Podcasts about reit

Darrell Crate, CEO of Easterly Govt. Properties (DEA), walks through the key takeaways from their 3Q25. He notes their 8% dividend and “steady growth,” calling the REIT an “anchor in the storm.” He thinks the stock has been unfairly punished by fears around DOGE and the government shutdown, but thinks things will balance out again. “We have billions of dollars of rent” from the U.S. government every year. “Our leases are very long term.”======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Singapore shares dipped today as investors focused on a high profile meeting between US President Donald Trump and Chinese leader Xi Jinping in South Korea. The Straits Times Index was down 0.21% at 4,430.67 points at 11.46am Singapore time, with a value turnover of S$717.13M seen in the broader market. In terms of counters to watch, we have Mapletree Industrial Trust, after the Reit reported a distribution per unit (DPU) of S$0.0318 for the second fiscal quarter ended Sep 30, 2025. Elsewhere, from the Federal Reserve cutting interest rates by a quarter of a percentage point as expected, to US big tech earnings from Meta, Microsoft and Alphabet, more international and corporate headlines remained in focus. Also on deck – the Bank of Japan’s rate decision, the meeting between US President Donald Trump and Chinese leader Xi Jinping and Nvidia’s US$5 trillion market valuation. Plus, how OpenAI is reportedly laying the groundwork for an initial public offering that could value the firm at up to US$1 trillion. On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital. See omnystudio.com/listener for privacy information.

Make your money work while you sleep. In this episode, Andrew Nida and Moise Piram from Asset Management Group, Inc. walk through five practical passive income ideas for high earners. We cover dividend growth investing, covered call strategies, real estate options, private income opportunities for accredited investors, and tax advantaged vehicles that can help keep more of what you earn. Expect clear frameworks, simple math, and guardrails so you can decide what fits your plan.What you will learn• How dividend income and covered call ETFs can support cash flow for high earners• Real estate choices, direct ownership, syndications, and REITs, plus where taxes may be reduced• Business ownership as a semi passive cash flow source once systems are in place• Private credit and other alternative income funds for accredited investors, including distribution mechanics• Tax advantaged tools such as municipal bonds and Roth strategies that can reduce your tax drag• A sample high earner passive income blueprint to think through allocation and riskChaptersHook and setupDividends and covered callsReal estate income and tax considerationsBusiness ownership and equity cash flowPrivate investments and income distribution typesTax advantaged vehicles to lower tax dragPutting the blueprint togetherKey takeaways and next stepsFollow us onX.com: https://x.com/AMGinc_ATLInstagram: https://www.instagram.com/assetmanagementgroupinc/LinkedIn: https://www.linkedin.com/company/amgincatl/Facebook : https://www.facebook.com/beyondtomorrowpodcastWebsite: https://www.assetmg-inc.com/YouTube: https://www.youtube.com/@assetmanagementgroupincTikTok : https://www.tiktok.com/@assetmanagementgroupincBlog: https://www.assetmg-inc.com/blogDisclosureEducational content only. Not tax, legal, or investment advice. Tax laws can change. Consult your CPA or advisor about your specific situation.Asset Management Group Inc, Andrew Nida, Moise Piram, passive income, dividend investing, covered call ETFs, JEPI, QYLD, XYLD, real estate investing, REITs, rental property, syndications, private credit, accredited investor, tax advantaged investing, municipal bonds, Roth IRA strategy, retirement income, high earner strategies, wealth management, financial planning, portfolio income, business ownership, franchise investing, cash flow, Atlanta financial advisor, fiduciary advisor, tax strategyYouTube Keywordspassive income for high earners, dividend growth strategy, covered call income, real estate cash flow, REIT dividends, private credit funds, accredited investor income, municipal bond tax free income, Roth IRA for high earners, backdoor Roth strategy, defined benefit plan for business owners, portfolio income planning, retirement income blueprint, tax efficient investing, wealth preservation strategies#PassiveIncome#DividendInvesting#CoveredCalls#RealEstateInvesting#REITs#CashFlow#HighEarners#WealthManagement#TaxPlanning#FinancialFreedom#RothIRA#AccreditedInvestor#PrivateCredit#EstatePlanning#RetirementIncome#InvestingTips#ETFInvesting#IncomeInvesting#BusinessOwnership#Franchise#Syndications#MunicipalBonds#BackdoorRoth#DefinedBenefitPlan#PortfolioStrategy#FinancialEducation#Atlanta#PodcastAsset Management Group,passive income ideas,passive income,how to,financial planning,how to earn money online,how to make money,how to make money online,Earn Money,earn money online,how to get rich,personal finance,Entrepreneurship,make money online,Stock Market,work from home,real estate,Online Business,Real Estate Investing,Financial Freedom,ali abdaal,youtube automation,mark tilbury,business ideas,investing,investing for beginners,ali abdal

Singapore shares dipped today even as most Asian markets traded in the green. The Straits Times Index was down 0.34% at 4,435.25 points at 12.10pm Singapore time, with a value turnover of S$521.12M seen in the broader market. In terms of counters to watch, we have Keppel REIT, after the manager of the Reit posted a 0.6 per cent lower distributable income of S$159.6 million for the first nine months of its financial year. Elsewhere, from Toyota Motor’s comments that it did not explicitly promise a new US$10 billion investment in the United States, to one last look at the expectations ahead of the US Federal Reserve’s next monetary policy move, more corporate and international headlines remained in focus. Plus – how Amazon is setting aside another US$5 billion for investment in South Korean data centres. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.See omnystudio.com/listener for privacy information.

Singapore shares moved higher today even as most Asian markets traded lower. The Straits Times Index was up 0.4% at 4,458.06 points at 2.35pm Singapore time, with a value turnover of S$1.03B seen in the broader market. In terms of counters to watch, we have Keppel Pacific Oak US Reit, after the US office-focused Reit posted distributable income of US$30.4 million for the third quarter ended Sep 30, down 14.8 per cent from US$35.7 million in the previous corresponding period. Elsewhere, from how Japanese Prime Minister Sanae Takaichi and US President Donald Trump today signed a framework agreement for securing the supply of rare earths and what this means for US-China trade ahead of Trump’s meeting with Chinese President Xi Jinping, to how Amazon is reportedly planning to cut as many as 30,000 corporate jobs beginning today, more international and corporate headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Dealing Manager from Moomoo Singapore.See omnystudio.com/listener for privacy information.

Welcome back to "The Tax Blueprint: Structuring Funds, Joint Ventures, and REITs." In the third episode of our three-part series, hosts Saba Ashraf, Aresh Homayoun, and Tom Phelan explore the advantages that may be offered to foreign investors in U.S. real estate funds by using REITs.This episode discusses how REITs can be utilized to minimize U.S. tax return filing obligations and tax liabilities for foreign investors. Saba, Aresh, and Tom discuss a side-by-side comparison of the results of using a C-corporation blocker by the fund and a REIT blocker by the fund.Stay tuned for upcoming series covering structuring by funds and GPs to ensure maximum utilization of Section 1202, characterization of preferred equity investments, management fee waivers, management compensation structuring, and other topics of interest. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

James Davidson, Houston-based capital markets partner in the REIT practice at Hogan Lovells, was a guest on the latest episode of the REIT Report podcast. He discussed the recent Fermi Inc. IPO and its implications for the REIT industry, particularly in the context of the energy and infrastructure assets that are needed to fuel the buildout of AI technology.“The way to think about Fermi is that it's a mainstream attempt to finance the physical side of artificial intelligence with a REIT wrapper…that is highly investable to the broadest set of investors,” Davidson said. He discussed the evolving role of infrastructure in the REIT space, the potential for strong foreign capital investment, and the challenges faced in integrating energy and infrastructure assets into the REIT model. 

In this episode of The Restaurant Boiler Room, Managing Director Rick Ormsby is joined by Chris Lomuto from Northmarq to discuss the 2025 real estate market for M&A franchise sales. Topics of discussion will include: 1. Supply and demand of franchise real estate now 2. Cap rate trends, pricing, days on market 3. 1031 market vs REIT buyers 4. How is financing getting done? 5. Macroeconomic real estate perspectives 6. Sector and geographical pricing analysis

Absolutely — here's the same title and description with a concise, professional disclaimer added: Selling in a choppy market? Jamison breaks down the three big exit paths for multifamily owners: an all-cash sale (and the tax hit), a 1031 exchange into another property, and a Section 721 UPREIT into a REIT—plus where a DST (Delaware Statutory Trust) fits. We compare tax deferral, control, fees, estate planning, and flexibility (including NV REIT's semi-liquidity), and outline who each option is best for—from long-time owners “graying out” with low debt to operators still scaling. Bottom line: With a bit of planning before you list, you can potentially save millions in taxes and simplify your life. What we cover: When a straight cash sale still makes sense—and its tax cost 1031 rules, timelines, “like-kind,” and when to level up into larger assets 721 UPREIT: rolling into REIT units for diversification, dividends, and estate simplicity DSTs: why some choose them, typical fee trade-offs, and liquidity constraints How to match your exit to goals: taxes, heirs, control, and hassle factor ⚠️ Disclaimer: This discussion is for informational purposes only and is not tax or investment advice. Always consult a qualified tax professional or financial advisor before making any decisions related to 1031 exchanges, UPREITs, or DSTs.  

In this episode we discuss YouGov, Croda, Tritax Big Box REIT, Whitbread, Ibstock & ASML$you $crda $bbox $wtb $ibst $asml#you #crda #bbox #wtb #ibst #asml

Wall Street started the new trading week in positive territory as investors looked toward a potential end to the government shutdown now in its 3rd week, and as Apple shares boosted tech stocks following an upgrade to a buy rating from Loop Capital. The Dow Jones rose 1.12%, the S&P 500 also climbed 1.07% and the Nasdaq ended the day up 1.37%.In Europe overnight markets closed mostly higher as defence stocks drove gains in the region. The STOXX 600 gained 1%, Germany's DAX added 1.9%, the French CAC climbed 0.4% and, in the UK, the FTSE100 ended the day up 0.5%.Across the Asia markets on Monday, it was a positive session as key economic data out in the region boosted investor sentiment. Japan's Nikkei rose 3.37% to a fresh record high, while China's CSI index added 0.53%, Hong Kong's Hang Seng climbed 2.52% and South Korea's Kospi index ended the day up 1.76%.China's Q3 GDP data out yesterday weighed on investor sentiment with the reading coming in at expansion of 1.1% over the September quarter, which exceeded analysts' expectations of 0.8% expansion, and over the 12-months to September the Chinese economy expanded 4.8% which met forecasts, signalling a material rebound in economic recovery post pandemic is potentially finally underway.The local market started the new trading week lower early on Monday before turning positive to post a 0.4% rise at the closing bell led by a rally for financials and REIT stocks on Monday.Neuren (ASX:NEU) shares took off yesterday with a gain over 4% after the pharmaceutical company announced it has received US FDA Fast Track Designation for its drug candidate NNZ-2591 for the treatment of Phelan-McDermid syndrome. Currently, there are no FDA-approved treatments for Phelan-McDermid syndrome which places Neuren at the forefront of care for this condition when the drug reaches commercialisation.Vehicle parts provider Bapcor (ASX:BAP) tumbled over 17.5% on Monday after the company reported a profit downgrade and disclosed a $12m pre-tax earnings hit due to challenging operating practices in its trade division.Deep Yellow (ASX:DYL) also dived over 18% after the uranium company announced the immediate exit of its Chief Executive, John Borshoff, and will be replaced by the company's CFO, Craig Barnes as acting CEO until a permanent appointment is made. What to watch today:On the commodities front this morning oil is trading 0.3% lower at US$57.47/barrel, gold is back in record territory with another gain of 2.72% to trade at US$4365.85/ounce and iron ore is down 0.2% at 105.35/ounce.The Aussie dollar has strengthened against the greenback to buy 65.16 U.S. cents, 98.18 Japanese yen, 48.5 British pence and 1 New Zealand dollar and 13 cents.Ahead of Tuesday's trading session the SPI futures are anticipating the ASX will open the day up 0.5%. Trading ideas:Bell Potter has reduced the 12-month price target on Beach Energy (ASX:BPT) from $1.25 to $1.10 and maintain a hold rating on the energy exploration and development company. The price target was decreased despite strong quarterly results because the medium-term earnings outlook worsened, with the analyst reducing EPS forecasts in FY27 (-18%) and FY28 (-9%) due to factors like unsuccessful exploration (e.g., Hercules-1) and ongoing high capex. The Hold rating was maintained as near-term production is steady and cash flow is expected to improve, but the longer-term growth and returns remain uncertain.And Bell Potter has initiated coverage of Austco Healthcare (ASX:AHC) with a buy rating and a 12-month price target of 55cps. AHC manufactures sophisticated nurse call systems, enterprise reporting and analytics tools, for the purpose of improving patient outcomes and reducing cost for healthcare organisations. AHC is rated a Buy by Bell Potter's analyst due to its strong revenue and earnings growth, underpin

Get the Midterm Rental Insurance Blueprint: https://experimentrealestate.com/#blueprintIn this powerful episode of In The Lab, Ruben sits down with August Biniaz, Co-Founder and Chief Investment Officer at CPI Capital, to unpack how he went from building homes in Canada to managing large-scale U.S. multifamily funds. August shares his journey from being a general contractor and developer to launching CPI Capital, a cross-border real estate private equity firm that bridges Canadian capital with U.S. opportunities.He breaks down the real roadmap for scaling in real estate—starting from joint ventures, to syndications, closed-end and open-ended funds with the road to ultimately launching a REIT. August also highlights why CPI shifted focus to U.S. markets like Tampa Bay and San Antonio, where rent control, entitlement speed, and yields outperform Canadian markets.Listeners will gain deep insights into capital raising, fund structuring, investor relations, and how credibility and reputation equity become key leverage points when scaling to institutional investors. Tune in now to learn how August's strategic evolution from builder to fund manager can help you structure smarter, scale faster, and raise with confidence.HIGHLIGHTS OF THE EPISODE:16:12 August talks about syndication21:48 August talks about progression from joint ventures to syndicationsKEEPING IT REAL:09:01 – Private equity structure explained17:12 – Syndications vs. funds overview20:45 – Managing investor expectations28:08 – The pivotal land assembly deal31:04 – Structuring partnerships and equity35:01 – Why U.S. over Canada45:01 – Launching CPI Capital51:03 – Navigating cross-border challenges55:21 – Entitlement timelines and delays59:09 – Partnering with experienced operators1:01:02 – Market focus: Tampa and San Antonio1:02:09 – Build-to-rent explained1:05:17 – Duplex strategy and investor returns1:07:01 – Raising from retail to institutions1:08:01 – The 30,000-door vision1:13:18 – From syndication to REITs1:16:02 – Final thoughtsCONNECT WITH THE GUESTWebsite: https://cpicapital.ca/LinkedIn: https://www.linkedin.com/in/augustbiniaz/#RealEstateInvesting #Syndication #REIT #PrivateEquity #Multifamily #BuildToRent #CommercialRealEstate #InstitutionalCapital #FundManagement #WealthBuilding #CrossBorderInvesting #CapitalRaising #FinancialStrategy

* Ep 51 How to Be a Landlord Without the Hassle: A Look at My REIT Investments * Ep 51 Investing in Real Estate: My Strategy and Portfolio ReviewPromotional Post:Looking for a way to invest in real estate without the headache of being a landlord? In this video, I'm sharing my September 2025 investment portfolio update, focusing on how I use Real Estate Investment Trusts (REITs) to earn passive income. Join me as I break down the performance of top REITs like American Tower, Prologis, and Realty Income Corporation, and reveal which ones I'm bullish on. Plus, get an inside look at the dividends I've received and reinvested from my other portfolio holdings.Timestamps: * 00:00:32: Investment portfolio update and introduction to REITs. * 00:01:13: Deep dive into American Tower (AMT). * 00:03:33: A look at Apple Hospitality REIT (APLE). * 00:04:46: Analysis of Essex Properties (ESS). * 00:05:39: Global leader Prologis (PLD) overview. * 00:07:06: The monthly dividend company, Realty Income Corporation (O). * 00:09:04: Review of Welltower (WELL), a healthcare REIT. * 00:12:32: Dividends received from other stocks like Target, Kroger, and Starbucks.Hashtags:#REITs #RealEstateInvesting #PassiveIncome #Dividends #Investing #StockMarket #InvestmentPortfolio #AmericanTower #Prologis #RealtyIncome #FinancialLiteracy #PersonalFinancehttps://youtu.be/Uz40K0tDz60

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. In this episode of the Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk sit down with Jason Parravano, President and CEO of Plaza Retail REIT, to explore how non-discretionary retail, demographic shifts, and disciplined capital strategies are fuelling growth. From succession planning... The post Why Retail Spaces are a Great Bet Today: Insights from Jason Parravano, President and CEO of Plaza Retail REIT appeared first on Commercial Real Estate Podcast.

In this conversation, Brian Rubin discusses the key issues and priorities facing REIT boards today, including economic uncertainty, regulatory compliance, and the need for technology fluency. He emphasizes the evolving skills required for board members, strategies for effective governance, and the role of AI in enhancing board operations. The discussion highlights the importance of continuous improvement in governance practices to adapt to changing risks and opportunities in the real estate sector.

The markets reacted well to the unemployment news, with the REIT sector leading the charge on hopes of a lower-rate era. MARKET WRAP: ASX200: up 0.86% to 9,068 GOLD: $4,233 US/oz BITCOIN: $170,198 CURRENCY UPDATE: AUD/USD: 65.1 US cents AUD/GBP: 48.5 British pence AUD/EUR: 55 Euro cents AUD/JPY: 98 Yen AUD/NZD: 1.13 NZ dollars See omnystudio.com/listener for privacy information.

This week we shine a light on REITs in the U.K. Two London-based experts discuss what's driving deal flow, investment strategies and long-term returns, especially in logistics, retail and hospitality.· Triple-net REITs in the U.K. offer predictable income and resilience through market cycles.· Urban logistics and convenience retail are leading sectors, driven by consumer behavior and e-commerce demand.· Sub–£20-million lot sizes are drawing interest from family offices and regional investors focused on low-debt, high-efficiency deals.· M&A is accelerating REIT scale and relevance, enabling cost synergies, dividend growth and greater appeal to global capital.· Interest rate spreads and swap differentials can make U.K. real estate increasingly competitive against European and U.S. markets.

In this episode of Leaning In, host Terry Montesi sits down with Conor Flynn, CEO of Kimco Realty, for an in-depth discussion about the evolution of retail real estate, the future of mixed-use development, and the trends shaping consumer behavior. Conor shares lessons from his two decades at Kimco, detailing the company's strategic shift toward grocery-anchored shopping centers, its multifamily expansion efforts, and the advantages of scale in today's REIT landscape. The conversation also explores how technology, capital markets, and macroeconomic uncertainty are influencing decisions across the retail and development sectors.They discuss:• Lessons learned from a career built within Kimco Realty• How grocery-anchored centers became the foundation of Kimco's portfolio• The company's multifamily strategy and use of joint venture partnerships• Navigating today's capital markets and managing risk amid uncertainty• Emerging retail trends, from off-price and grocery to health and wellness• How technology and consumer behavior will shape the next generation of shopping centersLinks: Trademark PropertyTerry on LinkedInKimco RealtyConor on LinkedInTopics: (00:00:00) - Intro(00:01:13) - Connor Flynn's journey at Kimco(00:04:09) - Lessons learned in real estate(00:07:44) - Kimco's strategic position and mission(00:15:03) - Multifamily expansion and redevelopment(00:18:07) - Navigating economic uncertainty(00:26:10) - Building for a 300 spread(00:26:30) - Navigating uncertainty in development(00:27:50) - Institutional partnerships and success stories(00:29:29) - Retailer categories and trends(00:30:51) - Grocery anchors and leasing strategies(00:39:04) - National vs. local tenants(00:40:42) - Future of retail real estate(00:45:13) - Advice for young professionals(00:46:57) - Conclusion and final thoughts

What do hedge fund managers think is going to cause a stock market crash? Find out on this week's PlayingFTSE Show!All change this week – Steve W creeps back towards being average as Steve D's portfolio has an off week. But why's it a bad week to be Welsh?The stock market is definitely going to crash, the only questions are when and why? One candidate is a bursting AI bubble, which is what Steve D's been looking at.Steve W's been looking at the latest data from Bank of America for ideas. Hedge funds are leaning towards inflation as the concern, but this was before Friday's tariff news…REITs are often popular with dividend investors and Steve W's been looking at AEW – one we haven't talked about before. It's got a 7.5% yield, but that's not what he's interested in.Unlike most REITs, the firm has a growth strategy based on short-term lease renewals. It's been working, too, so is this one for the passive income buy list?Steve D's been looking at Grainger, the UK's largest owner of private rental houses. For anyone that's ever wanted to make money in buy-to-lets, this could be worth a look.The firm is transitioning towards becoming a REIT. And the longer it takes consecutive governments to increase housebuilding, the more rental demand there should be.FTSE 250 pub chain JD Wetherspoon has released its full-year results and the stock is down. But Steve W doesn't think they were at all bad with growing sales and steady margins.Steve D thinks some cracks are starting to show, though. So should the company really be paying a dividend and buying back shares while increasing its net debt during the year?Only on this week's PlayingFTSE Podcast! ► Get a free fractional share!This show is sponsored by Trading 212! To get free fractional shares worth up to 100 EUR / GBP, you can open an account with Trading 212 through this link https://www.trading212.com/Jdsfj/FTSE. Terms apply.When investing, your capital is at risk and you may get back less than invested.Past performance doesn't guarantee future results.► Get 15% OFF Fiscal.ai:Huge thanks to our sponsor, Fiscal.ai, the best investing toolkit we've discovered! Get 15% off your subscription with code below and unlock powerful tools to analyze stocks, discover hidden gems, and build income streams. Check them out at Fiscal.ai!https://fiscal.ai/?via=steve► Follow Us On Substack:Sign up for our Substack and get light-hearted, info-packed discussions on everything from market trends and investing psychology to deep dives into different asset classes. We'll analyze what makes the best investors tick and share insights that challenge your thinking while keeping things engaging.Don't miss out! Sign up today and start your journey with us.https://playingftse.substack.com/► Support the show:Appreciate the show and want to offer your support? You could always buy us a coffee at: https://ko-fi.com/playingftse(All proceeds reinvested into the show and not to coffee!)► Timestamps:0:00 INTRO & OUR WEEKS8:50 CRASH INCOMING29:11 AEW UK REIT44:17 GRAINGER1:00:29 SPOONS► Show Notes:What's been going on in the financial world and why should anyone care? Find out as we dive into the latest news and try to figure out what any of it means. We talk about stocks, markets, politics, and loads of other things in a way that's accessible, light-hearted and (we hope) entertaining. For the people who know nothing, by the people who know even less. Enjoy► Wanna get in contact?Got a question for us? Drop it in the comments below or reach out to us on Instagram: https://www.instagram.com/playing_ftse/► Enquiries: Please email - playingftsepodcast@gmail(dot)com► Disclaimer: This information is for entertainment purposes only and does not constitute financial advice. Always consult with a qualified financial professional before making any investment decisions.

Stabile Erträge und eine klare Dividendenstrategie mit Immobilien – das ist das Leitbild der Hamborner REIT AG. Als einer der wenigen REITs in Deutschland konzentriert sich das Unternehmen auf Büro- und Retail-Immobilien mit langfristigem Ertragspotenzial. In dieser Folge von „Smart Investieren“ sprechen wir mit Niclas Karoff, CEO der Hamborner REIT AG, über die aktuelle Marktsituation, die strategische Weiterentwicklung des Portfolios und die Bedeutung einer stabilen Dividendenpolitik. Wie könnte es gelingen, in einem anspruchsvollen Immobilienumfeld Wachstum und Stabilität in Einklang zu bringen? Wir wünschen Ihnen viel Freude beim Zuhören und freuen uns auf Ihr Feedback!

ในยุคที่ดอกเบี้ยกำลังปรับตัวลง และเศรษฐกิจยังคงผันผวน หลายคนกำลังมองหาการลงทุนที่สร้าง Passive Income ที่มีความเสี่ยงไม่สูงมากนัก แต่ยังคงให้ผลตอบแทนสม่ำเสมอ . REIT หรือทรัสต์เพื่อการลงทุนในอสังหาริมทรัพย์ กำลังเป็นทางเลือกที่นักลงทุนให้ความสนใจมากขึ้น มีไว้ในพอร์ตเพื่อบริหารความเสี่ยง REIT ถือเป็นการลงทุนในอสังหาริมทรัพย์รูปแบบหนึ่ง ที่มาในรูปแบบของหน่วยทรัสต์ ที่นักลงทุนไม่ต้องมีเงินลงทุนหลักแสนหลักล้านก็สามารถลงทุนเป็นเจ้าของได้ และให้ผลตอบแทนเป็นเงินปันผลที่สม่ำเสมอ เป็น Passive Income ที่มาต่อเนื่อง แต่ปัญหาคือ หลายคนยังไม่รู้จัก REIT และไม่รู้ว่าควรเลือกลงทุนใน REIT อย่างไร หากสนใจลงทุนจะดูที่อะไร? ทำไมบาง REIT ถึงจ่ายปันผลได้สูงและสม่ำเสมอ ในขณะที่บาง REIT มีผลตอบแทนที่แตกต่างกันออกไป? . Money Manual EP.15 นี้ เราได้เชิญคุณอรอนงค์ ชัยธง ประธานเจ้าหน้าที่บริหาร บริษัท พรอสเพค รีท แมเนจเมนท์ จำกัด ผู้จัดการกองทรัสต์ PROSPECT REIT มาเปิดเผยแง่มุมของ Passive Income ผ่านการลงทุนใน REIT ทางเลือกการลงทุนระยะยาว ใครที่กำลังมองหาทางสร้างรายได้ Passive Income แบบไม่ต้องมีเงินลงทุนสูง ห้ามพลาดตอนนี้! . รายละเอียดเพิ่มเติม www.prospectrm.com  . . #PROSPECTREIT #MoneyManual #NamFinance #missiontothemoon

Luis Belmonte is a founding partner of Seven Hills Properties and one of the original executives behind AMB Property Corporation, now known as Prologis—the world's largest industrial REIT. Over his expansive career, Luis has developed more than 18 million square feet of warehouse space across the U.S., Mexico, Japan, and Singapore. A Navy veteran, industry thought leader, and author of several real estate books, Luis brings a unique blend of grit, global experience, and wisdom that only decades in the trenches can produce.   In this episode of the Massive Passive Cashflow Podcast, Luis shares the defining moments that shaped his career—from post-Vietnam beginnings and navigating one of the largest bankruptcies in U.S. history, to becoming a pioneer in industrial development and launching his own firm focused on low-income housing and neighborhood retail. With candor and humor, Luis walks us through what really works in real estate, the lessons learned from scars earned, and how to position yourself to thrive—especially during downturns.   What You Will Learn:   Who is Luis Belmonte, and how did he go from finishing rehab jobs for friends to becoming a top U.S. developer? The strategy behind scaling 18 million square feet of industrial development across multiple countries How Luis navigated one of the largest real estate bankruptcies in U.S. history—and came out wiser Why Seven Hills Properties was built to own and operate deals, not just chase capital The Walgreens playbook: how they built and sold 30 drugstores to create long-term equity How to survive and thrive through seven recessions by building for resilience What investors and developers need to understand about political influence in low-income housing Links & Resources:   Email: LBelmonte@7hp.com Website: http://www.7hp.com/ Phone Number: (415) 845-2199   Books by Luis Belmonte: Street Dog Manager:  https://a.co/d/4WQ0yOz Street Dog MBA: https://a.co/b4hJQ8K Street Dog Negotiator: https://a.co/hIQat3M   Attention Investors and Agents: Are you looking to grow your business? Need to connect with aggressive, like-minded people like yourself? We have the tools, knowledge, and coaching to help you thrive and positively impact your bottom line.

Welcome back to "The Tax Blueprint: Structuring Funds, Joint Ventures, and REITs." In the second episode of our three-part series, hosts Saba Ashraf, Aresh Homayoun, and Tom Phelan explore the unique advantages real estate funds can offer to tax-exempt investors – including pension plans, university endowments, private foundations, and IRAs.This episode discusses key strategies for tax-exempt investors to maximize their returns, including the use of REITs as a "blocker" to avoid UBTI, the implications of debt-financed income, and the nuances of the fractions rule.Stay tuned for upcoming episodes which will cover the advantages of REITs for foreign investors in funds. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On this week's episode of Passive Income Playbook, Pascal Wagner interviews Peter Sack. They dig into why Chicago Atlantic targets underserved private credit niches, especially state-by-state cannabis lending where limited competition can mean first-lien structures at lower leverage with mid-teens to ~20% returns, plus classic lender protections. Peter explains how regulatory moats, disciplined underwriting, and downside focus beat “sexy” equity stories, and how potential legalization would likely trigger refinancings, prepayment fees, and warrant upside rather than harm. They also compare private funds to public options through Chicago Atlantic's BDC and mortgage REIT tickers, LIEN and REFI, and outline what LPs should evaluate in credit managers from lien position to non-accruals and third-party administration. Peter SackCurrent role: Managing Partner, Chicago AtlanticBased in: Miami, FloridaSay hi to them at: https://www.chicagoatlantic.com/ | LinkedIn | investors@chicagoatlantic.com This is a limited time offer, so head over to aspenfunds.us/bestever to download the investor deck—or grab their quick-start guide if you're brand new to oil and gas investing. Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Podcast production done by ⁠Outlier Audio⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to the CRE podcast. 100% Canadian, 100% commercial real estate. In this episode of the Commercial Real Estate Podcast, hosts Aaron Cameron and Adam Powadiuk welcome Mike Brady, President of Northwest Healthcare Properties REIT, for a deep dive into the rapidly evolving healthcare real estate sector. From the transformation of medical office buildings into... The post Building the Future of Healthcare Real Estate with Mike Brady, President of Northwest Healthcare Properties REIT appeared first on Commercial Real Estate Podcast.

Victor Coleman, chairman and CEO of Hudson Pacific Properties, Inc. (NYSE: HPP), joined the latest episode of the REIT Report podcast. He discussed the unique positioning of Hudson Pacific in the REIT sector, with its focus on marquee office and studio properties for tech and media tenants.Coleman shared insights on current trends in the West Coast office market, the impact of AI on real estate, innovative leasing strategies, the effects of new tax incentives on studio demand in California and New York, and the financial improvements Hudson Pacific has made to ensure future growth. During the interview, Coleman observed that West Coast office fundamentals are “absolutely improving,” led by San Francisco, which he described as the “epicenter of AI.” Public safety initiatives in the city have also led to an increase in investment, he noted. 

David Auerbach, Chief Investment Office at Hoya Capital, explains the potential of REITs and how they can fit into an investor's overall portfolio.The Crexi Podcast connects CRE professionals with industry insights built for smart decision-making. In each episode, we explore the latest trends, innovations and opportunities shaping commercial real estate, because we believe knowledge should move at the speed of ambition and every conversation should empower professionals to act with greater clarity and confidence.  In this episode of The Crexi Podcast, host Shanti Ryle, Director of Content Marketing at Crexi, sits down as David shares insights from  over 25 years of experience in the REIT industry. The conversation explores the evolution of REITs, and the essential role of rent in investment decisions. David also highlights the importance of dividends, REITs' resilience through market cycles, and the impact of technology on the industry. The episode explores the fundamentals of REITs, their significance for investors, and how Hoya Capital approaches its ETF strategy. Listeners gain a wealth of knowledge about the opportunities within the REIT space and what the future holds for commercial real estate investments.Meet David Auerbach: A REIT Industry VeteranDavid's Journey into the REIT SpaceEarly Career Challenges and LessonsThe Evolution of the REIT SectorBuilding Relationships and Trust in TradingThe Role of Technology and Social Media in TradingThe Importance of Compliance and CommunicationUnderstanding REIT Fundamentals and Market CyclesThe Impact of Technology on REITsObserving REIT Properties in Real TimeThe Critical Role of Rent in REIT ValuationsUnderstanding Lease Types and Rental Income StreamsThe Rise and Fall of Apartment NOI GrowthChallenges in Growing Rent with High OccupancyThe Importance of Market Rent KnowledgeThe Role of Technology in Real EstateSpecialization in Real Estate BrokerageThe Value of Deep Market KnowledgeData Sources for Different Real Estate SectorsThe Importance of Dividends in REITs  About David Auerbach:David Auerbach has been in the REIT industry for almost 25 years and was most recently the former managing director of Armada ETF Advisors. He is the publisher of “The Daily REITBeat Newsletter”, a widely-followed industry publication that covers the publicly-traded REIT sector and is also a consultant with IR Concierge, LLC which is focused on corporate access in the REIT industry. David spent time working with World Equity Group in institutional securities trading and in December 2018, he departed Esposito Securities after 6½ years where he helped to build out the REIT/Real Estate platform with institutional investors and Equity REITs plus worked with ETF issuers on seeding, relationship building, and order execution.Prior to joining Esposito Securities, David spent 11 years at Green Street Advisors as a Vice President of Institutional Trading handling REIT order execution and sales trading on behalf of institutional clients, hedge funds, pension funds, and other investors.  Before that, he worked at Financial Marketplace Inc. for 2 years as a retail investment adviser.  He has been quoted by Bloomberg, WSJ, Financial Times, REIT.com, and GlobeSt.com among countless other real estate publications and has been a featured guest on such networks as Yahoo Finance, TD Ameritrade and Bloomberg TV.   For show notes, past guests, and more CRE content, please check out Crexi's blog.Looking to stay ahead in commercial real estate? Visit Crexi to explore properties, analyze markets, and connect with opportunities nationwide. Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexi

Pharma stocks plunge as Trump’s 100% tariffs send shockwaves across Asia. Hosted by Michelle Martin, we break down the impact on Singapore’s $4 billion pharma exports, Sumitomo Pharma, CSL, and more. Are these tariffs a short-term blow or a long-term reset for Asian healthcare investments? Plus, we spotlight Mapletree’s three Singapore REITs - Logistics, Industrial, and Pan-Asia Commercial - amid expected rate cuts. Which one offers the best dividend yield and growth potential? Dividend Titan’s Willie Keng shares his strategy for navigating healthcare risks and REIT opportunities. See omnystudio.com/listener for privacy information.

Bill Hughes, managing director, liquid strategies at Digital Bridge Investment Management, joined the latest episode of the REIT Report podcast. He discussed opportunities in listed real estate and REITs for institutional investors, the impact of liquidity on market dynamics, the importance of strategic portfolio construction in relation to interest rates, and more.Hughes noted that now is an “interesting time” for institutional investors to be thinking about their allocation to public real estate, where a number of higher quality assets are trading at material discounts to private market values. He described the public markets as having “a decent number of mispriced and interesting” investments available right now.During the interview he also noted that for DigitalBridge, focusing capital into “idiosyncratic stories within a fairly rich and diverse opportunity set that is the REIT market” provides its investors with exposure to investments that are significantly different from what they can find in the private markets or in a market cap weighted index.

Send us a textThe Federal Reserve just cut rates by 25 basis points on September 17, 2025 – so is NOW the BEST time to jump into multifamily investing, or the WORST with oversupply and economic uncertainty? We dive into fresh data from CBRE, Freddie Mac, and the Fed's latest “dot plot” to analyze cap rates, rent growth, vacancy trends, and transaction volumes. From Sun Belt risks to Midwest opportunities, this is your investor's guide to 2025 multifamily! Perfect for syndicators, REIT investors, and value-add pros. Support the showFollow Rama on socials!LinkedIn | Meta | Twitter | Instagram|YoutubeConnect to Rama Krishnahttps://calendly.com/rama-krishna/ E-mail: info@ushacapital.comWebsite: www.ushacapital.comRegister for Multifamily AP360 - 2025 virtual conference - https://mfap360.com/To find out more about partnering or investing in a multifamily deal: email: info@ushacapital.com

This week, Michael Bull, CCIM, is joined by Ed Pierzak, Senior VP of Research with NAREIT, to explore the current landscape of Real Estate Investment Trusts (REITs) amidst a fluctuating commercial real estate market. They discuss the performance of REITs in light of rising interest rates, operational metrics, and the implications of recent market changes. Ed also shares insights from NAREIT's latest reports, as well as his thoughts on bifurcation within the office sector and the potential for REITs to capitalize on acquisition opportunities as the market evolves. Tune in to gain valuable perspectives on how REITs can fit into your investment strategy and the outlook for the commercial real estate sector. Bull Realty - Customized Asset & Occupancy Solutions: https://www.bullrealty.com/ Commercial Agent Success Strategies - The ultimate commercial broker training resource: https://www.commercialagentsuccess.com/ Watch the video versions of our show on YouTube! https://www.youtube.com/c/Commercialrealestate  

How could the new iEdge Singapore Next 50 Indices reshape valuations, visibility, and investor opportunities. Hosted by Michelle Martin, this episode dives into how the Next 50 indices could unlock liquidity, ETF flows, and future growth for S-REITs within a context of falling rates. REIT specialist and Wealth Advisory Director, Kenny Loh breaks down the impact of falling borrowing costs and where income-focused investors should be looking now. From Centurion Accommodation REIT’s IPO to data centres, retail, and healthcare REITs - find out which sub-sectors are set to shine.See omnystudio.com/listener for privacy information.

Join our champion program: mark@themomentumcompany.com Attend a Thriving Leader event: https://www.themomentumcompany.com/thrivingleader2025 Instagram: @the.momentum.company LinkedIn: /momentum-companyIn this episode, Mark Jewell sits down with Paul Pittman, Executive Chairman of Farmland Partners, to explore what it means to lead intentionally in business and agriculture. From his journey growing up in a farm family to building the largest publicly traded farmland REIT, Paul shares powerful lessons on seizing opportunities, balancing vision with habits, and keeping perspective on agriculture's role in solving global challenges.Key TakeawaysHabits Over Long-Term Plans: Success isn't built on rigid 30-year plans, but on daily habits and the courage to seize opportunities when they arrive.Luck and Humility: Luck plays a major role in career success. Recognizing it fosters humility while reminding us not to discount solid “upper middle-class” achievements.Bridging Two Worlds: Paul combined his Wall Street deal-making expertise with deep agricultural roots to pioneer farmland investing through Farmland Partners.Agriculture's North Star: Feeding the world remains the industry's core mission, but the next frontier is improving nutritional quality alongside caloric and protein production.Intentional Leadership: True leadership comes from vision-driven individuals, not committees. Accountability, clarity, and a strong grasp of the other side's priorities are key to effective deals and relationships.Decision-Making Framework: Balance certainty with long-term goals—avoid chasing perfection, but don't settle for the easy path that drifts you off course.Work Ethic and Drive: A deep work ethic, instilled early by family, fuels resilience and the ability to take bold steps—even when that means quitting a “great” job to pursue true alignment.Notable Quotes“You don't set life goals—you set life habits that create the environment for success.” – Paul Pittman“If I need to teach you how to farm, I need a different tenant.” – Paul Pittman“The Sistine Chapel wasn't painted by a committee. It was painted by a guy.” – Paul Pittman“Being wealthy isn't about money. It's about happiness with your life.” – Paul PittmanAction StepsEvaluate your daily habits—are they aligned with the environment you want to create for success?Identify two or three “non-negotiables” in your business and relationships, and respect the same on the other side.Reflect on your career direction—are you drifting off course by taking too many “easy” decisions?Consider how your leadership style encourages accountability, vision, and individual responsibility.Listen If You AreA business or ag leader seeking lessons from someone who bridged Wall Street and farming.Interested in the future of agriculture—feeding the world and improving health.Looking for practical frameworks for negotiation, leadership, and decision-making.Curious about the mindset behind building a company from farmland roots to Wall Street success.

BoJ kept rates unchanged at 0.50%, as expected, but surprised markets with the announcement to begin selling ETF and J-REIT holdings.US President Trump said he will be harsh if he has to ask Russian President Putin for a ceasefire, but it doesn't feel like the time to do so.US President Trump reportedly seeks to speed up large power projects to meet AI demand.APAC stocks traded mixed as the region only partially sustained the momentum from Wall St, where the S&P 500, DJIA and NDX climbed to fresh record highs.European equity futures indicate an uneventful cash market open with Euro Stoxx 50 futures flat after the cash market closed with gains of 1.6% on Thursday.Looking ahead, highlights include UK Retail Sales (Aug), German Producer Prices (Aug), Canadian Retail Sales (Jul), Quad Witching, Trump-Xi phone call, Speakers include BoJ Governor Ueda, Speakers including ECB's Lagarde, Fed's Daly, Miran, & Former Fed President Bullard.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In this episode, Sarah Borchersen-Keto and Uma Moriarity, senior investment strategist at CenterSquare Investment Management, discuss the implications of recent Federal Reserve decisions on interest rates and their impact on REITs and the commercial real estate market. They explore historical trends in REIT performance, current investor sentiment, and the valuation differences between public and private real estate markets. Moriarity shares insights on high conviction property types and strategies for building resilient portfolios amidst economic uncertainty.

The headlines don't tell the full story. Behind the noise, the net lease sector is stronger and more dynamic than most investors realize — with nearly 99% occupancy in REIT portfolios and opportunities emerging across multiple sectors.In this episode of What's in Store, Karly Iacono and Chris Ressa go beyond the headlines to uncover the hidden strengths and future potential of net lease. From retail to alternative asset classes, we break down the metrics, trends, and investor strategies that are shaping the market right now.

Chantal Marx FNB Wealth & Investments on a good dividend from Hyprop results and everybody wants Libstar after they promise to unlock shareholder value Craig Gradidge Gradidge Mahura Investments on the deep discount currently offered by the Vodacom BEE scheme, Yebo Yethu Petri Redelinghuys Herenya Capital Advisors on gold as it hits new all-time highs. How high can it go?

Don and Tom take listeners on a “mountaintop” look at today's frothy markets, exploring elevated valuations, retail trading spikes, and record margin debt. They unpack what these numbers really mean, warn against trying to time the market, and reiterate the need for diversification and a long-term plan. Listener questions include a young investor's Fidelity-heavy portfolio, a 30-something's aggressive allocation and risk score mismatch, and a listener inquiry about “investwithroots.com,” which Don dissects as a private real-estate fund with fees and risks that outweigh its glossy promises. 0:04 Opening from the market “peak” and climbing metaphor 1:38 Market valuation discussion: P/E ratios, concentration in top 10 stocks 3:21 Surge in retail trading, meme stocks, margin debt, Robinhood sentiment 5:13 Economic uncertainty and why market timing doesn't work 6:11 Staying with your plan and portfolio diversification 7:15 Risks of U.S. large-cap concentration in typical portfolios 8:03 The need to include small-cap, value, and international stocks 9:14 Eugene Fama's “trading is like soap” warning and why trading destroys wealth 10:46 Practical advice: stop trying to outsmart the market, build a plan 13:22 Listener Q1: 18-year-old's portfolio—too much large-cap, not enough international or small value 16:15 Listener Q2: 30-year-old with $100K—good diversification but needs bonds for risk profile 19:25 Listener Q3: Investwithroots.com analysis—fees, geographic risk, private REIT red flags 24:16 Why public REITs like Vanguard's VNQ offer better diversification/liquidity Learn more about your ad choices. Visit megaphone.fm/adchoices

Aquiles Larrea rejoins today's Big 3 and offers three stocks he believes have fallen under investors' radars. He labels SL Green (SLG) as a REIT that can show "growth stock" potential, AT&T (T) as a communication stock that "has not disappointed," and Philip Morris (PM) as a "healthy" dividend player with more opportunity compared to peers in its space. Rick Ducat offers a look into key levels investors should watch into all three names.======== Schwab Network ========Empowering every investor and trader, every market day.Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about

A rapid-fire portfolio update. Flagstaff's Route 66 keeps humming—cash flowing, zero evictions, major systems renewed—and graduates into our long-hold REIT. In Phoenix, 12th Place and 36th Street have stabilized with fixed-rate refis after meaningful debt paydowns, while 52nd's patio and unit upgrades are leasing above expectations. We close with Venture on Maryland: fully funded, ~$2M in targeted renovations, and a clear path to close the rent-to-market gap—plus quick hits on Country Club's fire-system approvals and steady performance at the I-17 townhomes.      

Title: From Hustle to Holdings: The Smarter Path to Passive Wealth With J. Scott Summary: In this episode of the Passive Income Attorney Podcast, host Seth Bradley discusses the importance of transitioning from active to passive income with guest Jay Scott, a seasoned real estate investor. They explore various investment strategies, the significance of due diligence in syndication, and the differences between house flipping and multifamily investments. Jay shares his journey from tech to real estate, emphasizing the need for teamwork in multifamily projects and the importance of understanding market conditions. The conversation concludes with actionable insights for listeners looking to create financial freedom through passive income. Links to watch and subscribe: https://www.youtube.com/watch?v=V26Rze2S9TM Bullet Point Highlights: Active income is trading time for money, while passive income allows for financial freedom. Investors should focus on the highest and best use of their time. Flipping houses can be tedious and may not be the best use of time for high-income earners. Transitioning to multifamily investments can provide more control and cash flow. Market conditions can significantly impact investment strategies and outcomes. Due diligence is crucial when vetting syndication sponsors and deals. Understanding the underwriting process is essential for passive investors. Building a strong team is vital for success in multifamily investments. Investors should seek to understand the risks associated with their investments. Passive income allows for a lifestyle centered around family and personal interests. Transcript: Seth Bradley (00:10.188) What's going on, law nation? Welcome to the Passive Income Attorney Podcast, your favorite place for learning about the world of alternative passive investments so that you can practice when you want to and not because you have to. Now, if you're ready to kick that billable out of the curb, start by going to attorneybydesign.com to download the Freedom Blueprint, which will also get you access to partner with us on one of our next passive real estate investments. All right, let's talk about   the highest and best use of your time. We've talked about active versus passive income and for good reason, they are completely different. They're on opposite sides of the spectrum. When we talk about active income, we're talking about your job as an attorney, as a doctor or a business owner, where you trade your time in for money out. Depending on your skill set, background, education, work ethic, et cetera,   You know, this could be a great use of your time or it could be a terrible one. But when most people think about getting into real estate investing, they're torn. Should you do a fix and flip like you saw on HGTV? Should you invest in a REIT like your financial advisor and Charles Schwab told you to do? Should you buy a single family rental or invest in a syndication? There are endless options so I can understand why it's so confusing. Well, start with this.   ask yourself, what's the highest and best use of my time? If you're thinking about doing an HGTV fix and flip and your partner at a big law firm, for example, is that flip really the best use of your time? And don't be mistaken, a flip is transactional and it is active. So will you make more per hour on that fix and flip than you would at your job?   After you factor in the learning curve, the deal sourcing, the headaches, what it takes away from your job and everything else, it's not even close. Unless you truly love doing it, which some people do, it just doesn't make sense for high income earners. You should be focusing on transforming the income you earn actively into passive income streams. At different levels on the passive scale, that could very well be a single family rental or an Airbnb.   Seth Bradley (02:34.26) or could be passive investments into commercial syndications. But if you truly want to obtain financial freedom as quickly as possible, don't create more time consuming activities that aren't as fruitful as the active income stream that you already have. Focus on passive investments until you are financially free. And then you will have the freedom to transition or not into any   active activity you have a passion for. Today, we have a very special guest, Mr. Jay Scott of Bigger Pocket fame. Jay is an entrepreneur, investor, advisor, and the co-host of the Bigger Pockets Business Podcast. He has bought, built, rehab, sold, syndicated, and held over $70 million in residential property, and currently owns several hundred units. Jay is the author of four bestselling books on real estate investing,   with sales of over 300,000 copies. Get really excited for this, folks. You're in for a treat.   This is the Passive Income Attorney Podcast, where you'll discover the secrets and strategies of the ultra wealthy on how they build streams of passive income to give them the freedom we all want. Attorney Seth Bradley will help you end the cycle of trading your time for money so you can make money while you sleep. Start living the good life on your own terms. Now, here's your host, Seth Bradley.   Jay Scott, what's going on, brother? Welcome to the show.   Scott (04:09.196) Thanks. Appreciate you having me here Seth.   Absolutely, man. Appreciate you taking the time out of your day, We've got a little bit of history, but let's jump into your history, man. What's your story? Tell us about your background. Take it back as far you'd like to.   Yeah, I'll keep it short because nobody really cares about what I used to do. So I'm a tech guy by education and former trade. I worked in Silicon Valley for a long time, spent about 15 years doing the engineering thing and the product management thing. 2008 decided to get married. My wife and I, she was in the tech world also. We decided to leave and do something different so we could start a family.   focus on our family. Basically, we were both working ridiculous hours and it just wasn't sustainable if we wanted to start a family. So put our jobs in 2008, moved to the East coast, ended up flipping houses. Long, boring story about how that started, just kind of serendipitous. We didn't really plan it, never really considered real estate, but fell into flipping houses. Over the next eight years or so, we flipped about 400, 450 houses, was great. It ended up being the,   next career we were looking for, it gave us the flexibility to kind of raise our kids and never have to miss a soccer game or a piano recital, which was fantastic. But then around 2017-ish really got burned out on flipping houses and that's when I started to look for some new stuff to do. and that kind of leads me into what I've been doing the last few years.   Seth Bradley (05:41.742) That's awesome, man. That's a ton of houses you flip, man. think that that's, know, a lot of the folks who've been in the game for a long time, they've heard you speak on, you know, on bigger pockets and all of that. So, you know, what attracted you originally to house flipping rather than, you know, buy it holds or anything like that?   So I'll be honest, I don't love real estate. I love business. I'm a business guy. like when I was even when I was in the tech world, I got my MBA and I did some business development and I moved from the engineering side to the product side where I could be more involved in the business stuff. And I'm a business guy by heart. And that's what I love doing. So when it came to flipping houses,   For me, was, I could have been buying and selling anything. It ended up being houses. And again, not an exciting story. mean, literally the story was my wife was watching a show on HGTV with some people flipping houses and she said, let's give that a try. Just as kind of like a fun thing to do on the side while we were waiting for our wedding to come up. So it wasn't something that I ever thought about or planned to do. It just kind of happened.   And so if it weren't flipping houses, it would have been buying and selling something else. would have opened a restaurant or I would have opened a retail store or who knows what I would have done. But for me, the challenge was in the business. It wasn't the real estate piece of it. And so I've always enjoyed the scaling part. So yeah, flipping a house is great. Flipping five houses is great. But I always wanted to know, how do I go from flipping five houses to flipping 50 houses in a year? What are the systems and processes I have to put in place?   how do I build that type of business? That to me is what's exciting. And so for me, it's always been about not the real estate part of it, but about the building the business part of it.   Seth Bradley (07:25.248) I love that man. I don't think I've heard anyone just come out and say that, even though a lot of people are probably in the same boat as you that, you know, you don't have to love real estate to recognize that it's a great business. Right. Yeah. So that that's awesome. So tell me a little bit about your, your transition and what you're doing now, your current business, how you kind of progressed from house living to what you're about to tell us about.   Yeah, so 2017, I just got really burned out on flipping houses. It was good to us financially. We got good at it. I wrote a bunch of books on it, but I'll be honest, it was never fun. And as the years went on, it just ended up getting more tedious. I felt like I wasn't learning anything new. It was revising processes and creating new systems. it was fun, but I needed some new challenges.   So 2017, I decided, okay, done with flipping, actually went and started doing some business stuff. So I do some advisory work for some tech companies. I do some angel investing. And so for a few months, I actually considered getting out of real estate altogether, focusing on other business pursuits. But I actually, what I realized was that I didn't like the nuts and bolts of real estate. I liked the mechanics of real estate.   I loved the negotiation piece. I loved the asset management piece. I loved the putting deals together piece and I was good at it. And so while I really didn't wanna be flipping houses, didn't want to be involved in the day-to-day aspects of managing the projects. I enjoyed the deal part of real estate. And so in addition to that, after I stopped flipping, I had all this cash.   And I was like, okay, what am I going to do with this cash? I was using it to flip houses. We were doing 50 houses a year. It's put a lot of cash to work. Now I had all this cash. I'm a control freak. do invest in other people's syndications, but I don't sleep well at night when all my money is being managed by other people. So I said, how do I kind of take back control of my own cash as well as kind of get back into real estate? What can I do in real estate that I would enjoy? And now I can also deploy a bunch of my own cash. And what I realized was multifamily.   Scott (09:38.648) That was a great opportunity. And I had been thinking about multifamily for a long time. But what I realized was from the syndication side of multifamily, could, one, I could have the control. could be a general partner. could control the deal. I could put the deal together. I could manage the deal. But also I could come in on the limited partner side as an investor. And it was a great place to deploy my capital. So I could deploy my capital in deals that I had full control over. So 2017, I decided I wanted to get into multifamily, probably wanted to get into syndication.   I reached out to a friend of mine, Ashley Wilson, who managed a company called Barred Down Investments. She and her husband had started the company a couple of years earlier. They were doing exactly what I wanted to do. And so I reached out to Ashley and I said, hey, I would love to learn multifamily. I don't expect you to like just take all this time and teach me so I can often be your competitor. But here's what I am willing to do if you're willing to do this. I will come work for you for a year.   And in that year, you've got all my time, you've got all my energy, you've got all my knowledge, you've got all my contacts, I'll put money into your deals, whatever it takes. You mentor me for a year, you've got my commitment for a year. After a year, we can figure out if like, there's a place for me on the team or if I'll go off and do my own thing. But basically, let's work together for a year. And she loved that idea. mean, I think she liked the fact that I was really good with the systems and the processes and the operation stuff.   And I obviously loved the fact that I could jump into a team that was high functioning, already owned a lot of properties and was doing deals. So for the next year, I worked with her team. It took about a year and a half before we finally did a deal. But 2020, just before COVID, we started putting together a deal. That deal went really well. Ashley and I realized that we were like, just we made a great team.   We had a bunch of complimentary skills, the things that she was really good at, I wasn't, the things I was really good at, she wasn't, it was just a good partnership. Around the same time, her husband decided that he didn't really want to be doing real estate anymore. He kind of wanted to be a stay at home dad. He liked helping with the business. He ran the underwriting team and he did a lot of the analytics, but he didn't want to be a partner in the business anymore. So about a year and a half ago, Ashley came to me and said, Hey, would you want to join me and be a partner in the business?   Scott (11:57.678) 2020, 2021-ish. Ashley and I joined forces. She and I now run bar down investments and we do value add multifamily all around the country.   That's great man, said you weren't having fun anymore, you having fun now?   I'm having a ton of fun. And I think the big difference between then and now is when you're flipping houses, flipping houses is a very, it's a solitary venture. Yeah, you have contractors around you and you have eight real estate agents and you have closing agents and lots of 1099 people, lots of vendors and people that come in to help you. But at the end of the day, you're running the show. You're doing the four big things that you do when you flip houses.   you're acquisitions or you're running acquisitions, you're doing the rehab or you're running the rehab, you're doing the disposition or managing the disposition and you're raising the money. mean, all four of those things, you don't generally have a big team to do those things because it's just hard to scale a big team when you're flipping houses. The profits aren't there, the margins aren't there. Unless you're doing real high-end houses, the deal size isn't there. But in multifamily, the thing I love about multifamily is it really is a team sport. When you're doing it,   $10 million deal or a $50 million deal, it's not something that I could ever do myself. It's not something anybody or very few people can do themselves. Typically you have to be part of a team because things are very specialized. mean, the acquisitions piece, you need some of the best acquisitions people in the world to be finding deals in this market. The renovation piece to be renovating a 200 or 400 or 600 unit apartment complex, it's not like flipping a house. You need to have really good systems and processes. need to...   Scott (13:36.448) really know the renovation side of things. Managing the property, I mean, you have to know the asset management side. You have to know how to carry out a business plan. You have to know how to increase and reposition rents. You have to know how to decrease expenses and improve the efficiency of the management. And then on the sales side, that's a whole other world where you have to really know the market and be able to work with the brokers and know how to position the company for sale. And then finally, there's that raising funds piece.   And that's a whole world by itself, whether you're dealing with raising debt through a broker and you're going like just typical, like getting loans, or you're going out to private investors or institutions and you're raising equity, people that come in as partners. And I mean, that's a full-time job in itself, those two things. So when you do multifamily, you really need to figure out what are you great at? And then you need to surround yourself with people who are great at everything else. And so that's what I loved about multifamily. It allowed me to focus on what I was really   and then bring in people who are literally the best in the world at all the other stuff. And now it becomes a team sport. It goes from playing tennis to playing basketball. It goes from being yourself reliant and you have to do everything and be the best versus you have to be able to put together the best team and manage that team in a way that not only is everybody fantastic, but working together, they're better than the sum of their parts.   Yeah, yeah, that's fantastic, man. The whole team game part of multifamily and commercial real estate. It's really interesting because when you get into other businesses, it feels more competitive and kind of like if you if you have the secret sauce, you keep it close to your vest. You don't you don't tell everybody about it. Whereas when you're in this commercial real estate world, everybody's sharing ideas. Everybody's trying to partner. Everybody's trying to see how they can help you rather than just looking about, well, how can you help me kind of?   I call it, I'm gonna get in trouble here, but the Hollywood mentality where it's like, what can you do for me? Oh, you just drive a three series, you probably can't help me. So it's a different attitude.   Scott (15:41.294) Absolutely. I like to refer to it as co-op petition. It's like there are deals that you're going to do with other people and then there deals you're going to do yourself and you may come back to those people later. You may never come back to them, but everybody kind of looks out for each other because you never know when you may end up in a deal with somebody that previously you were competing against. And so anytime that you're not in a deal with somebody, you're still treating them as if, the next deal we could end up being partners. And the deal after that, we could end up being partners.   because it really is, it's a small industry, everybody knows each other. we really, again, going back to the sum of the parts is greater than the parts themselves. mean, working together, we can really do a whole lot more than if we just are purely competitive and try and take each other down.   Yeah, absolutely. And I think kind of going back, there's a lesson to be learned about how you were transitioning from house flipping and you were the best at it. And then you're like, okay, I want to go into multifamily and a syndication. You went and you sought out someone that was already in the game that knew what they were doing, that had the experience. And you said, what can I do to help you? What value can I bring to you to help you so you can teach me what you've done? And there's a lot of value to be found in that lesson for folks that are trying to   you know, get into the active side. A lot of listeners out there are passive investors already and they're, you know, maybe thinking about, maybe I want to do in the active side. And they're like, well, what can I do? Cause a lot of attorneys, especially in doctors and folks like that, they think they have this one track mind. They're only trained to do one thing. And they're like, what value can I provide as somebody else? But there are a lot of skills that you've learned in your W2 profession that you can apply to help other folks that are already in the industry.   Absolutely. I mean, I talk about it a lot, but even outside of real estate, I do a lot of advisory work and I'm still pretty active in the tech world. And I find companies that kind of bridge that gap between technology and real estate. all know about the Zillows and the Airbnb type companies. There are a lot of startup companies in that space too called property technology type companies. so...   Scott (17:46.998) I love to use my experience, my knowledge, my relationships to go into those companies and help them grow their companies. In return, I'm not an employee. I'm not even a 1099 contractor. In return, I'm getting equity so that if I can help make them successful, ultimately my equity is gonna be worth something. I'm gonna be successful as well. And so what I like to tell everybody like figure out what you're good at and then figure out who needs that expertise.   and then figure out how you can offer that expertise in a way that isn't trading necessarily hours for dollars. Figure out how you can trade your expertise, your knowledge, your Rolodex, your whatever it is for equity or potentially passive income so that you can grow potentially many fold as opposed to I charge $200 an hour or $300 an hour. mean, everybody loves $300 an hour, but the minute you stop working, you stop making that money. But if you can get equity, that equity can work for you for a while.   Yeah, absolutely. And it's tough for a lot of the WTs out there listening, they're highly paid professionals. It's tough to get off of that treadmill. For some folks it's easier because they're not making as much money, but for the lawyers, the doctors out there that are making a good amount of money in their profession, it's tough to try to see, you know, to stop trading time for money. But you've got to kind of see through the weeds there.   Yeah, well, what I tell people is, there's two types of income. There's your active income. That's the stuff that you're trading your time for, whether you're a doctor or a lawyer or an engineer or you're a house flipper or you're a consultant or you're a small business owner, whatever it is, that thing that when you stop working, you stop making money. And then there's a passive income. It's the thing you trade money for money. So you put your money out there and hopefully it continues to come back to you for the rest of your life or at least the next several years.   And so what I like to tell people is don't think about those the same. Those are completely different. figure out for your active income, figure out what the highest and best use of your time is. If you're gonna make more money as an attorney than you are flipping houses, don't flip houses just because you eventually want to retire on real estate. You can always use real estate for the passive side of things, but if you're gonna make more dollars per hour as an attorney or a doctor or a consultant, then do that because you wanna get out of that active income as quickly as possible.   Scott (20:05.9) And the way you do that is you make as much as you can and you move it over to the passive side. So focus on whatever it is that's generating the most dollars per hour for a shorter period of time so that you can then start moving that money over to the passive side and start building up the passive side. don't, people ask me all the time, should I flip houses or should I buy rentals? And I'm constantly telling them that's not the right question. Flipping houses is your active income. Compare that to all the other.   potential active incomes you can have. And rentals is passive income. Compare that to all the other passive investments you can make. And so don't say flipping houses or rentals say, should I be flipping houses or should I be an attorney? And don't say, I be flipping houses or rentals say, should I be doing rentals or should I be investing in syndications or dividend generating stocks or something else? And think of them very differently. then secondly,   Make sure as much of that active income as you can, move it over the passive side so that you can start that snowball rolling. I compound interest is the key to financial freedom. And the sooner you can put more money to work, the faster it'll compound and the sooner you can start to live on.   Yeah, I love that man. mean, lot of folks, you know, calls that I take, they're like, hey, they're attorneys. Should I quit my job or how do I quit my job? I'm like, if you want to quit your job, don't be hasty about it. First of all, you're probably making a good amount of money in your active income. You just need to figure out a way to transition that active to passive income and don't just quit your job. It's very difficult to flip houses, to do an HGTV fix and flip while you're working at a big law firm or something like that full time.   I tried to do it, I didn't do it very well. You're not even gonna make it nearly as much money as you would as a doctor, as an attorney, unless you get to level like you did, Jay, but that takes time and that takes a buildup of accumulation of skills and money to be able to get to that level.   Scott (22:05.826) Yeah, I mean, at the end of the day, it's a math equation. mean, your passive income or your ability to build up enough income to be able to retire, whatever your number is, is based on how much can you put in per month into that wheel, that passive income growth machine? How much are you generating every year on what you're putting in? So what do your returns look like? And three, how long do you have to compound it?   And so everybody can go out into a compound interest calculator and say, okay, I have $5,000 a month that I can invest passively and I can return 12 % per year and I need $6 million to retire. Well, based on those three numbers, you can now figure out that fourth variable, is how long is it going to take? And so figure out how much do you have per month to put in? What's the rate of return you can generate and how much do you need? And that'll tell you how long it's going to take or   figure out how much you have to put in, how much your return is gonna be and how long you wanna spend. And that'll tell you how much you'll end up with at the end, either way you wanna look at it. But again, it's a pretty simple math equation, but too many people don't actually do that equation where they don't think about it until too late and they think, I wish I would have taken that $5,000 a month that I was spending on my second home in the Bahamas and put that into real estate so that I could have been.   compounding it and so now I could buy that home for cash five years or 10 years later.   Absolutely. Attorneys hate math, but I think they can handle that little equation. I want to take a step back for a minute because you got into house flipping in 2008, which is kind of like around the big crash. And now we're kind of at the height of a market. We don't know where that height is going to end, but we're definitely in it. Right. So can you maybe compare and contrast getting into, let's say,   Seth Bradley (24:01.652) one real estate venture in the middle of a crash compared to getting into another venture kind of towards, towards the upswing.   Yeah, so it's one of the reasons I like multifamily and I like commercial and I like syndication. Anytime you're doing purely transactional deals, buying something and then selling it, not generating any cashflow in between, you run a risk. If the market turns in the middle of the transaction, you're gonna lose money and you don't have a lot of ways to mitigate that risk.   Whereas if you're buying something like an apartment complex, or even if you're buying a rental property, or you're buying a self-storage complex, or you're buying anything that cash flows, the nice thing is if the market turns, you may not be in a great position. You may not be thrilled with what's happening with the value of your assets, but if you're still generating cash flow, you can weather that storm. Maybe it's gonna take, the average recession lasts about 18 months. And so if you can make enough income that you can keep yourself afloat for 18 months, or maybe   it's a horrible recession and it lasts three or four years. If you're still making income and you can keep yourself afloat for three or four years, the market's gonna come back. And so when we do our multifamily deals, yeah, we typically say we're planning to hold three to five years, but we also do all the underwriting to ensure that if we have to hold for six years or eight years or even nine or 10 years, that the numbers still work because.   Again, who knows what's gonna happen three years down the road, we could have a major recession that lasts four years and now we're seven years down the road. I wanna know that my multifamily investments in seven years, they're probably gonna be producing more cashflow. We're probably gonna see more growth in terms of population. We're probably gonna see more growth in terms of employment. Hopefully we're gonna see more wage growth once we come out of that recession. So all the economic indicators that kind of lead towards value growth in multifamily,   Scott (25:58.486) are going to happen over those seven years if I can just get my property seven years and not lose it. With a flip, well, I'm not generating any income. So if the bank calls the loan due or if my two-year loan comes due and I can't refinance, I'm screwed. But in a multifamily, I just waited an extra couple of years and I'm probably in a better position than I was anyway. So that's one of the reasons I love multifamily because we can't predict   what the economy is gonna do in the next couple of years. But I do know that whatever the economy does, it's probably gonna come back in the next five or 10, and I'm still gonna have the problem.   Yeah, yeah, that's great. That kind of rolls into this next question. How does a passive investor that's kind of vetting a sponsor, how do they check kind of the boxes to see if their sponsors are taking the extra measures to look into those risks that you just mentioned, to mitigating those risks, to taking those risks into account in their underwriting and things like that. How can they best vet the sponsor to make sure that they're thinking of those things?   So I invest in a lot of other people's syndications as well as my own. And so when I do that, I kind of look at five areas for due diligence anytime I invest in a syndication. Number one is the team. And that's probably the most important thing. For a lot of people, I have been pleasantly surprised that a lot of our investors have recognized that team is the most important aspect of the deal. I know in the flipping world, everybody was concerned about the deal. Nobody cared about   what was my experience, but in the multifamily world, a lot of investors recognize that the team has to be great. So number one is the team. Number two is location. Location is often overlooked, but at the end of the day, the thing that's gonna drive value for multifamily and for commercial real estate in general is gonna be population growth. So you want more people coming into an area, employment growth. So you want more employers coming into an area that will bring more people in. You want wage growth because that will ultimately drive rents up.   Scott (28:06.082) and you want employment diversity. You wanna know that if one industry takes a big hit, so for example, we invest in Houston, but we won't invest in the energy corridor of Houston because it's so reliant on oil and gas, that if the oil and gas industry took a big hit, the real estate around there would probably take a big hit. So we wanna see that there's good employment diversity. But at the end of the day, location is that next big thing. So team, location, number three is the deal itself.   So you need to know that the deal is gonna stand on its own. I wanna know that if I took a deal and I handed it to pretty much any other indicator, they couldn't mess it up too badly. Obviously, again, we're gonna go back to the team is super important, but I want the deal also to stand on its own. And I wanna know that the business plan for the deal, the hold period, the numbers and the underwriting, the pro forma for the property makes sense. So team location deal.   Number four is the returns. So obviously when I invest with somebody, I'm in it for the money. And so I wanna see that the returns are commensurate with the risk. I wanna know that the returns, if somebody tells me I'm gonna get 10 % returns in this deal versus 20 % returns in another deal, I wanna know, well, why am gonna settle for lower returns? I want the answer to be because it's a lot lower risk or because you're gonna get your money back a lot sooner, which is gonna allow you to compound it or whatever the answer is.   I want to know that the returns make sense given everything else. And then finally is the risks. At the end of the day, I'm always going to sit down with the syndicator and I'm going to say, what are you most concerned about here? Like where, if I'm going to lose money on this deal, where am I most likely going to lose money? They say, there's no shot of losing money. walk away because we all know every deal has risks and every syndicator knows what those risks are. And they're thinking about those risks. I just want them to tell me.   So if I'm gonna lose money on this deal, where am I most likely? Why am I most likely to lose money if I'm going to lose money? So those are the five things that I look for. Talking about each individually a little bit more. the team, I like to know that one, I wanna see how many deals the team has done together because again, like a basketball team, you can put the best basketball players in the world together. And if they've never played on the court together,   Scott (30:31.672) they're not gonna be necessarily the best team out there. You can find another team with five inferior players who have been playing together for 20 years and they're probably gonna be better because they know each other better. So I like to see teams that have worked together for a while. I like to see teams that have gone full cycle in deals. So it's easy to buy 10,000 units. It's hard to buy 10,000 units and also sell 10,000 units for a profit. So I wanna see that if a team has bought a lot of deals, they've at least sold some for a profit.   I wanna see a team that's putting their own money in the deals. So I want people that have skin in the game. If they don't have skin in the game, and I've seen plenty of syndicators that don't like to put money in the deals, well, they need to sweeten the pot for me somehow. So maybe they're saying, we're not gonna take any profits until at least year three, or we're gonna give you a better preferred return, a better split than you would get if we were putting money in the deal. I wanna know if you're not putting money in.   that you're at least giving me something that aligns our interests and ensures that you're gonna be working hard even though you might not have as much financial risk. So those are the types of things I like to see in the team. I like to see things like at least one or two people working full-time. If everybody's part-time, that's kind of a little bit scary. Obviously not everybody has to be full-time because there are a lot of jobs on a GP team that aren't full-time jobs. There are a lot of jobs that might stop the day you purchase the property. Like the person that's raising money, job's   pretty much done other than communicating status when the property's been purchased. But I do want to know that whoever's managing the asset is doing it full time. So that's kind of the team stuff. Location, again, population growth, employment growth, wage growth, and employment diversity. So those are the four big things I look for. Next is the business plan. So I want to see the biggest question when somebody goes in and...   does what I do, which is a value add multifamily. Basically they buy it, they raise the value of the property and then they sell it for a big profit. Where is that profit coming from? Generally the profits coming from raising the rents. There's also some lowering the expenses, but at the end of the day, raising the rents is kind of the big thing that's gonna generate the big profits in multifamily. And so I wanna know how are you raising the rents? And two, when you tell me that you're raising the rents from X to Y, where is Y coming from?   Scott (32:55.182) Show me the comps that tell me that why is a reasonable new rent, market rent for this property after you've done the renovation. So I wanna see the comps. So that's kind of the deal. The returns speaks for themselves. I wanna see like the structure of the deal. So when's the money coming back to me? Is it paid monthly? Is it paid quarterly? What are the returns look like? What's the preferred return? So is it a low preferred return, which means   that the syndicators are getting paid sooner, whereas at a higher preferred return, which means the syndicators have to do more for me before they take anything home. So that speaks for themselves. And then for the risks, I wanna know both the catastrophic risks. So what's the thing that's like going to make me lose all my money? Is there something out there that can cause me to lose all my money? Hopefully the answer is no, but there are probably some risks that are bigger than others. So we do a lot of deals in Houston. If somebody were to say to me, what's the biggest risk on your deals?   The answer is generally going to be weather. If we have a really bad hurricane, if we're in a flood zone, we probably have flood insurance and we have hurricane insurance. But if it's in a place that's never experienced the negative impacts of a flood or a hurricane, and we are not required to have flood insurance, but there's still a massive hurricane that wipes out that property, that's not going to be good. We're going to have to pay for that ourselves. So what's our mitigation there? We don't have a great one. Luckily.   the risk is really low. We don't buy in areas where there is that risk. And if there is, we're gonna get flood insurance. But I do want my investors to know that no matter where you invest, whether it's a risk and especially in Houston, if we see a storm bigger than anything we've seen the last 50 years, some of our properties could be at risk. And then there are the smaller risks. So maybe there's five other complexes being renovated all around us. Maybe there's class A, brand new class A being developed.   all around us. So basically our absorption of units is going to slow down because there's so many more units. Maybe there's one big employer in the area. Amazon just built a warehouse that's employing 8,000 people. Well, what happens if Amazon has a bad year and has to lay off 4,000 of those people? How's that going to affect us? So, so risks is the next thing. And the way I approach it is I literally sit down with the, with the syndicator and say,   Scott (35:15.554) What keeps you up at night? What are the biggest things you're concerned about? And so those are the things that I do. I have no problem basically saying to a syndicator, I need 15 or 30 minutes of your time to ask these questions. Typically the good ones will either find the times themselves or have somebody on their team that will sit down and answer these questions. If they're not willing to answer those questions, well, that's probably a good indication that that's not a good team.   Yeah. For our listeners out there, that breakdown was incredible. Rewind that, listen to those five items again. That's a quick, but thorough and awesome rundown of what you need to do. Just as at least the starting points for your due diligence. And that's, that's great that you said if they won't book a call with you either themselves or an investor relations person on their team, then it's time to, you can just walk away and look at the next, look at the next deal. One question I had on the deal.   So a lot of folks, it's kind of overwhelming to see an underwriting model or something like that. And being a passive investor, I don't know how much you even want to dive into it. Some people do, some people want to nerd out on it. Most people don't. And we don't generally have access to the T12 or the rent roll or anything like that. What are maybe some quick tips on how to maybe proof through that pro forma to make sure that the assumptions are reasonable and the pro forma is generally   a reasonable prediction of what we might expect from that investment.   Well, let me start, me take a step back before I answer that particular question and just say that even for you and me, mean, you know how to do an underwriting, I know how to do an underwriting. If you or I were gonna invest in somebody's deal, Joe Smith's deal, we're probably not gonna have enough information even though we know this business really well and we know the underwriting models really well, we're probably not gonna have enough information.   Scott (37:08.908) that we're going to be able to know for certain that Joe Smith's not trying to scam us out of money. So if Joe Smith is really smart and he could probably put together an underwriting that could fool us because we're just not gonna be putting in as many dozens of hours underwriting as he and his team are. So the number one thing I would say is make sure you trust your syndicate. This goes back to why team is so important.   because there's two types of things that Joe Smith can do. One, he could do a bad job of underwriting and come up with bad numbers. That's not good, but that's not nearly as bad as Joe Smith wanting to scam us out of money. So number one is make sure Joe Smith's not the kind of guy who wants to scam us out of money. And so work with people who are reputable. And that's why I would invest with you before I would invest with 95 % of syndicators out there because you're an attorney, you passed the bar.   you know that if you go and somebody finds out that you're trying to scam somebody, well, you're putting your entire career at risk. And so what I tell people is, so what do you have that really proves that this person is on the up and up? And maybe it's a track record. Maybe it's 10 or 15 years of doing deals. Maybe it's, I like to think with me, I've been doing this business for 15 years. I've done thousands of deals with hundreds or thousands of people.   And if you go out on the internet, nobody's gonna, you're not gonna find anything that's written negatively about me. So that's a good sign. But make sure that there's something out there that gives you faith in that syndicator, even if it's just somebody else that's invested in a couple of deals with them. So that's number one. So that's the way to rule out that catastrophic, they're trying to scam you risk. Then there's the more likely, what if they just didn't do a good job of underwriting risk?   And so for that, would say for people that have very little knowledge of how the underwriting works and how the numbers work, it can be really difficult. And so what I like to do is, or what I recommend people do is sit down and ask to do a Zoom call for 15 minutes with the investor relations person and say, hey, will you kind of walk me through the high level underwriting? And at least force them to go through and then just ask questions.   Scott (39:30.958) when they say something, even if you have no idea what you're talking about and they say, well, it looks like we're gonna be able to reduce expenses by implementing a rub system, blah, blah, blah. Oh, okay, well, what is rubs and how does that work? And at least make them explain it to you. At least then you'll get an idea that they're not making it up as they're going along, or at least you'll get that confidence that it sounds like they know what they're talking about. But the biggest thing that I would say is that whole comps thing.   And this is a question that a lot of people don't like to ask. But I actually, and when people ask me this question, it always makes me nervous because it's the hardest part of the business, but it impresses me when people do. to the underwriting or the investor relations person, what are the comps that you used for your post renovation market rents? So again, the thing that drives values in multifamily is after the renovation is completed, in theory, you should be able to bring your rents up higher.   and your rents, those higher rents, you should be able to figure out what they are by looking at other units that have already been renovated and seeing what their rents are. So if I buy one, two, three Main Street, and I know I'm going to put $8 million into it, well, now that property is going to comp out to 678 Main Street. And well, what are the rents at 678 Main Street? And so by asking, hey, so you're buying one, two, three Main Street, what are the comps for the rents after you renovate?   and they tell you, it's going to be 678 Main Street and 123 Smith Street, whatever it is, you can then go look up those properties and say, okay, well, it looks like a two bedroom at those properties is renting for 1200. Now I go back to the investor relations person or whatever information they gave me I see, oh, okay, after renovation, they have their rents at 1200. Makes sense. If that's a reasonable comp, they now have the rents at kind of where they should be.   If he says that six, seven, eight main streets, a comp, and you go look in a two bedroom at six, seven, eight main streets, 1200, but their underwriting tells you that after they do the renovation, they're going to be charging 1500. Well, why are you now $300 above this property that you said was a comp? And so that to me is kind of the first thing that I look at or the biggest thing I look at is what are the comps that they're using and does just a kind of first pass.   Scott (41:57.762) jumping on apartments.com or calling the complex and asking them what different things rent for. Does that coincide with what they're telling you their post renovation rents are gonna   Yeah, I love that man. I mean, it's not as simple as just going into an old dilapidated apartment building and saying, I'm to put granite countertops and hardwood flooring and stainless steel appliances in there. And then I'm going to triple the rent or double the rent. It's not that easy. If it's not in the right area that could support those, those market rents or that have potential tenants that want those types of things, it doesn't work. So that's why that's so important to check those comps to see what's around those apartments that you're going to be investing in to see if, they can achieve those.   those proforma rents. All right, man, before we jump into the freedom four, what's one last gold nugget for our listeners?   Absolutely.   Scott (42:45.634) Yeah, so again, what I would tell people is figure out your highest and best use on your active side. And then for the passive side, figure out how you're gonna scale. And I know a lot of people like to invest in a whole lot of different things, but I'm a big fan of doing some work so that you don't have to diversify as much. Diversification is great, but diversification,   is for people who aren't really an expert in anything. If you want to get your best returns, the way to get your highest level of returns is not to have to diversify. And the best way not to have to diversify is to get knowledgeable about whatever you're investing in. So if you decide you wanna invest in all your syndications, just cause that's what you and I do. So it's an easy example. If you want to invest in syndications and that's how you wanna grow your nest egg, my recommendation is,   get as much information about syndications as you can. Pick up a good book on syndications. Go find somebody that does syndications and say, hey, I'd to pay you a thousand bucks for five hours of your time. Or you just to walk me through what a typical deal looks like or what the underwriting looks like. Or go sit in on a hundred multifamily syndication investor videos, presentations. So you can see all the different things they're talking about and become as much of an expert there as you can. So that way you're reducing your risk without having to do a lot of the.   diversification. So focus on whatever your highest and best use of time is on your active income and then become as knowledgeable as you can for whatever you're investing in passively. What I like to say on the passive side is it's not truly passive. Nothing's truly passive. But the best investments are the one where all the work is done upfront. You do your due diligence and then it becomes passive.   Yeah, that's awesome, man. And then what you can do though is diversify within that strategy, right? Absolutely. Yeah, different asset types can have different business strategy, value add, or maybe you're dealing with just a class A where you're chasing yield or across different cities, different geographies, or across different sponsorship teams. There's other ways to diversify within that same type of investment strategy. Yep. All right, man, let's jump into the Freedom 4.   Scott (45:05.598) It's time for the Freedom Four.   What's the best thing you do to keep your mind and body healthy?   So for me, it's admitting when I need a break. I know so many people that it's a badge of honor to work 80 hours a week, 52 weeks a year, never take a vacation. I'm just the opposite. If I wake up one morning and I'm tired and I don't feel like working and I don't feel like I'm gonna be productive, I will grab a book. I might even turn on the TV. I might say to my wife, hey, let's go to breakfast or let's go spend the day, let's go to a movie.   And I have no qualms with just saying, I need a break today. Today's not gonna be a productive day. I don't need to pretend to work just so I can have that badge of honor that I work hard. And so, yeah, and that's one of the nice things about real estate. mean, I don't have a hundred percent flexible work-life balance. I can't do anything I want any time I want, but if I wanna take a couple hours off, I normally can. And so I'm not scared to do that.   Yeah, yeah, that's a great answer. With all your success, what is one limiting belief that you've crushed along the way and how did you get past it?   Scott (46:15.734) Yeah, I still have a lot of them. I think we all do. But I'd say the biggest one is that doing a big deal is not that much harder than doing a little deal. I'm not going to say a hundred million dollar deal is just as easy as a hundred thousand dollar deal. But if you're smart enough to do a hundred thousand dollar deal, you're smart enough to do a hundred million dollar deal. And the people that are out there doing those hundred million dollar deals, mean, we have, we now have a hundred million dollars assets under management.   I remember a couple of years ago, looking at the people that had nine figures under management and thinking, they're different. I can't do that. These are people, went to some school that I will never go to, or they were born into something that I was never born into, or they know people I don't know, or whatever it is. No, they're normal people. And the only difference between them and me was I wasn't thinking big enough.   and I wasn't willing to take some risks and I wasn't willing to acknowledge the fact that doing again, a hundred million dollar deal is certainly within my capabilities. So that to me has been probably the biggest one and it's made it a lot easier for me now to say, okay, $50 million deal, let's go do it, not think twice.   Yeah. I had a similar experience working in, in, big law, doing house flips, doing single family rentals, things like that. And even though my clients are doing 50, a hundred million dollar deals and I'm helping them close those deals, it was just like the mindset shift that, a minute, I can do those deals too. I'm actually giving them advice on how to, how to do this thing. I need to step up my game and, and, take some.   Exactly, it's the difference between people doing a hundred million, a hundred thousand, it's all mindset.   Seth Bradley (48:00.866) Yep, absolutely. What's one actual step our listeners can do right now to start creating more freedom.   take action. So the biggest thing that I see stopping people is just this fear to take the first step. And I know this doesn't apply to a lot of your listeners, but I talked to a lot of people who want to get into house flipping or they want to get into rentals and they've been thinking about it for years and they just never take that first step and then they end up giving up. One of the the few truisms I see in this business   is that there are two types of people I meet. Number one, I meet people that have never done a deal. They've done zero deals. And maybe they're still working on it. Maybe they've given up whatever it is, but they've done zero deals. And then the other type of people I meet in this business are people that have done a lot of deals. They've done five or 10 or 20 or 50 deals. There's one type of person I never ever meet in this business. And that's somebody that's done one deal. Because if you get that one deal, you're gonna get the second and the third and the fifth and the tenth.   Nobody does one deal and then says, okay, that's it, I'm done. can't do this. So what I like to tell people is, and that applies to a lot of things in life. If you can get over the hump and do it once, you're gonna get that snowball effect and it gets easier the second time. It gets even easier the third, it gets even easier the hundred. So don't give up until you achieve that first step or that first iteration of whatever it is you wanna achieve because that's gonna get that snowball rolling.   Yeah. Yeah. We preach that on their show all the time. Just like, you know, just do a deal, just invest in a deal so you can get that experience and it'll just kind of open up your mind to other opportunities. You'll just see opportunity all around you. Once you just do one deal last but not least, how it's passive income made your life better.   Scott (49:51.886) Passive income has given me the ability and the confidence to raise a family. Before this, my biggest concern with raising a family was I didn't want to be, I had, my parents were great, but my parents were always working. And I didn't want to be the same type of father that my parents were. Again, they were fantastic, but I wanted to always be there. I wanted to be at every soccer game, every piano recital.   I wanted to be able to go into school for the parent-teacher conferences. so passive income has really given me the ability to build my life around my family as opposed to building my life around   Love that, love that. It's been fantastic, brother. We're gonna listen and find out more about you.   Yeah, anybody wants to get more info, go to www.connectwithjscott, just letter J, Scott, connectwithjscott.com, and that'll link you out to everything you might wanna find.   Awesome man. Talk soon.   Scott (50:54.945) Awesome. Thanks,   All right, Mr. Jay Scott from Master House Flipper to multifamily syndicator. He's a master of creating profitable, well-oiled business machines. I've been reading Jay's bigger pockets books for years and it's awesome to have the opportunity to have him on the show today. Major key, focus. Focus on transitioning your active income to passive income and don't get distracted. All right, if you're ready for a change, you're ready to take action.   partner with us on one of our next passive real estate deals. Go to passiveincomeattorney.com and join our Esquire Passive Investor Club. All right, kiddos, as always, enjoy the journey.   Thank you for listening to the Passive Income Attorney Podcast with Seth Bradley. Do you want more ideas on how to generate multiple streams of passive income? Then jump over to passiveincomeattorney.com for show notes and resources. Then apply for the private Facebook community by searching for the Passive Income Attorney on Facebook. And we'll see you on the next episode.   Links from the Show and Guest Info and Links: Seth Bradley's Links: https://x.com/sethbradleyesq https://www.youtube.com/@sethbradleyesq www.facebook.com/sethbradleyesq https://www.threads.com/@sethbradleyesq https://www.instagram.com/sethbradleyesq/ https://www.linkedin.com/in/sethbradleyesq/ https://passiveincomeattorney.com/seth-bradley/ https://www.biggerpockets.com/users/sethbradleyesq https://medium.com/@sethbradleyesq https://www.tiktok.com/@sethbradleyesq?lang=en J. Scott's Links: https://www.linkedin.com/in/jscottinvestor/ https://www.instagram.com/jscottinvestor/ https://x.com/jscottinvestor https://linktr.ee/jscottinvestor

Stacey McEvoy, partner at Hogan Lovells, was a guest on the latest episode of the REIT Report podcast. She discussed REIT transaction activity, capital raising, legal and regulatory issues facing the industry, and more. McEvoy noted that REITs demonstrated resilience in the first half of 2025 and pointed out that those REITs that have maintained disciplined balance sheets have been the most successful at navigating market volatility. “I do think the modest positive performance that REITs have experienced during these uncertain times have left them well-positioned to achieve stronger performance in 2026 as the markets stabilize,” she said. McEvoy also said the market is continuing to feel the effects of the high cost of capital from the last couple of years, along with higher cap rates. “And although those have been declining, investor sentiment remains cautious. As a result, transaction volume has been down.” 

In this Multi-family Masterclass episode, host Bart Diehl sits down with Jason Manwaring, CEO of Neighborhood Ventures, to deliver a concise investor update across the portfolio. They cover Venture on 36th Street—fully renovated, now targeting rent growth and moving from bridge to permanent financing; Venture on 17th—stabilized townhome community with strong long-term rent upside as new supply is absorbed; and Venture on Route 66 (Flagstaff)—steady cash flow supported by fixed debt, with options under review, including potential fit for the Neighborhood Ventures REIT. The discussion also spotlights the Arizona Multifamily Opportunistic Fund (recent acquisitions on Coulter and 52nd) and its disciplined, price-sensitive pipeline. Finally, they share leasing progress at Venture on Broadway (Tempe)—anchored by Dunkin, with two additional tenants secured pending TI approvals—against the backdrop of Broadway's rising corridor traffic. Clear takeaways on operations, financing, and timing round out a pragmatic outlook for 2025.

Bart sits down with CEO Jason Manwaring to break down Neighborhood Ventures' latest moves amid a frozen resale market and higher interest rates. They cover why NV launched the Arizona Multifamily Opportunistic Fund, how it scooped up Venture on Colter and Venture on 52nd Street at 30–35% discounts, and why Venture on 12th Place was added after solving a tough refinance gap—now sitting on permanent debt with recent appraisals around ~$9M. They also update the NV REIT (MBE)—currently paying a 5% monthly dividend with stabilized, cash-flowing assets in Phoenix and Flagstaff—and preview new acquisitions in the pipeline. Property spotlights include Venture on 36th Street (fully occupied; moving to permanent financing) and Venture on 17th (stabilized with rents trending up). If you're evaluating where to put capital in today's market, this episode explains NV's buy-right, operate-well, and exit-smart playbook.

What level of proof is required before sounding the alarm? When risks are identified, should they be broadcast widely, or kept within a limited circle? What happens when victims are silenced, ignored, or when abuse is covered up? How can we, as a community, ensure that abuse is never minimized or swept under the rug? What role do journalists, news outlets, and podcasts play in exposing the truth and safeguarding the public? Host: Ari Wasserman, author of the newly published, revised and expanded book Making it Work, on workplace challenges and Halachic Q & A on the Job with Rabbi Yonah Reiss – Av Beis Din of the CRC – 12:24 with Rabbi Yosef Blau – Member of the Baruch Lanner Beis Din and Mashgiach Ruchani at REIT's for almost 50 years – 46:53 with Mrs. Nicole Meyer – advocate against abuse – 1:26:12 with Avi Schick, Esq. – partner at Faegre Drinker international law firm – 1:44:50 Conclusions and takeaways – 2:00:29 Rabbi Berel Wein ZT”L – never published interview – Recalling his first day at work - 2:06:06 מראי מקומות   

On this episode of the Passive Income Playbook, Pascal Wagner interviews Chris Reece about lending against cannabis-licensed real estate and why he underwrites properties to an alternative (non-cannabis) use to de-risk senior mortgages on stabilized assets. They dig into MJ REIT's evergreen, 506(c) structure—monthly subscriptions/redemptions, no lockup, a $25k minimum—and its goal of double-digit annualized distributions (11.27% net since inception) paid monthly. Chris contrasts construction lending vs. stabilized assets, explains how federal illegality (Schedule I/280E, SAFE Banking stalls) shapes the opportunity, and why today's “gray zone” may persist for several years even as state markets expand. The conversation closes with how LPs should diligence cannabis debt funds: team/IC depth, conservative LTVs, consistency through cycles, and alignment on risk. Chris Reeze Current role: Founder & CEO at MJ REIT Based in: Greater Philadelphia Are Say hi to them at: mj-reit.com, LinkedIn Visit investwithsunrise.com to learn more about investment opportunities.  Get 50% Off Monarch Money, the all-in-one financial tool at www.monarchmoney.com with code BESTEVER Join the Best Ever Community  The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It's free to join, but you must apply and meet the criteria.  Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

It's easy to believe that having more money would fix everything—that if we just had enough, life would finally feel secure, peaceful, and even meaningful.From lotteries to luxury ads, our world constantly tells us that more wealth is the goal. But Scripture invites us to ask a better question: not how much money do I have?—but why do I want it in the first place?Money itself isn't the problem. Scripture never condemns wealth. But it does warn us about the heart behind it. The late Larry Burkett, a mentor to many in biblical finance, once said there are seven reasons people pursue wealth—and six of them can lead us astray. Why? Because when money becomes our focus, it often takes the place of God.Before we talk about how to use it, we need to ask: What's driving us to accumulate it?1. ConformitySome pursue wealth simply because everyone else is. Whether from family pressure or cultural expectations, they chase money without asking if it's what God wants.Romans 12:2 reminds us: “Do not conform to the pattern of this world, but be transformed by the renewing of your mind.” God calls us to live in alignment with His Kingdom—not the world's standards.2. EnvyOthers look at their neighbor's lifestyle and crave the same.Ecclesiastes 4:4 says: “All toil and all achievement spring from one person's envy of another. This too is meaningless, a chasing after the wind.”Envy leaves us restless—always reaching, never resting.3. CompetitionFor some, wealth is a scoreboard. It's not about having enough—it's about having more than others.But when competition drives us, life becomes a race, and people become obstacles. Philippians 2:3 offers a better way: “Do nothing out of selfish ambition or vain conceit. Rather, in humility value others above yourselves.”Kingdom living doesn't play to win—it plays to serve.4. EgoMany tie wealth to identity. They want to be seen as successful, admired, and important. Even their giving can become a form of self-promotion.Paul redirects us in 1 Timothy 6:17: “Command those who are rich in this present world not to be arrogant nor to put their hope in wealth … but to put their hope in God, who richly provides us with everything for our enjoyment.”Wealth isn't a trophy—it's a tool.5. Love of MoneySome simply love money. They obsess over their accounts and fear losing it.1 Timothy 6:10 warns: “The love of money is a root of all kinds of evil.” This isn't about having money—it's about being ruled by it.6. SecurityOthers pursue wealth out of fear. Wealth can create the illusion of safety.Proverbs 18:11 says: “The wealth of the rich is their fortified city; they imagine it a wall too high to scale.”But that security is imagined. Real peace doesn't come from what we've saved, but from the One who holds us.7. Generosity: The One Good ReasonSo, what's the one God-honoring reason to build wealth? To give it away.Generosity flows from a heart that sees money not as a possession to protect, but as a tool to serve. Jesus summarized this in Matthew 22:37–39: “Love the Lord your God … and love your neighbor as yourself.”Dr. Justo González notes in Teach Us to Pray that when we ask for “our daily bread” in the Lord's Prayer, it's a communal request. If we have more than we need today, it's not accidental—it's providential. What's in your hands may be God's answer to someone else's prayer.St. Augustine put it this way: “Find out how much God has given you and from it take what you need; the remainder is needed by others.”The early church modeled this in Acts 4:34: “There was not a needy person among them.”The Call to StewardshipBuilding wealth isn't about hoarding or raising our net worth. It's about aligning resources with God's purposes and becoming participants in His provision for others.When financial goals are rooted in love for God and neighbor, wealth becomes a ministry—not a measure of success.Let God reshape your reason for building wealth, and discover the joy of using what He's given you to bless others and glorify Him.On Today's Program, Rob Answers Listener Questions:I'd like to understand what a real estate investment trust (REIT) is and how it works, especially in relation to my retirement savings. Do REITs tend to lose value over time?I'm thinking about selling my house and moving into a 55-plus community. Would it make sense to use the equity from my home to pay off my mortgage and credit card debt, thereby simplifying my finances?I'm trying to set up a trust and would like to know what to expect in terms of pricing. Is there a standard fee, or are there other factors I should be considering?My husband recently passed away and left me a significant amount of money. Since he handled all our finances, I'm unsure whether I should invest in annuities or spread the money across various investments. What would you recommend?I received a letter from the IRS about a retirement account in another state that I'd completely forgotten about. I've tried contacting my former employer, but can't locate the account. Should I be concerned, or will the IRS resolve this issue?Resources Mentioned:Faithful Steward: FaithFi's New Quarterly Magazine (Become a FaithFi Partner)Wise Women Managing Money: Expert Advice on Debt, Wealth, Budgeting, and More by Miriam Neff and Valerie Neff Hogan, J.D. National Registry of Unclaimed Retirement BenefitsWisdom Over Wealth: 12 Lessons from Ecclesiastes on MoneyLook At The Sparrows: A 21-Day Devotional on Financial Fear and AnxietyRich Toward God: A Study on the Parable of the Rich FoolFind a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)FaithFi App Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.

In this powerful first part of a two-part conversation, Dwayne Kerrigan sits down with longtime friend and business leader Jason Castellan, Co-Founder & CEO of Skyline Group of Companies.Jason shares how growing up in small-town Walkerton, Ontario, instilled humility, resilience, and a relentless work ethic that carried him from hockey rinks and hayfields to co-founding one of Canada's most respected real estate investment firms.From his first student rental at the University of Guelph to overseeing $9 billion in assets under management and 1,000 employees, Jason pulls back the curtain on what it really takes to scale a business: financing hacks, the importance of partnerships, knowing when to let go, and why trust and relationships are more valuable than capital.This episode is a masterclass in grit, community-driven leadership, and building wealth with integrity.Timestamps00:00 – The myth of the straight path in business & near-bankruptcy moments01:30 – Introducing Jason Castellan & Skyline's $9B journey04:00 – Lessons from Walkerton: humility, farming roots & mentorship07:00 – Childhood, hockey dreams, and how sports shaped his competitiveness13:00 – The first student rental at Guelph and early entrepreneurial lessons15:30 – Scaling to 52 houses: financing, sweat equity & creative problem-solving21:00 – Financing strategies: trust, relationships, and building a social network27:00 – Building your own legend: why life outside business matters30:00 – Person vs. story: what investors really buy33:00 – Facing doubt, trust, and learning to scale through partnerships39:00 – Business battles, resilience, and “one more round” perseverance42:30 – Experience creates strategy: when to let go & hire experts46:00 – Leveraging talent: how Skyline attracted top-tier leaders50:00 – Roadshows, raising capital & building Skyline's REIT structure55:00 – Closing thoughts: responsibility, growth, and investor trustNotable Quotes“Build your legend. Be more than just a businessperson—have stories, have character, have a life that's interesting to share.” – Jason Castellan“Face-to-face relationships are the currency of real estate—and of business.” – Jason Castellan“I wouldn't have a fraction of what I have today if it wasn't for partners.” – Jason CastellanResources & MentionsSkyline Group of Companies → SkylineSkyline Apartment REIT → Learn moreSkyline Industrial REIT → Learn moreSkyline Retail REIT → Learn moreSkyline Clean Energy Fund → Learn moreKey TakeawaysBusiness is never a straight line – resilience and adaptability are everything.Partnerships can multiply success – sweat + equity =...

A lot of people are wondering: “Did I miss the boat on self-storage? Is it too saturated?” The short answer? No. In fact, right now may be the right opportunity to start! In this episode of the Storage Wins Podcast, Alex Pardo unpacks the truth behind the “saturation myth,” why the best deals are hiding in plain sight, and the single biggest danger that wipes out most would-be investors. If you have been second-guessing yourself or thinking storage is “too late,” this episode will give you the clarity and the confidence to move forward. You'll Learn How To: Reframe the “saturated” storage myth and see where the real opportunities are Spot the difference between REIT deals and investor-friendly markets Find and locate mom and pop operators that most people overlook Apply key market filters to identify strong storage markets What You'll Learn in This Episode: (00:56) Why storage right now is the opportunity of a lifetime (03:09) FOMO is often misleading (03:59) Where REITs play and why you shouldn't follow them (05:06) The real opportunity isn't found where everyone else is looking (06:13) Storage is a recession-resilient business (06:49) The self-storage industry is still fragmented (07:43) Opportunity for value-add deals (09:48) Case study: Mario's first deal and how community accelerated his success (11:57) The real danger is your hesitation and excuses (13:38) Key components and elements of a strong storage market (15:53) Why community and accountability shortcut your journey Who This Episode Is For: W-2 employees who have never done a deal before but want to start Burned-out wholesalers, flippers, and investors who want more out of their business New investors worried they are “too late” to start in self-storage Entrepreneurs searching for cash flow and long-term wealth Why You Should Listen: If you have been paralyzed by fear of missing out, this episode is your wake-up call. Storage isn't “done.” It's just beginning, and the best deals are within your reach. Alex Pardo shows you where to look, what traps to avoid, and how to take action before hesitation costs you everything.   Follow Alex Pardo here: Alex Pardo Website: https://alexpardo.com/ Aex Pardo Facebook: https://www.facebook.com/alexpardo15  Alex Pardo Instagram: https://www.instagram.com/alexpardo25  Alex Pardo YouTube: https://www.youtube.com/@AlexPardo  Storage Wins Website: https://storagewins.com/ Get access to Alex's storage buy box template, 100% free by visiting storagewins.com/storageavatar 

Nareit's Steven Wechsler explains the advantages of investing in real estate through REITs. The conversation touches on the evolution of REIT sectors, the impact of interest rate movement, liquidity and tax efficiencies and the wide range of investment options available.Key takeaways: · Organized to Provide Structural Discipline and Tax Efficiency: REITs must distribute at least 90% of taxable income annually and maintain strict asset and income thresholds, creating a disciplined framework that supports consistent investor returns. · Public REITs Are Conservatively Managed: With average leverage around 30%, public REITs are significantly less leveraged than private real estate vehicles, reducing financial risk and enhancing long-term stability. · Global Options: REITs are publicly traded in major markets around the world. · Positioned for Opportunistic Acquisitions: REITs with strong balance sheets and access to capital are well-positioned to acquire assets or portfolios when pricing becomes accretive. · Provide Access to Emerging Asset Classes: The REIT structure includes data centers, cell towers and healthcare facilities, aligning with broader economic and technological changes.