Podcast appearances and mentions of phil capron

This interview is part of a new series where we talk to someone who's recently become a franchisee. They will share their journey, their process for evaluating franchises, and what they wish they had known.In this episode, I've got Philip Capron. Phil is a Navy vet who lives down in the Virginia Beach area. He recently transitioned from full-time real estate to buying a handyman franchise and working to scale it up.Check out Brian's newsletter Stay up to date with all things franchising by following Brian on Twitter & LinkedIn

Join Mike Cavaggioni with Jonathan New on the 188th episode of the Average Joe Finances Podcast. Jonathan shares about accomplishing big goals through teamwork, scaling up from single-family to $100m+ AUM of multi-family, and life balance/stress management.In this episode, you'll learn:Finding your work-life balance while investing in multi-familyTechnicalities of Property management, in-house and outHow to determine the perfect roles for each team memberHow to find the right deal for your businessAnd so much more!About Jonathan New:Jonathan, originally from Anniston, AL, graduated from Auburn University in 2004 with a degree in Psychology and received his commission as an Ensign in the US Navy. During his 17 years of Naval service, he also earned his Master of Science in Defense Analysis from the Naval Postgraduate School in Monterey, CA.During his Navy career, he has had the privilege to lead a department of 226 Sailors while managing an annual budget of $6.5M. In 2007, Jonathan bought his first house while stationed in Jacksonville, FL. He rented this house while stationed in Japan, Hawaii, San Diego, Monterey, Rhode Island, Washington DC, and Virginia.20.06M of investor capital to actively acquire real estate in the Hampton Roads, VA area, accomplishing 13 single family flips, developing 21 single family rentals, closing seven multi-family syndications of 396 units total, including a 104-unit acquisition with Phil Capron, and overseeing $8.43M in renovations in both residential and commercial real estate. As of March 2022, Jonathan's total portfolio accounts for $61.8M AUM.Jonathan is a two-time guest on Anthony Pinto's “The Lessons in Real Estate Show,” Active Duty Passive Income's podcast, a founding member of Alex Breshear's Private Lending Lessons Group, a frequent presenter in ThInk's local investor meetups, and is a mentor to several budding entrepreneurs estate, he has added 8 commercial cash-flowing properties to his portfolio.  Find Jonathan on:Website: www.fwcinvestments.comFacebook: https://www.facebook.com/FWCInvestments/Instagram: https://www.instagram.com/fwcinvestments/Youtube: https://www.youtube.com/channel/UC3HcDQEEuKsS6GsibsinDDALinkedIn:https://www.linkedin.com/company/fair-winds-capital-investments/ https://www.linkedin.com/in/jonathan-new-6800471b5/ Average Joe Finances®All of our social media links and more: https://averagejoefinances.com/linksAbout Mike: https://themikecav.comREWBCON: Join me at the Real Estate Wealth Builders Conference. Use promo code “Mike” to save 10% on tickets. https://averagejoefinances.com/rewbconImportant Tools and Resources that I UseFinancial Resources: www.averagejoefinances.com/resourcesCRM Tool: www.averagejoefinances.com/crmPay Off Your Mortgage in 5-7 Years:www.theshredmethod.com/averagejoefinanceshttps://bit.ly/replaceyourmortgageFind a REALTOR® in any state: www.averagejoefinances.com/realtorMake Real Estate Investing Easier with DealMachine:www.averagejoefinances.com/dealmachinePodcast Hosting: www.averagejoefinances.com/buzzsproutPodcast Editing Services: www.editpods.com*DISCLAIMER* www.averagejoefinances.com/disclaimerSee our full episode transcripts here: www.averagejoefinancespod.com/episodesSupport the show

Phil is an awesome guy.  He was enlisted in the Navy and got into real estate investing and now runs Mission First Capital, which opens up options for veterans to invest in real estate. Norfolk VA Real Estate Investment Firm | Commercial Property Investment Fund | Military Passive Income Investing in Norfolk (missionfirstcapital.com)Phil Capron | LinkedInTransition Assistance Program | U.S. Department of Labor (dol.gov)Amazon.com: Who Not How: The Formula to Achieve Bigger Goals Through Accelerating Teamwork eBook : Sullivan, Dan, Hardy, Benjamin: Kindle StoreYour VA Loan: and how it can make you a millionaire: Capron, Phil: 9781707402984: Amazon.com: Books

Welcome to Purpose-Driven Wealth! In this episode, Mo Bina shares a conversation with a former US Navy Special Warfare Combatant Craft Crewman (SWCC) turned real estate entrepreneur, Phil Capron. Phil talks about the unique challenges a Veteran faces, especially on the financial side, and what they can do to address this based on his experience. He also shares his passion for helping Veterans and Active Duty Military Members achieve financial freedom through Real Estate Investment. Tune in and enjoy!   In this episode, Phil talks about…   His journey from a confused 24-year-old to a 38-year-old real estate entrepreneur House hacking Airbnb exploration Unique financial challenges the Veterans faces His book: Your VA Loan and How it Can Make You a Millionaire   About Phil Capron…   Phil Capron learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty.   He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia.   10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. He wrote his first book "Your VA Loan: and How It Can Make You a Millionaire" in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate, Mission First Capital.   Catch Phil Capron on…   Website:           https://missionfirstcapital.com/ Facebook:        https://www.facebook.com/missionfirstcapital/ LinkedIn:          https://www.linkedin.com/company/missionfirstcapital/ Instagram:        https://www.instagram.com/missionfirstcapital/ YouTube:          https://www.youtube.com/channel/UCYkouRejBadZ89sJw153lAw            Connect with Mo Bina on…   Website:          https://www.high-risecapital.com/ Medium:          https://mobina.medium.com/ YouTube:        https://www.youtube.com/channel/UC5ISsEKBHlkX7lk9b68SKLA/featured Instagram:      https://www.instagram.com/highrisecapital/   For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index          

By 2018, Jonathan began raising over $1.06M of investor capital to actively acquire real estate in the Hampton Roads area, accomplishing 13 single-family flips, acquiring 16 single-family rentals, closing three multi-family syndications of 143 units total, including a 104 unit acquisition with Phil Capron, and overseeing $1.33M in renovations in both residential and commercial real estate. As of October 2020, Jonathan's total portfolio accounts for $16.8M AUM. [00:01 - 12:22] Working with the Economic Downturn Scalability in the multifamily business The importance of multiple exit strategies [12:23 - 19:55] Owning a Property Management Company Increasing NOI and property value Advice for property management operators [19:56 - 26:51] The Legacy Round How to Build Your Investor Network Want to know the best-kept secret when it comes to investing in single or multifamily flips? Hire an interior designer. Elevate your design, reconfigure your floor plans and develop functional spaces, all to maximize your ROI. Just reach out to Melanie at melanierene@gmail.com. [26:52 - 33:21] Slice of Knowledge Final Words: “I love my kids.” Slice of Wisdom: “Skip Single-Family.” Multifamily Vocabulary: Yield on Cost, Equity Multiple, Cost Segregation Recommendations: The Real Estate Syndication Show, Rocket Fuel Reach Jonathan Website: https://fwcinvestments.com/ CONNECT WITH US: Ike Ekeh Instagram: @ikeekeh_ Website: www.rubiconcre.com Email: ike@rubiconcre.com Twitter: @ikeekeh LinkedIn: Ike Ekeh Dre Evans Instagram: @drmultifamily Linkedin: Dre Evans Twitter: @drmultifamily Email: thatsmypropertyinv@gmail.com Website: www.drmultifamily.com Grab your copy of That's My Property on Amazon San Diego Real Estate Investor Meetup Group FIND US ON: Apple Podcast Spotify Libsyn Amazon Music Audible I Heart Radio Multifamily by the Slice Podcast Podchaser Tweetable Quote “Having that secondary, even tertiary, or quaternary exit strategy is hyper important.” - Jonathan New --- Send in a voice message: https://anchor.fm/ikedre/message

By 2018, Jonathan began raising over $1.06M of investor capital to actively acquire real estate in the Hampton Roads area, accomplishing 13 single-family flips, acquiring 16 single-family rentals, closing three multi-family syndications of 143 units total, including a 104 unit acquisition with Phil Capron, and overseeing $1.33M in renovations in both residential and commercial real estate. As of October 2020, Jonathan's total portfolio accounts for $16.8M AUM. [00:01 - 12:22] Working with the Economic Downturn Scalability in the multifamily business The importance of multiple exit strategies [12:23 - 19:55] Owning a Property Management Company Increasing NOI and property value Advice for property management operators [19:56 - 26:51] The Legacy Round How to Build Your Investor Network Want to know the best-kept secret when it comes to investing in single or multifamily flips? Hire an interior designer. Elevate your design, reconfigure your floor plans and develop functional spaces, all to maximize your ROI. Just reach out to Melanie at melanierene@gmail.com. [26:52 - 33:21] Slice of Knowledge Final Words: “I love my kids.” Slice of Wisdom: “Skip Single-Family.” Multifamily Vocabulary: Yield on Cost, Equity Multiple, Cost Segregation Recommendations: The Real Estate Syndication Show, Rocket Fuel Reach Jonathan Website: https://fwcinvestments.com/ CONNECT WITH US: Ike Ekeh Instagram: @ikeekeh_ Website: www.rubiconcre.com Email: ike@rubiconcre.com Twitter: @ikeekeh LinkedIn: Ike Ekeh Dre Evans Instagram: @drmultifamily Linkedin: Dre Evans Twitter: @drmultifamily Email: thatsmypropertyinv@gmail.com Website: www.drmultifamily.com Grab your copy of That's My Property on Amazon San Diego Real Estate Investor Meetup Group FIND US ON: Apple Podcast Spotify Libsyn Amazon Music Audible I Heart Radio Multifamily by the Slice Podcast Podchaser Tweetable Quote “Having that secondary, even tertiary, or quaternary exit strategy is hyper important.” - Jonathan New --- Send in a voice message: https://anchor.fm/ikedre/message

By 2018, Jonathan began raising over $1.06M of investor capital to actively acquire real estate in the Hampton Roads area, accomplishing 13 single-family flips, acquiring 16 single-family rentals, closing three multi-family syndications of 143 units total, including a 104 unit acquisition with Phil Capron, and overseeing $1.33M in renovations in both residential and commercial real estate. As of October 2020, Jonathan's total portfolio accounts for $16.8M AUM. [00:01 - 12:22] Working with the Economic Downturn Scalability in the multifamily business The importance of multiple exit strategies [12:23 - 19:55] Owning a Property Management Company Increasing NOI and property value Advice for property management operators [19:56 - 26:51] The Legacy Round How to Build Your Investor Network Want to know the best-kept secret when it comes to investing in single or multifamily flips? Hire an interior designer. Elevate your design, reconfigure your floor plans and develop functional spaces, all to maximize your ROI. Just reach out to Melanie at melanierene@gmail.com. [26:52 - 33:21] Slice of Knowledge Final Words: “I love my kids.” Slice of Wisdom: “Skip Single-Family.” Multifamily Vocabulary: Yield on Cost, Equity Multiple, Cost Segregation Recommendations: The Real Estate Syndication Show, Rocket Fuel Reach Jonathan Website: https://fwcinvestments.com/ CONNECT WITH US: Ike Ekeh Instagram: @ikeekeh_ Website: www.rubiconcre.com Email: ike@rubiconcre.com Twitter: @ikeekeh LinkedIn: Ike Ekeh Dre Evans Instagram: @drmultifamily Linkedin: Dre Evans Twitter: @drmultifamily Email: thatsmypropertyinv@gmail.com Website: www.drmultifamily.com Grab your copy of That's My Property on Amazon San Diego Real Estate Investor Meetup Group FIND US ON: Apple Podcast Spotify Libsyn Amazon Music Audible I Heart Radio Multifamily by the Slice Podcast Podchaser Tweetable Quote “Having that secondary, even tertiary, or quaternary exit strategy is hyper important.” - Jonathan New --- Send in a voice message: https://anchor.fm/ikedre/message

Today's guest is a naval special warfare combatant-craft crewman, who spent days jumping out of planes, shooting and manning radios on the small, fast boats that take Navy Seals and special ops to missions in non-permissive or denied areas of the world. In his downtime, he discovered a passion for real estate. Upon completing his service, he began selling homes for his buddies transferring from Virginia to other stations. He grew into multifamily, acquiring over 500 units, and founded Mission First Capital — the first 100% only veteran-owned and operated fund specifically for veterans and members of the US military.  

This is part 2 of my conversation with Phil Capron, Phil Capron is a real estate investor who has learned a lot about the industry over the years. Phil learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty. He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia. He wrote his first book “Your VA Loan and How It Can Make You A Millionaire” in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate First Capital.   In this episode, Phil discusses the importance of safety in people's homes, no matter their class of asset. He feels an obligation as people in the real estate investing space to make sure their team goals are aligned and that their hearts are in it too. He expresses his concerns about the industry as it stands and how it can be challenging to provide a quality home to someone in a tough environment. He mentions that it is important for real estate investors to be aware of what areas may be more dangerous, so that they can take precautions when working in those areas. Listen in!   [00:01 - 09:09] The Importance of Providing Quality Security Measures Phil discusses the different classes of homes and how each one is different but still tries to provide the best home possible at each price point He feels that the industry should do more to make residents feel safe in their homes and that includes doing things like locking doors and windows, and ensuring that everything can be locked up He explains that it is important to do one's part in order to make people feel safe, and that this includes providing quality security measures [09:10 - 15:43] Focus on Having Good Cash Flow That Are In A Good Neighborhood Phil discusses how it is important to be aware of the situations in which you are investing and to know what kind of risks are involved The importance of being able to handle difficult situations; and  The benefits of having a high cash flow He points out that there are higher levels of complications associated with investing in economy housing compared to more expensive properties He recommends that investors focus on properties that have good cash flow and are in good neighborhoods   [15:44 - 22:22] The Active Military Presence In Real Estate Phil shares that there is a lot of military presence in real estate because it is a very successful industry The military teaches people how to be successful under difficult circumstances He shares his company, “Mission First Capital”, that it is a real estate investment company that is focused on military and veteran investors The company has a strong relationship with ADPi and its team includes friends of the founder who are in the real estate industry He says that the company is excited to work with military and veteran investors who are willing to bring value to the world He shares that the founder believes that there is meritocracy in the real estate industry, regardless of rank or experiences [22:23 - 28:04] Closing Segment Phil invites us to visit his website: https://missionfirstcapital.com/ Phil discusses that people are doing things they don't understand, and it ‘s making it difficult to find work He discusses how they're feeling a lot of pressure lately and that it's been affecting their work How the industry is changing and how it's harder to make a long-term career in real estate   Tweetable Quotes:   “We work in some rougher stuff and the intention of getting into rougher stuff is to work our butts off, to make it less rough.” – Phil Capron   “You get to pick the type of problems that you have in this life I believe… I've done a fair amount of fairly rough stuff on the flipping side and on the multi-family side and I find it rewarding.” – Phil Capron     Connect with Phil through his website at https://missionfirstcapital.com/   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.

This is part 1 of my conversation with Phil Capron! Phil Capron is a real estate investor who has learned a lot about the industry over the years. Phil learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty. He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia. He wrote his first book “Your VA Loan and How It Can Make You A Millionaire” in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate First Capital.   In this episode, Phil shares his knowledge with us and discusses how to be successful in the real estate market. He discusses how to flip houses, and then he finally buys first multifamily building. He teaches middle school students about the difference between investing and selling, and explains that most of what he does is buying. Phil encourages listeners to take their time when making investments and to make sure that deals are done carefully so that relationships with friends are not damaged in the process. Listen in!   [00:01 - 06:39] A Better Understanding On Valuation and Underwriting When Buying A House   Phil shares his knowledge on real estate investing and how he started out flipping houses and he bought his first multifamily building in 2017 He discusses how adults don't understand the difference between being a realtor and being an investor He had to explain it to them himself He explains that school teaches you how to establish good relationships, but you don't learn about financial literacy in school He talks about how flipping is similar to another job and how you need to learn skills for it if you want to do it successfully Flipping houses has helped him financially He teaches how it can be done successfully if done correctly He discusses the importance of understanding valuation and underwriting when buying a house   [06:40 - 16:43] Single-Family Homes Are Easy To Manage   Phil recommends refinancing the complex to take advantage of tax-free money or selling it for a larger sum of money, which would give them more equity in the property He says that some people are hesitant to sell their single-family homes because she likes the returns they provide and doesn't want to lose money on them He recommends to sell a single-family home on the open market and getting market value for it He says that it's okay to own some single-family homes as long as you have the systems and processes in place to manage them Single-family homes are easy to manage   [16:44 - 22:55] Trust Is The Key To Success In The Multifamily Market   Phil discusses how your client's trusts you with their money   They trust you to go within your network and get the best vendors Get professional help They are going the passive investor route Phil understands that there is some fear associated with apartment syndication and deals, but it is a similar experience to skydiving You have no idea if deals are going to go off without a hitch and make good returns Phil discusses how the key to success in the multifamily market is mitigating vacancy risk, which can be difficult to do in smaller properties Real estate is a cyclical industry and even in the midst of a downturn, there is still potential for growth [22:56 - 28:04] Closing Segment Phil invites us to visit his website: https://missionfirstcapital.com/  He still believes that even if someone is living in a difficult area, they can still achieve their dreams if they are willing to work hard.   Tweetable Quotes:   “Go within your network, get the best vendors, get the best professional help, and you figure it out because when you take other people's money, that's your job.” – Phil Capron   “I'm an avid skydiver, so sponsoring or being on the active side of an apartment syndication or apartment deal. It's not so much different, it's the same as skydiving. It's probably going to be scary there's some things that you don't know, but there's other people like millions of people that have done it and they've lived.” – Phil Capron     Connect with Phil through his website at https://missionfirstcapital.com/   LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode. Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306. Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/. To learn more about me, visit my LinkedIn profile, and connect with me.

Phil Capron learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty.He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia. 10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. He wrote his first book "Your VA Loan: and How It Can Make You a Millionaire" in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate, Mission First Capital.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:His experience in the military.His first real estate investment.What his business looks like today.How he was able to build his business.What his business has looked like over the past years.His experience with investing in small-scale commercial multifamily deals.What's on the horizon for his company.His biggest challenge.What's going really well with his business.KEY QUOTE:“My goal is to turn the light bulb on for the military members and veterans who maybe have never invested.”CONNECT WITH OUR GUEST:Website: MissionFirstCapital.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/theleadsponsorFollow us on YouTube: https://www.youtube.com/c/TheLeadSponsorFollow us on Instagram: https://www.instagram.com/theleadsponsor/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-lead-sponsor-podcast-real-estate-investing/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE

Welcome to the Real Estate (Un) Success podcast where our host, Cody Lewis talks to people from the real estate community, sharing real stories about their struggles, pains, and even losses during their own real estate journey. In this episode, Phil Capron talks about how he learned a hard lesson on, “working to learn before working to earn”.       Phil served honorably as a Naval Special Warfare Combatant Craft Crewman, where he spent his days jumping out of planes, shooting, and manning the radios on the small fast boats that take Navy SEALs and other Special Operations personnel to and from their missions in non-permissive or denied areas of the world.       During his time in service, Phil realized that real estate was something he had a passion for and could help others, so he committed to pursuing it further. He took a real estate license course while still in the Navy and upon separation in 2012, immediately went to work selling his military buddies' homes as they transferred to and from Virginia. In 2019, Phil penned his first book "Your VA Loan: and How It Can Make You a Millionaire" in an effort to educate more military members and veterans about real estate.         Key Takeaways   Even if you're working with your best friend or a family member, write up an agreement and set the expectations. Mitigate your risks, early on, especially if you're new. If you're working on you first flip or your first renovation project, add a little to cushion the end of you budget and schedule. For a startup or someone new, 10% may be an appropriate cushion.             Thanks for listening to The Real Estate (Un)Success Stories podcast.  Help someone hear the challenges we went through so they can avoid the same mistake by sharing this episode or listen to our previous episodes. Please don't forget to leave a review and 5-star rating on your favorite podcasting platform.         Vendue Capital is on the Web and, you can connect with our host, Cody Lewis on LinkedIn.       Production services for The Real Estate (Un)Success Stories podcast are provided by Downtown Podcasting. To start a conversation on how you can have a podcast, simply send an email to info@downtownpodcasting.com.

Are there any opportunities for military members and veterans to invest in real estate? Absolutely!  Here to open up real estate opportunities for our brothers and sisters in uniform is Navy veteran, Phil Capron. Phil founded Mission First Capital to give an option for military members–both active and retired–to participate in real estate investments for as little as $5,000 at a time.  Having been investing since he was on active duty, Phil knows the exact problems that military members face and offers solutions that fit whatever lifestyle they want to live.    [00:01 - 02:29] Opening Segment Phil Capron tells us how to utilize the Veteran's Administration (VA) Loan He recapped how he jumped from the Navy to the real estate space [02:30 - 15:42] Crash Course on Reg A+ Funds The problem with using your own capital in real estate deals What motivated him to start a Reg A+ fund When should you do a Reg A+ fund? A Reg A+' fund's advantage over crowdfunding Phil talks about the kind of investors who can join a Reg A+ fund Should you be a military member first in this type of deal? [15:43 - 19:22] Closing Segment A tool or resource you can't live without His personal relationships Slack A real estate mistake you can help other investors avoid Don't procrastinate by telling other people your goals and finding a way to make them happen Your way to make the world a better place Helping his fellow military members and veterans to invest in real estate Reach out to Phil See links below  Final words   Tweetable Quotes “Just know that if you're committed to an outcome, and you're creative, and you lean into your network and create win-win relationships, almost anything can happen.” - Phil Capron “[Real estate] is a team business. What I found out pretty early is you can only go so far alone, you can only go so far with like a small partnership.” - Phil Capron “What we like to say is investing with us today will not change your lifestyle, but it could change your life.” - Phil Capron -----------------------------------------------------------------------------   Email phil@missionfirstcapital.co to connect with Phil or follow him on LinkedIn. Start your real estate journey together with your fellow military members and veterans by visiting Mission First Capital.    GRAB A FREE COPY of Phil's book about VA loans here. 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 today's episode? Check it out below:    Phil Capron  00:00 You can go invest on a platform and pick your deal, pick your jockey and go for it. What we are offering and the story we're telling admission first is you're investing in a suite of properties across a few different asset classes across multiple proven veteran real estate operators, so 100% that are known and operated real estate opportunities.    Intro  00:24 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  00:32 Phil Capron has 10 years in the business and as of today, over 500 apartment units. His focus is expanding the real estate opportunities for military members and veterans, and he's also the founder of the Reg A fund, Mission First Capital. Phil, welcome to the show.   Phil Capron  00:47 Hey, glad to be here. Thanks so much for having me.   Sam Wilson  00:49 Hey, man, the pleasure is mine. Same three questions I ask every guest who comes on the show. In 90 seconds or less, can you tell us where did you start, where are you now, and how did you get there?   Phil Capron  00:56 Rapid-fire. So I started as a special operations guy in the Navy. My job was called Special Warfare Combatant Craft Crewmen. Basically, we drive the small fast boats and crew them to take Navy SEALs, Green Berets, and other special operators to their maritime missions. I bought my first house using what's called the Veteran's Administration Loan, which enabled me to buy it with zero money down, moved all my buddies in, live for free, thought that was pretty cool. When I got out, I got my real estate license, because I knew there was something to this whole real estate thing. And, you know, through dozens of transactions with buyers and sellers started flipping houses and buying single-family rentals. And after, you know, a few dozen of those, again, just banging my head against the wall, I thought there's got to be a better way. I'd read all the books, Rich Dad Poor Dad, investing in duplexes, triplexes, and quads, you name it, you know, I understood it academically. But I actually took action, you know, eight or 10 years later, bought a 13-unit complex. And you know, that was 2017. And from there, racked up a little over 500 units between now and then. And that brings us to present day with Mission First Capital, which is yeah, we're the first Regulation A+ fund backed by real estate in existence that we know of specifically designed to help active duty service members and veterans push over the first domino to start a chain reaction of improvement to their financial landscape and their future.   Sam Wilson  02:16 Man, that's fantastic. I love that. So yeah, just a few short years, you've gone from zero apartments to 500. That's awesome. Have you done that using your own capital? Have you done that through raising funds before you started the Reg A fund? Or what did that look like?   Phil Capron  02:31 So here's the problem with your own capital. It will eventually run out. And for me, it was a pretty quick process because it didn't have a whole lot. So I actually acquired the 13-unit with $5,074.01 of my money, the purchase price was 910,000. So we could take the whole show talking about that. But just know that if you're committed to an outcome, and you're creative, and you lean into your network and create win-win relationships, almost anything can happen. So that one brought in a couple of debt partners, so they weren't attached to the property, just promissory notes against me, for you know, about $40,000, the seller held a second for $60,000, the seller had held a first for $810,000. Over the first year, I use the cash flow to pay off the second and I paid off my buddies pay them a nice interest rate. And I actually just sold that property this year for a profit of about $215,000. That's pretty cool to see that for a cycle. And so then yeah, I was out of money, and I had to go and raise money. So what that look like for me was joint ventures, I'd find the deals, I was a master evaluation within my little corner of the world. So my next deal was 108 units. And it was a screaming deal. We got it for just under 4 million, it appraised for 5.5. And today, it's worth just under nine. So brought in a few partners and that deal, killed it there, then yeah, a few more joint ventures, a few more syndications, a little bit of my own money here and there, but primarily other people's because they're much larger projects. And if you're gonna scale, I think it's important to grow that muscle but where you start is using your own, making the mistakes, skinning your own knees, because in this game, you do not want to be losing other people's money or your days will be numbered.   Sam Wilson  04:11 Right, man. That's absolutely so true. I love that the Reg A fun, that's a fun conversation, just from a sense that it's expensive, time-consuming. A lot of people steer away from it just from those two standpoints. So tell me why did you decide to do it? Well, first of all, if just in case our listeners don't know what it even is, tell us what it is, then tell us why you did it. And then you know what it cost you give us all the breakdown on that.   Phil Capron  04:35 And why you shouldn't. Yeah. So Regulation A+ under Securities and Exchange Commission is you're able to accept non-accredited investors. So that's somebody who's not a millionaire and doesn't make 200 grand a year. Most private equity offerings for folks that are quote, accredited investors. it bugged me that doing all these apartment deals I wasn't able to include many of my military friends and colleagues. So Regulation A+ the strength of it is that you can take non-accredited. The downsides is it's very regulation-intensive, a lot of red tape, very expensive, and probably a quarter million into the thing at this point, a lot of different entities, government entities that are looking into you and verifying you and auditing you and three different sets of accountants. So it's kind of a mess. And unless you're planning on building something really, really big and you're really well-capitalized, don't do a Regulation A+. Do a 506(b). And again, do that friends and family kind of thing. And once you build a brand for yourself 506(c), it's accredited only. But you know, that's a great path. And that's why most people go that angle.   Sam Wilson  05:40 Yeah, I understand. So do you, is it something you regret doing at this point?   Phil Capron  05:45 No, because in addition to continuing to scale my real estate portfolio and making money for my family and things that are important to me, the mission, pun intended, Mission First Capital, is to enable 10s of 1,000s of active duty service members and veterans to start their financial journey with us. Because most people just don't know that opportunities like this exist. And maybe investing a small amount of money with us, relatively small, will sort of like to spark and encourage somebody to go and do their own real estate deal, their own small joint venture or syndication, and that's the power. But if they're just working, you know, regular job, a military job, and you set a little bit of money aside every year invest with us. You know, that's a great thing, too. It can really change futures, what we like to say is investing with us today will not change your lifestyle, but it could change your life. And I really believe that. So there's a contribution point as to why I'm willing to endure all this regulatory nightmare.   Sam Wilson  06:45 Right, yeah. I mean, I can only imagine that just compliance alone is going to eat the better part of someone's job in a year. So that's really interesting. I guess, with that in mind, knowing the burden that running a Reg A fund places on especially a smaller operator, how are you offsetting the cost of administration, and also knowing that, hey, we're gonna have ample deal flow to were doing this make sense.   Phil Capron  07:10 So not offsetting, and, you know, I racked up over 500 apartment units, but I'm in selling mode right now. And everything that I have is going into Mission First Capital because you know, it's a machine and the purpose of it is to enable opportunities for those passive investors that get involved with their first investment with us. But also, for guys like me, who find their first 13-unit deal, their second 100-unit deal, I didn't know which way was up, you know, with either one of those deals, really compared to where I am now. If I had somebody that was willing to come alongside me with the equity, the net worth guarantor ship, the senior debt origination, and negotiation, you know, the legal aspect, the investor relations, all of that stuff, it would have been a godsend. And if you're doing a JV or syndication, you have to have people who fill those roles, you're losing, quote, unquote, a lot of your deal to have people fill them. And if they're not professionals, then what's to stop them from taking their football and going home, because that happens, right, life circumstance happened to people. So by building this machine, I'm able to partner with veteran real estate operators who've proven that they know something about their little corner of the world, and they're great at multifamily. They're great at Airbnb, the greatest self-storage, and I can pour rocket fuel on their growth and enable them to keep more of a deal than they would have if they did the standard syndication route, and for a lot less hassle. So that's what we're about here.   Sam Wilson  08:37 Gotcha. So this fund will not necessarily service deals that you are the general partner on, it will simply service what you intend on going in as maybe a fund of funds and other people's opportunities.   Phil Capron  08:48 So yeah, I get the fund to fund idea. But really, for us, it would be like a joint venture between Mission First Capital and yeah, Sam, the veteran in Memphis, you know what I mean? And we would just drop a JV. And, you know, obviously, we protect the investors first, but we want a sponsor that's bringing us great deals and creating massive value to make great money. Yeah, grow to grow together.   Sam Wilson  09:15 What's, I mean, when you talk to the potential investors, what's their minimum investment? I mean, a lot of these are Reg A+ could be in, you know, a crowdfunded deal. And you could have a minimum investment, you know, 10 bucks, whatever it is. So what's that look like?   Phil Capron  09:30 Exactly, yeah. And it's so funny learning about all the different money personalities and how people approach this type of opportunity. Crowdfunding is nothing new, right? So you can go invest on a platform and pick your deal, pick your jockey and go for it. What we are offering and the story we're telling admission first is you're investing in a suite of properties across a few different asset classes across multiple proven veteran real estate operators. So 100% veteran-owned and operated real estate opportunities. So that's, you know, sort of our stick. And if one goes bad, which, even if you do everything right, sometimes the deal goes bad at one. But we lost 12-unit to a fire last year that, you know, the insurance company still hasn't paid us out. And we can't get any new Department of Veterans Affairs or section eight residents, which is sort of our bread and butter until the building's rebuilt. So it's like a total Murphy's Law situation. So that individual project, it's really tough on us, right. But if you look at my whole portfolio, if it was blended, it would be just like kind of an aside, like, Okay, well, it's still like the values there, like the business plan is solid, you just need to be able to rebuild and everything is cool. So by investing in a suite of properties, diverse locations, asset classes, and operators, I believe that's a little bit of a hedge, rather than your typical crowdfunding, just one deal with just one operator.   Sam Wilson  10:52 Sure. Yeah. What did you maybe I missed that? Did you answer the dollar amount?   Phil Capron  10:56 Oh, I'm sorry. Our minimum was 5,000. Okay, so there's other out there, that might be cheaper. But, you know, like I said, I'm looking for a domino that can be pushed over that starts a chain reaction for these folks. And if it's much less no offense to folks that are working on getting their first investment together, but it has to be somewhat meaningful, it has to be able to snowball into something, right. And at 500 bucks, I just Okay, yeah, 20 years from now. Cool. But we're trying to accelerate growth.    Sam Wilson  11:23 Yeah. I mean, who really cares? If you double your money in 16 months, if all you put in was $1? Like, that's not a meaningful challenge now, or not a meaningful, yeah, just not meaningful in any capacity. When it comes to a Reg A fund, can you guys have accredited and non-accredited is that, did you answer that already? Maybe…   Phil Capron  11:42 Sure, yeah, we sure we can accept just about anyone, our criteria is you cannot invest more than 10% of your annual income, or 10% of your net worth, whichever is higher. So let's say you make $50,000 a year as a whatever military member, cashier labor 5,000 would be as much as you can do unless say, you own a stock portfolio, you know, retirement account, some rental properties of your own, and maybe your net worth is a quarter-million will then pay your minimum that we are allowed to accept just went from 5,000 to 25,000. So, you know, there's some different, on our website, there's some different, like questionnaires with the investor screening that helps you figure all that out if it's not clear.   Sam Wilson  12:25 And is that an obligatory minimum or maximum, I guess? Or is that something that is just what you guys advise your clients, and…   Phil Capron  12:34 It's part of the Regulation 80+ law. So yeah, we have to abide by that. So you come in, and basically, you certify what you make what you're worth, based on, you know, the calculations that are laid out in the forum. And, you know, that's just sort of is what it is, and, and also, we want people to be responsible, you know, it's, we're not anticipating being 100% of anyone's portfolio, I think that's reckless, I think you should have your, you know, 401k, if you're a W2 earner, you should buy your first home, you know, if you're in a position to do it, house hack it by duplex, things like that, those are all things I'm definitely in favor of, but to seek information and to seek opportunities. And we're creating an opportunity where there was none before where it wasn't well known. So we're trying to bridge that gap.   Sam Wilson  13:20 Right. What's it cost annually to keep the maintenance up on that, aside from the compliance you have to do in-house, like just filing fees with the SEC keeping that thing alive? And, you know, legal, what's that number?   Phil Capron  13:33 So it's gonna change the more investors that we get in because it makes the audit more complex and more properties that we buy. We've got a few under contract right now. So all, I'm not trying to be evasive. But it sort of depends on all of that in what is property of the individual entity, controlling 123 Main Street. And what's the purview Mission First Capital, to just throw a dart at? I'd say maybe 50,000. So it's tremendously expensive. So if you're not going to be raising 10, 25, 50, 75 million, it just, it's going to eat into your bottom line. So…   Sam Wilson  14:06 Oh, gosh, yeah, you can't support that on a, you know, two or $5 million raise annually just doesn't make any sense. I really, intriguing now, and again, you said you guys have a few properties under contract right now. But yet, is that through the joint venture structure that you have with other operators? Or is that stuff that you…   Phil Capron  14:24 A couple of them are mine, and a couple of them are with JV operators, so we would be looking to be the single check writer to come in and say, hey, you need, you know, half a million bucks. Let's do a JV, make it happen. It meets all of our criteria   Sam Wilson  14:39 Right, and one of the criteria you'd mentioned there was a veteran-owned real estate investing company, that's really niche, especially as you're going into, you know, potentially very large acquisitions. So how are you identifying those people?   Phil Capron  14:52 Okay, so let me make a caveat. So 100% veteran-owned and operated. Let's say that you have a buddy in Memphis, who's an Army veteran, and says, Sam, we're gonna do this deal. And then you guys both bring mission force capital, this deal. You guys are partners. That's great. We're partnering with you. But it's, there's a veteran at the top. What I mean is, there's plenty of money out there. And I just need to make sure that it's going towards helping a veteran build their real estate portfolio. And, you know, their new career after serving the military. It doesn't mean that necessarily they couldn't have a couple of people on their team that weren't, there has to be somebody that's in a meaningful role that brings us quote, the deal.   Sam Wilson  15:36 Right. Gotcha. Very, very cool. You're listening to that. And that rings a bell with you. Now you need to schedule a call with Phil. Phil, let's jump here into our final four questions. What is one tool, think digital, like a software, one tool or resource that you find you can't live without   Phil Capron  15:51 Dying? Because when I was reading the preliminaries, I had a different thought on this. Yeah. Well, I say what I was gonna say…   Sam Wilson  15:57 I've changed the question a little bit. So what was your…   Phil Capron  16:00 You know, to define as a resource might sound strange, but to me, it's my relationships. I mean, my girlfriend, like she, you know, empowers me to do everything that I want to do every day, she inspires me. You know, my friends, my team, my employees, like, this is a team business. What I found out pretty early is you can only go so far alone, you can only go so far with like a small partnership because everyone brings something a little bit unique by pouring into those closest to you and like, you know, the court relationships to me is my greatest asset, my greatest resource, right, from a tech perspective, Slack, I guess, just trying to declutter all the emails and everything and just sort of have a metric of where everything's going on an hour-by-hour basis across a lot of departments a lot of deals, then that's nothing new. So sorry.   Sam Wilson  16:49 No, no, that's good. It's interesting when you start hearing different things, you know, I've heard Slack a couple of times, but it's surprising the number of times you don't hear it, or yet, there's a lot of other things out there. But no, that's one that you know, email is the bane of a lot of people's existence. So finding a way to get that organized in a meaningful way. Absolutely. Question number two for you is this. If you can help our listeners avoid just one mistake in real estate, what would it be and how would you avoid it?   Phil Capron  17:14 Procrastination. You set a goal, you tell a bunch of people, and you find a way to make it happen. Because for me, you know, it was eight years, 10 years from when I'd first read the books. And when I first understood real estate, there's something to this, I like was making these steps I thought was taking action, like working as a real estate agent. Okay, I'm in real estate, now. I had a job, flipping houses still had a job, right? You need to find a way to start buying real estate now. So the best way in my experience to do that is to tell people what you're up to, allow them, your network to sort of conspire for you with resources, that could be capital, that could be specializations, that could be, you know, a lot of things that would be useful to building your team. And then just sort of that peer pressure of I said, I was going to buy a rental property in 2022. And it's December 30. You have to face your family and friends and say, Yeah, I shouldn't, I failed, right? So I lied to you, or I'm a failure, one of the two peer pressure.   Sam Wilson  18:12 I love it. Don't procrastinate. Question number three, when it comes to investing in the world, what's one thing you're doing right now to make the world a better place?   Phil Capron  18:18 So just sort of the charter of Mission First Capital, it's to turn the light bulb on for these military members and veterans to start investing in themselves and their financial future. And for those who really want to go hard into real estate to pour rocket fuel onto them and enable them to build their business, their family, and their community.   Sam Wilson  18:36 Yeah, I love that. That's great. Phil, if our listeners want to get in touch with you or learn more about you what is the best way to do that?   Phil Capron  18:43 Probably through the website MissionFirstCapital.com, spelled just like it sounds.   Sam Wilson  18:48 MissionFirstCapital.com. Okay, great. We'll be sure to make sure we include that in the show notes. Phil, thanks so much for your time and coming on today. This was great.   Phil Capron  18:56 Thank you, sir. This is awesome.   Sam Wilson  18:58 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.

Got some extra income and nest in the egg that you plan on investing? It is such an honor to have veteran Phil Capron join us today to share his thoughts about financial literature, wealth-building, and power exits.  On active service or not, you don't want to miss this!WHAT YOU'LL LEARN FROM THIS EPISODE How to strategically use your VA (Veterans Affairs) loan in real estate investment?Different forces of real estateHow to get started in apartment investments What to do whenever you find a deal wherein you don't know how to closeMission First Capital's value proposition in the marketRESOURCES/LINKS MENTIONEDYour VA Loan and How it Can Make You a Millionaire: https://fund.missionfirstcapital.co/va-loan-ebookRich Dad Poor Dad by Robert Kiyosaki: https://amzn.to/349AK5pInvesting in Duplexes, Triplexes, and Quads: The Fastest and Safest Way to Real Estate Wealth by Larry Loftis: https://amzn.to/3GmBMbrThe Millionaire Real Estate Investor by Gary Keller: https://amzn.to/3gcQAyRVeterans United: https://www.veteransunited.comABOUT PHIL CAPRONPhil Capron is the Founder and CEO of Mission First Capital. He learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty. He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. He wrote his first book "Your VA Loan: and How It Can Make You a Millionaire" in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate, Mission First Capital.CONNECT WITH PHILWebsite: https://missionfirstcapital.com/Email: MissionControl@MissionFirstCapital.comFacebook: https://www.facebook.com/philcapron02CONNECT WITH USGreen Light Equity Group - http://www.investwithgreenlight.com/For a list of Virtual Meetups - Email:tate@glequitygroup.comSpecial Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/

GUEST SUMMARY This week Phil Capron joins us in the lab as a navy veteran, Founder of Mission First Capital — which provides investment opportunities for veterans. As the author of "Your VA Loan: and How It Can Make You a Millionaire", Phil not only talks the talk, but he walks the walk having been in the same shoes as a veteran's face today. He purchased his first home in 2010 using a VA loan while on active duty. Phil Capron, served as a Naval Special Warfare Combatant Craft Crewman. Upon getting out of the military, He got his start in the real estate business by flipping properties in coastal Virginia, helping many of his veteran peers as a real estate agent. Upon transitioning out of the military and elevating in his real estate ventures getting into apartment syndication, Phil quickly realized that there was a limit in the amount of veterans he could include in his deals for the simple fact that they couldn't afford the traditional investments in the range of 50K as a barrier of entry. It became very clear that he couldn't include his veteran military brothers and sisters due to regulations surrounding net worth or income. Phil then decided he was going to level the playing field and fix that. Mission First Capital was born. At Mission First Capital, Phil makes it feasible for investors to invest as little as $5,000 which allows him to serve & educate his military community on the advantages and power of being able to invest in real estate assets collectively. 10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. His next mission is to create 1000 veteran-owned small businesses in the next 10 years Ten years and counting in the real estate game, Phil is a true veteran of experimenting, as he experimented a proof of concept and is bringing it back to his community to build on. If you're a veteran or anyone else who feels that some barriers of entry exist, Phil joins us in the lab to help you break through those beliefs and give you real life solutions to overcome them. HIGHLIGHTS OF THE EPISODE: 05:50 - Guest background 08:38 - Definition of Veteran 13:02 - How Mission First Capital created KEEPING IT REAL: 17:56 - How to know if it's a bad advice 20:54 - Measuring a good investment 22:29 - Syndication 27:49 - Goal for Mission First Capital 30:48 - What should be the best Call to Action 32:45 - Biggest misconception 33:27 - Best Advice Received 35:42 - Favorite Book 36:41 - Best tool 36:53 - Best Habit 37:55 - One 300 Units vs 3 buildings of a 100 unit 39:05 - Cash Flow vs Equity NOTABLE QUOTES (KEY LESSONS): "We only get one go around at this that we know of so you might as well take every opportunity everyday and do what you wanna' do." "When you find something that works, don't keep it a secret." "You need to work to learn before you work to earn." CONNECTING WITH THE GUEST LinkedIn: https://www.linkedin.com/in/phil-capron-mission-first-capital/ Website: https://missionfirstcapital.com/ Facebook: https://web.facebook.com/missionfirstcapital/?_rdc=1&_rdr Twitter: https://twitter.com/MissionFirstCap Instagram: https://www.instagram.com/missionfirstcapital/

“What I found is by sort of being in the arena and taking action, you're provided more opportunities to be lucky.”-Phil CapronPhil Capron, served as a Naval Special Warfare Combatant Craft Crewman. Upon getting out of the military, Phil found his passion for real estate. It was during this venture he noticed that he couldn't include his veteran and military brothers and sisters due to regulations surrounding net worth or income. He decided he was going to level the playing field and fix that. Mission First Capital was born. His next mission is to create 1000 veteran-owned small businesses in the next 10 years. He continues to share his real estate knowledge through his book “Your VA Loan and How it Can Make You a Millionaire ,podcast and conferences.In this episode, Trevor and Phil discuss:-How a veteran hopped into real estate investing-How Phil got his first property-How to acquire a property with little amount of money-How to fund a deal and what does creative financing look like-The value add strategy to look when finding another deal-The difficult challenges that an investor will experience-And a lot more incredible topics!

About investing in different markets and realizing value with Phil Capron and Adam Lacey. Follow us on Instagram, Facebook, and TwitterFor more educational content, visit our website at www.diaryofanapartmentinvestor.comInterested in investing with Four Oaks Capital?  First step is to schedule a call with us. ----Phil CapronPhil Capron learned that real estate was the wealth builder for him after purchasing his first home in 2010 using a VA loan while on active duty. He cut his teeth in the business as a real estate agent and by flipping properties in Coastal Virginia. 10 years and over 500 apartment units later, Phil's focus is expanding real estate opportunities for military members and veterans. He wrote his first book "Your VA Loan: and How It Can Make You a Millionaire" in 2019, and in 2021 created the first 100% veteran-owned and operated fund backed by real estate, Mission First Capital.----Adam LaceyAdam is a father, husband, professional engineer, real estate investor and founder of Gold Ribbon Investments. His background in civil engineering and construction management helped develop his strong organizational and problem-solving skills, which he believes are necessary to succeed as a real estate investor. Adam is currently an LP in two apartment deals, a GP in two apartment communities, and is looking to scale to a point where he can leave his W2. As the founder of Gold Ribbon Investments, Adam helps busy professionals invest in real estate without taking on the headaches of becoming a landlord. He also donates a portion of his profits to CureSearch, who funds safer, more effective treatments for childhood cancer.----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 629 units worth $36 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.Connect with him on LinkedIn or Facebook.vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv> Check out our multifamily investing community!> The Tribe of Titans> Get exclusive access to the Four Oaks Team!> Find it at https://www.thetribeoftitans.info^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Phil served honorably as a Naval Special Warfare Combatant Craft Crewman. Following dozens of brokerage transactions and flipping dozens of properties, he decided to start buying larger properties to sustain. Phil has sponsored over 500 apartment units across 8 projects with great results. Phil and I discuss the investment opportunities for the military-affiliate. For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/. 

Phil Capron, served as a Naval Special Warfare Combatant Craft Crewman. Upon getting out of the military, Phil found his passion for real estate. It was during this venture he noticed that he couldn't include his veteran and military brothers and sisters due to regulations surrounding net worth or income. He decided he was going to level the playing field and fix that. Mission First Capital was born. His next mission, is to create 1000 veteran-owned small businesses in the next 10 years. He continues to share his real estate knowledge through his book “Your VA Loan and How it Can Make You a Millionaire”, podcast and conferences.   Mission First Capital Phil founded Mission First Capital earlier this year to allow veterans and military members to invest by partnering with Mission First on real estate deals. He has since acquired over 500 properties and wants to continue to grow.  This is the very first 100% veteran owned and operated fund backed by real estate. Learn More Website: https://missionfirstcapital.com/ LinkedIn:  https://www.linkedin.com/in/phil-capron-mission-first-capital/    VeteranCrowd Network Our "forever promise" is to build the veteran and military spouse community a place to connect and engage. VeteranCrowd is simply a national network of veterans, veteran led businesses and the resources they need to prosper. Subscribe to stay in touch, or consider if Individual or Corporate Membership in the Network is a fit for you.   About Your Host Bob Louthan is a VMI Graduate, Army veteran, and executive with over 25 years of experience in mergers, acquisitions and private capital formation. He founded the VeteranCrowd Network to bring veterans and veteran-led businesses together with each other and the resources they need to prosper.  

Join Ramsey Blankenship with his guest, Jonathan New, as they talk about fund management, business scaling, networking, and team building. Jonathan is the director at Fair Winds Capital Investments. He discusses the master lease option, investing in a fund, and how networking works like magic when recruiting. Here's a breakdown of what to expect in this episode: The jump right into syndications after single-family deals Why a lease option is a powerful option as a buyer and seller A breakdown of Fair Winds Capital Investments' portfolio What the process is when investing into Jonathan's fund How networking matters in the business And so much more! ~ About Jonathan New: Originally from Anniston, AL, Jonathan graduated from Auburn University in 2004 with a degree in Psychology and received his commission as an Ensign into the US Navy. During his 16 years of Naval service, he also earned his Masters of Science in Defense Analysis from the Naval Postgraduate School in Monterey, CA. During his Navy career, he has had the privilege to lead a department of 226 Sailors while managing an annual budget of $6.5M. In 2007, while stationed in Jacksonville, FL, Jonathan bought his first house. He rented this house while stationed in Japan, Hawaii, San Diego, Monterey, Rhode Island, Washington DC, and Virginia. Jonathan is married to Jill New of Marietta, GA, and they have three children, Spencer (8), Robert (6), and Aubrey (3). In the summer of 2018, Jonathan began raising over $1.06M of investor capital to actively acquire real estate in the Hampton Roads area, accomplishing 13 single family flips, acquiring 16 single-family rentals, closing three multi-family syndications of 143 units total, including a 104 unit acquisition with Phil Capron, and overseeing $1.33M in renovations in both residential and commercial real estate. As of October 2020, Jonathan's total portfolio accounts for $16.8M AUM. ~ You can find Jonathan New on . . . Website: https://fwcinvestments.com/ LinkedIn: https://www.linkedin.com/in/jonathan-new-6800471b5/ ~ Connect with Ramsey! Info Page: https://www.flowcode.com/page/ramseyblankenship Website: https://realfocus.org/gorilla-state-investing-podcast/ Investor Registration: https://realfocus.org/investors/

Phil Capron is the founder of Mission First Capital which allows veterans and active-duty military to invest in real estate for as little as $5K.

Our guest for this episode, Phil Capron, served honorably as a Naval Special Warfare Combatant Craft Crewman (SWCC) in the Navy. After he got out in 2012, he started his real estate business by selling houses to his Navy brothers and then listing them out when they transfer away from Norfolk. Now, he's an active syndicator and CEO of Mission First Capital. His own mission is to provide everyone the opportunity to invest in multifamily properties regardless of income level and to support veterans and active-duty military personnel by helping them invest like high-net-worth individuals. Through his Reg-A Plus Fund model, he can take his non-accredited friends to invest with them and join their projects.

Join Blake Dailey and his guest Phil Capron as they talk about how he made the transition from military life to real estate, how he keeps the deals going, the ability that establishes your footing in real estate, and many more. At the start, Phil humbly began with seller-financed deals. Fast forward to today, he now sponsors over 430 units in multifamily real estate. Tune in to what he has to share about how they use the 506(b), 506(c), Regulation A, and CF as a way to get fellow military men/women into the game of real estate. For Phil: "It's nice to make the rich richer, but what about our brothers and sisters that are at the tail end of their military career? They need to have access to these vehicles too." There's a lot to unpack, so stay tuned! In this episode you will learn: · The transition from military to real estate investing. · "If you don't master evaluation, real estate is going to be hard for you." · Will peers matter to your journey as an investor? · The ups and downs of 506(b), 506(c), Regulation A, and Regulation CF. · What keeps the deals going? · And much more. About Phil Capron: Phil served honorably as a Naval Special Warfare Combatant Craft Crewman (SWCC) in the Navy, where he spent his days jumping out of planes, shooting, and manning the radios on the small, fast boats that take Navy SEALs and other Special Operations personnel to and from their missions in non-permissive or denied areas of the world. He quickly realized that real estate was something he had a passion for and committed to pursuing it further when his time in the service was over. He took a real estate license course while still in the Navy and, upon separation from service in 2012, immediately went to work selling his buddies from his old unit homes as they transferred to Virginia from other duty stations. Eventually, he developed an appetite to create real wealth and dove headfirst into his first multifamily acquisition, a 13-unit property in Norfolk. Now, over 400 units later, he is a full-time multifamily acquisitions specialist. If you are looking to get started or buy your next deal, you'll want to hear about Phil's snowball method of taking the experience of each deal forward into bigger and better deals. You can listen now on iTunes! You can find Phil Capron on: Website | Facebook Account Connect with Blake Dailey and the Multifamily Journey on: LinkedIn | Facebook Account | Facebook Page | Instagram | Youtube --- Support this podcast: https://anchor.fm/multifamilyjourney/support

Phil purchased his first property in 2010 in Norfolk, VA while honorably serving in the United States Navy as a Naval Special Warfare Combatant Craft Crewman (SWCC). While he enjoyed jumping out of planes, shooting machine guns, and practicing small unit tactics with Navy SEALs and other Special Operations Command operators, he realized in that first purchase that real estate was something he had a passion for and committed to pursuing it further when his time in the service was over. He took a real estate license course while still in the Navy and upon separation from service in 2012 immediately went to work selling his buddies from his old unit homes as they transferred to Virginia from other duty stations. Upon working with a real estate investor, Phil recognized the opportunity to capitalize on his new skill set and began flipping houses with one of his Navy teammates. 5 years and 30+ flips later, he was ready to create real wealth and dove headfirst into his first multi-family acquisition, a 13 unit property in Norfolk. Three years and over 400 units later, he is a full-time multi-family acquisitions specialist. Phil prides himself on creatively finding win-win solutions for complex problems, and credits his time in the military with his tenacious no-quit attitude and commitment to teamwork and delivering on his promises as a buyer. In this episode we talk about: House Flipping Syndication Joint Venture LoopNet Syndication Partnership Appraisal Renovation Refinance Subscribe to my Youtube Channel for more great content. Download my Free Deal Calculator Spreadsheet! Links from the show: Mission First Capital Talie Investments Facebook Page Talie Investments Instagram Join our Facebook Group Real Estate Deal Closers Talie Investments Resources Get our FREE Deal Calculator and CRE Glossary Please leave us a 5-Star rating and a review on iTunes. Each review helps us reach more people.

We are so excited to announce for our meeting this month we'll talking Building Your Portfolio with Phil Capron! Join us and see how Phil Capron has aggressively built his portfolio to over 300 units in just a few years. As a former US Navy Special Warfare Combatant Craft Crewman (SWCC) turned real estate agent, flipper, and investor, Phil has a very unique ground-level perspective on real estate investing works. We will be discussing the local and regional multifamily world with someone who is investing successfully in it first hand. Be sure to check out his book: Your VA Loan: And How It Can Make You a Millionaire https://www.amazon.com/Your-VA-Loan-make-millionaire/dp/1707402981 If you haven't already, join our private Facebook Group here and send us some questions for Alex and Dan about House Hacking ahead of time. You'll be able to watch Alex and Dan's talk and ask questions live on our Public Facebook page. Like us now so you don't miss it! Find Hopportunity here: Facebook Page / Facebook Group / Alex Winfield's Facebook / Youtube / Online --- Send in a voice message: https://anchor.fm/wholesalingoutofthebox/message

Join us and see how Phil Capron has aggressively built his portfolio to over 300 units in just a few years. As a former US Navy Special Warfare Combatant Craft Crewman (SWCC) turned real estate agent, flipper, and investor, Phil has a very unique ground-level perspective on real estate investing works. We will be discussing the local and regional multifamily world with someone who is investing successfully in it first hand. Be sure to check out his book: Your VA Loan: And How It Can Make You a Millionaire https://www.amazon.com/Your-VA-Loan-make-millionaire/dp/1707402981

Our guest is Phil Capron, a good friend, and mentor. Phil is the best-selling author of the book, “Your VA loan and How it can make you a Millionaire?” Multifamily investor and veteran, Phil first started using his VA loan to buy a property in Norfolk which serving as a Naval Special Warfare Combatant Craft Crewman (SWCC). Since then he has represented many VA sellers and buyers and has been a strong proponent of the VA loan as a way to build wealth through real estate while serving. As a multifamily investor, Phil has partnered with many skilled operators across the country to buy heavy-lift properties and repositioning them into cash flowing, clean, affordable housing. Phil controls approximately 250 units across the Hampton Roads and Richmond, VA markets.  Takeaways Bought his first property using a VA loan in 2010, when he moved from California to Norfolk, his first duty station, and always kind of knew that there was something to real estate.  Sold homes to and for his buddies, and then got into the flipping game before finally taking action on the knowledge that owning assets is how you become wealthy. He then bought his first small apartment building: a 13 unit.  Will power and determination Residential loan to a commercial loan, which was ended up being a lot more beneficial in terms of the closing process.  Real estate investing is solving problems as they come up that you had no idea would pop up on your horizon. Education is awesome, but too much of it can be a bad thing and need to take action.  Snapshot Round: 1.What is the number one thing you need as a new investor to get started?Tenacity, the ability to get back up when you've gotten knocked down because the answer as a new investor is pretty much always going to be no. What is one nugget of investing knowledge you want to give us? People tell me no all the time I make offers on properties. What is your dream fail?My dream is to sell 1 million copies of your VA loanSo I'm giving myself 15 years in which to accomplish that goal.  Phil Contact: Philbuysapartments@gmail.com2.http://www.philcapron.com3.Go Abundance (http://www.com)

Phil Capron (CAP-ron) purchased his first property in Norfolk, VA, while serving in the U.S. Navy as a Naval Special Warfare Combatant Craft Crewman. While he enjoyed jumping out of planes, shooting machine guns, and practicing small unit tactics with Navy SEALs, Phil's first real estate purchase inspired him to pursue his passion for real estate investing. He committed to pursuing real estate further after serving in the Navy, and began taking courses to obtain his real estate license. Upon separation from service in 2012, Phil immediately went to work. He started by selling his Navy buddies' homes as they transferred duty stations, and soon began flipping houses with one of his Navy teammates. 5 years and 30+ flips later, he acquired his first multi-family property. 245 units later, Phil spends his time looking for the next deal and helping new multifamily investors do their first deals. Today he's sharing his story and secrets to success in his book, "Your VA Loan: How It Can Make You A Millionaire", where he outlines a detailed strategy for Active Military Members and Veterans alike to fully maximize their VA Loans through strategic real estate investing. Website: https://www.philcapron.com Facebook: https://www.facebook.com/philcapron02 Instagram: https://www.instagram.com/philinthe___/ Get his #1 New Release Best Selling Book Here: https://www.amazon.com/dp/B081988SN7/ref=sr_1_2?keywords=your%20va%20loan&qid=1573487656&sr=8-2&fbclid=IwAR1pQqVraJ-0mII-g6kEJ1bnOEyg3VScIWjFSkUlX48JpjEL_-F__pdvXzs

Phil Capron (CAP-ron) purchased his first property in Norfolk, VA, while serving in the U.S. Navy as a Naval Special Warfare Combatant Craft Crewman. While he enjoyed jumping out of planes, shooting machine guns, and practicing small unit tactics with Navy SEALs, Phil's first real estate purchase inspired him to pursue his passion for real estate investing. He committed to pursuing real estate further after serving in the Navy, and began taking courses to obtain his real estate license. Upon separation from service in 2012, Phil immediately went to work. He started by selling his Navy buddies' homes as they transferred duty stations, and soon began flipping houses with one of his Navy teammates. 5 years and 30+ flips later, he acquired his first multi-family property. 245 units later, Phil spends his time looking for the next deal and helping new multifamily investors do their first deals. Today he's sharing his story and secrets to success in his book, "Your VA Loan: How It Can Make You A Millionaire", where he outlines a detailed strategy for Active Military Members and Veterans alike to fully maximize their VA Loans through strategic real estate investing. Website: https://www.philcapron.com Facebook: https://www.facebook.com/philcapron02 Instagram: https://www.instagram.com/philinthe___/ Get his #1 New Release Best Selling Book Here: https://www.amazon.com/dp/B081988SN7/ref=sr_1_2?keywords=your%20va%20loan&qid=1573487656&sr=8-2&fbclid=IwAR1pQqVraJ-0mII-g6kEJ1bnOEyg3VScIWjFSkUlX48JpjEL_-F__pdvXzs

Phil Capron (CAP-ron) purchased his first property in Norfolk, VA, while serving in the U.S. Navy as a Naval Special Warfare Combatant Craft Crewman. While he enjoyed jumping out of planes, shooting machine guns, and practicing small unit tactics with Navy SEALs, Phil's first real estate purchase inspired him to pursue his passion for real estate investing. He committed to pursuing real estate further after serving in the Navy, and began taking courses to obtain his real estate license. Upon separation from service in 2012, Phil immediately went to work. He started by selling his Navy buddies' homes as they transferred duty stations, and soon began flipping houses with one of his Navy teammates. 5 years and 30+ flips later, he acquired his first multi-family property. 245 units later, Phil spends his time looking for the next deal and helping new multifamily investors do their first deals. Today he's sharing his story and secrets to success in his book, "Your VA Loan: How It Can Make You A Millionaire", where he outlines a detailed strategy for Active Military Members and Veterans alike to fully maximize their VA Loans through strategic real estate investing. Website: https://www.philcapron.com Facebook: https://www.facebook.com/philcapron02 Instagram: https://www.instagram.com/philinthe___/ Get his #1 New Release Best Selling Book Here: https://www.amazon.com/dp/B081988SN7/ref=sr_1_2?keywords=your%20va%20loan&qid=1573487656&sr=8-2&fbclid=IwAR1pQqVraJ-0mII-g6kEJ1bnOEyg3VScIWjFSkUlX48JpjEL_-F__pdvXzs

Phil Capron is a former professional Poker player, Punk-Rock Drummer, and Special Warfare Combatant Craft Crewman (SWCC) in the Navy. Now he owns over 200 units! - Phil joined the Navy after losing a bet. He told his parents he'd join the Navy if he didn't earn $100k playing poker that year. Unfortunately, he only earned $85k, and true to his word, he enlisted! He VA-hacked a property while in the military, renting rooms out to his peers. Between 2014-2018 he flipped over 30 houses, and now he owns 200+ apartment units! - His advice to an E-1/E-2 (18/20-year-old) is: “Whatever your job is…learn the shit out of it!” Learn how to learn, and be deliberate about the people you hang out with. - the resource he recommends is: Millionaire Real Estate investor, by Gary Keller. - His big idea/parting advice is: Be Conscience of who you're surrounding yourself with! - If you want to reach out to Phil you can find him at https://www.philcapron.com/ Or on Facebook and BiggerPockets! - SUBSCRIBE: https://bit.ly/2Q3EvfE - Blog: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/frommilitarytomillionaire/ Audible: https://amzn.to/2K0wzxL - Join me in the BiggerPockets Pro community! https://www.frommilitarytomillionaire.com/we-recommend-BP-Pro/ - Books I recommend First read: https://amzn.to/2KcTEww Real Estate Investing: https://amzn.to/2ltPRNm Real Estate Investing: https://amzn.to/2yxFBNf Real Estate Investing: https://amzn.to/2IhQ1QI Building Wealth: https://amzn.to/2ttiwpf Efficiency: https://amzn.to/2K1eRdy Efficiency: https://amzn.to/2yvuu7K Negotiating: https://amzn.to/2tmCyT7