Podcasts about syndicators

In the first episode of Deconstruct's fourth season, host Suzannah Cavanaugh and new co-host Joe Lovinger dive into the swelling concerns and a potential turning point for multifamily owners and operators. Listen for their analysis and Suzannah's conversation with Sean Kia and Ryan Andrade, principals of the fast-growing and oft-criticized Tides Equities.

In this episode, Syndication Attorneys' Founder Kim Lisa Taylor and Business Development Director Krisha Young discuss capital raising for real estate syndicators, fund managers, and developers. Whether you're starting or scaling your portfolio, understanding how to secure capital is essential. We'll explore effective capital-raising strategies, key financial metrics investors focus on, and the types of funding available. We'll cover legal and regulatory considerations, offer advice on avoiding common mistakes, and provide strategies for building strong relationships with passive investors. Whether navigating your first deal or refining your strategy, this episode will offer valuable insights.Effective Ways to Raise Capital (00:03:28)Kim Lisa Taylor suggests raising capital locally while investing globally. Building relationships with investors through local events, meetups, and networking is key. Hosting live events, one-on-one meetings, or informal gatherings like cocktail parties helps expand your network and meet potential investors.Key Financial Metrics for Investors (00:09:24)Investors want to know how long their money will be tied up, expected returns, and exit strategies like refinancing or selling. They compare metrics to other opportunities and also assess the team and their relationship with the syndicator.Types of Funding for Real Estate Projects (00:12:07)Syndicators often need both investor and lender financing. Lender financing is typically cheaper, so combining both can help maximize returns for investors. Calculating cash-on-cash returns and distributable cash is vital for assessing a project's viability.Determining Capital Needed for a Project (00:20:06)Syndicators should calculate the total costs, including purchase price, closing costs (3%), acquisition fees (1-5%), capital improvement budget, operating capital, reserves, and pre-closing expenses. The amount needed from investors is the total minus lender financing.Legal and Regulatory Requirements (00:25:44)Syndicators must comply with securities laws, often using federal exemptions like Regulation D Rules 506(b) or 506(c). This involves preparing legal documents, filing forms with the SEC, and ensuring investors are qualified. Corporate structuring is crucial for liability protection and control.Maintaining Control Over Projects (00:41:39)Syndicators can maintain control by raising capital from individual investors rather than venture capitalists or private equity firms, who often want a say in decision-making. Individual investors are more likely to allow the syndicator to manage the project as long as they act in the investors' best interests.Common Mistakes When Pitching Deals (00:43:09)A common mistake is failing to present a clear, coherent story about the project's vision, plan, and projected returns. Syndicators should organize information logically, explain assumptions clearly, and keep investors informed of any changes.Fostering Long-term Investor Relationships (00:48:41)Building lasting relationships with investors involves keeping them informed about current and future investments, market conditions, and potential impacts on deals. Listening to investors' input and maintaining transparency helps build trust and ensures ongoing support.

More than two decades ago, the Federal Reserve joined with the federal government to make housing more affordable. The first housing bubble popped in 2008, and a second bubble is on its way to bursting.Original Article: Are apartment syndicators incompetent or crooked? The answer is yes

More than two decades ago, the Federal Reserve joined with the federal government to make housing more affordable. The first housing bubble popped in 2008, and a second bubble is on its way to bursting.Original Article: Are apartment syndicators incompetent or crooked? The answer is yes

Join Our Very Own Securities Attorneys, Kim Lisa Taylor and Mola Bosland, as they discuss the common mistakes Real Estate Syndicators make and how you can avoid them. During this event, Kim and Mola will share some of the things that have caused their clients' offerings to fail; and some tips that can help you succeed.Action Items00:06:08 Build an investor database by talking to potential investors daily, networking, and establishing relationships before seeking capital for deals.00:14:07 Avoid over-diversifying fund offerings by focusing on a specific asset class and geographic area where you have a proven track record.00:24:23 Thoroughly review and understand loan terms, particularly for bridge debt, and seek long-term loans or extensions whenever possible to mitigate risks.00:20:37 Hire securities attorneys during the due diligence period when a purchase and sale agreement is signed and after reviewing property financials.00:26:29 File securities notices with the SEC and state agencies within required deadlines to avoid fines, loss of exemptions, or regulatory actions.00:31:57 Fully disclose compensation structures for the management team to investors in the private placement memorandum (PPM) or explicitly state that compensation amounts are unknown but could be substantial.00:46:57 Seek out reputable coaching programs or experienced mentors, particularly for new syndicators, to avoid common pitfalls and develop necessary skills.

Ready to unlock the secrets of raising billions in real estate capital? Dive into the mind of Mauricio Rauld, the legal mastermind behind $5B+ in fundraising success. This explosive episode reveals the good, the bad, and the downright ugly of syndication and fund management. Discover insider tips that could revolutionize your capital-raising game, and uncover the hidden pitfalls that sink even seasoned pros. From little-known legal loopholes to game-changing strategies, Rauld holds nothing back. Don't let your competition get the upper hand – tune in now and arm yourself with the knowledge that separates the titans from the amateurs in the high-stakes world of real estate investing. Key Takeaways to Listen ForLegal Pitfalls in Capital Raising: Uncover the most common legal mistakes syndicators make and how to avoid them.Structuring Billion-Dollar Deals: Learn the intricate details of how top-tier real estate funds are structured for maximum investor appeal.Compliance Secrets: Discover little-known regulatory compliance strategies that can save you time, money, and legal headaches.Investor Psychology: Understand the psychological triggers that motivate high-net-worth individuals to invest in real estate syndications.Future of Fundraising: Get Mauricio's expert predictions on upcoming trends and technologies that will reshape capital raising in real estate.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedin: Tim MaiYouTube: Tim MaiConnect with UsTo learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com. Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/.To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form.

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep with Brian Burke, president and CEO of Praxis Capital. With over $800 million in real estate acquisitions, Brian shares his seasoned perspective on navigating the unpredictable real estate market, preserving capital, and strategizing investments for long-term success. Whether you're a new investor or a seasoned veteran, Brian's insights on current market trends and his prudent approach to investment offer invaluable lessons in cautious yet successful real estate investing. Don't miss out on these expert insights – tune in now!  About Brian Burke Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm, which he founded in 2001.Brian has acquired over 800 million dollars' worth of real estate over a 30-year career including over 4,000 multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Brian has subdivided land, built homes, and constructed self-storage, but really prefers to reposition existing multifamily properties. Brian is the author of The Hands-Off Investor: An Insider's Guide to Investing in Passive Real Estate Syndications, and is a frequent public speaker at real estate conferences and events nationwide.   Here are some power takeaways from today's conversation:3:00 Has he lost any investor's money4:00 When is it the time to buy?6:30 Will rate caps go down? 8:43 Will escrow help with rate caps?11:03 Investor expectations18:11 debt funds23:12 Forecast for 2024 29:31 Floating rate debt 37:12 Syndicators in technical default of their loan covenant 39:46 Should LP invest in multifamily right now?41:22 Pref equity and rescue funds on underperforming deals45:07 How many investors should an LP invest with to diversify your portfolio 48:40 Bridge mortgage fund51:51 Podcast recommendation52:45 Contact Brian This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.       Resources Mentioned:Website: www.PraxCap.comLinkedIn: www.linkedin.com/company/praxcapLinkedIn: www.linkedin.com/in/praxiscapitalFacebook: https://www.facebook.com/praxcap/Twitter: https://twitter.com/praxcapInstagram: https://www.instagram.com/praxcap/Instagram: https://www.instagram.com/investorbrianburkeBook:  www.BiggerPockets.com/SyndicationBook Podcast Recommendations:Bigger Pockets: https://www.biggerpockets.com/Advertising Partners:Left Field Investors:https://www.leftfieldinvestors.com/Rust Belt Capitalhttps://rustbeltcapital.com/Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/

Today, Marco and his co-host tackles topic on how and why two 7 figure real estate wholesalers shifted their usual day jobs into getting cash flow properties.   CONNECT WITH US  Email: marco@marcokozlowski.com Website: https://marcokozlowski.com Facebook: https://www.facebook.com/realmarcokozlowski/ Instagram: https://www.instagram.com/marco.kozlow

Welcome to the Multifamily Investing Academies podcast with Charles Dobens, founder of the Multifamily Investing Academy. In this episode, Charles breaks down a recent Real Deal article titled "Syndicators are sinking. Who'll make it out alive?" He discusses the challenges inexperienced syndicators face, emphasizing the importance of transparent communication. Charles shares stories of syndicators in financial distress and highlights the impact on creditworthiness. The episode explores the consequences of denial and misinformation and advises on navigating foreclosures. Charles provides insights into the next market opportunities, focusing on distressed assets at local banks. For more multifamily insights, visit multifamilyos.com, and check out Charles's weekly live sessions on www.youtube.com/multifamilyinvestingacademy. Remember, if you're not making offers, real estate is just an expensive hobby. Stay tuned for more valuable discussions! Read full Real Deal Article Charles Dobens' YouTube Channel Multifamily Investing Academy

Today, we're going to start counting down to the new year by looking back at some of the best episodes from the Best Ever Show in 2023. So what we've done — and what we'll do over the next five days heading into 2024 — is pull some of our favorite Best Ever segments from shows throughout the year so you can get educated and inspired as we move into the new year. In this episode, we'll focus on multifamily, pulling clips from episodes with Vikram Raya, Patrick Grimes, Jay Balekar, and the king of creative finance, Pace Morby. Vikram discusses how he went from Zero to $700M AUM in about eight years, including acquiring his first property, a 118-unit deal on a C-class property outside of Atlanta that he and his partners only got the inside track on because the lead buyer backed out after there was a murder on the property. Meanwhile, Patrick explains some of the biggest lessons he learned from the recent economic downturn, Jay provides his tips on working with third-party property management companies, and Pace explains the Zero down, 4% seller finance deal he did that became the standard for his multifamily deals.   You can listen to the full episodes below.​​ JF3254: Vikram Raya — Making the Jump From Medicine to Real Estate, 6 of the Worst Mistakes Syndicators Make, and Understanding the Power of Marketing and Branding JF3225: Building a $650 Million Multifamily Portfolio After Losing It All in 2008 ft. Patrick Grimes JF3343: Jay Balekar — Strategies for Growing 400+ Units in Two Years JF3118: 1,500 Doors in One Year with Creative Financing ft. Pace Morby   Sponsors BAM Capital  

Mauricio Rauld, SEC Attorney with over 25 years of experience in real estate syndication law, shares what syndicators need to know to avoid SEC violations. He highlights some of those most common mistakes he sees syndicators making, why capital raisers need to speak with an SEC attorney, and the impact the Corporate Transparency Act will have on investors. Key Takeaways: Building Investor Relationships: Mauricio emphasizes the importance of quality interactions over time in order to protect yourself against relationship-based SEC violations. He clarifies that the SEC doesn't have a specific timeframe but looks for the depth of the relationship. A three-day field trip with meaningful conversations can be more effective in establishing a substantial relationship than a year of one-sided communication through newsletters or social media. Corporate Transparency Act (CTA): Mauricio highlights the upcoming CTA, set to take effect in 2024. This act requires individuals with ownership or control of entities to provide personal information, including home addresses and driver's license details, to combat money laundering and tax evasion. Failure to comply with the CTA can result in substantial penalties, making it crucial for investors to stay informed and ensure compliance. Common SEC Pitfalls: Mauricio highlights the three most common violations syndicators commit, which include not realizing they are selling a security, getting compensated to raise capital for sponsors, and promoting a deal on social media. Mauricio Rauld | Real Estate Background Founder of Premier Law Group, SEC Attorney Portfolio: LP in syndication deals Based in: Macomb, MI Say hi to him at:  LinkedIn Drunk Real Estate Podcast  Best Ever Book: Buy Back Your Time by Dan Martell Greatest Lesson: Trust, but verify. You can never go wrong doing proper due diligence to protect yourself in any deal.   Sponsors BAM Capital

Michael Guthrie is the co-owner and VP of Sales of a multimillion-dollar automated teller machine distributorship, Automated ATM Solutions, Inc. He's a Capital Raiser, Multifamily Investor and Syndicator at Pacific Capital LLC, currently owning over 8,280 doors across multiple markets, providing a passive income. Together with Samantha Guthrie, they have raised over $65 Million for Syndications in the past 14 months across 12 separate Syndications as a General Partner. They have 23 years of real estate investment experience, including property management of apartments and single-family homes. They are Multifamily Investors, Syndicators. In our podcast, Michael shares how he became an expert capital raiser and how that skillset led him to becoming a real estate investor involved in over 8000 units of multifamily and commercial properties. Michael also shares how he is able to raise capital from investors with ease and what his best tips are on how to manage investor relations, raise capital without selling, and how to become a real estate investor even if you have no experience in real estate! You Can Find Michael @: Website: https://pacificcapitalllc.com/ Email: michael@pacificcapitalllc.com Phone Number: 509-270-6701

To access a FREE collection of resources, go to www.TheMaverickVault.com    You're in for a treat because Debbi DiMaggio joins us in this episode to highlight the lessons she learned from her syndication father that have shaped her success in the real estate industry and tons of value from her 35 years of extensive background in the business. You don't want to miss out!     Key Takeaways From This Episode Pros and cons of being a local vs. a remote investor  Top 3 invaluable lessons for a successful property investment  Things to consider when outsourcing a property manager  Reasons why investors prefer residential real estate  Practical advice for overcoming obstacles faced by property investors      References/Links Mentioned Atomic Habits by James Clear | Kindle, Audiobook, and Hardcover     About Debbi DiMaggio Debbi DiMaggio is an author, real estate leader, mom, and philanthropist, a master marketer, community builder, and tech-savvy guru who embraces the fast-paced Real Estate market. A REALTOR® in the top 1% of all real estate agents nationwide, Debbi has also authored 4 books: Contained Beauty (2012), The Art of Real Estate (April 2015), which she co-wrote with husband and partner Adam Betta, Real Estate Rules! 52 ways to achieve success in real estate (April 2016) and during COVID, Beauty At Any Age, because Age is Just an Attitude (2020).   Philanthropy has always been the cornerstone of her success. Doing what she loves, helping people, whether through real estate, her charity work, books, blogs, and now as a coach/consultant under the 'DiMaggio Difference.' Helping others gives success true meaning has always been her motto. So it was only a matter of time before she formally launched her coaching and consulting business in order to help others find their own success.     Connect with Debbi  Website: Debbi DiMaggio LinkedIn: Debbi ★ DiMaggio ★ Corcoran Icon Properties DiMaggio Betta Group Real Estate  Facebook: Debbi DiMaggio Realtor Lifestyle Architect  Instagram: @debbidimaggio  Pinterest: @debbidimaggio  X: @DebbiDiMaggio   Are you a passive real estate investor seeking financial freedom? Almost daily, new headlines break on the latest financial market upset. Now is the time to get educated on how to strategically invest in commercial real estate for long-term financial freedom. Grab your copy of “How to Passively Invest in a Changing Economic Environment” Go to…www.MavericksInvest.com    Want to keep up to date on the commercial real estate market, trends, investing tips and know what Neil is buying right now? Connect with him at https://AgentOptional.com and be sure to register for his newsletter.    Connect with Neil Timmins on LinkedIn. If there is a topic you want to know more about or a guest that you would like to see on the show, shoot Neil a message on LinkedIn.      About Neil Timmins Neil is a commercial real estate syndicator, published author, and podcast host.   Neil's entry point into the Real Estate industry came after a few short years in banking. Recognized by the Wall Street Journal as a Top 100 team and the #1 REMAX agent in Iowa by the age of 29, Neil had solidified his role as a force in the industry.   Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner-Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive.   Neil, however, didn't go looking for his first commercial deal, he actually stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow.   Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial asset classes include apartments, offices, mobile home parks, and self-storage units, his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and this successful podcast.   Neil and his wife, Emily, are the proud parents of three active teenagers. Those who know Neil say he is a competitor by nature, whether for the biggest fish on a deep-sea fishing trip, the best ribs at a barbeque, or playing football back in his day at his alma mater, the University of Nebraska at Omaha as a Maverick. Neil is always up for travel, spending time on the water, and of course, meeting people interested in learning about and investing in commercial properties.   Click here to see video of the podcast. 

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MapableUSA.com: Multifamily investing can only go up because housing is always a concern, right? Well, the truth of the matter is that the multifamily and commercial real estate markets are experiencing an unprecedented level of stormy turbulence. In this podcast, Neal Bawa, the CEO and founder of MultifamilyU and Grocapitus explains the many factors wreaking havoc on this investment landscape – and how you can find the silver lining present in every storm many call “opportunity”.

If you don't understand the difference between real estate counsel and corporate securities counsel, here's your chance to hear it from 2 experts. During this Podcast, Attorney Kim Lisa Taylor will interview Bishoy Habib, a Commercial Real Estate Attorney and Syndication Attorneys' Team Member. Bishoy will explain why having a Commercial Real Estate Attorney involved in your syndicated deals is crucial to your success. He will help you understand why going it alone can cost you big, in terms of time, money, and lost opportunities.   Episode at a glance:Learn what a PSA is and why you shouldn't just use a template for oneGain an understanding of why it is important to have an attorney help with review of loan documentsDiscover what you should be looking for in a title insurance commitmentExplore the types of legal agreements commonly required by commercial real estate investors

Two years back, when money was still cheap, a new crop of investors was getting in on the red-hot multifamily market. Syndicators — investors who pool money to buy properties — turned to floating-rate debt to quickly close on deals when demand was at its peak. After a year and a half of rate hikes, many of those fledgling investors are now grappling with distress. Nuvo Capital Partners' Brian Underdahl discusses the catalysts behind that boom and how his firm is working with borrowers to save troubled deals.

Don't Miss Out: Discover the Best Investment Opportunities for Your Golden Years!   In this video, Vinney Chopra

Many real estate syndications are facing absolute failure in 2023. But, even if you aren't investing in any, this could be a learning experience like no other to help you build your wealth in the future. If you've never heard of a real estate syndication before, here's a quick summary: a real estate syndication is where an “operator” raises money from a group of investors to buy a large commercial property, often an apartment complex, self-storage facility, or housing community. Over the past ten years, these investments have boasted massive profits, but everything is about to change. Real estate syndications face obstacles like they never have before. Rising interest rates and vacancies, a backlog of evictions, plummeting prices, and inexperienced operators who have NEVER been in a down market. These failed deals could lead to opportunities for you to invest at a massive margin, but how do you know which deal is worth putting money into? J Scott, world-famous investor, flipper, syndicator, and author, is on the show to explain exactly what to look for in a syndication, whether investing now is the right move to make, and what to know before investing in a syndication. The right syndication can make you hundreds of thousands in a completely hands-off, passive investment. The wrong syndication can tank your entire net worth. How do you know which is which? Tune in!   In This Episode We Cover Syndication investing explained and whether putting money into this “passive” investment is worth it The commercial real estate crash and why property values are plummeting Massive economic headwinds syndicators face in 2023 and why many won't survive The danger of “floating rates” and why many syndicators could be forced to sell Accredited vs. non-accredited investors and who should consider syndication investing The most critical question you should ask ANY syndicator   And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Scott's Instagram Mindy on BiggerPockets Grab Scott's Book, “Set for Life” Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Money Moment Grab the Best-Selling Real Estate Books by J Scott Syndications: Everything You Need to Know BEFORE You Invest The Biggest Crash Imaginable is Coming For Commercial Assets REITs: How to Make Real Estate Money WITHOUT Owning Rentals w/Jussi Askola  Click here to check the full show notes: https://www.biggerpockets.com/blog/money-456   Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email us: moneymoment@biggerpockets.com   Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of Passive Income Pilots, Tait and Ryan interview Derreck Long.Derreck Long is a Senior IRA Specialist at Quest Trust Company. Quest manages IRAs for “alternative” investments like real estate, notes, oil and gas, and private placements, among many others. Derreck became a Self-Directed IRA and Solo 401K Expert in 2017. He received a CISP from the American Banking Association, spoke at hundreds of events around the United States, and even participated in lobbying efforts with Congress. Derreck provided valuable insights into the workings of self-directed IRAs, including ways to get money into retirement accounts. He touches on the contribution limits for different types of retirement accounts and the process of rolling over a Thrift Savings Plan (TSP) account. He discussed the complex terminology of self-directed IRAs, like Unrelated Debt-Financed Income (UDFI) and Unrelated Business Income Tax (UBIT). Understanding these terms is vital as they can impact the taxation of IRA investments. Derreck also highlighted the potential impact of new tax laws on custodian investments. Enjoy the show!Show notes:[1:31] Self-directed IRAs and custodians[3:39] Active employer funds vs. external funds[4:53] What you can put in an IRA[7:02] Getting money into a retirement account[10:46] Setting up a self-directed IRA[12:18] Informing the old plan provider[14:52] Choosing the right custodian for self-directed investments[17:58] Specialized custodians for different types of investments[20:38] Contribution limits and consolidation of retirement accounts[21:25] Rolling over TSP to an IRA[23:10] Importance of due diligence and working with experts[25:28] Personalized customer service and assistance with IRAs[29:24] Syndicators avoiding IRAs due to plan asset regulations[33:53] IRAs and depreciation[35:21] History of UDFI[37:34] UDFI, UBIT and taxes[41:18] Introduction to retirement accounts[43:46] Choosing between Roth and traditional IRA[45:14] Custodian fees[49:03] How to reach out to Derreck[50:50] OutroLinks mentioned:#10 - Reduce Your Taxes & Maximize Returns Using PROVEN Investment Strategies with Toby Mathis - https://podcasts.apple.com/us/podcast/10-reduce-your-taxes-maximize-reLegal DisclaimerThe content of this podcast is provided solely for educational and informational purposes. The views and opinions expressed are those of the hosts, Tait Duryea and Ryan Gibson, and do not reflect those of any organization they are associated with, including Turbine Capital or Spartan Investment Group.The opinions of our guests are their own and should not be construed as financial advice. This podcast does not offer tax, legal, or investment advice. Listeners are advised to consult with their own legal or financial counsel and to conduct their own due diligence before making any financial decisions.The hosts, Tait Duryea and Ryan Gibson, do not necessarily endorse the views of the guests featured on the podcast, nor have the guests been comprehensively vetted by the hosts.Under no circumstances should any material presented in this podcast be used or considered as an offer to sell, or a solicitation of any offer to buy, an interest in any investment. Any potential offer or solicitation will be made exclusively through a Confidential Private Offering Memorandum related to the specific investment. Access to detailed information about the investments discussed is restricted to individuals who qualify as accredited investors under the Securities Act of 1933, as amended.Listeners are responsible for their own investment decisions and are encouraged to seek professional advice before investing....

Collectively, this group has syndicated hundreds of millions of dollars of commercial real estate projects across the country. So today, we're diving into how we got started in syndication, the pros and cons of utilizing this real estate investment strategy, and how to get started if you're interested in syndicating your own deals.https://www.tylercauble.com/podcast/episode152

The Real Deal's Deconstruct is back with a fresh season of interviews, deep dives and market analysis on Tuesday, September 5. After that, catch us every Monday on Apple, Spotify, TheRealDeal.com or wherever else you love to listen. Talk soon!

Tony Lopes is the CEO of Dirty Boots Capital, which focuses on helping clients achieve more freedom, wealth, peace, and certainty. In this episode, Tony discusses how he utilized real estate investing to retire at 44 years old and the lessons he's learned along the way. He reflects on the value of knowing your own strengths and using the power of networking in an industry where most people share their knowledge for free.   Tony Lopes | Real Estate Background CEO of Dirty Boots Capital Portfolio: 200+ assets under management Based in: NH and FL Say hi to him at:  dirtybootscapital.com Instagram LinkedIn YouTube Best Ever Book: Who Not How by Dan Sullivan Greatest Lesson: Once you've learned something, put a system in place and move onto the next thing you need to learn.   Click here to learn more about our sponsors: Techvestor Rent to Retirement Small Axe Podcast BAM Capital

Vikram Raya is the CEO and co-founder of Viking Capital, a multifamily boutique with nimble investment sourcing, structuring, execution and asset management capabilities. In this episode, Vikram talks about his transition from life as a practicing cardiologist to a full-time syndicator. He also warns against allowing your profession to become your personality, lessons he learned from bad syndication partnerships, and why you should stop leaning on agencies for your marketing and branding needs.   Vikram Raya | Real Estate Background CEO and co-founder of Viking Capital, a multifamily boutique with nimble investment sourcing, structuring, execution and asset management capabilities. CEO and founder of Limitless MD, which helps top-level doctors make more passive and active income while pursuing their passions. Founder of Vitology Institute, which empowers functional medicine practitioners to provide proactive, predictive, personalized treatment and encourages patients to take an active role in their own health. Portfolio: $718M in AUM across 23 states Based in: Fairfax, VA Say hi to him at:  Vikingmultifamily.com Vikramraya.com LinkedIn Best Ever Book: The Art of Impossible by Steven Kotler Greatest Lesson: Understand your goals and vision, and get the proper education to achieve them.   Click here to learn more about our sponsors: Techvestor Innago BAM Capital

Christine Hsu is the co-founder and COO of Noblivest, which is a syndication and fund that invests in commercial real estate, offering passive income opportunities to accredited investors who are interested in minimizing risk and maximizing cash flow. In this episode, Christine discusses the importance of due diligence when it comes to vetting deals, investors, and syndicators. She also shares her tips for attracting investors outside of your circle and why it's important to always remember your “why”.   Christine Hsu | Real Estate Background Co-founder and COO of Noblivest Portfolio: Five rental properties in Philadelphia and NY GP/fund manager of 1,400+ units in AL, AZ, FL, and TX Based in: Westchester, NY Say hi to her at:  noblivest.com LinkedIn Best Ever Book: Getting to Neutral by Trevor Moawad Greatest Lesson: Figure out your why, and ground yourself in it. When things aren't going right, it's easy to lose motivation, but remember why you're in this can get you through it.   Click here to learn more about our sponsors: Techvestor Innago BAM Capital

Welcome back, investors! Today, we have an exciting three-part episode of the Think Multifamily podcast.   Get ready to dive deep into the world of multifamily investing with our expert guest, Dugan Kelley, who is one of the top Real Estate Syndication Attorneys in the country.   Dugan Kelley is not your average attorney. He has been a great friend for over 13 years, and has been an invaluable part of our team for 7 years, witnessing the incredible potential of multifamily investments firsthand.   When it comes to legal matters such as SEC compliance and PPM documents, Dugan is our trusted expert. His extensive experience in syndication has made him a sought-after professional in the industry.   In this episode, Dugan will generously share his insider knowledge with us. Whether you're a seasoned investor or just starting out, this conversation holds tremendous value for everyone. Trust us, you won't want to miss a single word!   Dugan works with Syndicators from all over the country and has a ton of insight into what is happening in the industry, good and bad. With his extensive network and experience, he has a finger on the pulse of the real estate syndication landscape, from emerging trends to potential pitfalls.   Brace yourself for a wealth of insider information that will empower you on your multifamily investment journey.   Let's Listen in Now.

Jake Wiley is a real estate investor who has found success in the industry. He acknowledges that while many believe real estate investing to be a passive activity, it often requires active involvement and problem-solving. Jake initially got into real estate because of the restrictions on investing in stocks while working as a CPA. He invested in properties in multiple states but soon reached a point where he couldn't take on any more due to loan restrictions and the time commitment required. Jake realized that he needed a more scalable solution and discovered the concept of syndication, where a group of investors pool their resources and rely on experts to manage larger properties. He began to transition away from single-family properties and focused on investing in larger, syndicated projects, providing him with passive income. While he still has a few single-family and vacation rental properties, Jake has found success and peace of mind in his new approach to real estate investing.

Every once in a while, we come across an idea that we know would help or inspire other people, but we're all to wary and afraid of sharing it with the world.   On this episode of the Passive Income Attorney Podcast, Seth is joined by Trevor Oldham of Podcasting You, on a very thoughtful discussion about the basics of podcasting, whether you do it yourself or guesting in another podcast.    “You look back when you first started, like I made some dumb mistakes, but here I am three, four, five years later down the road and, and it was all worth it." – Trevor Oldham   HIGHLIGHTS: Here's a breakdown of what to expect in this episode: ✅ The benefits of a podcast ✅ Having your own podcast versus going into others ✅ Getting over the confidence hump ✅ Getting better with repetition ✅ Tips on getting on other people's podcasts. ✅ Notes on Podcasting ✅ Production over perfection ✅ How Podcasting You helps clients ✅ Trevor's Freedom Four   ABOUT | TREVOR OLDHAM: Trevor Oldham is the Founder and CEO of Podcasting You, the leading podcast booking agency for real estate investors. Podcasting You has worked with hundreds of real estate investors to book thousands of interviews and raise millions. Through the inspiration of his clients, Trevor is actively looking to start his first house hack. Trevor has worked with Multifamily, Commercial, Industrial, Self-Storage, Mobile Home Park, Assisted Living, Short-Term Rental, Land and Note Investors and Syndicators. In addition to those Investors and Syndicators Trevor has worked with Wholesalers, Flippers, 1031 and Self-Directed IRA Specialists and even Real Estate Attorneys to help raise capital, generate more exposure, and increase their networking opportunities.   CONNECT | TREVOR OLDHAM: ✅ Website: https://podcastingyou.com/ ✅ LinkedIn: https://www.linkedin.com/in/trevorjoldham/ ✅ Instagram: https://www.instagram.com/trevoroldham/   ABOUT | SETH BRADLEY: Seth Bradley is a real estate entrepreneur and an expert at creating passive income while working as a highly paid, busy professional. He's closed billions of dollars in real estate transactions as an attorney and investor. He's the Managing Partner of Law Capital Partners, a private equity firm focused on value-add real estate acquisitions and development. He's a former big law attorney, most recently practicing in the real estate and securities department of a top 3 globally-ranked law firm. He's also the host of the Passive Income Attorney Podcast, educating attorneys and other professionals on how to stop trading their time for money so that they can practice when they want to, not because they have to.   ️ CONNECT | SETH BRADLEY:  Don't Know Where to Start?: www.sethpaulbradley.com Download The Freedom Blueprint: www.attorneybydesign.com Subscribe and Leave a Rating and Review: ✅ Apple: https://podcasts.apple.com/us/podcast/the-passive-income-attorney-podcast/id1543049208 ✅ Spotify: https://open.spotify.com/show/5a0Qp9G2x337nZCDWoVgoO?si=MKn01_t8Tfu0JBZCnagrCw Websites: ✅ Coaching: www.passiveincomepro.io ✅ Legal:  www.syndicationshop.com ✅ Podcast:  www.passiveincomeattorney.com ✅ Investing: www.lawcapitalpartners.com   Follow Us: ✅ LinkedIn:  www.linkedin.com/in/sethpaulbradley ✅ Facebook: www.facebook.com/passiveincomeattorney ✅ Instagram: www.instagram.com/passiveincomeattorney ✅ YouTube:  www.youtube.com/@sethpaulbradley ✅ TikTok:  www.tiktok.com/@passiveincomeattorne  

In this episode, host Jim Oliver sits down with real estate expert Paul Moore to delve into the sustainable and profitable opportunity of renewable energy.  If you're looking to educate yourself about real estate and real estate syndication, Paul is the go-to person. He shares his journey from selling his company to investing in real estate and eventually expanding into various asset types. Together, they discuss the advantages of working with syndicators and fund managers in the commercial real estate space. Key Takeaways: Focus on finding an expert in commercial real estate who has an inside track on acquisitions, distressed properties, operations, and portfolio management. Syndicators and fund managers can provide access to asset classes that were once only available to wealthy insiders. It's challenging for individuals to become experts in multiple asset classes while managing them profitably and maintaining diversification. Collaborating with experts allows investors to leverage their knowledge and experience, avoiding costly mistakes. The key to success is extreme focus on a specific asset class and outsourcing everything else. Join Jim and Paul as they provide valuable insights into the renewable energy landscape and explore the benefits of working with experts in commercial real estate syndication. Remember, finding the right person to guide you through the investment process is crucial for sustainable and profitable growth.  So sit back, relax, and get ready to break away into the world of renewable energy opportunities!

Whitney Elkins-Hutten of PassiveInvesting.com interviews Julie Holly and Dan Krueger, apartment syndicators, to talk about the acquisition of a 123-unit Olympus Portfolio through a developed relationship. In this deal, they experimented on preferred and common shares. The seller of Olympus was Dan's mentor, and the relationship built between them allowed the entire transaction of acquiring the property to be smooth. Julie wants to encourage people to take the time to build and develop those relationships because you will never know how it will turn out. Julie and Dan also tapped into the stretch goal contingency plan to guide them in delivering the returns of the property. Tune in for more!

Revealing common mistakes made by syndicators, Mike Harrison examines the recent foreclosure of four Multifamily properties with over 3,200 units by Applesway Investment Group and contrasts the mistakes with best practices taught by Lifestyle Unlimited. Exploring how passive investors can protect themselves, Mike offers an analysis of the situation and shares valuable lessons for all involved in real estate investing. Click to Listen Now

In this solo episode, we'll discuss the key factors to consider when underwriting exit cap rates for multifamily properties.  It's crucial to look beyond the current market cap rates, as a higher cap rate per year of hold can help mitigate downside risks. I'll be sharing my personal approach to this strategy and discussing the impact of different macroeconomic factors and supply on cap rates.  We'll also touch on the importance of finding quality markets and the potential for outsized returns in real estate investing. Let's dive in.  Are you tired of competing with other buyers and waiting on brokers to send you deals? Want to learn exactly how you can find more discounted multifamily deals than you know what to do with? Click here to check out our Off-Market Multifamily Deals course, where we teach investors how to develop a robust pipeline of discounted, off-market multifamily deals in six weeks or less.  Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.    Connect with Axel:  Follow him on Instagram  Connect with him on Linkedin  Learn more about Aligned Real Estate Partners 

Investing in real estate demands substantial capital investments despite having a huge potential for returns. That's why we invited Steve Maldonado to discuss the complexities of utilizing self-directed IRAs as a game-changing resource for funding your syndication projects. Tune in to get started on the path to success and profit today!Key Takeaways to Listen for Self-directed IRA: What it is, its costs, tax advantages, and common mistakes when investing 2 things to consider when investing in self-directed IRAsA guide on how to utilize self-directed IRAs to invest in real estate Benefits of using a self-directed IRA custodian Alternative retirement plans to self-directed IRAsResources Mentioned in This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive InvestorAbout Steve MaldonadoA student of Finance at the University of Central Florida, Steve has applied his knowledge to a career in Sales and Business Development, working with and building teams to adapt to new market trends in the alternative asset industry.Becoming an expert on retirement accounts, he has used his industry knowledge to move into his current position as Director of Syndication Solutions at NuView Trust - a premier custodian for self-directed alternative investments with over $2.5B of assets under management. Steve's passion lies in educating others on how to raise capital from retirement accounts, providing GPs and Syndicators with the right tools to get started raising capital through IRA and 401(k) accounts. He is heavily recruited to speak for podcasts or other events as a subject matter expert in tax-advantaged investing through retirement accounts.Connect with Steve Website: Syndication Solutions with NuView Trust Email: syndication@nuviewtrust.com Phone Number: (407) 305-0675To Connect With UsPlease visit our website: www.bonavestcapital.com, and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams

Even though you can buy and operate properties on your own, it can be time consuming and a hassle. Partnering with syndicators in larger deals, however, can generate better returns without the headaches and stresses of managing property. There are quality syndicators that have years of experience in specialized asset classes and markets, and a track record of generating consistently high investor returns. Joe Giuliacci, a Passive Entrepreneurial Investor, has invested in 35 passive deals over the past four years and shares his experience of generating passive income plus capital appreciation on deals that have gone full cycle.

Keith Weinhold and Ken McElroy discuss the impact of rising mortgage rates on the commercial real estate market.  They talk about the foreclosure of a Houston real estate investment firm, and the need for syndicators to anticipate changes in interest rates and have capital reserves in place.  The speakers predict that high-rise commercial office buildings will be the first domino to fall in the commercial real estate market.  They also discuss the potential fallout from the expiration of commercial debt and the upcoming Limitless Expo event in Scottsdale, Arizona. Resources mentioned: Show Notes: www.GetRichEducation.com/452 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Attend the Limitless event, June 15th-17th: LimitlessExpo.com $22M Office Building to Convert to Multifamily: https://www.loopnet.com/learn/deal-of-the-month-22m-office-teardown-makes-way-for-multifamily/2115617288/ Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete transcript:   Keith Weinhold (00:00:02) - Welcome to GRE. I'm your host Keith Weinhold last year's spiking of the Fed funds rate caused banks to fail this year and last year's. Doubling of mortgage rates is causing commercial real estate to fail this year. Why is it happening? How bad is it with commercial real estate and how bad will it get? That's the topic of today's conversation with Ken McElroy on Get Rich Education.   Speaker 1 (00:00:27) - Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write-offs. As an employee with a high salary, you are devastated by taxes. Lighten your tax burden. With real estate incentives. You can offset your income from a W2 job and from capital gains Freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle, this fund investing real estate projects that make an impact. And you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first. Insiders enjoy cash on a quarterly basis and the tax benefits are life changing. Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text family to 6 6 8 66. This is not a solicitation and is for accredited investors only. Please text family to 6 6 8 66 for complete details.   Speaker 2 (00:01:36) - You are listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold (00:01:59) - Welcome to GRE from Montreal, Quebec to Monterey, California across North America and spanning 188 nations worldwide. I'm Keith Wein. Hold in your listening to Get Rich Education. Real estate investing is our major here. Minors are in both wealth mindset and the economics of real estate. That's what the matriculated graduates with here at G R E. You can think of an interest rate as how much it costs you to use money and to help you understand the preeminence of the cost of money. Let's you and I step back together for a second. If you go buy apples at the supermarket and Apple cost increase affects you. If you go buy a gallon of paint at Home Depot, a paint cost increase affects you. And if you go buy an acre of raw land, a land cost increase affects you. But rising interest rates mean that there was an increase in your money cost and you use money to buy those very apples paint or raw land.   Speaker 1 (00:03:04) - And now you begin to realize how interest rates touch and percolate into every single thing that you buy as a consumer or as an investor. And we know that interest rates are not currently high. Historically, yeah, you heard that right now that's not much consolation to those that are in trouble. But the Fed funds rate is about 5% and all year here the mortgage rate on an only occupied home has stayed between a range of six and 7%. Actually, mortgage rates are a little low. Their 50 year average is about seven and a half percent. Well, so then what's the problem? Well, the problem is not what are indeed historically normal rates. It's that rates rose so fast last year. You look at a graph and they climbed a wall. In fact, it's unprecedented, at least in you and i's lifetime to have them rise that fast. Just last year alone, mortgage rates spiked from 3% up to 7%. Economists estimate a 56% chance that they indeed are going to raise the Fed funds rate again. Yep. There is another meeting. Just next week, let's learn about commercial real estate deals blowing up with Ken McElroy.   Speaker 1 (00:04:28) - I'd like to welcome back longtime real estate investor influencer and multi-time bestselling real estate author and G R E podcast guest regular. Really? Hey, it's the return of Ken McElroy. How's it going Ken?   Speaker 3 (00:04:40) - Great Keith, how are you? It's good chief. Terrific. Great to see you in Arizona too recently.   Speaker 1 (00:04:45) - Yeah, that's right. We were just together in Arizona a few weeks ago, both there and everywhere across the United States, we know that residential loans are for the one to four unit space where those properties typically have long-term fixed interest rate debt, 15 to 30 years. The five plus unit department space is tied to commercial lending even though it's residential property and they often have variable rate debt for a shorter term. And commercial loans are where the trouble is in this world of higher mortgage rates. And a few months ago it made a lot of news in our world, Ken, that a Houston real estate investment firm that was at one time one of the city's largest landlords with $500 million worth of multifamily. They got foreclosed on and launched 3,200 apartments at the time. And one major reason were these floating interest rates that rose so much and rents couldn't keep up proportionately and more deals are going belly up like that. So Ken, tell us about what you are seeing out there now in regard to rising mortgage rates affecting the commercial lending market.   Speaker 3 (00:05:45) - Well, it's true. Obviously we all know that the Fed raise rates 10 times, so they were obviously fighting inflation. So if you bid around this business enough to know, know, you should have known that the Fed usually increases rates when inflation goes high. And so it is one of the tools that they use to kind of tampering 'em down inflation because that, no, the Fed is more concerned about inflation than interest rates because you obviously inflation affects everyone. So yeah, if you're in the real estate space, you might feel like you're being picked on. But the truth is, it's not surprising to anybody who's been around that they use this interest rate increases as a mechanism to lower inflation or the masses. So some of those mistakes that were made, I think it was Arbor, you have to go back to the experience of the syndicator. They elected not to buy interest rate caps and have other kinds of protections around those assets. And unfortunately, you know, some of those investors that invested in those assets, those were things that maybe weren't very clear to them. Uh, we're not exactly sure of all the details, but what's gonna happen next Keith, is we're going to start to see there's gonna be a big division of the experience versus the inexperience, I would guess   Speaker 1 (00:07:08) - A divergency, yes, of course that Fed has that dual mandate of full employment and stable prices since they're still doing pretty well on the employment. They want to get stable prices and the way to get a handle on that is to continue to raise rates. And when the Fed raise rates essentially from zero to five in just about a year, things are going to break. And we're talking about right now what is breaking first in the real estate space. And you mentioned a syndicator, when one buys an apartment building, oftentimes they get what's called a value add project, this renovation stage. And during that time they often have this variable interest rate debt. So often we are talking about apartment syndicators here, sponsors that put the deal together and what the syndicator essentially does is buy the apartment, renovate it, raise the rent, and then they cash it out to investors by either selling it or refinancing it at a higher value. And right here, these are the people that we're talking about that are in trouble due to their rates being jacked up.   Speaker 3 (00:08:07) - That's exactly right. I think you always have to anticipate a change in interest rates, whether they're up or they're down. And I think a lot of times people just always believe that they would stay as is. And I think that was obviously a flaw in their thinking and a flaw in their strategy. The other one of course is capital reserves. You know, cash, you have to have all these things in place. It looked to me from the article, the articles and the, and the different pictures and and things I've seen that they may have run into the problems on the management side as well. And you know, so there's a number of issues that I could see potentially that affected them. And I actually am hearing others kind of stories around this Keith as well. The first domino really to fall I think is gonna be some of these highrise commercial office buildings.   Speaker 3 (00:09:01) - That would be my guess because in a very different scenario where a lot of the folks that own those and maybe were in those, a lot of those tenants are deciding that they don't want their people to come back. Maybe they're doing a work from home model or the people that work for them decide that they don't wanna be back or whatever scenarios there are. There's definitely a lot of vacancies. I was looking today, you know, we're looking at pretty high uh, vacancies in la we're looking at very high vacancies in San Francisco, Portland, Seattle, New York. When I'm talking about high, I'm talking about unprecedented. We're talking about 30, 40% in many cases and in some cases even more so we know that if you have a vacancy that high, you're definitely not paying the debt. And so there's all kinds of these big landlords that are actually defaulting on their loans of those commercial office buildings.   Speaker 1 (00:10:01) - Now we're talking about vacancy in the office space there and we think really in our residential world, of course people think of you as a multi-family guy, but you also are in, you know, self stores in some other spaces. But we just think about the crux of the problem and how that's centered on residential. Maybe you can just talk to us, Ken, about exactly the details of the problem or maybe you have an example from a case study and just what that, that structure looks like for those in trouble.   Speaker 3 (00:10:29) - Why would I be concerned about it? Is, is probably a really good question. And the reason is is because don't forget, we all go to banks for stuff. So if it's an auto loan, a residential loan, a commercial loan or a business loan, it's still a financial institution and it's all connected even though we might only be going for one piece of that. And so as the commercial paper starts to default and starts to make its way into these large regional, smaller community banks, then what's going to happen is the underwriting criteria is going, they're gonna pull back because they don't care. They just know that they're taking water in the boat and they're in trouble. So, so that's why I look at it, you know, obviously, but you have to look at the real estate, the landscape completely, and you realize that, you know, while you might be just doing one piece of that, there are lot and these banks are connected out in the community in many, many, many ways, right?   Speaker 1 (00:11:30) - Yeah, that's it right there. Maybe people, some don't think about just a complete seizure and a reluctance to want to extend loans at all if they have enough on their books that are in trouble,   Speaker 3 (00:11:40) - Right? So that's why I'm looking at it from the multi-family standpoint as well, because we're already seeing underwriting criteria or in other words, banks are saying we're gonna give you less 50% loan to value, 55% loan to value. So why would that be? The reason is is that you know, they're looking at their, just like you would be and and all your personal assets that you have, stocks, bonds, gold real estate, whatever it is, business, each one is performing differently. A bank looks at it exactly the same way. So if something's happening over here that's negative, it's affecting over here and it's shining a light on the whole thing. And so we're already seeing a tougher underwriting. And what that means is that means that you're gonna have to come up with more money for down payments. And of course the banks are gonna be very cautious about any kind of lending if it's on a single family, if it's on a multi-family, if it's on a residential or retail or industrial or office buildings or self storage or whatever it might be. It we're all connected. And so that's what I think is gonna be hitting us is we're gonna be in a debt and a credit crisis here in the next 18 months.   Speaker 1 (00:12:54) - So there could be downward pressure on loan to value ratios, your bank wanting you to put more skin in the game so that they are less exposed and you are more exposed there. So we're talking about maybe new purchases oftentimes in that discussion. What about those that have a loan? Maybe the interest rate has gone higher, they want to refinance it. You know, a lot of times we talk about cash out refinances is something that we want to do when equity accumulates, but could this be an environment for cash in refinances with a lot of these commercial loans?   Speaker 3 (00:13:29) - Yeah, so we've done a couple cash in personally. Yeah. So what does that mean entirely? So what happens is, well let's say you had a load at three and now of course they're over five. Well our rate caps hit us at five, but we still don't forget, we went from three to five. So that little bit of piece was expensive for us even though we had a cap though, recap is simply just an insurance policy on the original purchase, that's all. So we're like okay, that cost us about 20 grand a month on this one property as an example,   Speaker 1 (00:13:59) - The rate cap below   Speaker 3 (00:14:00) - The rate cap below the rate cap purchase was less, but the three to 5% that increase in the mortgage payment was about 20,000 a month. Okay, so call it 250,000 for the year for one asset. So you're like, uh oh. I went from having great cash flow to having a lot less cash flow because my rate went out now it hit the cap. Well I was protected but it still went up 2%. So we started to take a look at what would it cost for us to fix this rate and it was uh, about a million bucks for a cash in. So we did it, we said let's do a million dollar cash in, fix the rate because I'm also afraid of future rate increases. So that $1 million that we put in to fix the rate at 5.2%, we know it's a four year payback or 250,000 times four is a four year payback.   Speaker 3 (00:14:52) - So it's a four year loan. But really what we're doing is we're hedging the entire time and of course we have that cashflow coming out each and every month. And the beauty of that E as you know, is what you do is you hedge the upside. You can always re refinance on the doubt. And all I was trying to do was protect that thing from when the recap expired, what's usually caps for two or three years, let's say. I didn't wanna be in a position where it was, you know, six or seven or something. So that's why we did it. We were just protecting against the future. And these are the kinds of things that you can do if you've been in the room before, you know what I mean? You, if you have the experience and and you see these kinds of things happening, you could take action to help yourself and help your investors. And that is clear that the arbor had not set up their loans that way. They had not set up their cash that way and they perhaps weren't looking at some of those things critically like that.   Speaker 1 (00:15:49) - Anna and I were each active real estate investors through the global financial crisis. So we know a crisis well, we see what each crisis is a little different when we talk about hedging ourselves against the crisis. Can you talk about rate caps, which is basically this insurance that one can buy to put a cap on how high their rates can go. If you go ahead and buy a property to 3% interest rate and you have a 2% rate cap, that means your cap cannot exceed 5%. So therefore if rates go up to 7%, you're kind of in the money.   Speaker 3 (00:16:19) - That's exactly right. And so it's clear to me that they didn't buy those cap, by the way, they're not the only one. There are others. And so if you shine the light on the multifamily industry, there's a fair amount of people that didn't do that either, not just them. And also there's other people that don't have the cash perhaps like the million dollars that we used to do a cash in. And so they're going out to their investors to try to preserve the asset. The crazy thing about it, as you know is we're still very under supply and on a housing stamp. Yeah, the fundamentals of the apartments are actually good though we're still seeing a a little bit moderate red growth and we're hitting theis and the occupancies are good. The apartment industry is not in any kind of crisis. The one thing that's changed is the cost of debt has got up a lot.   Speaker 1 (00:17:14) - Why don't we talk about that some more and just how bad is it going to get Ken, maybe through the perspective of just how much commercial debt is about to expire.   Speaker 3 (00:17:24) - If you google this, you'll see that there's about 1.4 trillion expiring by the end of 2024. So that's a lot . And so what has to happen is, Keith, let's say you all bought something. Well actually there's already examples. If you Google, there's an office tower that was appraised and valued at 250,000,002 years ago and it just traded at 70 as an example. Wow. So there's a big, big haircut there, right? So first of all, all the equity on that original deal gone wipe down and then the that 70, all that does is cover part of probably the debt. So some bank somewhere took it in the shorts, you know, on that deal. And so that is a good segue to say what happens is anything that was purchased, let's say in uh, call it one to three years ago, is subject to massive valuation change.   Speaker 3 (00:18:23) - And if they have a situation where they're trying to do a cash out refi and they're not going to be able to, if they have a situation where they're going to sell, they're not going to be able to because the value of that asset is probably 20 to 30% less than it was just two years ago. So what's going to happen is if they can wait, they might be able to wait it out. If rates go down like everybody's hoping it will, or cap rates go back down like everybody's hoping it will, then you're going to be fine. The issue is going to be the maturities and when they hit,   Speaker 1 (00:19:01) - There's a 20 to 30% loss in value as we know at a 75% loan to value loan. Yes, that is a complete wipe out of the equity. Ken, when we think this through, of course apartments have debt that someone is holding onto and apartments also have equity that someone else is holding onto and equity could be held by. It's not just investors in a syndication, it's also a pension fund or a family office. And if these go under, we have to think about those ramifications of course, but we think about equity that's held by LPs limited partners, which are those individuals that invest in a syndication. What do you think that LPs should do? What kind of situation are they in? I mean are syndicators communicating with their LPs and letting them know things like, hey, there just isn't gonna be a distribution this quarter and I don't know about next quarter either or, how's that communication been?   Speaker 3 (00:19:52) - So it's hard to know. Obviously if you read the article about Arbor, there was not much and a lot of the investors were surprised. It's interesting though, cuz if you really dial into it, there's no way that they were making distributions for a long time as the things were defaulting. So there must have not been distributions on those assets for some time. That would be obviously a red flag. So I think that some syndicators are probably communicating very, very well. But in this particular case, that wasn't happening because of what some of the people were saying in the article that had invested with them.   Speaker 1 (00:20:31) - And when you're talking about Arbor, you're talking about that group in Houston that I brought yeah, up earlier. That's really become sort of like the poster child for what's coming can often that might make one think like the LP that invests in someone else's syndication that might make a savvy investor wonder, well gosh, I wonder if there's going to be a contagion effect. Even if a syndicator shows me a deal and that one particular deal looks really good, does that syndicator have other deals behind him that are blowing up and could affect this good deal that looks good in front of me right now. So what are your thoughts about any sort of contagion effect that way? Are you seeing any of that out there?   Speaker 3 (00:21:08) - It's certainly possible. I know that a lot of it's gonna be based around the debt itself. So if somebody got a deal like we did like two years ago or one year ago that put fixed rate debt on it, not a problem. So you have to take a look at the maturity of the debt. There's a lot of people that have bought properties that where they assumed alone in the commercial space you can assume something, people are still doing deals, you know, so if you could step into somebody else's loan at three, three and a half percent, let's say you're not gonna have a default issue, you're not gonna have a debt issue where the debt's gonna go up while you bought something, it's fixed. And that was kind of the whole point. As you know, I've been telling people to get in fixed straight debt for two years. If you go back and look at my videos, I probably said it a hundred times, getting fixed straight debt, getting fixed straight debt, getting fixed straight debt because you have to know what your debt payment is month to month to month for a long period of time. You don't want a fluctuating variable number. And so the people who didn't do that, the people that in my opinion were inexperienced and didn't by caps, this is the result of that.   Speaker 1 (00:22:23) - We've been talking a lot about problems here. Of course the flip side of any problem is an opportunity. You are an excellent opportunist. You just talked about situations where apartment values could be down 20 or 30%. So are you seeing opportunity, especially with respect to apartment buildings and what's going on coming ahead?   Speaker 3 (00:22:43) - We looked at four deals on Tuesday, we've been in opera on one of 'em. So to your point, if somebody's sitting on some assets and they need cash for ones that aren't doing well, for example, they might sell a couple of the good assets. And what's a good asset? A good asset would be something that's highly occupied and is stable and has fixed rate debt and it's something that you can easily underwrite, easily buy, and you know it's gonna be like clipping a coupon moving forward. That would be what I would call a good asset purchase. And those are definitely hitting the market. So I mean, you think about your own portfolio, you know, at any given time you're looking at the winners and you're looking at the losers, sometimes you have to sell a winner to pay for some of the losers. So we're starting to see some good assets hit the market.   Speaker 3 (00:23:32) - That might be great. They help somebody that's um, in a situation that might need cash for something else. So that is exactly what does happen. That is what's happening. So we're gonna be all over those issues and try to snap up some of these really, really nice assets. Another really good opportunity is going to be on brand new class A apartments that are just now being completed. So you know, as you know on a new construction deal, you do not get fixed straight debt because there's no asset. It doesn't exist. So you have a land, you have to build it until it's considered in service, which means you have all the occupancy certificates and it's blessed and the city says, okay, it's all ready to move it. That's in service. And until that point you can't put fixed rate debt on anything. So there's going to be this many opportunities on assets that are under construction that are in trouble because of these high interest rates. People that come in with all cash, for example, are going to be able to buy some of those properties. What I would guess at under replacement costs, it's going be a very exciting time moving forward for buying perhaps real trophy assets or assets up that people have already done a lot of work on or under what they're worth.   Speaker 1 (00:24:51) - That could be a good niche to exploit. You're listening to get Resu education. We're talking with Ken McElroy about trouble in the commercial lending market and how that affects real estate. Warren, we come back. I'm your host Keith WeHo with J W B Real Estate Capital. Jacksonville Real Estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor. Since 2013, JWB is ready to help your money, make money, and to make it easy for everyday investors, get started@jwbrealestate.com slash gre. That's jwb real estate.com/gre. GRE listeners can't stop talking about their service from Ridge Lending Group and MLS four 2056. They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plexes. So start your pre-qualification and you can chat with President Chaley Ridge personally. They'll even deliver your custom plan for growing your real estate portfolio. start@ridgelendinggroup.com. This is peak prosperity's. Chris Martinson, listen to Get Rich Education with Keith Wein old and don't quit your daydream.   Speaker 1 (00:26:33) - Welcome back to Get Education. We're talking with Ken McElroy, longtime influencer and very successful author, A great influencer in the real estate space. And can you hit mentioned some other sectors outside of the residential and the apartment space earlier, and we look at potential problems or opportunities outside of residential and we think about what's happening to office space. You touched on that earlier, that's probably about the worst real estate sector I can imagine in their high vacancy rates, hotels and retail and warehouses, which actually think about one sector as doing pretty good since the pandemic and online shopping really lifted the warehouse sector. But do you really have any other thoughts about those sectors, how commercial loans affect them or any good opportunities in those outside of residential?   Speaker 3 (00:27:24) - As everyone knows, you know, when you buy a home, they look at your FCO score, right? They look at your credit and they look at you or me as the person paying that home as they should. When you move to the commercial side, they look to the asset. So they're very, very different. One's an individual. Another one is the actual asset. So as these asset values go down, as interest rates go up, I think that anything that's going to need any kind of a loan and the next year or two is going to have a problem from an asset value standpoint. Because what we were all used to in the last 10 years were these value add. So you'd buy something and then you would improve it and it would be worth more money at the credit and debt markets were stable, you know, so you could go, uh, you had a very calculated model where you can go put new debt on there and scoop that out and do a cash out refi that's gone right now because the values are down and of course the cash out refi option is off the table.   Speaker 3 (00:28:30) - So th those are the real problems that people face moving forward. So that could be all kinds of things. It could be retail, it could be industrial, it could be multi-family cuz everything is impacted even though we've had high cracy and red growth in some of those areas. If you're a seller that has a 3% loan and you're trying to sell it to somebody like us who's a buyer, we're probably at six or seven. We're looking at cash flow very differently than they are when our debt costs are almost double. So we're not gonna be able to pay that price. And so that's what the debt, rising debt costs have done. If the income, any expenses are the same, but the debt costs are double, then we as buyers can't afford to pay that. So therefore the prices that we're we can afford to pay are gonna be a lot less. And so that's actually what's happening   Speaker 1 (00:29:26) - And what we think of as perhaps ground zero for problems in the real estate market. I think office first comes to mind, you've talked about office vacancy rates in many American cities being really high earlier, it was a particularly noteworthy stat that was released not long ago that in New York City they have 26 Empire State buildings worth of empty office space. So we talk about all this open office space with more of the work from anywhere crowd and this dearth of residential housing. You know, can you experience, do you learn about very many office buildings being viable for tear down and conversion into residential? Or is that not feasible very   Speaker 3 (00:30:07) - Often? Yeah, so that's the million dollar question. What are we gonna do with these big, big office buildings? And think about this, Keith, let's say it's a 50 story building, which is a very common building all over the place and it's got 20 or 30% occupancy. My guess is, you know, what do you do? Like you have to wait until it's a hundred percent vacant, obviously before you can even do something. So what's going to happen is the banks are actually gonna be taking these back, the banks are gonna be managing these and they're gonna have to figure that out. And the only way to take down an office building is if it's a hundred percent vacant. And even then it might not be worth it because let's don't forget, you step into the shoes on day one of the property taxes of the utilities of the insurance, regardless if it's full or not in order to maintain it.   Speaker 3 (00:30:59) - So there's an operating cost that exists whether there are people in it or not. And so you have to be careful that you're not catching a falling knife. You know, like, I mean if somebody said to me, I'll give you this vacant office building or a dollar, I probably wouldn't take it because unless I had some kind of a solution for the, uh, on the income side. So I'm not saying I wouldn't, but you have to have a solution on the income side to cover your operating expenses. Otherwise you're just gonna be writing checks just like the person before you   Speaker 1 (00:31:34) - That is so well explained on the difficulty of making a conversion feasible from office to residential. Well, if you're like me, you read a lot of Ken McElroy's books like the ABCs of Property Management, the ABCs of Real Estate Investing. Can I read the Return to Orchard Canyon on a beach in India a little over three years ago? Actually, I love that more recent book from you and you have a great live in-person event coming up really soon where the audience can come to see you at a bunch of other speakers. It's a fantastic event. It's a second year, you're doing it, it comes up really soon here in Scottsdale. Tell us about it.   Speaker 3 (00:32:15) - Thank you. It's, I cannot be more excited, especially what's happening right now. It's called Limitless and uh, it's at limitless expo.com. So it's just limitless expo.com. But kicking off the very first day is Joseph Wang, who wrote a book called Central Banking 1 0 1 and he is good. He used to work in New York for the Fed and is going to talk specifically about what's the Fed going to do in the second half of the year in 2024 based on all the things that he did on the open markets desk for the Fed. So that's gonna be very exciting. We've got Chris Martinson as well talking right after him, got kiosaki. We have a whole bunch of people around entrepreneurship and um, kind of side hustle stuff just to try to figure out what the heck is happening and what could we be doing to protect ourself moving forward.   Speaker 3 (00:33:11) - So this is really, this year in particular is a not to miss year because these are things that all of us are trying to figure out. I don't have a crystal ball just like anyone does, and I'm studying like crazy to try to figure out what's happening next. We've got 45 speakers all coming to try to help us understand what we can do next. Chris boss, who's, uh, wrote the book, never Split the Difference. If you guys haven't read that book, you need to read that book. He's the hostage negotiator in the world and he works for the FBI and Harvard. And, and his talk is going to be how to negotiate during troubled times because these are going to be real things, Keith, real things that are happening. You know, when there's a debt maturity or a loan coming up or you have problems with your limited partners or, or whatever it might be, this is the room you wanna be and that's the talk you want to hear. Chris is gonna be there, I'm gonna do a podcast with him. He is gonna do a book signing, so it's really fun. It's gonna be Thursday, uh, the 15th, the 16th or the 17th of June. And uh, it's right in Scottdale, Arizona.   Speaker 1 (00:34:21) - Janice Prager will be there as well. And yeah, it seems like you just keep adding speakers. Okay, I wanna talk to you. Last month it was 40 speakers, now it's 45. So you, you have a buffet that you can sample there as an audience?   Speaker 3 (00:34:34) - We do. I can't wait to meet Dennis Prager. I, I've been to his compasses in la I, I'm a big fan of, you know, his messaging and, and what he, he has a billion downloads last year, A billion with a B. That's incredible. So he's getting to be there. I just think it's like the who's who, right? It's tweet thought   Speaker 1 (00:34:52) - 100%. You can get started@limitlessexpo.com. Can I and our audience have benefited from your knowledge for years? Thanks so much for coming back onto the show.   Speaker 3 (00:35:02) - Yeah, my pleasure. Always great to be on   Speaker 1 (00:35:10) - Most of those speakers at the Limitless event. Were guests here on G R E, so you'll probably find a lot of residents there, including Chris Voss who was the FBI's lead hostage negotiator. He was on the show with us here twice you'll remember. And yeah, you'll remember that pretty fondly  because it was entertaining the first time Chris was here back in episode 331, how the World's Best negotiator and I, Chris Voss did a mock face off in negotiating the purchase of a fourplex building. But getting back to imploding apartment syndications, they aren't just blowing up deals and blowing up investors, but also blowing up banks when the borrower cannot repay the loan. And banks have to take back apartment buildings and office buildings unlike, which is actually pretty unusual in a way that they need to take back apartment buildings. I mean, everyone understands how the work from anywhere movement created, the office space decline, but there is quite a demand for all residential types, single family homes and condos and trailers and apartments.   Speaker 1 (00:36:17) - But it's those resetting rates that blow up apartments despite the demand for people to wanna live there. So what this does, it makes banks more conservative with lower rent values being delivered, lower rent to value ratios also coming on the way. I would expect more of that ratcheting down. And for more people wanting to refi from a variable rate to a fixed rate, you know those syndicators they have got to put cash in in order to meet that lower loan to value ceiling will well capitalize syndicators. They can do that and others can't. Syndicators might very well be asking for capital calls from their investors then for their investors to help fund that cash in refi to keep those deals alive. The timeline for when you should expect a lot of this activity are from the peak 2021 and early 2022 deals that had short-term debt on them.   Speaker 1 (00:37:17) - They are going to face resetting rates late this year and into 2024. You probably noticed that just beyond the halfway point in the chat with Ken. I pivoted from talking about problems to discussing opportunity and the opportunity being that others might sell a good apartment deal because they need the cash to get out of that deal so that they can go take those funds and perform a cash in refi and shore up one of their other deals and get that other deal into fixed rate debt. Most modern offices, you know, they simply cannot be adapted over to residential uses due to their wide and deep floor plates that restrict natural lighting to only the perimeters. And because of the overhauls required to run mechanical and electrical and plumbing to individual residential units in the rare office building where conversions are possible, that sort of thing is wildly encouraged by everyone, developers and brokers and all kinds of governmental bodies.   Speaker 1 (00:38:19) - In fact, there was recently a sale of a 150,000 square foot office building in Orange, California oranges between Anaheim and Santa Ana. It's sold for 22 and a half million dollars and it's planning to be converted from office to residential. But yeah, multi-family conversions like that, they just aren't common. And the full story about that from LoopNet is in the show notes for you today. We've been discussing the difference between one to four unit properties and five plus unit multi-family apartments today. The difference in lending is really what makes all the difference. So those larger apartments bought with variable rate debt, say one to three years ago, they are problematic where the one to four unit space instead stays shielded with long-term fixed interest rate debt. Next week here on the show, you're gonna meet our new investment coach at GRE Marketplace. You have heard this person on the show before. I'll introduce you next week. Yes, we're adding a second one to keep up with demand for you. Until then, I'm your host Keith Wein. Hold, don't quit, it's your daydream.   Speaker 4 (00:39:31) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial, or business professional for individualized advice. Opinions of guests on their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:39:59) - The preceding program was brought to you by your home for wealth building. Get rich education.com.  

In today's episode, we re-release our exclusive masterclass on building wealth through passive real estate investing. In partnership with Tribevest and their Chief Storyteller, Julian McClurkin, we covered passive investing in real estate. This episode is a must-listen for anyone who wants to understand more about passive investing in real estate syndications. We delve into the basics of real estate syndications, the pros and cons of passive syndications, and most importantly, how to pick a sponsor. Whether you're a beginner investor or an experienced one, this episode will serve as an excellent refresher for you. About Julian McClurkinJulian McClurkin has literally traveled the world throughout his professional basketball career as a Harlem Globetrotter, supporting and entertaining families and communities. Leveraging his engagement and relationship-building skills, Julian now joins Vision Realty, having built a diverse portfolio in real estate sales, investing, and renovations. Here are some power takeaways from today's conversation:[07:47] Why it would be better to invest in real estate than index funds[10:20] Ways to spread the risk of investing[15:13] Types of investors who qualify for syndication[22:26] The process of investing in syndication[26:27] Passive Syndications: pros and cons[28:38] The tax benefits of syndication[36:10] What the velocity of money means[40:37] What “full cycle” means for investorsEpisode Highlights:[07:47] Real Estate Investing vs. Index FundsInvesting offers various options, one of which is index funds that can give good returns over time with minimal effort. However, investing in real estate provides steady cash flow via rental income and can force appreciation by improving the property, which is not possible with index funds. Real estate investors can benefit from the syndication operator who handles the process, allowing them to enjoy the perks of their investment. On the other hand, index funds bet on the value of paper assets and do not offer cash flow or dividends as in real estate investments.[22:26] The Process of Investing in SyndicationInvesting in syndication involves upfront due diligence, including vetting the sponsor and analyzing the deal using tools like a sponsor screener and deal analyzer. Once you've invested, you'll receive documents like a private placement memorandum and subscription agreements to sign. You then send the wire and wait for cash flow, receiving monthly or quarterly distribution checks and reports to keep track of the property's performance.[26:27] Passive Syndications: Pros and ConsPassive syndications have major advantages, such as the ability for investors to benefit from the experience and expertise of a syndicator, who acts as a sponsor or manager for the investment, allowing them to invest in larger deals. Syndicators may also use tax advantages such as cost segregation and bonus depreciation, which can help investors reduce their tax burden. However, passive syndications also have downsides, including the lack of control investors have over the asset and the lack of liquidity, which can tie up capital for several years without the option of selling the investment, making it challenging for investors who need access to their funds in the short term.[28:38] The Tax Benefits of SyndicationWhen investing and making money, taxes are the biggest factor working against you. However, investing in real estate allows you to reduce, defer, or even eliminate almost all of the tax burden as the tax code is written to benefit real estate investors. Depreciation can be used to offset almost all of your passive gains, which means that if you invest in syndication correctly, you won't have to pay tax on any of the cash flows you receive, and it will be deferred, with recapture happening later. By investing in more syndications, your tax bill will go down significantly.Resources Mentioned:https://www.tribevest.com/partners/lf 

Michael Guthrie is the co-owner and VP of Sales of a multimillion-dollar automated teller machine distributorship, Automated ATM Solutions, Inc. He's a Capital Raiser, Multifamily Investor and Syndicator at Pacific Capital LLC, currently owning over 8,280 doors across multiple markets, providing a passive income. Together with Samantha Guthrie, they have raised over $65 Million for Syndications in the past 14 months across 12 separate Syndications as a General Partner. They have 23 years of real estate investment experience, including property management of apartments and single-family homes. They are Multifamily Investors, Syndicators. From starting their ATM Processing company on a credit card to now running a multi-million-dollar operation, the story of Michael and Samantha Guthrie will inspire the entrepreneur in you. To get in touch with Mike, email him at: mike@cypressadvantage.com or send him a text with your email to 509-270-6701. You can also connect with him on these social media sites: LinkedIn: https://www.linkedin.com/in/michaelguthrieinvestor/ Facebook:https://www.facebook.com/michael.guthrie.543792 Twitter:https://twitter.com/cypress_mike  Instagram: https://www.instagram.com/michaelguthrieaptinvestor/ Keeping it Real Estate is brought to you by Granite Towers Equity Group, helping investors create passive income through multifamily real estate. To get in touch with the founders of Granite Towers, Mike Roeder and Dan Brisse, visit Contact | GTEG (granitetowersequitygroup.com)

To access a FREE collection of resources, go to www.TheMaverickVault.com   Discover the limitless opportunities of real estate syndication with Gene Trowbridge, Esq., CCIM, exploring the risks and rewards involved, along with key insights on refinancing, capital calls, and crowdfunding. Listen until the end to gain a deeper understanding of this strategy and discover how to maximize your investment potential.   Key Takeaways From This Episode Regulatory changes and crowdfunding opportunities in real estate syndication  Questions a passive investor should ask during a real estate deal  Important factors to consider before borrowing loans for your property  How syndicators manage debt opportunities and the risks associated with it  Effective strategies to raise capital through your IRA    References/Links Mentioned The Shack by William P. Young | Kindle and Paperback CCIM Institute  It's a Whole New Business! By Gene Trowbridge Esq. | Paperback    About Gene Trowbridge, Esq., CCIM Gene has been in the commercial and investment real estate business continuously since 1972 and in the legal profession since 1996. Awarded the CCIM designation in 1977, Gene continues to serve as a member of the CCIM faculty and achieved Senior Emeritus Instructor status upon 40 years of teaching. He is a member of the California Bar. As the founding partner of Trowbridge Nieh LLP, Gene's law practice concentrates on the syndication of commercial and investment real estate through debt and equity.   Connect with Gene Website: Trowbridge Nieh LLP LinkedIn: Trowbridge Nieh Law Group LLP   Facebook: Gene Trowbridge    Youtube: Trowbridge Law    Are you a passive real estate investor seeking financial freedom? Almost daily, new headlines break on the latest financial market upset. Now is the time to get educated on how to strategically invest in commercial real estate for long-term financial freedom. Grab your copy of “How to Passively Invest in a Changing Economic Environment” Go to…www.MavericksInvest.com  Want to keep up to date on the commercial real estate market, trends, investing tips and know what Neil is buying right now? Connect with him at Legacy Impact Investors and be sure to register for his newsletter.  Connect with Neil Timmins on LinkedIn. If there is a topic you want to know more about or a guest that you would like to see on the show, shoot Neil a message on LinkedIn.   About Neil Timmins Having completed hundreds of Fix & Flips, Wholesales, Wholetails, Novations, and Owner-Financed deals, Neil longed to quit forfeiting time for dollars. After building a portfolio of single-family rentals to produce passive income, he found the strategy to be anything but passive. Neil didn't go looking for his first commercial deal—he stumbled into it. Since then, he has refined the process of analyzing and buying commercial properties that produce stellar cash flow. Neil has been involved in over $300,000,000 in real estate transactions. While his holdings in commercial assets include apartments, offices, mobile home parks, and self-storage units, his passion is industrial property. Neil now has verticals in residential real estate, multiple commercial asset classes, brokerage, publishing, and a successful podcast.    Click here to see video of the podcast. 

Unleash the secret weapon for real estate investors to supercharge their tax savings and unlock capital for reinvestment. Join us as we dive into the transformative world of Cost Segregation studies with expert Isaac Weinberger. Get ready to demystify the process and uncover the astonishing benefits that await savvy investors. Prepare to be amazed as we unveil how Cost Segregation can write off up to 50% of your investment cost in the very first year. Discover its power to offset ordinary income or even a spouse's W2 income when filed jointly. But that's not all – combine Cost Segregation with 1031 exchanges to further slash capital gains taxes and depreciation recapture. Unlock the strategies to keep liability at bay with 1031 exchanges and new property investments. Learn the secrets of bonus depreciation and partnership agreement terms that allow you to distribute depreciation to those who can't directly benefit but still contribute to others' success. Discover why harnessing all the depreciation upfront can be your key to advantage, unleashing liquid cash and crucial tax deferrals. And don't forget to uncover the essential tips for finding a top-notch CPA or cost segregation engineer for your real estate transactions. Tune in now to unleash the full potential of Cost Segregation and witness how it can revolutionize your real estate investment journey.Let's dive in! ​​​​​​​Key Highlights:[00:00 - 06:02] Maximize Your Tax Benefits with Cost Segregation• Taxes are one of America's largest personal expenses and this episode discusses how to capitalize on tax benefits• Isaac Weinberger is a specialist at Cost Segregation, which can save money and get incredible tax benefits• Cost Segregation accelerates your depreciation, allowing you to take more in year one and reinvest the excess cash[06:03 - 11:39] Understanding Cost Segregation• Cost segregation is a tool utilized by sponsors to identify components of a property that can be taken on a faster track for depreciation• Congress implemented a tax savings bonus in 2017 which allowed for all five and 15 year components to be taken on year one• Real estate professionals can offset ordinary income, W2 income, and spouses W2 income if filed jointly[11:40 - 17:06] Maximize Your Tax Benefits with Real Estate Professional Status and Offsetting Passive Proceeds• Passive proceeds can include stock market, Tesla, Apple and other investments• Syndicators can leverage depreciation to offer potential investors higher returns per dollar investment• Depreciation benefits can be taken all at once or spread out over time[17:07 - 23:51] Unlocking the Value of Cost Segregation• IRS thinks investors will hold onto property for an entire lifespan• Time value of money: take up front depreciation benefits rather than spread out over 30 years • Stay active in real estate investing to keep pushing tax liability down the road Key Quotes:"If you do a cost saving of property and then you sell it and you're about to get hit with the depreciation recapture, if you had 10 31." - Isaac Weinberger“If your spouse is a passive partner in your business, that's called passive proceeds.” - Isaac WeinbergerDownload our FREE ebook, The Definitive Guide To Passive Real Estate Strategies.Check out our Multifamily Syndication Group, and sign up for our NEWSLETTER.Want to invest with us? Schedule a brief call 

Today's Flash Back Friday Episode is from Episode #279, which originally aired on June 24, 2020. Adam is the founder of Gower Crowd, published author, and host of The Real Estate Crowdfunding Show. He has more than 30 years of real estate development and finance experience and has held senior management positions at some of the largest public and private companies and institutions in the world. Additionally, Adam is a highly sought-after expert in crowdfunding investment and finance, providing advisory services to sponsors raising capital and access to exclusive opportunities to a private syndicate of investors. He is founder of the National Real Estate Forum where he hosts the only internationally syndicated podcast series focused on the crowdfund real estate industry. Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Dial into this episode with Rich Neuharth to discover how multifamily real estate piqued his interest, ultimately leading to him becoming a successful syndicator. Stay tuned to learn more from his game plan, from mindset to closing great deals. Now's the time to take action and start investing!WHAT YOU'LL LEARN FROM THIS EPISODE Top-tier attribute every investor or business owner should haveHow syndications work and what are things that can be syndicatedAviana Capital Group's current investment thesisProactive ways to build relationships with potential partners and investorsUltimate advice on how to ace multifamily investingRESOURCES/LINKS MENTIONEDBest Ever Conference: https://www.besteverconference.com/ RaiseMasters: https://raisemasters.com/ Slack: http://slack.com Failing Forward by John C. Maxwell | Paperback: https://amzn.to/41oSmCT and Kindle: https://amzn.to/3Lgzikr Moses Lucero: https://avianacapgroup.com/about Vivid Vision by Cameron Herold | Paperback: https://amzn.to/3mv2pH9  Hardcover: https://amzn.to/3UrxUOY and Kindle: https://amzn.to/41MVVCO ABOUT RICH NEUHARTHRich Neuharth, Partner for Aviana Capital Group, is an experienced real estate investor who works with real estate professionals and investors to purchase commercial multifamily properties in stable and developing markets. He currently manages a multi-million-dollar rental portfolio. He believes that the relentless pursuit of strategic goals will provide opportunity and education to investors and continue to bolster economies. Rich is a decorated US Air Force Veteran and an Air Traffic Controller at some of the busiest airports in the world. As with Investing, he has dedicated countless hours to training and leading a workforce capable of quick, risk-mitigated decisions that have affected millions of lives.CONNECT WITH RICHWebsite: Aviana Capital Group https://avianacapgroup.com/ Email: rich@avianacapgroup.com CONNECT WITH USWant a list of top-rated real estate conferences, virtual meetups, and mastermind groups? Send Tate an email at tate@glequitygroup.com to learn more about real estate using a relational approach.Looking for ways to make passive income? Greenlight Equity Group can help you invest in multifamily properties and create consistent cash flow without being a landlord. Book a consultation call and download Tate's free ebook, "F.I.R.E.-Financial Independence Retire Early via Apartment Investing," at www.investwithgreenlight.com to start your wealth-building journey today!

In this podcast, we'll be discussing what is Ratio Utility Billing System, or RUBS for short. RUBS is a method used by some landlords and property managers to allocate utility costs among tenants in multi-unit buildings, such as apartments or condos. Instead of installing separate utility meters for each unit, the landlord can estimate each unit's share of the overall utility bill based on various factors, such as square footage, number of occupants, or some other formula. The landlord then bills each tenant for their share of the utility costs, which can include water, gas, electricity, or other services. The amount billed to each tenant is proportional to their estimated usage, hence the term "ratio" utility billing. RUBS can have advantages for both landlords and tenants. For landlords, it can reduce the cost and hassle of installing and maintaining separate meters for each unit. It can also provide an incentive for tenants to conserve energy or water, since they are paying for their own usage. For tenants, RUBS can offer a simpler and more predictable way of paying for utilities, since the billing is based on a fixed formula rather than actual meter readings. However, RUBS can also have some drawbacks and controversies. Critics argue that it can lead to unfair or inaccurate billing, especially if the estimation formula is flawed or biased. Some tenants may also resent paying for utilities that they feel are outside their control, such as common area lighting or swimming pool heating. In some jurisdictions, RUBS may be subject to regulations or legal challenges, so it's important to check with local laws and consult with legal or financial experts before implementing this billing method. That's a brief overview of what is Ratio Utility Billing. If you have any questions or comments, please leave them below and don't forget to like and subscribe to our channel for more informative videos. Thanks for watching! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors)

You are asking for trouble if you are raising capital without an understanding of securities law for syndications. As soon as you have 1 person who is passive in your deal it becomes a security and is subject to SEC Federal Regulations. Educate and refresh your understanding of this by spending time with lawyers like Stacey Bowers, Esq. On the full show we covered: Helping syndicators understand lawyer's roles. Exemptions and understanding syndication structures. Securities law compliances. Shop talk on Fund of Funds. When can a fund manager be viewed as an investment advisor? Being cognizant of securities acts that affect the syndicator. When might fund managers consider getting a securities license? The different exemptions . Reg. A+ vs Reg. CF. Why would a syndicator would start a fund? Fund Administration can be a mess! How to violate securities laws. What kind of solicitation is allowed for 506(c)? What is conditioning the market? Can The FBI knock on your door if your LP is a criminal? Find Stacey at www.3pillarslaw.com   Get all your syndication and capital raising marketing at pitchdecks.com  If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth  

Trevor Oldham is the Founder and CEO of Podcasting You, the leading podcast booking agency for real estate investors. Podcasting You has worked with hundreds of real estate investors to book thousands of interviews and raise millions. Through the inspiration of his clients, Trevor is actively looking to start his first house hack. Trevor has worked with Multifamily, Commercial, Industrial, Self-Storage, Mobile Home Park, Assisted Living, Short-Term Rental, Land and Note Investors and Syndicators. In addition to those Investors and Syndicators Trevor has worked with Wholesalers, Flippers, 1031 and Self-Directed IRA Specialists and even Real Estate Attorneys to help raise capital, generate more exposure, and increase their networking opportunities.

Neal Bawa is CEO / Founder at UGro and Grocapitus, two commercial real estate investment companies. Neal's companies use cutting edge real estate analytics technology to source and acquire OR build large Commercial properties across the U.S., for nearly 800 investors. Current portfolio over 4,800 units, with an AUM value (upon completion) of over $1 Billion. Neal shares his team's unique and cutting-edge real estate data methodologies to connect with geeky and nerdy (or just data driven) investors who share his vision - That Data beats gut feel by a million miles. Over 10,000 real estate investors have taken his free Real Estate Data Analytics course on udemy.com and the course has over 1,000 five-star reviews. Neal speaks at dozens of real estate conferences across the country and virtually, on the Internet. Over 5,000 investors attend his multifamily webinar series each year and hundreds have attended his Magic of Multifamily boot camps. His facebook and meetup groups have tens of thousands of investors. Neal believes that we are at a turning point, where traditional commercial real estate will combine with Proptech and Fintech technology disruptors, and will truly reach it's potential as a tradable, highly liquid asset class that will rival and eventually beat the stock market in its size and scope. Gain valuable insights on future buying opportunities and bridge loan debt risks with multifamily real estate expert Neal Bawa. In this episode, Neal explains what the avatar looks like for operators who may face trouble this year due to bridge loan debt coming due, and where he sees potential opportunities for investors. Don't miss out on this informative discussion! Connect with Neal: Website: www.grocapitus.com Partner with us: www.takeoffcapital.co Follow the show on Instagram: @therealestatetakeoff

You can afford an $8M apartment building. Perhaps you just haven't really asked: “How?” The answer: syndication. Today's guests are The Real Estate Guys, Robert Helms and Russell Gray. They've had a profound influence on me. If you're an active real estate investor with some experience, caught the real estate bug, and want to go full-time, Robert and Russ are masters at helping you go bigger, faster with syndication. You can aggregate other investors' money to buy a deal that you could not afford on your own, like a large apartment building, self-storage unit, or car wash. You must find both deals and investors. Syndicators must follow SEC rules. When you find a deal, the numbers must work for investors. But it helps that your project has a deeper story and meaning. Russell Gray provides an example. The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action Twice annually, they host the live, in-person Secrets Of Successful Syndication event. Resources mentioned: Show Notes: www.GetRichEducation.com/441 Join the next Secrets of Successful Syndication seminar: https://ap216.isrefer.com/go/soss/A0011/  Listen to The Real Estate Guys Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Memphis & Little Rock property that  cash flows from Day One: www.MidSouthHomeBuyers.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free—text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold

Todd answers the question, "How do you find good syndications to work with?" Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

Wow. I can't believe a challenge like this exists. I needed this challenge when I was a kid.  Imagine a 16-21 year old learning to underwrite deals and raise capital. Imagine that they could participate as Co-GP's in a real syndication. That is what Tim is trying to do with his Teen Millionaire Challenge. I look forward to following the progress on this challenge! I'm proud of waht you are doing Tim! keep up the good work. teenmillionairechallenge.com In the full episode we go over: Immigrating from Vietnam Scaling form SFR's to Multifamily Mindset Launching a Teen Millionaire Program Kids Making Offers on 100 Unit deals The American Opportunity for Creating Wealth Launching The Capital Raising Party Why Focus on Capital Raising? Raising for Small Deals vs. Large Deals capitalraisingnation.com capitalraisingparty.com capitalraisingsummit.com   Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth

Today, Marco and his co-host define syndication and share survival tips for investors amid the current market downturn. From articulating public placement memorandum to tactical exit strategies, you'll gain plenty of value about how syndication works, so check this episode out!   WHAT YOU'LL LEARN FROM THIS EPISODE Syndication: What it is and how it works Why you should be cautious about capitalization rates when investing Funds vs. syndications 2 common syndication mistakes Practical tips for syndicators     CONNECT WITH US  Email: marco@marcokozlowski.com Website: https://marcokozlowski.com Facebook: https://www.facebook.com/realmarcokozlowski/ Instagram: https://www.instagram.com/marco.kozlow

When times are harder innovation happens. As for what that means to syndicators, it means we will see new innovative lending products and creative finance like assumable loans. Let's here what Pranay had to say!   Dr. Pranay created the most amazing landing page for listeners of the Capital Raiser Podcast. Definitely check it out! crp.ascentequitygroup.com   Get your videos produced at pitchdecks.com like the Capital Raiser Show. If you would like to find out more about Family Office Capital Raising events you can visit lnkd.in/gD6mJ5gp Book a call with Ruben at calendly.com/rlgreth