Rx Investor Podcast

Claude Condo & Jeff Stark

On the Rx Investor Podcast we interview healthcare professionals and business owners who have inspiring wealth-building stories. Our goal is to lift the veil on the most effective strategies in entrepreneurship, business growth, real estate, and investing so that YOU can add new streams of income and grow your wealth exponentially. Join our podcast hosts, Claude Condo and Jeff Stark, as they interview prominent individuals and investors, have some laughs along the way, and help the audience achieve financial independence.

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Episodes

From Psychiatry to Real Estate: Building Wealth and Impact with Dr. Elaine Stageberg.
Jun 29 2023
From Psychiatry to Real Estate: Building Wealth and Impact with Dr. Elaine Stageberg.
In this episode, Dr. Elaine Stageberg, a psychiatrist and mother of four, shares her inspiring journey to financial independence through real estate investing. From converting her primary home into a rental property to establishing Black Swan Real Estate, she now manages a third of a billion in assets. Driven by an investor-focused approach and a commitment to transparency, she emphasizes continuous learning, leadership development, and maintaining grace and humor. Join us as we delve into her remarkable story, highlighting the power of determination and the vast potential of real estate investment. Tune in to gain insights and inspiration for your own financial journey.Links mentioned:The Rate Guy The Real Estate Espressomeetblackswan.comDr. Elaine Stageberg’s Bio:Elaine Stageberg, MD, MHA is a psychiatrist, mother of 4, & Owner of Black Swan Real Estate. She owns & manages a portfolio of over $300M in assets under management. Through real estate investing, she reached financial freedom in her 30s and now helps others to do the same; Black Swan has delivered exceptional returns to hundreds of passive investors through their unique investor-focused private equity funds which enjoy no sponsor fees whatsoever, 100% return of capital to investors before any splits, and long-term returns and tax advantages, all coupled with socially conscious investing and at least 5% of profits donated to charity. Connect with her at meetblackswan.com.Tweetables:“How can I learn from this pain and how can I structure my life such that I don't feel this pain anymore?” [00:08:48]“So if you’re feeling pain, like ask yourself, what is this pain trying to teach me?” [00:10:39]“You just show up and say, how can I get a foot closer to my, my ideal future vision every single day?” [00:14:50]“Live today like no one will so that later you can live like no one can.” [00:20:04]“But it’s really not that far if you just choose to have a little bit of short-term pain in exchange for the long-term pain.” [00:20;57]The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Redefining Real Estate Investing: Insights from Nick Stageberg of Black Swan Real Estate
Jun 21 2023
Redefining Real Estate Investing: Insights from Nick Stageberg of Black Swan Real Estate
In this episode, we sit down with Nick Stageberg, owner of Black Swan Real Estate, a thriving investment and property management firm. Nick shares his inspiring journey to financial independence in his 30s and his mission to help others achieve the same. With a portfolio of over a thousand doors and assets exceeding $300 million, Nick emphasizes the power of adding value to properties through renovations and attracting ideal tenants. Discover how Black Swan's investor-focused private equity funds have delivered exceptional returns while maintaining a commitment to social consciousness through charitable donations. Join us as Nick unveils the unique Vertical Integrated strategy, shares insights on tax advantages, and emphasizes the importance of trustworthy partnerships.  Learn how strategic real estate investing can pave the way to financial independence and success. Tune in now!Links Mentioned:meetblackswan.comNick Stageberg’s Bio: Nick Stageberg is a career technologist, father to 4 children, and Owner of Black Swan Real Estate, a real estate investment and property management company. Along with his wife Elaine, Nick owns and manages a real estate portfolio of over 1,000 doors and more than $300M in assets under management. Through real estate investing, Nick reached financial freedom in his 30s and now helps others to do the same. Black Swan has delivered exceptional returns to hundreds of passive investors through their unique investor-focused private equity funds which enjoy no sponsor fees whatsoever, 100% return of capital to investors before any splits, and long-term returns and tax advantages, all coupled with socially conscious investing and at least 5% of profits donated to charity. Connect with Nick at meetblackswan.com. Tweetables:“I don't know why this is a revolutionary thought, but doing the right thing is actually the profitable thing to do.” (16:06)“If this was just about making money, this would not be interesting to us. This is about so much more than money.” (42:12)“If you take care of homeless people, the whole neighborhood does better. If you give homeless people a home, they're not homeless anymore.” (44:37)“If you lead with principle, if you lead with your heart, it's very easy to serve people.” (48:28)The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Tale of Transformation: From Federal Reserve Exec, to Self-Storage Investor, with Sergio Altomare
Jun 6 2023
Tale of Transformation: From Federal Reserve Exec, to Self-Storage Investor, with Sergio Altomare
In this episode, Sergio Altomare shares his journey from working at the Federal Reserve to becoming a successful real estate investor. He started as a file clerk and developed a passion for IT and technology. He transitioned into real estate investing with a focus on self-storage due to its recession resilience. He emphasizes the importance of cash flow and net worth in property investments and discusses the significance of strategic decision-making and building strong relationships. He also highlights the importance of stress tolerance, mindful habits, and eliminating ego to scale his business. His long-term vision includes building an elite company and launching a charitable organization focused on education.Links mentioned:BlinkistLinkedIn – Sergio Altomarehfirecapital.cominvestwithsergio.comSergio Altomare’s Bio:After transitioning into real estate as a side business in 2012, Sergio partnered with his wife Corinn to start Healthfire Holdings, a boutique real estate investment and property management company. In just eight short years, Hearthfire Holdings has built a portfolio of more than $50M in assets under management and syndicated over $12M in assets, returning more than $2M in profit and 25% IRR to investors. Property types have spanned in small multi-family, commercial, retail, and self-storage properties. Sergio has also flipped houses and rehabbed properties and multi-family developments. Tweetables:“I give 100% to every aspect of my life. And it starts with taking care of myself and my intentionality. My meditation, my faith, that goes into making sure that I am paying attention to what is most important.” (41:33)“Money is not most important. Most important is our purpose. Our biggest purpose in our household is to share impact, whether it be for our team, whether it be for our investors, to help people be exposed to investing, to building wealth for the entire life” (42:01)“We don't define wealth in terms of just net worth. It's about having a fulfilling, intentional life where you're able to have that purpose, follow your passions, be where you're at, where your heart is at.” (42:29)“but it's really about understanding your passions and what drive you.” (46:34)The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Turning Dreams into Deals and Crafting an Extraordinary Vision of Life, with Pasha Esfandiary
May 19 2023
Turning Dreams into Deals and Crafting an Extraordinary Vision of Life, with Pasha Esfandiary
Join us as we delve into the extraordinary life and career of Pasha Esfandiary in this captivating episode. Pasha's journey encompasses diverse experiences in real estate and entrepreneurship, including a lucrative stint as a professional poker player. With his sharp strategic thinking and calculated risks, he achieved financial success that surpassed even top executives. He made a pivotal decision to transition into the world of real estate, which he considered his ultimate end game. Throughout the episode, Pasha generously shares invaluable insights from his entrepreneurial journey, reflecting on the lessons he gleaned from poker and offering firsthand experiences navigating the dynamic real estate market. Prepare to be inspired by Pasha Esfandiary's remarkable story of charting an unconventional path and pursuing passions beyond the confines of convention. Don't miss out on this episode, where you'll gain exclusive insights from Pasha, a real estate flipper, investor, professional poker player, and the visionary founder of the Evoke Capital Fund. Links mentioned in today's episode:Evoke CapitalRoad to 100About Pasha EsfandiaryPasha Esfandiary started his real estate career in 2011, flipping auctioned homes. With over $250 million in transactions, he has worked on various property types, including residential homes, boutique motels, and large multifamily properties. In 2021, Pasha founded Evoke Capital to help others achieve financial freedom through real estate. With a focus on community development, Evoke Capital aims to provide more than just housing, fostering educational resources and empowering residents to thrive. Pasha's commitment to growth ensures that Evoke Capital is just beginning its real estate journey.Tweetables:“I get super like crystal freaking clear of my vision and who I want to be in my vision and I emotionally attach myself to that vision.” (15:06:0662)“Would I rather listen to my limiting belief or would I rather live in my vision?” (17:56:642)“Whatever you think about, you become.” (19:10:826)“And when there’s good communication and trust there, you can weather the storm.” ((33:43:922)“If I could teach any child the power of I can go accomplish this, just that one thought alone can change the trajectory of somebody’s life tremendously.” (46:56:618)“Environment is stronger than willpower until willpower is stronger than the environment.” (48:21:678)The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Embracing Discomfort & Writing Your Own Story with Jessica Smith Dos Santos
May 9 2023
Embracing Discomfort & Writing Your Own Story with Jessica Smith Dos Santos
Welcome to our podcast featuring special guest Jessica Smith Dos Santos, a life coach who will challenge you to think differently about the choices you make in your life.In this episode, Jessica discusses the idea of making decisions and the importance of being willing to embrace discomfort in order to achieve your goals. She poses thought-provoking questions such as, "What are the things in your life that you are sick and tired of?" and "How willing are you to be uncomfortable?" Jessica encourages listeners to reflect on their own lives and to consider whether they are truly ready to let go of old patterns and habits that no longer serve them.Through her own personal experiences, 17 years of nursing, and insights gained from working with clients, Jessica highlights the fact that deciding to make a change means giving death to all other options. She reminds us that life is not going to get easier or more comfortable, and that we must be emotionally prepared to cope with the discomfort that comes with growth and change. Ultimately, she challenges us to ask ourselves, "Am I willing to be uncomfortable in order to create a new and better story for my life?"Tune in to this inspiring conversation to gain new perspectives and motivation to make the changes you want in your life.Links from today's episode:Jessica's FacebookDr. Anderson Conscience Leadership ForumAbout Jessica Smith Dos Santos:Jessica Smith Dos Santos is a high-level business mentor who helps health coaches to successfully grow and scale their coaching businesses. Unlike traditional coaching programs that teach only the basics and leave you to build your business on your own, Jessica's 1:1 apprenticeship model teaches you how to grow and scale your business while maximizing income and impact from the very beginning.The focus of Jessica's coaching is on empowering clients in their physical, mental, and financial health by breaking the chains of poor lifestyle habits through habit retraining. Her ultimate goal is to help her clients learn the skills needed to love the lives they live.Jessica's background is in nursing, and after 17 years of frustration with serving people within the confines of a healthcare system that only reacts to illness, she decided to retire from her nursing career. Her experience has taught her that merely helping people to live with disease is not her calling, and that she wants to make a bigger impact on people's lives.If you're looking to take your health coaching business to the next level and maximize your impact and income, Jessica Smith Dos Santos is a mentor who can help you achieve your goals.Tweetables:To decide means to give death to all other options.How will are you to uncomfortable?What is one thing in your life you are sick and tired of?I am no longer willing for this to be my life story.The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Diversify Your Skills and Investments to Prepare for Future Changes in the Industry with Kayla Smith
Apr 25 2023
Diversify Your Skills and Investments to Prepare for Future Changes in the Industry with Kayla Smith
Welcome to this episode of our podcast! Today, we have a special guest, Kalya Smith, a graduate student who will share her perspective on collecting skills and preparing for uncertainty.In a rapidly changing world, it's essential to equip ourselves with skills that will help us navigate uncertain times. Kalya has been collecting skills throughout her academic journey, and she'll discuss how she's been able to apply these skills in various aspects of her life.Kalya will also share her thoughts on how she's been preparing for uncertainty, not just in her career but also in her personal life. She'll offer practical tips and insights on how you can start building your skillset and preparing for whatever the future holds.So sit back, relax, and tune in to this exciting episode as we hear from Kalya Smith and gain valuable insights on collecting skills and preparing for uncertainty.WATCH EPISODE HERETweetables:“It takes a lifetime to build your name but a minute to destroy it.” [00:24:01]“You do have to protect your reputation and ensure you're doing right by everybody as much as you can even if it means passing on deals to do so.” [00:24:12]“Abundant caution is the rule of the day.”  [00:31:00]The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
From Flipper to Lender and Lessons Learned Along the Way with Yoav Gilad
Apr 11 2023
From Flipper to Lender and Lessons Learned Along the Way with Yoav Gilad
Being able to pivot in the real estate investing business is a valuable key to success. Our guest, Yoav Gilad, did that as he transitioned from flipper to lender. It hasn’t been an easy journey for him. He faced many challenges and made mistakes along the way that might have cost him much, but the lessons learned are valuable to him and everyone who hears and learns from his story. Key Points from This Episode:How did Yoav and his wife learn about house hacking and what were their initial steps?What did they gain from enrolling in a $40,000 real estate course?What challenges did they encounter in remotely buying houses through county tax auctions?How did he discover lending? What path led him from being a flipper to a lender? Did they have to get another training to start their lending business? What was their first step?How long have they been in the private lending business and how did they scale from their first deal to becoming full-time lenders in 44 states?As private lenders, who do they like to partner with? Do they prefer a specific niche to help finance?What are the kind of deals that they don’t like to fund?The story of a deal that went wrong.Given the current market trend and rising interest rates, what are his insights and advice as a private lender to other investors?Tweetables:“It takes a lifetime to build your name but a minute to destroy it.” [00:24:01]“You do have to protect your reputation and ensure you're doing right by everybody as much as you can even if it means passing on deals to do so.” [00:24:12]“Abundant caution is the rule of the day.”  [00:31:00]Links Mentioned:Green Block websiteYoav Gilad on LinkedInAbout Yoav GiladYoav began investing in real estate in 2007, just in time for his first rental purchase to lose half its value. Fortunately, he hadn’t quit his day job just yet. After the recovery, Yoav and his wife and partner, Marcia, flipped houses, wrote land-contract deals, and BRRR’d other homes. When someone coincidentally approached the Gilads for a loan, they incorporated Green Block and wrote their first loan. They are now full-time private lenders in 44 states, with investors across the country. Additionally, they have participated in multiple syndications and were key partners in their first deal, a 98-unit, last year. Yes, the rate is locked (at 4.25%) and the property is performing well.Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInSubscribe to our newsletter!The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Keep Investing, but Always Calibrate Your Strategy! with Andrew Cushman
Apr 4 2023
Keep Investing, but Always Calibrate Your Strategy! with Andrew Cushman
Today, we sit with someone who has made it big in the multifamily industry, Andrew Cushman. We pick his brain on how to successfully invest in real estate even in the midst of rising interest rates and a lot of uncertainties in the market. Learn how to vet a sponsor, get genuine referrals, and know when to do a deal. You’ll get tons of value and investing strategies in this episode so be sure to tune in!Key Points from This Episode:Andrew’s background as a chemical engineer.Andrew’s transition from leaving his job into full-time house flipping.Andrew’s transition from house flipping into apartment units.Andrew explains what a real estate syndication, limited partner, and general partner are.How to vet a sponsor and get a genuine referral.The value of detailed, complete and transparent communication with investors.A good strategy for syndicators to know when to do a deal.Andrew explains the big difference in the multifamily space from when the financial crisis hit in 2008 to the recession and financial crisis happening now.What opportunities does Andrew see in the multifamily market in the midst of rising interest rates?Andrew’s advice for people who are unsure if it’s a good time to invest because of the uncertainties in the market.Andrew shares the lessons he learned from past mistakes as an investor.Tweetables:“You are investing more in that sponsor than you are in any particular deal.” [00:10:04]“You cannot time the market, you have to buy the right assets in the right place and structure them properly. And then make sure that you have plenty of flexibility on the exit.”  [00:22:13]“It's not, ‘Don't invest,’ it's ‘Change the strategy’ to fit the market that we're in so that you can still make successful investments.”  [00:33:02]Links Mentioned:Andrew Cushman on LinkedInVantage Point Acquisitions (VPACQ) websiteThe Hands-Off Investor by Brian BurkeMacro Voices PodcastDerivative Logic websiteGlobe Street BisnowAbout Andrew CushmanAndrew Cushman is a former chemical engineer who found his entrepreneurial calling in real estate. In 2007, Andrew left his corporate position to start a business in real estate investment, starting off flipping single-family properties in Southern California. Sensing a shift in the market, in 2011 Andrew transitioned to multifamily acquisitions and has successfully syndicated and repositioned over 2,600 multifamily units. He is a frequent guest and panelist on Real Estate podcasts and educational forums. Outside of the business world, Andrew has been a certified alpine ski instructor and when not working in real estate enjoys surfing, backcountry skiing, and trying to not be outwitted by his two young children.Connect with us!Claude Condo on LinkedInThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Understanding the Real Estate Game in Today's Market with Jason Hartman
Mar 28 2023
Understanding the Real Estate Game in Today's Market with Jason Hartman
Today, we sit with Jason Hartman. He is the CEO of Empowered Investor and Real Estate Tools. Jason has developed many investing strategies, and in today’s episode, he’ll dive into one that will help you understand the real estate game in today’s market and inflationary environment.  Our conversation zeroes in on his “Inflation-Induced Debt Destruction” strategy, which teaches how borrowers can benefit from inflation. Jason also discusses the three different types of markets, which market to avoid and which to invest in. Enjoy the show!Key Points from This Episode:Timing the market is difficult and usually doesn’t work.The real estate game is not really about capital appreciation.Real wealth is created by understanding the math of the market and holding the assets for the long term.Understanding the three major types of markets: linear, cyclical, and hybridHow to identify if the market is linear, cyclical or hybrid.Why must investors avoid cyclical markets and invest in linear ones?Two value drivers for any asset: scarcity and utilityUnderstanding Inflation-Induced Debt Destruction (IIDD).How to use inflation to redistribute wealth.How can borrowers benefit from inflation?Are there still risks in investing even in linear markets and using the IIDD strategy?Tweetables:“Timing the market is kind of a fool's errand in any asset class. People that try to time the market in precious metals, stocks, bonds, cryptocurrency, real estate —it never really works. What works is being in the market and being in the game.”  [00:03:08]“The real wealthy people are value-oriented investors who buy and hold assets over the long term.” [00:05:27]“Inflation destroys the value of savings, stocks, bonds, and even equity in real estate. But thankfully, it destroys the value of debt.” [00:17:16]Links Mentioned:JasonHartman.com1984 by George OrwellAbout Jason HartmanJason Hartman® is the CEO of Empowered Investor and Real Estate Tools.  Starting with very little, Jason, while still in college at 19, embarked on a career in real estate while brokering properties for clients. He was investing in his portfolio along the way. Jason purchased an Irvine, California real estate brokerage firm which he expanded dramatically and was later acquired by Coldwell Banker. He combined his dedication and business talents to become a successful entrepreneur, public speaker, author, and media personality. Over the years, he developed his Complete Solution for Real Estate Investors™, where his innovative firm educates and assists investors in acquiring prudent investments nationwide for their portfolio. Jason’s highly sought-after educational events, speaking engagements, and ultra-hot “Creating Wealth Podcast” inspire and empower hundreds of thousands in 164 countries worldwide. Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInSubscribe to our newsletter!The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
State of the Market & Mastermind Takeaways, with Jeff Stark & Claude Condo
Mar 21 2023
State of the Market & Mastermind Takeaways, with Jeff Stark & Claude Condo
In today’s episode, we give you an update on the state of the market and our takeaways on the commercial real estate mastermind we have just been to. Being surrounded by a community of people with the same passion is a great way to reset and get back to a healthy baseline, network with people and build new friendships with which you could do business. That’s why we encourage you to become part of a mastermind group that you can learn from and that will hold you accountable to go farther in your business or investment.Our conversation also zeroes in on the state of the real estate market. We have witnessed how the market has changed drastically over the last six months. Interest rates continue to rise and the banks are becoming stricter and picky about the deals they want to finance. However, it is still a good time to invest. We’ll explain that further in this episode and also talk about different investing strategies on how to take advantage of the current market, so be sure to join us!Key Points from This Episode:Most investors stay on the sidelines because of high interest rates and uncertainties in the real estate market. However, the right time to invest is now.How can investors strategize and take advantage of the market?The importance and benefits of joining masterminds and participating in a community.Claude’s insights on the state of the market for real estate and other businesses.What’s the possibility of getting higher returns because of the changes taking place in the marketplace?Claude’s vision on what will continue to happen in the market for the next six months.What to prepare for and expect for investors with bridge loans.What opportunities are available for people with money who want to grow it differently?Tweetables:“It's not just buying deals, deals and deals; it's actually studying the market.” —Claude Condo  [00:03:45]“You've got to get around other people and expose yourself to ideas that are coming from other people's brains. That is where the magic happens. That is where you learn and that is where you grow.” —Jeff Stark [00:09:47]“It's always about seasons. There's a season to sow, there’s a season to reap. So, I think this is the season to sow and work strategies.” —Claude Condo [00:11:41]“There's the possibility for getting higher returns because of the change in the marketplace. They're slightly better than they have been over the past few quarters, maybe a few years even.” —Jeff Stark [00:14:46]Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInSubscribe to our newsletter!The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
The BENEFITS of Commercial vs Residential Real Estate & Market Insights! with Kevin Amolsch
Feb 28 2023
The BENEFITS of Commercial vs Residential Real Estate & Market Insights! with Kevin Amolsch
Today our guest, Kevin Amolsch, shares his real estate journey as an investor and private money lender. He learned early on how to buy properties with owner-type financing. He became successful by making phone calls to motivated sellers, people in foreclosure, or landlords going through evictions. He developed a structure to help these people solve their payment problems and profit from it. And what started as just a desire to make money became a passion to help and support charities and kids.Also, in this episode, you’ll learn the strengths and weaknesses of investing in residential and commercial real estate, syndications, and private funds. But the best way to choose where to invest your hard-earned money is to know which offer fits your risk tolerance, personality and investment criteria. Listen now and enjoy the show!Key Points from This Episode:A brief background on Kevin and how his journey in real estate started.The problems Kevin encountered with his very first tenant.Kevin’s transition from residential to commercial real estate.The pros and cons of investing in syndications.What is the role of SEC?The difference between accredited and non-accredited investors.How to qualify as an accredited investor.What is the average minimum investment in a public fund?The strengths and weaknesses of investing in residential and commercial real estate.Kevin’s thoughts and predictions on the residential and commercial real estate market and his advice for new investors.Tweetables:“It’s your ‘why.’ Why are you listening to this podcast? Why are you interested in investing in real estate? It’s got to be bigger than you.”  [00:08:58]“If failure is part of it, you have to trip up, you have to make mistakes or you’re not going to be successful.” [00:09:47]“I think investing in Main Street over Wall Street is going to produce far better results.” [00:36:22]Links Mentioned:Kevin Amolsch on LinkedInKevin Amolsch on FacebookPine Financial Group website45-Day Investor (book)About Kevin AmolschKevin Amolsch is a successful real estate investor and private money lender.  He earned his degree in Finance after serving four years in the US Army. After college, Kevin spent two years working with Wall Street as a Mortgage Bond Analyst before leaving to work in real estate financing for investors full time. He and his companies have closed on over 2,400 transactions as a buyer, seller or private money lender. He has spent 2 decades as a real estate investor and 16 years in real estate lending. He is the author of The 45-Day Investor, a frequent speaker, and has been quoted in The Las Vegas Review Journal, The Denver Post, Yahoo Real Estate, Denver Business Journal, and Forbes.Connect with us!Claude Condo on LinkeThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Mindset, Habits and Routines to Optimize Health and Achieve Peak Performance with Ryan Kennedy
Feb 21 2023
Mindset, Habits and Routines to Optimize Health and Achieve Peak Performance with Ryan Kennedy
How we feel impacts how we show up in our businesses and families. So today, we sit down with Ryan Kennedy, a Functional Medicine Practitioner and Board-Certified Clinical Nutritionist, to learn simple and natural strategies that will change our mindset about health and help us establish routines to improve our performance. Lack of time is the number one excuse people use, especially “busy” professionals, to justify their unhealthy lifestyle. But we must all realize that our health and wellness are more important than money and business. Now is the time to act! Listen now to learn the best way to start your journey to amazing health! Key Points from This Episode:How to optimize sleep and the benefits of complete and quality sleep.Simple stress management strategies to start on.Time-efficient ways to integrate health improvement practices into your busy schedule.Natural ways to deal with chronic diseases.Proper eating habits and the best way to harness the benefits of fasting.Two basic health principles for men and women.Natural and holistic ways to boost testosterone.Causes and remedies for behavioral disabilities in kids.Tweetables:“Sleep is sacred.” [00:09:49]“Stress is a killer.” [00:10:49]“Good sleep starts in the morning.” [00:15:52]“Humans are suffering right now because we’ve been so domesticated, we’ve been so removed from the natural environment that enables us to thrive.” [00:17:55]“Our health and our wellness are more important than money and business at the end of the day.” [00:38:03]Links Mentioned:The Ryan Kennedy Show (podcast)Ryan Kennedy Health websiteRyan Kennedy on InstagramRyan Kennedy on YouTubeGiveaway from Ryan Kennedy!The Gap and the Gain (book)The Drive podcastAbout Ryan KennedyRyan Kennedy is a Functional Medicine Practitioner and Board-Certified Clinical Nutritionist who helps people improve their health through lifestyle and dietary changes. He works with entrepreneurs and busy professionals utilizing efficient & targeted approaches to maximize their performance, longevity, and quality of life. Ryan has dedicated his life to helping people become the healthy, happy, empowered versions of themselves through lifestyle adjustments. One of his greatest joys is to work with people who have struggled with their health for years, to give them the exact steps and coaching they need, and see them transform for good.Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInSubscribe to our newsletter!The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Should I Pay Off Debt or Invest in Real Estate? Plus, Creative Ways to Finance an Investment with Steven Nguyen
Feb 14 2023
Should I Pay Off Debt or Invest in Real Estate? Plus, Creative Ways to Finance an Investment with Steven Nguyen
Steven Nguyen graduated from pharmacy school with a whopping $250,000 student loan. For four years he focused on trying to pay it off. He achieved his goal and invested in real estate after that. Now, Steven works as a hospital pharmacy director but he also earns passive income through commercial real estate.  But, if he were to go back and do it again, knowing what he knows now, would he still focus on paying off his debt or start investing in real estate at once?In this episode, you will also learn creative ways to finance your investment if you don’t have a huge capital on hand. So hit that play button now!Key Points from This Episode:Why Steven chose to be a pharmacist and how he got into it.Get out of bad debt and learn how to use and manage good debt.How to pay off a $250,000 student loan in four years.What to do after you have paid off your student debt.Why is it better to invest in real estate before paying off your student debt?Learn house hacking tips.Learn how to transition from house hacking to commercial real estate.Learn how commercial real estate investing works.Why is commercial real estate better than single-family?Creative ways to finance your real estate investments.Three options for seller financing.Different financing tools and concepts in real estate.Tweetables:“Keep that student mentality, that poor college student mentality, keep your living expense low, and save the difference. From there, once you saved money and you get into the habit of saving money, you’ve got plenty of options. You can just pay off your student loans if you want to or you can save it for a down payment on a house and house hack the property.” [00:17:20]“What’s beautiful about multifamily is creative financing.” [00:27:24]“Everything takes practice. It took me three years to become a pharmacist and two, three years to feel comfortable as a pharmacist. Same thing as a director. Same thing in real estate. It just takes repetitions. But what’s very fortunate about real estate is you don’t have to reinvent the wheel.” [00:37:04]Links Mentioned:Link to Steven Nguyen's social media accountsGiveaway! Sign up here for a chance to win the Making Multifamily Money course for free!About Steven NguyenBorn and raised in the Bay Area, CA, Steven graduated from pharmacy school in 2013. He has been a hospital pharmacy director for the past 5 years. He owns 90 units of real estate – two apartment complexes, a mobile home park, and five single-family homes – without any partners while working full time. Steven offers a course and mentorship called Making Multifamily Money which includes a direct mailing automation service and one-on-one coaching.Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInSubscribe to our newsletter!The main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Investing in Commercial Real Estate with the Right Mindset, Habits, and Virtues with Tanh Truong
Feb 7 2023
Investing in Commercial Real Estate with the Right Mindset, Habits, and Virtues with Tanh Truong
Our guest, Tanh Truong believes that the most valuable commodity anyone possesses is time. That is why he transitioned from his career as a pharmacist into becoming a commercial real estate investor. Tanh learned about real estate as he was taking up his Doctorate in Pharmacy. Tanh came from very humble beginnings. They were immigrants to the U.S. and growing up he faced difficult challenges in his studies from preschool to pharmacy school. What mindset, habits, and virtues shaped Tanh and helped him overcome adversity and become successful? Listen now to find out!Key Points from This Episode:Tanh Truong’s humble beginnings.The challenges he faced in his schooling as an immigrant.Why his parents placed a high value on education. How his parents afforded to send him to pharmacy school.How he became a full-time commercial real estate investor.Tanh Truong’s mindset and habits that helped him get out of a poor background to become a successful investor.How Tanh started acquiring small multifamily properties.How the residential assisted living model helped him to scale faster.How Covid affected his business plan. Why he transitioned to commercial real estate.Tanh’s advice on how to reach $5 million.How Tanh finds good business partnerships.The habits and virtues that are the most impactful for him in his investing journey.How Tanh found his mentor by providing value.What does Tanh enjoy the most now and what are his goals for the future?Tweetables:“Learning is one thing but putting it into action is another.” [00:16:46]“Your foundation has to be the strongest. You have to understand what you’re getting into. If you don’t understand what you’re investing in, you should not be investing in it.” [00:24:34]“Integrity and transparency are, probably, two of the biggest characteristics that you can have, two of the strongest when it comes to operating a business.” [00:32:45]Links Mentioned:Proton Profits websiteTanh Truong on LinkedInTanh Truong on FacebookTanh Truong on InstagramInvestor’s Podcast NetworkTony Robbins PodcastEd Mylett PodcastAbout Tanh TruongTanh Truong is a former pharmacist turned full-time commercial real estate investor. He is the founder of Proton Capital and now controls over a quarter million square feet of commercial space. A thoroughbred of Cincinnati, he invests in high-yielding assets and higher-yielding relationships. Aside from investing, Tanh is a connoisseur of finance with a macro focus, a foodie, and an aspiring author.Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Accomplish Anything in Life by Being Intentional, Creating a Plan, and Taking the First Step with Frank Macias
Jan 31 2023
Accomplish Anything in Life by Being Intentional, Creating a Plan, and Taking the First Step with Frank Macias
Are you graduating from college with a huge amount of student loans? Listen to Frank Macia’s story of how he got out of his student debt by being intentional, creating a plan, mitigating life’s expenses, and taking the first step toward his goal.Because of his desire to achieve financial freedom, Frank explored other ways to earn more income. He discovered real estate and learned how to house hack and do short-term rentals. He experienced challenges along the way but he was able to get through them and learn valuable lessons. Listen now! Key Points from This Episode:How Frank started as a pharmacist.Why he invested in real estate.His initial steps moving towards his vision and goal of financial freedom.How Frank's journey in real estate investing started.How he financed the lot he bought while still paying off his student loan.The setbacks of building a house from scratch and how Frank solved them.The advantages of getting a builder. Frank’s advice to pharmacists who graduated from school with a huge loan? Which should they prioritize – paying off their student loan or saving for an investment?The benefits of investing in real estate for a pharmacist.Why does Frank love house hacking?The tax benefits of real estate investing.Tweetable:“If you want to accomplish anything in your life, whether it’s career or financial goals, then you have to have some type of planning. You have to have some type of intentionality.” [00:10:06]Links Mentioned:Email Frank MaciasFrank Macias on FacebookFrank’s ListingsBuilding an Investment Property with Frank Macias, PharmDThe Real Estate RobinsonsGordon Ramsay’s podcastSTR Unfiltered podcastThe Short-Term ShowAbout Frank Macias, PharmDFrank Macias graduated from Mercer University in Atlanta, GA in 2017 and worked as a pediatric pharmacist for Children’s Healthcare of Atlanta for 1 year.  He moved back to Florida and worked full-time as a retail pharmacist and part-time at a pediatric hospital. Later on, he made the transition from retail to hospital. He worked as an evening staff pharmacist for about 4 years and transitioned to daytime.  As of now, Frank has been doing short-term rentals for half of the duplex and his initial single-family home since April of 2022. He self-manages the properties as they are on-site. Frank handles all the guest communications, listing management, pricing, maintenance and reservations while his wife handles the coordination of the cleaners, final inspections, supply ordering, and payroll.Connect with us!Claude Condo on LinkedInJeff Stark on LinkedInThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Align Your Investment with Your Goals, Surround Yourself with the Experts in Your Niche and Get the Passive Income that will Empower You to Do More with Dr. Rachel Gainsbrugh
Jan 24 2023
Align Your Investment with Your Goals, Surround Yourself with the Experts in Your Niche and Get the Passive Income that will Empower You to Do More with Dr. Rachel Gainsbrugh
Dr. Rachel Gainsbrugh’s mission is to build a luxury short-term rental portfolio with as many women, mothers, and entrepreneurs as possible. Her goal is to generate passive income so she can have more time to spend with her family and passion. She believes in the importance of aligning her investments with her goals. So, after looking at all the investment strategies, she knew that real estate was the best vehicle for her. Dr. Gainsbrugh wants to help women in healthcare learn how to invest because she wants to provide her fellow pharmacists with options so that they can have the confidence to say no to things they disagree with or don’t like to do. If you are seeking to invest in real estate or start your own business, take Dr. Gainsbrugh’s advice to surround yourself with like-minded people, learn, and seek help from the experts in your niche. Key Points from This Episode:Dr. Gainsbrugh graduated with half a million dollars in student loans!Joining communities of like-minded people who are focused on paying off their debts helped her to get out of her loans.Having an accountability group would greatly help someone battling with debts.How did Dr. Gainsbrugh start to move towards investing in real estate and gaining passive income?What led her to invest in short-term rentals?It is crucial to align your goals with your investments.How to know if your goals and investments are in alignment.Learn to ask for help and lean on the information from experts in the specific niche you want to invest in.The lessons Dr. Gainsbrugh learned from her first deal that prepared her for the deals that came after it.Dr. Gainsbrugh touches on the regulations for HOAs.Dr. Gainsbrugh’s goal in 2023 for women in healthcare.Tweetables:“If your investment is not in alignment with what your goals are, that has to change in 2023. Rethink that in 2023. Alignment is so important.” [00:19:35]“Just one investment that’s bringing in some income gives you a little bit of breathing room.” [00:28:18]“When you surround yourself with investors who are all focused on accomplishing that goal of achieving passive income, that’s where all of the nuggets are gonna be found.” [00:31:48]Links Mentioned:Dr. Gainsbrugh’s websiteTop 75 Cities for Short-Term Rentals in 2022Who not How (book)About Dr. Rachel GainsbrughBorn in Haiti, the poorest country in the Western Hemisphere, Dr. Rachel was driven to make a difference and not take her parents' sacrifices for granted. She graduated with a whopping $500,000 in student loan debt. She struggled, burned the candle at both ends, worked multiple extra hospital shifts to pay it off… until she discovered real estate and digital courses.Fast forward to now, Dr. Rachel is a semi-retired pharmacist, Luxury AirBNB Real Estate Investor, Educator, Public Speaker, Podcast Host, Course Creator, Coach, and a mom to two boys 24/7! Connect with us!Claude Condo on LinkedInThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
Living with Purpose, Joy, Inspiration, and Serving Others in EVERY Stage of Life with Tim Rhode
Jan 17 2023
Living with Purpose, Joy, Inspiration, and Serving Others in EVERY Stage of Life with Tim Rhode
Tim Rhode achieved financial freedom by age 40 and currently has 25 income streams! How did he do it? What helped him find his purpose and passion?Tim re-invented himself, changed his mindset, and connected the data points in his life until he achieved his dream of having a business where he could mentor and serve people. Investing in real estate changed his direction and enabled him to find his purpose and live with joy and inspiration. Key Points from This Episode:Being financially free, Tim enjoys life and look for opportunities to serve, fit in, and help his family and community.Changing mindsets from a clerk to RE investor.Taking all the necessary steps to learn about RE.How his first three RE transactions changed his direction in life.Discovering his new identity at 40.Know and connect the data points in your life to discover your gift and passion.How did Tim know about his gift of giving and serving others? What pushed him to do it?Tweetables:“You have a new identity sitting out in front of you. You just haven’t have the courage to tell your brain, ‘It is time!’” [00:15:34]“The keyword is data points. You gotta get away from your life and just get out and get your heart rate elevated and start putting these data points together.”  [00:16:33]“Get the courage to do the thing that you know you need to do and you know you don’t want to do it.” [00:44:46]Links Mentioned:The Quitter’s Manifesto (book)Why Doctors Don’t Get Rich (book)1Life Fully Lived websiteGoBundance websiteFollow Your Different podcast by Christopher LockheadAbout Tim RhodeTim would tell you that he got off to a slow start. After growing up in the rural town of Portola in Northern California and barely graduating high school, Tim Rhode found himself at the age of 25 working as a grocery clerk with two young children to provide for. He eventually found his “niche” selling real estate; and from 1986 to 2000, he sold over 2,500 homes and from 1997 to 2006 he invested in over 100 properties. Tim focused on saving money, keeping his expenses low, and playing solid “financial defense” which allowed him to basically retire, and he was financially free at the age of 40.  Not wanting to play hike, bike or ski all day, Tim threw his energy into his true passion: helping people thrive and live their most fulfilling life. He founded the nonprofit 1Life Fully Lived to help people of all ages gain the tools and skills they need to thrive and also co-founded GoBundance, a high-level mastermind, with David Osborn, Pat Hiban and Mike McCarthy to help healthy, wealthy, generous people lead epic lives. We have a women’s tribe now! Tim has also authored and co-authored numerous books such as Tribe Of Millionaires and The Quitters Manifesto and has been featured on a variety of podcasts and media outlets.  He now lives near his children in the High Sierras with his wife and dog.Connect with us!Claude Condo on LinkedInThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter
The Roadmap! A Challenge to Live Minimally, so that You Can Eventually Live Richly with Dr. Nathan Smith
Jan 10 2023
The Roadmap! A Challenge to Live Minimally, so that You Can Eventually Live Richly with Dr. Nathan Smith
Dr. Nathan Smith believes that if you want to get financially free early in life, you have to be fanatical. He was still a student in pharmacy school when his real estate investment journey began. By the age of 30, Dr. Smith was already financially free. How did he start and where did he get his capital? His secret sauce is to live minimally, so you can eventually live richly. Listen as Dr. Smith shares his real estate investing roadmap with us in this episode!Where and how to get capital is one of the biggest challenges in real estate investment. So be all ears up to the end as Dr. Smith shares creative ways and strategies to finance acquisitions. He goes into detail about seller financing and how to approach property owners. Enjoy the show!Key Points from This Episode:Dr. Smith’s background and why he chose PharmD over MD.Investing in real estate while studying pharmacy.How he educated himself about real estate investing.His first house hack.Why he focused on the student rental market.Why seller financing is a great strategy for Dr. Smith.How to make the first touch with a property owner.Ways to finance an acquisition.Why is he diverting his focus away from student housing now? Failures and lessons in his real estate investing journey.How pharmacy helped him in his real estate investing. Nate’s advice for risk-averse pharmacists and his roadmap to get you started in real estate investing.Tweetables:“If you will put up with what most people won’t put up with, you’ll have what most people won’t have.” [00:17:33]“The way that you become financially independent, generally, is cash flow.” [00:19:03]“As long as we’re disciplined in our personal lives, pharmacy provides us with such a great income. It bailed me out many, many times. I always made sure to live below my means.” [00:45:15]Links Mentioned:Dr. Nathan Smith on YouTubeDr. Nathan Smith on FacebookDr. Nathan Smith on InstagramThe All-In PodcastE192: Finding Triumph in Creative Financing with Nathan SmithEpisode 111 - Seller Financing: A Creative Tool For A Changing Market With Nathaniel SmithAbout Dr. Nathan SmithNathan Smith is a real estate investor and an industry leader in creative financing and asset management. He owns over 200 doors, totaling approximately 24 million dollars in assets. Nathan has founded multiple real estate businesses including “Clearwater Capital Group,” a real estate investment company that delivers dependable cash flow and appreciation, and “Live in Eau Claire,” a property management company that managed over 1,000 units at the time of his exit. One of Nathan’s passions is teaching others about the power of investing in real estate.Connect with us!Claude Condo on LinkedInJeff Stark on LinkThe main sponsor of our podcast is Rx Real Estate Investment. They make everything we do possible, and our conversations and interviews would not be available without their support. If you want to diversify your retirement portfolio and get into commercial real estate investing, working with Rx Real Estate Investment may be a great match for you. Check out the website at www.rxrei.com. Connect with us!Jeff StarkClaude CondoNewsletter