Podcasts about underwrite

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TODAY'S DAILY SPONSOR: The cost of today’s episode is financially supported by Lindsay, a Morning Mindset listener who says the Morning Mindset gets my day started off right before I get to the gym. Life gets busy and it reminds me to slow down and start the day of with God first. >>> If you would like to sponsor an episode of the Morning Mindset, you can do so in your name, anonymously, and even in memory of someone. Go to https://MorningMindsetMedia.com/dailysponsor to find out more.  

Send us Fan MailWe just had a billionaire keynote at our Capital Raising Bootcamp here in Dallas at the RSM offices. He has a couple of publicly traded companies and spent 40 years building his portfolio. Here are the notes I wanted to share from what he said on stage.Build a super diverse skill set. You have to be a decathlete to be successful raising capital, building a platform, and scaling something.Underwrite conservatively. If a deal does not make sense and you do not even know why - back away. Say no. Be conservative. Do not load up on too much debt.Do right by investors by not overpromising. Instead of saying this is the best deal in the world - start with the problems. Start with the issues. Say here is what I am going to do and here is why I am confident. That is more transparent, more authentic, and it actually works better.Be passionate and high energy. If you are not passionate about what you are doing why should anyone else care? Tone of voice matters. A billionaire said that. To me that was super interesting because so many people are so focused on the hard parts - IRR, LTV, debt rates - and miss the human side of closing deals.Family offices are medium and long-term focused. In his case he wants cash flow from day one and needs to see a path to a billion dollars. And he thinks about every relationship as a long-term one. He will give the other side a slight win in a tough negotiation because his real win is doing ten deals with that person. He wants to be the first phone call next time they sell a portfolio - not the last. That is the family office mindset. It is a small world. People talk. Word gets around.To access billionaire talks, centimillionaire talks, advanced due diligence strategies, deal structure strategies, and fireside chats search inside the Family Office Club member portal at familyoffices.com.______________________________________________________________________https://familyoffices.com/

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TODAY'S DAILY SPONSOR: The cost of today’s episode is financially supported by David, from Ohio, who listens every morning. >>> If you would like to sponsor an episode of the Morning Mindset, you can do so in your name, anonymously, and even in memory of someone. Go to https://MorningMindsetMedia.com/dailysponsor to find out more.  

In this episode, Dr. Jason Williams shares his extensive experience in real estate, underwriting, and business systems. He discusses his journey, current projects, and insights on market opportunities and challenges, providing valuable lessons for investors and entrepreneurs.   Professional Real Estate Investors - How we can help you: Investor Fuel Mastermind:  Learn more about the Investor Fuel Mastermind, including 100% deal financing, massive discounts from vendors and sponsors you're already using, our world class community of over 150 members, and SO much more here: http://www.investorfuel.com/apply   Investor Machine Marketing Partnership:  Are you looking for consistent, high quality lead generation? Investor Machine is America's #1 lead generation service professional investors. Investor Machine provides true 'white glove' support to help you build the perfect marketing plan, then we'll execute it for you…talking and working together on an ongoing basis to help you hit YOUR goals! Learn more here: http://www.investormachine.com   Coaching with Mike Hambright:  Interested in 1 on 1 coaching with Mike Hambright? Mike coaches entrepreneurs looking to level up, build coaching or service based businesses (Mike runs multiple 7 and 8 figure a year businesses), building a coaching program and more. Learn more here: https://investorfuel.com/coachingwithmike   Attend a Vacation/Mastermind Retreat with Mike Hambright: Interested in joining a "mini-mastermind" with Mike and his private clients on an upcoming "Retreat", either at locations like Cabo San Lucas, Napa, Park City ski trip, Yellowstone, or even at Mike's East Texas "Big H Ranch"? Learn more here: http://www.investorfuel.com/retreat   Property Insurance: Join the largest and most investor friendly property insurance provider in 2 minutes. Free to join, and insure all your flips and rentals within minutes! There is NO easier insurance provider on the planet (turn insurance on or off in 1 minute without talking to anyone!), and there's no 15-30% agent mark up through this platform!  Register here: https://myinvestorinsurance.com/   New Real Estate Investors - How we can work together: Investor Fuel Club (Coaching and Deal Partner Community): Looking to kickstart your real estate investing career? Join our one of a kind Coaching Community, Investor Fuel Club, where you'll get trained by some of the best real estate investors in America, and partner with them on deals! You don't need $ for deals…we'll partner with you and hold your hand along the way! Learn More here: http://www.investorfuel.com/club   —--------------------

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In the game of Monopoly, Joe Pizzuro never wanted the green houses — he went straight for the red hotel. That same instinct took him from skipping single-family real estate entirely to building a $100 million portfolio of more than 5,000 multifamily and self-storage units, raising over $30 million in capital in just six years, during a market cycle that weeded out a lot of the competition. In this episode, Joe breaks down how he pulled in five or six co-GPs to fund his very first deal, why he pivoted into self-storage when rising rates made multifamily debt too expensive to cash flow, and how showing 26 consecutive months of investor distributions without a single miss became the track record that built his credibility. He also shares why doctors have become his go-to investor avatar, how educating investors on self-directed IRAs and 1031 exchanges unlocks capital they didn't realize they had, and the disciplined, conservative underwriting approach he uses to make sure a deal works even if the market gets worse, not better. Whether you're raising your first dollar of capital or scaling toward your next $100 million, Joe's journey from a single multifamily deal to a diversified, vertically integrated portfolio is packed with hard-earned, tactical advice.Five key takeaways:Skip the small deals if you can find the right partners. Joe went straight for larger multifamily acquisitions instead of starting with single-family, comparing it to choosing Monopoly's red hotel over the green houses — and pulling in five or six co-GPs made his very first raise possible.Diversify into cash-flowing assets when the market shifts. When rising rates made multifamily debt too expensive to cash flow, Joe pivoted into self-storage — lower overhead, easier to acquire, less capital required — even though it comes with less equity upside and weaker depreciation benefits than apartments.Build credibility through a track record, not just a pitch. Joe points to 26 consecutive months of investor distributions without a single miss, with payouts steadily increasing, as the proof that speaks louder than any resume.Educate investors to unlock capital they don't know they have. Hosting sessions on self-directed IRAs and 1031 exchanges has turned investors who thought they had no liquidity into active participants in Joe's deals.Underwrite for a worse market, not a better one. Joe's rule is to assume conditions stay flat or get slightly worse when running the numbers — if the deal still works under that scenario, he moves forward, rather than betting on a market recovery to bail him out.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 Mai

In this episode of the Small Axe Podcast, we're diving into one of the most important skills every multifamily investor needs to master: underwriting. Whether you're analyzing your first apartment deal or your hundredth, underwriting is the foundation of making smart investment decisions. But here's the catch—it's both incredibly important and inherently imperfect. A pro forma is only a projection, so the goal isn't perfection. The goal is making the best decisions possible with the information you have. In this episode, I walk you through my underwriting process from start to finish, including: How to create a buy box that saves you time What to look for in a rent roll, T-12, and offering memorandum How I build a realistic pro forma Why taxes and insurance can make or break a deal How financing impacts your underwriting Where to find reliable market data and expense benchmarks Why conservative exit assumptions matter When it's time to make an offer—and when it's time to move on If you want to become a better multifamily investor, this episode will help you analyze deals with more confidence and avoid some of the costly mistakes that trip up new investors. If you're interested in learning more, check out my Buy Buildings, Build Empires course and the Multifamily Deal Blade underwriting tool at: https://stan.store/buybuildings Remember, it only takes a small axe to build a lasting empire.

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TODAY'S DAILY SPONSOR: LISTENER, CATHY: This donation in honor of my son Justin who introduced me to The Morning Mindset. God Bless >> If you would like to sponsor an episode of the Morning Mindset, you can do so in your name, anonymously, and even in memory of someone. Go to https://MorningMindsetMedia.com/dailysponsor to find out more.  

TODAY'S DAILY SPONSOR: Today’s episode is sponsored by listener Glenda, who is celebrating her 70th birthday. She says, “T o God be the Glory! Thank you for the morning mindset. It encourages me in my daily walk with God.” >>> If you would like to sponsor an episode of the Morning Mindset, you can do so in your name, anonymously, and even in memory of someone. Go to https://MorningMindsetMedia.com/dailysponsor to find out more!  

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To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ BECOME A MONTHLY PARTNER: (not tax-deductible) You can find out how to become a monthly partner including how to receive your "thank you" gift - our bonus podcast called "Digging Deeper." Go to: https://mm-partners.supercast.com/  ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Joel 2:28–29 - “And it shall come to pass afterward, that I will pour out my Spirit on all flesh; your sons and your daughters shall prophesy, your old men shall dream dreams, and your young men shall see visions. [29] Even on the male and female servants in those days I will pour out my Spirit. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ ⇒Check out all of Carey's books - for adults and kids, fiction and non-fiction : https://CareyGreen.com/books ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Ezekiel 36:25–27 - I will sprinkle clean water on you, and you shall be clean from all your uncleannesses, and from all your idols I will cleanse you. [26] And I will give you a new heart, and a new spirit I will put within you. And I will remove the heart of stone from your flesh and give you a heart of flesh. [27] And I will put my Spirit within you, and cause you to walk in my statutes and be careful to obey my rules. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

Leo Young is the founder and managing partner of Cornell Communities, a private equity real estate firm revitalizing manufactured housing communities across eight states. He studied finance in college, then moved into sales at Tesla to build the communication skills he knew he was missing, working his way up to top regional salesperson before leaving to pursue real estate full time. After earning his real estate license, working in brokerage, and investing passively in apartments, Leo launched his own firm. Cornell Communities acquires and operates middle market mobile home parks, expanding access to affordable housing while delivering risk managed returns to accredited investors.     Make sure to download our free guide, 7 Questions Every Passive Investor Should Ask, here.     Key Takeaways Stack skills deliberately, since finance, sales, and operations compound over a career Vet the operator harder than the pro forma, because execution drives returns Buy in the middle market where institutions with cheaper capital are not competing Underwrite infrastructure first, since older parks carry hidden CapEx risk Create value through expense discipline and rent normalization, not unit renovations     Topics From Finance to Tesla Sales Leo studied finance but could not hold a presentation or speak in front of a room He joined Tesla to fix that weakness and became the top regional salesperson Why He Left a Dream Job for Real Estate Sales income required constant output and did not build lasting wealth A first passive apartment investment and distribution check convinced him to go all in Manufactured Homes vs. Mobile Homes Manufactured housing is the legal term tied to federal HUD construction standards Roughly 20 million Americans live in these communities, across a wide quality range Buying in the Middle Market Institutions and REITs with cheaper capital absorb the top quality assets Leo targets workable properties where his team can execute a clear value add What He Underwrites First Infrastructure leads: water, sewer lines, and roads on parks 50 to 70 years old Purchase price, location, and regulations follow, then his own team bandwidth How He Vets Sponsors as a Limited Partner Most decks oversell the property and undersell the team He asks for case studies and how the sponsor responds when a deal goes wrong Why the Economics Work Residents own their homes, which lowers the operating expense ratio and lifts NOI Heavy land improvement creates more depreciable value in a cost segregation study Lot rents sit at the low end of the housing market, so demand stays strong The Two Main Value Levers Expenses: rebuild vendor contracts and move home and utility costs to residents Rent: normalize lot rents toward market while keeping the value proposition intact Site improvements like roads, fencing, signage, and lighting support resident relations Why Homes Rarely Move Relocating a home can cost $7,000 to $10,000 and risks damage in transit Most residents sell in place and cash in the equity they built Community and Retention Turnover runs near 5%, compared with roughly 50% in apartments Private yards and driveways make the setting closer to a subdivision than a building    

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 2 Peter 1:19–21 - And we have the prophetic word more fully confirmed, to which you will do well to pay attention as to a lamp shining in a dark place, until the day dawns and the morning star rises in your hearts, [20] knowing this first of all, that no prophecy of Scripture comes from someone’s own interpretation. [21] For no prophecy was ever produced by the will of man, but men spoke from God as they were carried along by the Holy Spirit. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource) ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 1 Samuel 16:13 - Then Samuel took the horn of oil and anointed him in the midst of his brothers. And the Spirit of the LORD rushed upon David from that day forward. And Samuel rose up and went to Ramah. (ESV) John 14:15–17 - “If you love me, you will keep my commandments. [16] And I will ask the Father, and he will give you another Helper, to be with you forever, [17] even the Spirit of truth, whom the world cannot receive, because it neither sees him nor knows him. You know him, for he dwells with you and will be in you. (ESV)  ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ TELL SOMEONE ABOUT THE MORNING MINDSET - Your personal recommendation can make an eternal difference in the lives of the people you know! STEP ONE: Go to http://YourMorningMindset.com  STEP TWO: Share that page with someone you know! ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Numbers 11:24–25 - So Moses went out and told the people the words of the LORD. And he gathered seventy men of the elders of the people and placed them around the tent. [25] Then the LORD came down in the cloud and spoke to him, and took some of the Spirit that was on him and put it on the seventy elders. And as soon as the Spirit rested on them, they prophesied. But they did not continue doing it. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ FOREIGN LANGUAGE VERSIONS OF THIS PODCAST: Subscribe to the SPANISH version: https://MorningMindsetMedia.com/Spanish Subscribe to the CHINESE version: https://MorningMindsetMedia.com/Chinese ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ Get a copy of the MM Companion Journal: https://MorningMindsetMedia.com/journal ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: Genesis 1:1–2 - In the beginning, God created the heavens and the earth. [2] The earth was without form and void, and darkness was over the face of the deep. And the Spirit of God was hovering over the face of the waters. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ Join the MMM Prayer Team: https://MorningMindsetMedia.com/PrayerTeam ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: 2 Corinthians 13:14 - The grace of the Lord Jesus Christ and the love of God and the fellowship of the Holy Spirit be with you all. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com   

To become a follower of Jesus, visit: https://MorningMindsetMedia.com/MeetJesus  (NOT a Morning Mindset resource)   ⇒ BECOME A MONTHLY PARTNER: (not tax-deductible) You can find out how to become a monthly partner including how to receive your "thank you" gift - our bonus podcast called "Digging Deeper." Go to: https://mm-partners.supercast.com/  ➖➖➖➖➖➖➖➖➖➖ TODAY'S SCRIPTURE: John 6:53–63 - So Jesus said to them, “Truly, truly, I say to you, unless you eat the flesh of the Son of Man and drink his blood, you have no life in you. [54] Whoever feeds on my flesh and drinks my blood has eternal life, and I will raise him up on the last day. [55] For my flesh is true food, and my blood is true drink. [56] Whoever feeds on my flesh and drinks my blood abides in me, and I in him. [57] As the living Father sent me, and I live because of the Father, so whoever feeds on me, he also will live because of me. [58] This is the bread that came down from heaven, not like the bread the fathers ate, and died. Whoever feeds on this bread will live forever.” [59] Jesus said these things in the synagogue, as he taught at Capernaum. [60] When many of his disciples heard it, they said, “This is a hard saying; who can listen to it?” [61] But Jesus, knowing in himself that his disciples were grumbling about this, said to them, “Do you take offense at this? [62] Then what if you were to see the Son of Man ascending to where he was before? [63] It is the Spirit who gives life; the flesh is no help at all. The words that I have spoken to you are spirit and life. (ESV) ➖➖➖➖➖➖➖➖➖➖ FINANCIALLY SUPPORT THE MORNING MINDSET: (not tax-deductible) -- Become a monthly partner: https://mm-gfk-partners.supercast.com/ -- Underwrite one daily episode: https://MorningMindsetMedia.com/daily-sponsor/ -- Give one-time: https://give.cornerstone.cc/careygreen -- Venmo: @CareyNGreen ➖➖➖➖➖➖➖➖➖➖ CONTACT: Carey@careygreen.com