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Got Burned By a Bad Real Estate Fund? Here's What Experts Say You Should Do NextHave you ever heard the myths about picking a smart real estate investment fund? Myth 1: All real estate funds are the same. Myth 2: The higher the projected return, the better the fund. Myth 3: Investing in a fund means guaranteed profits. But here's the truth... I'll share the strategy to debunk these myths and help you make smarter investment decisions with higher potential returns.In this episode, you will be able to:Discover the secrets to choosing a smart real estate investment fund for higher potential returns.Uncover the impact of interest rates on real estate and how to leverage it for your investments.Learn effective strategies for distressed real estate funds and turn challenges into profitable opportunities.Master the art of evaluating fund manager performance in real estate to make informed investment decisions.Explore the untapped opportunities in debt investments in real estate and maximize your investment portfolio.Connect with Mike HERE!Watch the original video HERE!Book a call with Scott HERE!About Mike Zlotnik:Mike Zlotnik is CEO of TF Management Group LLC, has been a real estate fund manager since 2009, with experience in real estate investing since 2000. A retired software executive, Mike is known as “Big Mike” for his stature and reputation for integrity and financial expertise in real estate. Originally a political refugee from the USSR, he is now an American citizen living in Brooklyn, NY, with his wife and four children. Mike holds a Bachelor's degree in Mathematics from Binghamton University and is active in several real estate and investor mastermind groups. He is also the author of “How to Choose a Smart Real Estate Investment Fund” and hosts the "Big Mike Fund" podcast.Love the show? Subscribe, rate, review, and share!Here's How »Join the Note Closers Show community today:WeCloseNotes.comThe Note Closers Show FacebookThe Note Closers Show TwitterScott Carson LinkedInThe Note Closers Show YouTubeThe Note Closers Show VimeoThe Note Closers Show InstagramWe Close Notes Pinterest
Join us on the Passive Investing from Left Field podcast as we dive deep into the world of real estate investing with our special guest, Mike Zlotnik, also known as Big Mike. In this episode, we explore the current distressed real estate market, strategies for passive investors, and how to navigate the challenges of today's high-interest environment. Don't miss Big Mike's valuable insights and advice for making smart investment decisions in 2024! About Mike Zlotnik Mike, the current CEO of TF Management Group LLC, has been a real estate fund manager since 2009. A retired software executive, he began investing in real estate in 2000 and now manages various real estate funds, including multiple growth and income-focused funds. Known as "Big Mike" in real estate circles due to his stature, he is more renowned for his personal integrity and keen understanding of the financial aspects of successful real estate investing. A former political refugee from the USSR, Mike is now an American citizen and a patriot, residing in Brooklyn, NY, with his wife and four children. He holds a Bachelor's degree in Mathematics from Binghamton University and is an active member of several real estate and investor mastermind groups such as Collective Genius, Freedom Founders, Venture Alliance, and CA Investors (Private). Mike is also the author of "How to Choose a Smart Real Estate Investment Fund," available on Amazon, and hosts the "Big Mike Fund" podcast, accessible at BigMikeFund.com or on iTunes.Here are some power takeaways from today's conversation:02:05 His background05:59 What he uses from the past to invest today10:10 When to invest?16:47 His investment cycle process23:04 Conversion asset class26:38 Advice to LP investors 34:54 Podcast Recommendation36:00 Contact Mike This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting. Podcast Recommendations:Freedom Founders David Phelps - https://www.freedomfounders.com/Resources Mentioned:Contact the guest:Social MediaJoin his fund: https://bigmikefund.com/LinkedIn /mzlotnikYouTube @tfmanagementgroupllc123Facebook zlotnikmAdvertising Partners:Midloch:https://midloch.com/Left Field Investors:https://www.leftfieldinvestors.com/Rust Belt Capitalhttps://rustbeltcapital.com/Tribevest: https://www.tribevest.com/Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suhhttps://www.leftfieldinvestors.com/books/
#187: Mike Zlotnik- The Bizarre Truth: Why Commercial Real Estate Investors Are in a Recession While Others Thrive "What's really bizarre is if you're a commercial real estate investor, you are in a deep recession while everyone else is doing fine as the economy is not really in a deep recession." - Mike Zlotnik Today I am interviewing Mike Zlotnik. He's an Investment Expert and coach with a successful background and long history in information technology and business intelligence. In 2009 he transitioned into real estate and in 2014 became the CEO of Tempo Family of Funds an Syndications, an investment firm that specializes high yield growth and income investment opportunities for investors in both residential and commercial real estate. He is a member of the investor mastermind groups Collective Genius, Venture Alliance and more. He is the host of the Big Mike Fund podcast, and is a national speaker. TOPICS COVERED IN THE EPISODE The predictability of real estate Who is this recession hurting the most Mikes background and beginnings in real estate The predictability of real estate Real estate's technical elements an what they mean Badly structured deals in the commercial market Is residential stable Why we use sensitivity analysis in investing The skill of building strong relationships Your team defines your success People, culture and numbers What is a leaders function Where is the economy currently Are people running out of money Listen now and find out how Mike found his Real Estate Breakthrough! The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every other week and learn everything you need to know to invest in real estate on Youtube, iTunes, Spotify, and more. You can watch Quentin's interview on Youtube here. Find out more about Mike here: Website BigMikeFund.com
Don't miss today's episode, where we bring fresh insights into the current economic landscape with our esteemed guest, Mike Zlotnik. Join us as "Big Mike," a seasoned real estate fund manager, imparts valuable advice on navigating this economic cycle. Tune in and learn from a seasoned capital allocator! Topics on Today's Episode Expert insights on the current economic landscape and housing market Strategies for managing your finances and alternative options to reduce debt obligations Approaches to generate income amidst a high-interest rate environment How to successfully establish a strong business network and use it to your advantage Advice for novice investors entering the housing market Resources/Links mentioned Principles for Navigating Big Debt Crises by Ray Dalio | Kindle and Hardcover Antifragile by Nassim Nicholas Taleb | Kindle, Paperback, and Hardcover Peaks and Valleys by Spencer Johnson | Kindle, Paperback, and Hardcover The Uncertainty Solution by John M. Jennings | Kindle and Hardcover The Lords of Easy Money by Christopher Leonard | Kindle, Paperback, and Hardcover Richer, Wiser, Happier by William Green | Kindle, Paperback, and Hardcover A CEO Only Does Three Things by Trey Taylor | Kindle, Paperback, and Hardcover Traction by Gino Wickman | Kindle, Paperback, and Hardcover About Mike Zlotnik Mike is a respected real estate fund manager with over a decade of experience. He manages funds like the Tempo Growth Fund LLC and the Tempo Opportunity Fund LLC. "Big Mike" is known for his integrity and financial expertise. He's also an author and host of the "Big Mike Fund" podcast. Mike lives in Brooklyn with his family and holds a Bachelor's degree in Mathematics. Connect with Mike Website: Big Mike Fund Podcast: BigMikeFund | Apple Podcast Are you ready to experience the cash flow life? Just text “BOOK” to (480) 500-1127 to get a FREE copy of Corey's book, Copy Your Way to Success, and learn how apartment investing can change your life today! Don't forget to download my Free Workshop Quick Start Video Series, and if you like what you have heard, please leave a review on iTunes.
This week, Heritage Capital CIO, Mile Marker Club founder, and longtime friend of the Big Mike Fund podcast Ryan Parson joins us from sunny Glenwood Springs, CO. We begin our conversation with an update on the Mile Marker Club, Ryan's initiative to help new and professional investors grow capital in alternative markets like real estate and increase their financial literacy. Later, we cover holistic wealth planning, the benefits and opportunity costs of taking a more active role in your portfolio, the current tax environment in the United States, the risk of letting tax benefits drive capital allocation, and building a strategy that suits your lifestyle instead of the IRS. • What is the holistic financial planning process?• Why real estate has historically been the bedrock of America's economy• Passive versus active investing• PIGs (Passive Income Gains) and PALs (Passive Allocation Losses)• Is becoming a real estate professional right for you?• How power shifts in Washington and projected tax increases affect your holistic strategy• How to harvest passive losses and take advantage of depreciation• Revenue neutral tax codes: Will today's gains become tomorrow's losses? Quotes: “There's always been a certain fascination with real estate in the US… part of the reason is that Congress and the IRS have provided different types of tax benefits relatively consistently and that extend for a relatively long period of time. And that's been part of the bedrock that has made the US economy work so well for a couple hundred years now.” Ryan Parson “What the IRS giveth today, it taketh away tomorrow.” Ryan Parson Links: Mile Marker Club
On this episode of the Big Mike Fund, I’m happy to welcome a brother from theCollective Genius Mastermind and the Freedom Founders Mastermind, Marck De Lautour. He works in redevelopment projects, commercial deals, as well as turnkey properties. Today we’re focusing on various aspects of Marck’s specialities including his process in acquiring new products, his business practices, historic building conversions, and building new turnkey range affordable housing. Marck also introduces the topic of container homes and talks about his 7-14-300 method. Minute Markers: 00:20 - Hello and Welcome 00:37 - Marck Introduction 04:20 - Cash flow in appreciation, Marck’s business practices 12:00 - Specificities about the market: sales price and rent prices 16:07 - Real estate is still a business 18:20 - Where Marck finds his supply of product 21:22 - Building new turnkey range affordable housing 22:40 - Historic building conversion 24:35 - Container homes 27:10 - Contacting Marck 28:07 - Thank you for listening to the Big Mike Fund Podcast Quotes: “Then, I flipped my house in Kansas City while I was getting my MBA. Just flipped my first house and kind of stumbled into a decent profit. I thought, well, why go sit behind a desk making $40,000 or $50,000 a year when I could have some fun?” - Marck De Lautour “When the student is ready, the teacher appears. I believe that the same could be said for the marketplace. When the market is ready, the entrepreneur appears.” - Marck De Lautour “I joke that the best exit strategy for real estate is to never exit. Our investors value the fact that they have a high-quality asset in a better area. The caveat to that is you have to manage it effectively over time. The two big killers of cash flow, as you know, Mike, are vacancy and maintenance. Those are completely controlled by having dialed in property management.” - Marck De Lautour “We call it the 7-14-300. We have a 7% yield or cap rate, a 14% cash on cash return minimum, and a $300 per month minimum cash flow. We will not sell an asset if it doesn't clear those hurdles. That's kind of our minimum financial criteria for every asset.” - Marck De Lautour “The old container homes are getting repurposed. They are all steel. You can actually use that as a shell rather than building with wood and frame. You can actually cut the sides off and put them two together. You can get a thousand square foot home inside one of these container ships. It's quite amazing what the finished product and how amazingly homey it feels.” - Marck De Lautour Resources: Amazon: MISTAKE FREE REAL ESTATE: A passive investor's guide to winning with rentals Marck’s landing page: mistakefreerealestate.com
On this episode of the Big Mike Fund, I’m happy to welcome back Eric Goodman. Full disclosure, we invested with Eric from a couple of our funds—from Tempo Opportunity and Tempo Growth into Goodman Capital Fund too. We love working with Eric. He's a brilliant and intelligent guy and is a managing partner at Goodman Capital LLC. Today we’re talking about investments in the post-COVID world, specifically in New York. We go over interesting opportunities that have arisen because of COVID, risk assets, as well as glance at Eric’s crystal ball as he gives his predictions for future investment opportunities. Eric also talks about the effects of the CARES Act. Minute Markers: 00:20 - Hello and Welcome 01:45 - New York and investments during and post-COVID 07:11 - Difference between investments and risk assets (at risk of financial default) 13:50 - Eric’s crystal ball (his predictions for investment opportunities and his investments) 21:30 - Interesting opportunities because of the effects of COVID 25:37 - What’s happening at Goodman Capital LLC 28:15 - Reaching out to Eric 29:25 - Thank you for listening to the Big Mike Fund Podcast Quotes: “What you don't hear as much about is a lot of the big tech moving into the city—Amazon, Facebook, Google, Apple, and all those big players. You look at just last month, Facebook took over the former US Post Office. A lot of 730,000 square feet. They took over the Farley Post Office. They now occupy over 2 million square feet.” - Eric Goodman “These periods of market uncertainty generally create limited periods of limited access of capital for two types of end-users. There are borrowers who have approaching loan maturities and they're in need of a refi, but then don't forget the other side of the coin.” - Eric Goodman “But there's good news and there's a silver lining to the story. That is, under the CARES Act, the TDR and non-accrual exemption lasts only until the earlier of 12/31 of this year, or 60 days after the designation of COVID is no longer a national emergency.” - Eric Goodman “There are many tax favorable treatments for leasing up and not executing a condo plan and providing that our loan basis is at the right investment's value threshold. That can be a very attractive investment to own as a rental refi and hold until the market turns.” - Eric Goodman Resources: Eric Goodman email: invest@goodmancapitalllc.com Goodman Capital LLC
On this episode of the Big Mike Fund, we’re talking with California-born and Oregon-native Matt Burk. Matt is the founder and CEO of Fairway America as well as Verivest, a fund administration company. Today we’re talking about the opportunities for the rest of Q4 2020 and beyond. Matt also gives us his expertise about terms in the industry (for example, fund versus syndication) in addition to defining what a good deal is and how it can become a great deal. He gives us a little insight on Fairway America and the Verivest platform as well. Matt founded Fairway Financial Services, Inc. in 1992 and has led Fairway’s investment team for more than 28 years. He began his career in real estate finance in 1986 after graduating from the University of California, Davis with a degree in economics. His extensive experience has provided him with wide-ranging exposure and deep expertise in a broad array of real estate asset classes, structured finance, distressed debt acquisition and disposition, and open- and closed-ended 506 Regulation D funds. Minute Markers: 00:20 - Hello and Welcome 00:37 - A little about Matt Burk 02:00 - The story of Fairway America 06:15 - The difference between investing in a fund versus syndication 09:50 - COVID and opportunities 14:26 - How can a good deal become a great deal? 20:00 - Other opportunities 27:00 - The Verivest platform 29:50 - The importance of verified sponsors 32:55 - Reaching out to Matt 33:45 - Thank you for listening to the Big Mike Fund Podcast Quotes: “I think repurposing is a big opportunity. I think there's opportunity in smaller deals that are below the typical institutional size. There's fewer players that are going to come in and bid up prices, so some of the middle market entrepreneurs can take advantage of some pretty attractive cap rates.” - Matt Burk “That's what we try to strive for in making good decisions—so that when things don't go well, you can live with it and move on. But it is nice when they do go well and you get to kind of a place, we're at least under LOI right now.” - Matt Burk “If you look across the board in storage, the amount of supply that's come on line the last few years has been significant. There is a, I call it, macro level supply issue that is putting downward pressure on rents. In the storage business, it's very much a microbusiness.” - Matt Burk “Since the shell is already there, if it's in good condition, your cost of build out is much less than building it from the ground up. The thesis is you get in at 60–70% of what you can get in from the ground up. You end up with a Class A facility on a major arterial with a lot of traffic count and an infill location with limited supply..” - Matt Burk “Once you start going through the process of verifying and monitoring your ongoing performance, it makes it that much easier for you to gain credibility with your investors on the front end. It's super inexpensive and affordable to be able to do..” - Matt Burk Resources: Matt Burk email: mark.burk@fairwayamerica.com
In this episode, Marck is joined by Big Mike Zlotnik, the leader of the Tempo Growth Fund. Listen in as they talk about funding, raising capital, and more about real estate. Mike shares his real estate journey, explains what his business is and who it's perfect for. Topics like passive investing in real estate, depreciation of real estate tips, effects of covid on real estate, and more are discussed in this week's episode. Mike advises listeners that avoiding a mistake, a deal that can actually be really bad is much more important than getting into the deal and then figure out what went wrong. To hear more of his real estate advice, listen to the full episode! Connect with Mike at BigMikeFund.com. You can also find his podcast “Big Mike Fund”
Welcome to The Big Mike Fund Podcast. Today I’m chatting with Charles Dobens, a multi-family attorney. His personal mission statement is to help investors buy multi-family projects the right way. He talks about coaching, his views on the future of the market, his points of interaction in the process of multi-family property investments, and why this is his passion. Minute Markers: 00:20 – Hello and welcome 01:00 - A bit about Charles and his passion 05:00 - The points of interaction with multi-family acquisitions 07:30 - Coaching 12:30 - Examples of mistakes investors make with letters of intent 19:20 - Personal story about partnerships in business 22:00 - Politics 25:10 - How Charles coaches his students 28:30 - C-class properties and markets with good cash flow 31:30 - Workforce Housing 34:20 - Getting a hold of Charles 35:34 - Thank you for listening to the Big Mike Fund podcast Quotes: “After it happens, there’s not a whole lot I can do for you but before it happens, I can walk you through the minefield and make sure you’re protected and you do everything the right way.” – Charles Dobens “I love it so much because it’s so logical. Being in the multifamily business and being a lawyer, you just like logic..” – Charles Dobens “Multifamily investing is not about real estate. It’s about building a business that invests in multi-family property. You’ve got to build that business the right way, then that runs your life and provides you the lifestyle that you need.” – Charles Dobens “Plan the divorce before you get married with a partnership.” – Charles Dobens “Careful who you partner with. If you partner with an idiot, you’re stuck with an idiot.” – Mike Zlotnik Resources: Multifamily Investing Academy Dobens Law - Boutique Law Firm Specializing in Multi-Family Investing Twitter: @cdomebslaw Email: info@multifamilyinvestingacademy.com
Welcome to The Big Mike Fund Podcast. Today I’m talking to Mike Fitzgerald, who lives in (and owns a large portion of) a small town just outside of DC. In this episode we talk about his town of Hagerstown, preparations for the future of the market, what a credibility site is, and we even have a short political discussion on voting for people and not just on party lines. Minute Markers: 00:20 - Welcome to the Big Mike Fund Podcast 00:40 - A bit about Mike Fitzgerald and Hagerstown, MD 04:57 - Mike’s formula for success in real estate 06:35 - “Rehab” projects 08:08 - Preparations for economic downturn 11:30 - Mike’s thoughts on the future of the market 12:25 - The connection of legalizing marijuana to the recession and the market 13:50 - The basics and value of investing 14:20 - Hagerstown investments 18:45 - Credibility site 20:00 - Political discussion: voting for the people, not the party 22:14 - Advice for real estate investors or people interested in real estate 24:00 - How to get in contact with Mike Fitzgerald 24:46 - Thank you for listening to The Big Mike Fund podcast Quotes: “Taking action. Moving forward and taking action and not accepting ‘No’ as an answer.” – Mike Fitzgerald, on his formula for success “I think we’re due for a recession but I don’t think we’re going to get one for another two years.” – Mike Fitzgerald “Although I vote (a lot of times) republican, I don’t always vote party line.” – Mike Fitzgerald “It’s not about what makes you happy for a minute, it’s about what makes you fulfilled for a lifetime.” – Mike Fitzgerald “That’s actually a great point. The person matters, especially if they are sufficiently independent and if they have great individual thoughts.” – Mike Zlotnik “Yeah, it’s a difficult time for middle-of-the-road people. They don’t seem to appeal to the extremes and the extremes on both sides seem to be dominating each party.” – Mike Zlotnik Resources: Gideon Properties Michael T. Fitzgerald credibility site (Password: abc) Article referred in show: “City developer wants to make downtown Hagerstown 'great again'”
Welcome to The Big Mike Fund Podcast. Today it is a pleasure and a privilege to welcome Tim Bratz. Tim is a multi-family real estate investor from the Cleveland, Ohio area. He buys, develops, and holds apartment buildings, vacation rentals, & other commercial real estate properties throughout Ohio, South Carolina, Georgia, Florida, Oklahoma, & Texas. Today we're talking about the impact that COVID-19 has had on one of his biggest projects: Georgia Plains. We'll talk a little bit about the background of Georgia Plains and the mechanics behind it. Tim and I also go over his plans for the rest of 2020 as well as his view on the future of multi-family real estate investments. Minute Markers: 00:29 – Welcome Tim Bratz 04:15 – The courage it takes to trust a sponsor and operator 08:00 – A little about Georgia Plains 14:13 – The mechanics behind Georgia Plains 17:00 – How Tim pays an overfunded project 18:00 – Rent per door on average 21:12 – How did the virus affect the overall project? 28:00 – What are Tim's plans for the rest of 2020 36:25 – How to get a hold of Tim 37:25 – Thank you for listening to the Big Mike Fund podcast Resources: Tim Bratz, Facebook Tim Bratz, Instagram Tim Bratz, LinkedIn Quotes: “I buy pretty heavy value-add deals like the one that you’re involved in. There is a lot more work but there’s a lot more upside to those.” – Tim Bratz “When you have that distressed of a property and the property has that bad for reputation, you got to go in and you got to clean up everything before you start rebranding, marketing, and bringing in new tenants because otherwise, you’re just going to track the same type of tenant who’s not respecting the property, not respecting their neighbors..” – Tim Bratz “When I invest, I want a predictable rate of return. At the same time, I want some equity upside. If I’m going to help somebody make a million dollars. Isn’t that only fair that I get $100,000 or $200,000 also?.” – Tim Bratz “All this money goes back into the property to reinvest into the property to make sure that we’re providing a clean, safe, functional, cosmetically improved housing for you as the tenant. We explain that. We said, that being said, if you are facing hardship, please reach out to us. Proactively, reach out to us. We’re not going to chase you down, but if you reach out to us, we will put some workout plan together on a case-by-case basis to help you through these difficult times.” – Tim Bratz “It's hard to find deals but we do have one deal and it’s a decent deal. It’s the same thing. You can give the deals in the middle of a COVID situation. It’s the right value-add plan. You feel comfortable based on all the numbers you look at, but the uncertainty is still out there. It’s possible that there could be better deals in the future. On the other hand, it does appear. Who knows, right?” – Mike Zlotnik
Welcome to The Big Mike Fund Podcast. Today I have the pleasure of chatting with Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategies. Frances is also a frequent guest on both CBS, CNBC, as well as Fox Business News as a commentator on Central Bank Policy. She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. Today we’re talking about her thoughts on the future of the economy: jobs, the stock market, real estate, and the general overview of what we may see in the upcoming year. Minute Markers: 00:50 – A bit about Frances Newton Stacy 04:50 - Frances’ thoughts on the current state of joblessness 07:10 - Things to look out for in the near future 12:00 - Incentive programs for people to go back to work 13:36 - Things happening in real estate 15:20 - Frances’ proposals and thoughts on how to prevent rates from going negative 18:25 - Stocks, the markets, and trading 29:00 - Economist market projections 31:45 - Airlines stocks as an example of cyclical recovery 34:45 - Parting thoughts on what people should or could do with their money 41:55 - What’s the best way to get ahold of Frances? 43:30 - Thanks for listening to the Big Mike Fund podcast. Quotes: “Lower rates usually support the real estate market but in a situation where you don’t have banks willing to lend, then that kind of restrains that area. So you may not see that traditional reaction to the rates falling.” – Frances Newton Stacy “In New York City, 30% of restaurants will never open their doors again. And how many of those 30% actually default somewhere in credit-land?.” – Frances Newton Stacy “In real estate, you have to wait. We don’t know what the data is going to do but I personally wouldn’t pay pre-COVID prices until I saw what the defaults look like.” – Frances Newton Stacy, on what to do with your money in the near future. “It would be so much better to give employers and employees incentives to go back to work.” – Mike Zlotnik Resources: Previous episode with Frances Newton Stacy Optimal Capital
Welcome to The Big Mike Fund Podcast. Today I have the pleasure of chatting with Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategies. Frances is also a frequent guest on both CBS, CNBC, as well as Fox Business News as a commentator on Central Bank Policy. She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. Today we're talking about her thoughts on the future of the economy: jobs, the stock market, real estate, and the general overview of what we may see in the upcoming year. Minute Markers: 00:50 – A bit about Frances Newton Stacy 04:50 – Frances' thoughts on the current state of joblessness 07:10 – Things to look out for in the near future 12:00 – Incentive programs for people to go back to work 13:36 – Things happening in real estate 15:20 – Frances' proposals and thoughts on how to prevent rates from going negative 18:25 – Stocks, the markets, and trading 29:00 – Economist market projections 31:45 – Airlines stocks as an example of cyclical recovery 34:45 – Parting thoughts on what people should or could do with their money 41:55 – What's the best way to get ahold of Frances? 43:30 – Thanks for listening to the Big Mike Fund podcast. Quotes: “Lower rates usually support the real estate market but in a situation where you don't have banks willing to lend, then that kind of restrains that area. So you may not see that traditional reaction to the rates falling.” – Frances Newton Stacy “In New York City, 30% of restaurants will never open their doors again. And how many of those 30% actually default somewhere in credit-land?.” – Frances Newton Stacy “In real estate, you have to wait. We don't know what the data is going to do but I personally wouldn't pay pre-COVID prices until I saw what the defaults look like.” – Frances Newton Stacy, on what to do with your money in the near future. “It would be so much better to give employers and employees incentives to go back to work.” – Mike Zlotnik Resources: Previous episode with Frances Newton Stacy Optimal Capital
Welcome back to the Big Mike Fund podcast. Today I’m talking with my good friend, Jimmy Shiels. We’ve known each other for many years. He’s a humble and genuine guy who classifies himself as a speaker, consultant, and the crazy glue that can help keep families together. The mission for his company, 18 Summers, is to help create relationships between entrepreneurs and their families, which can get strained due to the lifestyle and professional pressures of being an entrepreneur. With this new reality, situations at home are changing and families are being impacted. Today, Jimmy shares his thoughts on what families can do while they’re at home, in order to take advantage of the time that we have together. Minute Markers: 00:35 - A little bit about Jimmy 01:15 - 18 Summers 02:00 - How the quarantine is affecting families 04:45 - The story behind 18 Summers 06:35 - One-on-one time and having conversations with your spouse or SO 08:30 - “You should have known better.” 09:15 - Too much technology 10:30 - Family dinners 11:50 - Keeping work and family life separated/multitasking 14:00 - Being separated from family 16:15 - Family retreats/Virtual events 19:50 - Reaching out to Jimmy 20:36 - Parting thoughts 21:44 - Thank you for listening to the Big Mike Fund Podcast Quotes: “The average person will spend 85% of the time they ever have with their children by the end of their 18th summer because the amount of opportunities starts to delineate because they’re off to college, they’re going into their own life.” - Jimmy Shiels “The average person--the average family 60 years ago, dinner was about 90 minutes. Now, the average time length for dinner now? 12 minutes.” - Jimmy Shiels “The days are long but the years are short.” - Jimmy Shiels “[This quarantine] is a crisis but also an opportunity.” - Mike Zlotnik “Be present; that’s the most important thing.” - Mike Zlotnik Resources: Jim Sheils Official Website The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children by Jim Sheils
Welcome back to the Big Mike Fund podcast. Today I'm talking with my good friend, Jimmy Shiels. We've known each other for many years. He's a humble and genuine guy who classifies himself as a speaker, consultant, and the crazy glue that can help keep families together. The mission for his company, 18 Summers, is to help create relationships between entrepreneurs and their families, which can get strained due to the lifestyle and professional pressures of being an entrepreneur. With this new reality, situations at home are changing and families are being impacted. Today, Jimmy shares his thoughts on what families can do while they're at home, in order to take advantage of the time that we have together. Minute Markers: 00:35 – A little bit about Jimmy 01:15 – 18 Summers 02:00 – How the quarantine is affecting families 04:45 – The story behind 18 Summers 06:35 – One-on-one time and having conversations with your spouse or SO 08:30 – “You should have known better.” 09:15 – Too much technology 10:30 – Family dinners 11:50 – Keeping work and family life separated/multitasking 14:00 – Being separated from family 16:15 – Family retreats/Virtual events 19:50 – Reaching out to Jimmy 20:36 – Parting thoughts 21:44 – Thank you for listening to the Big Mike Fund Podcast Quotes: “The average person will spend 85% of the time they ever have with their children by the end of their 18th summer because the amount of opportunities starts to delineate because they're off to college, they're going into their own life.” – Jimmy Shiels “The average person–the average family 60 years ago, dinner was about 90 minutes. Now, the average time length for dinner now? 12 minutes.” – Jimmy Shiels “The days are long but the years are short.” – Jimmy Shiels “[This quarantine] is a crisis but also an opportunity.” – Mike Zlotnik “Be present; that's the most important thing.” – Mike Zlotnik Resources: Jim Sheils Official Website The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children by Jim Sheils
A former software designer turned real estate lender, "Big Mike" Zlotnik talks about his evolutions through his lending career as a hard money lender, transactional lender, and now fund manager of two real estate-centric funds focused on income and growth. Listen in as he gives the tried and true methods of how to raise private capital the right way, as well as where he thinks the opportunity is in this current market cycle. Mike started and spent nearly 15 years of his career in the information technology field managing risk, business intelligence and quality of complex systems, software and processes. While building a successful carrier in IT, his passion was in REI because of its predictability of outcome and well understood risks. Mike became a debt and equity investor in real estate in 2000. In 2009, he joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations. Starting from January 2014, Mike has assumed the responsibility of a CEO and has since founded TF Management Group, LLC, launching 2 new real estate investment funds, TF Investment Fund II LLC (Income Fund) and Tempo Opportunity Fund LLC (Growth & Income Fund). Under Mike’s Leadership, the company has seen transformation & growth, delivering strong returns for fund investors. Mike is an author of the book called: “How to Choose a Smart Real Estate Investment Fund”, available on Amazon.com, search for Mike Zlotnik. Connect with Mike at BigMikeFund.com. There you can also find his podcast “Big Mike Fund” or find it on Apple Podcasts.
My guest today is Jay Conner from Moorhead City, North Carolina. A big, kind shark in a small pond, he works in small-town real estate investments. Today we talk about raising “small money, ‘mom-and-pop' style money” for real estate deals. MINUTE MARKERS: 0:30 — Introduce Jay Conner to the show 0:53 — Moorhead City, North Carolina 1:41 — Small city with private funds “Mom and pop money for real estate deals” 2:05 — Why “mom-and-pop money” is great for businesses who need investments 4:17 — Giving Jay Connor credit for his amazing accomplishment 5:11 — How do you go from $0.00 to $2 million in 90 days? 5:37 — Develop a program to offer people 6:18 — “Warm market” 6:57 — Jay's program 8:34 — Why Jay's program is perfect for “soft money” lenders 9:09 — How do you bridge the trust between you and a “soft money” lender? 9:40 — “Positioning” 12:15 — Focus on the program 13:46 — The bottom line answer 14:18 — How does a brand new real estate investor do this program? 15:20 — Recap of Jay's answer 15:28 — One of the best ways-these days-to deliver a message and why 17:13 — The three types of partners 18:07 — How to break through on your warm leads 18:51 — How to host a successful private lender luncheon 19:15 — Who do you invite to a private lender luncheon 20:37 — How to have credibility at private luncheons 21:21 — The good ol' traditional way to build investor trust in small towns 23:14 — Jay's free online class 24:00 — Thank you, Jay! 24:16 — Thank you for listening to the Big Mike Fund Podcast RESOURCES: Tempo Management Group LLC: https://tempofunding.com/ Jay's Free Online Class: https://www.jayconner.com/training/wtgtmn-webinar-rev2/ TWEETS “‘Mom-and-pop money is very favorable to you as a project sponsor, as an operator, as a fix-and-flipper, because it's generally friendly. It's soft money.” — Mike Zlotnick “Recorded video in today's day and age is one of the best ways to deliver a message.” — Mike Zlotnick “What is it that is going to make them feel good about doing business [with you]?” — Jay Conner “Education works better than trying to sell them.” — Mike Zlotnick
Real Estate Investing With Jay Conner, The Private Money Authority
Mike Zlotnik answers these questions:How is Real Estate doing nowadays? How to find good and great deals? All asset classes (Stocks, Bonds, Alternatives, Real Estate) appear to be fully priced or even overpriced. Is there correction coming? What's the difference between an individual Real Estate Property Investment and investment into a fund like the one you manage, Tempo Opportunity Fund LLC?How does one find a good Real Estate Fund to invest in? What are typical returns in a small “value-add focused” Real Estate fund, like yours? How long do I have to stay in a fund? How secure is my investment? How often do I get paid?What is your best Investment Advice? 'Just do it'Could you recommend a good business book to read? 'Extreme Ownership'Mike Zlotnik has been a debt and equity investor in real estate for since 2000. He started his career and had spent nearly 15 years in the information technology field managing Risk, Business Intelligence and Quality of complex systems, software and processes.While building a successful carrier in IT, Mike's passion has always been real estate investing because of its predictability of outcome and well understood risks. In 2009, Mike joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations.Starting from January 2014, Mike has assumed the responsibility of a CEO and has since founded TF Management Group, LLC, launching 2 new real estate investment funds, TF Investment Fund II LLC (Income Fund) and Tempo Opportunity Fund LLC (Growth & Income Fund).Under Mike's Leadership, the company has seen transformation & growth, delivering strong returns for the fund investors. Mike holds a Bachelor's degree in Mathematics from Binghamton University. Mike is a member of multiple real estate and investor mastermind groups such as Collective Genius, Freedom Founders, Venture Alliance, CA Investors (Private).Mike is an author of the book called: “How to choose a smart Real Estate Investment Fund”, available on Amazon.com. He also has a Podcast “Big Mike Fund” that can be found at BigMikeFund.com or on iTunes. To get a free copy of his book by emailing at mike@tempofunding.com.https://www.amazon.com/Real-Estate-Investment-Fund-Investing-ebook/dp/B0768QLDFB/ref=sr_1_fkmrnull_1Register for the Real Estate Cashflow Conference:http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4woThe Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557P 252-808-2927F 252-240-2504Channelhttps://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6whttps://www.youtube.com/c/RealEstateInvestingWithJayConnerRSS Feedhttp://realestateinvestingdeals.mypodcastworld.com/rss2.xmlGoogle Playhttps://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47yiTunes:https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034Watch on ROKU:Rokuhttps://my.roku.com/add/realestateinvestingRokuhttps://my.roku.com/add/realestateinvestingWatch on Amazon Prime:https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
Real Estate Investing With Jay Conner, The Private Money Authority
Mike Zlotnik answers these questions:How is Real Estate doing nowadays? How to find good and great deals? All asset classes (Stocks, Bonds, Alternatives, Real Estate) appear to be fully priced or even overpriced. Is there correction coming? What's the difference between an individual Real Estate Property Investment and investment into a fund like the one you manage, Tempo Opportunity Fund LLC?How does one find a good Real Estate Fund to invest in? What are typical returns in a small “value-add focused” Real Estate fund, like yours? How long do I have to stay in a fund? How secure is my investment? How often do I get paid?What is your best Investment Advice? Could you recommend a good business book to read?Mike Zlotnik has been a debt and equity investor in real estate for since 2000. He started his career and had spent nearly 15 years in the information technology field managing Risk, Business Intelligence and Quality of complex systems, software and processes.While building a successful carrier in IT, Mike's passion has always been real estate investing because of its predictability of outcome and well understood risks. In 2009, Mike joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations.Starting from January 2014, Mike has assumed the responsibility of a CEO and has since founded TF Management Group, LLC, launching 2 new real estate investment funds, TF Investment Fund II LLC (Income Fund) and Tempo Opportunity Fund LLC (Growth & Income Fund).Under Mike's Leadership, the company has seen transformation & growth, delivering strong returns for the fund investors. Mike holds a Bachelor's degree in Mathematics from Binghamton University. Mike is a member of multiple real estate and investor mastermind groups such as Collective Genius, Freedom Founders, Venture Alliance, CA Investors (Private).Mike is an author of the book called: “How to choose a smart Real Estate Investment Fund”, available on Amazon.com. He also has a Podcast “Big Mike Fund” that can be found at BigMikeFund.com or on iTunes. To get a free copy of his book by emailing at mike@tempofunding.com.https://www.amazon.com/Real-Estate-Investment-Fund-Investing-ebook/dp/B0768QLDFB/ref=sr_1_fkmrnull_1Register for the Real Estate Cashflow Conference:http://bit.ly/jaymoneypodcast Jay Conner is a proven real estate investment leader. Without using his own money or credit, Jay maximizes creative methods to buy and sell properties with profits averaging $64,000 per deal.What is Real Estate Investing? Live Cashflow Conference https://youtu.be/QyeBbDOF4woThe Conner Marketing Group Inc.P.O. Box 1276, Morehead City, NC USA 28557P 252-808-2927F 252-240-2504Channelhttps://www.youtube.com/channel/UCZfl6O7pRhyX5R-rRuSnK6whttps://www.youtube.com/c/RealEstateInvestingWithJayConnerRSS Feedhttp://realestateinvestingdeals.mypodcastworld.com/rss2.xmlGoogle Playhttps://play.google.com/music/listen#/ps/Ihrzsai7jo7awj2e7nhhwfsv47yiTunes:https://itunes.apple.com/ca/podcast/real-estate-investing-minus-bank-flipping-houses-foreclosure/id1377723034Watch on ROKU:Rokuhttps://my.roku.com/add/realestateinvestingRokuhttps://my.roku.com/add/realestateinvestingWatch on Amazon Prime:https://www.amazon.com/How-Locate-Real-Estate-Deals/dp/B07M9WNZR6/ref=sr_1_3
It's no secret we're not fans of mutual funds. Is it possible there's someone who's actually doing it right? And even earning HIGHER returns with LESS risk than your 401k/IRA funds? On today's show, Anti-Financial Advisor - Chris Miles interview "Big Mike" Zlotnik about how he manages his fund and invests in safer deals, often returning 10-13% a year! Tune in now! Mike Zlotnik Bio: Mike Zlotnik has been a debt and equity investor in real estate since 2000. He started his career and had spent nearly 15 years in the information technology field. While building a successful carrier in IT, Mike's passion has always been real estate investing because of its predictability of outcome and well understood risks. In 2009, Mike joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations. Starting from January 2014, Mike has assumed the responsibility of a CEO, founded TF Management Group, LLC, and launched 2 new real estate investment funds. Mike is an author of the book: “How to choose a smart Real Estate Investment Fund”, available on Amazon. He also has a Podcast “Big Mike Fund” that can be found HEREor on iTunes. Chris Miles Bio: Chris Miles, the "Cash Flow Expert," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and has spoken to thousands getting them fast financial results.
It's no secret we're not fans of mutual funds. Is it possible there's someone who's actually doing it right? And even earning HIGHER returns with LESS risk than your 401k/IRA funds? On today's show, Anti-Financial Advisor - Chris Miles interview "Big Mike" Zlotnik about how he manages his fund and invests in safer deals, often returning 10-13% a year! Tune in now! Mike Zlotnik Bio: Mike Zlotnik has been a debt and equity investor in real estate since 2000. He started his career and had spent nearly 15 years in the information technology field. While building a successful carrier in IT, Mike's passion has always been real estate investing because of its predictability of outcome and well understood risks. In 2009, Mike joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations. Starting from January 2014, Mike has assumed the responsibility of a CEO, founded TF Management Group, LLC, and launched 2 new real estate investment funds. Mike is an author of the book: “How to choose a smart Real Estate Investment Fund”, available on Amazon. He also has a Podcast “Big Mike Fund” that can be found HEREor on iTunes. Chris Miles Bio: Chris Miles, the "Cash Flow Expert," is a leading authority on how to quickly free up and create cash flow for thousands of his clients, entrepreneurs, and others internationally! He's an author, speaker, and radio host that has been featured in US News, CNN Money, Bankrate, Entrepreneur on Fire, and has spoken to thousands getting them fast financial results.
We all know that when interest rates go up, borrowing money becomes more expensive. This also has a profound effect on properties, because the more expensive borrowing becomes, the less debt the property can substantiate, in turn decreasing the property value. As those property values decline, cap rates will continue to climb, meaning that as interest rates rise, cap rates increase as well. What do those rising interest rates actually mean for real estate investors? Our guest for today is Mike Zlotnik who is the CEO of Tempo Funding and the Founder of TH Management Groups, which are real estate investment companies. He has been a debt and equity investor in real estate since 2000 and has always had a passion for it because of its predictability of outcome and well-understood risks. Mike is also a member of multiple real estate and investor mastermind groups including Collective Genius and hosts a podcast called Big Mike Fund. Today we are going to discuss... Why watching unemployment is critical if you are going to try to predict anything about interest rates Why rising interest rates can significantly impact most US citizens, even if they aren't buying a house Our guest's prediction about the outcome of the unheard of monetary policies which started in 2008 Learn more about our guest: Website: BigMikeFund.com Subscribe in iTunes. Click here to access our investment opportunities.
Mike Zlotnik has been a debt and equity investor in real estate since 2000. He started his career and has spent nearly 15 years in the IT field, managing risk, business intelligence and software. Mike’s passion has always been real estate investing because of its predictability and well-understood risks. In 2009, he joined Tempo Funding, LLC (Mortgage Pool Fund), as Vice President. In 2014, he assumed the role of CEO. Mike is the author of the book, How to Choose a Smart Real Estate Investment Fund. He also has a podcast called “Big Mike Fund”.
A Millennial’s Guide to Real Estate Investing With Antoine Martel
On this episode I sit down Mike Zlotnik who is a hard money lender. He is the fund manager for Big Mike Fund and he has been lending in real estate since 2009. He is a great resource for anyone who is interested in becoming a hard money lender. He knows the cycles of the real estate market well and answers some questions about the cycle we are in right now. If you have a question that you want to be answered on the next episode, tweet me or DM me @martelantoine. Or you can ask questions here - martelturnkey.com/podcast-questions/