Podcasts about IRR

Derek Macpherson is both a mining analyst and the CEO of 2 publicly traded companies: Gold79 Mines (AUU:TSXV) and Olive Resources Capital (OC:TSXV). Derek began his professional career as a metallurgist in the steel manufacturing business, which he then left to become a full-time mining analyst. In this interview hosted by Brian Leni, Derek reveals where he sees opportunity in the current resource market. Also, he describes the setup needed for a M&A frenzy, what catalysts may turn sentiment, a detailed discussion on analyzing developers and much more. 0:00 Introduction 1:34 Beaver Creek / Denver Gold Forum 6:00 Catalyst for M&A? 10:02 Sentiment Change in the resource sector 13:06 Where is the opportunity in the market? 21:06 Today, where do we stand on the spectrum of risk? 27:18 Critical Minerals versus Recession 32:58 After-tax IRR under 20% 37:36 NPV to CAPEX Ratio 46:21 Gold79 Mines (AUU:TSXV) & Olive Resource Capital (OC:TSXV) Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in and/or be compensated by some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Interview with Darrin Campbell, President & CEO of Namibia Critical Metals (TSX-V: NMI)Recording date: 26th September 2023Darrin Campbell, CEO of Namibia Critical Metals, discussed the company's heavy rare earth Lofdal project in Namibia. Lofdal's key rare earths are dysprosium and terbium, which are critical for permanent magnets used in EVs and wind turbines.Namibia is a very mining-friendly jurisdiction where the company has worked for a decade and built strong government relationships. However, Namibia did recently ban unprocessed critical mineral exports, which won't impact Lofdal since they don't plan to export unprocessed rare earths.Lofdal was previously too small when first drilled in 2012 at just a 6 million tonne resource. But in 2020, a drill program expanded the resource dramatically to 53 million tonnes after securing a partnership with Japanese agency Jogmec. Jogmec is spending $20 million to earn a 50% project interest.This has allowed a revised PEA to show robust economics on the project with a $400 million NPV and 28% IRR. The vision is for Jogmec to bring in an industrial partner to further accelerate development. Campbell believes the project scale is sufficient for Jogmec given its heavy rare earth focus.The next steps are completing a PFS by 2023 Q3, advancing pilot-scale metallurgy testwork, and assessing the feasibility of a rare earth separation plant in Namibia. The company is also seeking additional Japanese industrial partners and hopes to announce progress on that in the coming months.—Learn more: https://www.cruxinvestor.com/companies/namibia-critical-metals-incSign up for Crux Investor: https://cruxinvestor.com

Recording date: 25th September 2023The latest in the world of Nickel with Mark Selby, CEO of Canada Nickel. Nickel prices have dropped below $20,000/tonne recently, which has been predicted for months. Prices are expected to bottom out around $17,500-18,000/tonne over the next 2-3 months before starting to recover in early 2023. The recent price drop is seen as positive to "shake out" bears and set a new base before rising again on increased EV demand. Prices could return to $20,000/tonne levels by spring 2023. Despite economic uncertainty, strategic players like BHP and Wyloo are still aggressively trying to secure future nickel supply by acquiring deposits. Mining companies are expected to become more interested in battery metals once EV demand growth is more established. FPX Nickel signed an MOU with Toyota on potential mine development and downstream supply chain involvement, underscoring Toyota's desire to secure future nickel supply. Giga Metals released a PFS showing an 11% IRR on their Canadian nickel-cobalt project, aided by Canadian tax credits. The multi-decade mine life provides options if nickel demand rises more than expected. Canada Nickel is close to releasing a feasibility study that will double initial production plans, aiming to be among the world's largest nickel mines. They expect significant recovery improvements in nickel, iron, and chrome. Selby explains how nickel sulfates will likely trade at a discount to metal prices long-term, similar to what has happened with cobalt sulfates. Maximizing value involves delivering a product close to LME pricing. There is a long-term upside for nickel versus cobalt pricing, given the greater relative demand growth for nickel in EVs. New capacity could push cobalt prices quite low. Officials are meeting UK and French officials about critical minerals supply from Canada, as governments are keen to secure "safe supply" from jurisdictions like Canada.—Learn more: https://cruxinvestor.com

Interview with Mark Jarvis, CEO & Chairman of Giga Metals Corp.Our previous interview: https://www.cruxinvestor.com/posts/giga-metals-giga-will-mitsubishi-introduce-a-new-shareholder-2619Recording date: 25th September 2023Giga Metals Corporation (TSX.V: GIGA, OTCQX: GIGGF, FSE: BRR2) is a mineral exploration and development company focused on nickel and cobalt. Its flagship project is the Turnagain project, located in northern British Columbia, Canada.The Turnagain project contains substantial nickel and cobalt resources, with 1.57 billion tonnes of measured and indicated resources grading 0.21% nickel and 0.013% cobalt. This equates to 7.5 billion pounds of nickel and 452 million pounds of cobalt. There is also an additional 1.16 billion tonnes of inferred resources grading 0.206% nickel and 0.012% cobalt (5.3 billion pounds nickel, 316 million pounds cobalt).A September 2023 pre-feasibility study outlined robust project economics for a large open pit mine producing a high grade nickel-cobalt concentrate. Average annual production over years 3-28 would be 35,224 tonnes of nickel and 2,064 tonnes of cobalt. The project has an initial capital cost of $1.9 billion and C1 operating costs averaging $4.65/lb nickel over years 3-28.At base case assumptions of $9.75/lb nickel and $26.54/lb cobalt, the after-tax NPV is $574 million with an IRR of 11.4%. The project is sensitive to nickel prices, with upside potential at higher prices.Giga Metals touts the low carbon footprint of the project compared to laterite nickel projects, with a carbon intensity of 1.77 tCO2e per tonne of nickel versus 5-6 tCO2e/t for Indonesian laterite projects.The company believes the Turnagain project can help meet rising nickel demand driven by electric vehicle batteries in North America. Giga Metals has a joint venture on the project with Mitsubishi Corporation.View Giga Metals' Company Profile: https://www.cruxinvestor.com/companies/giga-metals

In this episode, Andrew Cushman, founder and principal of Vantage Point Acquisitions shares his journey from engineering to house flipping to becoming a successful multifamily syndicator. Learn about lessons from his best and worst deals, strategies for navigating changing economic conditions like rising interest rates, and tips for evaluating investment opportunities. Listen in and gain insights on building a long-term real estate career from someone who has seen market cycles come and go!About Andrew CushmanAndrew Cushman is the founder and principal of Vantage Point Acquisitions, a real estate private equity firm specializing in multifamily apartments, particularly in the southeast region. After leaving his corporate position in 2007, Andrew ventured into real estate investment, initially focusing on flipping single-family properties in Southern California. Over time, he transitioned to multifamily acquisitions and has since syndicated and repositioned over 2,600 multifamily units. A former chemical engineer, Andrew brings a unique perspective to the real estate industry. Here are some power takeaways from today's conversation:[03:11] Andrew's real estate investing journey[08:06] Practicing R&D in the real estate world[11:39] How he made the transition from engineering to flipping houses[13:39] The worst syndication he has done[20:56] Most common mistakes LP investors make[24:38] IRR vs. AAR[38:36] Fixed rate debt on the portfolioEpisode Highlights:[08:06] Practicing R&D in the Real Estate WorldIn the world of real estate, there's a beautiful concept called "rip off and duplicate," as Cameron Harold aptly puts it. In the corporate world, that's research and development; in real estate, it's rip-off and duplicate. Find somebody who's already successful at what you want to do, learn and copy what they do, and go execute.  This approach not only provides a blueprint for action but also instills the confidence to persist, knowing that proven methods are at hand. [13:39] Lessons Learned From Buying C-Class PropertiesC-class properties may appear promising on paper, but their true nature often falls short in the real world. Recognizing this, Andrew coined the phrase "the grass is always greener over the septic tank" to highlight the deceptive allure of these properties and the lack of competition surrounding them. During a recession, rough C-class properties suffer the most, experiencing severe delinquency and plummeting value. For Adam, this was the worst deal he and his wife had ever done. Although the returns were not impressive, his experience taught him invaluable lessons, now more knowledgeable about what to do and what not to do.[20:56] Common Mistakes LP Investors Make Shopping deals solely based on projected IRR without considering the different levels of risk involved to achieve those returns. Higher returns do not always mean a better investment if they come with greater risk. Not understanding the relationship between risk and return Failing to evaluate deals based on multiple metrics like IRR, annual cash-on-cash return, equity multiple, and annual average return rather than just one metric. No single number tells the whole story. Viewing the relationship with the sponsor/general partner as adversarial rather than as a partnership. Investors need to ensure their interests are aligned with the experienced sponsors they are entrusting their capital for the holding period. This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Vantage Point AcquisitionsPodcast Recommendations:Macro Voices Advertising Partners:TribevestAspen FundsViking CapitalRise48

In this episode Carter discusses the importance of adding favorable financing language to annexation agreements, development agreements and financing agreements to ensure the greatest degree of certainty, flexibility and control related to your project's financing. In this podcast you'll learn: What common district financing language should be included and why; How to increase the amount of eligible costs available for financing through district financing; Creating reimbursement language that accelerates the repayment of infrastructure costs benefiting other landowners; Language that will accelerate cash into your proforma and increase your project's IRR. What language maximizes land value…..and much much more. Plus: Whenever you're ready, here are 4 ways Launch can help you with your project: Prepare an Initial District Bond Sizing for Your Project – If you have a project in excess of 250 acres in AZ, CA, CO, FL, ID, NC, NM, SC, TX or UT, contact  Carter Froelich (ADD MY EMAIL LINK) and have Launch prepare an initial bond analysis for your project. Add Favorable Financing Language to Annexation and/or Development Agreements – Create certainty and flexibility related to your project's infrastructure financing by having Launch professionals prepare handcrafted favorable financing language for inclusion in your Annexation and/or Development Agreement. Perform The RED Analysis™ on your Project – We have developed a unique process at Launch called The RED Analysis™ in which we perform a diagnostic review of your project to determine possible ways to Reduce, Eliminate and Defer infrastructure construction costs in order to enhance project returns. Track Your Reimbursable Costs Utilizing The Launch Reimbursement System™ (“LRS”) – Never lose track of your district eligible reimbursable costs and have Launch manage your district's costs reimbursement tracking, preparation of electronic reimbursement submittal packages and processing of your reimbursement requests with the district, jurisdiction and/or agency. Complimentary Offers for Land to Lots™ Listeners Complimentary Land to Lots book: https://www.launch-mpc.com/offer Complimentary Bond Sizing Analysis:  https://form.jotform.com/231376408765160 Get all the shownotes here Learn more about Launch Development Finance Advisors Connect with Carter Froelich Connect With Launch Development Finance Advisors Carter Froelich – 480-828-9555 / carter@launch-dfa.com Carter Froelich hosts the Land to Lots™ podcast powered by Launch Development Finance Advisors. Carter shares how he and his team help their clients finance infrastructure, reduce costs, and mitigate risks all with the goal of enhancing project profitability.

Interview with Ron Thiessen, CEO of Northern Dynasty Minerals (TSX/NYSE:NAK)Recording date: 19th September 2023Northern Dynasty Minerals CEO Ron Thiessen provided an overview of the company's giant Pebble copper-gold project in Alaska in an interview at the Denver Gold Forum conference. Thiessen stated over $1 billion has been spent on drilling, engineering studies, and environmental work to advance Pebble, one of the world's largest undeveloped copper-gold-molybdenum deposits.The Pebble deposit contains approximately 57 billion pounds of copper, 71 million ounces of gold, and significant molybdenum and silver. Initial mine plans outline a project producing 300-350 million pounds of copper and 300,000-350,000 ounces of gold annually over a 20-year mine life. The asset has strong economics with an estimated IRR of 16% and NPV of $2.3 billion at a 7% discount rate.While positive economic studies and engineering de-risking are complete, Pebble was denied a key permit in late 2020. Thiessen stated political factors in an election year likely influenced what should have been a science-based decision. Northern Dynasty has subsequently filed an appeal and legal challenge.A pending Supreme Court decision could help overturn an EPA determination against Pebble as soon as 2023. Thiessen sees several upcoming potential catalysts that could unlock permitting and development of one of the world's premier undeveloped copper-gold resources.In the interim, Northern Dynasty has $60 million from a recent royalty sale to fund critical path work. Thiessen noted Pebble remains a highly coveted asset that senior miners around the world would like to develop when permitting risks are resolved.Learn more: https://cruxinvestor.com

After many years of escalating prices, it's now a buyer's market for institutional, quality multi-family assets. Institutions are on the sidelines as they rebalance investment portfolios, and it's become much harder for newer operators to raise money. As a result, the buyer pool has shrunken, and prices have decreased. Class A, new vintage properties are selling for 10% off their peak in growing secondary markets in the Midwest. Ivan Barratt, Founder of the BAM companies, a fully vertically integrated Private Equity multifamily Real Estate firm, has close to 1 Billion in assets under management and has generated greater than a 35% IRR to investors with an average of a 3.5 year hold time. 

Ever wondered how to thrive in the unpredictable world of commercial real estate? Get ready to uncover the secrets of success as we dive into the dynamic realm of commercial real estate investing with Drew Breneman, the mastermind behind Brenneman Capital. Drew specializes in transforming multifamily properties. Today he is leaning into core-plus investments, and he's here to share game-changing insights for today's savvy investors. Key Takeaways: Adapting to Market Volatility: Drew discusses how his company adapted to market volatility in the past few quarters, particularly in response to the Federal Reserve's actions on interest rates. He emphasizes the importance of fixed-rate debt and minimizing variables in investment strategies. Market-Specific Insights: Drew provides a fascinating contrast between the performance of his Chicago and Phoenix properties. While Chicago has exceeded revenue and expense projections, Phoenix has seen slower-than-expected rent growth, highlighting the significance of understanding local market dynamics. Investor Sentiment and Strategy: Drew sheds light on shifting investor sentiment in commercial real estate. He discusses the balance between seeking high IRR and opting for secure, income-generating properties with lower loan-to-values. Drew emphasizes the importance of a mindset that believes in your ability to succeed in real estate investing. Drew Breneman | Real Estate Background Founder of Breneman Capital Portfolio: $220MM value 28 buildings: 22 multifamily in Chicago and Phoenix, 6 commercial in Minneapolis Based in: Austin, TX Say hi to him at: www.breneman.com Best Ever Book: Investing In Real Estate By Gary Eldred Greatest Lesson: Mindset can be a huge advantage. If you believe you can do it, you can.    Click here to learn more about our sponsors: Delete Me BAM Capital

Ever wondered how to thrive in the unpredictable world of commercial real estate? Get ready to uncover the secrets of success as we dive into the dynamic realm of commercial real estate investing with Drew Breneman, the mastermind behind Brenneman Capital. Drew specializes in transforming multifamily properties in core-plus markets, and he's here to share game-changing insights for today's savvy investors. Key Takeaways: Adapting to Market Volatility: Drew discusses how his company adapted to market volatility in the past few quarters, particularly in response to the Federal Reserve's actions on interest rates. He emphasizes the importance of fixed-rate debt and minimizing variables in investment strategies. Market-Specific Insights: Drew provides a fascinating contrast between the performance of his Chicago and Phoenix properties. While Chicago has exceeded revenue and expense projections, Phoenix has seen slower-than-expected rent growth, highlighting the significance of understanding local market dynamics. Investor Sentiment and Strategy: Drew sheds light on shifting investor sentiment in commercial real estate. He discusses the balance between seeking high IRR and opting for secure, income-generating properties with lower loan-to-values. Drew emphasizes the importance of a mindset that believes in your ability to succeed in real estate investing.   Drew Breneman | Real Estate Background Founder of Breneman Capital Portfolio: $220MM value 28 buildings: 22 multifamily in Chicago and Phoenix, 6 commercial in Minneapolis Based in: Austin, TX Say hi to him at: www.breneman.com Best Ever Book: Investing In Real Estate By Gary Eldred Greatest Lesson: Mindset can be a huge advantage. If you believe you can do it, you can.   Click here to learn more about our sponsors: Delete Me BAM Capital

Dr. McCullough is an internist, cardiologist, epidemiologist holding degrees from Baylor University, University of Texas Southwestern Medical School, University of Michigan, and Southern Methodist University.  He manages common infectious diseases as well as the cardiovascular complications of both the viral infection and the injuries developing after the COVID-19 vaccine in Dallas TX, USA. Dr. McCullough has broadly published on a range of topics in medicine with > 1000 publications and > 685 citations in the National Library of Medicine.  His works include “Pathophysiological Basis and Rationale for Early Outpatient Treatment of SARS-CoV-2 (COVID-19) Infection” the first widely utilized treatment regimen for ambulatory patients infected with SARS-CoV-2 in the American Journal of Medicine and subsequently updated in Reviews in Cardiovascular Medicine.  Subsequently he published the first detoxification approach titled “Clinical Rationale for SARS-CoV-2 Base Spike Protein Detoxification in Post COVID-19 and Vaccine Injury Syndromes” in the Journal of American Physicians and Surgeons.  He has dozens of peer-reviewed publications on the infection and has commented extensively on the medical response to the COVID-19 crisis in TheHill, America Out Loud, and on FOX NEWS Channel.  Dr. McCullough testified multiple times in the US Senate, Texas Senate Committee on Health and Human Services, Arizona Senate and House of Representatives, Colorado General Assembly, New Hampshire Senate, Pennsylvania Senate, and South Carolina Senate concerning many aspects of the pandemic response.  Dr. McCullough has had years of dedicated academic and clinical efforts in combating the SARS-CoV-2 virus and in doing so, has reviewed thousands of reports, participated in scientific congresses, group discussions, press releases, and has been considered among the world's experts on COVID-19.   Dr. Peter McCullough, www.petermcculloughmd.com President, McCullough Foundation, www.mcculloughfnd.org Author, Courage to Face COVID-19, www.couragetofacecovid.com Radio Show,  www.americaoutloud.com/author/dr-peter-mccullough/ Substack,  petermcculloughmd.substack.com/ Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS.    Please show love to those who support the QTR Podcast:  Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Supporters   Max Mulvihill - Since 2/2018  Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018   Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.    

Interview with Jamie Levy, President & CEO of Generation Mining LtdOur previous interview: https://www.cruxinvestor.com/posts/generation-mining-genm-talks-20m-draw-down-future-equity-needs-2642Recording date: 13th September 2023Generation Mining is on the cusp of transitioning its Marathon palladium-copper project in Ontario, Canada from development to construction. With major milestones upcoming over the next 6-12 months, Generation Mining represents an appealing investment opportunity with near-term re-rating potential.The Marathon deposit contains a global-scale palladium resource, with reserves of over 7 million ounces palladium and 1.1 million ounces platinum. At full production, it is expected to produce 120,000 oz palladium and 30 million lbs copper per year over a 13-year mine life.Importantly, Marathon is projected to be a low-cost producer, with all-in sustaining costs of just $814/oz palladium equivalent. This provides resilience even if palladium prices retreat from current levels near $1,300/oz.Generation Mining has made great strides to de-risk execution risk and minimize capital requirements. $640 million of project financing is already in place, including a palladium stream and debt facility. The company has also completed extensive geotechnical drilling and engineering work.With these accomplishments, Marathon is on a clear fast-track to production. Major catalysts over the next 6-12 months include:- Finalizing remaining permits- Securing additional funding- Awarding the lead construction contract- Starting early infrastructure construction works- Making a full construction decision- Achieving these milestones would significantly upgrade Marathon's investment case. The start of on-site construction activities in particular would be a major re-rating event.The company estimates it needs another $200-300 million to fully fund construction. While challenging markets have delayed the raising of this equity financing, the funding gap is manageable given Marathon's scale.Marathon's robust economics indicate the potential for strong upside at the current share price around CAD$0.80. At base case assumptions, the after-tax NPV is $1.07 billion. The IRR is an impressive 30%.Further, these economics are based on a palladium price of just US$1,725/oz – nearly $500/oz below the current spot price. There is substantial leverage to any strengthening of palladium prices back towards 2022 highs above $3,000/oz.Beyond the flagship Marathon project, Generation Mining's property package covers a massive 80-km mineralized palladium-copper belt. This points to potential for mine life extensions or future discoveries that could further improve value.With construction in sight, Generation Mining offers investors an intriguing opportunity to position for substantial near-term growth. The experienced management team is strongly aligned with shareholders to rapidly advance Marathon and realize its full potential.For investors seeking leveraged palladium exposure combined with near-term value catalysts, Generation Mining ticks all the boxes. The current valuation continues to provide an attractive discount ahead of pivotal project milestones expected over the coming months.—View Generation Mining's Company Profile: https://www.cruxinvestor.com/companies/generation-miningSign up for Crux Investor: https://cruxinvestor.com

Today I'm joined with the Bitcoin maestro himself. The man who orange pilled Jordan Peterson. Saifedean Ammous is also advising Nayib Bukele on the path to hard money as a nation for El Salvador. Plus we dunk on Paul Krugman a whole bunch, enjoy! Pick up his books here: https://saifedean.com/ Follow him on X here: https://twitter.com/saifedean Pick up the best razor in the game, Nadeau Razor, use code LOCKDOWN for a special discount for my audience only: https://nadeaushaveco.com/ If you are interested in checking out that art investment option to better diversify your portfolio: https://www.masterworks.art/lockdown This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov. Check out my show over on Fountain: https://www.fountain.fm/show/nUTYcMtl4yMuoKHljZWu Become a supporting member of Liberty Lockdown here!: https://libertylockdown.locals.com/ This is where I do monthly AMA's for supporting members only Super valuable stuff! Twitter: https://twitter.com/LibertyLockPod Pickup LL shirts over at https://www.toplobsta.com/collections/liberty-lockdown-23 NEW DESIGNS JUST DROPPED All links: https://www.libertylockdownpodcast.com/ Linktree: https://linktr.ee/libertylockdown As always, if you leave a five star review on Apple Podcasts with your social media handle I'll read it on next weeks show (audio version only)! Love you long time Liberty Lockdown presents a variety of opinions, sometimes opposing and controversial. They are not representative of the host of the podcast. Guests are encouraged to express their opinions in a safe and equitable environment.

Nickel had another test of $20,000 and once again it held up and trading in the lower end of range of $20-$22,000 range where it has been sitting since early June. Again, have been expecting several month break below this range but this has yet to happen – trend technically squeezing against this support level and with now seeing some LME inflows (still not much 1,000 tonnes) may finally go through in the next few weeks.Have seen continued improvements in ore and NPI prices driven by combination of a couple of factors: Chinese stainless production continues strong y-o-y growth – 17-20% in August and September Nickel has had a “shipping coal to Newcatle” moment recently as the Indonesian government investigated and dealt with illegal nickel ores and stopped the approval of new quota applications which has resulted in ore coming from the Philippines Korea trip again interesting. Key piece is how much nickel they will need – justone of the players at one stage - and there are multiple players at each step (precursor-cathode-battery) will need more nickel.Indonesia talking about a free trade agreement with the US (make it IRA-eligible) – may see something limited, but Chinese control of most assets would defeat the whole purpose of the IRA to get China out of critical material supply chains.Nickel Institute published clarification around CBAM in Europe (Carbon Border Adjustment Mechanism) – this is a mechanism which will eventually create a premium for lower carbon products (like Canada Nickel will be producing from Crawford).From 1st October 2023, FeNi and NPI producers will have to measure the carbon footprint of their products according to the requirements defined in the Annexes of the CBAM Implementation Regulation.From end of January 2024 onwards, data on the carbon footprint must be reported via a template submitted to the CBAM Portal.From 2026 onwards, companies importing FeNi and/or NPI will have to purchase CBAM certificates to compensate for the carbon footprint of the imported goods. The amount of certificates that FeNi and NPI importers have to purchase will be gradually increased. In 2026, certificates for only 2.5% of the total carbon footprint of a product have to be surrendered. This will gradually be increased until 2034, when 100% of the carbon footprint has to be covered.FPX announced solid PFS results – key drivers are low strip ratio below 1, simple process plant driven by magnetic separation, ability to sell awaruite directly to market - After-tax NPV8% of $2.01 Billion and IRR of 18.6% at $8.75 /lb Ni 29-year mine life producing an average 59,100 tonnes per year of nickel Phased development approach, with expansion following the 3.7-year after-tax payback period Life-of-mine average C1 operating cost of $3.70/lb Ni ($8,150/t), assuming no byproduct credits LOM average annual pre-tax free cash flow of $578 million during operating years Strategic product flexibility, with a Base Case high-grade nickel concentrate (60% nickel) for direct feed to the stainless steel industry, plus a Refinery Option to produce battery-grade nickel sulphate At Canada Nickel, very keen to see this PFS – our Midlothian deposit looks like maybe a primaryawaruite deposit.Dreadnought – the interesting early stage where First Quantum earning into 51%. Mineralization (no assays) from 14-27 metres wide relatively shallow.

Meet Jorge Abreu, a real estate visionary with over 17 years of experience. Buckle up as we explore the thrilling world of commercial real estate development, uncovering its unique challenges, and discovering the immense rewards it holds. From city hall showdowns to construction conundrums, Jorge spills the beans on what it takes to succeed in this high-risk, high-reward arena. So, are you ready to dig deep into the secrets of ground-up development? Key Takeaways: Risk and Reward in Development: Jorge emphasizes the increased risk associated with commercial real estate development, from the entitlement stage to construction. However, with the right approach and a low basis, the potential rewards can be substantial. A lower basis ensures more room for profit, making the risk worthwhile. City Approvals and Entitlements: Developing commercial real estate involves navigating complex city approval processes. Jorge discusses the importance of securing approvals from city officials, zoning, and city councils. These stages can be time-consuming and challenging, requiring patience and expertise. Comparing Development vs. Value-Add: Jorge sheds light on the differences in returns between development and value-add projects. While both target a 15-16% IRR, ground-up development projects generally offer higher returns on equity multiples. Understanding these variations is crucial for investors when choosing their investment strategy.   Jorge Abreu | Real Estate Background Elevate Commercial Investment Group Portfolio:  Multifamily properties in TX, OK, SC, SD, FL Based in: Dallas, TX Say hi to him at:  Instagram Facebook LinkedIn www.elevatecig.com  Best Ever Book: Traction by Gino Wickman Greatest Lesson: Spreading myself too thin early on taught me to focus on growing one thing at a time before moving on.   Click here to learn more about our sponsors: Delete Me BAM Capital

As a senior non-commissioned officer of Delta Force, the most elite and secretive special operations unit in the U.S. military, Command Sergeant Major Tom Satterly fought some of this country's most fearsome enemies. Over the course of twenty years and thousands of missions, he's fought desperately for his life, rescued hostages, killed and captured terrorist leaders, and seen his friends maimed and killed around him. Since then, Tom's found an incredible partner in Jen Satterly, started a nonprofit at The All Secure Foundation, and even kicked off a podcast of his own talking to other amazing veterans about their stories beyond the battlefield, All Secure with Tom & Jen. What keeps this warrior going? Let's hear it from the man himself.----------Chapters:00:00 - Intro02:28 - Arsenal of Hope by Jen Satterly08:26 - John Cougar Freedom13:18 - Army Man19:30 - By The Seat of my Pants30:06 - DELTA Selection53:23 - Surviving Somalia - Black Hawk Down01:16:21- On a Plane for 9/1101:25:44- Taking C Squadron to Iraq01:32:16- NAVY Rivalries01:36:47 - Halloween in Ramadi01:46:50 - Truth and Regrets01:51:21 - Dogs in Israel01:55:17 - Decision to Leave02:07:02 - Bagging Saddam Hussein02:12:43 - Deck of Cards Targets02:22:08 - Looking for Work02:28:07 - Founding a Nonprofit - The All Secure Foundation02:33:06 - Therapy, Behavioral Remedies, & DMT02:44:54 - Opening Up----------Support the All Secure Foundation -Website: https://www.allsecurefoundation.orgFacebook: https://www.facebook.com/AllSecureFoundationLinktree: https://linktr.ee/allsecureSupport Tom & Jen Satterly -Website: https://www.tomsatterly.comInstagram: https://www.instagram.com/tomsatterlyPodcast - All Secure with Tom & Jen: https://allsecure.buzzsprout.com----------Sponsors: MasterworksJust go to https://www.masterworks.art/mikedrop to skip the waitlistAgain that's https://www.masterworks.art/mikedrop“Net Returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd----------4PatriotsJust go to https://www.4patriots.com and use code MikeDrop to get 10% off your first purchase of 4Patriots Survival Food. That's https://www.4patriots.com, use code MikeDrop.----------Black BuffaloGo to blackbuffalo.com/discount/MIKEDROP and use promo code Mike Drop at checkout for 15% off your first order!Black Buffalo products are intended for adults aged 21 and older who are consumers of nicotine or tobacco.----------Fueled by TeamDog | www.mikeritlandco.com | @Teamdog.petALL THINGS MIKE RITLAND:SHOP for Fueled By Team Dog Performance Dog Food, Treats, Apparel, Accessories, and Protection dogs - MikeRitlandCo.com - https://www.MikeRitlandCo.com Team Dog Online dog training - TeamDog.pet - https://www.TeamDog.petThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5531509/advertisement

Jeremy Rys is an independent science & technology researcher with a long history of research & investigation into advanced propulsion concepts.  He has covered a variety of topics both directly and indirectly related to advanced propulsion, ranging from replication attempts of various devices to speculation about UAP & UFO propulsion systems. On Twitter he is @Alien_Scientist. His website is: https://t.co/tDUoBMD8vE Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS.    Please show love to those who support the QTR Podcast:  Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Supporters   Max Mulvihill - Since 2/2018  Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018   Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.

In this exhilarating episode of Unstoppable REI Wealth, I had the pleasure of interviewing Ben Reinberg, an accomplished expert in investing in medical office space. With over three decades of experience in the commercial real estate industry, Ben has managed an impressive fund with $350,000,000 in assets under management across 65 properties. During our conversation, Ben shared his syndication strategies that consistently generate remarkable returns of over 20% IRR for his investors. I was truly inspired by Ben's unwavering commitment to his craft and his deep gratitude towards his loyal team at Alliance Consolidated. He has built strong relationships and mentored aspiring professionals, driven by his own experience of lacking support in the early stages of his career. Ben's journey from being a CPA to a successful commercial real estate investor showcases the importance of hard work and adaptability. He reminisced about his strategic acquisitions in the early 90s, which fueled his journey towards accumulating vast wealth. Throughout the podcast, we explored various aspects of the business landscape, emphasizing the importance of problem-solving and embracing challenges as opportunities for growth. Ben introduced the "One Three One" approach, encouraging employees to identify challenges and devise three possible solutions before selecting the most viable one. This collaborative decision-making process fosters trust and propels personal and professional growth. We also delved into the evolving nature of business operations, particularly in the context of remote and hybrid work environments. Ben highlighted the value of leveraging virtual assistants and utilizing cutting-edge communication platforms for effective collaboration. Hiring talent from different regions and prioritizing comprehensive onboarding and training were also key topics of discussion. Ben emphasized the significance of loyalty and long-term commitment, fostering a sense of camaraderie among employees. Follow-up skills and effective communication were highlighted as crucial elements for success. Ben stressed the importance of commitment to writing, which aids in retention and serves as an indispensable tool throughout one's career. In terms of investment strategies, we explored successful approaches in office, industrial, and retail spaces. Notably, Ben's expertise in medical properties and the launch of a thriving medical property fund were showcased. The fund's focus on the "smile states" and impressive returns in medical office investments emphasize the profitability of their ventures. We also discussed the strategy employed by the Alliance Medical Property Fund, with a focus on evaluating creditworthiness and analyzing critical factors to enhance property value and secure tenants with robust creditworthiness. The value proposition of Alliance, founded on over 200 years of leadership experience, was highlighted. The episode concluded with Ben sharing valuable insights into the challenges and strategies involved in navigating the real estate market, emphasizing the importance of being strategic, proactive, and flexible. Investing with Alliance Commercial Group presents a compelling opportunity for investors seeking to build wealth in the real estate market. Ben Reinberg's active presence on social media platforms and dedication to engaging with investors highlight Alliance's commitment to transparency. Join us on Unstoppable REI Wealth as we continue to provide a comprehensive blueprint for success in real estate investing, offering tools, tips, tricks, strategies, and secrets from flourishing investors. Take decisive action and unlock your real estate investing potential today. - Ben Reinberg's experience in investing in medical office space (30 years, $350M assets)- Syndication strategies and impressive returns (20%+ IRR)- Importance of building relationships and helping others- Transitioning straight into commercial real estate- Insights into commercial real estate investing and wealth-building potential Check out Ben's Website here - https://alliancecgc.com/And after that head on over to...https://easysell411.comhttps://billyalvaro.comhttps://billyssecrets.comWho knows maybe you will be our next partner?To get some neat (and FREE) Tools | Tips | Tricks to help you in REI!

EPISODE SUMMARY: This episode is brimming with the incredible journey of Will Matheson, a successful entrepreneur who, alongside his brother, transformed a deep-rooted passion for real estate into a thriving business. Join us as we explore the rise of Matheson Capital from its humble beginnings in 2017, to a business that now boasts over 100 million dollars of assets under management. We commence with Will's tale that starts from his minimum wage broker days in Los Angeles, navigating challenges such as emergency rent control. We then fast forward to the present day, where we dissect the unique short-term investment strategy that Will and his brother employ, and how this approach has propelled their growth. Discover how they adapt to shifts in the market by predicting the future, ensuring they stay one step ahead. The episode also uncovers the current real estate market, highlighting factors leading to decreased pricing. Emphasizing the importance of flexibility in a debt structure, we discuss whether to opt for higher interest rates or agency loans. Finally, we conclude with Will's insights on professional property management's critical role in a property's success. Don't miss out on this engaging episode filled with valuable insights and practical advice from a seasoned entrepreneur. WILL'S BIO: At the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University's Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January of 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles. With limited resources, Matheson Capital focused on smaller value-add properties and short-term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high net worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC. GET IN TOUCH WITH WILL: https://www.linkedin.com/in/wlmatheson/ EPISODE CHAPTERS: (0:00:00) - Capital Raising Strategies in Real Estate Will and his brother built a real estate business to over $100M, investing in LA and facing rent control challenges. (0:11:04) - Short-Term Investment Strategy and Market Outlook Will and his brother built a successful real estate business, using strategies such as shorter hold periods and predicting the market. (0:17:11) - Buying Real Estate in Current Market Flexible debt structure, bank/agency loans, and decreased pricing factors discussed. (0:28:00) - Capital and Management in Real Estate Will discusses the importance of professional property management and reaching one's maximum potential. If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/  

Martin Turenne of FPX Nickel joined Paul for a corporate editorial conversation following the company's publication of their PFS for the Baptiste Project in British Columbia. The technical report shows a project with an After-tax NPV8% of $2.01 Billion and IRR of 18.6% at $8.75 /lb Ni. The two discuss the phased development approach to the project along with some of the news regarding the company's relationship with the First Nations.

FPX Nickel (TSX-V: FPX, OTCQB: FPOCF) just released its preliminary feasibility study results for its 100%-owned Baptiste Nickel Project in central British Columbia, with an after-tax NPV8% of US$2.01 Billion and IRR of 18.6% at $8.75 /lb Ni. The PFS demonstrates the potential to develop a high-margin, long-life, large-scale, and low-carbon mine with unparalleled flexibility to produce either a high-grade concentrate (60% nickel) for direct feed into the stainless steel industry or further refining into battery-grade nickel sulphate, cobalt precipitate, and copper concentrate products for the battery material supply chain. CEO Martin Turenne stated: “The PFS firmly establishes Baptiste as a key strategic asset in the development of Canada's critical minerals supply chain. Despite the inflationary pressures observed in the mining industry in recent years, the study has yielded after-tax NPV and IRR superior to those observed in the 2020 preliminary economic assessment, reflecting greater engineering maturity and incorporating the several optimizations identified by our class-leading project team in regards to resource modelling, mine planning, process recovery, and site design. The Baptiste project represents a significant opportunity for First Nations, the governments of British Columbia and Canada, and FPX to work together to develop a project that creates substantial and sustainable benefits while protecting the environment for future generations. We look forward to continued collaboration with local Indigenous groups, and the provincial and federal governments to support the development of Canada's critical minerals ecosystem and to leverage health, economic and social benefits for local communities.” 0:00 Introduction 0:38 PFS overview and comparison to peers 10:14 FPX Nickel's relationship with First Nations 13:04 Exploration partnership with JOGMEC 15:06 Q4 upcoming catalysts with apprx C$30M treasury Company website: https://fpxnickel.com/ Press release found here: https://fpxnickel.com/2023/09/fpx-nickel-delivers-pfs-for-baptiste-nickel-project-with-after-tax-npv-of-us2-01-billion-and-18-6-irr/#more-115169 FPX Nickel PFS Presentation: https://fpxnickel.com/wp-content/uploads/2023/09/Baptiste-PFS-Results-FINAL.pdf Sign up for our free newsletter and receive interview transcripts, stock profiles and investment ideas: http://eepurl.com/cHxJ39 FPX Nickel is an MSE sponsor. The content found on MiningStockEducation.com is for informational purposes only and is not to be considered personal legal or investment advice or a recommendation to buy or sell securities or any other product. It is based on opinions, SEC filings, current events, press releases and interviews but is not infallible. It may contain errors and MiningStockEducation.com offers no inferred or explicit warranty as to the accuracy of the information presented. If personal advice is needed, consult a qualified legal, tax or investment professional. Do not base any investment decision on the information contained on MiningStockEducation.com or our videos. We may hold equity positions in some of the companies featured on this site and therefore are biased and hold an obvious conflict of interest. MiningStockEducation.com may provide website addresses or links to websites and we disclaim any responsibility for the content of any such other websites. The information you find on MiningStockEducation.com is to be used at your own risk. By reading MiningStockEducation.com, you agree to hold MiningStockEducation.com, its owner, associates, sponsors, affiliates, and partners harmless and to completely release them from any and all liabilities due to any and all losses, damages, or injuries (financial or otherwise) that may be incurred.

Zero to 100 Million in 4 Years   We have the better looking twin, Will Matheson on the show today! This young, 31 year old is killing it in the multi-family realm by starting small and short-term holds. He shares his top three reasons why starting small benefitted his company. Will also goes into five things NOT to do when buying multi-family properties. If breaking into the multi-family market is your jam, this is a great episode for you! At the end of 2017, Will Matheson and his twin brother Evan were a few months away from graduating Columbia University's Masters in Real Estate Development program, and they were faced with a choice; go the traditional corporate route or start their own company. Despite having no track record, no ownership experience, and very little equity, they bet on themselves and opted to start their own company, Matheson Capital. By January of 2018, they had already completed their first acquisition, an $800k duplex in Los Angeles. With limited resources, Matheson Capital focused on smaller value-add properties and short- term holds. In the five years since their first purchase, they have completed another dozen multifamily / student housing acquisitions valued at over $100 million. They have worked with high net worth investors, family offices, private equity groups, and Wall Street firms, delivering an average investor IRR of 40% on their six completed projects. Despite changes in the market, Matheson Capital is continuing to push forward with the goal of owning $1 billion of real estate by 2027. Outside of real estate, Will is learning to fly a plane, and he also serves as a board member for Lowcountry Veterans, a homeless veterans shelter located in Charleston, SC.   To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com To join HomeSchooled by Tarek, visit https://go.homeschooled.co/schedule-strategy-session?el=jenjosey

Trump finally gave the speech I needed to hear. The speech we all desperately needed in 2020 but it came in 2023. A lot to say about this. If you are interested in checking out that art investment option: https://www.masterworks.art/lockdown This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov. Check out my show over on Fountain: https://www.fountain.fm/show/nUTYcMtl4yMuoKHljZWu Become a supporting member of Liberty Lockdown here!: https://libertylockdown.locals.com/ This is where I do monthly AMA's for supporting members only Super valuable stuff! Twitter: https://twitter.com/LibertyLockPod Pickup LL shirts over at https://www.toplobsta.com/collections/liberty-lockdown-23 NEW DESIGNS JUST DROPPED All links: https://www.libertylockdownpodcast.com/ Linktree: https://linktr.ee/libertylockdown As always, if you leave a five star review on Apple Podcasts with your social media handle I'll read it on next weeks show (audio version only)! Love you long time Liberty Lockdown presents a variety of opinions, sometimes opposing and controversial. They are not representative of the host of the podcast. Guests are encouraged to express their opinions in a safe and equitable environment.

There are a few mistakes that novice capital raisers make... The most common of which is coming off as too needy. The reality is that neediness kills deals, so I've developed a way to basically ensure you get a YES when you get started... Basically, when most people reach out to friends and family to get them to invest in their deal, they sound something like this.... "Hey! I know it's been 9 years since we talked, but here is a 5.5% cap rate, right outside of Dallas that is going to produce a 15.67% IRR. It's a $100,000 minimum. Are you interested?" Unfortunately, this basically never gets a positive response. And then, it's a dead end... There's nowhere to go. In today's episode, I'm going to give you the exact, word-for-word email template I used to get my first YES... ...and it works around 80%-100% of the time. (Yes, I'm being serious.)   Tune in! Take Control, Hunter Thompson   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

In this episode of the “Passive Investing from Left Field” podcast, we have the pleasure of speaking with Matt Faircloth, a successful full-time investor with over 15 years of experience in the industry. Join us as we delve into Matt's expertise in raising private capital and building a successful real estate empire.About Matt FairclothMatt has completed a variety of projects, including fix-and-flips, office buildings, single-family homes, and apartment buildings, amassing a portfolio of over 1,000 units. He has also raised tens of millions of equity for these real estate projects in both debt and equity positions from passive investors. As an Amazon best-seller with over 50,000 copies sold, Matt is the author of "Raising Private Capital: How to Build Your Real Estate Empire with Other People's Money," published by BiggerPockets publishing.Here are some power takeaways from today's conversation:[04:00] Figuring out your investment goals  and getting clear on your 'why' [09:00] Things to consider when looking for deals[16:00] Deals with amortizing loans vs. interest-only loans[18:00] How to calculate the IRR[21:35] Why HUD is the redheaded stepchild[28:17] Leveraging local resources[32:05] The concept of entropyEpisode Highlights:[04:00] The Importance of Clarity in Passive InvestingWhen it comes to passive investing, simply googling and blindly throwing money at the first company that pops up in your search is not a wise strategy. Instead, take the time to do your research and get clear about what you want to achieve through your investment journey. Consider your long-term goals, such as generating enough passive income to quit your job or building your net worth, and whether you enjoy your current job or not. While Wall Street can be tempting, it's important to recognize that it shouldn't be your only means of financial freedom. By gaining clarity and doing your due diligence, you can make informed decisions and set yourself up for success in the world of passive investing.[09:31] Maximizing Wealth through Strategic Passive Investing To succeed in passive investing, it's crucial to have clear investment goals. Consider factors such as appreciation growth, cash flow, and tax leverage before choosing an asset class like oil and gas or multifamily real estate. Without a clear understanding of your objectives, it's easy to make the wrong investment and miss out on long-term wealth-building opportunities. [15:57] Maximizing Your Return on Investment: Understanding IRR ComponentsUnderstanding IRR components is crucial in passive investing. While appreciation, cash flow, and return of capital are important, it's essential to scrutinize projected profit-sharing percentages and differentiate between controllable and uncontrollable factors. Operators can control operational thesis and business plans that govern cash flow, but they can't control future market demand or cap rates. Thoroughly assessing investment opportunities and operator strategies can help maximize return on investment.This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:BiggerPocketsRaising Private Capital: How to Build Your Real Estate Empire with Other People's MoneyPassive Investing from the Left Field Podcast Episode 38 Podcast Recommendations:The Ed Mylett ShowThe Joe Rogan Experience

Mark and I talk about macro, why markets might crash, deflation vs. inflation, the 2024 race and Tesla.  Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS.    Please show love to those who support the QTR Podcast:  Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Supporters   Max Mulvihill - Since 2/2018  Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018   Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.

Recording date: 1st September 2023Same comment as our last call - Nickel continues to bounce along the bottom of $20,000-$22,000 ($9-$10/lb) range where it's been since early June and has only briefly broken $9/lb.  LME inventories remain near multi-year lows.China is still split on 2 key markets – sulphate for battery continues to tread water, while stainless continues to edge higher, again despite lots of noise on Chinese weakness with both stainless prices and NPI prices moving higher once again. Things are quiet here in summer, howeverSPC Nickel, who consolidated property in Sudbury from Vale, hit some interesting intervals.  Talked in the past about a good exploration team that is in the same neighbourhood as Magna Mining Sudbury property.Hole WG-23-047, intersected a high-grade section that returned 1.27% Ni, 0.47% Cu over 18.00 metres from 245m to 263m within a thick zone of nickel and copper mineralization grading 0.70% Ni, 0.32% Cu over 50m from 221m to 271m.Canada Nickel made Mann Northwest announcement - is another major discovery One of 11 targets larger than Crawford – target geophysical footprint of 6km2 is more than triple the size of Crawford footprint.The first 8 holes drilled at Mann Northwest intersected well-mineralized, multi-hundred-metre intervals of mineralized peridotite and minor dunite across a combined strike length of 2.7 kilometres  - all holes were largely mineralized across the entire core length.  Initial mineralogy samples showed well-serpentinized material with heazlewoodite and pentlandite dominant nickel minerals.Target remains open in all directions.The big thing to talk about this week is Chalice Mining PEA – market cap has fallen by +30%.  They are the big boy with a pre-announcement market cap of $1.8 billion (which was already higher), so we need to say it like it is – particularly as PEA had some “offensive/aggressive” assumptions. Headline numbers all look great – but the market quickly realized some very aggressive assumptions.Chalice Mining just published a PEA, a month earlier than Canada Nickel will be publishing their Feasibility Study (FS) on Crawford – their deadline for FS is 2.5-years from now.Their biggest issue is the price deck:Palladium price (over ½ revenue) was $2,000 – today's price is $1,200. Remember palladium's main use is now being phased out as EV market reduces the need for catalytic converterNickel price was $24,000 –($11/lb) – we'll probably be looking at the $20-$21,000 range. Copper price was $11,000 ($5/lb) – copper prices have NEVER been this highWhen looking at the value at today's price deck – you get to a value somewhere between negative and $500 million – Remember their market cap is still $1.3 billion!!Chalice and  Canada Nickel are interesting comparisons.  Gonneville was discovered about the same time as Crawford so a good yardstick – the focus was nickel initially, but it turned out to be mostly PGE deposit with a scale about 1/3 less than Crawford and half the mine life.Another thing that is interesting is capex – we've indicated our capex will likely be in $US1.8-1.9 billion range, Chalice is getting 1/3 bigger mine/mill operation, a leach plant, a hydromet plant for 10% LESS cost than Canada Nickel in a higher cost jurisdiction.When the price deck is crazy aggressive, raises questions around what of the other 300-400 assumptions in there are also very aggressive! Will need a reset of expectations, and more than likely, a new owner who can take advantage of this fall from grace.I'll State it AgainWe have talked about it in the past, but want to make sure watchers are very clear on this point.A PEA IS ONLY AS GOOD AS THE ENGINEERING FIRM WRITING THE REPORT.  REMEMBER THERE ARE ENGINEERING COMPANIES THAT ALMOST NEVER BUILD PROJECTS, SO WRITING REPORTS IS THEIR BUSINESS AND IF THEY DON'T GIVE MINING COMPANIES THE ANSWERS THEY WANT, THEY DON'T GET THE BUSINESS.MOST FRUSTRATING FOR ME, WHEN INVESTORS SAY WHY NOT PROJECT HAVE MID-20% IRR?  REALITY IS THAT WITH VERY FEW EXCEPTIONS – ONLY GET THOSE RESULTS FOR SMALLER, HIGH-GRADE DEPOSITS IN TOUGH JURISDICTIONS, GENERALLY WITH A COMPARATIVELY SHORT LIFE OF MINE.  IF BUILDING A MINE IN PLACE THAT GOVERNMENT WON'T TAKE IT AND A SCALE MAJORS WANT, BASE METALS PROJECTS ARE EITHER SIDE OF MID-TEENS IRR.

Andy is the President & Owner of Miles Franklin Precious Metal Investments. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm's operations and business functions; including strategy and planning, account management, finance, and new business. He is andy@milesfranklin.com. Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter. THANK YOU TO ALL OF MY KIND PATRONS.    Please show love to those who support the QTR Podcast:  Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Supporters   Max Mulvihill - Since 2/2018  Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018   Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.

On this syndicated version of QTR and Palisades Gold Radio, I have an hour long discussion with host Tom Bodrovics, where we cover tons of topics including: Fitch's downgrade of U.S. debt, and how pathetic it is that nobody in the industry is paying attention to it The reasons for the downgrade: that both monetary and fiscal policy in the U.S. are spinning out of control How the American public was lied to about ivermectin, among other things Covid-related The role of the mainstream media in perpetuating false narratives China, IP theft and a potential invasion of Taiwan Michael Burry's recent purchase of put options on the market Why the game theory of market psychology won't matter when the fundamentals eventually take hold, which shouldn't be long Why we can't believe everything we are told by media and must think for ourselves The coming demise of the U.S. dollar empire Subscribe to my Substack, Fringe Finance, here: http://quoththeraven.substack.com Podcast listeners can take 50% off a Substack annual subscription for life by using this link: https://quoththeraven.substack.com/subscribe?coupon=92245385 Contribute a paltry recurring donation via Patreon: https://www.patreon.com/QTRResearch One time donations can also be sent via PayPal: https://www.paypal.me/qtrresearch QTR merch is available here. You can also follow me on YouTube, and Twitter.   Please show love to those who support the QTR Podcast:  Masterworks - use code QTR at Masterworks.com to skip the waiting list JM Bullion - where QTR buys gold & silver - Twitter: @JMBullion George Gammon - Rebel Capitalist Pro - Twitter: @GeorgeGammon Sang Lucci & Wall St. Jesus — The Steamroom — Twitter: @wallstjesus and @sanglucci Longest Running Patrons: Max Mulvihill - Since 2/2018  Mark Heywood - Since 3/2018 Kyle Thomas - Since 4/2018  Chris Bede - Since 5/2018  Dariusz Kordonski - Since 5/2018  Chris Gerrard - Since 5/2018 Shear Luck - Since 5/2018   Founding Members Of My "FRINGE FINANCE" Column Kashumba - Since 8/2021 Randy Carder - Since 8/2021 T Gaggiotti - Since 8/2021 Jamie - Since 8/2021 A Farmer - Since 9/2021 Harvest Moon Research - Since 9/2021 John H. H. - Since 11/2021 Mark Hutchinson - Since 11/2021 Joseph K. H. - Since 10/2021 A Farmer - Since 9/2021 Tsniezyk - Since 9/2021 Chris - Since 12/2021 All podcast content is subject to this disclaimer.    Chris is not an investment adviser. Listeners should always speak to their personal financial advisers. Please leave me alone. Masterworks Disclaimer: This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd View all past offerings here When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.  

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

Ever wondered how a rocket scientist turned real estate syndicator cracks the code of profitable commercial real estate investments? In this episode, Slocomb Reed sits down with Chad Zdenek, an industry veteran who's leveraging his out-of-this-world background to navigate the complexities of the market and share his invaluable insights with listeners. Key Takeaways: Diverse Market Strategies for Success: Chad Zdenek emphasizes the significance of investing in the right markets and building solid partnership teams to succeed in commercial real estate. By choosing partners based on their local expertise, Chad has ventured into markets such as Texas, Alabama, Florida, North Carolina, and Southern California. He explains how trusting the right teams has enabled him to tackle various challenges and navigate different markets effectively. Balancing Risk and Return with Value-Add Investments: Chad shares how his background in construction has driven his focus on value-add opportunities. He discusses the importance of a value-add component in uncertain markets, providing a buffer against market fluctuations and creating forced appreciation. He offers insights into the need to be cautious with debt, especially in the current market environment. Chad highlights the benefits of securing longer-term fixed debt and leveraging interest rate caps to mitigate risks. Taking a Holistic Approach to Investment Metrics: Chad offers a fresh perspective on investment metrics, stressing the need to consider risk profiles alongside return percentages. He explains how a lower IRR deal can sometimes outperform a higher IRR deal due to various market dynamics and assumptions. He shares the importance of diversification within real estate asset classes, recounting his journey from exclusively multifamily properties to branching into self-storage investments. Chad's adaptable approach showcases the value of understanding different asset subclasses to optimize a real estate portfolio.   Chad Zdenek | Real Estate Background Real estate syndicator, investor, and founder of CSQ Properties, which acquires, repositions, and manages apartments and self storage properties across the United States. Portfolio: Almost $200MM in AUM Based in: Los Angeles, CA Say hi to him at:  csqproperties.com Instagram YouTube Best Ever Book: The One Thing by Gary Keller Greatest Lesson: The most important trait a real estate investor should have is a long-term investment horizon.   Click here to learn more about our sponsors: Techvestor Rent to Retirement Delete Me BAM Capital

Download our RETIRE WITHIN 10 Bundle: https://www.RETIREWITHIN10Bundle.com/This bundle will help you strategize how long you can replace your active income with passive income and lay out the exact methods to get you there faster. (Spoiler: Most can get there within 3 - 7 years with the right plan in place)If you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PresidentsClubInvestors.com and let me know what topics you'd like me to cover or what guests I should have on.Check out our investing firm: https://www.PresidentsClubInvestors.com/Want to invest with us? Schedule a brief call here: https://calendly.com/justin-732/investor-callKey Points:1. [0:34-01:40] Cash on Cash Return:a. Measures rental income against invested capital.b. Determines the percentage of return from net rental income.c. Investors seek an average of at least 5%, varying with strategies and property types.2.[01:48-3:00]Average Annual Return:a. Calculates overall return over a specified investment period.b. Combines cash flow, sale proceeds, and other income.c. Aiming for a minimum of 15% average annual return, depending on investment duration.3.[3:14-4:00]Equity Multiple:a. Measures how much an investment multiplies the initial equity.b. Reflects overall profit generated from the investment.c. Aim for around 2.0 equity multiple, adjusting for deal length and timing.4. [4:14-5:00] Internal Rate of Return (IRR):a. Complex formula incorporating the time value of money.b. Prioritizes quicker cash returns due to inflation's impact on future cash value.c. Target around 15% IRR, considering investor preferences and investment horizons.5.[5:14-7:00] Individual Investment Goals:a. Different investors emphasize various metrics based on their objectives.b. Some prioritize cash flow and steady returns, while others focus on higher IRR and equity multiples.c. Understanding your investment strategy helps determine which metric is most crucial.The episode delves into essential metrics for evaluating real estate deals, including cash on cash return, average annual return, equity multiple, and internal rate of return (IRR). Each metric offers insights into different aspects of an investment, catering to diverse investor goals and strategies.

Do you want to enhance your trading strategies and achieve greater success in the market? Are you searching for the key to unlocking your full potential as a full-time trader? Look no further! Get ready to revolutionize your approach and see your trading career soar to new heights!Join us on Average Joe Finances as our guest, Tony Pawlak reveals the ultimate solution to help you attain your desired outcome: amplified trading strategies and heightened market triumph. In this episode:Uncover the power of the right mindset to unlock trading and investing proficiencies.Acquire skills to maneuver your trading risks with control and management techniques.Realize how education and mentorship in trading are pivotal for making purpose-driven decisions.Recognize the role your emotions play in trading and develop strategies to manage them.And so much more!Key Moments:00:00:27 - Tony Pawlak's Background00:02:26 - Struggles and Debt00:08:14 - Mindset Shift and Strategy00:09:44 - Growth and Helping Others00:12:17 - Stepping Up to the Next Level00:14:30 - Overcoming Common Trading Mistakes00:19:51 - Trading as a Full-Time or Part-Time Endeavor00:22:30 - Investing vs. Trading in the Stock Market00:23:51 - The Importance of Price Action Trading00:24:15 - The Importance of Learning to Read Markets00:25:14 - Long-Term Investing and Buying Insurance00:26:31 - Understanding Market Trends and Timing00:28:41 - The Best Time to Trade and Emotional Equity00:33:02 - The Importance of Diagnosing Markets and Accepting Losses00:35:21 - The Importance of Mindset in Trading00:36:14 - Risk and Skill in Trading00:38:50 - Controlling Emotions and Risk in Trading00:40:05 - Lessons Learned and Changing Expectations00:47:20 - Enriching Lives and Providing Education,Find Tony Pawlak on:Websites: https://www.reallifetrading.com/tonypawlakPodcast: https://myworstinvestmentever.com/ep579-tony-pawlak-stop-trying-to-get-rich-overnight/Youtube: https://www.youtube.com/channel/UCux4_ZudBYgiZBPDvxVdhVQAverage Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksAbout Mike: https://mikecavaggioni.comShow Notes add-on continued here: https://averagejoefinances.com/show-notes/*DISCLAIMER* https://averagejoefinances.com/disclaimerSee our full episode transcripts here: https://podcast.averagejoefinances.com/episodes_______________________This is not an offer of a security or investment advice.See important disclosures at masterworks.com/cd View all past offerings here. When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.Support the show

Tesla has introduced a new variant for the Model S and Model X, but is it going to boost sales on those cars? Plus: yet more Project Highland rumors suggest the launch of the revamped Model 3 is imminent (at least in China), one of Tesla's major battery suppliers has a new cell that can recharge exceptionally quickly, and more! If you enjoy the podcast and would like to support my efforts, please check out my Patreon at https://www.patreon.com/teslapodcast and consider a monthly pledge. Every little bit helps and there are stacking bonuses in it for you at each pledge level, like early access to each episode at the $5 tier and the weekly Lightning Round bonus mini-episode (AND the early access!) at the $10 tier! And don't forget to leave a message on the Ride the Lightning hotline anytime with a question, comment, or discussion topic for next week's show! The toll-free number to call or Skype is 1-888-989-8752. Go to xcelerateauto.com/xcare to find the extended warranty policy that's right for you and your Tesla, and don't forget to use the discount code “Lightning” for $100 off your purchase. Invest* in art at Masterworks.art/RTL!  P.S. Get 15% off your first order of awesome aftermarket Tesla accessories at AbstractOcean.com by using the code RTLpodcast at checkout. Grab the SnapPlate front license plate bracket for any Tesla at https://everyamp.com/RTL/. Get the best Dashcam/Sentry Mode drive for your Tesla at www.puretesla.com/rtl  (*This is not an offer of a security or investment advice. See important disclosures at masterworks.com/cd. View all past offerings here. When Masterworks presents the net return of an investment in a sold artwork, “net return” or “IRR” refers to the annualized internal rate of return net of all fees and expenses, calculated from the offering closing date to the date the sale is consummated. IRR is not indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. For additional information regarding the calculation of IRR for a particular investment in an artwork that has been sold, a reconciliation will be filed as an exhibit to Form 1-U and will be available on the SEC's website at www.sec.gov.)

-Started an internet business in high school. I saved all the money from it and acquired my first rental property at age 19 back in 2005. -Founder of Breneman Capital -Breneman Capital specializes in investing in multifamily in Phoenix, Dallas, and Austin -Invested in a variety of geographies and asset classes: Multifamily in Madison, WI (2005-2007). Then industrial, office, and retail in Minneapolis St. Paul (2008-2012). Multifamily and mixed-use in Chicago (2013-2020) before focusing on only multifamily in Austin, Dallas, and Phoenix (2021-Today). -Acquired $200M+ of investment property as key/sole GP. -25%+ average realized IRR on investments sold -15 deals have executed full cash-out refinances of all our initial equity -Host of the Breneman Blueprint podcast -Started out with a duplex and have worked my way up to $30M+ deals. All self made starting from scratch - my parents are public school teachers, so didn't start with any capital of theirs or connections. *DISCLAIMER - We are not giving any financial advice. Please DYOR* (00:00 - 02:59) Opening Segment - Drew is introduced as the guest Hosts - Drew shares something interesting about himself (02:59 - 26:32) Why buy newer properties - Why Multifamily - Breneman Capital: How We Set Up The Company / What Makes Us Different - Differences between these markets and how to pick a market - Then from there close it out with: - Biggest mistakes I see LPs make - How to do your first deal - What types of deals to do today - Entrepreneurship/Mindset - Skills to develop to succeed in investing in real estate How to build wealth in real estate, how to vet sponsors, biggest mistakes I see LPs making, red flags to look out for with deals and sponsors. (26:32- 30:37) Fire Round - Drew shared if she would change his investment strategy - Drew also shares his favorite Finance, real estate book, or any related book - Also Drew shared about the website and tools that he can recommend - Drew's advice to beginner investors - Also shared how he gives back (30:37 - 31:56) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Wealth Matter's YouTube channel ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠and you can reach out to Alpesh using this ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠link⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check us out at: Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wealthmatrs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠IG: @wealthmatrs.ig⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tiktok: @wealthmatrs⁠⁠⁠⁠⁠

From raging wildfires to devastating floods, how are these natural events reshaping our financial landscape? What if anything, should we be doing with our investments as a result?Topics covered include:The devastating Maui wildfire: What are the factors that led to one of the deadliest wildfires in US history.Global wildfire trends: Are they really increasing? The data might surprise you.The role of insurance companies: Learn how the giants of the reinsurance world, like Swiss Re and Munich Re, are navigating the increasing number of natural disasters.The complex interplay of climate change, urban expansion, and human choicesWhy IPCC is not highly confident regarding some weather impacts of climate change due to the natural variability in weather patterns.What should individuals do when there is a lack of details regarding a long-term potential threat?SponsorsUse code MONEY10 to get 10% off on your NAPA Autoparts online order.Masterworks – invest in contemporary artMasterworks Disclosure:“net IRR” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold, and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd Insiders Guide Email NewsletterGet our free Investors' Checklist when you sign up for the free Money for the Rest of Us email newsletter.Show NotesWhy the fires in Hawaii have been so bad—The Economist CAMS: monitoring extreme wildfire emissions in 2022—CopernicusA human-driven decline in global burned area by N. Andela et al.—ScienceSeasonal Trend for Europe—CopernicusInsurers rack up $50bn in losses from natural catastrophes this year by Ian Smith—The Financial TimesWorld insurance market developments in 5 charts—Swiss Re InstituteWhen Disaster Strikes: Preparing for Climate Change by Seán Nolan and Krishna Srinivasan—IMFCalifornia insurance market rattled by withdrawal of major companies by Michael R. Blood—APRising Temperatures Are Wreaking Havoc Year-Round by Zahra Hirji, Rachael Dottle, and Denise Lu—BloombergClimate Change Information for Regional Impact and for Risk Assessment by Roshanka Ranasinghe, et al.—IPCCThe Science Before ScienceCO2 emissions (metric tons per capita)—The World BankRelated Episodes340: Climate Change, ESG, and What Should Investors Do?413: What if the World Stopped Shopping?442: Crisis-Proof Investing: Strategies for a Shaky FutureSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Jason Sweet's darkest days seem to be behind him now, but last we heard he still had a ways to go. In his most dangerous engagement yet, Jason digs into Mission #0427 Alpha and his closest call in pararescue before stumbling into playing Division 1 Football at the University of Arizona (yes, really) and getting his start in training the next generation with SOCOM Athlete, an elite training group for aspiring SEALS and BUD/S participants. ----------Chapters:00:00 - Intro01:09 - Mission #0427 Alpha16:17 - Establishing Contact 32:16- And I'm Free Falling42:41 - Coming Home was Weird, Man50:17 - Chasing the Football58:39 - Playing Div 1 at University of Arizona01:07:53 - A Blown-Out ACL01:17:08 - The Science of Sport01:24:11 - SOCOM Athlete01:31:06 - Hell Day01:36:56 - Is PJ Training Harder than BUD/S?----------Support Jason Sweet - SOCOM Athlete: https://www.socomathlete.com/SEND ME Podcast: https://open.spotify.com/show/0fQDggSL1oCS22ZLa0mo9eInstagram: https://www.instagram.com/doctorsweet51/YouTube: https://www.youtube.com/c/SOCOMAthleteLinkedIn: https://tinyurl.com/5n6n5ebj----------Sponsors: MasterworksJust go to https://www.masterworks.art/mikedrop to skip the waitlistAgain that's https://www.masterworks.art/mikedrop“Net Returns” refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the sale date. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. See important Reg A disclosures: Masterworks.com/cd----------BioProteinUse code MIKEDROP to save $30 on your first order at https://www.bioproteintech.com----------ManscapedGet 20% off + free shipping with the code MikeDrop at manscaped.com. That's 20% off + free shipping with the code MikeDrop at manscaped.com. Trim your chesticles with the besticles.----------Fueled by TeamDog | www.mikeritlandco.com | @Teamdog.petALL THINGS MIKE RITLAND:SHOP for Fueled By Team Dog Performance Dog Food, Treats, Apparel, Accessories, and Protection dogs - MikeRitlandCo.com - https://www.MikeRitlandCo.com Team Dog Online dog training - TeamDog.pet - https://www.TeamDog.petThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/5531509/advertisement

Want to make informed investment decisions? Join us as we unpack the secrets behind risk-adjusted returns with Paul Shannon. He talks about real estate investing in today's uncertain market, how he vets sponsors, looks for risk-adjusted returns, and the benefits of both active and passive investing.Paul Shannon is the principal of Red Hawk Real Estate and fund manager of InvestWise Collective, a partnership between Red Hawk Real Estate and Left Field Investors. Since transitioning to real estate investing full-time in 2019, Paul has acquired over 200 residential units by recycling his equity and through joint ventures. A licensed realtor, Paul has experience in acquisitions, raising capital, and property management. Here are some power takeaways from today's conversation:[02:00] Why Paul slowed down in investing [11:10] Emerging Trends in Multifamily Financing: Longer Holds, Lower Returns[18:00] How active investing makes you a better passive investor[21:00] Understanding risk-adjusted returns[26:45] About InvestWise Collective[30:50] Tips for vetting sponsors and investors[41:50] Being selective with higher quality deals Episode Highlights:[11:10] Emerging Trends in Multifamily Financing: Longer Holds, Lower ReturnsMultifamily operators are shifting towards agency debt or fixed-rate products with stepped-down prepay penalties to avoid costly fees when selling before maturity. This change means longer hold periods, lower leverage, and loan-to-value ratios in the 50s to 60s. Lenders require properties to generate income 1.2 to 1.3 times higher than the debt service, leading to decreased loan proceeds and reduced returns. Despite this, there are still attractive investment opportunities, but investors must consider more than just high IRRs and cash-on-cash returns.[21:00] Understanding Risk-Adjusted Returns: Maximizing Returns While Managing Risk in Investments‘Risk-adjusted returns' refer to the amount of return an investment generates relative to the amount of risk involved in producing that return. An investment with a higher risk-adjusted return means it generates more return for the amount of risk taken. Paul explains risk-adjusted returns by comparing potential returns from real estate investments to risk-free alternatives like high-yield savings accounts. The returns from real estate deals involve more risk due to factors like rising interest rates, cap rate compression, and reliance on sponsor pro formas. However, they must offer a high enough return to justify that additional risk compared to the guaranteed return from a savings account. Paul looks at variables like yield on cost, IRR, and cash flow to determine if a deal offers a sufficient risk-adjusted return for his investors.[30:50] Tips for Vetting Sponsors and InvestorsPaul places the most emphasis on trust, ensuring the sponsor will act as a fiduciary for investors' capital. He examines the sponsor's track record but notes that a longer track record does not necessarily mean better, focusing more on how the sponsor navigated past downturns. Paul analyzes the sponsor's financial spreadsheets in depth to understand their assumptions and whether they are conservative or aggressive. Rather than just looking at headline returns, he focuses on yield on cost, IRR partitioning and cash flows to determine the deal's risk level. Finally, Paul looks at the debt terms the sponsor is using to ensure it matches their business plan and exit strategy to minimize prepayment penalties.This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Redhawk Real EstateInvestWise CollectiveEmail: paulshannon@investwisecollective.com   Podcast Recommendation:Old Capital Podcast

Tune in to hear updates and commentary from Adam Gower Ph.D., GowerCrowd, and David Saxe, Calvera Partners, about the major news stories this past week (week ending August 11, 2023) in the commercial real estate industry: Stories we cover today: 1. Urban doom loop. 2. New deals on offer at 24% IRR's - you've got to be kidding! 3. Even multifamily is facing peril Articles we refer to: https://www.forbes.com/sites/zengernews/2023/07/31/for-commercial-real-estate-investors-urban-doom-loop-is-both-crisis-and-opportunity/ https://therealdeal.com/national/2023/08/10/wework-bankruptcy-would-ripple-across-real-estate-industry/ https://www.realtymogul.com/investment-opportunity/2485683?sfmc_id=20436034 https://www.crowdfundinsider.com/2023/08/211163-crowdstreet-comments-on-critical-wsj-report-represents-an-incomplete-view-of-deal-performance/ https://www.wsj.com/articles/a-real-estate-haven-turns-perilous-with-roughly-1-trillion-coming-due-74d20528

Today's guest is Beth Underhill.   As a real estate investor, Beth has redeveloped over $5mm in single family homes. Lifestyle Equities Group is Co-GP on over 500 multifamily units, 126-bed student housing, and holds equity in a hotel repositioning in Panama along with an RV park in NE Ohio. -------------------------------------------------------------- Intro [00:00:00]   Beth's start in real estate investing [00:00:54]   Beth's favorite property - The Boulevard [00:02:36]   The strategy of pushing rents [00:12:26]   Opportunity in the hotel business [00:14:12]   Airbnb arbitrage strategy [00:19:33]   The Importance of Reviews and Subscriptions [00:22:48]   Closing [00:22:46] -------------------------------------------------------------- Connect with Beth:  Linkedin: https://www.linkedin.com/in/bethjanuzziunderhill/  Instagram: https://www.instagram.com/investingwithbeth/  Facebook: https://www.facebook.com/TheBethUnderhill Web: www.lifestyleequitiesgroup.com  www.lifestyleventuresgroup.com   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Beth Underhill (00:00:00) - So most people think of student housing of Animal House, you know, kids, you know, getting drunk, destroying property, etcetera, etcetera. And that's really just not what it is. And, you know, these these properties, I mean, they're set up. They're they're beautiful. They're better than, you know, sometimes even people's own homes.   Sam Wilson (00:00:19) - Welcome to the How to scale commercial real estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big. Beth Underhill has redeveloped over $5 million in single family homes. She's also a coach on multifamily student housing and hotels. Beth, welcome to the show.   Beth Underhill (00:00:42) - Thank you so much for having me. Glad to be here.   Sam Wilson (00:00:44) - Absolutely. Bet the pleasure is mine. There are three questions I ask every guest who comes on the show in 90s or less. Can you tell me where did you start? Where are you now and how did you get there?   Beth Underhill (00:00:54) - Certainly so started in 2018, attended a single family fixing flip workshop and that led us to developing or redeveloping, I should say the $5 million of single family homes pivoted in 2021 to commercial real estate, hopped on a ton of Facebook groups, started meeting people, connecting, creating different partnerships.   Beth Underhill (00:01:17) - And that has led me to where I am at today with multifamily properties, student housing properties, hotels and um, and yeah, that's where I'm at today.   Sam Wilson (00:01:29) - That's a lot, a lot of movement in a very short period of time. What have been some of the primary driving motivators for the different assets that you've gotten into diversification.   Beth Underhill (00:01:41) - Number one. Number two, it's really through the strategic partnerships I have. I've always had an affinity for the hospitality industry. I used to be in it many, many years ago. So hotels and the the opportunity to be able to travel to a variety of different places and and see those places, obviously, you know, if you go visit a multifamily property, great. But you know, why not go visit Panama, Central America and actually vacation at the same time, too. So part of it is has been the partnerships, part of it is just been my affinity for for other types of assets. And some of it's just, you know, sort of falling into my lap and and I've just run with it.   Sam Wilson (00:02:27) - So that's awesome. When you look at your portfolio today, which which of yours is your favorite and why?   Beth Underhill (00:02:36) - Um, my current favorite is probably the Boulevard, which is in Milledgeville, and it's 126 bed student housing property. It's just an absolutely gorgeous property. Um, cottage style homes in which the students can live in. And interestingly enough, as we started to acquire this particular asset, I sent my daughter off to college for her freshman year. So I was able to to really understand more about, you know, the assets themselves and what they can provide for students either in there. And generally speaking, you're not an off campus student in your first year. However, with some of these colleges and universities having an overload and not enough student housing, you can be a first year student and be off campus. So it was really important to me to make sure that, you know, we were buying an asset that was going to provide an environment that and I kept thinking in the back of my mind, okay, if this were my daughter and if this was me as a mom paying for this particular, um, room or whatever you want to call it, you know, would I be okay with it? And and absolutely.   Beth Underhill (00:03:53) - It's a newer build. The developer was, you know, just like most developers, they don't want to be operating property after they've developed it. So once you developed it leads to that but held on to it for a few years and then decided to sell it. And that's where we came in and scooped it up.   Sam Wilson (00:04:09) - That's really fascinating. So Milledgeville, I don't know many milledgeville's, but I'm sure I could find it. Where is Milledgeville?   Beth Underhill (00:04:17) - It's in Georgia.   Sam Wilson (00:04:18) - Georgia. Okay. Okay. Very, very cool. This deal came to you. How did the deal come to you? Like, how did it present itself?   Beth Underhill (00:04:26) - Sure. So I am. I actually am marketing director for a group, MTN Investment Group. And so through that particular alignment, I was I was part of the deal. This came to us off market. Luckily we have on our team someone who he comes from Landmark Properties, which is one of the largest student housing property developers, as well as property management companies. So through some of his pipeline resources and so forth, this deal came to us and that's how we were able to to acquire it.   Sam Wilson (00:05:06) - That's really cool. Many people are especially, you know, coming on the heels of. The pandemic. We're afraid of student housing. It's like, Oh, okay, cool. Well, then three seconds later, your whole building can be vacant and then there's going to be, you know, abatements on everything. Lisa I'm not the right word, but, you know, income is going to cease. Like, what are some of the risks in student housing? How are you guys overcoming those and or. Yeah, I'll just start there then.   Beth Underhill (00:05:36) - Yeah, absolutely. I think we learned a lot with Covid. Right? And what we did learn is that students can still be in these types of environments. Like for instance, this particular property, it is the cottage houses are 4 or 5 and six bedroom. So it's just like living in a house, right? So each student can have their own bedroom, their own bathroom. There's just the common area with the living space, the kitchen and so forth.   Beth Underhill (00:06:06) - And what we learned with Covid is that these students can can survive and thrive. Actually, still going to school through Zoom classes may be a hybrid type scenario. I know my daughter, she has some online classes still, and she actually attends the University of Kentucky, so she's physically there. But some of her classes are online, some of them are hybrid, which is a combination of online and going to to the physical classroom type setting. So I think that, you know, if we were ever to encounter another pandemic like that, we're more prepared to be able to handle this sort of thing. And I don't think we would necessarily see that happening. But a lot of the assets that we are purchasing are set up this way. A lot of the assets in student housing, I should say, are set up this way so that the the students themselves have individual rooms. It's almost like a studio apartment or almost like a one bedroom apartment per se. So they can still live there. They can still function and they can still attend school.   Beth Underhill (00:07:15) - So that is one risk that I think has been minimized more. So, you know, one of the things that I love about student housing is that like myself, as soon as my daughter moves off campus, you know, I'm going to be footing the bill for for anything off campus. Right? I'm it's my credit card that's on file. It's my Social Security number. It's my credit that's at risk. And and that's the beautiful thing about student housing. You know, most people think of do you ever remember the the movie Animal House?   Sam Wilson (00:07:46) - Yeah, it rings a bell. But I couldn't tell you to think about it.   Beth Underhill (00:07:48) - Okay. So most people think of student housing of Animal House, you know, kids, you know, getting drunk, destroying property, etcetera, etcetera. And that's really just not what it is. And, you know, these these properties, I mean, they're set up, they're they're beautiful. They're better than, you know, sometimes even people's own homes. Um, so from the standpoint of, you know, mom and dad paying for things right now, you know, the markets that we are purchasing them and you know, the the occupancy is 100%.   Beth Underhill (00:08:20) - We have waiting lists on some of our properties. So there's a shortage out there for student housing. And and that's what we're finding. And we're taking advantage of it right now, capitalizing on it.   Sam Wilson (00:08:30) - What's the difference between what you guys are providing? I'm thinking about here, you know, like the University of Memphis, they're constantly building student housing, dorms, giant facilities, I mean, brand new stuff. How do you compete with that? You know, I mean, I don't understand this entirely. So I'm assuming that's that is university owned versus what you guys have obviously privately owned. How do you compete with those things that the university seeming they seem to be in the space pretty heavy. So how do you compete with them?   Beth Underhill (00:08:58) - Well, and that's that's one thing that you know, you as you are going through your due diligence, that's one thing that you do have to research and ensure that the university itself is not going to take away from, you know, the actual property that we're physically buying.   Beth Underhill (00:09:17) - But a lot of kids, they want to live off campus. You know, I know sort of the path for my daughter is first year on campus, second year in her sorority, third and fourth year off campus. She already has girlfriends that are living off campus and they're heading into their sophomore year. And so that's just the general trend. There's only so much housing and land that these universities have depending on where they're at. So they can only go so far with what they can build. But a lot of them are going through renovations because they're trying to honestly, they're trying to keep up with what's being built off campus. Right.   Sam Wilson (00:09:52) - Right. Absolutely. How does the return profile compare from student housing to say, I don't know, A, Class B, multifamily.   Beth Underhill (00:10:01) - Uh, actually, it's pretty competitive. What we're finding right now with some of our deals, we're at right around 18% IRR. About six, I'm sorry. 8% cash on cash, A2X equity multiple. And this is with a five year hold.   Beth Underhill (00:10:20) - So fairly competitive. The one thing I do love about student housing is that these properties, they're leased up ahead of time, right, going into the school year. Most of them, you know, they've already been leased up. They're cash flowing from day one. You have to sign a 12 month lease. So parents are paying for 12 months regardless of whether or not, you know, the kids are living there for three months over the summertime, but a lot of them are subletting and so forth. So so they're able to get a little bit of that money back into their pocket. But but really, you know, we just first quarter after taking over this property in Milledgeville, we actually sent out distributions to our investors already. So and that's not typical of, you know, a value add play.   Sam Wilson (00:11:08) - It's not. You're absolutely right. It's not. Tell me about. I guess once the school year starts, your occupancy is is probably doesn't change a whole lot throughout that school year. I mean, it doesn't.   Beth Underhill (00:11:22) - Unless, you know, a student, something happens to a student, maybe illness or they drop out of school for whatever reason, something changes. But generally speaking, no. And then we do have a wait list. And unless there's some extenuating circumstances, you know, the parents are still paying for that lease for the entire year. Right.   Sam Wilson (00:11:42) - Oh, that's really, really cool. Yeah. I love the idea of 100% occupied. I think you said is one of the one of the properties that you got. Are there any concerns on that front? You know, I've heard it said and you know, we only own a couple of multifamily assets and I'm not the I'm not the operator on it. So, you know, don't have direct exposure to it. But commonly been said like, hey, if you're 100% occupied, it means you're probably not priced correctly in the sense that. You know, maybe. Maybe, you know, better, better be 94% occupied and, you know, have a higher rent across the whole portfolio or the whole asset than maybe having 100% occupied, but getting less on the rent side of things.   Sam Wilson (00:12:21) - Anything? Anything. Does that strike anything on what you guys are working on right now, or am I just completely off?   Beth Underhill (00:12:26) - No, no, no. Absolutely. We are going to be pushing rents. We have already started pushing rents. In fact, this property in Murphysboro that I mentioned, which is near, of course, Middle State, Tennessee University. Um, it you know, the the current owner he was not pushing the rent until we came along and said, hey look, here's our business plan. This is what we plan to do when we take this asset over. So towards the end of his lease up, he started actually pushing the rents to where we want them to be. And he was getting and he was getting the rents, which was proving to us and him that, you know, our business plan is going to work because people were were biting on those rents. And given the fact that we have 63 people right now on a waitlist for that particular property, I think we're going to be okay.   Sam Wilson (00:13:16) - Yeah, absolutely. Yeah, that's a strategy I've heard before that I really like, which is to make. And it was a it was a mobile home park operator that came on the show maybe a year ago and talked about that, how they would in their contracts, all their contracts, they require the current seller to start raising rents ahead of clothes and they make him the bad guy, like, hey, all right, well, they raised rents and then when they come in, they've already got even more property, already more stabilized than it was when they went under contract, which is which is really, really cool. I love that. Okay, cool. So you see awesome opportunity in student housing. We talked about that. Murfreesboro, you've got a property down in Georgia and then we haven't really talked about hotels. I know we talked about this slightly there in the intro recently, like hotels, you like being able to go where you are, vacation in places that you already own. Tell me tell me about the hotel business and kind of where you see opportunity on that front.   Beth Underhill (00:14:12) - Absolutely. So, you know, obviously, Covid presented a fairly significant opportunity for people to come in and and kind of swoop in to some of these hotel assets. There were a lot of tired owners, particularly in the Caribbean, and that's where we have been looking quite a bit. And this is with a different partnership than what I was speaking of previously with the student housing properties. But but these owners are tired. They weathered the storm. They got through it, and now they're they're like, okay, it's time for us to retire. It's time for us to move on from these properties. And so that's where people like ourselves come in. And we've been talking to some of these owners and been able to successfully take on some of these properties that are in the Caribbean. So I'm part of a deal that's in Panama, Central America. We have a master lease agreement on that. We're looking to actually end that master lease sooner than five years. It was a five year master lease. We're looking to end that sooner than five years and actually just finance the owners out of it and be able to take on the property.   Beth Underhill (00:15:25) - Sometimes what happens with the mass release is that you are you still have to you know, you're still in a partnership, so to speak, with the current owners, and you have to get permission to do certain things. And when you're not necessarily aligned, it makes for a difficult situation. So the sooner we can get them out, the better, right? So that's what's going on there. We have another property in Antigua that we are working to solidify. And the this particular property at 75 keys, cash flowing, it's it's crazy cash flowing. They're running occupancies as high as 80, 85%. And they closed down four months out of the year. So it's nuts. Absolutely nuts. And they're one of the few properties that closes for months out of the year. Generally speaking, you're going to find in the Caribbean maybe properties that will close down like 1 or 2 months. The the the two most dangerous months, let's just say, when it comes to the hurricane season. But they've chosen to do four months because they're actually from Italy and they like to go back to Italy to take a break from just running the hotel.   Beth Underhill (00:16:33) - So they the owners there are a couple and their in their 80s and they're like, you know what? We just we just want to be done. We want to continue to travel the world, go back to Italy whenever we want to. And so that those are, you know, the owners that, you know, we are we are looking more for. And the beautiful thing about it is that their properties are paid off. So they're more open to seller financing. They understand that, you know, to to be able to obtain financing actually in. In the Caribbean is going to be challenging. So therefore, they're willing to carry the paper. It just might mean that you have to come to the table with a larger chunk of money that you might want to. However, to be able to and I'll just know this is an example on a $5 Million property, maybe you come to the table with, you know, 1 million and they carry the paper for 24 to 36 months. But on a cash flowing asset, you can easily pay that back and and kind of have them out of there at least, you know, maybe two years.   Beth Underhill (00:17:41) - So. Wow.   Sam Wilson (00:17:42) - Wow. That's really cool. What's I mean, what are some of the challenges I'm thinking both from an international investment standpoint, from staffing, internationally, employment. I mean, there's just a lot of hurdles to get over. You know, I'm I'm projecting here, but I'm thinking, okay, 70, 75 keys, I think is what you called it.   Beth Underhill (00:18:01) - Keys.   Sam Wilson (00:18:01) - Yeah, 75 keys. So it's so what's what are some of the challenges you faced operationally on a hotel like that?   Beth Underhill (00:18:09) - Um, operationally, I would say probably the biggest challenge is just getting supplies, especially if you want to do any kind of renovations. You know, you're relying, you know, down in the Caribbean, they're relying heavily on places like the United States to actually, you know, for material shipments, etcetera. So I think that's more of the challenge. You know, a lot of these operators have very loyal staff that has been in place for a long period of time. They like their jobs sometimes.   Beth Underhill (00:18:41) - These are the only available jobs in and around these areas. So they're going to keep them right. And if if new ownership comes in and treats these individuals exactly like they've been treated all along, the chances of them going anywhere are are usually very small relative to what we see up here in the United States. It's it's not where in the United States sometimes it's start a job. You know, you're there for three weeks, you don't like it and then you quit. You know, they need those jobs there. And it's you know, they're such small communities. Work can get around that much quicker than it can, you know, up here. So.   Sam Wilson (00:19:22) - Oh, that's very cool. I love that. I love that. So you see opportunity in hotels, student housing. What else do we talk about there? There was something else we talked about that.   Beth Underhill (00:19:33) - Um, we talked about some multifamily, but I also have an Airbnb. It's an Airbnb arbitrage. So and this is in Fort Lauderdale.   Beth Underhill (00:19:42) - We just came back there. We just came from there actually visiting our own Airbnb arbitrage. We wanted to do some things to it, add some, um, add some items to the Airbnb that we thought maybe from an amenity standpoint would be necessary. But it was nice to actually be in our own environment and, and know that, okay, this is what we're providing to other people. This is great. How can we improve it and so forth. But again, it's in an area that we like to frequent. We like going to Florida. I live in Cincinnati, Ohio, So, you know, not a bad option to be able to head down. I mean, you know, it's so funny because, you know, you kind of think to yourself, oh, we don't have to pay for hotel room. We're we're paying, you know, this is kind of free, but it's really not free, right? I mean, when we arbitrage something, I mean, we're actually paying to rent the property and the owner is allowing us to turn around and Airbnb this out.   Beth Underhill (00:20:40) - So that's a.   Sam Wilson (00:20:41) - Pretty unique strategy. I like I like that strategy. But it seems like you have to find the right owner that doesn't want to Airbnb and or manage and or even hire a third party management company to do it themselves in order for that to work. How do you go about locating an owner of an Airbnb that is open to the arbitrage strategy?   Beth Underhill (00:21:02) - Um, you talked to a lot of owners, to be honest with you, because not all of them that are renting their properties out are going to be open to to that. However, you know, when you look at the Florida market, it is it's a busy market and places like Miami were becoming very saturated with Airbnb. Um, if you look at kind of that Southeast, you've got Miami, Fort Lauderdale up to Boca Raton. Boca doesn't even allow Airbnbs at all. So, so Fort Lauderdale, you know, falls in the middle. Um, and you know, when we went down there, let's see, I think it was towards the end of January, we visited numerous locations and talked to plenty of owners and finally found one that said, You know what, Yeah, I'm totally open to it.   Beth Underhill (00:21:48) - But, you know, the contract, of course, is going to make you all reliable or responsible, I should say, for anything that happens to this. And we have I think we have a very fair contract. He's making money. We're making money. It works out for everybody.   Sam Wilson (00:22:04) - So that's that's great. I love it. I love all the things you're in or that you're investing in. I love the diversification, the the commitment to each one for their own unique reasons. That's really, really cool. Certainly appreciate you taking the time to come on the show here today. Beth, it's been a pleasure having you on. If our listeners want to get in touch with you and learn more about you, what is the best way to do that?   Beth Underhill (00:22:24) - They can email me. Beth at Lifestyle Equities group.com or they can follow me on Instagram at investing with Beth on TikTok same handle at investing with that or you can text me (513) 470-1078.   Sam Wilson (00:22:40) - Awesome. We'll make sure we include all of that there in the show notes that.   Sam Wilson (00:22:43) - Thank you again for coming on today. I do appreciate it.   Beth Underhill (00:22:46) - You're welcome. Thank you.   Sam Wilson (00:22:48) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.

Nickel briefly popped through $22,000 (10/lb) and remains in the upper end of $20,000-$22,000 where it has been sitting for the last 6 weeks. LME inventories remain low at 37-38,000 tonnes. Sulphate prices are flat and sitting at a similar discount as last week. In contrast, ore prices and NPI prices ticked higher in China – haven't seen a rebound in stainless prices yet.  May be driven by rumours that China SRB is stockpiling some nickel.The big news of the week:Saudi Arabia is investing $US3.4 billion for a 10% stake in Brazil's Vale base metals business – good to see the Middle East $$ in the sector.Australia going to include nickel in the critical minerals list.Potential for Russian nickel to be subject to sanctions in UK/Europe in the upcoming year – think a lot of people choosing not to use it, but if implemented, a little more challenging given that nearly ½ of Russian nickel used to end up in Europe.Magna Metals PEA on Crean Hill/Denison project picked up earlier in the year from Sibanye – unfortunately share price was off by about 15% (but had popped up 10% in the week before). Metrics on IRR and NPV are both good at $C200 million and 22% IRR with a 15-year mine life mining 1.5-2 Mtpa of ore for a few years with an open pit and then 1.25 Mtpa underground operation with roughly 10ktpa of nickel production.  However, the market reacted negatively for a couple of reasons with capital cost being the primary one:- Total of CAD$129 million including $48 million of “advanced exploration” costs, $24 million in open pit costs, and $57 million in underground capital. Think the market was expecting was going to be open pit restart and then underground so was a little surprised at the total amount.- They had some pretty splashy high-grade intervals but the life of mine grades are 0.6% nickel, 0.6% copper and over 1g/t PGMs so some investors were probably expecting some more grades to pop out.- The third reason was valuation – at $0.75/share has a market cap of $120 million versus the value for the project at $C200 million (and they also have Shakespeare) – which is a pretty healthy P/NAV in the industry sector that is struggling.A good example of challenges with high grade – can be narrower, less continuous = more drilling capital, particularly if has to be done underground.Widgie Nickel had nice step-out results and infill drilling100-metre step out Eastern Limb MEDD069 29.0m @ 1.66% Ni from 79m Incl. 5.0m @ 3.23% Ni from 88m.  Widgie Townsite MEDD061 30.85m @ 1.59% Ni from 435m Incl. 13.43m @ 2.74% Ni from 449.7m And 3.36m @ 3.27% Ni from 471.3m.Our Timmins neighbour had updated resources from their W4 higher grade deposit:Measured + Indicated Resources of 31.3M pounds at 0.98% Ni (2.1x the 2010 historical estimate) and Inferred Resources of 12.1M pounds at 0.98% Ni (3.6x the 2010 historical estimate) – about 40% of that in open pit and balance underground resource.

Welcome to episode #131 of the Eye on AI podcast with Andrew Ng. Get ready to challenge your perspectives as we sit down with Andrew Ng. We navigate the widely disputed topic of AI as a potential existential threat, with Andrew assuring us that, with time and global cooperation, safety measures can be built to prevent disaster.  He offers insight into the debates surrounding the harm AI might cause, including the notions of AI as a bio-weapon and the notorious ‘paper clip argument'. Listen as Andrew debunks these theories, delivering an interesting argument for why he believes the associated risks are minimal.Onwards, we venture into the intriguing realm of AI's capability to understand the world, setting the stage for a conversation on how we can objectively assess their comprehension. We explore the safety measures of AI, drawing parallels with the rigour of the aviation industry, and contemplate on the consensus within the research community regarding the danger posed by AI. (00:00) Preview (01:08) Introduction (02:15) Existential risk of artificial intelligence (05:50) Aviation analogy with artificial intelligence (10:00) The threat of AI & deep learning   (13:15) Lack of consensus in AI dangers  (18:00) How AI can solve climate change (24:00) Landing AI and Andrew Ng (27:30) Visual prompting for images Craig Smith Twitter: https://twitter.com/craigss Eye on A.I. Twitter: https://twitter.com/EyeOn_AI Our sponsor for this episode is Masterworks, an art investing platform. They buy the art outright, from contemporary masters like Picasso and Banksy, then qualify it with the SEC, and offer it as an investment. Net proceeds from its sale are distributed to its investors. Since their inception, they have sold over $45 million dollars worth of artwork And so far, each of Masterworks' exits have returned positive net returns to their investors. Masterworks has over 750,000 users, and their art offerings usually sell out in hours, which is why they've had to make a waitlist. But Eye on AI viewers can skip the line and get priority access right now by clicking this link: https://www.masterworks.art/eyeonai Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. See important Masterworks disclosures: https://www.masterworks.com/cd “Net Return" refers to the annualized internal rate of return net of all fees and costs, calculated from the offering closing date to the date the sale is consummated. IRR may not be indicative of Masterworks paintings not yet sold and past performance is not indicative of future results. Returns shown are 4 examples of midrange returns selected to demonstrate Masterworks performance history. Returns may be higher or lower. Investing involves risk, including loss of principal.  

Download our RETIRE WITHIN 10 Bundle: https://www.RETIREWITHIN10Bundle.com/This bundle will help you strategize how long you can replace your active income with passive income and lay out the exact methods to get you there faster. (Spoiler: Most can get there within 3 - 7 years with the right plan in place)If you like our content, please give us a rating on the platform you're listening on!Get in touch: Justin@PresidentsClubInvestors.com and let me know what topics you'd like me to cover or what guests I should have on.Check out our investing firm: https://www.PresidentsClubInvestors.com/Want to invest with us? Schedule a brief call here: https://calendly.com/justin-732/investor-callIf you've been looking at investment decks lately, you might have noticed a typical return structure popping up more and more. In this post we'll talk about how savings rates have influenced private placement returns & deal structures.Key Highlights:[0:47-1:46] Savings Account Rates Influence Real Estate Returns: Historically, savings account rates have been low, ranging from 0.01% to 0.2% from 2009 to 2020. However, since interest rate hikes in 2022, savings rates have increased, with some high-yield savings accounts offering up to 5% returns. This increase in savings rates affects how real estate operators structure their returns when the Federal Reserve raises the federal funds rate. [2:37-3:28] Investor Decision-making: The higher savings account rates create a dilemma for investors. They now have the option of investing in a 100% liquid and safe savings account with a 5% return or a pr