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We'd love to hear from you. What are your thoughts and questions?Chris Pomerleau, a successful real estate investor and founder of LeavenWealth , shares his journey and insights in the past two years. He discusses the importance of surrounding oneself with like-minded individuals and building a strong team. Chris emphasizes the benefits of passive investing in real estate, including the ability to generate long-term wealth and passive income. He highlights the four ways real estate investors can make money: cash flow, appreciation, depreciation, and equity paydown. Chris also explains the concept of infinite returns through refinancing and rolling money into new investments. He concludes by discussing the difference between direct syndication and fund investment.Main Points:Surround yourself with like-minded individuals and build a strong team to support your real estate investment journey.Passive investing in real estate allows for long-term wealth creation and passive income.Real estate investors can make money through cash flow, appreciation, depreciation, and equity paydown.Infinite returns can be achieved through refinancing and rolling money into new investments.Direct syndication and fund investment offer different approaches to real estate investing.Connect with Chris Pomerleau:chris@leavenwealth.comhttps://www.linkedin.com/in/cashflowwithchris/https://www.leavenwealth.com/
What were the top AHA moments on Financial Freedom with Real Estate Investing in 2023?As the year comes to an end, it's time for a highlight reel of our most inspiring moments on the podcast in the last 12 months.On this Best of 2023 episode, we revisit our conversation with Faisal Ensuan and Dr. Sheri Fluellan on why real estate syndicators need the right coach and reflect on Joseph Kimbrough's advice around building relationships with high-net-worth investors.We look back at Marc Rutzen's insight on using AI for asset management, Chris Pomerleau's guidance on overcoming imposter syndrome and Nicole Gauthier's suggestions for connecting with a real estate investing mentor.We also share wisdom from Rachel Richards on the value of financial independence, Ross Hamilton on successfully pivoting a real estate company, and Jon Jasniak on land flipping with no friction.Listen in for Matt King's advice on choosing a peer group that will help you level up and get free coaching from our top guests on Financial Freedom with Real Estate Investing in 2023!For full episode show notes visit: https://themichaelblank.com/podcasts/session400/
It took Chris Pomerleau four years to realize he didn't have to replace toilets himself and another four years to realize he didn't have to do his own books.That's when Chris went from simply doing deals to building a real estate business.So, why does it take most investors so long to scale? And what can YOU do to achieve financial freedom much faster?Chris is Cofounder of LeavenWealth Capital, a real estate investment firm out of Omaha, Nebraska, with 2,700 multifamily units totaling $211M in assets under management.Chris also serves as Cofounder and VP of Investment Strategy at Rayven, a Reg A investment business committed to fighting climate change by way of net-zero apartment buildings.On this episode of Financial Freedom with Real Estate Investing, Chris joins me to discuss how he got his start using the BRRRR method with SFHs—until he realized it wasn't scalable.Chris explains how he grew his real estate business, describing how he made the shift from borrowing money to raising equity and why having conversations with investors outside his circle was scary at first.Listen in to understand Chris' 50/50 approach to real estate partnerships and learn how to think about hiring not as an expense, but as an investment in your multifamily business!For full episode show notes visit: https://themichaelblank.com/podcasts/session388/
Chris Pomerleau is the co-founder and director of investment strategy at LeavenWealth, a lead sponsor of value-add multifamily properties through syndication and JVs. In this episode, Chris discusses his newest project, Rayven, which is a Regulation A fund that is seeking to expand access to real estate investing for non-accredited investors while also saving the planet. He tackles some of the objections to Regulation A funds as well as the major benefits it provides investors. Chris Pomerleau | Real Estate Background Co-founder and Director of Investment Strategy at LeavenWealth Portfolio: $240M in AUM 2,700 units Based in: Omaha, NE Say hi to him at: leavenwealth.com joinrayven.com liquidlendingsolutions.com Best Ever Book: 10x Is Easier Than 2x by Benjamin Hardy and Dan Sullivan Greatest Lesson: Be passionate about helping people. Click here to learn more about our sponsors: Techvestor Innago BAM Capital
In this episode of "Raise Private Money Legally," host Kim Lisa Taylor, Esq. interviews longtime client Chris Pomerleau of LeavenWealth Capital LLC. Kim and Chris discuss how Chris and his team have built an empire by buying small apartment complexes close to home.The Episode at a Glance:The pros and cons of investing in small multifamily complexesHow to gauge the viability of potential dealsHow to best manage your investmentsAnd the outlook for the market in the coming monthsGuest BioAs Co-Founder and Director of Investment Strategy at LeavenWealth, Chris oversees the acquisitions of assets and business development activities. He also directs the overall investment strategies of LeavenWealth.Over the past seven years, he has acquired 2,700 apartment units worth $228 million throughout the Midwest. Chris owns Brick Town Construction, Brick Town Property Management, and Liquid Lending Solutions.
Chris Pomerleau & Marquis Cobb discuss managing properties, the many different jobs to learn & struggles that come with starting off in multifamily, and branding for new syndicators. Interested in learning from me? Visit https://www.thetribeoftitans.info/coachingJoin our multifamily investing community for FREE for in-depth courses and live networking with like-minded apartment investors at the Tribe of TitansLink to subscribe to YouTube channel: https://tinyurl.com/SubYouTubeDiaryPodcastApple Podcasts: https://tinyurl.com/AppleDiaryPodcast Spotify: https://tinyurl.com/SpotDiaryPodcast Google Podcasts: https://tinyurl.com/GoogleDiaryPodcast Follow us on:Facebook: https://www.facebook.com/DiaryAptInv/ Twitter: https://twitter.com/Diary_Apt_Inv Instagram: https://www.instagram.com/diary_of_an_apartment_investor This episode originally aired on February 6, 2023----Your host, Brian Briscoe, has been a general partner in 1000+ units worth over $100 million and has been lead sponsor, asset manager, capital raiser, and key principal on these properties. He has developed a multifamily education community called the Tribe of Titans that helps aspiring investors learn the game, network with other like-minded professionals, and get their apartment investing business to the next level. He is founder of Streamline Capital Group, which will continue to acquire multifamily assets well into the future. He retired as a Lieutenant Colonel in the United States Marine Corps in 2021.Connect with him on LinkedIn----Chris Pomerleauother than building relationships with brokers, what are some great ways to find off market deals - what does asset management entail/what does the day to day of asset management look like - how much time per property does it take to do asset management - how can we attract passive investors (online or offline) to build our investor poolLearn more about him at: https://www.linkedin.com/in/cashflowwithchris/----Marquis CobbMarquis Cobb active duty air force pilot. Originally from Kentucky. My "why" is my family I have now and my future family, I want to be able to provide for my parents and grandparents and build something that will support my future children and generations after me. Hobbies are fishing, golfing, and spending time at the beach if possible.Learn more about him at: https://www.linkedin.com/in/marquis-cobb/
It's 50 baby! And we had to bring in a heavy hitter for this one! Hailing from all the way across the river ( as they say in Omaha Nebraska) Chris Pomerleau was born in Council Bluffs Iowa. During his time in law school, Chris saw an opportunity to serve as a lawyer in the military and joined. Immediately after graduating in 2010, he got the shock of his life when he was reassigned as a logistics officer. After repaying his debt owed to Uncle Sam, Chris was able to leave in 2013 and moved back into his mum's basement, engaged to his then fiancée (now wife) Shivani. He finally got to practice as a lawyer working in family law for a National firm. Chris won rookie of the year award in his first year and was 2nd attorney nationally in his 2nd year. While this seemed nice, he realized that his salary was capped, he hated his job and needed a change. Enter Real Estate Investing. Chris started buying investment properties with his father. He bought 4 properties in 4 years doing everything with his dad. Chris wanted to show his father that there was a better and smarter way to invest so he bought a duplex without him and used that as a proof of concept to do the same thing with a 20 unit property. Chris, along with his business partner Colin Schwartz, strategically BRRRR'd his way to 2400+ rental units, a method known to most investors. The way it was done? Let's listen and find out! You can Join the Omaha REIA at https://omahareia.com/ Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA Check out the National REIA https://nationalreia.org/ Find Ted Kaasch at www.tedkaasch.com Owen Dashner on Facebook https://www.facebook.com/owen.dashner Instagram https://www.instagram.com/odawg2424/ Red Ladder Property Solutions www.sellmyhouseinomahafast.com Liquid Lending Solutions www.liquidlendingsolutions.com Owen's Blogs www.otowninvestor.com www.reiquicktips.com If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!!
In the second part of our special edition Episode 50, Chris Pomerleau details how he relies on other people to fuel his exponential growth. He takes high level thinking and strategies and simplifies it so that anyone trying to scale their investment business and use OPM (Other People's Money) can have a good understanding of what's involved. He shares his thoughts about understanding the value of what you to a partnership, how to recruit a team of Aces and his strategy on navigating these uncertain economic times. If you're ready to scale your business, or even if you're not at that point just yet, this will give you that motivation to do so! Let's listen to Part 2 or REIA Radio 50! You can Join the Omaha REIA at https://omahareia.com/ Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA Check out the National REIA https://nationalreia.org/ Find Ted Kaasch at www.tedkaasch.com Owen Dashner on Facebook https://www.facebook.com/owen.dashner Instagram https://www.instagram.com/odawg2424/ Red Ladder Property Solutions www.sellmyhouseinomahafast.com Liquid Lending Solutions www.liquidlendingsolutions.com Owen's Blogs www.otowninvestor.com www.reiquicktips.com Leavenwealth https://www.leavenwealth.com/ Chris Pomerleau on Facebook https://www.facebook.com/chris.pomerleau.3 LinkedIn https://www.linkedin.com/in/cashflowwithchris Twitter https://twitter.com/chrispomerleau If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!!
Thank you for listening to this week's episode of The No B.S. Real Estate Show. Want to contact us, or one of the guests? Check out the links below! For more information on investing actively or passively please reach us via our portal at www.thevisioneergroup.com/invest. Guests Contact Info:Website - https://leavenwealth.com/LinkedIn - https://www.linkedin.com/in/cashflowwithchris/Email - Chris@leavenwealth.comDownload FREE Documents From Our Website: thevisioneergroup.com/resourcehubContact Ethan: https://linktr.ee/EthanneumannContact Harris: https://shor.by/EfN3
Are you in real estate for quick gains or long-term generational wealth creation? If you're in the latter group, Chris Pomerleau has a buy-and-hold model you just can't pass up. Chris is an attorney by trade as well as a skilled investor and syndicator. As an equity manager of over $46MM in assets under management, he helps others achieve freedom with passive income by investing in real assets without having to invest their time and effort. You don't want to miss this episode where we'll be breaking down Chris' best strategies for owning real estate for generational wealth. [00:01 - 05:58] Stop Volunteering Those Weekends Chris' experience from an attorney, to military, to BRRRR, to scaling multifamily Chris talks about shifting from single-family to multifamily How Chris' Master in negotiation plays into building his business [06:53 - 12:21] Scaling CRE Comes with Finding the Right People Finding the best people to stay high level and build the company Bringing traffic by positioning yourself as a thought leader Chris breaks down his “mini funds” structure and how it works to everyone's benefit The importance of vetting and what to look for in a property management company [12:22 - 18:04] Owning Real Estate For Generational Wealth and Passive Income How LeavenWealth goes about establishing property management locations Why Chris opts out of the Flip method in favor of Buy and Hold to keep making money indefinitely How long-term holds benefit investors [18:05 - 19:09] Closing Segment Reach out to Chris! Links Below Tweetable Quotes “If you can just weed out the people and or the hardline opinions and just try to meet at the end to satisfy everybody, that's the most important thing.” - Chris Pomerleau “If [a] property continues to pay you indefinitely if it's taken care of, why get rid of it…? Our goal is to never sell, it's to treat it as if we'll hold it forever and hopefully my children own it.” - Chris Pomerleau ----------------------------------------------------------------------------- Connect with Chris over on LinkedIn. If you're looking for real returns from real assets, look no further than LeavenWealth over on Instagram, Twitter, and over on leavenwealth.com. Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns. Facebook LinkedIn Like, 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 Want to read the full show notes of the episode? Check it out below: Chris Pomerleau 0:00 It's the greatest feeling in the world when you return their money. I don't hear from 90% of our investors ever until they get their money back. And then all of a sudden, when's the next one? And it's because they get it right. They understand and they get to own it. So maybe we're attracting that type of investor and there are different types of appetites, I suppose. Intro 0:18 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Sam Wilson 0:30 Chris Pomerleau is the co-founder of LeavenWealth Capital with $200 million in assets under management and over 2,500 in seven different states throughout the Midwest. Chris, welcome to the show. Chris Pomerleau 0:41 Appreciate it. Thanks for having me. Sam Wilson 0:43 Hey, man, pleasures mine. Same three questions I ask every guest who comes on the show: in 90 seconds or less, where did you start? Where are you now? How did you get there? Chris Pomerleau 0:49 Yeah, I was born and raised in the Omaha area. I did college sports, then I went on to law school, got a master's degree in negotiation along with my law school degree. I was in the military for a little bit after that and then started practicing law. I received some accolades early on in my legal career that made me realize, you can meet every metric that your job wants you to, but there's a ceiling, it comes quick. So, jumped into real estate investing in single-family homes in 2013. With my father, we were “buy and hold.” So we just the BRRRR Method, if you will. And after that worked on three or four single-family homes, I said, Why not a duplex? And I said why not a 20 unit? And then why not 100 unit? And from there on that's exactly what we've constructed our entire business plan around is just refinancing and rolling the ownership of all of our apartment complexes and then taking on investors along the way. Sam Wilson 1:40 Right, man, that's fantastic! Tell me, you know, as you've scaled through, you've done the typical progression, where it's like, Oh, hey, you know, I'm more of a single-family on board with this. We just keep getting bigger and bigger. What were some of the pivotal moments when you knew you were on to something? And then what did you do to act on it? Chris Pomerleau 1:55 It was certainly our first successful refinance of our single-family home. It took my father and me about 14 months. I mean, we were going there every weekend, sometimes at nights, laying the flooring, painting, doing everything ourselves took us over a year, right? We refinance the property, got all of our initial cash back, and I said, that's great! But now we're making you know, $300 a month cash. What was that last year for? But we did that three more times. And then we got to learn along the way. I basically realized early on that, look, we have to start scaling this. We have to stop volunteering our weekends, we're still trading time for money. And as soon as we were able to hire out everything for that first 20 unit on general contractors, property management, all of that stuff, and actually get in and out of a 20 unit deal for free, if you will, meaning we still to this day on that 20 unit. And within 11 months, we had fully turned the entire place that we got all of our money back. I said, there's no end in sight because you get your own way sometimes. And it took me a while to learn that. I learned a lot along the way but that's certainly what we build our business plan around now. Chris Pomerleau 3:02 I am. That's correct. Sam Wilson 3:03 And do you still practice law? Chris PomerleauChris 3:05 So at this moment, I'm about one to five hours a month where I practice law. I would imagine that in 2022, that'll most likely come to an end. Sam Wilson 3:14 Right? So you're not - yeah, one to five hours a month is not a big-time commitment. Chris Pomerleau 3:18 It's not. Enough to keep my license and I really enjoy the people that I work with. I've been there a long time, everyone's great there. And that was kind of, not a startup, but a new firm and so I kind of have this feeling of connectivity with the group. But certainly, I'm 100% real estate. Sam Wilson 3:33 Right. Tell me about the Master in negotiation. How has that changed? Or how does that affect what you do now? Chris Pomerleau 3:39 I'm glad that I have it. I think it's helped a lot in my life, whether it's legally and all the cases I was a part of, or perhaps the negotiations. I got that simultaneously with my law degree. So in the mornings, I would go to the Army ROTC and then all day, I'd be in law school and then at night, I was getting my master's in negotiation. And the goal was a better round myself to - I didn't know at that time I want to do real estate but I knew that a master's in negotiation would certainly help with the legal career and also just perhaps anything that came my way. What do I think that it's helped me with? I think it doesn't take a massive negotiation to know this, but it's been drilled in my head and it certainly has proven to be true is that, right? And so sometimes, you get stuck with a seller saying I've owned this for 20 years, it's worth this. This is all my hard work or a buyer is saying, I can only afford X amount per door and sometimes there are ways to negotiate that work for everybody. Sam Wilson 4:41 Right. That's an absolutely valid point. So Chris, tell me this, what is it that you guys are that your role is inside of LeavenWealth Capital? Chris Pomerleau 4:49 So I'm co-founder along with Colin Schwartz and I kind of had the transactions in the investment strategies. I'm helping pull different investments into different mini funds on many syndications. I'm finding the right investors for the right deal. Some investors don't mind not having returned for a few years where others want the return starting day one. So we find the best deals to kind of help fit. And then I'm also a part of, operationally with Colin, a number of businesses that we have. So we have not only our syndication company but we own two property management companies, we own a construction company, we own a hard money lending company. And it seems as though that's a little bit of FOMO. But it's really just scaling, right? These are all people that we would use anyway, we need property management companies, why not own the place? We need, many times we use hard money on some of these smaller deals where we'll buy a four-unit. And I know that's not a lot of the listeners don't care about four units. But if you can buy a four-unit with hard money for four and $1,000, and then refinance it four weeks later, for $500,000; Hard Money is perfect for that one, I don't the company lends the money. So I'm really just kind of operationally speaking at the top of the ownership of trying to help with making it all work in the end I suppose. Sam Wilson 5:59 That is a skill set that many aspire to and few possess that ability to stay high level and build out companies without getting in the weeds. How have you done that? Chris Pomerleau 6:11 I'd be lying if I said I've been perfect since day one, you know. My ability to delegate has taken some massaging. It's really just surrounding yourself with the right people. And that's really whether it's partners on a real estate deal, or whether it's finding the right person to head operations or property management, or we are soon to take on a CFO role, directors of finance. He's joining us from the CPA firm we've used. And so I guess, I think the most important thing in my position, or I'm not gonna say I'm superb at it, but I think we've been able to grow so well is because we have the ability to find individuals that are very, very good at the roles that we need and then making sure they're compensated as such, so that they want to be a part of the team, and they see our overall vision and mission. It's just finding those right individuals to take over. Sam Wilson 6:54 Yeah, finding talent and letting them kind of excel in their role. Sounds like part of it. One of the things that people struggle with early on in this business and really, in any business as I think about it, is that early on the revenues aren't there. They're not there to support bringing on the correct talent. How did you overcome that? Chris Pomerleau 7:12 We were doing it all ourselves, right. So at first, it's just kind of learn as you go. But ultimately, that can only go so far as well. So, through the process, we've built a following. Colin had actually started a great meet-up in town here. And so, kind of being seen as a thought leader and building these groups or whatnot, drive a little bit of traffic and talent our way. And that's just taking some time. Same with experience, you know, the deals are being given now, they weren't coming across my desk, if you will, five years ago, but with the experience in the name we've built, we're starting to attract that attention. So that's mainly one of the reasons we're getting a lot of opportunities to team up with different individuals and people to work in our companies. Sam Wilson 7:50 Got it. That's fantastic. Let's talk about the funds are 'mini funds,' as you call it, that you guys are putting together. Can you break down that whole structure? What do those mini funds do and why they're different than say an ordinary syndication? Chris Pomerleau 8:04 Yes. I mean, so even though I'm an attorney, I'm not giving legal advice at this moment. But I can tell you that, you know, kind of alluding to what I just said is that at first, it was hard to find that right deal. And this was five, six, seven years ago, when deals - I wish I could go back, don't we all five or six, seven years ago - but didn't have experience, right. So even though I was an attorney, and maybe I knew this person or that person without the experience, the banks, and the brokers, and sometimes well, we built that traction. And so recently, we've come across the opportunity to buy this 40-unit, this seven-unit, and this 12-unit and about the same timeline. And instead of saying, well, the 40-units are too small, or I can only concentrate on one, why don't we just package these together as a portfolio. And that's what we did. Our first portfolio like that was called the Midwest Portfolio. One, it consisted of properties in three different states 262 units total. But that helps with the leverage, that helps with the liability, that helps just if the property in Kansas City isn't doing very well, hopefully, the property B in Wichita is doing a little better, and they kind of feed off each other. And that started with the first portfolio, we're now on the fourth portfolio already in less than a year. And that allows us to also not pass on great opportunities like great 11 units. I know that's weird to say, but we used to just kind of kick them to the side because the scalability wasn't there. And now we just throw in the portfolio and everyone gets a chance to invest in it. Sam Wilson 9:26 Right? That also helps offset the expense of organizing a fund, right? Chris Pomerleau 9:31 It really does. Yeah, so it's all owned by one entity, right? And then that one entity has four subsidiary entities and each one of those owns the property but it's all one fund, if you will, it's one syndication. Sam Wilson 9:42 Right, that ordinarily maybe an 11-unit probably wouldn't support even the paperwork side. You're dropping the paperwork, but if you package that with a 40-unit and another 40-unit, how do you get all those sellers to you know, work on the same timeline? It seems like that could be a little bit challenging to have one comes in this week and those two weeks out On two weeks, you get two or three different deals, you're like, well, okay, we've always had to close at the same time, I would imagine. Chris 10:05 Well, luckily, we have structured it so they don't have to close at the same time but in order to appease the investor, for sure, it makes the most sense. And it's the easiest to digest if they do close around the same time. So I can tell you that when we close that first portfolio, everything closed, within four weeks. The portfolio we're on right now, everything will close within about three and a half weeks. So there's a little bit of timeframe difference. There're different sellers but if we can negotiate those, sometimes we've just been successful. Just to give you a point, I had a 20 unit, we're going to close on very soon here. But it made more sense that it closed about 90 to 120 days in the future to align with the other deals that were closing like I am, and they were able to agree with that. We let some money go hard and it worked out that way. Sam Wilson 10:48 Right. Got it. Tell me about some mistakes, or something - a mistake that either cost you time, money, or both. Chris Pomerleau 10:55 Yeah, I'd say the vetting of property management companies, hence why we now own two of our own because we have a lot of control. But of course, they're gonna give you all the best references they can. Of course, they're going to talk the talk, but the question is, do they walk the walk? And I think the mistake we made early on is just kind of trusting those groups, I don't think we just kind of lasseiz-fair with the motions. Maybe this is a hindsight thing, we could have changed, but I do feel as though maybe in hindsight, drilling down further into property management companies could be a benefit to us. I think it helps now that also we own our own private equity companies. So we know what to expect from other property management companies if that makes sense. Sam Wilson 11:31 What do you expect from other property management companies? Chris Pomerleau 11:35 Transparency, and don't hide. Like this is not, actually I feel, and I can tell you members of our team feel this way, is that I think property manager companies are a little more open with us. I can tell you that that's the opinion that they have. And they actually share that with us because they know, they don't have to BS us. I mean, we get it, I want them to make money. If they don't make money, then they're not going to be happy doing what they're doing. So I get the deltas on the bids, and I get all that stuff. But I also don't want our weekly phone calls to be all butterflies and rainbows. I want to know what the heck's going on? And I think, we have gotten great feedback, that because we have both hats if you will, it's benefited us. Sam Wilson 12:11 Yeah, absolutely. The inspector knows what to expect out of an inspector. Chris Pomerleau 12:16 Right, that's perfect. Sam Wilson 12:16 Right, and you could talk a language that somebody is not an inspector couldn't talk. Chris Pomerleau 12:20 That's exactly what it is. Sam Wilson 12:22 Have you used - are you still employing other property management companies because of the locations of the properties you don't have a presence in yet? Is that what it is? Chris Pomerleau 12:30 No, I can tell you, our goal isn't to necessarily grow the property management company so that it's this extremely large revenue income building, it's more for the control because we can hire on-site, we can hire the regional, we can guide how that goes. We have no interest in starting a property management company in a city where our current property management company is already doing well. You know, if it's not broke, don't fix it. So here's an example. We're doing really, really well in Sioux Falls, South Dakota right now, very well. That state has done 70% growth and rental rates just last year, that's a little secret, you can go ahead and cut that out if you want to. But I can tell you that we have a phenomenal property management company there. So we have no interest in going there. It's really just been by necessity that we've done these things, Sam Wilson 13:16 right? That's a lot of the name of the game is that we didn't want to do this. But we need to do this. And that's what makes sense. What are some things that you feel like you've done really well? If you were to give this advice to somebody else, or maybe even your younger self, you'd say, repeat this step, this is something you got to do well. Chris Pomerleau 13:30 I'd say being picky or selective on the investments. I think we've done a really good job of that. I think we haven't just jumped to an investment because we're getting itchy. Or now we have an investor base who reaches out to us every couple of weeks because they think something's wrong because there hasn't been a new syndication launched. I think it's important to stick to our business plan and stick to kind of the metrics we want to see in all of our investments and allow that outcome to please the investors instead of just always having a place to put your money, I think we've done a really good job of that. I mean, we've gone full cycle 52 times now and out of those 52 times, we have gotten 100% of our money back. Now that ranges from a single-family all the way up to an 87 family. And we obviously have a 262-unit and a 235-unit but those are still in the middle of the business plan. But what I'm saying is, we know what we want, we want that refinance, we want that long-term hold, and making sure we find the right property for that. I think we've done a good job of that. Sam Wilson 14:24 When you say long-term hold, what does that mean? Chris Pomerleau 14:26 Well, I can tell you the easiest, the lowest hanging fruit, we don't flip apartments, we just don't do it. And there's nothing wrong with it. House flippers make a lot of money, syndicators who flip apartments and three years they make a lot of money and everyone's happy. And there's nothing wrong with that. What allowed me to get on my attorney job is to own a property that kept paying me. Because in my eyes and again, this has nothing against anybody else's business model, but in our eyes, if that property continues to pay you indefinitely, if it's taken care of why get rid of it. And that's what I mean by long-term now. If in ten, fifteen, thirty years from now someone comes along and offers us something that we can't pass on, then, of course, we're going to take it. Heck, we just sold an apartment every day, we only held for 16 months. But we got an offer we couldn't refuse, we rolled that cash into a larger portfolio. So that's what I mean by what long term is. Our goal is to never sell, it's to treat it as if we'll hold it forever and hopefully my children own it. Sam Wilson 15:19 How are you approaching that conversation with investors because there is commonly the return of capital, which is obviously hurdle one via a refinance? But then there's also the return on that capital that investors are seeking. And the return on that capital can be a slower train or a slower play if you're just collecting it from cash flow. How are you getting investors on board by saying, hey, our plan is not to exit, Wwe're not going to sell the milk cow. How does that work? Chris Pomerleau 15:48 I think they resonate with the cash-out refinance, right? Because in order for us to sell the property in year three, we're going to have to have a decent delta on the amount we've raised that value. Right, right. Well, that delta is typically what we're seeing when we raise that not enough to refinance. So sure, they only make seven 10% cash flow for two years, three years, but then they get $100,000 back, and they continue to make cash flow indefinitely. It's the greatest feeling in the world when to return their money. I don't hear from 90% of our investors, ever until they get their money back. And then all of a sudden, "When's the next one?" And it's because they get it right. They understand and they get to own it. So maybe we're attracting that type of investor. And there are different types of appetites, I suppose. Sam Wilson 16:37 Yeah. When you put together a pro forma or projection or a deal deck to your investors, how do you underwrite that? Because a lot of people are out there IRR shopping, if you will, like oh, well, that's only a nine IRR, I can't do that. And obviously, if you're having, again, the return of capital is step one. But then if it is not a 2x equity multiple in five years, you're not going to hit a 20 IRR, it's just not going to happen. Do you even publish that information? Chris Pomerleau 17:03 It's funny you say that. We've gone back and forth on even posting an IRR and explaining that I haven't needed to but every once in a while, you'll have a sophisticated investor come in and say, "Look, I'm only looking for IRR as a minimum of this." And I say, "Look, I don't know if that's the right fit here but let me tell you what it would be. Because when we return your $100,000 back, in our attorneys blast off on this, we can give you an IRR with an asterisk that says if you want to count the equity you still have in the deal as part of the IRR, then we're gonna be really close to what you wanted." "And by the way, if we turned around and sold the property the day after refinance it, this is what you would have made so that could be your IRR." But we're not flipping apartments and that has gained good traction. Sam Wilson 17:43 I love that and that's been one of my continued, shall I say beefs, in the syndication business, because I'm probably like you, an active investor and also a passive investor in other deals. And once the deal exits and you get your 2x equity multiple in three years, which is a beautiful, great thing. All of a sudden you're like, crap! Now I gotta find a different deal, and that's a good problem to have for me. But I've always enjoyed, personally, the 'buy and hold indefinitely' model a lot more. So, thanks for explaining that. I answered some of my own personal questions here on this show this time. You were very helpful, Chris. Thanks for coming on the show today. I certainly appreciate it. If our listeners want to get in touch with you or learn more about you what is the best way to do that? Chris Pomerleau 18:23 Well, you can find us at LeavenWealth Capital on Instagram, on Facebook on TikTok. I'm on LinkedIn. I'm always happy to speak with either current investors, prospective investors, other syndicators, investors. I really, really enjoy this stuff. So always open to speak to anybody. Sam Wilson 18:39 Awesome, Chris. Thanks again for your time. Have a great rest of your day. Chris Pomerleau 18:42 Thanks, Sam. Appreciate it. Sam Wilson 18:43 Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google podcasts, whatever platform it is you used to listen if you can do that for us. That would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So I appreciate you listening and thanks so much and hope to catch you on the next episode.
Collin's early stages of Real Estate Investing in Omaha actually involved our very own hosts. Owen, who he connected with through Bigger Pockets, has built a relationship with Collin that has since evolved not only into multiple business partnerships but also very good friends. Ted's origin story with Collin eventually led to an introduction to Collin's current business partner, Chris Pomerleau. Ted also assisted in negotiations when Collin bought his first million dollar multi-family property a mere 14 months after his first investment, creatively financing the downpayment by combining a HELOC and refinancing 2 of his smaller multi-family units. Collin quit his job in February of 2018 and his growth to date has been exponential with 1800 units owned across multiple states, multiple development projects and multiple businesses in Omaha and and out of state. Collin's failing forward teaches us to be thorough on our numbers, especially when it applies to getting an appraisal, but also generally when someone else's opinion can make or break a deal. Truck loads of Golden nuggets in this one. Grab your pens and take notes. This is Episode 16 of the REIA Radio Podcast with Collin Schwartz. You can Join the Omaha REIA at https://omahareia.com/ Omaha REIA on facebook https://www.facebook.com/groups/OmahaREIA Check out the National REIA https://nationalreia.org/ Find Ted Kaasch at www.tedkaasch.com Owen Dashner on Facebook https://www.facebook.com/owen.dashner Instagram https://www.instagram.com/odawg2424/ Red Ladder Property Solutions www.sellmyhouseinomahafast.com Liquid Lending Solutions www.liquidlendingsolutions.com Owen's Blogs www.otowninvestor.com www.reiquicktips.com Collin Schwartz on Facebook https://www.facebook.com/collin.schwartz1 Instagram https://www.instagram.com/collin_c_schwartz/?hl=en LinkedIn https://www.linkedin.com/in/collin-schwartz-64519953 Bigger Pockets https://www.biggerpockets.com/users/collinschwartz Omaha Real Estate Meetup https://www.omaharealestatemeetup.com/ Bricktown Management https://www.bricktownmanagement.com/ If you like the content on Omaha REIA Radio, Be sure to give us a review on your favorite podcast platform to help others find us and leverage the knowledge and experience our hosts and guests have to offer. We greatly appreciate you for tuning in and see you in the next episode!!
Chris Pomerleau got his start in real estate with a single family flip that took over a year to complete. Now, he specializes in multifamily in 7 different states with over 2,500 units. Today, Chris is talking about keeping his long-term investors happy with clear communication, how to identify consistent markets, and advice for someone getting into commercial real estate without a proven track record. Chris Pomerleau Real Estate Background: Full time real estate investor 8 years of experience actively doing syndications and JV multifamily assets Current portfolio consists of 2,500 units with $190M in assets under management Based in Omaha, NE Say hi to him at: www.ParkAveInvesting.com Best Ever Book: Who Not How Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss
Finding the Right team can make a world of difference in your passive investment opportunities. Today's guest, Chris Pomerleau discusses his experiences of getting started in real estate investing, and finding the right team to work with. Sometimes it requires making hard decisions but it all is for the benefit of everyone involved. Steven also shares about a new investment opportunity opening up in Dallas. Key Takeaways:You can continue or start doing what you want to do while investing in real estateLook for local operators who have been executing in the business for a number of years that have that track record of experience and has been able to deliver successOnce you refinance that property, received back all of your capital and you're into the deal for $0, it's the largest lightbulb you could possibly imagineImportant things to look at when it comes to Asset Management and Property Management There's a lot more opportunity to create value if you have the ability to execute it well Resources MentionedLooking for your next investment opportunity? Then join this passive investment opportunity webinar about the Estrella Apartments located in Dallas, Texas. Register at https://VonFinch.com/offer About our Guest:Chris PomerleauI began my career with a mission to help people live a better life. I practice family law, and I help many people with marriage dissolution, child custody, or domestic violence cases and more. I'm a determined advocate for all of my clients. My clients are in one of the most difficult situations of their lives, but with empathy and understanding I help them through.As an equity manager of over $46MM in assets under management, I help others achieve freedom with passive income by investing in real assets without having to invest their time and effort. For them, I create passive investment opportunities so they can pursue their own passions and careers. C-Level executives, busy professionals, business owners, and others are now able to have more freedom and financial security by allocating more into our private investment offerings.I am committed to being a resource to my clients and investors. I follow the professional motto “We make a living by what we get, we make a life by what we give,” as said by Winston Churchill.
Recovering attorney turned apartment syndicator with 100MM in assets under management and just short of 1,400 units, Chris helps his investors receive truly passive, long-term income.Main Points:· Importance of truly passive income. · Infinite returns and what that means. · Finding the right partner. · 4 ways to make money in real estate. · Importance of transparency and honestyConnect with Chris:· Www.parkaveinvesting.com· chris@parkaveinvesting.com· 402.740.6995
Mitigating risks and optimizing performance - these are just two of the cornerstones of a great multi family investor. These 2 things coupled with some of the golden nuggets in multi family property investment from our guests today, Chris Pomerleau and Stephen Sykes, will give you a higher degree of success… no doubt! Chris is the co-Founder and Director of Investment Strategy for Park Ave Capital, LLC. He oversees the acquisitions of assets and business development activities and directs the overall investment strategies of the company. A Principal Broker at Cascade Real Estate Group and Partner at Park Avenue Capital, Stephen Sykes on the other hand seeks to leverage his experience in real estate investing and development for the benefit of clients and partners. Join John Brackett as he let these 2 knowledgeable real estate professionals talk you through some of the successful multifamily assets investment transactions that they have handled and the winning factors that helped make it. Episode Highlights: Thinking of yourself as your own first best client Finding and placing the correct buyer Listening: A paramount skill towards understanding your clients The importance of viewing different situations through different lenses How to do deals better Components of a good deal How to make the first right impression “Menu of Offers” and what to include in it Understanding seller motivation Biggest lessons that Chris and Stephen have learned about property management Connect with Chris LinkedIn Facebook Instagram Park Avenue Capital Connect with Stephen Park Avenue Capital About our Guests: Chris Pomerleau Chris is Co-Founder and Director of Investment Strategy for Park Ave Capital, LLC. He oversees the acquisitions of assets and business development activities. He also directs the overall investment strategies of the company. In addition to Park Ave Capital, LLC, Mr. Pomerleau is an attorney and mediator at Nebraska Legal Group. Mr. Pomerleau has practiced family law exclusively and handled cases throughout Nebraska and Iowa; he is an experienced litigator and a determined advocate for his clients. As founder and Director of Park Ave Capital, he originated the concept, developed the operating plan, created the company's products and has raised over $100 million oforreal estate assets. Over the past seven years, he has acquired 1,400 Apartment Units within a three-hour radius of Omaha and completed over 50 real estate transactions. Prior to his entrepreneurial activities, Mr. Pomerleau served in the United States Army. He played college football at Augustana College, where he graduated with his bachelor's in sociology. Furthering his education, he completed both his M.S. in Negotiation and Dispute resolution and his J.D. at Creighton Law School. He is a proud father to two children, with his wife, Shivani. Stephen Sykes With roots in the Midwest, Texas, and the Pacific Northwest Stephen Sykes began investing in real estate in 2005 in Portland and in Omaha in 2015. In his roles as Principal Broker at Cascade Real Estate Group and Partner at Park Avenue Capital, Stephen seeks to leverage his experience in real estate investing and development for the benefit of clients and partners. Stephen has acquired positions in multiple projects across the Midwest and holds real estate Broker's licenses in Nebraska, South Dakota, and Iowa. In his role at Park Ave Capital, Stephen focuses on acquiring and operating multifamily projects that create near term and long term wealth for his partners and clients. In his role as managing broker at Cascade Real Estate Group Stephen, with his partners Collin Schwartz and Chris Pomerleau, run a real estate investment studio designed for passive investors, real estate entrepreneurs, and top producing agents. We structure real estate projects for long term wealth generation. Reach out to Stephen directly to discuss upcoming partnership opportunities, collaborations for raising funds for larger projects, real estate brokerage, and discussions about the long term tax and wealth creation benefits of multifamily investing. --- Did you enjoy today's episode? Please click here to leave a review for The We Build Great Apartment Communities. Be sure to subscribe on your favorite podcast app to get notified when a new episode comes out! Do you know someone who might enjoy this episode? Share this episode to inspire and empower! Connect with John Brackett and We Build Great Apartment Communities Instagram @webuildgreatcommunities Facebook @buildingreatcommunities LinkedIn @brackettjohn Website www.fidelitybps.com Subscribe to The We Build Great Apartment Communities Apple Podcasts Spotify Google Podcasts Do you think you would be a great fit for the show? Apply to be a guest by clicking . Fidelity Business Partners, Inc. 6965 El Camino Real Suite 105-190 Carlsbad, CA 92009 D: 760-301-5311 F: 760-987-6065
Whether you're just about to start investing in multifamily or are in your first few months, Chris Pomerleau has some golden advice to offer you on this week's episode. Find out more about our investing opportunities here
Join Duc and Vince as they chat with Chris Pomerleau and Collin Schwartz about creating business partnerships and scaling multifamily investing. Colin used to work nine-to-five desk jobs before owning Bricktown Management. Meanwhile, Chris served in the U.S. Army for a while before practicing law and learning about real estate. After reading Rich Dad Poor Dad by Robert Kiyosaki, both realized that they needed to find a way to earn a stable income, save up for retirement and still, spend time with family. Hence, the two made it a mission to gain the flexibility to do what they want when they want. Now, if you, too, seek financial freedom, tune in to today's episode and learn more about how Chris and Collin got theirs! Building Relationships in Business We build relationships as soon as we are born, and we continue to do so every day since then. But, among the people we meet throughout our lives, only a few see the world the same as we do. Hence, why meetups, even small ones, are essential for entrepreneurs. They connect like-minded people from different fields, spawning projects upon projects, often leading to successful businesses. However, meetups are not the only ways to build relationships in the industry. Nowadays, social media platforms such as Facebook and LinkedIn are the more popular choices. Here, meeting investors can also double as making friends, which gives partnerships a more solid foundation. About Chris Pomerleau and Collin Schwartz: Chris Pomerleau and Collin Schartz are the founders of Park Ave Capital, LLC. As the Director of Investment Strategy, Chris oversees the acquisitions of assets and business development activities. Meanwhile, Collin manages the day-to-day operations of investments as the Director of Operations. Outline of the episode: ● [04:47] What motivated them to pursue an entrepreneurial path. ● [06:38] How the two scaled to 50 million dollars in assets in 3 years. ● [08:33] Their most recent deal from friend Steven Ward. ● [14:07] Chris' law experience and the syndication business. ● [21:19] Knowing what tool to use to take down values and deals. ● [23:14] How their largest meetup helped grow the business. ● [29:15] Collin's transferable skills from his desk job to real estate. ● [32:06] The first company that started the Chris and Collin dynamic duo. ● [32:56] Tackling vertically integrated property management. ● [38:06] Chris and Collin's favorite systems, which improved effectiveness and efficiency. ● [42:14] The dynamic duo's superpowers. ● [43:23] The most important lessons they learned in both of their careers. ● [44:14] Chris and Collin's advice in gaining financial freedom. Resources: ● Company Website: https://parkaveinvesting.com ● Chris Pomerleau's Linkedin: https://www.linkedin.com/in/cashflowwithchris ● Collin Schwartz' LinkedIn: https://www.linkedin.com/in/collin-schwartz-64519953 ● “Rich Dad Poor Dad” by Robert Kiyosaki: https://www.amazon.com/dp/1612680194 Connect with The Cashflow Project! ● Website ● LinkedIn ● Youtube ● Facebook ● Instagram
Welcome to the Real Estate Masters podcast, where we interview the top names in the Real Estate game. If you want to grow your Real Estate business, see more podcasts or give free resources - Go to www.REMCommunity.com. The only podcast that allows you to directly connect with the guests and many of the highest level names in the real estate game. You are in for a treat with our next guest. Do me a favor, subscribe to the podcast, leave us a review, and don't forget to go to REMCommunity.com to connect with some of the highest level Real Estate professionals in the United States through our community and through our high-level masterminds. Let's go. Today we have Chris Pomerleau and Collin Schwartz Thanks for listening. Now go to www.REMCommunity.com to connect with today's guest. See our high-level masterminds, and to get free resources. Don't forget to share this with a friend and leave us a five-star review. We'll see you on the next episode.
Hey everyone, thank you for tuning in. We've got a two-for-one special episode for everyone to enjoy. Chris Schwartz is an attorney, mediator, and a real estate investor and coach at Omaha, Nebraska. He currently serves in the US Army and has a passion for helping others investing in multifamily real estate.Collin Pomerleau is a full-time real estate investor and owner of Bricktown Management. He is the creator of the largest real estate meetup in Nebraska and has a passion for working with fellow investors in value-add multifamily real estate.[00:01 – 03:45] Opening SegmentLet's get to know Chris and CollinHow they got into real estate investingHow they found each other as competitors and eventual partners since 2017[03:46 – 09:09] Taking out the competition and Growing NetworksWhat they learned from their partnershipSome benefits and advantages they gained from their partnershipChris talks about the state of Park Ave Capital and its future plansFilling voids and gaining opportunities with a brokerage firm[09:10 – 14:31] Property ManagementBuilding their property management companyLearning from third-party property management companiesBuilding systems and defining roles based on individual strengths[14:32 – 20:27] The Path of the multifamily marketChris shares his thoughts about the direction of the multifamily marketPowering through the 2020 crisis and continuing to growPresenting deals to cater to various types of investors[20:28 – 24:50] Closing SegmentChris and Collin's advice to aspiring investorsDon't underestimate partnerships and educationThings they do to stay on top of their gameEducate yourselfSurround yourself with the right peopleTheir way to help make the world a better placeHow to reach out to our guests – links belowFinal wordsTweetable Quotes:“Make sure you have your goals and the end in mind, and make sure they match up.” - Chris Pomerleau“Property management is not for everybody, it's very difficult. But it is one of the most important aspects of protecting your investment.” - Collin Schwartz“Don't underestimate partnerships and education. Partnerships are absolutely key if you really want to grow in this business.” - Collin SchwartzResources Mentioned: Park Ave CapitalRich Dad Poor DadBricktown Management------------------------------------------------------------------------------------------Connect with Chris on LinkedIn or send him an email at chris@parkaveinvesting.com Connect with Collin on LinkedIn or send him an email at collin@bricktownmanagement.com Be sure to visit https://parkaveinvesting.com/Connect 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
Hey everyone, thank you for tuning in. We've got a two-for-one special episode for everyone to enjoy. Chris Schwartz is an attorney, mediator, and a real estate investor and coach at Omaha, Nebraska. He currently serves in the US Army and has a passion for helping others investing in multifamily real estate.Collin Pomerleau is a full-time real estate investor and owner of Bricktown Management. He is the creator of the largest real estate meetup in Nebraska and has a passion for working with fellow investors in value-add multifamily real estate.[00:01 – 03:45] Opening SegmentLet's get to know Chris and CollinHow they got into real estate investingHow they found each other as competitors and eventual partners since 2017[03:46 – 09:09] Taking out the competition and Growing NetworksWhat they learned from their partnershipSome benefits and advantages they gained from their partnershipChris talks about the state of Park Ave Capital and its future plansFilling voids and gaining opportunities with a brokerage firm[09:10 – 14:31] Property ManagementBuilding their property management companyLearning from third-party property management companiesBuilding systems and defining roles based on individual strengths[14:32 – 20:27] The Path of the multifamily marketChris shares his thoughts about the direction of the multifamily marketPowering through the 2020 crisis and continuing to growPresenting deals to cater to various types of investors[20:28 – 24:50] Closing SegmentChris and Collin's advice to aspiring investorsDon't underestimate partnerships and educationThings they do to stay on top of their gameEducate yourselfSurround yourself with the right peopleTheir way to help make the world a better placeHow to reach out to our guests – links belowFinal wordsTweetable Quotes:“Make sure you have your goals and the end in mind, and make sure they match up.” - Chris Pomerleau“Property management is not for everybody, it's very difficult. But it is one of the most important aspects of protecting your investment.” - Collin Schwartz“Don't underestimate partnerships and education. Partnerships are absolutely key if you really want to grow in this business.” - Collin SchwartzResources Mentioned: Park Ave CapitalRich Dad Poor DadBricktown Management------------------------------------------------------------------------------------------Connect with Chris on LinkedIn or send him an email at chris@parkaveinvesting.com Connect with Collin on LinkedIn or send him an email at collin@bricktownmanagement.com Be sure to visit https://parkaveinvesting.com/Connect 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
From traveling the world, to being offered to blow up a cow with a rocket launcher, to multifamily real estate investing we have an incredible conversation with Stephen Sykes of Cascade Real Estate Group. With roots in the Midwest, Texas, and the Pacific Northwest, Stephen began investing in real estate in 2005 in Portland and in Omaha in 2015. In his roles as Principal Broker at Cascade Real Estate Group and Partner at Park Avenue Capital, Stephen seeks to leverage his experience in real estate investing and development for the benefit of clients and partners. He has acquired positions in multiple projects across the Midwest and holds real estate broker's licenses in Nebraska, South Dakota, and Iowa. In his role at Park Ave Capital, Stephen focuses on acquiring and operating multifamily projects that create near term and long term wealth for his partners and clients. As managing broker, along with his partners Collin Schwartz and Chris Pomerleau, he runs a real estate investment studio designed for passive investors, real estate entrepreneurs and top producing agents. They structure real estate projects for long term wealth generation. Make sure to reach out to Stephen directly to discuss upcoming partnership opportunities, collaborations for raising funds for larger projects, real estate brokerage, and discussions about the long term tax and wealth creation benefits of multifamily investing. https://www.linkedin.com/in/stephensykes32/ https://parkaveinvesting.com/team/ Follow us on Instagram: @TheMorningSpotlight Email us at: themorningspotlight@gmail.com www.themorningspotlight.com
Mike Ham sits down with Chris Pomerleau and Collin Schwartz of Park Ave Capital. Based in Omaha, Nebraska, Park Ave Capital is a private investment firm with over $46 million of assets under management. They are privately held and focused on the acquisition of local, alternative investments. Chris and Collin discuss their backgrounds, the types of properties they invest in, how they have adjusted to doing business during a pandemic, and more. Both Chris and Collin have unique backgrounds and they offer great advice for anyone looking to get started in real estate investing. https://parkaveinvesting.com/ Instagram: @parkavecapital Chris Pomerleau: chris@parkaveinvesting.com Collin Schwartz: collin@parkaveinvesting.com Follow us on Instagram: @TheMorningSpotlight Email us at: themorningspotlight@gmail.com www.themorningspotlight.com
Chris Pomerleau is an Attorney, Real Estate Syndicator, and former Military man. Chris is the Co-Founder and Director of Investment Strategy for Park Ave Capital, LLC. He oversees the acquisitions of assets and business development activities. He also directs the overall investment strategies of the company. [00:01 – 10:00] Opening Segment I introduce and welcome the guest, Chris Pomerleau Chris shares what he is currently up to Chris talks about what pushed him to go through the path he took. Went to law school Went into the military after his law school From military to practicing law to real estate Challenges rising due to COVID induced circumstances [10:00 – 25:02] Chris' Real Estate Journey Chris shares how he got started in real estate investing Started with single-family properties Meeting his business partner that had a significant impact on his career His spouse/business partner Chris talks about the tools that helped him in transitioning up to bigger properties from his single-family rentals. [25:03 – 37:57] Exponential Growth Through Partnerships Chris shares the secrets to the exponential growth of their business It's okay to take small, gradual steps forward Incrementally work your way up Knowing what he knows now, Chris tells us what he would change when he was just starting his career in real estate. [37:58 – 45:30] The Contrarian 3-Pack What would you say is the most contrarian investment you've ever made? Airbnb What's your favorite activity to do with your friends and family outside of work? Be outside, and just spend time with the family. What actions, whether within work or family, offer you the most fulfillment in life? We pride ourselves in either managing the units or finding the right managers to manage the units. What keeps me driven is I think about the lives of my family. I want to give my family and my kids everything. Final Thoughts Connect with Chris online. See the links below. Tweetable Quotes: “You add what you can and don't be afraid to sit back and learn.” – Chris Pomerleau “Those incremental steps are what really helped us grow.” – Chris Pomerleau Resources Mentioned: https://amzn.to/3mdYusL (Rich Dad Poor Dad) http://partneringchecklist.com/ (http://partneringchecklist.com/) You can connect with Chris onhttps://parkaveinvesting.com/ ( https://parkaveinvesting.com/). Follow Him onhttps://www.linkedin.com/in/cashflowwithchris/ ( LinkedIn) and Park Ave Capital onhttps://www.facebook.com/parkavecapital/ ( Facebook). Send him an email at chris@parkaveinvesting.com. LEAVE A REVIEW + help the podcast grow by sharing it with your friends, family, or someone in need. Follow me onhttps://www.linkedin.com/in/joblanto/ ( LinkedIn) or visit ourhttp://contrariancashflow.com/ ( website) to know more. Think Different. Earn Different. Live Fulfilled.
Want to become financially free through real estate? Check out our book on jump starting a cash flowing real estate portfolio at https://www.therealestateinvestingclub.com/real-estate-wealth-bookIn this episode I interview Chris Pomerleau. Chris is the co-founder of Park Ave Capital, and multi-family real estate investment company based out of Omaha, Nebraska. He currently has approximately $40MM in assets under management and just short of 800 units and is also a practicing attorney with a Masters in Negotiation and Dispute Resolution. Chris has great advice for investors, so strap in, grab your pen and paper and enjoy the show.Want to connect with the guest? Get connected here: https://www.linkedin.com/in/cashflowwithchris/Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.************************************************************************GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESSLEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-bookCONNECT -- Want to join one of the most active Facebook Groups for Real Estate Investors? Click here to join: https://www.facebook.com/groups/2940993215976264READ -- Want to read the best of the best real estate books? Check out our list of the best books on real estate investing: https://www.therealestateinvestingclub.com/resourcePARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/GROW -- Want for us to bring you leads and run your real estate digital marketing? Reach out to our partner agency at https://www.therealestateinvestingclub.com/off-market-lead-generation-servicesWATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshowLISTEN -- Want to listen to our Podcast? Go here: https://therealestateinvestingclub.buzzsprout.com/LISTEN -- Want to learn how to master your life by mastering your health, wealth, relationships and spirit? Check out our sister podcast, Pursuing Greatness, at https://www.pursuinggreatnesspodcast.com ************************************************************************ ABOUT THE REAL ESTATE INVESTING CLUB SHOW The Real Estate Investing Club is a podcast and YouTube show where real estate investing professionals share their best advice, greatest stories, and favorite tips in real estate. Join us as we delve into every aspect of real estate investing - from self-storage, to mobile home parks, to single family rentals, to real estate syndication! Join us as we learn about these REI pro's career peaks and valleys and the lessons they learned along the way! #realestateinvesting #passiveincome #realestateSupport the show (https://paypal.me/GabrielWPetersen?locale.x=en_US)
Today we have the opportunity to speak with full-time attorney Chris Pomerleau. Outside of his day job Chris is a husband, father of two children, and a real estate go-getter. Chris began investing in single family homes in 2013 but soon noticed he could go faster if he partnered with others. He transitioned into buying smaller multifamily rentals before eventually moving into larger apartments. He talks to today about how having great time management skills has allowed him to make it all happen. Listen in as he gives his advice to those just getting started or those looking to scale their current portfolio!
Chris talks about having Coach Trevor to help him scale, coaching students himself, about his first deal, raising capital and the goal to scale into 10,000 units. Visit parkaveinvesting.com
Chris talk about working with investors that write a single check and what it was like doing his first deal so people can learn from it. Visit parkaveinvesting.com
It's easy to feel despondent when starting out in syndication. You may feel that without experience you have very little value to add, but this could not be further from the truth. Something in your skill set can add value, even if it's as simple as being an insatiable learner. Our guest today, Chris Pomerleau, is here to share with us how you can use your unique talents to get involved in a syndication. In this episode, Chris talks about how to leverage your skills to make your way onto a deal.
Being a successful full-time syndicator takes a huge effort, but stealing time outside of work and family commitments to do it and do it well is another story completely. Today's guest is Chris Pomerleau, and he is doing just that, so it was a pleasure having him on the show to give some insight into what it looks like. Chris is a full-time attorney, loving father, and husband, and a multifamily syndicator to top it all off. He has $25 million in assets under management and 420 apartment units within a three-hour radius of Omaha. In this episode, Chris gets into the great habits he has formed in his life thanks to which he has become so good at what he does. We hear about Chris's routine activity of waking up every day at 4:44 am and the series of very effective deeds he performs in those special morning hours.