Real Estate Investor Podcast

Gary Lipsky

Welcome to the Real Estate Investor Podcast. Your host, Gary Lipsky of Break of Day Capital, has more than 30 years of operations and management experience and over 20 years in real estate investing worth over $1/4 Billion.  He talks to leading experts to discuss a wide range of subjects to educate investors on best in class practices to build legacy wealth and positively impact communities. 100% straight talk.

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Episode #169: Colm McEvilly – Investor Decision-Making Process
6d ago
Episode #169: Colm McEvilly – Investor Decision-Making Process
When it comes to investing in real estate, the decision-making process is of unparalleled importance. This is where you, as the investor, will ascertain whether to get involved in a project or look elsewhere for more viable options. To help us make sense of the decision-making process for investors, we are joined by real estate sponsor and developer, and our dear friend, Colm McEvilly. After coming from a background in mechanical engineering, Colm has since gone on to find his feet in real estate, helping multiple teams raise over $160 million in retail investor capital. In today’s episode, Colm walks us through the investor decision-making process, paying specific attention to the three biases around making decisions, how an investor gathers information, why an investor’s involvement in the decision-making process is key, and the four main categories you need to fully understand when vetting the quality of an investment. You can reach out to Colm via email with any questions or ideas that you may have, but for now, sit back, take notes, and enjoy!  Key Points From This Episode:A warm welcome to Colm McEvilly as he explains his background and current job role. Breaking down the investor decision-making process. Debunking results bias. How every decision you make is a bet – decision biases.Why it matters to know how investors receive information on prospective ventures.The third bias to be aware of: confirmation bias. Why you need to involve investors in the decision-making process. Vetting investment quality: sponsors, MSAs and asset class, the investment, and deal numbers.   Costar reports, underwriting visibility, and other details to consider. Links Mentioned in Today’s Episode:Colm McEvilly on LinkedInColm McEvilly on Facebook Colm McEvilly EmailViking Capital IronGall Investments The Infinity San Francisco Neal Bawa World Accelerator Neighborhood Scout GreatSchools FormDs.comAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn
Episode #168: Ryan Kennedy — Health is Wealth
Sep 15 2023
Episode #168: Ryan Kennedy — Health is Wealth
Welcome to this special edition of the Real Estate Investor Podcast, where we bring you everything that happened in our recent Health is Wealth webinar with Ryan Kennedy. Ryan is a functional medicine practitioner, traditional naturopath, and board-certified clinical nutritionist who helps people improve their health through lifestyle and dietary changes. In Health is Wealth, Ryan breaks down everything you need to know to improve your mental clarity, maintain good energy levels, and keep your body functioning optimally throughout the entire day. He explains the importance of starting your day the right way and how to go about it, how you can feel like a million bucks without spending a penny, and how to stay active when your work requires you to be mostly seated, plus everything you need to know for an evening routine that leads to the perfect sleep. We also learn about the dangers of pharmaceuticals, the benefits of nootropics, how to use biofeedback properly, why getting proper sleep and taking care of your soul are two essentials for a long life, and more. You’ll want to take notes for this one!Key Points From This Episode:Our recent webinar with Ryan Kennedy: Health is Wealth.The importance of mental clarity and good energy levels in high performance. Why you need to start each day the right way (and why it only takes 10 minutes to do so). Getting high on your own supply: sunlight, mineral water, mindfulness, and exercise. Everything you need to know about trigger sessions: how to stay active, even at a desk job.   The real problem with pharmaceuticals and the benefits of nootropics.  Trigger environments: how to set up your workspace for success. Forming habits and making these strategies part of your identity. What a healthy evening routine could entail. The ins and outs of sleep optimization. Some dangers to consider when taking hormones. How biofeedback helps but biohacking only works once you’ve built a solid foundation. More tips and tricks for getting the perfect sleep and some useful devices for recovery.  The true secret to longevity: caring for your soul!Why daily gratitude matters.  Links Mentioned in Today’s Episode:Ryan KennedyRyan Kennedy on LinkedInRyan Kennedy on Instagram Ryan Kennedy on YouTubeRyan Kennedy on Facebook Ryan Kennedy on TikTokThe Ryan Kennedy Show Brandon Turner on LinkedIn ChiliSleepBodyHealth Newcomp Analytics MedLight 630 Pro PlatimunLED Therapy LightsAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn
Episode #167: Corey Peterson – What Could Possibly Go Wrong from LOI to Close?
Sep 8 2023
Episode #167: Corey Peterson – What Could Possibly Go Wrong from LOI to Close?
Most real estate investors relax once the LOI period is over but that is a huge mistake! Loads of things can go wrong between LOI and the close of the deal, and joining us today is Corey Peterson to tell us all about possible bumps in the road. Tuning in, you’ll hear all about our guest’s remarkable career, why Corey works with an attorney in certain instances, his personal LOI timeline, why you need to understand your seller’s ‘why’, and so much more! We delve into who should draw up the purchase and sell agreement before discussing how money is made in operations. Some of the best deals seasoned investors have ever done are the ones they chose to walk away from, and in this episode, Corey reminds us to know when not to close. To hear all this and even learn from our guest’s biggest investing regret, press play now!Key Points From This Episode:A warm introduction to today’s remarkable guest, Corey Peterson.Corey tells us about his experience in real estate investing. What can go wrong once you sign your LOI. Why Corey prefers for his attorney to handle matters instead of the broker. Corey walks us through his LOI timeline and the 120 days he gives himself to close on a deal. The importance of understanding why your seller is selling. Why you should give your broker a purchase and sell agreement, not the other way around.A reminder to know when to walk away from a deal and to underwrite conservatively. Corey explains the concept that money is made in operations. How we can learn from our guest’s biggest regrets from the beginning of his career.Links Mentioned in Today’s Episode:Text “Book” to 480-500-1127 to get Corey’s book shipped to you for free!Corey Peterson on LinkedInCorey Peterson on XCorey Peterson on InstagramKahuna InvestmentsCopy Your Way to Success: Standing on the Shoulders of GiantsThe Multifamily Legacy PodcastAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #166: Jordan Berry — Investing in Laundromats
Sep 1 2023
Episode #166: Jordan Berry — Investing in Laundromats
Laundromats may have the stigma of being boring, tiresome places where no one truly wants to be, but they should not be dismissed by willing investors outright, because buying into a laundromat may bring you faster returns than most real estate ventures. We are thrilled to be joined today by Jordan Berry, the Founder of Laundromat Resource, an education and community platform dedicated to current and future laundromat owners. After explaining his professional background and current job role, Jordan walks us through the key elements that helped him turn his business around, where and how to find and acquire laundromats, how prospective owners can verify their new acquisition’s income, and what a laundromat’s water bill has to do with the IRS. Be sure to join us for this intriguing conversation with Jordan Berry as we discover how to scale a laundromat, where to find help and resources for investing in laundromats, and why a laundromat should be every new investor’s first asset. Key Points From This Episode:Welcoming Jordan Berry to the show as he explains who he is and what he does.The important lessons that Jordan has learned as a laundromat owner. Assessing the pivot points that helped him turn his business around. The best practices for sourcing and acquiring laundromats. Looking at demographics, and other useful tips for verifying income. Why the water bill is an important factor to consider when wanting to own a laundromat.What makes laundromats more appealing than other real estate investments. The magic numbers for scaling a laundromat. What Jordan’s company, Laundromat Resource is all about. Links Mentioned in Today’s Episode:Jordan Berry on LinkedInJordan Berry on XJordan Berry EmailLaundromat Resource Laundromat Resource on YouTubeLaundromat Resource PodcastAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn
Episode #165: Taylor Loht – Multifamily and Self-Storage Investing
Aug 25 2023
Episode #165: Taylor Loht – Multifamily and Self-Storage Investing
As long as people exist, the need for housing will too! Joining us today is Taylor Loht, founder of NT Capital Group and the host of the Passive Wealth Strategy show. He is here to tell us all about his experience as a fearless multifamily and self-storage investor. Tuning in, you’ll hear about his fascinating view of interest rates as an investor, why he will continue to invest even in the current climate, the importance of making informed decisions about investments based on multiple factors and not just on final business projections, and so much more! We even touch on how his investment strategy has changed over the years before our guest tells us about his favorite business books. You don’t want to miss this one so press play now!Key Points From This Episode:A warm welcome to real estate investor and founder of NT Capital Group, Taylor Loht.What Taylor does in multifamily and self-storage investing. Taylor shares his nuanced view of interest rates from an investor’s perspective. Why Taylor is still investing at the moment.Our guest tells us how his personal investment strategy has changed over the years. The importance of looking at higher reversion cap rates than your acquisition. The danger of assuming a final business projection is accurate and basing investments on it. Taylor tells us about his favorite business-related books and why he loves them. Links Mentioned in Today’s Episode:Taylor LohtTaylor Loht on InstagramNT Capital GroupInvest with TaylorPassive Wealth Strategy ShowCrucial Conversations: Tools for Talking When Stakes Are HighAm I Being Too Subtle?: Straight Talk from a Business RebelAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #164: Nick Stageberg – Infinite Returns
Aug 18 2023
Episode #164: Nick Stageberg – Infinite Returns
Where does property value lie? And what are the benefits of taking such good care of your property so that it’s worth more to you than the marketplace? Joining us today to explore these questions and to break down his enlightened approach to investing in real estate is Nick Stageberg, a software tech startup veteran and founder of Black Swan Real Estate, an established firm with over 300 million assets under management. We talk with Nick about his Infinite Returns strategy, his aversion to selling, and why cultivating a long-term mindset is the best way to ensure you make wise investment decisions. Learn how Nick uses deep value-adds to ensure that his units remain in excellent condition many years down the line — when others would typically require new rounds of repairs — and why vertical integration has been such a game changer for his business. Our conversation also covers Nick’s sophisticated approach to aligning his incentives with those of his investors and why serving others, rather than yourself, is such a powerful motivator. To learn more about Nick’s approach and his many fascinating insights on investing in real estate, be sure to tune in!Key Points From This Episode:Introducing Nick Stageberg, Principal at Black Swan Real Estate.The thesis behind Nick’s Infinite Returns strategy.Learn about his deep value-add approach to renovations. How having a long-term mindset improves your investment decisions.Finding motivation in serving others rather than serving yourself.The power of aligning your incentives with those of your investors.How Black Swan Real Estate uses its profits to give back to the community.What prompted them to become vertically integrated.Why they created a third-party management company.The benefits and efficiencies of bringing multiple services in-house.Insight into Nick’s attitude towards selling.Nick shares his predictions for the Tacoma and Rochester markets.How the proximity of Mayo Clinic influences the Rochester market.Interesting facts about Tacoma, Washington, and why it’s such a hidden gem.How to get in touch with Nick and Black Swan Real Estate.Links Mentioned in Today’s Episode:Nick Stageberg on LinkedInBlack Swan LivingBlack Swan Real Estate on YouTubeAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #163: Joseph Fang – Launching a Fund
Aug 11 2023
Episode #163: Joseph Fang – Launching a Fund
For many investors, getting involved in a fund is a scary prospect as they just do not have all the information that they need to make an informed decision. But if they took the time to do the research, they’d realize that funds are a great way of diversifying portfolios and they can also add a bit of stability to an investor’s cash flow. Our Director of Investor Relations at Break of Day Capital, Joseph Fang, is on the hot seat yet again to further explain the value of opening a fund, why we chose to launch our own BODC Multi-Family Impact Fund, why we strive for diversification above all else, and everything you need to know about our new fund offering. We also discuss the timeline and criteria of requirements for investing in our fund, the must-have skills for all would-be fund managers, and the ins and outs of the BODC Multi-Family Impact Fund’s first acquisition. Key Points From This Episode:A Warm welcome to our Director of Investor Relations, Joseph Fang. Joe explains our reasoning behind our idea to launch a fund.  Why he says that his focus is on diversification and not “diworsification.”The ins and outs of our brand new BODC Multi-Family Impact Fund.Examining the timeline and criteria required for getting involved in our fund. Why market expertise and a narrowed focus are necessary skills for fund managers to have. Exploring the BODC Multi-Family Impact Fund’s first acquisition. Links Mentioned in Today’s Episode:‘BODC Multifamily Impact Fund Webinar’Asset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #162: Senior Housing with Christopher Finlay
Aug 4 2023
Episode #162: Senior Housing with Christopher Finlay
The demand for senior housing is steadily increasing across the United States. Joining us today to discuss this important trend and how to meet demand is Chris Finlay, Chairman and CEO of Lloyd Jones LLC. With a successful 43-year track record and $750 million in assets, Chris is considered a leading voice in the industry. He expresses his deep social convictions by using his expertise to uplift others and actively supports Shelters to Shutters, a non-profit organization connecting homeless individuals to housing and employment. Chris is also a member of the American Seniors Housing Association and CEO at Aviva Senior Living. In today’s conversation, he shares his insights on the world of senior living, informed by his extensive experience in the multifamily space. He shares his investment strategies and explains the unique decision to include a recruiter on every property before listing key differences to be aware of as an investor. We also touch on data, predictions for the next five to ten years of senior living investment, and how technological advancements impact the environment. Tune in today to hear all this and more! Key Points From This Episode:Introducing Chris Finlay, Chairman and CEO of Lloyd Jones LLC and member of the American Seniors Housing Association.Three asset classes he focuses on at Lloyd Jones: senior living, multifamily, and hospitality.Similarities between the senior housing space and the multifamily space in 2010.Comparing barriers of entry in senior housing and multifamily.Three investment strategies that Chris follows. Typical returns and how they compare to multifamily. The unique decision to include a recruiter on every single property.Key differences between multi-family and senior living to be aware of as an investor. Why it is so critical to be a multi-operator. The additional oversight necessary in the senior living class.Predictions for the next five to ten years of senior living investment.How data is driving the industry.Technological advancements in the senior living environment.Links Mentioned in Today’s Episode:Chris Finlay on LinkedInAviva Senior LivingAmerican Seniors Housing AssociationLloyd Jones LLCAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #161: Agostino Pintus – Office Conversions and Diversification
Jul 28 2023
Episode #161: Agostino Pintus – Office Conversions and Diversification
If you want to succeed in real estate, then you need to know your market. That is the firm belief of today’s guest, Agostino Pintus. Agostino has almost two decades of experience in real estate and is the Founder and CEO of Bulletproof Cashflow, where he utilizes his expertise to effectively source, negotiate, and acquire commercial properties. In addition to his work as a real estate syndicator and investor, Agostino is also a gifted speaker and serves as an invaluable resource for aspiring commercial real estate professionals. There is nothing quick or easy about succeeding in real estate, and in today’s conversation with Agostino, we hear his advice on how to navigate the industry like a pro. Tuning in, you’ll learn about the biggest mistakes made by newcomers, the benefits of focusing on one market, and why every area presents an opportunity (you just need to learn how to recognize it). Agostino offers insight on key topics, like how to reduce risk, why one should opt for a fixed mortgage rate, and how to choose the right lender, before providing a breakdown of his work in Cleveland and his preference for investing in cash flow. To hear all of Agostino’s essential lessons and takeaways, be sure to tune in today!Key Points From This Episode:Get to know today’s guest Agostino Pintus.An overview of the three lines of business that Agostino is involved in.The benefits of focusing on one market.How Agostino is taking high and low-rise buildings and turning them into multifamily units.A rundown of the type of tax deals that exist in these scenarios.Making use of opportunity zones (OZs).Reducing risk and why Agostino never takes high-risk deals.Why your lender is your biggest partner.The importance of working with lenders who like the type of assets that you’re pitching them.Why Agostino always opts for a fixed mortgage rate.An outline of the multifamily real estate market in Cleveland.Knowing your market and learning how to recognize opportunities.Key advice for underwriting properly.Agostino’s preference for investing for cash flow.Links Mentioned in Today’s Episode:Agostino PintusAgostino Pintus on LinkedInAgostino Pintus on TwitterBulletproof CashflowBulletproof Cashflow LinktreeBulletproof Cashflow PodcastAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #160: Joseph Fang and Gary Lipsky - Asset Management Wins
Jul 21 2023
Episode #160: Joseph Fang and Gary Lipsky - Asset Management Wins
We’re taking a little detour today as our very own Gary Lipsky dons the hot seat to bring you all the asset management wins currently happening at Break of Day Capital. Joseph Fang assumes the role of host and questions Gary on his exploits as a speaker and why he loves to spend his time in front of large audiences. Then, we dive into some asset management wins by taking a look at the renovations that are happening at some of our properties. We discuss some of the troubles we’re experiencing when trying to boost NOI and how they are echoed in the industry as a whole, the solar projects that are keeping us busy, why asset management is a difficult undertaking, and more tips and bits of expert advice from the vastly knowledgeable Gary Lipsky!   Key Points From This Episode:Joseph interviews Gary on his latest projects and what Break of Day Capital has been up to. Gary’s exploits as a speaker. Why he loves these speaking opportunities. Wins in asset management at Break of Day Capital, and some struggles.  The changes we’ve made to boost NOI at certain properties. Solar projects that we’re busy with. Why asset management is no walk in the park. Common obstacles in modern-day asset management. Links Mentioned in Today’s Episode:Information Management NetworkAsset Management Mastery Facebook Group Break of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedInJoseph Fang Email
Episode #159: Kathryn Schmeltz: Massive Value-Add on 1st Syndication
Jul 14 2023
Episode #159: Kathryn Schmeltz: Massive Value-Add on 1st Syndication
Today on the Real Estate Investor Podcast, we are joined by Kathryn Schmeltz, a multifamily investor, deal sponsor, and partner at High Five Multifamily who has been buying distressed assets in the Dallas-Fort Worth area since 2013. To date, she has purchased, rehabbed, and successfully sold over 100 single-family residences and invested in over 700 units. In this episode, Kathryn offers some insight into her very first multifamily syndication deal, a distressed 103-unit in Lubbock, Texas, that she bought at 50% occupancy. Despite discovering a few more “skeletons in the closet” than anticipated, Kathryn and her partner were able to more than double their investors’ money in just a couple of years thanks to their rigorous due diligence process, a high level of communication, and a can-do attitude, all of which she highlights as keys to success. To learn more about how Kathryn achieved a massive value-add on her first syndication, tune in today!Key Points From This Episode:An overview of Kathryn’s extensive experience in real estate.Insight into her first syndication deal, a distressed 1960s C-class at 50% occupancy.The importance of underwriting correctly and communicating with investors.Ways that Kathryn’s approach to value-add has evolved since that first deal.How giving back to residents and fostering a sense of pride can benefit your bottom line.A look at the types of community events that Kathryn likes to organize.Kathryn’s asset management superpower: building strong relationships!Links Mentioned in Today’s Episode:Kathryn Schmeltz on LinkedInKathryn Schmeltz EmailHigh Five MultifamilyAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #158: From Drilling Teeth to Fulfilling Lifestyle Dreams! with Howard Polansky
Jul 7 2023
Episode #158: From Drilling Teeth to Fulfilling Lifestyle Dreams! with Howard Polansky
Investing in yourself and your own business is invaluable, as is how you choose to manage your cash flow. Today, we are joined by cash flow optimization expert Dr. Howard Polansky, who reveals the secrets to unlocking financial success! Dr. Polansky is the founder of Cash Flow Coach USA, and in this episode, he shares his expertise in optimizing cash flow and financial strategies and opens up about his remarkable transition from dentist to cash flow coach, a move inspired by his son’s hospitalization. We discover why he advises against abruptly quitting a job without an adequate financial safety net and how syndication investments became his solution to stock market disillusionment. Tune in today as we discuss the importance of financial education, Dr. Polansky's vision for future investments, the power of continuous learning, and so much more! This conversation is sure to leave you inspired to optimize your cash flow and maximize your potential.Key Points From This Episode:How Dr. Polansky's son's medical condition led him to reevaluate his career.Why he advises against abruptly quitting a job without a financial safety net.His decision to invest in syndications after being disillusioned with the stock market.The importance of a sponsor's track record and longevity in the industry.Predicting limited interest rate increases due to the US Government's financial constraints.Reasons to invest in mobile home parks, self-storage, and selective multifamily syndications.The value of investing in oneself and one's own business.How Cash Flow Coach USA helps individuals and businesses optimize the use of credit lines.What Dr. Polansky’s clients have achieved through his strategies.His vision to use freed-up funds for future investments and opportunities.The lack of financial education in schools and how Dr. Polansky aims to fill that gap.Dr. Polansky’s book and film recommendations, including Secrets of the Millionaire Mind.The importance of continuous learning and self-improvement.Links Mentioned in Today’s Episode:Cash Flow Coach USADr. Howard Polansky EmailDr. Howard Polansky PhoneOffice SpaceSecrets of the Millionaire MindJames ClearAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #157: Pain and Opportunity with Rod Khlief
Jun 30 2023
Episode #157: Pain and Opportunity with Rod Khlief
At the brink of a global recession, it is possible and beneficial, to choose excitement over fear. During this episode, Rod Khlief returns to the podcast to share his predictions for the future of our economy and how we can succeed in a changing climate. Rod is a top real estate and peak performance expert, multiple business owner and philanthropist. He has owned over 2000 properties and hosts the Lifetime Cashflow Podcast, with over 16 million downloads. One of the themes he speaks about weekly is mindset power; during this conversation, he offers some insights he shares there. He touches on a huge variety of topics, including how to approach a capital raise, the importance of choosing the right peer group, and why it is so important to set goals. Rod sees plenty of potential in today’s changing world and offers an inspiring perspective on making the most of every opportunity. Tune in today to hear all this and more! Key Points From This Episode:An introduction to top real estate and peak performance expert, Rod Khlief.Problems in today’s economic climate that can be attributed to the Federal Banking system. Sobering claims about the future of our economy from leaders in finance today. Choosing to respond with excitement rather than fear.The goal-setting workshop that Rod offers and why it is so important to set goals.Defining the refinancing problem of today. Approaching a capital raise the appropriate way so as not to scare investors.Mindset, psychology, and how both themes drive Rod’s story. The importance of choosing the right peer group. Rod’s upcoming bootcamp; the only in-person event he hosts each year.How Gary experienced the bootcamp he attended.Why you might need to look in the mirror and innovate.The potential he sees in a changing world.Gary’s investments during the pandemic and how he has converted to multifamily.Rod’s weekly segment on mindset: Own Your Power.Why now is the time to educate yourself.The student Rod recently interviewed who has over 8000 properties today. Rod’s bestselling book, How to Create Lifetime Cashflow Through Multifamily Properties.Links Mentioned in Today’s Episode:Text LINKS to 72345Bootcamp Promo Code: GARYRod KhliefRod Khlief LinkreeRod Khlief on InstagramRod Khlief on TwitterRod Khlief on LinkedInRod Khlief on YouTubeLifetime Cashflow PodcastGoal Setting WorkshopGoal Setting WorksheetHow to Create Lifetime Cashflow Through Multifamily PropertiesTony RobbinsAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #156: John Berlet – Opportunity Zone Fund to Defer Taxes
Jun 23 2023
Episode #156: John Berlet – Opportunity Zone Fund to Defer Taxes
Opportunity Zones [OZs] have been demarcated in the interest of economic development and to attract investors to distressed parts of America.  Joining us today is an OZ Fund specialist, the General Partner of Tandem Trust, and the Fund Manager of Coastal Bend OZ, John Berlet. After explaining what he does and breaking down his history as a financial planner, John defines Opportunity Zone Funds, the tax incentives and other reasons that you’d want to start one, why big construction is better for OZ Funds, and how outdated information means that some middle to high-income areas still get classified as Opportunity Zones. We learn about John’s most recent project and what he’s most excited about, before hearing about everything he’s learned as a fund manager. If you are an aspiring OZ Fund manager and would like to know what it takes, then be sure to tune in for helpful, practical examples from the wonderful and wise, John Berlet!Key Points From This Episode:Introducing John Berlet: his history in financial planning and what he does now. The state he found to be the most advantageous for his OZ Fund during his motorhome trip. What an Opportunity Zone (OZ) Fund is, and a perfect example of why you want to start one. Why OZ Funds are best for properties that need a ton of new work or new construction.Exploring why some middle and high-income areas still get designated as Opportunity Zones. The ins and outs of the OZ project that John is currently busy with: Blue City Paraiso. His main responsibilities as a fund manager.The biggest lessons he’s learned from setting up new funds. Assessing the costs of a feasibility study. Links Mentioned in Today’s Episode:John Berlet on LinkedIn Tandem Trust FinancialCoastal Bend OZ Ashley Tison on LinkedIn City of Rockport, Texas Blue City Paraiso at Rockport Texas Windstorm Insurance Association Caliber Blue zones Asset Management Mastery Facebook Group Break of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedInJoseph Fang Email
Episode #155: Powell Chee - Pivoting to Self-Storage
Jun 16 2023
Episode #155: Powell Chee - Pivoting to Self-Storage
When Powell Chee entered the real estate space, nobody could have predicted the imminent pandemic. But, far from letting this world-altering event derail his aspirations, Powell made it work for him by pivoting to self-storage! Today, Powell is the Managing Partner at Radiant Storage and a Principal at Multifamily Masters. In this episode, he shares an overview of his journey from athletics coaching to sales to real estate, how he has successfully scaled his self-storage business over the past two and a half years to the point where he has over 500 units covering 65000 square feet, what he looks for when purchasing a self-storage property (with the intention of adding value once he has purchased it), and a breakdown of the deal he recently closed in Texas after a full year of hard work! Key Points From This Episode:Introducing today’s guest, Powell Chee. The journey that led Powell into multifamily real estate.Why Powell decided to enter the self-storage space. Similarities and differences between multifamily and self-storage.The average expense ratio for multifamily in comparison to self-storage. Criteria that Powell looks for when purchasing self-storage units. Powell explains how he adds value to the self-storage properties he purchases.How Powell’s success in scaling his business highlights the power of networking. Powell walks us through a deal he recently closed in Beaumont, Texas after a year of work. Questions that Powell recommends asking lenders before entering into a deal with them. Links Mentioned in Today’s Episode:Powell Chee on InstagramPowell Chee on FacebookPowell Chee on LinkedInRadiant StorageRadiant Storage Email AddressMultifamily MastersAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedIn
Episode #153: Chris Seveney - Note Investing Made Easy
Jun 2 2023
Episode #153: Chris Seveney - Note Investing Made Easy
Note investing is an uncommon niche to choose in the realm of real estate, which is part of the reason Chris Seveney chose to devote himself to it. Chris is a real estate investor, entrepreneur, and podcast host specializing in note investing. He joins us today to share his insights on the notes business from the scale of the mortgage market to the best time to strike when it comes to note investing. In this episode, we find out how Chris left the W2 world to focus solely on real estate and hear his advice for entering the world of note investing. Tune in to discover Chris’ greatest lessons in the industry thus far, as well as which regions he chooses not to tackle and why.Key Points From This Episode:Introducing real estate investor, entrepreneur, and podcast host, Chris Seveney.How he left the W2 world to focus solely on real estate investing.Why he chose to specialize in note investing.The lack of competition in the notes realm.Why it’s best to strike in times of distress when it comes to note investing.Chris illustrates the scale of the mortgage market.Which regions he is more pessimistic about for note investing and why.Chris’ target loan size and income bracket.The biggest lessons he’s learned in the notes business thus far.How best to get started in the note investing business.Links Mentioned in Today’s Episode:Chris Seveney on LinkedInChris Seveney on Twitter7e Investments7e Investments on InstagramCreating Wealth Simplified PodcastAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #152: Litan Yahav — Finding Diamond-in-the-Rough Operators
May 26 2023
Episode #152: Litan Yahav — Finding Diamond-in-the-Rough Operators
In passive real estate investing, the right operator is vital. Joining us to discuss how to find diamond-in-the-rough operators, is Litan Yahav, a Navy veteran and tech founder, who exited his last startup eight years ago and became a full-time alternative investor. With experience in private equity, real estate, startups, and crypto, Litan built Vyzer, a startup focused on automating the management and control of alternative investments for generating wealth and passive income. Throughout the discussion, Litan talks about his journey in real estate investing, the software he developed in the diamond jewelry industry, and his preference for investing in syndications. He also sheds light on the spectrum of passiveness in real estate investments, the red flags to look out for when choosing an operator, and his predictions for the economy and investment landscape. Tune in today to find out more about the importance of investing with people you can trust and how to find them.Key Points From This Episode:An introduction to today’s guest, Litan Yahav, and how he came to invest in real estate.The software he built while working in the diamond jewelry industry. How Litan got involved in investing in real estate and syndications.The spectrum of passiveness in real estate investing.Why he only invests in syndications. What Litan’s favorite type of operator looks like. Examples of major red flags when choosing an operator and the types of questions he asks. Litan’s predictions for the economy and investment landscape, and where he’ll be looking for opportunities. What Litan would do if he had $100,000 to invest right now. How he came up with the idea for Vyzer and what it does.Find out about Litan’s favorite podcast, book, and documentary. His advice to his younger self about stress. The one question he feels he should have been asked by Joe about his values. Links Mentioned in Today’s Episode:Litan Yahav on LinkedIn Litan Yahav on TwitterVyzer Vyzer on FacebookLitan Yahav EmailSam Zell SegomaPassive Investing from Left Field Never Split the Difference Seaspiracy Formula 1: Drive to Survive Asset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #151: Jay Parsons – Data and the Economy
May 19 2023
Episode #151: Jay Parsons – Data and the Economy
Today, we are joined by Jay Parsons, who serves as the Senior VP and Chief Economist for RealPage. He's a frequent author and sought-after speaker on topics related to multifamily apartments and single-family rentals and has been cited in the Wall Street Journal, Bloomberg, the Financial Times, and the New York Times. In this episode of the Real Estate Investor Podcast, Jay offers his insights into market trends and consumer behavior as we discuss the US housing market shortage, nationwide rent growth, his predictions regarding interest rates in 2023 and 2024, the differences between true affordable housing and naturally occurring affordable housing, and more. For key metrics to watch and a better understanding of how technology can help you drive down costs, plus so much more, be sure to tune in today!Key Points From This Episode:Jay’s take on the US housing market, which he thinks is short more than five million units. Why he doesn’t like the term overbuilding and what he views as the real challenge with supply.Rent growth in Arizona, Texas, Florida, the Midwest, and more.Jay’s belief that you can find success in any market with the right strategy.His predictions regarding interest rates for the remainder of 2023 going into 2024.What it means to be a “homeownership-centric society.”Why Jay is a supporter of what he calls targeted rent control.True affordable housing versus naturally occurring affordable housing (NOAH).Data points that Jay has been focused on and surprised by recently.Ways to boost ancillary revenue while also driving down expenses.Why Jay doesn’t believe that values will depreciate in the near future.Links Mentioned in Today’s Episode:Jay Parsons on LinkedInJay Parsons on TwitterRealPageRealPage AnalyticsAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn
Episode #150: Steeve Breton — Lessons Learned from Over 40 Investments
May 12 2023
Episode #150: Steeve Breton — Lessons Learned from Over 40 Investments
After partaking in over 40 real estate investments, you’re bound to learn a thing or two! Today’s guest is the founder of Velocity Capital, Steeve Breton and he is here to tell us all about what he has learned from his vast investment experience. In this episode, you will get some insight into the patterns Steeve has seen throughout his time in this space, and find out why overpromising on returns is dangerous. Steeve shares the importance of being realistic, and how he has overcome particularly difficult obstacles. Having experience and being educated in investing is really the most effective way to ensure success and today, Steeve shares the best real estate advice he has ever received before sharing some words of wisdom of his own. Lastly, he reminds us of the importance of good partners (and spreadsheets!) To hear all this and more, tune in now!Key Points From This Episode:A brief overview of today’s guest, Steeve Breton. Steeve shares some trends he’s seen throughout his years of investing.The dangers of overpromising on returns. Steeve tells us about a difficult obstacle he had to handle on a deal and how he overcame it. Why the best real estate advice Steeve ever received was to ‘only do fat deals.’ The importance of education and experience in this industry. The two things Steeve tells new investors as a coach. Why the best ‘tool’ at Steeve’s disposal is good partners. Links Mentioned in Today’s Episode:Steeve Breton on LinkedInVelocity CapitalAsset Management Mastery Facebook GroupBreak of Day CapitalBreak of Day Capital InstagramBreak of Day Capital YoutubeGary Lipsky on LinkedInJoseph Fang on LinkedIn