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Hosted by Dr. Jason Balara, this podcast aims at helping professionals finding their own purpose in life and create alternatives streams of income in order to reach their maximum potential.
Episodes
Friday May 31, 2024
Friday May 31, 2024
Welcome to our latest podcast episode where we delve into the world of real estate innovation with Brian Charlesworth, the CEO of Sisu.
In a conversation filled with entrepreneurial insights, Brian takes us through his journey from the early days of the internet at MCI WorldCom to revolutionizing the real estate industry with cutting-edge technology. Join us as we explore the inception of Sisu, its growth trajectory, and the transformative power of data analytics in sales performance and leadership.
Key Takeaways:
- Inspiration from Challenge: Brian was inspired to create Sisu after witnessing the data management struggles of his wife's real estate team, highlighting that sometimes frustration can lead to game-changing innovation.
- Rapid Growth and Adaptation:Sisu's journey from a sales performance tool to a robust real estate platform shows the importance of pivoting and evolving based on customer feedback and industry needs.
- Industry Integration:Sisu's seamless integration with nearly every CRM in real estate is a testament to its adaptability and the importance of understanding the customer to create a truly useful product.
- Expansion Potential:While Sisu is currently revolutionizing real estate, the conversation with Brian reveals the platform's potential to expand and adapt to other sales-driven industries.
- Leadership Through Technology:Real-time data analytics not only improves sales but also fosters leadership, as demonstrated by the evolution of Brian's wife from a salesperson to a leader of leaders.
Get in touch with Brian:
https://www.instagram.com/sisuhq/
https://www.facebook.com/sisuHQ/
https://www.linkedin.com/company/sisuhq/
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday May 29, 2024
Wednesday May 29, 2024
In this episode, we dive deep into the real estate investment journey with Culby Culbertson, who shares his invaluable insights from his transition from the oil fields to becoming a property investment maestro. Join us as we discuss strategies, market challenges, and the importance of networking and specialization in the competitive landscape of real estate.
Key Takeaways:
1. The Importance of Networking:
Culby emphasizes the critical role networking plays in the real estate industry, particularly for those new to the space. The connections you make can lead to partnerships, advice, and opportunities that would otherwise be unavailable.
2. Specialization in Real Estate:
With a vast array of roles and asset classes, Culby advises newcomers to hone in on a niche. Specialization allows investors to become experts in their chosen field and operate more efficiently.
3. Market Volatility and Adaptability:
The episode discusses how fluctuations in interest rates affect investment strategies and the parallels with the oil industry's volatility. Culby highlights the need for investors to be adaptable and educated to successfully navigate these changes.
4. Impact of Market Shifts on the Wealth Gap:
Recent economic events have widened the wealth gap, with institutional players capitalizing on opportunities while retail investors grow cautious. The episode delves into how market volatility influences investor behavior.
5. Due Diligence in Investment:
With a market shift towards caution, the emphasis on thorough due diligence becomes even more significant. Investors need to scrutinize deals more carefully and understand the risks and strategies involved.
6. Future of Interest Rates and Investment:
Culby shares his perspective on the likelihood of interest rates stabilizing rather than decreasing significantly. This new normal requires investors to adapt their expectations and strategies accordingly.
Get in touch with Culby:
https://www.linkedin.com/in/culbyc/
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday May 24, 2024
Friday May 24, 2024
In this enlightening episode, we dive into the evolving market of flex industrial spaces with the expert guidance of Cody Payne, Senior Vice President at Colliers, Texas.
Discover how these multifunctional properties are reshaping the commercial real estate landscape by offering a hybrid solution that blends industrial and office space. Cody unpacks the reasons behind the rising popularity of small bay flex spaces and their significance in a post-COVID economy.
With a focus on adaptability, cost-effectiveness, and regional customization, this episode is a gold mine for investors, developers, and business owners looking to understand the nuances of flex space investments and their growing appeal across diverse tenant demographics.
Key Takeaways:
- The Evolution of Flex Spaces: Flex industrial properties have been on the rise since 2018, providing a cost-effective and versatile solution for businesses. Their growth has been particularly strong post-COVID, attracting a variety of tenants from different sectors due to their flexibility and lower costs.
- Regional Preferences: Tenant space size and amenities can differ greatly from one region to another. It's crucial to understand local demands to ensure successful leasing and development strategies. For example, adding storage yards or aesthetic improvements can make properties more appealing to local businesses.
- Investment Opportunities: Flex spaces are a compelling investment, even in challenging markets like California. They cater to a diverse range of businesses and can offer creative solutions, such as commercial kitchens for delivery services, highlighting their adaptability in various economic landscapes.
- Market Dynamics:Managing flex industrial properties can be easier than other real estate investments due to factors like lower tenant turnover and minimal maintenance requirements. Cody compares the trajectory of flex spaces to the historical rise of self-storage and mobile home parks, which transitioned from mom-and-pop ownership to institutional investment.
- Navigating Challenges: Understanding what drives rent and tenancy in the flex space market is crucial to avoid risks of overbuilding. Investors are encouraged to consult with specialists who understand the intricacies of this asset class.
Get in touch with Cody:
https:/linkedin.com/in/codypayne/
@txofficeindustrial
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday May 22, 2024
Wednesday May 22, 2024
Welcome to our latest episode where we dive into the remarkable journey of David Lilley, a former Marine Corps member and firefighter who pivoted his career to become a real estate investment expert. With 300 active investments and an impressive growth trajectory, David's story offers a wealth of insights for anyone looking to enter or scale their own real estate ventures.
Episode Highlights:
- David's Background: Learn about David's transition from military service and firefighting to launching his career in real estate investing, starting with single-family rentals and moving up to multifamily properties.
- Scaling a Real Estate Business:Discover the strategies David employed to scale his business, including leveraging creative financing, building a network for equity, and managing properties from afar.
- Financial Fundamentals: Understand the importance of liquidity and cash flow in the real estate business and how quick exits can fuel growth.
- Risk and Reward in Real Estate Investing: Gain insight into the differences between active and passive investing and what it takes to handle the risks and work involved in property management.
- Hiring and Team Building: Get tips on hiring practices that prioritize character and learn about adapting to market dynamics and managing a balanced portfolio.
Get in touch with David:
https://www.linkedin.com/in/dblilley/ https://www.instagram.com/reapcapital/
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday May 17, 2024
Friday May 17, 2024
In this episode, Dr. Jason Balara sits down with tax strategist and real estate investor Thomas Castelli to unravel the intricacies of tax planning in real estate investment. They discuss the benefits of extending tax returns, passive loss banking, and laddering strategies for investors.
Thomas also highlights how real estate professional status can significantly impact tax benefits for couples and explains the effect of local regulations on short-term rentals. The conversation is rounded out with personal reflections on the motivations behind pursuing real estate investment and the drive to build generational wealth.
Key Takeaways:
1. Extending Tax Returns: Real estate investors should anticipate extending their tax returns due to delays in K-1 distribution, which is common in real estate syndication.
2. Passive Loss Banking: Investors can accumulate losses to offset future passive income. These losses can be carried forward and used strategically over time to optimize tax benefits.
3. Real Estate Professional Status: When one spouse qualifies as a real estate professional, couples can leverage this status to offset passive rental losses against active income, providing a significant tax advantage.
4. Local Regulations Impact: Investors must be aware of the changing local regulations on short-term rentals as they can influence the profitability and tax benefits of such investments.
5. Motivations for Investing: Understanding one's personal "why" is crucial for success in real estate and any entrepreneurial venture. Dr. Balara shares his motivation to build generational wealth and encourage others to do the same.
6. Fitness and Health: A healthy lifestyle is vital for maintaining the energy required for entrepreneurial success, emphasizing the need for balance in the pursuit of financial goals.
7. Community Engagement: The episode concludes with an invitation for listeners to engage with the podcast, highlighting the diversity of professionals featured and the insights they offer on the path to success.
Connect with Thomas:
www.thomascastelli.com/taxsmart
@thomascastellicpa (Instagram)
@thomascastelli_ (Twitter/X)
https://www.linkedin.com/in/thomascastelli/
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday May 15, 2024
Wednesday May 15, 2024
Welcome to another episode of the Know Your Why Podcast! This week, we're joined by Marc Weisi, a multifamily real estate expert whose journey from Wall Street to property mogul is both inspiring and educational. If you're interested in building wealth through real estate, this episode is packed with actionable advice and insights from Marc's vast experience.
Key Takeaways:
1. Teamwork Makes the Dream Work: A strong team with diverse expertise is crucial for success in multifamily real estate investing.
2. Leverage Your W-2: Maintaining a regular income job can serve as a safety net, making you more bankable and able to invest more into your real estate ventures.
3. Understanding Your 'Why': Recognizing your underlying motivation can provide a guiding light through your investment journey and lead to lasting wealth and legacy.
Connect with Marc Weisi:
YouTube: Maple Capital Partners
IG: @marc_weisi
Facebook: Marc Weisi
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday May 10, 2024
Friday May 10, 2024
In this deeply personal and inspiring episode, we sit down with Erik Allen, a man who has turned his life around from the grips of abuse, addiction, and professional setbacks.
Eric's powerful story of transformation shows us that it is never too late to change your narrative and live a life of purpose and intentionality.
Key Takeaways:
- The impact of one's environment on personal growth and success
- The power of faith and intentional decision-making in overcoming adversity
- The importance of mentorship and changing your environment for personal development
- Eric's dedication to breaking the cycle of abuse and addiction for his children
- Strategies for work-life balance and instilling family values
- The surprising accessibility of mentors and influential figures through social media
- Understanding the 'why' behind success to drive meaningful change
Connect with Erik:
Facebook - https://www.facebook.com/ErikAllenMedia
Instagram - https://www.instagram.com/erikgallen/
TikTok - https://www.tiktok.com/@erikallenmedia
Twitter - https://twitter.com/ErikGAllen
LinkedIn - https://www.linkedin.com/in/erikgallen/
YouTube - https://www.youtube.com/channel/UCIvY9tURSqCVjnHx7dcgIeQ?sub_confirmation=1
Website - https://www.erikallenmedia.com/
Final Thoughts:
This episode is a masterclass in resilience and intentional living. Eric Allen's story reminds us that it's not about where you start but where you're going and how you choose to get there. As you listen, remember that the power to shape your future is in your own hands, and success might just be a message away.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday May 08, 2024
Wednesday May 08, 2024
Beth Matthews joins us to share her inspiring transition from the structured world of pharmaceutical sales to the dynamic and unpredictable real estate industry during the 2009 economic crisis. Discover how Beth's adaptability and a strong service mindset enabled her to overcome initial challenges and build a thriving career.
Our conversation spans the importance of foundational skills in real estate, navigating current market complexities, and evolving with the industry.
Chapter Summaries:
- (0:00:00) Real Estate Success Stories With Beth: Beth discusses her bold career shift during maternity leave and the parallels between pharmaceutical sales and real estate. We explore the importance of foundational skills and Beth's unique approach to success in a changing market.
- (0:09:26) Back to Basics in Real Estate: We delve into the significance of sticking to basic sales skills, regardless of industry or market conditions. Beth and I discuss the impacts of market changes and the consultative role of a real estate agent in guiding clients through major life events.
- (0:16:05) Navigating Changes in Real Estate Industry: This chapter focuses on the evolving real estate landscape and how agents can redefine their value proposition. We discuss the media's portrayal of the industry and the opportunity for agents to negotiate their worth.
- (0:21:53) Adapting and Succeeding in Business: The conversation turns to mentoring new agents, the importance of adaptability, and knowing your 'why' as a driving force for motivation and direction in both personal and professional life.
- (0:25:19) Early Introduction and Explanation : We discuss the motivations behind our pursuits and the importance of understanding our 'whys' for greater insight into our actions and decisions.
Get in touch with Beth:
Instagram: @envisionrealestatewny
Facebook: @envisionrealestate1
LinkedIn: https://www.linkedin.com/in/beth-matthews-9335a139/
TikTok: @envisionrealestate
YouTube: @envisionrealestatewny
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Friday May 03, 2024
Friday May 03, 2024
Welcome to a new solo episode of the Know Your Why Podcast, where your host, Jason Balara, embarks on a reflective journey, sharing his transformation from a veterinary surgeon to a real estate investor, now that we have reached the 300th episode.
In this milestone solo episode, Jason gives into the core of his personal narrative and the driving force behind the podcast itself.
Episode Highlights:
- Jason's Transition: Explore Jason's unique story of shifting from the world of veterinary surgery to becoming a successful real estate investor. Learn about the pivotal moments and the significance of understanding one's 'why' through life's challenges.
- Gratitude and Support: A heartfelt acknowledgment to those who have supported Jason on his journey, including special mentions of Emily, Song, Edwin, Cindy, and Rachel. Their support is an integral part of the success and evolution of his 'why'.
- Giving Back to Veterinary Community: Jason discusses his advocacy for self-care within the veterinary community and his aspirations to nurture a legacy that reshapes the industry for future generations, including his own children.
- Inspiring Future Leaders: Delve into the importance of setting an example for the youth, highlighting our responsibilities as role models and the profound influence we have on aspiring leaders in entrepreneurship and beyond.
Jason welcomes feedback on this episode and encourages listeners to join the conversation about the 'why' behind success. Rate, review, and share your thoughts on how your own 'why' influences your journey.
Thank you for coming with us on this special podcasting journey, and we look forward to exploring more stories of success with you. Together, let's continue to uncover the whys that drive us toward our goals.
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
Wednesday May 01, 2024
Wednesday May 01, 2024
In this enlightening episode of the Know Your Why Podcast, your host Jason Balara welcomes the multi-talented Doug Banerjee, a multifamily investment sales broker and commercial real estate connoisseur.
Doug brings his unique perspective, transitioning from a career in engineering and IT consulting to becoming a key player in the Dallas real estate scene. With interest rates creating waves in the market, Doug discusses the intricacies of deal-making in today's economic climate, sharing his expertise on how bridge debt is reshaping investment strategies.
Moreover, Doug offers a personal glimpse into his life, expressing how travel, family, and sports influence his professional drive and contribute to his legacy.
Transcript Highlights:
- Doug Banerjee reveals the substantial decrease in transaction volume and discusses the challenges that come with a rapidly changing market.
- He reflects on his career journey, from engineering to IT consulting and ultimately to his passion for real estate.
- The episode uncovers the significance of being both a subject matter expert and a sub-market expert in commercial real estate.
- Doug shares his why – to travel the world and provide his family with enriching experiences, aligning his personal goals with his professional drive.
Connect with Doug:
https://www.instagram.com/dougbanerjee/
https://www.facebook.com/doug.banerjee
https://www.linkedin.com/in/doug-banerjee-43a9811/
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/