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Sam Newell
"I believe that buying large, multi-family investment properties is the only way to build a recession-proof real estate portfolio for passive income that will allow you to thrive in any downturn."
Have you every heard of someone who “Lost it All” in the last recession?
Worried about the RISK and HEADACHE so commonly connected with owning rentals? Don’t know who to trust or where to start?
Maybe you’re Looking to build a portfolio that provides a passive income large enough for you to retire AND pay for your child’s education?
I have done it all and will guide you through all the real estate hype for a secure and “for sure” way to invest for large gains.
My show is here to help you navigate the choppy waters of real estate investing and give you the steps you need to be home with family and phase out of your 9-5 career.
049: Scott Krone | Why Self-Storage Facilities are Recession Resistant
Scott Krone is the Founder of CODA Management based in Chicago, IL. They partner with investors to find and convert warehouses and office buildings into climate-controlled, self-storage facilities. CODA has over 47 syndications and 400,000 sq. ft with 2,750 storage units under management.Today, Scott shares where he finds opportunities, his criteria, and tips for working with local officials.[00:01 – 07:10] Opening SegmentI introduce and welcome our guest, Scott KroneMistakes people make when buying distressed real estate properties or any type of real estate in generalHow to find deals below the market priceFinding distressed real estate assetsHow to identify if a distressed asset is worth buying[07:11 – 22:06] Self-Storage FacilitiesScott talks about how they generate income through their self-storage facilitiesHe shares how he discovered the opportunities in self-storage facilitiesSelf-storage’s recession-resistant capabilities[22:07 – 25:43] Generating Income vs. Building WealthThe misconceptions that real estate is a “get rich quick scheme”We talk about “generating income vs. building wealth”[25:44 – 42:29] Self-Storage Facilities (Continued)What type of actual shell or type of building has performed better for you?Scott shares the process of converting assets into storagesWhy self-storages are essential[42:30 – 51:33] Opportunity ZonesScott talks about opportunity zonesScott’s advice on opportunity zonesScott shares a story from when he visited Singapore[51:34 – 56:55] Closing SegmentScott talks about his “why?”Scott’s final thoughts and words of wisdom for the listenersGet in touch with Scott. See the links below. Tweetable Quotes:“Everything is for sale at the right price.” – Scott Krone“The best time to sell is when you don’t have to. You have the most leverage cause you can just walk away from the offer.” – Scott Krone Get in touch with Scott through LinkedIn or their website https://www.codamg.com/ Subscribe to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: LinkedIn, Facebook, Instagram, and YouTubeTune In and Become Recession Proof!
56:5605/02/2021
048: Jose Luiz Morales | Opportunities Come When You Put in the Effort
Jose Luiz Morales started his real estate career by acquiring his license in 2010 and diving into the market in 2011. Jose founded the Morales Real Estate Group, and they are the #1 realtors in Ventura County. He is also an agent under RE/MAX Gold Coast since 2016. Jose believes that in every market, there is an opportunity. You just have to have the right mindset and look at where sometimes people don’t see opportunities. [00:01 – 10:08] Opening SegmentJose talks about his real estate backgroundHe shares about his goalsJose shares the story of acquiring his dream apartment complex[10:09 – 21:34] Apartment ComplexesJose talks about his plans for the apartment complexExpanding and his visions for his career[21:35 – 28:30] Conquering the PandemicJose talks about his real estate businessThe mindset shiftsThe current state amidst the pandemic[28:31 – 36:43] Closing SegmentA day in the life of JoseHe shares about his daily routine.Jose talks about his family.Get in touch with Jose. See the links below.Final thoughts Tweetable Quotes:“For people that think that there’s no opportunity in their market, I would say that sometimes it’s a mindset thing and just kind of like looking and seeing opportunities sometimes where others don’t see opportunity.” – Jose L. Morales Resources Mentioned:Mike Ferry CoachingCrushing It in Apartments and Commercial Real Estate by Brian MurrayMultifamily Millions by David Lindahl Follow Jose on Instagram @joseluizmorales Subscribe to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: LinkedIn, Facebook, Instagram, and YouTubeTune In and Become Recession Proof!
36:4308/01/2021
047: Scott Barrus | The Fly Fishing Experience
Join us for a special episode as we bring in our guest, Scott Barrus, owner of the Spinner Fall Guide Service, a fly fishing service in the Green River. Today’s topic is all about fly fishing with a touch of entrepreneurship. Hear why the Green River is one of the top amazing fishing destinations on the west coast, and stay tuned as Scott walks us through the fly fishing experience.[00:01 – 03:45] Opening SegmentScott talks about his background and his business, Spinner Fall Guide ServiceBeen a fly fishing guide since 1999Fly fishing service in the green river[03:46 – 08:42] The Green RiverThe Green River - one of the top Trout fishing rivers on the west coastScott talks about the beauty of the Green River and why they have continued to fish there for 20 years[08:43 – 19:39] The Fly Fishing ExperienceScott shares how he got into fly fishing.Growing up in a family of fishersScott talks about his first fly fishing trip in the Green River.Are you interested in booking a fly fishing trip? Hear Scott’s tips for you!What to expect in a fly fishing trip with the Spinner Fall Guides[19:40 – 24:59] Closing SegmentResuming their business after the Corona Virus hitThe best time to book a fly fishing tripFinal thoughts and other fly fishing tips from ScottTweetable Quotes:“I grew up fishing out as a kid --- and since I was 3 years old, fishing has been my favorite thing to do.” – Scott BarrusBook your fly fishing trip with Spinner Fall Guide Service, visit their website at https://www.spinnerfall.com/ or call them at 877-811-FISHSubscribe to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: LinkedIn, Facebook, Instagram, and YouTubeTune In and Become Recession Proof!
24:5908/12/2020
046: Anna Kelley | Learn Resilience and Creativity with the ReiMom
Anna Kelley started her real estate journey by buying and doing their first flip together with her husband. After that first flip, they decided to stop doing flips and focused on rental properties. While having a full-time job and with her husband starting his chiropractic business, Anna slowly built up their real estate portfolio on the side. Fast-forward, she finally pulled the trigger and retired from her 9 to 5 job to fully commit to real estate investing. Today, Anna is called the ReiMom, a Real Estate Investor, Mom, Speaker, Coach, Mentor, and Syndicator.[00:01- 12:32] Anna’s StoryAnna talks about her background and shares their family’s story.How they got started in real estateThe transition from her 9 to 5 jobAnna talks about the first flip they madeWhy her husband said, “no more flips.” Moving to Pennsylvania[12:33 – 32:20] Become Recession ProofThe 2008 Recession – how it affected AnnaBuying her first 4-plex with her income at risk during the 2008 recessionAnna talks about her struggles during the recessionLearning resilience, creativity, and never taking NO for an answerTrying to create cash with no moneyLearning through their experiences during the recession and becoming recession-proofAnna talks about the lessons she learned and shares tips you can use[32:20 – 48:36] RetirementBuilding up her portfolio and retiring from her 9 to 5 jobAnna shares the process of focusing on her family and real estate careerWould you suggest to someone to start with a duplex or 4-plex or bigger complexes?Anna weighs in on doing deals with partners and syndicationsIt doesn’t make sense on doing small dealsCreating generational wealthWhat is the right size for your first deal?[48:37 – 59:49] Closing SegmentHaving a recession resilient, recession-proof portfolioHow they’re managing through the COVID pandemicFinal thoughts for the listeners:“This is the time to really get educated.”Connect with Anna. See the links below. Tweetable Quotes:“Location, location, location is really important.” – Anna Kelley“You have to balance your risk tolerance with the risk of using up your cash and what if something happens.” – Anna Kelley“Align yourself with people that do have grit and money and creativity.” – Anna Kelley“My best advice in getting through a recession is just learn, do it. Jump over the hurdles and align yourself with really good people that can get you where you need to go.” – Anna Kelley You can connect with Anna and join her coaching program by sending her an email at [email protected] or visiting her website https://reimom.com/. Subscribe to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: <a href="https://www.linkedin.com/in/sam-newell-70336642"...
59:4904/12/2020
045: Powell Chee | Scale Yourself and Your Business
Powell Chee is a real estate investor and multifamily syndicator partnering with interested investors who are focused on acquiring cash-flowing properties and forcing short term appreciation.Powell specializes in multifamily syndications with experience and skills in portfolio strategy, market & property analysis, long-distance acquisitions, asset management, network management, selective financing, and raising capital. In Los Angeles, he leads the fast-growing multifamily meetup group, the MultiFamilyMasters.com[00:01 – 12:23] Powell’s Real Estate JourneyPowell talks about his real estate backgroundBuying his first apartment in IndianapolisThe power of expanding your network and partnering with peopleScalabilityThe THREE major components of a syndicationAcquisitionRaising CapitalAsset ManagementFiguring out what you’re good and bad at[12:24 – 25:27] Juggling Through JobsPowell talks about how he is managing to have a full-time job while investing in real estate.Powell shares the mistakes he made throughout his journey. Listen and learn from his mistakes!What is “Secret Shopping Properties?”[25:28 – 33:12] Moving Up the LadderAre you interested in investing in bigger unit properties and don’t know where to start? Here are Powell’s tips and advice for you!Find strategic partnersEducating yourself[33:13 – 39:34] Closing SegmentPowell talks about his 15-year-old selfWe talk about Grant Cardone’s book, Sell or Be Sold.Final thoughts Tweetable Quotes:“Scaling is just gonna be partnering with the right people who are skilled in other facets. And then you let them really drive that part of it, and you yourself drive what you’re good at.” – Powell Chee“Everybody has this kind of a distinct advantage of what can make them be successful –- you just got to find that whatever it is in your job that helps you be successful and use that moving forward.” – Powell Chee Interested in joining Powell’s meetup? Visit their website https://multifamilymasters.com/ now! You can also send him an email at [email protected] to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: LinkedIn, Facebook, Instagram, and YouTubeTune In and Become Recession...
39:3501/12/2020
044: Mo Bina | Create Generational Wealth Through Commercial Real Estate
Mo Bina is the Managing Principal and Founder of High-Rise Capital. He set up his company to help clients invest in passive income opportunities. He loves helping others learn about commercial real estate and how this unique asset class can help them reach financial freedom and create generational wealth. He and the Team at High-Rise Capital provide investors with strategic and innovative educational content. High-Rise Capital was founded to help clients generate passive income and grow their wealth through commercial real estate investments. These investments have many attractive benefits, such as higher returns and lower volatility as compared to stocks, bonds, and REITs. In addition, investments in commercial real estate have other advantages such as tax benefits, inflation hedge, appreciation, and principal pay down. For these reasons, the Team at High-Rise Capital is excited to educate people about commercial real estate and how this unique asset class can help them obtain financial freedom and create generational wealth.[00:01- 14:27] Sam’s journeyProviding quality, affordable homesSam talks about his current real estate venturesPeople deserve to have a safe, clean, and functional homeWhen you’re investing, you have to do your homework and understand what you’re buying.[14:28 – 27:45] Assisted LivingSam talks about investing in assisted livingWhat is assisted living?Choosing between ‘smart’ or ‘hard-working’ peopleSam talks about what type of people you should be working and partnering with.[27:46 - 37:41] Closing SegmentLooking at deals with a 5 to 7-year horizon and real estate being an illiquid assetEducating and helping other people understand commercial real estateLaunching High-Rise Capital. Visit their website now, and get a free copy of his eBook! Tweetable Quotes:“At some point, people are going somewhere. So, when they go somewhere, that’s gonna create a need for housing. It’s gonna create a need for what we call shelter on a basic level. They deserve to have safe, clean, and functional homes to live in.” – Mo Bina“Everyone wants to have talent, and some people have, you know, are gifted in terms of being able to pick up certain things faster than others. But you know, working hard and having a good work ethic can make up for a lot or in fact more than a lot.” – Mo Bina You can connect with Mo on their website, https://www.high-risecapital.com/. Grab a copy of his eBook, “More Doors, More Profits” at https://www.high-risecapital.com/resources-index. Subscribe to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: LinkedIn, Facebook, Instagram, and <a...
37:4127/11/2020
043: Hans Struzyna | Invest While You're Young
Hans Struzyna grew up in the Seattle area and is one of the nation’s most accomplished rowers. He’s the very definition of a team player: He competed as a Team USA athlete at the 2016 Olympic Games in Rio de Janeiro, Brazil, earned a spot on the national US Rowing team (representing it at the 2013 and 2015 World Championships), and was a two-time collegiate National Champion with the University of Washington. There he earned a BA in Business and focused on entrepreneurship. Through rowing, he has traveled extensively in Europe and Asia, although now he makes his home in Alameda.[00:01 – 10:09] Hans’ JourneyHan’s talks about his backgroundLicensed Realtor for The Gunderman GroupHis life before getting his real estate licenseA part of the US Rowing Team from 2011-2016The Rowing Experience – Hans shares what rowing is all about from a rower’s perspectiveTransitioning to Real EstateApplying the work ethics and leveraging the skills he learned from competitive rowing[10:10 – 20:48] The Gunderman GroupWorking for one of the very successful real estate teams in Oakland, CALeaning more into Luxury home buyersWhat’s keeping clients in the Bay Area from investing out of state?[20:49 – 32:42] Invest While You’re YoungHans talks about his personal investment goalsReal estate investment options in the Bay AreaHans shares some real estate investing tips and strategies he uses[32:43 – 40:52] Helping Other People OutSam shares about working on and recording a series about how to analyze a deal. Stay tuned, and don’t forget to subscribe to the podcast for updates!Hans shares resources that would be useful to educate yourself about large multifamily propertiesBuilding your network[40:53 – 46:05] Closing SegmentHans talks about the specific areas he covers. Are you living in the areas he mentioned or interested in investing with him? Contact him now! See the links below for his contact info.Current investment opportunities Hans is excited about in the bay area.Final thoughts for the listeners Tweetable Quotes:“Contacts don’t always equal to contracts.” – Hans Struzyna“I think building out that network is probably your fastest way to get to the education and get to where you want. Because if that person can’t help you or doesn’t know the answer, then they’re probably gonna point you in the direction of someone else that they know, especially if you came at them at a really positive value-adding way in the first place.” – Hans Struzyna “Find out where you’re good at and figure at where [the] intersection of your passion and your unique abilities lie. And use that as a way to leverage yourself into conversations.” – Hans Struzyna Resources Mentioned:Resimercial AgentsGrant CardoneTravis Chappell Connect with Hans on Instagram, shoot him an email at [email protected], or visit his website<a...
46:0624/11/2020
042: Eli and Lacy Stevens | Making Sacrifices for the Delayed Gratification
Eli and Lacy Stevens are partners in life and business. Eli is an investor who started as an amateur and slowly picked his way into the more professional realm while also having his career on the side as a software engineer. Lacy is a real estate agent and investor at Keller Williams South Valley. Lacy has a diverse background, including advertising, marketing, merchandising, managing, employee training, real estate, property management, and teaching.Eli and Lacy have built an impressive rental property portfolio here in Utah and have an impressive passive income stream. Lace and Eli are a great example of buying early with developers and achieving great equity growth and high returns. Their investing strategies are a great example of how amazing real estate investing can be and how financially rewarding it is if you buy right.[00:01 – 27:30] Eli and Lacy’s JourneyEli and Lacy talk about their backgrounds and how their journey beganLive a life people won’t so you can live a life people can’t later.Hope for the best and plan for the worstEli and Lacy talks about the sacrifices they had to make to reach where they are today[27:31 – 37:25] Lessons LearnedEli talks about the mistakes and failed investments they made that taught them valuable lessons.Lacy shares why you don’t have to rush into filling up vacancies in your apartmentDo your due diligence in researching your applicants' backgrounds[37:26 – 53:51] Become Recession ProofEli and Lacy weighs in on the current state of the marketHear Eli and Lacy’s tips on how you can become recession-proofLeveraging the best builders in Utah, Edge Homes[53:52 – 1:01:29] Closing SegmentEli and Lacy shares their opinion on what are the current best deals in UtahFinal thoughtsConnect with Eli and Lacy. See the links below. Tweetable Quotes:“Real estate is always just been this thing for me that it’s like, it feels like more secure than other things that I’ve done.” – Eli Stevens“In my opinion, [real estate] is not this get rich quick – it’s more of like, let’s get rich slow.” – Eli StevensResources Mentioned:Keller Williams RealtyEdge HomesPatterson HomesFourplex Investment Group You can connect with Eli and Lacy on LinkedIn.Subscribe to the podcast on Apple, Spotify, and Google.Follow me on the following platforms: LinkedIn, Facebook, <a href="https://www.instagram.com/samnewellrealestate/" rel="noopener noreferrer"...
01:01:2920/11/2020
041: Ed Kaminsky | Building a Million Dollar Business and Mindset
I first met Ed Kaminsky when I started with Mike Ferry Coaching. Ed Kaminsky is the president/founder of Kaminsky Real Estate Group. Ed is the president/founder of Sportstar Relocation. He is also the president/co-founder of Premiere Estates Auction Company and the president of Converse Development. In today’s episode, listen and learn Ed’s secret to how he built his million-dollar businesses. We talk about the skills, resources, network, mindset, and other factors involved in reaching his success.[00:01 – 10:39] Who is Ed Kaminsky?Ed shares his story, how it all began, and what it took to reach where he is nowGrew up in a poor familyFinding a source of income, he got his first sales job when he was 7Shares the first business lesson he learnedOrdered his first real estate course and got his license in the ’80s[10:40 – 17:22] What it Takes to be in the Real Estate BusinessEd walks us through the real estate businessThe foundation of what it takes to be in the real estate businessShares his experience doing cold knocking[17:23 – 28:43] How to Become a Top ProducerEd shares what it takes to become a top-producing real estate agentThe principles needed[28:44 – 37:59] Building a Million Dollar BusinessEd walks us through his journey to building his million-dollar businessEd talks about Procure Tomorrow and Sportstar RelocationBringing financial wellness to medical professionals and athletes[38:00 – 50:50] Become Recession ProofI talk about the inspiration behind the podcastEd takes us back to the 2008 recession2008 vs. 2020The trends in the market during the COVID pandemic[50:50 – 54:36] Closing SegmentFinal thoughtsConnect with Ed. See the links below. Tweetable Quotes:“I knew when I was young that I didn’t like not being able to buy something that I wanted.” – Ed Kaminsky“The real estate business is one thing and one thing only. It is finding somebody who wants to buy or sell a home and then convince them to work with you.” – Ed Kaminsky Resources Mentioned:Mike Ferry Coaching You can connect with Ed on https://www.itzsold.com/. Follow the Kaminsky Real Estate Group on Instagram, Facebook, Twitter, and LinkedIn. Give him a call, 310-427-2414. Send him an email at [email protected] to the podcast on Apple, Spotify, and
54:3713/11/2020
040: Michael Young | Million Dollar Producer and Multifamily Investor
Michael Young started grinding hard during his college years and learned to take over the family business while also selling real estate full time at a high level. Michael and his father did extremely well building and developing mobile home parks in Northern California. Michael used this experience as a stepping stone to building his empire to what it is now today, a thriving real estate sales business in the North San Francisco Bay area, and multi million dollar multifamily rental property firm with 500+ doors.[00:01 - 12:23] Who is Michael Young?Michael shares his story, how it all began and what it took to reach where he is now.Took over the family business when he was still in college after his father fell ill. Getting his broker's license and parting from his family to venture on his own, and transitioning from commercial to residential real estate. [12:24 - 17:20] Mike Ferry CoachingMichael talks about what makes Mike Ferry Coaching standout from other real estate coachings, why it is the best real estate training bar-none, and how it helped him push his limits to new heights.[17:21 - 21:59] How To Become a Top Producing RealtorMichael shares tips on how to become a top producing realtor: Learn scripts and make them a part of you, Have a strong schedule, Learn the objection handlers and the listing presentation, Have a simple, strong, held-accountable goals, and always focus on Prospecting. Michael talks about his investing goals and his vision for his business.[22:00 - 37:49] Multifamily Real EstateWhat to expect from a mobile home park run by Michael. Realizations the pandemic is opening our eyes to. Multifamily real estate as an investing vehicle: Cash Flow Tax benefits Leverage Depreciation Michael talks about cost segregation. [37:50 - 48:03] Become Recession ProofAlways perform a Stress Test on a deal The advantages of stress tests How to become recession proof What do you think are the biggest mistakes investors and realtors made in the 2008 recession?Greed and lack of financial IQ Michael talks about his anti-recession routine and principles.[48:04 - 51:22] Closing SegmentFinal thoughts Connect with Michael online. See the links below.Tweetable Quotes:"I knew once I had a system, then I could run with it." - Michael Young"It's not meant for everybody. In fact, 95% of the agents in the country should probably be getting a regular job." - Michael Young"I know that there are always going to be good deals. There's always going to be opportunity. And as long as you are in the game, you'll score." - Michael Young
51:2206/11/2020
039: Dave Childers | How to Enhance Your Property
Dave Childers founded Residential Investment Advisors in 2011. During his years as a real estate agent he realized an opportunity in the industry to work with small, private investors in the purchase and sale (aka P&S) of multifamily properties in Middle Tennessee. Dave (aka David Childers) has significant experience in many areas of the commercial/residential real estate industry. Highlights of his experience includes facilitating financing for multifamily properties, commercial ownership, and management of investment real estate. He has brokered millions in multifamily properties and he's looked upon as a professional resource for investors, bankers, and appraisers.On This Episode:Sam and Dave chat about their affinity for off-roading.Dave breaks down where he was during the 2008 recession.Learn about investing in multi-family as opposed to duplexes and fourplexes.Find out how to handle evictions.Dave shares the cash for key method.Key Takeaways:Find where you fit in the market and the identity of your property.Don’t over-improve or under-improve your property.Analyze properties by secret shopping.
57:3511/09/2020
038: Anton Mattli | How to Find the Right Multi-Family Loan
PEAK Multifamily Funding's co-founder and CEO, Anton W. Mattli, has decades of experience in commercial and investment banking, private equity, and commercial real estate. After graduating from Zurich Business School in banking and finance, he held senior management positions at major financial institutions in New York, Tokyo, Hong Kong, and Zurich. During that time, Anton was heading a bank branch, managed cross-border teams, financed and restructured commercial real estate worth several billion U.S. Dollars, and oversaw loan portfolios consisting of aircraft and ocean transport vessels. Anton also directed the structuring of complex cross-border commodity and trade finance transactions for Fortune 500 companies.Over the last 15 years, Anton has been advising family offices, high net worth individuals, as well as private investment funds, facilitating their direct investments in commercial real estate across Europe and the United States, including several hundred million dollars in multifamily developments and acquisitions.Outside the office, Anton enjoys spending time with his family and is involved in various community and charity work. When not helping one of his clients with a multifamily financing, you will find him hunting down the best powder for skiing in the Rockies. Anton is fluent in English and German.On This Episode:Find out how multi-family lending has been impacted by COVID.Hear why taking the long route – 6-8 months – to secure a loan can pay off in the long run.Learn what Sam looks for in all his deals and what he considers "high risk."Key Takeaways:A bridge loan isn’t always the right approach.Make sure the loan you’re getting will allow a supplemental loan in the future.Find a way to make your lender comfortable.Tweetable Quotes:Don’t get caught having to refinance when values have dropped. Peak Multifamily Funding:https://www.peakmff.com/
49:0907/09/2020
037: Brandon Hall | Learn How to Protect Yourself On Your Taxes
Brandon Hall, CEO of Hall CPA PLLC spent time at both PWC and EY early in his career. He went full-time into his company in September 2016 and in October 2016 was a guest on the Bigger Pockets Podcast which built huge awareness for his CPA firm. Brandon's firm is 100% virtual and only works with real estate investors, real estate syndications, and real estate funds. Brandon has hired employees all around the U.S.; his first full-time hire was in June 2017 and the firm currently has 12 full-time employees. Brandon spoke at the 2017 and 2018 MidAtlantic Summit, a real estate summit for accredited investors, as well as real estate events in NYC, Washington DC, Baltimore, MD, and Raleigh, NC. Brandon has also been a guest speaker at various CPA firms to discuss culture building and the future of accounting firms. On This Episode:Sam shares about a terrible experience with his taxes.Brandon explains why it’s harder to be recognized as a Real Estate professional by the IRS as you would think.Sam and Brandon discuss some current deals and Sam gets practical advice from Brandon as far as what to expect.Learn how to properly invest to protect you during tax time.Tweetable Quotes:“We don’t see enough people in debt.”Brandon Hall:https://podcasts.apple.com/us/podcast/the-real-estate-cpa-podcast/id1125252777
50:3604/09/2020
Daniel Weisfield | Closing the Affordability Gap
Daniel Weisfield is a third-generation mobile home park owner-operator who grew up fixing porches and mowing lawns at his grandfather's mobile home parks in California and Washington. He has a J.D. and M.B.A from Yale and is a licensed attorney. He previously worked as a management consultant at McKinsey & Company and as a U.S. diplomat. His research on real estate and housing has been published in the New York Times, the LA Times, and the Wall Street Journal.On This Episode:Hear how Daniel believes we can solve the affordability gap.Find out how Daniel scaled a mobile home park investment.Learn the pros and cons of mobile home investments.Sam and Daniel share their tips for retaining tenants.Key Takeaways:Mobile homes tend to draw sticky tenants.People always need a place to live, regardless of the economy.Most good mobile home operators don’t own the homes on their properties.Tweetable Quotes:“There’s no win/lose in multi-family.”“In order to be a good mobile home operator, you need to be a good mobile home dealer.Daniel Weisfield:www.threepillarcommunities.com
49:0031/08/2020
Hal Sweasey | Being the Calm in the Storm During Transactions
Hal Sweasey has over 25+ years experience as a real estate agent on the Central Coast. His accomplishments include:Over 1,500 properties sold in San Luis Obispo County.#1 Re/Max agent in SLO County every year since joining Re/Max.Skilled in 1031 Exchanges.Excellent reputation in the community and huge database of buyer clients (over 5,000).Member of Mike Ferry Elite one on one coaching program - 18+ years.#1 Re/Max agent CA & HI in 2014 out of over 5,037 agents.#11 Nationwide out of over 54,000 agents.Extensive community involvement - PTA, SLOHS, Black & Gold Boosters, Mustang Boosters, YMCA, etc.Big Brothers Big Sisters of San Luis Obispo County - Past President.NCAA National Champion - Men’s Tennis, Cal Poly San Luis Obispo, 1986.Cal Poly San Luis Obispo - Bachelor’s of Economics, Dean’s List.On This Episode:Hal shares the mindset that has helped him thrive through the COVID situation.Sam and Hal discuss how Hal took nearly 9 months off to travel with his family.Sam explains how he plans to reach $1 billion in holdings by 2029.Learn the importance of accountability in doing prospecting.Key Takeaways:Don’t use negative situations as an excuse to not be successful.Be the calm in the storm in your transactions.Travel teaches you things you will never learn in a book.Tweetable Quotes:“Big scary goals are definitely the way to go.”“Learn to be available for the client.”“I’m not friends with a lot of people who aren’t going where I’m trying to go.”Hal Sweasey:https://www.teamsweasey.com/
36:2928/08/2020
Pete Mittanck | Should You Buy Properties with HOA?
Pete is a co-owner in Ameritrue Real Estate and Management. He grew up in Mapleton, UT and now lives in Heber City. In 2009 Pete started buying rental real estate and "flipping" homes. As of 2015 Pete has ownership in 12 rental properties. He understands the challenges that real estate investors are facing. With first-hand experience on the other end as a "client", Pete recognizes the value that realtors and property managers bring to the table. Pete loves analyzing properties and finding creative ways to make a deal work that others might be overlooking. Pete has experience with seller financing, bank owned properties, short sales, tax sales, trustee's sales, and many other creative ways to find and purchase investment properties.On This Episode:Learn the mistakes many people make when hiring a property manager.Sam and Pete discuss the benefits and drawbacks of buying properties with HOAs.Find out how much to budget for normal operating and repairs.Hear how COVID has impacted the real estate market.Key Takeaways:HOAs are not created equal.Don’t charge tenants for basic repairs when they end their lease – charge for major issues with plumbing or electrical.Don’t purchase luxury units, they struggle first during downturns.Pete Mittank:https://www.ameritrue.com/801-602-6933
35:2224/08/2020
Jason Trindade | Tactical Advice for Hotel Investments
Jason Trindade, founder of PlugRE.com, is also the CEO of King of Condos and IKing Realty which holds real estate brokerage licenses in 4 states. As a licensed broker, PlugRE.com is able to connect with various data sources including county records and local MLS boards. Their proprietary database currently has over 2.5 Million Records and it is quickly growing in size.On This Episode:Jason explains why he believes experiences in life are more important than anything.Hear how Jason got started in hotels, and the 180 degree change he made at his first property.Learn practical, tactical advice for investing in hotels.Find out how Jason’s hotel implemented a program to help the homeless.Key Takeaways:When beginning in the business, offer your time and services as an apprentice.Give yourself extra time to determine what to do with an asset.Find ways to give back.Support Jason's Homeless Outreach:paypal: [email protected]
45:1521/08/2020
Yonah Weiss | Keeping Money in Your Pocket Through Cost Segregation
Yonah Weiss is Regional Business Director of Madison SPECS, a division of Madison Commercial Real Estate Services. Renowned for his knowledge in cost segregation, Mr. Weiss is a sought after resource throughout the Commercial Real Estate industry.In addition to having saved his clients tens of millions of dollars in taxes, Mr. Weiss uses his unique ability to interact and connect with professionals and the layman alike to build strategic partnerships in the marketplace, creating win-win situations for all.Mr. Weiss has hosted, or been a guest, on dozens of podcasts discussing the details of the cost segregation process, and the benefits for investors and owners of real estate. He has also authored numerous articles for industry publications and, as an expert in LinkedIn Networking, he has mentored dozens in the practice of using the platform as a springboard to accelerate business opportunities.Mr. Weiss graduated in 2002 with a BA from San Diego University and is active as a volunteer in numerous non-profit and charity organizations.On This Episode:Yonah shares how he transitioned from teaching to real estate.Hear how Yonah helps businesses get increased tax benefits through cost segregation.Learn what asset class gets the most deductions.Key Takeaways:Don't give the IRS money that is rightfully yours.The government incentivizes real estate investments.Look for value adds that can improve the overall worth of your property.Recommended Resource:Tax Free Wealth: https://amzn.to/3g76gRwYonah Weiss:MadisonSpecs.comlinkedin.com/in/[email protected]
38:5217/08/2020
Jarom Jordan | Becoming the Co-Host of BYU Sports Nation
Jarom Jordan has been the co-host of BYU Sports Nation since its genesis in 2013. Jordan is also in his 11th season as play-by-play of the men’s volleyball team and currently produces four programs: Countdown to Kickoff, the BYUtv Sports Post-game, BYU Football with Kalani Sitake, and BYU Basketball with Dave Rose. Jordan is from West Jordan, Utah where he graduated from Copper Hills High School in 2002 and later from BYU in 2009. He is married to Whitney Craft and has a daughter, Venna and a son, Tate.On This Episode:Jarom shares how he got into sports broadcastingSam and Jarom discuss their time at BYU and the world and religion history classes they took together.Sam reminisces about his dad’s time as a football player.Jarom shares how COVID impacted the sports industry.Key Takeaways:Work hard and be ready when someone gives you a chance.Luck rewards the prepared.You must be ready to adapt to change.Jarom Jordanhttps://www.instagram.com/jaromjordan/
32:2714/08/2020
Ivan Barratt | Managing Over $250 Million in Assets
Ivan Barratt is a multifamily unit owner and syndicator who specializes in FHA and Agency-financed projects. Since 2015, Ivan Barratt has raised nearly $60 million in equity, acquired over 2,500 units and grown Barratt Asset Management (BAM) to a best-in-class; vertically integrated, asset and property management firm. Today, Ivan focuses his time on equity finance, acquisitions and company strategy. Currently, his companies manage well over $250 million in assets, comprising nearly 3,500 units.On This Episode:Sam and Ivan discuss what success means to them.Get the secret to business success.Find out how Ivan became involved with real estate during the worst point of the recession.Learn how to build an anti-fragile business.Key Takeaways:Money isn’t enough if you’re sacrificing everything else that is important.Be willing to work to learn and not earn.Managing people is way harder than real estate.Tweetable Quotes;If your company is getting larger and you’re not having more fun, you might be doing it wrong.It’s harder to develop work ethic than skill.Ivan Barratt:https://www.ivanbarratt.com/317-762-2625
36:1210/08/2020
Grace Tsang | Finding Balance
Grace Tsang aims to provide you with Real Estate and Non-Real Estate related information in and around Silicon Valley.On This Episode:Grace shares her slow journey out of software into real estate.Learn how to find the perfect work life balance.Hear the value that an immigrant perspective has brought to grace.Find out how investing can open the door to immense freedom.Sam and Grace discuss how to achieve both income and appreciation with an investment.Key Takeaways:Real estate investments help bring the cash flow needed for stability.Real estate creates more opportunities for free time with family.Set your properties up under a series LLC to protect yourself from risk.Tweetable Quotes;“If I feel like I need a gun to collect rent, that’s probably a location I don’t want to buy in."Every high producer needs a coach."Grace Tsanghttps://www.facebook.com/[email protected]
39:1907/08/2020
Mike Darda | How To GAIN Market Share During a Pandemic
Mike is originally from the Chicago area and relocated to Southwest Florida in 1987.He is the proud father of two sons; Andrew who works beside him on the team as a Listing and Buyer Specialist; and Matthew who is a paramedic in Lee County.Real Estate is literally Mike’s life! It is all he has ever done since college 30 years ago.Mike prospects daily Buyer and Sellers. He also maintains ongoing with his clients to ensure that they remain in a strong market position and move toward achieving their real estate goals.When Mike isn’t out selling, you can often find him and his wife on their boat. He has been a boater his entire life and particularly enjoys excursions to The Keys and The Bahamas.On This Episode:Learn how Mike’s team GAINED marketshare during COVID-19.Hear Mike’s goals for putting his cashflow to workSam and Mike discuss the risks of the real estate industry.Key Takeaways:Don’t trade time for dollars.Look for ways to “botox” your property and increase cashflow.Multi-family is the MOST recession proof investment.Tweetable Quotes;“Unless a signature is involved, I’m done at 5:00." – Mike DardaMike [email protected]
20:2703/08/2020
Michael Burns | Surviving Any Economy By Being Calculated and Conservative
Michael Burns is a Real Estate Agent with Equity Real Estate & Owner of ATM Real Estate Solutions LLC; a Real Estate Investment company.On This Episode:Find out how Michael became interested in real estate.Michael shares that it took 94 offers for Michael to hit his first deal.Listen to Michael explain how he made 24k on his first flip and lost4 8,500 on his second flip.Find out how to get an offer accepted without ticking off your investor or your seller.Key Takeaways:You have to sell the listing agent on your offer first and foremost.Without a deal, you can’t go any further.Be calculated and conservative so you can avoid being affected by the next recession.Michael Burns:801-999-4260
41:1431/07/2020
Kyle Stanley | How to Create Passive Income Through AirBnB
Kyle Stanley is the host of The Fearless Investor Podcast. He helps people learn investing strategies like AirBnB, real estate, and much more! He's been an AirBnB host for 5 years and has been a real estate investor since 2018. Kyle loves bringing savvy investors onto his show so his audience can learn from them.On This Episode:Sam and Kyle discuss the potential recession.Kyle shares how he quickly built up to $15k per month through AirBnB.Hear a simple breakdown of rental arbitrage.Find out how much time you can expect to put into Airbnb when it’s managed properly.Key Takeaways:Look for Airbnbs that are going to make you 2.5-3x the rent.Try to find things to do that feed your soul, and outsource the rest.Create a business that can survive beyond you.Tweetable Quotes:When you are on the frontline, it’s not passive income, it’s active income.Kyle Stanley:https://fearlessflipping.com/airbnbhost/
49:5327/07/2020
Mitigating Risk with Kenny Wolfe
Kenny has been investing in multi-family real estate since 2010. Soon after, he co-founded Wolfe Investments (originally Wolfe RE Mgmt) in 2012. He has been involved in over $130MM+ worth of commercial real estate transactions throughout Texas, Colorado, Louisiana, Oklahoma, and Ohio. Kenny is passionate about ensuring the success of every investment for his loyal investors. Prior to co-founding Wolfe Investments, he served as CFO for Twin Cities Development, LP. Kenny has a BBA from Baylor University and an MBA from the University of Texas at Arlington. When he's not scouting for new deals, he enjoys discovering new vegan restaurants, rooting on the Broncos, and spending time with his wife kids.On This Episode:Kenny shares about the deals he’s working and the last.Sam and Kenny discuss how to keep investors happy when building deals.Sam shares the one word he teaches every underwriter he trains.Key Takeaways:Mitigate your risk of vacancy by having economies of scale.Larger properties or building a direct partnership can help you have more leverage with your third party management company.Don’t fall in love with every prospect.Kenny WolfeMFInvestorNetwork.comWolfe-investments.com
52:1024/07/2020
Investing Effectively in a Changing Market with Matt Smock
Mr. Smock has held multiple positions as Managing Director, Regional Manager, and RVP. He has also raised multiple short-term loan funds from 2002-2007, an opportunity & value-add fund from 2007-2015 to pursue broken projects, NPL’s & REO’s, along with large non-performing portfolios in the Western US MSA’s, while managing multiple value-add projects for two family offices in Europe.Mr. Smock has been involved with the acquisition and development of Traverse Mountain; one of the largest Master Planned Communities in Utah. He acquired the master-note in 2010 through a participation agreement with Far West Bank (AWB). Mr. Smock took possession of the development with his partners, raised the capital through family offices and HNW investors, while redesigning and re-platting the residential communities, commercial & retail site plan, along with redesigning the multifamily sites. He also improved and re-engineered the site, provided the LIDAR mapping, architectural and issued an approved site plan to Lehi City for 1.5M SF of class A office and 300,000SF of Retail on the 120Acre commercial parcel, while securing multiple retail leases. In addition, he secured & leased 216,000SF of class A office building to the first national credit tenant Xactware-Verisk Analytics, while preparing for additional leasing opportunities with additional tech firms for building two. It is anticipated that the total build-out value of the project is estimated at $1.2Billion.Among other recent notable projects, Mr. Smock recently worked in Switzerland and France for two family office and a group of “UHNW club investors” to acquire, renovate and stabilize class A office, multifamily and student housing real estate projects totaling approximately 134M CHF. Mr. Smock oversaw the financing, underwriting, renovations, lease-up and stabilization of the portfolio. In addition, he has also funded other commercial development projects and master planned communities such as Hideout Canyon near park city, the Ledges phase 1&2 in Saint George, and a $117M distressed 6,220 unit multifamily portfolio in Texas. In 2010-2013 Mr. Smock acquired, renovated and sold over 140 residential REO’s in Nevada, Arizona, Utah and Indiana totaling $26Million.In addition to these projects, Mr. Smock has developed & funded multiple residential and commercial office developments while providing short-term and long-term bank financing with Nation West Capital for multiple development projects in Arizona, Idaho, Nevada and Utah, with total funding over $260M. Mr. Smock has been involved with Real Estate Investment Securities Association (now ADISA), ICSCRECON, Urban Land Institute (ULI), Real Estate Investment Association (REIA), HBA (AZ, UT, NV, ID), Economic Development Association (EDA), National Bankers Association (NB), MLA, and has a AA & BA from BYU and UVU. Mr. Smock is also a certified underwriter and has participated in multiple development counsels, boards and loan committees.On This Episode:Matt shares about his early experiences doing lending.Sam and Matt discuss their favorite areas to invest in Utah currently.Learn how lending has changed since 2008.Hear what younger people spend way too much money on.Key Takeaways:Don’t bank on the market staying good forever.The best deals you do are the ones you don’t do.Rule #1 is don’t lose money. Rule #2 is don’t lose money.Matt Smock:http://www.zenithpartners.org/
40:3520/07/2020
How to Effectively Use a Self-Directed IRA with Daniel Blue
Daniel is president of Quest Education, a company that helps entrepreneurs obtain capital for their companies, pay off high-interest debt and use self-directed retirement accounts to invest in alternative assets With over 10 years of educating small business owners, Daniel has a knack for helping individuals get creative with their finances that leads to life changing results.On This Episode:Daniel explains how self-directed IRA’s work.Hear why Daniel became interested in investments and real estate.Learn what Daniel looks for in a team member.Sam and Daniel swap loan horror stories.Learn how to take a non-recourse loan from your retirement account.Tweetable Quote: “Success can be a horrible teacher.”“Work ethic is automatically going to give you some sort of respect.”Daniel Blue:https://www.facebook.com/YourQuestNowhttps://www.linkedin.com/in/daniel-blue-5b1339113
46:5217/07/2020
Passive Investing in Commercial Real Estate with James Kandasamy
Multifamily apartment real estate investor James Kandasamy now has a new feather in his cap. His popular book titled “Passive Investing in Commercial Real Estate: The Insider Secrets to Achieve Financial Independence” has recently become the number one bestseller in Amazon US and Canada. This book has received strong recommendations from the readers as a must read for passive investors aspiring to make it big in syndicated commercial real estate investments. James has written the book specifically for commercial real estate investors interested in finding out the insider secrets related to getting started with investment, different aspects of real estate deals, market cycles, risk management, investment process, selection deal sponsors, capital sources, investment metrics, and much more. The book is available in paperback, audible, as well as Kindle versions.On This Episode:James shares why he thinks third party operators are inefficient.Find out why 98% of individuals don’t make money on stocks.Discover how to leverage government tax incentives for investing.Learn the formula James employed to build his business.Key Takeaways:The risk of real estate is slight compared to other investing possibilities.Real Estate is one of the only investments where you can buy under-market.Be patient enough to build relationships and reputation.Tweetable Quote: "Not many people hustle because not many want to come up in life." – James Kandasamy“Don’t be normal and then you can do big things.” – Sam NewellRecommended Resources:The Magic of Thinking Big by David SchwartzThink and Grow Rich by Napoleon HillJames KandasamyMultifamilyInvestors.groupPassive Investing in Commercial Real EstateAchieve-Academy.net
45:4113/07/2020
How to Avoid Losing YEARS of Cash Flow with Joseph Gozlan
Joseph is a multifamily investments specialist leading group acquisitions of over $30MM in real estate and providing asset management services to a portfolio of 505 units and growing.Joseph is a former lieutenant in the Israeli Defense Forces (IDF) with over 17 years of leadership experience in the software industry, 12 of which working for publicly traded companies such as GameStop, Retalix (NCR) and JCPenney which enhanced his business acumen, analytical skills and “big picture” perspective, all skills that he leverages to maximize efficiency in the real estate business.In his last IT role as a Senior Software Development Manager, Joseph led five software engineering teams and was responsible for the on-time and on-budget delivery of multiple software products that contributed directly to the company’s multi-million dollar bottom line.Joseph has a B.S. in Information Systems Engineering and is also currently enrolled with Texas A&M MBA program (part time program).On This Episode:Joseph talks about coming to the realization that single-family properties can easily lose YEARS of cash flow.Sam shares how he connected with Joseph as a coach.Learn about Joseph’s experience with his first multi-family deal - a 22 unit apartment complex.Learn when to pursue syndication - as well as the pros and cons.Tweetable Quote: “If you don’t want to be an operator, you’ll have to partner with an operator.”Joseph Gozlanhttps://ebgacquisitions.com/joseph-gozlan/
36:3610/07/2020
How to Invest in Unique Asset Classes with Kevin Easterly
Kevin Easterly is the founder of Apollo10x, a private real estate investment firm. He has invested in over 250 apartments and has diverse real estate experience in rehabbing, purchases, and running large construction teams. Kevin has the ability to assess risks and investing wisely in the best interest of the entire team and investors. Kevin holds a bachelors degree from Cal State San Marcos and lives in San Diego, CA.On This Episode:Kevin shares about how he started with fourplexes and progressed quickly to 100 doors.Sam and Kevin discuss whether single-family homes are a waste of money.Learn what sort of property and location to invest in.Hear the horror story from Kevin’s trailer park deal.Key Takeaways:You’ve got to be okay with a long-term play.Base all your purchases on rent amounts.Be educated before you buy a unique asset class.Tweetable Quotes:“Trust but verify.” “You can’t be scared to take action but be educated before you take two much action.”“A small piece of the pie is better than 100% of no pie.”Apollo10x.com
46:5206/07/2020
What States to Avoid When Investing with Kyle & Lelita Mitchell
Gary Lipsky is a Managing Partner of APT Capital Group, which buys opportunistic value-add B & C class properties. Gary has been a real estate investor since 2002 and has invested in over 1700 units with $17MM AUM. Gary is Real Estate Financial Modeling Certified and has been a successful business operator for over 30 years.Prior to forming APT Capital Group, Gary was the President and Founder of Break of Day Capital. Gary was also the Founder/Co-President of arc, a company he grew to over $12 million in revenue and over 700 employees while positively affecting over 9,000 students daily throughout Southern California. Additionally, he is one of the founding Board Members of the non-profit CORE Educational Services.Gary hosts 3 meetup groups, educational webinars, and co-hosts the podcast Asset Management Fridays.Lalita Mitchell is a Managing Partner of APT Capital Group who’s passion is in helping others and making a difference in any way she can while striving to make a memorable impact on others. With a focus on raising capital and investor relations, Lalita has been investing in income producing real estate since 2017 and currently has $17MM in multifamily assets in the Arizona markets.Prior to forming APT Capital Group, Lalita was a Managing Partner and Co-Founder of Limitless Estates. Lalita is also currently a General Manager and Regional Sales Director for a golf management company where she oversees 50+ employees and $5MM+ in revenue on a daily basis.Lalita hosts 2 meetup groups and is the co-host of the Passive Income through Multifamily Real Estate podcast.On This Episode:Kyle shares the incredible difficulty he experienced with the California landlord laws.Hear why Kyle prefers multi-family to single-family.Learn what states to avoid when investing.Key Takeaways:Avoid investing in states that ignore contract law. Invest with the tenant in mind.Lock up your long-term debt so that if there is a downturn you can ride it out.Tweetable Quotes:“If you work with tenants instead of against them, it could work out to your benefit.”Limitless Estates:https://www.aptcapitalgroup.com/ See acast.com/privacy for privacy and opt-out information.
25:2703/07/2020
Crafting an Intentional Plan of Success with Jens Nielsen
I'm excited to Introduce my friend Jens Nielsen. Jens and I know each-other through a multifamily mastermind group. I have been able to observe Jens and over the last couple years he has taken down some great investment properties with his partners at Open Doors Capital. Jens is also an avid mountain biker and is always riding in the mountains of Colorado where he lives and just got back form an exciting mountain biking trip to the Alps in Europe. Jens has been transitioning into full time real estate investing and has a background in telecommunication and sales where he used to travel the world for his company.On This Episode:Jens talk about growing up in a small town and how he developed big dreams.Hear Jens morning routine.Learn the thought process that helped Jens set clear goals for himself.Find out the negative aspects of smaller properties.Key Takeaways:Start your day intentionally.Keep healthy - both your body and mind.Real Estate can’t go to $0.Tweetable Quotes:"Anything worth having does not come easy."Jens Nielsen:[email protected]/call See acast.com/privacy for privacy and opt-out information.
53:0229/06/2020
The Importance of a Team with Devin Elder
Devin Elder is a Real Estate entrepreneur and San Antonio native with a proven track record of repositioning properties, delivering quality renovated housing products to market, and delivering consistent double digit returns to investment partners. Devin has extensive experience acquiring distressed properties, managing renovations, raising private capital, and managing single family & multifamily investment property. Other investments include a vacation rental in Downtown San Antonio and passive multifamily investing. Devin began investing in Real Estate in 2012 and has grown revenue and profit every year since.Prior to his Real Estate investing career, Devin managed Sales Operations for 650 sales reps at a $2B medical device company headquartered in San Antonio. Previous corporate experience includes Sales & Management at Rackspace, a $1B+ technology company headquartered in San Antonio, Texas.Devin Elder is sole owner of DJE Texas Management Group LLC, which manages all aspects of acquisition, repositioning, and sale of single family and multifamily properties in Central Texas. DJE Texas Management Group has successfully completed over 200 Real Estate renovation projects since 2012, with renovation budgets ranging from $10k to $1.2MM+. DJE Texas Management Group currently has ownership interest in over 1,400 units of multifamily in Central Texas valued at over $130MM.Devin earned a Bachelor of Business Administration from the University of Texas at San Antonio, and has been married to his wife Amber since 2008. They reside in far North San Antonio with their three children.Mr. Elder is the host of The DJE Podcast, a weekly show interviewing the top Commercial Real Estate investment experts in the country, and is himself a regular expert guest on the top multifamily investment podcasts in the world.Devin has a broad network of experienced and trusted advisors, attorneys, brokers, investors, and accountants that facilitate the continued success and growth of DJE Texas Management Group. During downtime, Devin enjoys travel, family time, and is an avid reader, golfer, and musician.On This Episode:Devin talks about watching his retirement company get cut in half during the recession.Hear why flipping single-family homes is not a long term plan for success.Discover the importance of having an amazing team.Key Takeaways:Get around people who are doing what you want to achieve.If you have a high W-2, don’t waste time on smaller flips.Partner up to avoid mistakes on deals.Tweetable Quotes:“You’ve gotta have equity in something in life.”“Don’t do something you can pay someone to do for way less.”Devin Elder:Djetexas.com See acast.com/privacy for privacy and opt-out information.
41:2126/06/2020
Investing in Notes with Brian Hamrick
Brian Hamrick began investing in single-family homes in 2002. During the Great Recession he purchased his first multifamily property and has since worked with private investors to acquire apartment communities, self-storage facilities, and non-performing notes. In 2012 he founded Hamrick Investment Group ("HIG") to help other qualified investors take advantage of the lucrative returns real estate has to offer.Brian has created strategic partnerships with experts who understand all of the complex and specialized in's & out's of finding, negotiating, acquiring, managing and profiting from commercial real estate and npn's.To date, HIG has bought & sold over $21 Million in assets and continues to seek opportunities that provide strong returns for his investors.On This Episode:Brian gives examples about investing in notes.Learn how Sam has never made less than a 20% return on his investmentsSam talks about the importance of a “human factor” in real estate investing.Brian reflects on the moves he made during the 2008 downturn.Hear the benefits of both single family and multi-family real estate.Brian explains the background and purpose of his show, The Rental Property Owner and Real Estate Investor Podcast.Key Takeaways:Have money set aside for contingency plans - unexpected repairs, mortgage payments, etc.Consume actionable content.Be cautious what deals you go into. Stress test them and have minimum standards.A lot of people underestimate the amount of money they might have to put back into a property.Tweetable Quotes:“You can’t retire on single family homes.” - Sam Newell“All real estate is a people business.” – Brian HamrickBrian Hamrickhttps://podcasts.apple.com/us/podcast/rental-property-owner-real-estate-investor-podcast/id1083618984?l=es See acast.com/privacy for privacy and opt-out information.
48:0322/06/2020
Investing and Seminary Teaching with Blair Van Dyke
Blair G. Van Dyke is a full-time instructor at the Orem Institute of Religion adjacent to Utah Valley University. He earned his BA in English literature from BYU in 1989. At that time he was hired to teach in the Church Educational System (CES) of The Church of Jesus Christ of Latter-day Saints. Van Dyke took a Masters of Education degree in 1992, and a Doctor of Educational Philosophy in 1997, both from BYU. His dissertation, "Education in an Autonomous Palestine: Palestinian Perspectives," explores the emergence of an independent Palestinian educational system after centuries of colonialism.He established the "Literature, Arts, and Letters for Global Understanding" campaign, an ongoing community and educational engagement initiative between educators and students in the United States and the West Bank. Van Dyke is the coauthor of Holy Lands: A History of the Latter-day Saints in the Near East. He has also written a number of articles on biblical culture, history, and texts, including "In the Footsteps of Orson Hyde: Subsequent Dedications of the Holy Land" (BYU Studies). Van Dyke met his wife in Jerusalem and was invited to teach at the Jerusalem Center for Near Eastern Studies (2001-2002). He travels annually to the Near East to conduct research and guide travel study tours of the region.On This Episode:Learn how Blair got into religious education and ended up doing graduate work in the middle east.Sam and Blair discuss the harsh reality of racism.Hear the responsibility of investors and realtors to break through the barriers of racism.Sam talks about raising children who are not privileged and the value travel has in that regard.Blair shares his great success with owning investment properties and why he is trying to build up TWO retirements.Blair Van Dykehttp://www.mmetours.com/index.php/blair-van-dyke See acast.com/privacy for privacy and opt-out information.
54:5919/06/2020
Find Your Why with Whitney Sewell
Founder of Life Bridge Capital LLC, Whitney began his real estate investing career in 2009. Whitney’s passion is working with investors, helping them secure financial security via the exceptional opportunities that multifamily syndication offers. Whitney hosts The Real Estate Syndication Show, a daily podcast where he has now interviewed over 600 experts providing cutting-edge tools and strategies of the syndication business. Whitney and his wife Chelsea are on a mission to help other families through the process of adoption. They have personally endured the financial burdens that the process puts on families and have committed 50% of their profits to this goal. Whitney and Chelsea have three children by adoption.On This Episode:Whitney discusses his transition from the military to real estate investing.Sam and Whitney discuss whether or not people should ever invest in smaller properties.Discover the importance of outsourcing.Whitney shares how having a supportive spouse has been critical to his success.Key Takeaways:Find your why. (Money is not enough.)Set a reserve budget to weather unexpected storms.Don’t try to invest in a property with no knowledge of the area.Whitney Sewellhttps://lifebridgecapital.com/ See acast.com/privacy for privacy and opt-out information.
42:3315/06/2020
Avoid Beginner's Mistakes When House Hacking Investment Properties with Steven Maddox
Today I get to introduce a good friend of mine Steven Maddox. I have been working with Steven for years now selling real estate here in Utah, we first worked together when he was working a a loan officer for First Colony Mortgage and now he's one of the top salesmen for Edge Homes. Specifically, we work with a lot of first time investors who buy the new Edge Homes townhomes or condos as rentals. Edge Homes is the top builder in Utah and Steven is one of their top agents. Aside from real estate and investing Steven and I work out at the gym together and share interests in trucks, guns, hunting and fishing and the great outdoors. Most important to Steven is his family, he has a wife and two small children and loves spending time with them when he's not working.On This Episode:Hear how Stephen house-hacked a townhome.Sam explains why you should stockpile 3 or 4 months of mortgage payments on your properties.Learn common mistakes of investing and how to avoid them.Find out what to look for in your first rental.Tweetable Quote:"Just buy SOMETHING. Stop waiting." – Sam NewellSteven [email protected] See acast.com/privacy for privacy and opt-out information.
28:2612/06/2020
Centimillionaire Investments with Richard Wilson
Richard is the CEO of Centimillionaire Advisors, LLC providing performance-based family office solutions for $100M+ net worth families. He is also the founder and head of the Family Office Club, the largest community of registered family offices globally with over 1,750 private investor members. In addition to having 6,500 participants attend 25 live conferences hosted per year, various divisions of the Family Office Club include PitchDecks.com, investment certification programs, & investor directories. Richard has spoken over 250 times in 14 different countries at industry conferences. He also has the #1 bestselling book, most listened to a podcast, and most visited website in the family office industry. Richard shares insights from his work with clients through his publications, he has written the first book on single-family offices, and the only books written on both how to start a family office, and on centimillionaire investments. Richard has an undergraduate degree in business, an M.B.A., and has studied post masters psychology through Harvard University’s ALM Division. Richard resides on the island of Key Biscayne, Florida with his wife and three daughters.On This Episode:Richard and Sam discuss when and how you should utilize wealth managers.Gain invaluable real estate advice for the current economy.Discover the importance of being slow to buy.Richard explains the importance of solid branding.Find out how simple mistakes in your pitch deck can cost you everything.Richard breaks down whether or not we are headed for a downturn.Tweetable Quote:“Some of the best deals you do are the ones you pass up – the ones you don’t do.” – Sam Newell"It’s better to lose money than integrity." – Sam NewellRichard Wilsonpitchdecks.comhttps://centimillionaires.com/team/ See acast.com/privacy for privacy and opt-out information.
34:1408/06/2020
Military House Hacking with Eric Upchurch
Eric Upchurch is an Army Special Operations veteran who grew up in Central Iowa before attending college in California. He has a passion for educating the military community on how to create long term wealth through real estate investing, while personally investing across the country for the last fourteen years. Eric serves as Co-Founder of Active Duty Passive Income (ADPI) and is a Senior Managing Partner with ADPI Capital. Most recently, Eric’s team has opened a nationwide, first-of-its-kind 100% employee-owned mortgage branch, real estate brokerage, as well as an insurance company – all with the goal of serving the ADPI community of military real estate investors.On This Episode:Eric shares how he is serving those with PTSDSam and Eric discuss the power of coaching and community.Learn the secrets of military househacking.Tweetable Quote:“Real Estate is not a get rich quick deal.” – Eric UpchurchKey Takeaways:Ask 3 close friends to write you an email and list 2 or 3 things they absolutely can’t stand about you.Adding value in the real estate industry is incredibly important.Househacking is a lifestyle choice.Eric Upchurchhttps://www.activedutypassiveincome.com/erichttps://www.amazon.com/Military-House-Hacking-Passive-Generational/dp/1729232515 See acast.com/privacy for privacy and opt-out information.
55:1605/06/2020
Get Rich Slow with Jason Pero
Jason Pero was born and raised in Erie, PA and attended college at nearby Westminster. After college, Jason began a sales career in pharmaceutical and medical device sales. He started his real estate investing career in 2001 when he and his wife purchased their first duplex. He built a portfolio of real estate rental properties while working a career as a medical sales representative. He was able to leave his job in 2012 as the portfolio grew to nearly 300 units. Jason balanced the demands of a high pressure sales environment, a young family, and growing a real estate portfolio. Upon leaving his day job, Jason continued to build his real estate holdings and currently owns around 900 rental apartments. He is the President of his local landlord Apartment Association and a frequent guest on podcasts and occasional speaker at real estate investing conferences. Jason enjoys coaching and mentoring both seasoned and beginner real estate investors. He continues to grow his real estate business but enjoys spending his free time working out, traveling, relaxing with family and friends, attending sporting events and concerts.On This Episode:Hear how Jason started in pharmaceutical sales and eventually discovered how much money could be made by getting involved with real estate investing.Sam and Jason discuss the power of building slowly.Find out how Jason left his 9-5 job with 290 units under his belt.Hear the importance of living below your means.Jason tells how he survived the 2008 crash.Tweetable Quotes:“Pay more up front for peace of mind later on.” – Jason Pero“The wealthiest people adapt to the economy.” – Jason Pero“Anybody can sell if the price is right.” – Jason PeroKey Takeaways:Get rich slow.Make sure you have an elevator clause built into your deals.Don’t make deals that can jeopardize everything you want to do.Jason [email protected] See acast.com/privacy for privacy and opt-out information.
48:0201/06/2020
The Biggest Mistakes Investors Make with Adam Beckstedt
Adam Beckstedt is in real estate but he is not a realtor. He buys apartments to gain long term/high return cash flow. Adam offers opportunities for passive investors to invest alongside him in these properties in order to gain the benefits of real estate without having to do the hard work that it requires. They get to take advantage of tax savings, cash flow, and appreciation to name a few in order to live off of their returns or offset their high W2 income taxes.Adam also strives to teach as many people as he can, not only to be the best they can be but to utilize real estate to achieve financial freedom for themselves. He does this through co-hosting a monthly local real estate meetup of 60-70 people, hosting a YouTube channel, providing individual coaching, being a member of 2 real estate masterminds, and a few other avenues as well. Adam also volunteers at Junior Achievement to help ignite the minds of kids on what it means to be an entrepreneur and recently joined to be a Rotarian in 2019. He is striving to find more ways to give back to those around him. On This Episode:Adam talks about living with parents who flipped real estate.Discover how to target your ideal tenants.Adam shares some of his biggest dislikes from single-family real estate.Find out why Adam thinks more investors should be scared right now.Sam encourages investors to have cash reserves ready to pay for your property mortgange during any unexpected downturns if rent dries up.Adam and Sam discuss being on the same page with your spouse when it comes to investing.Find out the importance of properly vetting your partners.Tweetable Quotes:“There’s no investment out there without risk.” – Adam Beckstedt“If it’s all about the money, the partnership is going to get old fast.” – Sam NewellKey Takeaways:You have to consider scalability when deciding where to invest.Investment properties are businesses banks love.Really research those that you partner with.Adam Beckstedthttps://www.linkedin.com/in/adambeckstedt/ See acast.com/privacy for privacy and opt-out information.
53:0229/05/2020
How to Prepare for Any Economic Situation with Ben Suttles
Ben Suttles has been an entrepreneur for 15 years, first starting his career in IT sales and business development then onto management. His background in management and sales has helped him propel into commercial real estate, first starting in 2013. Over the last 7 years he has been involved in the acquisition & asset management of nine multifamily properties, through partnerships and Disrupt Equity, totaling over $80MM in current AUM and the purchase and sale of over 1600+ units.On This Episode:Ben breaks down the different aspects of a deal.Learn when to back out of an investment.Find out how much time to dedicate to educating investors.Ben reflects on how Hurricane Harvey affected one of his investment properties, and the preparation and foresight that carried them through it.Get helpful tips for getting maximum value from lenders.Learn why it’s better to buy a property that needs rehab instead of a brand new property.Tweetable Quotes:“If you’re having trouble, be the first to call the bank.”“People always need a place to live.”Ben Suttles:[email protected] See acast.com/privacy for privacy and opt-out information.
58:5725/05/2020
How to Find the Right Syndicator with Feras Moussa
Feras Moussa is an entrepreneur at heart with a tech background. Feras graduated from the University of Texas with a Computer Science degree, and worked at Microsoft straight from college. Feras later quit Microsoft to ‘bring tech to industries that lack it’, where he later found his passion for real estate. Feras quickly built a portfolio of rentals, completing 9 closings in his first 12 months. After having seen the results of rentals, Feras later decided to scale up into apartment complexes, where he met Ben and started Disrupt Equity, a company focused on multi-family acquisition and investments for investors, and in doing so, help leverage his strengths in tech to better identify quality investments for investors. Feras has helped raise millions of dollars for multifamily syndication.On This Episode:Sam and Feras discuss the importance of giving every investor the best treatment possible.Learn why you should spread money over several good deals instead of one deal.Feras shares common mistakes he sees people making when investing.Unpack the meaning of cap rates and reversion cap rates.Find out how to find the right syndicator.Tweetable Quotes:“Don’t put your investors in a deal you don’t believe in.” – Feras Moussa“Operations are critical.” – Feras Moussa“Real estate is not get rich quick.” – Feras Moussa“Cash is king in this business.” – Feras Moussa“You don’t need to take massive risk to get good returns.” – Sam Newell“You lose nothing for trying.” – Feras MoussaFeras Moussa:[email protected] See acast.com/privacy for privacy and opt-out information.
49:2422/05/2020
Becoming the Real Estate Jedi with Dave Toupin
David Toupin, a Top Millennial real estate investor, speaker, and entrepreneur. David is the co-founder of Obsidian Capital, an Austin Texas based real estate investment firm. David started investing at the age of 19 in Michigan where he bought his first property in college, a 12 unit apartment complex. Prior to graduating with a Finance degree at the University of Detroit Mercy, David had acquired $7M in multifamily real estate holdings. By the age of 24 years old, David has acted as a key principal with over $50M in real estate holdings and has raised north of $10M in capital. Utilizing David's best selling multifamily deal analyzer, he has ventured into the tech industry through the founding of his new software company, Real Estate Lab. David has a background working in corporate auditing and investment banking, and has been a serial entrepreneur since the age of 13. David is a member of a high level real estate group – The Multifamily Boardroom – composed of over 30 high level multifamily owners and operators. On This Episode:Dave shares the differences between living and operating businesses within Michigan versus Texas.Hear how Dave earned investor's trust even at a young age.Find out how Dave made a 1.7 million dollar profit on a deal within one year.Discover what motivated Dave to self-educate and take action before most people.Dave explains why people overestimate rent increases.Tweetable Quotes:“Just because people love you doesn't mean they're going to give you good advice.""Rents can only get so high." – Dave Toupin"I base my assumptions off of logic and fact." – Dave ToupinDave Toupin:obsidiancapitalco.cominstagram.com/realestatejedi See acast.com/privacy for privacy and opt-out information.
46:2318/05/2020
Buying for Cashflow with Tim Bratz
Tim Bratz knows real estate. For more than a decade, he’s been building an unparalleled reputation in this hyper-competitive business—and, now, he’s one of the foremost names in the multi-family commercial space, amassing over $200 MILLION in assets and more than 2,100 doors under management in just four years. I met Tim at a multifamily mastermind that we're both part of and I was very impressed with his track record, his creativity for doing large multifamily deals, the way he interacts with his investors, and his business overall. After amassing a huge multifamily portfolio Tim pivoted his company which led to the launch of Legacy Wealth and, with it, his unwavering commitment to educate and accelerate the next generation of real estate investors. As a teacher, mentor and practitioner, Tim uses his signature keep-it-real attitude to drive new investors forward. His approach blends strategic best practices including an investor-first mindset, and being totally transparent and entirely authentic in every deal, every partnership and every interaction, every time.On This Episode:Tim shared what his dad's entrepreneurial journeys taught him.Sam and Tim discuss some of the common reasons people stay with their 9-5 jobs.Learn how Tim got bit by the residual income bug.Find out how you can mitigate risk through self-education.Discover why you should always buy for cashflow and not speculation.Hear why you should try to kill every single deal that comes across your desk.Tweetable Quotes:“Education breeds more confidence, confidence breeds success.""Knowing how to find the answers is more important than having the answers.""Upside potential is worth downside risk."Tim Bratz:https://www.legacywealthholdings.com/ See acast.com/privacy for privacy and opt-out information.
57:2715/05/2020
Getting Value by Giving Value with George Morris
George Q. Morris, Founder and CEO of Century 21 Everest Realty Group, is a dynamic, purpose-driven leader in the residential real estate sector. With nearly two decades of experience, his full spectrum of leadership skills range from creating and managing a small team, to owning and building a large, successful brokerage. Most recently, at Century 21 Everest (during a time when many brokerages closed their doors) in under three years Morris led the growth of this vibrant office to over 130 agents and climbing. Within one year of joining with the Century 21 brand, the brokerage was ranked in the top 20 offices globally, along with nationally ranking #1 in Utah and #1 in the region for all Century 21 affiliates. Previously, as CEO of Realty Executives of Utah, Morris grew the company from a handful of agents to a powerhouse of over 300 productive agents. Mr. Morris has a passion for creating sales training programs and mentoring courses that empower individual agents to deliver high-level, professional real estate services to their clients, grow a robust real estate business, and reap financial success. With a personal sales volume exceeding $41 million, Morris has the knowledge and experience to coach and train agents to achieve extraordinary results. To date, he has trained over 40,000 agents, personally coaching 2,500 individual real estate professionals. He has experienced the volatile highs and lows of real estate and refined his skills to motivate, drive and instill confidence to succeed in any market. Mr. Morris has the innate ability to draw out the best in others and teach individuals to believe in themselves. In the challenging world of real estate, mental toughness and confidence are assets which cannot be underestimated. George Morris effectively coaches this mindset, combined with a powerful skills training program that delivers measurable results in the highly competitive arena of residential real estate.On This Episode:George breaks down the myth of "job security."Hear the origins of George's real estate company.Learn the importance of being a good steward.Realize how important it is to keep your sights on your goals.Tweetable Quotes:“To put my life in the control of someone else is crazy." – George Morris"It's not so much about what you buy, it's what you buy it for." – George MorrisGeorge Morris:https://www.linkedin.com/in/george-morris-098a3418See acast.com/privacy for privacy and opt-out information.
46:4911/05/2020
How to Get Started Investing in Multi-Family Properties | Heather Konopka
Heather Konopka-Chaves, CCIM, brings more than more than 18 years of Commercial Real Estate experience to her trade, her primary expertise with Multifamily in the Mid Cities, Dallas/Fort Worth and Arlington area.As an active Texas Real Estate Broker, Ms. Konopka-Chaves holds the prestigious Certified Commercial Investment Member (CCIM) Designation. Additionally Ms. Konopka-Chaves is a member of the North Texas CCIM Chapter, a member of NTCAR (North Texas Commercial Association of REALTORS®), where she served on the New Initiatives Advisory Board and also is a member of the National Association of REALTORS®.Ms. Konopka-Chaves’ prior experience includes serving as Senior Advisor at Marcus & Millichap and as Franchise Owner and Senior Investment Advisor of Sperry Van Ness/Konopka And Company. As an SVN Franchise Owner, she served on the Board of Advisors in 2009 through 2011, and was also a member of the Sperry Van Ness Asset Recovery Team.Ms. Konopka-Chaves was awarded the coveted Achievers Award her first year at Sperry Van Ness. Additionally, she was the Director of Commercial Real Estate for a large a Residential office of over 300 agents where she received numerous accolades for her consistent placement in the Top 10 Advisors.Ms. Konopka-Chaves’ real estate success includes her involvement as a principal in a retail development project, as well as commercial land development, which were both completed in 2006. Her passion for the real estate market along with her extensive encyclopedic knowledge in her specialty have facilitated opportunities in publishing her articles in distinguished journals and magazines.Ms. Konopka-Chaves is active in her community, serving on the board of two private schools and involved with her church. She currently serves on the School Advisory Board and Finance Committee for her daughter’s high school.Ms. Konopka-Chaves is devoted to her family; blessed with two beautiful, gifted and talented daughters. She enjoys exercising, the outdoors, vacationing at the beach, sailing and fishing.On This Episode:Learn how Heather went from flight attendant to real estate agent to broker.Hear lessons from the '08 recession.Find out why multifamily is worth investing in over singlefamily.Sam and Heather discuss how first time investors can get involved in real estate.Tweetable Quotes:“People will always need a place to live.""You don't have to be great to start but you can't be great if you don't start."Heather Konopka:http://www.c21bowman.com/agents/profile.rsp?id=0453672https://www.linkedin.com/in/heather-konopka-ccim-9992a37 See acast.com/privacy for privacy and opt-out information.
36:1608/05/2020
How to Create Lifetime Cash Flow Through Multifamily Properties | Rod Khleif
Rod Khleif is an entrepreneur, real estate investor, multiple business owner, author, mentor, and community philanthropist who is passionate about business, life, success, and giving back. As one of the country’s top real estate trainers, Rod has personally owned and managed over 2,000 properties.He is also Host of the Top-Ranked iTunes Real Estate Podcast which has been downloaded more than 8,000,000 times – “The Lifetime Cash Flow Through Real Estate Investing Podcast.” Rod is the author of “How to Create Lifetime Cash Flow Through Multifamily Properties” considered to be an essential “textbook” for aspiring multifamily investors.As an accomplished entrepreneur, Rod has built several successful multi-million dollar businesses. As a community philanthropist, Rod founded and directs The Tiny Hands Foundation, which has benefited more than 75,000 community children and families in need. Rod has combined his passion for real estate investing and business development coaching with his personal philosophy of goal setting, envisioning, and manifesting success to become one of America’s top real estate investment and business development trainers.On This Episode:Learn the importance of adding immense value to others.Rod shares how he made over 100,000 in his third year of real estate in the early 1980's.Hear how Rod lost everything during the recession.Discover why multi-family is a better investment than single family.Rod breaks down the importance of stress-testing.Tweetable Quotes:“Those that add the most value are the most successful people on the planet.""Give until it hurts.""The key is to be prudent and stress test."Rod Khleifhttps://rodkhleif.com/ See acast.com/privacy for privacy and opt-out information.
44:2204/05/2020
How to Stress Test a Deal | Robert Ritzenthaler
Robert Ritzenthaler has been involved in completing over $200 million of commercial and multi-family real estate transactions. During that same time Robert was instrumental in building a commercial construction company and property management business. Previously, Robert spent time on Wall Street, helping raise capital and launch a $72 million technology hedge fund. He has guided equity partners on dozens of acquisitions and has been responsible for raising capital and completing due diligence.On This Episode:Robert talks about growing up in the construction business and the early real estate lessons he learned from his dad.Follow Robert’s journey from Wall Street to real estate.Find out the situation that led to Robert losing everything within a month.Find out the process of stress testing a deal.Learn how to properly prepare for black swan events.Tweetable Quotes:“We can’t have unlimited fudge-factor, but if we can be the last man standing, that’s the goal.“It’s more important to vet the operator than it is the deal.”Robert Ritzenthaler:https://www.linkedin.com/in/robert-ritzenthaler-cpa-b3825935 See acast.com/privacy for privacy and opt-out information.
59:2701/05/2020