Podcasts about realestateaccounting

Embark on a journey through the financial intricacies of property management in our latest Rethink Real Estate episode, presented by host Ben Brady. This week, Ben is joined by the esteemed Mark Kappelman, CFA, CPA, and the strategic mind behind RealEstateAccounting.co, a company revolutionizing financial accounting for landlords. With sixteen years of seasoned experience in accounting, operations, and an impressive real estate portfolio, Mark delves into the core of property management finance. This episode is not just about numbers; it's an in-depth exploration of the mechanisms that drive the property market from an accounting perspective and an invaluable forecast of what the future holds.

Welcome to another captivating episode of Building the Premier Accounting Firm. In this episode, we delved into the remarkable journey of Mark Kappelman, an entrepreneur whose path has intertwined with the worlds of accounting, real estate, and business.  Mark's story begins with a pivotal realization during his formative years – the profound understanding that accounting is the fundamental language of business. This epiphany served as the initial spark, propelling him onto a career path in accounting, one that would eventually evolve in unexpected and rewarding ways. Mark's journey took him through the hallowed halls of auditing, providing him with a solid foundation in the accounting profession. This experience equipped him with the skill set to assess businesses for valuation, a critical aspect in understanding their financial health and true worth. As Mark progressed in his career, he found himself lured by the potential for wealth creation in the world of real estate investments and property management, a path he embraced with vigor. It was through the teachings of Robert Kiyosaki's renowned book, "Rich Dad, Poor Dad," that Mark's perspective on financial freedom shifted. He seized the opportunity to explore the world of real estate and eventually built a thriving real estate business boasting assets valued at a staggering $15 million. This bold leap into entrepreneurship allowed Mark to embrace not only the intricacies of property management but also the entrepreneurial spirit that drives success in this dynamic field. Mark's entrepreneurial journey came full circle as he returned to the realm of accounting, this time as the founder of a thriving bookkeeping business niched within the real estate industry.  Mark's journey underscores several key takeaways for aspiring entrepreneurs and accounting professionals. The importance of recognizing opportunities, being open to change, and having the courage to embrace an entrepreneurial journey cannot be understated. Mark's story serves as an inspiring testament to the notion that calculated risks, while intimidating, often yield substantial rewards. Mark Kappelman's parting words of wisdom resonate deeply: "Give it a shot." Whether one chooses to venture into the realm of private business ownership or opt for a more traditional accounting career, there will always be a demand for accounting professionals.  For more insightful episodes like this, be sure to subscribe to ‘Building the Premier Accounting Firm' so you can gain more insights from the experts and learn how you can grow in your accounting career while maintaining the lifestyle you desire. Remember, if it's about accounting, it's universal!   Your Host: Roger Knecht, president of Universal Accounting Center Guest Name: Mark Kappelman Mark Kappelman is the co-founder of RealEstateAccounting.Co and a seasoned professional who brings a wealth of experience from his background in accounting, operations, and real estate. He's spent seven years working in public accounting for top firms like PwC and Ernst & Young and has honed his financial acumen. But Mark doesn't just talk the talk as he's also walked the walk by building a personal real estate portfolio worth over $15 million and has a hands-on approach to real estate transactions. With degrees from Arizona State University and certifications as a CFA and CPA, he's well equipped to tackle complex real estate financial topics with ease.    Sponsors: Universal Accounting Center Helping accounting professionals confidently and competently offer quality accounting services to get paid what they are worth.   Offers: Speak with Mark for advice Mark has offered to our listener's some of his time to answer your questions.  If you would like, please book a meeting with him here if you'd like to connect by going HERE! https://www.realestateaccounting.co/thank-you/?utm_content=homebtn1   Get a FREE copy of these books all accounting professionals should use to work on their business and become profitable.  These are a must-have addition to every accountant's library to provide quality CFO & Advisory services as a Profit & Growth Expert today: “in the BLACK, nine principles to make your business profitable” – e-book “Red to BLACK in 30 days – A small business accountant's guide to QUICK turnarounds” – the how-to-guide e-book for accounting professionals   For Additional FREE Resources for accounting professionals check out this collection HERE!   Be sure to join us for GrowCon, the LIVE event for accounting professionals to work ON their business. This is a conference you don't want to miss.   Remember this, Accounting Success IS Universal. Listen to our next episode and be sure to subscribe.   Also, let us know what you think of the podcast and please share any suggestions you may have.  We look forward to your input: Podcast Feedback   For more information on how you can apply these principles to start and build your accounting, bookkeeping & tax business please visit us at www.universalaccountingschool.com or call us at 8012653777  

Today's guest is Mark Kappelman.   Mark is a CFA® and CPA®, Co-Founder of RealEstateAccounting.Co, dedicated to helping property owners achieve financial independence by streamlining their real estate accounting processes. Join Sam and Mark in today's episode. -------------------------------------------------------------- Mark Cappleman's Background [00:00:41] The Niche of REA [00:02:40] Common Mistakes in Property Management [00:06:10] Bookkeepers vs Accountants [00:07:59] Best Practices for Property Management Accounting [00:10:14] Expanding Services to Property Management [00:13:27] Mark's background and how REA started [00:16:08] REA fills a need in the real estate market [00:17:11] How to get in touch with REA [00:17:39] -------------------------------------------------------------- Connect with Mark: Linkedin: https://www.linkedin.com/in/markkappelman/ Web: https://www.realestateaccounting.co/?utm_source=reaco   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Mark Kappelman (00:00:00) - What our pitch always is to clients, which is, Hey, look, we're, we're cheaper than hire full-time. And most people don't realize, cuz we're 10 99 contractors. And what most people don't realize is, is you think you need a full-time accountant, but you probably do not need a full-time account. Mm. You know, we always say you need accounting outcomes, not an accountant. You need your bank recs done on time, you need your AP done on time, and you need the reporting out to your investors, uh, and clients on time.   Intro (00:00:28) - Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:41) - Mark Cappleman is a cfa, a CPA and co-founder of realestate accounting.co. They're dedicated to helping property owners achieve financial independence by streamlining their real estate accounting processes. Mark, welcome to the show,   Mark Kappelman (00:00:54) - Sam. Thanks for having me. Pleasure ab   Sam Wilson (00:00:56) - Absolutely. The pleasure's mine. Mark, there are three questions I ask every guest who comes in the show in 90 seconds or less. Can you tell me where did you start? Where are you now and how did you get there?   Mark Kappelman (00:01:05) - Let's see. I started by, you know, going to college and wasn't sure I wanted to be in business. Wasn't sure which major had a couple uncles said, Hey, accounting's the language of business, uh, you gotta understand how to read a p and l a balance sheet. So if you don't know what you wanna do, do accounting and you can come out with a cpa. Uh, so it's pretty good advice. I think in hindsight I did that, worked in the big four. Um, you know, read a book called Rich Dad Poor Dad, which is cliche for a lot of people, but it com there's a line in the book that says, you know, why not? Why climb the corporate ladder when you can own the ladder? And I was just, it totally threw me off. I was climbing the corporate ladder at that point. I wanted to get into real estate.   Mark Kappelman (00:01:45) - Um, my wife and I bought a single family home as a rental. Then we started flipping houses, you know, I left the big four cuz I couldn't do both. And then we started rehabbing property. So now we're rehabbing single families. We started rehabbing multi-families and then the process of doing that real estate was my side hustle. I outsourced my own accounting two different times and it just came back poor. The communication was bad. They didn't understand, you know, n o I and what to capitalize and what to run through r and m. And so then we started looking around to say, Hey look, who's just for focused on real estate accounting? Couldn't find anybody. And that was where we really got the idea for r e a.   Sam Wilson (00:02:23) - And you're absolutely right, you're absolutely right. There, there, there is a lot of, of misunderstanding in that space. You guys decided to form r e a, but yet you focus even more, I think, niche inside the accounting side of things than even what the traditional listener might think of when they think of real estate accounting. What is that?   Mark Kappelman (00:02:40) - Yeah, yeah. So really our niche is property management. Um, when we started the business, the thesis was we're gonna help fix and flippers just cuz that's kind of what I was at the time. I was rehabbing one house at a time, you know, we had draws we needed help with and we thought that was the target customer. We actually got in market, we realized the much bigger opportunity and the bigger problems to solve were for property managers, bank reconciliations, accounts payable, and the quality of financial reporting. I think any of your listeners that work with third party property management companies, they're probably getting a wide variety of the quality of financial information. And we get those financials, are they tax ready or not? Uh, and that's where we realized, hey, look, they're, you just can't afford many of these property managers. The margins are so, so thin they can't afford to hire high quality accounting talent. But if you work with a group like r e a, you may not need a full-time person, you might need a partial person. And we can bring that really high-end touch, um, at a fraction of the cost, maybe a fraction of the hours and deliver a better result.   Sam Wilson (00:03:48) - When, how much property did you have or were you managing of your own when you decided to launch r e a?   Mark Kappelman (00:03:56) - Yeah, I think today we're at 40 units. I think when we got the idea, so we launched four or five years ago. We were probably at like 30 units. Um, you know, I'm managing 30 units in Chicago today. Um, but yeah, right in that like 30 to 40 range.   Sam Wilson (00:04:12) - And what was it along the, the process of managing and owning your own properties that gave you this insight into the kind of disconnect between property managers and accounting?   Mark Kappelman (00:04:24) - I mean, I just, we outsourced our books twice. Mm. And I was like, you know, at the time I was accounting was a side hustle, right? I'm still working as an account and now I've left the big four. I'm working for this tech startup, so I'm doing accounting all day and then nights and weekends I'm trying to acquire multifamily and do deals. And then I also have to do the accounting for that, right? And I'm like, I just can't do this. And you know, I read the book I think is EMyth mm-hmm.  that's like, look, focus on re generation, outsource all the admin. So I'm like, accounting is admin to me in this real estate business, my daytime job, but it's still admin over here. So I outsourced it and it just came back super bad. And, and, and real estate, you know, you can go into accounting, but like when people say, are you into accounting? Well, there's a ton of different niches to that. And real estate's just one of them. There's very unique accounting things. Not everybody understands a closing statement, a refi. There's all sorts of things that you have to do. So we just realized there was a lack of specialists, um, and we went for it.   Sam Wilson (00:05:27) - Absolutely. And, and yeah, to your point, I mean, I've often wondered, you look at the property management companies and it's like the margins are thin. Yeah. There's . It's like how, how, how, how is this profitable? I mean, obviously it's profitable at scale, but it has to be at scale and then in order to do it at scale just means there's that many more moving parts. So clearly I'm, you're preaching to the choir here and telling you that you're solving a problem. But maybe let's talk a little bit about some of the mistakes or some of the problems that ownership groups have when working with their property management, getting reports on time. Like what are some, what are some things you see, uh, maybe the, maybe the breakdown in communication or some other kind of, uh, common mistakes that, that occur in those, in those relationships?   Mark Kappelman (00:06:10) - Yeah, I think, you know, time and time again of what we see is, so o one small step back, 70% of our clients are owner operators, meaning they're probably a syndicator or a wealthy individual, but more often a syndicator that is going out and buying the deal, but then also managing it. Okay? Mm-hmm. Okay. Um, and so the, the reason I bring that up and it, it, it, it relates to your question is that, you know, whether you're that person or you're a wealthy syndicator that's now hiring a third party property manager, that's probably the more common scenario. Sure. People don't want a property manager, they want to do the deals, hire a local property manager, right? The thing about lo in that case is you need to report on full financials back to your investors. You know, when you go out and raise money and do a deal, you say, here's what year 1, 2, 3, 4, and five are gonna look like.   Mark Kappelman (00:07:05) - And uh, here's my proforma and, and and my opinion, the good syndicators are reporting out either monthly or quarterly on here's actuals versus proforma. The reality is, is the books that your property managers keeping need to match, you know, don't need the, the basis needs to match in that. Like r and m needs to be properly booked to repairs and maintenance and not CapEx. CapEx needs to be booked properly. Um, the right things need to be above and below the line on noi. The property manager needs to add the budget into their system. The same budget that you gave, that you gave your investors otherwise, now you're doing a bunch of manual manipulation, uh, on your end and when your PM should be doing that. So I think, you know, it is just so often the accountants, I'm gonna say take a step back. So often the people working at property management companies are bookkeepers.   Mark Kappelman (00:07:59) - They're not actually accountants. And we always say like, you need an accountant, not a bookkeeper. A bookkeeper knows how to add a bill. An accountant knows what general ledger account to use, whether it's r and m or campex. I keep using that example. Uh, a bookkeeper knows to pay the bills an accountant needs to accrue for real estate taxes and accrue for insurance and book G P R and all these things that, you know, we take for granted as syndicators. Um, but I would lay, I would, I would wager to guess that nine out of 10 bookkeepers at property accounting firms have no idea what you're talking about when you start talking about those things. Maybe the really big shops they do, but even then, uh, the skills vary. I,   Sam Wilson (00:08:41) - Yeah, I would, I I couldn't agree with that more. And, and again, uh, you know, well kept books speak to my heart. Like I love, I love, you know, I'm a passive investor, uh, as well as an active investor in a lot of deals around the country. And there's nothing better than the monthly email that comes and it has just, just a lovely spreadsheet or maybe just a PDF of like, Hey, here's the accounting for the month. Or maybe it's probably two months back, but whatever it is, it's, it's just, it's great to see that's like, oh, this is well done. They know what   Mark Kappelman (00:09:12) - They're doing. Yeah. And, and what I would, and what I would say, cuz I, cuz I, I do the same passive investing now too, which is what I would say is in your expectation, if I'm a syndicator, I want to just be able to share the stock report reports from that property manager. I don't wanna have to be doing a bunch of manual manipulation on my side. And that's how you really know if you've got a quality accounting team at the property management is can you just take the p and l, the T 12, the rent roll and all the related reports and just send that out. You know, maybe you add some color as to here's what's going on with the leasing. You're always gonna do that as the lead gp, but if you're having to do a bunch of manual manipulation and change the numbers, I think you've identified a problem.   Sam Wilson (00:09:56) - Right, right. Undoubtedly. Let's talk a little bit about the interview side of things. You know, as we're, as we're out here looking at property manager, property managers as we are interviewing them, what, what things should we we be taking into account, uh, from the accounting perspective?   Mark Kappelman (00:10:14) - Yeah, I mean questions, I I, I think about it from the best practices part from my side, which is, hey, you know, easy basic stuff. If we're collecting serial security deposits, do you have a separate bank account that you keep those all in, that you reconcile every single month? Um, so other things like, hey, are you guys doing balance sheet reconciliations every month? Which means, you know, now we're getting into the weeds, but are you ticking and tying AR and AP and prepaids and all these things that, you know, we do as an accounting team, I would want to know that the, the accounting team's doing that. Um, how quickly are gonna expect financials, how many accountants are working on my, um, on my books? Uh, these are the types of things I would be asking. Uh, if I, if I was to GP a deal now and outsource it to a property magic company, I would obviously be really in the weeds, uh, on that. But those are the types of questions I'd be asking.   Sam Wilson (00:11:12) - Yeah, those are, those are, those are great questions. And, and it's, and again, it goes back to that how detailed are they gonna be, but again, going back to the property managers, their margins are oftentimes thin. And so I guess how do you, how do you navigate that when you say, okay, maybe they're a great property manager, but maybe their accounting is gonna be slow or, I don't know. I mean, is there, is there a way to kind of sort between, they're read between the lines on that and say, Hey, this is a decent, decent property management company, I can help 'em get their accounting done. Or is it just, hey, you're, you're, we're, we're, we're out of business cuz this just isn't gonna work.   Mark Kappelman (00:11:49) - I think, you know, ultimately I always tell people, you're probably not gonna fire your property management company cuz it's bad accounting. Maybe you will. But if their leasing's great, if the management's great, if retention's great, um, you know, you're gonna be able to kind of look over some of those things. Um, now in terms of what our pitch always is to clients, which is, Hey look, we're, we're cheaper than hire full-time. And most people don't realize cuz we're 10 99 contractors. And what most people don't realize is, is you think you need a full-time accountant, but you probably do not need a full-time accountant. Hmm. You know, we always say you need accounting outcomes, not an accountant. You need your bank recs done on time, you need your AP done on time and you need the reporting out to your investors, uh, and clients on time. And if that means you're hiring us for 80 hours or 40 hours versus 160 hour full-time person, um, you know, I always challenge people on people on that is you can hire us fractionally, get a higher quality and deliver on the results that your clients are expecting.   Sam Wilson (00:12:55) - Right. No, that's, that's that's so true. So absolutely true. I love that. So you, you've got a, a, a deep history here, you know, starting out in as an accountant then you've gone to fix and flip, you still presently own roughly 40 units. You're a limited partner in deals across the country. You are running the, um, your r e a what's, what is that short for? I'm sorry, I'm   Mark Kappelman (00:13:16) - Real estate accountant,   Sam Wilson (00:13:18) - Uh, I'm an idiot real estate accountant. Uh, you're, you're running that company. Like what's, what, what's next for you? What's, what's something on your horizon that you're really excited about?   Mark Kappelman (00:13:27) - Yeah, you know what, what, what we're, what we're really excited about right now is that as we've gone deeper in the accounting business, um, we had clients coming to us to say, Hey look, you guys are really good at accounting, but do you guys do any help with leasing? Do you do any help with maintenance coordination? Do you answer owner questions? Uh, and what we realized is, is look, there's a, there's a really big opportunity here for assistant property management and I can tell you why exactly as you earlier in the call you said, how many units do you manage? Uh, I've managed 30 units in Chicago and it was just me and a maintenance guy for the longest time. But then when I looked at what I was doing, leasing season was absolutely killing me. Uh, hosting the listings, somebody coordinating all the showings, somebody coordinated with the current tenant when they can they come over, he exchanged, um, um, filter change outs.   Mark Kappelman (00:14:24) - I mean I could go on and on and on and on and on. And so what we did is, in my own property management, I hired a virtual property management cuz the vast majority of things can be done virtually. Yeah. And yes, you need an onsite maintenance guy. So we heard this from multiple clients. Can you help with non accounting? Can you help with non accounting? I knew I had the same issue in my business. Hired the person kind of proved it out. And now, um, we're offering that as a service to clients to kind of go deeper than just accounting. Uh, we, we, we really see r e a is conveniently r e a, but we really see the whole umbrella as kind of real estate administration. So the kind of vision would be payroll insurance. You can go really deep as to areas you can help.   Mark Kappelman (00:15:06) - We started with accounting, now we're focused on property management and kind of assisting clients, uh, in that journey. There's so many, we have so many clients. We have some really big clients, big teams. But a lot of our clients are entrepreneurs that are doing everything that are just starting outsource pieces. They've outsourced the accounting to us and now they're like, wait, I can go spend time growing my business and you guys can do leasing coordination and you can do maintenance coordination. And we say, yeah, that's what we do. And we think we have a unique competitive advantage because we're already doing it at our own business. Right. You know, we're not just accountants, we are actually people that have done deals, flipped houses, built new construction, managed property syndicated deals so we can kind of, uh, 70% of our business is with people that own and operate just because, you know, we've kind of been in their shoes maybe on a smaller scale.   Sam Wilson (00:15:55) - Sure. Sure. No, I think that, I think that's great. What are some keys maybe as you look to scale that, that help you take on or tack on these new lines of business without getting distracted from your core business?   Mark Kappelman (00:16:08) - Yeah, I think that's the, you know, you've heard all these stories, at least I have of people always wanna go to the next shiny object. And like that's why quite literally from the last five years we've been hyper-focused on accounting. That's all we've done. We've thought about going into tax. We realize don't have a competitive advantage there. We'd be better off just referring it to tax c p a firms, uh, that specialize in that. This has just, you know, we've talked about going into different parts of real estate hotels or, you know, different sub niches. This just kind of like I displayed came naturally in that we had the problem in our own business. Clients are starting to ask for it and just thought, look, we should, I mean we understand this business and we already have a pool of clients that we can go pitch this into. Um, so it was just kind of natural. So I think we have stayed really disciplined. Um, and, you know, I love focusing on a niche cuz it's really the same issues over and over and over and over and over again. And you get pretty darn good at addressing them.   Sam Wilson (00:17:11) - Absolutely. Mark, this has been insightful. I certainly appreciate you taking the time to come on the show today. I mean, you guys are filling a void, you already know that. Or filling a need, filling a need, filling a need. I don't know which way you say that, but  you're serving your clients well for something that obviously Yeah. That you're aware of that we need here, uh, in, in the real estate, especially the commercial real estate space. So thank you for taking this head on and uh, bringing what you do to the market. This is certainly awesome. If our listeners wanna get in touch with you and learn more about you, what is the best way to do that?   Mark Kappelman (00:17:39) - Yeah, best places go to our website www.rrea.co not.com, but do co um, that's the best place. There's a, you know, a link to book a meeting with us. You can find me on LinkedIn. I'm active ish there. Uh, but the website's the best spot.   Sam Wilson (00:17:58) - Fantastic. Re a.ceo, we'll make sure we put that there in the show notes. Mark, certainly appreciate you coming on today. Thank you so much for your time.   Mark Kappelman (00:18:05) - Yeah, thanks Sam. Appreciate it.   Sam Wilson (00:18:07) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.      

“We're testing these same services in my business, seeing what's working, what's not. And then going out to the marketplace and saying, ‘We know you have this problem, would you be interested in letting us help you?'”  -Mark Kappleman   When getting started in business there is often a pressure to be a generalist, to try and learn and do everything for any possible client. But, there is nothing wrong with combining your skills and experience with all those clients and your own passions to specialize in the niche that perfectly suits you.   Letting go of clients is hard. It is tough to shake the scarcity mindset. Imagine, however, all of the people who could be served by your unique knowledge, not to mention the relief found when you're not dealing with twenty different problems in one day. Instead, applying your expertise in ONE area to twenty different clients.   Mark Kappleman, co-founder of RealEstateAccounting.co, is this episode's featured guest. He has spent his career, seeking out the niche within the niche, creating and building market opportunities to help clients achieve their dreams.   There has never been a better time to leverage your skills and experience to solve the problems your clients don't even know they have. If you have been struggling to identify your niche, this is the episode to get you to follow your passion!   During this interview, you'll learn... The value of specializing in your niche How to manage the unspoken & unknown problems The importance of following your passions  To find out more about Mark, click here.   Connect with him on LinkedIn and Twitter.   Time Stamps   01:31 - Mark talks about his career journey  06:04 - Following your passion  09:18 - Getting to the root of the problem 13:44 - Focusing your niche  17:14 - Becoming a generalist or a specialist  19:23 - Sometimes the niche finds you 22:04 - Managing the unspoken & unknown problems  27:05 - The future of business  30:55 - Learning more about Mark  This episode is brought to you by The Successful Bookkeeper's newest online event. Introducing the Technology Showcase! If you're looking for the best apps and solutions for your bookkeeping business needs then this one-of-a-kind experience is for you!   It happens on June 22nd at 9am Eastern. To find out more, click here and REGISTER NOW before it's too late!   

In a recent article, an anonymous writer tells us how he achieved financial independence through passive investing. Today we're talking about the FIRE movement and what it truly means to be financially free. Theo Hicks & Travis Watts go in depth on the 4 levels of FIRE, as well as 4 steps to get started and succeed with the FIRE movement.  Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Today we're talking to Chris Cammack, a new investor who has already built a portfolio of 47 rentals under 2 years. Chris gives us a unique perspective on the benefits of working a corporate job, and how you can use the systems and process towards your real estate career. We learn about how he acquired so many properties so quickly, and his secrets for finding private investors.  Chris Cammack Real Estate Background: Full-time Account Manager  2 years of real estate experience Has completed 75 flips and wholesale deals Current portfolio consist of 47 rentals Based in Fort Wayne, IN Say hi to him at: www.cammackestates.com  Best Ever Book: It's All in Your Head   Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

After accidentally making $30k on his first deal, Lee Kearney was immediately hooked and started researching his next investment. However, when 2007 hit, he realized the market wasn't the problem and he started working on a new strategy. Lee discusses his strategy in-depth and how he came back from a $2M loss, what to look out for in the current market, and his biggest takeaways from working with a hedge fund.    Lee Kearney Real Estate Background: CEO of Southeast Property Investments Network (SPIN) & Real Advisors 16 years of real estate investing experience 7,000 single family houses flipped Based in Tampa, FL Say hi to him at: http://www.spincompanies.com/ Best Ever Book: Traction Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Many consumer companies are rethinking their real estate footprint. Tune in to our podcast on the lease modification and impairment accounting implications.

Today we're talking to 3 best selling authors about honing in on your negotiating skills to win any real estate deal. Chris Voss, former FBI negotiator, gives us his #1 strategy he uses in negotiations and how that applies to real estate. J Scott discusses the importance of building rapport, and how to get others to like and trust you. Lastly, Oren Klaff tells us his best tool for proper negotiation and describes how to be the most compelling person in a negotiation.  Chris Voss FBI hostage negotiator for 24 years Best selling author, Never Split the Difference Founder of the Black Swan Group, firm solves business communication problems with hostage negotiation strategies Based in Los Angeles, CA Say hi to him at http://blackswanltd.com/ Episode #1244 J Scott Best selling author, The Book on Negotiating Real Estate Runs the website 123Flip.com, which provides insight into every aspect of his real estate business Based in Washington D.C. Say hi to him at www.123Flip.com  Episode #1209 Oren Klaff Best selling author, Pitch Anything Based in Carlsbad, California Say hi to him at https://orenklaff.com/ Episode #425 Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Mark Kappelman, Co-Founder of Real Estate Accounting, is well versed in multifamily investing and syndications, as well as the back end accounting world. Focusing 100% on the real estate industry, Mark discusses the types of investors that could benefit from outsourcing their accounting, and how to balance expensing vs. capitalizing. Mark and Joe also talk about real-life scenarios where outsourcing accounting services could have caught fraudulent activity.   Mark Kappelman Real Estate Background:  Co-Founder Real Estate Accounting 8 years experience He's a CPA as well  Rehabbed and now own multiple multi-family properties (BRRR strategy) - approx 40 units as of today Syndicated (from private investors) on nearly all deals so understands the financing side of things well Say hi to him at: https://www.realestateaccounting.co/ Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Managing Attorney, Brian Boyd, started representing contractors at his practice when he decided to look into it further. Now, he's looking for new investing deals daily. Brian talks about the potential tax changes this year as it relates to real estate investors, and things you should be doing now to avoid litigation.    Brian Boyd Real Estate Background: Owner and managing attorney of Boyd and Will's Legal Lawyer working on commercial litigation, real estate litigation, business advisement, and tax resolution Portfolio consist of 17 properties, and 24 doors Based in Franklin, TN Say hi to him at: https://www.boydlegal.co/ Best Ever Book: Rich Dad Poor Dad Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Ever wonder what happens next after investing in a real estate syndication? Theo Hicks & Travis Watts talk in detail about what to expect from your sponsors monthly and quarterly after investing, the key items to look out for, and what tools to use to truly have the financial freedom of a passive investor.  Best Ever Quote: “Do what you love, and outsource the rest.” -Travis Watts  Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Today, Theo analyzes the May 2021 National Rent Data Report published by Apartment List. He breaks down the record-breaking growth we've seen in the past few months, how the markets are performing versus pre-pandemic projections, and which markets continue to boom through pandemic recovery.  To listen to other Syndication School series about the “How To's” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Savvy investors know that a good accounting needs to be part of their Real Estate All Star Team of Experts, and Geoff Warren is an accounting powerhouse in the world of real estate. In this weeks episode Geoff gives us insight into some of the best tax strategies for real estate investors straigh from the source. Geoff Warren is an accountant and Partner at Giroday & Warren CPA LLP. His firm focuses on small business operations, taxation and audit. Geoff, friend of REC, first appeared on the REC Real Estate Marathon. Check out his interview!

Michael Morawski's seemingly normal life was turned upside down the day he was charged with fraud charges. After ignoring some red flags of those around him, he ended up making business moves that he later found out were unlawful. Tune in to find out how overscaling, overpaying, and overleveraging landed him in prison, what he learned in those 7.5 years, and how he's scaling his business now. Michael Morawski Real Estate Background: Coaching and Training businesses in the multifamily investor space 30 years of real estate experience Has previously raised $18MM, acquired $60MM in assets 4,000 apartments in 5 states & managed 7,500 units Based in Chicago, IL Say hi to him at: www.mycoreintentions.com Best Ever Book: The Millionaire Real Estate Investor Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

When Mark Stubler realized he didn't have full autonomy in his current position, he went full force into entrepreneurship. He talks about how he finds distressed deals, as well as his acquisition approach. Mark emphasizes his customer-minded focus on finding out his clients' true needs to provide them real value, while still making great returns. Mark Stubler Real Estate Background: Founder of Joe Homebuyer 5 years of experience Portfolio consist of 100+ flips, & 500+ transactions (wholesale, flip, wholetails) Based in South Jordan, UT Say hi to him at: https://joehomebuyer.com/  Best Ever Book: The Rhythm of Life   Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

In this episode of “Best of Best Ever” we talk to three ex-pro athletes from the NFL and the NBA. Carl Banks  talks about his biggest business flop, what he took away from that, and his best advice for entrepreneurs. Marvin Washington  gives us practical tips for planning ahead, forming successful habits, and self-reflecting for constant improvement. Lastly, Jay Williams tells us the benefits of creating your own group of board members for accountability and feedback, as well as the importance of reinventing ourselves consistently. Carl Banks NFL Founded G-III over two decades ago, and responsible for bringing back the iconic starter satin jacket The Carl Banks Foundation - raises money for a variety of causes, most notably autism research Episode #1206 Marvin Washington NFL Crusader for the healing power of cannabis and getting the league to consider the benefits Involved in a hemp-derived CBD product company, Isodiol, where he leads the promotion of their IsoSport line. Episode #1196 Jay Williams NBA Multi-talented ESPN college basketball analyst and motivational speaker Turned a life-altering motorcycle accident into an opportunity to reinvent himself Episode #1169   Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

After buying his first triplex in 2019, Antonio Cucciniello was hooked in the real estate world. In this episode, Antonio and Theo Hicks discuss why it took him so long to jump in and invest, how he grew his business with TikTok through the pandemic, and the 6-step process he teaches to get started faster.  Antonio Cucciniello  Real Estate Background: Senior Software Engineer on the innovation team at Kinesso 1 year of real estate experience Portfolio consist of 3 rentals, 7 units; 2 duplexes and a triplex Based in Austin, TX Say hi to him at: Investarters  https://www.youtube.com/channel/UCW_ya0_tg51lnj7VVvfJuXw  TikTok @investarters Best Ever Book: Raising Private Capital   Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Steve Olson got his start in real estate while still in college, and he never looked back. In this episode, Theo Hicks talks with Steve about the pros of investing in built-to-rent fourplexes. Steve gives us an inside look at the fourplex business model, advantages of fourplexes vs. other real estate investments, and how they ensure they'll be offering a great deal to their investors.  Steve Olson Real Estate Background: Director of sales for Fourplex Investment Group (FIG) 17 years of real estate investing experience FIG Portfolio consist of 4000+ units  Based in Salt Lake City, UT Say hi to him at: www.fig.us  Best Ever Book: What it Takes Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Today we're covering how to make investing simple in just 4 steps, with Theo Hicks and Travis Watts. Theo and Travis talk about the real reasons why you're not meeting your goals, and how to overcome the “analysis paralysis”. They break down the step-by-step process to help you move the needle forward and take action.  Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

In this episode Theo analyzes the Post Pandemic Investment Report by Marcus & Millichap. Tune in to learn about future, post-pandemic trends for commercial real estate as a whole, as well as each individual asset class.  https://www.marcusmillichap.com/research/special-report/2021/05/post-pandemic-investment-trends-special-report To listen to other Syndication School series about the “How To's” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.  Click here to know more about our sponsors RealEstateAccounting.co & ThinkMultifamily.com/coaching

Jumping full-time into real estate right out of college, Rob Mehta's first move was house hacking. After founding two companies and surviving the 2006 housing crash, Mehta went on to make his biggest deal to date. Tune in to hear a broker's perspective on rebuilding after the market crash, some similarities, and one major difference he sees in today's housing environment.  Rob Mehta Real Estate Background: Full-time real estate investor 10 years of experience Portfolio consist of multifamily apartments Based in Miami, FL Say hi to him at: www.robmehtapartners.com Click here to know more about our sponsors RealEstateAccounting.co ThinkMultifamily.com/coaching

After spending 12 years as a management consultant and forming a circle of mentors, Kent decided it was time to start investing in real estate. Starting out as a passive and then active investor, he grew his career by building a portfolio of assets. Learn about how he got people to invest with him while he had little real estate experience, and how he built his portfolio of 440 doors in 3 states in just 5 years.  Kent Ritter Real Estate Background: Managing Director at the multifamily private equity firm Birge & Held Asset Management 5 years of real estate experience Portfolio consist of 440 doors in 3 states Based in Indianapolis, IN Say hi to him at: www.kentritter.com  Best Ever Book: Think Again     Click here to know more about our sponsors RealEstateAccounting.co ThinkMultifamily.com/coaching

In this episode of Best of the Best Ever, we hear three perspectives on growing your website traffic and conversion rates from Neil Patel, Chris Dayley, and Melissa Johnson. Neil focuses on increasing traffic and conversions by SEO, keyword best practices, and avoiding the #1 mistake people make when building a website. Chris discusses what his company looks for in a strong website and how to minimize your resistance factors to increase your conversions. Lastly, Melissa discusses how she creates and promotes content to drive traffic to her website. Neil Patel Background: Marketing and online expert  Top Influencer on the Web (Wall Street Journal) Top 10 Online Marketer (Forbes) 100 Most Brilliant Companies in the World (Entrepreneur Magazine) Top 100 Entrepreneur (President Obama) Chris Dayley Background: VP of site testing and optimization at Disruptive Advertising Started his agency, Dayley Conversion in 2014 that merged with Disruptive Advertising Helps businesses learn what users want on their website, through psychology based testing, and analytics Melissa Johnson Background: Full time real estate investor, and the Co-Founder of San Antonio InvestHer meetup group 17 years of real estate experience She has completed over 1000 flips, and has a portfolio of rental properties and notes Click here to know more about our sponsors RealEstateAccounting.co ThinkMultifamily.com/coaching

In this episode, Scott Meyers talks about his journey through self storage investing. What started as single family rentals quickly turned into self storage for less hassle and more freedom. He discusses the market, underwriting tips, and his secrets for adding value. Scott Meyers Real Estate Background: Full time real estate investor for 3 years Portfolio consist of $160 Million in Assets under management - 13,000 self storage doors, 2.2M Square feet in 39 facilities nationwide Based in Indianapolis, IN Say hi to him at: www.selfstorageinvesting.com  Best Ever Book: Traction Click here to know more about our sponsors RealEstateAccounting.co ThinkMultifamily.com/coaching 

Austin is the owner of Glanzair Properties and 717 Home Buyers. He began his real estate investing journey 3 years ago when he bought his first triplex. Austin talks about how he made his full-time real estate investing goals a reality by living below his means and making his money work for him, instead of constantly working for his money.  Austin Glanzer Real Estate Background: Full time real estate investor for 3 years Portfolio consists of 20 wholesales, 4 flips, and 2 house hacks Based in Lancaster, PA Say hi to him at: www.realestatejumpstart.com Best Ever Book: Rich Dad, Poor Dad   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching

Travis and Theo talk about how to find professional mentors and decipher if they're right for you by listing 3 consistent themes of a good mentor. They discuss the potential downside of selecting the wrong mentor and what an incorrect mentor may look like.  Best Ever Tweet: "Books are great, but people are better” -Travis Watts   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching     

In this episode, Theo breaks down the results of the CBRE Americas Intentions Survey. Theo talks about the 9 main takeaways from the survey as we look into what is currently happening in commercial real estate as well as potential future trends.  To listen to other Syndication School series about the “How To's” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Coming from an online poker career to asking friends and family for funding for a syndication deal, getting creative is nothing new for Dan Odabashian. Dan learned to leverage relationships and go from traditional thinking to looking into alternative asset classes, trying to scale from day 1. He explains how an RV park and campground doubles the cash flow of a mobile home park and how he turned a historic old brewery into a 75-unit luxury apartment community. Dan Odabashian Real Estate Background: Full-time real estate investor 10 years of real estate experience Portfolio ranges from small multi-units to large substantial development projects Based in Albany, NY Say hi to him at: dan@newscotlanddevelopment.com Best Ever Book: Raising Capital For Real Estate  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

John McNellis started as a journalism major headed to law school because he did not know what else to do. While practicing business law, he was drawn to business operations and shifted to become a developer. At 29 he started shopping center development and now has over 80 projects in development. More than half of those projects are complete tear-down and renovations. Listen in to hear his advice on the need to specialize in shopping centers, start with tenants, and how to avoid over-leveraging. John McNellis Real Estate Background: Partner at McNellis Partners Very active in CREI for 40 years Portfolio consists of 80+ projects Based in Palo Alto, CA Say hi to him at: https://mcnellis.com/ Best Ever Book: Psychology of Money  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Mike Zlotnik was tired of the rat race in IT and followed his love for real estate full time in 2009. Since then, he has worked as a fund manager, providing his passion, financial acumen, and resourcefulness to his business and coaching clients. Mik discusses the results of COVID-19 and opportunities that have risen in real estate investing. He also speaks about the referral chain that is necessary when you are deciding how active or passive you want to be and with whom. Mike Zlotnik Real Estate Background: CEO of TF Management Group LLC, fund management company Investor since 2000 Manages over $34M AUM Based in Brooklyn, NY Say hi to him at: www.BigMikeFund.com Click here to know more about our sponsors RealEstateAccounting.co ThinkMultifamily.com/coaching   

With over 30 years of real estate investing experience, Dave Sherbal discusses what it means to follow the cash to find savings and find the waste. Some of his advice today is to take the deals no one else wants – the hairier the better. He speaks on the balance sheet and the importance of due diligence (more than just basics). Finally, he shares the most common areas for optimization in apartment buildings. Dave Sherbal Real Estate Background: Partner of C2G Asset Management (Cradle to Grave) 30 years real estate investing experience Currently, oversees 5k units and 600k square feet of office & retail. Coral Springs, Florida Say hi to him at: www.c2gcapitalmanagementllc.com Click here to know more about our sponsors RealEstateAccounting.co ThinkMultifamily.com/coaching 

From a 4 unit to 22 student housing buildings to 250M in construction, Zach Feldman turned his side hustle into full time with specialization on quality student housing. In this episode, Zack speaks on institutional quality student housing that focuses on the health of the student and the unit. These quality housing solutions have bed to bath parity (4 bed, 4 bath) and the highest rent per square foot. It is easy to raise rents and most leases are guaranteed by parents. Listen in to learn more. Zach Feldman Real Estate Background: VP of development at Aptitude Development, a premier student housing developer  CEO & Founder of ENJOI 77 HOLDINGS, a real estate investment company specializing in student housing & multifamily investments 6 years of real estate investing experience ENJOI 77 Portfolio consist of 22 properties with 200 units owned Aptitude Development: 1,500 beds Based in NYC, New York Say hi to him at: https://www.linkedin.com/in/zacharyrfeldman/ Best Ever Book: The Triumph of the City Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching   

Today Theo and Travis are sharing their mistakes so you don't make them.  From doing due diligence and finding good team members to finding mentors and teaching their children, listen for things to know before investing in real estate.  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Theo Hicks continues the conversation on what you should know before becoming a real estate syndicator. In the previous episode of Syndication School, Theo talks about the reasons you may elect not to passively invest in real estate syndications. Today he discusses 5 things to consider before deciding real estate syndication is for you.  To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Derek Peterson is the owner at Adapt Media Agency, a full service digital marketing agency that helps syndicators grow their brand online. He began investing in real estate in the mid 2000s. Derek talks about the 3 most effective ways to position yourself as an authority in the syndication space, as well as the one area that new syndicators often get wrong.  Derek Peterson Real Estate Background: Owner of Digital Marketing Agency Agency that helps syndicators grow their brand online 10 years of real estate experience Based in Charlotte, N.C. Say hi to him at:  https://adaptmediaagency.com/ Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching       

Daniel Wood became interested in real estate investing about 10 years ago in Sweden. His first deal left him in the hole of half of a million dollars. When everything that could go wrong did go wrong, he went bankrupt and decided to start a new company. Now, Momentum Property Education has a successful formula to help others understand the importance of Knowledge, Action, and People. Daniel Wood Real Estate Background: • Full-time property investor • 10 years of experience • Portfolio consists of residential properties, syndications, commercial properties, and a golf resort • Based in Sweden but invests in the UK • Say hi to him at: www.momentumgift.com • Best Ever Book: The Snowball by Warren Buffett Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Matt is the principal at New Scotland capital. He has spent six years in real estate investments in commercial mortgages with over $2 billion in transactions. Matt was working for one of the leaders in investment management solutions for real estate back offices and syndicators. In 2019 and 2020, he spent most of his time launching his business, getting settled in his new market of Albany, New York, meeting people, and forming partnerships. Primarily, his business is multi-family investor. They have recently branched out into some other asset types but the bread and butter are multi-family syndications and joint ventures in the capital region of New York. Matt will be going into details about where he is right now at his business and getting started in finding and developing partnerships. Matt Whitermore Real Estate Background:  Full-time real estate investor and Principal at New Scotland Capital Spent six years in real estate investments and commercial mortgage brokerage, with an estimated $2+ Billion in closed transactions including acquisitions, debt, and equity placements Previous episode JF1918 Based in Philadelphia, PA Say hi to him at https://www.newscotlanddev.com/ Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Just represent yourself as a professional and if you keep that at the forefront of your mind and you treat them as if it's a listing and you just provide that level of service, then, you can't go wrong and it'll probably turn into more business with that seller down the road.” - Matt Whitermore

Pili is a real estate syndicator and a coach. As a full-time mom herself, she is an advocate for moms in real estate, encouraging them and helping them go through the challenges of navigating the world of real estate investment. Pili and her husband have over $75mil in their portfolio. They focus on acquisition of large multifamily assets, and lately they’ve been building a system in order to simplify parts of their business. In this interview, Pili shares her process of collecting and transferring data from Google Sheets to the new system she uses. Pili Yarusi  Real Estate Background: Full-time Mom, Real Estate Syndicator, Coach, and advocate for Mom’s in real estate 7 years of real estate experience Portfolio consists of 10 buildings totaling 900 units Based in Murfreesboro, TN Say hi to her at: www.yarusiholdings.com  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching      Best Ever Tweet: “Once you have the systems in place, it feels so good” - Pili Yarusi.

Aaron’s first experience with real estate happened when he was only 5 years old. Finding treasures in the properties that his father purchased was the coolest thing. Over the years, he tried a lot of different things until getting back into the real estate business. However, now he approaches it from the tech angle, using data to make the investing experience better for everybody. He also teaches real estate, data, and research to other real estate investors, helping many people use the data to better their businesses.   Aaron Norris  Real Estate Background: VP of market insights for PropertyRadar Started in real estate at 5 years old fixing houses with his fathers flipping business He is currently building his 12th build to rent property and has 20 years of experience in private construction notes  Based in Los Angeles, CA Say hi to him at: www.propertyradar.com        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “I found that there are typically opportunities in any market; the question is how to structure the deal” - Aaron Norris.

Today Theo and Travis share the three different types of commercial real estate funds that you could possibly invest in today instead of focusing on apartment syndication deals. We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

In today's Syndication School episode, Theo Hicks shares a list of some of the reasons why some people may not want to invest in apartment syndication real estate and how you can potentially counteract the reasons when you're pitching your idea to other investors. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Anthony Faso is a self-proclaimed recovering CPA who transitioned his financing firm towards infinity banking when the global financial crisis happened on 2008. Cameron Christiansen was a small business owner whose life was changed after reading a book by Nelson Nash. Together, they help clients utilize an infinite banking strategy to secure cash-flowing assets and create a passive income. Initially, flipping raw land was something novel and rigorous to finances for them. Infinity banking is not just for you but also something you want to leave as a legacy for the next generations to come. Today, Anthony and Cameron discuss on how to leverage infinity banking to achieve your goals.   Anthony and Cameron Christiansen | Real Estate Background  Full-time financial advising 10 years experience in real estate Cameron’s portfolio consists of raw land Anthony’s portfolio consists of flipping raw land and rentals  Based in Las Vegas, NV Say hi to him at: www.infinitewealthconsultants.com/bestever  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Nobody's going to care more about your money than you.” –Anthony Faso

Ketan Patel is a high-performance coach, capital raiser, and real estate investor who started as pharmacist. Thinking about finding another source of income instead of relying on a corporate job, he decided to buy single-family units but realized how it was not the way to achieve his goals—the idea of syndication and capital raising daunted him. Ketan never runs from challenges; not having money to problematic tenants, he decided to take things at his hands and formulated a strategy that would propel him to success. In this episode, Ketan discussed the compelling journey of an immigrant to a syndication extraordinaire.   Ketan Patel | Real Estate Background: A high-performance coach and capital raiser 8 years of real estate investing experience Has raised over $10M for syndications  Based in Boston, MA Say hi to him at: www.ketanpatel.com  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “If the deal did not work out or something bad happened, it’s not the end of the world. Everyone will learn and be better next time.” –Ketan Patel

Anton is a full-time real-estate investor who, with his wife, climbed their way to success. They built their 40-unit portfolio through their savings – no partners, no syndications, or creative financing. Anton started buying single-family properties then recently transitioned to multifamily properties in Kansas City, Missouri Market to scale their portfolio faster. He relies on fundamental indicators, economic population and job growth, in high-growth and depressed markets to decide which market he wanted to dip his toe into. In today's #SkillsetSunday episode, Anton dives into a discussion to dissect his thought processes to build a stable and robust portfolio – by utilizing property analysis.   Anton Ivanov Real Estate Background:   Entrepreneur, software engineer, and founder of DealCheck.io 7 years of real estate investing experience Portfolio consists of small multi-family and single-family rentals totaling to 40 units Based in San Diego, CA Say hi to him at: www.dealcheck.io Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Being sensitive to your tenants is the way to maintain your relationship. You create a positive environment, you are on their side, and if something bad happens, you will work with them.” -- Anton Ivanov

Eng Taing was born in Thailand in a refugee camp. Growing up, his background gave him a strong push to seek more and hustle in order to achieve success. When Eng grew up, he started looking for ways to invest his money. He disliked the stock market for its volatility, and the crash of 2007 proved him right. So Eng put his money into a triplex which gave him a predictable and stable income. He scaled his business by becoming a limited partner in syndicates, and now he helps other investors do the same.   Eng Taing  Real Estate Background: CEO and Founder of Touzi (Toe-Zee) Capital Born in a refugee camp in Thailand 12 years of investing experience Touzi Capital portfolio consist of 625 units with $85M under management Based in San Francisco, CA Say hi to him at: www.touzicapital.com      Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “I gravitate towards those who are open to sharing and educating ” - Eng Taing.

Dan started working in real estate right out of college. He put together the money he made doing odd jobs, invited two other investors, and purchased a property in Manhattan. He fixed the property, refinanced it, and made his money back within the next couple of years. Thanks to his networking skills, he learned a lot of insider information about refinancing and flipping, so he managed to make a hefty profit relatively quickly. Twenty years later, Dan’s investments amount to $80 million, and he owns 850 units. He now mentors aspiring investors and helps them acquire wealth by investing wisely. Dan Tokayer Real Estate Background: Founder of Simplicity Capital  21+ years of real estate experience Has acquired, operated, and invested in $80 million of commercial real estate across 850 units  Based in New Jersey Say hi to him at: www.simplicitycap.com  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “When the market is bad, that should be the best time to raise money because things are substantially cheaper” - Dan Tokayer.

Today Theo and Travis share the differences between Accredited Investors and Qualified Purchasers.  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.

In today’s Syndication School episode, Theo Hicks shares with you part 2 of 2 on how you can automate your money-raising process to help you succeed in your syndication business. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Listen to this episode to know more about these six strategies. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening, and I will talk to you tomorrow.

Bronson is the founder and CEO of Bronson equity. Bronson began investing in real estate 13 years ago, first developing a solid single-family portfolio before moving on to multifamily. He’s an expert dedicated to educating practitioners and business owners about how to gain financial independence by fully passive investing. Bronson is now the General Partner for 225 houses, and he is adamant about spreading the word about the advantages of passive investments in multifamily syndications. Bronson shares his first investment property story and how his mentor constantly pushed him to improve as an investor.   Bronson Hill Real Estate Background:  Founder and CEO of Bronson Equity 15 + years’ experience Portfolios consist of 800 units as a GP, and over $60M of multifamily real estate Based in Pasadena, CA Say hi to him at: www.bronsonequity.com   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “If you make yourself valuable to valuable people, you will find a place for yourself in any industry.” – Bronson Hill

Bill Ham is a full-time real estate operator and syndicator who started as a corporate pilot. After discovering that the job was not as exciting as he thought, he learned how his friends made money for a month was the same as how much he made in a year as a pilot. He first sold a duplex, earned $300, and that was the start of his real estate journey. Out of a thousand units, his first 402 units were completed through “creative financing”, while the rest are through seller financing and master lease. In this episode, Bill dissected his experience and insights in real estate investing by utilizing these three forms of financing.   Bill Ham | Real Estate Background Full-time real estate operator and syndicator 15 years of experience Portfolio consist of 1100 units Based in Georgia  Say hi to him at: www.creativeapartmentdeals.com   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “You should build, refresh, reset, and keep in touch with your network constantly.” –Bill Ham  

For 10 years, Dan participated in many industries, landing him in the hospitality industry and Apartments.com. They layer a full online leasing platform that covers the entire transaction: find the place you want to live, apply, get screened, pay rent, and submit maintenance requests through the platform. In today’s episode, Dan will discuss the best practices to ensure the apartment rental business continues to succeed during uncertain times.   Dan Russotto Real Estate Background:  Vice President of Product at Apartments.com 25+ years of extensive startup & Fortune 500 experience Based in Atlanta, GA Say hi to him at www.apartments.com Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “One of the big things we wanted to try to accomplish with this rental tool was to ease the chief complaints of our renters, which is not having to pay multiple times for our screening and only getting a soft credit check instead of a hard credit check.” - Dan Russotto

In today’s episode, three experts tell us ways to raise more money from passive investors. Three people give us tips and secrets on how to raise more money. Set yourself up for success raising money via crowdfunding. We'll discuss the best practices to raise capital using a very unique approach on LinkedIn. You'll discover advice on how to best position yourself, your deal, the specific real estate niche you invest in, to your passive investors . Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Chris's advice on how to set ourselves up for success and maximize the amount of money we can raise via crowdfunding. He talks about doing the right research on the crowdfunding website to make sure it's a good fit.”

Adrian was a police officer when he started investing in real estate. Originally, he wanted to subside his pension and create a stream of passive income. Half a decade later, he had his lending power leveraged to its full extent, and that’s when he started branching out. He started creating joint ventures and partnerships with other like-minded investors. Now Adrian is a full-time realtor and investor with a portfolio consisting of 2 commercial and 54 residential properties. Thanks to his decade-long real estate experience, he managed to retire early from the police force, and he now focuses on creating joint ventures and attracting new capital.  Adrian Pannozzo Real Estate Background: Full-time realtor and investor 10 years of real estate experience Portfolio consists of 54 properties totaling 210 units and 2 commercial properties Based in Ontario, Canada Say hi to him at:  www.investwithepc.com        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Think abundance, first and foremost” - Adrian Pannozzo.

Today Theo and Travis share 10 questions to ask before passively investing.  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow.

In today’s Syndication School episode, Theo Hicks shares how you can automate your money-raising process to help you succeed in your syndication business. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Listen to this episode to know more about these six strategies. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening, and I will talk to you tomorrow.

Andy Heller has been investing in real estate since the 1990s. His career started when he attended a seminar on how to purchase properties from a foreclosure list. However, that strategy was very taxing emotionally. So Andy and his partner modified their initial plan, opting to work with banks once the property has been foreclosed. And if they couldn’t find a buyer quickly enough, they offered a lease option. This strategy was much easier to execute. Moreover, it was scalable. Listen to the episode to learn how Andy Heller makes money flipping real estate in detail. Andy Heller  Real Estate Background: Owner of Regular Riches 30+ years of real estate experience Bought hundreds of properties Based in San Francisco, CA Say hi to him at: www.regularriches.com      Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “You can’t always assume you’re going to buy a property and flip it because a buyer may not walk in the door. You’ve got to have a backup” - Andy Heller.

Coming from a family of medical professionals, Dr. Bender studied to be a dentist. Originally located in Baghdad, Iraq, his family had to move to Dubai, and that’s where he got introduced to the world of real estate. After the 2008 market crash, Dr. Bender had to go back to dentistry to support his family. They moved to Canada, and then to Boston. In 2019, Dr. Bender got back into real estate by purchasing a 45-unit multifamily house in North Carolina. He’s now in the process of acquiring a 200-unit together with two other investors.   Dr. Bender  Real Estate Background: CEO of American Dental Group with 5 dental offices, real es tate investor, e-commerce, and day trading 3 years investing in Abu Dhabi and 2 years in the USA Portfolio consisting of 45 units, in process of selling to buy a 200 unit asset before the end of 2020 Based in Boston, MA Say hi to him on www.benderscapital.com  Best Ever Book: Best Ever Syndication book       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Even if you do not have the money, you probably have friends who believe in you” - Dr. Bender.

Stace is the owner of Trust Deep, a branding agency and evergreen North properties. Stacy has 20 years of investing experience and currently has four properties: a small apartment Building and syndication. Stace was involved in advertising in 20 years at the same time building a career in branding in advertising. Stace got interested in the real estate business when her mother started buying single family homes and renting them, Stace saw the profit potential and got interested in investing in the business as well. In today’s episode Stace will share how he started in the real estate business and how he faced the challenges along the way.    Stace Caseria Real Estate Background: Owner of Trust Deep, a branding agency and Evergreen North Properties 20 years of investing experience Currently has 4 properties, a small apartment building, & a syndication Based in Boston, MA Say hi to him at: www.trustdeepagency.com   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Mindset matters. Change your mindset. Don't pursue solely transactional relationships.” – Stace Caseria

Lars left a cushy corporate job to do real estate. One of the requirements of the job was having to travel a lot, and he couldn’t be a good husband and a dad doing that. In 2007, Lars got his real estate license, but he quickly realized that real estate wasn’t what he thought it was. He was hoping for flexibility and more free time with his family. Instead, he was facing the 70-hour workweeks again. Since marketing and lead generation was his favorite part of the job, he started looking for ways to restructure his business to fit his interests and life goals.   Lars Hedenborg Real Estate Background: Founder of Real Estate B-School; providing training and coaching to top producing agents and team leaders. He went from working 70 hrs a week to one day a week through his trial-and-error development of a system driven-business 13.5 years of real estate experience Lars has helped facilitate 4,000+ home purchases since 2007 Based in Charlotte, NC Say hi to him at: www.realestatebschool.com        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Just cause you could hand-write an envelope and stick a stamp on something, doesn’t mean that it’s the best use of your time” - Lars Hedenborg.

Lucas has been a real estate investor since January 2008. In 2017, he got into solar development. Lucas got interested in green energy for several reasons. First, he uses it to increase the cash flow of the property. Being able to take advantage of the tax credit is also nice, and the accelerated depreciation plan is very beneficial as well. And while ROI varies depending on the area’s energy and labor costs, he believes that green energy can add value to the property and help real estate investors increase their cash flow. Lucas Weismann  Real Estate Background:  President of Blue Mustang Investments 12 years of real estate investing experience Portfolio consists of 4 single family rentals, & a 24-Unit Apartment  Based in Denver, CO Say hi to him at: www.w-consulting-group.com  Best Ever Book: Miracle Morning       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Find a local mentor group” - Lucas Weismann.

Today Theo and Travis share the difference between the Capital Stack and Waterfall methods. It has a lot to do with risks, due diligence, and just being comfortable in what you’re investing in. But both are very crucial in the active and passive investing perspective. We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

In today's Syndication School episode, Theo Hicks shares his thoughts, insights, and analysis of the Yardi Matrix’s Bulletin for April 2021 about the markets that have fully recovered from the pandemic’s recession. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Rachel is a former financial advisor, and now a real estate investor with a portfolio of 40 doors. At 27 years of age. Rachel quit her job and retired with $15,000 a month in passive income. Rachel is also the author of two books, “money honey”, “passive income, aggressive retirement”. Rachel is passionate about helping young women, millenials and Gen Z. She combined her sales skills with her passion with finance but then she realized that she wanted to invest in real estate to set a goal for early retirement. In today’s episode she will share with us her transition from being a financial advisor to her $15,000 a month in passive income investment, she will share to us the details on how she started her journey and her goals on the way.   Rachel Richards Real Estate Background: Former financial advisor and real estate investor At 27 Rachel quit her job and retired with $15,000/month in passive income Author of 2 books; “Money Honey” and “Passive Income, aggressive retirement.” Portfolio consists of 40 doors Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Being good at something doesn't mean that you enjoy something, and I did not enjoy sitting in an office cold calling people all day long..” – Rachel Richards

Mark is a certified financial planner with over 10 years of experience assessing commercial real estate investors. Mark also helps real estate investors become their own source of financing. Mark dug deep into some strategies to become not just debt-free but correspondingly found a solution to build wealth, to help clients invest in real estate. Mark aims to create a more secure financial life by creating contracts to determine outcomes. Mark Willis Real Estate Background: Certified Financial planner and Bank on yourself professional Assessing CREI’s for 13+ years Helps CREIs become their own source of financing Based in Chicago, IL Say hi to him at: www.nyafinancialpodast.com     Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Know what you want your money doing for you, because if you don't do that, you'll end up chasing a lot of fancy, shiny objects. So ask yourself, sit down and make a little checklist..” – Mark Willis

Kris is the Founder and CEO of ArdorSEO, an Award-Winning Digital Growth Agency that directs traffic to your website. Enamored by his ego with his early success in the tech industry, Kris got a wake-up call when the global financial crisis happened—he lost his job, went back to Australia, and assessed what else he wanted to do in his life. As a business expert and tech enthusiast, he had always been interested in the framework that builds the massive global network called the internet, and today, Kris breaks down the discovery he found on unlocking the secrets of website traffic—that changed his life forever.   Kris Reid Real Estate Background:  Founder of Ardor SEO Business Growth Expert Developed a simple system to direct traffic to your website Based in Brisbane, Australia Summit coming soon: www.ardorseo.com/bestEver   Say hi to him at: www.ardorseo.com   Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Google looks at the whole internet as a big internal web; they can’t trust what you are saying at face value. They have to look at what everyone else is saying and how your content reflects that.” – Kris Reid

James shares a strategy to get in touch with sellers, to work directly with them, and get at a good price per door. Dylan explains where he buys his list, how he finds owner contact information, and how the conversation goes. Lastly, Cory goes into detail on the importance of creating the right marketing piece that addresses the owner’s pain point. He talks about tactics and provides a very unique twist on the direct mailer.   James Condasami Real Estate Background: Found two at the time of the interview off-market, apartment opportunities, one, 45 units, another 174 units. Dylan Borland Real Estate Background: He does differently that allows him to generate more off-market apartment leads.  Their firm does 106 and flips a year on the single-family side.  Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Once you do enough marketing, you build a relationship with them and they are able to trust you.”- James Condasami

Growing up, Chris didn’t have much, but his mom taught him to dream big. With her help, he opened a skateboard and snowboard shop when he was just 16. After the dot-com bubble crash, he got a job at Wall Street and soon became a top financial advisor. In 2006, Chris did his first flip and went on to do a few more deals until the Great Recession of 2008. At that moment, he had just purchased a dilapidated building and had his girlfriend move in with him. At the same time, he was just one mortgage payment away from bankruptcy. He experienced both wild successes and crashes throughout his career, and now he mentors others on wealth-building and the secrets of the rich. Chris Naugle  Real Estate Background: Co-founder and CEO of FlipOut Academy, The Money School, and Money Mentor 16 years of real estate investing experience Portfolio consists of 500+ real estate deals - flips, wholesales, rentals Based in Buffalo, NY Say hi to him at: www.chrisnaugle.com  Best Ever Book: Profit First       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Changing one thing, adding one step to your life changes everything” - Chris Naugle.

Today Theo and Travis will be sharing about investing in cash flow vs. equity gain. Theo and Travis discuss the pros and cons, as well as compare the two. 80% of people in the United States are probably in the mindset of investing for equity gains: the "buy low, sell high" mentality. The bigger picture is when your passive income streams exceed your lifestyle expenses, you have financial independence, time freedom. At the end of the day, you have flexibility. We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

In today’s Syndication School episode, Theo Hicks shares 6 Multifamily strategies that will succeed in the future. Greg Willet presented the six investing ideas and tactics to implement in 2021. The advice is mostly based on the reaction to the recession that occurred after the pandemic. The first tactic is to focus on the markets that outperformed the national average from a rental perspective. The second tactic, don’t bank on a flight to quality. The third tactic is to explore a low capital value add strategy. The fourth tactic is to test out new operational strategies to determine what works today because what works now most likely did not work before. The fifth tactic: focus on renewals to obtain high-quality residents. The last tactic is to make sure you’re focusing your assets of branding and marketing on lifestyle-related factors such as customer service, appearance, ease of living at the property, location, and less on the actual pricing factors. Listen to this episode to know more about these six strategies. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening, and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Ward is a dedicated and exemplary property owner who takes opportunities to the next level. He spent nine years working as a salesperson selling chemicals when he decided to put fate into his hands by building a business by acquiring a real-estate in bankruptcy. Ward started to take off from there up to the point where his commercial real-estate products reached almost half a million square feet! Through his patience, wisdom, and placing importance in relationship building, Ward sheds light on how he best utilized these opportunities.   Ward Schraeder Real Estate Background: Develops commercial properties; primarily medical facilities 35 years of real estate experience  Portfolio consists of 50,000 sq ft of medical office space, 50,000 sq ft of rental properties, 2,000 acres of land holdings, and flipped 18 commercial properties Based in Kansas City, KS Say hi to him at: www.wardschraeder.com Best Ever Book: “The Millionaire Next Door” by Thomas J. Stanley Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “My life has been mostly taking advantage of opportunities.” –Ward Schraeder

Matthew started his real estate journey at 16 when he purchased a two-family home with his grandmother’s money. Four years later, he bought another property that was a challenge to manage. That experience taught him a lot of lessons that he applied later in his career. With two other partners, he acquired a two-family house that he managed and renovated. After buying several more units, getting a construction license, and founding a property management agency, they were still looking for new opportunities. That’s when Matthew met a new investor and future partner who helped them take the business to a new level.   Matthew Tortoriello Real Estate Background: Full-time real estate investor and property manager 25+ years of real estate experience Portfolio consists of 250 units, flipped 100, & wholesaled over 200 Based in Springfield, Mass Say hi to him at: www.yellowbrick.org  Best Ever Book: Recession Proof RE Investing       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “Don’t focus on learning everything because you’ll never learn everything. You’ll learn a lot along the way” - Matthew Tortoriello.

In this #SkillsetSunday episode, Stace Caseria talks about the importance of trust. You can increase the trustworthiness of your brand by understanding its 4 fundamental parts. Stace describes how trust works for a real estate professional who’s looking to reach out to a new lead for the first time ever. He also talks about the ways to make a brand or a business sound authentic and how to market your services on a whole different level.   Stace Caseria Real Estate Background: Owner of Trust Deep, a branding agency and Evergreen North Properties 20 years of investing experience Currently has 4 properties, a small apartment building, & a passive investor in a syndication Based in Boston, MA Say hi to him at: www.trustdeepagency.com  Best Ever Book: The Speed of Trust        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “You can’t build trust with smoke and mirrors because eventually you’ll get caught” - Stace Caseria

Jonathan got his real estate start in a family fix-and-flip business. As he was growing up, family dinners resembled business meetings a lot. After the last recession, Jonathan decided to join it full-time since good jobs were hard to come by. Thanks to his deep involvement in the business, he had a chance to learn every facet of real estate. After separating from the fix-and-flip business, Jonathan and his brother started a new company focusing on multifamily buildings. Last November, he bought his first large multifamily unit in Kansas City, and this year he closed the deal on a 72-door house in Oklahoma City.  Jonathan Barr  Real Estate Background: Full time real estate investor 11 years of real estate experience Portfolio consists of 14 unit building, 72 unit building, a commercial property, and has been involved in 400+ flips Based in Los Angeles, CA Say hi to him at: www.JB2investments.com  Best Ever Book: Psychology of money        Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching  Best Ever Tweet: “Start bigger sooner” - Jonathan Barr.

John grew up in a blue-collar area just outside of Pittsburg; his family had coal miner and farmer roots. At the age of 24, John graduated college with $200k worth of student debt. By the age of 30, John had a wife and two kids to take care of, and the same student debt to pay off. Real estate turned it all around for him. His goal was to attain $20k in passive income, and he pursued it one house after another while having a full-time job as a chiropractor. Later he wrote a book called “The Wealthy Gardner” where he talked about winning financially and taught others life lessons on prosperity.   John Soforic Real Estate Background: Attained a net passive income of 20,000/month Now a full-time property manager and author 25 years of real estate experience Portfolio consists of 110 doors freely owned (no loans), and has flipped 75 properties while working full-time Based in Mount Pleasant, PA Say hi to him at: www.wealthygardener.com  Best Ever Book: The Checklist Manifesto       Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: “I stopped reading books that I liked. I stopped watching TV that I liked. You sacrifice.” - John Soforic.

Today Theo and Travis will be sharing experiences and stories about investing in syndications. They want to ensure no one ever wants to invest in syndications. It's good to give the alternative perspective because things aren't just black and white, or good or bad in terms of investing. There are people that make money doing a lot of different things. There's no perfect investment -- there are always risks. There is definitely a risk in communication and reporting of financials. We also have a Syndication School series about the “How To’s” of apartment syndications and be sure to download your FREE document by visiting SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching   

In today's Syndication School episode, Theo Hicks, shares five evolutionary ideas for your business. We are going to take advice from Joe Fairless, as he talks about  five lessons about things that you need to do once you have reached a certain size in your business which are, Number one is reduce your liability as a syndicator by hiring an in person compliance expert. Number two is set clear expectations and provide motivation for your team members,. Step number three, is to create a fund for better returns to your investors, Number four is to focus on your investing business, by hiring other people to maintain and grow your thought leadership platform. number five is how to overcome that success paradox which is to find three trusted colleagues to provide you with honest feedback. Let’s listen to this episode for these 5 lessons. To listen to other Syndication School series about the “How To’s” of apartment syndications and to download your FREE document, visit SyndicationSchool.com. Thank you for listening and I will talk to you tomorrow. Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching 

Terry is the author of the Wiley publication "The Encyclopedia of Commercial Real Estate Advice." Since 1997, he has been the chairman of Apartment Loan Store and Business Loan Store, two mortgage banking companies specializing in commercial loans in all 50 states. He has worked as a top producer for Lasalle Bank and Lehman Brothers, and he is well-known for his excellent investment consultations and strategies. Terry has been speaking about commercial real estate investing and lending to commercial real estate investor groups and real estate experts worldwide for the past 18 years. In today's episode, Terry will be going into details about the ways to find investors in real estate.   Terry Painter Real Estate Background: President and founder of Apartment and Business Loan Store Owned real estate investments for over 40 years Portfolio consist of 2 rentals and currently seeking multifamily properties Based in Portland, OR Say hi to him at: www.apartmentloanstore.com  Best Ever Book: "The Encyclopedia of Commercial Real Estate Advice" Click here to know more about our sponsors RealEstateAccounting.co thinkmultifamily.com/coaching    Best Ever Tweet: "Don't talk about what-ifs. Talk about it from what you've either done in the past or what you plan to do." – Terry Painter