Podcasts about touzi capital

Join us in today's episode with investing guru Eng Taing to discover how to minimize your tax burden and keep investing more of your earnings into income-producing assets. Don't miss our conversation about investor-focused deals, passive investing, and portfolio diversification to get a headstart on your path to economic stability. WHAT YOU'LL LEARN FROM THIS EPISODE How an abundance mindset can help you succeed in lifeLessons learned from corporate jobs you can apply in real estate investingWhy you should diversify your investment portfolioReal estate marketing tips to help scale your businessSenior living: What it is and how it worksRESOURCES/LINKS MENTIONEDRich Dad Poor Dad by Robert Kiyosaki | Paperback https://amzn.to/3MdlxSM and Kindle https://amzn.to/3RBfhFf SyndicationPro https://syndicationpro.com/Marketing Automation Tools for Small Business  https://squareup.com/us/en/marketingABOUT ENG TAINGEng is the founder and CEO of Touzi Capital. He is an experienced investor with $250M assets under management and 12 years of real estate experience and has focused on cash flow investing in creating significant passive income. He also has experience leading data science and analytics at Apple, Capital One, and AT&T. He applies that experience when identifying and underwriting investment opportunities and markets.CONNECT WITH ENGWebsite: Touzi Capital https://www.touzicapital.com/LinkedIn: Eng Taing https://www.linkedin.com/in/engtaingofficial/CONNECT WITH USTo book an exclusive FREE consulting session with Tate or to view his current investment offerings, please go to www.investwithgreenlight.com.Want 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.Special Announcement! Tate's brand-new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! Go to: Green Light Equity Group: http://www.investwithgreenlight.com/.Do you have difficulty underwriting deals? Never worry about getting your numbers wrong with Real Estate Lab, a cloud-based platform for investors. Sign up at https://www.realestatelab.com/ using the promo code TAG2 to get 10% off your first 12 months. Automate your acquisitions and underwriting like a boss now!

Senior Living Memory Care Investment Opportunity offered by Touzi Capital to Adapt Wealth. Projects like these are quickly snapped up by Institutional money and REITs for their predictable and consistent returns. Learn more about how you can get involved by clicking here https://adaptmywealth.com/senior-housing-opportunity/***********************************************************Knowing where and how to invest your hard earned dollars can be challenging. Which asset classes are best, where do I get my information, who can answer my questions without bias are some of many issues investors face. Adapt Wealth is a family of likeminded individuals looking to educate, network, and invest across all asset classes.  Consider joining "The Family" for exclusive access to content and investment opportunities:Join "The Family" to gain exclusive access to life changing opportunities and strategies that will change your life on our website below as well as other ways to connect:

There are many ways to earn passive income, so why limit yourself to just one asset class when you can diversify your income streams? In this episode, Eng Taing, Founder and CEO of Touzi Capital, shares insights on the different asset classes in the Touzi portfolio and how they are able to effectively and profitably serve their investors. Eng also goes in-depth into the Bitcoin mining process and the role it plays in energy generation and consumption. So tune in and learn how you can diversify your portfolio, earn passive income, and have cash flowing from multiple income streams! 

The founder & CEO of Empower Living talks about his new venture, his Master of Arts in Senior Living Hospitality from the USC Leonard Davis School of Gerontology, and why career path and empowerment go hand in hand. About Mark In addition to his role as CEO of Empower Living, Mark Reisman, CPA, is Chief of Acquisitions and Asset Management at Touzi Capital, a private equity firm specializing in senior living and multifamily investments. He oversees an $80M portfolio of twelve properties, totaling 990 multifamily and senior living units. Mark is the former CEO, CFO and Interim COO of WindRiver Management Corp., where he managed 30 senior living communities in Texas, Florida and Oklahoma, including assisted living, memory care, and independent living, in addition to two 200+ bed multifamily communities. Management company revenues increased by 28% over 2.5 years, and the company transitioned from a strictly third-party manager to also owner-operator. Key Takeaways Part of empowering staff is making sure they're productive and not wasting time on administrative tasks like scheduling and health records. Give employees tools and be a sounding board. Fall risk reduction needs and an offense and a defense, including motion detector sensors and video with AI technology that detects a fall once it occurs. It's important to provide career path and educational opportunities to grow the next generation of senior living executives. Senior Living is notorious for having frontline workers who do not get promoted or promoted very far, so it's important to provide pathways for growth.

Mark Reisman is a Founder and CEO at Empower Living Management and Chief of Acquisitions & Asset Management at Touzi Capital. In this episode we talked about: Mark's Bio & Background Senior Living & Multifamily Market Acquisition Process Management Underwriting Deals  2022-2023 Real Estate Market Outlook Geographic Areas for Investment Vetting Deals  Mentorship, Resources and Lessons Learned   Useful links: Senior Living Foresight https://www.youtube.com/c/seniorlivingforesight The National Investment Center for Seniors Housing & Care (NIC)  https://www.nic.org American Seniors Housing Association (ASHA) https://www.ashaliving.org Linkedin https://www.linkedin.com/in/mark-reisman/ Transcription: Jesse (0s): Welcome to the working capital real estate podcast. My name is Jesper galley. And on this show, we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name is Jesper galley and you're listening to working capital the real estate podcast. My guest today is mark Riesman. He is the founder and CEO of in power living.   He is also the chief of acquisitions and asset management for Tuesday. Capital mark. How's your day going today?   Mark (38s): Going well, glad to be here.   Jesse (39s): Well, thanks again for joining, joining us today. I think listeners will get a lot of value. It's kind of hearing your background and story in the industry and where you specialize, but like we do with all of our guests before we kick it off, maybe you could give us a little bit of a background on your path in real estate where you got started and how that journey has been.   Mark (1m 2s): Yeah, it sounds good. I, I grew up in Los Angeles, went to school at UC Santa Barbara and we didn't have too many practical majors there for business. So my path was to go the emphasis in accounting from the biz econ major and got the main recruiters out of that program were a big four accounting firms. So from that I went into, I worked at PricewaterhouseCoopers for about five years plus some internships and, you know, spent a lot of time in accounting and finance have always had the entrepreneurial mindset though.   You know, I on real estate, after living with my parents for a couple of years to save up, I did buy a condo and rented out a couple of those bedrooms. And then, you know, from there just acquire more. So, you know, they had a house that I rented to. Students had some fourplexes, couple of partners in those here in Dallas, but Pricewaterhouse Coopers did bring me out here to, to Dallas, Texas. And I've been here for that about 16 years, a long time during that time again, you know, a lot of accounting and finance was controller of a restaurant fry franchising company.   Also I owned, well, I started doing triathlon and it's kind of spiraled out of control before you knew it. I owned the DFW tri club. And so I bring that up because one of my, my club member slash friends was in the club and we're on a triathlon trip. And I was pretty, pretty bored out of my mind at again, an accounting controller and, you know, with my real estate background, he was the CEO of a property management company for senior living.   And so he needed someone with my skillset and I was ready for something new. So I joined, we had 25 properties at the time, including independent living assisted living memory care, and then a couple of multifamily. And so, yeah, it was, it was a lot of fun time, a ton of learning going on during that time, especially, you know, the first eight months I got my legs under me, my friend ended up leaving to focus on his asset management business.   There's a little bit overlap with our clients. So I, I failed in the role as CEO CFO, a few months later, we lost our COO. And so rather than just hire someone quickly as the COO, despite my limited senior living background, I was the interim COO for about a year till we figured out what we needed out of that position and hired for it. So again, you know, running assisted living and memory care at that point, relied heavily on a really great team, you know, again kind of learning very collaborative team focused, but you know, ultimately I had to move on.   So, you know, summer of July, 2020, I left, I started to try and acquire my own communities and build it from the ground up. And so a couple of things happened there. One was, I Googled masters in senior living and I found a program at USC through their Leonard Davis school of gerontology, got to take my time getting that.   So a couple of, you know, just this last may, I got my master's in senior living hospitality. They had a neat program with Cornell to get the certificate in hospitality from Cornell as well. And then, you know, on the acquisition side I was chasing some deals. I did partner up with an Tang at Toesy capital and he, you know, we were going to partner on some deals, nothing ended up working out, but when I did have something ready to go, that did work out Toesy was very busy at a time with Bitcoin mining, oil and gas and some other, you know, very interesting deals at the time.   So, you know, I, he, he did invite me to be his chief of acquisitions and asset management to help with his large multifamily portfolio, some senior living that Toesy has as well. But for this deal here in a suburb of Atlanta, you know, I, it's still a good deal. I ended up bringing in another partner Romena with aspire ventures and yeah, great.   Yeah. You know, we're off to a couple of a couple months in the books here and after the fund start,   Jesse (6m 22s): That's great. So a couple things there, the, the first one, the senior living aspect, you know, it's kinda, it's I always look at it as the different sub categories of multifamily. What was that like getting into just that world, the senior living real estate? How, how was it different than, you know, compared to multi-family deals that you've done? I'm sure there's, there's nuances there that, that you don't think about when you're just doing straight up multifamily or, you know, either other asset classes where you're not really, there's no operating business aspect to them.   Mark (6m 59s): Yeah. Great question. And multifamily. I love multifamily. Okay. I love senior living there. They're great. And they they're there parts about each of those that I think they can learn from each other. And so, you know, when, when there are opportunities to blend them, we jump at it. So for, for multi-family, you know, if you're doing value, add the business plan is typically, you know, walk in, spend some CapEx, do some energy efficiency, upgrades, you know, maybe there's some kind of, you know, marketing or management, but you know, there there's maybe five or so people working there.   So it's not a big operations. It is real estate with some know-how. And so, you know, when that, when you then think about senior living, it is a very, you know, operations heavy it's, it's a business. You might have some of what I just mentioned from what my family, but more often than not the opportunity lies in the operation side. So in order to, you know, have a successful operations or investment in this case, you need to have really great partners who really know what they're doing.   And it, you know, I think I, I got pretty lucky the way that I got in, cause I kind of stepped into this, you know, great group of folks that I didn't have to, you know, I, I don't know. Yeah. I'm not the person that is going to be a caregiver. It's not in my nature, but my nature is how can I support my team so that they can self-actualize and when they self-actualize, that is reflect, you know, that rubs off on, on the residents and, you know, we, we have a better chance of them self-actualize so, and that that's really my place.   How can I best support the team who, you know, the boots on the ground or the folks supporting them.   Jesse (9m 8s): And in terms of the actual process on the acquisition side, is there a different approach that's taken? Cause it's, it's more of a, or somewhat similar to a private equity deal as opposed to a real estate deal, you know, what are the, some of the major differences that you find when you're, when you were acquiring? Cause I could imagine, you know, there's at least two things that you're looking at, you're looking at the real estate investment, but you're also looking at the operating business, you know how you're going to continue that with you, whether there's an operator there, if you could talk a little bit to that.   Mark (9m 40s): Yeah. So everything that you do for multifamily, you do for a senior living and then you, you know, so all the comp, the, the comp comparisons, the inspections all the same, you do add more inspections, there's a lot deeper audits, you know, residents records and it, you know, so, so th so there's more, and then, you know, from w with my accounting and finance background, you know, I, I usually start with the spreadsheet and then, you know, do things make sense?   Based off the hundreds of deals, I've looked at different areas, parts of the country, you know, is there room to increase rent? What do we have to do to increase those rents? So, so a piece of that, again, is similar to multifamily, but since there's only a handful of senior living communities in a five, 10 mile radius, you can kind of pinpoint, you know, can a market support, you know, the feasibility of, of what we're trying to do here.   The, again, going back to the spreadsheet, things have been crazy lately with, with labor costs. And so, you know, for independent living or the subsets of active adults, senior apartments, there's not a huge operations component. It is very similar to multifamily. You get to change the marketing. Maybe there's some extra activities. Those aren't very expensive, but when you start to add food for first, he add food.   So in some independent living may not have the some may. So maybe you're talking an extra, you know, five to seven people. When you had food, how many meals a day are you going to provide some independent living? Maybe it's, maybe it's just continental breakfast. That's not it, a large operations maybe have that plus one meal a day, or maybe have three meals a day, seven days a week. So there's, there's a spectrum there when you get to assisted living and memory care.   Yeah. You have, you know, three meals a day snacks, you know, seven days a week. And then with the assisted living and memory care, you add in the care or wellness component. So, you know, maybe we, we like, we, we usually have a registered nurse and RN in charge of that, that department and that you don't always need it. And then you have care team supporting those efforts, the ratio that you have for assisted living.   We typically underwrite 12 and a half residents for one caregiver for assisted living. And the memory care is usually about eight to one. Ultimately you need to provide a safe environment for them to, you know, for people to leave. So if you have a lot of people who are what we call high acuity and need a lot of extra support, maybe those re ratios shrink a little bit, but then you can also potentially charge more for, for those extra services.   So from a marketing perspective, some communities will have a all inclusive rent. So those rents are a little higher. Yup. Others charge a level of care. And so if you don't need much, you're not paying as much. If you need a lot, you pay a lot. And that's, I like that the most, I think that's fair for, you know, for everyone, if, if you're just charging for what you use, but you see it on.   Jesse (13m 35s): Yeah. That makes sense. And in terms of the management aspect of it, you know, when you go to buy multifamily, you know, depending on the philosophy of the investor, you could assume the current property management, you might have vertically integrated multi management within your firm. You might outsource it. Is it somewhat similar on the assisted living or senior living side of things, or is that something where you see majority of it's already in house and, you know, the purchaser would have those capabilities?   Mark (14m 8s): Yeah. I think it's similar to multifamily where, I mean, if it depends on the purchaser, so if you have a great operating team already in house, or that you work with, that you partner with, you know, even if you acquire a great operations, you may still want your people in there versus other purchasers who don't, and they, you know, if you want to get into market, or if you're already in a market, you don't make your partner, you know, then you can acquire that, that building or community take that the operator and then kitchen to go manage your other stuff.   So, yeah, the possibilities are similar.   Jesse (14m 54s): So in terms of the, the multi-family side of things, or I guess you, you could, you can answer this on both on both asset classes or, or, you know, subcategories, the underwriting process that you have done, or you do for properties that you're looking to purchase a lot has changed in the last 12 to 24 months. Has your underwriting change, you know, within the last year, and if so, what aspects of the underwriting?   Mark (15m 22s): Yeah, it's, it's getting much, much more difficult to get bills to pencil. Labor is, is the big, the big one for assisted living memory care. And then, you know, with interest rates creeping up, it, it is getting tough to underwrite stuff. I have quite a bit in the pipeline and I'm just not jumping on, on things right now. Like, you know, previously, so, you know, operating margins are, are key because you can get deals to have a return, but then, you know, if, if you're only doing a 20% or less operating margin there that comes with the higher risk.   Yeah. So previously before the pandemic, when I, when I was looking at a mix, you know, AOL memory care product type, I would aim for about a 35% operating margin, you know, 30% is still acceptable, but these days it is hard to get to 25%. You know, I, I do think, you know, ultimately with inflation, yeah, costs are going up, but we're also able to raise rents, but you can't do it right away.   You have to ease into it. You have to, you know, really create a story behind it. And so, you know, being, being sensitive to folks who might be on a, an income that, you know, it, it's not going to change much right now, if, if social security is increasing, like it is these days, I think it was just 5.9% recently with their Cola adjustment. You know, that that's something that I think is fair to pass on because we're now spending more to, you know, bring the people into, to help provide the care.   So, but it's, it's a open conversation with the folks that, you know, you're, you're, you're renting with you   Jesse (17m 31s): And has the structure on the debt side, has that on the debt side, has that changed in, you know, in light of the fact that, like you mentioned, there is quite a bit more inflation. The question of whether it's something that persists, I guess, is a somewhat of an open question, but yeah. On the debt structure side has, has your view on debt change given the environment that we're currently in?   Mark (17m 57s): So I haven't, so we closed on our AOL memory care community May 2nd. I don't have another example that is ready to pitch and chase. So I have seen a handful of multifamily, and I know that, you know, lenders are coming down on their LTV. You know, obviously like if, if you want a rate cap, those are th the, the cost of that is, is very expensive, you know, deal that we just closed on multiple 319 units in, in Houston multifamily.   We had the lender retrade us the night before lowering our loan amount by 3.3 million. And, you know, the w we did have an interest reserve from them. We bought a two year rate cap, and then instead of the third year rate cap, we just put cash in the bank for a reserve. So, you know, it's still the, the deal is still pencil. And luckily we're able to still close on that deal, but it was, it was a challenge.   Jesse (19m 15s): Yeah. I know it would be somewhat different for markets like I'm, I'm in, you know, either Toronto, Vancouver, New York, San Francisco, I, of these really expensive markets, they here operating margin 25, 30%, I guess, if you could kind of spin that a little bit more on the side. I oftentimes we'll S we'll think of it. At least the metric we use oftentimes is, is our expense ratio. You know, w what portion of, of our income is going to expenses, but we're, I mean, 25, 30%, that would be a very big challenge to find.   Are you finding that on the multifamily side, that your expense ratios or your   Mark (19m 54s): Yeah, no multifamily, you know, you're 50%,   Jesse (19m 57s): 2%. Yeah.   Mark (19m 59s): And even independent living still, if it's 150 unit independently, you know, we're still shooting for that, you know, 50% range, you know, can we go to 45% sure. But, you know, for as, as heavy as operations are now, you're still pumping out a great NOI if things are going according to the business plan and, you know, but, but then the cap rates are different, right? For the lower, for the lower operating margin, the cap rate increases because your risk is higher.   And so, you know, for multifamily, if you're running underwriting for 4%, 5%, you know, active adult, you're looking at 5%, generally, this is general writing. It's different for every market or unique situation for each building, but independent living, you know, maybe it's 6%, if you're adding in, you know, extra activities of a van or bus to transport people, a meal for assisted living rule of thumb is generally been about 7%, you know, can you go lower?   Sure. Can, you know, average, I'd say a seven memory care, seven to 8%, and then skilled nursing is a complete anything that I said today previously excluded skilled nursing. Yeah. But you know, those cap rates, you know, maybe it's 10 to 12%.   Jesse (21m 34s): Yeah. You're going to need that return. So in terms of the, you know, the, the environment is the environment. I mean, it's really the, there's certain things that we can de-risk and some things we can eliminate others, we just have to adjust to, or mitigate, or, or try to, in terms of the way that you're looking at the next year or two years without having a crystal ball, obviously, you know, what, what is your general view of this, the state that we're heading in from a real estate perspective, you alluded a little bit to, to rental increases, you know, over the longer term, anything else that you think that is coming down the pike for us?   Mark (22m 14s): Yeah. I'm not, I'm not gonna attempt to, to, to forecast that publicly. I will say that, you know, if you have in senior living, if you have, you know, good operating team and you stick to the fundamentals that, you know, if there is a downturn, you know, it's gonna, it's gonna make it very difficult for people without good operations to survive. And that'll give us more opportunity, you know, multifamily, I mean, you know, things that we'll be looking at our collection rates, you know, it's, I think it's been a big issue for, for multifamily, especially if you're in C class or B senior living.   I think, you know, there, I like to say senior living is recession resilient. It's not necessarily recession proof, right? You're not completely missing the exposure because if someone is investigating the stock market and the stock market crashes, you know, there goes their savings. If housing prices crash and now, you know, someone who's, who's retired and looking to move in was relying on the equity in their house.   Now there's less available or none. If there's an adult child, he's supporting the parents and they lose their job. Okay. So, but you do have, you know, it's not all doom and gloom because a lot of those folks, hopefully they're invested in something more conservative. There is some kind of savings, or, you know, a pension that is immune to those types of drops. And so, you know, do we fare better than multi-family in the downturn?   I think so. It's, I've seen data in the past that, you know, we, we do perform better. Will that continue to be the case? I hope so. We'll see.   Jesse (24m 15s): Yeah. I mean, you, you raise a good point with the, the aspect of rent that, you know, all things being equal, the asset asset prices or inf asset, excuse me, price level, rising inflation should download into rental rates being higher, you know, so that typically if I hesitate to use the word hedge, but if you look at real estate as partially hedging, or at least being like you said, resilient or resistant to inflation, it's that downloading of, of rent to our customers or our, you know, our tenants.   And on that note, on the asset price side of things, I think we've all regardless of the market, you're in, we've seen some crazy prices for real estate cap rates getting compressed and compressed and compressed. What I see in our market is owners vendors. Basically they haven't, there's still a big disconnect between where they think the valuation is of their properties and what the market's willing to pay. Is that what you're seeing and, and w you know, what, what do you think is the outcome of that?   Do you think that owners would, you know, eventually they, they see the tea leaves and they, they have to adjust, or you think there's just going to be a lot of vendors that are holding properties.   Mark (25m 30s): It's going to be all of the above. You know, I there's owners today who are now lowering prices or lowering expectations, you know, when we got Retraded on the multifamily, the, the seller worked with us on that. And so, you know, then we didn't ask for a hundred percent of the difference, but, you know, it is a shared risk. And so, you know, it depends on the tolerance of the individual sellers for each, each project, whether it's multifamily or senior.   Jesse (26m 4s): And is there a, a geo geographic area that you're looking to invest, or are you, are you, are you just picking deals based on, on the fundamentals of those deals?   Mark (26m 15s): Yeah. And so, since I'm in Dallas, it's easy, you know, two hour flight to a lot of parts of the country, you know,   Jesse (26m 22s): Level of landlord friendly parts of the country.   Mark (26m 26s): Right. And so we like, we like the sun belts, you know, my rule of thumb is generally about two hour flight now, would we, you know, we did look at stuff in the Midwest that was just beyond that, but it, it came scale. And so, you know, if we're looking at a portfolio that can support adding a team member, who's local, you know, then we have someone from our operating company in power living in that, in that town, you know, would I, I R or my COO still visit there.   Absolutely. But, you know, we wouldn't be kind of primary. We'd have someone from our network that would, you know, be full-time in that area.   Jesse (27m 14s): Yeah. That makes sense. So just want to shift gears a little bit here. So you, you are also an investor as a limited partner in real estate deals. I think there's, there's a lot of individuals out there. I know there's listeners, I've gotten emails before that they don't, you know, they're not going to be the general partner, they earn a good income, but they are maybe busy professional individuals from the LPs point of view, when you're looking at vetting, these deals, you know, what are a couple of the high level items that, you know, it will be the first thing that you look at when evaluating   Mark (27m 49s): Yeah. You know, especially the work I do with, with those, you know, it doesn't matter whether your LP, JV partner, what it comes down to, you know, knowing your operating partner. Yeah. So, you know, to the extent that you can do really great due diligence on your partner, you know, whether it's, you know, asking them a lot of questions, seeing a lot of case studies, you know, they, you need a great operating partner if you're an LP and you're looking to invest, you know, do you trust the sponsor?   And then, you know, so, so participating in the webinars, hearing all the work they did in the background. Yeah. I, I think that goes along with anything that you do, right. I'm one hand kind of going back to our earlier topic you were talking about. Yeah. I, I, I don't really invest anymore in the stock market. I know I should, to me, there's just, there's a lot of, there's a lot. I don't know. I'm not the expert there, someone to help manage that for me.   Sure. Can I invest in the ETF? Sure. But there's, there's a lot that I can't control. And so for me, I I'm much heavier invested in, in real estate. There's still stuff I can control, but I can control a lot more and I have inside information. Right. And so,   Jesse (29m 27s): And it's not illegal.   Mark (29m 29s): It's right. Exactly. Yeah. So I, you know, when I, when I think about investments, so you do you want to be diversified, right. And so, you know, if you're thinking about senior living as a diversification tool, it's great. He did need to do a lot of research. First, you should attend webinars events and, and, you know, understand kind of the background behind stuff.   Other than, you know, what we hear a lot in the media is, oh, a silver tsunami coming, you know, this big wave of, you know, the baby boomers are coming and it's true. But, you know, by the way, silver tsunami is a little derogatory for talking about our older friends here. But, you know, th the aging difference in the amount of caregivers, potential caregivers to older adults is going to be shrinking significantly here over the next three, four decades.   And so, you know, demographic wise, there's, there's compelling reasons to look at this as a different diversification tool, but do your homework first start to meet people in the industry?   Jesse (30m 44s): Yeah. We were, I was talking with a couple of colleagues yesterday about the diversification within the real estate domain, because there's this assumption that if you're just in real estate, that's just one bucket, but, you know, as you know, the hospitality, industrial office, multi Raz, and then those get chopped up even further. And I think there is a, you know, there's an argument that can be made that. Yeah, sure. It's you can diversify more in different asset classes, but it seems like your philosophy is very similar to mine. And that I know enough to know what I don't know.   So when somebody is talking about, you know, investing in a mine in, in the Midwest or Western Canada, I, I, you know, for me, unless, like you said, you have an expert in that area that you trust, I'm going to stick to what I know. I think the other nice thing with real estate is you seem like a level headed guy, mark, but for us a little bit more impulsive people, you know, we can't just press a button and sell, you know, seller assets stock. Market's definitely one of those things where every study I've seen on this topic shows that people get in and out of stocks way too much.   And their transaction costs are really what would start killing the returns.   Mark (31m 52s): And that's where technology is, is so great. And I feel like w what is it? Would it, it wouldn't be an NFT, would it where, you know, instead of having, you know, your, your LP investment going onto a piece of paper and sitting there until, you know, an event that, you know, you then, you know, sell your piece of paper when you can turn it into coin and then, you know, trade off that, you know, it might increase the transaction costs a little bit of, you know, getting it done.   But I think long-term all these escrows are going to turn into, you know, the, the word is escaping me right now, but, you know, going there's might be a part, we edit   Jesse (32m 46s): Sure. A we can edit something. I think I like, from my perspective, it's this aspect of, you know, starting to treat this stuff like credit cards, or, you know, this one, once you make it frictionless, I think for me is one of the, the, the challenges for depending on the individual. But yeah, I think, I think the aspect of real estate for me is that fact that there is a process. There's a, there's a kind of an implied count to 10 when you're thinking about being impulsive with real estate.   Mark (33m 17s): So actually, okay. So tokenize, that's what I said. Oh   Jesse (33m 20s): Yeah, absolutely.   Mark (33m 22s): So when we start to tokenize real estate, I think that's going to help free up this, you know, the ability to liquidate our investments much easier. So, yeah, that's, that's very interesting. And I know some groups that are starting to work on that as well,   Jesse (33m 41s): Right on, well, mark, we're coming up to the time here. There's a couple of questions we'd like to ask our guests before we wrap up, and then we can connect people with yourself and just basically give them a somewhere to go online. So if that works for you, I'll kick it off.   Mark (34m 0s): Yep. Sounds good.   Jesse (34m 2s): Awesome. What's something mark. And your career now that you know, that you, you wish you knew when you were first starting out, whether that's in senior living or just a real estate in general,   Mark (34m 15s): That's tough. I mean, certainly, especially in audit where I got to see all different types of days and, you know, and the inner workings of, of these big companies, small companies, I, I really appreciate the amount of diversity I've had with my background, but man, I also see folks who who've been in senior living this whole time and, you know, the level of that, the, the speed of how they've gotten to where they are today is, is great.   So I, I'm not going to say that I have any regrets. I think it's been a fun journey and I like where I'm at today, but it would be interesting to know if, if I had known about senior living at the time and, and focus on that from the beginning, you know, were how, how things be different. Oh, well,   Jesse (35m 7s): Yep. A couple words on mentorship, your view on mentorship and how important is, is something like that for somebody getting into our industry.   Mark (35m 17s): Oh man, it's, it's huge. And, you know, especially since I just wrapped up getting my masters at USC in senior living, you know, from that I learned about the vision center, which is a leadership development program that we're trying to get, get great people into the industry and giving them a pathway for growth. And so, you know, the, the program programs that we're doing at empower living are, are similar to that, right? We want to empower our employees or we call them team members to give them a path for growth.   And so we're, we're, we have, we're, we're working on partnerships with the local colleges, if there's gerontology programs, especially, you know, just ways that we can help develop them. So that'll help us attract top people, people who want to grow, who have growth mindset. And so we think, you know, that's just gonna continue to be a, something that is mutually beneficial. So, so it's very important.   Jesse (36m 23s): That's great. A couple of resources, one or two that you could recommend that could be a podcast. You're listening to a book you're reading a for listeners,   Mark (36m 33s): I would say senior living foresight is very interesting. And you know, Steven ran is this, he's been around the industry for awhile. He's got a lot of views and he, he challenges the industry. So it's very good. And he's got, you know, he's got a, a podcasts, there's a, what's it called and, you know, emails that come off.   And so it's, it's fun to listen to that senior housing news and McKnight's both have very good news. So you're staying up to date with that NIC NIC national investment center is, you know, my go-to for, you know, learning trends in the industry. And then I'm also a member of Asha American senior housing association, which is a little more on the advocacy side, but great data as well.   So, you know, those are combined, I think, you know, w what I do to keep up and yeah, I think those are good sources.   Jesse (37m 57s): Yeah. We'll put a, we'll put the links in the show notes. All right. My favorite question, first car, make and model.   Mark (38m 3s): I can't tell you that because that's like half of my security questions, but they don't make that car anymore.   Jesse (38m 9s): That's amazing. We've never gotten that one before, but, but I respect it.   Mark (38m 15s): I will say it was baby blue with blue Huck hubcaps and blue vinyl. And I inherited it from my grandma.   Jesse (38m 23s): Well, you're, you're, you're a classy guy, mark. I could tell that already mark, for, for people that want to learn more about yourself or senior living or the companies that, that you're associated with, we send them my guest today is Thank you so much for listening to working capital the real estate podcast.   I'm your host, Jesse, for galley. If you liked the episode, head on to iTunes and leave us a five star review and share it on social media, it really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R a G a L E, have a good one take care.  

In this Topical Tuesday's episode, I spoke with Mark Reisman, who is the Chief of Acquisitions and Asset Management for Touzi Capital, where he oversees an $80M portfolio of 12 properties, totaling 990 multifamily and senior living units. Additionally, he is the Founder and CEO of Empower Living, which currently manages 2 properties in Texas and Georgia. Mark has a unique and broad perspective, given that he invests in both multifamily and senior living. Be sure to tune in if you're interested in learning about: Where Mark is seeing the best opportunities in both senior living and multifamily What his acquisitions process looks like, given he's acquiring two very different asset classes How his underwriting has been impacted the past 3-4 months giving the changing market environment What his near term predictions are (1-3 years) from a valuation perspective for both asset classes To your success, Tyler Lyons Resources mentioned in the podcast: 1. Empower Living Management 2. Touzi Capital 3. LinkedIn Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Why should you strive towards a clear objective?The value of understanding opportunities and wisely investing in themA high-level overview of what Bitcoin is all about  The Bitcoin mining process and how it differs from real estate investingUseful advice to achieve financial freedom The Life & Money Show Spotlight:Your Life & Money: What is one thing you're doing to live a meaningful and intentional life by design?Other's Life and Money: What is one life or money hack that you can share that will make an impact in others' lives right now? Life & Money in the World: What's the one thing you're doing right now to make the world a better place? ABOUT ENG TAINGEng is the founder and CEO of Touzi Capital helping partner investors to earn passive income and Teracel, his own Bitcoin mining company. He started his life tough growing up in a refugee camp in Thailand before moving to America. Growing up in Los Angeles and while at the University of Pennsylvania, he studied economics by day trading and playing poker to finance his tuition. He is a trained economist from the Wharton School of Business and ventured into investment banking. He volunteered and joined the Peace Corps in the Republic of Georgia. He's also worked at Apple, Capital One, and AT&T, where he led data science and analytics operations. His experience in real estate investing started after purchasing a triplex property at the age of 23. Now, he focuses on investing in high cash flows to generate passive income through purchasing and optimizing multifamily, senior residential facilities, and bitcoin mining businesses.  CONNECT WITH ENGWebsite: Touzi CapitalYoutube: Touzi CapitalTiktok: @engtaingofficialLinkedIn: Eng Taing CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!

If you are looking for passive monthly income, with appreciable upside and tax advantages then maybe Bitcoin mining is for you. If you want all of those things but don't want to house a server farm in your basement, maybe investing in a Mining Fund is for you. Join us for Part 2 of our conversation with Touzi Capital's CEO Eng Taing as we learn about the Business of Bitcoin Mining.***********************************************************Knowing where and how to invest your hard earned dollars can be challenging. Which asset classes are best, where do I get my information, who can answer my questions without bias are some of many issues investors face. Adapt Wealth is a family of likeminded individuals looking to educate, network, and invest across all asset classes.  Consider joining "The Family" for exclusive access to content and investment opportunities:Join "The Family" to gain exclusive access to life changing opportunities and strategies that will change your life on our website below as well as other ways to connect:

Does anyone remember the episode of Billions where Axe's son gets expelled from boarding school for blacking out the power grid of a small town? Whether you are looking to start a dorm room mining operation or are simply interested in how Bitcoin mining works, you won't want to miss this conversation with Eng Taing, CEO of Touzi Capital.***********************************************************Knowing where and how to invest your hard earned dollars can be challenging. Which asset classes are best, where do I get my information, who can answer my questions without bias are some of many issues investors face. Adapt Wealth is a family of likeminded individuals looking to educate, network, and invest across all asset classes.  Consider joining "The Family" for exclusive access to content and investment opportunities:Join "The Family" to gain exclusive access to life changing opportunities and strategies that will change your life on our website below as well as other ways to connect:

I hate to be the bearer of bad news, but we all missed the boat on bitcoin. Even if you invested in bitcoin in 2010, I bet you wish you had thrown in a few more dollars.  However, it's not too late to make a profit in this exponentially growing industry!  You may have heard of the concept of bitcoin mining, and as a real estate investor, I am very excited about the advantages that this asset class offers.  Eng Taing is the Co-Founder of Touzi Capital, which operates a bitcoin mining fund that owns thousands of miners in retro-fitted shipping containers and a repurposed GM car manufacturing plant. Eng has 12 years of private market and real estate investing experience and has focused on cash flow investing to create significant passive income. In today's episode, we discuss: How to protect against regulatory risk in this rapidly changing industry. How Eng was able to reduce expenses by 80% through negotiating commercial leases with clean energy producers.  Why Eng is able to source miners at a significant discount.  What large institutions are doing to generate profit through bitcoin.  How Eng's team can generate a 75% return through their competitive advantages.  If you are a cash flow investor who is looking for tax-advantaged investing opportunities or you are looking to diversify into crypto with limited volatility risk, tune into this episode to learn about this extraordinary new investment! Take Control, Hunter Thompson Resources mentioned in the podcast: 1. His Website 2. His LinkedIn 3. Stonehaven Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Did you kick yourself for not investing something into Bitcoin in 2013?   Consider that crypto will continue to create more millionaires before it becomes mainstream to everyone.  Once it becomes stabilized the returns will level out.   It's not too late for you if you educate yourself now. In this episode we are joined by Eng Tiang, who shares his amazing background of being raised in a refugee camp in Thailand and how he launched his career in real estate and tech to be one of the top bitcoin mining operators in the country.   If you are new to the cryptocurrency or bitcoin mining space, Eng walks us through his investment thesis on why he thinks Bitcoin will be north of $350,000 in 5 years and how he can mine for Bitcoin at an extremely low cost of less than $10k.   The question is no longer IF crypto is here to stay… the question is whether you'll participate in this financial revolution.   Just see:  Huge banks are all-in now (even though most of them despised crypto as little as two years ago). Here's a list of banks hiring top crypto talent to keep up with the times: JPMorgan Chase, BNY Mellon, Deutsche Bank, Wells Fargo, Citigroup, Goldman Sachs, Morgan Stanley, Capital One, UBS, Bank of America, Credit Suisse, and Barclays. Venture capitalists like Andreessen Horowitz, Digital Currency Group, and Pantera Capital sunk over $32B into crypto projects in 2021. Institutional investors are getting involved, including public and private pension funds. In fact, 62% of institutional investors are planning crypto purchases in 2022. Insurance companies, regarded as the most conservative investors on the planet, have begun sinking some of their cash reserves into crypto. MassMutual famously invested over $100M in Bitcoin just over a year ago — and has watched that investment more than double in value since then. Tune in to the full podcast to see how compelling this business model really is. If you would like to learn more about how you can participate in this lucrative opportunity with Pantheon and Touzi Capital please contact us here.    Connect with us: Join the Pantheon Investor Club: https://pantheoninvest.com/investor-signup/  Website: www.pantheoninvest.com  Podcast: www.pantheoninvest.com/podcast  Facebook: https://www.facebook.com/PantheonInvest  Twitter: https://twitter.com/Pantheon_Invest   LinkedIn: https://www.linkedin.com/company/pantheon-invest  Youtube: https://www.youtube.com/channel/UC8EsPFlwQUpMXgRMvrmbAfQ  Holistic Wealth Strategy Book: https://www.amazon.com/Holistic-Wealth-Strategy-Roadmap-Financial/dp/B089CS58F1   Email: info@pantheoninvest.com 

Your drive for success should be rooted in a question of “why”? What is your why for everything that you do in your life? Why do you work so hard at your job? Each of us has different stories and experiences to tell, but we're all ultimately driven by our “why”. In this episode, Eng Taing, founder of Touzi Capital and experienced real estate investor, talks with Dale Corpus about his why and how that led him to lead a successful life. Listen in and learn more as Eng shares his story on how he learned to build his wealth and grow his cash flow.

Eng Taing is the CEO & Founder of Touzi Capital and is an experienced real estate investor with $150M assets under management.  Eng is an economist by training, from the Wharton School of Business.  He also has experience leading data science and analytics at Apple, Capital One, and AT&T. Touzi Capital focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing blockchain, pre IPO,  multifamily, industrial, and senior living assets.Main Points:Why blockchain is a great hedge against inflation and btc price, why senior living is a great investment, why I invest for cash flow, how to save on taxes, being self-made (born in a refugee camp in thailand) Connect with Eng:  www.touzicapital.invportal.com/signup

Title: Flexibility and Freedom in the Real Estate with Eng Taing   Eng is the CEO & Founder of Touzi Capital (pronounced Toe-Zee) and is an experienced real estate investor with $200M assets under management.  Eng is an economist by training, from the Wharton School of Business.  He also has experience leading data science and analytics at Apple, Capital One and AT&T. He's the classic immigrant story, born in a refugee camp in Thailand escaping the Khmer Rouge and finding success in data & math in America. Eng focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily apartment buildings, senior living communities, & bitcoin mining operations.   Let's tune in to his story! [00:01 - 06:45] Opening Segment Get to know my guest for today's show, Eng Taing Eng shares the overview of his Real Estate journey How Eng got his properties The side hustle became the main hustle   [06:46 - 20:24] On Doing Real Estate and Focusing on Senior Living Asset Class Getting Project Managers When and how Eng decided he wanted to do Real Estate full-time Why Taxes and Cash Flow are Eng's favorites about Real Estate Phases of growing your wealth The flexibility and freedom you have with a Passive Income What other asset classes Eng invests in Senior Living deals Eng is looking in for currently What are Opportunity Zones  Why OZ is a good match with Senior Living   [20:25 - 22:58] Closing Segment  What kind of Senior Living properties Eng likes to focus on Final Words Connect with my guests, Eng, in the links below Tweetable Quotes “Having tax-free income really helps because at some point in your life, you realize, your biggest expense in life is taxes.” - Eng Taing   “Everyone was focused on paycheck and income.” - Eng Taing   “I love the fact that I could focus on my family, I could focus on my career when I needed to, but still put my capital to work, and still earn a passive income.” - Eng Taing  ------------------------------------------------------------------------   Connect to Eng by following his Socials! He has a LinkedIn, Instagram, Facebook, and TikTok (@engtaingofficial) accounts    Email him at eng@touzicapital.com and check out his website www.touzicapital.com WANT TO LEARN MORE?   Connect with me through LinkedIn   Or send me an email sujata@luxe-cap.com    Visit my website www.luxe-cap.com or my Youtube channel Thanks for tuning in!     If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!

Making the first investment can be a scary decision, but as real estate investor and Touzi Capital CEO, Eng Taing tells us, self-doubt leads to missed opportunities. Eng is the CEO & Founder of Touzi Capital and is an experienced real estate investor with $150M assets under management. He is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One and AT&T. Touzi Capital focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily, industrial, senior living assets and offering investments in Blockchain and Pre IPO stock, among other things. More about Eng: Touzi Capital - touzicapital.com LinkedIn - Eng Taing  FB - Touzi Capital IG - engtaingofficial Click here for the giveaway! One lucky listener will get a chance to have a consulting session with Eng on investments, real estate, and pursuing financial freedom.

There are a lot of different asset classes available for real estate investors, but there is one asset class that has yet to be tapped fully. That asset is senior living. In this episode, Moneeka Sawyer talks to the founder and CEO of Touzi Capital, Eng Taing and they discuss senior living. Eng also talks about how to keep more of your earnings using the tax code. Listen in and learn more on senior living assets in this episode.Love the show? Subscribe, rate, review, and share!Here's How »Join the Real Estate Investing for Women Community today:https://blissfulinvestor.com/LinkedInTwitterFacebookInstagram

In this episode, Eng Taing, CEO and Founder of Touzi Capital, shares his life story of being born in a refugee camp in Thailand, where his family escaped the Khmer Rogue from Cambodia. He talks about growing up in Los Angeles as an Asia-American, working with giant tech companies and deciding to start his own investment company in the middle of a pandemic. CONNECT WITH ENG TAING LinkedIn: https://www.linkedin.com/in/eng-taing-28206111/ Touzi Capital: https://www.touzicapital.com/ Facebook: https://www.facebook.com/people/Touzi-Capital/100063981911740/ Thank you for joining me on this MIRROR TALK podcast journey. Kindly stay connected by subscribing or following on any platform. Please do not forget to leave a review and rating. Let us connect on Instagram: https://www.instagram.com/mirrortalk.podcast/ More inspiring episodes and show notes here: https://mirrortalkpodcast.com/ I love you, I see you, I appreciate you. SPONSORED BY KITCASTER Dear friend, you can grow your personal and business brand by creating a strong network through podcasting. Create real human connections, have the ability to share your story and interesting point of view. To get started, you can make use of the special offer for friends of this podcast on https://kitcaster.com/mirror ABOUT ENG TAING Eng is an experienced private fund manager with $100M assets under management. He has 12 years of the private market and real estate investing experience and has focused on cash flow investing to create significant passive income. Eng is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One and AT&T. He applies that experience when identifying and underwriting investment opportunities and markets. Eng is the classic immigrant story that can only happen in America. He was born in a refugee camp in Thailand, where his family escaped the Khmer Rogue from Cambodia. Having grown up in Los Angeles, he pursued economics by day trading and playing Poker to pay for his tuition while attending the University of Pennsylvania. There he trained as an economist and afterwards went into Investment banking. Later he would leave the financial world to join the Peace Corps, volunteering in the Republic of Georgia--a year after the Russian invasion. There he met his wife--Jennie, who was also volunteering abroad. They now have one son, with another on the way.

A discussion about learning to distinguish business deals from your desires and how to deal with occupancy problems in the current market with Eng Taing and Claudia Becerril Clas.Follow us on Instagram, Facebook, and TwitterFor more educational content, visit our website at www.diaryofanapartmentinvestor.comInterested in investing with Four Oaks Capital?  First step is to schedule a call with us. ----Eng TaingEng the CEO & Founder of Touzi Capital (pronounced Toe-Zee) and is an experienced real estate investor with $150M assets under management. Eng is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One and AT&T. He's the classic immigrant story, born in a refugee camp in Thailand escaping the Khmer Rouge and finding success in data & math in America. Eng focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily apartment buildings, senior living communities, & bitcoin mining operations.Visit his website https://www.touzicapital.com/----Claudia Becerril ClasI am an army veteran after serving in the Army for seven years. I am currently in Germany where my husband is stationed before retiring from the Army. My focus while in Germany is long distance real estate investing in our home of record which is Illinois. My background is in the medical field and I started learning about real estate about a year ago while stationed with my husband at Ft Bliss. I have read books, watched youtube videos, listened to podcasts and joined multiple real estate virtual meetings since learning the benefits of real estate. We have one SFH in Chicago IL that is currently rented out and we would like to add more doors to our portfolio. I took a six week real estate course in Dec 2020 and since then have been actively looking for a small multifamily property. I was under contract for a two unit property that did not work out followed by a three unit property that we walked away from and most recently were under contract for a 6 unit property that did not work out. I am now back to the drawing board and grateful for the learning experience I have had thus far. Connect with her on LinkedIn https://www.linkedin.com/in/claudiabecerrilclas/Or email her clascapitalinvesting@gmail.com----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital.  He and his team currently have 629 units worth $36 million in assets under management and are continuing to grow.  He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com  or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.Connect with him on LinkedIn or Facebook.vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv> Check out our multifamily investing community!> The Tribe of Titans> Get exclusive access to the Four Oaks Team!> Find it at https://www.thetribeoftitans.info^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

Eng is the CEO & Founder of Touzi Capital and is an experienced real estate investor with $150M assets under management. Eng is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One, and AT&T. Touzi Capital focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily, industrial, and senior living assets. He has also started Teracel, a company that mines bitcoin and offers pre IPO stocks to his investors as well.>>>Interested in partnering with us on future opportunities? Connect with us at CanovoCapital.comWE DISCUSS:The parallelism of his corporate career with the real estate business.His motivation and realization out of his first real estate deal.How he transitioned from residential to larger commercial real estate asset.His experience as a passive investor.The mindset that he looks for when finding people he gets to do business with.The challenges that he faces in looking at multiple asset types to be able to bring to his investors.The importance of giving options to his investors.His biggest mistake.His biggest win.His best advice for someone just starting.KEY QUOTE:"I started to focus on commercial real estate when I started valuing my time more and seeing the economies of scale."" I love teaching and love helping people on their journey to financial freedom"CONNECT WITH OUR GUEST:https://www.touzicapital.com/CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE

Eng is the CEO & Founder of Touzi Capital (pronounced Toe-Zee) and he is an experienced real estate investor with $100M assets under management. He's an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One and AT&T. He's the classic immigrant story, born in a refugee camp in Thailand escaping the Khmer Rouge and finding success in data & math in America. Eng focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily, senior living facilities, & bitcoin mining operations. (00:02 - 2:00) Opening Segment - Introduction of the host into the show - Alpesh introduces the guest of the show, Eng - Eng shares something interesting about himself (2:00 - 25:00 ) Finding financial freedom at 35 - Why did you retire from Apple? - Did you have a number in mind? Like a number of properties or certain income per month, that you were thinking about when retiring? - When and why did you start with real estate? - Can you take us to the process that you went through to reach the point of retiring? Did you put a plan together or did you have a process in mind? - What mistakes did you make through this journey? - What is your best real estate investment so far? - Did you have worst real estate deal? -What are you currently investing in and why? -What do you mean by Bitcoin mining? -What do you think about at this point on stock market, real estate and cryptocurrencies are they either all of them near or in an all-time high (24:04 - 24:29) Break - Welcoming listeners and guest back to the show (24:29 - 30:18) Fire Round - Will Eng change the business strategy after Coronavirus? – Eng's favorite real estate, finance, or other related books – Tools or website Eng recommends – Eng's advice to beginner investors – How does Eng give back? – How can Wealth Matters Podcast listeners reach out to Eng? (30:18 - 30:42) Closing Segment If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs

Welcome back to the Passive Wealth Strategies show. Today we meet our guest Eng Taing as he gives a new perspective on taxes.    Eng Taing is the CEO & Founder of Touzi Capital and is an experienced real estate investor with $150M assets under management.  Eng is an economist by training, from the Wharton School of Business.  He also has experience leading data science and analytics at Apple, Capital One and AT&T. He's the classic immigrant story, born in a refugee camp in Thailand escaping the Khmer Rouge and finding success in data & math in America. Eng focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily, senior living facilities, & bitcoin mining operations.    [00:01 - 08:09] Opening Segment   Eng gives an introduction about himselfEng shares his life background How Eng started in real estate investing and Touzi Capital   [08:10 - 22:01] How to Invest and Increase Tax Advantages   Passive Income and Tax Advantages Eng talks about taxes, tax laws and tax codes Why depreciation is a tax deferral strategy Dealing with the Opportunity Zones Eng shares how he faces tax liabilities If it's not selling, lose it   [22:02 - 28:57] Closing Segment   Quick break for our sponsors What is the best investment you've ever made other than your education?Rehabbed and refinanced triplex in Los Angeles Eng's worst investmentFifth apartment building due to bad tenants What is the most important lesson that you've learned in business and investing?“Partnerships are fundamentally the most critical part of doing any business.” Connect with my guest. See the links below.   Tweetable Quotes: “I can talk about all the tax strategies and at the end of the day, it should first be a good investment.  Just because it is an opportunity zone, it doesn't mean I'm just going to do it.” - Eng Taing “One thing I love about real estate is that you control the time.” - Eng Taing “That tiny bit of financial freedom makes you bolder; gives you a more abundant mindset.”  - Eng Taing ------------ Connect with Eng through eng@touzicapital.com, Linkedin, Instagram, Facebook, and TikTok Visit his website:  www.touzicapital.com    LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

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

In today's show, Pancham interviews Eng Taing - CEO and Founder of Touzi Capital. Born in a refugee camp in Thailand, escaping the Khmer Rouge in Cambodia, and working with a high salary, and finally finding financial success in Los Angeles, Eng will look back on his eventful adventures and how it helped him to be a real estate investor that has $100m assets under management! In this episode, he'll share how his background developed his sense of being thrifty. You'll also learn how to break out of your golden handcuffs as he shares his story of leaving his high-paying job at Apple and building Touzi Capital to where it is today! Listen and enjoy the show! Quote: "It's an interesting decision because I have lots of potential in myself. I didn't know I could strike a conversation with people in this industry or people like you and learning something every time.” Timestamped Shownotes: 1:00 - Pancham introduces Eng to the show 2:21 - How he found financial freedom in investing 6:06 - His family background and how it helped with his mindset as an investor 9:09 - Why investing out of state is not an hindrance to success 11:41 - Overview of the BRRRR Strategy 12:50 - How he knew the right moment to quit his job (and why it's his best decision yet!) 19:41 - How cold showers and coffee helped him start his day 21:30 - Taking the Leap Round 21:30 - His first investment outside of Wall Street (at the age of 12!) 22:09 - Overcoming his fear of managing his properties 23:21 - Why his multifamily deal didn't go as expected 24:51 - Why rookie investors should start get into investing 26:56 - Eng's contact information 3 Key Points: Real estate is a good investment and it can also be seen as a financial security blanket that they didn't have before. Having investments in a different state may be an obstacle to overcome but it is not a hindrance to achieve success. No matter the amount of effort you'll be putting in your work, you would still earn the same amount of income. Get in Touch: Eng Taing Email - eng@touzicapital.com Touzi Capital Website - https://www.touzicapital.com/ The Gold Collar Investor Banking - https://thegoldcollarinvestor.com/banking/ Pancham Gupta Email - p@thegoldcollarinvestor.com Books: Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert T. Kiyosaki - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194

This week we'll discuss Opportunity Zones with Eng Taing, what they are, and why you should get involved! Eng the CEO & Founder of Touzi Capital (pronounced Toe-Zee) and is an experienced real estate investor with $100M assets under management. Eng is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One and AT&T. He's the classic immigrant story, born in a refugee camp in Thailand escaping the Khmer Rouge and finding success in data & math in America. Eng focuses on high cash flow investments and providing passive income to investors by acquiring and optimizing multifamily, senior living facilities, & bitcoin mining operations.

Eng Taing, Founder of Touzi Capital, was born in a refuge camp in Thailand and now has found financial freedom at age 35 through investing in real estate. He went to Wharton, volunteered in the Peace Corps, and recently left a career as a data scientist to focus on his company. Connect with Eng at […]

Eng is CEO & Founder of Touzi Capital (www.touzicapital.com), an investment company focusing on high cash flow assets in Kansas City. He's the classic immigrant story, born in a refugee camp in Thailand escaping the Khmer Rouge and finding success in data & math in America. A Wharton graduate & economist, former Peace Corps Volunteer, & ex-Apple Data Scientist turned real estate investor with a $65M portfolio finding financial freedom at age 35. Eng also is an advocate for real estate investing tied with tax minimization strategies to build passive cash flow towards financial freedom. To that end, he's also launching an education platform www.financialfreedomdecoded.com where invited members will get a step by step tutorial on how he found financial freedom and build wealth. What You Will Learn: Eng's journey into entrepreneurship and investing Why Eng came out of retirement to start investing The advantages W-2 employees have in real estate investing How to leverage tax strategy to get the most out of your real estate investments Why Eng prefers to co-invest in high cash flow assets for his portfolio Understanding recessions in the real estate market What factors you should be looking at when investing in residential real estate How to contact Eng Taing: Website: www.touzicapital.com LinkedIn: //www.linkedin.com/in/eng-taing-28206111/ //www.linkedin.com/company/touzicapital/ Facebook: //www.facebook.com/Touzi-Capital-104613644660969 Twitter: @engtaing

He was born in a refugee camp in Thailand, where his family escaped to from the Khmer Rouge from Cambodia. Having grown up in Los Angeles, he pursued economics by day trading and playing Poker to pay for his tuition while attending the University of Pennsylvania. There he trained as an economist and afterward went into Investment banking. Later he would leave the financial world to join the Peace Corps, volunteering in the Republic of Georgia, a year after the Russian invasion. Now an experienced real estate investor with 12 years of real estate experience and $65M worth of assets under management, Eng Taing is an economist by training, from the Wharton School of Business. He also has experience leading data science and analytics at Apple, Capital One, and AT&T, and he applies that experience when identifying and underwriting investment opportunities and markets. Eng also teaches employees at companies like Apple, Facebook, & Amazon how to minimize their tax burden and keep and invest more of their earnings so that they can achieve financial freedom. You can connect with Eng on LinkedIn, or visit TouziCapital.com. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app

Today's guest has such an incredible story, quite literally coming from nothing to achieve financial freedom through real estate investing at just 35 years old! Eng Taing is the CEO and founder of Touzi Capital, an investment company focusing on high cashflow assets in Kansas City. He is the classic immigrant-slash-American dream story, who was born in a refugee camp in Thailand, escaped The Khmer Rouge, and found success in data and math in America. Eng is a working graduate economist, former Peace Corps volunteer, and ex-Apple data scientist turned real estate investor, with a $65 million portfolio.Our Gracious Sponsor: Never let money be a barrier to closing deals. Learn the secrets to attracting passive investors at the Virtual Raising Money Summit. https://whitney.raisingmoneysummit.com/