Episode 20: - Rethinking Net Worth and Assets: Decoding What Matters Most Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 20 the co-hosts discuss: The complexities of current economic conditions, highlighting the stark contrast between booming asset prices and stagnant wage growth. They engage in a thorough debate on whether to include a primary residence in net worth calculations, weighing the pros and cons of this approach. The discussion extends to the broader implications of homeownership and the evolving concept of the American Dream, examining historical perspectives and the impact of modern economic challenges on individual financial strategies. Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.    Introduction (00:00 - 01:00) Discussion of Economic Climate (01:01 - 03:00) Debate on Including Primary Residence in Net Worth (03:01 - 08:00) Counterpoints and Further Debate (08:01 - 14:00) Accredited Investor and Qualified Purchaser Definitions (14:01 - 17:00) Historical Context of Homeownership (17:01 - 22:00) Changing Perceptions and Future Outlook (22:01 - 27:00) Outro (27:01 - 30:00)

Episode 19: - Impromptu Hot Topics Part 1 Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 19 the co-hosts discuss our recent real estate investments: Introduction and Change of Plan: Co-hosts opt for a live format to tackle current topics.Industry Futures and Recent Trends: Insights on real estate and private equity futures, addressing recent trends and a significant ruling's impact.Value of Brokers in Deals: Debate on the impact of a recent ruling on brokers, highlighting the value and cost of brokerage services.Impact of Legislation on Investment and Market Stability: Discussion on potential shifts of large investment funds to real estate for stability amidst legislative changes.Brokering Rates and Financial Strategies: Analysis of negotiating broker rates and their impact on financial strategies and returns on investments.   Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.    Introduction and Change of Plan (00:00:01 - 00:00:20):   - The co-hosts explain that instead of a regular podcast, they decided to take the episode live to discuss certain current topics in real-time. Discussion on Industry Futures and Recent Trends (00:00:21 - 00:01:15):   - The futures of certain industries like real estate and private equity, including recent trends and the impact of a new ruling in the real estate sector. Value of Brokers in Deals (00:01:15 - 00:03:37):   - The recent ruling affecting brokers and agents, and whether he would continue using a broker system, highlighting the value and cost of such services. Impact of Legislation on Investment and Market Stability (00:03:37 - 00:04:29):   - The potential for large investment funds to pivot into real estate for more stability and how legislation could impact this shift. Brokering Rates and Financial Strategies (00:04:30 - 00:06:07):   - Negotiating broker rates and how this impacts the financial strategy and returns on investments. Market Predictions and Strategic Adjustments (00:06:07 - 00:07:27):   - Well-established agents will continue to thrive despite market changes, while newer agents might struggle, necessitating a shift to part-time work or other adaptations. Transparency and Ethics in Asset Valuation (00:07:27 - 00:12:26):   - The co-hosts explore the ethics and transparency of asset valuation in private equity and real estate, discussing the practice of marking to market and the implications of opaque valuation practices. Real Estate Investment and Portfolio Management (00:12:26 - 00:18:34):   - Discussion continues on the management of real estate investments, including strategies for handling underperforming assets and leveraging high-performing ones to cover losses. Closing Thoughts and Future Outlook (00:18:34 - 00:34:30):   - The conversation wraps up with thoughts on the future of private equity and real estate, exploring potential strategies for navigating an evolving market landscape and the role of innovative thinking in staying ahead.

Episode 18: Getting Deals Done: Real Estate Investing Journey Part 1 Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 18 the co-hosts discuss our recent real estate investments: How I lost thousands of dollars on a deal and why I had to walk awayHow I bounced back from the loss to close a different dealStrategies and tools to reduce investment mistakesThoughts on long distance investingDetails of the newly closed deal Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Intro -  00:05 Episode Description - 00:39 Walking away from a deal with thousands left on the table – 1:12 Warning signs the deal could go bad – 5:28 How I try to reduce investment mistakes –  10:15 Thoughts on long distance RE investing  –  13:25 In hindsight, what would I do differently with this deal –  16:58 Closing the new deal –  19:00 Why this property was selected –  21:16 Foreshadowing problems with the deal –  26:53 Next steps after closing –  30:12 Outro – 31:30

Episode 17: - Ok, So what’s up with Real Estate and Small Business Investing in 2024? Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 17 the co-hosts discuss the factors that impact real estate and small business investing for the year:  Interest Rate UncertaintyFavorable Small Business Industries Creative Financing (Seller Financing)The rise of available businesses for sale Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Intro -  00:05 Episode Description - 00:51 Business Buying Annual Insights Report (2023 Trends) – 1:25 Deal Multiples – 7:04 Real Estate Trends 9:28 Interest Rate Uncertainty – 10:45  Increased Competition – 16:08 Legislation: End Hedge Fund Control of American Homes Act – 18:02 Structuring your Deals Creatively – 20:13  How Seller Financing Works and why it is important – 23:22 Retail Businesses – 24:49 The increase of businesses for sale: more deal flow – 25:32 Continuing the Going Nuclear strategy and Closing – 26:28

Episode 16: - How tech is changing Real Estate Investing: The rise of REI digital platforms Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 16 the co-hosts discuss how technology is altering the way we invest in real estate:  Navigating the new environment with real estate investingDigital Real Estate Investing (REI) Platforms The proliferation of Build to Lease How we are finding ways to compete for deals Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Intro – 00:14 How we are preparing for the market this year - 1:46 REI Digital Platforms that share home equity with homeowners - 2:01  Is this the new hybrid model of rent to own - 8:34 If we are going to invest in this type of vehicle - 12:20 How would you compete with this type of investment - 14:19 Discussing another REI digital platform, Build to Lease - 16:52 Do you think the Build to Lease will continue - 20:48 What are the metrics you use to evaluate these investments - 24:26 How digital platforms impact the speed of deals - 29:07 Closing – 32:28

Episode 15: New Rules for maximizing returns  Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 15 the co-hosts explore how they are maximizing their investments and adapting to change:  how to remain financially stable despite uncertaintyseeking business and investment opportunitiesthe importance of compounding  business alliances Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Intro – 00:28 Why are there new rules for the economy – 1:07 Home prices skyrocketed - 4:03 Interest rate challenges - 6:35 New Car Prices - 7:15 Creating an action plan - 9:12 Focusing on income and going nuclear - 11:23 Altering views on the retirement timeline - 13:25 Spotting opportunities to create value - 15:03 Considering investment property first - 16:45 Kobe story & the power of compounding - 20:16 The importance of business partnerships - 22:51 Closing – 26:16

Episode 14: Against the Grain: Profiting from Unfavored Industries Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 14 the co-hosts explore the contrarian approach to investing and discuss how to identify hidden opportunities that are often overlooked. Discover the strategies, risks, and potential rewards of going against the grain in your investment portfolio. Whether you're a seasoned investor or just starting out, this episode will provide valuable insights into how to navigate and potentially profit from out-of-favor industries. Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Intro – 00:28 Examples of investing in unfavored industries – 1:07 Dealing with an unfavorable real estate situation 2:56 Warren Buffett quote: “…Fearful when others are greedy” - 6:31 Quote: Don’t time the market, put time in the market - 6:46 Determine why the business or industry is out of favor - 8:25 Structuring the deal to make sense - 11:27 The importance of financial forecasting - 13:01 Stay true to your core tenets - 15:22 Closing – 15:40    Notes:  PEG: Private Equity Group IB: Investment Banking

Episode 13: Real Estate vs. Buying a Business: The battle of the better investment Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 13 the co-hosts delve into the timeless debate of real estate investment versus buying a business. They explore the advantages of real estate, such as passive income streams and potential appreciation, while also delving into the drawbacks, including the need for substantial capital and market fluctuations. Conversely, the episode highlights the appeal of purchasing a business, citing opportunities for active involvement and potential for larger returns. Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Intro – 00:28 The pros of buying Real Estate – 1:52 Obtaining Capital: Ease of traditional financing – 2:20 Real Estate is “Passive Adjacent” – 3:04 Selling the asset leads to a simple exit – 04:25 Real Estate is tangible and has a clear business model – 5:29 The cons of Real Estate – 6:31 Is there a true ease of lifestyle? 7:26 Endless opportunity to improve the business vs needing to find another property – 10:31 Returns from Real Estate are (generally) less than small business acquisition – 10:42 Additional pros about (SMB) Small, Mid-Sized Businesses  Ability to Add value – 13:43     Freedom to create a deal structure that works – 15:20 Creative control – 16:19 Cons of buying (SMB) Small, Mid-Sized Businesses  The skill set required and level of risk involved – 17:00 Discussion about recourse vs. non-recourse loans – 18:06 This is NOT financial advice, speak with a licensed financial professional – 22:10 Closing – 22:57

Episode 12: Grifter’s Gimmicks: Know your Metrics, Save your wallet Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 12 the co-hosts break down the financial metrics that matter. Oftentimes the marketing from fake gurus tout large numbers of success or performance metrics that mean nothing to grab your attention. We identify the metrics that matter and the ones that do not.  Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 00:30 Why this episode is important - 1:23 Gross Rents vs. Cash Flow - 2:22 Total Portfolio Performance: 4:34 KPIs, What is that - 6:01 Real Estate Key Metrics - 6:05  Book with financial ratios for real estate: 11:55  Benchmarking to an Index - 12:53

Episode Description   Episode 11: Fake Financial Guru Red Flags: Our thoughts on Scammers and Grifters Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 11 the co-hosts talk about the landscape of online financial education media outlets and methods to protect yourself. Identifying red flags and doing research on individuals you intend to do business with are a few best practices.    Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 00:20 Discussing a specific Grifter: 1:32 Wall Street and the Chinese Wall policy: 2:35 Measuring Investment Performance: 4:29 Identifying red flags: 7:10 Tactics to protect yourself: 17:22 Parting thoughts: 19:18

Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 10 the co-hosts talk about how to obtain financing to buy a business when traditional options like bank loans are not available. What are the other financing options: Creative financing, seller financing.  Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 00:20 What is the first step to take: 02:15 Creative financing: 03:20 Motivated sellers: 04:25 Due diligence and negotiating terms: 06:48 Typical terms for seller financing: 12:15 What is an Earn out: 14:23 Additional creative financing solutions: 17:10 Firms that help secure business financing: 23:19 How co-host WEALTHfaire structured his deal: 26:54 Parting thoughts: 28:58

Episode 9: $1M Commercial Real Estate Deep Dive Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 9 the co-hosts talk about a commercial real estate deal they were considering purchasing. They discuss in detail about why or why not they are pursuing the deal.   Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.    Episode Introduction - 00:20 Why are we talking about this deal - 01:02 Deal Description - 02:02  The cap rate on the deal - 03:38 Other deal red flags - 04:12 Does the traffic (number of cars driving past the property) make the deal more attractive - 09:55 What is the price you would pay for this deal and how do you come up with your purchase price - 14:54 What tools (such as financial models) do you use to analyze your deals - 19:02 Not doing a bad deal is just as good as doing a good deal - 20:33 What makes your financial models so great -  21:12 What differentiates us at Point of More Returns - 21:52 We are accessible for questions and comments - 24:02

Episode Description   Episode 8: How to find a deal that’s worth it (Buying a Business) Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 8 the roles are reversed and WEALTHfaire interrogates the Masked Investor to screen potential businesses to buy on the spot! The Masked Investor reviews each deal and details why he would or would not invest in those potential deals and highlights his investment strategy.  Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 0:20 Roles Reversed  – 0:39 The Masked Investor’s investment strategy for buying businesses – 1:07 Investment Criteria - 5:18 Reviewing a deal - 6:00 WEALTHfaire picks a deal for The Masked investor to review on the spot - 8:14  What are “multiples” or “times cash” mean when buying a business - 12:13 Sites used to look for businesses to buy - 2:56 Summary - 20:01 Closing - 20:21

Episode Description   Episode 7: How I Find Potential Real Estate Deals in Minutes Welcome to Point of More Returns with your hosts: The Masked Investor and WEALTHfaire. In episode 7 the Masked Investor challenges WEALTHfaire to review real estate deals on the spot! WEALTHfaire reviews each property and details why he would or would not invest in those potential deals and highlights his investment strategy.  Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 0:20 Initial Screens for Real Estate Deals  – 1:01 Why creating an investment thesis and investment checklist is important  – 1:17 Detailing the Investment Checklist – 1:40 The 1% Rule (Rule of Thumb) - 2:43  Some of the rental software used to analyze deals - 3:15 Analyzing the operational expenses - 4:03 NOI (Net Operating Income) and Cap Rate - 6:07 Freestyle Real Estate Deal Analysis #1 - 7:33 Freestyle Real Estate Deal Analysis #2 - 11:58 Fed Interest Rate Forecasts for 2023 - 13:35 Deal success depends on the strategy - 14:32 Summary - 16:23 Closing - 20:21

Episode Description   Episode 6: Going Nuclear to reach your Goals  (Part 1) Welcome to Point of More Returns. In episode 6 we use the phrase “Going Nuclear!!” which means going all in on your goals with a laser focus. We discuss the impact this strategy has on your life and your business. We debate if going nuclear helps you reach your goals faster and the risks associated with such an approach. We discuss the pros and cons of going nuclear, our own experiences going nuclear and examples of high performing entrepreneurs who have also overcome extreme measures to achieve success. Does going nuclear enhance your self development and expedite your path to success? All of these answers are covered in this episode. Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 0:22 What does “Going Nuclear” mean?  – 1:43 Examples of successful entrepreneurs going nuclear  – 3:57 Explaining our experiences of going nuclear – 5:59  Are you being deliberate? – 7:14 Pros and Cons of Going Nuclear – 9:12  The Benefits of Going Nuclear – 9:39 The importance of delayed gratification – 13:18 The Cons of Going Nuclear – 15:31 Recent study (Wealthcare Financial) of US citizens needing 3M to retire – 22:14 Going nuclear is unsustainable over time  – 26:36 Example of Going Nuclear community – 27:43 What are some ways to work towards going nuclear? – 28:59 Additional examples of going nuclear success stories – 33:24   Article Source: Yahoo! Finance “Thanks to Inflation, Gen Z and Millennials Will Now Need $3M in Retirement Savings To Live Comfortably”

Episode 5: The Electric Vehicle Mandate and Auto Disruption   Welcome to Point of More Returns. In this episode 5 we discuss the California zero emissions electric vehicle mandate and the potential impact/disruption on the automotive industry. How are traditional automakers going to respond? Will there be a shift in vehicle production and what does the new automotive industry look like? What other industries and businesses will be impacted? Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 0:50 The Electric Vehicle/Gas car legislation in California by 2035 – 1:54 Will other states follow suit? – 2:42  Impact from an investment, risks, consumer impact – 3:05 The status of the current auto market – 4:28 When will the US convert to majority electric vehicles on the road? – 6:08 The ripple effect of electric cars impact on other industries – 8:22 Cathy Wood of ARK anticipates 45M EVs will be sold in the next 5 years (Barrons.com) – 10:51 Charging Stations – 14:23 Who are the key players in the electric vehicle movement – 17:41 What happens to the future price of EVs with increased production? - 19:03 Challenges of EV production with lithium batteries – 26:18 The solar panel movement may also pick up – 30:12 Going nuclear!! – 33:25

Episode Description   Episode 4: The Inflation Reduction Act  Welcome to Point of More Returns. In episode 4, we discuss the potential investment opportunities within the Inflation Reduction Act. What is the Inflation Reduction Act? What is the impact of this bill on the economy and small business owners? The Fed has increased interest rates in the past month. Economists are assuming there will be additional interest rate hikes.  Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation, goals, risk tolerance, etc. before making investment decisions. The topics discussed are our opinions and should not be taken as investment advice.  Episode Introduction - 0:50 Firms sometimes use changes in legislation for investment opportunities - 1:18 Summary of the Inflation Reduction Act - 2:09 Electric Vehicle Credit - 4:01 How the electric vehicle credit could impact demand and other industries and where to spot potential opportunities - 8:15 Is the US ready for a high demand of electric vehicles? - 10:19 Additional industries impacted by high electric vehicle demand - 13:19  Inflation Reduction Act’s impact on corporate tax - 15:59 Corporations can no longer “Double Report” their financial statements - 19:44 Excise tax on corporations’ stock buy backs - 20:26 Taxation of digital cash payment apps - 25:02 Drug prices in the Inflation Reduction Act - 29:55   Terms used in this episode:  EV - Electric Vehicle  PEG - Private Equity Group  Stock Buy Back - Also known as a share repurchase. Allows corporations to buy some of its stock, which reduces the shares outstanding.

Episode 3: Banks going to Zero? Welcome to Point of More Returns. In episode 3, we discuss the future state of banking. Are bank stocks going to zero? Are we moving to a cashless society? Will the defi trend continue? Are the other currency types here to stay?    Initial thoughts on the current state of the US Banking industry – 1:15 Specific pressures that the banks are facing  –  2:35 3 categories of banking: Payments, Investing, Lending – 3:30  Recent experience getting a bank loan for a transaction  – 5:22 Future state of banking in the next 5 to 10 years – 7:35  Lending is being revolutionized (web3, smart contracts) – 7:57 Banks going to zero? – 10:29 What does “going to zero” mean? – 11:16 Argument banks are not going to zero – 14:27 Smart contracts – 19:10 Alternative products – 25:54 Timing argument of banks going to zero – 27:19 Pace of banking’s decline – 28:27

Episode 2: The Real Estate Investment Thesis Welcome to Point of More Returns. In episode 2, we discuss our outlook on the real estate industry.   Disclaimer: Always seek investment advice from a licensed investment professional that has done a thorough analysis of your situation.We are seeing unprecedented times in the real estate market with hyper inflation, large investment companies investing in single family real estateHow will the shared economy and the gig economy reshape the real estate industry?You don’t want to LOSE YOUR SHIRT 4:56Will the US population change the outlook on real estate?What else could impact the real estate industry? Covid? Regulation?Additional challenges in the housing market? Competition? Work force? Raising rates?Is it hard to get a deal done currently? 11:40How will real estate be sold in the future? Will there be more aggregators, less agents? 13:39If I own property today, what should I do with it? 20:00The main 2 benefits of real estate investing: Cash Flow and Appreciation 21:15Investment time horizon 22:17Returns of the stock market vs. real estate investing 26:40Is there legislation that will impact real estate investing? 32:01Taxes and population 34:23What portfolio mix of real estate holdings should I own? Single Family, Small Multi-Family, Commercial Retail, Commercial Residential 37:45

Welcome to Point of More Returns. In episode 1, we discuss why we are starting an investment focused podcast. We explain our background, approach to investing such as an investment thesis and the challenges of online financial advice. What is Point of More Returns?  Why did we start this podcast? Who are these guys? Why has it been so hard to find sound financial advice online?  What are the benefits of listening to this pod? Why is an investment thesis so important? Do you have an investment checklist?