How does one transition from managing small apartment buildings to influencing multi-million dollar real estate investments?
In this episode, Adam Dunn, a seasoned real estate broker specializing in multi-housing investment sales and advisory, takes us through his 16-year journey from entry-level property management to brokering complex, high-stakes real estate deals. He shares insights into his industry transition, challenges with managing distressed properties, the difference between private and institutional investments, and how his work has enabled him to impact communities and clients alike. Adam’s story is filled with lessons on resilience, adaptability, and the value of informed decision-making in real estate.
[00:01 - 07:36] From Property Management to Investment Sales
- Adam’s career journey from property management to a brokerage
- Managing a property with challenging occupancy and financial issues
- Building a reputation as a “fixer” of underperforming properties
[07:37 - 14:19] Transition to Institutional Brokerage
- Moving from private to institutional real estate and its unique demands
- Saving money to transition into a commission-only brokerage career
- Learning how institutional clients rely heavily on data and risk management
[14:20 - 21:25] Private vs. Institutional Clients: A Relationship Game
- The dynamics of working with private families versus large institutions
- How long-term relationships and trust play a critical role in real estate
- Leveraging data-driven insights to serve both private and institutional clients
[21:26 - 28:36] Balancing Brokerage with Passive Investments
- Adam’s decision to invest passively as an LP, avoiding conflicts of interest
- The importance of aligning with trusted sponsors for passive investments
- The benefits of contributing to real estate without direct ownership
[28:37 - 36:41] Defining Success Through Work-Life Balance
- Balancing a demanding career with family life and presence
- Shifts in perspective on success brought by COVID-19
- Success as providing generational wealth and quality time with family
Connect with Adam:
Email: adam.dunn@berkadia.com
LinkedIn: https://www.linkedin.com/in/adamdunncre
Instagram:https://www.instagram.com/adamdunncre/
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Tweetable Quote:
"In real estate, it's not about transactions, it’s about relationships and actionable intelligence." - Adam Dunn
How can embracing the digital age fundamentally transform traditional careers and the journey towards entrepreneurship? In this episode of Weiss Advice, Yonah delves into the remarkable journey of Michael Huseby, a visionary real estate investment attorney who leveraged the power of social media to redefine his career and establish his law firm. Through candid conversations, they explore the evolution of Michael's career, from traditional legal practices to pioneering in the digital space, his battle with a life-changing disease, and how these experiences shaped his approach to business, risk, and life itself. This episode is a testament to resilience, innovation, and the transformative potential of embracing change and technology.
[00:01 - 05:16] The Digital Catalyst
- Michael's strategic use of Twitter to grow his law practice
- The importance of social media in modern business development
- Transitioning from traditional law firm environments to entrepreneurship
[05:17 - 10:32] Navigating Life's Curveballs
- Michael's personal journey with a progressive eye disease
- The impact of personal challenges on professional decisions
- Embracing adversity to fuel determination and innovation
[10:33 - 15:25] Building Bridges in Real Estate
- Michael's niche in real estate syndications and investment funds
- The significance of educating clients on complex legal matters
- The role of expertise in fostering client trust and business growth
[15:26 - 20:45] Community and Connection
- The value of in-person meetings fostered through online connections
- Real estate community dynamics on social media platforms
- Building a network of clients, business partners, and friends
[20:46 - 29:25] Vision for the Future
- Strategic planning in the face of uncertainty due to Michael's vision impairment
- The importance of creating a sustainable and adaptable business model
- Leveraging digital platforms for continuous learning and community support
Connect with Michael:
Twitter: https://twitter.com/investing_law
LinkedIn: https://www.linkedin.com/in/michael-bjorn-huseby/
Instagram: www.instagram.com/commercial_in_nashville/?hl=en
YouTube: https://www.youtube.com/@TheInvestmentsLawyer
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quotes:
"Twitter fundamentally changed my life and the way I do business." - Michael Huseby
"Everybody has their thing; it's about how you adapt and overcome." - Michael Huse
What is the one critical factor that can make or break your success as a passive real estate investor?
In this episode, Yonah sits down with the multi-talented K Trevor Thompson, a man with a diverse background spanning from working at Ripley's Believe It or Not to opening 46 iFly Indoor Skydiving locations. He shares his journey into real estate investing, emphasizing the importance of the "who" over the "what" when it comes to choosing the right investment opportunities. Trevor discusses the power of diversification, the lessons learned from deals that didn't go as planned, and the importance of setting ambitious goals.
[00:01 - 06:08] From Guinness World Records to Real Estate
- Trevor's diverse career background
- The importance of taking action on inspiration, rather than just being inspired
- Trevor's transition into real estate investing after reading Rich Dad, Poor Dad
[06:09 - 13:55] The Power of Passive Investing
- The importance of the "who" over the "what" when choosing investment opportunities
- Diversifying investments across different asset classes, locations, and risk levels
- The benefits of investing in deals with preferred payments and waterfalls
[13:56 - 20:22] The Eighth Wonder of the World
- The power of compounding investments over time
- The importance of staying in a W2 job while growing wealth
- The benefits of having a supportive partner on your real estate journey
[20:23 - 26:00] Lessons Learned from Deals Gone Wrong
- The impact of rapidly increasing interest rates on real estate deals
- The importance of adequate reserves and fixed debt in mitigating risk
- The value of experienced and skilled asset management teams
[26:01 - 32:27] The Key to Success in Real Estate Investing
- The importance of setting ambitious goals
- How to help people reach financial independence through real estate investing
- The value of sharing knowledge and inspiring others to take action in their investment journey
Connect with Trevor:
LinkedIn: https://www.linkedin.com/in/ktrevorthompson/
Instagram: https://www.instagram.com/kttniagarainvestment/
Facebook: http://www.facebook.com/groups/earnandlearnwithrealestateinvesting/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quote:
"I think the biggest lesson I've learned in life is the who is way more important than the what." - K. Trevor Thompson
How can aligning the right people with your goals transform your journey toward financial independence and impact investing?
In this episode, Manny Juarez shares his intriguing journey from the world of interior architecture to real estate investing, particularly in multifamily properties. The discussion delves into the transformative power of self-education, the importance of aligning with the right partners, and the evolving landscape of real estate investment, especially amidst the challenges posed by the pandemic. Manny also touches on the concept of impact investing and its significance in today's world.
[00:01 - 07:09] Path to Multifamily Investing
- Embracing new opportunities during the pandemic
- Transitioning from service to ownership in real estate
- How to seize opportunities, and the importance of mindset in career transitions
[07:10 - 14:15] Current Role and Finding Partners
- The gap in formal education about practical investing
- The revelation of self-education in real estate
- The value of self-education, and understanding various investment avenues
[14:16 - 20:21] Spousal Support on the Journey
- The evolution of Manny's role in real estate syndications
- Building relationships and selecting the right partners
- The importance of networking, and selecting compatible partners
[20:22 - 27:27] Impact Investing Example
- The concept of impact investing and its personal significance
- Balancing financial gains with humanitarian benefits
- The balance between financial returns and societal contributions
[27:28 - 33:22] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Worst job: A gutter cleaner
- Books that gave a paradigm shift: "The Go-Giver by Bog Burg"
- Skill/talent to learn: Bowling skills
- Success is defined by reaching your future self
Connect with Manny:
LinkedIn: https://www.linkedin.com/in/mannyjuarez/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Key Quotes:
"Self-education is something that truly changes the direction of anybody." - Manny Juarez
"Being able to connect with people on a more human level before anything else is super important." - Manny Juarez
Can smart money truly create a cushion against market volatility, and how does mezzanine financing play a role in stabilizing investments during economic downturns?
In this episode, Mike Zlotnik, a seasoned expert in commercial real estate and fund management, explores the nuanced strategies of mezzanine financing in the commercial real estate sector. As markets face volatility and shifting investment landscapes, Big Mike shares valuable wisdom on navigating these challenges through strategic financial structuring. Listeners will gain a profound understanding of how sophisticated financing options can provide safety nets and high returns, even in uncertain times.
[00:01 - 08:00] The Genesis of a Real Estate Maven
- Mike's migration from technology to real estate investing
- The concept of mezzanine financing and its importance in real estate
- Early challenges and opportunities in Mike's career transition
[08:01 - 16:00] Navigating Through Crises with Mezzanine Financing
- Detailed explanation of mezzanine financing structures
- Historical impacts of economic downturns on real estate and strategic responses
- The role of smart money in overcoming these challenges
[16:01 - 24:00] Real-Time Market Adaptations
- Examples of adapting to market changes and safeguarding investment
- The current state of the market and strategic positioning for potential upswings
- The balance between risk and reward in investment decisions
[24:01 - 32:00] The Future of Real Estate Investing
- Predictions for the real estate market and the evolving role of mezzanine financing
- How investors can identify and leverage opportunities in a fluctuating market
- The importance of due diligence and strategic foresight in investing
[32:01 - 41:51] Philosophical Reflections and Tactical Insights
- The philosophical underpinnings of investment strategies
- What success means in the volatile world of real estate
- Practical advice for new and seasoned investors navigating the current economic landscape
Connect with Mike:
Website: https://tempofunding.com/
LinkedIn: https://www.linkedin.com/in/mzlotnik/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quotes:
"Experience is what you get when you don’t get what you want." - Mike Zlotnik
"The best investing time is when others are running away from the market." - Mike Zlotnik
Can AI revolutionize the real estate industry and help entrepreneurs scale their businesses faster than ever before? In this episode of Weiss Advice, Yonah sits down with Vanessa Alfaro, a seasoned entrepreneur and real estate investor who has founded multiple successful companies. Vanessa shares her passion for leveraging artificial intelligence to optimize business processes and drive growth. She discusses how AI can be a game-changer for entrepreneurs, particularly in the real estate industry, by increasing productivity, analyzing deals faster, and ultimately improving the bottom line.
[00:01 - 07:04] From Venezuela to Real Estate and AI
- Vanessa's background in marketing and entrepreneurship in Venezuela
- Transitioning to the US and focusing on real estate and AI consulting
- The importance of innovation in driving business success
[07:05 - 14:28] Leveraging AI for Entrepreneurs and Real Estate Investors
- How AI can help small operators and entrepreneurs scale their businesses
- The potential of AI in optimizing real estate processes and increasing NOI
- The importance of applying AI technologies to stay competitive
[14:29 - 22:23] AI Applications in Real Estate
- Using AI for content creation, personalization, and presentations
- Implementing AI in asset management to reduce expenses and increase NOI
- The power of collective intelligence between humans and AI
[22:24 - 30:47] Accelerating Acquisitions and Analyzing Deals with AI
- How AI can help analyze more deals faster and increase the pipeline
- Creating a ChatGPT-based tool for quick deal analysis
- The importance of understanding how to use AI effectively
[30:48 - 38:22] The Current Real Estate Focus
- Vanessa's focus on multifamily and diversifying into other commercial assets
- The current market opportunity for buyers
- The historical advantage of combining AI with real estate investing
Connect with Vanessa:
Website: https://www.linkedin.com/in/vanessagalfaro/
Instagram: https://www.instagram.com/vanessavenuscapital/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
"If you leverage your experience with artificial intelligence, that's when you're going to have a win." - Vanessa Alfaro
"The problem with AI is that if you don't know how to use it, you cannot see the potential." - Vanessa Alfaro
Can adversity be the unexpected catalyst for transforming dreams into reality? In this episode, Yonah hosts Mike and Ligia Deaton, a couple who have made remarkable strides in the real estate business, particularly in land flipping. Starting from corporate careers to a sudden shift towards entrepreneurship following a layoff, they share their journey into real estate investment and coaching. Their story is a blend of personal and professional evolution, showcasing how embracing change can lead to unexpected success and fulfillment.
[00:01 - 06:22] The Beginnings
- Mike and Ligia's background in corporate jobs and their transition to real estate
- The impact of their layoff and how it led to a new career path
- Introduction to land flipping and its possibilities
[06:23 - 12:47] Flipping Dirt - A Business Unfolded
- The genesis and growth of their business, Flipping Dirt
- Insights into land flipping and its advantages over traditional real estate
- The decision to start coaching others in land flipping
[12:48 - 18:26] Embracing Adversity
- Overcoming the initial fears and uncertainties of starting a new venture
- The role of adversity in propelling them towards entrepreneurship
- How their partnership as a couple strengthened their business approach
[18:27 - 24:55] Strategies and Insights in Land Investment
- Detailed strategies for choosing and investing in land properties
- The low-risk, high-reward nature of land flipping
- The importance of market research and understanding buyer demographics
[24:56 - 27:51] Personal Dynamics and Future Aspirations
- Balancing personal and professional life as a couple in business
- The distribution of roles based on individual strengths and preferences
- Future goals and aspirations for their business and personal growth
[27:52 - 37:46] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Books that gave a paradigm shift: “The Gap and The Gain” by Dan Sullivan and "Mindset" by Carol Dweck
- Skill/talent to learn: Develop organizational skills and paint with acrylics
- Success is defined as a life of fulfillment and by how you make people feel
Connect with Mike & Ligia:
Website: https://flippingdirt.us/freedom/
Facebook: https://www.facebook.com/mikeandligia
Instagram: https://www.instagram.com/mike_and_ligia/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quote:
"Adversity is really a blessing many times." - Mike & Ligia Deaton
How can transforming your mindset from worry to positivity revolutionize the way you approach business, lending, and entrepreneurship? In this episode, Yonah dives deep into a conversation with Brenna Carles, a dynamic entrepreneur and expert in the mortgage industry, particularly focusing on short-term rental financing. Brenna shares her unique journey from a professional singer to a leading figure in the mortgage world, emphasizing the importance of positivity, determination, and the ability to adapt and learn. Her story is a powerful reminder of how diverse experiences can shape one’s approach to business, and how embracing change and challenges can lead to unparalleled success.
[00:01 - 08:12] From Stage to Mortgage Sage: Brenna's Journey
- Transitioning from a professional singer to a mortgage expert
- The pivotal role of adaptability in career evolution
- Embracing the unexpected turns in one's career path
[08:12 - 16:15] The Art of Lending: Navigating Challenges
- Overcoming industry stereotypes and educating lenders on short-term rental properties
- The importance of detailed knowledge in specialized lending areas
- Strategies for convincing traditional banks to finance unique properties
[16:15 - 24:02] Building a Business: Starting the Mortgage Shop
- The journey of starting and scaling a mortgage business
- Collaboration and partnership in the mortgage industry
- Leveraging experience and knowledge to offer superior service
[24:03 - 32:01] Empowering Clients: Beyond Financing
- The role of education in empowering mortgage clients
- Navigating tax implications and financial planning for property investments
- Creative financing solutions and the importance of long-term planning
[32:01- 39:43] Entrepreneurship and Personal Growth
- The evolution of personal and business goals over time
- The significance of helping others as a measure of success
- Continuous learning and the pursuit of new skills
Connect with Brenna:
Website: https://www.mortgage.shop
Facebook: https://m.facebook.com/profile.php/?id=503167770
Instagram: https://www.instagram.com/brennacarles/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quotes:
"If I fail, that's fine, but I'm not going to wonder what if." - Brenna Carles
"If you want to stand up for yourself, you have to know what you're talking about behind it." - Brenna Carles
How can real estate investing not only build wealth but also offer significant tax advantages when navigated with expertise?
In this enlightening episode, Ashish Acharya, a CPA renowned for his investor-friendly approach and deep expertise in real estate taxation, shares his journey from Nepal to becoming a leading figure in the accounting world, emphasizing the importance of responsiveness, dedication, and strategic tax planning for real estate investors. Through anecdotes and professional insights, listeners are treated to a masterclass on leveraging tax laws to maximize investment returns, the critical role of choosing the right entity, the transformative power of education, and much more.
[00:01 - 03:00] The Journey Begins
- The importance of having a clear professional goal
- The transition from auditing to a tax-focused career
- The significance of responsiveness in the CPA-client relationship
[03:01 - 10:00] Unveiling Tax Strategies for Real Estate
- Depreciation and cost segregation as powerful tools for tax savings
- The impact of choosing the right entity for investment
- The role of strategic planning in maximizing tax benefits
[10:01 - 20:00] Building a Business on Investor Needs
- The decision to cater exclusively to real estate investors
- The challenges and rewards of entrepreneurship
- The critical role of community and responsiveness in business growth
[20:01 - 30:00] The Future of Tax Planning and Real Estate Investing
- Anticipating the return of 100% bonus depreciation and its implications
- The importance of software in simplifying tax planning for investors
- Ashish's vision for leveraging technology to enhance tax advisory services
[30:01 - 39:42] Personal Growth and Defining Success
- The transformative power of spirituality in personal and professional life
- The importance of meditation and self-reflection
- Evolving definitions of success beyond financial achievements
Connect with Ashish:
LinkedIn: https://www.linkedin.com/company/investor-friendly-cpa/
Instagram:https://www.instagram.com/investor_friendly_cpa/
YouTube: https://www.youtube.com/@investorfriendlycpaifc6215
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Depreciation and cost segregation are the keys to unlocking tax savings for real estate investors." - Ashish Acharya
"Success to me has evolved from financial achievements to finding peace and contentment through spirituality and meditation." - Ashish Acharya
How do people become uber-successful real estate investors? In this case, at a very young age of 22. Jabbar Adesada shares his journey of overcoming adversity to achieve financial freedom and success in real estate investing. Growing up in poverty with an abusive mom, Jabbar discusses his traumatic childhood and pivotal move to live with his estranged father at 15. After discovering Robert Kiyosaki's "Rich Dad Poor Dad," Jabbar became obsessed with building assets and not liabilities. He bought his first rental property at 18 while serving in the military, living on a futon and renting out rooms. Jabbar then started raising money from investors and partnering to scale up, buying nearly 10 more rental units within a couple of years.
[00:00 - 09:12] Jabbar's Early Adversity and Paradigm Shift
- Grew up in poverty with abusive mother leading to a traumatic childhood
- Moved in with estranged father at 15, pivotal shift
- The pivot at 15 years old - the need to become somebody
- Read "Rich Dad Poor Dad" and learned about assets vs liabilities
[09:13 - 25:40] Entering Real Estate Investing Through Rentals
- Joining the military and learning from a mentor
- Bought first rental property using VA loan at 18
- Started raising money to scale into more rental properties
- Bought 25 properties in 6 months with partner
[25:41 - 31:57] Path Forward: Focus on Strengths and Giving Back
- Focused on outsourcing to scale business
- Learned importance of self-belief from missed commercial deal
- Short-term rentals fully outsourced, flipping more hands-on
- Intends to exit military ASAP
[31:58 - 39:30] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Worst job ever was being a private first class in the military
- Book that gave a paradigm shift: “The ONE Thing” by Gary W. Keller and Jay Papasan
- Skill/talent to learn: Speak Spanish
- Success is defined by quality of relationships and helping others
Connect with Jabbar
Instagram: https://www.instagram.com/jabbar_investar/?hl=en
Facebook: https://www.facebook.com/jabbar.adesada
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quote:
"Success is the value of your relationships, the quality of your relationships, and how you're able to impact and help other people." - Jabbar Adesada
While profit is important, Nick Stromwall's driving motivations are faith, community, and outsized generosity. How outsized? He aims to one day live on just 10% of his income, giving away the other 90%. And he's using real estate investing as the vehicle to create the wealth to make that extraordinary generosity possible. He's also teaching his three young sons (plus one daughter on the way!) to be entrepreneurial—they already launched their own candle business.
Nick is the Operations Director for Kingdom REI and the founder of Oak and Vine Capital. Nick loves serving others and finding ways to maximize technology to leverage kingdom impact. Nick enjoys spending time with his wife and three sons enjoying the outdoors, mountain biking, and cultivating a love of music. Nick is passionate about investing in businesses that want to create Kingdom Impact.
[00:00 - 14:35] The Motivation Behind Giving
- Nick was drawn to Kingdom REI's values of prioritizing impact over profit
- The aim to live on 10% of his income so he can give away the other 90%
- How real estate investing can create extraordinary resources to help others
[14:36 - 21:50] Discovering Real Estate and Entrepreneurship
- Nick had some financial education from his parents at a young age
- The power of real estate investing through books like Rich Dad Poor Dad
- He learned about cash flow, appreciation, and tax savings opportunities in real estate
[21:51 - 26:33] Using Profits to Create Legacy and Impact
- Oak and Vine represent strength and being tethered
- Nick helps people invest so they can create impact and leave a legacy
- Ties charitable giving to each new real estate project
[26:34 - 32:42] The Final Four: Worst Job, Book, Skill to Learn, & Definition of Success
- Worst job ever was biking to a nursery
- Book that gave a paradigm shift: “The Ruthless Elimination of Hurry” by John Mark Comer
- Skill/talent to learn: Wail a saxophone
- Success means getting to that point of living on 10% to give 90% away
Connect with Nick
Website: https://www.oakandvinecapital.com/
LinkedIn: https://www.linkedin.com/in/nickstromwall/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Tweetable Quote:
"Everybody has this idea of financial freedom as their monthly budget number...why aren't people 10X-ing what they need so they can give the other nine parts away?" - Nick Stromwall
How can a lifelong passion evolve into a successful career while securing your financial future?
In this episode, Greg Lutzka, a two-time X Games gold medalist and professional skateboarder who has made an impressive transition into real estate investing, shares his journey from growing up in Milwaukee to becoming a household name in the skateboarding world, and how his passion for skateboarding led him to explore business ventures beyond the board. From winning pro contests to building an impressive real estate portfolio, Greg discusses the importance of surrounding yourself with the right people, diversifying your investments, and always pursuing what makes you happy. His story is a lesson in passion, perseverance, and smart financial planning.
[00:01 - 08:03] From Skates to Success: The Early Years
- Greg’s journey from ice hockey to skateboarding
- How skateboarding became his passion
- His first major contests and early professional achievements
[08:04 - 16:00] Skateboarding Career Challenges
- Winning big but facing significant injuries
- Mental challenges of recovering from injuries
- Transitioning from competitive skateboarding to smarter skating
[16:01 - 24:57] Entering Real Estate: A One-Way Ticket
- How Greg bought his first condo at 19
- Real estate investments and his strategy for passive income
- Lessons learned from investing in different markets
[24:58 - 32:30] The Business Mindset
- Transitioning from skateboarding sponsorships to entrepreneurship
- Starting his own masterclass and TV show
- Helping the next generation through education and business
[32:31 - 39:35] Lessons in Financial Literacy and Networking
- Importance of financial literacy for athletes
- Leveraging your network for greater success
- The long-term benefits of asset protection and planning
Connect with Greg:
Website: http://www.greglutzka.com/
Instagram: https://www.instagram.com/greglutzka/?hl=en
Facebook: https://www.facebook.com/greglutzka/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
“In life, you need to figure out what makes you happy and turn that into something you can make a living doing.” — Greg Lutzka
“Surround yourself with great people and positive energy, and you'll make major changes in your life.” — Greg Lutzka
What happens when life's hardships force you to pivot, and how can those very challenges lead to financial freedom?
In this episode, Yonah welcomes Ify Asoh, a dynamic real estate investor and healthcare professional. Ify shares her incredible journey from immigrating to the U.S. with nothing to becoming a successful real estate investor while working two jobs and raising three children. She opens up about the hardships she faced, and how she discovered real estate as a means to create generational wealth. Ify’s story is one of resilience, mindset shifts, and a relentless pursuit of financial independence for her family.
[00:01 - 07:00] The Journey Begins
- Ify's Nigerian roots and her experience immigrating to the U.S.
- Transitioning from chemistry to pharmacy to provide for her family
- Realizing that something needed to change after her divorce
[07:01 - 14:46] Finding Financial Freedom
- Ify’s discovery of investing during the challenges of 2022
- How Ify realized real estate could provide the cash flow she needed
- Transitioning from residential to commercial real estate
[14:47 - 21:25] Creative Financing & Mindset
- Ify’s introduction to Pace Morby and the Subto community
- Learning creative financing, such as subject-to transactions
- The significance of mindset training in achieving success
[21:26 - 28:22] Focus and Finding Your Niche
- How focusing on one goal at a time led to her success in real estate
- The importance of accountability and narrowing down priorities
- Transitioning from residential to acquiring apartment buildings
[28:23 - 35:05] Shifting Goals: Family & Legacy
- How Ify's goals have shifted from wealth to including her children in the journey
- Transferring knowledge and skills to the next generation
- Redefining success as impacting others and enjoying the process
Connect with Ify:
LinkedIn: https://www.linkedin.com/in/ifyasoh/
Instagram: https://www.instagram.com/ify_asoh/
Facebook: https://www.facebook.com/ify.asoh
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
"Success is a culmination of all the little different mini-wins I am experiencing on this journey." - Ify Asoh
“Life breaks everyone’s heart at some point. It was my turn, and that led me to real estate.” – Ify Asoh
What are the biggest challenges and rewards of balancing family, real estate investments, and multifamily syndications? Today, Kimberly McCall discloses her inspiring journey from humble beginnings on a reservation to becoming an active multifamily investor. She discusses the challenges of flipping houses while balancing a growing family and how she transitioned into multifamily investments. Kimberly provides insights on networking, mentorship, and adding value to others. She also dives into asset management, her passion for creating strong operational teams, and how she involves her children in the business.
[00:01 - 07:52] From Flipping to Multifamily
- Embrace humble beginnings and use them as motivation
- Flipping houses can teach invaluable lessons, but it's not the end game
- Reading foundational books like Rich Dad Poor Dad can shift your mindset
[07:53 - 14:50] Passive Income and Syndications
- Multifamily offers better opportunities for passive income
- Hard money lending can be stressful; look for more sustainable options
- Partnering with experienced syndicators accelerates learning
[14:51 - 21:27] The Backbone of Multifamily Success
- Asset management is essential for protecting and growing investor capital
- A strong operational team is just as important as raising capital
- Building repeat relationships with investors is key to long-term success
[21:28 - 28:25] Teaching Kids Real Estate Skills
- Including children in the business builds entrepreneurial skills early on
- Practical involvement, like helping with underwriting, can teach valuable lessons
- Real estate can be a family business, even for young children
[28:26 - 35:04] Creating Value for the Community
- Building a strong network can open doors and create opportunities
- Virtual meetups offer flexibility and inclusivity for participants
- Providing value to others is a core principle in any business venture
Connect with Kimberly:
LinkedIn: https://www.linkedin.com/in/kimamccall/
Instagram: https://www.instagram.com/knicemkw
Facebook: https://www.facebook.com/kamccall
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Asset management is the backbone of real estate investments. Without a good operational team, you can lose both investors and tenants." - Kimberly McCall
"Multifamily real estate is not a one-person show; asset management is a team effort." - Kimberly McCall
How does one transform a passion for real estate into a thriving business that not only scales but also benefits the community?
In this episode of Weiss Advice, Yonah chats with Denise O'Reilly, a multifaceted entrepreneur with a passion for real estate and assisted living. Denise shares her journey from working in the film industry to becoming a successful real estate investor, with a particular focus on multifamily and senior living communities. She discusses the challenges and rewards of building a business with her husband, the importance of mentorship, and the vision behind her investment fund.
[00:01 - 06:20] The Entrepreneurial Spirit
- Denise's natural inclination to turn every interest into a business
- Transition from the film industry to real estate
- The initial steps in her real estate journey
[06:21 - 12:25] Discovering Multifamily Investing
- The pivotal moment in 2019 that led Denise to multifamily real estate
- How a podcast episode sparked her interest in scaling investments
- The importance of mentorship and continuous learning
[12:26 - 19:08] Merging Passions: Assisted Living and Real Estate
- Denise's personal connection to assisted living through her family's business
- The decision to merge her expertise in multifamily with assisted living
- Building a business that serves both the community and investors
[19:09 - 26:48] Building a Family Business
- Working alongside her husband and the dynamics of their partnership
- The challenges and benefits of turning their shared passions into a business
- How their goals align to create generational wealth
[26:49 - 33:21] Scaling with Purpose: The Future of Assisted Living
- The growing demand for senior living communities
- Denise's vision for expanding her investment fund to meet this need
- The long-term impact of investing in assisted living facilities
Connect with Denise:
LinkedIn: https://www.linkedin.com/in/deniseoreillyflow/
Facebook: https://www.facebook.com/denise.oreilly.321/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
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Tweetable Quotes:
"I have an entrepreneur mindset. Every time I see something, I turn it into a business or think about how it could be a business." - Denise O'Reilly
"Success is about freedom—of time, location, and income, and the ability to give back." - Denise O'Reilly
How can building an equity-driven real estate portfolio impact your finances and the communities you serve?
Today, Kevin Dugan, the Managing Principal at Altus Investment Group, shares his journey from reading Rich Dad Poor Dad in college to becoming a successful real estate investor specializing in fix-and-flips and small multifamily properties. He discusses the challenges and rewards of managing construction projects remotely, the importance of finding the right partners, and the deeper motivations behind his work. Kevin also highlights the importance of aligning business goals with personal values, particularly in positively impacting the communities he invests in.
[00:01 - 06:18] From Book to Business
- The influence of Rich Dad Poor Dad in shaping entrepreneurial mindsets
- The transition from idea to action—buying the first property
- The importance of timing in real estate investment
[06:19 - 12:06] Scaling Through Sweat Equity
- Building equity through construction as a core investment strategy
- The challenges of remote management and the necessity of strong partnerships
- Evolving from small-scale renovations to a scalable construction model
[12:07 - 18;24] The Why Behind the Work
- Business as a means to serve and create value across all stakeholders
- The role of financial education in empowering communities
- The importance of aligning business success with personal fulfillment
[18:25 - 24:49] Navigating Partnerships
- The complexities of business partnerships and the need for clear communication
- Lessons learned from both successful and challenging partnerships
- Strategies for finding and maintaining effective business relationships
[24:50 - 29:53] Balancing Ambition and Life
- The risks of prioritizing business growth at the expense of personal relationships
- The value of presence in personal and family life
- The long-term impact of balancing professional and personal success
Connect with Kevin:
Website: https://businessownersinvest.com/
LinkedIn: https://www.linkedin.com/in/kevinkdugan/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"As long as we have construction and buy an asset under value, we can build equity through our construction process." — Kevin Dugan
"It's not about just making money. It's about making a deeper impact on a larger scale." — Kevin Dugan
What if the key to building a lasting legacy in real estate lies not in skyscrapers, but in vineyards?
In this episode of Weiss Advice, host Yonah Weiss sits down with Keeley Hubbard, a serial sales expert turned vineyard syndicator. Keeley shares her journey from corporate sales to the unexpected world of Texas wine production. She discusses the intricacies of vineyard investment, the booming Texas wine industry, and the importance of building deep relationships in business. Keeley's insights on sales, coaching, and finding success through impact offer valuable lessons for entrepreneurs and investors alike.
[00:00:00 - 00:15:35] From Corporate Sales to Vineyard Syndicator
- Keeley transitioned from corporate sales to vineyard syndication after burnout
- Texas is the fourth largest wine grape growing state in the US
- Vineyard syndication offers long-term cashflow and tax benefits
[00:15:36 - 00:22:39] The Science and Art of Vineyard Management
- Vineyard location and soil composition are crucial for grape quality
- Texas High Plains AVA is ideal for grape growing but not aesthetically pleasing
- Investors can tour different stages of vineyard development
[00:22:40 - 00:29:31] The Business Side of Wine Production
- Most Texas wineries don't grow their own grapes
- Efficient vineyard management involves sophisticated science and technology
- Vineyard investments offer significant tax depreciation benefits
[00:29:32 - 00:32:13] Life Lessons and Personal Growth
- Keeley values spirituality and personal development
- She recommends books on money mindset and mental clarity
- Keeley aims to learn golf or tennis for business networking
[00:32:14 - 00:35:00] Defining Success and Making an Impact Key Takeaways:
- Success for Keeley means having a positive impact on family and clients
- Financial success is seen as a tool for creating broader impact
- Keeley measures success by how people feel after interacting with her
Connect with Keeley:
https://www.keeleyhubbard.com/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
Tweetable Quote:
"I truly believe to have an impact in life. You need to make a bunch of money. Like how can you make an impact on people if you're not yourself financially free and wealthy and money's flowing through you." - Keeley Hubbard
"We want you to come out to the vineyards. We gave an investor a full day tour a couple of weeks ago and that was a ton of fun. But we just want them to, for it to not just be another investment, for them to really buy into the process of growing grapes." - Keeley Hubbard
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How can immigrant entrepreneurs leverage their unique experiences to build generational wealth through real estate?
In this episode, Yonah sits down with Bryan Escudero, a first-generation American whose parents immigrated from Colombia. Bryan dives into the challenges and triumphs of navigating the real estate world as a first-generation investor, highlighting the importance of education, strategic partnerships, and the role of cultural background in shaping financial decisions. Bryan’s insights offer valuable lessons for anyone looking to make their money work for them, especially those from immigrant backgrounds.
[00:01 - 06:08] The Power of Family and Community
- The quality of relationships, not just financial gain
- The importance of a strong family bond for professional achievements
- What can drive success in business ventures
[06:09 - 12:02] First-Generation Success in Real Estate
- Why financial education is crucial for first-generation investors
- A tangible path to wealth creation beyond traditional savings methods
- The immigrant mindset of hard work
[12:03 - 18:12] Balancing a Corporate Career with Real Estate Ambitions
- The freedom to be selective with real estate deals
- How to maintain a fulfilling corporate career while building a real estate portfolio
- The role of strategic time management and partnership
[18:13 - 24:56] Overcoming Cultural Barriers in Real Estate
- The lack of financial information available in languages other than English
- Why immigrants face hurdles in accessing reliable investment information
- Providing trustworthy resources is crucial for empowering first-gen investors
[24:57 - 30:33] Focus and Discipline in Real Estate Investing
- Avoiding "shiny object syndrome" is key to long-term success in real estate
- What can help investors focus and achieve investment goals
- The importance of staying true to your mission and goals
Connect with Bryan:
Website: www.firstgenfoundations.com
LinkedIn: https://www.linkedin.com/in/bryan-escudero/
Instagram: https://www.instagram.com/firstgenfoundations/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
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Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Success means nothing to me if I'm not bringing people along with me." - Bryan Escudero
"You don’t have to do all the work yourself; learning to delegate and build a strong team is essential." – Bryan Escu
What if you could achieve financial freedom and more time with your loved ones while still pursuing the career you love?
Today, Dr. Calvin Lowe discloses his journey of balancing a demanding medical career with a passion for real estate. From learning the ropes in multifamily investing to educating fellow healthcare professionals on financial literacy, Dr. Calvin’s story is a testament to the power of perseverance, relationships, and strategic investing. He delves into the importance of family, the challenges of the medical profession, and how real estate has provided a new avenue for growth and stability.
[00:01 - 06:00] From Medicine to Multifamily
- From a full-time physician to a real estate investor
- The grind of the medical profession and its impact on family time
- The transition into multifamily investing for better work-life balance
[06:01 - 12:23] Financial Literacy in Medicine
- The lack of financial education in medical training
- Dr. Lowe’s mission to teach financial literacy to healthcare professionals
- The unique challenges faced by female healthcare professionals
[12:24 - 18:09] Exploring New Investment Avenues
- Dr. Lowe’s interest in diversifying into oil, gas, and precious metals
- The importance of education before entering new investment classes
- How real estate provided a foundation for exploring other investment opportunities
[18:10 - 24:25] Family First: The Philosophy Behind PEACEquity
- The story behind the name of Dr. Lowe’s investment company
- How family values drive his business philosophy
- The importance of generational wealth and peace of mind
[24:26 - 29:14] The Power of Networking and Local Meetups
- Dr. Lowe’s involvement in the Passive Income Club
- The value of networking and continuous education in real estate
- How local meetups can provide support and knowledge-sharing opportunities
Connect with Calvin:
LinkedIn: https://www.linkedin.com/in/calvin-lowe-17035410/
Instagram: https://www.instagram.com/peacequity/
Facebook: https://www.facebook.com/profile.php?id=61556670028846
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quote:
"Success to me is not just about the financials; it’s about leaving a legacy and having the freedom to spend quality time with the people I love." - Calvin Lowe
What strategies can multifamily investors use to navigate market fluctuations and ensure long-term success? This week, Andrew Cushman discusses the intricacies of asset management and investment strategies. He shares his journey from a chemical engineer to a successful real estate investor, emphasizing the importance of managing assets effectively to maximize returns. They dive into the current state of the multifamily market, exploring how different asset classes and regions are performing. Andrew also provides insights into his conservative underwriting approach and the significance of fixed-rate debt in uncertain economic times.
[00:01 - 07:25] The Journey Begins
- Transition from chemical engineering to real estate
- Importance of a supportive business partner
- Early challenges and lessons in house flipping
[07:26 - 14:49] Multifamily Market Insights
- The bifurcated state of the multifamily market
- Impact of market cycles on rental income
- Regional differences in market performance
[14:50 - 21:39] Conservative Underwriting Explained
- Definition and importance of conservative underwriting
- Examples of conservative assumptions in real estate deals
- How to mitigate risks through conservative strategies
[21:40 - 28.43] Asset Management Mastery
- Critical role of asset management in real estate success
- Strategies for effective property management
- The importance of hands-on involvement in managing properties
[28:44 - 34:42] Future of Real Estate and Interest Rates
- Predictions on interest rate trends
- The significance of fixed-rate loans in uncertain times
- Preparing for future market opportunities
Connect with Andrew:
Website: https://www.vpacq.com/
LinkedIn: www.linkedin.com/in/andrewcushmanvpa
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"My philosophy is live where you love to live and invest where the returns are the best." - Andrew Cushman
"When you're investing, don't make your investment completely contingent on the market or any other outcome going one way." - Andrew Cushman
"The most important thing in making money in multifamily is asset management." - Andrew Cushman
How can you turn a childhood game into a real-life financial education tool for your kids?
In this episode, Yonah welcomes Alpesh Parmar, a real estate investor and author, to discuss the innovative ways he is educating his children about finance through engaging games and real-life lessons. Alpesh shares his journey from working in IT to becoming a full-time real estate investor and how he has used his experiences to teach his kids important financial principles. They delve into his book, "Growing the Money Tree," which simplifies complex financial concepts for children, making it accessible and fun. The conversation also touches on the importance of diversifying income streams, balancing professional and personal life, and the future of financial education.
[00:01 - 06:07] Introduction and Background
Importance of early financial education
Real estate as a sustainable income source
Alpesh's transition from IT to real estate
[06:08 - 12:06] Growing the Money Tree
The role of games in financial education
Simplifying financial concepts for children
The significance of involving kids in real-life financial activities
[12:07 - 18:01] Key Financial Principles for Kids
The necessity of multiple income streams
Understanding the basics of stocks, real estate, and cryptocurrencies
The importance of saving and investing early
[18:02 - 24:14] Balancing Business and Family Life
Leveraging early mornings for productivity
Delegating tasks to focus on high-impact activities
Teaching kids through practical examples and real-life experiences
[24:15 - 30:55] The Future of Financial Education
The importance of adapting to technological advancements
Creating accessible financial education resources for the next generation
Continuous learning and adapting to new financial tools and methods
Connect with Alpesh:
YouTube: https://www.youtube.com/channel/UCcaj1JEzA8WyLYXeraZHfWQ
Facebook:https://www.facebook.com/Growingthemoneytree
Instagram: https://www.instagram.com/growingthemoneytreebook/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"You may have to work W2 when you start, but you have to start thinking about saving and investing right away." - Alpesh Parmar
"The principles are simple: don’t just think about a job; think about how you can create multiple streams of income." - Alpesh Parmar
In what ways does technology transform your approach to real estate capital raising and investor relations?
In this episode of Weiss Advice, Marisa Amirian, the founder of Cap Bloom discusses the intersection of technology and capital raising in the real estate sector. Marisa shares her journey from a tech-savvy professional in web development to a pioneer in capital-raising solutions. She delves into the importance of automation, data-driven strategies, and effective communication to streamline investor relations and enhance business efficiency. This conversation offers a deep dive into how leveraging technology can transform traditional practices in real estate investments.
[00:01 - 06:28] Meeting Marisa Amirian
- Marisa's background in technology and real estate
- Marisa’s transition from corporate law to freelancing in marketing and tech
- Founding Cap Bloom to provide tech solutions for capital raising
[06:29 - 12:25] The Role of Technology in Capital Raising
- Integrating technology into real estate investments
- Importance of automation in managing investor relations
- Customizing tech solutions for capital raisers
[12:26 - 18:19] Understanding and Implementing Automation
- Different types of automation and their applications
- How automation can enhance data management and investor communication
- Real-world examples of successful automation implementation
[18:20 - 23:37] Balancing Technology and Personal Interaction
- The necessity of maintaining personal relationships with investors
- Using technology to enhance, not replace, human interaction
- Strategies for integrating automation with personal touchpoints
[23:38 - 27:50] Leveraging Social Media and AI in Business
- Marisa’s experience with LinkedIn and its impact on her business
- The potential of AI in content creation and investor communication
- Future prospects of integrating AI into capital raising processes
Connect with Marisa:
Website: https://www.capbloom.com/
LinkedIn: https://www.linkedin.com/in/marisaamirian/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"The name of the game right now is using any technology that you can use to make your life easier because everyone's doing it." - Marisa Amirian
Not communicating and not adding value are probably the worst things you can do in capital raising." - Marisa Amirian
What fundamental truths about real estate are often overlooked by beginners and experts alike?
Today, Dan Fradenburgh, a multifaceted entrepreneur with a rich background in digital security and real estate, shares his unconventional journey into the real estate sector, emphasizing the ethical considerations and vulnerabilities within the industry. He discusses the importance of attention to detail, the benefits of commercial over residential real estate, and how his digital expertise has shaped his approach to real estate investments. Dan's insights are invaluable for anyone looking to understand the complexities and ethical dimensions of real estate.
[00:01 - 07:23] The Ethical Dilemma of Real Estate
- Real estate's perception as a scam
- The ethical contrast between residential and commercial real estate
- The importance of understanding industry vulnerabilities
[07:24 - 14:10] Dan's Unconventional Path to Real Estate
- Dan's background in digital security and marketing
- Transitioning from tech to real estate
- The role of CRM funnels in his career shift
[14:11 - 21:17] Figure It Out: The Attention to Detail
- Dan's book "FIGGERRIDOUT"
- The significance of attention to detail in tech and real estate
- Challenges in cultivating attention to detail
[21:18 - 28:00] Building Relationships Through Podcasting
- The benefits of networking via podcasts
- Creating valuable content and relationships
- Insights from hosting and guesting on multiple podcasts
[28:01 - 34:51] The Art of Lending in Real Estate
- Transitioning to the lending side of real estate
- Understanding arbitrage and its benefits
- The importance of choosing trustworthy borrowers
Connect with Dan:
Website: https://realestateisascam.com/
https://dandoesdeals.com/
LinkedIn: https://www.linkedin.com/in/dan-fradenburgh/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"Real estate is often seen as a scam, but understanding its vulnerabilities can turn it into a secure investment." - Dan Fradenburgh
"Networking through podcasts opens doors to new opportunities and invaluable relationships." - Dan Fradenburgh
How can you leverage community-driven real estate investments to achieve financial freedom and mitigate risks?
In this episode, Yonah sits down with real estate investor Brian Davis to share his journey from a hard money lender to co-founding Spark Rental. Brian delves into his early missteps, the impact of the 2008 financial crisis, and his eventual pivot to passive real estate investments and syndications. He reveals the intricacies of managing an investment club that democratizes access to high-return real estate deals, providing valuable lessons on financial independence, diversification, and the power of community in investing.
[00:01 - 07:14] The Accidental Investor
- Starting a career in real estate with no prior knowledge
- Hard money lending provided Brian with insights into real estate investing
- The mid-2000s real estate boom
[07:15 - 14:12] A Real Estate Wake-Up Call
- What can lead to negative cash flow during economic downturns
- Why Brian was forced to rethink his investment strategies
- Pivoting to a job with an e-commerce company helped Brian learn new skills
[14:13 - 21:16] From Landlord to Investor
- Selling off non-performing properties can be a strategic move
- Transitioning to teaching real estate investing and property management
- Realizing the need for passive investment strategies and co-investing
[21:17 - 28:06] The Birth of Spark Rental
- Building an investment club to democratize access to real estate syndications
- Emphasizing inclusivity by accepting non-accredited investors
- Leveraging community knowledge for better investment decisions
[28:07 - 35:29] Living Abroad and Investing at Home
- Pros and cons of living overseas while running a U.S.-based business
- The importance of maintaining industry connections
- Balancing personal life and business in a foreign country
Connect with Brian:
LinkedIn: https://www.linkedin.com/in/g-brian-davis
Email: brian@sparkrental.com
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"We believe everyone should have the opportunity to invest and grow their wealth."- Brian Davis
"Investing as part of a community allows you to benefit from the collective experience and insights of the entire group." - Brian Davis
How can understanding tenant dynamics transform the profitability and management of multifamily properties?
In this episode, Rena Myers, a seasoned multifamily property management expert, discloses her journey from working with a rapidly growing property management company to managing thousands of apartments across different states. She delves into the four pillars of multifamily profitability and provides practical insights on optimizing rent, increasing occupancy, reducing delinquency, and controlling operational expenses. This episode is packed with valuable advice for anyone involved in or aspiring to join the multifamily real estate industry.
[00:01 - 07:02] The Beginning of Rena's Journey
- The start with a growing property management company
- Learning and growth through hands-on experience
- Transition to managing third-party properties
[07:03 - 14:45] Handling a Mixed-Use Property
- Managing a property with diverse tenant demographics
- Challenges and strategies in a college community
- Turning around a financially struggling property
[14:44 - 21:47] The Four Pillars of Multifamily Profitability
- Optimizing rent and increasing occupancy
- Reducing delinquency and controlling operational expenses
- Importance of balancing occupancy and delinquency rates
[21:48 - 29:05] Marketing and Technology in Property Management
- Utilizing Facebook Marketplace and Google reviews
- The role of social media in attracting tenants
- Challenges and benefits of using AI in leasing
[09:06 - 37:38] Tailoring Amenities and Tenant Events
- Customizing amenities to tenant demographics
- Organizing tenant events to build community
- Importance of tenant-centric management
Connect with Rena:
LinkedIn: https://www.linkedin.com/in/rena-myers/
LEAVE A 5-STAR REVIEW by clicking this link.
WHERE CAN I LEARN MORE?
Be sure to follow me on the below platforms:
Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.
None of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.
Tweetable Quotes:
"If you don't have health, you don't have anything." – Rena Myers
"Optimizing rent and increasing occupancy are fundamental, but they must go hand in hand with reducing delinquency and controlling operational expenses." – Rena Myers
The Power of Market Intelligence in Real Estate with Adam Dunn
36:41
Twitter: An Unexpected Game Changer for One Lawyer with Michael Huseby
29:25
Choosing the Right Real Estate Investment Opportunities with K. Trevor Thompson
32:27
Seeking Impact Through Multifamily Investing with Manny Juarez
33:22
Smart Money Strategies in Real Estate with Mike Zlotnik
41:51
How AI is Transforming the Real Estate Industry with Vanessa Alfaro
38:22
How to Craft A Life Of Freedom & Fulfillment with Mike & Ligia Deaton
37:46
Common Pitfalls That Limit Investing Ability with Brenna Carles
39:43
Strategic Tax Planning for Investors with Ashish Acharya
39:42
A 22-Year-Old's Playbook for Young Investors with Jabbar Adesada
39:30
Becoming a 10x Giver Through Real Estate with Nick Stromwall
32:42
From X Games to Real Estate Gains with Greg Lutzka
39:35
Creative Financing & Mindset Shifts for Success with Ify Asoh
35:05
Raising a Family and Multifamily Portfolio with Kimberly McCall
35:04
The Intersection of Business and Community with Denise O'Reilly
33:21
Building Equity, Building Community with Kevin Dugan
29:53
Growing a Legacy: The Business of Vineyard Investment with Keeley Hubbard
35:27
First-Gen Financial Freedom: Bryan Escudero’s Journey
30:33
Achieving Work-Life Balance Through Real Estate with Calvin Lowe
29:14
Market Strategies for Multifamily Investors with Andrew Cushman
34:42
Growing the Money Tree with Alpesh Parmar
30:56
Building a Tech-Driven Real Estate Business with Marisa Amirian
27:50
Real Estate is a SCAM with Dan Fradenburgh
34:51
The Power of Collective Investment: Insights from Brian Davis
35:29
The Four Pillars of Multifamily Profitability with Rena Myers
37:38