Podcast appearances and mentions of peter badger

Farms are not just for farmers anymore! An average investor can own a share of a farm to help our agricultural community grow. In today's podcast, we're talking about some of the most important things to look for when you're starting to think about purchasing a farm. Guest, Peter Badger shares with us how crops […]

The Amazing Growth Opportunities for Passive Investment in Agriculture and Farmland – Private Equity Profit Podcast with Seth Greene & Cliff Locks Episode 040 Peter Badger  Peter Badger has been a full-time investor in Real Estate and Agriculture over the last 8 years and recently joined Farmfolio as Chief Strategy Officer. Peter brings a multitude of skills to Farmfolio after spending 18 years on Wall Street and a decade in Silicon Valley. He is data and process driven and drives strategy, sales, and distribution for Farmfolio's LOTs products. Before becoming a full-time investor, Peter co-founded and led Framehawk, an enterprise software company, through to acquisition by Citrix Systems. Prior to co-founding Framehawk, he held leadership roles in technology strategy, enterprise architecture, and software development at Barclays Global Investors, Qwest Communications, Merrill Lynch, Credit Suisse, and Morgan Stanley. After earning his BEng (Hons) in Computer Systems and Electronics from King's College, London University. Listen to this informative Private Equity Profits episode with Peter Badger about the amazing growth opportunities with investments in agriculture and farmland.   Here are some of the beneficial topics covered on this week's show:   ·      The difference between running the business and creating the business ·      Working on Wall Street and drinking the Kool Aid of opportunities in investments ·      Being motivated to not only create your wealth but to maintain it ·      Making your money in public and private company stock and then diverting it into real assets ·      Agriculture as intra-generational wealth building ·      The difficulty for individual investors to get into farmland projects ·      Finding the products that are in demand in your grocery store and finding the farms overseas that produce them     Connect with Peter: Links Mentioned: www.farmfolio/net/privateequityprofits Email: peter@farmfolio.net Connect with Seth:   seth@marketdominationllc.com   Connect with Cliff Website investmentcapitalgrowth.com Email cliff@investmentcapitalgrowth.com         Learn more about your ad choices. Visit megaphone.fm/adchoices

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A common refrain in the investment world is, diversify your portfolio. But many real estate investors have a massive majority of their net worth in property. In this episode, Michael shares his thoughts on portfolio diversification and why he is so heavily focused on rental property. --- 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.   Pierre: Hey everyone, welcome to the Remote Real Estate Investor. My name is Pierre Carrillo and today I am joined by…   Michael: Michael Albaum   Pierre: and today we are going to talk about portfolio diversification, so let's just jump right in. Hey, Michael.   Michael: How's it going Pierre?   Pierre: So Michael, one of the basic pieces of investment advice that I hear everywhere is diversification, diversification, diversify, don't be too consolidated. Because if any one piece of the market goes down, you're going to be left exposed somewhere. I remember you saying in a previous episode, that you're about 80-85% in real estate, and that made me think, wow, that's heavily consolidated. How do you find, how do you find comfort in being so consolidated in one asset class?   Michael: Yeah, it's a really good question, Pierre and I think, for me, my strategy has changed over the 10 plus years that I've been investing and so for me, I was very focused on single family when I first got started and I think a lot of people do kind of find their niche inside of single family investing and it's funny because there's this, there's kind of two camps. There's one that says, diversify, diversify, diversify and then another one says, get rich in your niche and niche down and pick one thing to do and do it really well and if you can do it really well, you don't really need diversification. Diversification is for people that maybe aren't able to niche down or pick one thing or particular that they're passionate about, or really good at. So for me, I was always thinking about single families. I wanted to purchase a bunch of them, I wanted to own a bunch and I thought that was great and at the end of the day, and we've talked about it on prior episodes, the like I think what people are always scared about is their value decreasing, given some event or over time and that's when people talk about, like the S&P 500 index funds, you have a bunch of different companies.   And so if one goes out of business, you're not only holding that stock and so that is usually because the value can evaporate and unless the stock is paying some kind of dividend, or it's paying some kind of yeah, I guess that's what stocks dividends, the value of the stock is really in the value and hopefully it goes up over time. With rental real estate, we've got kind of a two headed play here. One is like a yield play a cashflow play, that pays us every single month and every single year and then the other is the appreciation, which is congruent, or synonymous with the stock value going up over time and so again, I'm really less concerned with the value of the property over time, because given a long enough time horizon, I'm comfortable, that thing is going up into the right. But even in the event of a downturn where the value is decreased, I've got yearlong leases and so the rent that I'm going to be collecting is likely going to be unaffected and unchanged. So for that reason, I was really comfortable getting very involved in the single family asset class. The other thing to think about is, I think real estate is this big, all-encompassing umbrella, if you will, it catches a lot of things, and a lot of different events like sub asset classes, for those you watching. I'm doing air quotes, so there's single family investing, there's multifamily investing, there's triple net lease investing, there's industrial, there's flipping, there's all these other things that you can be doing under the real estate umbrella, that I would argue are diversifying you within the asset class itself and so if you'll say, well, people talked a lot about during when COVID first hit, oh, apartments are doomed. Everyone's moving to single family, they want more space. Well, a lot of people thought a lot of things about during COVID when the pandemic first hit, and I don't think that was necessarily true. It was maybe in a little bit of San Francisco and New York and some of these major, major, major metros, but most of our listeners and most of our beginning investors aren't investing in those cities to begin with and so A) I don't think we saw that happen B) we definitely didn't see values fall through the floor, they kind of went the other way. But you can be diversified within the asset class. So if you own multifamily, you own single family, maybe you did see some folks leave your multifamily but maybe you saw your single family values increase. So I think that there's a lot of different ways to play this and then last but not least, I would say if you're in the short term space, you've been killing it for last two years and so again, that's a kind of third way to diversify with in the real estate asset class itself.   Pierre: So with for people just starting out and if they're just you know, you save up a big chunk of money and you because there's a high barrier to entry to get into real estate. How should like is does that diversification just happen over time or is there some sort of comfort you can find in that initial first down payment that you're putting up? It's like, chopping an arm off just to get started?   Michael: Yeah, well, I think for those people who are just getting started, one of the reasons that they may have been attracted initially into real estate is because it is diverse and different from the other things that they're doing. It's not the stock market, it's not a it's not an investor, a retirement portfolio, which is often invest in the stock market. It's not in bonds, so it is different and without getting into like the correlation of the real estate market versus the stock market and talking about, I think it's beta, or maybe it's alpha talking about the differences in the correlations, it's different than what they're currently doing and I think that in and of itself means that you are diversifying and if that's a part of your investment thesis, that diversification is important, this can be a great place to come do that. So I think with regard to your question about saving so much for the down payment, or kind of chopping off an arm and putting a big chunk of your potential overall net worth into that first property, I think people need to think long and hard about that, I think they need to understand what the risks are, what the benefits are and if those are both tolerable, I think the conclusion that I came to and that a lot of other people have come to for themselves is that real estate's a fairly safe place to park money, because of what I mentioned earlier, if it's rented and the value goes down, it doesn't really affect us and it's an unrealized gain or loss, just like in the stock market and so you'll say, oh, I made a bunch of money, the stock market today, well, not unless you bought or sold. So unless you're actually doing a transaction, the value is kind of meaningless. It's always fun to talk about at parties or get together with your friends. Oh, that's probably my net worth whatever like, but doesn't mean anything. It's not tangible and realized until you do something with it and so if you are planning on doing this for the long term, and for the long haul, parking money in real estate, for my experience has been a really great thing for me over time.   Pierre: Okay, so I know you're not, we're not giving investment advice at all here. But from the tone of it, real estate is a safe place to park your money that implies to me that you are like, you're not super worried about a major market correction affecting your values or affecting rent prices to the point where it brings you into the red. You are you feeling good moving forward into the next year?   Michael: Yeah, I'm feeling really good and here's why. Like, I was just listening to a book, an audio book, as part of the Roofstock Academy, we do a book club, and this quarter, we're reading first 2 million by Dan sheets, and he's gonna be joining us for a Q&A session with all of our members who read the book. And so I'm reading this book, and he's talking about the 4% rule and for anyone that might not be familiar, the 4% rule basically says, once you've hit a $1 amount inside of an investment portfolio, and a stock portfolio, you can very safely and confidently withdraw 4% of the value every year, because the hope is that you're essentially living off the interest, you're essentially living off the gains that that portfolio is throwing off, and the principle is not going to be reduced. Well, that's all fine well and good when the markets going up. But when the market goes down, and you're continuing to draw on this account, you could see that dwindle very quickly, and possibly to a point that's unrecoverable and so that again, is the value of the stock is going up or the stocks are going up in value, the portfolio is going up, you're drawing down a certain percentage. For real estate oftentimes, we're not relying on the principal value of the property to do this stuff with, right we can, there are tons of people that I know that only live off the cash flow that the real estate portfolios are generating, they don't care what the value is, it can go up, it can go down, it can go sideways, it doesn't matter because the cash flow the property generates is independent of the value. Your tenants aren't saying, oh, well, the property is valued at x. So I'm only going to pay you why and rent doesn't work like that, which is the nice thing and so I'm much more comfortable and confident in the historic performance, the really strong historic performance of real estate, again, for the rental market, independent of what values are doing and so if I'm someone that's planning to live off my cash flow, I get a great deal of my living income from cash flow. I'm not worried about the principal balance versus in the stock market. When it goes up. It's great when it goes down. I mean, that can that can take a long time to recover from. So yeah, I'm very comfortable going into this the upcoming year 2022 and beyond. That's like a Buzz Lightyear saying to infinity and beyond.   Pierre: That's good to hear, that makes a lot of sense. I guess there's other ways you can find that diversification beyond just between single family and multifamily or even commercial. I know you're investing in vacation rentals outside of the country. I mean, you're completely separate from the US economy. So and then we've spoken on the podcast before with Peter Badger doing the investing in agricultural land and, and internationally as well. So yeah, I guess there's a lot of different ways that you can achieve that diversity with or diversification within your portfolio just using real estate. Are there ways that someone might be exposing themselves to learn how to say this, but like being under diversified in real estate? What are some things that people need to look out for?   Michael: I mean, I guess in theory, you could be if you were invested in New Orleans, when Katrina hit and didn't have really great insurance policies, that's probably an area where you could easily be overexposed. It's a really good question and one that I haven't really thought about because I come from the insurance world and so I'm make darn sure that I'm, I'm not taking on too much because aggregate exposure in the insurance world, an insurance company will look at all of the insurance that they have in a particular area and say, okay, well, if an earthquake happens, we're going to have claims on all of these buildings, that's going to be a ton to pay out. So that's how they're evaluating the risk. I do something similar, and say, okay, well, if something really bad happens, I've got the insurance. But how long? Is it going to take these properties to get rebuilt? And what does that look like going forward? So I think you absolutely could, but I think it's, it's going to be a factor related to other things, not purely the fact that you are investing in own properties all in the same geographic location, are all inside the same asset class and as we talked about regularly on the podcast, real estate is so hyperlocal and so someone could argue, oh, you've got 10 homes in Louisiana, and 10 homes in North Carolina and 10 homes in California and so you're all in single families you ever exposed?   Well, I would argue that that might not be the case, I don't think we can look at that. That surface level data point and say, yes, someone's overexposed, I would say, let's look and understand, okay, what kind of natural catastrophes are in an area? Are they all on the same street? Do they have good insurance policies? What does that look like? What does their occupancy look like? So it's tough to say, without doing a little bit of a deeper dive, that just because someone owns X amount of properties, that represents Y percentage of their net worth, they are over or underexposed and it also comes down to risk tolerance, you can have two people that own very similar portfolios. One is can't sleep at night, because they're worried about a hailstorm taking out all the roofs, the other could not think twice about it, because they got good insurance, or whatever the case is for that person. So it becomes very personal and that's why one of the reasons I love real estate is because there's no right or wrong, there's only right or wrong for you as an individual.   Pierre: Yeah nd some other thing is it's working out in the past, it's just making sure you have multiple strategies available for you with every property that you have. So if you're buying a short term rental, you know, see if it's going to work, maybe you won't make as much money. But could it work as a long term rental? That's another way just to kind of build diversity within your single property.   Michael: Totally And you're seeing a lot of people do that. Now as they're pivoting. They're realizing, hey, my single family has long term makes way more sense as a short term rental, awesome, don't have to do a whole lot to the property to pivot that way.   Pierre: So that that'll make sense And thanks for all of that. Speaking about the other remainder of your portfolio, how do you assess where you're going to put your money outside of real estate?   Michael. That's a good question; That's going into index funds. Just diversification, I have to think about it, I have to worry about it. I just set it and forget it type of thing. We just had a guest on the podcast couple weeks ago, he was talking about picking stocks, and how index fund investing is kind of silly, but go pick stocks and win big. I've done okay, that in the past, but I think it's for me, it's more of a gamble and I real estate for me, because I did a lot of value add investing was definitely a little bit of a gamble. And so I'm very happy now I was in growth mode for a lot of years and now I'm very happy with just a kind of modest return from the stock market and so if it does, great, awesome, if it doesn't, that's okay, too. I'm in it for the long haul and to use that up into the right analogy again, I know given the time horizon that I'm anticipating for holding the stocks and adding to the portfolio. It's going to be going up into the right…   Pierre: Have you messed it all with crypto yet?   Michael: Yeah, it's funny. My wife and I have been playing around with crypto for the last couple years and she works in the tech space as well do in for an education company and we were she came home and he like Michael I did an interview with someone and we're talking about this thing called the theory I'm like we should check it out. So we did some research and ended up buying some a couple years ago and we put it on a I forgot to call like a cold a cold wallet like a USB thumb drive. Well I called wallet yeah and then like stuck it in the bank safe deposit box and never thought twice about it and then like last May everyone was talking about crypto and so I just looked at the values and I was like, Holy crap. I think we've made a lot of fun ready and so we did some more research and played on some of their Kryptos. But it's all like Vegas casino money, to be honest, it's not. It's not something that I understand first and foremost and that's what a lot of financial experts will tell you is don't invest in anything you don't understand unless you're prepared to lose it all and so that's totally where we're at. Like, it's rolling the dice if it does great, awesome. If not, well, you know, it was it was exciting while we were in it.   Pierre: Oh, well, that's all good to hear, man and I think that answers my question about diversification. So I think that's all I have.   Michael: Awesome. Well, great questions Pierre. Thanks a lot, man. Appreciate you having me on.   Pierre: Me having you on. Alright, alright. Let's get out of here.   Alright, everyone that is our episode for today. Thanks so much for joining us. Remember to subscribe to our podcast that helps us bring you more content like this every day and we hope to catch you on the very next one. Happy investing.   Michael: Happy investing.

Any successful company in the world, big or small, new or old does one thing well - they solve problems. There's no bigger or more important problem than the world's food supply, especially right now.    Agriculture is an asset class we don't hear about often, but it's actually one of the most stable investments with a ton of advantages. Stock markets can crash, housing markets can cycle, but at the end of the day, people still have to eat.   What would investing in high demand crops actually look like? Why are investments at the base of Maslow's hierarchy of needs so much safer?    In this episode, I'm joined by an entrepreneur investing in a unique and intriguing strategy. Chief Strategy Officer at Farmfolio, Peter Badger shares why he picked agriculture as an asset class.      Things You'll Learn In This Episode    The truth about the future of the marketWe're one button away from a hard financial landing, but does that mean there'll be no opportunity when the market turns?    Why agriculture investing is so relevant todayWe often take things like food and water for granted, so why is the global food supply something we need to be paying attention to?   How to have long term success in agriculture investingIn real estate investing we focus on factors like location and population growth. What factors drive success in agriculture?    The opportunity in the financialization of everythingCan NFTs and tokens open up investing doorways for people who didn't have access before?    Guest Bio Peter Badger is the Chief Strategy Officer at Farmfolio, a company that has successfully invested in a diverse selection of high-demand agricultural products in emerging markets. As their exceptional quality drives increasing demand, Farmfolio has quickly become one of the largest exporters in all of Colombia.   With their community of investors, owners, and employees numbering in the hundreds, and millions of dollars under direct ownership, Farmfolio is a trusted source for creating value and wealth through agriculture. Their hands-on approach means they identify, develop, manage, and provide ongoing oversight for every piece of land in their portfolio, and their esteemed reputation and track record reflects their commitment to the success of their projects.    Peter brings a multitude of skills to Farmfolio after spending 18 years on Wall Street and a decade in Silicon Valley founding and working with some of the most innovative companies in the world including Barclays Global Investors, Qwest Communications, Merrill Lynch, Credit Suisse, and Morgan Stanley. He is data and process driven, and leads strategy, sales, and distribution for Farmfolio's products including LOTs, their pioneering Land Ownership Titles vehicle for direct farmland ownership by accredited and non-accredited investors alike.   For more information, visit https://farmfolio.net and download the Farmland 101 guide right from the homepage. 

Welcome to The Rent Roll Radio Show! Join Sterling Chapman and his guest, Peter Badger Chief Strategy Officer of Farmfolio to share about the peculiar market of turnkey properties. He shares how the shift in the market that he did gave him a lot of different opportunities in different locations. As of this episode, Peter owns production for lime, avocado, and mango farms and decides to stick with it than with domestic farmlands because he deems them unprofitable. Peter also shares the changes in the market, how individuals can now buy pieces of land that they could use to export produce to different outlets in the country, which allows investors to gain passive income only not rental. A lot to unpack in this episode with Peter and his endeavors with turnkey properties so be sure to stay tuned!   Here's what to look forward to in today's episode: Peter's psyche in moving to Florida Why Peter chose turnkey properties How the system works with turnkey properties The science involved with farms Considering the climate and the farming needs in a territory And much more!   About Peter Badger: Peter Badger has been a full-time investor in Real Estate and Agriculture over the last 8 years and recently joined Farmfolio as Chief Strategy Officer. Peter brings a multitude of skills to Farmfolio after spending 18 years on Wall Street and a decade in Silicon Valley. He is data and process-driven and drives strategy, sales, and distribution for Farmfolio's LOTs products. Before becoming a full-time investor, Peter co-founded and led Framehawk, an enterprise software company, through to acquisition by Citrix Systems. Prior to co-founding Framehawk, he held leadership roles in technology strategy, enterprise architecture, and software development at Barclays Global Investors, Qwest Communications, Merrill Lynch, Credit Suisse, and Morgan Stanley. After earning his BEng (Hons) in Computer Systems and Electronics from King's College, London University.   You can find Peter Badger on…   Website: https://farmfolio.net   LinkedIn: https://www.linkedin.com/in/peterbadger/   Email:  peterb@farmfolio.net   Facebook Page: https://www.facebook.com/farmfolio/

FREE LIVE CLASS Get 6 Figures Funding In 30 Days:  https://www.creditcounselelite.com/registration-page   Host: Brandon Elliott @BrandonElliottInvestments | Guest Today: Peter Badger ---------------------------- About Brandon Elliott: Top 100 Yahoo Finance in 2020, Brandon Elliott is a leading authority on real estate and credit. He is experienced and proven in utilizing credit to invest in real estate and implement the "BRRRR Strategy." Brandon has a thriving credit repair and tradelines company but prefers teaching people the credit hacks he's been applying for years such as building huge credit lines for both personal/business up to 7 figures and manufactured spending techniques- showing ways to create millions of points equivalent to cash, free travels, and even buying properties using credit cards. From the credit knowledge that is taught in his Elite Credit Course, Brandon was able liquidate $200K+ for a safety-net when purchasing a 4-PLEX in one of the most desirable locations in San Diego, just 8 minutes walking distance from the famous San Diego Zoo. His passion in helping others reach their financial freedom too, lead Brandon to host "Ready. Set. Go. Real Estate Investing" podcast every Monday sharing how you can invest in real estate successfully with little to no money utilizing credit. Brandon has completed numerous of Fix & Flips locally in San Diego as well as across the country out of state virtually with his worst project still being 60% cash-on-cash ROI. ----------------------------

LifeBlood: We talked about farmland investing, how it works, why it makes sense, who it's a good fit for, and how to get started, with Peter Badger, Agripreneur and Chief Strategy Officer with FarmFolio.   Listen to learn it's essential to trust, but verify! You can learn more about Peter at FarmFolio.net, Facebook, Instagram and LinkedIn. Thanks, as always for listening!  If you got some value and enjoyed the show, please leave us a review wherever you listen and subscribe as well.  You can learn more about us at LifeBlood.Live, Twitter, LinkedIn, Instagram, YouTube and Facebook or you'd like to be a guest on the show, contact us at contact@LifeBlood.Live.

Dax Cooke started Farmfolio and hired Peter Badger to bring all the benefits of agriculture and farmland to your average investor. In this episode we discuss farmland as an investment and how Farmfolio has packaged it for investors. 

My guest in this episode is Peter Badger. Peter has been a full-time investor in Real Estate and Agriculture over the last eight years, and recently joined Farmfolio as their new Chief Strategy Officer. Peter brings a multitude of skills to Farmfolio after spending 18 years on Wall Street and a decade in Silicon Valley founding and working with some of the most innovative companies in the world including Barclays Global Investors, Qwest Communications, Merrill Lynch, Credit Suisse, and Morgan Stanley. He is data and process-driven, and leads strategy, sales, and distribution for Farmfolio's products including LOTs, their pioneering Land Ownership Titles vehicle for direct farmland ownership by accredited and non-accredited investors alike. Before becoming a full-time investor, Peter co-founded and led Framehawk, an enterprise software company, through to acquisition by Citrix Systems. Prior to co-founding Framehawk, he held leadership roles in technology strategy, enterprise architecture, and software development at Barclays Global Investors, Qwest Communications, Merrill Lynch, Credit Suisse, and Morgan Stanley. After earning his BEng (Hons) in Computer Systems and Electronics from King's College, London University. Interview Links: Farmfolio Website Grab My Book: The 21 Best Cashflow Niches™: www.cashflowninja.com/21niches Programs: The Cashflow Ninja Cashflow Investors Club™: www.cashflowninja.com/club Your Own Banking System™ : www.yourownbankingsystem.com Your Own Family Office™: www.cashflowninja.com/familyoffice The Crypto Investing Method™: www.cashflowninja.com/crypto The Cashflow Creator Formula™: www.cashflowninja.com/creator The Cashflow Core Builder™: www.casflowninja.com/core The Cashflow Multiplier™: www.cashflowninja.com/multiplier The Cashflow Quantum™: www.cashflowninja.com/quantum Connect With Us: Website: http://cashflowninja.com Podcast: http://cashflowinvestingsecrets.com Facebook: https://www.facebook.com/cashflowninja/ Twitter: https://twitter.com/mclaubscher Instagram: https://www.instagram.com/thecashflowninja/ Pinterest: https://www.pinterest.com/mclaubscher/cashflow-ninja/ Linkedin: https://www.linkedin.com/in/mclaubscher/ Youtube: http://www.youtube.com/c/Cashflowninja Bitchute: https://www.bitchute.com/channel/cashflowninja/ Rumble: https://rumble.com/c/c-329875 LBRY.tv: https://lbry.tv/@Cashflowninja:9?r=DoJHKKGqTbf8sdChMP1oLtCrJWEYK3ZM Brighteon: https://www.brighteon.com/channels/cashflowninja Brandnewtube: https://brandnewtube.com/@cashflowninja Parler: https://parler.com/profile/cashflowninja/ Gab: https://gab.ai/cashflowninja Minds: https://www.minds.com/cashflowninja Biggerpockets: https://www.biggerpockets.com/users/mclaubscher Medium: https://medium.com/@mclaubscher Substack: https://mclaubscher.substack.com/

Why should you consider adding farmland to your investments? Peter Badger, Chief Strategy Officer at Farmfolio, sees agricultural investing as a secure asset to add to your portfolio. In this episode, Peter shares the benefits to investing in agriculture and what makes a good land deal. Peter Badger | Real Estate Background Chief Strategy Officer at Farmfolio, which focuses on agriculture investing and development in emerging markets. Since it was founded in 2015, Farmfolio has invested in a diverse selection of high-demand agricultural products in emerging markets. They have quickly become one of the largest exporters in all of Colombia. Based in: Miami, FL Say hi to him at: https://farmfolio.net/ | Facebook | Instagram | LinkedIn Best Ever Book: The Gap and The Gain: The High Achievers' Guide to Happiness, Confidence, and Success by Dan Sullivan Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

Whenever we think of investing in real estate, we tend to think of either single family homes, apartment buildings, office buildings, or maybe shopping malls. But rarely do we think of buying raw or developed land as a means to invest in real estate and enjoy all of the financial benefits that tend to come … Continue reading 30. Passive Investing in Farmland and Agriculture with Peter Badger →

Peter Badger, a successful real estate and agriculture investor, joined Farmfolio after spending 18 years on Wall Street and a decade in Silicon Valley helping lead some of the world's premier companies including Barclays, Merrill Lynch, Morgan Stanley, and Credit Suisse. In this episode, Peter will share how he began his investment journey, worked through real estate and discovered agricultural land as an asset class that was decoupled from the US Dollar. Peter explains why a diverse investment portfolio is so important and how you can mitigate market downturns by thinking outside the box. Episode Links: https://farmfolio.net/roofstock/ --- 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: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor.   I'm Michael Albaum and today with me, I have Peter Badger, who works for Farmfolio. And Peter and I are going to be talking about how to invest in ag-land as part of your real estate investing portfolio. So let's get into it.   Peter Badger, thank you so much for coming on and hanging out with me. I really appreciate you taking the time.   Peter: Michael, pleasure to be here. Thanks for having me on.   Michael: Oh, absolutely. I think we're gonna have a lot of fun today, you and I were chatting just before we hit record, and you've got quite an interesting background. And so for anyone who isn't familiar with your story, I'd love if you could give us just a quick walkthrough of kind of who you are, where you came from, and what it is you're doing now in real estate.   Peter: Yeah, no. So my stories are pretty straightforward. I'm in my early 50s now, but the past 30 years has been a crazy journey. I spent 18 years on Wall Street, really understood the stock markets, you know, in detail. Joined… went to Silicon Valley start a tech company went through a crazy VC funding series A Series B and final acquisition through Citrix Systems who purchases in Santa Clara. And so so for me, I kind of like sat there really happy, you know, in 2014, this was with a nice nest egg…   Michael: Awesome!   Peter: And really the question was, you know, where do you put that money to not only keep it but also grow it and avoid the you know, let's call it cyclical stock market crash every seven to 12 years, depending on where you are in the cycle. That's really what started me in real estate.   Michael: Interesting, and just a curiosity, what did your tech company do?   Peter: We were a virtualization platform. We were allowed people you know, in the heyday to basically access their apps securely on you know, tablets and mobile phones live in the app and data center very, you know, boring and but no worthy.   Michael: Love it. Love it. Okay, very cool. So so then you took your earnings, and you decided okay, real estate is the place that I want to park them because it's not only going to keep it safe, but it's also going to help grow it so where did you end up in real estate? Was it single family/ multifamily, talk to us a little bit about that.   Peter: So the thing is, you start your journey with somebody you know, and I met a guy in California who was investing in out of state single family rentals.   Michael: Hmmm…   Peter: You know, I spent a month or two chanter missed, showed me his portfolio. And because I'm a bit of a A-type freak personality, I applied myself too hard. And I purchased 21 of them in 18 months. And you know, 13 mortgaged A for cash. And they were, you know, in disparate markets in California, you can't buy a single family rental, because…   Michael: Because it's quite challenging.   Peter: Your yield doesn't beat inflation.   Michael: Right.   Peter: And so I was in, you know, Pittsburgh, Pennsylvania. I was in Gainesville, and Jacksonville, Florida, Houston, Texas. And, you know, apologies to our kind of New York, California friends you can buy in those days is like 2014, three bed, two bath, two car garage house for like 100 grand. And so you're able to basically go down that path of putting $25,000 down 75 mortgage, Fannie Mae, and then yeah, and it's it was it was an amazing model. And I went from, you know, essentially, having a million and a half in cash, to having a property portfolio of 21 homes, producing between 10 and $12,000 a month passively.   Michael: Is that and that's after all of your expenses and mortgages were paid?   Peter: That's right, because as you know, depreciation is a wonderful thing.   Michael: Yes, yes. Big, big fan of depreciation.   Peter: Yeah.   Michael: And so you kind of took the shotgun approach. It sounds like in terms of your markets, I mean, how did you pick the Pittsburgh and the Florida's? Did you know, people there did the numbers just makes sense.   Peter: So I met a network I was working with who had turnkey rental providers, and I…   Michael: Hmmm…   Peter: ….you know, the key to us real estate before I explained the second half of the story and farmland is that: I like many others started out by taking recommendations from people I trusted. But in reality, you need to go far deeper nowadays. And now I invest in us real estate using data. So you got to look up down, look for the market. So as people probably aware, there's around 400 MSA as they're called, which are unique real estate markets, metropolitan statistical, you know areas. And so when you go down you look for those areas that are you know, population is increasing, high job growth, you know, low crime rates…   I mean you look at the fundamentals house price condo values going up over 20 years, you know, you look for the fundamentals in the top down market, and then you go down to where the assets are a house, or whatever physical real estate you do, then you do the same application, that zip code is that zip code, you know, have those strong demographics people coming in, you know, people can get to, you know, good job, you know, areas within 20 minutes' drive and, and just, you know, reducing crime, all that stuff. And that was the key to now, how I approach us real estate is going to be very data driven, process driven, avoid emotion. If you go on a glossy brochure with a friend or an uncle or brokers recommendation, you're going to probably get in trouble. So stop doing that.   Michael: Yeah…   Peter: Follow the data.   Michael: That's such a good point. We inside the Roofstock academy, which is kind of our education program, we developed a pro forma to help evaluate properties. And at the top right, we put a decision tree, and it checks a bunch of different boxes and either is green for: Yes or red for: No, and it helps us…You just say, it's not emotional. It either is or it isn't.   Peter: That's right. Yeah.   Michael: I love that.   Peter: Amazing… No, so then, you know, I was getting the money coming in. I've been in a few other asset classes, since I've been full time investing since 2014. But one of the things I wanted to find, Michael, was an asset class that wasn't correlated with housing markets, or the stock markets…   Michael: Okay…   Peter: So I was slightly pointed this direction by some of my Silicon Valley friends, because I met with a bunch of people and said, you know, where do you invest your money at a couple of, you know, mentors who are multi exit CEOs in the valley. And they said, listen, you know, we all make our money in private companies stock, and then we put it in hard assets, like real estate and agriculture.   And I was like, agriculture, you know, I'm a city boy, you know, from nothing in England. And so went on this crazy journey, I was traveling around South America looking for international agriculture for from 2017 through 2020, just for the pandemic, really.   Michael: Okay.   Peter: And the reason I've ended up here is because you need to think about agriculture in two ways:   Number one, it is not correlated with anything else. You know, people can say, the housing markets aren't correlate… are uncorrelated with the stock market, you know, they're not going to match and hopefully you miss the cycles. But in reality, with agriculture, it doesn't matter. Doesn't matter whether stock markets up or down, doesn't matter whether housing cycles are in and out of that market. Because at the end of the day, we've got a growing population. If you get the right crop, for the right price, and the right climate and grow it well, you can always find a customer. And so I'm heavily into limes and coconuts, and avocados and mangoes, because they're perennial, everybody's looking for a line 12 months a year, you're hoping it is incredibly versatile. So I went down this deep, deep journey of international farmland ownership, because I wanted to actually have a portion of my portfolio, which wasn't in the US dollar, and was completely uncorrelated with everything else I owned.   Michael: Oh, my gosh, I have so many questions for you Peter!   Peter: Fire away!   Michael: So, so something I'm wondering you talking about the decorrelation between farmland and so many of the other market cycles…   What about… because I come from the insurance world, so I'm always wondering about worst case scenario. I mean, what about natural catastrophy, weather events in, you know, hordes of locusts, decimating crops? And you hear about these kinds of horrible events causing famine in these countries? Is that an exposure that you are comfortable taking, or it's really less of an issue than then maybe it's made out to be on the news?   Peter: So let me kind of bring it back to real estate, because I get tired of the big headlines, you know, the news, they'll say, oh, you know, US housing is up 3.7% across the country…   I mean, it's that is like the most asinine statement made by man.   Michael: Right.   Peter: 400 different markets and real estate is local and farming is local. So yeah, you may hear some, like, you know, I don't know, message from some country somewhere, you know, I mean, that's like classic.   Let's take an example all right: Puerto Rico. When Hurricane Maria hit Puerto Rico 2018, wiped out 97% of food crops.   Michael: Yeah.   Peter: Disaster, don't invest in Puerto Rico! It's like you wouldn't invest in you know, in I won't like paying some US real estate markets, in case somebody but you wouldn't invest in certain high crime markets in the US and issuer specialist in section eight and or class C properties, you know…   Michael: Totally… You let the data help decide where to invest.   Peter: Yep, so in the same way, there is risks in everything. The key is working out what the risks are in the asset class you're in and finding the data, no emotion to support where and how you invest in that asset.   Michael: Okay. Okay. And that makes so much sense. And so talk to us about what Farmfolio is.   Peter: So I started investing in 2015 in…   I went to multiple providers kind of on a syndication basis, mostly because I couldn't do it in a remotely obviously, I was looking for groups who were specialists in overseas agriculture. And I've just mentioned I was overseas because US farmland is kind of very hard to make money. In the same way, you wouldn't buy a single family rental in Manhattan, or, you know, San Francisco.   In the US, farmland, the land is so expensive, labor is expensive. You know, it's all mostly controlled by large, wealthy people, or large corporations, and you just can't make money in it. Row crops, mostly, you know, I can go on for hours about US real estate. So I had to go overseas to find the yield in the same way you'd leave some of the coastal markets to come in land for US real estate to find the farmland yield.   Michael: Interesting. Okay. And so are you then owning the actual land and leasing it to growers?   Peter: Yeah, so I got started in like projects with multiple vendors, Panama, you know, Colombia, Peru, I went east, you know, to Eastern Europe, I was in like, you know, Georgia, the country, not Georgia, the state.   Michael: Yeah.       Peter: And I just started investing in these groups who were offering real, you know, let's call it farmland, investment models, and I lost my shirt, in half of them as capital all gone. And it was basically glossy brochures, again, you know, it was people who were telling a good story. But without any track record, or, or proof point, really. And a lot of them by the way, early on, where you would plant bare land with trees, you'd wait five years. At the end of five years, you see the fruit appear and the work out to sell it, it was like a call that hope ag investing… … in a bunch of those, because you're hoping that with this stuff out by the time the five years is up, right?... In capital.   Michael: Right.   Peter: And most of them didn't. And then I met Farmfolios, my journey and for five years 2015 through 2020, I was investing in all of their products. And they were the only vendor in the agricultural space that kept delivering what they said they're going to deliver. And so I actually jumped into the company during the pandemic full time. Because I'm a believer in ag. I wanted to help them, make other people who believe in ag because they've got it right, you know…   Michael: Yeah. Interesting. And so our… I mean, how does their thesis align with your personal thesis as far as US base versus international?   Peter: So they're all international… You know, we keep looking at US deals, we just can't find any that make money or make sense. And so where are they where we are in Latin America. And their model is slightly different, because in terms of the let's take bear land plant, work it out later, but they reverse engineered farmland ownership. And so what we did I can say we now versus… …is, we built a pack house for limes, for instance.   Michael: Okay.   Peter: …and then we set all the local Columbian farmers. Colombia and South America, we said, listen, deliver your limes from your farms to our pack house door, we'll give you double the price that you sell for in the Colombian market, with wash sort pack and export them to the US and Europe. And that's where the premium price is. So this arbitrage opportunity whereby we can take local produce that was sold for half the price, still wash it, export it, and sell it from the still margin in that supply chain all the way along.   Michael: Oh my gosh…   Peter: …and the beauty of this thing is that the packhouse started DAX, the founder was in the States and it was fun to make all these like you know, Walmart, Trader Joe's, Publix, wholesale retail fruit relationships, and you started selling people containers, you know, take a test container of our limes, let us know if they are the highest quality for you. And you started doing this a couple years back and we eventually opened up this entire sales and distribution pipeline across the North America and Europe.   So imagine in the past couple of years, we went from like a container of limes a month, to doing seven to ten containers of limes per week across the US market.   Michael: Holy smokes. And when you say container, you mean like shipping container, not like a crate container.   Peter: Shipping container.   Michael: Oh my gosh.   Peter: So we're now the biggest exporter of limes from Colombia…   So then imagine it, that we've now got all these limes being shipped overseas being sold at a premium so you can find them you know, mostly on the East Coast in Walmart, Trader Joe's, Publix, Albertsons, Costco, you'll find our Colombian product.   So the question then became, okay, we need now to secure the source of those limes. Because one day the Columbian farm may wake up and say: Hey, Peter, I'm not going to give them my limes today because Walmart's are saying to us, you know, how do I guarantee you're going to keep selling these limes come through, 12 months a year.   And that's where the farmland ownership product came in, which is that we then went back the farms with the best limes, we bought them for cash, we broke them up into individual parcels. So the big farm or a sudden became like, you know, 47, parcel farm or column lots or land ownership titles. And then we let people like you and me buy a parcel of land in that farm, which is farmed collectively together at scale, limes being sold at Walmart, we basically went back and so you now can own a parcel, or lot in that farm, instead of a single family rental producing rental income. It's actually 220, mature Tahiti, lime trees, producing limes that are being washed, packed, exported to the US and being sold on Walmart shelves. So you're getting…     Michael: This is crazy!   Peter: I know…   Michael: That is the coolest thing I maybe have ever heard on this show. So again, 1000 questions. So if I own one parcel of the 220, and it's split up into however many 47 different discrete lots, and again, the insurance guy is run speaking to my head and lightning strikes my lot. And now my trees are no longer producing, do I get to share in the… …Is it a profit sharing model for the entire farmers or my lot specifically?   Peter: No, its profit sharing, so that so the key to agriculture, and the reason I learned this, and we… I kind of helped design it at Farmfolio, before I joined full time, was, I was buying these products in like, you know, Eastern Europe, and you had like the project from your little lot, your 200 trees. And it's, it's asinine, because it's too much administration overhead, and it doesn't work to your point, the risk is too high.   Therefore, we collectively farm, you know, at scale. The farm was like it was before, you know, like 40, 50, 60 acres, whatever the farm size is, let's just keep doing what we're doing with the farm manager, you know, like, draw a line around 200 trees and treated differently…   Michael: That's yours, that's mine…   Peter: We actually… … to your point, so we have every lot owner is part of a farm owners association FOA, like an HOA, or cooperative. And you get, you know, 47 of the income minus 47 for the expenses, and therefore you are together with a group of people, but you own title to your lot, so you physically own the real estate and this is how this model works. Because think about it, one of the biggest problems with private equity is it to find a creditor people…   Michael: Yeah.   Peter: …and we wanted it to be available to anybody, the government, US government shouldn't tell you whether you can own a farm lot and receive harvest income. So this basically is available to anybody you're buying a piece of real estate just happens to have 200 trees and not a single family home.     Michael: Right.   Peter: And you can own it for as long as you want. 10, 20, 30, 40 years. It's up to you.   Michael: Oh my gosh.   Alright, so I'm starting to wrap my head around this. But now I'm curious to know, because I like you have invested internationally, I invested in Portugal and a couple rental properties and the legal aspect of it, the bank account that I mean, the accounting, it's just like it's a real headache. So how does that work being that this is a purely international investment, do I need to go learn and have an accountant in Colombia in order to invest in this?   Peter: Nothing. So we take care of it. I mean, we kind of like, this is farmland ownership made easy as our tagline.   Michael: Okay…   Peter: We're trying to democratize this. So you're able to pay for the lot in US dollars, we then transfer the money over and manage the farm. And then every year, twice a year, for limes once a year, for coconuts, for instance. We'll do the accounts, will show the full financials, will work out the net income or net harvest income for every lot owner to transfer the cash back to US dollars and send to your US bank account via ACH.   Michael: What a trip, this is incredible Peter. And let's talk kind of maybe meat and potatoes to use a good pun here and I'm sure what everyone is on everyone's mind. What kind of returns are you seeing with farmland and maybe with a certain crop or certain countries specifically because I think most of our listeners are fairly familiar with the US housing market and what they could make with regard to a single family rental.   Peter: Yeah. So it's kind of answered in a couple ways. So firstly, the initial farms, there's no leverage. So in reality, you know, instead of paying, this is what I tell a lot of people, instead of paying 30 grand cash down for $120,000, home 75% LTV, you're actually spending 32,000 to 45,000 for your lime lord, that your cash price in average right now. And our goal is that, you know, once you've sweet, we've got very detailed models with data driven, not emotion driven.   Michael: Hopefully not fancy pamphlets, though.   Peter: Exactly… We do have some fancy marketing campaigns, but they're full of data.   Michael: Perfect, not hopes and dreams.   Peter: Exactly… So our goal basically is depending on the age of the tree, you know how young they are, and the kind of progressing, it's like, some farms are a value add. So you're buying a young farm average creative three years, and they don't have the full line projects until seven years in. So it's kind of like, you know, you're seeing the appreciation, or the production of limes increase and triple and quadruple about three or four years to increase the NOI. So you can start on the other years with, you know, no cash for the first year, but then second year, when it kicks into year for your policy, you know, 4 to 6%. And then cash yield, this is…   Michael: Yeah.   Peter: …and up to that eight years, our goal is to get you to a steady 12 to 15% annual cash yield.   Michael: Oh my gosh…   Peter: …and so we were aiming to give people the opportunity to think about this from a you know, because in all years real estate, you know, the old rule was you go for an 8% cap rate, or return. And that's now become five and a half percent in most markets. But then you could leverage it up 13 to 15, by putting you know, 75% loans on it, basis to give you that, you know, let's call it leverage return, but without a pure cash basis. And, and you know, it's it's playing out perfectly right now. We see no reason why they shouldn't keep doing what it's doing. And we're now looking at trying to find overseas loans to then offer leverage on the next phase of this product. So that's our that's our 2022 Gold.   Michael: Oh, my gosh, that's so exciting. Well, we'll definitely have to have you back on to keep us posted on how that comes along. So at the beginning of the show, and maybe even before we started recording, we were talking about depreciation. So is there, I know, there's no depreciation on land in the States. But does that change with going overseas and having putting trees on the land?   Peter: Yeah, depreciation very much as an American thing. I mean, it's, it's, it's one of the wonders of the world.   Michael: The Eighth Wonder…   Peter: It is? No, so I mean, anything overseas, so I get all these ask questions, you know, kind of 1031, you know, getting yet so the answer's no…   Michael: Okay.   Peter: But notes, but I think, you know, the goal here is, I don't want people to think about this is the strategy, you know, look at, look at your asset allocation, what are your goals in life. And so I basically have four buckets, you know, I have some money in the stock market, which is for liquidity reasons only, I don't trust the stock market, you know, you can't time it, it's going to do what it's going to do. But I keep a good between 10 and 20% of my wealth in the stock market, because I can sell my ETFs mutual funds, Tesla shares, you know, what I can play in that market, between US real estate and have around 60% of US real estate, because it's the right thing to do. It's data driven to get in the right markets, or the fundamental we talked about.   Michael: Okay.   Peter: Third bucket is farmland, and I take between 10 to 30%, depending on where I'm at, with my portfolio in overseas file now, which is not, you know, in US dollar terms, because $30 trillion will become due at some point, the empire may end at some point in our lifetime on my kids lifetime, you know, they all end at some point. So let's like, you know, have an asset class like farmland, which is going to give consistent cash yield for decades overseas, not correlated with the US dollar and then the final fourth bucket is play money, you know, crypto know something's, you know, the fourth bucket is I can wake up tomorrow and I've lost everything and I'm okay with that.   Michael: Right.   Peter: Just to keep my intellectual curiosity so that's it you know, stock market, US real estate fundamental, get some diversity with overseas farmland and then play money.   Michael: I love that Peter. And so just from like an operational standpoint, because I think so many folks are capable of wrapping their heads around a house. It's made up of wood, maybe concrete bricks, has a roof and needs things to be maintained over time, it's got pipes, electrical components, with a farm I mean, you were talking about that maturity, intuitive of trees for limes kind of hitting for seven, eight years? Do the trees die? Do they get too old to produce? I mean, what is kind of the CapEx look like for a traditional farm?   Peter: Yeah, so so great question. I love that question because I like to talk about my real estate journey because I went from like single family to multifamily to mobile home parks to… …and so as I went up the chain, you know, people kept educate me and say, listen, you know, with a single family home, you've got an air conditioner, roof, you know, all the stuff that needs to be maintained over a certain period of time, multifamily, get more spit more scale, mobile home park, it's not a concrete pad.   Michael: Right.   Peter: But some utility connections, you get to a farm, or hold on a minute…   Michael: Forget the path.   Peter: Exactly. There's no concrete. You know, there's some inner roads and like, you know, the farmhouse for the farm manager, but you know, from, and the key to that thing, really, from my perspective, to the point of longevity of this is that, you have to choose the right crop. So in the case of a lime tree, you plant it, takes seven years to get to full production, in the case of this genetic originated is slightly different, but citrus fruit is around seven to eight years.   Michael: Okay.   Peter: And then it lasts for 20 to 24 years in total, before the production starts to decline.   Michael: Okay   Peter: So at the end of that 20 year cycle, you start to take out trees that are starting to reduce net production of limes, replant them and go to the next cycle. Coconuts, we have a Malayan hybrid dwarf genetic, which is an incredible… …. is that so you think about coconut trees, like they are like 30 feet tall. Harvesting coconuts from a very tall tree is quite onerous. So you need a hybrid dwarf variety, which means they're lower, easier to harvest.   Michael: Okay.   Peter: There is a lot of stuff into the truck you're choosing and more importantly, the genetic of tree you're choosing, but they last for between 60 and 80 years. So think about that… That's like, so this is intergenerational…   Michael: So when you ever start producing?   Peter: A year four, maximum year eight. So we have coconut lots today that are at year five, producing coconuts. And here's my goal, my goal is to basically have the casio for me and my wife for the next, you know, hopefully 30 years, knock on wood. But then it passes to my kids, they're going another 50 years of this casio after that fact, in a very hardy crop. You know, there's, there's all kinds of things happening globally with coconuts where a lot of the original trees planted in Philippines and you know, India and various other places, they're starting to get what's called senile, there's like there's a term in agriculture, like when trees get really old and they die off, they become senile, is the term.   Michael: Interesting!   Peter: A lot of the traditional coconut, you know, producing countries have too much …, senility. And so we're now stepping in with Colombia, planting fresh for that for 50 to 80 year cycle. So that's the point of doing it. And I'm not replacing air conditioners and a ruse after 20 years.   Michael: Oh, my gosh, that is wild. And so is Colombia, the main focus for farmland currently. And are there plans to expand?   Peter: Yes, yes and yes. Why do we choose Colombia? Because it has the best agricultural climate on planet earth.   Michael: Isn't Colombia the most biodiverse country in the world?   Peter: Yep.   Michael: Yeah.   Peter: Outside of Puerto Rico, maybe.   Michael: Okay. Okay, I remember.   Peter: So look at the world map, Michael and you'll see… Just just type in your browser, precipitation world map. Go and look for where all the water is. Ain't in California. You know, so, so you're looking for longevity looking, I mean, the same data I have, for my US real estate, around job growth and population with all this stuff. It's actually soil climate, which means sunshine and rain, because in Colombia, our farms are at high altitude. So we have this region, it's called Candeer, it's where the coffee triangle is.   And traditionally, you know, Colombian coffee is the best in the world.   Michael: Yeah.   Peter: This is where the best coffee in the world was, is still growing, you know, for hundreds of years by small farmers. And we've just our farms are there on the line farms are there. And so in the morning, you get like perfect sunshine, allows, you know, nutrition under the trees, sunshine, photosynthesis, it allows the lamps to grow and the sunshine makes them emerald green. In the afternoon, a storm comes in rains gives us the actual rain to keep the product, you know, growing. And that's the perfect climate. And that's why Colombia really is the foothold. It's the best agricultural world, you know, part of the world and also there's multi-generational farming skills, because in the same way you need a property manager and use real estate. You'd have far management team in agriculture. So we have the lineage you know, there's a company we use who actually third party manage all of our farms right now in this region. And the guy that Jorge Campusano, his family has been doing citrus and avocados for, you know, three generations. So we're just leveraging the skills and the talent and the climate and more importantly, to finish the point on why Columbia the land is a lot cheaper than California or US farmland.   Michael: Yeah.   Peter: And the labor is much cheaper. So give the Colorado's rich people don't really fully get the minimum wage in California is $14, you know an hour.   Michael: Yeah.   Peter: In Colombia, a livable wage is a buck 40. And so people say to us, oh, well, you're under paying. If we're not under paying our farm workers, you can live nicely in Colombia, with their cost of living. So imagine those two variables alone land cost and labor cost. That's why we're overseas and that's why there's profit in the supply chain from farm to table, as we call them.   Michael: Yeah. I remember being down there, it was some of the best produce I've maybe ever had in the world, you can go get a meal a good meal for 4 or 5, $6 US like.   Peter: Incredible. I go to a restaurant where in Florida where I live, you know, I just pay $120 for me and my wife to have a couple of beers and you know, nice Maine, you know, over there, like $14.   Michael: That's pretty amazing. Yeah…   Peter: I mean, Columbia, medi get down there people. It's incredible.   Michael: Yes, yes, it is. Oh, Peter, this is amazing. How can people if they want to invest, they want to learn more about Farmfolio, they have additional questions for you, how can people get a hold in touch to get those questions answered?   Peter: Yeah. So I'm going to publish my personally mail address right so you can get to me directly.   Michael: Wuuh, very nice!   Peter: On farmfolio.net/roofstock. Okay… Farmfolio, our goal is that you have a portfolio and a segment of that portfolio is a Farmfolio. You know, choose different farms, coconuts, limes, you know, avocado, whatever you want. And then yeah, so farmfolio.net/roofstock is where you can find me and peter@farmfolio.net, if you want to come to me direct.   Michael: Amazing. Well, Peter, this was so much fun, really informative, really exciting stuff. Definitely look forward to seeing where Farmfolio goes from here. Thanks again for coming on.   Peter: It's a pleasure. Thanks, Michael.   Michael: Hey, you got it, take care…   Okay, well, now that was our episode with Peter, a huge thank you to Peter coming on. I felt like I got really giddy on the episode. It is a really exciting, interesting topic, one that I had never heard much about. So I'm definitely going to do some more research. As always, if you like the episode, feel free to leave us a rating or review wherever it is those in your podcasts. We look forward to seeing the next one and happy investing!

Summary: Inflation is here to stay whether you have real estate or are holding various resources. Peter Badger comes on the show to talk about how we can use real estate to protect against inflation, specifically by investing in farm land. Tune in to hear about this real estate niche and some of its benefits. Highlights: -Whether you have real estate or are holding various resources, inflation is here to stay, and will probably last many years -Real estate is a great way to protect against inflation -Peter Badger specializes in farm land -He started to look into where to put your money to avoid losing it in the down cycle -It's critical to balance asset allocation -Outside of the US, real estate is very different; how do you navigate these differentiating factors? -It's good to meet bilingual people that have connections -The pandemic has been a great reset for individuals' investment portfolios -Even if inflation goes up, your land also goes up Useful Links: Financial Survival Network Farmfolio

Today, my guest is Peter Badger. Peter is an entrepreneur investor, who has been successfully investing in ag development projects since 2016. And he recently joined Farmfolio's executive team as the chief strategy officer. And just a minute we're going to speak with Peter about the value of owning farmland.

J Darrin Gross I'd like to ask you, Peter Badger, what is the BIGGEST RISK?   Peter Badger   The BIGGEST RISK is the macro risk that you, as an owner or investor, do not follow a very data driven due diligence process before you buy. And so I can sit here with my risk matrix and my process, and I go through it. And that's the irony of this, you need to have a risk process, a due diligence process to follow Darrin and most people don't, if I had $1, for every time somebody took a recommendation from a friend, or went to the internet, downloaded a nice glossy marketing brochure and trusted somebody. I there's a there's a famous quote from Ronald Reagan, when he met Mikhail Gorbachev. And I don't know the Russian saying, but it was basically trust, but verify. And that's what you have to do. So the biggest risk for me is that you don't verify you don't have a process, you don't have a due diligence matrix with all these areas to look at, you don't follow the data to make sure that what people are telling you is actually true or not, that they have the track record that they have considered all these aspects in that asset class that you're considering owning.

Peter Badger is the Chief Strategy Officer at Farmfolio.  Their mission is to make farmland ownership easy for everyone. Peter has been an avid real estate investor for years and educator with a current focus on overseas farmland. In this episode, Peter discusses why overseas farmland is a worthy investment, how it works and why the returns are better than U.S. farmland.Peter talks about multifamily and overseas farmland – the two asset classes which thrived for him during pandemic.  He also discusses the importance of real assets because the stock market is so cyclical and the benefit of investing in farmland as an asset class that is completely non-correlated to other assets.  He mentions that the core of his wealth is in real assets like multifamily and farms.Peter talks about his multifamily portfolio and the why he still invests in apartments but has now changed his focus to farmland as he can have more control and no tenant related risks. He mentions that many high wealth people have up to 25% of their wealth in farms and forestry. He likes the Farmfolio approach because the farms are managed in the entirety but can be broken into individual lots and can be sold individually and managed under a Farm Owners Association.  The returns are combined with all plots on the farm, so you get the average of the whole farm rather than just from your plot. He also mentions that there is a secondary market for the farms, so you can sell a performing farm plot to a new investor.He explains that farmland and labor in the United States are more expensive than overseas which lowers returns significantly.  There are also improvements that can be made to the land and processes because many overseas farms are not as sophisticated and the farmers don't have the expertise to export to the U.S. where they can get higher prices for their products.Peter talks about the importance of choosing the right country, making sure that you understand the property rights, how to take title, foreign ownership rules and capital controls of money coming in and leaving the country. He also discusses how to analyze the deal, concentrating on sponsor, market and asset class. Podcasts he recommends:Old Dog Real Estate Podcast  Risk Matrix he mentioned can be accessed here: https://tinyurl.com/farmlandanalysismatrix To connect with Peter email him at peter@farmfolio.net or go to www. farmfolio.net. If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.  Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust.  Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community.    Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.   

The great thing about investing in real estate is that it's an asset class that meets a person's basic needs.  The same is true for food-related asset classes.  In today's podcast, real estate investor and farmland investor Peter Badger shares the advantages of investing in farmland both for its great returns and to build intergenerational wealth. For complete show notes go to http://olddawgsreinetwork.com/passive-cash-flow-with-farmland/ IF YOU LIKED THIS PODCAST, we would love if you would go to iTunes or Apple Podcasts and Subscribe, Rate & Review our podcast.  This will greatly help in sharing this podcast with others seeking to learn real estate investing.

Sign up for The Real Wealth Solutions Report bit.ly/RWSReport.We host a twice monthly meet up that alternates between meeting in person and online, and at our most recent online meeting we were lucky enough to have Peter Badger and Keke Williams of Farmfolio and Global Investor Alliance join us for a presentation on their journey through real estate and international agricultural investing. Both topics are super interesting, and we wanted to take the opportunity to share it with all of you. Peter and Keke are working from a presentation and if you'd like to view it click on this link – https://youtu.be/9aLjx0puTV0  - to head over to our YouTube channel where you may watch the recording. Additionally, here is the link to our East Tennessee Multifamily Meetup group page where you will find more information about us as well as our upcoming meeting schedule.https://bit.ly/EastTNMultifamilyFBWe hope you enjoy listening and if you think of someone who might enjoy it as well, we appreciate you passing it along. Reach Greg at -Greg@realwealth.solutions or schedule a call - Calendly - Greg ScullyReach Darren at -Darren@realwealth.solutions or schedule a call - Calendly - Darren LightThanks for listening and, as always, an honest review or follow is greatly appreciated.

Our guest today is Peter Badger with Farm Folio. Peter describes a unique offering in the market that seems aimed at reducing the risk associated with investing in agricultural real estate. They have vertically integrated the entire supply chain and eliminated the middle-man. Today's show is a unique perspective on agricultural land. To connect with Peter, you can email him directly at peter AT farmfolio.net or visit farmfolio.net.

Peter Badger, Founder of Global Investor Alliance, joins us to discuss selling his company to Citrix, his adventurous journey learning to place capital in Real Estate, international agriculture investments, and much more. Connect with Peter at https://go.buythefarm.net/

In today's episode, you'll hear from returning guest, Peter Badger. Peter was a guest on Episode 652, where he talked about building wealth through our global investor alliance. You are encouraged to go back and listen to that show because Peter is an avid real estate investor and educator. With his partner, Karen, they invest mainly in US multifamily and overseas agriculture. Real estate investing and education is their full-time endeavor and quenches their thirst for service, global travel, and adventure. 

Before you think of investing in real estate, it is so important to educate yourself! Today's guest is Peter Badger and he joins us to talk about how he jumped into real estate head first, having to learn the hard way, and how he is applying all the lessons this taught him to help others now. Peter spent 18 years on Wall Street then founded a tech company in Silicon Valley. After his company was acquired in 2014, he turned to real estate investing to retain and grow his wealth. Realizing that real estate education was hard to come by on his investing journey, he eventually co-founded Global Investor Alliance in 2018 with his partner Karen. Peter does a great job of explaining his amazing journey in the business, stressing his mindset of perseverance as he experimented with many asset classes before landing on investing in multifamily syndications.Our gracious sponsor:Lionshare Bookkeeping believes the key to generating wealth is understanding where it comes from, and where it needs to go. They provide bookkeeping and financial coaching exclusively to Real Estate Investors - focusing on cash flow, strategy, and action. Go to http://bit.ly/LionshareBookkeeping to connect with them now.