Podcast appearances and mentions of leslie awasom

Leslie Awasom began real estate investing in 2017 with single-family homes before transitioning to multifamily investing in 2019. Since then, the firm he co-founded, XSITE Capital, has purchased 838 units, valued at $168 million.   Learn More About Leslie Here: - Website: https://xsitecapital.com/ - Beyond 9 to 5 Club: https://www.beyond9to5club.com/ Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ Learn How To Invest In Real Estate: https://www.SyndicationSuperstars.com/  ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/

Welcome back to The Cashflow Project! Today, we're joined by Leslie Awasom, Co-founder of XSITE Capital Investment LLC, who shares his journey from nurse anesthetist to full-time entrepreneur. Leslie discusses the current multifamily market, his team's acquisition strategies, and the opportunities in discounted properties. He also highlights the importance of understanding your "why," conservative underwriting, and the value of community in real estate. Tune in for valuable insights, motivation, and advice to help you take the next step toward financial freedom! [00:00] Pursued real estate investing for work-life balance. [06:29] Transitioning from residential to commercial real estate challenges. [07:46] Partners enable exciting investment opportunities for immigrants. [11:48] Creating passive income for more family time. [15:38] Slow deal flow; stayed disciplined, focused acquisition. [17:19] Interest rate spike creates buyer's market opportunity. [22:17] Educating investors through meetups and underwriting classes. [23:29] Networking community for education, income diversification, growth. [29:39] Takes longer due to property distress issues. [31:56] Superpower: Mentoring others to realize their potential. [34:52] Overcome fears, network boldly, embrace opportunities. [37:59] Meetup in Honolulu; connect and subscribe online. Connect with Leslie Awasom! Website LinkedIn Connect with The Cashflow Project! Website LinkedIn YouTube Facebook Instagram

And I agree! Whoever picks you up at the airport when you land can have an exponential effect on how your perspective of your new country. Cheers to Uka and Adanna Osaigbovo. My family and I owe you both. But back to Leslie Awasom, I've probably said this too many times, but he's an immigrant rocketship. And this episode is chock-full of stories and lessons. Leslie joined me on The Newcomers Podcast to chat about:* Dealing with depression after the Y2K crash incinerated his computer science dream* Getting into a serious car accident and switching to Nursing once he was able to stand on his two feet* Meeting his business partners, Tenny Tolofari and Dr. Julius Oni* Why they named the business XSITE Capital* How he deals with failure, and a ton of other useful tips for immigrant entrepreneurs. This was a good one. And if you're an immigrant looking to start a business, here's a tip from Leslie —> “Confidence comes with action.”Did you find this interesting? Please share with someone else who might find it helpful.Did you read it?If you got this email in error or no longer wish to receive emails from The Newcomers Podcast, Substack has a sweet and easy way to unsubscribe. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thenewcomerspod.com

You'll surely get motivated to start your real estate investing journey when you listen to this episode with Leslie Awasom!Leslie shares the things that made him quit his job in the medical field to shift into investing, his success in the multifamily space, strong partnerships, the value of mentorship, his continuous growth, and his passion for guiding aspiring investors. Key Points & Relevant TopicsWhat made Leslie changed his career path and life trajectorySteps Leslie had to take to get educated and learn about real estate investingThe importance of learning from mistakesWhy you should have the right mentor when transitioning to multifamily investingThe role of personal branding and networking to succeed in capital raisingLeslie's approach to overcoming his impostor syndrome The core values that contributed to Leslie's growth and success in real estateResources & LinksApartment Syndication Due Diligence Checklist for Passive InvestorAbout Leslie AwasomLeslie is the Director of Operations and Co-founder of XSITE Capital Investment LLC. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie is a trained Nurse Anesthetist and entrepreneur who lives in Hanover, Maryland. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future. Leslie is a husband, father of two beautiful girls and a son and loves to spend his spare time reading and flying drones. Get in Touch with LeslieWebsite: https://xsitecapital.com/ LinkedIn: Leslie Awasom, CRNAFacebook: Leslie AwasomInstagram: @leslieawasomTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

In this episode of the "Investing RN" podcast, Leslie Awasom shares his unique journey from his roots in Cameroon to becoming an influential name in the US real estate and investment market. As a nurse anesthetist turned investor, Leslie details his career transition, the challenges of migrating to a new country, and how he overcame adversity to achieve financial success. This episode is essential listening for nurses and healthcare professionals seeking inspiration and practical advice on navigating the investment world to achieve financial independence. Tune in on all major platforms to discover how you can diversify your income sources and invest with confidence."Embracing change and seizing opportunities in real estate has not only transformed my career but also my perspective on achieving financial freedom beyond traditional paths." - Leslie AwasomWhat you'll learn:(00:00) Highlight(01:19) Introduction(03:23) Transition to U.S.(06:43) Discovering Real Estate(09:10) First Property Story(10:45) Building Excite Capital(13:59) Overcoming Challenges(19:24) Future Plans(25:06) Importance of Education(30:14) Personal Development(31:19) Investment Lessons(41:19) Entrepreneurial Journey(46:19) Work-Life Balance(51:19) Advice for Beginners(56:19) Reflecting on Success(01:00:19) Closing Thoughts(01:01:51) ConclusionMeet the guest:  Meet Leslie Awasom, a Cameroonian nurse turned US real estate mogul and co-founder of Excite Capital. His journey exemplifies resilience and innovation, navigating the complex investment world. Discover how Leslie transforms challenges into opportunities, leading healthcare professionals to financial independence. Dive into his inspiring story on "Investing RN."

In this empowering episode, we sit down with Leslie Awasom, the Director of Operations and Co-founder of XSITE Capital Investment LLC. Leslie's journey is a remarkable testament to the power of determination, adaptability, and challenging limiting mindsets. Originally from Cameroon, Leslie's path led him to the United States, where he initially pursued a computer science degree. However, the financial crisis of the time prompted a crucial re-evaluation. Leslie shares how he navigated this pivotal moment in his life, highlighting the importance of adapting to change. Listen in as Leslie discusses the significant mentors who shaped his journey and guided him toward successful real estate investments. With $168 million worth of multifamily real estate under his management, Leslie's insights into entrepreneurship and wealth-building are invaluable. As a trained nurse anesthetist with a Master's in Nurse Anesthesia, Leslie exemplifies the power of diversifying skills and interests. Discover how he balances a thriving career, entrepreneurship, and family life. Join us for an inspiring conversation that challenges the mindset that limits us and learns from Leslie's entrepreneurial wisdom. Whether you're interested in real estate, entrepreneurship, or personal growth, this episode offers valuable insights and motivation for all. Things You Will Learn in This Episode: [00:00 – 05:30] Introduction and Guest Introduction Introduction to Leslie Awasom, his background, and his migration journey to the United States. Early aspirations in computer science and the impact of the 2008 global financial crisis. [05:30 – 15:45] Pivoting Career Paths Leslie's realization of the limitations of the traditional 9-to-5 corporate structure. His quest for financial independence and the beginning of his journey into investing. Broadening horizons beyond a career confined by societal norms. [15:45 – 30:20] Embracing Real Estate Investment Leslie's transition from single-family to multifamily real estate investing. Experiences at conferences and challenges faced as a minority in the industry. Insights into the multifamily real estate investment process. [30:20 – 45:00] Entrepreneurship and Mindset Leslie's ventures into entrepreneurship, including E-commerce and a Wellness Clinic. The importance of cultivating a growth mindset and challenging limiting beliefs. Valuable lessons learned and shared gems on building wealth. [45:00 – 55:00] Empowerment and Final Thoughts Encouragement for the youth to pursue their dreams and contribute to solving Africa's challenges. The significance of supporting and uplifting one another in the journey to success. Final words of inspiration and empowerment from Leslie Awasom.   Connect with Leslie Awasom: Email: lawasom@xsitecapital.com Website: www.xsitecapital.com Instagram: @leslieawasom   This Episode is brought to you by Living Financially Free:    In our community, financial stability is often overlooked as a priority. Hence, it becomes crucial to understand how our money works; its growth, and the methods to build generational wealth and establish a lasting legacy. If you envision a financially free life for you and your family, visit www.livingfinanciallyfree.info to speak with an agent who can guide you further.   LEAVE A REVIEW and tell us what you think about the episode so we can continue putting out the best content just for you! Connect with Living African Podcast: You can connect with us on Facebook, Instagram, YouTube, or Twitter, or send us an email at hello@livingafricanpodcast.com. Check out our website www.livingafricanpodcast.com for more resources and to learn more. Connect with host, Anyoh: You can connect with Anyoh on Facebook (@anyohf), Instagram (@anyohfombad), and Twitter (@anyohfombad).

What does it take to do a multi-million dollar multifamily deal - and what contributed to its success: the market or the operator? My guest today is Leslie Awasom - the Director of Operations and Co-founder of XSITE Capital Investment who owns and manages $168 million worth of multifamily real estate.  Today, we're discussing the ins and outs of a multi-million dollar real estate deal he went full cycle on. But that's not all…  During our conversation, Leslie also confronts the question of whether success is more so thanks to the market or the skill of an operator.  During our conversation, Leslie also shares:

What does it take to do a multi-million dollar multifamily deal - and what contributed to its success: the market or the operator? My guest today is Leslie Awasom - the Director of Operations and Co-founder of XSITE Capital Investment who owns and manages $168 million worth of multifamily real estate.  Today, we're discussing the ins and outs of a multi-million dollar real estate deal he went full cycle on. But that's not all…  During our conversation, Leslie also confronts the question of whether success is more so thanks to the market or the skill of an operator.  During our conversation, Leslie also shares:

Leslie is the Director of Operations and Co-founder of XSITE Capital Investment LLC. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie is an entrepreneur and real estate investor. Leslie started investing in single family real estate in 2017 and transitioned to multifamily investing in 2019. Leslie and his partners at XSITE Capital Investment LLC, currently own and manage $164 million worth of Multifamily real estate. In 2021, Leslie also founded an E-commerce company and Co-founded a Wellness Clinic, in Baltimore, Maryland. He is a trained nurse anesthetist and obtained his MSc in Nurse Anesthesia from the University of Maryland Baltimore. Leslie has a passion for building business and enjoys adding value to individuals interested in growing their wealth and changing their financial future. Leslie is a husband, father of two beautiful girls, a son and loves to spend his spare time reading, volunteering and flying drones. *DISCLAIMER - We are not giving any financial advice. Please DYOR* (00:00 - 02:01) Opening Segment - Leslie is introduced as the guest Host - Leslie shares something interesting about himself (02:01 - 18:20) Navigating the Current Multifamily Market - Current lending options - current trends, and changes to underwriting to protect yourself (18:20 - 23:11) Fire Round - Leslie shared if he would change his investment strategy - Leslie also shares his favorite Finance, real estate book, or any related book - Also Leslie shared about the website and tools that he can recommend - Leslie's advice to beginner investors - Also shared how he gives back (23:11 - 24:11) 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

So far, with the Think Outside The Stocks podcast, you heard about how you can invest passively in Commercial Real Estate and set your cash flow on autopilot. But what really happens when the rubber meets the road? In this episode, we will talk about a Real Life Case Study with our strategic partner, Leslie Awasom, Director of Operations and Co-Founder of XSITE Capital Investment LLC.As a Healthcare professional, Leslie also highlights that despite healthcare jobs being among the highest-paying occupations in the U.S., like any job there is, it doesn't come with a guarantee that you won't lose that job when another financial crisis hits and your hard earned money in volatile investments like the stock market can put your retirement at risk. We talk about passive investing for healthcare professionals with a real-life case study of our first deal together with our guest to discuss:How we went through 300+ deals to find a needle in the haystack Why we liked this investment.Our Business Plan What actually happened  (including FIRE!)How passive investors stayed completely passiveWhy did we exit in 19 months instead of 5 years? How did we hit it out of the park and also save on taxes for our investors?Please note: past performance is not representative of future numbers. The projections and the returns are based on individual property, the market, and several other conditions. If you want to consider investing with guests on the show, please perform your own through partner and investment due diligence  Who is Leslie?Leslie is the Director of Operations and Co-founder of XSITE Capital Investment LLC.  He manages the company operations, market/data analysis, cash flow, and budget analysis. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie is a also a trained Nurse Anesthetist. who lives in Hanover, Maryland. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland, where they provide resources and add value to individuals interested in growing their wealth and changing their financial future.How to connect with Leslie:Website: https://xsitecapital.com/Think Outside The Stocks brings you industry experts and guests to share their knowledge and expertise. To invest with them directly, please do your own thorough partner and investment due diligence.To participate in the thoroughly vetted investments and strategic partners alongside us as our passive partners, join our Investor Inner Circle for FREE Access FREE investor education, and join our community in the members-only area.To start your journey, download Active Cashflow with Passive Real Estate Investments.Read the full description at https://thinkoutsidethestocks.com/podcastCONNECT WITH MADHAVI JAIN: LinkedIn, FB or IG Disclaimer: This podcast is for education and information purposes only, not an investment opportunity or financial advice. Please do your own due diligence and consult your tax, legal or financial advisor, etc., to invest.

Constant persistence in real estate drives wealth growth and changes in the financial future. In this episode, Leslie Awasom talks about the three keys to becoming successful in the field of multifamily. He shares how Xsite Capital has grown its partners and has acquired over $160M in real estate assets. Listen in as Leslie provides valuable insights into the practical steps Xsite has taken to achieve favorable outcomes and as she emphasizes the importance of giving. Tune in now to learn more about Leslie's story and Xsite Capital's success. Listen now!Key Points From This Episode: Leslie talks about his hobby of flying drones.Leslie shares what has changed in Xsite Capital in the past two years.Leslie details how Xsite Capital grew from two partners to three and acquired $160 million of real estate assets.The one thing that Leslie is very proud of in the past three years is they provided education on real estate to over a thousand people.What are the specific practical steps that Xsite has taken that have led to its favorable outcomes?Leslie talks about the importance of giving.Tweetables:“Number one is persistence. And we've been very persistent in going after this asset class or building this platform.”“I will say the three keys to success are to give, give and give more.”Links Mentioned in Today's Episode:Leslie Awasom on LinkedInXsite Capital Investment websiteWS498: Creating the American Dream Through Syndication with Leslie Awasom and Tenny TolofariAbout Leslie AwasomLeslie is the Director of Operations and Co-founder of Xsite Capital Investment LLC. He manages the company operations, market/data analysis, cash flow, and budget analysis. Leslie is an entrepreneur and real estate investor. Leslie started investing in single-family real estate in 2017 and transitioned to multifamily investing in 2019. Leslie and his partners at XSITE Capital Investment LLC, currently own and manage $ 164 million worth of Multifamily real estate. In 2021, Leslie also founded an E-commerce company and Co-founded a Wellness Clinic, in Baltimore, Maryland. He is a trained nurse anesthetist and obtained his MSc in Nurse Anesthesia from the University of Maryland Baltimore. Leslie has a passion for building businesses and enjoys adding value to individuals interested in growing their wealth and changing their financial futures.Leslie is a husband, and father of two beautiful girls and a son, and loves to spend his spare time reading, volunteering, and flying drones. 

The Investor Relations Real Estate Podcast Episode 128 - Train Your Money To See Opportunities Host: Jonny Cattani Guest: Leslie AwasomProducer: April MunsonJonny Cattani is joined by Leslie Awasom to discuss: The importance of mindset Class A, B, and C propertiesThe financial impact of 2008Leslie is the Director of Operations and Co-founder of XSITE Capital Investment LLC. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019.Leslie is a trained Nurse Anesthetist and entrepreneur who lives in Hanover, Maryland.Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future.Leslie is a husband, father of two beautiful girls and a son and loves to spend his spare time reading and flying drones.Linked material referenced during the show: Book: Code Of The Extraordinary Mind - Vishen Likhianihttps://www.amazon.com/Code-Extraordinary-Mind-Unconventional-Redefine/dp/B01DFKNHTW/ref=sr_1_1?crid=3LXXMBFPDY7XY&keywords=code+of+the+extraordinary+mind&qid=1664350152&qu=eyJxc2MiOiIxLjkxIiwicXNhIjoiMS41NyIsInFzcCI6IjEuNjMifQ%3D%3D&sprefix=code+of+the+ex%2Caps%2C113&sr=8-1Connect with Leslie! Email: lawasom@xsitecapital.com Website: xsitecapital.comConnect with Jonny!Cattani Capital Group: https://cattanicapitalgroup.com/Invest with us: invest@cattanicapitalgroup.comLinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/Jonny's Instagram: https://www.instagram.com/jonnycattani/IRR Podcast Instagram: https://www.instagram.com/theirrpodcast/TikTok:https://www.tiktok.com/@jonnycattani?lang=enYouTube: https://www.youtube.com/channel/UCljEz4pq_paQ9keABhJzt0AFacebook: https://www.facebook.com/jonathan.cattani.1

Leslie Awasom is a nurse anesthetist who co-founded XSITE Capital Investment with his partners, Julius Oni and Tenny Tolofari. When he came across the multifamily asset class, Leslie realized many of his colleagues in the healthcare industry and members of his community were unaware that this type of investment opportunity existed. He and his partners were inspired to create XSITE in 2019 to educate more people about multifamily investing.  Today, XSITE has $125M in assets under management with a growing community of investors. In this episode, Leslie discusses his role as director of operations, his love for analyzing data, and the correlations he's seen between his career in anesthesiology and business operations for XSITE.  Co-founder and Director of Operations of XSITE Capital Investment LLC, which focuses on multifamily syndications. Previous Best Ever Episode: JF2163: Anesthesiologist to Real Estate with Leslie Awasom Currently works as a nurse anesthetist transitioning to real estate full-time. Portfolio: GP of 694 units, totaling $125M in AUM LP of $53M across two deals Based in: Hanover, MD Say hi to him at: xsitecapital.com Facebook Instagram LinkedIn YouTube Greatest lesson: Have great partners and significantly accelerate your growth.   S​​tay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors:   Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com | dlp capital

Leslie Awasom is the Director of Operations and Co-founder of XSITE Capital Investment LLC. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland. They provide resources and add value to individuals interested in growing their wealth and changing their financial future.   Leslie is a trained Nurse Anesthetist and entrepreneur who lives in Hanover, Maryland. He is a husband, father of two beautiful girls, and a son, and loves to spend his spare time reading and flying drones.   [00:00 - 05:15] Opening Segment   Leslie Awasom is the director of operations and co-founder of Xsite capital investment LLC. He manages the company operations market, data analysis, cash flow, and budget. Leslie started in real estate in 2017 after coming across one of Robert Kiyosaki's “Second Chance: For Your Money, Your Life and Our Money They founded Xsite Capital Investment and it is currently sitting on 125 million assets under management.   [05:15 - 10:34] Accepting The Abundance Mindset: Not losing when you provide value to others.   The company's journey wasn't always fast but it was perfect for where they are now. The company is solely focused on acquiring multifamily properties and believes it is still a solid asset for long-term wealth growth. They are conservative with their projections and keep their rent growth in some markets while dialing it back in others. They also help others who want to start their own multifamily company.      [10:35 - 15:55] Underwriting Deals    The company has been underwriting deals to deals that they close at 134 to 1, which is based on their last few deals. There has been softening in the market, with re-trading happening and brokers asking for offers to be submitted even if they are lower than what was asked in the past. The key to success in this market is understanding the story behind the numbers and being able to trend them monthly. One way that the asset management team can affect the numbers is by implementing water savings programs or having a qualified maintenance person on staff.     [15:56 - 18:28] Closing Segment Reach out to Leslie  Links Below Final Words         Tweetable Quotes “Stay on top of your numbers. You got to be able to trend everything monthly. understand what those numbers mean and how you could influence those because that's where the key and that's where you have the power as asset management to make these assets perform very well.” - Leslie Awasom ---------------------------------------------------------------------------- Connect with Leslie  visit their website at xsitecapital.com       Connect with me:   Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   [00:00:00] Leslie Awasom: some of the tools that we use project, we kind of dial it down a little bit. And we like to go into every deal, having enough cushion. Within the deal, such that if something goes wrong, we still fall within our numbers or even better.  [00:00:12]  [00:00:24] Sam Wilsons: Leslie. Awasom is the director of operations and co-founder of X site capital investment LLC. He manages the company operations market and data analysis, cash flow and budget. Leslie, welcome to the show.  [00:00:36] Leslie Awasom: Hey, thanks Sam. Thank you so  [00:00:37] Sam Wilsons: much for having me. Hey man. The pleasure's mine, there are three questions. I ask every guest who comes on the show in 90 seconds or less. [00:00:43] Sam Wilsons: Can you tell me, where did you start? Where are you now? And how did you get there?  [00:00:46] Leslie Awasom: Yeah, absolutely. I started in real estate in 2017 after coming across one of Robert Kiyosaki book, second chance at your money in your life and just got interested in real estate and building um, more like a solid financial future for myself. [00:01:00] Leslie Awasom: Then along the way, discovered multifamily investing came in contact with my two amazing partners. We found that exec capital investment to focusing on multifamily investing in 2019. And we've been growing ever since. It's been an amazing journey for us, our company and our investors. [00:01:15] Leslie Awasom: Currently sitting on 125 million of assets under management it's growing investor community and have great, a great food that we've been able to help grow the minds of over 1500 people so far. And is that number, it keeps growing every day,  [00:01:29] Sam Wilsons: man. That's fantastic. When you say you've been helpful or grateful to grow the minds of 1500 people, what does that mean? [00:01:37] Leslie Awasom: So we have a monthly educational event. We provide a lot of educational content. We host every Tuesday evening on the writing class where we teach people interested in multi-family how to own the, write these properties, or how to evaluate these deals for themselves as investors. [00:01:51] Leslie Awasom: And we also have like monthly educational events where we bring in experts in the country from other aspects and finance and real estate to teach members of our community. And we provide a lot of educational content via email to our list as well. So, it's just something that we really enjoy doing and that's something that's part of our call mission. [00:02:08] Leslie Awasom: Gotcha,  [00:02:08] Sam Wilsons: man. That's really cool. So you guys have scaled to 125 million in assets, under management, and I guess that's five years that's pretty great. Did you have any investing history in real estate before you went into multifamily?  [00:02:20] Leslie Awasom: So we actually went into multifamily in 2019 Sam. [00:02:23] Leslie Awasom: So, so we scaled that in about two, in about three years. Yeah. Prior to that, we individually had experience in single family investing. Our CEO had some a long track record of investing in like, startups and angel investing and real estate as well. And I did some real estate and all the third partner had a financial service business. [00:02:42] Leslie Awasom: So that's the background we came into when we informed our.  [00:02:45] Sam Wilsons: Gotcha. That's really cool. Tell me what are some things you know, that you think about, I guess, in this now three year journey in multifamily? Like what are some things that you feel like you've done really well that other people should emulate? [00:02:58] Leslie Awasom: I think one thing we've done really well is it's like really. How was the right word really absorbing or like, really accepting the abundance mindset, right. Really adopting that philosophy of an abundance mindset and really understanding that we do not lose anything by providing value to others. [00:03:15] Leslie Awasom: And actually it's actually like kind. To some extent it's selfish mindset because the more you give to other people, you actually get way more in return. So that's something that has worked really well for us that we've done really well. We give a lot of our time and we give a lot more to members of our community. [00:03:30] Leslie Awasom: And because of that, our community has grown tremendously. We've also done a really good job at finding the right assets that, that keep our investors safe. Being very conservative and our, on the writing. That's one thing that we are very proud of how conservative we are on the deal that we bring to market so that our investors are safe when they come to invest with us. [00:03:50] Sam Wilsons: What are some things, when you say, the more you give the more it comes back to you, but like when you say that, what are, what would you say would be a standard, some something that you'd, or ordinarily have thought, man, I'm not gonna do that. I'm not gonna, I'm not gonna share that information or I'm not gonna give that. [00:04:04] Sam Wilsons: What are some things that come to mind that you feel like, Hey, you know what? We decided to be really liberal with this and share it as much as we can.  [00:04:10] Leslie Awasom: It's just for example, we have a lot of people that come to our platform that are looking to start their own, our multifamily company as well. [00:04:17] Leslie Awasom: Ordinarily some other person will look at this as some kind of competition. I'm not gonna show them exactly how we do stuff. We don't, however, whatever you want to learn, we show it to you, whatever resources we took to get over there, we share with. So is that another thing is like, for example, like the underwriting class we do, we've been doing that every Tuesday night going on to about a year now. [00:04:35] Leslie Awasom: It's something that take, and it's not something that we charge anybody for. And so, even people that are coming on board that are learning and going and doing this on their own as well, We really enjoyed doing it. And but, because we are given that much, we've met some really amazing partners that see that and value that. [00:04:51] Leslie Awasom: And that also share that kind of an energy. And they've also helped in our growth significantly.  [00:04:56] Sam Wilsons: Got it. That's really cool. What are some things maybe that if you could do it over, if you went back and said, man, let's rewind three years, something that would make maybe speed things up that would maybe save some heartache. [00:05:07] Sam Wilsons: What's something that you feel like was not, we'll called a mistake, but something that, that you said, man, I don't wanna repeat that.  [00:05:13] Leslie Awasom: I probably should have brought in a third partner, our CEO, Dr. Juda only much earlier than we did because bring in a what now our third partner, Dr. Juda only he came along in the process a little bit later. [00:05:24] Leslie Awasom: The company initially started with Tenny and I. We probably would've brought him in early because he just came in and just made like the final leg of the tripod and just brought in this amazing energy and and intelligence and integrity and tenacity that has really pushed us forward. [00:05:41] Leslie Awasom: So that's probably one thing I would've done differently, otherwise, everything else I'll keep it the same. My journey might not have been the fastest. we had some failures and struggles along the way, but it was it was perfect. It was perfectly designed to put us to where we are today. [00:05:55] Leslie Awasom: That's great.  [00:05:55]  [00:05:55] Sam Wilsons: Let me ask you this. Lastly, you said you brought your third partner on and it's all worked out. Great. What did you guys realize that you were missing? Like, what was it you're like, gosh, we just need a third person in this, to really make this thing. [00:06:08] Sam Wilsons: Hum. What were the components that were missing in, in, in that you guys realize you need to bring somebody on? What was that?  [00:06:14] Leslie Awasom: So we needed that somebody that had that vision that could keep us like aligned and focused in , on who we are the company we're trying to build and the community that we're trying to build. [00:06:24] Leslie Awasom: Because initially well, we just got really excited about the possibilities that multifamily presents for. For ourselves and members of our community. And we just went out running we didn't really have like a true identity as a company and focusing on what was really key to us. So we needed that person that had that kind of that, leadership aura, if that's the best way I could describe it. [00:06:45] Leslie Awasom: And Dr. Oney is, was a perfect person. And we are grateful that he came on board when he did.  [00:06:50] Sam Wilsons: That's that's really cool. And are you guys solely focused on acquiring multifamily? Yes. Right now what do you think about the multifamily market right now?  [00:07:00] Leslie Awasom: It still has it's a little bit riskier than it was a year ago because of the changes in interest rates and everything that's happening in the economy. [00:07:08] Leslie Awasom: But we think, I believe multifamily is still a very solid asset for long term wealth growth and world generat. We just have to be a little bit more conservative than we were before with some of the projections that we make on some of the growth and be more, selective in the markets that we're investing and the kind of assets that we're investing, just to decrease the amount of our risk exposure that might come along. [00:07:29] Leslie Awasom: If we have some significant changes to the  [00:07:31] Sam Wilsons: economy, when you say you're changing your growth projections, is that saying, Hey, we're gonna dial back what we think we can sell this for. Is that saying, Hey, we're gonna cut back on, what our rent projections are gonna be. I mean, is that even going so far as saying, Hey, what if we have a rent decrease? [00:07:47] Sam Wilsons: I mean, what do you mean when you say. Tweaking your growth projections.  [00:07:51] Leslie Awasom: Absolutely. It's a little bit of both. We project it, for example, if in the past we're projecting a 10 basis point increase in cap rates on on a yearly basis on exit, we might project a little bit higher depending on the market. [00:08:03] Leslie Awasom: Some markets we are doing even like a 15% annual in, increase 15 basis point increase in cap rates annually onto. Our rent growth. We are keeping our rent growth in some markets. Maybe the first year we have some in the other years we keep it flat. So, it just depends on what the kind of data we see from our data sources in each of the markets that we go into. [00:08:24] Leslie Awasom: So whatever like some of the tools that we use project, we kind of dial it down a little bit. And so that it keeps, we like to go into every deal, having enough cushion. Within the deal, such that if something goes wrong, we still fall within our numbers or even better.  [00:08:39] Sam Wilsons: Got it. Tell me about your role there inside of the company. [00:08:42] Sam Wilsons: What is it specifically that you handle?  [00:08:46] Leslie Awasom: So I handle the operations of the company on the company side. I make sure that we are meeting like we have the right systems in place to meet the goals that we set for ourself. Every year we meet and we come up with quarterly goals and we come up with annual goals as well. [00:08:59] Leslie Awasom: So, my role in there is to make sure that we are using the systems that we have created and other systems are working constantly evaluating constantly working with our employees to make sure that we can make our working process more efficient. And I'm also involved in the management of our assets. [00:09:15] Leslie Awasom: Manage the property managers making sure that they're keeping up with the KPIs that we set for each property, make sure that the properties are performing according to what we on the road or better. So, once our acquisition team, for example, finds an asset and they think that it's a good one for us to review and they've gone to the underwriting, I take that underwriting and I have to review it compared to what our business plan, what our typical business plans are and do some more. [00:09:38] Leslie Awasom: Checks and balances on it to make sure that it's a right asset for us to go into. So, I'm more of the, on the back side of things, just making sure that the numbers are right and everything is, functioning properly  [00:09:49] Sam Wilsons: What's the timeline. This is just a totally kinda left field question. Yes. [00:09:53] Sam Wilsons: What's the timeline from when you guys identify a potential asset on the acquisition side, get it through underwriting, get it to you, get you to review the underwriting and then say, Hey, yeah, this is a potential to make an offer. What's how long does that take? It usually  [00:10:06] Leslie Awasom: takes about three days. Because that Christian team is very busy and that's probably one of the most developed part of our business. [00:10:13] Leslie Awasom: We have a very solid team, so we have someone that goes in and finds the assets and stop to the brokers. Then pass it over to underwriting. They're underwrite it and they usually send it out to me. =, within three days after getting more information from our property managers, our debt brokers and our tax consultants. [00:10:29] Leslie Awasom: So within three days I get it and review everything and see if it makes sense to pursue any further or we pass. What is your  [00:10:36] Sam Wilsons: current, do you, I mean, if you don't know this, that's fine, but I bet you do. What is your current number of deals you underwrite to deals that you close what's that  [00:10:45] Leslie Awasom: ratio right now is about 134 to one. [00:10:49] Leslie Awasom: See, I knew you knew. And that asked to to best on final, not even close . Yeah.  [00:10:55] Sam Wilsons: What? Geez. So yeah. Okay. That's the best and final that's not even to  [00:10:58] Leslie Awasom: close. Yeah. Yeah. That's based on what we've done so far from the last from our last deal. So it's been crazy. We've been reviewing a ton of deals, but made a few best on finals, but it's not nothing is, has come through yet. [00:11:10] Leslie Awasom: Have you seen any  [00:11:10] Sam Wilsons: softening in the market or any I guess just any changes of note.  [00:11:16] Leslie Awasom: Yeah. Our feedback from our brokers is that there's a lot of re trading happening on some of the properties. So in the past we would talk to brokers and our underwriting might be a few millions below what they were asking. [00:11:27] Leslie Awasom: And we will ask if it could submit an offer and they tell us no, but this time around, it doesn't matter how low the offer is they actually to submit because , they want owners to see that things are changing with the interest rates. This deal still have to cash flow. Most owners still have expectations from when we were at a 2% interest rate in, and a 6% interest rate climate. [00:11:48] Leslie Awasom: So it's gonna take some time to adjust, but I do feel like it it is adjusting slowly.  [00:11:53] Sam Wilsons: It is. Yeah. And that's, there's lots of arguments, eight different directions on why interest rates won't affect cap rates, why interest rates and cap rates are completely, disconnected. [00:12:02] Sam Wilsons: And then you hear it the other way around. And I don't know which ways up to be honest in the end. But it is but just to confirm, you're confirming, what we've been hearing is that there are some re trading happen. We have, we are seeing some softening in the market as a whole and just, it is interesting to hear that, Hey, you know what, gimme your offer. [00:12:19] Sam Wilsons: So at least I can take it back. And that's been the word from the brokers too, is like, we need something to take back to our sellers, just so they understand that this is where the market is now. So yeah. Yeah. E even as you. As a buyer, you might feel like you're sending in an offensive bid, which is okay. [00:12:34] Sam Wilsons: Yeah. But. That's what they're asking for.  [00:12:36] Leslie Awasom: Yeah. Because if you think about it at the end of the deal, the deals still have to cash flow. Yeah. Maybe the cash flows might not be as, as robust as they were a few years back. But buyers would not buy deals that are doing a negative cash flow that are really that tight. [00:12:49] Leslie Awasom: So. It's just a higher risk. So, I do believe some softening would happen, but maybe not as drastic as as people think it might get, just because multifamily is still a very strong asset class with a lot of growth potential still.  [00:13:01] Sam Wilsons: Yep. Yep. Absolutely. I think that's really cool. [00:13:04] Sam Wilsons: Give me gimme one thing, one, one nugget on the asset management side that you say, man, here is something that. you just gotta have in order when you're the asset manager,  [00:13:15] Leslie Awasom: You like, you gotta stay on top of your numbers. You gotta Be able to trend everything on a monthly basis. Guys, stay on top of your numbers, understand what those numbers mean and how you could influence those numbers because that's where the key really that's where you have the power as an asset management to make these assets perform very well. [00:13:34] Leslie Awasom: So you really do have to understand the story behind those numbers and what role you could play to, to affect those.  [00:13:40] Sam Wilsons: Give me an example of a number you feel like that is something that you can directly influence that you should really be paying attention to.  [00:13:48] Leslie Awasom: I tend to look at it from a much bigger picture, but the simple things for example, just going into a property you might see a water bill that's been outrageous where as an asset management, you might come in and implement some kind of a water savings program, and you're able to decrease that and increase your NOI tremendously. [00:14:04] Leslie Awasom: And the other piece is like maintenance cost. Like, what I've found in some of our assets is like, by having a very good qualified maintenance personnel on staff that is well paid, but that has several skills. Right. You could provide a lot of tools for the, for that person front, and it's gonna save you a ton in maintenance upfront. [00:14:23] Leslie Awasom: And which is something that we're experiencing one of our assets, which is like finding the right qualified maintenance on site person that has those skills that you don't have to outsource a lot of the jobs that are involved in this assets that could save you a ton of money on your maintenance cost long. [00:14:40] Sam Wilsons: Yeah, absolutely. Do you guys help find that maintenance person or is that the property manager's job? It's the  [00:14:46] Leslie Awasom: property manager, but we try to kind of give a direction of of where we want to go. And our property management team has a lot of exposure. In the Southeast market. So they have a large footprint and they can kind of, it's just about giving some side sort of direction and then they go out and look for that person for you. [00:15:02] Leslie Awasom: So, so it's one of the things we talk about our property management team up front. When we taking over these assets. Yeah,  [00:15:08] Sam Wilsons: absolutely. What do you do when you aren't getting the numbers you want from the property management team? And I, what I mean by that is when, Hey, I need the last week's report on Monday morning, and then Monday comes and goes and you don't have those numbers. [00:15:20] Sam Wilsons: What do you do?  [00:15:21] Leslie Awasom: Well, you just have to remind them the importance , of getting those numbers on time. My, our approach has been to empower whoever we work with to take responsibility for what they're doing so that we don't have to sit on top of them every day. And and we promote good behavior. [00:15:37] Leslie Awasom: Right. So we focus in on what you're doing, right. And we promote that and we push that forward and we found that has really worked very well. And our property managers, our team members are ready to go above and beyond for us because they feel like they're part of the journey of this asset. [00:15:52] Leslie Awasom: They feel like they're part of the journey that are investors are joining us along. The way we, so, so, so far it has worked really well. And if there's something that is not done, right, like not getting a report out on time, we'll point it out to you and then hold you to the higher expectation, but make you feel like you are the one who is coming up with a much higher expectation. [00:16:09] Leslie Awasom: Like, so the property manager's gonna set the goal to have this on time by this time, then we'll hold you accountable.  [00:16:15] Sam Wilsons: Right. I love it. I love it. Lastly, thank you for taking the time to come on today and really give us the insight into what it means to be an asset manager. What it means on the underwriting side, how you guys are finding opportunity, what you guys are doing to stay competitive, your thoughts, really on the market. [00:16:31] Sam Wilsons: And then just talking about your, the way you educate. Your investors, your educational events that you put out. I think that's really cool what you guys are doing. Certainly appreciate you coming on. If our listeners wanna get in touch with you, learn more about you, your every Tuesday underwriting event, any of those things, what is the best way to do that? [00:16:47] Leslie Awasom: First off? Thank you, Sam. Thank you so much for having us on your platform and giving us opportunities to continue to share on what we do to the larger community. Yes. You could get in touch with myself or any one of my amazing partners by write our information is all available on our website, which is, www do X as in XLOPHONE, S as in Sam it capital.com. [00:17:10] Leslie Awasom: XSITE capital.com. Feel free, reach out to any one of us. We love talking to, to, to people and learning more about ways that we could help you at Tuesday underwriting classes every Tuesday night at 8:00 PM. If you are interested in that as well, there will be a means for you to join our community, to become part of getting communications about everything that we do. [00:17:29] Leslie Awasom: So, come join us. However way we could help you in your growth journey. Don't hesitate to reach out to.  [00:17:34] Sam Wilsons: Fantastic. Lastly, thank you again. I appreciate it. Have a great rest of your day.  [00:17:38] Leslie Awasom: All right. Thank you so much, Sam. Thanks for having me.

Join us as guest Leslie Awasom of Xsite Capital discusses the importance of team building and expanding the reach of apartment syndication to underrepresented and minority communities.--Leslie AwasomLeslie is the Director of Operations and Co-founder of XSITE Capital Investment LLC. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie is a trained Nurse Anesthetist and entrepreneur who lives in Hanover, Maryland. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future. Leslie is a husband, father of two beautiful girls and a son and loves to spend his spare time reading and flying drones.To learn more about Leslie Awasom:XSITE Capital Investment's Website: https://xsitecapital.com/--Follow Birch Prosper on Instagram (@birch_prosper)Visit our website https://www.birchprosper.com/Interested in investing with Birch Prosper? Let's chat! Schedule a call with us.

Leslie Awasom and Julius Oni are founding partners of XSite Capital Investments. After individually investing in various real estate projects, and crossing paths with industry veterans, they discovered there was a huge wealth opportunity in the multi-family real estate Industry—an opportunity that many minorities or healthcare professionals were not privy to, or able to easily access. [00:01 - 09:32] Opening SegmentLet's get to know Dr. Julius Oni & Leslie AwasomHealth care professionals and real estate investorsThe impactful journey of Julius and Leslie[09:33 - 22:49] Real Estate Doctors How Julius and Leslie balance their lives as doctors and investorsXSite Capital sounded right with the company they wanted to buildA Nigeria trip that touched the hearts of Julius and Leslie The similarity between a surgeon and a real estate investorAdvice for future healthcare x real estate investors[22:50 - 33:11] THE FINAL FOURWhat's the worst job that you ever had?At Kmart distribution centerAt a cafeteriaWhat's a book you've read that has given you a paradigm shift?Miracle MorningsSecond ChanceWhat is a skill or talent that you would like to learn?Underwriting industrial real estateSpanishWhat does success mean to you?“Making a difference in people's lives and creating a little bit of a legacy now.”“Doing something that pushes me to grow every day.”Connect with Julius & LeslieWebsite: https://xsitecapital.com/ Instagram: @xsitecapital, @doctorjko, @leslieawasomLEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“Real Estate does require a level of tenacity, requires a level of conscientiousness, and requires a level of consistency, that you need it to become a surgeon.” - Dr. Julius Oni “When you find something that you're truly passionate about and truly enjoy doing, the time comes up somehow.” - Leslie AwasomSupport the show (https://www.buymeacoffee.com/weissadvice)

Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!This episode with Dr. Julius Omi and Leslie Awasom was powerful! Julius and Leslie started off investing in single family homes separately. They met one another at work and after not having much success with single family homes, they decided to get into multifamily investing with a 3rd partner, Tenny Tolofari. When they decided on their target market, Tenny moved his family and sold his home so that he could start building a team. The team has grown their portfolio to hundreds of units across the Southeast and has over $100 million in assets under management. In this episode we broke down how large multifamily deals work, the importance of our community getting into this space, future plans and more. Highlights1) A strong team is a necessity when you get into large multifamily real estate. due to the complexity. The team you choose can make or break your investment.2) Educating your community is a great way to increase their knowledge and also to create a pool of investors you need to close a large multifamily real estate deal 3) Large multifamily properties are not appraised based on the value of similar properties sold. They are appraised largely based on the revenue it generates. How to find themIG- @xsitecapital Website- https://xsitecapital.com/Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Join the waitlist for my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/yourfirsttenant

Leslie was kind enough to talk shop about the Mindset, Tenacity and Confidence required to have success as a multifamily syndicator. https://xsitecapital.com

Join us as we explore the mental requirements it takes to get into syndication and particularly for an immigrant who tapped into his internal drive to share multifamily as an asset class! Are you willing to try anything to get in this business? xsitecapital.com

Multifamily is the holy grail of real estate, and multifamily syndicators help investors gain inroads into this intriguing asset class. It's time to get educated on multifamily real estate! Host Dan Handford sits down for a talk with Julius Oni, Leslie Awasom and Tenny Tolofari of XSITE Capital as they discuss the mechanics of a recently concluded deal. We hear the nuts and bolts of what went on behind the scenes and how their team successfully concluded this deal. Tune in for more exciting learning from the real estate world as we explore multifamily investments.

Today's guest is Leslie Awasom, the Director of Operations and Co-founder of XSITE Capital Investment LLC. He manages the company operations, market/data analysis, cash flow, and budget analysis. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie still works as a Nurse Anesthetist in Baltimore, Maryland. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future. Leslie is a husband, father of two beautiful girls and a 7-month-old son, and loves to spend his spare time reading and flying drones.Here are some key aspects discussed on the showMaking crucial financial decisions to live a dream lifeOvercoming limiting beliefs to invest in multifamilyGrowth Mindset - a core valueUsing data to operate underlying assetsUnwavering Faith and Massive EffortMentioned Book Resources Miracle Equation - Hal ElrodSecond Chance at your Life and Money - Robert KiyosakiConnect with Leslie AwasomEmail - leslieawasom@xsitecapital.comWebsite - www.xsitecapital.comConnect with Rama KrishnaEmail: info@ushacapital.comWebsite: www.ushacapital.com

Hey! Jason Yarusi here.Whether you come from a line of successful business people or you were the first in your family to graduate from college, there comes a time where you have to make some serious financial decisions.That was the story for the founding partners of Xsite Capital, Julius Oni and Leslie Awasom.Although they came from different backgrounds, they both wanted to take their wealth to the next level.That's when they discovered there was a huge opportunity in multifamily real estate.Now they have over $125M in multifamily real estate assets in their portfolio.We're diving into:The “Eureka” moment that inspired them to make the switch from single-family to multifamily,How they successfully find a work/life balance,Leveraging the power of partnerships,How to identify the right roles for the right people in your business,And so much more…Listen in now!Connect With Julius Oni and Leslie AwasomWant to connect with Julius and Leslie? Find them at xsitecapital.com! Reach Julius at juliusoni@xsitecapital.com and Leslie at lawasom@xsitecapital.com. Want to Learn More About Multifamily Real Estate Investing?If you're an experienced real estate investor and you're ready to get around a community of active multifamily real estate investors who will support you, hold you accountable, and push you to set goals that inspire you as you grow your business, check out 7 Figure Multifamily and see if it looks like a good fit. If it is, I invite you to join in. If you have any questions, please reach out!- CLICK HERE: https://7fm.7figuremultifamily.com/7fmgroup====================Want to continue your multifamily real estate journey? Here are a few more resources to check out...We're holding a live, 3-day event called Multifamily Live on June 2 - 4, 2022 in Nashville, TN… and we're going to open the doors and walk you guys through literally every step of what we're doing on our multifamily deals.We've done events before but nothing this massive or this valuable... But spots are limited… sign up below!- CLICK HERE: MultifamilyLiveEvent.comMultifamily Live Podcast: Subscribe and get more episodes like this one delivered to you every week! Click Here: https://www.7figuremultifamily.com/multifamily-live-podcastFacebook Group: We've built a community of serious investors who are learning and growing their businesses together. Join the Group on Facebook: https://www.facebook.com/groups/multifamilylive/7FigureMultifamily.com: Learn more about who we are, our mentoring groups, upcoming events, and the causes we support at our website. Plus, grab some free downloads and other materials to help you on your real estate investing journey! Click Here: https://www.7figuremultifamily.com/ See acast.com/privacy for privacy and opt-out information.

Leslie Awasom is the Director of Operations and Co-founder of Xsite Capital Investment LLC with over $107 Million in assets under management. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie still works as a Nurse Anesthetist in Baltimore, Maryland. Here's some of the topics we covered: Evaluating every scenario and assessing risk Overcoming analysis paralysis  The personal growth that multifamily real estate can provide Consuming positive content Learners are earners Your weekly plan The power of meditation Being an observer of your own thoughts What really matters Book recommendation “Second Chance at your Money and Your Life” Robert Kiyosaki  “The pursuit of a worthy goal” To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com  For more information on our guest, please visit:http://xsitecapital.com Please Review and Subscribe

How to attract experienced partners and whether to do a 506 B or 506 C when raising capital with Leslie Awasom and Brad Smith.Follow us on Instagram, Facebook, and TwitterFor more educational content, visit our website at www.diaryofanapartmentinvestor.comInterested in investing with Four Oaks Capital?  First step is to schedule a call with us. ----Leslie AwasomLeslie is the Director of Operations and Co-founder of Xsite Capital Investment LLC. He manages the company operations, market/data analysis, cash flow and budget analysis. Leslie bought his first investment property in 2017 and transitioned to multifamily investing in 2019. Leslie still works as a Nurse Anesthetist in Baltimore, Maryland. Leslie and the XSITE Capital team host a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future. Leslie is a husband, father of two beautiful girls and a 7-month-old son and loves to spend his spare time reading and flying drones.Check out his website https://xsitecapital.com/ Or email him at lawasom@xsitecapital.com----Brad SmithBrad Smith has been a project manager in the commercial construction industry for over 14 years, and prior to that worked in residential construction with his Father. In 2009 he bought a house with a friend and ended up fixing it up and selling it in 2012. He and his girlfriend-now wife- did the same in 2013. In early 2020, on a ski trip with a good friend, we decided short term rentals would be the easiest way to get our foot in the door of the Real Estate world. After educating themselves and listening to podcasts, Brad and his friend Jordan Grigg bought their first investment property together in June of 2020. Currently, he and his partner at Lift Bridge Capital are looking for large multifamily properties. Check out his website https://www.liftbridgecap.com/our-team/ LinkedIn https://www.linkedin.com/in/brad-smith-9191a479/ Email Brad@liftbridgecap.com----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 485 units worth $21 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.Connect with him on LinkedIn or Facebook.

Our guest for today is Leslie Awasom, the Director of Operations at Xsite Capital Investments. It's a growing Multifamily Investment company with over $20 million under management. Last year, Leslie and his partners purchased a $20 million Class A Property in Washington DC. The Xsite Capital team also hosts a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future.Be sure to tune in as Leslie shares his journey and experiences on how he and his partners formed a strong partnership and explains the importance of gathering data for market selection. We discuss topics like:How do you decide or look for a market to acquire an investment?How to form strong partnerships?Challenges faced in doing your first deals.Leslie shares his journey into multifamily investing in just 2 years.The data analysis and processes used in determining a good and not-so-good market before investing in a property.Ways to gather data and find a good market.When looking to invest, what is the basis or the measurement for determining if you're investing in the right location?How can passive investors learn by exploring more data analysis?When is the best time to buy a property?Best advice for those considering investing in multifamily real estate.Recommended Books:Second Chance - by Robert KiyosakiBig Shifts Ahead - by John Burns and Chris PorterResources/Guest's contact info:Contact Number: 301-655-4708Website: https://xsitecapital.com/Real Focus Class offered by Neal Bawa 

Are you looking to invest in real estate? Have you considered which market you want to invest in? Do you have the right mindset to overcome the challenges you may face in the real estate market?  Multifamily real estate investing can certainly be a challenging path. Leslie has faced failures and struggles thoughout his time in the multifamily real-estate world, but with the right mindset he has overcome and found success. Find out how in this episode of The Plan B CRNA Podcast.  To Connect with Leslie and to find out more go to: www.xsitecapital.com https://www.meetup.com/Exciting-World-of-Multi-Family-Investing-Meetup-Networking  Phone: 301-655-4708 

Leslie Awasom joins us from Xsite Capital and the Exciting World of Multifamily Investing to share his journey conquering mindset, becoming financially independent, and shifting the paradigm on student loans. Leslie is a successful investor, healthcare professional, family man, and so much more.  During this episode, prepare to be enlightened and bring out your journal, because you will be taking notes. Full show notes and resources can be found here: https://thestudentloanpodcast.com/episode8 Visit our podcast sponsor at StartNoo to learn how you can exchange service hours in the community for direct payments towards your student loans or tuition.

Leslie Awasom is the Director of Operation and Co-founder of Xsite Capital Investment. He bought his first investment property in 2017 and transitioned to multifamily investing in 2019 with the acquisition of a 192 unit apartment complex.  He co-hosts a multifamily focused meet-up in Baltimore where he provides resources and adds value to individuals interested in growing their wealth and mindset.  He and his wife have two daughters.  He loves to spend his spare time reading and reviewing data.  Connect With Leslie Xsite Captial Phone:           202-569-5072                      301-655-4708 Email: lawasom@xsitecapital.com Facebook: Exiting World of Multifamily Investing ___________________________________ Want to appear on our podcast?  Contact Us Learn how you can passively put your hard earned money to work for you through multifamily syndication:  Steed Talker Capital Connect with Us: Facebook Twitter Linkedin Instagram Youtube

Curtis interviews Tenny Tolofari about how he started multifamily investing. Prior to establishing Xsite Capital Investment in 2019, Tenny spent several years leading a major sales force in one of the fastest-growing financial service companies in America. He is also a Global Cyber  Security professional supporting the likes of Boeing and Deloitte. Tenny met his business partner Leslie Awasom in 2019. Together, they invested in a 192 unit apartment project in 2019 as Limited Partners and are on track to acquire 500 units in 2020. Tenny's major role is building relationships with brokers, property management companies, and investors to ensure the success of their property investment business.    Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com   Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com  Call his office - 610-622-3121 Connect with Tenny Tolofari ttolofari@xsitecapital.com  https://www.xsitecapital.com/   Special Listener Gift Schedule a 15-Minute Call with Curtis  Free Ebook Financial Planning Has Failed   Show Notes A cash flow program - 2:42 Investing in real estate - 3:19 What you have to do as an owner - 5:40 Expanding his vision and network - 6:19 Getting started in multifamily investing - 8:19 Educate yourself - 9:49 All you need to do is take action - 13:22 Wanting to do business - 15:47 Ensuring your investment - 17:19 The importance of building confidence - 23:18 The excitement of multifamily investment - 24:27 Wanting to educate people - 25:17   Review, Subscribe and Share If you like what you hear please leave a review by clicking here   Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts  Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

Leslie Awasom is the Director of Operation and Co-founder of Xsite Capital Investment. He bought his first investment property in 2017 and transitioned to multifamily investing in 2019 with the acquisition of a 192 unit apartment complex.  He co-hosts a multifamily focused meet-up in Baltimore where he provides resources and adds value to individuals interested in growing their wealth and mindset.  He and his wife have two daughters.  He loves to spend his spare time reading and reviewing data.  Connect With Leslie Xsite Captial Phone:           202-569-5072                         301-655-4708 Email: lawasom@xsitecapital.com Facebook: Exiting World of Multifamily Investing ________________________________________ Want to appear on our podcast?  Contact Us Learn how you can passively put your hard earned money to work for you through multifamily syndication:  Steed Talker Capital Connect with Us: Facebook Twitter Linkedin Instagram Youtube

Curtis May and Leslie Awasom discuss how Leslie came to America 20 years ago to pursue the American dream. Despite having a full-time career as a nurse, he is on track to acquire 500 units in 2020. Leslie is the Director of Operations and co-founder of Xsite Capital Investment LLC, a multifamily real estate investment focused company in the Washington DC area. He manages the company operations, market/data analysis, cash flow, and budget analysis. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com   Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com  Call his office - 610-622-3121 Connect with Leslie Awasom https://www.xsitecapital.com/  lawasom@xsitecapital.com    Special Listener Gift Schedule a 15-Minute Call with Curtis  Free Ebook Financial Planning Has Failed   Show Notes A great guest today! - 0:17 Leslie's background - 2:18 His learning process - 4:42 Leslie's goal - 9:21 Looking for more properties - 10:40 How he started his company - 12:14 Taking the first step - 14:30 The importance of savings - 16:58 A multifamily journey - 19:54 Common mistakes that people make with multifamily investing - 21:45 Teaching about what you do - 25:50 Creating strong relationships - 29:01 Providing value to other people - 31:06   Review, Subscribe and Share If you like what you hear please leave a review by clicking here   Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts  Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

In this episode, I had the pleasure of interviewing multi-family property investor Teghena (Tenny) Tolofari. Prior to establishing Xsite Capital Investment in 2019, Tenny spent several years leading a major sales force in one of the fastest-growing financial services companies in America. He is also a Global Cyber Security professional supporting the likes of Boeing and Deloitte. Tenny's major role is building relationships with brokers, property management companies, and investors to ensure the success of their property investment business. Tenny began by sharing the story of his humble beginnings as a child in Nigeria. He was initially very insecure about his abilities and did not do well in school. Because of the class system in Africa, Tenny realized the only way he could break out of the poverty of his youth was to immigrate to the United States. He made a bet with his mother in which she told him she would find the means to send him to graduate school in America if he could finish college with high honors. That motivated Tenny to get to work and accomplish this goal. Upon arriving in the States, Tenny began his graduate degree in Management Information Systems at Virginia International University and then transferred to Bowie State University. After graduation, even though he had great jobs and was able to bring his family over to the U.S. from Nigeria, he continued to ask himself, “What's next?” He then began to learn about finance and it opened up a whole new world to him. Like so many other budding entrepreneurs, Tenny started self-educating by reading Rich Dad Poor Dad and Rich Dad's Cashflow Quadrant by Robert Kiyosaki. He found that the financial service platform gave him the opportunity to start his own business and work with others with more experience. During this process, he met his partner, Leslie Awasom. After discovering they were reading many of the same financial freedom books, they began their working relationship by meeting at a brewery to play the Cashflow 101 Board Game. Because Leslie already had a real estate investing company, they decided to merge their business efforts in January of 2019. Tenny talks about how both he and Leslie were very invested in educating themselves and went to many financial and real estate boot camp and mastermind events. They decided they were going to focus their real estate ventures in the multi-family market and bought their first property, a 192 unit apartment building in Marietta, Georgia. This year, they are looking to expand these efforts. I asked Tenny how he feels when he hears people born in this country talk about how they don't have the same opportunities as others and can't afford to improve their situation. Tenny said it used to make him mad because he believes those are just excuses for not improving yourself, but then realized you can only be who you surround yourself with. We discussed how important it is to appreciate and use what you have and encircle yourself with good people. Tenny talked about the sacrifices he had to make, yet how driven he was to succeed. Tenny then explained what syndication is because that is what he primarily deals with in his business. He explained the difference between the two business classifications that they have, 503B and 503C, as far as dealing with investors. He also detailed why they decided to go into multi-family real estate investing rather than other options. He gave several examples of the advantages of owning multi-family including spreading out expenses such as management companies and adjusting for vacancies. Tenny also detailed their philosophy for finding and funding deals. We talked a lot about different ways to build relationships and how important this is in real estate investing. Tenny said one of the strategies that they have when trying to enter a new market is to talk to the property management companies first in order to get an in with the big brokers in that area. I hope you join me as I get to know this dynamic investor and fantastic human being who built a successful real estate business from nothing with self-education, hard work, and desire! Notable Quotes: “You can only be what you surround yourself with.” Tenny Tolofari “Everyone has the opportunity - it's just how badly do you want it and what are you going to to to get there.” Mike Simmons “I know what I want. I didn't want that life, like so many of my friends back home, that are struggling to take care of their family.” Tenny Tolofari “A lot of people don't appreciate what they have. They just don't understand.” Tenny Tolofari “Gratitude and perspective are things that can help people change.” Tenny Tolofari “People change due to two things: desperation or inspiration. Mine was both.” Tenny Tolofari “I'd never done commercial real estate before… I just had to put myself out there and learn.” Tenny Tolofari “And this is one of my superpowers that I know God blessed me with - I can pick up the phone and call anybody.” Tenny Tolofari “It's got to be deeper than that… you've got to mean it.” Mike Simmons “There's a lot of things going on in the world right now, a lot of people are scared, but you don't stop, don't freeze, keep moving.” Tenny Tolofari Links: Level Jumping: How I Grew My Business to Over $1 Million in Profits in 12 Months Rich Dad Poor Dad Rich Dad's Cashflow Quadrant Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future MONEY Master the Game: 7 Simple Steps to Financial Freedom Robert Kiyosaki's Cashflow 101 Board Game Tenny's Website Tenny's Phone Number: (202) 569-5072 7FF Video Vault

In this podcast, you'll learn: How to do a proper market research Proximity Growth and changes happening in the area Using the same system Neal Bawa to do market research How coaching programs can help you in your business? How much are you willing to invest in yourself? "If you value yourself highly, you're going to invest in yourself highly" Multifamily checks all the boxes How to choose the right asset investment for you Fundamentals of Multifamily Data Research -CAP Rate -Focus in the top market Parts of thought leadership that is important -How to attract capital -You should have a Target market/Ideal Avatar/Ideal Investor. Guest Questions: What is the one thing that you did that made your Meetup number 1 in the world? Answer: Select a Niche Best Way to Niche Do your reckon. Go out and see what is available Use it to your advantage Niche down and make everything revolve about niching Three Meetup Pillars 1.Who is your audience 2.What are you doing with them 3.How will you capitalize them "You have to create a niche, not just pick a niche" How can our podcast listener give back to AAA? To connect with Leslie, visit: https://www.xsitecapital.com/ Facebook Group: https://www.facebook.com/groups/559270544605834/ Email: lawasom@xsitecapital.com Sponsor: CSSI (https://costsegregationservices.com) Look for Bonnie Kaake *And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (https://podcasts.apple.com/us/podcast/creative-real-estate-podcast/id1285094279)

Building a syndication business is not easy. So, imagine immigrating to the US, setting up a life for yourself, and trying to break into the world of real estate investing. Sounds pretty impossible, right? Not for our guests today, Leslie Awasom and Tenny Tolofari. Not only have they found success in their W-2 positions in the States, but they have also started a syndication business that is well on its way to doing great things. In this episode, Leslie and Tenny share some of their journeys with us, from what inspired them to partner with each other to how they found multifamily syndication.---Our gracious sponsor: Gene Trowbridge and Jillian Sidoti, founding partners of the top syndication law firm Trowbridge Sidoti, have a legal team with over 88 years of combined legal experience. That team, along with their amazing support staff, has helped clients raise over 3.7 billion dollars in offerings by being dedicated to empowering entrepreneurs to raise capital legally, while allowing them time for other important things in their life. To learn more, visit the Crowdfunding Lawyers YouTube channel or website. ---