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Passive Wealth Strategy Show - Real Estate for Busy Pros

Passive Wealth Strategy Show - Real Estate for Busy Pros

Taylor The Investor

Passive Wealth Strategy Show - Real Estate for Busy Pros
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Top 10 Passive Wealth Strategy Show - Real Estate for Busy Pros Episodes

Goodpods has curated a list of the 10 best Passive Wealth Strategy Show - Real Estate for Busy Pros episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Passive Wealth Strategy Show - Real Estate for Busy Pros for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Passive Wealth Strategy Show - Real Estate for Busy Pros episode by adding your comments to the episode page.

Passive Wealth Strategy Show - Real Estate for Busy Pros - Combining Active & Passive Income with Infill Lot Development with Dan Haberkost

Combining Active & Passive Income with Infill Lot Development with Dan Haberkost

Passive Wealth Strategy Show - Real Estate for Busy Pros

play

04/26/22 • 31 min

Dan Haberkost is an entrepreneur, investor, and land developer. Because of the financial impact of real estate investing, Dan left traditional employment at 23 and he now has the freedom to work on what he wants without being tied to any sort of job. Within the real estate world, Dan is currently working on a mixture of new development, land investing and wholesaling and he’s always on the lookout for a property that makes sense as a long-term buy & hold.

Dan Haberkost is the CEO of Front Range Land. At the age of 25, Dan Haberkost has managed to build an impressive real estate business & portfolio that allows him the freedom to live & work where he wants while spending a tremendous amount of time in the mountains and on the beach.

[00:01 - 04:19] Opening Segment

  • Get to know Dan Haberkost
  • Dan talks about how his active business feeds his passive business

[04:20 - 14:42] Infill Lot Development

  • Let’s talk about land
    • Land that Dan is working on versus land others are working on
    • The difference between raw land and a piece of land that's developed
  • Strategies in Investing in Infill Lots
  • Dan shares his experience in learning the process of developing properties

[14:43 - 23:46] Combining Active & Passive Income

  • There's no magical reason why the cost of real estate goes up in a lot of cities that have massive amounts of people moving
  • Dan’s Top 3 Criteria in Finding His Contractors
  • How to Combine Your Passive and Active Income

[23:47 - 31:22] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at www.escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • House hack in Colorado
  • Dan’s worst investment
    • His first duplex
  • What is the most important lesson that you've learned in business and investing?
    • “Your ‘WHY’.”

Connect with Dan Haberkost through Facebook and Instagram. Visit his website https://danhaberkost.com/.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“Real estate investing is a cash-intensive venture.” - Dan Haberkost

“I really wouldn't recommend anyone to pursue building something unless they really want to make a business out of it.” - Dan Haberkost

“Success in the long term is more about moderate gains while mitigating total loss. ” - Dan Haberkost

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Passive Wealth Strategy Show - Real Estate for Busy Pros - Early Retirement and Legacy Building through Real Estate with Marcus Long

Early Retirement and Legacy Building through Real Estate with Marcus Long

Passive Wealth Strategy Show - Real Estate for Busy Pros

play

03/23/23 • 31 min

Retired military veteran Marcus Long joins us to discuss his journey of 18 years investing in real estate and building his legacy. Hear how he started in 2004 somewhat accidentally and grew to own several hundred multi-family units. Learn about the importance of teaching responsible money management when building generational wealth and get valuable advice for those looking at retirement or transitioning from military life. Hear Marcus's inspiring story of how he overcame limiting beliefs and began house hacking with a condo purchase at 22, eventually rolling equity into multi-family investments. Find out why he believes investing in real estate is the best way to build wealth, what strategies he uses to teach his kids about money, and how virtual masterminds can help veterans transition from military to civilian life. Join us for an engaging conversation with Marcus Long as we dive deep into real estate investing!

[00:01 - 07:33] Opening Segment

  • Marcus shares his background and career
  • Investing from a distance and focusing on legacy planning
  • Acquired, invested, partnered on, or otherwise had a hand in over 150 million commercial real estate acquisitions

[07:34 - 12:50] Overcoming Limiting Beliefs

  • Marcus' strategy was a mix of buying with in-place cash flows and adding value/raising rents
  • Marcus accumulated a number of properties; some cash flowed decently, and others required more work than expected
  • Used equity from properties to acquire more properties and lines of credit
  • Started selling some properties to roll equity into multi-family properties
  • Decided to retire shortly after realizing how much time was spent at work

[12:51 - 25:45] Building a Brand and Networking Overseas

  • How Marcus pursued entrepreneurship after leaving the military
  • Started networking and connecting with others before moving to England
  • Joined a virtual mastermind for active duty and veterans to build relationships
  • Legacy planning is critical to Marcus's strategy and priorities
  • Teaching kids about assets, liabilities, and responsible use of money

[25:46 - 31:59] Closing Segment

  • The best investment made: a condo bought at age 22
  • The worst investment made: mental drag working with property management and contractors
  • The most important lesson learned: It's all about people

Quotes:

"If we're gonna build something where there is some generational wealth to pass down, I think it's our responsibility to kind of educate and show our kids or whoever it is that you are passing that money onto." - Marcus Long

"In business, it's a lot about people. Whether it's the residents that live there, the property management people that we work with, the contractors that are helping us, or the passive investors." - Marcus Long

Connect with Marcus!

Website: www.alonglegacy.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Passive Wealth Strategy Show - Real Estate for Busy Pros - From Short Term Rentals to Multifamily & Balancing C-Suite Responsibilities with Andrew Schutsky
play

03/13/23 • 31 min

Taylor talks to Andrew Schutsky about his journey as a real estate investor. Andrew started 15 years ago by buying a short-term rental property for his family to use as a vacation home. He then decided to take things further and scale up, researching Bigger Pockets and the multi-family space. This conversation will discuss the benefits and drawbacks of investing in short-term rentals and multi-family investments, looking at factors such as depreciation and appreciation, cash flow, landlord laws in different locations, budget for renovations, reserves for unexpected expenses, and more. Andrew will also speak about the importance of balancing real estate investing and other commitments. Finally, he'll talk about the need for reliable partners when investing in multi-family real estate - from referrals from people who have worked with them in the past to setting up a transparent process for asset management with one specific individual assigned as an asset manager with a consistent cadence. Join us to learn more about Andrew's journey and hear his advice!

[00:01 - 06:48] Opening Segment

  • Andrew started investing in short-term rentals to have a place to take his family on vacation
  • Got into multi-family investing and now does both
  • Balances real estate investing with family commitments and professional commitments
  • The process for adding long-term multi-family into the investment process
  • Building/renting new construction or value add multi-family for passive income

[06:49 - 14:11] Exploring the Benefits of Short-Term Rental Investing: Lessons Learned and When to Cash In

  • Depreciation from short-term rentals has been a huge benefit
  • No taxable income on any of the short-term rentals generated so far
  • Appreciation and depreciation are two of the most significant benefits from a cash flow standpoint
  • Have an ample renovation budget, double what you expect
  • Long-term appreciation potential has been the biggest win

[14:12 - 19:51] Finding Your Real Estate Niche: Balancing Time Commitments, Family and Investing

  • Interest rates are still low, and property values are high
  • The right moment to cash in on these things has not dropped that much yet.
  • It is essential to be consistent with commitments and flexible when life gets in the way.
  • Know which action to take and draw out priorities to knock out tasks when time is available.
  • Focus on what you are good at or like doing, and test it out by dedicating 60-90 days to it

[19:52 - 26:57] The Key to Successful Asset Management in Multi-Family Deals

  • Referrals from people who have worked with potential partners in the past are vital to finding compatible partners
  • Ask questions about communication style and respect for the time when vetting potential partners
  • Having one specific individual as the asset manager is essential for clarity and success
  • Establish a regular cadence of communication with the property manager

[26:58 - 31:21] Closing Segment

  • Best investment: a 43-unit property in Greenville, South Carolina
  • Worst investment: a stock that was a startup pharmaceutical
  • The most important lesson learned: don't try to do it all yourself and figure out what you're good at

Connect with Andrew!

Website: www.InvestwithRedline.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

Quotes:

"There is no magic bullet. For me, it's all about just being consistent with your commitments and yourself and being flexible." - Andrew Schutsky

"It sounds simple, but it can't be overstated. How important is it for someone getting into the game and thinking that they're going to just figure it out as they go? I can tell you it will not go well." - Andrew Schutsky

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Passive Wealth Strategy Show - Real Estate for Busy Pros - Residential Assisted Living: How to Vet Sponsors with Loe Hornbuckle

Residential Assisted Living: How to Vet Sponsors with Loe Hornbuckle

Passive Wealth Strategy Show - Real Estate for Busy Pros

play

01/10/23 • 36 min

In this episode, Loe Hornbuckle talks about vetting sponsors in the residential assisted living and memory care space. He shares about how the focus is on providing quality care for the residents and how to find the folks who are taking care of the residents.

[00:01 - 07:26] Defining Residential Assisted Living

  • Loe shares his background and how he got into the residential assisted living space
  • Assisted living means someone needs help with activities of daily living
  • Memory care is a mental health component of assisted living
  • Being considered as a boutique assisted living and memory care community

[07:27 - 21:51] A Look at Stewardship Finding and Finding Balance

  • Smaller facilities offer advantages such as more personal and intimate experience
  • Investors should focus on being a good steward of the residents and families
  • Caregivers should put humans above profit
  • A blend of capitalism and socialism is needed to avoid negative outcomes

[21:52 - 31:49] Ethics and Profit in Assisted Living

  • Balancing the needs of residents, staff, and the business in order to find success
  • Assisted living and memory care is a human resource business with a real estate component
  • Investors should look for operators who understand the needs of the staff
  • Understanding the human resource side of assisted living is important

[31:50- 36:21] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
  • What is your favourite book?
    • How to Stay Alive in the Woods by Bradford Angier
  • Richard Wilson’s indispensable tool
    • Gallups Strengths Finder Test
  • What are you looking forward to in 2023?
    • Going to Europe

Connect with Richard Wilson:

Website: https://www.thesageoakcompanies.com/, https://goodhorncapital.com/

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“So you're creating a place where people are providing a very valuable service to people.” - Loe Hornbuckle

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Passive Wealth Strategy Show - Real Estate for Busy Pros - Scaling from 0 to 25 Doors thru Short Term and Long Term Rentals with Brian Boyd

Scaling from 0 to 25 Doors thru Short Term and Long Term Rentals with Brian Boyd

Passive Wealth Strategy Show - Real Estate for Busy Pros

play

06/23/22 • 34 min

Brian Boyd is an attorney in Nashville, TN who practices in the areas of real estate, construction law, business and taxation. He is the owner and managing attorney at Boyd & Wills, PLLC in Brentwood, TN. He started investing in real estate in 2017 as a way to generate passive income. Since then he has taken a hands-on approach to his real estate investing and has advised other clients on the best ways to achieve financial independence through real estate. Brian tells the story of how he bought his first home, paid off his student loan and started investing in real estate. He talks about how his wife got involved in real estate and helped him to buy his second home. He discusses how he scaled up his portfolio by buying more properties and how he ensured that he was working with good bankers who understood his vision. Today, he still practices law and has a wife who works at a Fortune 500 company. He emphasizes that he balances his multiple time commitments by taking on extra work when it is available.

[00:01 - 12:40] Opening Segment

  • Brian started investing in real estate in 2007 during the real estate meltdown
  • He bought his first short-term rental property in 2008 and then his first single-family home the following year
    • In 2009, he sold his first single-family home for a $70, 000 profit and then bought his second single-family home
  • He discusses generational wealth building strategy

[12:42 - 15:30] Diversify Your Portfolio Into Short Term Rentals

  • Brian’s real estate agent and his banker helped them buy and sell homes successfully
    • He and his wife advised them to aim small and invest in small homes that would cash flow
  • He advises to have a good real estate agent and have a good banker
    • He did the legal work and, he and his wife bought two single-family homes along the way
    • He says that we are always able to help when they need it
  • He recommends diversifying one’s portfolio into short term rentals, syndication deals, and property management
    • In order to maintain a good cash flow and be able to grow one’s business

[15:31 - 25:36] Do Your Homework Before Diving Into Short-term Rentals

  • He recommends doing your homework before diving into the short-term rental game in order
    • Make sure that the property is a good fit for your needs
    • Make the numbers make sense
  • In a syndication deal, numbers tell a story
    • Find a place that is family-friendly
    • Get a good property manager

[25:37 - 34:32] Closing Segment

  • Quick break for our sponsors
  • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at www.escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • Brian says that his best investment that he and his wife have ever made in real estate is getting the right team together
  • What is the worst investment you’ve ever made?
    • Brian says that his worst investment that they made was a stunning, gorgeous, gated community town, but it was in the wrong part of town and they could not rent it out.
    • They broke even after three months
  • What is the most important lesson that you've learned in business and investing?
    • “Pigs get fat and hogs get slaughtered.”
    • “Aim small and miss small.”
    • “Do not bite off more than you can chew.”
    • “Don’t be mesmerized by bright and shiny things.”

Connect with Brian Boyd through Facebook, LinkedIn, Twitter, and Instagram. Visit his website http://www.briantboyd.com

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

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Passive Wealth Strategy Show - Real Estate for Busy Pros - Retiring Early with Real Estate, a True Story! with Veronica & Will Pritchett

Retiring Early with Real Estate, a True Story! with Veronica & Will Pritchett

Passive Wealth Strategy Show - Real Estate for Busy Pros

play

08/02/22 • 38 min

Will and Veronica Pritchett are truly a power couple! He is a Firefighter, and Veronica quit her job as the assistant principal of a high-school to work full-time on their real estate business! They started with a simple rental, and are now avid users of the BRRRR strategy (Buy, Rehab, Rent, Refinance, Repeat). They have gotten so good at this that they have private lenders lined up to invest with them. This allows them to purchase the property with ZERO money out of their own pocket!

[00:01 – 05:39] Opening Segment

  • Retirement through real estate investing with the firefighter-educator couple, Will and Veronica Pritchett
  • Financial freedom is possible even if you’re not from extreme wealth
  • Will talks about their experience using BRRRR Strategy

[05:40 – 15:07] Building Business towards Financial Freedom

  • Will shares about their experience in creating first partnerships with lenders
  • Veronica talks about their roles in their business
  • Success is earned through a team approach
  • The difficulties of being a woman in a man-dominated field

[15:08 – 29:01] Strategies to Keep Your Business Growing

  • Always have multiple exit strategies
  • Business takes risks and sacrifices
  • Personal and Business goal settings
  • Constantly Moving and Adjusting goals

[29:02 – 36:58] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • Prioritizing travel as a family
    • Network building and network maintenance
  • Will and Veronica’s worst investments
    • Locking up too much money for long, long term
    • Selling properties outside the 10:31 exchange
  • What is the most important lesson you’ve learned in business and investing?
    • “Remain patient and consistent”
    • “Understand the reason why you’re doing this.”

Connect with Will and Veronica Pritchett through homeagainessay.com and Instagram.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Resources Mentioned

Tweetable Quotes:

“It does feel slow starting out, one rental is probably not gonna get you there. But start with the first one, learn what you can, continue to educate yourself.” – Will Pritchett

“I think you have to have a plan. You've got to readjust as things happen.” – Will Pritchett

“I think the biggest lesson was to be really patient and consistent” – Veronica Pritchett

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Passive Wealth Strategy Show - Real Estate for Busy Pros - Success in Multifamily: Building Deal Flow and a $40 Million Portfolio with Jason Lee
play

03/21/23 • 32 min

Join Taylor Loht as he sits down with real estate investor Jason Lee to discuss the intricacies of building broker relationships when investing in commercial multi-family real estate. With a $40 million-plus portfolio in San Diego, Jason shares his strategies for success and the lessons he has learned from his clients. Learn how to stand out from other buyers, target active brokers looking to build their client list, diversify and make money in this industry. Discover how Jason has been able to purchase off-market properties at a discounted rate, fix them up, and then resell them for double what he bought. Tune in to this episode as they discuss strategies for breaking into the commercial real estate industry!

[00:01 - 07:30] Opening Segment

  • Building relationships with brokers is vital to successful multi-family investing
  • Give the broker information about yourself and your current buying situation
  • Let the broker know that you are well-capitalized and have the capital to place

[07:31 - 14:29] Making a Million Dollars in Equity: How to Capitalize on Starting Relationships in the Commercial Real Estate Market

  • Take brokers out to lunch to build relationships and stand out
  • If investing outside of the area, use technology to meet face-to-face or visit the market
  • Target brokers who are younger and hungry and active on the phones
  • Invest in properties that need to be rebuilt and convert existing inhabitable space into legal units

[14:30 - 25:34] Transactions Slowing Down in San Diego Real Estate Market as Interest Rates Rise

  • Buying properties off-market at a low valuation and fixing them up to sell for double the price
  • Learning from high net worth clients that it's essential to buy in all markets and be aware of current sales comps
  • Transactions have slowed down due to sellers being well-capitalized with little debt

[25:35 - 28:15] Closing Segment

  • Jason's best investment: buying a four-unit property during the pandemic for $975,000 and selling it for $2 million
  • Jason's worst investment: hiring a nightmare contractor
  • The most important lesson learned: valuing relationships over money

Quotes:

"The more info they give me about themselves and about their current buying situation, the more I want to help them because they're giving me something to work with." - Jason Lee

"You have to meet face-to-face. We have to know who you are, and you know what you stand for and what you're looking for." - Jason Lee

"No matter how good a deal is, some side of your brain is always going to think it's too risky, and you just gotta follow your gut and go with it." - Jason Lee

"You have to see how a person acts in the bad times and not only the good times because when things go south, and you see some sort of challenge faced with you or your potential partner, that's when you kind of see their true colors come out." - Jason Lee

Connect with Jason!

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your terms.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Passive Wealth Strategy Show - Real Estate for Busy Pros - How to Level Up Your Communication Skills: Actionable Tools & Strategies with Brenden Kumarasamy
play

06/22/23 • 30 min

Take your communication skills to the next level in today's episode with Brenden Kumarasamy! Brenden discusses the importance of communication and presentation skills and how to break through limiting beliefs to communicate effectively. He dives into practical steps individuals can take to improve their communication skills, such as thinking quickly, investing time in random word exercises and question drills, and using storytelling when presenting.

Tune in for tips and tricks on becoming a better communicator, learning how to stand out from your competition, and getting motivated by hearing real-life success stories!

[00:02 - 07:48] Opening Segment

  • Brenden Kumarasamy Saami shares actionable knowledge of communication skills
    • Limiting beliefs around communication can be tackled by building this
  • Three most accessible balls to juggle for rapid communication mastery: eye contact, body language, facial expression

[07:49 - 13:48] How to Become an Exceptional Communicator

  • The random word exercise helps us think on our feet and make sense of anything
  • The goal of the exercise is to do it a hundred times and not worry about doing it well
  • Stories are more memorable than facts or numbers, so start with the lesson first
  • The key lesson is that anyone can become an exceptional communicator

[13:49 - 24:55] Unlocking the Keys to Success with Communication

  • The three main pillars of differentiation: simplicity, practicality, and generosity
  • Focus on the outcome rather than fear
  • Send video messages to people who invest in properties or people in life
  • The most important thing is not how good the video is but that most people don't send even one video message a year
  • The best question asked: What do I do if I'm already exceptional?
  • Worst question asked: What book should I read on communication?

[24:56 - 30:15] Closing Segment

  • Best investment made: Refinancing mom's mortgage at a 2% interest rate
  • Worst investment made: Spending time sending 50,000 cold emails to university professors
  • The most important lesson learned: Stick to your zone of excellence

Quotes:

"Human beings remember stories a lot more than facts or numbers. And the way we do this is by realizing storytelling. You should always start with the lesson first." - Brenden Kumarasamy

"The philosophy's information should be free, and implementation should be the fee. Just give everything away for free." - Brenden Kumarasamy

"If you communicate 20% better than your competition, you will stand out hundred percent of the time." - Brenden Kumarasamy

Connect with Brenden!

YouTube: https://www.youtube.com/@MasterTalks

Website: www.RockStarCommunicator.com

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

Track your rental property's finances with Stessa. Go to www.escapingwallstreet.com.

Join our Passive Investor Club to access passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.

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Passive Wealth Strategy Show - Real Estate for Busy Pros - How to Build Cash Flow in Expensive Markets thru New Development with Josh Gorokhovsky
play

07/18/22 • 33 min

Josh Gorokhovsky is the Founder and Managing Partner at Telos Properties. His career has been all about adapting, finding solutions, and most importantly, people. His focus is on building lasting relationships that have been the result of bettering himself, his company, and his business partner's experience.

[00:01 – 05:19] Opening Segment

  • Josh shares about himself and his journey from small multifamilies to development
  • Building a career in real estate from corporate

[05:20 - 17:14] New Developments in California

  • Types of Deals Josh has been developing in Los Angeles
  • Purchasing the Development Deals
  • What’s a Good Deal? Know Josh’s Criteria
  • New Regulations in California

[17:15 – 27:59] How to Build Cash Flow in Expensive Markets thru New Development

  • The 9-Month Timeframe
  • Building affordable “high-end” architecture
  • Smart homes and great upgrades
  • Josh’s Exit Strategy

[28:00 – 33:55] Closing Segment

  • Quick break for our sponsors
    • The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital at escapingwallstreet.com
  • What is the best investment you've ever made other than your education?
    • A cash-on-cash return deal
  • Josh’s worst investment
    • No worse deal yet
  • What is the most important lesson you’ve learned in business and investing?
    • “The people around you are super important to your success in all regards.”

Connect with Josh Gorokhovsky through Instagram, LinkedIn, Facebook, and https://telosproperties.com.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

Join our Passive Investor Club for access to passive commercial real estate investment opportunities.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Tweetable Quotes:

“The people around you are super important to your success in all regards.” - Josh Gorokhovsky

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Passive Wealth Strategy Show - Real Estate for Busy Pros - Turning Around a Multifamily Deal Gone Wrong & Passive Investing Tips with Hans Box

Turning Around a Multifamily Deal Gone Wrong & Passive Investing Tips with Hans Box

Passive Wealth Strategy Show - Real Estate for Busy Pros

play

11/07/23 • 28 min

What can passive real estate investors learn from a deal gone wrong?

In this episode, experienced passive real estate investor Hans Box shares the story of an early real estate deal that went south and how he and other passive investors took control to turn it around. He provides his expertise in vetting sponsors, reviewing legal documents, asset classes, markets, and more.

Hans is Co-Founder of Box Wilson Equity, a firm that focuses on cash flow and value-add investments and is a Senior Director at Old Capital Lending, a top provider of commercial capital solutions in the Texas market. His background is in the accounting, business strategy consulting, and real estate industries. Hans has personally been directly involved in the acquisition, investment, and management of over $350MM in multifamily and self-storage assets, has asset managed ~3,700 multifamily units, and has been the GP in ~4,300 multifamily units and ~2,000 units of self-storage. He specializes in structuring, creating, and managing partnerships to acquire multi-million dollar cash-flowing assets.

(00:00 - 7:00) Opening Segment

  • Hans got his start in real estate investing by partnering with someone who turned out to be a poor operator.
  • He and another passive investor led the charge to remove the sponsor and take control of a 208-unit apartment deal.
  • By diving in to manage the property, Hans gained invaluable hands-on experience in multifamily.

(7:01 - 15:00) Evaluating Operators as a Passive Investor

  • The most important factor is finding a great operator, not just a great salesperson.
  • Look for transparency, articulation of the business plan, and track record over 5+ years.
  • Get references and talk to their current investors before committing capital.

(15:01 - 22:00) Reviewing Legal Documents and Due Diligence

  • Take diligent time to review PPMs and operating agreements, even if investing a relatively small amount.
  • Consider having an attorney help walk through key clauses at first.
  • It takes repetition to become comfortable reading and analyzing real estate legal documents.

(22:01 - 27:40) Switching Asset Classes and Markets

  • No problem expanding geographically if the operator has done their homework and due diligence.
  • More concerned about asset class change, prefer to see domain experts on the team.
  • But comes down to vetting the operator's overall investing philosophy and track record.

(27:41 - 30:00) Closing Segment

  • Best deal: 152-unit apartment complex in Dallas
  • Worst deal: A hotel in Belize
  • Top lesson learned: Take action, but start conservatively and avoid FOMO - there will always be another deal.

Quotes:

"A bad operator can turn a home run into a strikeout." - Hans Box

"The best way to get rich is hit singles and doubles and don't lose money" - Hans Box

Connect with Hans:

Website: www.boxwilson.com

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

Please leave a review and help others escape Wall Street and build wealth on Main Street!

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FAQ

How many episodes does Passive Wealth Strategy Show - Real Estate for Busy Pros have?

Passive Wealth Strategy Show - Real Estate for Busy Pros currently has 718 episodes available.

What topics does Passive Wealth Strategy Show - Real Estate for Busy Pros cover?

The podcast is about Entrepreneurship, Investing, Podcasts and Business.

What is the most popular episode on Passive Wealth Strategy Show - Real Estate for Busy Pros?

The episode title 'Combining Active & Passive Income with Infill Lot Development with Dan Haberkost' is the most popular.

What is the average episode length on Passive Wealth Strategy Show - Real Estate for Busy Pros?

The average episode length on Passive Wealth Strategy Show - Real Estate for Busy Pros is 31 minutes.

How often are episodes of Passive Wealth Strategy Show - Real Estate for Busy Pros released?

Episodes of Passive Wealth Strategy Show - Real Estate for Busy Pros are typically released every 2 days.

When was the first episode of Passive Wealth Strategy Show - Real Estate for Busy Pros?

The first episode of Passive Wealth Strategy Show - Real Estate for Busy Pros was released on Apr 23, 2019.

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Coyal Harrison III's profile image
Coyal Harrison III

@visitvegasplaces

May 4

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