Podcasts about achieve investment group

Today's Flash Back Friday episode is from #549 that originally aired on Feb. 6, 2023. James Kandasamy is the founder and CEO of Achieve Investment Group, a multifamily investment group based in Texas.   James currently oversees nearly 4000 units worth more than a half a billion dollars. Achieve is a vertically integrated multifamily Investment Firm dedicated to acquiring and operating properties with significant value-add components located in high growth top tier US MSA's.   Quote: “The market is all about human behavior.”   Highlights:   06:40: Timing the market right when selling assets 11:00: Using bridge loans for multi-family investments 17:45: Why James is not looking for deals and what he's doing instead 19:20: Managing seller expectations with land entitlement deals 23:00: Feeling pressured to do deals by investors 25:00: Communicating with medical professionals looking to invest in real estate 30:00: Educating your investors about different types of deals  34:00: Hidden costs of development deals 38:00: The different levels of a development project and the related risks 34:10: James's predictions for the market over the next year   Guest Website: https://achieveinvestmentgroup.com/   Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!   If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.    Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.    Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Today's Flash Back Friday episode is from episode #549, which originally aired on February 6, 2023. James Kandasamy is the founder and CEO of Achieve Investment Group, a multifamily investment group based in Texas.   James currently oversees nearly 4000 units worth more than a half a billion dollars. Achieve is a vertically integrated multifamily Investment Firm dedicated to acquiring and operating properties with significant value-add components located in high growth top tier US MSA's.     Quote:  “The market is all about human behavior.”   Highlights:   06:40: Timing the market right when selling assets 11:00: Using bridge loans for multi-family investments 17:45: Why James is not looking for deals and what he's doing instead 19:20: Managing seller expectations with land entitlement deals 23:00: Feeling pressured to do deals by investors 25:00: Communicating with medical professionals looking to invest in real estate 30:00: Educating your investors about different types of deals  34:00: Hidden costs of development deals 38:00: The different levels of a development project and the related risks 34:10: James's predictions for the market over the next year   Guest Website: https://achieveinvestmentgroup.com/   Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Have you ever dreamed about making a major transition into the prosperous world of multifamily real estate investing? Prepare yourself to get a taste of that reality in our enriching conversation with James Kandasamy, an award-winning multifamily operator, developer, and industry thought leader. Originally from Malaysia, James shares his enthralling journey that led him to the US and subsequently into successfully shifting from single-family to multifamily real estate investing. James has managed to carve a niche by focusing on value-add and deep value-add multifamily investments as they tend to be more lucrative than single-family units. With a streak of determination and an appetite for challenging the "deeper, difficult stuff", he reveals his impressive strategy that allowed him to independently raise a staggering 80 million dollars. His insights on the real estate market trends are invaluable, especially about variable and fixed rate loans and how they are impacting the industry. In this episode, we also explore James's passion for creating generality wealth through passive investing and his commendable commitment to philanthropy. His meticulously crafted approach to property management and growth is a lesson for all budding as well as experienced investors. James's story is a testament to hard work and perseverance. So, tune in to this power-packed conversation and let yourself be inspired by James's journey and his insights into the multifamily real estate market. JAMES'S BIO: James is an award-winning multifamily operator, developer, industry thought leader, and CEO of Achieve Investment Group. He has authored two best-selling books “Passive Investing In Commercial Real Estate” and “Smarter Doctors - You Work Hard, Make Your Money Work Harder!”. He's also the host of a popular Achieve Wealth podcast. To date, James has identified, underwritten, and overseen the acquisition process of over $517M of quality multifamily investments (19 Assets), and still growing. He has also led passive investors to an average IRR of more than 20% in past deals. His creative and dynamic multifamily management strategies led to the creation of 6 passive investor millionaires in 2022. GET IN TOUCH WITH JAMES: www.achieveinvestmentgroup.com www.passiveinvestinginrealestate.com EPISODE CHAPTERS: (0:00:00) - Scaling Multifamily Real Estate for Success James Kandasamy shares his journey from Malaysia to the US, and how he successfully transitioned from single-family to multifamily real estate investing, achieving an average IRR of greater than 20%. (0:13:14) - Investing in Commercial Real Estate James Kandasamy shares his journey, stresses importance of difficult work, articulating truth for investments, and his slow and steady approach to growth. (0:19:45) - Real Estate Market Trends and Opportunities Variable rate loans put sellers at risk, while fixed rate loans offer protection in a rising interest rate environment. (0:29:28) - "Ambassador Programs and Passive Investing" James shares his successful real estate business, Chief Cast foundation, writing books, and plans for passive investing. (0:40:50) - Knowing Your "Why" James Kandasamy's journey, variable rate loans, fixed rate loans, and interest rates discussed to reach maximum potential. If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/  

Achieve Investment Group is happy to present to you the guest speaker, JEREMY ROLL, Founder And President Of Roll Investment Group, Full-time Passive Cashflow Investor, And An Advisor For RealtyMogul Learn Passive Investing In Commercial Real Estate with my #1 best-selling audiobook: https://achieveinvestmentgroup.com/freeaudiobook   ☑️ Check out James Kandasamy at

Achieve Investment Group is happy to present to you the guest speaker, JEREMY ROLL, Founder And President Of Roll Investment Group, Full-time Passive Cashflow Investor, And An Advisor For RealtyMogul Learn Passive Investing In Commercial Real Estate with my #1 best-selling audiobook: https://achieveinvestmentgroup.com/freeaudiobook    

Achieve Investment Group is happy to present to you the guest speaker, Wayne Courreges. With over 15 years of experience, Wayne Courreges has demonstrated expertise in leading teams to optimize the value of commercial real estate properties through effective operation and management. He has a proven track record of leading large and highly effective teams, mentoring individuals, and surpassing client and employer objectives through his leadership, experience, teamwork, and strong work ethic.    Learn Passive Investing In Commercial Real Estate with my #1 best-selling audiobook: https://achieveinvestmentgroup.com/freeaudiobook Subscribe to our channel and click on the bell icon to get notifications when new content is uploaded! #passiveinvesting #realestateinvesting #infinitebanking #realestatesyndication #raisecapital #passiveinvestingincommercialrealestate

Syndication Made Easy with James Kandasamy This podcast features Vinney Chopra, the host of Apartment Syndication Made Easy, interviewing James Kandasamy the principal in Achieve Investment Group – a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management. It is important to cultivate a sense of curiosity and wonder in order to maintain a lifelong love of learning. We should explore a variety of interests and pursue their passions, even if they don't fit neatly into a traditional career path or academic discipline. We should Embrace failure as a learning opportunity, people should not be afraid to take risks and make mistakes. The importance of developing strong interpersonal skills, including empathy, communication, and collaboration, as these are valuable in both personal and professional contexts. People should seek out mentors and role models who can offer guidance and support in our learning journeys and we should also prioritize our mental and physical health in order to support our ability to learn and grow. https://achieveinvestmentgroup.com/ Watch the Full Video here: https://youtu.be/vDVtYNLWLUE Don't forget to head over to iTunes to subscribe, rate, and leave a review. It's very much appreciated.    https://podcasts.apple.com/us/podcast/syndication-made-easy-with-vinney-smile-chopra/id1473126675   INVEST with Vinney [Accredited Investors ONLY]: https://vinneychopra.com/invest/ https://www.accreditedinvestor.blog/book-a-call LEARN from Vinney: https://vinneychopra.com/mentoring Want more information about value-add multifamily investment properties? Click here: https://multifamilymentor.blog

Cost segregation is a tax strategy that can help you save money on your taxes. Our guest, Yonah Weiss, explains what it is and how you can use real estate tax benefits to your advantage.   Learn Passive Investing In Commercial Real Estate with my #1 best-selling audiobook: https://passiveinvestinginrealestate.com/freeaudiobookversion    #passiveinvesting #realestateinvesting #infinitebanking #realestatesyndication #passiveinvestingincommercialrealestate

Achieve Investment Group is happy to present to you the guest speaker, Harold McGee. Harold has 21+ years in the real estate brokerage and financial services industries including customer service, sales, investing, and lending. He successfully started, grew, and sold a 120+ unit property management company. In 2014, he learned about the financial concepts of Infinite Banking (IBC) and became an authorized practitioner. Harold specializes in working with real estate entrepreneurs to leverage IBC to grow two assets with the same dollar.    Learn Passive Investing In Commercial Real Estate with my #1 best-selling audiobook: https://achieveinvestmentgroup.com/freeaudiobook   #passiveinvesting #realestateinvesting #infinitebanking #realestatesyndication #raisecapital #passiveinvestingincommercialrealestate

James Kandasamy is the founder and CEO of Achieve Investment Group, a multifamily investment group based in Texas.   James currently oversees nearly 4000 units worth more than a half a billion dollars. Achieve is a vertically integrated multifamily Investment Firm dedicated to acquiring and operating properties with significant value-add components located in high growth top tier US MSA's.     Quote:  “The market is all about human behavior.”   Highlights:   06:40: Timing the market right when selling assets 11:00: Using bridge loans for multi-family investments 17:45: Why James is not looking for deals and what he's doing instead 19:20: Managing seller expectations with land entitlement deals 23:00: Feeling pressured to do deals by investors 25:00: Communicating with medical professionals looking to invest in real estate 30:00: Educating your investors about different types of deals  34:00: Hidden costs of development deals 38:00: The different levels of a development project and the related risks 34:10: James's predictions for the market over the next year   Guest Website: https://achieveinvestmentgroup.com/   Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

James Kandasamy, one of the real estate industry's brightest multifamily investors, discusses the possibilities of passive multifamily investment in building long-term wealth. Stay tuned as we discuss insights from his books and smart investing suggestions to help you stay on top of industry trends today!WHAT YOU'LL LEARN FROM THIS EPISODE Reasons you should invest in multifamily real estateAdvice to succeed as a multifamily investorWhat you can learn from reading James' booksThings to consider before closing a deal in today's marketPractical investing tips during an economic downturnHow to break into the real estate investing spaceRESOURCES/LINKS MENTIONEDPassive Investing In Commercial Real Estate by James Kandasamy | Paperback and KindleSmarter Doctors by James Kandasamy | Paperback and KindleVivid Vision by Cameron Herold | Paperback and KindleDo you want to learn how to achieve financial independence through passive investing? Visit https://passiveinvestinginrealestate.com for a free copy of James' book Passive Investing in Commercial Real Estate today!ABOUT JAMES KANDASAMYJames Kandasamy is the principal in Achieve Investment Group - a vertically-integrated real estate company actively engaged in multifamily acquisition, asset management, property, and construction management. He is a well-known multifamily operator with over 4 years of multifamily experience and 6+ years of experience in real estate overall. In addition, he has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations.CONNECT WITH JAMESWebsite: Achieve Investment GroupEmail: james@achieveinvestmentgroup.comCONNECT WITH USGreen Light Equity Group - http://www.investwithgreenlight.com/For a list of Virtual Meetups - Email: tate@glequitygroup.com | chelsea@glequitygroup.com Special Announcement! Tate's brand-new audiobook “F.I.R.E.-Financial Independence Retire Early Through Apartment Investing” is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/.Do you have difficulty underwriting deals? Never worry about getting your numbers wrong with Real Estate Lab, a cloud-based platform for investors. Sign up at https://www.realestatelab.com/ using the promo code TAG2 to get 10% off your first 12 months. Automate your acquisitions and underwriting like a boss now!

Welcome to Syndication Made Easy with Vinney Chopra! Today's guest is James Kandasamy who is the CEO of Achieve Investment Group, LLC. His pragmatic skills in solid communication, interpersonal, analytical and organizational leadership skills, as well as his deep-rooted background in Real Estate Investment, are what make him unique. James obtained his Bachelor's Degree in Electrical Engineering (Hons) from the University of Science, Malaysia and MBA from the University of South Australia. He holds the prestigious CCIM designation as well. James discusses investing in deep-value add apartments and how off-market and being a differentiator in marketspace can give you an edge in the marketplace. James discusses analysing a Profit and Loss statement and how to spot inconsistencies and spot efficiencies with respect to how you want to manage the portfolio yourself. Passive Investing in Multifamily Syndication is ideal for any investor who lacks the time or interest in dealing directly with the challenges but seeks the benefits of real estate. James also routinely led passive investors to an average IRR of more than 20% in past deals. Here is some of what you will learn: Risk vs. reward Persistence Asset management COVID–19 expectations Money talks Closing deals Emerging market Value add Long-term loans Investor base Asset class Market rents   James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations. ------------------------------------------------ About Vinney (Smile) Chopra: Vinney is a real estate investor, syndicator, International best-selling author, host of 4 podcasts, multifamily educator, mentor, dedicated husband of over 40 years and father of 2 children-Neil and Monica, residing in Danville, California (near San Francisco) for 40+ years. Vinney came to this country with only $7 in his pocket and a dream. Vinney has now built a portfolio of over 6,500 units amounting to over $650 Million in the multifamily, senior assisted living and hospitality arenas. He is passionate about helping others achieve financial freedom and giving back to our seniors who have given us so much. Learn more about Vinney: https://vinneychopra.com/ Learn more about investing with Vinney: https://vinneychopra.com/investor/ Apply for Mentorship: https://vinneychopra.com/mentorship/ Vinney's Youtube: https://www.youtube.com/c/VinneyChopra/videos Vinney's Linkedin: https://www.linkedin.com/in/vinney-smile-chopra/ Vinney's Instagram: https://www.instagram.com/vinneychopra/ Vinney's Free Book: https://vinneychopra.com/freebook/ ------------------------------------------------

Everyone wants to invest in real estate, but few are willing to put in the work to make it happen.  When it comes to multifamily investing, starting out can certainly be a grind, but if you want to find a good deal, you have to be willing to do what others won't.  This is something that today's podcast guest knows all too well. When James Kandasamy first started his multifamily journey, he went to all the brokers, searching for opportunities, but nobody took him seriously.  Instead of giving up, he decided to take things into his own hands. He used a combination of direct mail, cold calling, and his networking skills to find off-market deals and get his foot in the door. To this day, he believes the people who win, are the ones who are willing to do things differently — and that's exactly how he rose to the top!  James is now the Principal Director of Acquisition and Investor Relations at Achieve Investment Group - a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management. He has identified, underwritten and overseen the acquisition process of over $180M of quality multifamily investments and routinely leads passive investors to an average IRR of more than 20%.  Pretty impressive for a guy who was turned down by all those brokers! Let that be encouragement for any aspiring real estate investors.  In our conversation, we hit on a number of topics related to multifamily investing. You'll learn about the risks of using bridge loans, Debt Service Coverage Ratio, stress testing, market projections, the deal structure James uses that puts investors first, and how to avoid getting stuck in the debt trap! Key Takeaways with James Kandasamy Off-market deals VS. working with brokers. The threat of using a bridge loan to buy a property — especially with rising interest rates. Multifamily real estate didn't crash during covid, but it is under stress — invest wisely! Is your deal profitable or losing money? Make sure you understand Debt Service Coverage Ratio (DSCR) Multifamily is a great investment vehicle, but if you're not careful you could get stuck in The Debt Trap! The pinch between rising interest rates and cap rate. The importance of stress testing your deal. The power of being a vertically integrated real estate company. Different ways to distribute returns to investors — and why James prefers the waterfall structure. Real estate projections for 2021/2022. Why multifamily will always be a winning asset class — at least for those who understand how to properly buy and manage a property. Why expanding your network and increasing your circle of influence is the best way to learn. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/220 Rate & Review If you enjoyed today's episode of The Accelerated Real Estate Investor Podcast, hit the subscribe button on Apple Podcasts, so future episodes are automatically downloaded directly to your device. You can also help by providing an honest rating & review over on Apple Podcasts. Reviews go a long way in helping us build awareness so that we can impact even more people. THANK YOU! Connect with Josh Cantwell Facebook YouTube Instagram LinkedIn Twitter Sign Up For My Coaching Program! To unlock your potential and start earning real passive income, visit joshcantwellcoaching.com Get The Flip System Book! To get access to a free copy of The Flip System, visit getflipsystem.com/podcast

James Kandasamy, host of the "Achieve Wealth" podcast, joins us this week. His firm, Achieve Investment Group, has a portfolio of approximately 2,000 units for a total of $180M in assets under management. James is also the author of the best-selling book "Passive Investing in Commercial Real Estate"

James Kandasamy is the co-founder of Achieve Investment Group, a multifamily investment company, and he's passionate about helping invest passively in commercial real estate. He has over seven years of experience in real estate and more than five years in multifamily acquisitions and asset management. He has identified, underwrote, and oversaw the acquisition process of about $180 million of quality multifamily investments, and 10 plus assets and still growing. Right now the average IRR in their portfolio is more than 20%. He is also the author of the Passive Investing in Commercial Real Estate book with 85-star reviews on Amazon. This book gives you insider secrets to achieving financial independence.In our conversation, we discussed:How and where to find deals to investWhat would a brand new depreciation schedule on every deal mean?His thoughts on the new buying tax plan as it pertains to investment and real estateConnect with James Kandasamy:Website: achieveinvestmentgroup.comLove the show? Subscribe, rate, review, and share!Here's How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions Twitter

When the market is overheated, it takes unusual discipline to be patient and only insist on getting great deals. Today's guest will still only buy deals at a deep discount. As such, he's still doing multifamily, but he's also doing a hotel conversion to multifamily and also ground-up construction. James Kandasamy, CEO of Achieve Investment Group, has done incredibly well with off-market, heavy value ad deals in San Antonio, TX, one of the most recession-proof markets in the country.

Since establishing Achieve Investment Group, LLC in 2015 James has syndicated 9 large apartment complexes, totaling 1700 units and grown his portfolio to $130M+. He has pragmatic skills in communication, interpersonal, analytical and organizational leadership skills, as well as his deep rooted background in real estate investing are what makes him unique. In addition he holds the prestigious CCIM designation as well. With over 6 years of experience in real estate and more than 4 years in multifamily acquisitions and asset management, James harnesses his experience and drive to offer clients firsthand, vertically integrated services in multifamily investment, finding off-market deals, asset, construction and property management. Achieve Investment Group prides in their ability to find value add deals by using off market strategies. This skill, coupled with and strong underwriting skills, enables them to be a sharpshooter in finding under-performing assets and turning them around into profitable investments.   If you like what you hear be sure to like, share, subscribe! Podcast- Mindful Multi-Family show Instagram- Chris_Salerno_ Youtube Channel- Chris Salerno Like, subscribe, share, and comment below!

James Kandasamy is a bestselling author and award-winning multifamily syndicator. Since establishing Achieve Investment Group, LLC in 2015 James has syndicated 9 large apartment complexes, totaling 1700 units, and grown his portfolio to $130M+.   Learn More About James Here: Achieve Investment Group: Achieveinvestmentgroup.com   What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/  ◾ Global Investors Web Page: charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/  

If you are in the real estate game currently or are thinking about diving in, chances are you have heard the term 'refinancing'. If you have not, do not fear, we have James Kandasamy from Achieve Investment Group here to explain the idea and share his wisdom on the subject! James joins us for this edition of Asset Management Fridays and we go through all the important points about refinancing and how James has used it to build his business. He has experienced amazing growth and success in a relatively short period of time and we hear all about his impressive business before jumping into what refinancing entails. We unpack the intricacies of the topic, talking about return on capital versus return of capital and which types of loans might suit your needs best. James gives us some insight into fees that are associated with refinancing and he warns us about pre-payment penalties and other hazards. We learn a bunch of lessons from James today about your DSCR, avoiding bridge lenders, and more, so make sure to join us on the show to get it all!Key Points From This Episode:James' business and how large his company has grown in the last five years.The tricky business of refinancing; smart times to do it and the power that it offers.Return on capital versus return of capital and the dilution of the term 'cashflow'.Possible difficulties that arise in the refinancing cycle and during the deal.James' ideas on long-term debt and the use of bridge loans. Avoiding pre-payment penalties and making use of conventional bank loans. The array of rates and fees that go into a refinance and the two ways to approach it.James' asset management superpowers: controlling expenses, using data, and more!Tweetables:“When I buy a deal, I already know that that I can refinance this deal in one or two years.” — James Kandasamy [0:01:53]“The power of commercial real estate, especially on a deep value add deal, is on refinances.” — James Kandasamy [0:02:46]Links Mentioned in Today's Episode:James Kanasamy EmailMulti-family Investors Facebook GroupJames Kandasamy on LinkedInAchieve Investment GroupAchieve Wealth Through Value Add Real Estate Investing PodcastFannie MaeZillowAPT Capital GroupAPT Capital Group - YouTube ChannelApartments.comGarzella Group

James Kandasamy is a bestselling author and award-winning multifamily syndicator.  Since establishing Achieve Investment Group, LLC in 2015 James has syndicated 9 large apartment complexes, totaling 1700 units and grown his portfolio to $160M+.  In addition, he holds the prestigious CCIM designation as well. With over 6 years of experience in real estate and more than 4 years in multifamily acquisitions and asset management, James harnesses his experience and drive to offer clients firsthand, vertically integrated services in multifamily investment, finding off-market deals, asset, construction, and property management. Achieve Investment Group prides in their ability to find value add deals by using off-market strategies. This skill, coupled with and strong underwriting skills, enables them to be a sharpshooter in finding under-performing assets and turning them Contact Details:https://achieveinvestmentgroup.com

This is the episode for passive investors who want to make smarter investments in syndicated commercial real estate, specifically multifamily, and today's guest is James Kandasamy, who has the insider secrets! Since establishing Achieve Investment Group, LLC in 2015, James has syndicated nine large apartment complexes, totaling 1,700 units, and has grown his portfolio to more than $130 million. His pragmatic skills in solid communication, interpersonal, analytical, and organizational leadership skills as well as his deep-rooted background in real estate investment are what makes him unique. With over six years of experience in real estate and more than four years in multifamily acquisitions and asset management, James harnesses his experience to drive to offer clients firsthand vertically integrated services and multi-family investment funding off-market deals, asset, construction, and property management.Our gracious sponsor:Lionshare Bookkeeping believes the key to generating wealth is understanding where it comes from, and where it needs to go. They provide bookkeeping and financial coaching exclusively to Real Estate Investors - focusing on cash flow, strategy, and action. Go to http://bit.ly/LionshareBookkeeping to connect with them now.

James Kandasamy is the principal in Achieve Investment Group - a vertically-integrated real estate company. He also hosts the Achieve Wealth Podcast who helps listeners become successful investors. He has identified, underwritten and overseen the acquisition process of over $130m of quality multifamily investments. Here are the key links from the episode: Passive Investing In Real Estate Achieve Investment Group   Marc's Links 5 Day Podcast Launch Mini Course From $0 To $100K+ With Content Marketing Schedule a free strategy call

Andrea Weule lives with the motto “Trust but Verify” and approaches businesses and systems with this mindset. Andrea is the CIO of the Achieve Investment Group, a company that helps people build long term wealth through passive investments in real estate. She is also a coach and mentor with Wealth Health Growth where she empowers individuals with the skills to achieve passive wealth through real estate investing. As a connector, she partners with individuals across the country, introducing investment opportunities and partnerships that scale businesses, achieving increased growth, and revenue. Andrea is also the co-author of the book A Time to Profit: Real Strategies...From Two Real Women Cashing-In on Real Estate.I'm looking forward to this conversation where we'll be talking about how Andrea creates systems and teams that work and help scale. [00:01 - 02:44] Opening SegmentLet's get to know Andrea WeuleAndrea gives us some background on how she started in entrepreneurship[02:45 - 06:56] Create Systems that WorkAndrea gives some key lessons she's learnedCreating systems and teams Trust but verify [06:57 - 10:31] Teams and Networking in SyndicationAndrea talks about her current focus on syndicationWhat Andrea brings to syndication The structure of Andrea's deals and how to find the partners[10:32 - 14:20] Scaling Leads to Time FreedomHow scaling has changed the way Andrea invests Diving into Non-profitHow long it's taken to achieve her current results; Key to success[14:21 - 16:47] Closing SegmentAndrea's advice to aspiring investorsHow Andrea invests in herselfMaking the world a better place How to reach out to Andrea - links below Final words from Andrea and MeTweetable Quotes:“Create systems that work. You know, when something gives you a result don't stop doing it, just try to make yourself better at it, and then do things that are similar so that you can continue to grow.” - Andrea Weule“I think there's kind of a motto I live by, it's, ‘Trust but Verify,' that's very powerful when it comes to working with that team of people. You want to have the right people on your team…” - Andrea Weule“Scaling not only creates financial freedom, but it creates time freedom which I think is even more valuable, and it gives you that ability to truly give back to your community.” - Andrea WeuleResources Mentioned:A Time To ProfitArchway Housing Non-ProfitWealth Health Growth Website------------------------------------------------------------------------------------------Connect with Andrea on LinkedIn, and Facebook. Visit her website https://acinvestmentgroup.com to learn more.Guest email: info@wealthhealthgrowth.comConnect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com

Andrea Weule lives with the motto “Trust but Verify” and approaches businesses and systems with this mindset. Andrea is the CIO of the Achieve Investment Group, a company that helps people build long term wealth through passive investments in real estate. She is also a coach and mentor with Wealth Health Growth where she empowers individuals with the skills to achieve passive wealth through real estate investing. As a connector, she partners with individuals across the country, introducing investment opportunities and partnerships that scale businesses, achieving increased growth, and revenue. Andrea is also the co-author of the book A Time to Profit: Real Strategies...From Two Real Women Cashing-In on Real Estate.I'm looking forward to this conversation where we'll be talking about how Andrea creates systems and teams that work and help scale. [00:01 - 02:44] Opening SegmentLet's get to know Andrea WeuleAndrea gives us some background on how she started in entrepreneurship[02:45 - 06:56] Create Systems that WorkAndrea gives some key lessons she's learnedCreating systems and teams Trust but verify [06:57 - 10:31] Teams and Networking in SyndicationAndrea talks about her current focus on syndicationWhat Andrea brings to syndication The structure of Andrea's deals and how to find the partners[10:32 - 14:20] Scaling Leads to Time FreedomHow scaling has changed the way Andrea invests Diving into Non-profitHow long it's taken to achieve her current results; Key to success[14:21 - 16:47] Closing SegmentAndrea's advice to aspiring investorsHow Andrea invests in herselfMaking the world a better place How to reach out to Andrea - links below Final words from Andrea and MeTweetable Quotes:“Create systems that work. You know, when something gives you a result don't stop doing it, just try to make yourself better at it, and then do things that are similar so that you can continue to grow.” - Andrea Weule“I think there's kind of a motto I live by, it's, ‘Trust but Verify,' that's very powerful when it comes to working with that team of people. You want to have the right people on your team…” - Andrea Weule“Scaling not only creates financial freedom, but it creates time freedom which I think is even more valuable, and it gives you that ability to truly give back to your community.” - Andrea WeuleResources Mentioned:A Time To ProfitArchway Housing Non-ProfitWealth Health Growth Website------------------------------------------------------------------------------------------Connect with Andrea on LinkedIn, and Facebook. Visit her website https://acinvestmentgroup.com to learn more.Guest email: info@wealthhealthgrowth.comConnect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com

What you’ll learn in just 17 minutes from today’s episode: Find out what makes multi-family deals more scalable than single-family deals  Learn how to raise capital and continue growing by just word of mouth  Find out the essential considerations when transitioning from single-family to multi-family deals  Resources/Links: Get your FREE book called Passive Investing in Commercial Real Estate by James Kandasamy. Click here:https://passiveinvestinginrealestate.com/get-the-free-passive-investing-book1  Summary:  James Kandasamy is the principal Director of Acquisition and Investor Relations at Achieve Investment Group. He has over five years of experience in real estate with more than three years in multifamily acquisitions and asset management. His expertise is in finding value in Multifamily opportunities. He has identified, underwrote, and oversaw the acquisition process of over $130m of quality multifamily investments (9 Assets). He also ran each business plan’s execution in the portfolio with an average IRR in a portfolio of more than 20%. He earned a Bachelor of Science in Electrical Engineering (Hons) from the Science University of Malaysia and an MBA from the University of South Adelaide (Australia).  In this episode, James talks about his transition from single-family homes to multi-family properties. As to him, single-family home is a good place to start, but multi-family has an advantage that you can’t find in single-family strategies – in terms of adding value to the property, more cash returns, refinancing terms, and increased ROI. Topics Covered:  01:31 – His first investment strategy when he started  01:51 – What made him shift from single-family to multi-family  02:32 – Doing BRRRR with multi-family properties  03:01 – What his portfolio looks like  03:21 – Why focus on particular market areas  04:12 – A value proposition that differentiates you from the rest  05:25 – On building credibility and track record  07:24 – Important points to consider when transitioning from single-family home to multi-family deals  09:32 – How many investor partners he had with his first multi-family venture  11:11 – How to stay compliant with SEC  11:56 – How did he get his 1700 units in five years  13:00 – Why talk to people who have already done big things beforehand  15:10 – How does he raise capital these days  Key Takeaways:  “The power in commercial real estate such as multifamily is, you just can’t find it in single-family, the power of where you can add value, you can increase the ROI and you can basically do cash-out refinance. And at the same time, my back-end upside is just so much just because you have built up that equity.” – James Kandasamy   “That’s what we do in multifamily space, BRRRR, which is a big space and big money, as well.” – James Kandasamy   “We focus on one market because we are vertically integrated company, which means we have asset management, property management, and it’s important that property management companies focus on one submarket because there’s so much of sharing and market knowledge that can be utilized.”- James Kandasamy  “You need to find some kind of value proposition on why you are different from another buyer out there, otherwise you will just be another buyer? But if you know the local market and you are able to optimize your operation to squeeze all the juice out of an investment, you have a different value proposition. That’s important.” – James Kandasamy  “I think people judge you just by the knowledge that you bring to the table, and by your credibility and your track record, and you build that slowly. I mean, starting up was really, really difficult.” – James Kandasamy  “When we started, we buy off-market deals where we went direct to the sellers, and we bought direct from the sellers without brokers involved. So, once I have one deal, then I’m known by a lot of brokers in the market,” – James Kandasamy  “Set your mindset that I am going to go big. Once you go above five units, you go into the commercial space.” – James Kandasamy  “If you do multifamily, you have to be able to do syndication, where you raise money from others for the down payment. You have to convince a group of passive investors to give you money so that you can go and buy these bigger deals.”  – James Kandasamy  “You have to make that leap, to convince people to invest with you, tell them that what you’ve done in single-family because there’s a lot of people out there who want to go big and asks why they should be giving money. All that counts in to give them that confidence.”  – James Kandasamy  Connect with James Kandasamy:  achieveinvestmentgroup.com  Facebook  YouTube  Twitter  Connect with Dave Dubeau:  Property Profits Podcast  www.davedubeau.com  www.investorattractiondemo.com  Facebook  LinkedIn  Enjoyed the Podcast?  Please subscribe on iTunes for updates 

James Kandasamy is the Principal – Director of Acquisition and Investor Relations at Achieve Investment Group. He has over 5 years of experience in real estate with more than 3 years in multifamily acquisitions and asset management. Today, James controls 1,700 multifamily apartment units valued at over $130M. He is also the author of Passive Investing in Commercial Real Estate: Insider Secrets to Achieving Financial Independence. Connect with James - Website: https://achieveinvestmentgroup.com/Free book: https://passiveinvestinginrealestate.com/Email: James@achieveinvestmentgroup.comFacebook/Linkedin: James KandasamyLearn with James: https://achieve-academy.net/

Today's guest is a former engineer before transitioning to multifamily investing. He's the author of Passive Investing in Commercial Real Estate, is a speaker, podcast host, and a principal at Achieve Investment Group with over 1700 units under management. Mark and James discuss vertical integration, the stock market, and how to be the Warren Buffet of real estate. Show notes and links to James' free book: https://bit.ly/3piPAMF

James Kandasamy is a bestselling author and award-winning multifamily syndicator. Since establishing Achieve Investment Group, LLC in 2015 James has syndicated 9 large apartment complexes, totaling 1700 units and grown his portfolio to $130M+. With over 6 years of experience in real estate and more than 4 years in multifamily acquisitions and asset management, James harnesses his experience and drive to offer clients firsthand, vertically integrated services in multifamily investment, finding off-market deals, asset, construction, and property management.

James Kandasamy, an everyday W2 employee, after 20+ years of corporate career, decided to jump into the world of entrepreneurship, albeit the brick and mortar kind. About 6 years ago, he started by building a portfolio of a handful of investment properties bringing in rental income and today, leads Achieve Investment Group which holds a portfolio of about 1700+ apartments ($130M) in Texas. James focuses on vertical integration of property management, syndication of deals & teaching others how to do it as well. Listen in!

If you are in the real estate game currently or are thinking about diving in, chances are you have heard the term 'refinancing'. If you have not, do not fear, we have James Kandasamy from Achieve Investment Group here to explain the idea and share his wisdom on the subject! James joins us for this edition of Asset Management Fridays and we go through all the important points about refinancing and how James has used it to build his business. He has experienced amazing growth and success in a relatively short period of time and we hear all about his impressive business before jumping into what refinancing entails. We unpack the intricacies of the topic, talking about return on capital versus return of capital and which types of loans might suit your needs best. James gives us some insight into fees that are associated with refinancing and he warns us about pre-payment penalties and other hazards. We learn a bunch of lessons from James today about your DSCR, avoiding bridge lenders, and more, so make sure to join us on the show to get it all!Key Points From This Episode:James' business and how large his company has grown in the last five years.The tricky business of refinancing; smart times to do it and the power that it offers.Return on capital versus return of capital and the dilution of the term 'cashflow'.Possible difficulties that arise in the refinancing cycle and during the deal.James' ideas on long-term debt and the use of bridge loans. Avoiding pre-payment penalties and making use of conventional bank loans. The array of rates and fees that go into a refinance and the two ways to approach it.James' asset management superpowers: controlling expenses, using data, and more!Tweetables:“When I buy a deal, I already know that that I can refinance this deal in one or two years.” — James Kandasamy [0:01:53]“The power of commercial real estate, especially on a deep value add deal, is on refinances.” — James Kandasamy [0:02:46]Links Mentioned in Today’s Episode:James Kanasamy EmailMulti-family Investors Facebook GroupJames Kandasamy on LinkedInAchieve Investment GroupAchieve Wealth Through Value Add Real Estate Investing PodcastFannie MaeZillowApartments.comGarzella Group

The multifamily space has always been a prime space to look at. Since the middle of the recession, apartments have been booming, and many real estate investors have since tried to make the most of this opportunity. Joining Lisa Hylton on today's show is James Kandasamy, the Principal – Director of Acquisition and Investor Relations for the Achieve Investment Group, who deep dives into a 330% investment return. James' expertise is finding value in multifamily opportunities. He shares how he got started investing in multifamily, as well as some of the key things he applies when executing a business plan for particular properties. This episode will bring a ton of value to you as you think about diving deeper into syndications and investing passively.Love the show? Subscribe, rate, review, and share!Here's How »Join The Level Up REI Podcast Community today:lisahylton.comTwitterInstagramFacebookLinkedInYouTube

Passive investing in commercial real estate has increased in popularity, especially over the last decade. At the same time, the knowledge surrounding the space has not grown as quickly as the popularity for the investments has. This can be a cause for concern, as investing without prudent strategies is a great way to lose a considerable amount of money. Our guest for today is James Kandasamy, who is the Principal at Achieve Investment Group, which is a multifamily investor with a focus on Texas. Achieve Investment Group owns 1,700 units currently. James also is the author of Passive Investing in Commercial Real Estate: Insider Secrets to Achieve Financial Independence.  Today we are going to discuss... Whether your cash flows are being counted as a return of capital or return on capital Where we get accurate underwriting standards if 98% of broker's opinions are useless If you are going to close 5 deals, whether that means you should underwrite 100 or not Learn more about our guest: Website: AchieveInvestmentGroup.com Email: James@achieveinvestmentgroup.com

In this episode we are super excited to have on James Kandasamy, of  Achieve Investment Group, who owns and controls approximately 1700 units consisting of nine large apartment commercial real estate assets valued over $130M. They focus on partnering with busy professionals to invest as equity partners in the commercial real estate space. Over 6 years of experience in real estate with more than 4 years in multifamily acquisitions, property, rehab and asset management. He won the 2017 Property Of the Year- Best Rehab award for the City of San Antonio. We will learn how he was able to ditch single family investments and start buying larger multifamily assets in 6 months.  In addition to that we will discuss the following topics:2:12    From Single Family Home to Multifamily Investing3:16    Switching Industries from an MBA Electrical Engineer to Fully Time Multifamily Investor4:09    Buying The 1st Large Deal5:01    What is a Key Principal (KP) & Why Is Having One Important For Multifamily Investing5:43    Single Family VS. Multifamily Valuations6:49    What is Value-Add7:24    Getting the Most Bang For Your Buck9:31    What is the BRRR Model? 10:23  How James Used The BRRR Model To Make $1.5M & $5M in 12 Months!11:31  The Importance of Having The Right Team & Mentors12:11  Don't Underestimate The Foundation that SFR Investing Has In Your Success13:23  Mindset & Persistence Is The Secret Sauce15:43  How Long Did It Take To Acquire The 1st Large Multifamily Deal?17:15  Dissecting the Deal19:45 What Is Non-Recourse?22:10 "Achieve Wealth Through Value Add Investing Podcast" - Voted Top Podcast in 201923:00 "Passive Investing In Commercial Real Estate Insider Secrets To Financial Independence" - Best Selling Book27:23  Stock Market VS. Real Estate Investing. The Importance of Predictability.Guest: James Kandasamywww.AchieveInvestmentGroup.comText "Achieve" to 38470 to Subscribe to the Newsletterhttps://www.facebook.com/achieveinvestmentgroup/https://www.linkedin.com/in/jameskandasamy/Follow The Jon Gil Podcast Show:Instagram: https://www.instagram.com/thejongilpodcast/Listen on Spotify, ApplePodcasts, iHeartRadioCheck out our Partners: El3ment Studios About: Full service media production companyhttps://el3mentstudios.com/Instagram: https://www.instagram.com/el3mentstudiosFacebook: https://www.facebook.com/el3mentstudios/Goldbay AdvisorsAbout: Servicing middle-market commercial real estatehttps://goldbayadvisors.com/Instagram: https://www.instagram.com/goldbayadvisorsFacebook: https://www.facebook.com/GoldBayAdvisorsAUM Capital About: Acquiring value-add multifamily deals throughout the country.Instagram: https://www.instagram.com/aumcapitalllc/Facebook: https://www.facebook.com/aumcapitalllc/

Get ready to hear active and passive investors share their stories about the good, bad, and ugly aspects of real estate investing. The Untold Stories of Real Estate Investing Podcast is hosted by Wayne Courreges. In this episode, Wayne talks to James Kandasamy with the Achieve Investment Group. James has syndicated nine multifamily properties valued over $130 million. Also, he’s the author of Passive Investing in Commercial Real Estate: Insider Secrets to Achieving Financial Independence. If you’re interested in multifamily syndication, seek guidance from James through his Achieve Academy Mentorship Program. Topics on Today’s Episode: Achieve Academy Mentorship Program: Be an operator, raise money, manage assets James’s Journey: Started by acquiring single-family properties; shifted to multifamily Why single-family investing? Produces better returns, deals everywhere⁠—one at a time Why multifamily investing? Scale wealth faster, syndication opportunities, higher value Single-family Pitfalls: Flips are stressful but profitable; contract management Multifamily Pitfalls: Difficult to find deals and build relationships with brokers Most Overlooked Aspects: Roof condition, sewer lines, tenant demographics/occupancy Lessons Learned: Conduct thorough inspections and perform due diligence What should passive investors know? Construction, competition, cashflow, and capital COVID-19: Adapt and take operations approach by filling vacancy of existing properties Foundational Success: Real estate is fun, takes work, and adds value to people’s lives Links and Resources: James Kandasamy’s EmailText “achieve” to James Kandasamy at x38470Achieve Investment Group Achieve Academy Mentorship ProgramPassive Investing in Commercial Real Estate: Insider Secrets to Achieving Financial Independence by James KandasamyJames Kandasamy on LinkedInJames

Have you been trying to figure out which investment would give you the best return and deliver the financial freedom you've always been dreaming of? Let's hear it from someone who has "been there-done that". James Kandasamy, Award-Winning investor, host, speaker and author, talks about his own experience in the stock market trading and real estate investing. He oversees $130M worth of multifamily investment with the company he founded Achieve Investment Group. Will you trade or will you invest?

Learn with James Kandasamy about how he built up his portfolio from starting with single family homes all the way up to 1700 apartment units, and the systems he put in place to be successful. James Kandasamy is the Principal - Director of Acquisition and Investor Relations at Achieve Investment Group. He has over 5 years of experience in real estate with more than 3 years in multifamily acquisitions and asset management. His expertise is in finding value in multifamily opportunities. He has identified, underwrote and oversaw the acquisition process of over $30m of quality multifamily investments totaling 1700 units. 3 Pillars 1. Mindset that you can create wealth 2. Persistence to think differently from everyone else 3. Work hard because there is no shortcut to success Books: The One Thing by Gary Keller, and The Most Important Thing by Howard Marks You can connect with James on Facebook in his Multifamily Investors Group, www.achieveinvestmentgroup.com, James@achieveinvestmentgroup.com, or on LinkedIn. Check out his podcast Achieve Wealth Through Value Add Real Estate Investing Podcast, and check out his book Passive Investing in Commercial Real Estate. Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Sign up for the April 24-25, 2020 Northstar Real Estate Conference at www.nreconference.com and use the coupon EARLYBIRD for $100 off. Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

James Kandasamy is the principal in Achieve Investment Group – a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management. A well-known multifamily operator, James has over 5 years of multifamily experience, and 6+ years of experience in real estate overall. In addition, through his work, James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations. He is the author of Passive Investing in Commercial Real Estate: The Insider Secrets to Achieve Financial Independence which is currently available on Amazon and Audible versions. He speaks with us about the shifts happening right now in the market, demographics and mindset.   https://achieveinvestmentgroup.com/   The Rundown Rand Cares Single Family Equity Multifamily Why Real Estate W-2 Stocks Engineering ROI Fear & Emotions Remodeling Success in Multifamily Off Market Quick Turnaround Value Add Vertical Integration Optimization Numbers Don’t Lie Reading A Lease Market Cycle Black Swan Effect Demographics Finding Deals Marketing to Sellers The First Deal Texas Property Managers Contractors Cash Out Refi ListSource Brokers Proven Closer Tire Kickers Fiduciary Responsibility Underwriting Willing to Walk Away Expense Ratio Habits for Success Mindset Subscribe to our Youtube Channel for lots of great content!   Get tickets to our next Multifamily Mastery Event in Orlando!

James: Let's get started. One, two, three... Hi, audience, this is James Kandasamy from Achieve Investment Group. Today we are going to be having JC Castello from our Achieve Wealth True Value-add Real Estate Investing Podcast. And I would like to welcome JC to the podcast. Hey JC, welcome. JC: Hey, thanks, James. Thanks for having me. James: So JC has what? Right now, around 725 units worth around 70 million and he has bought and sold like 1000 over units. And he primarily focuses on DFW and he's in the Bay area. So, did I get all your facts right, JC? JC: Yeah. You got in just about right. That's right. James: So, do you want to tell our audience about, how did you get started? How is your company structured? Because your company structure, it's very interesting for me. So go ahead and do that. JC: Yeah, I mean, how I got started in the multifamily business. I have an engineering degree and I've been working in the technology sector in a past life for about 15 to 20 years in semiconductors. And somewhere along the way, I always had a big passion for real estate. Pretty early on in my semiconductor career, I started buying single-family rentals in the Silicon Valley area and realized that I needed to be able to scale it a lot better because I was so busy with work that managing single-families wasn't all that easy. So I started just going to a lot of networking events, real estate clubs and whatnot, asking a lot of questions of people and I found out about apartments and found out that they were a lot more scalable. And so, I read everything I could. I got my hands in all kinds of books and went to lots of different seminars and training and networked with a bunch of the local investors here in Silicon Valley. I had sold a couple of my single-family homes originally wanted to buy an apartment complex here in San Jose. And I did all the numbers and it was negative cash flow, pretty much from the beginning. And I thought, well if I'm gonna buy for equity because there's no cash flow, I'd rather just keep buying homes because I think homes in Silicon Valley are better equity drivers than an apartment complex. So that led me to really look outside of California for cash flowing apartment investments. And I did a lot of research and everything was telling me that Texas was a great area to go. I mean, this was back in like 2004/5. And so, after a little bit of research and some time passed about 2006/7, I was ready to kinda go and take my money out to Texas and get it going. And so kind of, that's how I got started and that's kind of how my company was born. James: Awesome. Awesome. So, yeah, I was in the Bay area a couple of days back and I'm meeting some of my investors. It's just so crazy, the prices there. And I mean, one of the investors asked me, 'You know, why don't you buy in this area?" I said, "I like to make money from thin air." Then he asked, "How is that?" I said, "I like my tenants to pay for my mortgage." So which means I want it to be cash flowing and I still get cashflow on top of it. So pay the mortgage and get cash flow. So if you buy in the Bay area or even in LA, I mean, a lot of coastal cities, just the cap rate is so low, you know, you basically, appreciation play, which means you buy the deal and you pray that it's going to go up. Right? So, JC: Yeah. And look, I'm not here to tell you or tell anybody that investing in real estate in California is not a good thing. It's actually a very, very good thing. I mean, I own personal homes here in California and various places and they've been great investments for me, but they're not cash flow investments; they're equity plays. And so over the 10, 20, 30 years, absolutely; it's been phenomenally great, including any of the single family rentals that I had in the past. But I like to buy single family homes here in an equity state and I like to buy cash flowing properties for apartments in other more cashflow yielding places like Texas. So that's kind of my investment philosophy. James: Got it, got it. So you started like in 2006, 2007. So at what point of your life was that, were you working at that time and how did you get that aha moment, okay, I need to invest in real estate? JC: Yeah. Well you know, in 2001 and you would know this, James, I think you're an ex tech guy, there was the whole technology bubble burst. And I was several years out of college in a professional working environment, got laid off from an engineering job and that really caused me to do a little bit of reflection in 2001 after September 11 hit. And that's kind of where I had my aha moment, if you will. And right around that time, I read Rich Dad/ Poor Dad by Robert Kiyosaki, which changed my perspective on things as did I know a lot of other people. And it taught me about assets and liabilities first and foremost. Assets put money in your pocket, liabilities take money out of your pocket. And I realized that even though I had been a young guy that had been successful and, and bought my own single-family home, really, it wasn't putting money into my pocket because it was a liability. I had to pay the mortgage every month. So long story short, I decided that I was going to start investing in rental real estate as I got back into my next technology job, once the sort of 2001 recovery happened and that's what I did. Ever since then, I was like, look, real estate rentals are going to be what the thing that I'm going to do is and I'm pretty passionate about it anyways. I always liked real estate, so that's exactly kind of how I got started on my path. And I worked all the way up at my job until 2011 which is when I effectively left my W2 semiconductor job. I actually also helped start another company up with a couple of my other buddies from my ex-technology company. And so we did a startup company that was successful as well. And we did that from about 2012 to 2018. Actually the company's still going, but I'm no longer part of it. So I like to work really hard. James, I'll tell you that much. James: That's crazy. So, I mean, you are a tech guy. I mean, I didn't know until we talk a few months back on how many similarities we have. I used to be in the semiconductor industry as well. So I mean, why not you looked at stock at that time? I mean a stock used to be like, I mean a lot of engineers, like for me, I was like intrigued with stocks. I was always saying, let me solve the worldwide puzzle here of the stock market. So did you try that as well? JC: Yeah, definitely in my younger years. I mean, I drank the Koolaid like everybody else, you know, I was in love with the stock market. And I saw tech stocks, every day going up like gangbusters. So it was like, okay, let's pick Broadcom, let's pick Cisco, let's pick all these other tech stocks that were going to make us all multi-millionaires. And it was kind of a wild ride because there would be some big ups and then there would be some big downs. And so, it just got really frustrating because I find myself thinking about how our stocks were doing every day and sort of checking in on E-Trade accountants and seeing whether I had made money or lost money. And I just said, look, it's not worth it. I don't want to live like that. So, I think what I've learned since then is, look, I'm not here to say that the stock market isn't a great investment. I think what I'm here to say is that a financial advisor that's worth his salt is going to tell you that you should definitely have a good healthy mix of stocks, bonds, money market, and alternative assets, which real estate certainly fits the bill. And I think that 10 to 20% is about what people recommend that are financial experts in terms of how much you should be allocated to things like real estate. So I'm a big believer that people should never swing too much any one way. Make sure and be a little bit diversified, but certainly, 10 to 20% at least in real estate is a good healthy number. James: Got it. Yeah, I mean, I was intrigued with stocks as well and you know, it's all technical analysis. I did a lot of book reading and trying to solve and you know, Japanese candlesticks books and all that. But I think it works with a lot of fear and emotion. I mean, fear is great, it works with a lot of emotions. Which is, you can say numbers don't lie but in the stock market, the numbers can be manipulated using fear and greed by big institutions and that's where I got caught. Every time I go to stock markets, I lose money. JC: And the other thing too, I think the other thing that's important to understand is, it's not just about how much you're making before tax. One of the things that I think I'd made the mistake of as a younger person was not fully understanding how to invest with maximum tax sheltering and maximum tax advantage. And one of the things that I've seen with real estate investing is that there are huge tax incentives out there. Everything legal that encourages you as a real estate investor to keep doing it. And there are extremely, especially now with the tax cuts and jobs act that was passed and that went into effect in November of 2017. The benefits of the tax sheltering piece of real estate investing is extremely phenomenal. And so I think that the real aha moment is not just that you can invest in real estate and make good cash flow, but it's that you can invest in real estate, make good cash flow, and not pay taxes on that cash flow that you're putting in your pocket. That's really amazing. James: Got it, got it. So, coming back to your transition from a W2 job to a full-time real estate entrepreneur. So you said you started in 2006, but only after quite a number of years. When did you become a full-time person? JC: 2012. James: Okay. So what were you thinking in 2012, beginning January of 2012, what were you thinking and when did you resign and what was that trigger that allowed you...? JC: Well, you know, the trigger was, as I told you, I'm a 'slow and steady wins the race' type of person. My investment philosophy is 'go long, not short'. I always like to take the long route cause I believe in taking as little risk as possible to get where you want to get. So, I stayed with my company and my job for a long time and maybe even longer than I needed to because I also did another company with a couple of other buddies. But what that did was that gave me a real stable base so that I was never taking any risk. And so my route in real estate has never been to take big risks and I apply that same philosophy to our company in the way that we buy properties and the way that we look to partner with investors. We are always going to take the lower risk path. We're not just looking at yields and looking for the highest yields. We're looking for the highest mix of risk-adjusted returns. That's what we're looking for. And so that is I think a fundamental piece of why my journey took a little bit longer, in terms of transitioning away from a W2 job. James: So did you have a goal of a certain income level, a certain percentage of your W2? I mean, you don't have, tell me the percentage, but was that goal that you decided if I hit this much income in real estate, okay, I'm going to go full time into this. I'm okay to let go of my...? JC: Yeah. I mean, I definitely had some numbers in mind and they were, obviously, based on my costs of living. So as soon as I was able to bring in enough free cash flow that was greater than or equal to my cost of living with some margin, then I was comfortable exiting. And so, I think that's an important consideration for anybody that's doing this stuff. And you want to make sure, you know, you don't need to be necessarily significantly positive, but your costs of living, whatever it is, you should really be able to at least cover that. And I'm not talking about with like, you know, I'm talking about just with money coming in from rentals and whatnot, not talking about, you know all the other fees and whatnot that you generate. James: Yeah. Yeah. Correct. I mean, just advice to whoever listening. Sometimes you go for the weekend boot camp and you think that there's no point of working a W2 job. I mean, there's no such thing, right? I mean, real estate is awesome but it takes time to get to a certain level of income. And especially if you have [13:22unintelligible] in life, just don't give up on your work and go into real estate; take it slow and steady and you will get there. I mean, there's a lot of learnings to be done in real estate anyway that you can't learn in a weekend boot camp. JC: It's very, very wise words. And I hope that anybody out there would listen to that. James: Yeah, absolutely. So now you're in California, right? I mean, I don't know which year was this. So now you look at Dallas. Why did Dallas flash in front of your eyes? Why not Phoenix or Austin or Orlando, Tampa? JC: Well, Texas, as a whole. When I was doing my research, one of the big stats that jumped out to me was that I believe it was in 2008...I think it was 2008, Texas became the number two state in terms of the number of Fortune 500 companies headquartered in the state. It actually surpassed California. And before that, I had seen a lot of data that was telling me that this transition was happening from a corporate side. And from a corporate side, as we all know, Texas has a very business-friendly state. And I also saw a lot of migration patterns that were happening that were driving people away from the coastal areas, specifically California, and driving them to Texas. Also to Pheonix but not in the sheer magnitude that they were going to Texas. So really for me, what convinced me to go to Texas was the data and it was the job growth, the population growth. And the other thing that really convinced me was the quality of life that could be had in Texas for a relatively low amount of money. Back in 2006, when I first started buying out there, you could buy a pretty decent home for 150 to $200,000 in Dallas, Fort worth. Now, of course, you know, I had to decide, you know, it wasn't just Texas, it's where you're going to go in Texas. There are basically four major areas you can go; you can go to Houston, you can go to San Antonio, you can go to Austin or you can go to DFW. I chose DFW because Houston, to me, was a little bit more of an oil-based economy so I didn't like being dependent on oil. If the oil was good, everything's good in Houston. If oil goes bad, it can be a little bit difficult. And Austin, I really, really liked; I continue to love Austin. However, I always knew that Austin was like Silicon Valley. The dirt is very expensive, so the cap rates are a little bit lower so they don't cash flow quite as well. But I still do like Austin if I had to say, the second market in Texas. San Antonio is just sort of a little bit slow and steady. There's really no significant job growth, at least not significant, you know, amazingly. And there's slow and steady population growth. So everything in San Antonio is hunky-dory for a long time, but there's no real like superstar momentum there. DFW, on the other hand to me, had a lot of the characteristics that I felt was perfect for an investment home for me. I wanted to be there for 10, 20, 30, 40 years. They've got a very diverse economy, lots of different jobs sectors and they are tops in the nation for job growth, population growth, consistently. And the quality of life there is very, very good. There are 8 million people, 4th largest metroplex in the nation behind New York, one; LA, two and Chicago three. And actually, of those top three, they're all sort of negative population. So meaning, they're losing people in Texas; Dallas Fort worth is gaining. So for all those reasons, I thought back then that this would be a great place for us to go set up shop and I haven't been disappointed. It's been a great run, to be honest with ya. James: Got it. So now you decided on Dallas. What was the first step? I mean, who did you first establish contact with and how did you build your team? JC: Yeah, you know I was a big believer in shadowing people. So I had a couple of friends that I had met and gotten to know in the local Silicon Valley real estate circles who were buying apartments in Dallas. And so, I would shadow them. I would get on a plane and go with them when they would go check on their properties. And because they saw that I was willing to do that, they took me around to the local brokerage shops, Marcus & Millichap and all the other shops and they introduced me to all the brokers. And because these guys were already doing deals and established when the brokers met me, I had a little bit of credibility, not much, but I had more than just if I had come in on my own without them saying that I was a good guy. So that's the way that I got my start in the apartment world in Dallas, coming from California. James: Got it. So, I mean, if I understand your business, you own the asset management, but you also own your own property management company. JC: That's correct. Yeah. We opened up shop in 2013. We integrated the third party operations in house and we formed our own management company and we've been managing our own properties since then. James: So that's really unique because I mean, even for me, we have our own property management company, but we are here in Austin, San Antonio, so we are locals. But how did you do it from California and then you establish a property management company and why did you decide to do that rather than a third-party property management company? JC: Well, the how and the why. The why, I sometimes ask myself why multiple times. But I know after getting through all the hard times and now that we've got a model that works really, really well, I know that it was worth it for us. Because we have a large degree of predictability by having operations in house. I never throw stones at third party management companies because I've walked a mile in their shoes now. And I think it's a difficult business even when you control it yourself. And I think that third party managers, for the most part, are extremely good. I'm not here to say that we have built a significantly better mousetrap, but what we do have is we have a mousetrap that we built. And so, we know the process of how we go to market with it and we know what the numbers are and so, we have a high degree of predictability for our investors. At the end of the day, it's all about making sure that we deliver what we said we're going to do for our investors. And so the predictability piece that we have by having the operations in-house for us is key. How did I do it? You know, it wasn't easy. I think that you have to look for a superstar person that you can find that has enough talent to be able to sort of get this off the ground in the local market that you've built your portfolio in. And I was fortunate enough to find that person through a lot of hard work and some luck. And once I found that person, I knew that it was going to work and that was the big difference for me. James: And when you started in 2013, how many units did you have that you were convinced that you can have your own property management company? JC: It wasn't that many. I think we had maybe four properties, maybe five properties, something like that. James: Like a few hundred units. JC: Yeah. A few hundred units. Yeah, that's right. James: So who was this first person, what was that person's role? I mean, you don't have to name names, but I want to know the role of that person. JC: I mean, they were the VP of Operations. That's what they did. Everything related to operations was what they were responsible for. James: So you hired VP of Operations and from VP of Operation, the other person hired the rest of the crew? JC: Yeah, absolutely. Well, I mean, look, we're only 725 units currently, so we don't necessarily have a bunch of regional managers working for our company and we're set up a little bit differently than sort of your traditional management companies. But what I will say is that you really need that foundational person, that foundational piece if you want to have a successful operation in any one given market. James: Okay. Okay. Got it. But what was that aha moment in 2012 that you said, okay, I can't do this anymore 2013, I'm going to do my own property management? What was that push over the cliff moment that you said, okay, I'm giving up on this? JC: You know, I can't say that there was any one particular thing. I think that it was always our strategy to open up our own shop because we wanted to make sure that we had a high degree of predictability within the operations piece. And that's a very valuable component for our investment partners. Being fully integrated doesn't mean much unless it provides good predictability for returns. And what we've seen is that we've enjoyed a very, very high degree of predictability with having our own operations piece. So we're going to continue to have that as part of our model, but at the same time, we're never completely committed to any one particular thing. So meaning that we have a fiduciary duty to do what's best for our investors. If at any given time we understood that our operations or our management piece wasn't the best strategy, then we would certainly look at divesting that piece. I don't see that happening, but we're always open to making sure that we're doing the best thing for our investors. James: So how frequently do you travel from California to Dallas to manage this operation? JC: Well, I tried to get out there, my wife will say I'm out there all the time and I sometimes look back at my calendar and go, yeah, I think she might be right. But usually, it works out to be about six to eight weeks time, is how long I'm out there. And I'm usually out there for a couple of days and I get back to the home base. James: So six to eight weeks through it the year? JC: Right. James: Got it. Got it. So you've tried maybe like once a month or less than once a month, depends on...? JC: Yeah. And it's really as needed too because I have a pretty good system. So I mean, I can jump on a plane tomorrow morning and so it just depends. I get out there as needed, you know, immediately when needed. James: Okay. So let's go into the operational aspects. So you're in California, your operation management, the whole company is here. You have a VP of Operations, you are sitting that you're not coming to Dallas. So tell me like in a week, how would you manage this operation? Is it through Zoom calls, through weekly meetings, through properties or how do you do your asset management? JC: Well, first of all, asset management is handled by a separate person at our company, at multifamily property group. So we do have an asset management person. And in terms of operations, I think as you rightly pointed out, there's a lot of things that we do with technology these days to make it pretty efficient to be managing from another state; Zoom meeting, like what we're doing here is a great one. Lots of phone calls, lots of emails. And also I'm a big believer in driving the company by key performance indices or indicators. And so KPIs, for us, are a big deal because we pretty much keep on top of the numbers from a day to day basis and we manage according to how the numbers are telling us to manage and we go deep where we see that we're having issues with any one particular area. And so, we have a pretty structured way about how we monitor what's happening on the operations piece. And everybody's got a pretty strict lead defined set of roles and responsibilities, which kind of helps to keep everything in motion even though I'm not in the Dallas area. James: Got it. So how frequent do you look at your financials? JC: How frequently do we look at it? I mean, almost every day. James: Okay, good. So when you look at it everyday, what are the KPIs that you look for to see whether the properties are in the right direction or not? JC: Yeah. The big ones we're going to track are income to budget. We're gonna track expenses to budget, especially repairs and maintenance and CAPEX. A CAPEX, the budget, we're going to track, we're going to track current vacancy and we're going to track future vacancy. We're also going to pay strict attention to resident retention; how many people are actually renewing their leases? One of the things on the operational piece that we've learned along the way is that you have basically with the property, you've got a front door and you've got a back door. The front door is where you lease the new units and you bring the new residents in. And the back door is where you have people either renewing their leases after they've been there for a year or you have them leaving your property. And we like to talk about closing the back door because if we can get people to renew their leases, that is worth literally thousands of dollars in expenses and vacancy and marketing to our profitability. So, I think as operators and as investors, we always want to think about buying a property and renovating it and filling it up with people. But we should more care about keeping the people happy and butts in the seats because that's where we're really going to save our money once the property has been stabilized. It takes about 18 months to 24 months to stabilize a property once you buy it and create the value. But then if you're a longterm holder, like we are, you're holding the property for a long period of time. And that's really dependent on how well you operate, how well you provide customer service and how well you can keep the people renewing their leases. So for us, we really like to focus on resident retention. That's a really big deal for us. James: So that's one of the biggest KPI that you look for, resident retention? JC: Absolutely. James: Making sure that back doors close. So can you tell us like one to two things that you do to keep residents renewing? JC: You know, it's really simple, right? You don't want to get too caught up in a lot of complicated stuff so one of the biggest things that you need to do is follow up with people after work orders. Make sure that they're happy. Make sure that the work order was completed.; first of all, completed. Second of all, was it done right? And third of all was the customer happy with the experience? James: So, I think the resident retention is one of the most important things that you guys look at, especially closing the back door. And can you tell us one to two things that you and your company do to make sure that people keep on renewing or motivated to renew? JC: Yeah, I mean, it's important to focus on from a very high level, really the most what should be obviously simple strategies and have a process in place to make sure that it gets followed through. Like, for example, if there's a worker that's placed, following up with the person with a phone call, the customer, and saying, "Hey, was the work order done to your satisfaction? Did you have a good experience, how did you feel about it?" And that's a big deal because a lot of people that don't have work orders completed the right way are the ones that are gonna end up leaving the property with a bad taste in their mouth. And then a lot of people are actually surprised when we call them and they basically are just happy that we chose to call them and follow up. And that actually makes them so much happier, to begin with. So I think following up on work orders. The other thing is following up after a move in and making sure that the unit was fully functional; if there was something that was missed, making sure that you take care of it. And then the other thing that I think is really important is when it comes time to renew, you need to give the resident enough runway, to listen to them when you want to call them to renew. Because they're always going to have some concerns, either if the rent's going up or something. But normally it's actually, a lot of times it's just, "Hey, you know, I've got a couple of things wrong with my unit and I need you to fix them." And so, you've gotta be able to actually talk to them and understand why they're frustrated and fix those things and then they're willing to renew. So I think basic follow up is really the key. Following up with the resident on some sort of a documented frequency that enables you to keep a pulse on how they're feeling about their experience. James: Got it. Got it. So I presume that most of the deals that you buy, you try to do value add on the apartment, right? I mean, you guys do renovation, you've put in good management and all the smaller things in the interior and exterior, is that right? JC: Yeah, I mean basically you got it right. So number one is, acquire the deal at the right numbers. Number two is, renovate; which includes exterior amenities and unit upgrades. And then number three is, put a great operations team in place. And so those are sort of the three pillars of a successful investment and a successful life cycle of an investment for us at least. James: Got it. So what is the most valuable value add that you think in your mind that gives you the biggest bang for the buck? JC: You know, I really couldn't point to any one thing. What I would say is that your upgrades to your units are really important. Because a lot of people get sort of jaded by the exterior pops, like, you know, put some paint on the walls and stuff. But I've found that unit upgrades are really at the core of what you want to give in terms of your experience to the customers when they're walking through. And then the other thing that's really important is that there's a cohesive feel to the renovations that you do from the exterior; be it the painting or the amenities improvements. One of the things that I think people miss a lot is that they put money into exterior items, but there doesn't seem to be a cohesive feel. It doesn't feel like a clean, unified vision for what you wanted to present to the customer. And I think that's a big deal. It goes all the way down to the color schemes and it goes down to the signage and how that matches with the colors and how it matches with the amenities and also how it flows into the leasing office. You know, do the colors and the vision and what you're portraying with the signage and the exterior, does it match to what somebody is walking into the front door to lease a unit? Furthermore, do the units, sort of, match to the vision of what the exterior is saying? So, I think that it's not just one of these things, it's basically having a holistic approach to how you tie it all together so that it feels like a common vision when you drive to the front door all the way till when you go into the model unit. James: Got it. Interesting. Because you are looking at more of cohesiveness of the whole units and how they feel than a specific item. So let's go to your personal side of it. So I mean, you started in 2006 and then now it's 2019, you bought and sold like thousand units. So you must have a good write on the apartment cycles. So why do you do what you do? JC: Why do I do what I do? That's a good question. I think that ultimately what we're doing here is we're basically building a business that is focused on providing a great value to the community, to the customers, to the people that we rent our units to. I think it sounds cliche, but actually I think not enough people to do what we do actually talk about it. You know, when we come into a property and we invest multiple millions of dollars in the renovations and do the transformation of the property, really what we're doing is we're improving the lives of the community that lives there. And it makes a big difference in, we get told all the time how much they care to see all the stuff that we're doing. And so the first thing is making a difference in the community, I think is what's really, really cool. And we've done that over many, many properties now. So we've gotten to see that time and time again. I think the second thing is, partners. So we work with a lot of amazing partners, contractors, vendors, lenders, lawyers; there's so many that I can go on and on with. But what's really special about what we're doing is that we've developed really close relationships with a lot of these people that have been with us for many years. And so, we've become somewhat of friends with them as well as business associates. So it's really great to kind of see how much our success has impacted their success as well. And sort of a 'rising tide floats all boats things' mentality is where I get a lot of joy, personal satisfaction out of what we've done here. And I think the third thing is really is it's about our investors. I mean, I can tell you personal stories of many people that I'm very good friends with that have come along the ride for us, that we have literally changed their lives because of these great investments that we've been able to do over the years. And so I think that this business is about touching people's lives. Touching people's lives in every single aspect of what we're doing. For me, that's what really makes it fun for me every day. James: Would you do this same role for the next 20 years? JC: Yeah, of course, man. I'm not retiring. I mean, this is great. You know, we've got a great team, we've got a great company. And real estate investing to me it's more of a lifestyle thing too. So to be honest with you, this is something that I believe in doing irrespective of my company. This is sort of a personal belief that real estate investing is a very, very good way to take the money that you're making from whatever method that you're generating it and pump it into something that's going to give you a longterm return. James: Got it. Got it. Was there a proud moment in real estate that you think you will never forget that you can ride it on your tombstone? JC: Yeah. Well, I don't think I'm gonna put anything real estate related on my tombstone. James: Of course not. But if there was something that when you are at a very old age, you're going to think I'm really, really proud that I did that, can you describe that moment? JC: No, I don't think I've gotten there yet, man. I think there's still so much more to be done. You know, any proud moments, I think they're all stepping stones. I'm telling you, every day I wake up and I'm excited about where we're taking the company, things that we're doing to grow the company, new ideas that we've got. And I don't think we've reached our full potential in any way, shape, form, or fashion. James: Okay. no, what I mean is like, did you touch any employee in a certain way that, in terms of changing their life, any tenants, any property that you think that we really did a good job and that I'm really, really proud of that. JC: Yeah. I mean, you know, nothing particular comes to mind. I mean, look, I can give you a million examples, right? But the very last property, for example, that we renovated, I thought that it was the best one we've ever done. And I thought that just seeing the people that have been writing reviews on our property, coming online reviews and whatnot and hearing the feedback that we get from our management or our onsite staff has been so happy that we've made the change with the property. So yeah, that's very rewarding to us for sure. James: Got it. Got it. Top three things that you want to advice newbies who wanna walk your path. JC: I'm only going to give you one. I think it's the most important one. It is 'go long, not short.' Take the long road, do it slow and steady. Don't take unnecessary risks and make sure that you build the foundation and spend your time building a foundation solidly before you try to go too fast. I think that that's a mistake that a lot of people make. And I think that doing it slow and steady is there's a lot of benefits to that. And that's the way that we built our company. James: Got it. Got it. Yeah. I see so many craze out there on people want to do so many big things very quickly in real estate now because it is how the market is right now. So what's your strategy right now in this market cycle? JC: I don't think we really changed our strategy. We remain and always have been. We are opportunistic buyers and we're strategic sellers. I've talked about that before, I did a blog post on that. And the way that we've always seen it is, strategically speaking, if it's the right time to exit an asset, we're going to do it. It's been a great time lately to sell properties. It's also been a great time to keep properties, be a net keeper. We talk about that too. Opportunistically buying simply means that if we find a great deal, we don't care whether it's a hot market or a down market or a sideways market. If it's a great deal and the numbers work, we're going to pull the trigger. We know exactly what we're looking for. We've been around long enough to know that when we see that type of a deal and we've got the right relationships in place with the brokerage shop to do it. We're gonna make it happen because what we've seen is we've had some of our best acquisitions in what some people would call a seller's market or on a hot market, an upmarket. And so I think being an opportunistic buyer and always being ready to strike if the right numbers present themselves is where you need to be positioned. James: Got it. Got it. Before we end, I've asked you this question, which is completely different from what other questions I asked and normally it's not in my mind. But you are from California, investing in Dallas so you know a lot about these two markets. So do you think when recession hits...I mean, that's already a lot of people moving to Texas and Florida and maybe Phoenix. Do you think when the recession happened, there's going to be a lot more people moving... JC: Moving to Texas? James: Yes. I mean all this Texas and Florida and other markets. JC: Well, I don't know the answer to that question per se. But what I can tell you is this; it's becoming increasingly difficult to be a very smart college graduate in Silicon Valley and be able to see yourself making a life out here. And so even now with the job market being pretty decent, people are still leaving. And they're leaving because they just can't see themselves being willing to spend so much money to buy a house here, on top of the student loans that they've got and on top of the cost of living that they've got with high rents and whatnot, how do you save to buy a home here? And so, I don't think that that's going to change and I don't think that it matters whether we have a blip on the radar with the recession. The fundamentals are such that it's creating a very big incentive for people to move out, to go to other states where they can look to buy a home with a little bit more ease, can actually afford to pay rent with a little bit more ease. And so it's naturally speaking, we, as a company, believe that there's going to be continual growth. And in markets like Dallas Fortworth right now where rents are still, even as they'd gone up are still below the median affordability across the nation. Obviously, Silicon Valley is on the opposite end of that spectrum with San Francisco and San Jose, you got some of the highest rents in the nation. It's very unaffordable for how much people make here. So I personally think that the migration away from the coastal communities is going to continue. I don't see that trend stopping anytime soon. James: Yeah. No, I'm not saying it's going to stop. I think it's going to double or triple because when the recession happens, I mean, people are gonna lose jobs. And where your house mortgage is fixed, the house mortgage not gonna reduce. But if you are losing your job, people are gonna take that equity and at least move to cheapo States, like where they can pay less in mortgage and buy better houses and lead a better life, I guess, in terms of house expenses. Because I read some article that on average in the US, somebody's paying like, 60% of their pay going to mortgage. I think it's much higher in the Silicon Valley and Bay area. So what's the point of living and paying 80% to the house? There's a lot of other things you want to enjoy. JC: I agree. I agree. I mean, that's exactly why we're moving our investments out there to places like Texas for sure. I completely agree with that. James: Got it. Got it. Alright. JC, tell our audience how to get hold of you and if you want to give your contact information. JC: Yeah. If anybody out there wants to check us out, they can go to our website, multifamilypropertygroup.com. But more importantly, I actually host a video podcast with one of my buddies, Paul Peoples. It's a weekly show, it's called the Apartment Investors Show. So if you wanna actually see us in action, talking about how to make smart investments in multifamily, you can go to YouTube and search for the Apartment Investors Show. And we've got a whole host of great curated videos where we bring in experts in many different facets of multifamily investing. And you might learn a thing or two if you go to that, to our show. James: I'm sure that everybody's going to learn a lot of things because I've seen some of the videos. It was really good. JC: Thank you. James: Awesome, JC. That's it. Thanks for coming on the show. And happy that you add a lot of value to our audience and listeners. JC: Yeah, thanks a lot for hosting. I really appreciate it. I had a good time. James: Thank you. Bye. JC: All right, bye-bye.

  “Passive Investing in Commercial Real Estate: The Insider Secrets to Achieve Financial Independence is a must-read book for any passive investors who desire to be a smarter passive investor in syndicated commercial real estate investments specifically multifamily real estate. This book breaks down barriers of knowledge "cocoon" in different groups while revealing hidden secrets on how to achieve massive success in commercial real estate investment. If you are planning to invest passively or have been investing in commercial real estate, then the insider secrets laid out in this book will open your eyes to the nuances of getting started, aspects of different deals , choosing the right deal sponsors, risk management, market cycles, investment process, investment metrics and capital sources while shortening your learning curve.”  James Kandasamy is the principal in Achieve Investment Group - a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management.  A well-known multifamily operator, James has over 4 years of multifamily experience, and 6+ years of experience in real estate overall. In addition, through his work, James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations.   As for his specific accomplishments, James has identified, underwritten and overseen the acquisition process of over $65m of quality multifamily investments (a total of 6 assets). He's also routinely led passive investors to an average IRR of more than 20% in past deals.   Prior to real estate investing, James pursued a career in engineering - having earned a Bachelor of Science in Electrical Engineering(Hons) and MBA from reputable Universities For more information on James Kandasamy - visit www.AchieveInvestmentGroup.com   Listen here: https://podcasts.apple.com/us/podcast/the-book-club-interview/id1370130445

Passive Investing in Multifamily Syndication is ideal for any investor who lacks the time or interest in dealing direct with the challenges but seeks the benefits of real estate.  James Kandasamy was trained as an engineer, but is now a full time real estate investor.  He started investing in what he knew, single family homes. But, soon he realized the difficulty to scale when investing in single family homes.  First, the lenders cap the number of loans you can have at 10. In order to grow beyond this arbitrary limit, you have to get creative and either put some loans in your spouse’s name, or get a commercial loan.   Then you have multiple locations, which require multiple regular trips to check up on your properties.  Don’t forget your insurance policies, which typically will have a separate effective date and bill for each property.  All of this makes it difficult to grow and scale your portfolio. His desire to grow and scale caused him to give up on single family and pivot to multifamily. Markets Real estate has a physical location, so determining where to invest is important.  Some investors make a science out of determining where to invest, while others invest in their backyard, because they know the neighborhood.   James is physically located in Austin, TX, where the current growth rate is 150 new people arrive each day.  Texas has no state income tax and is attractive for employers. The pro business attitude is attracting tech companies and start-ups, which hire and attract millennials.  The question of where to invest was a simple for James to answer. He knows the local area, and that it is growing, which equals demand for housing and specifically, multifamily real estate.    Value Add   Value Add strategy is when you buy a property and positively change the net operating income, which increases the value of the property.  There are many different ways to increase the value of the property, from simple to involved.   The strategy you chose is usually determined before you purchase the property during due diligence.  This is where you are able to look at the sellers numbers and operation and determine what needs to be done to increase the value.  A simple case may be just raise the rents to the current market rate. The more involved strategy will likely include significant renovations, or rebranding to breath new life into the property and attract residents willing to pay more.     There are multiple real estate investment strategies you can employ.  One benefit that commercial real estate has over single family is the ability to directly affect the value of your property, regardless of your neighbors.  Repositioning a property to increase its value, is the strategy that is referred to as “Value Add”.  Operational Expenses Operational expenses are key to determining the value of your property.  James company, Achieve Investment Group has a distinct advantage as a vertically integrated company.  They provide property management, asset management and construction management all in house. The three disciplines allow them to quickly identify opportunities to add value.  Property management is able to quickly review the operation expenses and identify any numbers that are suspect.  Suspicious number are most evident when the seller uses a third party management company. The vertical integration model provides James and his investors with additional, direct control.  James has found that inside management typically saves him and his investors around 10% on expenses. If you are not vertically integrated, you can partner with other providers like a property management firm to help analyze the operations of a property you are considering for purchase.   Mismanagement is very common, and easy to fix with the right team.  For the management professional who is familiar with the asset class and market, they can easily identify expenses that are either unnecessary, or out of control.  This can significantly improve your net operating income.    Capital Expenses If your value add strategy involves significant renovations, these will require additional capital.  How much capital is determined through your contractor estimates based on what your vision for the property is.  It is critical to have a well defined plan, budget and timeline so that you can raise the amount of money you will need to create the value you are projecting.  Your passive investing investors will expect you to hit your numbers.   Passive Investing Achieve Investment Group controls over 1300 units in central Texas.  All of these units have been acquired through syndication. In order to acquire so many units, James has networked with accredited investors.   James wrote  Passive Investing in Commercial Real Estate to help educate investors on what to look for when selecting a passive investment.  Selecting the deal sponsor is key, and finding one that you can trust is the most important. Passive investing with accredited investors provides the syndicator, Achieve Investment Group, with needed capital.  The investors get the opportunity to reap the rewards of real estate without having to be actively involved in the acquisition and daily operation of the property.  The typical hold time for an investment property that Achieve acquires is 5 years.  This allows the time needed to improve the property and positively affect the improvements.  A year of market rate rents in the improved property provides the financial proof of value needed for sale.  When investing passively, investors look for capital preservation, positive return, and the return of their investment capital.  Keys to Successful Value Add The keys to executing a successful Value Add strategy start with the purchase.  It cannot be stressed enough, that in order to have a successful deal, you have to “Buy Right”.  Failure to buy right will make your impede your success. You have to buy right. Next, you must operate the property in a way that maximizes the value.  If your due diligence revealed, low rents, or high expenses, it is up to the property management and asset management to correct and improve the property value.   This includes training your tenants.  If prior management allowed slow payment, and did not enforce the lease, your management will have to set the new tone early and guard against the tenant training management.   A successful track record of acquiring, repositioning, selling and providing positive returns to passive investors will attract additional investors.  Passive investing for the investor is based on the ability to trust the deal sponsor. A sponsor with a proven track record, will be more appealing than one without success.   Benefits of Passive Investing in Real Estate Passive investors can lower their tax liability when investing in real estate.  The US tax code is pro real estate investment.   Tax Benefits of passive real estate investing are impressive.  Positive cash flow from a passive commercial real estate investment is off set by the three deductions; depreciation, mortgage interest and the loan cost.   Depreciation is an annual percentage of the building value that is lost through use.  This is an accounting exercise that is calculated and claimed when you file your taxes. Mortgage interest currently is an expense that can be deducted when filing taxes. Loan fees you pay when obtaining a mortgage are an expense you can deduct when filing your taxes. At year end, the sponsor, or syndicator, will provide you with a K1 to use when filing your taxes.  The K1 will show both income and deductions. Most likely, the deductions will exceed the income in the early years of your investment.  The unused deductions are not lost, but rather carried forward and can be used to offset the capital gain and depreciation recapture due at sale of the property.   BIGGEST RISK  Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”   BIGGEST RISK: I think the BIGGEST RISK, is not doing due diligence properly either on the physical property inspection or even on the you know the business plan right. To make sure your business plan is correct. Because when you buy a deal we always have to make sure that we understand everything about the deal. We're buying multi multi-million dollar deal that we are syndicating we have passive investor money in the line. Our money is on the line and we want to make sure that we do as much due diligence as possible. So, that because it is our list that I fear is always likely did I miss out something. I'm always checking and checking and checking and double checking triple checking and making sure that I know everything that I do. For more go to: Website: Achieve Investment Group Email: james@achieveinvestmentgroup.com Podcast: Achieve Wealth Podcast Face Book: Multifamily Investors Group Linkedin: James Kandasamy  Book: Passive Investing in Commercial Real Estate

James Kandasamy is a man that requires no introduction! As a best-selling author in the US and Canada, syndicator, and podcast host, James brings us outstanding information on utilizing the BRRRR method to capitalize on returns. Having a portfolio in excess of $100MM in just 5 years in real estate, with 3 years in multifamily acquisitions and asset management, James explains how this strategy has resulted in an average portfolio IRR of more than 20%. If you’re wanting to evaluate how to utilize refinancing strategically, learn the process, and be prepared to do so with competency and efficiency, James is the man to learn from! In addition, he also shares how to protect yourself as a syndicator, with insights such as how to prove forced appreciation and navigate investor relations during the times of strategy transition. This episode provides a wealth of information and great perspective on navigating market challenges as they arise and creating a flexible investment strategy. Asset: Multifamily Properties Process: James explains a solid overview of what it is like to go through the refinancing process, with helpful insights on how to make it successful. Strategy: James gives a good in depth explanation of how the BRRRR Method – short for “Buying off-Market, Rehab, Rent, Refinance, and Repeat“ strategy provides great ROI’s when applied in the correct markets and during the right market cycle. James’ Bio: James Kandasamy is the principal in Achieve Investment Group - a vertically integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management. James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations. His book, Passive Investing In Commercial Real Estate: Insider Secrets to Achieving Financial Independence, ranked #1 on Amazon in both the US and Canada. Prior to real estate investing, James pursued a career in engineering - having earned a Bachelor of Science in Electrical Engineering (Hons) and an MBA from the University of South Australia. How to Contact James: Website: www.achieveinvestmentgroup.com Email: james@achieveinvestmentgroup.com FB: Multifamily Investors Group

Click Here To Listen/Download Full Episode of the Podcast James Kandasamy is the CEO of Achieve Investment Group, LLC. His pragmatic skills in solid communication, interpersonal, analytical and organizational leadership skills, as well as his deep rooted background in Real Estate Investment are what makes him unique. James obtained his Bachelor's Degree in Electrical Engineering (Hons) from University of Science.  Malaysia and MBA from University of South Australia. He holds the prestigious CCIM designation as well. With over 6 years of experience in real estate and with more than 4 years in multifamily acquisitions and asset management, James compliments his abilities and drive to offer clients firsthand vertically integrated services in Multifamily Investment, Finding off- market deals, Asset, Construction and Property Management. The company prides themselves in their ability to find value add deals by using off market strategies. These skills coupled with strong underwriting skills, enables them to be a sharpshooter in finding underperforming assets and turning it around.   Some topics covered: -When did James decide to start investing in real estate and why? -How long did it take James to realize he wanted to go from single family real estate to larger multifamily real estate? -How was James able to handle the learning curve moving to the multifamily space? -What has made James successful in his niche? -What have been the best practices to finding off market deals? -What was the method that got James his first multifamily deal? -James gives a rundown of that first deal -Did James have in house management from day one or through the process? -What are the skills someone needs to have to handle property management? -How has James handled expanding his team with more deals? -What are some key metrics James looks at in the underwriting process to find deals? -How is James finding deal effectively when others say it's difficult in this market? -Does James have a routine that makes him productive each day? -James' business philosophy/ motto? -What is an actionable step someone looking to get into real estate today can take? -Best way to connect with James: www.achieveinvestmentgroup.com   or email James@AchieveInvestmentGroup.com  . Facebook Group “Multifamily Investors Group” -Get James' book “Passive Investing in Commercial Real Estate. Insider Secrets to Achieving Financial Independence” on Amazon. As always we thank you so much for your support.   Our Sponsor:   Your Capital Partner: Alpha Funding Solutions. Backing real estate investors since 2007 providing the best combination of pricing and leverage in the market. Join our family of 1k plus successful and happy investors. Let our team provide options on you next deal or reach out to discuss your future needs and strategy.  CONNECT OR SUBMIT A DEAL:  https://alphafunding.com/JandP/   Multi Family Foundation Workshop This is going to be an awesome event! Contact to info@yarusiholdings.com for discount related stuff   We appreciate you for listening. If you like what you hear it would mean a lot if you can give us a 5-star rating and review on   Investing for Lifestyle and Legacy: https://www.yarusiholdings.com/ iTunes. https://goo.gl/N4pp6T  Google Play - https://goo.gl/RHjVzX  Podcast on YouTube: https://youtu.be/uzWo2Hw0B7Q  Check out our Facebook page at Yarusi Holdings. https://www.facebook.com/YarusiHoldings/  Podcast List: https://thereifoundation.libsyn.com/  For our YouTube Channel click here. https://goo.gl/SJiYh  A full list of podcasts are available at https://www.yarusiholdings.com/podcast/ Podcast on YouTube: https://youtu.be/OOMlYHzhGV0 See acast.com/privacy for privacy and opt-out information.

In this episode of the Real Estate Investment for Cash Flow podcast, Kevin brings in his good friend, James Kandsamy. James is a real estate and multifamily home expert with years of experience in asset management. He is also the director of acquisition and investor relations at Achieve Investment Group, a multifamily investment firm dedicated to acquiring and operating properties with significant value-add components located in high growth top tier US MSA’s. In the podcast, James talks about why and how he ventured into multifamily real estate. He explains why his property management structure is vertically integrated into his company, a feature which is somewhat unique in multifamily properties. Kevin and James discuss acquiring leads with today’s online capabilities. James talks about finding and adding value in properties and shares some tools and resources that real estate entrepreneurs can utilize to acquire information about the market. QUOTES: “I realized that there’s a lot of magic in multifamily commercial real estate because of the fast appreciation so I said ‘I’m moving to commercial real estate.’” “The best method right now in this market cycle to get started in multifamily or any commercial, I would say, it’s basically to go direct to the seller and do direct mail, cold texting or cold calling and establishing the relationship.” “You have to use some kind of value proposition to buy this kind of deal —what is special to you that you are able to buy, that someone else is not able to buy?" “In general, across all my properties in multifamily in San Antonio, we have seen that Google is the best...So make sure you have good reviews in Google. I think almost 80% of my leads come from Google.” “I think the most important value-add is just good management.” HIGHLIGHTS: 9:24 James’ background and how he got into multifamily real estate 19:16 Competition and opportunities in multifamily real estate 21:52 Management structure at Achieve Investment 27:14 Getting leads from a marketing perspective 33:13 James talks about a certain deal 39:30 “Valuable value-adds” 41:45 Online resources and sensitivity analyses   Recommended Resources: Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar. Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here Zumper (management software) Trulia (Real estate information platform) ArcGis (Real estate information platform) james@achieveinvestmentgroup.com (James’ email) Multifamily Investors Group (Facebook group hosted by James) Review and Subscribe

James Kandasamy is the principal at Achieve Investment Group, a vertically integrated investment company actively engaged in multifamily acquisition, asset management, property and construction management. A well-known multifamily operator, James has over 4 years of multifamily experience, and  6 plus years of experience in real estate overall. In addition to his work, James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations. James has identified, underwritten and overseen the acquisition of over 65 million of quality multifamily investments over a total of 6 assets. He’s also routinely lead passive investors to an average IRR of over 20% in the past deals he’s done.   Prior to real estate investing, James pursued a career in engineering, having earned a B.S. in electrical engineering with honors and an MBA from a reputable university.

Click Here To Listen/Download   James Kandasamy is the CEO of Achieve Investment Group, LLC. His pragmatic skills in solid communication, interpersonal, analytical and organizational leadership skills, as well as his deep rooted background in Real Estate Investment are what makes him unique. James obtained his Bachelor's Degree in Electrical Engineering (Hons) from University of Science, Malaysia and MBA from University of South Australia. He holds the prestigious CCIM designation as well. With over 6 years of experience in real estate and with more than 4 years in multifamily acquisitions and asset management, James compliments his abilities and drive to offer clients firsthand vertically integrated services in Multifamily Investment, Finding off-market deals, Asset, Construction and Property Management. The company prides themselves in their ability to find value add deals by using off market strategies. These skills coupled with strong underwriting skills, enables them to be a sharpshooter in finding underperforming assets and turning it around. Some topics covered: -When did James decide to start investing in real estate and why? -How long did it take James to realize he wanted to go from single family real estate to larger multifamily real estate? -How was James able to handle the learning curve moving to the multifamily space? -What has made James successful in his niche? -What have been the best practices to finding off market deals? -What was the method that got James his first multifamily deal? -James gives a rundown of that first deal -Did James have in house management from day one or through the process? -What are the skills someone needs to have to handle property management? -How has James handled expanding his team with more deals? -What are some key metrics James looks at in the underwriting process to find deals? -How is James finding deal effectively when others say it's difficult in this market? -Does James have a routine that makes him productive each day? -James' business philosophy/ motto? -What is an actionable step someone looking to get into real estate today can take? -Best way to connect with James: www.achieveinvestmentgroup.com  or email James@AchieveInvestmentGroup.com . Facebook Group “Multifamily Investors Group” -Get James' book “Passive Investing in Commercial Real Estate. Insider Secrets to Achieving Financial Independence” on Amazon.   As always we thank you so much for your support.   We appreciate you for listening.   If you like what you hear it would mean a lot if you can give us a 5-star rating and review on iTunes. https://goo.gl/N4pp6T Google Play - https://goo.gl/RHjVzX Podcast on YouTube: https://youtu.be/uzWo2Hw0B7Q Check out our Facebook page at Yarusi Holdings. https://www.facebook.com/YarusiHoldings/ Podcast List: https://thereifoundation.libsyn.com/ For our YouTube Channel click here. https://goo.gl/SJiYh A full list of podcasts are available at https://www.yarusiholdings.com/podcast/ And if you have any questions feel free to reach us at info@yarusiholdings.com See acast.com/privacy for privacy and opt-out information.

James Kandasamy is the founder of Achieve Investment Group and joins us to discuss his vertically integrated multifamily investment business. Connect with James at https://achieveinvestmentgroup.com/

This week I host Mr James Kandasamy CEO at Achieve Investment Group as an expert guest at our Premium Cashflow Podcast. James discuss investing in deep-value add apartments and how off-market and being a differentiator in marketspace can give you an edge in marketplace. James discusses analysing a Profit and Loss statement and how to spot inconsistencies and spot efficiencies with respect to how you want to manage the portfolio yourself.

James Kandasamy is the principal of Achieve Investment Group - a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management and also the author of Passive Investing in Commercial Real Estate. Through his work, James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations. James has identified, underwritten and overseen the acquisition process of over $65m of quality multifamily investments (a total of 6 assets). He’s also routinely led passive investors to an average IRR of more than 20% in past deals. Prior to real estate investing, James pursued a career in engineering - earning a Bachelor of Science in Electrical Engineering(Hons) from Science University of Malaysia and an MBA from the University of South Adelaide (Australia).Connect with Jamesjames@achieveinvestmentgroup.comwww.achieveinvestmentgroup.comFacebook – James KandasamyFor today’s show, including audio and links to all the resources mentioned, visit www.limitless-estates.com/podcasts. For today’s video feed, visit our YouTube channel.To get access to our free Passive Investors Guide and monthly newsletters sign up at www.limitless-estates.comSchedule a free call with Kyle or Lalita hereTo find out more about partnering or investing in a multifamily deal email info@limitless-estates.com.Local to Southern California? Attend our monthly meetup focused on Out of State Apartment investing. View our schedule at https://www.limitless-estates.com/events/meetupsJoin our Facebook Group - Passive Income through Multifamily Real EstateHave a question you would like answered on the show? Email us at info@limitless-estates.com.

James Kandassamy, Principal, Achieve Investment Group reveals some expert tips that will help investors vet and zero in on suitable sponsors who are a perfect match for their risk profile. How can investors get in touch with capable and experienced real estate sponsors? How do you initiate a conversation with reputed syndicators? And, why should […]

James Kandasamy has built an impressive portfolio of Value-Add Multifamily and Apartment Properties in San Antonio Texas.  He currently controls over 1,000 units worth $65 Million and oversees the management and construction through his company Achieve Investment Group. Today James tells us how he did it:  why & how he transitioned from purchasing single-family homes through the BRRR strategy to investing in multifamily, how he identified and acquired value-add properties, and how he bypassed the brokers by going to the sellers directly through direct marketing. James also discusses the thought process he went through before quitting his full-time job.  He and his wife didn't just want to replace their income with cash flow, they wanted to 2X or 3X their income. James is also the author of a soon-to-be released book for passive investors - "Passive Investing in Commercial Real Estate: An Insider's Secret to Financial Independence" which will be available on amazon.com This is a great episode for anyone willing to think 'bigger' and take their financial destiny into their own hands.  You can contact James through his website or email: https://achieveinvestmentgroup.com/ james@achieveinvestmentgroup.com  

In this episode, Whitney interviews James Kandassamy, Principal, Achieve Investment Group. James reveals some great Tips that can help syndicators increase operational efficiencies and unlock hidden value. Which are the FIVE most important factors that can help push up the ROI of a syndicated deal? What is the modus operandi for fixing properties in order to drive up rental rates and property values? We also discuss the rationale behind managing your own properties.