FBF #656: Ground Leasing, Secure Investing, Generational Wealth Building, and So Much More! -with Steven Waldman
10/13/23 • 26 min
Today's Flash Back Friday episode is from episode #323, which originally aired on 5/18/21.
Steven Waldman is a real estate and ground lease expert.
Steven is the founder and president of Ground Lease Capital Partners, LLC; a national leader in Acquiring, Originating, and Investing in Ground Lease transactions as well as an Advisor to Institutional Investors who are seeking exposure to this asset class.
Prior to founding Ground Lease Capital Partners, LLC, Steven was the Co-Founder of Spectrum Advisors, a family of companies consisting of a Mezzanine Fund, a Title Insurance Agent, and a 1031 Exchange company, where he represented both High Net Worth and Institutional Investors in the acquisition of Ground Leases and Lease Hold positions. In this capacity, Steven successfully transacted over $700 million in acquisitions for his clients
Quotes:
“The ground has separate interest so the leaseholder can buy, sell, or keep as long as they like, and really the same goes for the ground.”
“What you’re really buying here is a super secured stream of income.”
“The beautiful thing about a ground lease is that if something goes wrong at a leasehold level with your tenant, you don’t have to foreclose and go through a lengthy process, you evict. Because it’s a lease and there are no landlord responsibilities to operate anything so there is nothing that the tenant can claim that the landlord did or didn’t do.”
Highlights:
1:58- Steven shares his background and how he got into the real estate space
4:09- Steven gives insight about where the capital comes from on the ground lease side
5:44- Steven shares the type of debt that is available for a ground lease today
6:45- Steven clarifies the type of assets that ground leases are under
9:42- Steven talks about the typical yields today In ground leasing
13:08- Steven shares the most challenging deal he’s done and what he learned from it
Guest Website:
http://groundleasecapitalpartners.com/
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
- Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Today's Flash Back Friday episode is from episode #323, which originally aired on 5/18/21.
Steven Waldman is a real estate and ground lease expert.
Steven is the founder and president of Ground Lease Capital Partners, LLC; a national leader in Acquiring, Originating, and Investing in Ground Lease transactions as well as an Advisor to Institutional Investors who are seeking exposure to this asset class.
Prior to founding Ground Lease Capital Partners, LLC, Steven was the Co-Founder of Spectrum Advisors, a family of companies consisting of a Mezzanine Fund, a Title Insurance Agent, and a 1031 Exchange company, where he represented both High Net Worth and Institutional Investors in the acquisition of Ground Leases and Lease Hold positions. In this capacity, Steven successfully transacted over $700 million in acquisitions for his clients
Quotes:
“The ground has separate interest so the leaseholder can buy, sell, or keep as long as they like, and really the same goes for the ground.”
“What you’re really buying here is a super secured stream of income.”
“The beautiful thing about a ground lease is that if something goes wrong at a leasehold level with your tenant, you don’t have to foreclose and go through a lengthy process, you evict. Because it’s a lease and there are no landlord responsibilities to operate anything so there is nothing that the tenant can claim that the landlord did or didn’t do.”
Highlights:
1:58- Steven shares his background and how he got into the real estate space
4:09- Steven gives insight about where the capital comes from on the ground lease side
5:44- Steven shares the type of debt that is available for a ground lease today
6:45- Steven clarifies the type of assets that ground leases are under
9:42- Steven talks about the typical yields today In ground leasing
13:08- Steven shares the most challenging deal he’s done and what he learned from it
Guest Website:
http://groundleasecapitalpartners.com/
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
- Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Previous Episode
#655 MHP: How to Add Huge Value to Your Mobile Home Park and Save Tons of Cash With Trash - Ian Djuric with Premier Waste Group
Today's Mobile Home Park Episode is from Episode #81.
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor atKevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes atKevinBupp.com/Podcast.
Next Episode
#657: Diversifying Investments: Car Washes, ATMs, and Self-Storage Opportunities
Dave Zook and his team at The Real Asset Investor specialize in a variety of asset classes including ATM machines, Car Washes, Energy, Self-Storage and a number of others. In fact, he and his team are one of the Top 4 ATM Fund Operators in the US. Dave is a sought-after speaker and has shared his knowledge across various media platforms such as The International Business Conference, The Real Estate Guys Radio Show, Cashflow Ninja and many others. Additionally, Dave is also a fellow Pennsylvanian and lives in Lancaster PA with his wife and 4 daughters.
Quote:
“If you focus on your operations and you’ve got stuff in your portfolio that needs stabilized, you’ve got stuff that needs “buttoned-up,” button that stuff up tight. The better you’re running your ship, the better your chance is that a bank is going to look at you and say, “yep, we’ll do the next deal with you.”
Highlights:
2:55: Learn about Dave’s background
8:45: What Dave’s business looks like today compared to 6-12 months ago
15:00: Advice on finding lenders - Dave’s strategy on how to secure relationships with banks and other lenders
26:45: What was the transition from a “sub par" to a quality wash from a car wash?
29:09: Talking about ATMs today and what we can expect from them in the future
Guest Website: therealassetinvestor.com
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
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