The Gentle Art of Crushing It!

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Hello and thank you for joining us today on "The Gentle Art of Crushing it!" podcast where we focus on Learning and sharing with our listeners all there is to know about how create success in our lives. This show stands on the shoulders of Giants. Our mis

The Gentle Art of Crushing It


    • Apr 22, 2025 LATEST EPISODE
    • weekly NEW EPISODES
    • 39m AVG DURATION
    • 285 EPISODES

    Ivy Insights

    The Gentle Art of Crushing It! podcast is an invaluable resource for beginners in the world of passive income and investing. The show brings together a variety of perspectives from industry experts and successful individuals, providing listeners with valuable insights and education on how to invest for long-term success. The host does a great job interviewing guests and the content on the show is highly appreciated by its listeners. The podcast offers a wealth of knowledge and inspiration for anyone looking to grow their wealth through passive income sources.

    One of the best aspects of The Gentle Art of Crushing It! podcast is its diverse range of guests and topics. The show taps into industry experts from various fields, allowing listeners to learn about different asset classes and investment strategies all in one place. This diversity provides a well-rounded education for beginner investors who may be interested in exploring different avenues for passive income.

    Another positive aspect of the podcast is its educational value. Listeners describe it as being very informative and helpful, particularly for passive investors looking to grow their wealth in stable asset classes. The show covers a wide range of topics related to investing, financial planning, and mindset for success. It provides valuable advice and nuggets of wisdom that can benefit both seasoned professionals and newbies alike.

    However, one potential drawback of the podcast is that it may not cater to all types of investors or individuals seeking passive income sources. While it offers valuable insights into real estate investing and other asset classes, it may not delve into certain niche markets or industries that some listeners may be interested in exploring. Additionally, the show's focus on long-term success through passive income may not resonate with those who are seeking more immediate results or high-risk/high-reward investment opportunities.

    In conclusion, The Gentle Art of Crushing It! podcast is a highly recommended resource for beginner investors looking to learn about passive income sources. With its diverse range of guests, educational content, and inspirational stories, this show offers valuable insights into investing for long-term success. While it may not cater to all types of investors, its focus on educating and empowering listeners sets it apart from other real estate podcasts. Overall, this podcast is a must-listen for anyone interested in growing their wealth through passive income.



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    Latest episodes from The Gentle Art of Crushing It!

    EP 257: Why you should take responsibility for everything

    Play Episode Listen Later Apr 22, 2025 12:52


    SummaryIn this episode, Doug Clark discusses the importance of taking ownership of one's life and the concept of extreme ownership. He emphasizes that accepting responsibility is crucial for personal growth and achieving dreams. Doug shares inspiring stories of individuals who overcame adversity to achieve success, highlighting that many self-made millionaires started from humble beginnings. He encourages listeners to believe in their dreams and take actionable steps towards making them a reality.Chapters00:00 Taking Ownership of Your Life04:36 The Power of Overcoming Adversity10:44 Inspiration from Success Stories12:33 outro Keywordsownership, responsibility, adversity, success, dreams, self-made millionaires, inspiration, motivation, personal growth, life goalsTakeawaysIt's up to me to take ownership of my life.Accepting responsibility allows for honest self-assessment.Creating the life of our dreams requires taking risks.Adversity can be overcome with determination and belief.Many successful individuals started from poverty and achieved greatness.Wealth creation opportunities are more accessible than ever.Inspiration can be drawn from the stories of others.Believing in oneself is the first step to success.We deserve to live extraordinary lives, not settle for average.Taking action is essential to turn dreams into reality.

    EP 256: Building Wealth, Leadership & Passive Investing – Lessons from Schuyler Williamson

    Play Episode Listen Later Apr 17, 2025 44:37


    Schuyler Williamson is a leadership expert, entrepreneur, and decoratedmilitary veteran who has consistently achieved at the highest level in bothbusiness and service. As the author of The Steady Leader: Leadership ModelsThat Bring Clarity to Chaos, Schuyler provides actionable strategies for leadingthrough uncertainty, drawing from his experience as a Bronze Star Medalrecipient and combat officer with deployments to Iraq and Afghanistan. A topgraduate of West Point and McCombs MBA, Schuyler ranks in the top 1 percentof real estate agents nationwide, with hundreds of millions in sales andownership of over fifty-five investment properties. He is the founder of multiplesuccessful businesses, including Williamson Group and Mission HomeBuilders, and leads the Corporate Battlefield Mastermind, helping highachievers build wealth and leadership. Schuyler's insights have been featuredon his Money Mission YouTube channel and hundreds of blogs, and he hasinspired audiences at Oracle, Dell, Keller Williams Realty, Care.com, Logitech,Smith + Nephew, and Financial Executives International with his message thattrue leadership thrives in chaos.https://www.schuylerwilliamson.com/https://www.instagram.com/schuylerwilliamson/https://www.linkedin.com/in/schuylerwilliamson/https://www.youtube.com/@thesteadyleaderChapters00:00 Current Market Insights03:39 Skyler's Journey to Real Estate06:33 Building a Real Estate Portfolio09:26 Transitioning to Leadership13:07 The Construction Business15:51 The Laundromat Venture26:16 Cash Flow Focus in Business27:50 Partnering with Passive Investors30:24 Choosing the Right Partners35:17 The Steady Leader: Insights from Schuyler's Book40:05 Recommended Resources for Investors46:08 Due Diligence for Passive Investors47:53 Bucket List Adventures and Investment Insights49:58 outroRANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorKeywordsreal estate, passive investing, market insights, leadership, construction, laundromat business, partnerships, expectations, book release, investment advice 

    EP 255: Short-Term Rentals, Market Trends & Smart Investing with Brian Tibbs

    Play Episode Listen Later Apr 10, 2025 39:26


    Brian Tibbs is on a mission to serve people by leveraging his skills and experience in building significant wealth. He is eager to hear your story and walk alongside you in your wealth-building journey. From a young age, it was evident to both Brian and those around him that he was destined to be a businessman. By the age of 26, he had already begun investing in real estate, was an executive in his father's financial services company, and co-owned a small online retail business. However, Brian felt called to a different path. Over the next three years, he married Jill Bramhall, resigned from his father's company, sold his online business, liquidated 60% of his real estate portfolio, and moved—sight unseen—to Guatemala.For the next 16 years, Brian built a team that recruited and trained 380 leaders to plant 96 churches across 11 countries. Together, they raised over $20 million for their cause and constructed more than 150,000 square feet of churches and related facilities. Despite dedicating themselves to ministry, Brian and Jill earned very little money. When calculated against their total working hours, their earnings equated to just $9.20 per hour—less than the legal minimum wage in most states.Even with their limited income, they successfully built a multi-million dollar net worth. They no longer rely on jobs to pay their bills but instead have the financial freedom to choose work on their own terms. Their modest salary forced them to develop a wealth-building philosophy that didn't depend on a high income. It was through this financial constraint that the HACKER Method was discovered and implemented, enabling the Tibbs family to achieve financial independence by Brian's 44th birthday.Although Brian has stepped away from full-time missionary work, his passion for serving others remains strong. He launched The Unexpected Investor with the singular goal of helping people who feel financially constrained transform into wealthy, powerful, and generous investors using the HACKER Method.Chapters00:00 Introduction and Current Economic Perspectives04:46 Investment Strategies in Changing Markets08:39 Brian Tibbs' Journey and Experience12:18 Key Metrics in Short-Term Rentals16:04 Navigating Airbnb's Algorithm and Reviews19:40 Regulatory Landscape for Short-Term Rentals22:41 Navigating the Challenges of Short-Term Rentals25:08 The Value of Specialization in Real Estate26:44 The Growth Potential of Short-Term Rentals27:57 Exit Strategies in Short-Term Rental Investments29:00 The Hacker Method: Building Wealth31:50 Educational Resources for Short-Term Rental Investors34:26 Due Diligence in Passive Investing36:43 Supporting Emerging Entrepreneurs37:41 Investing in Others: A Personal Touch39:02 outro RANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorKeywordseconomy, investing, short-term rentals, Airbnb, market trends, passive income, real estate, Brian Tibbs, The Hacker Method, community building

    EP 254: Avoiding Costly IRA Mistakes: Prohibited Transactions Explained with Kaaren Hall

    Play Episode Listen Later Apr 3, 2025 40:35


    Kaaren Hall is the founder and CEO of uDirect IRA Services, LLC, a leading provider of self-directed IRA accounts since 2009. With over two decades of experience in real estate, mortgage lending, and property management (and especially Self-Directed IRAs) Kaaren has empowered thousands of people to take control of their retirement funds and invest in alternative assets, such as real estate, private lending, precious metals and more.Her expertise in self-directed retirement accounts has made her a sought-after speaker, and she has been a featured panelist and presenter at industry-leading conferences, including BiggerPockets' BPCON22, 23 & 24.Kaaren is also the founder of OCREIA (Orange County Real Estate Investors Association), where she fosters a vibrant community of real estate investors through education and networking since 2012. Adding to her accolades, Kaaren is now the author of the newly published Self-Directed IRA Investing: A BiggerPockets Guide, the definitive resource for investors looking to unlock the power of self-directed IRAs to build wealth. Published by BiggerPockets Publishing, this comprehensive guide combines actionable insights, real-world examples, and Kaaren's extensive industry knowledge to help investors confidently navigate the world of self-directed retirement accounts.Beyond her professional achievements, Kaaren's entrepreneurial journey has enabled her to support meaningful charitable giving, and inspire others to take control of their financial futures. She also serves on the Board of Directors for The Council on Aging Southern California as well as the board for RITA (the Retirement Industry Trust Association), where she continues to advocate for transparency and education in the retirement industry.Buy her book for $9.99 - https://store.biggerpockets.com/products/self-directed-ira-investing-a-biggerpockets-guideChapters00:00 Introduction to Self-Directed IRAs03:18 Market Trends and Investment Opportunities06:22 Karen Hall's Journey to CEO09:31 Differentiating UDirect IRA Services12:17 Understanding Self-Directed IRAs15:09 Prohibited Transactions and Compliance18:04 Checkbook Control vs. Custodian Management20:44 Navigating UBIT and UDFI Taxes23:33 Fair Market Value Requirements24:25 Understanding Fair Market Value in Self-Directed IRAs28:26 The Importance of Contributions and Retirement Planning30:13 Managing Idle Cash in Your IRA31:23 Educational Resources for Passive Investors34:26 Due Diligence for Passive Investors36:11 Bucket List Achievements and Future Aspirations37:34 Investing in Boutique Hotels38:57 Connecting with uDirect IRA40:11 outroRANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorKeywordsself-directed IRA, passive investing, UBIT, UDFI, market trends, investment strategies, retirement planning, fair market value, prohibited transactions, educational resources

    EP 253 Know Thyself

    Play Episode Listen Later Mar 31, 2025 12:14


    Chapters00:00 Know Thyself: The Importance of Self-Discovery03:36 Earned Euphoria: Pursuing Healthy Experiences06:26 Core Beliefs: Guiding Your Path09:40 Entrepreneurship: Building Your Own Dreams11:38 Dreaming Huge: The Power of Aspirations11:50 outro music riverside.mp4

    EP 252: How to Build Your Passive Buy Box with Jonathan Greene

    Play Episode Listen Later Mar 27, 2025 41:39


    Jonathan Greene is a thought leader in the real estate investing space. His podcast, Zen and the Art of Real Estate Investing is one of the fastest-growing real estate podcasts in the world. He is a lifelong real estate investor, on-market team leader, and luxury agent, as well as a certified life coach and real estate coach. He hosts in-person and online real estate investor meetups monthly.Jonathan's company, Streamlined Properties, is a single-member LLC that sources off-market deals in New Jersey and other cities across the country. Streamlined Properties, brokered by ΓEA⅃, is his solo team that helps buyers, sellers, and investors make wise and informed real estate decisions. His team has been featured in RealTrends America's Best for 2022, 2023, and 2024, ranking in the top 1.5% of teams in the country.Jonathan has been involved in real estate transactions for more than 30 years. He runs a separate family real estate partnership with his sister, Karin. They have owned countless properties in New York, New Jersey, Florida, and California that were managed as both long-term and short-term rentals.Jonathan Greene provides real estate investment guidance, Zoom workshops, and in-person meetups monthly through his investor/podcast brand, Zen and the Art of Real Estate Investing. His on-market team covers New Jersey and has deal funnels and agent relationships in every primary market. Jonathan is a licensed real estate associate broker in the state of New York and a licensed real estate broker-salesperson in the state of New Jersey.Jonathan is a national speaker who has been featured at Dippidi Deep Dive 2021 (keynote speakers were Gary V and Tom Ferry), Curaytor Excellence, NurtuRE Con, and local events. He was on the panel, How to Find Deals in an Uncertain Market, at BPCON 2023. He has been a guest on several real estate podcasts, such as BiggerPockets Podcast three time (eps. 584, 667, and 1054), The Best Real Estate Investing Show Ever, The Passive Income Attorney, and Multifamily Insights.Jonathan's background is as a former attorney, gallerist, museum curator, and educator. He grew up in Brooklyn Heights, NY, but graduated high school in NJ at the Peddie School. He has a B.A. in Criminal Justice from the University of Hartford and a J.D. from Nova Southeastern University Shepard Broad Law Center in Ft. Lauderdale. Jonathan lives in Mendham, New Jersey, and has two adult children.Jonathan's hub site can be found at www.trustgreene.com.Social links:www.zenandtheartofrealestateinvesting.comwww.trustgreene.comwww.streamlined.propertiesChapters00:00 Introduction to Passive Investing06:41 Transitioning from Active to Passive Investing12:24 Understanding the Passive Buy Box18:10 Exploring the Sub-100 Unit Market23:57 Navigating Debt and Investment Risks31:34 Resources for Passive Investors36:43 Personal Growth and Future Aspirations41:15 outro RANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorKeywordspassive investing, real estate, syndications, market trends, investment strategies, multifamily, due diligence, buy box, debt management, wealth building

    EP 251: The Irreplaceable Mindset

    Play Episode Listen Later Mar 24, 2025 8:39


    SummaryIn this episode of The Gentle Art of Crushing It, Doug Clark emphasizes the irreplaceable nature of each individual and the importance of recognizing one's unique purpose. He discusses the common enemy of self-doubt and the power of a growth mindset. The conversation encourages listeners to focus on their goals and define their life's mission, ultimately leading to personal growth and fulfillment.Chapters00:00 The Irreplaceable Mindset03:22 Defining Your Unique Purpose06:31 The Power of Focus and Mindset08:15 outro Keywordsirreplaceable mindset, uniqueness, self-worth, growth mindset, focus, purpose, motivation, success, personal development, self-improvement

    EP 250: De-Risking Real Estate Development: Insights from Katie Kim

    Play Episode Listen Later Mar 20, 2025 37:47


    I'm a real estate developer and educator with over 30 years of experience, specializing in transforming overlooked urban spaces into vibrant, community-enhancing developments. My passion for real estate began early, growing up in a family deeply rooted in construction and development and spending weekends on the jobsites with my dad and school holidays in the office with my mom. I completed my first real estate deal at just 16 years old.Before diving fully into real estate, I spent several years at Accenture Technology Labs in Chicago, working in the Research and Innovation Department. There, I crafted strategic solutions for corporations, traveling globally to implement profitable strategies for clients. This experience honed my ability to align a company's mission with long-term financial growth—skills I now apply to real estate development by uncovering hidden opportunities and creating profitable projects.In 2004, we founded The Kim Group for our own real estate investments and expanded to work with clients. In 2015, we relaunched the company to incorporate our unique “Developer for Fee” model, designed to help business owners and individuals navigate the complexities of real estate development. This model empowers clients to be fully involved in every step of the development process—from acquisition to design and financial structuring—while I provide the expert guidance needed to ensure success. By 2021, we expanded into Austin and launched The Kim Group ATX, bringing my expertise in adaptive reuse, small-scale urban infill, and Public-Private Partnerships (P3).What sets me apart is my ability to see opportunities where others see obstacles. I've led major projects like the Trefzger's Bakery, Keller Station, and many others transforming neglected properties into thriving community hubs. My expertise in leveraging economic incentives— like TIFs, BDDs, SSA, Historic Tax Credits, and many others —ensures that even the most challenging projects become financially viable and successful. I am launching the Katie Kim Educational Platform to expand my mission of empowering individuals to achieve financial independence through real estate development. My platform provides the education and tools needed to confidently navigate real estate deals, build generational wealth, and make meaningful contributions to their communities.I'm passionate about solving complex development challenges and turning ideas into reality. Whether you're an aspiring developer or an experienced investor looking for new opportunities, I'm here to guide you every step of the way. Real Developers, Real ResultsChapters00:00 Introduction to Infill Development03:46 Market Trends and Passive Investment Strategies04:05 Katie Kim's Origin Story08:35 Understanding Developer for Fee Services13:03 Navigating Development Challenges17:16 Innovative Affordable Housing Strategies21:26 Exploring Affordable Housing Solutions23:40 Building a Supportive Community for Investors27:05 Navigating Development Challenges28:29 Katie Kim's Ongoing Projects and Vision30:18 Final Thoughts and Resources for Investors37:23 outro RANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorKeywordsinfill development, passive investing, real estate, developer fees, tax credits, affordable housing, community building, education, market insights, investment strategies

    EP 249: Why You Are Priceless

    Play Episode Listen Later Mar 17, 2025 12:17


    SummaryIn this episode of The Gentle Art of Crushing It, Doug Clark emphasizes the importance of encouragement and self-belief. He discusses the miraculous nature of human existence, the power of setting both realistic and impossible goals, and the necessity of overcoming self-limiting beliefs. Doug encourages listeners to define their ideal life without limitations and to believe in their potential for greatness.DOUG CLARKDoug Clark is a husband of one, father of six, real estate investor, who is passionate about growth and living life to the fullest! His main goal is to create the life of his dreams and live it on his own terms. He intends on helping as many people as possible to realize this worthy goal for themselves as well. Reach out to him anytime to connect for any reason and you never know he may just have the answer you are looking for! His passions range from his family to being a Christian to studying and implementing success principles, technology, skateboarding, music, and martial arts to name just a few.https://www.linkedin.com/in/douglas-clark-a13a68191/Chapters00:00 Introduction to Encouragement02:51 The Power of Belief and Self-Worth06:12 Overcoming Self-Limiting Beliefs09:57 Defining Your Ideal Life11:53 OutroKeywordsencouragement, self-worth, belief, self-limiting beliefs, personal growth, ideal life, motivation, success, goals, positivity

    EP 248: Eric Nelson's Secrets to Finding the Right Property Manager for Multifamily Success

    Play Episode Listen Later Mar 13, 2025 38:56


    Eric Nelson is from southwest Colorado and received a degree in Civil Engineering from Colorado State University. He is the principal of Wild Oak Capital and is actively syndicating multifamily properties. With over 12 years of real estate experience and more than 1,000 units under management, Eric has figured out how to stop trading his time for dollars and has found the key to living life on our own terms, which he shares inside his mastermind community. He has co-hosted Pay It Forward and Scale, multifamily events that focus on mindset and networking within the multifamily investing community. While living his dream in Spain with his family, he is not only working with his Wild Oak team, but he is also dedicated to coaching motivated real estate investors inside a networking and future-focused community.RANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorChapters00:00 Market Overview and Passive Investing Landscape04:42 Eric's Journey into Real Estate10:02 Scaling Through Syndication12:27 Managing a Remote Team from Spain14:47 Choosing the Right Markets for Investment19:31 Building Strong Relationships with Property Managers20:58 Diverse Investment Strategies26:54 Navigating Debt and Risk Management32:06 Mindset and Personal Growth34:01 Due Diligence in Real Estate Investing35:26 Bucket List Adventures and Family ExperiencesKeywordsreal estate, passive investing, multifamily units, market trends, syndication, property management, investment strategies, remote management, Oklahoma, Arkansas, real estate, investment strategies, debt management, passive investing, property management, mindset, due diligence, family travel, personal growth, multifamily investing

    EP 247: Building a $250K Passive Income Portfolio with Pascal Wagner

    Play Episode Listen Later Mar 6, 2025 44:17


    Pascal Wagner earns over $150k/year in passive income through 20+ LP investments and another $100k/year from his 100+ unit co-living portfolio in Atlanta. With experience deploying $150M into 200+ companies over 3 years at Techstars, Pascal blends institutional knowledge with the hands-on understanding of being a real estate operator.With Pascal's guidance, you'll have everything you need to confidently build and grow your own cash-flowing portfolio. His newsletter delivers exclusive deal flow every week, his workshops reveal the strategies behind his success, and he provides the unique opportunity to invest alongside him. If you're ready to follow his path and build a cash-flowing portfolio, sign up for his starter kit at PassiveInvestingStarterKit.com.Chapters00:00 Introduction to Pascal Wagner and His Journey02:46 Current Market Insights and Passive Investing06:08 Pascal's Origin Story in Real Estate08:58 Building a Diverse Investment Portfolio12:02 Lessons Learned from Passive Investing14:48 Understanding Risk and Returns18:06 Defining the Buy Box for Investments21:07 Diversification Strategies in Passive Investing27:04 Investment Strategies: Learning from Experience29:12 Building a Cash Flow Academy: Guiding New Investors32:08 Creating a Roadmap for Passive Income36:39 The Importance of Transparency in Investments37:24 Educational Resources for New Investors40:31 Key Due Diligence Questions for Investors43:58 Personal Bucket List Adventures45:51 Investment Choices: Where to Put Your MoneyKeywordsreal estate, passive investing, market insights, investment strategies, risk management, diversification, cash flow, equity growth, portfolio management, financial education, investment strategies, passive income, cash flow academy, transparency in investments, due diligence questions, educational resources, personal finance, real estate investing, investment roadmap, investor educationRANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 246: Josh McCallen on Reviving Distressed Resorts and Unlocking Hospitality Wealth

    Play Episode Listen Later Feb 27, 2025 37:21


    JOSH MCCALLENIt is an honor to lead over 400+ souls in a High-Growth hospitality REVIVAL We host 320,000+ guests annually at our collection of 4 legendary resort properties, with 1000+acres, 2.5miles of waterfront, 2 championship golf courses, 2 award-winning wineries, boat clubs, beach barOur Teams are Transforming Real Estate & Operating Businesses into a Unified Platform for Generational Impact Together we are Unleashing the Power of Truth, Beauty, and GoodnessIt has been an honor to serve teams with the following recognition:  Together We…Currently, I serve as CEO/ President of VIVAMEE Hospitality, which humbly welcomes and serves over 325,000 souls as guests each year and employs more than 400 teammates yearlyAdditionally, I serve as Managing Partner and CEO of Accountable Equity, a private equity firm offering direct passive investments for accredited investorsHave enjoyed hosting Capital Hacking Podcast since 2019 with over 300 episodes helping 1st generation wealth builders and private direct investorsTurned Around, 2 bankrupt companies into thriving multimillion-dollar operationsLaunched: 7 successful resorts, 24 unique event venues, 10 unique restaurant concepts, and numerous festival and live in-person ticketed eventsDoubled the revenue of two Championship Golf CoursesAttracted capital from over 435 investor familiesBuilt a 4000+ person investor communityShared our story as Keynote Speaker for over 10 Accredited Investor Summits & MastermindsEarned Inc 5000 recognition twiceLed a resort company that had two resorts nationally ranked in the top 25 best hotels in AmericaAcquired over 1000 acres of premium real estate including 2.5 miles of waterfrontHave employed approximately 3000 souls since 2010Currently operates one of the largest luxury wedding businesses in AmericaHost a podcast in the top one of the worlds shows and has reached hundreds of thousands of downloadsHave been the subject of an “unsuccessful” pilot television show for HGTVHave renovated and constructed over 250,000 ft.² of luxury, residential and commercial propertiesRestored and revived five historically significant properties into legendary destination resortsAppeared as a featured guest on 70 famous podcasts and showsHave been a future speaker and panelist for The Family Office Club, the Alternative Investor Summit, the Real Estate Guys Radio syndication events, and several regional masterminds and conferencesHave appeared in or been featured in over 70 news, articles and morning television shows Capital Hacking www.capitalhacking.comVIVAMEE www.vivamee.comAccountable Equity www.AccountableEquity.comCHAPTERS00:00 Market Insights and Predictions02:55 Background and Business Model Overview06:03 Investment Strategy and Asset Management08:45 Revenue Streams and Operational Strategies12:01 Navigating Challenges During COVID-1918:05 Investment Structure and Investor Relations20:56 Future Growth and Expansion Plans23:57 Operational Excellence and Company Culture30:00 Educational Resources and Final ThoughtsRANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 245: AJ Osborne on Diversifying with Self-Storage Investments for Modern Investors

    Play Episode Listen Later Feb 20, 2025 42:27


    AJ Osborne is an American entrepreneur, businessman, and investor who owns and manages his self-storage portfolio of over $350 million of assets through his companies Cedar Creek Capital and Self-Storage Income.He's the owner and host of the largest self-storage podcast, Self-Storage Income. As an operator and private owner with over 1.2 million square feet of self-storage, he regularly keynotes at national conferences on operations related to investing in, buying, and managing self-storage facilities.AJ specializes in developing, converting and turning around underperforming facilities with a value-add strategy, and loves to show other entrepreneurs and investors how to focus on technology and self-storage automation.Chapters00:00 Market Cycle Insights and Predictions08:50 AJ Osborne's Journey to Self Storage Success17:24 Understanding Self Storage as a Business Model21:44 Centralizing Operations in Self-Storage22:08 Understanding Recession Resistance in Self-Storage25:16 Development Trends in Self-Storage28:15 Opportunities for Passive Investors31:34 Challenges in Raising Capital33:36 Preparing for Future Capital Needs36:27 Educational Resources for New Investors39:51 Due Diligence in Self-Storage Investments41:02 Personal Insights and Future InvestmentsRANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestorSummaryIn this episode, Randy Smith interviews AJ Osborne, CEO of Cedar Creek Capital, discussing the current state of the market cycle, predictions for the self-storage industry, and AJ's personal journey from insurance to becoming a leading figure in self-storage. AJ shares insights on the impact of interest rates, government spending, and the transition into a new market cycle, while also detailing his personal challenges and how self-storage provided financial stability during tough times. The conversation highlights the unique aspects of self-storage as a business model and its operational efficiencies. In this conversation, AJ Osborne discusses the current state of the self-storage industry, addressing misconceptions about recession resistance, development trends, and the challenges faced by passive investors. He emphasizes the importance of understanding market dynamics, the impact of interest rates on valuations, and the need for education in the industry. AJ also shares insights on capital raising and the shift towards family offices for funding, while providing resources for new investors to navigate the self-storage space effectively.Keywordsself storage, market cycle, passive income, AJ Osborne, real estate, investment strategies, financial freedom, business model, economic trends, asset management, self-storage, recession resistance, passive investing, capital raising, market trends, educational resources, due diligence, investment strategies

    EP 244: Unlocking Abundance: Lessons in Wealth and Impact from Cathy Christen

    Play Episode Listen Later Feb 13, 2025 41:21


    Cathy Christen is a serial entrepreneur, author, and executive coach with over two decades of experience helping leaders and business owners thrive in their careers without sacrificing what matters most. As the co-founder of GoBundance Women®️ and CEO of Elevated You, Inc., Cathy specializes in creating smart systems, fostering strong team cultures, and empowering leaders to reclaim their time and lead with purpose. Known for her dynamic coaching and actionable strategies, she's passionate about helping others build a life they love while achieving lasting success.SummaryIn this episode, Randy Smith interviews Kathy Christen, a division manager for Vector Marketing and CEO of Elevated You. They discuss the current market conditions affecting passive investors, Kathy's personal journey from a low-income background to financial success, the importance of mentorship, and strategies for solopreneurs looking to scale their businesses. Kathy emphasizes the need for a long-term investment mindset, the significance of documenting processes, and innovative hiring strategies to foster growth. In this conversation, Cathy Christen and Randy Smith discuss the evolving landscape of passive investing, emphasizing the importance of mindset shifts, education, and mentorship for new investors. They explore the appeal of fractional roles that offer lifestyle flexibility, the significance of viewing money as a tool for freedom, and the necessity of due diligence when investing in businesses. Cathy shares her personal experiences and insights on diversifying investments and learning from successful investors, while also highlighting valuable resources for passive investors.Chapters00:00 Navigating Market Uncertainty05:59 The Importance of Mentorship12:00 Scaling Beyond Cutco17:55 Hiring Strategies for Growth23:42 Mindset Shifts for New Investors30:51 Diversification and Long-Term Thinking36:23 Due Diligence in Business InvestmentsRANDY SMITHConnect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 243: Invest Smarter: Insights on Real Estate and Wealth Management from Andrew McNair

    Play Episode Listen Later Feb 6, 2025 39:11


    Andrew McNair is a financial expert, philanthropist, and author dedicated to helping families achieve financial peace of mind. As the President of SWAN Capital in Pensacola, Florida, Andrew's mission is to help families "Sleep Well At Night" through Total Wealth Management, offering integrated retirement plans that address income, tax, health care, and estate needs.  Andrew began his financial career at 14, interning at a financial firm and later founding SWAN Capital after studying finance at the University of West Florida. He is an Investment Adviser Representative, licensed insurance professional, and creator of the Cygnet Fund for real estate investments.  A passionate advocate for stewardship and giving, Andrew hosts the Rich Young & Powerful podcast and the weekly radio show What Your Money Would Say. He is also the author of Don't Be Penny Wise & Dollar Foolish, Tithe: A Living Testimony, and The Giving Crisis. Featured on The Wall Street Journal, Forbes, and Fox Business, Andrew encourages others to align their finances with their values to create lasting impact. Chapters 00:00 Introduction to Andrew McNair and Market Insights 06:14 Andrew's Journey to Financial Success 12:49 Navigating the Current Economic Landscape 19:41 Investment Strategies and Asset Allocation 26:59 The Importance of Giving and Family Experiences 33:47 Final Thoughts and Future Aspirations RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 242: How to Diversify Like a Pro: Lessons from Jeremy Roll's Portfolio

    Play Episode Listen Later Jan 30, 2025 44:35


    Jeremy started investing in real estate and businesses in 2002 and left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 60 opportunities across more than $1 Billion worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,500 investors who seek passive/managed cash flowing investments in real estate and businesses. Jeremy is also the co-Founder of For Investors By Investors (FIBI), a non-profit organization founded in 2007 with the goal of helping real estate investors network and learn in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 30,000 members. Jeremy has an MBA from The Wharton School and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US. Jeremy welcomes e-mails (jroll@rollinvestments.com) to network with or help other investors and to discuss real estate or business investments of any size. Chapters 00:00 Introduction to Passive Investing with Jeremy Roll 01:04 Current Market Assessment and Its Impact on Passive Investments 06:04 Jeremy Roll's Background and Investment Journey 08:19 Learning Process and Networking in Real Estate 15:44 Diversification Strategies for Passive Investors 20:49 Cashflow Targets and Investment Strategies 23:27 Tax Abatement and Unique Investment Opportunities 24:59 Tax Abatement Trends and Future Outlook 28:41 Investment Strategies and Risk Management 31:44 Understanding Debt Funds and Economic Cycles 35:12 Essential Resources for New Investors 39:07 Key Due Diligence Questions for Passive Investors 42:37 Personal Insights and Future Aspirations RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 241: The Portfolio BRRR Method: Revolutionizing Real Estate with Omni Casey

    Play Episode Listen Later Jan 23, 2025 40:25


    Omni Casey is a seasoned real estate investor, broker, coach, and published author with over 20 years of experience. Renowned for achieving financial freedom before the age of 30 through his "Passive Income for Life" (PIFL) strategy, Omni has become a thought leader in the real estate industry. He is the author of The Cash-Flow Breakfast Club, a powerful blend of storytelling and actionable advice for achieving financial independence through real estate investing. Omni's real estate career began in Hawaii, where he grew up as one of eight siblings in an entrepreneurial family. Today, he operates his investment company, New Leaf Redevelopers, which focuses on value-add residential and mixed-use projects using his signature "Portfolio BRRRR" strategy. As the founder of the Cash-Flow Breakfast Club, Omni leads a thriving community of real estate investors across the U.S., offering education, mentoring, and networking opportunities. The club empowers members to achieve financial freedom and builds local, hyper-engaged communities of investors. Omni's mission extends to inspiring his three children through hands-on involvement in their family investments. Featured on the Bigger Pockets podcast and dozens of other industry-leading shows, Omni is known for sharing his philosophy of living life in decades—focusing on financial freedom in his 20s, generational wealth in his 30s, and leaving a legacy in his 40s. Omni's dynamic approach to real estate investing, combined with his passion for community building and education, continues to make a significant impact on investors nationwide. CONNECT WITH OUR GUEST https://www.facebook.com/omnitheinvestorguy/ https://www.instagram.com/omnitheinvestorguy/ https://www.youtube.com/c/OmniTheInvestorGuy https://www.tiktok.com/@omnitheinvestorguy https://twitter.com/OmniCasey Chapters 00:00 Navigating the Current Real Estate Market 06:59 Understanding the BRRRR Strategy 12:32 Asset-Based Financing Explained 17:28 Finding Off-Market Deals 23:26 The Importance of Structure in Networking 29:01 Expanding the Cashflow Breakfast Club 36:08 Due Diligence: Key Questions for Passive Investors RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 240: The Power of Focus: How Devin Elder Escaped Corporate Life Through Real Estate

    Play Episode Listen Later Jan 16, 2025 52:40


    Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including many full cycle multifamily investments, development projects, and land purchases. Devin has been a Principal in over 5,000 doors of multifamily. Devin is a Pilot, Podcast host and owner of a Real Estate brokerage and the DJE Foundation, a 501(c)(3) non-profit supporting disadvantaged children in Texas and the Philippines. Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Devin Elder, founder and CEO of DJE Texas Management Group. They discuss the current state of the real estate market, investment opportunities, and the importance of patience for passive investors. Devin shares his entrepreneurial journey, the challenges of transitioning from a corporate career to real estate, and offers advice for aspiring entrepreneurs. He also explains the investment structures used in his projects, the focus on multifamily and rural land investments, and the benefits of vertical integration in property management. In this conversation, Devin discusses the evolution of his property management company, the complexities of employee transitions during asset sales, and shares insights on market predictions and economic outlook. He emphasizes the importance of understanding debt structures in real estate, offers advice on due diligence for passive investors, and reflects on personal growth through aviation experiences. The conversation concludes with investment strategies for passive investors, focusing on development deals and multifamily syndications. Chapters 00:00 Market Insights and Investment Opportunities 05:12 Devin Elder's Journey to Entrepreneurship 11:41 Advice for Aspiring Entrepreneurs 15:30 Investment Structures and Project Types 21:30 Track Record and Market Focus 24:34 Vertical Integration in Property Management 26:03 Launching a Property Management Company 28:15 Navigating Employee Transitions During Sales 30:38 Market Predictions and Economic Outlook 37:00 Understanding Debt Structures in Real Estate 44:31 Due Diligence for Passive Investors 47:29 Bucket List Adventures and Personal Growth 49:37 Investment Strategies for Passive Investors RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 239: Affordable, Scalable, Sustainable: Darren Christensen on Modular Housing in Action

    Play Episode Listen Later Jan 9, 2025 37:15


    Darren Christensen is the owner and visionary of My Chez Space, a prefab housing manufacturer that has solved for building truly affordable workforce housing that is also extremely profitable on the investment / development side. My Chez Space is on the cusp of changing the landscape of attainable housing which happens to be one of the largest, fastest growing real estate markets with the least saturation. https://www.mychezspace.com/ Summary In this episode, Randy Smith interviews Darren Christensen, founder of My Shea Space, who discusses the current state of the affordable housing market, his journey in modular housing development, and the innovative solutions his company is bringing to the industry. Darren shares insights on market trends, the importance of efficiency in construction, and the potential for passive investors in this growing sector. He emphasizes the need for truly affordable housing and outlines his plans for scaling the business while maintaining quality and affordability. RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor Chapters 00:00 Market Overview and Investor Sentiment 02:00 Darren's Journey in Affordable Housing 06:03 Innovations in Modular Housing 12:04 Affordable Housing Solutions and Market Needs 17:51 Future Plans and Scaling the Business 23:59 Investment Opportunities and Passive Investing 30:03 Personal Growth and Learning in Investing

    EP 238: Lessons in Resilience: How Family, Fortune 500, and Real Estate Shaped Charlie Kao's Path

    Play Episode Listen Later Dec 26, 2024 45:35


    Charlie Kao is the Principal and Asset Manager at Twin Oaks Capital, a boutique commercial real estate firm specializing in consulting, feasibility studies, brokerage, and construction management. With a deep-rooted background in real estate shaped by his family's entrepreneurial journey, Charlie brings a wealth of experience in diverse asset classes, including self-storage and industrial properties. He combines his expertise in operations, development, and innovative financing strategies to deliver exceptional value to his clients and investors. Beyond his professional accomplishments, Charlie is passionate about creating efficient investment models and leveraging his real estate knowledge to help others build wealth through strategic investments. Chapters 00:00 Market Overview and Passive Investing Opportunities 11:34 Transitioning from W-2 to Entrepreneurship 18:13 Current Focus: Industrial Real Estate Trends 25:11 Investor Returns and Guarantees 32:59 Managing Personal Guarantees 38:16 Current Reading and Listening Habits 44:30 Investment Strategies Beyond Personal Deals Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Charlie Kao, an asset manager and principal at Twin Oaks Capital. They discuss the current state of the commercial real estate market, focusing on passive investing opportunities and the shift towards safer investments. Charlie shares his personal journey in the real estate industry, detailing his early experiences working alongside his father, who built a successful real estate portfolio. The conversation also explores Charlie's transition from a W-2 job back to entrepreneurship, emphasizing the importance of work-life balance and the desire to be present for his family. Finally, they delve into the current trends in industrial real estate, particularly in the wake of COVID-19, and how these trends are shaping investment strategies. In this conversation, Charlie Kao discusses his transition to a debt model in real estate investing, allowing him to retain full ownership of projects while providing attractive returns to investors. He explains the structure of his investment deals, including guarantees and flexibility for investors, as well as the legal documentation involved. The discussion also covers the importance of education for passive investors, current reading habits, and due diligence practices. Additionally, Charlie shares personal experiences related to family adventures and his investment strategies. RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor Keywords commercial real estate, passive investing, market trends, entrepreneurship, self storage, industrial real estate, investment strategies, family business, market analysis, economic indicators, debt model, passive investing, investor returns, construction loans, legal documentation, personal guarantees, educational resources, due diligence, investment strategies, bucket list adventures

    EP 237: Mission Driven: Empowering Military Families through Real Estate with Adam LaBarr

    Play Episode Listen Later Dec 19, 2024 40:43


    Adam La Barr is a combat veteran, Amazon #1 best-selling author, and accomplished business consultant with a knack for turning challenges into opportunities. With 18 years of military experience and a proven track record in the corporate world, he has honed the art of building high-performing teams and scaling businesses sustainably. Adam has successfully navigated complex situations as a COO, steered startups to seven-figure sales, and implemented systems that allow businesses to thrive. In real estate, Adam's portfolio includes over 350 multifamily doors, investments in self-storage, and ownership of a memory care facility. Despite early hurdles, including a near-miss on his first deal, Adam's resilience turned lessons into lasting success. Now, he leverages his unique blend of military discipline and entrepreneurial expertise to guide businesses with revenues of $250K to $1M, helping them scale without losing their identity—or their sense of humor. When he's not helping others achieve their goals, Adam spends time with his wife, Raquel, and their three children, proving that teamwork truly makes the dream work. Chapters 00:00 Market Insights for Passive Investors 03:06 Adam's Journey into Real Estate 05:59 The Challenges of a First Investment 09:00 Lessons Learned from Early Mistakes 12:07 Partner Selection and Due Diligence 14:55 Navigating Difficult Conversations 17:53 Creating Strong Operating Agreements 21:33 Navigating Challenges in Business Relationships 22:02 Exploring Residential Assisted Living 24:26 The Realities of Assisted Living Investments 28:00 Understanding the Financial Dynamics of Assisted Living 30:39 Active Duty Passive Income: Empowering Military Investors 33:42 Balancing Family Life and Entrepreneurship 36:53 Due Diligence in Passive Investing 39:31 Bucket List Adventures and Investment Strategies RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 236: From Rags to Riches (and Back Again): Christian Cardamone's Real Estate Comeback Story

    Play Episode Listen Later Dec 12, 2024 39:59


    Christian Cardamone: Real Estate Veteran & Visionary Entrepreneur With over 20 years of experience, Christian Cardamone has forged a remarkable career in real estate, entrepreneurship, and property development. Starting as REMAX's "Rookie of the Year" in 2005, he quickly rose to prominence, only to face a significant setback during the 2008 financial crash. Demonstrating resilience and determination, Christian rebuilt his net worth to $10 million, creating a diverse portfolio of over 65 properties spanning multifamily, industrial, office, and vacation assets. As the founder of Aloha Wilmington Real Estate and GreenBuilt Homes, he specializes in boutique property management, sustainable development, and innovative property transformations, including historic renovations like the iconic 1738 Orange Street project. Christian's journey is a testament to perseverance and entrepreneurial spirit, blending his expertise in real estate with his passion for sustainability and community building. Based in Wilmington, NC, he balances his professional life with personal pursuits like surfing, sailing, and music. Whether navigating market trends, crafting investment strategies, or sharing lessons from his inspiring comeback, Christian offers audiences invaluable insights and actionable takeaways. Chapters 00:00 Navigating the Current Real Estate Market 03:10 Christian's Journey into Real Estate 07:40 Diverse Asset Classes: A Strategic Approach 10:51 Building Partnerships in Real Estate 14:59 The Importance of Partner Selection 16:41 Focusing on Flex and Multifamily Assets 20:41 Understanding Flex Space 25:17 Future Projects and Syndication Plans 31:07 Optimism for the Future of Real Estate 32:56 Educational Resources for New Investors RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor Summary In this episode of the Gentle Art of Crossin' podcast, host Randy Smith interviews Christian Cardamone, a commercial broker and founder of Aloha Wilmington Real Estate. They discuss the current real estate market, Christian's journey into real estate, and the importance of diversifying asset classes. Christian shares insights on building partnerships, the significance of selecting the right partners, and his focus on flex and multifamily assets. The conversation also covers the future of real estate, educational resources for new investors, and the optimistic outlook for the market.

    EP 235: Building Trust With Investors Through Transparency with Pat Zingarella from Invest Clearly

    Play Episode Listen Later Dec 5, 2024 35:44


    Pat Zingarella is the CEO of Invest Clearly, a GP review site and directory. The mission of Invest Clearly is to empower LP's to make informed decisions by hosting unbiased reviews of passive investment sponsors from verified experienced investors. They also help Sponsors build trust with new investors through transparency. Prior to Invest Clearly Pat worked as an Account Executive for a $5B research and advisory company where he would provide go-to-market and growth support to start-up companies, ran his own sales consultancy, and personally invests in residential and commercial real estate. Visit https://investclearly.com/ to research sponsors or to claim your profile as a sponsor now. Chapters 00:00 Market Conditions and Passive Investing Opportunities 02:53 Pat Zingarella's Journey into Real Estate 06:53 The Need for Transparency in Investment Reviews 12:01 Building Trust Between LPs and GPs 18:17 Engaging with the Invest Clearly Platform 20:27 The Role of Reviews in Passive Investing 25:02 Future of Invest Clearly and Community Building 27:41 Mindset and Educational Resources for Investors 30:58 Due Diligence Advice for Passive Investors 32:51 Personal Insights and Future Aspirations Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith speaks with Pat Zingarella, CEO of Invest Clearly, about the current market conditions affecting passive investors and the importance of transparency in investment reviews. Pat shares his journey into real estate, the challenges faced by both limited partners (LPs) and general partners (GPs), and how Invest Clearly aims to create a safer ecosystem for investors through verified reviews. The conversation also touches on the significance of community engagement, mindset resources, and due diligence in passive investing. RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 234: Unlock Tax Savings with Cost Segregation: Sean Graham Offers Exclusive Discount for Listeners

    Play Episode Listen Later Nov 28, 2024 48:23


    Sean is the founder of Maven Cost Seg. As a real estate investor and a registered CPA, Sean understands the tax benefits of cost segregation studies. Sean started his real estate journey by investing in small multi-family properties before launching a commercial real estate syndication company, Maven Equities. Sean continues to manage his own portfolio of residential rental properties while also investing in and developing self-storage facilities. Sean is a registered CPA with a background in public accounting, tax, and private equity. Go to http://www.mavencostseg.com/randy to get 10% off your cost segregation study from Maven Cost Seg or mention the Gentle Art of Crushing It podcast if you reach out to Sean directly. Chapters 00:00 Introduction and Market Overview 06:00 The Mechanics of Cost Segregation Studies 12:03 Cost Segregation Process Explained 17:58 Cost Segregation Costs and Considerations 23:51 Final Thoughts and Advice 29:03 Leveraging Short-Term Rentals for Tax Benefits 35:28 Navigating Cost Segregation and Tax Professionals 43:50 Personal Insights and Future Aspirations RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith welcomes back Sean Graham, founder of Maven Cost Seg and Maven Equities. They discuss the current market conditions for passive investors, the intricacies of cost segregation studies, and the potential tax benefits associated with real estate investments. Sean explains how cost segregation can accelerate depreciation, allowing investors to reduce their taxable income significantly. The conversation also covers the process of conducting a cost segregation study, the costs involved, and the implications of tax recapture. Overall, the episode provides valuable insights for both new and experienced investors looking to optimize their tax strategies in real estate. In this conversation, Sean Graham and Randy Smith delve into the intricacies of real estate investing, focusing on tax strategies, depreciation, and the benefits of short-term rentals. They discuss how to leverage passive losses, the importance of working with knowledgeable tax professionals, and provide valuable insights for new investors. The discussion also touches on personal experiences and recommendations for educational resources in the realm of passive investing.

    EP 233: Swiss Army House: Revolutionizing Real Estate with Alvin Uy's Multi-Exit Strategy

    Play Episode Listen Later Nov 21, 2024 61:40


    Alvin Uy is a self-made high networth entrepreneur and an active investor from Los Angeles, CA.  Alvin utilized several unfavorable life events as opportunities for growth. Being a first-generation immigrant and a college dropout challenged him to explore his untapped potential. His entrepreneurial spirit, drive to push past limits, and love of design and innovation are key factors contributing to his success. Being a solutions-based critical and creative thinker has helped him challenge limiting beliefs to build multiple successful businesses.  In 2013, Alvin designed and developed SoapSox (www.soapsoxkids.com), the first of its kind children's bath product. SoapSox's appearance on ABC's Shark Tank in 2014 surprised both the sharks and viewers by walking away from 3 sharks offering a $1M buyout. Alvin proved the sharks wrong by successfully launching into several markets, becoming a product sold globally in mass-market retailers, and winning an award for innovation.  While concurrently mastering his craft as a product developer, Alvin spent 19 years pursuing his true passion: Real Estate. In addition, he spent over a decade honing his skills in value-add investments, property management, construction, rehabbing distressed homes, fix and flip, and creative financing. As a result, Alvin owns multiple properties in Los Angeles and has recently expanded his multi-family portfolio to include other states. Alvin has pivoted to using his many talents and skillset to tackle the housing crisis that's been facing Southern California. Alvin has been focusing SB9 and the production of ADUs these last few years. As a husband, a father to two young boys, an older brother to four siblings, and a friend to many, Alvin has not lost sight of the importance of sharing his wealth of knowledge to those around him. Coming from humble beginnings has inspired his mission to help others exceed expectations and meet a higher degree of personal excellence. Chapters 00:00 Introduction to Alvin Uy and Market Insights 02:58 Alvin's Journey: From Immigrant to Entrepreneur 06:01 The Shift from Engineering to Creative Pursuits 09:00 Building a Career in Marketing and Product Development 12:05 The Shark Tank Experience and Product Launch 14:57 Real Estate Journey: Early Investments and Lessons Learned 18:08 Transitioning to Real Estate and Financial Freedom 20:45 Navigating the Real Estate Market and Strategies 23:58 Using Other People's Money and Future Plans 27:45 The Importance of Exit Strategies 28:15 Real Estate Strategies and Shifts 29:43 Leveraging Hard Money for Growth 31:00 Rethinking Unit Counts in Real Estate 32:24 Real Estate as a Product 34:20 Innovative Housing Solutions 36:30 Understanding Accessory Dwelling Units (ADUs) 39:04 Building Value in California Real Estate 41:51 Navigating New Investment Opportunities 44:16 Key Advice for New Passive Investors 49:32 Due Diligence in Passive Investing 54:14 Legacy and Education for Future Generations RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 232: The Firefighter's Path to Passive Income and Real Estate Success with Eric Burns

    Play Episode Listen Later Nov 14, 2024 39:44


    Eric Burns is a Cincinnati-based entrepreneur. His journey has taken him from being a finance major to a Cincinnati Firefighter to a residential real estate investor and flipper to finally landing in commercial real estate. He values his journey and believes in the entrepreneurial spirit. His message to fellow entrepreneurs is simple, STOP TRADING YOUR TIME FOR MONEY and LIVE LIFE BULLISH. Like many, Eric started his real estate investment career in the residential space and expanded into the commercial arena. His first property was a student housing rental in 2016, while he was still active with the Cincinnati Fire Department. Later, he expanded into renovations, and eventually, after many years of growth, education, and “failing forward”, Eric found himself in the commercial space.Eric's story is similar to many entrepreneurs' as he has navigated ups and downs with successes and failures in his entrepreneurial journey. As it turns out, it was during a less-than-ideal renovation when he realized, after years spent starting side hustles and residential real estate, that he was still only trading his time for money! As a believer in financial freedom, Eric leaned into commercial real estate and found a path to lead him to that destination. To that end, Flowers Capital reflects Eric's fundamental philosophies of sourcing and funding deals. Priorities include, firstly, the preservation and growth of investor capital. As a strong proponent of multiple, passive sources of income and protecting the commodity of time, he believes financial freedom is achievable through commercial real estate investment. Flowers Capital is fully intent on achieving those goals for its investors. Eric considers himself a life-long learner. He believes in the entrepreneurial spirit and understands the realities of that life path. His greatest strengths include curiosity, personal accountability, and resilience. Real estate investing is truly a labor of love for Eric, but he also thoroughly enjoys fly fishing, traveling, and his Labrador Retriever, Baron. Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Eric Burns, founder of Flowers Capital. They discuss the current market conditions for passive investors, Eric's journey from active real estate investing to capital raising, and the importance of due diligence in selecting deals. Eric shares insights on navigating market cycles, building relationships with operators, and the significance of believing in the deals presented to investors. The conversation emphasizes the goal of achieving financial freedom through passive income and the evolving strategies in the real estate investment landscape. Chapters 00:00 Introduction to Passive Investing and Market Conditions 02:59 Eric Burns' Journey to Capital Raising 05:59 The Transition from Active to Passive Investing 08:49 Understanding Capital Raising and Deal Structuring 12:03 The Importance of Due Diligence in Investments 15:00 Navigating Market Cycles and Operator Relationships 17:47 Future Goals and Strategies for Financial Freedom RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 231: Building Wealth Through Outdoor Hospitality with Zander Kempf

    Play Episode Listen Later Nov 7, 2024 37:45


    Zander Kempf is a RV and Glamping Resort focused developer through his firm, Clear Summit Investments. Zander's strategy involves adding value and expanding midsize resorts that are ideal for professional management but remain outside the scope of institutional competition. By rolling up, stabilizing, and branding these properties, Zander aims to create a unique portfolio that reflects his company's adventurous spirit, providing freedom to investors through long term cash flow, and ultimately positioning it for an institutional exit. He is a former US Army officer and paratrooper with an Iraq deployment, and served in Special Forces.  Contact Info: zander@clearsummitinvest.com  Links: Website Insta Youtube Linkedin Tiktok Facebook Twitter Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Zander Kempf, founder and CEO of Clear Summit Investments, who specializes in RV and glamping resorts. They discuss the current market conditions for passive investors, Zander's journey from military service to real estate investing, and the unique opportunities within the RV park sector. Zander explains the business model of RV resorts, including revenue streams and the importance of long-term debt structures. The conversation also covers the tax advantages of RV investments, market trends, and key questions for investors to consider when evaluating opportunities in this asset class. Chapters 00:00 Market Conditions and Passive Investment Opportunities 03:02 Zander Kempf's Journey and Investment Background 05:54 Transitioning to RV and Glamping Resorts 09:00 Understanding RV Parks and Resorts 11:53 Revenue Streams and Business Model of RV Resorts 14:54 Debt Structures in RV Investments 17:55 Investment Strategy and Fund Structure 20:46 Tax Advantages of RV Investments 24:02 Market Trends and Economic Resilience 27:07 Due Diligence and Key Questions for Investors 29:51 Final Thoughts and Resources for Passive Investors RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 230: Preparing for the Worst, Hoping for the Best: Smart Strategies for Passive Investors with Zihao Wang

    Play Episode Listen Later Oct 31, 2024 34:19


    Zihao Wang is the CEO at Motiva Holdings, a vertically-integrated multifamily development firm. Zihao embarked on his real estate journey alongside his family in his teenage years. He began by being the property manager of his family's assets, handling tasks from collecting rents, conducting repairs, and maintaining tenant relationships, before moving onto the acquisitions and capital markets side. Currently, Zihao leads the Diligence and Operations divisions and is responsible for the strategic decisions within MH. Outside of MH, Zihao is actively involved in the Urban Land Institute (ULI), National Multifamily Housing Council (NMHC), and other real estate associations. He is an active speaker at multiple events and conferences including IMN, iGlobal Forum, etc. Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Zihao Wang, founder and CEO of Motiva Holdings. They discuss the current state of the real estate market, particularly for passive investors, and explore Zihao's journey into multifamily syndication. The conversation covers strategies for navigating California's unique challenges, the importance of expanding into new markets, and innovative approaches like ADUs. Zihao shares insights on the current market conditions, future outlook, and valuable advice for new passive investors. Chapters 00:00 Market Overview and Passive Investment Opportunities 02:51 Zihao Wang's Journey into Real Estate 08:41 Expanding Beyond California: New Market Strategies 12:22 Navigating California's Unique Challenges 15:35 Innovative Strategies: ADUs and Mixed Development 19:23 Current Market Conditions and Future Outlook 24:01 Advice for New Passive Investors RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 229: Diversifying Your Portfolio: Real Estate, Startups, and AI Investments with Akash Jain

    Play Episode Listen Later Oct 24, 2024 41:20


    Meet Akash Jain, a seasoned entrepreneur with over 30 years of experience who skillfully blends roles as a fund manager, entrepreneur, strategist, and technologist. After successfully exiting his healthcare startup in 2019, Akash has dedicated his efforts to assisting friends and family in building generational wealth through savvy investments. Since 1999, Akash has diversified his portfolio across commercial real estate, startups, oil and gas, and solar energy. As an influential figure in investment circles, he has contributed to over 100 startups as an angel investor, mentor, and general partner in a Silicon Valley seed-stage startup fund. His expertise in commercial real estate is extensive, with investments spanning multifamily units, retail spaces, land, short-term rentals, car washes, office spaces, and single-family homes, boasting over 600 multifamily units as a lead sponsor. Akash is the visionary Founder and CEO of Multi Asset Generational, a dynamic real estate and private equity fund. Alongside his dedicated team, he collaborates with private equity firms and family offices to syndicate, develop, and invest in various projects, including a recent partnership with an India-based private equity and venture capital fund focusing on startups and unicorns. Further expanding his investment scope, Akash co-founded the Karma Energy Fund, focusing on highly selective oil and gas exploration investments. Currently, he manages over $100 million in assets. Akash earned an MBA in Entrepreneurship from the Kelley School of Business at Indiana University and a Bachelor of Engineering in Computer Science from Pune University. Family is central to Akash's life; he resides in Frisco, TX, with his high school sweetheart and their two sons, nurturing the next generation of thinkers and leaders. Connect with Akash at 972-645-4321 or akash@multiassetgenerational.com Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Akash Jain, a multifamily operator and managing partner of a multi-asset generational fund. They discuss current market conditions, opportunities for passive investors, and Akash's unique strategies in multifamily investing. Akash shares insights on the importance of community in property management, his transition from healthcare to real estate, and his approach to investing in startups and AI. The conversation emphasizes the significance of due diligence and investor education in navigating the real estate and startup landscapes. Chapters 00:00 Market Conditions and Opportunities for Passive Investors 10:01 Akash Jain's Journey and Multifamily Investment Strategy 20:00 Investing in Startups and AI: A New Frontier 30:06 Due Diligence and Investor Education RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 228:Unlocking Global Real Estate: Building Luxury Retreats with Tyler Jordan

    Play Episode Listen Later Oct 17, 2024 40:20


    Tyler Jordan is a managing partner at The Nova Haus with over a decade in the real estate industry as an investor, project manager and now operator. Tyler boasts a remarkable global footprint having lived and worked in 30+ countries to date and whose life revolves around 3 things: Bringing next generation real estate to the market, his wife Madison and the concept of being 1% better everyday. Tyler is originally from Australia, but splits his time between the USA and Australia. Chapters 00:00 Introduction to Luxury Resort Development 05:01 The Evolution of Corporate Retreats 09:59 Building a Community for Success 15:09 Navigating International Real Estate 20:04 Investment Opportunities in Costa Rica 22:02 Ownership and Financing in Costa Rica 24:00 Investment Structure and Returns 26:04 Tax Implications for Investors 28:03 Investor Engagement and Access 29:50 Finding Opportunities and Resources 31:59 Personal Growth and Learning in Investing 34:08 Bucket List and Future Aspirations Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Tyler Jordan, managing partner of the Nova House Real Estate Fund, which specializes in developing luxury resorts for corporate retreats. Tyler shares his journey from Australia to the U.S. and how he discovered the potential of managing real estate projects remotely. The conversation delves into the evolution of corporate retreats, the importance of building a supportive community, and the unique advantages of investing in international real estate, particularly in Costa Rica. Tyler emphasizes the significance of having the right team and connections to navigate the complexities of real estate development. In this conversation, Tyler Jordan discusses the advantages of investing in real estate in Costa Rica, highlighting the cost efficiency of building properties compared to the US. He explains the ownership rights for foreigners, the structure of their investment deals, and the expected returns. The conversation also touches on tax implications, investor engagement strategies, and the importance of personal growth in the investment journey. Tyler shares insights on the significance of due diligence and the value of taking action in passive investing. Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 226: Building Wealth with Build-to-Rent: Unlocking Tax Benefits and High ROI with ChrisTopher Smith

    Play Episode Listen Later Oct 3, 2024 55:28


    ChrisTopher Smith is the founder of CMS Equity and a seasoned real estate expert with over 20 years of experience in building successful projects across 48 states. After growing his construction company, MS Square Construction, by 100X, ChrisTopher transitioned to focus on Build-to-Rent real estate, offering accredited investors exceptional returns and significant tax benefits. His firm, CMS Equity, specializes in guiding investors through every step of the process, from research and underwriting to construction and property management. ChrisTopher is passionate about helping busy professionals redirect underperforming Self-Directed IRAs and 401(k)s into high-return real estate projects, allowing them to maximize their net worth and cash flow while minimizing tax liabilities. Through new construction investments in Maricopa County, the fastest-growing area in the U.S., CMS Equity provides a turnkey solution for investors looking to grow their wealth with zero effort. ChrisTopher's mission is to ensure investors achieve a high ROI while benefiting from tax advantages like accelerated depreciation and 1031 exchanges. Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 225: Navigating Real Estate Cycles: Insights from TREPP's Lonnie Hendry

    Play Episode Listen Later Sep 26, 2024 51:09


    Lonnie Hendry is the Chief Product Officer at Trepp, leading a global team responsible for developing and commercializing Trepp's suite of CRE, CMBS, and CLO products. Since joining in 2019, Lonnie has spearheaded product innovation and business growth, launching multiple successful offerings that help clients achieve strategic goals. He also co-hosts The TreppWire Podcast, a popular CRE podcast with over 1.1 million listens. Recognized for his industry insights, Lonnie is frequently cited by major publications like The Wall Street Journal and Commercial Observer. With 22 years of experience in the commercial real estate industry, Lonnie's expertise spans multifamily management, leasing, brokerage, and appraisal. He is also an adjunct faculty member at Texas Tech University, teaching real estate courses and mentoring future professionals. Lonnie holds a Master's in Real Estate from the University of Texas at Arlington and serves on several advisory boards, contributing to industry leadership and education. Keywords commercial real estate, technology, passive investing, market trends, distressed properties, due diligence, multifamily investments, real estate education, investment strategies, CRE insights Summary In this episode, Randy Smith interviews Lonnie Hendry, Chief Product Officer at TREP, who shares his extensive experience in commercial real estate and the evolving role of technology in the industry. They discuss the cyclical nature of real estate markets, the importance of due diligence for passive investors, and the opportunities presented by distressed properties. Lonnie emphasizes the need for investors to educate themselves and ask the right questions to navigate the current market landscape effectively. The conversation also highlights the resilience of the commercial real estate sector and offers insights into future trends and investment strategies. Chapters 00:00 - Introduction to Lonnie Hendry and His Background 02:34 - The Intersection of Technology and Commercial Real Estate 04:43 - Market Trends and the Cyclical Nature of Real Estate 09:22 - Understanding Distressed Properties and Buying Opportunities 12:51 - Challenges in Turning Around Distressed Assets 17:09 - Due Diligence for Passive Investors 23:38 - Positive Outlooks and Market Resilience 29:35 - Advice for Passive Investors in Today's Market 36:39 - Educational Resources and Final Thoughts RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 224 - Corporate Success to Real Estate Riches: Ken Gee's 27-Year Investment Journey

    Play Episode Listen Later Sep 19, 2024 53:14


    Ken is the Founder and Managing Member of KRI Partners, a real estate private equity and investor education firm. He has more than 26 years of real estate, banking, private equity, and real estate investing experience. Throughout his career, he has been involved in transactions valued at more than $2.0 billion, which has included the acquisition, management, and financing of various multifamily real estate projects. Before forming KRI Partners, Ken was a CPA with Deloitte in their tax & M&A practice. His major clients included some of the largest private equity and real estate firms in the U.S. Prior to his career at Deloitte, he was a commercial lender at a large regional bank in Cleveland (now part of PNC). Before that, he owned and operated several certified Cessna Pilot Centers in the Northeast Ohio area where he trained pilots for the Delta Connection program. Ken is married and has three grown children. He enjoys learning, spending time with his family, and helping people create wealth through real estate so they can enjoy life as he has been able to. Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Ken Gee, founder and president of KRI Partners. Ken shares his journey from being a CPA to a successful real estate investor, discussing the importance of team management, finding the right partners, and the transition to syndication. He emphasizes the significance of building investor confidence through a solid track record and transparency. Ken also shares insights on current market conditions, risk management strategies, and his disciplined approach to investing in multifamily properties in Florida. The conversation concludes with Ken's thoughts on investor education and his personal bucket list experiences. Takeaways Ken transitioned from CPA to real estate investor after realizing he wanted more time with his family. Starting in real estate can be done alongside a full-time job. Team management is crucial for scaling in real estate. Finding the right partners can help overcome initial liquidity and experience challenges. Syndication allowed Ken to expand his business into Florida. Building investor confidence relies on a solid track record and transparency. Ken follows four rules for choosing an operator: experience, track record, transparency, and putting investors first. Current portfolio performance is stable due to disciplined risk management. The market is expected to see increased deal velocity as more assets come to market. Investors should focus on education and understanding the real estate space. Chapters 00:00 - Introduction to Ken Gee and His Journey 02:59 - Transitioning from CPA to Real Estate Investor 05:57 - The Importance of Team and Management in Real Estate 08:52 - Finding the Right Partners and Scaling the Business 12:00 - Syndication and Expanding into Florida 14:50 - Building Investor Confidence and Track Record 17:57 - The Four Rules for Choosing an Operator 20:50 - Current Portfolio Performance and Risk Management 24:00 - Market Outlook and Future Deal Velocity 27:01 - Investor Experience and Fund Structure 30:05 - Final Thoughts and Bucket List Adventures Keywords real estate, investing, syndication, multifamily, portfolio management, investor education, risk management, Florida real estate, CPA, asset management RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 223: Alecia Bolton on Success via Mortgage Note investing!

    Play Episode Listen Later Sep 16, 2024 23:49


    I had the pleasure of interviewing Alecia Bolton and I am excited for you to hear what she has to say about success and Note investing! Alecia has been a real estate investor for over 8 years, focusing on mortgage note investing for the past 2 years. In that time, she's purchased over 500 doors and $1.2M unpaid balance in 1st position residential notes. She's passionate about note investing and will happily talk your ear off on why you should invest in notes. She lives in the Pacific Northwest with her husband, 2 kids, 2 dogs, and 6 chickens. She does no outdoor activities (contrary to popular belief about those who reside in the PNW!). To learn more about Note investing or to support Alecia please reach out via email below! alecia.b@magpiepi.com

    EP 222: Randy Smith and Don Wenner - Dream, Live, Prosper. Setting a New Standard for Real Estate Investing

    Play Episode Listen Later Sep 12, 2024 46:18


    Don Wenner is the Founder & CEO of DLP Capital, a private real estate investment and financial services company focused on making an IMPACT by acquiring, developing, and building relationships, housing, leaders, and organizations. DLP Capital has an expansive array of business divisions and companies including lending, investment funds, sales, leasing, property management, construction management, development, and loan servicing. DLP's purpose is Dream. Live. Prosper. Passionately creating prosperity and making an impact by investing in communities. Highlights: 16 years leading DLP Capital - An investment management company with $4 Billion in AUM Inc. 5000 fastest growing companies - 10 straight years Closed more than 27,000 real estate transactions totaling over $9 Billion Acquired more than 25,000 homes & apartments for over $4.5 Billion Funded more than $4.5 Billion in loans Bestselling author of Building an Elite Organization HIGHLIGHTS IN THIS SHOW:  00:00 - Intro  01:23 - Don's Background  05:21 - Impact Equity Ad  06:55 - Mindset  10:28 - Core Values  18:56 - DLP Capital  22:37 - Attainable Housing  30:02 - Offerings  32:44 - Mindset  37:49 - Final Thoughts  CONNECT WITH OUR GUEST: https://dlpcapital.com/ CONNECT WITH OUR HOST:  Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor ----------------------------------  Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment: http://thegentleartofcrushingit.com/

    EP 221: Unlocking Value in Industrial Real Estate: Michael Ervolina on Industrial Small Bay and IOS Investments

    Play Episode Listen Later Sep 5, 2024 39:05


    Summary Michael Ervolina, founder and principal of Urvo Square, discusses his experience in the small bay industrial and industrial with outdoor storage asset class. He shares his background in finance and real estate, as well as the challenges and opportunities he encountered along the way. Ervolina explains the concept of industrial with outdoor storage and its appeal to businesses that require additional space for parking or storage. He highlights the advantages of investing in small bay industrial properties, including the lower risk and higher cash flow potential. Ervolina also provides insights into the due diligence questions investors should ask and suggests exploring prop tech as an interesting investment opportunity. Keywords small bay industrial, industrial with outdoor storage, real estate investment, value-add investing, triple net leases, due diligence, prop tech Takeaways Small bay industrial and industrial with outdoor storage are attractive asset classes with limited downside and strong fundamentals. Investing in small bay industrial properties offers higher cash flow potential and a deeper tenant pool. Triple net leases in the industrial space protect investors from increases in taxes and operating costs. Due diligence questions for this asset class should focus on alignment of interests, downside protection, and understanding the tenant profile. Exploring prop tech as an investment opportunity in the real estate industry can be promising. Titles The Potential of Prop Tech in the Real Estate Industry Understanding Triple Net Leases in the Industrial Space Sound Bites "Small bay industrial and industrial with outdoor storage have limited downside and the most fundamentally strong asset class." "Investing in small bay industrial properties offers higher cash flow potential and a deeper tenant pool." "Triple net leases in the industrial space protect investors from increases in taxes and operating costs." Chapters 00:00 - Introduction to Michael Ervolina and the Small Bay Industrial Asset Class 10:41 - Understanding Industrial with Outdoor Storage 19:18 - Advantages of Investing in Small Bay Industrial Properties 21:55 - The Benefits of Triple Net Leases in the Industrial Space 33:40 - Due Diligence Questions for Small Bay Industrial Investments 36:21 - Exploring the Potential of Prop Tech in the Real Estate Industry RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 220: Kaitlyn McKay - The 100 Million Dollar Phone Call

    Play Episode Listen Later Sep 2, 2024 31:32


    Kaitlyn McKay is a stay at home mom of four kids, military spouse and real estate investor. She started investing in October 2022 with her first house hack which eventually turned into an Airbnb. She then purchased a small multi family in Anchorage Alaska, and has done mid term and long term rentals there. She is also a small GP in a 172 unit Multi family in New York. She is currently working on capital raising and loves meeting new people every day and entrepreneurial space. Her ultimate goal is to help raise funds for  a nonprofit anti-Human Trafficking group. HIGHLIGHTS IN THE SHOW: 00:00 - Intro 01:05 - Kaitlyn's Background 09:40 - Success 14:35 - Mindset 17:32 - Systems 18:44 - Capital Raising 20:40 - Fast Track Your Success 23:16 - Scarcity vs Abundance 29:16 - Connect 30:38 - Impact Equity LLC Ad CONNECT WITH OUR GUEST: ⁠linkedin.com/in/kaitlyn-mckay-66602247⁠ ⁠https://www.instagram.com/kaitlynlambmckay/⁠ ⁠https://www.facebook.com/kaitlynl3⁠ CONNECT WITH OUR HOST:  Doug is a husband of one, father of six, real estate investor, who is passionate about growth and living life to the fullest! His main goal is to create the life of his dreams and live it on his own terms. He intends on helping as many people as possible to realize this worthy goal for themselves as well. Reach out to him anytime to connect for any reason and you never know he may just have the answer you are looking for! His passions range from his family to being a Christian to studying and implementing success principles, technology, skateboarding, music, and martial arts to name just a few. ⁠https://www.linkedin.com/in/douglas-clark-a13a68191/⁠ ⁠https://www.facebook.com/doug.clark.3785373⁠ ⁠https://www.instagram.com/thedouglasbrianclark/⁠

    EP 219: From X-Games to Real Estate Mogul: Dan Brisse on Building Wealth Beyond Snowboarding

    Play Episode Listen Later Aug 29, 2024 40:10


    Summary Dan Brisse, managing partner of Granite Towers Equity Group and former professional snowboarder, shares his journey from snowboarding to real estate investing. He emphasizes the importance of creating passive income and reducing tax liabilities through real estate investments. Dan discusses the challenges and lessons learned in the multifamily space, including the impact of interest rates and market cycles. He advises passive investors to thoroughly research and build relationships with general partners before investing. Dan also shares his thoughts on Bitcoin as a speculative investment. Keywords real estate investing, passive investing, multifamily, market cycles, interest rates, due diligence, general partners, Bitcoin Takeaways Create passive income and reduce tax liabilities through real estate investments. Understand the impact of interest rates and market cycles on multifamily investments. Thoroughly research and build relationships with general partners before investing. Consider Bitcoin as a speculative investment, but be cautious and understand the risks. Titles Lessons Learned in the Multifamily Space Considering Bitcoin as a Speculative Investment Sound Bites "I started reading every book I could get my hands on financially speaking, started listening to a bunch of different podcasts, ended up going to a bunch of different real estate investing seminars throughout the country." "Understand what's your model and where are you in the real estate cycle? Set your debt up based on that." "You're seeing distressed properties and distressed operators hit the market. The window for buying is open if you've got a reputation and if you can be a firm that can close deals." Chapters 00:00 - Introduction and Background 04:20 - Transitioning from Snowboarding to Real Estate 15:04 - Lessons Learned in the Multifamily Space 23:47 - Market Conditions and Distressed Properties 36:46 - Considering Bitcoin as an Investment RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 218: "House FIRE" author Alan Corey's actionable steps start to start real estate investing

    Play Episode Listen Later Aug 26, 2024 33:03


    "House FIRE" author Alan Corey's actionable steps start to start real estate investing Alan Corey is a three-time author on real estate and wealth building and creator of the House Money Weekly, a free weekly newsletter with actionable and real estate advice.  Known as @RealEstateMaxi online, Alan is currently “maxing out” in real estate managing a $50 million dollar portfolio of over 340+ doors, leads a top-producing Atlanta real estate brokerage team, and teaches investors worldwide on his two podcasts "Stacking Deeds" and "Real Estate Maximalist."  Subscribe to House Money Weekly at⁠ www.realestatemaxi.com⁠. HIGHLIGHTS IN THIS EPISODE 00:00 - Intro 01:39 - Alan's Background 03:51 - Favorite Success 05:23 - House FIRE 05:56 - Alan's Books 05:59 - A million Bucks By 30 06:08 - Subversive Job Search 06:47 - House FIRE 07:58 - FIRE Method 09:21 - Valuable Lessons Learned 12:53 - Creative Financing 15:29 - Overcoming Challenges 18:24 - Fast Track Success 24:00 - What is your Ramen? 25:15 - Mindset 28:12 - Why House FIRE is Alan's favorite book as an author 29:45 - Alan Recommends 31:26 - Connect with Alan 31:44 - House Money Newsletter 32:03 - Real Estate Maximalist Podcast CONNECT WITH OUR GUEST: @RealEstateMaxi on instagram ⁠www.realestatemaxi.com⁠ CONNECT WITH OUR HOST: Doug is a Husband of one, Father of six, Real Estate Investor, who is passionate about growth and living life to the fullest! His main goal is to create the life of his dreams and live it on his own terms. He intends on helping as many people as possible to realize this worthy goal for themselves as well. Reach out to him anytime to connect for any reason and you never know he may just have the answer you are looking for! His passions range from his Family to being a Christian to Studying and Implementing Success Principles, Technology, Skateboarding, Music, and Martial Arts to name just a few. ⁠https://www.linkedin.com/in/douglas-clark-a13a68191/⁠ ⁠https://www.facebook.com/doug.clark.3785373⁠ ⁠https://www.instagram.com/thedouglasbrianclark/⁠ --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment:⁠⁠⁠http://thegentleartofcrushingit.com/⁠

    EP 217: Mastering Multifamily Asset Management: Strategies for Success with Sandhya Seshadri

    Play Episode Listen Later Aug 22, 2024 35:56


    Sandhya Seshadri is an experienced general partner in all aspects of multifamily from broker relationships, underwriting, analysis and raising capital to close syndication deals without delays. Sandhya is a hands-on Operator with a strong focus on asset management after the honeymoon is over to add value to the two different customers in apartment investing who are the Limited Partners as well as Multifamily residents.  Sandhya is invested in 4000+ doors with $140MM+ AUM. In her former life, Sandhya used to actively trade stocks and she has worked for 12+ years at a Fortune 500 company in Dallas, managing $80M projects with budgets in excess of $28M.  Sandhya holds a BS and MS in Electrical Engineering as well as an MBA.   LinkedIn : https://www.linkedin.com/in/engineered-capital?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app Website: https://www.engineered-capital.com/ Diversify investments between real estate and the stock market, and maintain liquidity with at least six months of living expenses. Being a generalist in multifamily syndication allows for a comprehensive understanding of the business and the ability to step into any role. Asset management involves overseeing the strategic aspects of a property, such as underwriting, refinancing, and risk management. Frequent visits to properties and strong relationships with onsite personnel ensure effective communication and a deep understanding of property performance. The market is close to the bottom and prices are expected to go up in the next few years. Look for bargains, such as properties with rents below market value. Focus on delinquency management and customer satisfaction to build a community and achieve high retention rates. Podcasts like the Best Ever Podcast and Old Capital are great resources for education in real estate investing. Ask due diligence questions about past performance and how challenges have been overcome. Invest in personal growth and mindset through resources like Tony Robbins, Ed Mylett, David Goggins, and Ryan Holiday. Consider travel as a bucket list experience and use points to make it more affordable. Diversify investments by putting money into liquid assets and multifamily deals with trusted operators. Chapters 00:00 Introduction and Background 03:13 Diversifying Investments and Balancing Real Estate and the Stock Market 08:15 The Benefits of Being a Generalist in Multifamily Syndication 17:32 The Role of Asset Management in Strategic Property Oversight 25:00 Building Strong Relationships and Understanding Property Performance RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 216: How to Create True Mailbox Money with Randy Smith

    Play Episode Listen Later Aug 20, 2024 39:20


    Randy Smith is the Founder of Impact Equity which was formed to help investors achieve strong results in their passive real estate investing strategies. Randy's main responsibilities include introducing and assisting investors with investment opportunities offered by various real estate investment firms. Randy currently resides in Peoria, Arizona with his wife Jenny, regularly visits his daughter, Molly in Oregon, and he has spent the last 25 years working in various business development and leadership roles in Corporate America. In his most recent role at a Fortune 100 financial services company, he led his organization through numerous product launches achieving various accolades including two President's Club awards and two Chairman's Awards. Randy started his real estate investing career doing out of state, turn-key and BRRRR strategies in the single-family rental space, and he quickly realized the many additional benefits he could receive by switching his strategy to passively investing in multifamily syndications. Randy has now invested in 15 different syndications with 6 different operators which gives him the unique knowledge and expertise to recognize a strong passive opportunity. Randy started his undergraduate studies at Northern Michigan University and holds a Bachelor of Science in Business Marketing from University of Phoenix. Please see links to his Linkedin and Website below. https://www.linkedin.com/in/randallmsmith/ www.impactequity.net

    EP 215: Building Wealth Through Real Estate: Insights from Justin Colby

    Play Episode Listen Later Aug 15, 2024 40:32


    Justin Colby is the founder of The Science of Flipping Podcast and The Science of Flipping Coaching Program and is an active Real Estate investor having flipped over 3000 homes in multiple markets and purchased 4 apartments and a self storage facility in the last year. As a coach and mentor, he has advised 1000s of clients on how to become a real estate investor and is a recognized national public speaker. Summary Justin Colby, founder of the Science of Flipping, shares his expertise on building wealth through real estate. He emphasizes the importance of accumulating wealth while creating income and provides insights on different strategies for achieving this. He also discusses the transition from single-family homes to multifamily properties and the similarities between the two. Colby highlights the need for a strong team and the importance of networking and learning from experienced investors. He concludes by emphasizing the value of analyzing deals and making decisions based on math and numbers. Justin Colby discusses his approach to raising capital and structuring deals in real estate investing. He emphasizes the importance of raising private capital and offering equity to investors. Colby shares his preferred markets for acquisitions and his strategy of focusing on value-add and appreciation. He also discusses his thoughts on the current economy and interest rates. In terms of due diligence, Colby suggests asking about track record, current and past investments, and transparency in sharing information. He emphasizes the importance of living an epic life and experiencing different cultures and places. Finally, Colby mentions that if he had to invest $100,000 in a deal, he would trust his network of friends and colleagues in the industry. Takeaways Accumulate wealth while creating income through real estate Decide what you want and who you need to be to achieve your goals Commit, take action, be uncomfortable, and avoid time expectations Transitioning from single-family homes to multifamily properties is a natural progression Build a strong team and network with experienced investors Analyze deals based on math and numbers Raising private capital and offering equity can be a successful approach to funding real estate deals. Focus on value-add and appreciation when selecting markets for acquisitions. Consider the current economy and interest rates when making investment decisions. Due diligence should include questions about track record, current and past investments, and transparency in sharing information. Strive to live an epic life and experience different cultures and places. Build a network of trusted friends and colleagues in the industry for investment opportunities. Chapters 00:00 Introduction and Background 03:03 Deciding What You Want and Who You Need to Be 08:12 Avoiding Time Expectations 12:52 Transitioning from Single-Family to Multifamily Properties 15:43 The Importance of a Strong Team in Real Estate 19:20 Analyzing Deals: The Math and Numbers 21:43 Strategies for Wealth Accumulation in Real Estate 26:39 Value-Add and Appreciation Strategy 35:47 Living an Epic Life and Cultural Exploration 38:42 Building a Network of Trusted Friends and Colleagues RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor Sound Bites "Start accumulating wealth as you create income" "Decide what you want and who you need to be" "Don't have a time expectation on the result" "No hard money lender would even fund on these because they were just so dilapidated." "I give away equity online because I know one thing is I've been able to reach to the mountaintop by myself in the single family space on the apartment side. I want to bring people with me." "I'm not greedy and I'm happy to win together and do this together."

    EP 214: Brian Luebben - Founder Of The Action Academy Shares Success Secrets

    Play Episode Listen Later Aug 12, 2024 29:55


    Brian Luebben is an Entrepreneur, Podcaster, and Real Estate Investor out of Atlanta, GA. While in college he built his first company (GreekBeats DJ/Entertainment). Shortly after graduating – he made it to the top of a Fortune 500 Company in their Sales Organization, only to realize quickly that living the “corporate america life” for the next 40 years was simply no longer an option. He now runs a successful podcast “⁠The Action Academy⁠” where he talks to seven, eight, and nine figure entrepreneurs on how to earn freedom in life and business. Through his podcast, cash-flowing real estate, and his Media Company (Sexton Media) he now has generated enough revenue via remote income sources to earn him Financial Freedom to do what he wants, when he wants, with who he wants. This lead to him leaving his corporate job in March 2022, hopping on a one way flight, and traveling the world for 6 months straight. His new mission is to help 1,000,000 other people do the same through The Action Academy. ‍A message from Brian: My mission is to help people become wealthy without sacrificing everything to do it. You don't need to sacrifice friendships, family, health, and freedom to hit a number – it can all be baked into the journey. I talk to 8 and 9 figure entrepreneurs daily that help us avoid the mistakes they made on their wealth-building journeys. ‍The goal is not to “retire and lay on a beach”. We are all builders, do-ers, creators. The goal is to achieve enough “passive income” sources to focus on “passionate income” sources. To do and to build what fires you up in the mornings and creates lasting impact. I am doing/building this now as I travel the world with my loved one. ‍I now want to share everything I've learned so that you can have the same freedom! Every bit of info, tips, mindsets, and tricks I learn from my mentors and business will flow through me into you. Please utilize the resources on this site and through the show to earn your freedom. Thank you. HIGHLIGHTS IN THE SHOW: 00:00 - Intro 01:12 - Brian's Background 03:58 - The Action Academy 09:26 - Overcoming Challenges 12:40 - How To Fast Track Success 14:18 - Mindset and Proximity 18:16 - Providing Value 22:01 - Action Academy Ad 22:29 - Brian's Book 28:27 - Connect With Brian CONNECT WITH OUR GUEST: ⁠brianluebben.com⁠ ⁠https://brianluebben.com/newsletter/⁠ ⁠https://brianluebben.com/podcast-2/⁠ ⁠https://www.instagram.com/brianluebben/⁠ CONNECT WITH OUR HOST: Doug is a husband of one, father of six, real estate investor, who is passionate about growth and living life to the fullest! His main goal is to create the life of his dreams and live it on his own terms. He intends on helping as many people as possible to realize this worthy goal for themselves as well. Reach out to him anytime to connect for any reason and you never know he may just have the answer you are looking for! His passions range from his family to being a Christian to studying and implementing success principles, technology, skateboarding, music, and martial arts to name just a few. ⁠https://www.linkedin.com/in/douglas-clark-a13a68191/⁠ ⁠https://www.facebook.com/doug.clark.3785373⁠ ⁠https://www.instagram.com/thedouglasbrianclark/ ⁠ ---------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, comment:⁠ ⁠⁠http://thegentleartofcrushingit.com/⁠

    EP 213: From Sales to Syndication: Mastering ADU Developments with Mark Doty

    Play Episode Listen Later Aug 8, 2024 36:59


    Mark Doty is married with three kids and lives in San Diego, CA.  He left a successful career in Medical Device Sales to become a real estate developer in 2021.  He combines various rental models with the new ADU regulations on his infill projects.  He's complete 12 projects in San Diego and is building a team to buy, build and improve $50 million dollars of San Diego real estate over the next 3 years.  You can find him on YouTube, LinkedIn or at his website to learn more (DotyCapitalGroup.com) Chapters 00:00 - Intro 02:59 - ADU Development: Addressing the Housing Crisis 06:23 - Finding Properties for ADU Development 08:32 - Zoning and Increasing Density for ADU Projects 11:16 - Financial Aspects of ADU Projects 15:06 - Investing in ADU Projects: Returns and Strategies Takeaways Mark Doty transitioned from a corporate job to full-time real estate investing and found success in ADU development in San Diego. ADU development addresses the affordable housing crisis in California by utilizing existing infrastructure and increasing housing density. Finding properties suitable for ADU development involves looking for small houses on large flat lots and considering proximity to public transportation. The financial aspect of ADU projects includes the potential for high returns through increased property value and the option to sell or hold the assets. Investors in ADU projects can expect a higher return on investment at the end of the project rather than regular monthly cash flow. Mark Doty is developing a mid-rise apartment complex in San Diego by converting a single-family house and building additional ADUs in the front yard. The project is aimed at accredited investors who are looking for long-term returns. Investors can expect quarterly updates during the entitlement process, which can take up to a year. The project is a development and sell strategy, with a goal of doubling the investment in five years. Understanding zoning regulations and conducting thorough due diligence are crucial in this type of development project. RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 212: From Craigslist Roommates to $2.7B in AUM in Multifamily - Joe Fairless

    Play Episode Listen Later Aug 1, 2024 38:28


    Joe Fairless is the Co-founder of Ashcroft Capital which has over $2,700,000,000 of assets under management. In addition to his work with Ashcroft Capital, Joe created the podcast Best Real Estate Investing Advice Ever Show, which is the longest running daily real estate podcast in the worldJoe is a proud Member of the Texas Tech Alumni Advisor Board for the College of Media and Communication. He has also been recognized as Outstanding Alumni at Texas Tech University where he served as an Adjunct Professor. Joe is currently a Junior Achievement Board Member and Volunteer for the Cincinnati chapter where he was recognized by the Junior Achievement's Free Enterprise Society for his dedication. Joe also volunteers at Crossroads Hospice and in 2018 he was recognized as Multifamily Investor of the Year by Think Realty Magazine. Summary Joe Fairless, co-founder of Ashcroft Capital, shares his journey from single-family homes to multifamily syndication. He discusses the challenges he faced, including a 168-unit property that lost money, and the lessons he learned along the way. Joe emphasizes the importance of having a plan and believing in the operator's ability to execute that plan when considering a capital call. He also provides insights into the current multifamily market, highlighting the upcoming under supply of apartments and the potential for increased demand and valuations in the future. Keywords multifamily syndication, capital call, under supply of apartments, demand dynamics, due diligence, personal development Takeaways Having a plan and believing in the operator's ability to execute the plan are crucial when considering a capital call. The multifamily market is expected to experience an under supply of apartments in the future, leading to increased demand and valuations. When conducting due diligence, it is important to focus on NOI growth to isolate cap compression from the execution of the business plan. Investing in personal development can provide long-term benefits and pay bigger dividends than one-off investments. Taking action and making the decision to make a passive investment can lead to great satisfaction and the desire to start sooner. Titles Taking Action and Making the Decision to Invest Passively The Importance of Having a Plan and Believing in the Operator Sound Bites "Having a plan and believing in the operator's ability to execute the plan." "We're about to have more demand than supply. So in theory, prices will go up, which will help the valuations for any apartment community." "Focus on development of myself and then that will pay bigger dividends than any one-off investment would." Chapters 00:00 - Introduction to Joe Fairless and Ashcroft Capital 06:35 - Transition from Single-Family Homes to Multifamily Syndication 09:02 - Lessons Learned from a Challenging 168-Unit Property 17:01 - Current Portfolio and Capital Calls 25:46 - The Future of the Multifamily Market 32:19 - Navigating Capital Calls and Pause Distributions 35:15 - Due Diligence and Personal Development 37:23 - Investing in Personal Development Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 211: The Power of Networking in Multifamily Investing

    Play Episode Listen Later Jul 29, 2024 7:25


    Takeaways Networking is essential in real estate investing, particularly in multifamily. Building a team with different strengths and skills is important for success in multifamily investing. Networking can lead to opportunities for deal sourcing and raising money. In-person events and online platforms are effective ways to network. Providing value to others and building relationships is crucial in successful networking. Joining a mastermind group can provide networking opportunities and learning experiences. Titles Building a Strong Team for Multifamily Investing The Importance of Networking in Real Estate Investing Sound Bites "Real estate investing is a team sport." "Networking is powerful because as you put your name out there, people are going to begin to bring deals to you." "That's enough reason for you to be networking right there, reaching out and meeting with people." Chapters 00:00 - The Importance of Networking in Real Estate Investing 02:23 - Building a Strong Team for Multifamily Investing 03:19 - Opportunities for Deal Sourcing and Raising Money through Networking 04:13 - Effective Ways to Network: In-Person Events and Online Platforms 05:12 - Providing Value and Building Relationships in Networking 06:04 - The Benefits of Joining a Mastermind Group for Networking Keywords networking, real estate investing, multifamily, team, collaboration, accountability, deal sourcing, raising money, in-person events, meetups, conferences, online platforms, Facebook, LinkedIn, mastermind group

    EP 210: Why Mobile Home Parks Are the Next Big Thing in Real Estate Investing with Chris Larsen

    Play Episode Listen Later Jul 25, 2024 52:39


    Christopher Larsen is the founder and Principal of Next-Level Income. Since “retiring” after 18 years in the medical device industry, he now dedicates himself to guiding others to financial independence through education and strategic investments. With over 20 years of real estate expertise, Chris began his journey at 21, acquiring his first single-family rental while pursuing degrees in Biomechanical Engineering and Finance at Virginia Tech. Since then, he's navigated diverse real estate ventures, from development and private lending to syndicating over $1.5 billion in commercial properties since 2016. Based in Asheville, NC, Chris, his wife, two boys, and their spirited Viszla, Lucy, embrace the outdoors and the rich food and culture of the region. Chris embodies the Next-Level lifestyle, where financial freedom meets adventure on the path to success. Keywords Chris Larson, Next Level Income, real estate investment, financial freedom, professional cyclist, single-family properties, multifamily properties, mobile home parks, affordability, pride of ownership, roll-up strategy, significant returns, mobile home parks, institutions, investing, risks, park-owned homes, tenant-owned homes, returns, due diligence, bucket list, book recommendation Takeaways Financial freedom is essential for living life on your own terms. Investing in mobile home parks can provide significant returns and is supported by demographic trends. Mobile home parks offer affordability and pride of ownership for residents. The roll-up strategy in the mobile home park business can increase the value of a portfolio. Mobile home parks are a unique asset class that can round out a real estate investment portfolio. Institutions typically require a minimum check size of $5 million to $10 million to invest in mobile home parks. The risk of municipalities closing down parks is low if the park is in compliance with regulations and if it provides affordable housing. Banks and institutions prefer parks with a higher percentage of tenant-owned homes rather than park-owned homes. Investors can expect high single-digit cash flow and high teen returns from mobile home parks. Due diligence questions for passive investors include determining the asset class and strategy, evaluating the operator's experience, and understanding the worst-case scenario and exit options. Chris recommends the book 'The Secret Life of Real Estate and Banking' by Philip Anderson as an important educational resource for passive investors. Chapters 00:00 - Introduction and Background 05:32 - The Correlation Between Sports Discipline and Real Estate Success 09:49 - Transition to Medical Device Sales 13:17 - Transition from Single-Family to Multifamily Properties 23:53 - Focus on Mobile Home Parks 27:09 - Benefits of Investing in Mobile Home Parks 29:29 - The Roll-Up Strategy in the Mobile Home Park Business 30:30 - Institutional Investment in Mobile Home Parks 31:29 - Risks and Drawbacks of Owning Mobile Home Parks 35:24 - Park-Owned Homes vs. Tenant-Owned Homes 39:05 - Expected Returns for Investors in Mobile Home Parks 44:43 - Important Due Diligence Questions for Passive Investors 48:43 - Chris Larsen's Bucket List Items Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    EP 209: Clayton Hepler $600K per year investing in land

    Play Episode Listen Later Jul 23, 2024 42:18


    Clayton Heller became a land investor out of necessity. This was never a side hustle for him. In 2022 his wife's company went under the day before Thanksgiving- a company that paid the bills as he was building a multifamily real estate portfolio in Pittsburgh. And as he approached one of the most important years of their lives- having to pay for their wedding, honeymoon, a new house, and daily life and a newly purchased vacation rental property with a huge overhead staring them in the face, he had to make lots of money, very fast. Through land investing he was able to “build the plane on the way down”, as he and his wife were plummeting toward what seemed like inevitable bankruptcy. He was able to pay for his life, and more - and set his family up for financial stability. Realizing financial stability and ultimately - financial freedom, is possible through land investing. Summary In this episode, Doug interviews Clay Hepler, a successful land investor and entrepreneur. Clay shares his experience of becoming a father while running a business and the unique challenges and joys that come with it. He emphasizes the importance of being present and prioritizing the highest value tasks in business. Clay also discusses his journey in land investing and the mindset shift required to achieve success. He recommends books like '80/20' by Richard Koch, 'Meditations' by Marcus Aurelius, and 'Killing Sacred Cows' by Garrett Gunderson. Clay offers a free land investing newsletter and plans to launch a course in the future. Keywords land investing, entrepreneurship, fatherhood, presence, prioritization, success, mindset, books, newsletter Takeaways Being a father and an entrepreneur requires balancing ambitions and priorities. Success is about choosing your win and focusing on the highest value tasks. Actions define who you are more than thoughts or words. Investing in yourself and having a supportive partner are keys to success. Recommended books: '80/20' by Richard Koch, 'Meditations' by Marcus Aurelius, and 'Killing Sacred Cows' by Garrett Gunderson. Titles Actions Define Who You Are Recommended Books for Success Sound Bites "Being a father and an entrepreneur is this really unique friction." "Sometimes in order to scale, you have to do it better. You have to be more present. You have to do it cleaner." "The person that you choose as your partner is the single most important decision in your life." Chapters 00:00 - Introduction and Background 02:38 - The Unique Friction of Being a Father and an Entrepreneur 04:21 - Choosing Your Win and Focusing on High-Value Tasks 09:16 - Actions Define Who You Are 16:28 - Investing in Yourself and Having a Supportive Partner 38:42 - Conclusion and How to Connect with Clay DOUG CLARK Doug Clark is a husband of one, father of six, real estate investor, who is passionate about growth and living life to the fullest! His main goal is to create the life of his dreams and live it on his own terms. He intends on helping as many people as possible to realize this worthy goal for themselves as well. Reach out to him anytime to connect for any reason and you never know he may just have the answer you are looking for! His passions range from his family to being a Christian to studying and implementing success principles, technology, skateboarding, music, and martial arts to name just a few. https://www.linkedin.com/in/douglas-clark-a13a68191/ https://www.facebook.com/doug.clark.3785373 https://www.instagram.com/thedouglasbrianclark/

    EP 208: Yonah Weiss - Tax Benefits From The Cost Seg King

    Play Episode Listen Later Jul 18, 2024 37:04


    Yonah Weiss is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He's a real estate investor and host of the top podcast Weiss Advice. HIGHLIGHTS FROM THE EPISODE 00:00 – Intro 01:11 – Welcome Yonah to the show 01:25 – He talks about his background 09:56 – Transition into Passive Investment 11:51 – Experiences with different people 12:49 – Thoughts on the investing situations of today 15:26 – His explanation on Cost Segregation 18:17 – He talks about Real Estate 22:51 – Thoughts on Short Term Rentals 32:27 – Recommendations 34:33 – Final thoughts LINKS: Tax free wealth: https://www.amazon.com/Tax-Free-Wealth-Permanently-Lowering-Advisors/dp/1937832058 CONNECT WITH THE GUEST Website: https://www.yonahweiss.com/ Instagram: https://www.instagram.com/yonahweiss/ Linkedin: https://www.linkedin.com/in/cost-segregation-yonah-weiss/ Twitter: https://twitter.com/YonahWeiss CONNECT WITH THE HOST Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @salesguyinvestor --------------------------------------------------------------------------------------------------------------------------- Follow us on social media @the.gentle.art.of.crushing.it Listen, like, subscribe, and comment: http://thegentleartofcrushingit.com/

    EP 207: Mastering Passive Income: From Engineering to Real Estate Success with Sanjoy Dey

    Play Episode Listen Later Jul 11, 2024 36:12


    Summary Sanjoy Dey, a retired engineer and passive investor, shares his journey into multifamily investing and his plans for the future. He discusses the advantages of multifamily investing compared to single-family investing and the different roles one can play in the industry. Sanjoy emphasizes the importance of investing passively first to gain experience and knowledge before becoming an active investor. He also highlights the significance of due diligence and asks important questions about reserves, break-even occupancy, crime rates, and demographics. Sanjoy shares his optimism about the market and the potential for future investments. Keywords multifamily investing, passive investing, active investing, due diligence, reserves, break-even occupancy, crime rates, demographics, market Takeaways Multifamily investing offers scalability and the opportunity to play different roles as a general partner or limited partner. Investing passively first allows for gaining experience and knowledge before becoming an active investor. Due diligence is crucial and involves asking important questions about reserves, break-even occupancy, crime rates, and demographics. The market is currently challenging, but there are opportunities for investors, especially with distressed deals. A decrease in interest rates can trigger a wave of new investors and buyers in the market. Titles Key Questions for Due Diligence The Advantages of Multifamily Investing Sound Bites "I'm looking forward to increase my investor base and to help more people, actually." "Academies are not only to become a general partner. Even if you want to invest wisely as a limited partner, then also you need to go to these academies." "You have to actually withstand the headwind. You have to tackle it with your all other kind of innovative maneuvers. And you have to see to survive so that the headwind will pass by and then the better time will come again." Chapters 00:00Introduction and Background 03:05The Advantages of Multifamily Investing 09:00The Importance of Investing Passively First 16:31Key Questions for Due Diligence 25:04The Potential Impact of Decreasing Interest Rates 34:14Conclusion and Final Thoughts RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

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