Episodes
Wednesday Feb 28, 2024
The pillars of prosperity in property investment with Brett Riggins| Know your WHY #288
Wednesday Feb 28, 2024
Wednesday Feb 28, 2024
EPISODE SUMMARY:
Have you ever wondered how resilience and strategic partnerships can catapult a business to unprecedented heights? This week, we're joined by real estate titan Brett Riggins, who pulls back the curtain on his illustrious two-decade journey that's peppered with invaluable lessons on building robust relationships and scaling ventures like Physician Wealth Systems. The twists and turns of Brett's path from his parents' home construction business to becoming a design-build company owner and savvy investor are nothing short of a masterclass in entrepreneurial tenacity.
The balance between ambition and contentment is a delicate dance many learn too late. My guest and I traverse this topic, sharing the transformative shift towards a leaner, more automated business model that champions both profit and personal peace. We dissect the strategic growth necessary for a business's longevity, reflecting on our past high-stress lives and how we've found fulfillment in our respective Carolinas—emphasizing the importance of aligning one's professional pursuits with a deeper sense of purpose.
BRETT'S BIO:
Brett Riggins is a twenty year veteran of the real estate business whose passion is helping people connect with the life they want. The founder of Connect Home Buyers and Physician Wealth Systems, he’s shepherded more than 20 million dollars in transactions in the last decade. With a degree in Construction Engineering from Western Michigan University and a formative journey through the blood, sweat, and grind of building his investments, his expertise has helped hundreds of people find the deals they needed.
Based out of Charlotte, North Carolina, where he lives with his wife and two kiddos (a.k.a. future entrepreneurs), Brett connects people with the tools they need to create the life they want.
GET IN TOUCH WITH BRETT :
https://physicianwealthsystems.com/
https://www.linkedin.com/in/brettriggins/
https://www.instagram.com/nnbrett/
https://www.facebook.com/brett.riggins.9
EPISODE CHAPTERS:
(0:00:00) - The Path to Real Estate Success Real estate entrepreneur Brett Riggins shares his journey, challenges, and success through private capital and physician partnerships.
(0:09:55) - Scaling Your Business Strategically Scaling a business involves aligning growth with personal goals, navigating HR and legal requirements, and finding joy in a leaner, more profitable model.
(0:21:39) - Scaling Relationships and Self-Contentment Transition from hustle to contentment, building and selling businesses, leveraging technology and partnerships, and creating a fulfilling lifestyle.
(0:26:04) - Discovering Your Why in Real Estate Exploring the concept of 'why' and constant improvement, and the impact of music and emotions on success and growth.
(0:38:16) - Discovering Your Why for Success Daily self-improvement, staying grounded in truth, and persistence in cultivating a fulfilling life are discussed on the Know Your Why Podcast.
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 Feb 23, 2024
Friday Feb 23, 2024
EPISODE SUMMARY:
Join us as Peter Richter, from InterWest Capital, shares his fascinating journey from leasing agent to a key player in capital markets and investor relations. Listen in as Peter reveals how his property management roots have enriched his understanding of investor communication and strategy execution. He underscores the pivotal role of grasping tenant preferences in executing value-add strategies and the art of tailoring investment decks to resonate with various investor profiles.
As we explore the synergy between asset management and investor relations, I reflect on my time at Davlin Investments where I bridged these roles, leveraging my knack for communication to articulate property narratives. Peter and I discuss InterWest's opportunistic yet discerning investment philosophy, highlighting our forays into multifamily assets and our agility to embrace opportunities in diverse asset classes. The conversation sheds light on the intricacies of strategic development and the concept of restored core investments, providing a rich tapestry of insights for both seasoned and budding investors.
We round out the conversation by tackling the real estate landscape's challenges, from the local market idiosyncrasies to broader economic shifts, and the significance of adaptability and problem-solving in asset management. Peter also opens up about his passion for mead-making, drawing parallels between the patience required for perfecting mead recipes and mastering real estate ventures. His parting advice to newcomers in the industry emphasizes the value of niche expertise and the apprenticeship model for learning the ropes. Whether you're a real estate aficionado or just curious about the intricacies of the field, this episode offers a wealth of knowledge and inspiration.
PETER'S BIO:
Mr. Richter provides strategic direction on matters affecting investor communication, capital markets, equity placement and functions as a liaison to new investors. Prior to joining Interwest Capital, Mr. Richter served as the Director of Investor Relations and Asset Management at Davlyn Investments where he oversaw the placement of over $85 million in equity as well as spearheaded the implementation of portfolio wide ESG initiatives. Before Davlyn, Mr. Richter spent his entire professional career learning the intricacies of the multifamily management and investment industry from the ground up working for national operators such as Holland Residential and Pinnacle International and UDR, one of the nation’s largest REITs where he oversaw their San Diego portfolio which consists of both mid-rise and high-rise, class A apartments.
GET IN TOUCH WITH PETER :
https://interwestcapital.com/our_team/peter-richter/
www.linkedin.com/in/peter-richter-84081382/
EPISODE CHAPTERS:
(0:00:00) - Property and Asset Manager Roles Peter Richter shares insights on asset management, tenant preferences, and market fundamentals in capital markets and investor relations.
(0:11:24) - Asset Management and Investment Strategies Effective communication is crucial for relaying property status to investors, while InterWest targets smile states and diversifies with hotels and development.
(0:28:08) - Real Estate Challenges and Personal Motivation Nature's challenges in real estate asset management: understanding local markets, creative problem-solving, and enhancing returns for stakeholders.
(0:35:57) - Exploring Real Estate and Mead Making Nature's mead-making and real estate advice, including niche focus, research, and apprenticeship opportunities for young professionals.
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 Feb 21, 2024
Wednesday Feb 21, 2024
EPISODE SUMMARY:
From the operating room to the boardroom, Dr. Ryan Smolarz' story is not your run-of-the-mill career pivot. On our latest episode of the Know Your Why podcast, I sit down with this remarkable otolaryngologist turned self-storage savant to track his evolution. Ryan's foray into the business world amid hurricanes and pandemics is a masterclass in resilience and determination, underscoring his pursuit of financial independence. His narrative weaves through the tapestry of life's complexities, providing a fascinating look at how financial sovereignty can serve as a backbone for navigating the unpredictable.
Ever wondered how visionary goals are crafted and pursued? This episode peels back the layers on the psychology of ambition, discussing the likes of Elon Musk and the monumental mindset needed to manifest such dreams into reality. Ryan and I dissect the ins and outs of real estate investment, highlighting self-storage as a beacon of stability that goes beyond asset appreciation. The conversation takes a deeper look at the symbiotic relationship between financial health and mental well-being, emphasizing why financial stability should be a cornerstone of life's blueprint.
Closing out, Ryan's journey from wealth building to charitable giving serves as an inspiration, proving that the path to success can lead to meaningful societal contributions. He shares actionable advice for diving into real estate, stressing the importance of aligning with partners who resonate with your investment philosophy. It's an episode brimming with wisdom for anyone looking to cement their financial future. So whether you're a medical professional, an aspiring entrepreneur, or just seeking a sturdier financial footing, join us for a compelling exploration into the ‘why’ behind success and how you too can secure a life of both purpose and prosperity.
DR. J. RYAN SMOLARZ BIO:
Dr. Joseph Ryan Smolarz, founder of STOR Partners, is a seasoned entrepreneur and Otolaryngology practitioner. With a patent for a reflux medication and a pending invention, he combines medical innovation with extensive experience in commercial real estate, specializing in self-storage and assisted living. His mission is to provide financial sovereignty to medical professionals through strategic investments in hard assets. Dr. Smolarz, equipped with an MBA from the University of Miami, emphasizes meticulous team-building in both public and private ventures. He's also a dedicated family man, proud father of Asher Drew and Harper Ayden, husband of fifteen years to Kelli, and caretaker of Ollie, his white Spinoni.
GET IN TOUCH WITH DR. J. RYAN SMOLARZ :
https://storpartners.com/#/about
https://www.linkedin.com/in/joseph-ryan-smolarz-4803a81/
EPISODE CHAPTERS:
(0:00:00) - Finding Purpose Beyond Medicine Dr. Ryan shares his journey from medicine to self-storage real estate, discussing challenges and finding financial sovereignty.
(0:14:24) - Setting Goals and Investing in Real Estate High aspirations, positive mindset, real estate investment, financial stability, and its impact on mental and physical health.
(0:26:48) - Understanding Illiquidity and Importance in Investing Real estate illiquidity prevents hasty decisions, focused stock investment, transparency in private placements, education, performance-based fees, and expert collaboration.
(0:36:38) - Investment Strategy and Cash Flow Importance Equity multiple, reinvesting returns, compounding, tax efficiency, business reinvestment, distributions, growth strategy, due diligence, investment thesis, personal financial goals.
(0:41:32) - Investment Goals & Cash Flow in Real Estate Understanding investment goals in real estate, prioritizing cash flow or returns upon exit, working with aligned partners, and setting financial goals for future security.
(0:50:46) - Success, Impact, and Real Estate Investing Successful individuals share their philanthropic experiences, benefits of lean business, personal pursuits, investing in volatile markets, and advice for real estate.
(0:58:11) - Exploring the Why Behind Success Gratitude for guest's insights on long-term financial planning, invitation for future collaboration, and audience engagement on the Medicine and Money show.
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 Feb 16, 2024
Building a Billionaire with Dr.Jason Balara | Know your why #285
Friday Feb 16, 2024
Friday Feb 16, 2024
EPISODE SUMMARY:
When my son Logan asked me about the secret to wealth, his earnest curiosity set us down a path I'm excited to share with you. His simple question sparked an enlightening conversation on today's Know Your Why podcast, where I delve into the transformative power of real estate investment. From a $50,000 starting point to the lofty peaks of a billion-dollar legacy, I unravel the mystique of compounding gains and the principle of doubling investments every five years. It's a narrative that not only charts the course for achieving financial freedom but also ignites the passion for embarking on this journey, regardless of when you begin.
This episode stands as a testament to the idea that it's never too late—or too early—to start building a future for ourselves and our loved ones. I get personal, sharing my strategies for securing a family's financial future, including navigating life insurance payouts and instilling a sense of financial literacy in our children. You're invited to an intimate session that offers more than just financial advice; it's a movement towards a legacy of prosperity through smart, passive real estate investing. Whether you're a seasoned investor or just starting to explore the possibilities, join me for insights that could redefine your financial trajectory and propel you towards creating a better world for generations to come.
EPISODE CHAPTERS:
(0:00:01) - Investing in Real Estate for Generations Real estate investment opportunities are always available, with potential for compounding growth and future generations.
(0:11:37) - The Importance of Starting Investing Now Taking action for financial stability through real estate, starting late is not a barrier, teaching children about investing for a legacy.
(0:18:26) - Appreciation for "Know Your Why" Gratitude for listeners, diverse guests, and understanding motivations behind success on the Know Your Why podcast.
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 Feb 14, 2024
Wednesday Feb 14, 2024
EPISODE SUMMARY:
Embark on a transformative journey through the world of real estate investment as Mark Khuri, from SMK Capital Management, shares his remarkable transition from corporate confines to real estate mogul. Unlock the secrets of weathering economic storms and uncover the art of value-add through savvy property rehabilitation with us on the Know Your Why podcast. Mark's wealth of experience sheds light on the nuanced strategy of pinpointing underperforming properties in high-demand areas and elevating them to achieve maximum returns. His tales of resilience during the 2005 recession serve as a masterclass in holding assets when the market is low and optimizing the timing of your investments.
As we venture further with Mark, we uncover the goldmine potential of self-storage facilities and mobile home parks, revealing how undermanagement can translate into lucrative opportunities for the astute investor. Our conversation isn't just about the triumphs; it's a candid look at the balance between active and passive investment roles, the tactical shift from hands-on property management to embracing a diversified, passive portfolio, and the pursuit of a more harmonious work-life balance. Whether you're a seasoned investor or new to the game, Mark's insights into patient, strategic growth and risk management are invaluable.
Join us for an episode full of actionable advice and the inside scoop on building wealth in the real estate market.
MARK'S BIO:
Mark has been an avid real estate investor for over 17 years and throughout his career he has been involved in sourcing, underwriting, acquiring, raising capital, rehabilitating, managing and selling both residential and commercial investments throughout multiple markets in the US.
Mark has analyzed thousands of investment opportunities and has successfully bought, renovated, sold and invested in over 120 properties with a combined value over $1 billion and created and managed over 60 real estate partnerships with investors.
GET IN TOUCH WITH MARK :
EPISODE CHAPTERS:
(0:00:00) - Real Estate Investing and Value-Add Strategies Mark shares his real estate journey, strategy for creating value through property rehabilitation, and the role of timing and luck in investments.
(0:10:37) - Value-Add Strategies in Real Estate Investments Strategic acquisition and value-add opportunities in self-storage and mobile home parks, emphasizing undermanagement, rent increases, and patient investment perspective.
(0:23:58) - Diversifying Investment Strategies and Asset Classes Transition from active to passive real estate investing, networking, diversification, trust with partners, and work-life balance.
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 Feb 09, 2024
Friday Feb 09, 2024
EPISODE SUMMARY:
Join me, Dr. Jason Ballara, on the Know Your Why Podcast, where I engage in a heartfelt conversation with Jake Burhans, a former athlete turned real estate mogul. Listen in as Jake shares his transformative journey from the ice rinks to the competitive world of real estate investing. We dissect the critical leap from simply reading "Rich Dad Poor Dad" to actualizing its principles alongside a fellow UNH alum. Discover how Jake and his partner navigated the challenges of passive income generation and learn the trio of elements that form the backbone of any thriving partnership: clearly defined roles, shared values, and a united mission.
Shifting gears, we navigate the tactical evolution from wholesaling properties in New Hampshire to targeting the more fruitful realms of Florida and North Carolina. Jake opens up about the strategy behind this geographic pivot, shedding light on the intricacies of market conditions and the allure of multifamily investments. Through our discussion, the importance of a sturdy cash flow foundation becomes evident, as does the art of scaling a business with an eye toward a future of financial independence. Gain insights on how to strategically reduce day-to-day business involvement, paving the way for grander investment pursuits by mid-2025.
In our final chapter, we delve into the heart of real estate marketing and its impact on business growth. Jake and I explore setting Key Performance Indicators (KPIs), building a resilient team, and the art of delegation. Marketing takes center stage as we compare the hustle of outbound strategies with the nurturing nature of inbound efforts, highlighting the journey to exponential growth. Moreover, we peer into Jake's personal motivations behind his real estate ventures, transitioning from profit-centric goals to a life rich with time, impact, and the freedom to enjoy passions like driving and music.
Tune in to uncover the personal side of a real estate entrepreneur and the inspirations that fuel his quest for success.
JAKE'S BIO:
Jake Burhans is a real estate entrepreneur who owns and operates two separate companies. With QA Home Buyers he is on a mission to empower communities by providing solutions for homeowners looking to sell their properties. Additionally, with Maple Birch Properties he is an active real estate investor with holdings in the New Hampshire area. Jake graduated from the University of New Hampshire with a degree in finance and has utilized his education and expertise to excel in the industry.
GET IN TOUCH WITH JAKE :
https://www.facebook.com/groups/optimizerei/
IG: Jake_Burhans
FB: Jake Burhans
LI: linkedin.com/in/jacob-burhans
EPISODE CHAPTERS:
(0:00:00) - Real Estate Investing and Partnership Evolution Real estate entrepreneur Jake Burhans shares his journey from athlete to investor, discussing partnership, passive income, and financial freedom.
(0:10:06) - Transition to Multifamily Real Estate Strategic shift from NH to FL/NC for lucrative markets, goal of transitioning to multifamily properties, scaling business effectively.
(0:18:04) - Importance of Marketing in Real Estate KPIs, reserves, team dynamics, marketing strategies, and investment in resources drive business growth in real estate wholesaling.
(0:30:59) - Real Estate Investing and Personal Motivations Real estate investment strategies, flipping vs. custom remodels, importance of speed and convenience, hard money loans, personal motivations and passions.
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 Feb 07, 2024
Mastering Trillion-Dollar Opportunities with Scott Maurer | Know your why #282
Wednesday Feb 07, 2024
Wednesday Feb 07, 2024
EPISODE SUMMARY:
Ever felt boxed in by traditional retirement investment options? Scott Maurer from Advanta IRA joins us to break down the barriers of conventional thinking with self-directed IRAs. His legal expertise and extensive knowledge in retirement planning illuminate the path for investors looking to expand their portfolio reach. Have you ever considered owning a piece of an English soccer club or tapping into the real estate market with your IRA? This episode peels back the layers on how to make these aspirations a reality.
Navigating the realm of IRAs can be as complex as a labyrinth, but fear not, Scott and I guide you through the nitty-gritty of traditional, Roth, SEP IRAs, and solo 401(k)s, including their unique tax implications. We don't just stop at theory; we equip you with practical steps and considerations for setting up your self-directed IRA. Real estate investments through this vehicle come under the microscope too, as we compare the tax benefits to personal real estate dealings. It's about giving you the tools and knowledge to make informed choices about where your retirement money can grow.
This isn't just a journey through financial education; it's about connecting your investments to your passions. With Scott's insights, this episode serves as your catalyst for rethinking your financial trajectory and discovering the 'why' behind your investment goals. Join us for a discussion that's sure to leave you both enlightened and inspired.
SCOTT'S BIO:
Scott Maurer is the Vice President of Sales for Advanta IRA, a nationwide self-directed IRA administrator. Scott has worked for Advanta since 2006, helping thousands of people invest in alternative assets (mainly real estate) using their IRAs and old 401ks. Scott is a frequent speaker and lecturer on the topic of self-directed IRAs and has also appeared on many real estate and investment podcasts. Scott is also an attorney and a member of The Florida Bar, although he does not give legal advice to Advanta clients.
Achievements: Over 50% growth in new business during 2023 (consistent growth also over the last 5 years)
GET IN TOUCH WITH SCOTT :
https://www.youtube.com/channel/UCEE4_cMUgKC9g9t61vjPo_A https://www.facebook.com/AdvantaIRA/
https://www.linkedin.com/in/scott-maurer-18998465/
EPISODE CHAPTERS:
(0:00:00) - Understanding Self-Directed IRAs and Investment Options Scott shares his journey from law to self-directed IRAs, discussing misconceptions and educating investors about their potential.
(0:10:33) - Traditional and Roth IRAs Nature's retirement accounts: traditional and Roth IRAs, SEP IRAs for small business owners, and setting up self-directed IRAs with designated beneficiaries.
(0:15:06) - Transferring Funds and Tax Considerations Transferring funds into a self-directed IRA, investment process, tax implications of real estate in retirement accounts.
(0:26:42) - Self Directed IRAs and Retirement Investments Retirement funds can be invested in real estate through self-directed IRAs, providing more control and potential for raising capital.
(0:36:02) - Self-Directed IRAs and English Soccer Self-directed retirement accounts offer control over investments, while English soccer and cultural experiences enhance our connection to sports.
(0:45:10) - Understanding Your Why Real estate investing, entrepreneurship, and personal development are discussed with expert Scott on the Know Your Why podcast.
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 Feb 02, 2024
Friday Feb 02, 2024
EPISODE SUMMARY:
Join us for a captivating conversation with Bethany Finch, the trailblazing founder of American Made Home Solutions, as she unfolds her 27-year odyssey through entrepreneurship and real estate. From her tenacious beginnings as a foster kid to a dynamic business mogul, Bethany's story is a masterclass in aligning career with lifestyle. She unpacks her intricate strategies for real estate investment and illustrates her profound commitment to creating meaningful community impact. Bethany's infectious enthusiasm for her work and incisive understanding of market trends is sure to inspire any listener with an interest in cultivating both financial success and societal contribution through real estate. We explore how Bethany's personal journey towards financial and lifestyle freedom has shaped her business philosophy.
Her pursuit of niche markets, particularly workforce housing, underscores her desire to build sustainable growth and create a legacy of empowerment. Listeners will also get a glimpse into Bethany's unique RV living lifestyle and her mission to bring families closer to financial literacy and spiritual fulfillment. For those seeking guidance in the real estate realm or simply looking for insight into a purpose-driven career path, Bethany's experiences offer a guiding light. Get ready to be motivated by her story and her commitment to paving the way for financial empowerment and sustainable community growth.
BETHANY'S BIO:
Bethany Finch, the Remote RV Investor and founder of American Made Home Solutions. Bethany has over 27 years founding and running 4 separate companies; a credit hacking business, an executive rental business, a single family residential renovation business, and a multifamily syndication business. Her and her husband, Kurt Finch, have worked their way all their way up from a groundskeeper to owner of multifamily, at one time Kurt had over 5,000 doors all under full renovations across 20 different properties under management. Kurt & Bethany are working to utilize their God given gifts to further Christ's kingdom while utilizing their many properties in many different markets. Bethany spent many of her years also teaching both K-12 students and adults in a variety of subjects such as higher level maths and sciences. She loves to see the “lightbulb” go off for people to be able to see the door opened to opportunities they never knew were available. You can find Bethany & Kurt travelling the USA with their RV security, Blue dog.
GET IN TOUCH WITH BETHANY :
LinkedIn: https://www.linkedin.com/in/bethany-finch-amhs/
Facebook: https://www.facebook.com/AmericanMadeHomeSolutions
LinkedIn: https://www.linkedin.com/company/american-made-home-solutions
Instagram: https://www.instagram.com/americanmadehomesolutions/
YouTube: https://www.youtube.com/c/AmericanMadeHomeSolutions
EPISODE CHAPTERS:
(0:00:00) - Finding Your Niche in Real Estate Entrepreneur Bethany Finch's journey from foster kid to multifaceted business owner in workforce housing and market cycles.
(0:04:59) - Real Estate Strategy and Community Impact Nature's strategic real estate investments in Washington and southern states, with focus on executive rentals, flips, and community impact.
(0:09:00) - Workforce Housing and Build to Rent Workforce housing is distinct from affordable housing, with a focus on build to rent strategies and strategic location selection for community benefits.
(0:15:34) - Renting and Built-to-Rent Strategy Benefits COVID-19 has shifted housing preferences towards single-family homes with amenities, and younger generations are investing in rental properties for future homeownership.
(0:22:00) - Building Sustainable Businesses for Financial Freedom Transitioning to real estate for financial and lifestyle freedom, identifying a niche, and creating sustainable growth for personal time and community needs.
(0:30:02) - Creating Sustainable Growth Through Financial Empowerment Bethany's "why" is creating sustainable growth through financial literacy and she shares her RV lifestyle and real estate advice on her blog.
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 Jan 31, 2024
Wednesday Jan 31, 2024
EPISODE SUMMARY:
Have you ever envisioned trading a traditional 9-to-5 for the dynamic world of real estate investment? This episode welcomes Zach Winner, an ex-lawyer who now navigates the bustling terrain of multifamily apartments, sharing his transformative journey and why he's betting big on this particular niche. Together, we dissect the allure of multifamily properties, from the striking potential for value enhancement to the intricacies of cash-flow optimization. Zach's candid tales from the trenches, including the arduous management of a hotel, underscore the critical importance of hands-on property oversight and the perseverance required to thrive amidst the market's ebb and flow.
The episode doesn't just circle around the financial mechanics; it's a heartfelt reflection on the personal gratification gleaned from surpassing investment benchmarks and the intellectual stimulation of a well-nourished mind. I divulge the personal enrichment that comes from my voracious reading habit, spanning a wealth of genres that sharpen my insights both professionally and personally. For listeners aiming to connect further or step into the vibrant world of real estate investing, there's a trove of wisdom and encouragement waiting right here. So tune in, and let's embark on a journey that transcends mere numbers and charts—it's about crafting a life filled with purpose and success, one property at a time.
ZACH'S BIO:
Zach is a founding partner and the CEO of Prosperity CRE, a private equity firm specializing in providing passive investment opportunities in multifamily apartment complexes.
Mr. Winner focuses on overseeing the real estate investment portfolios and advising and assisting clients who choose to invest with Prosperity CRE.
Mr. Winner has successfully owned and operated a residential real estate company, mortgage brokerage company, and escrow company, with offices in Northern and Southern California, assisting clients in the purchase, finance and sale of properties throughout the United States.
Mr. Winner also has extensive legal, public affairs and ballot measure campaign management experience, including representing clients in a wide variety of commercial real estate and land use transactions.
Mr. Winner is a licensed attorney and member of the California Bar Association. He is a graduate of the University of Southern California, and the McGeorge School of Law at the University of the Pacific.
GET IN TOUCH WITH ZACH :
https://www.linkedin.com/in/zachwinner/
https://twitter.com/ZachWinnerCRE
EPISODE CHAPTERS:
(0:00:00) - Real Estate Investing in Multifamily Apartments Jason Ballara and Zach Winner discuss the transition from law to real estate, focusing on multifamily investments and the importance of hands-on management for profitability.
(0:11:38) - Markets, Investors, and Interest Rates Exploring key metrics for strong multifamily markets in the Midwest and Southeast, and the synergy between legal and lending expertise in investor relations.
(0:15:49) - Real Estate Investing and Interest Rates Nature's impact on real estate investing with fluctuating interest rates, challenges of bridge and adjustable rate debt, and lessons from market volatility.
(0:23:54) - Real Estate Investing and Book Recommendations Exceeding investment projections in real estate, finding joy in improving properties, and maintaining a healthy mind and body through reading.
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 Jan 26, 2024
Friday Jan 26, 2024
EPISODE SUMMARY:
Embark on a transformative journey with us as we sit down with real estate dynamo Lindsay Sharma, who reveals how she traded her graphic design roots for a thriving career in property investment. This episode promises a glance into Lindsay's inspiring transition, as her tale unfolds from the 2008 financial crisis to the founding of her own property buying company. With a focus on the value of mentorship and hands-on learning, Lindsay's experiences shed light on the creative strategies essential for anyone looking to carve their own path in the unpredictable real estate market.
Gain a wealth of knowledge about building a robust real estate portfolio as we traverse the rocky terrain that comes with starting from scratch. Lindsay shares the insights she gained while working under the wing of a seasoned investor, the crucial first steps into private lending, and the resilience needed to manage personal properties.
The conversation offers a road map of persistence, adaptability, and the importance of aligning investment strategies with personal goals, proving that financial independence through real estate isn't just a dream, but an attainable reality. Wrap up with us as we delve into the financial nuances of the trade, discussing everything from tax benefits to diversifying your investment portfolio.
I peel back the curtain on my own real estate investments and aspirations, particularly my fascination with mobile home parks and their contribution to my financial freedom vision. Moreover, we touch on the delicate art of balancing professional growth with family life, concluding our dialogue with a powerful mix of heartfelt stories and strategic advice, all aimed at empowering your own real estate investment journey.
LINDSAY'S BIO:
Lindsay Sharma, a dedicated real estate investor based in Little Rock, Arkansas, passionately ensures quality housing with a strong ROI and donates 5% of profits to support Women and Children First. Launching a specialized wholesaling course for busy women, Lindsay's journey began in 2020 and evolved into founding Lindsay Sharma Property Buyers in 2023, focusing on wholesaling and selling owner-financed properties in Central Arkansas. Seeking private lenders for portfolio growth, Lindsay anticipates her first mobile home park investment in 2024. As a busy mom, her goal is to simplify real estate concepts through storytelling and empower women in the industry, embodying a 'why' rooted in growth, inclusivity, and success in real estate investment.
GET IN TOUCH WITH LINDSAY :
www.LindsaySharmaProperties.com
www.instagram.com/lindsayjsharma
www.facebook.com/lindsay.sharma.5036
www.linkedin.com/in/lindsay-sharma-8b75aa19
EPISODE CHAPTERS:
(0:00:00) - Switching Careers to Real Estate Real estate investor Lindsay Sharma shares her journey from graphic design to entrepreneurship, emphasizing the value of hands-on learning and mentorship.
(0:11:41) - Building a Real Estate Portfolio Nature's journey of an aspiring real estate investor, starting with private lending and adapting strategies to achieve financial freedom.
(0:17:52) - Real Estate Investor's Financial Freedom A small business owner achieved financial freedom through real estate investment, using a hands-off owner finance model and loan servicing company for passive income.
(0:21:57) - Tax Benefits and Portfolio Diversification Understanding market dynamics, landlord-tenant laws, and proper documentation for private lending in a growing investment portfolio.
(0:27:16) - Investing in Mobile Home Parks Real estate investing offers various strategies for growth, with a focus on Central Arkansas and the importance of financial freedom and gender diversity.
(0:42:28) - Exploring the Why Behind Success Thanking guest Lindsay for sharing her story on balancing parenthood and professional pursuits, highlighting chaos and fulfillment.
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/