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HAND RECAP (5 handed, final table, 100K/200K blinds - 200K BB ante)Viktor “Isildur1” Blom (14M chips) raises to 700K from the Small Blind with K♦ 4♠. Jesse Lonis (9.5M chips) calls from the Big Blind with A♠ 3♠.(Stack size notes: Blom and Lonis are in 2nd and 3rd chip position. The chip leader has 20M. There are two relatively short stacks.)The flop is 4♣ 4♥ 3♣. Blom bets 400K. Lonis calls.Turn 6♠. Blom bets 1.45M. Lonis calls.River Q♠. Blom bets 3.25M. Lonis folds.Get 33% off Aaron Barone's exclusive training content in the Upswing Lab during the WSOP Winners Sale* at https://upswingpoker.com/the-poker-lab-coaching*Expires when the 2024 WSOP Main Event ends!Watch the full final table at https://www.pokergo.com/Video Version of This Episode | Written Version of This EpisodeSubscribe to Upswing Poker on YouTube for Video Versions of These Episodes

Let's analyze WSOP final table hands with over $400K on the line! Want to fast-track your tournament poker skills? Get in the Upswing Lab to get access to Aaron Barone's exclusive training content: https://upswingpoker.com/the-poker-lab-coaching/ Video Version of This Episode | Written Version of This Episode Event #12 $1,500 6-Max Payouts: 1st - $439K | 2nd - $293K | 3rd - $210K | 4th - $153K | 5th - $112K | 6th - $83K | 7th - 63KHAND #1 (7 players left 100K/200K blinds - 200K BB ante)Spasov raises to 400K from UTG w/ T♦ T♣. Dube folds K♦ Q♥ from UTG+1. Only Fan calls from BB with A♠ J♥.(Stack size notes: Spasov has 8M chips and is in 5th. Dube has 9M chips and is in 3rd. Fan has 11.5M chips and is in 2nd. There is a very short stack with 1.3M chips.)Flop J♣ T♠ 3♦. Fan checks. Spasov bets 350K. Fan calls.Turn 3♥. Fan leads for 500K. Spasov calls.River 2♦. Fan bets 850K. Spasov raises all-in for 4.45M. Fan calls.HAND #2 (5 players left 150K/300K blinds - 300K BB ante)Fan raises to 650K from the Button w/ A♣ 6♣. Spasov calls from the SB w/ 9♥ 8♥. Dube calls from the BB w/ 4♦ 2♦.(Stack size notes: Fan has 8M chips and is in 3rd. Spasov has 21M in chips and is in 2nd. Dube has 6M in chips and is in 4th. The shortest stack has 3M chips.Flop A♠ T♦ 5♠. Checks around.Turn J♦. Spasov bets 1.1M. Dube folds his straight+flush draw. Fan calls.River 8♣. Spasov bets 5.7M all-in (1.3x pot). Fan folds.Watch the full final table at https://www.pokergo.com/Subscribe to Upswing Poker on YouTube for Video Versions of These Episodes

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The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole.  Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: How Pal sees crypto as creating a new parallel financial system that a spot Bitcoin ETF will soon offer entrée to  what he believes will be the key catalysts for the upcoming bull market in crypto why Raoul is predicting a "very strong 2024" for the crypto market, including his outlook for the price of Bitcoin how he thinks investors and institutions will respond to the potential launch of an ETH spot ETF why Raoul is bullish on both Ethereum and Solana what developments in the Solana ecosystem are making Raoul particularly optimistic which network Raoul expects to emerge as the winner in the blockchain space why he views BRC-20s and Ordinals inscriptions as positive developments for Bitcoin Thank you to our sponsors! Arbitrum Foundation Phemex Popcorn Network Guest Raoul Pal, cofounder and CEO of Real Vision Links Bitcoin ETF and markets: Unchained:  Bitcoin Surges Past $40,000 for First Time Since April 2022 Signs Increasingly Point to January Approval of Spot Bitcoin ETF Applications 77% of Financial Advisors Are Waiting for a Spot Bitcoin ETF to Offer Their Clients How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF The Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETF Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work? Ordinals and BRC-20s Unchained:  Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market Value Bitcoin Mempool Reaches Record Levels of Congestion Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? Bitcoin's BRC-20 Mania: Is It Sustainable? Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin Learn more:  What Are BRC-20 Tokens?  What Are ORC-20 Tokens?  How to Create a Bitcoin Ordinal Solana vs. ETH Unchained: Anatoly Yakovenko on Solana's Astounding Recovery and Its Future Plans Learn more about your ad choices. Visit megaphone.fm/adchoices

Pal describes the likely scenarios for where Bitcoin's price goes next year, and also discusses the relative merits of Ether vs. Solana and the usefulness of BRC-20 tokens. The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.Show highlights | How Pal sees crypto as creating a new parallel financial system that a spot Bitcoin ETF will soon offer entrée to What he believes will be the key catalysts for the upcoming bull market in cryptoWhy Raoul is predicting a "very strong 2024" for the crypto market, including his outlook for the price of BitcoinHow he thinks investors and institutions will respond to the potential launch of an ETH spot ETFWhy Raoul is bullish on both Ethereum and SolanaWhat developments in the Solana ecosystem are making Raoul particularly optimisticWhich network Raoul expects to emerge as the winner in the blockchain spaceWhy he views BRC-20s and Ordinals inscriptions as positive developments for BitcoinThank you to our sponsors! Arbitrum Foundation | Phemex | Popcorn NetworkGuest | Raoul Pal, cofounder and CEO of Real VisionLinks | Bitcoin ETF and markets: Unchained: Bitcoin Surges Past $40,000 for First Time Since April 2022Signs Increasingly Point to January Approval of Spot Bitcoin ETF Applications77% of Financial Advisors Are Waiting for a Spot Bitcoin ETF to Offer Their ClientsHow Much Money Will Flow Into Bitcoin ETFs? Here's One ProjectionWhy a Spot Bitcoin ETF Will Probably Launch No Later Than January 10Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETFThe Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETFLearn more: Bitcoin ETFs Explained: What Are They & How Do They Work?Ordinals and BRC-20sUnchained: Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market ValueBitcoin Mempool Reaches Record Levels of CongestionBitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About?Bitcoin's BRC-20 Mania: Is It Sustainable?Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to BitcoinLearn more: What Are BRC-20 Tokens? What Are ORC-20 Tokens? How to Create a Bitcoin OrdinalSolana vs. ETHUnchained: Anatoly Yakovenko on Solana's Astounding Recovery and Its Future PlansUnchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Unchained is running its annual survey to better serve you. Please answer our annual survey here. The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole.  Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. Show highlights: How Pal sees crypto as creating a new parallel financial system that a spot Bitcoin ETF will soon offer entrée to  what he believes will be the key catalysts for the upcoming bull market in crypto why Raoul is predicting a "very strong 2024" for the crypto market, including his outlook for the price of Bitcoin how he thinks investors and institutions will respond to the potential launch of an ETH spot ETF why Raoul is bullish on both Ethereum and Solana what developments in the Solana ecosystem are making Raoul particularly optimistic which network Raoul expects to emerge as the winner in the blockchain space why he views BRC-20s and Ordinals inscriptions as positive developments for Bitcoin Thank you to our sponsors! Arbitrum Foundation Phemex Popcorn Network Guest Raoul Pal, cofounder and CEO of Real Vision Links Bitcoin ETF and markets: Unchained:  Bitcoin Surges Past $40,000 for First Time Since April 2022 Signs Increasingly Point to January Approval of Spot Bitcoin ETF Applications 77% of Financial Advisors Are Waiting for a Spot Bitcoin ETF to Offer Their Clients How Much Money Will Flow Into Bitcoin ETFs? Here's One Projection Why a Spot Bitcoin ETF Will Probably Launch No Later Than January 10 Why It Looks Like BlackRock Could Win America's First Spot Bitcoin ETF The Chopping Block: Are We Back? The ‘Low IQ' Response to the Potential Spot Bitcoin ETF Learn more: Bitcoin ETFs Explained: What Are They & How Do They Work? Ordinals and BRC-20s Unchained:  Bitcoin Ordinals-Related Token ORDI Passes $1 Billion in Market Value Bitcoin Mempool Reaches Record Levels of Congestion Bitcoin Ordinal NFTs Are Hot and Getting Hotter. What's the Hype About? Bitcoin's BRC-20 Mania: Is It Sustainable? Why All 10,000 OnChainMonkey NFTs Will Move From Ethereum to Bitcoin Learn more:  What Are BRC-20 Tokens?  What Are ORC-20 Tokens?  How to Create a Bitcoin Ordinal Solana vs. ETH Unchained: Anatoly Yakovenko on Solana's Astounding Recovery and Its Future Plans Learn more about your ad choices. Visit megaphone.fm/adchoices

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6 years out of training this doctor is back to broke! With an income range between $100K- $200K, what helped her the most was bargaining hard for more pay. Increasing your income can speed you up on your financial goals. Learn 3 tips for negotiating here: https://www.whitecoatinvestor.com/3-negotiation-tips/  SoFi has exclusive rates and offers for Medical Professionals, which could help you save thousands by refinancing your student loans. If you're still in residency, SoFi offers a lowered interest rate and the ability to reduce your payment to just $100 per month while in school. If you're out of residency, SoFi's great rates could help you save money and get on the road to financial freedom. Check out their payment plans and interest rates at https://sofi.com/whitecoatinvestorpod  SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. Additional terms and conditions may apply. NMLS 696891  The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones  Main Website: https://www.whitecoatinvestor.com  Student Loan Advice: https://studentloanadvice.com  YouTube: https://www.whitecoatinvestor.com/youtube  Facebook: https://www.facebook.com/thewhitecoatinvestor  Twitter: https://twitter.com/WCInvestor  Instagram: https://www.instagram.com/thewhitecoatinvestor  Subreddit: https://www.reddit.com/r/whitecoatinvestor  Online Courses: https://whitecoatinvestor.teachable.com  Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter 

As we are all packed with work and having all kinds of issues I thought Michael Giarrizzo would be the best person to come on and talk about the lean processes he is known for running 65 stores for Sterling and training them to be lean and efficient. How is he handling these bottlenecks in production, parts issues and more?  He shares with us his insight!Michael is the president and CEO of DCR Systems where they have 7 locations in 5 states that are dealer based and the stores all range in sales from $100K-$200K/mo, $200K-$350K/mo and his largest shop does $600-$800k/mo. As someone who can speak with authority on the hot topics of today...Michael gives us some great food for thought and a fantastic take-away each shop needs to do ASAP!Contact Michael directly - Email: mgiarrizzo@dcrsystems.netWebsite: https://www.dcrsystems.com_____________________________ Connect with Micki on LinkedIn Now! :) https://www.linkedin.com/in/micki-woods-36374121/ Subscribe to the Body Bangin' YouTube Channel: HEREFor more info on Micki's Marketing Services to help you grow your shop's revenue click here: https://collisioncentermarketing.comEmail Micki directly at micki@mickiwoodsmarketing.com _____________________________ To suggest any topics of discussion, to be a guest on Body Bangin', or for sponsorship opportunities please email the Micki Woods Marketing team at office@mickiwoods.comSupport the show

Pretty Rich Sheila Bella shares with Get Your FILL, Financial Independence and Long Life listeners her journey from the Philippines to East LA to the owner of two 7-figure businesses with the help of social media and a #MillionaireMindset. ABOUT Sheila Bella - in her own words Hi I'm Sheila! I don't come from money. I'm not married to money. But I was able to figure out how to make $100K-$200K a month in revenue through strategy, passion, and grit! I'm obsessed with helping other beauty bosses make moolah while they play with hair, nails and makeup! I love beauty marketing! I am beauty marketing! I built Pretty Rich as an oasis for beauty bosses to feel safe and supported. I created a million dollar beauty business in less than 3 years and getting here wasn't without it's twists and turns. I know the value of a mentor and a tribe. So, you're a beauty entrepreneur, that's great! But because you've chosen this path you must be a lot like me: a little wild, crazy artistic, willing to take risks, full of love and ready to be super successful. Why not? Coz you know it's in you. You know it's who you are. The thing is... the ride to the top can be so much less scary, and not to mention faster, when someone is holding your hand. You need to have strategy, not just hustle. You need to be nurtured and groomed to become the beauty boss you know you are deep down inside. You need someone who's been there to teach you how to work smarter and not just harder. That's where I come in. Watch the interview video Visit Sheila's website

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James: Hey audience and listeners, this is James Kandasamy from Achieve Wealth Through Value Add Real Estate Investing Podcast. Today I have Rama Krishna from California. Rama has been focusing a lot on apartment purchases which is averaging around 30 to 40 a units and at the largest you have done were 59 units. So it's going to be very interesting especially for a lot of people who are trying to get into the game and also looking for like high cash flow as well, you're going to go detail on why sometimes the smaller deals makes a lot more money than larger deals. So hey Rama, welcome to the show.  Rama: Thank you James. Thank you for having me.  James: And one of the things that we want to talk about apart from going into Rama's strategies and businesses, we want to go into what asset manager can do during these Covid19 crisis that has been happening right now. Hopefully I can publish this podcast as soon as possible. But I'm sure it's going to be very relevant because it's going to take a few months for this crisis to subside I guess, it may take a few more quarters to fully subside. So Rama, did I miss out anything on your credentials?  Rama: No, not much I think. So just to kind of re-summarize, I am based out of California in the corporate Bay area of San Francisco, an IT professional. So just to recap like 90 seconds. I started like from real estate two years back started from single family homes and I always want to actually to do Real Estate but the problem is in Bay Area, really hot market. I cannot get any cash flow. It's kind of very hard to find deals and I didn't want to do out of state because I have a very stressful IT job here. I cannot travel out of state to do these things. I was postponing doing real estate for so long time, but three years back kind of pull the trigger, bought my two single family homes, one in Raleigh and Atlanta, that's where it started and quickly realized that I cannot scale with single family homes and got into multifamily, bought eight apartment complexes between 20 to 80 units. That's a more like a sweet spot for me. Like doing the deals. We can go further into that. One thing, we started, we didn't talk before is that construction projects, two new construction projects, 97 and 92 units in Raleigh, Durham, North Carolina. So they are like devalue adds, value adds and the new construction mostly into that existing apartments and new developments.  James: Got it. That's very interesting. I think we should just definitely talk about you and maybe do a separate podcast for the Covid19 asset management because there's so much of information that I want to get from you and I think the Covid19 thing is also very important. So that's going to be another podcast maybe before or after this. So let's go into details; the market that you have been focusing on that, I know we talk offline before this is Florida, Kansas City and Ohio, and you are sitting in California. At what point of your work, you are very stressful IT guy. I mean, I was a stressful IT guy too. What was that aha moment saying that hey, I better go buy something else or did you play around with stocks and realize stocks is not for you? So what was that aha moment that said that you need to go and focus on buying a multifamily apartments?  Rama: So I did two businesses, IT businesses, products and the consulting business. I did stocks, options and everything. It was a lot of active businesses, I need to be there, and I am really active, let’s say if somebody can start restaurants, like franchises, you need to be there in that actively. So you are there to be part of the business, then you cannot succeed in that. Even IT businesses or consulting or product development, everything is active here. Even where a lot of people have a lot of money from IT as freelancing or like full time jobs, but the problem is if they stop going Monday morning they cannot make money. That's the main part for me to getting into the Real Estate and then I bought these single family homes, I'm getting like $200, $300 for each single family home as a cash flow. But then I wanted to scale it, but at the same time I thought I cannot scale it. The problem with apartments at the time for me personally living in Bay area, these apartment complexes are so expensive. These are like 20, 30, 40, $50 million. I didn't even know that we can buy a apartment complexes. The two things, kind of the aha moment for me is we can buy apartments as a common man with syndication. Syndication is another thing. I was buying single family homes myself and I know a lot of my friends actually buying single family homes out of state. They buy in Texas, North California; they buy everywhere all the single family homes. But if you combined 10, 20, 30 people combined, we can actually buy larger complexes, larger commercial properties. That was a [05:17unclear] the syndication itself was an aha moment for me.  James: Was that from someone talking to you or from bigger pockets or you're talking about syndication or what happened? How did you find it out? Rama: I learned about this syndication with a webinar from Neil Baba, you know Neil? He was having this weekly or acting monthly multifamily fundamentals webinar. So two years back in November 2017, I had this is a webinar from him and the moment that I did the webinar, I first reached out to him Neil, I want to meet you, this is really good, this is crazy. Then met in a Starbucks in Fremont and I told him after this Neil I want to learn this thing. This is exactly what I wanted to do and he said there's a boot camp coming up. He would come in February and I said I'm going to sign up on that. That's when it kind of started, kind of working from single families to multi families.  James: Got it. What were the few key things in that discussion with Neil that you have was like, wow, this is suitable for me. What was your personal thing that you think that oh, this is very interesting for me. What are the aspects of syndication that was very attractive to you that you think [06:40unclear]. Rama: Three things, Oral apartments is a kind of a scale in the single family home model that what I'm thinking. I know the real estate passive income, but then I cannot buy a hundred, 200, 300 single family homes. The first thing is scale. The second thing is run as a business, like I did my IT businesses before. So apartments is also a business, you need to increase your income, decrease your expenses, and then efficiently run your operations. Make sure that you know everything like people management and you talk to your property managers and investors and your brokers and seeing like identifying this analysis, everything. Run it as a business. Third thing aspect is a syndication model itself. I have like hundreds of friends here and other acquaintances, old colleagues, a lot of people are high net worth individuals. If I can prove myself in this business, I can definitely syndicate and raise capital. So those are the three main aspects for me that kind of struck the card when was talking to him and also the fundamental thing, hey we can buy larger complexes like this. Like I was not even imagining the common man can buy apartments. Those are the three main aspects.  James: Got it. So now you're sitting in California, after you talk to Neil you come out and you already go to his boot camp. Why you went from California to Florida, Kansas City and Ohio? Which deal did you buy for us? Which state was that?  Rama: For my multifamily?  James: Yeah. Multifamily.  Rama: The first five deals, I bought it in Jacksonville, Florida.  James: Okay. Why Jacksonville, Florida? Why not Las Vegas or Utah or Texas? Or is it just that you landed there by luck? Rama: So I want to actually buy a multifamily in Raleigh, Durham and Atlanta because that's where I started. When I started researching about markets for my single family homes, with all the research I did, I picked these two markets, Raleigh and Durham.  James: Okay. What are the things you saw in Raleigh, Durham and Atlanta that were like awesome [08:49unclear].  Rama: Some of it I think was I'm reading all the articles and reading all the articles and everything with the technology stuff happening also there and jobs moving in, I didn't actually connect the dots at the time, When I did the boot camp from Neil then I was able to connect the dots and say hey, these are good markets. Then I was started offering on deals in North Carolina and Atlanta. Like none of them were pencilling out, like what is this? Even two, three years back it's not working out. I can't imagine now, maybe like with Corona, it's never kind of worked out for me because I never purchased in the last three years. When I started multifamily again I started looking into these two markets, Raleigh, Durham and Atlanta. I was offering ton of properties. I visited brokers’ network. Either the deals are like C minus, really bad locations or bad tenant profile. The income is bad, which numbers are working on but the thing is I don't know how to do the deals there or it's too expensive where it just didn't work out for me.  The vision for Jacksonville is when I was trying to expand markets from single family homes, I was looking at Austin and somehow actually got into Jacksonville because of the property manager or the property manager was actually offering, they do turnkey single families home as well. So I was talking to them doing due diligence, everything with them and making sure what kind of deal on single family homes that they can help me on, on rehabbing and the stuff. Then I suddenly like after talking to Neil, I said, guys, I'm not interested in single families. No, we have deals, this is like 60k and we have this 140k [10:39unclear] but they said okay we'll help you in multifamily as well. Let me know if you find any deals. We'll help you manage. That's when Jacksonville started and then they also kind of helped you and due diligence and everything. Then we'll look at a few deals together and we bought this 20 unit deal and that was on market actually, but it's the heavy lifting stuff like the roofs are bad, two, three units are down; it's really heavy lifting. I thought, okay, let me just get into it. The twenty unit is most like a cost of a one condo here. James: Looks so cheap when you look at California?    Rama: You know what I'm going to lose here, let me try it out but we made really good money on that. So definitely that's the good, I got the money from my friends and family first, not as syndication. It's more like a joint venture. A lot of my small multifamily is a joint venture. We can go into details how we've structured those. So that was very good deal. Look back right now. We did that and then quickly since I liked the market, I kind of learned about Jacksonville more. The more I know it's like a really hot market, then the found more deals in the end of that eight months to nine months and then they all are smaller, 20, 30, 12, 32 to 59. James: Syndication. I mean syndication; you can put larger money and buy a hundred plus unit or like some gurus say by start with a hundred plus. Why did you start with 20 and 30? And what is the driving motivation for that?  Rama: Neil actually encourages to start with small, he never said go more than a hundred units, but I'm part of a team of multifamily Mark Kinney. He suggest only a hundred plus units because of several reasons because you're putting effort on a 20 unit, it's the same as 200 units, go hundred plus. I totally believe it from a mentorship perspective, he's different. I did that because when I did my eight LLC taxes for last year and all the administrative work that goes behind these things. I would totally agree with Mark and also any other gurus out there that say go hundred plus units. I totally agree on that from effort standpoint. But there is money to be made in this 4,200 unit space as well. And a lot of people ignore it. There is definitely a possibility that you can put your operations hat there and your creative hat there to see how you can profit from it. You also know from the investor perspective as well.  James: Yeah correct. I started with the 45 units and I really love it just because you really learn a lot from smaller deals and you don't have to go much bigger deal and you forget, you cannot be like skipping elementary school and middle school and try to go direct to high school. I mean you can do it once in a while or when the market's so good but the fundamentals of real estate is really learned on the smaller deals, even with single family. You start with single family and you move to the smaller deals.  Rama: There are pros and cons. For example, the pros are you don't need to have payroll. The con is also the same thing. You don't have a staff and then your property manager may be sitting in some downtown office somewhere. They don't know what's happening at the 20 units or forty units. So you need to have very kind of a good property manager, even for a hundred plus units also you need a good property manager, but at least you have staff. If you can talk to them, hey, what's going on? Because the regional might not be at the site all the time. The regional might be like going once in a month, once in 10 days, whatever. But you have a staff day you can talk to, hey, what's going on leasing, what are the foot traffic? What are other strategies that you have always or do you have going on these units? Have you did the make ready? All of these things. There is a long [14:38unclear] clean you can talk to someone. But if there is a 59 unit somewhere in the west side of Jacksonville and my property managers sitting on downtown, they don't even know the pool guy's coming, they don't know that the lawn is not cut for the last two months. So there is good and bad, especially if you're doing out of state property manager, no asset management. That would be more difficult. But there are ways to mitigate that. Have a local partner in your deal that is onsite, on the ground goes once in a week or so.  James: Did you have a local partner there? Rama: One in Jacksonville but not in Kansas City and [15:2unclear] but now Jacksonville, I have changed my property managers, she's really hands on and she actually sits in one of our office. Jacksonville Unit has an office actually. So she's really good and now I can think of acquiring more properties in Jackson, I was thinking not be acquired more. But if you have really good property manager who is hands and kind of trustworthy, then you can definitely; these are really cash cows.  James: Yeah. I mean the people play the most important aspect in property management. It's a people business. So once you find a really good people, you are motivated. Rama: You are local or have a partner locally in the 40 to 80 unit game and it's definitely worthwhile to [16:08unclear]. James: Because it's not many people look at that space. I mean, the market was so hot right before, pre-Corona, I would say. Now we have to talk about pre-Corona and post-Corona.  Pre-Corona is so much of capital looking for deal and everybody just buy the bigger deals. Rama: Yeah, I do buy the deals in the three bands, James like 40 to 80, 80 to 160 and 160 above. 40 to 80 is where I do kind of deals with mostly JBS and then also syndicate patients deal where you don't need an onsite staff, we can operationalize and make sure that let's say if you have multiple 40 to 80 deals in the same market, you can actually have some scale within that. Have a maintenance person who I only see for properties. So 80 to 160 units where our focus primarily from a syndication perspective when we can have staff. 160 plus is an institutional level where the different companies move there, which I'm not going right now. But I would love to go 160 plus.  James: 160 plus, okay. I think that still does not answer [17:16unclear]. Rama: [17:17unclear] but at least you have a different set up [17:20unclear] James: Different level of people. Yeah, professional investors I would say maybe. That's good. Yeah. I mean so how did you structure this JB on the smaller side? Because you really don't have to do syndication for everything, I mean, if you have a few guys who are your family and friends who are willing to put some large money, you can just do a JB and explain to the audience how did you do that JB and syndication. Rama: Yeah, even if it is JV, I would want someone like they do perform some tasks. It's not that, you know, hey, like it's a JB and I'll do all the work. They allow us to have to do some work on that. Because they all structure James two options here. One, either I put less money and they put more money and everybody will have an equal share. Let's say I'm giving very rough example. I bought 50K and other people put 100K each or 200K each, whatever it is. And each of the 3% will be attached to person of the [18:15unclear]. James: Got it.  Rama: That's one option. The second option is I've also put 100K but all three people will put 100K into the deal, but I get 50%. They both get 25%. It's just very high level examples. Either I put less money in and take an equal percentage with the other investors or I put more money and take higher percentage. But same money as others.  James: All these deals you're buying in these different cities is it all value add or de-value add or cash flowing? How's that?  Rama: Most are value add as some are de-value adds as well. I'm kind of going away cookie cutter stuff, but the cookie cutter stuff, I'd still do it. But for the long-term part. That is more kind of relevant for a JV structure because for syndication I need to perform two to five years, I need to exhibit. But if I find a deal, which is really kind of a long-term goal and that is also good for this model where I don't need to worry about performing something in three to five years, I can even take a bridge loan and refinance it and keep it for longer term to the cash flow that's fine. If you don't get to cash flow, that's also fine. At least you can get all the rehab money from the lender and renovate it fully and then go to a permanent loan and keep it for like another six to eight years or 10 years.  James: Do you finance with the bridge loan in the beginning itself?  Rama: Yes. Yeah. Half of the loans I deal with now are bridge loans.  James: Okay.  Rama: Half of them are Freddie Mac. But see this is a de-value add. I know I can get all the rehab budget from the bridge loan. James: Yeah, correct. De-value adds make sense for... Rama: And then refinance it.  James: Got it.  Rama: So it's like kind of a cookie cutter or a little bit like value adds, I go with Freddie Mac loans.  James: Got it. Yeah. I mean the smaller ones has less competition. Sometimes you make a lot more money because there's no payroll and some people like my 45 units people just like to stay in a smaller community because they don't like bigger and the people, a lot of residents like a smaller communities, they don't need all these amenities. They just say we want housing.   Rama: Yeah that's true and another trend is happening, the build to rent. They're doing a medium density bill to rent the whole complex is for Randwick. So they built a town home complex or a single family home complex only for rent because we will be rendered national for some, and especially this post-Corona, it will be delayed like three more years, people will not be looking at home ownership. But at the same time, they don't want to live in apartments. They can live in a town home community or the kind of a little bit less density, a single family home community, maybe more density, single family home community. They're okay with that, right? Because they still have the pride of ownership. You have a better tenant profile and they can also feel that they're living in a regular home than an apartment complex. So the build to rent a town home and a single family home concept is growing as well.  James: So let's say you get a deal; every day you get a deal right now, I mean you're getting into brokers I presume. So what are the sniff test do you do on the deal? Because sometimes they list too many deals?  Rama: Yeah. I have my 60 seconds rule, 60 minutes rule and I don't know, 60 days like I see the more you go, you're going to spend more time on this deal. So the first thing I do is go to the justice map or CoStar just to see them demographics. For what is the median income and demographics mix on this and how the income is growing in this area. If that is a bad area I just... James: So every deal, the 62nd is that few steps go to CoStar.  Rama: Yes first go to; no, I don't need the CoStar, District Map is free. Just go to justicemap.org, just put that address.  James: What's that website called?  Rama: Justicemap.org. James: Oh justice map, yeah, justicemap.org. Rama: Just go to that, put the address you will see the census block. What is the median income, what is the demographics mix and how the income is changing. Then you will see the first sniff test and then I'll see the rents. Nowadays what I'm seeing is the average rent, like around $750 or about; I'm not going to C minus, C property, C plus or B. So I can quickly take a deal out, 60 seconds or less. And then next step will be go to the bond writing and see what the rent projections are, go to Rentometer or any other, I can go CoStar or Rentometer and see what are the rents. Are they below the market or not because I don't care about the rent growth, what happened in the next five, six years, what is in place rents and what I can achieve the market. That is where I focus. Let's say if it is $75, $150, $200 below, then definitely if it's like a C plus, B area, 45K or 40K median income and the demographics mix is good and everything, then I definitely go to the next level and traditional spend six days or not. Then to go to the 60 days. James: That's probably including the best and final and all that. Rama: Yeah every step that you go 60 seconds, 60 minutes, 60 days you're going to waste your time, effort, money on a deal. You need to talk to programs you need to visit, it adds up the cost, time and effort, energy.  James: Yeah. It's crazy how much work you have to do on progressively. So is there a lot of competition even on the smaller deals? Rama: There will be. Yeah. And it sounds especially previously that lasted two years, this competition for everything. But the 40 to 80 unit spaces, James, the smaller people cannot buy those and they still want a track record and know everything. They don't want to give it the deal to anyone. The bigger people are not interested in this because and the same thing that you said it's too much work. Definitely there will be competition but if you do a JV structure and especially you can do a long-term goal or maybe a tentative exchange because on a largest syndication it'd be 20, 30, 40 people. It's going to difficult to convince everyone, hey, let's do a 10, 31 exchange. So on a smaller deal if I get a 42 unit I know the JV people, like we have five people, so once we got a bridge loan, we renovate, and we’ll sell. Say if somebody wants to know by this thing, we have a bigger pool of money in the pot for the 10, 31 now we can from 42 units they can go to 80 units and then they can move to 160 units. I can spin off three fourth, 10-31 exchanges like that and quickly it can go from 200 to 800 units within two to three years or four years.  James: That's interesting. You can start from small and just doing 10 31 and start increasing. Rama: Exactly, on syndication it's not kind of very difficult. I have 40 investors, like half of them, hey, I need my money back. I let them say, let's just enter the one. Okay. Then it'll be difficult to coordinate this.  James: Oh, right. Interesting. Yeah. I never done a 10 31 exchange up until now because I don't prefer it so much because I'm worried that it costs me to buy the wrong deals. Because all sellers love 10-31 buyers. Rama: TO be active, don't disclose that you're a 10-31 buyer. Have those deal flow, you need to be really active. Every time I have four to five, six deals, then I can pick the right one. Hey, I'm not going to go wrong on this because it's a B property, eighties construction. What are the criteria that you have? The rents are like a hundred dollars lower. I'm okay to even or pay 100K - 200K on this because on the 10-31 you want to certain the deal, you want certain to close it. So picking the right property and make sure you're doing the due diligence and then do the 10-31 because yeah. So worst case, you'd pay taxes and it's not like another wall. It's better than going in the bad deal.  James: Correct. Yeah, absolutely. Absolutely. Absolutely. So tell me about your value add strategy. Do you do interior, exterior and from deck and you define what's the most valuable value add that you have seen? Rama: No, I do de-value add, like if the roofs are leaking, like falling down we get a new roof and completely renovating the units to top-notch, [26:57unclear] dollars also into the C properties. I think the thing is weird to see the holistic picture. There is no one specific thing that I do, which is the most value add, just turning it on the property to create the maximum value out of this. Like if it is a exceeded deferred maintenance, the problem with deferred maintenance is you don't get any rent bump if I change my roof. But you need to make sure that you negotiate the deal. Okay. Hey, this has a roof issue and if you're paying the market price, but for a de-value add that doesn't make sense. If there is an exterior deferred maintenance I would love to know everything in place and only do the interior value add. That is the best thing to do if I can get, but I'm not afraid of de-value adds. I did full redevelopments also I'm doing new construction as well, so whatever the maximum value that you can out of the property on the rent. That is what I looked into it.  James: Got it. So that's very interesting. So tell me about yourself. I mean so you are an engineer and you are doing real estate right now, where do you see yourself in the next five to 10 years? Pre-Corona or post-Corona? Rama: If we didn't have the same conversation January James, I was thinking I would retire in 2020. Like I had two deals. I was about to go under contract at backdoor on one day I was at the deal also I'm at 80% on the fence to back out. Completely changes. So things like this, you go back to the square one, go back to the drawing board or go back to school. . Then rethink your strategies. Yeah, definitely. De-value adds and new construction. I want to get maximum value out of it. Cookie cutter. I'm like mostly ignoring, but if I can do long-term goal, I'm okay with cookie cutter. If not that I can get out three to five years and do this like kind of churn. It's just a lot of work. A lot of people think when you're just come into syndication or a multifamily, it is a passive income. This is not passive income at all, like zero. For investors, yes. So I would continue doing what I'm doing, but it'd be more conservative. The new rules. The rules have changed.  James: The rules have changed. Yeah.  Rama: The playing field changed. The game is changed. Everything is changed. But the fundamentals remain the same. We will be renters’ nation. The multifamily will not go away. People need place to live. The next one year will be a little bit at least six months to one year. It will be tough in the operations perspective, fully focusing on operations on what I have and I'll continue the story, but the story now will be much better. You will see what is the need for passive income now you know better. Things might change. People are getting laid off. So you need to get your passive income streams. The story becomes stronger now and nothing changed in that perspective. James: Correct. Correct. Also in the stocks market you can lose your money, but in a brick and mortar real estate, you don't really lose the money. Rama: The capital is reserved, you have a hard asset. You can go and touch, feel it, and then that's not going anywhere. You might have instead of 8% returns, you might have 2% returns or 1% returns, at least your capital is reserved. Stock markets you're bidding down like crazy there. You're losing half of your money or more than half of your money. So the story got better and maybe easier to pass on this thing. But there might be challenges raising capital in the next few months because people might have lost money in stock or lost their job, whatever it is. But eventually it will come back. The people will remember this. They know the value of passive income more than before. I'll continue the value adds, the de-value adds and new construction strategies into the multifamily.  James: Got it. Is there a proud moment in your life that you think you're really, really proud that you cannot forget? I mean, until now, I mean, of course you're going to do a lot more things right, but until now when you started this business. Rama: Yeah. The first 20 unit deal, when we actually renovated this thing, I really felt happy. It was actually really bad property. The roofs were really leaking and everything; the tenants were bad, the backyard, everything was all trashed and completely, we re-profiled this thing. We did maybe more than 70% returns on that. The manufacturer, that's one thing. Overall the transformation that you do kind of really was proud moment for me and also the land development deals that I'm doing. It was 18 months of effort for us to get these 97 units a town home project, we closed it in February. So I was really proud of that new development site.  James: Got it. So you're like moving from one domain to another domain. That must be a happy moment. Why did you move to development?  Rama: As I said, I like this North Carolina, Austin, Atlanta hot markets because I would rather do it in this market, but there are no deals out there in a sense too expensive. You know Austin? All seventies and eighties property itself is so expensive. I would rather build new but there are unknowns. There are risks for new construction. It's not that easy to hazard zone. James: [32:54unclear] building, if it's [32:57unclear]. Rama: Everybody will be building, it has its own staff but overall I want to be patient to find the right deals and find the right construction partners, find the right type of investors. Not everybody will be interested in new development. You want cash flow. You're not going to get cash flow. There are a lot of risk also. You might lose your capital also in that because there are no assets.  James: You have to go to so many entitlement process and city approvals and all that.  Rama: Exactly, there are red tapes involved, there are so many things involved but I would in a market like Austin or North Carolina I would rather to build than buy a seventies or eighties product. That was the main reason for me to get into new development because I liked the market, what I can do in this market because I love North Carolina, I love Austin, I love North Atlanta. What I can do in these markets from a Real Estate perspective, the only answer for me is the new development.  James: Got it. Interesting. So tell our audience how to get hold of you? Rama: Yeah, you can reach out on my website is zovest.com; you can reach out at rama@zovest.com and I'm active in a lot of Facebook groups, you can reach out to me there as well.  James: Awesome. Thanks Rama for coming in. Happy to have you here and happy that you add a lot of value to our listeners. Thank you.  Rama: Thank you, James. Thank you for having me.

On episode #203 of the Digital Pratik Show, I am discussing whether Niche Pages Like Motivational Quotes Pages with 100k, 200k Followers Are Dying or are they still relevant to get shoutouts?-Hope this episode adds value to your life :)-► Subscribe to my FB Messenger Bot for exclusive vip content & updates: digitalpratik.com/vip-► Check out my Alexa skill: www.amazon.com/Digital-Pratik-Marketing-Podcast/dp/B079HVN23B/-► Subscribe to my YouTube channel here: digitalpratik.com/youtube-► So who is Digital Pratik?-He is a 30 years old dude who is a 3 times proud dropout by choice from final year of engineering and a very proud Digital Marketing Consultant & Personal Branding Expert and someone who is a hard core practitioner of social media platforms. He preaches & teaches his tagline to everyone which is Learn, Apply & Share which he calls the LAS Formula.-Daily he learns something new in his life, daily he applies that something new which he has learnt in his life and daily he shares that something new, which he has learnt and applied in his life, with other people through creative #socialmediacontent !-Started his journey with only Rs. 300 on his name in the bank account, he started with call center jobs in 2010 and started learning digital marketing as a side hustle.-► Here are a few links to know more about me & my work:-1.) https://www.onlinemillionairesummit.in/home where i am one of the speakers for Personal Branding & closing high ticket clients.-2.) https://digitalpratik.com/mystory will tell you more about my story-3.) https://instagram.com/digitalpratik where i am treated as a popular social media content creator having a very loyal and engaging audience !!!-4.) Discussing 11 important questions with "Entrepreneurs Of India" @eoindia... From a 3 times dropout to a Popular Content Creator: https://eoindia.com/episode127/-YouTube video for the same is: https://www.youtube.com/watch?v=Nm8J9XU5OcQ-► WOULD LOVE TO CONNECT WITH YOU ON SOCIAL MEDIA:-Instagram | Facebook | Twitter | Linkedin | Snapchat | YouTubeWebsite | My Story | TikTok--- Send in a voice message: https://anchor.fm/digitalpratik/message

#106: With enough passive income to meet your living expenses, you can potentially quit your job. GRE’s Business Developer John Collins just quit his job. He tells us how it feels. Keith brings you the show from Ontario, Canada today. Want more wealth? Visit GetRichEducation.com and 1) Subscribe to our free newsletter, and 2) Find turnkey real estate investing opportunities. Listen to this week’s show and learn: 02:38  How close are you to quitting your job? The PPY. 05:42  A metaphor about life being the journey, not the destination. 07:40  If the Dow Jones rises from 19,000 to 20,000 points, that’s NOT a gain! 10:41  With zero financial education, stocks are better than real estate. With some education, real estate is better. 12:08  Monthly property management statements. 15:50  The jet pilot. 19:12  GRE’s John Collins quit his job that paid $100K-$200K per year. 22:47  Overcoming fear of leaving the job. 24:32  Nothing dispels fear like education; social connections. 28:48  Altering your life structure. 32:35  Do you still know when it’s “Payday” at your employer? 36:40  Feel of the “corporate-ocracy.” 39:09  With more passive income, here’s how you’ll begin thinking differently than your co-workers. 41:15  Entrepreneurship is not for everybody. “Turnkey job.”   Resources Mentioned: Book: “Pivot” by Jenny Blake CorporateDirect.com NoradaRealEstate.com RidgeLendingGroup.com GetRichEducation.com

In 2005, Danny Egipciaco had the opportunity to participate in a robbery of a drug supplier's stash house. He was told he'd take home between $100K-200K. In the end, the robbery never happened, so why has Danny spent the last ten years at Fort Dix Correctional Institution? Criminal is a proud member of Radiotopia from PRX.  Say hello on Twitter @criminalshow and check out our new Instagram: criminal_podcast. 

.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; height: auto; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; } Want to sell your Kelowna Home? Get a FREE home value reportWant to buy a Kelowna Home? Search all homes for saleToday we're here to speak to you about investment properties, and here at Big White Ski Resort, there is no better place to be investing in. Big White is only 35 minutes from Kelowna, and skiers from all over the world rave about the fresh dry powder that coats the runs. To display just how great this resort is, here are a few quick stats:There is a 750 cm annual snow baseThere are 16 lifts and 118 runs, making it Canada's largest ski-in, ski-out resortNamed #1 resort for powder last year by Ski Canada magazineWe could go on and on about this place, but check out the website in the link above for more information. If you invest in a rental property at Big White, you could be placed in a rental pool, and if you market your home effectively online, then you have a really good chance to make money off of these properties. There are some really excellent vacation property managers in Kelowna as well. Currently the most expensive property is listed at just under $1 million Canadian dollars, and if you take a look at the exchange rates, that could be a very good investment. There are many properties at Big White that are only $100K-$200K as well.If you don't like the snow, then Okanagan Lake is also a great place to invest!As ski season winds down, now is a perfect time to look into buying a property at Big White. Please contact us with any questions you have about buying investment properties in Kelowna!