Podcasts about verivest

#51: In this episode, we dive deep into the world of real estate funds with a special guest from Verivest, Matt Burk. Discover what sets Verivest apart and how they support real estate managers and investors. We explore the critical differences between Reg A, and Reg D, offerings, breaking down what each means for fundraisers. Learn the true cost of setting up and running a real estate fund and gain expert advice on raising capital successfully. Matt  shares invaluable insights into the mindset and habits that drive success in fund management. We discuss the key challenges real estate managers face, the role of technology in shaping the future of fund administration, and what makes a fund thrive in today's market. Plus, get personal with stories of resilience, early business struggles, and the books and podcasts that have left a lasting impact.Whether you're a seasoned investor or starting your first fund, this episode offers strategies and inspiration to guide you on your journey. Tune in to connect with the experts and take your real estate game to the next level.

Daris Cassidy, CEO of FunSom and Principal at VeraVest and Fairway America, highlights real estate market challenges, the shift to income-producing assets, the importance of experienced managers, and understanding investment financials. Daris Cassidy | Real Estate Background FundSomm, Verivest, and Fairway America Based in: Portland, OR Portfolio: $1.2B Portfolio Gross Asset Value Portfolio Say hi to him at: LinkedIn www.fundsomm.com Sponsors: SyndicationAttorneys Apartments.com Ascent Equity Group

Founder and CEO of Fairway America and Verivest. Seasoned real estate executive, Chief Investment Officer, and fund manager who started and managed eleven (11) real estate asset based Reg D pooled investment funds over more than 30 years. Discretionary underwriter/approval authority of thousands of real estate asset based investments with total asset value in the billions, including pooled investment funds, real estate secured loans, syndications, participations, GP and LP equity interests, and more.. Matt Burk is a real estate investor who has a great story to share and words of wisdom to impart for both beginning and veteran investors alike, so grab your pen and paper, buckle up and enjoy the ride. Want to get in contact with Matt Burk? Reach out at https://fairwayamerica.com/.Want to become financially free through commercial real estate? Check out our eBook to learn how to jump start a cash flowing real estate portfolio here https://www.therealestateinvestingclub.com/real-estate-wealth-book  Enjoy the show? Subscribe to the channel for all our upcoming real estate investor interviews and episodes.  ************************************************************************  GET INVOLVED, CONNECTED & GROW YOUR REAL ESTATE BUSINESS  LEARN -- Want to learn the ins and outs of real estate investing? Check out our book at https://www.therealestateinvestingclub.com/real-estate-wealth-book  PARTNER -- Want to partner on a deal or connect in person? Email the host Gabe Petersen at gabe@therealestateinvestingclub.com or reach out on LinkedIn at https://www.linkedin.com/in/gabe-petersen/  WATCH -- Want to watch our YouTube channel? Click here: https://bit.ly/theREIshow  ************************************************************************   ABOUT THE REAL ESTATE INVESTING CLUB SHOW   Hear from successful real estate investors across every asset class on how they got started investing in real estate and then grew from their first deal to a portfolio of cash-flowing properties. We interview real estate pros from every asset class and learn what strategies they used to create generational wealth for themselves and their families. The REI Club is an interview-based real estate show that will teach you the fastest ways to start and grow your real estate investing career in today's market - from multifamily, to self-storage, to mobile home parks, to mix-use industrial, you'll hear it all! Join us as we delve into our guests career peaks and valleys and the best advice, greatest stories, and favorite tips they learned along the way. Want to create wealth for yourself using the vehicle of real estate? Getting mentorship is the fastest way to success. Get an REI mentor and check out our REI course at https://www.therealestateinvestingclub.com.  #realestateinvesting #passiveincome #realestateInterested in becoming a passive investor in one of our projects? Kaizen Properties, is looking for passive investors for our upcoming deals. We invest in what are known as “recession resistant assets”: self storage, MH & RV parks, and industrial properties. If you are interested, go to the website and click on the “Invest with Us” button at the bottom of the page.Support the show

Hey, welcome to another episode of Making Billions, I'm your host, Ryan Miller and today I have my dear friend Matt Burk. Matt is the chairman of Verivest and founder and CEO of Fairway America, with 1 billion AUM he knows how to launch funds, raise capital, and build a wildly successful real estate fund. So what this means is Matt understands real estate investing, raising capital and how to launch a fund and he's about to teach you and I, how to do the same. Subscribe on YouTube:https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQConnect with Ryan Miller:Linkedin: https://www.linkedin.com/in/rcmiller1/Instagram: https://www.instagram.com/makingbillionspodcast/Twitter: https://twitter.com/_MakingBillonsWebsite: https://making-billions.com/[THE GUEST]: Matt is the chairman of Verivest and founder and CEO of Fairway America, with 1 billion AUM he knows how to launch funds, raise capital, and build a wildly successful real estate fund.Support the showDISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient's state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

This episode dives into the complexities and advantages of different real estate investment funds with Matthew Burk, Founder & CEO of Fairway America and Verivest.The Crexi Podcast explores various aspects of the commercial real estate industry in conversation with some of the top CRE professionals in the space. In each episode, we feature different guests to tap into their wealth of CRE expertise and explore the latest trends and updates from the world of commercial real estate. In this episode, Crexi's Yannis Papadakis sits with Matt to discuss his background across dozens of real estate investment vehicles, such as syndications and Reg D pooled investment funds, the pros and cons of different options, and the current state of the CRE investment market.  Their wide-ranging conversation includes:Introductions, early career path, and key mentorsDeveloping the skills to transition to different acquisition types, fund types, and investment markets Key mentors and lessons learned from personal relationships and through podcasts, books, and educationThe basics of pooled investment funds, the necessities required to get started, and understanding the pros and cons.The importance of aligning investment theses and assembling the right team for a particular fund.Immediate red flags to watch out for in potential CRE investment fundsA 360-overview of the state of the commercial real estate marketThoughts on the CRE debt market and lender sentiment amid rising ratesAreas of hidden opportunity and interesting strategies observedRapid fire questions and sign-offsAnd much more!If you enjoyed this episode, please subscribe to our newsletter to receive the very next one delivered straight to your inbox. For show notes, past guests, and more CRE content, please check out Crexi Insights.Ready to find your next CRE property? Visit Crexi and immediately browse hundreds of thousands of available commercial properties.Follow Crexi:https://www.crexi.com/​ https://www.crexi.com/instagram​ https://www.crexi.com/facebook​ https://www.crexi.com/twitter​ https://www.crexi.com/linkedin​ https://www.youtube.com/crexiAbout Matthew Burk:Matt Burk is a seasoned real estate executive, Chief Investment Officer, and fund manager who started and managed eleven (11) real estate asset-based Reg D pooled investment funds over 30+ years. He's also worked as a discretionary underwriter/approval authority of thousands of real estate asset-based investments with a total asset value in the billions, including pooled investment funds, real estate secured loans, syndications, participations, GP and LP equity interests, and more. As a real estate asset-based 506 Regulation D pooled investment fund expert, Matt has played lead roles in advising on the architecture and creation of hundreds of discretionary pooled funds for hundreds of sponsors, private lenders, and managers across multiple real estate strategies and asset types including debt, equity, GP co-invest, multifamily, office, industrial, retail, self-storage, hospitality, residential, construction, value-add, mortgage pools, distressed debt acquisition, tax lien certificates, single-family rental fix-n-flip, B2R, and more. Matt is also the author of "Capital Attraction: The Small Balance Real Estate Entrepreneur's Essential Guide to Raising Capital" and the host of "Fundamentals with Matt Burk" 

Join co-hosts Jim Maffuccio and Ben Fraser, along with special guest Matt Burk, Founder and CEO of Fairway America and Verivest. We're thrilled to have Matt on the show, a seasoned real estate executive, Chief Investment Officer, and fund manager with over 22 years of experience. Matt has managed 11 different real estate funds throughout his career. In this episode, we delve into Matt's background in the industry and explore the fascinating evolution of the real estate syndication space. Matt shares valuable insights gained over the past two decades, offering our listeners a unique perspective on real estate investing. Connect with Matt Burk on LinkedIn https://www.linkedin.com/in/mwb/ Connect with Jim Maffuccio on LinkedIn https://www.linkedin.com/in/james-maffuccio-77440813/ Connect with Ben Fraser on LinkedIn ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/benwfraser/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠   Invest Like a Billionaire podcast is sponsored by Aspen Funds which focuses on macro-driven alternative investments for accredited investors. Get started and download your free economic report today at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://aspenfunds.us/report⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Join the Investor Club to get early access to exclusive deals. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.aspenfunds.us/investorclub⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  Subscribe on your favorite podcast app, so you never miss an episode. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.thebillionairepodcast.com/subscribe

Today's guest is Matt Burk.   Matt is the Founder, CEO and Chairman of Fairway America and Verivest. He has spent 30 years acquiring, managing and selling syndication and fund products. Join Sam and Matt in today's episode. -------------------------------------------------------------- Intro [00:00:00] Matt Burke's background and experience [00:00:40] Opportunity and catalyst for Fairway America and VeryVest [00:03:18] The challenges of raising capital for a fund [00:10:26] The learning curve for first-time fund managers [00:12:24] The difficulty of raising capital in the current market [00:18:05] -------------------------------------------------------------- Connect with Matt: Linkedin: https://www.linkedin.com/in/mwb/ Web: fairwayamerica.com  Verivest: verivest.com Ebook: https://fairwayamerica.com/access-our-top-5-considerations-in-private-real-estate/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Matt Burk (00:00:00) - So a lot of the things that we do are speaking from our own experience. Right? And, you know, but people, it costs money to raise money. Yeah. And there's all kinds of things that you can spend money on to try to go raise it, many of which don't work. Or let's say they might work for certain people, but they're not suitable for certain types of funds, certain sizes of funds, etcetera. And people don't really understand that until after they've spent the money and figured it out the hard way. Welcome to the How to Scale Commercial Real Estate show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.   Sam Wilson (00:00:40) - Matt Burke is the founder and CEO of Fairway America. And very fast. He has 30 years of acquiring, managing and selling syndication and fun products. Matt, welcome to the show.   Matt Burk (00:00:51) - Exam. Happy to be here?   Sam Wilson (00:00:52) - Absolutely. Matt. The pleasure is mine. There are three questions I ask every guest who comes to the show in 90s or less.   Sam Wilson (00:00:58) - Can you tell me where did you start? Where are you now and how did you get there?   Matt Burk (00:01:02) - 90s or less. So I started in California, went to started through real estate finance, started my own company in my late 20s. Been running it for 30 years. Done a lot of deals. Real estate loans, real estate acquisitions, run a bunch of funds. Now we help people set up funds, we do fund administration and we invest in alongside real estate entrepreneurs all over the country.   Sam Wilson (00:01:28) - Wow. That's a lot. That's a lot of experience. What what were the kind of reasons for the different iterations of what you've done over the last 30 years?   Matt Burk (00:01:40) - Well, you know, well, I think it's a combination of setting goals and targets and knowing where you want to go. And then, you know, I think I've read that the definition of mean luck is what happens when preparedness meets opportunity, right? So, you know, I'd say I've tried to always be prepared and then respond to opportunities and hasn't always been, you know, tried a lot of things.   Matt Burk (00:02:03) - Some of them have worked great, some of them haven't worked so well. But hopefully you learn from your mistakes and, you know, you keep you keep moving. I think Great Recession had a big impact. You know, losing a company early 90s company shutting down that I work for, you know, had a big impact and forced me to. That's what precipitated me launching the company. Right. So, you know, macroeconomic events certainly impact directions that you that you take. But, you know, all in all, it's been a it's been a pretty remarkable journey. And as they there's the cliche goes time goes by pretty fast.   Sam Wilson (00:02:38) - That that it does I was reading through I didn't actually finish it yet but I picked it up there at the best ever conference this year your your book capital attraction you wrote that what, maybe eight, ten years ago.   Matt Burk (00:02:51) - 2016.   Sam Wilson (00:02:52) - Well, okay. So even earlier than that, so 7 or 7 years ago. And just some fascinating stories you had in there.   Sam Wilson (00:02:58) - I mean, you've done a lot of different things inside of the real estate space fund space. It I'd love I'd love to. If we had more time, I would get into the really nitty gritty on that. But why is it that you are doing what you're doing now? What was the opportunity you saw both with Fairway America and with very vast.   Matt Burk (00:03:18) - Yeah, I think a lot of it came out of the Great Recession. I mean, we were private money, private money lenders for many years up through and to the Great Recession and certainly still do loans today since then. But in 2011, we we had a large credit facility with Wells Fargo Capital Finance on our fund. And they did not renew and they forced us to have to wind that fund down. Well, that experience of having to go to all your investors and tell them that they're kind of stuck in a fund that you now have to wind down was I'd say that was the biggest catalyst toward the things that we do today, right? So I did successfully wind that fund down.   Matt Burk (00:03:59) - It was a painful experience. You know, my investors got their money back, but it took a while. But, you know, I think we earned a great deal of respect from those investors on, you know, because it's not when things are going wonderfully that defines people's character. It's when, you know, things are tough that people see, you know, who the real what they really got with other people. And so that that certainly defined us. But coming out of that, Sam, we had to wind down the fund. We we well, you know, we shrunk the company and I kind of fundamentally reevaluated our business model. And at the time, I had a number of people come to me asking about saying, Hey, I think I'm setting up I'm thinking about setting up a fund. Now, I know you've set them up and you've now wound them down. Like, what do you think of this and what do you think of that and what do you think of the other thing? And realize, Sam, that there's a lot of people who are doing deals one asset at a time, who have thought about the idea of setting up a fund, but who really don't understand what they're getting themselves into.   Matt Burk (00:04:59) - Right. And they have to and and historically and even today, it's still very true. The only real place that they know to go is a lawyer and they go to securities lawyers who you know and look, you need a lawyer and lawyers and a integral part of it. But a lawyer is only one spoke in a wheel right. That you need that spoke in order for the wheel to run. True. But it's not the center of the wheel. It doesn't it comes at it from one angle. So as a result, I find that that managers setting up funds expect things from lawyers that they can't really deliver. And lawyers expect managers to know things that they just don't know. So there was a real opportunity in the marketplace to help people set up their own fund, do it properly from the beginning. And that was kind of the catalyst. We started doing that in 2013. Since that time, we've set up several hundred funds for managers all over the country with all different real estate types, you know, from run and loan pool funds to buy in properties to rehab and to buying discounted notes, tax lien certificates, you name it.   Matt Burk (00:06:04) - We've set up a fund for it. And you know, that gave rise then to our fund administration business and all of that. Sam to make a long story short, if it's not already too late, um, the idea was that through that process, Fairway would find people that we would come to know who we could then invest in and alongside, you know, the vehicles that they created. So that's kind of the model that we've created over the years. We've tried a lot of different things even since then. And again, but but foundationally, that's that's kind of what we do today. And, you know, the Great Recession was a big part of why that happened.   Sam Wilson (00:06:41) - Interesting. Tell me, I guess, what do you see? You know, and I'm sure we could actually remember some of these from your book, but what are what are just for the purposes of the show, what are some of the things that people are commonly getting wrong over and over again that you guys are helping them avoid?   Matt Burk (00:06:59) - Oh, man.   Matt Burk (00:07:00) - I mean, there's too many to count, really, Sam But I think they set up the wrong structure. They don't understand the structure that they set up. So they really don't understand the vehicle that they're actually trying to sell to investors. They somehow think that that by setting up a fund, the capital is going to magically show up. You know, they think that they're going to be able to go find other people to raise the money for them because they don't really want to do it themselves. They'll spend a lot of money on a lot of different things that mostly don't work. So I see people waste a huge amount of money on panaceas that they that they try to get to, to launch the fund to raise the capital that ultimately aren't as good as they are hoping them to be. So there's any number of common and repetitive, I'd say mistakes or misconceptions, I'll call them that people have that, you know, that we try to help them avoid.   Sam Wilson (00:08:02) - Got it. When you say when you say they're spending money on things that don't work, is that in do you mean that in relation to once the fund is launched, then in the way they market it, does that mean in the way that they even structure the fund? What do you mean by that?   Matt Burk (00:08:16) - All of the above.   Matt Burk (00:08:17) - So I've seen people spend, you know, tens of thousands and in some cases hundreds of thousands of dollars, you know, in legal fees, launching or creating vehicles that never get off the ground, that they never raise a single penny. But they spent a lot of money trying to set it up. And partly it's they don't set it up. Right. Or they have they have misguided perceptions around what what it's going to do for them if they do it. So, you know, we're we're we try to be extremely straightforward with people and say straightforward is a good adjective to describe me, Sam, And sometimes perhaps to my detriment. Right? Because I'll tell people, if I don't think that you should be setting up a fund, I would say save your money, Right? That's not for everybody. Absolutely. And then once they launch the fund, I've seen people spend all kinds of money on various things to attempt to raise capital that that really, you know, and look and some of those things, Sam, I've spent the money on to try to raise capital and wasted plenty of money.   Matt Burk (00:09:25) - I mean, so a lot of the things that we do are speaking from our own experience, right? And you know, but people, it costs money to raise money. Yeah. And there's all kinds of things that you can spend money on to try to go raise it, many of which don't work. Or let's say they might work for certain people, but they're not suitable for certain types of funds, certain sizes of funds, etcetera. And people don't really understand that until after they've spent the money and figured it out the hard way.   Sam Wilson (00:09:53) - I would venture to say, and I'll see see if you agree or disagree with this, but that if if it's like like the word you use, there's a panacea. If it seems like it's a panacea to whatever your problem is when raising money, it probably isn't. Is that a problem?   Matt Burk (00:10:07) - That's a pretty good rule of thumb.   Sam Wilson (00:10:10) - Yeah, absolutely. Because there's enough gimmicks and there's enough, you know, hey, done for you X, Y, and Z out there that promises the moon and man, I've just never seen any of that outside of just really hard work in raising capital.   Sam Wilson (00:10:24) - I mean, raising capital is work. Absolutely.   Matt Burk (00:10:26) - It's very Yes. And I think like some people think that they if they set up a fund that somehow the capital is just going to show up and it's going to be there, I'm like, no, it's harder to raise money in a fund than it is one deal at a time, because at least on the individual deal, the investor knows what deal they're putting their money into. Right. In a fund. And there there are funds out now, you know, customizable funds where they're and they're really not a fund but it functions like a fund for the investor but it still preserves their ability to pick and choose one at a time. It doesn't necessarily solve the manager's problem of having capital readily available to it. Right. But there's I don't know, there's there's just a lot of, um, I'd say my experience, Sam, is that every person who raises money from investors to acquire real estate based assets of some type, whether it's the property directly or making a loan or buying discounted notes or, you know, fixing and flipping houses or whatever it is.   Matt Burk (00:11:24) - If it requires them to raise capital from other people, right. To do it on a regular basis and build a business around that at one point or another, they've tried, they've thought about how do I do this more efficiently, right? Especially as you scale, the more deals you do, the more work it is, the more people try to find a way to do it more efficiently. Well, a fund is a way to do that in theory. So a lot of people think about setting up a fund and it's kind of sexy. I want to be a fund manager. If I had a fund, I can, you know. So our mission is to really help real estate managers understand what they're getting themselves into, make good decisions along the way, maximize their return on the investment that they make, and have a clear idea of what of what to expect, you know, and then coach them and guide them and help them along the way and provide them with services that enable them to focus on what they do best, which is real estate and and capitalize them, you know, through our vehicles and invest in alongside those managers.   Sam Wilson (00:12:24) - Got it. What are what are some what are some of those manager's problems? You know, I'm thinking about especially the first time, say first time people for their first fund like what are some what are some learning curve things that as they manage a fund that's very different maybe than managing a, you know, one deal at a time syndication.   Matt Burk (00:12:43) - They extrapolate how a single deal works into a fund model and they don't appreciate or understand the difference between how a pooled investment vehicle functions financially versus how a single deal functions financially. So they get terminology mixed up and they and they will they will oftentimes not really grasp until they get into it for a while how the financial information works and inside of a pool. Investment fund. But if you think about it, Sam, it's like it's like a mutual fund, right? It's like if you own a share of a mutual fund, the performance of that fund is based on the collective performance at any given point in time of all of the underlying assets in that fund that then contribute to positively or negatively to the financial outcome of that vehicle.   Matt Burk (00:13:40) - And then you have to run it through the vehicle's performance, you know, and then the vehicle has expenses associated with it. And only then do you have a net return to those investors, positively or negatively. People get that confused all the time.   Sam Wilson (00:13:58) - That that honestly, it's hard for me to understand how how they get that confused. But I could see how the accounting gets more confusing.   Matt Burk (00:14:08) - It's an order of magnitude more difficult, particularly for a lot of real estate people who by and large are not accountants. Right now you will get some people who come from an accounting background who appreciate it more quickly and understand it. But a lot of times, in my experience, the people who set up their real estate people, what they love to do is find property, you know, acquire. It's the asset, it's the acquisition, it's the leasing, it's the execution, it's the construction, right? And then the selling, that's what they love doing, kicking dirt, you know, visiting real estate.   Matt Burk (00:14:46) - ET cetera. But figuring out the difference between accrual accounting and cash accounting and net asset value determination of share price and all of that is generally not there expertise. So that part requires significant learning. And it's I use this analogy all the time, Sam. It's like, you know, you, you cannot you cannot learn physics before, you know, trigonometry and you cannot know trigonometry before you know calculus and you cannot know calculus before you know algebra. You cannot know algebra before you know arithmetic, right? So you cannot just skip straight to trigonometry. You have to go through the progression. Right? And that's very true for fund managers. You know, they need to learn. And the only way to learn really is by by doing we can accelerate that learning. But there's inevitably a learning curve that just takes time for people to to grasp. And some do it faster than others. But but it always requires some amount of time.   Sam Wilson (00:15:49) - Are there any resources you would recommend to expedite that learning process or things that that potential fund managers should be digging into right now? Any books, any any any really.   Matt Burk (00:16:02) - Mean you know, the book I wrote, Capital attraction is is a good, you know, starting point. I wrote a lot of blogs on a lot of these subjects over the years that are available on our resource page. So we have we've produced a lot of material on it. I would say there are other good books out there on capital raising and things like that. Um, I haven't seen a lot of stuff and granted I haven't looked all that much lately. But on this topic specifically for non institutional managers, I think another thing I've noticed over the years is that most of the fund management literature is geared more toward institutional funds and they don't really work the exact. I mean, there's a lot of common themes obviously, and a lot of similarities, but they don't function exactly the same because of the deal sizes are so much smaller, right? And because you're typically the people we work with, their, their, their investor base is high net worth, you know, accredited investors, not California state pension fund.   Matt Burk (00:17:01) - Right. So it's a different beast a little bit. That said, a good one is there's one called the rev inner rev org. And this is a European outfit, but it talks a lot about management, you know, fund management practices. There's a lot of terminology in there about fees and and how things are done and best practices and, you know, managers scoring and all that. Again, it's a European thing, but I found that pretty valuable over the years. It's very institutional, so I'd caution people not to take it, you know, as gospel. But but it is useful to managers to learn.   Sam Wilson (00:17:39) - Absolutely. Absolutely. That's great. Talk to us about raising You've raised an enormous amount of capital over the years. Everything I'm hearing in the market right now and maybe you can speak to this from the Fairway America side, is that it's becoming harder for sponsors to raise capital right now. Is that what your guys experience is? And what are some things maybe you guys are doing differently than maybe what you were doing two years ago?   Matt Burk (00:18:05) - Uh, well, the first part of the yes, no question, it's much more difficult, right? The last year or so, it's gotten progressively more challenging to raise money from high net worth people.   Matt Burk (00:18:15) - With interest rates being up, they have more options to generate, you know, real time return. I'd say it's risk off. By and large, people are nervous. I think people raised a lot of money in the last ten years in private real estate. A lot of those a lot of money's tied up and people can't get it back right now and they're concerned about the performance of those deals. And so they're sitting on their wallets. Right, Right. That said, I think there are the bigger the dollars you get, the more people are looking for opportunities, you know, But they're also pretty picky right now. So family offices, for example, I think you have a lot of money are looking around for. I think people sense that there's going to be some good opportunities coming up but haven't really seen them. To realize all that much just yet. So as a result, we're seeing a lot of inactivity, I think. You know, we we have our deal volume has gone down considerably in the last, you know, six, eight, nine months.   Matt Burk (00:19:11) - You know, But we're also looking we have moved up a little bit into more a family office, you know, type investors, I'd say quasi institutional, not the pension funds and so forth, but but more larger check writers than, you know, then high net worth accredited investors typically. Now, that said, we have a lot of high net worth investors. They do continue to invest, but I'd say more selectively.   Sam Wilson (00:19:35) - Got it. Got it. Very, very interesting. And what's one piece of advice you would give to people raising money right now? One thing you said, hey, you know, this is this is a lesson I learned the hard way and you should learn it sooner than later.   Matt Burk (00:19:49) - Honey, the best advice I. Always give people is be a great underwriter of deals. Right. Be worthy of money. If you know don't don't compromise your standards on on the deals that you put the money into. Treat that money as if it was your own right. And if you do that generally, if you have great deals, you can get the money.   Matt Burk (00:20:10) - Right? If you have marginal deals, it's harder to get the money. Although I've seen plenty of people who are good marketers that can raise money with where the deals weren't that great, you know? So that does happen too. But yeah, I'd say be it be worthy of the money and do great deals and generally you can find the money.   Sam Wilson (00:20:27) - Fantastic. Matt, I've really enjoyed having you on the show today. You've given us a lot to think about here. Learned a ton about you, learned a lot about Fairway America and very vast. I love what you guys bring to the market. It's certainly certainly a need in our space, as I can personally attest, for what you guys do. And I appreciate you coming on today. If our listeners want to get in touch with you and or very fast and learn more about you, what is the best way to do that?   Matt Burk (00:20:50) - Uh, emails you can get me on LinkedIn or email is great. Matt. Matty Dot Birkbeck know at either Fairway America or wherever either will get to me so yeah I appreciate you having me on the show.   Sam Wilson (00:21:06) - Absolutely. Thank you Matt. Have a great rest of your afternoon.   Matt Burk (00:21:09) - You too.   Sam Wilson (00:21:10) - Hey, thanks for listening to the How to Scale Commercial Real Estate podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen. If you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories. So appreciate you listening. Thanks so much and hope to catch you on the next episode.  

In this episode, we are joined by Matt Burke, who is a seasoned real estate executive, Chief Investment Officer, and fund manager with over 30 years of experience. As the Founder and CEO of Fairway America and Verivest, Matt has started and managed eleven real estate asset-based Reg D pooled investment funds, totaling billions in asset value.Drawing from his extensive expertise, Matt shares valuable insights on the architecture and creation of discretionary pooled funds for various real estate strategies and asset types. From debt and equity investments to multifamily, office, retail, and more, Matt's guidance is indispensable for sponsors, private lenders, and managers looking to venture into the world of real estate funds.Don't miss this opportunity to learn from an industry expert as Matt Burke reveals the secrets to successfully raising capital in his book, "Capital Attraction: The Small Balance Real Estate Entrepreneur's Essential Guide to Raising Capital." Tune in to this episode to unlock the knowledge and strategies behind creating a thriving real estate fund.Show Highlights:✅ Who is Matt✅ Journey into real estate✅ Transition to brokerage✅ Interest rates✅ Syndicator Mindset✅ Syndication✅ Book recommendation✅ Contact Matt

The Real Estate Mastermind Live is a live podcast turned radio show created for real estate investors who want to learn directly from top experts in various asset classes. The Real Estate Mastermind Live is hosted by Seth Gershberg and Jay Tenenbaum of Scottsdale Mortgage Investments, along with Edward Brown of Pacific Private Money. Today's guest is Matthew Burk, the Founder, CEO, and Chairman of Fairway America and Verivest. He is a seasoned real estate executive, Chief Investment Officer, and fund manager who has initiated and overseen the management of eleven (11) real estate asset-based Reg D pooled investment funds spanning over 22 years. He holds discretionary underwriter/approval authority over a multitude of real estate asset-based investments, collectively valued in the billions. These investments include pooled investment funds, newly originated and discounted acquisitions of real estate secured loans, syndications, participations, GP and LP equity interests, and more. In this episode, we will delve into the following topics:Structuring and launching real estate asset-based funds.Real estate fund management and administration issues.Real estate private equity entrepreneurship.Transitioning from a syndicator/single asset to a pooled fund.Optimizing manager/sponsor organizational structure.Manager/sponsor due diligence and underwriting.Raising capital for real estate asset-based funds. Register to attend The Real Estate Mastermind Live by registering on our website using the link here: https://scottsdalemortgageinvestments.com/podcastLearn more about Scottsdale Mortgage Investments by visiting the website using the link here: https://scottsdalemortgageinvestments.com/Learn more about Pacific Private Money by visiting the website using the link here: https://www.pacificprivatemoney.com/Are you on LinkedIn? Connect with our co-hosts using the links below. Seth Gershberg - Connect on LinkedIn Jay Tenenbaum - Connect on LinkedIn Edward Brown - Connect on LinkedIn

Starting a fund is not for everybody. It is a different environment from other financial protocols and it requires a high level of specific knowledge that many have not been exposed to. Here to help us better grasp the world of funds is the Founder, CEO, and Chairman of Fairway America and Verivest, Matthew Burk. After establishing what his two companies do and what his role entails, Matt explains why more people are choosing to start funds and what you need to know when thinking about starting a fund of your own. Our guest also explores the common mistakes that new fund-runners make, the fees involved in starting and maintaining a fund, and what tax looks like in funds, as well as what due diligence encompasses. We end with more vital considerations for starting a fund, including the importance of understanding control rights, so make sure not to miss today's episode of the Real Estate Asset Management Podcast!Key Points From This Episode:Matt's professional background, his two companies, and his current role. Why more people are choosing to start funds in recent times. What you need to know before starting a fund. Common mistakes people make when looking to start a fund. A look at some of the fees involved in starting and maintaining a fund. All things tax and audited financial outcomes. Exploring due diligence: what it means and how to go about it!Why it's important to understand control rights, and other vital considerations.Links Mentioned in Today's Episode:Matthew Burk on LinkedInMatthew Burk on TwitterMatthew Burk Fairway EmailMatthew Burk Verivest Email Fairway America VerivestAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn

Matt Burk Ep #787 - Syndication vs. Pooled Investment Fund   Founder, CEO and Chairman of Fairway America and Verivest. Seasoned real estate executive, Chief Investment Officer, and fund manager who started and managed eleven (11) real estate asset based Reg D pooled investment funds over more than 22 years. Discretionary underwriter/approval authority of thousands of real estate asset based investments with total asset value in the billions, including pooled investment funds, real estate secured loans (newly originated and discounted acquisitions), syndications, participations, GP and LP equity interests, and more.   Here's some of the topics we covered:   Different Types of Syndications The Deals You Take Down Determine Your Deal Structure How To Influence an Investor Into Your Fund Passive Investing In Pooled Funds To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email Partner@RodKhleif.com    Please Review and Subscribe  

Matthew Burk is the CEO of two companies: Fairway America, a CRE investment fund manager; and Verivest, a CRE software, advisory, and service provider. In this episode, Matthew tells us the biggest mistakes he sees investors make when setting up a fund, how Verivest is working to automate the fund setup process, and why he plans to focus heavily on asset management in 2023.  Matthew Burk | Real Estate Background CEO of Fairway America, a CRE investment fund manager. CEO of Verivest, a CRE software, advisory, and service provider. Portfolio: $1B in CRE assets across multiple asset classes Based in: Portland, OR Say hi to him at:  fairwayamerica.com verivest.com LinkedIn Best Ever Book: Let's Get Real or Let's Not Play by Randy Illig Greatest Lesson: What you do when no one is looking defines who you are. Join the newsletter for expert tips & investing content.   Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: MFIN CON |Reliant

Matt is founder and CEO of Fairway America and Verivest. He is a seasoned real estate entrepreneur, fund manager, and advisor to hundreds of other real estate managers around the United States. He has started and managed eleven 506 Regulation D pooled investment funds, underwritten and closed billions in real estate transaction volume, and played the lead role in advising and setting up hundreds of other funds for managers around the country. Fairway manages more than $1B in real estate asset value and Verivest administers over $3.25B. He is the author of Capital Attraction, the Small Balance Real Estate Entrepreneur's Essential Guide to Raising Capital.   Get in touch with Matthew: www.verivest.com www.fairwayamerica.com If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/ 

Matthew Burk is the Founder, CEO and Chairman of Fairway America and Verivest.  A seasoned real estate executive, Chief Investment Officer, and fund manager who started and managed eleven real estate asset based Reg D pooled investment funds over more than 30 years.  He authorized discretionary underwriter/approval for thousands of real estate asset based investments [...]

Guest Bio:Matt Burk is the CEO of Fairway America and Chairman of its affiliate, Verivest. Originally founding Fairway Financial Services in 1992, Mr. Burk has led their growth from a small operation to the robust market leaders they are today. He is a passionate industry coach, advising many middle-market real estate entrepreneurs, fund managers, and sponsors on all aspects of 506 Regulation D fund business. Additionally, Mr. Burk authored the seminal book on capital raising for middle-market real estate entrepreneurs, Capital Attraction.Having spent his full professional career in real estate finance, he has expansive exposure to all real estate asset classes, structured finance, distressed debt acquisition, disposition, real estate syndications and pooled investment funds. A former basketball player and lifelong sports fan, Matt received a Bachelor of Science degree in economics from the University of California, Davis.Connect with our Guest:matt.burk@fairwayamerica.com or matt.burk@verivest.comSUPPORT OUR SPONSORS:Canovo Capital - Hassle-Free Commercial Real Estate InvestingDealCheck.io - Analyze Any Investment Property in Seconds ( Use "CANOVO25" for 25% off)SyndicationPro - Investor Portal - Raise More Capital in Less Time FREE RESOURCES:Download Our Passive Investor Guide to Multifamily Syndications CONNECT WITH US!YouTube | Linkedin | Instagram | Website | Facebook | Twitter LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

I interviewed Heather Dreves and we discussed how to do Due Diligence, a 3rd party company called Verivest. She shared information regarding buying notes and what are the important things to know before investing. Curtis's motto is that what you learn today and how you position yourself will determine your future financial well-being 5, 10, 20 years from today. To learn more about how to manage your wealth in a practical way, visit www.practicalwealthadvisors.com  Links and Resources from this Episode www.practicalwealthadvisors.com Email Curtis for a free report - curtmay@gmail.com Call his office - 610-622-3121 Connect with Heather Dreves https://securedinvestmentcorp.com/ https://www.linkedin.com/in/heather-dreves-6204a242  Special Listener Gift Schedule a 15-Minute Call with Curtis Free Ebook Financial Planning Has Failed Show Notes Who is Heather Dreves? The different types of clients Heather is usually working with What the four asset classes are Using self-directed IRAs to grow accounts tax deferred Understanding who your borrower is The reason for giving foreclosure notices What the process of buying notes to foreclosures work The downsides of buying notes Is the fund more of a appreciation or cash flow back into the IRA The two funds available for their company Purpose of doing compliance with operators handling your money Educating clients who want to start investing in real estate How to reach out to Heather Review, Subscribe and Share If you like what you hear please leave a review by clicking here Make sure you're subscribed to the podcast so you get the latest episodes. Click here to subscribe with Apple Podcasts Click here to subscribe with Spotify Click here to subscribe with Stitcher Click here to subscribe with RSS

Join us this week as we interview Sarah Sullivan, founder and owner of SuGo Capital, an investment company that connects investors to strong passive income via real estate. She shares how you can start using syndications to create consistent monthly income in terms so simple even Anthony can understand. Also, later this month Sarah is hosting “The Confident Investor Conference” which will showcase 40 speakers over 10 days discussing all aspects of personal finance and wealth building. Be sure to register here: https://theconfidentinvestorsummit.com/afccp Additionally, as a follow-up to this interview, we will be doing a live zoom meeting with Sarah in which she will discuss how to properly conduct due diligence on any future syndications you may consider. Be sure to register here: https://bit.ly/IWC_syndications Resources: SarahS360.com: https://sarahs360.com/ Verivest:  https://verivest.com/ The Confident Investor Conference https://theconfidentinvestorsummit.com/afccp Registration Link for May 5th Event: Syndications | Why And How You Should Analyze Them Backwards https://bit.ly/IWC_syndications   Schedule your 15-minute call with Anthony or Cameron here:  http://bit.ly/iwc15podcast  Check our online course at www.InfiniteWealthCourse.com   Nelson Nash documentary http://bit.ly/NelsonDoc   Buy Becoming Your Own Banker by R. Nelson Nash http://bit.ly/BYOBbookIWC 

Today, my guest is Lance Pederson. Lance is the Founder and Managing Partner of Verivest, and the host of the Real Estate Risk Report Podcast.

One of the biggest obstacles investors face is finding and performing due diligence on investment, operators, or sponsors. How should you go about evaluating an opportunity to really know what you're getting into? Lance Pederson, founder of Verivest, has made it his professional mission to bridge the gap between investors and sponsors, alleviating some of the headaches of finding trustworthy operators. You'll learn several tips and things to watch out for when looking at a new investment opportunity. Listen in for some great insights. Love the show? Subscribe, rate, review, and share! TheBillionairePodcast.com

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. In this episode, Todd talks with Lance Pederson about how you can build a trusting relationship with high net worth investors. Lance Pederson has worked in the middle-market real estate space for more than 13 years and has helped over 180 entrepreneurs architect pooled investment funds. He's passionate about the power of transparency in building trust between sponsors and investors. He is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency to middle-market investing. Lance is the Principal of Fairway America, a private equity real estate company in Portland, Oregon. He also hosts the podcast ‘The Real Estate Risk Report,' featuring conversations with real estate sponsors around the topic of risk mitigation 3 Pillars 1. Patience 2. Discipline 3. Passion/Interest Book: Influence by Robert Cialdini Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

Watch the video recording of this show, See the highlight videos Gain access to online real estate syndication resources ACCESS THE SHOWNOTES PAGE BY CLICKING HERE.

For investors who want to invest passively in Real Estate, it can be hard knowing who to invest with and in what deals. The process can be daunting when there's a lot of money on the line. Lance Peterson, Founder and Managing Partner at Verivest, has made it easier for investors to find trustworthy syndicators and he's helped syndicators maintain best practices in how they conduct their business and investor relations.

Today, we're going down the rabbit hole of how you, as a potential passive real estate investor, can invest with better diligence and security with an operator. Joining me on Discovering Multifamily episode 145 is Lance Pederson, the founder and managing partner of Verivest, an end-to-end real estate investing platform designed to bring transparency and trust to middle-market investing.Listen in to hear how Lance started Verivest and the many needs it was created to fill. He discusses how they verify and monitor potential and ongoing deals in order to make it easier to create trust and achieve success. Lance also gives us some great insight on what to look for as a new investor and sheds light on the current market trends.Podcast Links:  iTunes: https://podcasts.apple.com/us/podcast/discovering-multifamily/id1506820688#episodeGuid=Buzzsprout-3366217  YouTube: https://youtu.be/EHJO3ECaSGk     Website: www.redknightproperties.com/media     Spotify: https://lnkd.in/gfcVc3p     Links/Shout-Outs Mentioned:     www.redknightproperties.com - Red Knight Properties Website#financialfreedom #passiveinvesting #activeinvesting #investsmart #investwisely #buildingwealth #multifamily #podcast #Red Knight Properties #Anthony Scandariato #Brian Leonard #investing in real estate #investing in multifamily #investing in syndication

Trust is important in doing business such as real estate as you will have to deal with a lot of people – brokers, operators, sponsors, etc. It is important to find people in businesses that are trustworthy, especially when you are investing money in the deals. In this episode, we pick the brain of Lance Pederson of Verivest, an end-to-end real estate investment platform designed to bring transparency to middle-market investing.Lance shares first how he started in the real estate industry and how he began Verivest. Lance emphasizes the importance of learning the business fast, finding the right people, and making it happen. Lance puts in the spotlight why having an entrepreneurial mindset will be to your advantage. He also helps us understand the friction between LPs and GPs and how to minimize that. Lance also discusses institutional money – its pros and cons. Lance's prediction in the real estate market over the next six to twelve months is – we are becoming a nation of renters. Tune in and learn the shortcut to trust for passive investors!

Lance Pederson is the founder and managing partner of VeriVest; an end-to-end real estate investment platform designed to bring transparency and trust to middle-market investing.   What do you want to hear/see more of and less of? What question do you always wish I would ask but I never do? Connect with the Global Investors Show, Charles Carillo, and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: schedulecharles.com/  ◾ Global Investors Web Page: charleskcarillo.com/global-investors-podcast/ .◾ Join Our Email Newsletter: http://bit.ly/32pehL0 ◾ Foreign Investing in US Real Estate Facebook Group: facebook.com/groups/ForeignInvestingInUSRealEstate/  

Today, we’re going down the rabbit hole of how you, as a potential real estate investor, can invest with better diligence and security. Joining me on the show is Lance Pederson, the founder and managing partner of Verivest, an end-to-end real estate investing platform designed to bring transparency and trust to middle-market investing. Check out the show notes for more information!

ABOUT LANCE PEDERSONLance Pederson is the Founder of Verivest and the host of The Real estate Risk Report podcast. He is also the Principal of Fairway America, a private equity real estate firm based in Portland. He has worked in the middle-market real estate space for more than 13 years and has helped over 180 entrepreneurs' architects pooled investment funds. He's passionate about the power of transparency in building trust between sponsors and investors.   THIS TOPIC IN A NUTSHELL:[01:25] His career background[03:30] How Verivest started[05:21] Verivest as Fund managers [06:10] Mutual fund structure[09:13] Advisory consulting practice[12:00] Work they do at the back end[12:55] Measuring engagements with Investors [14:45] How to structure Syndication deals[15:53] Removing friction between Sponsors and Investors[16:58] Verifying track record as middlemen for both parties[19:35] Tracking post-investments for deals[21:13] Pros and cons of Single-asset syndication vs. Fund-type space[24:25] Benefits of GP co-invest fund[26:10] Advice to new Syndicators[29:42] Track record that you need to move up the ladder[31:50] Having a robust pipeline[33:40] Leveraging your own team[34:40] Having a good analyst on the team[39:11] Advice to his 25-year-old self[40:13] His First Entrepreneurial endeavor[41:06] Formal and Informal training that shaped his journey[42:02] The Deal that got away[44:05] How to reach out to Lance KEY QUOTES:[10:42] All the stuff that most real estate guys hate, we try to create services to do those things so they can just focus on acquisitions and asset management and fundraising at the highest level.  [18:35] What I see in the industry is that it's stopping people from participating because they don't know who to trust. So, to me, how can we solve that problem? Well, we have to be that third-party fund administrator, we have to be as independent as we can be. I'm not the investor and I'm not the guy who's taking the money. We have to make sure that they are doing what they're supposed to do and we offer a track record verification service. [27:35] If you obsess with the metrics or the economics on the deals or the only thing that how investors make decisions, you're sunk, right now. What you need to be more focused on is your narrative, what's your story? What makes you different? How do you look for deals and how do you get that deal? [28:03] As much as I'd like people to be more analytical about it, all investors are still making emotional decisions. So, I'm saying get your story down and have them fall in love with you before they even find out what the damn terms are. But when they do find out the terms, send a signal to them that says you're being intellectually honest with yourself about the realities. Show them that you're willing to be aggressive and prove yourself.SUMMARY OF BUSINESSVerivest is a first-of-its-kind platform designed to bring transparency and trust to middle- market real estate investing. Sponsors are verified through background due diligence and portfolio monitoring, allowing investors to find, assess, choose, and monitor the right deals for their investment goals more confidently.    ABOUT THE WESTSIDE INVESTORS NETWORK        The Westside Investors Network, is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.       The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host's AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.                 #investmentproperty #realestate #investment #property #realestateinvesting #propertyinvestment #investing #realestateinvestor #investor #investments #invest #realty #realtorlife #properties #investmentproperties #realestateinvestment #REinvesting #entrepreneur #entrepreneurlife #money #business #finance #financialfreedom #wealth #entrepreneurship #passiveincome #investments #verified #middlemarketing #backgroundcheck #blindpoolfund #raisingcapital #syndication #accreditation #businessportfolio #accreditedinvestors #beyourownboss    YOU MAY CONTACT LANCE PEDERSON VIA:  Email: lance@verivest.com Website: https://verivest.com/companyLinkedIn: @lancepederson, @verivest, @real-estate-risk-report  Social media:     Facebook: @Verivest @realestateriskreportInstagram @Verivestverified @RealestateriskreportTwitter: @Verivest                CONNECT WITH US      For more information about investing with AJ and Chris:     · Uptown Syndication | https://www.uptownsyndication.com/      · LinkedIn | https://www.linkedin.com/company/71673294/admin/        For information on Portland Property Management:    · Uptown Properties | http://www.uptownpm.com     · Youtube | @UptownProperties           Westside Investors Network     · Website | https://www.westsideinvestorsnetwork.com/     · Twitter | https://twitter.com/WIN_pdx     · Instagram | @westsideinvestorsnetwork     · LinkedIn | https://www.linkedin.com/groups/13949165/     · Facebook | @WestsideInvestorsNetwork     ·    Youtube | @WestsideInvestorsNetwork 

Lance Pederson has worked in the middle-market real estate space for more than 13 years and has helped over 180 entrepreneurs architect pooled investment funds. He is the Founder and Managing Partner of Verivest, an end-to-end real estate investment platform designed to bring transparency to middle-market investing. He’s also a principal of Fairway America, a private equity real estate equity in Portland, Oregon. Lastly, Lance is the host of the ‘The Real Estate Risk Report,’ podcast, featuring conversations with real estate sponsors around the topic of risk mitigation  In this episode we talked about: Lance`s background The transition from hard money lending to private equity real estate The structure of the company Role of the operator in a deal Fund model Verivest, how do they  help companies? Operators: control, validation, trust Personality types of investors and team members Risk mitigation Track record Catch-up mechanism in private equity The process of sponsorship investment Mentorship

Lance Pederson, Managing Partner of Verivest, joins us to discuss selling his IT startup and moving into commercial real estate, pros and cons of fund structures vs. syndications, and helping connect sponsors and passive investors with the Verivest platform. Connect with Lance at https://verivest.com/   Transcript   Devin: Lance, welcome. How are you? Lance: https://youtu.be/Z2OoTROR-1cGood, […]

Welcome back everybody to the AJ Osborne podcast! I'm excited you're here and even more excited about the great guest I have on the podcast for you today. It's my pleasure to introduce you to the one and only Lance Pederson. Lance helps investors navigate what so many believe to be the complexities of the investment world. I say, “what so many believe to be the complexities” because as we discuss in this episode, there are a ton of investors out there focusing on the completely and totally wrong things. To that, Lance has helped and been a part of over 190 engagements regarding the advisement and structuring of deals. There are a lot of pieces to put together, you have the deal, money, legal, accounting, transaction, due diligence… the list goes on and on. You can't and shouldn't be wasting your valuable time and resources on spinning your wheels (or anyone else's). Lance shares some incredible insights today about deal structures and the potential pros and cons of those structures, raising money and the different avenues to accomplish your capital raise goals, fund structures and a ton more regarding the deals and structuring of those deals. We also jump into economics and discuss what he's seeing across the country. We talk real estate and the most popular assets he's seeing come across his table, and he even shares some of key industry insights into what issues he's seeing in the real estate industry, and where the opportunities may be. This was one of those conversations that we could have explored all day long and this episode is PACKED with awesome and valuable information that I haven't seen much anywhere else. Be sure to keep up with Lance on his website and podcast: Verivest: https://verivest.com/ Real Estate Risk Report: http://www.therealestateriskreport.com/

This episode's guest is Matt Burk, the CEO/Founder of Fairway America. He is also the author of Capital Attraction, the Small Balance Real Estate Entrepreneurs Essential Guide to Raising Capital. Fairway America is a private equity investment and fund management platform focused exclusively on real estate asset based investments in the middle market space. Through pooled investment funds, JV or co-GP arrangements, and/or individual syndications, Fairway originates and aggregates product to make middle market real estate asset based investments available to a full spectrum of investors (including domestic and foreign retail high net worth, family office, and institutional investors) who may otherwise have difficulty accessing this highly fragmented middle market space. In this episode we discuss: The catalyst that started Matt's first business [5:15] What Fairway does in the real estate space [7:18] Who are their clients [08:37] Types of structure Fairway America uses to put together a real estate deal [10:19] Misconceptions about investment funds [11:29] Minimum and maximum size of deals Fairway accepts [17:26] Matt talks about Verivest [18:38] Stage of a real estate deal when you should contact Fairway America to help with the deal [21:35] The real estate market during a black swan event [23:25] Opportunities that arise from COVID-19 [27:25] Matt talks about his book Capital Attraction and who could benefit from reading it [29:11] How to contact Matt and Fairway America [30:57] Quotable Quotes: Real estate is not a single market. It is a collection of a great deal of micro markets. There are different geographic regions, different sizes, different categories/sub-categories of assets. Links to sources and tools Contact Kellen Stevens at kellen.stevens@fairwayamerica.com if you have questions regarding Fairway America and their services. Go to https://fairwayamerica.com/ to learn more about their services Follow Matt Burk and Fairway America on social media: Linkedin: https://www.linkedin.com/in/mwb/ Company LinkedIn: https://www.linkedin.com/company/fairway-america Twitter: @mattwburk Thanks for listening. Don't forget to like us on Facebook: https://www.facebook.com/passthesecretsauce to get updates on new episodes. If you haven't already, please follow and leave a review for our podcast, we'll really appreciate it. And as always, don't forget to pass the secret sauce. Support our podcast If you're a fan of the show, there are three simple things you can do to support our work: Subscribe,rate and review: https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483 the podcast on iTunes or wherever you subscribe. Tell a family member, friend, or colleague about the show. Subscribe to us on YouTube: https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA and follow us on LinkedIn: https://www.linkedin.com/company/pass-the-secret...