Podcasts about limited partnership

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, and all-around nice guy for a discussion into the complexities of gold and silver markets, particularly focusing on shorting positions in ETFs like PSLV and SLV. Lanci explains that these metals are ideal for carry trades due to their indestructible nature, allowing banks to borrow and lease them easily. However, he highlights how increased physical demand, driven by central bank repatriation and tariffs, has strained this system, leading to potential short squeezes. Lanci discusses the differences between gold and silver markets, noting that while gold benefits from central bank backing, silver lacks such support, making it more vulnerable to supply shortages. He connects the rise in lease rates for silver to these market dynamics, suggesting that higher demand and logistical challenges are driving prices upward. Tom also touches on the impact of tariffs, which Lanci believes will further boost precious metal prices by accelerating de-dollarization. Additionally, Lanci addresses the shift in bank reports towards recognizing physical gold demand, particularly from central banks, as a key driver of price movements. Lastly, Lanci notes that financial institutions are increasingly recommending exposure to gold and silver miners, indicating a broader trend of investor interest in these sectors. Timestamp References:0:00 - Introduction2:00 - ETF Shorts & Hard Facts15:26 - PSLV Trade Vol. Chart18:40 - Silver & Short Spikes23:24 - Musical Chairs?25:34 - Naked Shorting Limits?29:09 - Silver Lease Rates31:35 - Silver/Gold Logistics40:50 - Silver Squeeze Process42:27 - Tariffs & Demand Catalysts48:23 - April Tariffs & Metals53:36 - Bank Reports & Gold1:06:16 - Wrap Up Guest Links:Special Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://x.com/SorenthekLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://x.com/boobsbullion Vince Lanci, a seasoned finance professional, has served as Managing Partner at Echobay Partners LLC since 2008. His expertise spans over three decades in metals trading, option analysis, and technology development. In recent years, Mr. Lanci's insights have been sought after by industry legends. He was invited to be a resident expert on precious metals and option analysis for Larry Benedict's Opportunistic Trader project. In 2017, he co-authored a paper on Energy Volatility with Professor Robert Biolsi at the University of Connecticut. Prior to his current role, from 2004 to 2008, Mr. Lanci served as Co-Head of Metals & Energy Trading for CiS Options LLC. During this tenure, he managed the long-short and volatility arbitrage portfolios for the parent Limited Partnership fund. From 1993 to 2003, Mr. Lanci was the proprietor of Berard Capital LLC, where he led a team of option marketmakers. His earlier career included stints at Lehman Bros and Cooper Neff from 1987 to 1993, providing him with a solid foundation in finance. In 2000, Mr. Lanci co-founded Whentech (originally named Upperhand Technologies LLC) with David Wender. As chief architect of the "Pit-Trader" user interface logic, he played a pivotal role in the company's inception. Mr. Lanci's thought leadership extends beyond his professional engagements. He contributes regularly to Zerohedge, BBG, and RTRS. His expertise has also been showcased at Mondo Visione and NYC Mines & Money conferences. A firm believer in level playing fields for investors, he advocates for transparency and fairness in financial markets.

A special Crime Courts and Public Safety update is the focus of Episode 10, after a week of criminals engaging in murder, random violence, brazen theft and drug and gun crimes. All this happened as Winnipeg still hasn't hired a new chief for the police service. Part 1- A brief roundup of recent podcast subjects including: - The spat between the Manitoba PC's and spurned candidate Susan Auch continues. She says the party made a bad situation worse by falsely claiming she hadn't filed required candidate paperwork.- A plank of PC leadership hopeful Wally Daudrich for a Port Nelson development got a boost from the LNG sector.- The spending problem and ballooning project costs at City Hall is nailed as "a disconnect between the electorate and those in power, allowing fiscal irresponsibility to persist unchecked" in a commentary by Winnipeg Sun publisher Kevin Klein.12.50 Part 2- Whether on a bus, walking downtown, or parking near the Children's Hospital, the people of Winnipeg are no longer safe. Without a chief of police in place, there's no coordinated strategy to make our streets safe again- although cops are making arrests including taxicab passengers and right outside the downtown headquarters. A common denominator in almost every case? A perp in breach of conditions or with outstanding warrants. 21.15- Night time violence on the streets of St. Boniface sent two women- including a 14 year old - to hospital. There was also two female seniors assaulted in a pair of downtown cases. Plus, two 16 year old boys are charged in a killing last weekend near Central Park. 28.00- Imaging racking up 68 charges all across the city.Stealing vehicles, fuel, purses, wallets, computers, booze, while victimizing church goers, music schools, a woman and her baby in a car, we discuss the one man crime wave finally tracked down by the cops, Travis Freddie Ducharme.32.30 - An eyewitness sent us an account of the crass behavior of opioid addicts at a St. Vital bar and grill. They noted how multiple crews responding to an overdose there could have been diverted from taking urgent calls for help from law-abiding citizens. Observing the overall situation, a woman online defended the efforts of police to apprehend violent criminals, writing "This place is terrible. There's no consideration for anybody's safety."We ask - Has your elected official spoken out lately? ******Saturday In the Winnipeg Sun:For years, a criminal racket used three properties on Lisgar Avenue to produce and distribute crack cocaine, with three more on Austin St. North also connected to the cartel. Court heard one of the homes saw over 150 people a day come to acquire drugs. After a forfeiture order, 21 new housing units owned and built by non-profit Purpose Construction will replace them in North Point Douglas. The Anhart Community Housing Society will develop the new homes, arrange financing, and with the help of the private investment sector will cover equity shortfalls through the Anhart Affordable Homes 2019 Limited Partnership. All the details at- https://winnipegsun.com/opinion/columnists/gold-joint-initiative-bringing-21-housing-units-to-north-point-douglasSunday in the Winnipeg Sun:The IIU report about the Bradley Singer killing demonstrates to what end the IIU will go to exonerate police. Gerry Singer - who we interviewed last year - agrees a public inquiry would be able to probe just what was necessary, and call all the police and doctors involved to testify.Should parents and friends of mentally ill people in distress call police? Or are they condemning their children and friends to death. ⁠https://winnipegsun.com/opinion/columnists/gold-public-inquiry-needed-after-iiu-cover-up-in-bradley-singer-shooting⁠******To help defray our expenses for Season 6, please use the PayPal or E-transfer option on the ActionLine.ca Donate page, or email us directly for other ways to contribute: martygoldlive@gmail.com

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, for a discussion on polticis and recent global buying patterns particulary in China. Specifically the significant 'Chinese whale', Zhang Kai Futures. Despite public purchases, China's government has also bought gold clandestinely through other less obvious channels. Goldman Sachs updated projections reveal ongoing gold buying by China, causing market rallies and awareness. Vince explores Exchange for Physicals (EFPs) and premium spreads in bullion banks, discussing tariff anxiety's potential impact on global physical metal flows. The EFP mechanism links London's physical market to New York's financial center, but tariffs may influence production countries and traders' choices. Gold prices are expected to reach new all-time highs soon. Vince touches on tariffs' primary impact on silver in the U.S., as a significant importer compared to its gold production. Furthermore, they discuss America's potential need to become a manufacturing economy again and Trump's plans involving factories, jobs, and exports. The challenge lies in financing this project with China no longer buying U.S. debt. Trump proposes reducing the deficit through energy cost reductions and weakening the dollar through tariffs, but that approach could lead to inflation and deficit issues. Vince and Tom discuss potential changes in government funding, specifically regarding income taxes versus tariffs. Trump intends to negotiate with other countries using tariffs as leverage for domestic job creation and foreign investment. Vince emphasizes the importance of addressing economic conflicts to prevent escalation into full-blown conflicts. Timestamp References:0:00 - Introduction0:43 - China's Gold Whale12:38 - EFP Premiums & Spread25:00 - Supply & Net Imports28:24 - Silver Prices??34:48 - Manufacturing USA43:38 - Driving Dollar Lower47:00 - Tariffs & Income Tax54:54 - Historic Analogies58:03 - Economic World War1:00:47 - Tensions & Risks1:02:40 - Wrap Up Talking Points From This Episode China's government buys gold publicly and clandestinely through various back channels, including commercial banks and SAFE. Tariffs could significantly impact physical metal flows by influencing where silver is sourced and it's country of origin. Trump plans to revive American manufacturing through tariffs and changes in income tax. Guest Links:Website: https://vblgoldfix.substack.com/Twitter: https://x.com/SorenthekLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://x.com/boobsbullion Vince Lanci, a seasoned finance professional, has served as Managing Partner at Echobay Partners LLC since 2008. His expertise spans over three decades in metals trading, option analysis, and technology development. In recent years, Mr. Lanci's insights have been sought after by industry legends. He was invited to be a resident expert on precious metals and option analysis for Larry Benedict's Opportunistic Trader project. In 2017, he co-authored a paper on Energy Volatility with Professor Robert Biolsi at the University of Connecticut. Prior to his current role, from 2004 to 2008, Mr. Lanci served as Co-Head of Metals & Energy Trading for CiS Options LLC. During this tenure, he managed the long-short and volatility arbitrage portfolios for the parent Limited Partnership fund. From 1993 to 2003, Mr. Lanci was the proprietor of Berard Capital LLC, where he led a team of option marketmakers. His earlier career included stints at Lehman Bros and Cooper Neff from 1987 to 1993, providing him with a solid foundation in finance. In 2000, Mr. Lanci co-founded Whentech (originally named Upperhand Technologies LLC) with David Wender. As chief architect of the "Pit-Trader" user interface logic, he played a pivotal role in the company's inception. Mr. Lanci's thought leadership extends beyond his professional engagements.

Want more essential tips on investing effectively as a limited partner in multifamily syndications? Don't miss this conversation with Amanda Larson and acquire some value from how she realized the power of passive investing for busy professionals!Amanda walks us through her journey as a limited partner, the importance of learning how to vet sponsors and operators in syndication, and her perspectives on where the real estate market is heading!Key Points & Relevant TopicsAmanda on discovering different possibilities from real estate investing and realizing the power of syndicationsThe advantage of investing in multifamily syndicationHow Amanda evaluate sponsors before investing in a dealThings to look for when underwriting a deal and investment opportunitiesThe importance of continuous learning as a limited partner in syndicationsChallenges of transitioning from limited to general partnership and operating a dealAmanda's insights on the current economy and market conditionThe power of doing research and due diligence for passive investorsResources & LinksTo download Amanda's due diligence checklist, go to https://amaxequity.com/checklist/. Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Amanda LarsonAmanda Larson is the founder of AMA X Equity, a real estate private equity company with a mission to empower busy professionals by helping them build multiple streams of income by investing in apartments.  With more than 15 years of experience in engineering and construction, Amanda brings a solid foundation in project management, engineering, and an MBA to her real estate investments. With a significant portion of her career spent working abroad for multinational engineering and construction companies, she has honed her skills in leading projects and teams towards a common goal.  Get in Touch with AmandaWebsite: https://amaxequity.com/LinkedIn: Amanda Larson, MBA To Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Jeff is a proud Virginia Tech Alumni with over 20 years of sales experience in the Information Technology sector. Jeff has been actively and passively investing in real estate since 2017, operating a single-family rental portfolio, STR, Private/Hard Money Lending, and multiple Limited Partnership deals with securing over $46MM in value and 360+ Multifamily doors. With his expertise in building sales pipelines, closing multi-million-dollar deals, and managing his real estate portfolio, Jeff is now focused on scaling a pipeline of Multifamily investment opportunities. He's an expert at raising capital from investors looking to invest passively with his team and build generational wealth outside their W2. 

In this compilation program, Justin Klein and Luke Guerrero field a variety of finance and investment questions from callers across the United States and around the world.Today's Stocks & Topics: Savings Account, Financial Data on Companies, TSP Investments and Percentages, Options & Capital Gains, 401k, A-I in the Finance Industry, Rollover the 403B to a Roth I-R-A, Brokage Account Security, Second High-Risk Account, Municipal Bonds, 401k Funds, Selling Losses vs. Taxes, Portfolio Reviews, Interest Rates and Homes, Covered Call, Bond Option, Limited Partnership.Our Sponsors:* Check out Moorings: moorings.com* Check out eBay Auto: www.ebay.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Tom Bodrovics welcomes back Professor Vince Lanci, MBA Finance and Publisher of the Goldfix Substack, for a discussion on recent market events. The primary focus is on the past week's stock market drawdowns, which started on August 2nd, possibly influenced by the Yen Carry Trade collapse. Despite no clear catalyst at the time, it's now believed that the Federal Reserve's reluctance to ease, coupled with Buffett's Apple share sale and Citibank's prediction of multiple interest rate cuts, put pressure on banks, leading them to reconsider their stance. The unexpected end to Japan's yield curve control policy caused a blow-up in the Yen Carry Trade as hedge funds were forced to refinance at higher rates, triggering a wave of selling across various markets. Tom asks about possible tensions between Federal Reserve chairman and the Treasury's roles in managing U.S. economic policy. Janet Yellen's handling of monetary policy during her tenure as Fed Chair is critiqued for misallocating funds, creating a false signal about an economic recession, and potentially leading to inflation and higher stocks. Vince shares an intriguing story about a Chinese gold trader causing significant damage to bullion banks. This trader, not typically known for gold trading, had been buying large quantities of futures from Western bullion banks over the counter, leading to losses. The conversation delves into the impact of Yellen's actions on the shape of the yield curve and discusses the sale of the Strategic Petroleum Reserve (SPR) during the Biden presidency and its implications. They explore whether we still need the same level of oil reserves as in the past, considering changing energy policies and difficulties in producing and storing refined products. The conversation touches on China's growing influence, the importance of ensuring a deflationary crisis for China, discovering new oil and energy sources, and securing global dominance through innovation and geopolitical considerations. Timestamp References:0:00 - Introduction0:53 - Talk About Markets13:49 - Easy Money Addiction22:55 - Fed Vs Yellen & Mandates30:44 - Yellen & Wrong Signals38:47 - Gold Trader Story46:38 - Banks & Positioning49:22 - SPR & Politics57:23 - Oil Reserve Needs1:00:09 - Gold and the Dollar1:04:40 - Thorium & Oil1:07:56 - American Innovation?1:10:20 - BRICS & Japan1:12:47 - Policy, Energy, & Votes1:14:50 - Wrap Up Talking Points From This Episode The past week's stock market drawdowns were influenced by the collapse of Yen Carry Trade. Despite no clear catalyst at the time, Federal Reserve reluctance to ease led banks to reconsider their stance. China's gold trader caused significant damage to bullion banks due to excessive futures trading over OTC. Guest Links:Special Discount: https://vblgoldfix.substack.com/TomPalisadesWebsite: https://vblgoldfix.substack.com/Twitter: https://twitter.com/SorenthekZeroHedge: https://tinyurl.com/3x72ndfcLinkedIn: https://www.linkedin.com/in/vincentlanci/Boobs & Bullion: https://twitter.com/boobsbullion Vince Lanci, a seasoned finance professional, has served as Managing Partner at Echobay Partners LLC since 2008. His expertise spans over three decades in metals trading, option analysis, and technology development. In recent years, Mr. Lanci's insights have been sought after by industry legends. He was invited to be a resident expert on precious metals and option analysis for Larry Benedict's Opportunistic Trader project. In 2017, he co-authored a paper on Energy Volatility with Professor Robert Biolsi at the University of Connecticut. Prior to his current role, from 2004 to 2008, Mr. Lanci served as Co-Head of Metals & Energy Trading for CiS Options LLC. During this tenure, he managed the long-short and volatility arbitrage portfolios for the parent Limited Partnership fund. From 1993 to 2003, Mr. Lanci was the proprietor of Berard Capital LLC, where he led a team of option marketmakers.

In this compilation program, Steve Peasley, Justin Klein and Luke Guerrero field a variety of finance and investment questions from callers across the United States and around the world.Today's Stocks & Topics: Savings Account, Financial Data on Companies, TSP Investments and Percentages, Options & Capital Gains, 401k, A-I in the Finance Industry, Rollover the 403B to a Roth I-R-A, Brokage Account Security, Second High-Risk Account, Municipal Bonds, 401k Funds, Selling Losses vs. Taxes, Portfolio Reviews, Interest Rates and Homes, Covered Call, Bond Option, Limited Partnership.Our Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/* Check out eBay Auto: www.ebay.com* Learn more at hackerone.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

One billionaire investor has slashed his big bet on the chipmaker that was one of the best performers last year-- when it rallied a whopping 238%. Today's Stocks & Topics: KEY - KeyCorp., Savings Account, Market Wrap, BLD - TopBuild Corp., Is A-I a Bit 'Overhyped' in the Short Term?, XLB - Materials Select Sector SPDR ETF, VAW - Vanguard Materials ETF, Earnings Season, OPCH - Option Care Health Inc., Limited Partnership, UNM - Unum Group, Capital Gains.Our Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/* Check out eBay Auto: www.ebay.com* Learn more at hackerone.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

What makes a good deal in today's market? How can I evaluate a sponsor or operator? Is there a way to mitigate the risks of investing as a limited partner?These are only a few concerns limited partners have when choosing the right deal or fund offering. So in this episode, we've invited Lance Pederson to tell us his strategies for making better decisions as a limited partner, things you should be asking and looking for before investing in any investment opportunities, and his extensive expertise in evaluating a deal.Key Points & Relevant TopicsLance's extensive background in real estate syndications and underwriting dealsLance's approach to underwriting as a passive and seasoned investorStrategies for building up expertise as a limited partner in syndicationDetermining the skills and capability of a sponsor or operator in running a dealThings to ask sponsors or operators before making a final decision to invest with themThe process for evaluating a fundOther things investors should be looking at in a fund offeringHow sponsors can justify fees they're charging to investors for a dealWhy sponsors need to disclose potential risks and exit strategies to investorsLance's perspective on the industrial and retail marketResources & LinksLance's LP Deal Analyzer: https://passiveadvantage.com/deal-analyzer/#mf-dealApartment Syndication Due Diligence Checklist for Passive InvestorAbout Lance PedersonLance got his start in the sub-institutional real estate space in 2008 managing a $65M debt fund comprised of small balance commercial real estate loans backed by collateral located throughout the Pacific Northwest. In 2013, he founded a real estate fund administration firm that scaled to more than $3B in assets under administration. During that same time, he also served as a Principal and COO at a private equity real estate investment firm that grew from $0 to $300M+ in equity under management with a portfolio that represented over $1B of real estate.  Since 2012, Lance has helped over 200 private lenders and real estate operators architect and form pooled investment funds. His passion continues to be working closely with real estate entrepreneurs to help them grow and scale their firms by leveraging the power of pooled investment vehicles. Lance is currently the Co-Founder and CEO of Passive Advantage, which develops online software tools to help investors vet real estate syndication investment opportunities. Get in Touch with LanceWebsite: https://passiveadvantage.com/ / https://www.lancepederson.com/ LinkedIn: Lance PedersonTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Segment 1: Formation and Characteristics of General Partnerships Let's start with the basics. A general partnership is formed when two or more persons engage in a business for profit. Interestingly, this can happen without any formal agreement—yes, even a handshake can suffice, though I wouldn't recommend it for clarity and legal safety. It's important to note that intent plays a crucial role here. The partners must intend to share profits and management responsibilities. This shared management is a distinctive characteristic, alongside joint liability for debts and obligations. That's a great point. The simplicity of forming a partnership is both a blessing and a potential pitfall, underscoring the importance of clear agreements from the start. Segment 2: Partnership Property and Partnership Interest Moving on, let's talk about partnership property. It's a concept that often confuses many. Essentially, it includes anything the partnership owns that is necessary for conducting its business. And don't forget, partners have an equal right to use partnership property for partnership purposes. But, they don't own it personally. This distinction is crucial, especially when discussing partnership interest, which refers to a partner's share of the profits and losses, and their right to participate in the management. A key takeaway here is understanding the separation between personal assets and partnership assets—a vital consideration for liability and financial planning. Segment 3: Rights and Duties of Partners Partnerships are built on mutual rights and duties. Each partner has a right to participate in the management, a right to share in the profits, and importantly, a duty to act loyally and in the best interest of the partnership. The duty of loyalty is foundational. It includes avoiding conflicts of interest, not competing with the partnership, and accounting for any benefits derived from partnership opportunities. It's all about trust and acting with the partnership's success in mind. Breaches of these duties can lead to serious legal and financial consequences. Segment 4: Liability in Partnerships Now, onto a critical aspect: liability. In general partnerships, all partners are personally liable for the debts and obligations of the partnership. It's joint and several, meaning creditors can go after one or all partners for the full amount. This is why many opt for a Limited Partnership or an LLP, where liability can be limited for some partners, protecting personal assets from the partnership's debts, under certain conditions. Understanding these liability nuances is essential for anyone considering entering a partnership. Segment 5: Dissolution and Winding Up of Partnerships All things come to an end, including partnerships. Dissolution triggers the winding-up process—where the partnership's affairs are settled, debts paid, and remaining assets distributed. It's a process that demands careful attention to the rights of partners, creditors, and others. Properly winding up ensures legal and financial clarity for everyone involved. A thoughtful approach to dissolution can prevent a lot of headaches and legal entanglements. Segment 6: Limited Partnerships (LP) and Limited Liability Partnerships (LLP) Lastly, let's touch on LPs and LLPs. Limited Partnerships allow partners to limit their liability in proportion to their investment, but they must relinquish control over the business operations to the general partners. On the other hand, LLPs offer limited liability to all partners without losing their right to manage the business. It's a popular choice for professionals like lawyers, accountants, and architects, providing a balance between liability protection and control. Both structures provide valuable alternatives for those concerned with personal liability, making the choice of business entity a strategic decision. --- Send in a voice message: https://podcasters.spotify.com/pod/show/law-school/message Support this podcast: https://podcasters.spotify.com/pod/show/law-school/support

Dieses Video erklärt 3 wichtige steuerliche Risiken, die deutsche Unternehmen kennen sollten, bevor sie in den USA eine LLC (Limited Liability Company) gründen. Die erste Steuerfalle ist die doppelte Besteuerung , die entstehen kann, wenn die Gesellschaft in Deutschland als Kapitalgesellschaft von den Behörden eingestuft wird, in den USA aber als Personengesellschaft behandelt wird. Bei der LLC werden dann die Gewinne auf Gesellschaftsebene  in den USA besteuert. In Deutschland gelten die (bereits versteuerten Ausschüttungen) als Dividenden und unterliegen nochmals der Besteuerung in Deutschland. Das zweite Risiko ist die sogenannte Zweigniederlassungs-Steuer (Branch Profit Tax). Diese Steuer muss gezahlt werden, wenn Gewinne aus den USA nach Deutschland transferiert werden und wird wiederum dann zum Problem, wenn die Gesellschaft in Deutschland und den USA jeweils als andere Rechtsform eingestuft wird. Schließlich kann bei einer LLC auch der Ort der Geschäftsleitung zum Steuerproblem werden. Wird die Geschäftsführung faktisch aus Deutschland geführt, kann dies zu einer unerwarteten doppelten Besteuerung führen. Wer also in die USA expandiert, sollte besser eine C-Corporation oder eine Limited Partnership gründen.

Leo J. Cushing of Cushing & Dolan in Waltham breaks down hot topics with limited partnerships in this podcast, excerpted from MCLE's 4/27/23 live webcast: Launching & Advising Limited Partnerships. The full program is available as an on demand webcast or an MP3 here.  Get 24/7 instant access to hundreds of related eLectures like this one—and more—with a subscription to the MCLE OnlinePass. Learn more at www.mcle.org/onlinepass and start your free trial today! Connect with us on socials!Instagram: mcle.newenglandX (Formerly Twitter): MCLENewEnglandLinkedIn: Massachusetts Continuing Legal Education, Inc. (MCLE│New England)Facebook: MCLE New EngalndThreads: mcle.newnengland

Mack sits down with Steve, Mike, and Jeff from BelPacific Excavating & Shoring LP to talk all about deep excavation and shoring work in downtown Vancouver. Starting as a Limited Partnership, BelPacific has contributed to the Vancouver skyline working on projects such as Shangri-La tower, The ButterFly, and more. We discuss how BelPacific started, why deep excavation is needed for high rise projects, the machines BelPacific uses for deep excavations, and developing/training people at BelPacific.Learn more about BelPacific here https://www.belpacific.com/ or find them on social media @norlandlimitedFind Mack on social media @earthmovers_media or email him at mack@earthmoversmedia.comhttps://earthmoversmedia.com/

Key Takeaways: - A family limited partnership is a legal entity that allows for the organized transfer of assets within a family structure. - Setting up a family limited partnership can help reduce the overall value of an estate, potentially lowering estate tax implications. - Income and losses can be allocated to different family members, taking advantage of lower tax rates. - It is important to work with an attorney and tax advisor to properly set up and manage a family limited partnership. Chapters | **Timestamp** | **Summary** | | ------------- | ----------- | | 0:00:01 | Introduction to the podcast | | 0:00:13 | Disclaimer about the information presented | | 0:00:48 | Phillip and Alison discuss tax benefits | | 0:01:35 | Introduction to family limited partnerships | | 0:03:40 | Benefits of family limited partnerships | | 0:05:46 | Allocation of income in a family limited partnership | | 0:06:46 | Difference between family limited partnerships and family trusts | | 0:07:50 | Contact information for Alison | | 0:08:58 | Conclusion and closing remarks | | 0:09:21 | Disclaimer about the information presented |   Powered by ReiffMartin CPA and Stone Hill Wealth Management https://www.reiffmartincpa.com/ https://stonehillwealthmanagement.com/   Join the Wealth Building Made Simple Newsletter: https://www.wealthbuildingmadesimple.us   Social Media Handles  Follow Philip Washington, Jr. on Instagram (@askphillip) Subscribe to Wealth Building Made Simple newsletter (https://wealthbuildingmadesimple.us/subscribe/) Phillip Washington, Jr. is a registered investment adviser.  Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies.  Investments involve risk and, unless otherwise stated, are not guaranteed.  Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.    

As I mentioned several times, people in the healthcare industry loves to invest in real-estate. In fact, who doesn't? While most are familiar with buying a primary residence, many are still learning about alternative ways to invest in real-estate. Have you considered real-estate development investing through a Limited Partnership? Did you know what it was? If not, well, here is your chance to learn more about it.   To leave me your comments or feedback, please email me at HMFHD2020@gmail.com.

On this 228th episode of Discovering Multifamily, Greg Butcher joins us as the Managing Partner of Blu Sky Equity Partners. Greg is an experienced real estate investor who lives near Temecula, CA. He began investing in single family homes during his career as a Marine Corps officer, but struggled to learn how to scale them. His “aha!” moment was learning about the power of syndications and the scalability of multifamily real estate. He joined a leading national multifamily education and mentoring program while preparing to retire from active duty in 2015, and has since invested in over $160M worth of real estate (over 1,100 units) as a general partner and more as a limited partner. He is a co-organizer of the National Apartment Investor Community (NAiC) Meetup group in the San Diego area and a coach with Vertical Street Ventures Academy so he can share his passion and help others get their start in multifamily also.YouTube: https://youtu.be/0CMn_kwUT38Website: www.redknightproperties.com/media   iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688   #financialfreedom #passiveinvesting #activeinvesting #investsmart #investwisely #buildingwealth #multifamily #podcast #Red Knight Properties #Anthony Scandariato #Brian Leonard #investing in real estate

This week we're talking all about Angel & Limited Partnership (LP) Investments with our host, Erica Wenger! Having worked on several successful start-up businesses of her own and now entering the world of venture capital, Erica has experienced both sides of the coin and is here to talk all about it. If you're curious about investing your money in any capacity, this is the episode for you! In this episode, Erica breaks down the similarities and the differences between Angel (start-up business) Investing and Limited Partnership (funding) Investing. Why invest at all? How to invest? Which investments are right for you? Erica is here to answer all of these questions and more while also including us in on some tips and tricks of the trade this week.Twentysomethings, if you're curious about financial investments and ready to have a new experince with money, listen in for an episode that has all the answers with our host, Erica Wenger!Follow Us!Erica Wenger: @erica_wengerDear Twentysomething: @deartwentysomething

Helping Women Build Businesses From Home while unpacking their inner SHE,E00,000 ! PLUS: explore the money making opportunities with platforms we already know, like and trust... such as Etsy, Shopify, Pinterest, Canva, Tiktok, Instagram, YouTube, and more! Choosing your Corporate filing status be it an LLC or S Corp or C Corp or Limited Partnership, can be a little daunting at first, but in the episode, Rachel breaks it down. Additional tools available in the resource link below. Rachel Medina is a Entrepreneur, Public Speaker, Christianpreneur, Mommypreneur and an ordinary woman tapping into the new and exciting SHEconemy, who built multiple businesses from home, after divorce, as a single mother over 40! The Rachel Unpacked Podcast is here to help you do the same, while avoiding common mistakes and learning the lessons she learned along the way! If you're ready to unpack your inner SHE,E00,000 and elevate your business and your mindset, the Rachel Unpacked podcast is for you. Access resources mentioned on this show here www.rachelmedina.com/connect As seen on: David Meltzer's Playbook IG-LIVE. StartEmpire Wire Podcast, Jackie Hernandez Live, Canvas Rebel Magazine, SDvoyager Magazine, Keynote Women's Leadership Conference, to name a few. > Bossbabe, Call Her Daddy, Earn Your Happy, Goal Digger, Jasmin Star, Amy Porterfield, Marie Forelo, Business Show, courses, build a business, entrepreneurship, laptop lifestyle, work from home, --- Support this podcast: https://anchor.fm/rachelunpacked/support

Hey Mamas, welcome to another episode of the Zen(ish) Mommy Podcast! Today, we're here to talk about business. Statistically speaking, the pandemic saw the highest number of entrepreneurs starting new businesses on record. Many of us mompreneurs are working with a limited budget, which may or may not include hiring an attorney. But how can you start your new business legally? Without the help of a professional, navigating this can feel like a minefield, but today's guest, Paige Hulse, is here to answer your questions. She is an attorney and business owner who focuses on bridging the gap between creative business owners and the legal world. She runs both the Creative Law Shop, a one-stop legal template shop, and her own law firm, Paige Hulse Law. She is here to answer all your questions on how to start your LLC, or get that side hustle off the ground, legally!Key Points From This Episode:An introduction to Paige Hulse, attorney, and owner of the Creative Law Shop. Paige's path to law, starting out as a litigator in the oil and gas industry.What she loved most about her job: advocating for her amazing risk-taking clients.Her disclaimer that she is sharing general advice, and you should speak to an attorney for anything specific.Why the first step is always the mindset piece: is it a hobby or a business?The clear process outlined in Paige's step-by-step guide.Getting an EIEN number and registering as a legal entity.A step-by-step guide to preparing your business for the GDPR on the Creative Law Shop.Reasons why you have to have an operating agreement.How the LLC works to protect you and your business.Why an LLC can elect to be taxed as an S Corporation.When to ask your accountant if you can file as an S Corporation.Why it is very rare that she recommends filing as a Limited Partnership.Why templates are a good starting point.Her recommendation that you form a relationship with an attorney in your state.What you need to know about starting a business with friends.How Paige slows down by building rest time into her schedule through time blocking.The benefit she gets from allocating a trustworthy team member to gate-keep her time.Tweetables:“You don't just want to Google search an attorney. You want someone who is going to have integrity, who's going to be an advocate, who's going to take care of you. It's really wise to form a relationship with an attorney from the get-go and then ask them what their processes are to become a retainer client.” — Paige Hulse [0:30:04]Links Mentioned in Today's Episode:Paige Hulse Paige Hulse on Instagram Paige Hulse Law on Pinterest Paige Hulse Law on Facebook The Creative Law Shop The Creative Law Shop on InstagramPreparing Your Business for the GDPRThe Zen MommyZen Mommy InstagramZen Mommy YoutubeZen Mommy FacebookSupport the show

Issue 47

Paul Harris connects with both Eric Angeli and Justin Tolman of Sprott to talk about the new Resource Exploration and Development Private Placement Limited Partnership Fund the company is getting off the ground.

Lee  Fjord got his start in real estate in 2012 building a property management department of a residential brokerage from 20 doors to 220 doors in 4 years. After being inspired by his clients' successes, he decided to start investing in 2016. Relocating to St. Louis in order to pursue investing in 2017, Lee began with a duplex and continued to purchase smaller properties until he found “The Power Of Partnerships” by partnering with an ex-NFL player from CA and with their combined efforts, were able to close a 38 unit apartment complex Joint Venture in Lee's backyard of St. Louis, MO in October of 2019.    After seeing the results of the 38 unit and garnering experience in larger properties, Lee continued to build momentum in investing/deal-making while building a ROCKSTAR TEAM to pursue EVEN LARGER DEALS through syndication and GREEN FOREST CAPITAL was born.   Lee has almost a decade of experience as a Property Manager, Realtor, Commercial Leasing Agent, Asset Manager, and Commercial Property Broker. A true believer and practitioner of the words of Zig Ziglar — “You can have everything in life you want if you will just help other people get what they want.”   [00:00 - 08:05] How to Use Your Small Acts to Build the Lasting Empire Lee has transitioned from a full-time broker to a full-time investor, and part-time broker, He is now working on acquiring properties in multiple states. Lee thinks that there is an opportunity in the market for operators; Who are financeable and have strength in the marketplace, as interest rates are rising.   [08:06 - 16:08] Finding the Right Partners to Grow Your Business That one way to increase the value of an asset is to decrease utility expenses, and that can be done without costing anything He then looks for partners that offset his weaknesses. Partners that have the ability to asset manage deals properly  Lee has found success in acquiring and managing real estate syndications, and he recommends doing 5-6 syndications per year to reach out to people he's already connected with Being an active real estate investor is not easy and requires a lot of work   Nico Invites you to Jake And Gino's Multifamily Mastery 5! MM5 will be held in Florida this coming November 2022  If you're joining, Nico Salgado offers early bird pricing for you! All you got to do is connect and message him through his Instagram, Facebook, and LinkedIn or email him directly at nico@smallaxedcommunities.com to get the code that you can use to avail of a discount!   [16:09 - 23:25] Limited Partnership in Property Management Lee shares that he changed his life after becoming a limited partner in a property management company and changed his perspective on investing. He emphasizes the importance of good relationships with your property managers and recommends reaching out to neighbors to get to know them. He also recommends being direct with sellers and offering them the total market value for their property.   [23:26 - 26:39] Closing Segment Final words Connect with Lee Fjord by following him on Facebook, or you can email him at lee@greenforestcapital.com, For more information, you may also visit their website at www.GreenForestCapital.com LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. I believe that you only need a small axe to build a lasting empire. Let's start building yours! To know more about me and all the real estate opportunities you can find, you can connect with me on LinkedIn, Instagram, and Facebook, or check out my website https://smallaxecommunities.com/ and book a call with me. Tweetable Quotes:    “When I approach partnerships, I look at myself first and try to find my weak places. I know where I'm strong and I know where I'm weak, and I continue to focus on making sure that my strengths grow, and then find partners that offset my weaknesses." - Lee Fjord

The recent pushback regarding WordPress.org's removal of active install growth data shouldn't be too surprising. It's not the first time that a decision made by WordPress leadership has ruffled some feathers. But perhaps the people most directly impacted by the move – plugin developers – were a bit unexpected. After all, a thriving plugin ecosystem is key to keeping WordPress growing and relevant. It's fair to wonder why anyone would want to upset this particular apple cart. Logic tells me that you'd want to do everything possible to keep this group happy. That in turn encourages developers to continue to invest in the platform. By contributing their products, and perhaps being part of the Five for the Future program, there are numerous opportunities to make a positive impact. However, it's not quite that simple. The above assumes that: a) everyone's on the same page, and b) all involved parties have purely altruistic motives. That's just not the reality of WordPress – or any other community on this planet. There's always going to be some push-and-pull between plugin developers and WordPress. The question is: what should plugin developers realistically expect from the platform and its leadership? The Limited Partnership between Developers and Leadership On the surface, the partnership between plugin developers and WordPress leadership is mutually beneficial. At their best, these entities can help each other thrive. And each deserves gratitude for the role they play. But there are limits. Even though the WordPress project is open-source and not-for-profit, money is still at stake. Many plugin developers and service providers (including Matt Mullenweg's Automattic) are for-profit businesses. And while most want to provide benefit to others, they're still obliged to consider their needs first. This brings us to the issue of active install growth data for plugins. In a competitive landscape, entrepreneurs will undoubtedly use available data to their advantage. That's not necessarily a bad thing – it's just the way business works. Yet sometimes how that data is leveraged will go against the grain. It could impact the WordPress community and project in ways that leadership isn't comfortable with. Not everyone is interested in a level playing field. And we've seen instances where companies have used dark patterns and questionable marketing tactics to get ahead. Meanwhile, WordPress.org has made these stats publicly available for years. Plugin authors have made it clear that the data is useful to them. However, no rule says WordPress must continue doing so. Fair or not, they can add or subtract metrics as they see fit. The optics of the decision were decidedly unflattering. And there has been plenty of debate on whether removing the data was justified. Still, this friction is a prime example of the relationship's limitations. WordPress Doesn't Have to Help Developers Make Money Whether you're a plugin developer or a freelancer serving clients, it's possible to make a good living with WordPress. The software provides a solid foundation on which to build your business. Odds are that this narrative describes many people's journeys to some degree. We can also admire the WordPress community's history of being relatively open and its willingness to share knowledge. It's something we see at WordCamps, on social media, and within walled gardens such as Post Status and The WP Minute. Indeed, the software is wonderful and so are many of the people involved. But we shouldn't confuse them with the goals of the WordPress project and its leadership. Th

90% of millionaires make their money with their real estate. It is a tangible asset that can give one significant returns as long as they know what they are doing. However, most people jump right in without the knowledge of how hard it could be managing those properties especially for single family units. So, what should be your first investment? You should always invest in yourself and your education first! In real estate, there is a lot of money moving around, but too many people try to skimp on perceived education costs to go right for the big transaction, with dire consequences. In TLP's first ever solocast, we are with our very own The Limited Partner Podcast Host, Jake Wiley. He is a podcaster, author, entrepreneur, CPA, former CFO, and head core client relationships for Private Equity Real Estate and Alternative Investments. Today's podcast episode is focused on Jake's biggest “why” he started venturing the real estate markets and started this show, his challenges and tribulations with managing multiple single family rental properties, and the advantages of being invested in a Limited Partnership.Topics inside:●The Limited Partner Podcast Origin Story: Intro●Jake's Challenges and Tribulations with Managing Single Family Units●The 16-Year Lesson ●The Advantages of Investing Real Estate Through a Limited PartnershipRead the FULL PODCAST EPISODE SUMMARY HERE!

Garrett Sutton is a corporate attorney, asset protection expert and best selling author who has sold more than a million books to guide entrepreneurs and investors. For more than 30 years, Garrett Sutton has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 13,000 clients protect their assets and incorporate their businesses. Garrett also serves as a member of the elite group of “Rich Dad Advisors” for bestselling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the bestselling Rich Dad, Poor Dad wealth-building book series. There are three types of entities most commonly used to own real estate: Limited Liability Company, S Corporation and Limited Partnership. Tune in for todays episode where Garrett provides a quick summary of the best entities for real estate investment. Episode Link: https://corporatedirect.com/contact/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Garrett Sutton, who is an attorney, investor and author with over 1 million copies of his book sold and today Garrett is gonna be talking to us about all the different entity structures we should be aware of as real estate investors, as well as wherever we might want to think about forming those entities because it plays a big role. So let's get into it.   Garrett, thank you so much for joining me on the show today. I really appreciate you taking the time.   Garrett: Thanks, Michael. It's a pleasure to be with you today.   Michael: No, no, the pleasure is all mine ad I'm super excited to chat with you. I know a little bit about your background and what you do kind of on a day to day basis. But I would love if you could share with our listeners who you are, where you come from, and what is it that you're doing in real estate today?   Garrett: Well, I grew up in the San Francisco Bay Area like you and I moved to Reno in 1989 and Nevada is a great state for setting up LLCs and corporations along with Wyoming. So I practiced corporate law since 1978, and became associated with Robert Kiyosaki and have written a number of books in the rich dad advisor series and you know, have enjoyed talking to people around the country around the world about how to protect your assets. As you start investing in real estate, you need to think about how you're going to protect that real estate because we live in a very litigious society, people sue each other all the time and unfortunately, they don't teach this in school, you have to get this information on your own and so that's what we provide is the information you need and then we offer a service to help you protect your real estate and brokerage and other assets.   Michael: Love it and just right off the bat, I read one of your books for our Roofstock Academy book club, it was a great read, so I can definitely vouch for it. But what are the books that you've written and then what talk to us about your most recent book?   Garrett: Well, I've written a number of books in the rich dad advisor series, including start your own corporation, that's kind of a foundational one, and then run your own corporation, a lot of my clients and I set up a corporation now what do I do, and you have to run it properly. Then I also did loopholes of real estate, which is kind of the tax and legal strategies for investing in real estate and then the newest book is veil not failed and that deals with the corporate veil, you set up an LLC or a corporation to be protected and too many people do this themselves, Michael, they just set it up online, and they don't realize that there are additional steps you have to take to stay protected and so if you don't want your veil to be pierced where someone can sue the company, there are no assets there. They can go through the veil of the company and get it your personal assets, if you don't want that to happen and that's why you set up an LLC.   Michael: That's the point, yeah…   Garrett: It's that you don't want it to happen. You need to follow these corporate formalities and so that's what the book veil not fail is about kind of stories, horror stories of people who didn't follow the rules and then in the latter part of the book, it shows you how to follow the rules so you can stay protected.   Michael: Yeah, great. and where can people find out if they're interested in picking up a copy?   Garrett: Amazon has it the veil not fail. It was supposed to be out in April, but we have this thing called supply chain problems.   Michael: I've heard of that.   Garrett: Not enough paper out there. So it's not out until November but you can go ahead and preorder it.   Michael: Fantastic. Garrett, let's talk about I think a pretty hotly contested and debated topic in the real estate space and that's LLC versus no LLC, I think and it's tough because we're I'm California based. A lot of our listeners are California based and so to have an LLC in California, you're paying at minimum 800 bucks a year and with today's cash flow based on some real estate investments that can eat in to your investment pretty significantly and so I've heard folks say, you know, forget the LLC, go get umbrella policy, go get high liability limit insurance and call it a day. Don't worry about it. What are some risks pros cons associated with doing that, that you've seen folks run into?   Garrett: You know, there's a whole area of law called Bad Faith litigation, and that's when insurance companies collect the premiums and then find a way not to cover you. All right, the insurance companies have acted in bad faith over the years. errors in collecting the premiums and then having exclusions, that little tiny print that you never read and so, you know, the insurance companies, let's face it, they have an economic incentive to not cover every claim and so they're going to find reasons not to cover you and so I always recommend that people have insurance. That's the first line of defense but these LLCs are the second line of defense, in case the insurance company doesn't cover you, or what about a situation where your insurance is, say 2 million, but the judgment is 4 million, right? I mean, you're personally responsible for that extra 2 million. If the property is in an LLC, they can get what's inside the LLC. But if you've done it, right, if you if your veil is strong, they're not going to be able to reach your personal assets for that extra 2 million. So the idea that you're just going to rely on insurance is, in my opinion, quite naive.   Michael: Yeah. Okay, I love it. I'm of the same opinion. I always, I never like to play my hand, though but I love hearing that because I come from the insurance world. So I know how bad things can go and I also have seen how they're supposed to work. But I think you're totally right, there's totally an economic incentive to not pay claims and the insurance industry as a whole gets kind of wrapped in with the folks that are doing the latter, not the former. So I think it makes a ton of sense. But Garrett talked to me about I've heard this concept, and this idea that, okay, there's this, you can be over insured, there is such a point. Now, if I go get a $10 million umbrella, because I really want to be protected. Does that then put a target on my back for a claim or a plaintiff to say, well, hey, he's got a pretty a pretty massive insurance policy, you know, I was only going to sue him for a million, but let's go after the full 10.   Garrett: Well, I mean, there are a number of factors there. I mean, having enough insurance is not a bad thing. If the claim is a million, it doesn't give the attorney the right to try and collect 10 million, you know, I mean, the claim is a million. So you know, the fact that you have extra insurance isn't a bad thing. The attorneys, you know, what we like to do, what we tell our clients is you want to have enough insurance to cover any claim and so you want to have insurance on the property fire casualty, right? You want to have a personal umbrella policy of insurance covering your home and your autos because I think that's the biggest risk out there is a horrific car wreck, right. Do you need that umbrella policy, a commercial umbrella policy over your various rental properties, maybe I had a part such a policy for a while but here in Reno, it got pretty expensive and so I just have regular insurance on the properties. I have regular insurance for my home and autos and I have an umbrella policy for me personally and so you get in that horrific car wreck. There's enough insurance money for the attorneys to get at. They know how to get at insurance monies, they get a percentage of what they collect and then if everything else is held in LLCs you know you'll have a an LLC if you own a property in Oregon, you have an Oregon LLC on title, you own a property in Utah, you'll have a Utah LLC and tie on title and then those two LLCs are owned by one Wyoming LLC. That's how we like to structure things and the attorneys are going to have a tough time collecting from a Wyoming LLC and so they leave you alone on the LLC. Do you have enough insurance to pay the claim and they'll leave you alone on the LLC is that's how we recommend our clients structure things.   Michael: Okay, and why Wyoming LLC because I know you made a very deliberate point of saying where is formed, what's the point?   Garrett: There are three really good states out there and they compete against each other to be the best which is good for us. Instead of having one federal law that applies to every single state. After the American Revolution, each state wanted their own corporate law and so now we have each state with their own corporate law in Delaware, Wyoming and Nevada compete against each other to be the best. You know, the filing fees every year that come in are pretty good. It helps fund the government. So the reason I like Wyoming over Nevada and Delaware is all three protect the owner of the LLC the charging order is the exclusive remedy and all three, but in Nevada and Delaware the annual fee is $350 a year and in Nevada they list your name on the state website. In Wyoming the annual fee is $62 a year and your name does not show up on the State web site. So Wyoming offers lower cost, better privacy and equal protection. So a lot of our clients set up Wyoming LLCs.   Michael: Yeah, okay, well, I'm sold. So being a California guy, though, this is what I've heard and would love your insights. So I've been told that California they want their piece of the pie. So I've got to register any LLC that I own. In California, because I'm a resident here, I live here, even if it has not doing business, because the way California defines doing business is basically me living here. So if I do I own property in Oregon, I own it with an Oregon LLC, that LLC is owned by the Wyoming LLC, but then I gotta register both of those here in California?   Garrett: No, you raise a very good question. So in our example, we had an Oregon LLC and a Utah LLC and if those were owned by you, as a California resident, we'd have to pay 800, twice, once for Oregon, once for Utah, by having the Wyoming parent there, the Wyoming LLC, and we qualify that one to do business in the State of California. You don't have to pay the 800 for Utah, or Oregon. So that's a way to save the $800 for all the title holding LLCs yes, one of them has to pay right $800 to the state of California and you know, California has gotten a little bit looser, you don't have to pay the 800 the first year, that $800 is a credit on the first $50,000 in profits. So it's not like it's wasted. So, you know, I've had people move from California to Nevada, because of that $800 fee. It's just infuriates people. But there is if you love living in California, there's a way to work it so you have protection, and you don't have to pay $800 for every single LLC you own across the country.   Michael: Okay, fantastic and then in going back to that example, if I've got the I've got to register the Wyoming LLC here in California, do I lose out on any of the anonymity that Wyoming affords me because now it's registered here in California?   Garrett: Yeah, you'd have to list your name in California.   Michael: Okay, all right. Yeah, maybe I will think about moving, who knows? All right, Garrett, in your book, and I want to get really nice here for a minute, because I've got you. You talk about quitclaim deeds versus warranty deeds and I think a lot of our listeners out there have utilized this practice, or have heard about this practice because if you go get a conventional loan from a traditional bank, they won't lend to an LLC. So you go get the name the loan in your name, then transfer the property title to an LLC after the fact, right. In the book, you talk about quitclaim deeds versus a warranty deed, can you give us a little bit of insight into what the difference is and why someone should think about using one versus the other?   Garrett: Well, the warranty deed or the grant deed says, I warrant that I own this property and if I don't, if I transfer it to you, and I don't own it, for some reason, you can sue me. All right. So it's a more powerful deed. The grant deed, the quitclaim deed rather, says, I don't know what I own. But I'm transferring whatever I own to you and the title companies go, well, he quit claimed that property and so that severs the title insurance, right because he didn't know what he had and so we're not going to cover him on it on a quitclaim deed and so and too many people pronounce it quick claim.   Michael: I know, I know.   Garrett: You know, and it's the same deed with a couple of different words in it. But you really always want to use the grant deed or the warranty deed because in many cases, you sever the title insurance, when you use a quitclaim deed, okay, and that's….   Michael: Okay and that's even if you're going from yourself as an individual owner to an LLC that you own 100% of?   Garrett: Right, yeah, just ask for the grant deed. Also, if you're buying property from someone, you want to insist on a grant deed or a warranty deed, because if they don't deliver the title that they've promised they are going to deliver, you have the ability to sue them for failure to perform.   Michael: Okay, super good to know, super good to know, Garrett, as people who are just getting started on their investment journey, I mean, what's the appropriate time to set up an entity because I've heard people say, I'll do it later. I'm too small. It's too expensive. You know, what are your thoughts there?   Garrett: Right at the start, you know, it's just not that expensive. We do not charge a lot of money to set up LLCs for people. It's very affordable. It's a business expense, you get to write it off. But I'll give you an example Michael and I I've told this story 1000 times, but I was in San Francisco at an event and I gave a talk about asset protection and this lady comes up to me and she goes, Well, I'd like to transfer title. I just bought a duplex and I'd like to transfer title into the name of an LLC. I go, that's a great idea. I go in California, it's $800 per year per entity and she goes, oh, I can't afford that and so I'm giving a talk in San Francisco again and she comes up to me and says, I've been sued by a tenant, I'd like to set up that LLC now. Well, it's too late, right? You know, the tenant rented from you, in your individual name, UX, they have a claim against you as an individual, and they can reach all of your personal assets as a result and once you've been sued, or even threatened to be sued, it's too late to set up an LLC. I mean, you can't put a seatbelt on after the accident. Yeah, right. So you really want to set this up right at the start and I've heard CPAs say, oh, well, you know, just set it up when you can and that's bad advice. I mean, you know, the joke I tell is that CPA stands for can't protect assets. It's just, you need to set this stuff up right now.   Michael: Yeah, yeah. Okay. I think it makes a ton of sense and I love the seatbelt analogy. I think that really hits home for a lot of folks. So as someone that's getting more sophisticated with their investing strategy, what like tools or strategies should they be aware of as they're starting to scale up and they're investing?   Garrett: Well, I think having that Wyoming, LLC is the parent holding LLC is a good strategy. We talked about an Oregon LLC and a Utah LLC owned by one Wyoming LLC and that Wyoming LLC is passive. It's not going to hold real estate, it's not going to do business with anyone, because if someone sued the Wyoming LLC, they could get at Wyoming at the Oregon and the Utah LLC. That's what the Wyoming LLC owes. So that Wyoming LLC is passive, it doesn't do business with anyone because we don't ever want it to be sued. All right. So that's a key strategy in protection. Now, if your clients are holding brokerage accounts, right, bank accounts, gold and silver stock brokerage accounts, in their individual name, the same rules apply. If they get sued personally, and they have all these assets at a Charles Schwab account in their individual name, someone can very easily get those and so what we do is we set up an LLC for the paper assets for the bullion and if you get sued, and that horrific car wreck, they're in an LLC, it's much different, much more difficult for an attorney to get at those because the exclusive remedy in Nevada and Wyoming is what's called the charging order and that is a lien on distributions in the state of California if you own an LLC that owns a piece of real estate in California, the law in California is that the car wreck victim can go to court and the judge can say yes, you've been injured, you can set forth the sale of the duplex. All right, and that is not good asset protection. So we like Wyoming and Nevada where the court says, okay, you have a claim. But here's the remedy that we offer in our state, you are entitled to distributions that come through the LLC, you can't barge in and force the sale of the real estate, you have to wait for distributions to come and that's not a good use of the attorneys time. You know, monitoring if distributions are made there on a contingency fee, they get paid when they collect on the insurance monies. So their time is better spent going to the next case that has insurance. So that Wyoming LLC that offers the charging order remedy, not where they can barge in and force the sale of the real estate but where they have to wait and monitor distributions that go to you. It's a much better system for protection than choosing a weak state like California, Utah is a really weak state, New York is weak. So we have to understand which states are strong and weak and structure your plan accordingly.   Michael: Yeah, interesting and Garrett, talking through all this kind of makes me beg the question of in our Utah, Oregon, Wyoming, California LLC example where the Wyoming LLC owns the properties. There is a holding company rather, if the tenant in Oregon falls and Sue's sues the owner. I mean how far Is this go and where is the court date held, how does that all work?   Garrett: Well, if you, if the tenant has is renting from the Oregon LLC, that's or they're in contract with, so the claim would be tenant would sue the Oregon LLC, the lawsuit would take place in Oregon, right? That's where the property is. That's where the tenant fell. The action stays within the Oregon LLC, it doesn't give the tenant a right to go down to the Wyoming LLC, which is the parent, it doesn't give the tenant the right to go over to the Utah LLC. That's a separate business entity. So the key here is that if the tenant sues, you want to get notice of that lawsuit as soon as possible, right, you want to turn over this claim to your insurance company, so that they can assist in settling the case. Too many people, Michael have this idea that if they use a land trust, where no one will ever know who the owner is, and no one will ever serve you is just nonsense because you want to get notice of the lawsuit as soon as possible. In the Land Trust scenario, they say, well, geez, no one will ever find out who the owner is. Well, what happens is they go to court and they say, Look, we tried to sue the land trust, we couldn't find out who the owner was and the court says, okay, well published notice in the newspaper. So they published it little two point type in the newspaper that We're suing the Oregon LLC, or the Oregon Land Trust, rather and you don't get notice of that either. They go back to court and say we tried to serve them, we published notice in the newspaper, and no one ever showed up. The court says default judgment, meaning the tenant has won and then when they're trying to collect, you know, you find out that you've been sued, the insurance company can say, Well, look, you should have had notice of this lawsuit, we could have defended you, but we're not covering you now. You didn't give us the proper notice and so this whole idea of a land trust and privacy is just nonsense. You want to get notice of a lawsuit, so you can turn it over to your insurance company.   Michael: Yeah, that makes no sense. I guess it's kind of like the ostrich approach like if I stick my head in the ground, I don't see it. I don't hear about it. It's not a problem.   Garrett: Yeah, it is a problem.   Michael: Interesting, okay and Garrett talked to us about some of the different entity structures that are out there. Because there's the C Corp, the S Corp, the single member LLC, multi member LLC, like should we as real estate investors be thinking about utilizing some of these different corporate structures or is really the LLC that that kind of 45 of structures.   Garrett: Pretty much the LLC is the way to go, if you're going to hold real estate, you in some cases, the limited partnership can work. If you're syndicating real estate and you want to absolute control, the limited partnership can work, you're not going to hold title to real estate in a C Corp or an S Corp or any other kind of corporation, tax wise, it's just not the best way to go. So the LLC is pretty much I mean, 98% of our formations for real estate are LLCs. The other 2% would be LPS for syndication purposes, or, you know, for estate planning purposes where mom and dad with an LP, the general partners, which would be another LLC can own as little as 2% and have absolute control over the property. So mom and dad through their LLC have 2% ownership, the limited partnership has 98% ownership owned by the kids as limited partners, and the kids can't force mom and dad to sell the property. So there are cases where the limited partnership works but in the vast majority of cases, it's the LLC that is on title to the real estate.   Michael: Okay. Good to know, good to know. I had another question for it and it totally escaped my mind.   Garrett: Well, how about fail not fail the new book?   Michael: Yeah…   Garrett: You know, people have these promoters out there just say that most wrongheaded stuff about LLC. I mean, they say that you don't need an operating agreement- wrong. They say that you never have to issue stocks or timber membership interests certificates- wrong. So you you'd need to treat your LLC, like a corporation whereby you have to follow these formalities. You have to have the annual meeting, right and the idea that you never have to have a meeting is when you get into a court of law, you're in front of a judge or a jury. I want you to have a minute book with the minutes of every yearly meeting in it and these promoters say, well, you never have to have a meeting. I want you to walk into court and tell the jury, yeah, I ran this property for 12 years and never had a meeting. It just doesn't work.   Michael: It's not going to fly.   Garrett: It's not going to fly. So you know, the reality is, when you're in a courtroom, the reality is not when you're in office with a promoter telling you don't have to do anything to maintain your LLC. It's just not accurate. Yeah, so that's why I wrote the book, because there's so much misinformation out there about corporate formalities. So with a corporation, you need to follow the corporate formalities and with an LLC, you need to follow the corporate formalities because someone suing can pierce the corporate veil on a corporation, they can pierce the veil on an LLC. It's very, and the rules are not hard to follow. They're really easy. It's just if you don't follow them, they can go through the LLC and reach your personal assets.   Michael: Yeah no, that's such a great point and also, Garrett, I mean, to that point, if someone listening is thinking about reaching out to an attorney for help with forming for entities or restructuring entities, I mean, what are some questions they should be asking and things they should be looking for, with an attorney that they want to put on their team?   Garrett: Well, does the attorney invest in real estate? I mean, I think that's a good question to ask because, you know, I invest in real estate, I've been through the wars and so it just helps you appreciate what the client is going through to have done that yourself. You know, I think some attorneys specialize in personal injury. In contract cases. I mean, you want someone who really knows the ins and outs of LLCs, and appreciates that we have good states and weak states, and that you have to put the combination together to fully protect the client.   Michael: Yeah, that makes total sense and we're recording this, let's see September 2022, what is like the reasonable cost to form an LLC, and then what are any kind of maintenance fees associated with maintaining the LLC?   Garrett: Well, we charge a flat fee of $795, in that, and then the filing fees are on top of that. So Wyoming, for example, is $100. That 795 includes the registered agent for the first year. So you're not paying any extra for that. We also have a system whereby we keep all your documents and if you have lost your operating agreement, we give you a portal where you can go on and download your documents. So we kind of have this backup service for you and then so you pay the 795, the first year, and then the second year, it's already formed, so everything drops down, you only pay 125 to four, the registered agent. Now we give you a book that shows you how to do the minutes because you really should do the minutes every year and even though we give you the book with the forms in it, a lot of people don't do it. So we offer a service where for $150 a year, we'll make sure that your minutes are done and we want to keep you in good standing, we want you to have those annual meeting minutes in your file, just in case you don't want to be in a courtroom and say I never had a meeting.   Michael: Right, it's too late, then like you said, Garrett, this has been super informative and people want to reach out, continue the conversation, take advantage of your services, what's the best way for them to get in touch?   Garrett: Well, they can go to https://corporatedirect.com/schedule/ and set up a free 15 minute consultation with an incorporating specialist that you'll work with this person all the way through the process and they'll give you a quote for what our services entail and you know, just see if there's a fit, we're happy to talk to you and so we set up entities in all 50 states, maybe you're you set up your entity already, it's an LLC, you don't have an operating agreement, you haven't issued the membership certificates. Don't tell anyone but we can clean it up for you. We also offer a registered agent service in all 50 states. So if you've got one company here, one company there we can be your one company to serve as the registered agent in all 50 states. So we'd be happy to help your listeners Michael and you know, have them call corporate direct or go, go visit the website, corporatedirect.com and there's plenty of information and articles there and kind of tells you what we do.   Michael: Amazing. Well, Garrett, thank you so much for that. One final question before I let you out of here. We've said the term a couple times. But for anyone who maybe isn't familiar, can you bring them up to speed on what a Registered Agent is and what the importance is?   Garrett: Well, the Registered Agent is someone in the state where you set up the entity or where you're qualified to do business and the idea is that instead of having someone who's trying to sue you search all over the state of Texas for you, right? The Registered Agent is an address where someone suing, you can go and serve the registered agent with service of process. So it's just it's kind of an efficient way for the justice system to work. It's one place where you can serve an LLC or a corporation, and then they're responsible for forwarding that on to you and so you want to use a reputable registered agent service that knows the importance of a lawsuit, if we get a notice of a service, we're on the phone immediately to our client, because you've only got 30 days to get an attorney and answer that complaint. So you don't want a mom and pop that is going to go out of business or doesn't appreciate the consequences of being served with a lawsuit. So it's an important function and if you fail to pay the Registered Agent, they're going to refuse service a process and then they're, you know, the person suing us is going to go back to court and get, you know, authorization to publish notice in the newspaper, and again, you're not going to get noticed to this cert of the claim. So you want to have that registered agent on your team at all times.   Michael: Yeah, yeah, super great point and the Justice Department looking for efficiencies. That's not something I maybe I've ever heard before. So really exciting stuff.   Garrett: It's something that does exists, so…   Michael: Oh, Garrett, thank you. Again, this was super informative, and I definitely would love to have you back on once your book comes out in November.   Garrett: That sounds great. Thanks, Michael.   Michael: You got it, take care. We'll chat soon.   Garrett: All right.   Michael: All right, everyone, and that was our episode a big thank you to Garrett for coming on. Definitely take advantage of that. 15 minute free consult if you're interested. As always, if you liked the episode, feel free to leave us a rating or review. We'd love to hear from you all and we look forward to seeing on the next one. Happy investing…

On this episode, the Co-Founders take a deep dive into the concept of limited partnerships. When you enter into a limited partnership in the real estate investing world, there are pros and cons that come with it. In the previous economic cycle there was much more growth potential with limited partnerships, but in this new economic cycle, that may not be the case. However, “A limited partnership is a great place to start when learning the mechanics of REI, like raising the money, underwriting, and staying passive at the same time,” says Gino. Talk to our Team to find out if the concept of a limited partnership aligns with your priorities and financial goals. Key Moments: 00:00 Introduction 02:24 What a limited partnership in real estate investing is all about? 06:08 Factors to consider when looking for the right RE deals to invest into 08:45 Advantages and disadvantages of passive investing 13:15 Align with your goals when choosing a limited partnership 16:03 Beware of money-back schemes 19:50 A lot of limited partnerships are not cash-flow positive 26:24 Leveraging the 100 Year iFlex Strategy 29:00 The benefits of establishing a whole life policy for your business 31:55 Wrap-up WANT MORE? WATCH THIS: https://100yearrei.com/buying-for-the-long-term-with-howard-marks/ ^^^Hear Jake and Gino talk on the “buy-low, sell-high” strategy that most investors try to apply when planning for the future, and the dynamics involved in when the opposite happens- buyers end up buying high and selling low. About The 100 Year Real Estate Investor The Whole Life Insurance Policies offered by the 100 Year Real Estate Investor are specially-designed. This means they work harder toward achieving your financial objectives, no matter what they may be. Check out this blog for 7 facts about our specially-designed strategies that may not be true about typical whole life policies: https://100yearrei.com/7-facts-about-specially-designed-whole-life-policies/ #realestateinvesting #lifeinsurance #cashvalue #iFlexStrategy #100year #limitedpartnerships About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company that controls over $4,000,000,000 in assets under management. They have created the Jake & Gino community to teach others their three-step framework: Buy Right, Finance Right and Manage Right®, and to become multifamily entrepreneurs. Subscribe to this channel: https://ytube.io/3McA Sign up for free training: https://jakeandgino.mykajabi.com/freetraining The resources you need to succeed at every level of apartment investing: https://jakeandgino.com/resources/ Apply for Mentorship: https://jakeandgino.com/apply/ #realestate #multifamilyrealestate #multifamilyinvesting #investing #apartmentinvesting Jake & Gino Facebook: https://www.facebook.com/jakeandgino/ Jake & Gino Twitter: https://twitter.com/JakeandGino Jake & Gino Linkedin: https://www.linkedin.com/company/jake-and-gino-llc/ Jake & Gino Instagram: https://www.instagram.com/jakeandgino/ More ways to engage with the Jake & Gino Investor Community: MM5: https://jakeandgino.com/mm5/ Rand Cares: https://jakeandgino.com/randcares/ The 100 Year Real Estate Investor: https://www.dualassetstrategy.com

In today's episode, I'm joined by Sam Giordano, a gastroenterologist, author, professor, and co-founder of the LP Deal Analyzer Tool. In his free time, Sam is a passive real estate investor as a limited partner and created a tool to help him sift through the hundreds of pages of real estate deal analysis and legal information involved for every deal. After creating the tool for himself, he partnered with an experienced real estate underwriter to take it to the next level where they plan to continue to improve the tool and make it even easier for physicians to process private placement memorandum.  In this episode, we talk about… [3:00] Sam's background as a practicing gastroenterologist and passive real estate investor  [3:39] Why Sam decided to go into commercial real estate investing  [7:49] How Sam felt when he got his first private placement memorandum and how that sparked the creation of the LP Analyzer Tool  [9:47] How long it took for the LP Analyzer Tool to actually come to fruition  [14:08] How Sam determines which deals are going to be worth his while  [17:38] What Sam's co-founder Terry Kipp added to the LP Analyzer Tool to make it even better  [21:33] Sam's first job  [22:28] What Sam would be doing for a living if he wasn't a physician  [23:38] What Sam does every day for healthy self care [24:41] What Sam is currently reading or listening to for news, inspiration, or information  [25:47] Whether the desire to heal is born or trained [27:28] Whether leaders are born or trained Links to resources: www.passiveadvantage.com Deal Analyzer Tool    Subscribe, rate and review: www.providerspropertiesandperformance.com Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/   About Trisha: WEBSITE: www.docproperties.com LINKED IN: https://www.linkedin.com/in/trishatalbot/ Email inquiries to: info@docproperties.com

Today, we invited Randy Langenderfer to the show to share his focus on providing value to investors and passive income returns for full-time professionals. If you want to gain more knowledge about the business's limited and general partnership side, where to access education as a starter, and minimize investment risks, this episode is for you!WHAT TO LISTEN FORThe fundamental role of a general partner in a dealWhy education is important before taking any action in real estateThe current state of multifamily real estate in an inflationary periodWhat is hard money lending and how it works as a businessInsights on formal education and self-educationRESOURCES/LINKS MENTIONEDThe Psychology and Mindset of Success with Rod Khleif https://podcasts.apple.com/ph/podcast/26-the-psychology-and-mindset-of-success-with-rod-khleif/id1600468916?i=1000564789996Rich Dad Poor Dad by Robert Kiyosaki   ABOUT RANDY LANGENDERFERRandy has been investing in real estate since his first primary residence purchase of a duplex. He got his commercial real estate start as a private money lender in the remodeling of single-family homes in South Florida, Ohio and Texas with a combined market value in excess of $2.5M. He invested in several assets as a limited partner and progressed into the general partner role. Today, the InvestArk portfolio has invested in over 4,000 units in TX, OK, OH and LA. His investment goals have always been focused on providing above-average passive income to investors by improving communities using a safe and time-tested approach. He is passionate about helping others achieve their goals in real estate and has been a part of several educational programs and is currently a coach in Rod Khleif's organization. Randy has 25+ years of various corporate leadership experiences in multiple industries, primarily in the risk and governance areas. He currently serves as the Chief Compliance and Audit Officer for a large academic medical institution in Houston, TX. He has a bachelor's degree in Accounting, Information Systems, an MBA in Finance and is a CPA.CONNECT WITH RANDYWebsite: Invest Ark https://www.invest-ark.com/Email: randy.langenderfer@invest-ark.comCONNECT WITH USTo learn more about investment opportunities, join the Cityside Capital Investor Club.Follow us on Facebook: Cityside CapitalFollow us on Instagram: @citysidecapital_tim_lyonsConnect with us on LinkedIn: Tim Lyons

Studio Soundtracks takes listeners behind the scenes of how music is crafted for film and television by hearing directly from composers, songwriters and music professionals in the Entertainment Industry. Listen to inspiring conversations about composition and hear works from Emmy, Grammy, and Oscar-winning film scores on the show. ALLYSON NEWMAN: Allyson Newman earned her Master's degree in Composition from the Sydney Conservatorium of Music. Her first feature film, Watermark, screened at the Cannes Film Festival in 2003. She then moved to LA to study film scoring at USC. Allyson has been awarded both an Australia Council for the Arts Grant and an Australian Guild of Screen Composers Award. Allyson scored the multi award winning documentary feature Limited Partnership that premiered on PBS Independent Lens in 2015. In 2016 Allyson scored the Emmy nominated media series Her Story. In July 2017 Allyson participated in the BMI Conducting Workshop and then went on to score Kusama-Infinity which premiered at Sundance and was released theatrically around the world in September 2018. Allyson collaborated with Oscar Winning directors Jeffrey Friedman and Rob Epstein to score State of Pride which opened the SXSW Film Festival 2019. In 2019 Allyson scored Making Waves: The Art of Cinematic Sound which had its premiere at the Cannes Film Festival. She is a member of the Television Academy and is on the leadership team for the Alliance for Women Film Composers. Most recently Allyson scored the HULU series First Day and is currently in production for Season 3 of The L Word- Generation Q as well as a new Netflix drama series called Partner Track. JASHA KLEBE Jasha Klebe is a composer known for emotive melodies and impactful scores. Most notably, Jasha co-scored the BAFTA and Emmy nominated music of BBC's Planet Earth II, alongside Hans Zimmer and Jacob Shea. He additionally provided music to the follow up series, Blue Planet II, as well as wrote the Emmy nominated music of National Geographic's Challenger Disaster: Lost Tapes. Jasha also composed the score to Netflix's Oscar nominated documentary, Winter on Fire: Ukraine's Fight For Freedom and National Geographic's, Diana: In Her Own Words. In 2019, Jasha composed the score to the Emmy-nominated Netflix documentary, The Black Godfather, directed by Reginald Hudlin and produced by Nicole Avant. In 2021 he scored FOX's Malika the Lion Queen narrated by Angela Bassett as well music for Garrett Bradley's Naomi Osaka series. He also wrote the music for Imperative Entertainment's podcast, The Agent, as well as Netflix/Plimsoll's nature documentary series, Animal. His music can be most recently heard on Peacock's upcoming reimagining of Queer As Folk, created by Stephen Dunn and executive produced by Russell T Davies. Jasha began his musical career at the age of 5, singing at his Grandparents' opera house, Cinnabar Theater, in Petaluma, CA. He studied classical piano and trombone for over 15 years before he moved to Los Angeles and started working at Remote Control Productions under Hans Zimmer. Over the 4 years with Hans, Jasha wrote on such films as The Dark Knight Rises, Rush, Man of Steel, and several other notable projects. Jasha was also the music arranger for the 84th Academy Awards, as well as keyboard/ synthesizer player within the event's orchestra. In 2013, Jasha began to serve as one of the headlining composers at Bleeding Fingers Music. Within this role, Jasha contributed countless hours of music to some of the most acclaimed series on television, including shows on ABC, CBS, MTV, Netflix, Lifetime, A&E, The Discovery Channel, The History Channel, National Geographic, BBC, and he performed live
on The Late Show with Colbert alongside Shea and Zimmer. Jasha currently lives and works in Los Angeles, CA.

Society teaches us to save money for rainy days. But to build wealth, we have to take it a step further and put our money to work. The Dreamer on the show this week, Keisha Kennedy, started building wealth in real estate through residential properties and has now invested in over 500 units through real estate syndication. She is an army veteran who is passionate about helping minorities and veterans change the trajectory of their lives by building generational wealth and attaining financial freedom through real estate.Keishia Kennedy began investing in real estate in 2011. She shares her journey, purchasing her first property in 2011, and acquiring all of her properties as a long-distance investor, and becoming a general partner in real estate syndication.In this episode, Keishia discusses:Being an army veteran and investing in over 500 units through real estate syndication as a long-distance investorWhat real estate syndication is and how it worksWhy she moved her focus from residential real estate to apartment syndicationThe types of returns on investment she has seen in real estate and the returns she expects on syndication deals Why real estate syndication is a good way to build wealthThe difference between a limited and a general partner when investing in real estate syndicationIf you enjoyed today's episode, here's what you can do to support me and help more Dreamers discover the podcast:Leave a review on Apple Podcasts or wherever you listen to podcasts. I read every single review. I will select one review to read on the podcast every month.Follow the podcast, so you never miss an episode: Apple Podcasts | Google Podcasts | Spotify | iHeart Radio | Amazon Music | Listen NotesShare the podcast with your family, friends, and co-workers.Tag the podcast on Instagram @thedreamers.podcast and let me know what you like about it.Would you rather watch this episode? Go to our YouTube channel to enjoy the video version. And while you're at it, click the bell to subscribe so you can get notified when a new episode comes out.Dreamers' Wealth of Wisdom:I want to be a general partner because I want to cater to people that look like me, the people of color. There is a wealth gap and I want to be their voice. - Keishia KennedyThe lesson that I have learned as far as being a general partner is that not everyone is going to invest in your deal. - Keishia KennedyConnect with Anne-Lyse:Website InstagramInstagram (Personal) Other Episodes You Might Like:How to Build a Six-Figure

Today on Real Estate Mortgage Shoppe we are going to be sharing some stories and giving you some financing tools coming soon that you can use to construct, renovate, or modify your current home or a house you want to buy. Michael Brooks, Vice-president-National Construction and Renovation Division at Cardinal Financial Company, Limited Partnership will be describing existing loan products and some very unique programs coming soon. Also, joining us is realtor Silvana Piadade of EXP Realty.

Jim Biggs is a founding partner at Jiroma Enterprises and The GOB Network. He controls real estate interest in Illinois ( 5 SFR's, 2 apartment buildings), Texas (3 apartment complexes ~250 units) and in Oklahoma (88 unit apartment). Jim Biggs began his career as a ship builder and welder for the Nashville Bridge Company. He then joined the United States Air Force and was selected into an elite group of the USAF nicknamed the Walking Airforce aka “Global Survival Instructor” today known as SERE. After leaving the USAF, After a career in Retail responsible for new store openings, hiring, departmental development, training and merchandising; he transitioned to a sales career, as regional sales manager for a global concern. Which launched a 20 year entrepreneur journey in automotive franchises representing Chrysler Plymouth Dodge and Lincoln Mercury. In this episode, Jim discusses how he was able to achieve his current level of success despite hardship, the importance of having the right mindset and attitude when it comes to business, and how starting small can help you win big. Let's get started!   [00:01 - 11:05] Opening Segment Get to know Jim Briggs How football set him in the right direction Jim is a big believer of hard work [11:06 - 28:56] Achieving Financial Freedom through Real Estate Investing From an Air Force to Real Estate Investor How Jim scaled his real estate portfolio Transitioning from Limited Partnership to Key Principle to General Partnership The common misconceptions about Jim's work What GOB Network do that separates it from other commercial real estate mentorship program  [24:58 - 35:06] Closing Segment A quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending, and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor.  Learn more about Personal Capital at www.escapingwallstreet.com  The best and worst investment Jim has ever made The most important lesson Jim has learned in business and investing   Connect with Jim Briggs at www.gobnetwork.com   Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.  Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes          Tweetable Quotes “If you ever want to get by in this life, you have to work hard, put your nose to the grindstone, and show up every day.” - Jim Briggs   “Every deal you do, you're going to make a mistake. Every single deal, whether you've done one deal, or 100 deals. You're going to make the most mistakes on the first one. And those mistakes are going to be magnified. So if you completely fail, you want to fail on a small 10 unit deal where you may have had one or two investors, or do you want to fail on a $10 million deal, where you may have had 50 investors? I want to fail on the small one, because who is my investor on my first deal? Your family, your friends, and they're going to be a lot more forgiving. If you fail on that big $10 million deal, a lot of those people don't know you that well. And they're not going to be that forgiving. And it will probably be the last deal you ever do.” - Jim Briggs

Hier ein Überblick, welche Rollen ein Wohlstandsbildner innerhalb der Beteiligungsmöglichkeiten einnehmen kann: Aktionär, Kommanditist und einfach nur Besitzer bzw. Auftraggeber. So unkompliziert! Doch es ist gut, die damit einhergehenden Rechte und Pflichten zu kennen.

In this episode, Jim Garrity addresses one of the most widely-held misconceptions about deposition practice. He also provides practice tips when an opposing lawyer "invokes the rule" and demands that one or more of your attendees leave the deposition room, to prevent them from hearing a deponent's testimony. Garrity also shares tips from the opposite viewpoint - what to do when you're the lawyer who wants attendees excluded. As always, we've included case citations below to decisions on the topic covered in this episode. Thanks for listening! (Questions? Topics you'd like to suggest Jim cover? Email us at depositionpodcast@jimgarritylaw.com).SHOW NOTESPanama City Beach Condos, Limited Partnership, etc., 2009 WL 10674351 (N. D. Florida February 3, 2009) (sanctions imposed against lawyer who frivolously argued that FRE 615 applied to depositions and required exclusion of certain people from deposition room)BCI Communications Systems, Inc. v. Bell Atlanticom Systems, Inc., et al., 112 F.R.D. 154 (N. D. Alabama September 16, 1986) (defendants not entitled as of right to invoke rule of sequestration in oral civil depositions, where only reason asserted for protective order was garden or boilerplate variety, such as risks of collusion or fabrication)Hamon Contractors, Inc. v. District Court of First Judicial District, 877 P. 2d 884 (Colo. 1994) (holding that state court evidence rule 615 does not apply to depositions, and that general rule authorizing protective orders was proper mechanism to seek exclusion of persons from depositions)Rocha v. Unknown Parties, et al., 2020 WL 6063295 (D. Arizona October 14, 2020) (rejecting application of rule of sequestration based on generic arguments that three police officers would coordinate their testimony if they sit in on each other's depositions)Brown v. U. S. Department of Veterans Affairs, et al., 2019 WL 13137937, Case No. 18-cv-54-PB (D. New Hampshire April 16, 2019) (plaintiff allowed to have person present in deposition to provide “moral support,” although person could not participate in any way in the deposition)Howlett v. Chiropractic Center, P. C. 460 P.2d 942 (Sup. Ct. Montana March 31, 2020) (holding that state rule of evidence 615 did not apply to depositions, and also noting that plaintiff did not seek to have rule of sequestration applied to perpetuation deposition)Huber Baking Co v. Frank C. Sparks Co, et al., 81 A.2d 132 (Superior Court of Del. April 24, 1951) (motion for protective order seasonably made on day of deposition where movant had no reason to believe multiple people would attempt to sit in on deposition)Smith v. Southern Baptist Hospital of Florida, Inc., etc. et al., 564 So.2d 1115 (Fla. 1st DCA 1990) (rule of sequestration applies at trial, not to depositions, and can only be accomplished in depositions through rule authorizing protective order to protect against annoyance, embarrassment, oppression, or expense; held, nonparty doctor could sit in and observe deposition)Federal Rule of Evidence 615 (sequestration rule)Federal Rule of Civil Procedure 30(c)(1) (specifically excluding rule of sequestration from application to depositions)Federal Rule of Civil Procedure 26(c)(1)(E) (authorizing court to designate who may, and may not, attend depositions in a given case)

How to scale up to institutional joint venture equity? General partnerships. Limited partnerships. Joint ventures. New investors and business owners will encounter these business entities at some point in their lives before they even think about the possibility of scaling up. The important thing is for them to understand what they really are and what fits their businesses the best.  Here to unwrap these topics to us is Jake Clopton, President of Clopton Capital that structures commercial real estate financing, specializing in the $1 to 50+ million debt and equity space. Jake was an interbank hedging products trader before he jumped into real estate.  [00:01 - 03:41] Opening Segment What happened in 2009 that promoted Jake Clopton to change careers? Jake didn't have a background in real estate business Here's what he did to learn [03:42 - 18:25] Structuring Joint Ventures How to bring together lenders and borrowers in real estate Jake gives a sneak peek of their approach Real estate syndications vs. joint ventures What's the difference? The fees that are common in a joint venture that investors should know Jake shares a few industry practices about joint ventures that you don't want to miss! [18:26 - 19:27] Closing Segment Reach out to Jake See links below  Final words   Tweetable Quotes “I didn't have a background in the [real estate] business really. Candidly, I just started making phone calls and calling people and calling banks and trying to find lenders.” - Jake Clopton “Once you hit that critical mass of screwing up so many times, you start to do things right.” - Jake Clopton “When I put together like a package to send to one of our [joint venture] guys, I really want to focus on who is the sponsor.” - Jake Clopton   -----------------------------------------------------------------------------   Email jclopton@cloptoncapital.com to connect with Jake or follow him on LinkedIn. Are you looking for a commercial mortgage broker? Visit Clopton Capital now! Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.   Facebook LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below:   Jake Clopton  00:00 I really want to focus on who's the sponsor. What's their track record, you know how many deals they entered an exit? And did those deals work out the way that they modeled them? Right? And that's the biggest thing like, you know, you're putting together a pro forma, how did it work out? Right? I mean, things don't always work out exactly. Like you say, you're pro horror. But that's the biggest deal, right? What was the execution of these deals? And did it work out kind of the way we're pitching as an investment to somebody else?   Intro  00:25 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we will teach you how to scale your real estate investing business into something big.   Sam Wilson  00:37 Jake Clopton is the president of Clopton capital, they are a nationwide commercial real estate finance company. They arrange debt and JV equity for all commercial real estate asset types. Jake, welcome to the show.   Jake Clopton  00:48 Thanks so much for having me on   Sam Wilson  00:49 Pleasure's mine. Same three questions asked every guest who comes on the show. In 90 seconds or less, can you tell me where did you start? Where are you now? And how did you get there?   Jake Clopton  00:56 Okay, got it. So before I started this company, I traded interbank hedging futures, like three-month LIBOR futures and fed funds and stuff, and I quit doing that around the 2009 era, laid out three hours what happened, then interest rates went to zero. And, you know, if you trade things, I need to move around. And this was happening anymore. So at the time, right, there was, you know, a huge crunch to find business capital. So my idea was to move into finding a way to insert myself, you know, into the mix of being able to find capital for people, right. And so we did right here. We're an intermediary, we connect sponsors with capital sources. Right. And I didn't have a background in the business really. Candidly, I just started making phone calls and calling people and calling banks and trying to find lenders, and then putting it out there that what we were doing, and it, 14 years later, man, I mean, that's, you know, it's working out pretty well.    Sam Wilson  01:50 That's really intriguing. I want to hear more about that, like, you know, you start calling banks randomly. I mean, there's got to be more to it than just throwing mud against the wall and seeing what sticks.   Jake Clopton  01:59 No, yeah, certainly. I mean, you know, whenever you started something new, right? I mean, I didn't know, and maybe, I guess I'd say all the lingo and you know, exactly, you know, who to get through to, but one thing I'm pretty good at is cold calling people, I have absolutely no problem with it. I mean, I'll stalk them down, like I'm their ex-girlfriend. So I just really just started, you know, calling banks and lenders and networking. And honestly, it was really the networking, right, like asking people to, you know, connect me with people and like, hitting up social media in researching people in and really, you know, after, you know, you kind of envelope yourself, and then making your life for a couple of years, you know, it catches on pretty quick. We made a lot of mistakes, right? Just, you know, this, how do business starts, right? And once you hit that critical mass of screwing up so many times you start to do things right. So…    Sam Wilson  02:47 Yeah, that's intriguing. So the whole, you saw in the market, of course, was that there was no money available. And then you saw that there were people that needed money. And you said…    Jake Clopton  02:54 It was a financial crisis, right. I mean, that was the difference between 2009 and 2020. Right. 2009 was a financial crisis, right? There are bank balance sheets, right? There's no lending. That was the issue, 2020, that markets were healthy the entire time, there was lending available. And that was never the problem. And that's one of the reasons why you've seen such an enormously fast recovery, right? I mean, there was all these social programs and stimulus as well. Right. But I mean, the fact that the capital markets were healthy the entire time. I mean, that really is what springboard it for.   Sam Wilson  03:25 Right? Yeah, absolutely. That's really, really intriguing. So I mean, out of the gate, you had to have at least a handful of people saying, hey, I need money. And then you had to have at least a handful of people saying, hey, I need to lend money. How did you put those two together? And then how do you guys make money on that different, putting those two together?   Jake Clopton  03:42 Right. I mean, so, you know, I mean, what we do today is, you know, I've reached out to people that, you know, we think would be good sponsors to work with, right. So people that are in doing real estate deals, you know, syndicators, or private investors or small middle-market real estate companies, right. So we finance in like, the small middle-market space, which kind of says, like, one to 100 million, although with inflation, I feel like no markets getting higher than that. Right? So, you know, we actively go out and talk to people, and now we're gonna be I'm gonna do this for 14 years now. So I mean, at this point, people are just kind of finding us in different ways, right? And then, you know, the same thing for the capital market side, right. I wouldn't say every intermediary or broker out there has the same relationships in the capital markets. I mean, candidly, I think, you know, certain guys get great relationships with, you know, lenders, and they're able, maybe we'll do things that other guys aren't because of that relation. I mean, at the end of the day, on both sides, it's really still people making decisions. And if you've got a great relationship with one side that you can kind of push a deal through or knows like, Hey, this is really something you guys do look at, I think this would be a good deal to finance you know, I mean, that definitely, you know, carries weight.   Sam Wilson  04:50 Yeah, that's really, really intriguing. Now, what you guys are doing is different. You know, what we typically talk about or see a lot in the market right now is you know, a GP, LP structure. Were you know, I'll be the general partner, and then we'll bring in a bunch of private investors, you know, maybe 20. And investors, they'll put their money in there, the limited partners in the deal, you guys are doing something entirely different than that in by calling it JV, Limited Partnership money, is that mean? You guys are bringing all of the money doesn't mean you're bringing 90% of it? What's that mean? And then how are those deals structured?   Jake Clopton  05:19 Yeah, so the real difference is, one is a real estate security that's highly regulated, and one is not right. And the one that's highly regulated is the passive investors that don't really have a say, in what's going on. Right? So joint venture partners, right? I mean, the first thing that's gonna stick out to you is there's gonna be a joint venture agreement, right, they have controls, you know, they can make decisions, they can force a sale, stuff like that, you know, just because of the limited partner doesn't necessarily mean it's going in a direction. But it's more about the actual joint venture aspect of it. If you're doing passive investing, you know, that's a real estate security. And, you know, you've got a lot of rules that you need to adhere to right, typically go either broker deal, or doing PPM and stuff like that. So as soon as you see certain things like a PPM, right, the offering, you know, stuff like that, you immediately know, right, it's a security type deal. And candidly, that's where I see some sponsors kind of, you know, get themselves in, or possibly in the future, a little bit of like heat, because if you're structuring stuff as passive investments, and you know, you're not structuring it the right way, and going through the right channels instruction, real estate security, if something happens, you know, you might end up getting a phone call about that later on the future. Right. So something to keep in mind for sponsors that are raising equity like that.    Sam Wilson  06:35 Oh, for sure. Lots and lots of landmines. Tell me about the structure. I mean, one of the things you just pointed out, one of the interesting nuances, is that you guys have a controlling interest in the deal. So what are some other kind of differences between, you know, the ordinary syndication model, and then the JV limited partner model?   Jake Clopton  06:52 Yeah. So if you're doing like a syndication, right, so what are your, you know, the people watching that, listen to the show, watch the show, is investing with a syndicator, they're most likely, right? One of I don't know, depends on how many how big the raises, but maybe one of 50 people or something like that 50,000 bucks a pop, right? In a JV scenario, typically, that will raise there's really one investor and I think on both sides and the GP LP, you typically do a 9010, right, 90% of the equity is the LP partner, and then 10% is going to be the GP, but the biggest, you know, different squatter structure is syndicators got all these smaller individuals, you know, that are just investing capital and they don't have really a say they're just along for the ride whereas with JV, you know, you've got one investor primarily maybe could be, you know, a fund or maybe like a family office or something like that, they typically want to be the single LP investor, I mean, even as getting as high as like 20, 30 40 million bucks, you know, as an equity check. And then, you know, that's gonna be the biggest difference. And then they are gonna have controls, for instance, most of the JV deals we do are shorter term in nature, like value ads, or construction in a three to five-year timeline. Right, right. So if they can't recycle their capital, kind of in that timeline, they could potentially force a sale and stuff like that. I mean, as an investor in a syndication, again, years along for the ride, you can't do that. Unless you the only way you're getting out ahead of times, if you sell your position to somebody else, and I'm guessing you're doing it at a loss if you do that.    Sam Wilson  08:19 Right. Yeah, that's, uh, you bring up a good point there. Yeah, that you could sell your position. Maybe it's not even at a loss, but it certainly is a hassle. And yeah, oh, for sure. And you know, I'm gonna take a left turn here, since we're talking about it. I think it's interesting, the idea of blockchain real estate coming, which will bring some potential liquidity to that. I don't know if you've studied that at all. But the ability to sub out investors quickly and easily is, I think, on the horizon.   Jake Clopton  08:41 Yeah. I mean, I think it's got a long way to go. I mean, you could do it today, right? And the whole, like, value proposition of it is that there would be this liquid market with a bid and an ask, right, right, where if you're like, hey, gotta get out. Let's go to the market, we'll hit the bids, you know, and then we'll sell.   Sam Wilson  08:59 And that assumes anybody knows anything about you know, if I'm putting a deal together, and you put it out in the open market, no one's gonna know who Bricken Investment Group is really sorry. But I mean, the vast majority of United States, like who's that and what do they do again? Like, you know, we have less than 100 investors. Okay, that's really nobody. So yeah, that's really intriguing. Sorry, to go down that rabbit hole. But I just thought it was an interesting point you made there. Talk to me about, so you guys bring 90% of the deal. I mean, what's your percentage of ownership in it?   Jake Clopton  09:26 You know, so every deal is a little different. Right? So I mean, it's really a joint venture as far as ownership. So um, you know, the way we model it more is based on like, what the returns of the LP investors are, right, ultimately, that they're looking for. And typically, you know, what the returns they're going to get are somewhere, you know, it, well, depends on the deal. But I say the average is high teens, and then like a 201, equity, multiple, you know, minimum. So that's really what these guys are going to be looking for the most part. I mean, the returns, in general, are heavily weighted towards the general partners, but you know, I mean, it's different for every deal and you partners, you know, depending on what they're bringing to the table, you know, command more ability more leverage, right to get a better return. Like for instance, now let's say I bring a general partner to the table, they find a deal on LoopNet and they're using a third-party management company as a property in Texas and the guys in I don't know, New York or something, right? That's, you know, maybe a DLT guy doesn't have his nor module enormous amount of leveraging, right? I mean, basically, all third party-managed finding a group that is out there, the LP probably saw the deal. Right, right. The big difference between a guy, you know, an operation that's vertically integrated, meaning, you know, they went out, they originated the opportunity themselves, that's the only way somebody has access to it. Right, Those are, really, on the market, they're all they also do their own management, you know, they're all in contracting work and everything like that. I mean, that's a deal that those guys are going to have a lot more leverage to get better return for themselves versus, you know, before.    Sam Wilson  10:54 Yeah, absolutely. So, you know, it's a joint venture deal. When it comes to fees and things like that. I mean, again, going back to the GP, typical GP, LP structure, and just kind of doing a cross-comparison of these two, you know, one of the ways that sponsors get paid is obviously on acquisition fees. For us, that's all we charge an acquisition fee, and we're done. There's never a fee, again, on the dealer, maybe an asset management fee, you guys cut those out and say, okay, look, we're bringing 90% of the capital, there's no acquisition fees. And this is, you know, just to get pretty lean on that front.    Jake Clopton  11:23 No, there is, you know, there is a level of market fees, right, that, you know, we can get any deal. And, you know, typically, you know, what the things that they're very going to be very focused on is how much capital do the GPs actually have left in the deal? After you extract out the fees? Right. And that's really the biggest concern, right? I mean, I really care that some GP is, you know, getting a pointer to at closing, but what I really care about is that they still have, like, actual skin in the game, post that, and so it's like some of the deals, you know, we see that, you know, are really hyper packing fees, like a 4% acquisition fee, plus a 2%, asset management fee, plus a construction fee, and this and that, and then oh, they're also using third party management and knowledge, you know, what I mean? Like, I've seen it get really built up, and like, I don't know, it feels like I'm just financing a job. You know, but yeah, I mean, I would say, you know, market acquisition fees, you know, one and a half, it's up to 2%, you know, if they're going to be doing the manage themselves, sure. management fees. Right. But, you know, it depends also, you know, bringing up what I said before, is no access to the deal, and how it was originated. I mean, for instance, if the guys originate it completely themselves, you know, and there's no real estate brokers, and it's just a unique deal to them, those access to it, maybe they get a bigger acquisition fee of that, right.   Sam Wilson  12:42 That's really, really intriguing. So I mean, I love everything you're breaking down here for us. Thank you for that, talk us about the credentials of the sponsor, like when you guys look at because I know, that's probably one of the biggest things you look at, you need somebody I'm certain with a track record that knows what the heck they're doing. But by the time you get somebody with a track record that knows what the heck we're doing, have they not crossed that threshold where they don't need a 90%? JV equity partner anymore?   Jake Clopton  13:06 No, actually, I would say probably the opposite, right. So a lot of the guys that we end up working with, they're going into, like, the more institutional equity space, are actually making the jump from doing deals themselves using, like, you know, private investors, like friends and family money or a small pool of private investors, and they want to, you know, scale, they want to leverage it even more, right? And so what do you need to do that, you need better access to equity capital, right. And so once you move into, I mean, just think about it, like, as far as, like an operational perspective, like, let's say, you were doing, you were doing three deals, and you have 20 investors, and each one of those three deals, right? I mean, the reporting alone to all what 60 investment man, that's a lot. So if you want to scale out to 10, 12 deals you have, and each one of those is 20 investors or 30. I mean, think about, I mean, just the internal reporting, extremely cumbersome, you know, it makes a lot more sense to kind of go in to go to, you know, a little bit larger sources, where there's like, one big pool of capital that you can do successive deals with, and obviously, you're doing one investor instead of 20. On every deal, right? The guys that want to scale, you know, they're typically going to keep their equity, you know, kind of reserved for GP equity. I mean, the GP equity returns are, you know, if you leverage that without paid significantly higher, right, then just the LTV is getting, or what you get without it. So, you know, that's the whole thing. You want to keep those 30, 40% returns going leverage that into more deals, and, you know, also kind of have the bandwidth to manage that. And realistically, you're going to, you're going to want to move into more of an institutional style, you know, LP, I don't mean BlackRock, right. I mean, like, you know, smaller middle-market funds, maybe family office, but, you know, the guys that we like to use the most are, you know, and I care about the structure of the money that we're bringing to the table. You know, I'd like to use funds, right? So capital that's raised around a strategy that's being deployed for a specific purpose of investing alongside GPS, right, you know, when you start getting the private investors and family office base, you know, you kind of get a little schizophrenia, you know, there and it's like, you know, they're involved in lots of stuff and they don't have to put their money out and the stock market goes down 10% They're like, well, we can't find the deal now, because we got away, you know what I mean? So, I mean, those things happen, for sure you don't want to get left, you know, you'll get stood up, you know, at the closing table, because, you know, whatever, the Dow took a dive the day before.   Sam Wilson  15:24 So, that's really, really intriguing. That's not something I would have thought of. But I guess that is always a risk there. When you have someone bringing the lion's share the money is there. They could, I mean, until that check is cashed. They can walk. Have you seen that? Right. And how do you avoid that? If so,   Jake Clopton  15:38 I've never had it happen to me, because we, again, I target the capital that's earmarked directly for this right for our sponsors. And that matters, right? I mean, the thing is, if you got a family office, you know, or a private investor, and they're big investors, you know, you may be going along just fine. But then, you know, eventually you're going to run that risk, you know, rather than running out of, you know, because you don't really have clarity on what's going on and that side, right, and, you know, something may happen in the future. And I've seen that happen to people, right. And we've had people call me up, hey, man, I'm supposed to close next week, my equity guy just called me up said, you know, can't do it. So I was like, well give it like, “Yeah, I'm gonna commit later,” but that doesn't matter. Now, this deal, right. So, right, yeah, it happens. And I'm sure somebody listening right now has had it happen to them.   Sam Wilson  16:24 Oh, man, that would be, yeah, talk about scramble.    Jake Clopton  16:28 And oh, yeah. Last, you know, that's not one of the reasons you want to have to go back to the seller that tell him that you don't have the downpayment money right?   Sam Wilson  16:35 No, that doesn't always go over. So Well, tell me about give some best industry practices. If somebody wants to take their business to the next level, they want to bring on some JV limited partnership money from it's right in one big check, what are the things they need to be doing now to prepare themselves for the conversation with you and for your potential investors?    Jake Clopton  16:54 Right, so the guys that we use, you know, they're looking for is outside of the specific deal, they're gonna invest in a sponsor with a track record, right. And if you really just need to prove out that you've been able to do this a couple of times, and the guys that come to us or break into the space have used private investors, you know, in smaller deals, and you ramp up to the size that's going to track these, you know, institutional investors. And you know, the institutional guys are going to have a minimum equity check size of like, I mean, really like a bare minimum, like 3 million bucks, right? So you've got to have a decent-sized project to be able to get them in there. So really, you know, if I see like a $15 million capitalization deal, that's probably like a good starting point for institutional, you know, ambassadors. And I've seen, you know, syndicators, and sponsors just work their way up quickly to get up into that space. But then once you're there, you're going to kind of play around in the 15 to 35. Maybe space for the most of the time, because you're flying under that institutional radar where the returns just kind of drop off a cliff. Right? Right. And so realistically, when I put together like a package to send to, you know, one of our, you know, JV guys, you know, I really want to focus on who is the sponsor, what's their track record, you know, how many deals they entered in exit? And did those deals work out the way that they modeled them? Right, and that that's the biggest thing, like, you know, you're putting together a pro forma, how did it work out? Right? I mean, things don't always work out exactly. Like you say, you're pro horror, but that's the biggest deal, right? What was the execution of these deals? And did it work out kind of the way we're pitching as an investor to somebody else?   Sam Wilson  18:26 Right, man, I love that. Jake, thanks for taking the time to break down really the differences in the nuances between JV limited partnerships, and a lot of what we see in the securities you know, syndication space, that's been absolutely intriguing. If our listeners want to get in touch with you learn more about you or your business, what is the best way to do that?    Jake Clopton  18:44 Two easy ways, either hit me up on LinkedIn, and really easy to find or you know, our website, cloptoncapital.com, cost directly, we're around anytime.    Sam Wilson  18:53 And that's Clopton, C-L-O-P-T-O-N, dot com. For those of you who are listening, Jake, thanks again for your time today. Certainly appreciate it.   Jake Clopton  19:01 Thanks, man. Take care. Thanks so much.   Sam Wilson  19:03 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 I appreciate you listening. Thanks so much and hope to catch you on the next episode.

On today's episode, our host Mary Vandenack, CEO, Founder and Managing Partner at Vandenack Weaver Truhlsen and her guest, Lara Sass, an estate planning attorney in New York City serving high net worth clients, tell us about Family Limited Partnerships and how they can be beneficial in estate planning.  Listen in to learn why you might set up a Family Limited Partnerships, the variations in the structure, how they are funded, how they could impact the Lifetime Gift Exemption and the varying types of discounts available.      A Hurrdat Media Production. Hurrdat Media is a digital media and commercial video production company based in Omaha, NE. Find more podcasts on the Hurrdat Media Network and learn more about our other services today on HurrdatMedia.com. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Dr. Friday 0:00 Good day. I'm Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to www.drfriday.com. This is a one-minute moment. Dr. Friday 0:12 Limited partnership income may be subjected to self-employment tax. Listen up. I know a lot of you guys get talked into doing special types of entities LLCs, Sub S corporations, limited partnerships, and you're being told that you can take some of that money as dividends, which is no longer tax at self-employment and the rest of it if you take it as a draw maybe and so you try to keep it really small like I take 20,000, but I actually took 100,000 the company to live guess what the IRS is getting smart and they're gonna be changing the tax laws and this is one of the areas they are auditing, make sure when you do your taxes, you know the tax laws so you're not caught by the IRS. Announcer 0:51 You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.

When buying a home, regardless if you are a first time homebuyer or a repeat homebuyer, you need to be strategic in any real estate market — especially in this current real estate market.    Yes, buying a home is like playing chess, not checkers.  The first move you make is the most important and it can be a game changer to get your offer accepted.    Tune into this special episode of the Martini Mortgage Podcast with Certified Mortgage Advisor Kevin Martini.   Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Today more than ever, there seems to be headlines and conversations about real estate values and mortgage rates in 2022, specifically about where they are headed and where they are going to be.  In this in this special episode of the Martini Mortgage Podcast, Certified Mortgage Advisor Kevin Martini discuss in the detail the MartiniMortgage.com 2022 Housing Forecast. The MartiniMortgage.com 2022 Housing Forecast is based on data from Fannie Mae, Freddie Mac, National Association of Realtors, Zelman, Pulsenomics and the Mortgage Banker Association. It provides a very accurate glimpse of what the industry experts are predicting for home loan rates and home values in 2022.  To access the full report: https://www.martinimortgage.com/martinimortgage-com-2022-housing-forecast/ Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Today's Topics with Alison Reiff-Martin (ReiffMartin CPA) What is a family limited partnership? When does it make sense to consider setting one up? How a family limited partnership can potentially save you money in taxes and be an asset protection tool.  Powered by Stone Hill Wealth Management

New Interview! We talk with Scott Smith, an attorney with Royal Legal Solutions in Austin, Tx. on how to set up asset protection strategies for real estate and other investments. Learn how to construct a corporate shield around your investments, by utilizing a Limited Partnership structure, in tandem with an LLC, that will protect you against lawsuits and other dangers.   Reach Scott here: scott@royallegalsolutions.com   https://royallegalsolutions.com/      

Your credit is more important than ever today.  In this special episode of the Martini Mortgage Podcast, Certified Mortgage Advisor Kevin Martini shares 3 (proven) credit score hacks to increase your credit score for the purchase a home and secure a mortgage. If you do not have healthy credit, these 3 secret credit score hacks will improve your turbo fast.  If your credit score is already health, these proven strategies will be like giving your credit score steroids.  ENJOY :) Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

This special episode of the Martini Mortgage Podcast provides an audio glimpse into the Fall 2021 homebuyer guide that simply and effectively communicates the current real estate and home loan rate opportunity.    The Fall 2021 Homebuyer Guide is not just for first-time homebuyers, it is also for current homeowners that wish to be a repeat homeowners and fro people that work in the real estate arena.  There are many things to consider when buying a home regardless of your experience and that is why Certified Mortgage Advisor Kevin Martini and Senior Mortgage Strategist Logan Martini publish every season the Martini Buyer Guide.  The Fall 2021 Edition of the Martini Buyer Guide goes beyond today's headlines to provide accurate housing market analysis and home loan information to help one that is thinking of buying real estate and getting a mortgage with facts based on pure data. Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

There is not a ‘one-size-fits-all' roadmap to financial health. On the journey to financial wellbeing is owning real estate.  For many the ultimate goal is financial freedom and to secure financial freedom owning a home is a the cornerstone.  Homeownership has financial benefits that can create generational wealth.  In addition, there are intangible benefits to owning a home too. Certified Mortgage Advisor, Kevin Martini, shares the 7 Financial Freedom Reason to Own a Home in this Special Edition of the Martini Mortgage Podcast (episode 127).  SPOILER ALERT: homeownership plays an active role in creating financial freedom.  Some of the many topics discussed in this life changing episode are: net worth, leverage, forced savings and tax benefits to name a few. Enjoy :) Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Michael McCarty is a respected veteran music publishing executive with a successful track record in catalog acquisition, talent discovery, and business development. He was inducted into the Canadian Music Hall of Fame in 2019 for his significant impact on the Canadian music industry. Mr. McCarty is Chief Executive Officer of the Kilometre Music Group, and along with Gavin Brown and Rodney Murphy, a founding partner of the ground-breaking music rights management company whose mission is to reclaim the financial rewards of the multi-decade worldwide “Canadian music invasion” for the benefit of Canadian artists, investors and culture. Kilometre has partnered with Barometer Capital Management Inc. to form the Barometer Global Music Royalty Fund, a Limited Partnership with a targeted size of USD $200 million that will invest primarily in the iconic catalogs and music rights of Canadian creators, as well as signing and developing new song writers and artists. Kilometre has made three investments to date, which have resulted in their Fund acquiring portions of 10% of the 100 most streamed songs of all time. Highlights of the catalog include the Weeknd's “Blinding Lights”, “Save Your Tears” and “The Hills”; Drake's “Hotline Bling”, “One Dance”, and “Hold On We're Going Home”; “Closer” by The Chainsmokers, “Havana” by Camillo Cabello, “Circles” by Post Malone, and “Levitating” by Dua Lipa. Prior to forming Kilometre, McCarty was Chief Membership and Business Development Officer of the performing rights organization SOCAN, which is Canada's largest music institution, paying out approximately $450 million a year in royalties to songwriters and music publishers. At SOCAN he led a team of 40 people who were instrumental in building SOCAN's world class catalog, by repatriating and recruiting the “Who's Who” of the Canadian global hit makers such as Drake, The Weeknd, Shawn Mendes, Joni Mitchell, Jessie Reyez, Murda Beatz (Migos, Travis Scott, Drake), Frank Dukes (Camilla Cabello, Post Malone, Taylor Swift), Boi-1da, Noah “40” Shebib, Alessia Cara, and Murda Beatz. SOCAN's foreign revenue increased by 50% to over $90,000,000 CDN in the last four years, largely due to the success of this roster. Michael led the inaugural graduating class of Fanshawe College's Music Industry Arts program, and began his career as a recording engineer under the legendary record producers Jack Richardson (The Guess Who) and Bob Ezrin (Pink Floyd, Alice Cooper). At Richardson's legendary Nimbus Nine Studios, Michael worked on Pink Floyd's The Wall, with Neil Young, and was associate producer/engineer of The Kings hit single “This Beat Goes On/Switchin' To Glide”. Shifting to music publishing with ATV Music Canada, he worked directly with Michael Jackson following Jackson's acquisition of the Beatles catalog, spending 6 years with EMI in L.A., where he co-signed the group Wilson Phillips (Hold On). He was subsequently appointed President of EMI Canada, where he began an unprecedented 17 year run of success developing and signing artists such as Billy Talent, City and Colour, Sum 41, Three Days Grace, Matthew Good, Len, Moist, Nelly Furtado, and producer/writers Gavin Brown and Simon Wilcox. Prior to joining SOCAN in 2014, Mr. McCarty was President of one of the world's largest independent music rights companies, Ole (now Anthem), where among other achievements he acquired the catalog and futures rights of superstar hip hop producer Timbaland.

Are younger people and millennials'  interested in purchasing a home?  YES THEY ARE and they driving the homeownership growth today.  You know what else is driving the homeownership growth rate?  Historic home loan rates.  Certified Mortgage Advisor Kevin Martini talks about if purchasing a home still makes sense in this special episode of the Martini Mortgage Podcast. BONUS Kevin Martini Talking Points:  #1:  ‘it isn't a challenge, it is an opportunity' #2: ‘a better long-term decision' #3: ‘who's wealth do you want to build'   Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Recently there has been a lot of conversations and headlines about home affordability especially since homes have appreciated dramatically in the last 12-months.  In this special episode of the Martini Mortgage Podcast, Certified Mortgage Advisor Kevin Martini answers the question if homes are really still affordable.   Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

It does not matter if you are first-time homebuyer, repeat homebuyer, a seller of a house or a homeowner — you need to know the current hot topics about the housing market.  There has been a major shift in the housing market and in this special episode of the Martini Mortgage Podcast, Certified Mortgage Advisor Kevin Martini shares the 3 talking points in the hosting market right now.     Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.MartiniMortgage.com | Kevin@KevinMartini.com | Equal Housing Opportunity

It is not what 1 person thinks about where real estate is headed — it is what the top 100+ economists, investment strategists, and housing market analysts regarding their 5-year expectations for future home values in the U.S. Certified Mortgage Advisor, Kevin Martini, shares the break down of the most recent Home Price Expectation Survey in Episode 123 of the Martini Mortgage Podcast. To include, the year-by year predications and what these predication mean for future homebuyers and current homeowners. Kevin Martini is not just the host of the Martini Mortgage Podcast, he is a Certified Mortgage Advisor and producing Manager of the Martini Group at Cardinal Financial Company which is locates in Raleigh, North Carolina but helping families all over the U.S.  Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity

This episode is also available as a blog post: https://paylesstax.com/2021/07/05/limited-partnership-interests-with-the-passive-activity-loss-rules/ --- Send in a voice message: https://anchor.fm/don-fitch/message

With the increase of home values in the recent years, some are voicing concerns that we may be in another housing bubble like the one we experienced a little over a decade ago.  It is understandable how one could have this perception of the real estate market without full access  to all of the data.  The data is indisputable, 2021 is NOTHING like 2008 and Kevin Martini shares the 3 reason it is not a bubble, it is an opportunity in episode 122 of the Martini Mortgage Podcast. Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Right now there is a ton of chatter about the real estate market and mortgage rates.  Not just ‘want-to-be' homebuyers are asking question, even current homeowners are asking question too…this episode of the Martini Mortgage Podcast, with Certified Mortgage Advisor Kevin Martini, goes beyond the headlines and into the real data about buying a home this summer.  Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity

Today, the level of equity homeowners have is at an all-time high. This epic home equity position is prompting  many homeowners to to ask if they should stay and refinance their current home or should the list their home for sale and upgrade into a better home that will fit their needs.   For those considering to stay, should they refinance to a lower rate or a lower term.  If they stay, should they unleash some of the equity via a cash-out refinance to restructure their family debt and lower their monthly outflows. If they stay, are they in the right mortgage product?  A lot of questions for a homeowner to consider today if they want to stay. For those considering to go it may because they have realized that their current house will not meet the needs of their family in the future or worse, they have currently outgrown their current home.   Certified Mortgage Advisor, Kevin Martini with the Martini Group at Cardinal Financial Company provides priceless feedback for homeowners that are asking if they should stay or if they should go. Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity

ROBERT ROTHER, VICE PRESIDENT, ENGINEERING AND OPERATIONS, Merica Oil Company Robert Rother gained a Business Degree from the respected University of Oklahoma. He went on to obtain a certificate from The Leadership Academy in 2011. Formerly with Devon Energy Corporation, his over 18 years as a Petroleum and Reservoir Engineer has led to his expertise in the Eagle Ford, Mississippian Lime, Delaware, Permian, and Anadarko Basins. His skill set in the oil and gas industry includes field and reservoir studies, strategic portfolio modeling and analytics, log and seismic interpretation, acquisition and divestment analysis, regulatory compliance, reserve economics, capital budgeting, optimized well spacing and development plans, development and implementation of safety programs. Mr. Rother has proven himself extremely valuable through effective management and precise problem solving. His sound and systematic approach to business management will benefit the Partnership's success. From their website: You Have to Be Able to Trust the People You Do Business With. That's Why Our Motto is "Investors First." Our investment funds are offered as a Limited Partnership to Accredited Investors wishing to invest in positive returns on investment (ROI), long-term revenue potential, and drilling and depreciation tax deductions. We believe that with a strong combination of high ROI potential, long-term passive income, tax benefits, and portfolio diversification through investment in an oil and gas fund makes good business sense. MISSION STATEMENTWe seek to create income, positive returns, and generational wealth through investments in energy, thereby resulting in long term investor relationships. CORE VALUESOur core values are Honor, Transparency, Discipline, Courage, and Commitment and being Results Oriented. Limited Partnership to Accredited Investors wishing to invest in positive returns on investment (ROI), long-term revenue potential, and drilling and depreciation tax deductions. We believe that with a strong combination of high ROI potential, long-term passive income, tax benefits, and portfolio diversification through investment in an oil and gas fund makes good business sense. CHARITIES SUPPORTED In appreciation of first responders, Merica Oil Company supports the following charities: The Semper Fi & America's Fund provides immediate financial assistance and lifetime support to combat wounded, critically ill and catastrophically injured members of all branches of the U.S. Armed Forces and their families by delivering the resources they need during recovery and transition back to their communities, working to ensure no one is left behind. Merica Oil's founder, Franz Ronnie, is an active participant in and supporter of the Fund. The Tunnel to Towers Foundation honors the sacrifice of firefighter Stephen Siller who laid down his life to save others on September 11, 2001, and the military and first responders who continue to make the supreme sacrifice of life and limb for our country. MID-CONTINENTREVENUE FUND I LP The Mid-Continent Revenue Fund I LP (MCRF-I or the Fund) is our first fund offering and add to this sentence as follows: consisting of oil and gas Prospects in Barber, Comanche, Rawlins, and Rooks Counties, Kansas. The Mid-Continent Revenue Fund I LP (MCRF-I or the Fund) is our first fund offering. MCRF-I is a Limited Partnership created to build a portfolio of wealth from both oil and gas production. The Fund's Prospects are surrounded by proven reserves and include potential drilling locations that have been identified by geologists and 3D seismic. This Fund should be economically viable even with $29/bbl oil, with significant upside as oil and gas demand and prices increase. By kick-starting the program with a workover program on 5 existing wellbores, cashflow is anticipated within several months after the acquisition of the leases. The 10 new well drills are planned to be drilled consecutively thereafter. MCRF-I FACTS AT-A-GLANCE • Offering Size: $8,000,000 • Unit Size:$160,000 Per Unit 50 Units (Partial Units Available) • Fund Ownership: ~100% WI with 78% NRI • Fund Registration - SEC exemption: Regulation D -Rule 506(c) • Closing Date: March 31, 2022 • Issuer Name: Mid -Continent Revenue Fund I, LP • Asset Type: Oil & Gas Drilling Program • Fund Eligibility: For Accredited Investors only Development Locations: Barber, Comanche, Rawlins, & Rook Counties, KansasLease Acreage: 3,520 acres480 acres - unlimited depth3,040 acres - depth limited to 50' below the Mississippian formationProgram Wells: 5 Workovers (including 3 Producing) & 10 New WellsPay Zones: 6 possible zones - Arbuckle, Cherokee, Lansing, Marmaton, Mississippian, & Pawnee

Certified Mortgage Advisor, Kevin Martini, hosts episode 119 of the Martini Mortgage Podcast which is titled: “5 Powerful Reasons to Own a Home”. There is nothing wrong with renting and there is a time to rent however that time is not now when you consider the 5 Kevin Martini Powerful Reasons to Own a Home that are shared in this episode.  Perfect credit is needed and large down payment is required are just a couple of the fairy tales that are preventing people from getting involved in homeownership and experiencing the the powerful reason to own a home.   The 5 reason that will be discussed in detail with feature and benefit are:  1- You are paying for housing whether you rent or own. 2- Housing is one of the only leveraged investments available today. 3- Owning a home is usually a form of forced savings.  4- There may be substantial tax benefits to owning a home. 5- Owning a home is a hedge against inflation.   Is owning a home right for you and your family?  I do not know but what I do know is one should make the decision based on facts if homeownership is right for them.  The fact finding journey starts with a clear understanding of the 5 Powerful Reasons to Own a Home. “In my professional opinion owning a home has been and will always be better from a financial standpoint than renting”. Kevin Martini  For more information about homeownership and about secure the right mortgage visit www.MartiniMortgage.com or call Kevin Martini who is a  Certified Mortgage Advisor and Producing Branch Manager of the Martini Group at Cardinal Financial Company, Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | 

Many people today are sitting on the fence trying to decide if now is the right time to buy a home.  To help determine if now it the right time to buy or is it better to wait 12-months you have to answer ‘YES’ to one of these 2 questions: Question #1: Do you think home values will be higher a  year from now? Question #2: Do you think mortgage rates will be higher a year from now?  Episode 118 of the Martini Mortgage Podcast with Certified Mortgage Advisor Kevin Martini will share forecast data from  industry experts the direction of home appreciation and mortgage rates.   Enjoy:)  Kevin Martini | NMLS 143962 | Certified Mortgage Advisor and Branch Manager | Martini Group at Cardinal Financial Company, Limited Partnership, NMLS 66247 | 507 N Blount St Raleigh, NC 27604 | (919) 238-4934 | www.KevinMartini.com | Kevin@KevinMartini.com | Equal Housing Opportunity  

The Powers of the Managers of a Common Limited Partnership - CLP / SCS VII *Article #350-339* *YouTube Video 339* . . . . . . . . #corporate , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #MissionDriven , #MissionDrivenVenture , #alternativeinvestment , #limitedpartnership , #LP , #CommonLimitedPartnership , #CLP , #SCS , #SociétéEnCommanditeSimple, #DFI To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Liability of a Common Limited Partnership’s Managers (Excl. GPs) - CLP / SCS VI *Article #349-338* *YouTube Video 338* . . . . . . . . #corporate , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #MissionDriven , #MissionDrivenVenture , #alternativeinvestment , #limitedpartnership , #LP , #CommonLimitedPartnership , #CLP , #SCS , #SociétéEnCommanditeSimple, #DFI To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Management of a Common Limited Partnership - Introduction - CLP / SCS IV *Article #347-336* *YouTube Video 336* . . . . . . . . #corporate , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #MissionDriven , #MissionDrivenVenture , #alternativeinvestment , #limitedpartnership , #LP , #SpecialLimitedPartnership , #CLP , #SCS , #sociétéencommanditespéciale, #DFI To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Partners’ Contribution in a Common Limited Partnership - CLP/SCS II *Article #345-334* *YouTube Video 334* . . . . . . . . #corporate , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #MissionDriven , #MissionDrivenVenture , #alternativeinvestment , #limitedpartnership , #LP , #SpecialLimitedPartnership , #CLP , #SCS , #sociétéencommanditespéciale, #DFI To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

#344-333* What Is a Common Limited Partnership (CLP)? *Article #344-333* *YouTube Video 333* . . . . . . . . #corporate , #avocat , #ServeAndThrive , #ThriveAndAccomplishYourMission , #MariauxAvocats , #MissionDriven , #MissionDrivenVenture , #alternativeinvestment , #limitedpartnership , #LP , #SpecialLimitedPartnership , #SLP , #SCSp , #sociétéencommanditespéciale, #DFI To see this publication, go to our blog The VADE-MECUM - https://mariauxavocats.com/vademecum. Subscribe to: Bertrand Mariaux Avocats’ YouTube channel; & Podcast THE LAW & IMPACT PODCAST | Le PODCAST DU DROIT & DE L’IMPACT - https://mariauxavocats.com/podcast Connect with Bertrand on: LinkedIn @BertrandMariaux; Facebook @BertrandMariaux; & Instagram / IGTV @ThriveAndAccomplishYourMission Follow us on: LinkedIn @BertrandMariauxAvocats; Facebook @MariauxAvocats; & Twitter: @BertrandMariaux Any content published on MariauxAvocats.com does not constitute legal advice. Its sole purpose is to provide general information at the date of publication. Whenever necessary, it is preferable to seek advice from a licensed lawyer. Les contenus publiés sur MariauxAvocats.com ne constituent ni des conseils, ni des consultations juridiques. Ils sont uniquement destinés à fournir une information générale à la date de leur publication. En cas de besoin, veuillez consulter un avocat.

Networking expert J. Kelly Hoey is the author of Build Your Dream Network: Forging Powerful Relationships In A Hyper-Connected World (Tarcher Perigee/ Penguin Random House) and hosts the Build Your Dream Network podcast. A frequent speaker and source for networking insights, she has been lauded from Forbes (“1 of 5 Women Changing the World of VC/ Entrepreneurship”) to Fast Company (“1 of the 25 Smartest Women On Twitter”) to Business Insider (“1 of the 100 Most Influential Tech Women On Twitter”) and Inc. (1 of “10 Most Well-Connected People in New York City's Startup Scene”). Empowering A Billion Women By 2020 included her on their list of the “100 Most Influential Global Leaders Empowering Women Worldwide”. A former corporate lawyer, she's a Limited Partnership investor in two emerging tech funds, advisor to New Zealand Trade & Enterprise, and can frequently be found on Twitter @jkhoey. Her website is www.jkellyhoey.co. Resources mentioned in this episode: - “Build Your Dream Network” book by J. Kelly Hoey - “Networks Women Need” upcoming book by J. Kelly Hoey This episode of the The Career Planning Show is sponsored by Staples Studio. If you have a career planning question you'd like us to answer on The Career Planning Show, let us know via Rascanu.com/TheCareerPlanningShow or at @AlexRascanu. Access additional free career planning resources at Rascanu.com/Career.

In this episode, Dan & Ian work through how to structure your small business. Entity structure is essential to understand to learn how you need to report your income and expenses. Also, the correct entity structure can protect you from personal liability in the event of a breach of contract or tort liability. There are tax-advantaged elections you can make for your small business in order to retain earnings as much as legally possible. Four Basic Entity Structures: 1. Sole Proprietorship2. Partnerships (General Partnership, Limited Partnership and Limited Liability Partnership)3. Limited Liability Company (LLC)4. C Corporation / S CorporationFollow & Subscribe to The Small Business Experience:Youtube: https://www.youtube.com/channel/UCgCgrWab2pDhnQ3pZvbI0ZwInstagram: https://www.instagram.com/smallbusinessexperienceFacebook: https://www.facebook.com/The-Small-Business-Experience-101691538462054Twitter: https://twitter.com/TheSmallBizExpLinkedIn: https://www.linkedin.com/company/70527961/admin/Buzzsprout: https://thesmallbusinessexperience.buzzsprout.com

In this episode I discuss the advantages of leveraging different kinds of corporate entities, provide background on how I became familiar with this subject, and then go into detail about a specific kind of corporate structure called the Triple Threat Limited Partnership (LP). --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

To watch this episode on YouTube, click here. Summary The music industry is growing for the fourth consecutive year, driven by the rise in online streaming. Platforms like Spotify, Youtube, Amazon Music, Pandora, and others are revitalized the industry which presents an opportunity to acquire intellectual property rights that pay royalties each time a song is streamed. Companies like Facebook, TikTok, and SnapChat have also recently announced that they will start paying royalties for music that is being used on their platforms which will only further increase the value of royalties are new users are starting to upload videos. The ICM Crescendo Music Royalty Fund (the “Fund”) is positioned to acquire songs in the $100,000 to $5 million range based on analyzing data such as historical royalty revenue and factors like artists tour schedule, number of playlists a song is on if the artists are releasing songs in the future, amongst other variables.      Data Analytics To efficiently and objectively evaluate acquisition opportunities, the ICM Investment Management Inc. (the “Manager”) has developed an algorithm that will offer support in the acquisition process of material catalogs. Currently, 18 different input variables are analyzed to help predict the number of future streams of a particular asset. While machine learning mechanisms come to a conclusion without human intervention, a live tech expert will determine which input variable is useful and will place weights on each. While the model generates a certain prediction, the way we weight the variable will influence the anticipated future income streams.   Partnership A Canadian music royalty fund was launched under the partnership between the Manager and Crescendo Royalty Corporation as an advisor to the Fund. Investors now have an opportunity to own music royalties and benefit from the rise in music and video streaming, generate incremental income, and have fun while doing it. ICM Asset Management was founded in 2003 and currently has over $1 billion in assets under management in real estate and venture capital investments. Crescendo Royalty Corporation has been acquiring royalties since 2017 with interest in hits like LaLaLa by International pop star Shakira who performed at Super Bowl LIV and Blame it on the Alcohol by legend Jamie Foxx.     Additionally, Devo Harris was brought on as an Advisor and he is a Grammy Award-winning producer and songwriter who discovered, signed, and produced EGOT winner John Legend and has written for Kanye West, Britney Spears, Aretha Franklin & more.   Own Your Favorite Song On the ICM Crescendo Music Royalty Fund website, you can submit a song you would like to own. The team will track down the rights holders and will attempt to acquire an interest in the song you submit. By investing in the fund, you can therefore potentially own a piece of your favorite songs.    Make Money While Listening to Music The Fund also has a Spotify playlist so you can track all the songs they have acquired. If you listen to the playlist, the Fund will also make money every time you listen to a song on the playlist. To follow the playlist click this link.   How to Invest Canadians are able to invest into the Fund directly through the Manager or through their own investment advisor.  US residents who are accredited investors can invest into a Delaware based Limited Partnership.    Show Links ICM Crescendo Website Funds Spotify Playlist LinkedIn Page   Help Out The Podcast If you like The Intelligent Investing Podcast, please consider leaving a rating and review on Apple Podcasts. It takes less than 30 seconds to do and makes a huge difference! You can also join the Facebook page!       You can subscribe to the podcast on the following platforms: Apple Podcasts Stitcher TuneIn Spotify Podbean iHeart Radio YouTube Contact Eric Schleien Facebook  |  LinkedIn  | Twitter  | YouTube | GSCM | Instagram Email: IntelligentInvesting@gmail.com      

Partnerships 1) Why are they important? a) Deal access b) Deal size c) Expertise d) Better Returns e) Infinite returns? 2) Structure. Key here is that you can do whatever makes sense a) Classic Joint Venture ie 50/50 or 1/3 each etc b) 75%/25% etc –perhaps because of effort or cash contributions c) Limited Partnership---need to watch out for passive investor rules. SEC rules etc –this is syndication etc d) Creative structures—this can be just about anything you want. Ie 45/45/10 deal with one person putting up all money or whatever See the Video

How to get started in Real estate? Start first with thinking about your goals Something to ponder before getting started Return is a function a) Risk b) Effort c) Knowledge 1) Do you need money? Short answer yes 2) Does it have to be your money? Not necessarily 3) How can you get the money to do deals yourself? Flipping, saving, partnerships, hard money, 4) Experience. How do you get it? etc   Partnerships 1) Why are they important? a) Deal access b) Deal size c) Expertise d) Better Returns e) Infinite returns? 2) Structure. Key here is that you can do whatever makes sense a) Classic Joint Venture ie 50/50 or 1/3 each etc b) 75%/25% etc –perhaps because of effort or cash contributions c) Limited Partnership---need to watch out for passive investor rules. SEC rules etc –this is syndication etc d) Creative structures—this can be just about anything you want. Ie 45/45/10 deal with one person putting up all money or whatever

#Partnerships are a common formed business structure in Illinois. The main difference between a #limitedpartnership and a general partnership is that it allows for both limited and general partners. While a limited partner invests in the company, a general partner oversees day to day operations. Because of the risks a limited partnership can pose to its general partners, the entity is not recommended for long standing businesses. Read more in the article at: https://www.oflaherty-law.com/learn-about-law/how-to-form-a-limited-partnership-in-illinois Have any questions that weren't answered here? Let us know in the comment section! Subscribe to BLTV for daily Learn About Law videos: www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA If you are in Illinois or Iowa, and would like to make an appointment with an attorney, O'Flaherty Law would be happy to help. If you would like to schedule a free consultation or receive paid legal advice, go to: www.oflaherty-law.com or call our office directly at (630) 324-6666. Learn About Law is part of the Business Lounge Network, offering convenient and affordable office space in the Chicagoland area. Escape the noise of a crowded office or home and instead work in our professional and calm environment built to suit your business needs. For news on free events, membership offers and more, visit www.BusinessLoungeNetwork.com. Do you have marketing, editing or audio/video production needs for your business, podcast or website? Want to be a part of the BLTV network? Let us know what we can do for you by calling us at 630-324-6666 or by emailing us at david@businessloungenetwork.com. More Learn About Law videos, podcasts, and articles: www.learn-about-law.com Learn More about O'Flaherty Law: www.oflaherty-law.com Like us on Facebook for daily videos: www.facebook.com/oflahertylaw/ O'Flaherty Law has convenient offices located in Downers Grove, Elmhurst, Naperville, Tinley Park, St. Charles, and Lake in the Hills, Illinois and Davenport, Iowa, serving DuPage County, Will County, Cook County, Lake County, McHenry County, and Scott County and the Quad Cities area. Its attorneys focus on providing quality legal work, above-and-beyond customer service, and affordable rates in the following practice areas: divorce & family law; estate Planning, wills & trusts; probate & estate administration; litigation, civil law & dispute resolution; business representation & corporate law; guardianship, elder law & special needs law; residential & commercial real estate law; immigration; bankruptcy; and DUI law and traffic & criminal defense. O'Flaherty Law is proud to offer a free initial consultation in most areas of law. The free consultation will provide general answers on what we can do for you regarding a legal matter, specifics on what services we provide, and brief explanations on what your options for legal service may be. A free consultation does not include free legal advice or answers to specific legal questions relating to your matter. Free consultations last no longer than 30 minutes, but a full 30 minute consultation may not always be required. None of the content in this series is intended as paid legal advice. Subscribe to our channel for daily videos dedicated to law and business. www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA

What are the pros and cons of a Limited Partnership? Find out on Global Real Estate School's Podcast, Episode 094 Are you currently enrolled in a pre-license real estate school in the U.S.?  If so, and you need help, subscribe to my podcast for timely tips to help you pass the real estate exam on the first attempt!   You can also download valuable study aids from my website, http://www.GlobalRealEstateSchool.com Like us on Facebook, https://www.facebook.com/GlobalRealEstateSchool/  Subscribe to our YouTube Channel  Follow me on Instagram @realestatetechguy As always, "thank you" for listening to the podcast!

In this episode of Learn About Law we explain how to use estate planning in order to shield certain assets from your creditors, two other vehicles may be useful: (1) #the FamilyLimitedPartnership; and (2) #theIrrevocableTrust. Read the companion article at: https://oflaherty-law.com/learn-about-law/using-estate-planning-to-protect-assets-from-creditors If you are in the Northern Illinois area, and would like to make an appointment with an attorney, we would be happy to help. If you would like to schedule a free consultation or receive paid legal advice, you can go to: https://www.oflaherty-law.com/downers-grove-legal-services-free-consultation Or call our office directly at (630) 324-6666. Subscribe: https://www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA Do you have marketing, editing or audio/video production needs for your business, podcast or website? Want to be a part of the BLTV network? Let us know what we can do for you by calling us at 630-324-6666 or by emailing us at marketing@oflaherty-law.com. Like us on Facebook for weekly videos: https://www.facebook.com/oflahertylaw/ O'Flaherty Law has convenient offices located in Downers Grove, Elmhurst, Naperville, Tinley Park, St. Charles, and Lake in the Hills, Illinois, serving DuPage County, Will County, Cook County, Lake County and McHenry County. Its attorneys focus on providing quality legal work, above-and-beyond customer service, and affordable rates in the following practice areas: divorce & family law; estate Planning, wills & trusts; probate & estate administration; litigation, civil law & dispute resolution; business representation & corporate law; guardianship, elder law & special needs law; residential & commercial real estate law; immigration; bankruptcy; and DUI law and traffic & criminal defense.

What are your best options for forming a family business? Can a family business be an LLC? Kevin O'Flaherty of O'Flaherty Law explains Family Limited Partnerships, LLCs, and their differences in this episode of Learn About Law, "What is the Difference Between a Family Limited Partnership and an LLC?" Read more in our article at: https://www.oflaherty-law.com/learn-about-law/can-a-family-limited-partnership-be-an-llc-should-i-have-an-llc-or-flp Have any questions that weren't answered here? Let us know in the comment section! If you are in the Northern Illinois area, and would like to make an appointment with an attorney, we would be happy to help. If you would like to schedule a free consultation or receive paid legal advice, you can go to: https://www.oflaherty-law.com/downers-grove-legal-services-free-consultation Or call our office directly at (630) 324-6666. Subscribe: https://www.youtube.com/channel/UCY4QhGg-zwgUIthoK3EdyjA Do you have marketing, editing or audio/video production needs for your business, podcast or website? Want to be a part of the BLTV network? Let us know what we can do for you by calling us at 630-324-6666 or by emailing us at marketing@oflaherty-law.com. Read the Learn About Law article: https://www.oflaherty-law.com/learn-about-law/can-a-family-limited-partnership-be-an-llc-should-i-have-an-llc-or-flp More Learn About Law videos, podcasts, and articles: http://www.learn-about-law.com A free consultation does not include free legal advice or answers to specific legal questions relating to your case. The free consultation will provide general answers on what services we provide and brief explanations on what your options for legal service may be. Free consultations last no longer than 30 minutes, but a full 30 minute conversation may not always be required. Learn More about O'Flaherty Law: http://www.oflaherty-law.com Like us on Facebook for weekly videos: https://www.facebook.com/oflahertylaw/ O'Flaherty Law has convenient offices located in Downers Grove, Elmhurst, Naperville, Tinley Park, St. Charles, and Lake in the Hills, Illinois, serving DuPage County, Will County, Cook County, Lake County and McHenry County. Its attorneys focus on providing quality legal work, above-and-beyond customer service, and affordable rates in the following practice areas: divorce & family law; estate Planning, wills & trusts; probate & estate administration; litigation, civil law & dispute resolution; business representation & corporate law; guardianship, elder law & special needs law; residential & commercial real estate law; immigration; bankruptcy; and DUI law and traffic & criminal defense. None of the content in this series is intended as paid legal advice