POPULARITY
Categories
On this episode of the Passive Income Playbook, Pascal Wagner interviews Joel Friedland, a veteran industrial real estate investor and founder of Brit Properties. Joel shares his journey from cold-calling tenant leads in the 1980s to building a 100+ property portfolio—all purchased without using debt. He explains the appeal and stability of Class B industrial buildings in the Chicago market, his strategy of selling to users rather than investors for premium pricing, and the importance of investing with operators who prioritize safety and long-term thinking. Joel also offers a grounded take on reshoring trends, cautioning that labor shortages—not tariffs—will be the limiting factor for a U.S. manufacturing boom. Joel Friedland Current role: Founder of Brit Properties Based in: Chicago, Illinois Say hi to them at: www.britproperties.com Get a 4-week trial, free postage, and a digital scale at https://www.stamps.com/cre. Thanks to Stamps.com for sponsoring the show! Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of Zen and the Art of Real Estate Investing, Jonathan is joined by Gary Lipsky, founder of Break of Day Capital, to explore what it takes to succeed in multifamily real estate syndication. Gary shares how he went from buying his first fixer-upper in Los Angeles to managing over 3,200 apartment units across Arizona. With an emphasis on transparency, due diligence, and investor education, Gary discusses how his firm evaluates markets, selects value-add properties, and builds long-term relationships with investors. They dive deep into the differences between Class A and B assets, what makes a market like Tucson attractive for syndicators, and how Gary's entrepreneurial background helped him scale while staying focused. The conversation also covers how passive investors should evaluate operators, what strong communication looks like, and why a conservative, consistent approach beats chasing the highest returns. In this episode, you will hear: What drew Gary to the Tucson market, and how he evaluates its long-term potential Key indicators he looks for when assessing Class B value-add properties Traits of trustworthy syndicators and how passive investors can vet them effectively The role of conservative underwriting in building a sustainable investment strategy How consistent execution and strong communication help operators earn investor confidence Ways to educate potential investors without overselling or overpromising Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. Supporting Resources: Break of Day Capital website - breakofdaycapital.com Break of Day Capital on YouTube - www.youtube.com/c/BreakofDayCapital Break of Day Capital's Facebook - www.facebook.com/breakofdaycapitalinvesting Gary Lipsky on Instagram - www.instagram.com/breakofdaycapital Connect with Gary Lipsky on LinkedIn - www.linkedin.com/in/gary-lipsky Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
Story of the Week (DR):Right wing faux populism:Josh Hawley blasts Allstate CEO for making $26M last year — while company can't ‘afford' to pay out claimsTrump Attacks Walmart, Tells Retailer to ‘Eat the Tariffs' Instead of Raising PricesTesla CFO earns staggering $139M compensation packageVaibhav Taneja: Approximately 80% of Mr. Taneja's equity award was granted as stock options and 20% of the award was granted as restricted stock units. Robyn Denholm member of Pay CommitteeIn 2024, Tesla experienced its first annual sales decline in nearly a decade, with a 1.1% drop in global deliveries. In April 2025, Chinese automaker BYD surpassed Tesla in European electric vehicle sales for the first time, registering 7,231 units compared to Tesla's 7,165. This shift is attributed to BYD's competitively priced and technologically advanced lineup. Tesla's sales in California, its largest American market, declined in all four quarters of 2024, with Model 3 sales plunging 36% for the year. In 2024, Tesla led all automakers in the U.S. with over 5 million vehicles recalled across 16 separate campaignsIn 2025, Tesla dropped to 95th place out of 100 in the Axios Harris Poll, down from 8th place in 2021In a hidden 10K/A from 4/30/25“Staggering” is from Fox: even more fake anti-capitalist rhetoricScared bro dictatorships: Duolingo deletes its TikTok and Instagram posts amid AI backlashCEO Luis von Ahn, posted a memo on LinkedIn last month describing plans to make the company "AI-first." He said the company would "gradually stop using contractors to do work that AI can handle" and "headcount will only be given if a team cannot automate more of their work."The backlash was harsh. Tweets, TikToks, and Reddit posts exploded in outrage. As of Tuesday, Duolingo's social accounts had been wiped — no posts, no icon. Duolingo did not respond to a request for comment.And the one statement that was released by a Duolingo spokesperson, after the account went dark, did not shade much light on the situation (pun intended): “Let's just say we're experimenting with silence. Sometimes, the best way to make noise is to disappear first.”Duolingo CEO says there may still be schools in our AI future, but mostly just for childcareBro dictatorship (76% combined voting power)Co-founder CEO Luis von Ahn (43%); co-founder CTO Severin Hacker (40%)Classified board: why?Each share of Class A common stock is entitled to one vote, and each share of Class B common stock is entitled to 20 votesThe worst kind of suck-ups: Verizon ends DEI programs, diversity goals as it seeks approval for Frontier acquisition MMVerizon dumped DEI. Then regulators cleared its $20 billion Frontier deal4/1/25: T-Mobile announces DEI changes in pursuit of LumosA day after T-Mobile said it would end some diversity, equity and inclusion practices, the FCC gave a green light to T-Mobile's deal with EQT for fiber operator Lumos.5/22/25: AT&T CEO on potential Trump DEI pressure for $5.75B deal: 'We don't have to roll back anything'AT&T CEO John Stankey isn't showing his hand yet on whether he plans to dial back diversity, equity, and inclusion (DEI) initiatives to gain approval for a big new fiber deal from the Trump administration.AT&T said late Wednesday it would acquire all of Lumen Technologies' (LUMN) fiber business for $5.75 billion, above the already pricey $5.5 billion that deal watchers estimated a few weeks ago.Goodliest of the Week (MM/DR):DR: Most US executives want to remove at least one director, PwC survey says93% said they wanted at least one director to be replaced, an all-time high for the five years this survey has been conducted78% said two or more should be replaced56% worried about directors' performance being diminished by their advanced age47% worried members served on too many boardsOnly 32% believe their boards have the right skills and expertiseMM: BYD overtakes Tesla in Europe for the first time. That's more bad news for Elon Musk. MMI'm now rooting for China… and I'm not alone: Jamie Dimon says he is a 'red-blooded American patriot capitalist,' but he sees how China's hustle is paying offAssholiest of the Week (MM):Shareholders lamenting the rise of virtual meetingsShareholders lament the rise of virtual annual meetingsThey miss the time they could meet directors face to face before voting 97% in favor?Shareholders afraid to vote against directors93% of U.S. Executives Desire Board Member Replacements, Survey Finds - News and Statistics49% of directors think one other director should get the axe too according to PwCGrant them their wish!! Just YOU choose instead of them!I'll do it for you:If I look at directors actively on 2+ boards, who have served on at least 3 boards in the last 7 years…Filter them by performance - below average earnings, TSR, AND controversies…There are 66 options to choose from!Including… Stephen Girsky, CEO of fraudulent company Nikola!Randy Weisenburger at Valero Energy and Carnival!Robert Johnson on the boards of Spirit Aero, Roper, and Spirit Airlines!Arnold Donald on four boards - Salesforce, BofA, GE Vernova, MP Materials! Four times the underperformance!Chip Bergh at HP and Pinterest!What, you don't recognize any of these names? These sound like random board members? Shame on you!Johnson has been on the boards for 18,19, and 14 years respectivelyWeisenburger for 14 and 16 yearsDonald's been at BofA for 12 yearsBergh's been at HP for 9 years!These people are tenured. They've been around. They've proven they are really good at overseeing underperformance. VOTE. THEM. OUT.I'm sure you're worried about hurting their feelings or seeming activist - you're not, and you won't! Even the boards and executives wish you would vote someone out! Try it!Harvard board members DRDHS barred Harvard from enrolling international students. Here's what's at stake and what's still uncertainYou've let Bill Ackman be your big fat useless mouthpiece - where the fuck are you all? Oh, I found you…2,173 companies in our database have at least one director who attended Harvard848 of those companies are NON US companiesJust under 4% of ALL GLOBAL DIRECTORSHIPS are held by what we KNOW are Harvard alumsIt's 9% of all US company directorships - nearly 1 in every 10 US directors at a company are from HarvardAverage network power of a Harvard director is $6.2 trillion, compared to a global average of $2.6 trillion - Harvard directors have nearly 2.5x the power of an average directorHarvard directors have on average 13% influence compared to 11% for other directorsOn average, 38% of Harvard directors have merit - while 20% of non Harvard directors doDriven largely by the fact that 62% of them have core industry knowledge and 55% are company leaders - vs. 19% of non Harvard directors with core industry knowledge and 44% of non Harvard directors being leadersWhere we have race/ethnicity data for Harvard directors (1,664 of them), 28% are non white - compared to non Harvard directors where we have race (12,412 of them) only 16% are non whiteAt least 70 of the directors who went to Harvard in our database are tagged as international nationals in our data - and that's a WOEFULLY incomplete datasetOpen your fucking mouths! Did going to Harvard any of you help you get jobs and board positions? Was it nice to network and meet people who eventually could help you get jobs? Is there a culture of Harvard? I hate Harvard, and even I think this is utter madness and stupidity - stand up! Say something you cowards! Headliniest of the WeekDR: Chicago Sun-Times prints summer reading list full of fake books: Reading list in advertorial supplement contains 66% made up books with real author names: "Tidewater Dreams" by Isabel Allende and "The Last Algorithm" by Andy Weir MM: ‘Buy the dip'? You're twice as likely to do that if you're a manNacho dip? Women Outperform Men as Investors, Statistics Show. Here Are 3 Possible Reasons.MM: Anthropic's new Claude model blackmailed an engineer having an affair in test runsMM: Pitney Bowes appoints activist investor as new CEOI love when a company literally just gives up entirelyWho Won the Week?DR: Sam Alman, Ugh: Sam Altman Tells Staff Plan to Ship 100 Million Devices That See Everything In Users' Lives after OpenAI is buying iPhone designer Jony Ive's AI devices startup for $6.4 billionMM: Bud Light - thanks to one trans beer drinker, everyone that shot their Bud Light cans avoided future illness: Beer is the latest source of hazardous PFAS, or ‘forever chemicals,' according to worried scientists. Thank you, trans beer drinkers! You saved us once again!PredictionsDR: When AT&T gives up its DEI program to the Trump altar, I buy some string and quickly make hummus so I can use two empty cans of chick peas to make my new phoneMM: Since this is going forward - Antitrust Cops Say BlackRock, Other Fund Giants May Have Hurt Coal Competition - which should read “Company owners ask companies they own to do stuff” - Blackrock will launch a new investment vehicle called “Pick Your Own Damn Stocks, We Don't Give a Damn LP” in which clients can pick the investments and are auto enrolled in a proxy voting program called “Whatever the Fuck Ever” in which voting and engagement are assigned directly to every board chair.
In this episode of Masters of Moments, host Jake Wurzak sits down with Hunt Rose, co-founder of TruCore Investments, to dive into the business of Class B industrial real estate and what makes it one of the most resilient, overlooked asset classes in today's market. Drawing on his experience in brokerage and acquisitions, Hunt explains how TruCore's national platform finds value in under-managed, substitutional assets and why a fragmented ownership base presents a unique opportunity for investors with a focused strategy. They also discuss: The risk-adjusted appeal of Class B industrial assets in infill markets Sourcing deals through local brokerage relationships across 150+ U.S. markets How TruCore approaches marking rents to market with legacy tenants The business case for converting gross leases to triple net structures Functional criteria they use to quickly screen new acquisitions Their “100 questions” underwriting playbook and due diligence process Fund structure, capital raising strategy, and investor communications This episode is a practical, inside look at how a lean team is scaling a national industrial platform by sticking to fundamentals, staying disciplined, and building trust with tenants and investors alike. Links: Hunt Rose on X - https://x.com/nnn_industrial Hunt Rose on LinkedIn - https://www.linkedin.com/in/hunt-rose-9229694b/ TruCore Investments - https://trucoreinvestments.com/ Connect & Invest with Jake: Follow Jake on X: https://x.com/JWurzak 1 on 1 coaching with Jake: https://www.jakewurzak.com/coaching Learn How to Invest with DoveHill: https://bit.ly/3yg8Pwo Topics: (00:00:00) - Intro (00:00:38) - Landing a deal from a Podcast (00:03:04) - Where are you investing? (00:06:37) - Is sub-institutional scalable? (00:09:00) - The business case for Class B Industrial (00:13:00) - What's the business plan when you acquire a property? (00:15:42) - Why are rents often times below market? (00:18:23) - Lease renewal approaches (00:22:21) - Converting gross deals to NNN deals (00:24:47) - Where do things go wrong on these deals (00:27:25) - What kills a deal for you? (00:30:30) - Making the entrepreneurial leap (00:36:02) - How have you fine-tuned the acquisition process? (00:38:35) - What do you do differently as an owner that the tenant would recognize? (00:42:14) - The advantage and disadvantage of being the money from out of town (00:45:35) - Are there any tenants you refuse to have on a property? (00:47:54) - Holding strategies (00:49:58) - Establishing a Fund (00:54:09) - Raising capital (01:03:36) - Reporting and investor relationships (01:08:51) - What is your favorite hotel? (01:09:55) - Get in touch with Hunt
It's been announced that Warren Buffett is stepping down as CEO of Berkshire Hathaway. In this episode, I'll discuss Buffett's humble beginnings, his approach to investing, and the philosophy that built one of the most successful companies in history. I'll also break down Warren Buffett's wisdom into seven powerful, practical tips that align with my own approach to advising clients. Listen for tips on starting your investment journey early, staying the course during tough markets, and prioritizing temperament over intellect. You will want to hear this episode if you are interested in... [00:00] Principles of Warren Buffett's investing strategies. [05:55] Buffett co-founded The Giving Pledge, pledging 99% of his wealth, and influencing other billionaires. [07:08] Berkshire Hathaway class A shares have averaged a 19% annual return since 1966, vastly outperforming the S&P 500's 11%. [12:41] Invest early, stay committed through market ups and downs, and be fearful when others are greedy and greedy when others are fearful. [17:03] Warren Buffett advises most people to use index funds due to the difficulty of replicating his results. [18:43] Make investment decisions based on facts, not emotions. Investment Lessons from Warren Buffett Warren Buffett, often called the “Oracle of Omaha,” has long been considered one of the greatest investors of all time. His recent announcement that he will step down as CEO of Berkshire Hathaway after more than six decades is the perfect time to reflect on what sets Buffett apart, not just as an investor but as an individual. This episode digs into key lessons from Buffett's life and career, exploring practical ways to apply his wisdom to your financial journey. From Humble Beginnings to Monumental Success Warren Buffett's rise didn't begin in a Wall Street boardroom, but in Omaha, Nebraska, where he was born in 1930. From an early age, Buffett showed an affinity for entrepreneurship, selling chewing gum, Coca-Cola, and magazines as a child. His formal education at the University of Nebraska, Wharton Business School, and Columbia University (where he studied under the legendary Benjamin Graham) laid the foundation for his value investing philosophy. Buffett started his first investment partnership in 1956 with $105,100, much of it from family and friends. By the age of 32, he was a millionaire. His acquisition of Berkshire Hathaway, a struggling textile company at the time, became the launchpad for one of the most successful investment conglomerates in history. The Power of Modesty and Discipline Despite amassing unparalleled wealth, Buffett is renowned for his modest lifestyle. He still lives in the house he purchased in 1958 for $31,000 and drives an older model Cadillac, proving that frugality and comfort often go hand in hand. This modesty is more than a quirk; it's a testament to his belief that wealth should serve a purpose beyond personal extravagance. Buffett's philanthropic efforts are equally legendary. Through The Giving Pledge (co-founded with Bill and Melinda Gates), he's committed to donating more than 99% of his fortune. For Buffett, investing is not just about making money, it's about stewarding resources responsibly and generously. Berkshire Hathaway's Long-Term Outperformance Under Buffett's leadership, Berkshire Hathaway's stock has delivered returns averaging 19% annually since 1966, trouncing the S&P 500's historical average of 11%. One share of Berkshire's Class A stock now costs nearly $800,000, a figure that tells the story of sustained outperformance. Buffett has also issued Class B shares at a lower price tag to democratize access for smaller investors, reflecting his desire to make wealth-building accessible. Buffett's Top Investing Lessons 1. Don't Lose Money Buffett's two most famous rules are simple: “Rule number one: don't lose money. Rule number two: don't forget rule number one.” He emphasizes buying quality businesses with durable competitive advantages rather than taking risks on struggling firms with unsustainable dividends. 2. Start Early and Stay the Course In his book The Snowball, Buffett likens investing to rolling a snowball down a long hill: the earlier you start, the bigger the results. Even if you're approaching retirement, encouraging the younger generation to invest early can yield enormous benefits over time. 3. Remaining Committed Through Market Ups and Downs is Equally Vital Buffett urges consistent investing, especially when markets are turbulent. Staying invested and buying during downturns can lead to significant long-term gains. 4. Be Fearful When Others Are Greedy Buffett's contrarian mindset, being “fearful when others are greedy, and greedy when others are fearful”, has served him well during market panics. While it's emotionally taxing to buy during selloffs, history shows that long-term investors are often rewarded. 5. Buy Great Companies at Fair Prices Rather than chasing bargains, focus on acquiring well-run businesses at reasonable valuations. Many of Buffett's best investments, Apple, Coca-Cola, and American Express, embody this approach. 6. Focus on Buying and Holding Low-cost Index Funds Buffett believes this is the simplest and most effective long-term investment strategy because it provides broad market exposure while keeping fees to a minimum, both of which are important for building wealth over time. 7. Temperament Is Key According to Buffett, success in investing is more about temperament than IQ. The ability to remain rational and stick to your plan, regardless of market noise, is what separates great investors from the rest. Resources Mentioned Retirement Readiness Review Subscribe to the Retire with Ryan YouTube Channel Download my entire book for FREE The Snowball by Warren Buffett The Intelligent Investor: The Definitive Book on Value Investing by Benjamin Graham The Giving Pledge Connect With Morrissey Wealth Management www.MorrisseyWealthManagement.com/contact Subscribe to Retire With Ryan
Whiskeys: Peerless Toasted Small Batch Bourbon • Peerless Rum Barrel Finished Bourbon • Peerless Double Oak “No. 2” Single Barrel Bourbon • Peerless “Fruit Cocktail” Single Barrel Rye Tangents: Gabe and Jeff join us for a six-months-in-the-making episode about our favorite distillery from our Kentucky trip! • The basically ancient history of Peerless • Prohibition again! SMH • The Peerless mashbill recipes are protected by ninjas • Sorry Jeff, Scott will be singing the Honeycomb cereal song • Gabe smells his own leather corset • Apparently “brûléed bananas” and “foil-wrapped corn” are tasting notes now • Interview with Head Taster John Wadell • The Eagles ruined the Bears by stealing Buddy Ryan • John's Mom cooks for everybody at the distillery • The difference between sweet mash and sour mash • The reason Peerless doesn't reveal their ages and mashbills • Buy John's barrel aged coffee at www.staveandbean.com! • Apparently “Philly soft pretzel” is a tasting note now (but it's not urine-y) • Ed's part of the LBSKG community • Our first distillery cat! • Quince (Quint's?) is NOT a tasting note! • #thegrapesaresuss • Gabe and his brother mud wrestle for half a cherry • This is an ex-parent! • Ed considers committing a Class B felony to steal everyone's Peerless whiskey • We're huge in Singapore Music Credits: Whiskey on the Mississippi, Fireflies, and Boogie Party by Kevin MacLeod from https://incompetech.com/music/royalty-free/music.html
When we think of politics, I think a lot of us feel intimidated or like there isn't room for us in the process–we're not “political,” or we don't have time, or we're not the right kind of person. Today's guest shows that being an unlikely politician may actually be the best thing, and why we need more real people in politics (yes, that means you!) About Erin: Erin Oban is a lifelong North Dakotan and proud, Class B kid, raised in a farm family in Ray, ND. Her professional career has included experience as a middle school math teacher, in nonprofit management and educational leadership, and in politics and public service. In 2014 and again in 2018, Erin was elected to represent central Bismarck's District 35 in the State Senate. In 2022, she received an appointment from President Biden to serve as North Dakota's state director of USDA Rural Development, a federal agency responsible for making financing and technical assistance accessible to rural and Tribal communities across the country. When not engaging in issues of importance and finding ways to make an impact, big or small, in her community, Erin enjoys a cold beer on the patio with friends, a cup of coffee with a stranger, live music and comedy, traveling, and being comfy at home in Bismarck with her husband, Chad, and their son and favorite human, Evin. In this episode, we cover: How Erin became involved in the legislative world (kind of by accident!) Why voucher schemes and school choice don't help our small towns How every single one of us has something we can offer and something we can do about the things we care about Resources Mentioned: https://www.ndforpublicschools.com/ https://www.facebook.com/ND4PublicSchools Think Again by Adam Grant Small-Town Shout-Out! Wahoo to the unincorporated community of Guelph, ND (just a stone's throw from Oakes) for showing that no town is too small to do big, cool things when people care. Two cool things we're highlighting: Off the "Sheulph" Guelph purchased the old school building, where they host markets throughout the year and rent out the historic wood gym for events, and a young couple transformed the old train depot into a beautiful Airbnb, giving visitors a reason to come and stay. Good job, Guelph!! New Segment Alert! We think some of the best parts about radio shows and podcasts are listener call-ins, so we've decided to make those a part of the Growing Small Towns Podcast. We really, really want to hear from you! We're introducing two new parts to the show: “Small town humblebrags”: Call in and tell us about something amazing you did in your small town so we can celebrate with you. No win is too small—we want to hear it all, and we will be excessively enthusiastic about whatever it is! You can call in for your friends, too, because giving shout-outs is one of our favorite things. “Solving Your Small-Town People Challenges”: Have a tough issue in your community? We want to help. Call in and tell us about your problem, and we'll solve it on an episode of the podcast. Want to remain anonymous? Totally cool, we can be all secretive and stuff. We're suave like that. If you've got a humblebrag or a tricky people problem, call 701-203-3337 and leave a message with the deets. We really can't wait to hear from you! Get In Touch Have an idea for a future episode/guest, have feedback or a question, or just want to chat? Email us at hello@growingsmalltowns.org Subscribe + Review Thanks for tuning into this week's episode of The Growing Small Towns Show! If the information in our conversations and interviews has helped you in your small town, head out to Apple Podcasts, Stitcher, or Spotify, subscribe to the show, and leave us an honest review. Your reviews and feedback will not only help us continue to deliver relevant, helpful content, but it will also help us reach even more small-town trailblazers just like you!
Class B RVs are one of the hottest segments of the motorhome industry today.But are they built well enough for fulltime RVing? And if so, which brands and models should you choose?This podcast answers those questions!
The city of Dallas is suing 3M, DuPont and other chemical companies, alleging they contaminated some of the area's drinking water. The lawsuit alleges 3M and other companies manufactured and sold PFAS, often called “forever chemicals.” PFAS are known to be toxic, extremely persistent in the environment and capable of causing significant health risks. In other news, nearly one year after UTD students set up an encampment on campus to protest the war in Gaza, 14 were indicted on misdemeanor charges. Collin County District Attorney Greg Willis said in a Thursday news release that they were indicted on charges of obstructing a passageway, which is a Class B misdemeanor; for the third time in four years, the Dallas Cowboys used their first-round pick on an offensive lineman. Alabama's Tyler Booker was the choice at No. 12 and will be asked to follow in the footsteps of Zack Martin at right guard, the future Hall of Famer who announced his retirement in the offseason. And each year, more than eight hundred million tons of greenhouse gases are emitted across the state of Texas, a Dallas Morning News investigation found. The Lone Star State ranks top in the nation for carbon dioxide emissions. Experts say those emissions have had a significant impact on climate change. And those changes are impacting everything from temperatures – the average annual temperature of Dallas has risen by as much as three degrees Fahrenheit the past century – to weather patterns that create drought and wildfires. Efforts are underway to curb emissions and find new sources of energy that place less strain on the environment, but supply chain limits, safety risks and partisan divisions among lawmakers have presented challenges. Read the full investigation – A Changing Climate – at dallasnews.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Welcome to your weekly UAS News Update. We have four stories for you this week. First, a controversial Texas bill aims to ban certain drones for public safety use. Second, Florida considers a bill allowing "reasonable force" against drones over private property. Third, Oregon passes stricter penalties for drone interference with emergency responders. And finally, SkyeBrowse and Paladin partner for real-time 3D modeling in DFR programs.And first up this week, let's talk about Texas House Bill 41. This proposed legislation aims to ban certain drones, primarily those manufactured in China, claiming it's to protect Texas from foreign technology risks. However, this bill is facing MAJOR pushback, especially from the public safety community in Texas. At a recent hearing, firefighters, police, and search and rescue professionals testified AGAINST the bill because it risks removing critical tools they rely on daily. Furthermore, there's the practical side. US drone manufacturers currently can't produce the needed drones at scale or cost effectively to replace the existing fleets immediately. HB41 could force agencies to scrap perfectly good, effective equipment within five years, potentially wasting millions of taxpayer dollars on more expensive, less capable, and less reliable alternatives. We've already seen examples where drones that would be banned under HB41 saved lives or helped solve major crimes in Texas. This bill feels less about security and more like protectionism that could seriously hamper public safety efforts. It's passed committee but needs to clear the House Calendars Committee for a full vote. If you're in Texas, the Drone Advocacy Alliance has resources, and contacting the Calendars Committee directly is crucial.Next up, if you're flying in Florida, you'll want to pay close attention to Senate Bill 1422. This bill is advancing through the state legislature and could allow homeowners to use "reasonable force" to stop drones they believe are conducting surveillance over their property below 500 feet. Now, this builds on Florida's existing Freedom from Unwarranted Surveillance Act, and it seems fueled by privacy concerns, like reports of insurance companies using drones for home inspections. We all value privacy, but this bill raises some serious red flags.The Oregon House unanimously passed House Bill 3426, which significantly bumps up the penalties if you *intentionally* interfere with firefighters, law enforcement, or search and rescue using a drone, it's now potentially a Class C felony. That could mean up to 5 years in prison and a $125,000 fine! Even *unintentional* interference is now a Class B misdemeanor, carrying up to 6 months in jail and a $2,500 fine. That's a pretty steep penalty for potentially not knowing better.Typically between 100 and 500 feet, making any unauthorized drone in the area a serious collision hazard. Grounding air support, even for a short time, can have devastating consequences during a fire or rescue operation.Tools like geofencing can help, but ultimately, responsible flying and checking for TFRs before every flight is critical. This bill still needs Senate approval, but its unanimous House passage shows strong support. It's a serious reminder: DON'T fly near emergencies. Period. As always, please don't be that guy.
Recreational use of the Class B drug doubled in 2024. A Sunday Times investigation has looked into where it's coming from and why it's so hard to police.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today: http://thetimes.com/thestoryGuest: Katie Gatens, Commissioning Editor, The Sunday Times News Review.Host: Manveen Rana.Producer: Olivia Case.Further reading: One gram of ketamine and its 4,000-mile journey to the UK. Further listening: The truth behind the drama AdolescenceIf you or someone you know needs drugs help or advice, visit talktofrank.comPhoto: Getty Images. Get in touch: thestory@thetimes.com Hosted on Acast. See acast.com/privacy for more information.
Keith discusses the shift from a six-figure to a seven-figure income being necessary for a comfortable lifestyle and argues that a $5 million net worth is a minimum for financial security. He explains the benefits of leveraging a car loan for arbitrage, using a 3.99% interest rate to invest in real estate with a 20-25% total return. He also discusses the current state of the real estate market, noting that home prices and rents are expected to increase by 3-5% annually. Lower mortgage rates could increase affordability and bring more buyers into the market, potentially leading to higher home prices. Two-bedroom rents have increased by 3.7% nationwide, with significant growth in Nebraska metros. Resources: Get our wealth-building newsletter free— text ‘GRE' to 66866 Show Notes: GetRichEducation.com/548 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com GRE Free Investment Coaching:GREmarketplace.com/Coach Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments. You get paid first: Text FAMILY to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review” For advertising inquiries, visit: GetRichEducation.com/ad Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript: Automatically Transcribed With Otter.ai Keith Weinhold 0:01 Welcome to GRE. I'm your host. Keith Weinhold today, why earning a seven figure income is the new six figures? Then a discussion on the direction of real estate prices and rents. I just bought a car though I could have paid all cash. Why did I get a loan instead? Then learn about how to perform due diligence on buying an income property with the pros and cons of turnkey real estate investing and the mistakes you must avoid today. On getricheducation. since 2014 the powerful get rich education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate investing in the best markets without losing your time being a flipper or landlord. Show Host Keith Weinhold writes for both Forbes and Rich Dad advisors, and delivers a new show every week since 2014 there's been millions of listener downloads of 188 world nations. He has a list show, guess who? Top Selling personal finance author Robert Kiyosaki, get rich education can be heard on every podcast platform, plus it has its own dedicated Apple and Android listener phone apps build wealth on the go with the get rich education podcast. Sign up now for the get rich education podcast, or visit get rich education.com Corey Coates 1:20 You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education. Keith Weinhold 1:36 Welcome to GRE from the first State of Delaware to the 50th state of Hawaii and across 400 nations worldwide. I'm Keith weinholden. This is get rich education, the voice of real estate investing Since 2014 Are we really gonna change the name away from the Gulf of Mexico? Well, I'll tell you one thing. There is zero history of hurricanes in the Gulf of America, therefore, I expect the appropriate adjustment to my insurance premiums big savings. Hey, you know, despite being a geography guy, I'm really not emotionally invested in this movement to change the names of giant pieces of real estate like Denali back to Mount McKinley and the Gulf of Mexico to the Gulf of America. It's only a little interesting to me. I mean, there are just more significant things to concern oneself with. So call it either one. I don't care. I know what you're talking about. Before we talk real estate, let's discuss your personal finances. I recently watched Dr Steven Franson speak surfacing this topic, and it got me thinking, when it comes to annual income, is you earning seven figures like the new six figures. Now, I guess that earning six figures could still be a short term goal to some people that are new to the working world, but maybe as little as a decade ago, having a six figure income was aspirational, or even a sign that you made it, or could even feel wealthy. I remember that today that is so far gone. Now, of course, it depends on where you live, but today, you need 50k just to survive. Your housing would be pretty standard in that case, and I don't know that you could get much fresh, healthy food at 50k per year, you might still have to be living with your parents. You need 100k just to sort of live. Perhaps that's if you're single and you're near the coasts, or you're married without children today, you need 200k for a life with travel and some dining out. I mean, you couldn't really even ball out on your vacations, like on 200k you're gonna balk at 500 bucks a night for a resort hotel. I mean, you're staying at more of a hotel than a resort, but at 200k of income, you can usually do some discretionary spending. At 300k in a lot of places, that's what a full family needs, a household with kids in order to live a little bit beyond that, and that's a combined income both spouses. If you make 450k today, now you're able to travel pretty well. You're probably still flying coach more than first class at 450k you may or may not be paying for the airline lounge, but you are staying at some comfy hotels. You really need to make $1 million a year today to live pretty close to all out fly first class travel well. But you're still flying commercial on a million dollar salary. You're not chartering anything. If that has not bought you time to cook, you can afford an executive chef with a million dollars so that you don't have to eat restaurant food. You know, restaurant food, even at finer restaurants, is laced with seed oils. This is why what used to be a six figure lifestyle is now a seven figure lifestyle. My spin here on this also is whatever you do at any income level, 50k a year to a million bucks a year or more, buy enough time to exercise that's something that's going to matter both to you and to those that you love over the long term. All right, so that's income. How about when it comes to net worth? There is a minimum amount in my mind that you need to have in net worth for me to say that you've got it made in America today. What do you think that number is? How about that? What do you think is the threshold? What's your thought? It is $5 million that is just a starting point, a minimum net worth that you need, if you just invested that you could probably live off its income for the rest of your life. For most people, compound interest will not get you to the $5 million net worth Mark anytime soon. Only leverage will. But yeah, after the COVID induced wave of inflation years ago, you've gotta recalibrate what you think of as a lot of money, and some people haven't caught up with this still. Now, I was on that great riverboat tour of Chicago not long ago. I think I brought this up to you in a previous episode, but you know, one thing that struck me as odd was that the tour guide, he was describing Chicago skyscrapers and the architecture around us, and he said they poured millions into that project. I mean, really emphasizing that millions were spent. I mean, today millions can mean as little as 2 million. That's an amount so tiny today for a construction project that what is that like, four average homes would be $2 million I mean, some entire counties in the Bay Area have a median home price of more than $2 million just one mediocre home. So let's talk about the direction of home prices and rents nationally here. Now I do not think that home prices or rents can really climb a whole lot over the next year, like 10% appreciation. I don't see it now. I also don't see how home prices and rents could fall substantially. The reason that prices cannot spike dramatically, it's still due to an affordability constraint, and I don't expect that prices or rents are going to fall a good bit either, or really fall significantly at all, because housing demand still exceeds supply. So that's the constraint on the downside. Really, nothing has changed there. The average for sale home today, it gets between two and a half and five offers that obviously depends on the area, so you keep seeing both prices and rents increase at this range of three to 5% that's the zone that we're in now, and we've been in that zone for most of the last Two years. Really pretty modest, not exciting, appreciation rates. Zumper tells us that two bedroom rents are up 3.7% nationwide. Rents have actually declined in some Sunbelt cities, Durham, North Carolina and Nashville are some big losers I was describing Austin to you a few weeks ago. Do you know that two national leaders in rent growth are both in the same state. Yes, these two cities are both up more than 20% in rents year over year. It's in the Midwest. Any idea where I'm talking about it is Lincoln and Omaha, Nebraska both up over 20% and perhaps recent GRE listener guest grant Frankie is happy about that. He's the only person I know that invests predominantly in Lincoln, and this is due to strong job growth and also that supply that still hasn't kept up with demand. Now back to my point about how nationally, both rent growth and price growth are still pretty modest, which is still a highly profitable formula for a leveraged investor that bought right But historically, it is kind of boring. Many believe that as soon as mortgage rates fall sharply, and a lot of surveys show this, if. That five and a half percent is the magic mortgage rate level that will increase affordability so much that home prices will soar. I'll tell you my spin on that is maybe even that remains to be seen from listening to me for 10 and a half years now, you know that the direction of the economy has a substantial effect on housing, rents and prices, a force bigger than just mortgage rates. And when mortgage rates fall and other interest rate types fall, that usually means that the economy needs the help, which might mean that employment is down. If employment falls, home prices can still rise. They usually do, but perhaps not as much as you thought they would. So my point is, is that when mortgage rates fall significantly, that does not automatically translate into soaring price growth. Again. You gotta take history over hunches. If there's one thing that feels a little different in this cycle though, it's that we do have this palpable amount of pent up housing demand, so lower rates really could bring a lot more buyers off the sidelines. So therefore, it is possible that home prices will soar if rates really plummet. It is just not axiomatic. Now I just bought a new car, though I could have paid all cash. I chose to get the loan. And before I tell you about why I considered not getting a car at all and just using Uber Lyft ride sharing services forever. But sometimes I like to go off the beaten path and trek in some remote places. So that just wouldn't work. I also travel a good bit, and I considered not owning any car that's tethered to just one place. It's just not that efficient. But it came down to freedom. I enjoy my freedom and autonomy to hop in my own car and drive it on a whim. Though I could have paid all cash for this new car purchase, I chose to put the minimum amount down, and I got a loan for about 95% of the cost of the car. Why would I do that? Car debt is surely not as good as real estate debt. With car debt, I have to repay my own loan. I cannot outsource these car debt payments to tenants, and the payment is about $900 a month. I'll have to pay all of that myself. Also, unlike real estate, a car is a depreciating asset. Unlike mortgage interest, car loan interest is typically not tax deductible either. I'm not going to rent this car out through Toro and try to get an income stream off the car. Nothing like that. So this might sound like three strikes against a car loan. I've got to make the payment myself. It's declining in value, especially as a new car. It starts depreciating fast as soon as I drive it off the lot, and I'm not going to have any tax breaks. Oh, come on. I mean, that might sound like bad debt to a lot of people. Leading GRE I am a staunch advocate for good debt. So why did I embrace a car loan to the maximum leveraged amount? Because I am making my car loan good debt. The definition of good debt is debt that makes money for you. Car loan debt is secured, meaning there is underlying collateral, the car itself. And by the way, credit card debt is an example of unsecured debt. The big reason, though, is the financing through the dealership BMW is a 3.99% interest rate for five years, my credit's perfect. So I got a good rate there. Therefore this car loan is a simple arbitrage play. I'm borrowing at a lower rate to invest at a higher rate. Look, even if my car loan rate were double 8% I would probably still get this car loan, but it's 3.99How do I have confidence that I'm going to beat that on an annualized basis over the next five years? Well, first future inflation expectations are elevated, like I touched on on last week's show, if true, inflation the real diminished purchasing power of your dollar over the next five years is 4% I mean, that's a break even for me, right there already, but I'm gonna do a lot better than that. As a real estate investor, I know that instead of sinking this money into the car, that's enough of a down payment for a rental single family. Home or almost a low cost duplex, and being cognizant that real estate pays five ways, I expect a minimum of a 20 to 25% total rate of return with low risk. Now, if you're a new listener, that last part sounded far fetched. I know that's okay. You just don't know how to calculate your ROI for an income property with a loan. Yet another way to describe my strategy here is though I could pay cash, why would I tie up that many funds in a car? So I'm cognizant of opportunity cost. Opportunity cost means that you're missing out on a greater benefit when you choose one option over another. This loan approach also keeps me more liquid. Look, keep your money. Don't give it to a bank. Make your bank take five years to get all the money, while my $900 monthly payment stays fixed the whole time as inflation just keeps relentlessly debasing the bank's payment that they get from me. I mean, with that part, it works the same way as it does in real estate or any fixed rate loan that you could get. Be mindful, by paying all cash, you would not improve your net worth at all. Nothing happens to your net worth. Paying all cash reduces both your asset column and your debt column by the same amount, and it hurts your liquidity. Now, if you've got an emergency, you could be in a case where all of your funds would be gone if you paid all cash, they're inside the car, and you might not be able to extract them back out. All right. Well, what about the depreciating asset part of this equation? That's what most cars are. Well, just like a piece of real estate, your car's value will rise or fall regardless of your equity position. That doesn't influence it at all. So I will be underwater on the car. That's a way that some people might look at it. That means that I'm going to owe more on the balance than the car is worth. That appears irresponsible to some people. Well, yeah, that just means that the bank's money is tied up in the car, not mine. I've got it off giving me a good return. Look, when you have loans, you have another type of leverage, and it's not the mathematical type that I often discuss here. I mean, have you ever owed a friend money when something untoward happens? Who is motivated to talk between the two of you? You are your friend, your friend. They're going to be the one that's willing to work with you and help you out. They've got to give you levers when there's a mal apropos occurrence and the borrower loses their job or has a medical disaster and a huge bill, the person that's owed the money is always going to keep communication lines open with you, you as the borrower, are the one that is in control. Keep your debt on, keep your own money, stay in control. And how is this car loan making money for me, if I get a, say, 23% total return from income property and keep paying a 4% car loan, that is 19% arbitrage, I mean, what an easy choice. Again, the definition of good debt is debt that is used to increase your wealth. So getting the Max car loan allows me to avoid paying that opportunity cost of having all the funds tied up in a depreciating asset. And that is how a real estate investor buys a car. Now you're a smart investor. I mean, we have a really wise, responsible audience comprised of people just like you. But what would be some reasons that a real estate investor should pay all cash? Because there are some, and a lot of them revolve around, if you're financially irresponsible, if instead you got a car loan so you could stay liquid and maintain your life as a profligate and reprobate gambling degenerate and lose it all on sports gambling through the freaking Draft Kings and FanDuel apps. Okay, that's not a good reason. But as a GRE listener, that probably is not you. I was probably not talking about you, right. There another reason to pay all cash rather than getting the loan like I have, is if you don't have the liquidity to service the 900 Dollar monthly debt payment yourself, you could be over leveraged. See the chunk that I'm investing in real estate instead of the car that real estate will produce income for me, but it actually will not produce as much as $900 in cash flow to fully offset the car payment. Now it's going to produce a few $100 but my arbitrage is being created with the summation of all of real estate's five profit centers. I've got the whole shebang now, the leverage appreciation, the cash flow, the ROA, the tax benefits and the inflation profiting all coming at you. All five. My liquidity comes from elsewhere. A third reason why a real estate investor would want to pay all cash for a car is because say that you would effectively be forced to pay all cash for the car. Because if you took on a $900 monthly payment, that would dent your mortgage loan qualifications, debt to income ratio that mortgage loan underwriters are going to look at it would hike up your DTI so much that you couldn't qualify for future income property loans. So right, there are, what was that? Three reasons that a real estate investor would want to pay all cash if they could. But let's not lose the bigger point I was talking about the exceptions there. The bigger point is that consider getting the maximum loan for your next car, or even getting a loan against your current car if you already have one without any debt on it. It's actually a rational approach, because you want to consider the loan first, since this is your money, you earned it, approach it with the strategy first of keeping your own money that you traded away your finite life's time for. Think of keeping it first and only then consider giving it away next. I am getting the biggest car loan that I can and making the minimum monthly payments all 60 months five years, I did the same thing with my last car. It is an easy choice for me in just one word, it is for the arbitrage one word, most experienced financiers and real estate investors have not been exposed to those ideas that I just shared with you, and at the least, I am confident that I just gave you something to chew on mentally. There I've been talking about the intersection of your personal finances and real estate investing. Today, I'm your host, Keith Weinhold here on episode 548 of the get rich education podcast what have GRE listeners been doing these past few weeks, they have been scooping up BRRRR properties, employing the buy, renovate, rent, refinance and repeat strategy fueled by GRE 's recent live event. You can watch the video of the event on demand right now, get an understanding of the strategy, see why it's so lucrative, and if it interests you, even get you paired up with actual property addresses conducive to the strategy. You can do that at GRE webinars.com this event can indelibly elevate your entire socio economic class and shape your legacy. That is a deep statement. Hey, this is what 8x leverage and $500 plus of cash flow on each single family rental property can do for you with the burr strategy in Cleveland. I mean, how much earlier will this allow you to retire? The event is free to watch. You can watch from home. I mean, come on, what else are you going to do at home tonight? Spend that time cleaning out your closet or smoking meats. Maybe at least, spend that time getting a car loan. What's the opportunity cost of you smoking meats tonight when you can actionably Build a real estate legacy with the BRRRRstrategy? Strategically outsource the meat smoking to somebody else. That's what I do. It does not take much to get started. These pre renovated homes are often about 60k some GRE followers have already bought two or three at a time. You'll see Jerry's investment coach Naresh and event co host Phil. I mean, just watching him talk is amazing. Phil is America's preeminent authority on burr real estate investing. Again, you can watch the event right now, and I don't know how long we'll keep it up for, just visit GRE webinars.com Next fatal mistakes that you've got to avoid when buying income property with some vital due diligence tips. I'm Keith Weinhold. You're listening to get rich and. Vacation. You know what's crazy? Your bank is getting rich off of you. The average savings account pays less than 1% it's like laughable. Meanwhile, if your money isn't making at least 4% you're losing to inflation. That's why I started putting my own money into the FFI liquidity fund. It's super simple. Your cash can pull in up to 8% returns, and it compounds. It's not some high risk gamble like digital or AI stock trading. It's pretty low risk because they've got a 10 plus year track record of paying investors on time in full every time. I mean, I wouldn't be talking about it. If I wasn't invested myself, you can invest as little as 25k and you keep earning until you decide you want your money back. No weird lockups or anything like that. So if you're like me and tired of your liquid funds just sitting there doing nothing, check it out. Text family to 66866, to learn about freedom, family investments, liquidity fund, again. Text family to 66866 Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with leverage. You can start your pre qualification and chat with President Chaeli Ridge personally. Start Now while it's on your mind at Ridge lending group.com that's Ridge lending group.com Robert Kiyosaki 26:49 this is Rich Dad, Poor Dad. Author Robert Kiyosaki, listen to get rich education with Keith Weinhold. And the reason I respect Keith, He's a very strong, smart, bright young man. Keith Weinhold 27:10 Welcome back to get rich Education. I'm your host. Keith Weinhold, it's been a while, but I know that I shared with you before that my first ever out of state rental property that I bought ended up being a loser, and this is despite the fact that the turnkey provider and property manager that I was hiring for the property, they even told me not to buy the property because they couldn't keep it occupied in that neighborhood, and they told me to buy a different one instead. I didn't listen. I bought it anyway, and I lost we couldn't keep it occupied, so after a few years, I sold it to an owner, occupant, family for a small profit, but it was after years of negative cash flow, so there really wasn't any profit there, because, like I just said, we couldn't keep it occupied with a rent paying tenant that was back in 2012 near Fort Worth Texas. I bought it because it was cheap, just 153k and it looked pretty. It was brick. Those are both bad reasons to buy. Cheap doesn't always mean good. And the fact that a property looks pretty, I mean, I guess that's a somewhat good thing, but it should not be a deciding factor. I was never going to live there facts Trump feelings in investing. So my first bad experience was totally avoidable. I can only blame myself. Let me tell you about some other fatal mistakes to avoid, as we talk about some turnkey real estate investing due diligence. Since turnkey means all done for you, or another way to describe the property is a rent ready property. You know that word turnkey? It's sort of this compelling, even seductive buzzword, and it just might make you think that, ah, everything is just handled now and forever. It's gonna sail along just fine. No, it won't. Now, this is the type of investing that can change your life. This is the real estate pays five ways. Compound leverage Trumps compound interest, type of vehicle. Financially free beats that free type of vehicle. You're winning the inflation Triple Crown all those great, formulaic GRE mantras, but you better check to make sure before you get too far into it. And that's why we're talking about vital due diligence here. I think you know by now that turnkey, it means a property that's really just got three things. It's already renovated or new. Secondly, has a tenant in it, and it has professional property management from day one. Now, the property providers at GRE marketplace, they are some of the good ones. They have good reputations. Many have been in business for a long time, but some others do not. So what about a provider? Provider that's in, say, Oklahoma, but you live out of the area on one of the coasts, and this Oklahoma provider, they're trying to pass off a property in Oklahoma City or Tulsa to you, it's actually in a class D neighborhood the worst. And they're sort of presenting it like it's a Class B minus neighborhood, right? How can you hedge against that? How can you know that things are not being misrepresented to you? Well, of course, everyone knows about Google Street View. You're probably going to look at that first that's going to tell you about the street scene. It's free to use a paid service that gives you neighborhood analytics. Is it neighborhoodscout.com you want to verify crime rates in areas, income levels, poverty levels, education levels and school quality to make sure that the property characteristics are what you are being told, and some of those attributes always matter with property. I mean, crime rates matter because even though you're not living there so you're not going to be able to retain respectable rent paying tenants that would tolerate a high crime neighborhood. Understand, though, that not all crime data is the same. Violent crime is probably the worst shoplifting, I'll call that in the middle. And then most traffic violations, they're light crimes. Now, if you're buying a single family rental type, of course, the quality of the school district, well, that's going to matter more than if you're buying a building of little efficiency apartments where the school district hardly matters there, because you're not catering to families. I've mentioned before that we go look.com. Is a service where you can hire an independent inspector, not even a real estate related person, necessarily, but just an independent on the ground inspector to just go check out a neighborhood at any hour of the day or night. Now, if you have any question about the out of state neighborhood that you're buying in an easy way to get a check on the decency of the neighborhood is something really simple. Make sure the turnkey provider owns properties in the area that they're selling to you. This helps ensure that they're not offloading their problem properties onto you. That's something that's probably only going to happen with an inexperienced provider that doesn't have a reputation to protect yet. But when it comes to neighborhood quality, once I'm pretty serious about buying a property, do you know who I usually get reliable information from? And it's virtually free, and you're contacting this party anyway, so it's so easy for you that is just simply ask your property inspector. I mean, you always want that independent, certified Property inspector to walk inside every room of your prospective purchase, and they make that punch list for your seller before you close that's on either a renovated or a new build property always get that inspection. I've talked about that before, and that often costs $500 or less on a single family home, and today it's about $800 or less on a duplex, well before my inspector even checks out the place. I like to let them know that I live outside the area, and I want their insight on the neighborhood as well. I mean, inspectors live locally there, so they'll probably be able to give you a good answer before they even do your physical inspection. They already know the area really well, and it doesn't even cost you any more above your normal inspection cost to just get a little on the ground intelligence. And of course, your inspector works for a company independent of your property provider, so their information should be unbiased. They work for you. Now after the inspection, how about your appraisal and some due diligence with that, what if your appraisal comes in low. Everyone wants to talk about if your appraisal comes in high, that's instant equity that you have, but see if the appraisal comes in low with a turnkey property where everything was renovated, that may or may not be a problem, because the comparables that were used for your valuation, they don't have everything renovated in them like your property does. So the subject property, the one that you've got under contract to buy that could very well have a lot of say, new plumbing, electrical, HVAC, the roof, bathrooms, paint, flooring, lighting, kitchens. I mean, most, or all of those components could be new in yours. It's common for yours to have all those components, and then the comparables do not have those now, you and your seller, you will have to negotiate on who's going to close the appraisal gap. I've discussed that part on a previous episode, but I'm point. Out how you can still be getting value even when your appraisal is low and it's worth it. Down the road, you're going to have less maintenance headache than your appraisal comparables will most of the time. Turnkey properties are renovated to cover major systems, and that means you do not have major expenses. Soon these expenses get wrapped into your mortgage payment, and that's a lot better for you than coming out of pocket three years later to replace an entire roof. Another thing to keep in mind is that a property provider that's been in business for a lot of years, they do not have interest in selling you a lemon of a property and hurting their reputation, but that seller does have a little interest in getting the maximum dollar. I mean, that's almost intrinsically natural in human beings. I mean, everyone has that motivation, just like you do when you sell your property down the road. So these rent ready or turnkey properties, they're almost always better if you're a busy professional or you just want to spend your time doing something else. I mean, I think that's a pretty well established concept in the investing industry, but I really think these rent ready properties, they are better for even more people than just busy professionals. I mean, consider the alternative, if you try to screen and identify a property yourself and do all the rehab and manage the contractors. I mean, first of all, you can be dealing with a hard money loan where you're paying four or five points plus a 12% interest rate, since that's all that's available for distressed properties, and unless you have experience managing contractors, oh, boy, you could have construction timelines that go over by several months. Well, now that can eat a huge portion of your investment that you thought you were making. You're paying 12% and you have no tenant all this time, but instead, when you buy a rent ready property, and you've got the best mortgage rates and terms from day one, and you've got a rent paying tenant from day one, and not all these headaches and time lost and contractors are trying to manage with turnkeys at GRE marketplace, those rehabs are done by crews that work full time for the turnkey provider, so they work at more affordable rates than what you could get as an out of state buyer if you're trying to patch together contract and crews yourself. So at scale GRE marketplace providers, they're also dealing with the same material types over and over again, so they're faster at doing it. The materials are also reliably sourced. You won't have the 10s or hundreds of hours managing all this, checking with the rehabbers, checking for quality control, making sure the amount of work that you were paying for was actually done. I mean, some people listen to this show and they had that real estate pays five ways, epiphany, that big light bulb moment, but then they try to do this rehabbing and investing themselves to save a few dollars, is what they thought, and it's rarely worth it. So avoid the massive time commitments with all this. I mean, you're also going to be doing other things, coordinating inspections and permits with city municipalities. I mean, what a nightmare. GRE marketplace providers, they've already done all of that for you and more now that you've bought the property, all right, what about the potential for poor management? Choosing your property manager is of utmost importance, because that person or firm, they're going to vet your tenants, handle the repairs, collect your rents and take care of any other issues at your rental property. They'll understand the local landlord and tenant law, you're going to be seeing the property infrequently, if you ever see it at all, so keeping an eye on things becomes key. Now, once you own the property and you have the tenant in there, there is always the potential for your property manager to do a poor job, costing you money, making your investment less lucrative, I like to ask my manager if they do regular property inspections, like getting inside the unit every six months. Now, you can read online reviews, like the star reviews, the number of stars for property managers. I mean, that could be helpful. It can also quickly get misleading. You can get a lot of bad reviews on an adequate manager. Because property management is such a tough job, I think that one of the best things you can do when vetting a property manager is to ask a friend. A lot of people don't have that option. So then do a search on the bigger pockets. Forums for your prospective property manager. So read reviews. Don't just look at star ratings. And I'll tell you, property management is one of the few areas in my life where I am willing to accept a service level of adequate or mediocre. Almost no one raves about their property manager, but I do have managers because they are the guardians of my quality of life, of your standard of living. We want them to serve our tenants, but I don't want 80 tenants being able to text message me. So there you go, armed with a number of due diligence items that can help you make sure that you buy your next income property, right? GRE marketplace, we typically connect you with the experience providers, but I'm telling you this because it's prudent to do some checking on your own and inquiring like this too, in case you have any doubt. Now, you notice on GRE marketplace, where you can connect with free investment coaching as well, that the properties, at times, they seem less expensive than you would expect. Why is this? Well, investor advantage markets, they have low prices. I mean, that's just one reason that they are investor advantaged like Ohio, Indiana, parts of Pennsylvania, Michigan, Missouri, Kansas, Nebraska, Tennessee, Arkansas, Georgia, Alabama, Oklahoma, Texas and some of the other Mid Atlantic states And Florida, another reason the GRE market prices seem low is that there is no agent that has to be compensated. It is a direct model. Another reason is economies of scale. Providers provide homes in bulk, so there are savings that way, and there also aren't any owner occupied emotions evolved with income properties. Those emotions can run up the price, or what they really do is they keep it stuck at a high price. So to help you review what you've learned today, a seven figure income is the new six figures. Real estate prices and rents just keep moving up, but modestly for the time being, a car loan can be good debt when you have a reasonable expectation that you can create arbitrage and sufficient liquidity in your life. And though income property is perhaps the most proven wealth generator ever, there are some mistakes to avoid when it comes to buying right between the guidance that you have today and the help of our completely free investment coaching another safety layer. If you're confident that it can benefit you, I encourage you to engage and move at the speed of instruction. It's the only way that you'll benefit I built this resource. I really wish it existed when I started out, and it's available for you at GRE marketplace.com, until next week. I'm your host. Keith Weinhold, don't quit your Daydream. Speaker 1 43:18 Nothing on this show should be considered specific, personal or professional advice, please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of get rich Education LLC, exclusively. Keith Weinhold 43:42 You know, whenever you want the best written real estate and finance info, Oh, geez. Today's experience limits your free articles access, and it's got paywalls and pop ups and push notifications and cookies disclaimers. It's not so great. So then it's vital to place nice, clean, free content into your hands that adds no hype value to your life. That's why this is the golden age of quality newsletters. And I write every word of ours myself. It's got a dash of humor, and it's to the point because even the word abbreviation is too long. My letter usually takes less than three minutes to read, and when you start the letter, you also get my one hour fast real estate video course, it's all completely free. It's called the Don't quit your Daydream letter. It wires your mind for wealth, and it couldn't be easier for you to get it right now. Just text GRE to66866, while it's on your mind, take a moment to do it right now. Text GRE to 66866. The preceding program was brought to you by. Your home for wealth, building, getricheducation.com.
This week on the RV Podcast: Why do Class B RVs cost so much… are the high-end ones really worth a quarter of a million dollars? If you're headed to the Big Bend National Park in Texas, be aware that you're not alone. hundreds of Federal troops are now patrolling there - on foot and in armored vehicles. RV Travel Tips to make your drive less tiring and more enjoyable All this plus the RV News of the Week and Mike & Jen's RV Storytime showcasing Jennifer's nerves of steel... all coming up in Episode 541 of the RV Podcast
In this episode of The Industrial Real Estate Show, I welcomed back Zach Harris and Hunt Rose of TrueCore Properties for a deep dive into their latest moves in the industrial space. They share how a previous podcast episode led directly to acquiring a FedEx facility in Baton Rouge, why Class B industrial is their sweet spot, and what makes secondary markets so attractive. The duo breaks down their buy box, value-add strategy, and shift to a fund model—all while emphasizing the importance of downside risk analysis, building functionality, and broker relationships. From tariffs to rail spurs to market fundamentals, this episode is packed with actionable insights for investors, brokers, and industrial enthusiasts alike.About Zach: As Managing Director and one of the co-founding partners, Zach is responsible for the leadership, growth, and strategic direction of the company while also overseeing the investment and operational functions. Prior to TruCore, Zach was a Director at Stan Johnson Company for over 12 years, where he specialized in net lease industrial investment sales brokerage for clients nationwide and contributed to the closing of over $5.0 billion in transaction volume.Harris earned his B.S. in civil engineering from Villanova University and his master's degree in business administration from the University of Oklahoma.About Hunt: As Investments Director and a co-founding TruCore member, Hunt oversees investments, financial underwriting, due diligence, and assists in origination of new investment opportunities. Prior to TruCore, Rose was an Associate Director at Stan Johnson Company specializing in providing equity capital solutions for new real estate development projects nationwide. Rose contributed to the capitalization of more than $2.5 billion in transaction volume and placement of over $200 million inequity capital.Rose started his career with Deloitte in the Hedge Fund and Private Equity Advisory Group in Dallas, TX. Rose obtained a Certified Public Accountant designation and earned a master's degree in business administration from Oklahoma State University.Connect with Zach and Hunt:TruCore Investments Website: https://trucoreinvestments.comZach on LinkedIn: / zacharystevenharris Hunt on LinkedIn: / hunt-rose-9229694b --
If you need help with drug addiction, you can find support here. Tickets for Unchained Nights here! Time for another weekly news debrief: we pick apart the most unhinged headlines and try to make sense of the mainstream media, helping you consume the news critically. This week, the TV show on everyone's mind: Adolescence. We discuss our reaction to the Netflix hit, whether showing the series in schools will do anything to change minds on misogyny, and how we can involve boys in the conversation without stigmatising them. (21:25) Also this episode: Drag Race icon The Vivienne's cause of death was revealed to be cardiac arrest caused by the effects of taking ketamine. A campaign has started to raise awareness of the dangers of ketamine, and to move the drug from Class B to Class A. But while the media uncritically supports the move, they fail to report on the wider context: that the more we have pursued a war on drugs, the more drug use, drug fatalities, and racialised inequality has risen. (04:01) Next, former president of Philippines, Rodrigo Duterte, was arrested by the International Criminal Court (ICC) - but why did he call it 'white man's justice'? The uncomfortable truth about inconsistent international law. (14:25) And, we discuss the irony that a new four-lane highway is being built in the Brazilian city of Belém, cutting through tens of thousands of acres of protected Amazon rainforest - all in aid of easing traffic at the climate summit COP30. You couldn't write it, but it's true. Read more from Ione Well's reporting here, and hear why we need to put the lived experience of indigenous voices at the forefront of the climate solution. (33:51) The episode is hosted and produced by Mathilda Mallinson (@mathildamall) and Helena Wadia (@helenawadia) The music is by @soundofsamfire Support us on Patreon! Follow us on Instagram, Bluesky, and TikTok Learn more about your ad choices. Visit podcastchoices.com/adchoices
Plus: European central banks make rate decisions a day after the Fed's. Class B shares of Warren Buffett's Berkshire Hathaway close at a record high. And the family of a Boeing whistleblower who took his own life filed a wrongful-death lawsuit against the company. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Although prices have come down as much as 30% or even higher on Class B and C Value-Add multifamily, they haven't come down enough for most seasoned investors to want to jump back in. There still needs to be further concessions to make the deals pencil, and to be worth the risk entailed with value-add. Buying and selling land in growing markets, however, can generate very attractive rates of return at far lower capital entry points. John Cohen, Founder of Toro Real Estate Partners, sold off most of his portfolio of 4500 multifamily units from 2020-2024, and has been acquiring land and selling to single family builders.
Matt Waldman discusses the tight end prospects from the 2025 NFL Draft in this RSP Solo Cast. https://youtu.be/rzy6Xy_K6eU Topics State of the tight end in the NFL. Recent tight end classes. Does the prototypical tight end even exist? Quick hits on 23 tight end prospects from the 2025 NFL Draft class. Now entering its 20th season, learn more about Matt Waldman's RSP — the most in-depth analysis of offensive skill position players available (QB, RB, WR, and TE). Or if you already know the deal, go ahead and pre-order (you know you want to) for $21.95. Matt's new RSP Dynasty Rankings and Two-Year Projections Package is available for $24.95 If you're a fantasy GM interested in purchasing past publications for $9.95 each, the 2012-2024 RSPs also have a Post-Draft Add-on that's included at no additional charge. Best yet, proceeds from sales are set aside for a year-end donation to Darkness to Light to combat the sexual abuse of children.
Colter Nuanez recaps the hoops action from the weekend, including initial reactions to the seeds for both the Montana men and Montana State women. Plus: Rey Johnston and Ethan Stack of the Loyola boys hoops team visit the studio after wrapping up a Class B threepeat over the weekend.
Jason Balara is the CEO and Co-Founder of Lark Capital Group, a real estate investment firm that focuses on Class B and C value-add multi family in the south east region. In addition to his real estate endeavors, Jason is also a veterinary surgeon and has utilized intense focus to hone his practice over the past 12 years. Jason's goal is to allow passive investors, mainly those who come from the medical field, like him, to grow their wealth by making smart investments in multi family properties. Connect with Jason: https://www.larkcapital.com/team/jason-balara Highlights: 1:22 - Jason's Background, Passions 8:55 - Balance Price Range for Potential Businesses 11:25 - Construction Business Strategies 16:19 - The Hunt for New Leads 23:30 - Buiness Levels, Management Teams Quote: "Real estate never left me, I always saw ownership as being a way to get ahead." Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Jack is joined by Fischer and Elijah to break down their preseason Top 10 rankings and look forward to the season ahead.--- Support Nebraska Soccer Talk by becoming a Patron. Click here to visit our Patreon: https://www.patreon.com/nebraska_talk. If you don't want to be a monthly supporter of Nebraska Soccer Talk, you can be a one-time supporter by Venmo: https://venmo.com/u/nesoccertalk.--- Visit our sponsor Fleet Feet for all your fitness needs: http://www.fleetfeet.com. Fleet Feet is locally owned and operated.--- Visit our sponsor Deer Creek Sports Cantina and Tacos at www.deercreeksportscantina.com. Deer Creek Sports Cantina is locally owned and operated.--- Follow us on Twitter @nebraska_talk and follow the hosts on Twitter @jack_hova and @Owen_Godberson. Want to be featured on a Nebraska Soccer Talk podcast episode? Click here: https://forms.gle/UQWr65BR5tp9Gfgw5 --- Visit our website: https://nesoccertalk.com/--- Visit our sponsor: http://www.sportsrecruitingusa.com --- Intro music by Adam Arispe from the Impulsive: https://www.theimpulsiveofficial.com--- Send in a voice message: https://anchor.fm/nebraskasoccertalk/message---Send in a voice message: https://podcasters.spotify.com/pod/show/nebraskasoccertalk/message---Send in a voice message: https://podcasters.spotify.com/pod/show/nebraskasoccertalk/message
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Some landlords of Class B and C apartments were not concerned with tenants' immigration status, and many rented to undocumented individuals over the last few years. Today, stricter immigration policies have notably impacted occupancy rates in workforce housing, especially in areas with a high concentration of older apartment buildings. Are you ready to unlock the potential of Multifamily Syndications? Discover how Michael Becker's proven real estate syndication business can open doors to financial growth and long-term success. Visit SPIADVISORY.COM today and start your journey toward smarter investing!
Key Takeaways:Industrial real estate remains resilient, with low vacancy rates, but older buildings may need upgrades to meet modern standards.The multifamily market is bifurcating, with Class A urban properties seeing more challenges, while Class B and workforce housing have stronger fundamentals in certain areas.The office market has structurally changed, with high vacancy rates, but there are pockets of resilience in medical office, Class A trophy spaces, and suburban mixed-use developments.In retail, grocery-anchored centers and experiential retail are performing well, while malls and big box retail continue to struggle, especially in weaker markets.Potential opportunities exist in distressed office, hospitality with expiring CMBS loans, retail repositioning, and affordable office/multifamily in good secondary markets, but caution is advised to avoid overpaying.
Radio call on Z92.5 The Castle of 03-08-25 District BB Championship Flint SW 52 Corunna 50
In this podcast, Shimon Shkury, President and Founder of Ariel Property Advisors, interviews Ariel's Manhattan experts Michael Tortorici, Founding Partner; Chris Brodhead, Senior Director, and Howard Raber, Director, about the Manhattan market in 2024.According to Ariel Property Advisors' Manhattan 2024 Year-End Commercial Real Estate Trends report, investment sales in Manhattan rose to $15.75 billion across 378 transactions, a 38% and 22% increase, respectively, compared to 2023. The office market rebounded, recording $5.1 billion in sales, a 74% year-over-year increase. Of the 55 office transactions, five were for Class A office buildings with the remainder for Class B and C properties. Multifamily sales rose 11% from 2023 to $3.44 billion in 2024, and transactions increased slightly to 182. Average pricing for multifamily properties dropped to $679/SF in 2024, while average cap rates increased from 5.24% to 6.23%. The report showed the most robust dollar and transaction volume since 2019. Development sales totaled $3.2 billion in 2024, a 121% increase from 2023, and transactions totaled 60, an 82% increase over this period. New City and State housing policies encouraged office to residential conversions, which accounted for approximately $2.3 billion of the development sales in 2024. Tourism surged in New York City in 2024, but Manhattan hotel sales fell 18% year-over-year to $1.47 billion last year. Finally, retail sales jumped 48% to $2.23 billion in 2024, and transaction volume rose 54% to 57 trades.
Colter Nuanez puts the focus on small-school hoops in the Class B Spotlight. Plus: more talk about the Cat-Griz rivalry results from the weekend, and an excerpt from a podcast ranking the 10 best Big Sky men's hoops teams of the past decade.
Colter Nuanez got rolling with a trio of interview guests in the 1st hour of Thursday's Nuanez Now. Nuanez would get things rolling with an interview from the Class B ranks of girls High School Basketball in another edition of 'Class B Spotlight.' Folks from the Big Sky Documentary Festival in Missoula, and the upcoming Snowbowl Gelande Cup were also live in studio for interviews.
In this episode, Ari and Jessi from Trekers share their journey from tent camping to RV life. They discuss transitioning from a Class B camper van to a 30-foot travel trailer, the pros and cons of towing vs. van life, and the realities of long-term RV travel. From park hosting to balancing remote work and travel, their insights offer valuable tips for anyone considering life on the road.Episode GuestsAri and Jessi Adler define themselves as "most-timers" when it comes to RVing. While they still have a home base in Michigan, they are on the road 9 to 10 months out of each year in their RV. Ari and Jessi travel in a 2022 30-foot Airstream Flying Cloud Office model towed by a 1-ton Chevrolet van. The van has been set up as a weekend getaway vehicle, allowing the Adlers to camp in places where they can't or don't want to take their Airstream. Jessi has a full-time remote job with a public relations agency while Ari takes on freelance writing and editing projects in addition to serving as a campground and park host. They also operate a website and YouTube channel to share their hiking and camping adventures. • Treker's Website • Treker's YouTube Channel • Treker's InstagramResources Mentioned in this Episode- Treker's Youtube Channel- We're the Russos YouTube Channel- Newsletter sign up- Book 1: Take Risks- Book 2: Tales From the Open RoadBook a 60 Minute Call with JoeAre you buying your first RV or have questions about RVing? Let's see if booking a coaching session with Joe is the right fit for you. Learn MoreSupport the PodcastDownload, subscribe, and share this episode. Leave a review.Become a PatronEpisode Websitehttps://weretherussos.com/class-b-rv-to-travel-trailer-trekers/
After several EPIC Heartland Hoops Classic matchups on Saturday, Mike Sautter and Jacob Padilla breakdown every game from the weekend in Grand Island - including Johnson-Brock's impressive rebound after a surprising loss, Sidney's statewide travel through a snowstorm, and Papillion LaVista South's impressive run. There is a NEW NUMBER ONE following Omaha Westview's loss to Millard North, while Class B had an memorable showdown between two teams that could rematch for the state championship. Follow Hurrdat Sports on social:Twitter: http://twitter.com/hurrdatsports Instagram: http://instagram.com/hurrdatsports Tiktok: http://tiktok.com/hurrdatsports Facebook: https://www.facebook.com/HurrdatSportsHurrdat Sports is a digital production platform dedicated to the new wave of sports media. From podcasting to video interviews along with live events and entertainment, we're here to change how you consume sports. Find us online at Hurrdatsports.com#NEBPreps #HighSchoolBasketball #Basketball #Nebraska #HeartlandHoopsClassicSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Colter Nuanez drills down on the recently announced signing classes for Montana and Montana State. Plus: a look at Class B and the entire landscape of Montana high school hoops.
Hey y'all! Join us as we discuss the My Hero Academia episode "Clash! Class A vs. Class B!", including bi panic punching, the Aizawa curse, and adrenaline rushes (they're very common, you can google it). Want more? Visit our website, myheroanalysis.com. Thanks for listening! ACLU Know Your Rights A4TE Trans Rights Webinar We Choose to Fight Webinar Bother Your Representatives
In episode 133, we go shopping for Class B Vans. Listen in as we discuss our RV dilemma where we chat about the pros and cons of Class B Vans versus our Airstream Travel Trailer. What will we do? What are your thoughts about pros and cons of these options? Drop us a line. The Places Where We Go Travel Resources The Places Where We Go Travel Resources TRAVEL BOOKS: While planning your travels, you can find links to several books to get you in the travel mindset on our Amazon Store Page - check out the section: Books That Inspire Travel GEAR: Visit our Amazon Storefront for more travel resources - all we use personally. GET YOUR TRAVEL GEAR HERE! - The Places Where We Go Amazon Storefront Thanks for your support! Inspiring Your Future Travels We hope this episode inspires you to consider visiting Wyoming. The Places Where We Go PODCAST: Released every other week in your favorite podcast app WEBSITE & BLOG www.theplaceswherewego.com SUBSCRIBE TO OUR NEWSLETTER INSTAGRAM: https://www.instagram.com/theplaceswherewego TWITTER: https://twitter.com/theplaceswhere1 EMAIL: Write to us at comments@theplaceswherewego.com We'll see you at the places where we go. Julie & Art AFFILIATE LINK DISCLOSURE The Places Where We Go contains affiliate links and is a member of the Amazon Services LLC Associates Program. If you make a purchase using one of these Amazon links, we may receive compensation at no extra cost to you. Read our disclaimer and privacy policy for more information.
Paul Moore's first taste in real estate was in the single-family sector where he flipped over 50 homes and 25 high-end waterfront lots. He also appeared on HGTV's House Hunters, rehabbed and managed rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms prior to entering into the multifamily space. Paul's specialty is purchasing Class B value-add garden style apartment complexes in growing markets via a syndicated capital raise structure. Topics: How Paul got his start in large multifamily syndicated investments. How he was able to rebound from the recession of 2008 by focusing on giving and helping others versus focusing on the many struggles he was currently facing in his own real estate business. How he built his first multifamily project in a man camp setting in North Dakota to house oilfield workers. The numerous reasons he loves B class garden style apartment complexes located in growing markets. How he's using sources like biggerpockets.com and writing a book to source his opportunities. Why suggests that you not swing for the fence on your first RE investment. The reasons you need to focus on your purpose and determine what kind of positive impact you want to have on this world and then use that blueprint to develop your company. Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team. Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
(HAUNTINGLIVE) (S6 E3) AUTHOR WT WATSON - FOREST POLTERGEIST CLASS B ENCOUNTERS AND THE PARANORMAL joins HauntingLive to discuss his latest published book Forest Poltergeist Class B Encounters.and the Paranormal. Learn what class b encounters entail. AMAZON - FOREST POLTERGEIST CLASS B ENCOUNTERS AND THE PARANORMAL: https://www.amazon.ca/Forest-Poltergeist-Class-Encounters-Paranormal-ebook/dp/B0CNQT514M Host: Trevor Bishop Co-Host: Yolanta Meri Psychic Medium Website & Shop: hauntinglivepodcast.com YouTube: @hauntinglive
Old Capital Real Estate Investing Podcast with Michael Becker & Paul Peebles
Have you ever heard the saying, “Slow and steady wins the race?” For Cory and Candice Muldrow, this timeless principle is the foundation of their success in apartment investing. The Muldrows began their journey in 2017 with the purchase of an 18-unit multifamily building, all while juggling full-time W2 careers. With a keen eye for value, they rehabilitated and repositioned this older asset, transforming it from a CLASS C- to a thriving CLASS B+ property. But they didn't stop there. In 2019, they took a bold step forward, acquiring a 102-unit apartment building that was in need of a fresh vision and new management. Through hard work and determination, the Muldrows not only revitalized this property but also made the leap to become full-time apartment investors. Since then, they've acquired hundreds of units, impacting the lives of both their tenants and investors. Their story proves that with the right mindset and strategy, transitioning from a W2 job to full-time real estate investing is not just a dream – it's a reality. Does apartment investing call to you? Are you ready to explore how you, too, can break free from the 9-to-5 grind and build lasting wealth in real estate? The Muldrows are living proof that it's possible, and they're here to show you how it can be done.
© JPS Archives
Where are people moving to, and where are they leaving? Understanding migration trends is crucial for real estate investors aiming to make informed decisions. In this episode of REady2Scale, Jeannette Friedrich, Director of Investor Relations at Blue Lake Capital, breaks down the 2024 migration reports from U-Haul and Allied Van Lines. Discover which markets are set for growth and which might be on the decline. Key Takeaways: - Top Growth Markets: Explore which states saw the highest inbound migration according to U-Haul and Allied Van Lines, including surprising trends in South Carolina, North Carolina, and Tennessee. - Declining Markets: Learn which states (and why) are at the top of the list for outbound migration and what that means for investors. - Unexpected Trends: Dive into standout market shifts, including Oklahoma's dramatic rise and Colorado's surprising decline in favorability. - Actionable Insights: Understand how to interpret these trends based on your target tenant demographics and investment strategy, whether you're focused on Class B properties or luxury developments. Tune in for a data-driven discussion that will help you navigate the dynamic landscape of multifamily real estate in 2025. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. To reach Ellie & the Blue Lake team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Timestamps 00:00 Introduction and Overview 00:33 Understanding Net Migration Trends 02:25 U-Haul and Allied Van Lines Reports 02:29 Top States People Are Moving To 04:07 States People Are Leaving 05:18 Surprising Migration Trends and Conclusion Credits Producer: Blue Lake Capital Strategist: Syed Mahmood Editor: Emma Walker Opening music: Pomplamoose #investing #uhaul #migration Learn more about your ad choices. Visit megaphone.fm/adchoices
Send us a textThere is a lot of confusion about Class B Plus RVs and how they compare to Class C RVs.So this podcast clears up that confusion and also covers the pros and cons of both types of RVs. Then you can decide which one you feel will work best for you and your style of travel and camping.Here is the link to the Class C suspension upgrade video mentioned in this podcast - https://youtu.be/Dfue7PRy9rQ
Introduction and Real Estate Professional Status RequirementsKim Lisa Taylor introduced the topic of taxation for LPs and GPs in syndications. Ryan explained the two key criteria for real estate professional status: 750 hours annually in real estate activities and spending more than 50% of working time in real estate business. Cost Segregation and Tax Benefits (00:15:24)Ryan described cost segregation as allowing investors to accelerate depreciation deductions, typically accessing 25-30% of total depreciation value in the first year instead of spreading over 39 years. Austin explained how this can be particularly beneficial when combined with real estate professional status.Structuring Syndications for Tax Efficiency (00:30:15)Kim Lisa Taylor outlined the recommended structure using an investment level LLC with Class A and Class B interests, and a separate management entity. This structure helps characterize earnings appropriately between active management fees and passive investment income.Carried Interest and Fee Treatment (00:45:30)The experts discussed how carried interest allows recharacterizing what would be ordinary income into capital gains. Ryan explained strategies for GPs to minimize taxes on acquisition fees by reinvesting them into deals as Class A interests.
Former college rivals and current Seattle Seahawks teammates Ty Okada and Patrick O'Connell join the show for a joint ESPN Roundtable to talk NFL journeys and rivalry memories. Plus: Malta head coach Nate Oxarart joins the show as the Mustangs head into the Class B title game.
With the Nebraska high school semifinals on tap what better time to check in with Hurrdat Media's Mike Sautter. Sautter along with Mike Schaefer run through the Class A semifinals and all the names to know as commits, targets or possible Nebraska recruits in the future. From the obvious ones like Christian Jones, Chase Loftin and Isaac Jensen to some deeper cuts like Max Clark, Darion Jones and Bryson Williams. The two also hit on some Class B names to know, what Conor Booth has looked like and his chances to stick at running back and which matchup does Sautter most want to see inside Memorial Stadium. To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices
Join us for an in-depth discussion with Randy Silvey, a seasoned Bigfoot researcher from Bend, Oregon. Randy shares his compelling encounters at Cultist Lake, where he experienced eerie howls, tree knocks, and even nighttime visitors walking around his camp. He recounts multiple Class B reports from campers and hunters near the lake, including mysterious gravel being dropped on tents and unseen entities moving through campsites. Randy also discusses his expeditions in the Deschutes National Forest and other notable areas in Central Oregon, providing a comprehensive look into his Bigfoot research and the evidence he's gathered.Resources:https://bendbigfootresearch.comBend Bigfoot Research Grouphttps://www.facebook.com/groups/2067991076767839
The Automotive Troublemaker w/ Paul J Daly and Kyle Mountsier
Shoot us a Text.Happy Veteran's Day and thank you to all who have served! Today we're talking about Ernie Garcia II cashing in on $1.4B of Carvana stock, a new Capital One study highlighting the role of trust and transparency in the car buying process and an IHOP-Applebees shared location.Show Notes with links:Ernie Garcia II, father of Carvana CEO Ernest Garcia III, has strategically sold $1.4 billion of Carvana stock since April, benefiting from a notable rally in the company's share price amid an impressive restructuring turnaround.Garcia II has offloaded nearly 10 million shares, transitioning his Class B voting stock into Class A shares for liquidation.He still controls 69.2 million Class B shares, making up the core of his $17.6 billion fortune.Garcia's last major sell-off was in 2021 when Carvana shares peaked, raising questions on the timing of his sales.The stock's rebound from under $4 at the end of 2022 to around $240 has renewed confidence in the company's trajectory.Nejat Seyhun, a finance professor at the University of Michigan, said “He might just have other alternatives and other investments… or maybe he expects the stock could fall—it's better to sell early than late.”Capital One's 2024 Car Buying Outlook highlights the role of trust and transparency in car buying, emphasizing the opportunity for dealers to bridge the digital and in-person experience.88% of buyers complete at least half of the car buying process in person, up 5% from 2023, underscoring the dealership's essential role.Digital tools are popular for early steps, with most buyers researching models, inventory, and financing options online before heading to the dealership.Trust drives loyalty: buyers are more than twice as likely to return to a dealer they trust, with 48% willing to pay more if they feel secure in the relationship.Transparency is key: while 73% of dealers see the process as “very transparent” or “completely transparent”, only 55% of buyers agree. “In a time when the ways cars are designed, sold, and purchased are rapidly evolving, the one thing buyers and dealers should see clearly from the start is each other,” says Sanjiv Yajnik, President of Financial Services at Capital One.Applebee's and IHOP are launching their first-ever dual-branded location in the United States, set to open in Seguin, Texas, in early 2025.The Seguin site will combine Applebee's lunch and dinner with IHOP's breakfast and brunch, maximizing both brands' peak hours.With a shared kitchen and cross-trained staff, this setup aims to cut costs and improve profitability, potentially supporting struggling locations.The site will feature a drive-thru to meet demand for off-premises dining.Dine Brands plans to roll out up to 15 dual-branded locations in the U.S. “The addition of a second brand may improve unit economics,” said CEO John Peyton, viewing it as a smart strategy for growth.Dual-branding has gained popularity in hospitalityHosts: Paul J Daly and Kyle MountsierGet the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/ Read our most recent email at: https://www.asotu.com/media/push-back-email
The multifamily market is sending clear signals that a massive opportunity is coming… And today's guest, Neal Bawa, has the data to prove it. Neal manages over $700M in multifamily assets and is one of the most data-driven operators I know. He's figured out a way to predict exactly where the market is heading over the next 24 months... ...and in today's episode, he's sharing his playbook with us. Neal is known as "The Mad Scientist of Multifamily" and has over 1,000 investors in his portfolio. In today's episode, he breaks down: The hidden indicator that predicts rent growth 24 months in advance Why multifamily prices are down 25-30% from peak (and what happens next) How to time your acquisitions with upcoming Fed rate cuts The surprising shift happening between Class A and Class B rentals Plus, he shares the exact data source he uses to predict market cycles (and it's completely FREE)... If you want to position yourself ahead of the coming wave of opportunity in multifamily... Take Control, Hunter Thompson Resources mentioned in the episode: Neal Bawa Website Previous episode mentioned Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre
Blake Hempstead, the guru of Class B football, joins Colter Nuanez to preview all four quarterfinal games. Plus: Riley Wilson is the Griz Star of the Week.
On Tell Del Tuesday, Del Walmsley is joined by Lead investor Zach, who shares his transition to full-time real estate investing after a career in the oil industry. He details the transformation of a 258-unit property in San Antonio, upgrading it from Class B to near Class A status. Zach's commitment to quality upgrades enhances the resident experience and boosts returns for investors, allowing him the flexibility to prioritize his family while effectively managing his properties. Click to Listen Now
Live from the Founder's Diamond Mine in Botswana, where all diamonds are worth 50 votes per share, it's an all-new Terrific Tuesday edition of Business Pants. Joined by Analyst-Hole Matt Moscardi! On today's chocolate-filled summary compensation table called October 22nd 2024: It's Double Quiz Tuesday, featuring a heartbreakingly mediocre ESG News Quiz and a relatively thoughtful data drop quiz!Our show today is being sponsored by Free Float Analytics, the only platform measuring board power, connections, and performance for FREE.DAMION1Let's start with a report that came out a week or two ago that claims Roblox is ?Bonus question 1: of influence is held by women on the Roblox board?Bonus question 2: of influence is held by brothers named Baszucki?Bonus question 3: CEO and co-founder David Baszucki undemocratically controls the pedophilic landscape known as Roblx because his Class B shares are magically worth ?Roblox's 2024 proxy statement cites a Trust & Safety Advisory Board comprised of world-renowned digital safety authorities. The company invites shareholders and stakeholders to “learn more about each of our Safety Advisory Board members at: corp.roblox.com/parents/.” Here's Bonus question 4: Yes or No, Does Roblox list names and qualifications of the members of its Trust & Safety Advisory Board at corp.roblox.com/parents/, in any of its SEC filings, or anywhere else on its corporate website, or anywhere else in the world, including the back on a Chipotle napkin?As a sidenote, the board's Nominating and Corporate Governance Committee is tasked with overseeing Roblox's initiatives related to trust and safety:The chair of that committee, Anthony Lee, has been on the board since before Obama was president, is the VP at a VC firm called Altos Ventures management that “invests in founders”Committee member Andrea Wong who serves on the boards of:media company Liberty Media, which is controlled by billionaire John C. Malone;Qurate Retail, an American media conglomerate controlled by billionaire John C. Malone; andHudson Pacific Properties, a real estate investment trust controlled by Victor ColemanAnd committee member Christopher Carvalho, who currently owns options worth about $5 million today based on an exercise price of SIX CENTS.There's no real quiz question here: so Bonus Question 5: Do you like this committee??And finally, let's get to executive pay at Roblox:According to the company's 2024 proxy statement, of Rolox's 5 named executive officers are women?Over the past 3 years, has founder and CEO and chair and majority voting powerman David Baszucki, averaged $50 million a year?Let's move over to a recent research report from Russell Reynolds called Gender Diversity in the C-suite: Women's representation in the 2024 S&P 100Just to put the collective power of the S&P 100 into perspective, what is the market cap of the S&P 100?What is the market cap of the entire S&P 500?In 2022, women held 12.2% of the ~15,000 C-suite positions across publicly traded U.S. firms. At the end of 2023, what was this percentage?Russel Reynolds' report looked specifically at 1553 executives at the 100 largest S&P 500 companies (the S&P 100). Out of all S&P 100 organizations, how many have achieved gender parity on their senior leadership teams?Of the six organizations that have achieved parity, name one notable feature of five of those six companies:What percentage of S&P 100 companies have leadership teams consisting of at least two-thirds men?What percentage of S&P 100 companies have leadership teams consisting of at least two-thirds women?The study looked at gender distribution by executive roles:Name the top 3 executive roles held by women:Extra credit: what percentages of those roles are held by women?Name the bottom 2 executive roles held by women:Extra credit: what percentages of those roles are held by women?Double extra credit: what's another name for the CEO role?In 2022, RRA research found that 43% of CEOs in the Fortune 250 companies were promoted from the COO position, making it the most commonly held internal role prior to taking the top job.In the S&P 100, of the 35 men who were a COO in 2022, eight have been promoted to CEO at their same organization and one left to be CEO elsewhere. But of the four women who'd held the COO role, none had been promoted—and three out of four left their operating roles to pursue boards/advisory work Let me add one bit of research that stood out to me from McKinsey's “Women in the Workplace 2024: The 10th-anniversary report”Since the anti-DEI/anti-ESG movement took off over the past year or so, the following four data points have all shown remarkable rebounds after several years of declining percentages:Any competence-based microaggression 37% to 57%Having judgment questioned in area of expertise 22% to 39%Being mistaken for someone at a much lower level 10% to 19%Being interrupted or spoken over more than others 21% to 40%Moving over to the news: As HSBC embarks on a major restructuring, including a new geographic setup where HSBC plans to divide its operations between an “Eastern markets” branch, reuniting Asia-Pacific and the Middle East, along with a “Western markets” division, comprising the non-ringed-fenced U.K. bank, the continental European business and the Americas and consolidated its operations into four business units: Hong Kong, U.K., international wealth and premier banking, and corporate and institutional banking, what has HSBC done for the first time in its 159-year history?Super duper bonus question 1: CNBC released a 615-word article called”HSBC embarks on major restructuring, names first female CFO.” How many words before the article actually names HSBC's first female CFO? Super duper bonus question, part 2: How many words before the article names HSBC's male CEO? And finally, On HBO's hit show Industry that takes place at a 150-year-old Goldman Sachs-esque investment bank in London, what exactly led to the company's near total Lehman Brothers-esque financial collapse?MATT1A data drop quizActivist Jana builds Lamb Weston stake, pushes for possible saleJana said it owns 5% of the Eagle, Idaho-based company and wants to see a strategic review in which the company and bankers would review capital spending, operating deficiencies and share-repurchase strategyWhat percentage of the board has Economics knowledge (from an MBA, a degree, or acting as a CFO)?72% (8 of 11). MBAs, TWO accountants, econ majorsWhat about Food Production?20% (2 of the 10 excluding the CEO). Unless "lawyer at Krispy Kreme" or "3 year stint as Arby's CEO" counts as food production. CEO Tom Werner and Andre Hawaux both from Conagra, Robert Coviello from Bunge and Cargill.How many directors of a fried potato company have addictive product backgrounds?45% (5 of 11). Benson was at McDonald's, Blixt was at Krispy Kreme, Hawaux was at Pepsi, Moddelmog was at Arby's, Sharpe was at PepsiHow many directors are connected through boards or companies in common?45% (5 of 11). Hawaux to Niblock and Benson; Jurgensen to Niblock; Sharpe and Hawaux at Pepsi; Wener and Hawaux at ConagraLeast liked director?Blixt, head of comp in the year the CEO Werner was paid 20.3m in summary comp but took home a staggering 40m to sell fried potatoes - and it got him a team low 96% FORWhat creative new directors are being considered now that Jana has a 5% stake?ROLL IT BACK! They've secured former executive chair Tim McLevish, who became a director in the spinoff from Conagra and has deep experience in... corporate finance, along with the 72% of existing board members
Remember when Class B value-add apartments were the go-to strategy for multifamily investors? Well, the real estate market has a funny way of shaking things up. With interest rates spiking and new development changing the landscape, the old rules might not work anymore. I've been noticing a shift in the multifamily world, and today's episode dives right into it. If you're invested in apartments - or thinking about it - you'll want to pay attention to this. I sat down with Travis Watts to get his insights on why they're suddenly shifting to the new Class A properties. Travis is the Director of Investor Relations at Ashcroft Capital, a firm that's acquired over 21,000 units. In our today's episode, he breaks down why the "value-add" game might be changing and how all this new development could actually be creating opportunities for smart investors. We get into the nitty-gritty of: Why newer properties might actually be cheaper to buy right now The hidden advantages of managing Class A buildings How the next couple years could be huge for apartment investors Whether you're a seasoned pro or just getting started in real estate, this podcast episode might change how you look at your next deal. Take Control, Hunter Thompson Resources mentioned in the episode: Travis Watts Website Interested in investing with Asym Capital? Check out our webinar. Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital? Check out our new FREE webinar - How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register. CFC Podcast Facebook Group