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Multifamily Investing Made Simple

Author: Anthony Vicino and Dan Krueger

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Join us each week as Anthony Vicino and Dan Krueger of Invictus Capital take the complexity out of multifamily investing so you can start taking action today.Every episode of Multifamily Investing Made Simple is designed to provide passive and active investors alike with the knowledge, confidence, and competence to get out there, make deals, and achieve financial freedom through the powerful investment vehicle of multifamily real estate.Whether we're breaking down seemingly complex real estate concepts, interviewing titans of the industry to learn from their successes and failures, or just offering plain old bad investing advice, you're sure to learn something (and have some fun in the process)!.
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Invictus Core Values

Invictus Core Values

2021-06-1215:41

For today’s episode, we will be discussing what the Core Values are for Invictus Capital. We will go over the 5 core values that we stand by day to day. We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"We make a point to always under promise and over deliver as opposed to the inverse, which I think a lot of people do." - Dan Kreuger"if you're interested in being a passive investor out there, is that it's all about betting on the jockeys, not the deals" - Anthony VicinoLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guests for today the host of the Investor Mind Mindset podcast and an active investor who curates commercial real estate investments for clients at VonFinch Capital. He has raised tens of millions of dollars, which has successfully cycled through multiple assets, beginning in a single-family. As an operator, Steven flipped over 200 houses in under three years prior to expanding into commercial to focus on building a business around working with his ideal client, successful high-income earners like himself who are investing to create flexibility and independence.Our guest is dedicated to understanding how we can think better, how we can do better, and how we can be better, better people, better business people, better operators.Let’s dive right in and learn from Steven Pesavento about making breakthroughs in our life. [00:01 – 8:18] Opening Segment We introduce our guest, Steven PesaventoSteven talks about his backgroundSteven give a short story of what not to do[8:19 – 18:42]  Valuing Freedom Of Time Over Cars, Houses And MoneySteven talks about getting clarityMoney is still a top priority Vision for success [18:43 – 37:30]  Getting Clear On That Impact Or The IntentionCar analogyLooking for your ideal clientBorrowing  beliefs from the experts[37:31 – 43:15] Closing SegmentFinal thoughtsSteven's book recommendations:Who Not HowThe Go-GiverTweetable Quotes:“I have learned is that mindset is not the answer to everything. Mindset is one component out of many, but it happens to be one that a lot of people end up screwing up” – Steven Pesavento“getting surrounded by other people who are passionate about their work” – Steven Pesavento“money was at the core of everything. And I kept thinking, well, if I just have more of that, everything's going to be better. But it wasn't it didn't solve all the problems” – Steven Pesavento“mindset is nothing more than the thoughts and beliefs that lead directly to the actions that you take and therefore the experiences or outcomes that you experience in your life. – Steven PesaventoConnect with Steven Pesavento! See the links below:Go to his LinkedIn, Facebook, Twitter, and Instagram, pages to connect with Steven Pesavento. Visit his Website, Podcast, and YouTube.
For today’s episode, we will be discussing what an Accredited Investor is.We will go over the SEC criteria and what it takes to become Accredited as a single person and as joint. We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"you don't you're not getting kicked out of all the parties if you're not accredited, but you just aren't going to be able to invest in any of the stuff you see advertised online." - Dan Kreuger"That's the thing with being an accredited investor is that it's a high hurdle." - Anthony VicinoLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!****Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guests for today serve as the managing director at the multifamily private equity firm Birge and Held asset management. In his role. Kent leads the private select portfolio, which has a unique strategy of leveraging Birge and Held scale and latest technology to create outsized returns from acquiring and improving mismanaged, undercapitalized, and undervalued properties.Our guests is dedicated to teaching others how to make good investing decisions. He is the host of the Ritter on Real Estate podcast and YouTube channel, where he provides impactful interviews and practical tips for investors. Kent has achieved financial freedom and now is on a mission to empower others to do the same through multifamily investing.Let’s dive right in and learn from Kent Ritter on how he started his real estate investment career[00:01 – 10:30] Opening Segment We introduce our guest, Kent RitterKent talks about his backgroundKent give a short story of what not to do[10:31 – 20:34]  Vetting The Operator With Questions and Looking for Red FlagsKent talks about the top 4 characteristics#1 Integrity#2 Track Record#3 Financial Means#4 Skin In The Game[20:35 – 42:09]  You Should Only Start With 100+ Units!Kent's bad investing adviceKent talks about his firms and private select portfoliosReducing the properties basis while renovating [42:10 – 46:16] Looking Back And Realizing You Were Stupid Last YearFinal thoughtsKent's book recommendations:Think Again: The Power Of Knowing What You Don't KnowTweetable Quotes:“you have to understand you need to understand how people are paid. And once you understand how people are paid, then you can understand how they're going to act.” – Kent Ritter“So I started out with the intent to be active and then once I learned about syndication, I said, OK, well, I don't you know, I'm self-aware enough to know there's a lot that I don't know and there's a lot that I don't even know.” – Kent Ritter“I'm always thinking about it from as an investor, what I want to know that. Right. Or is that something I'd be interested in?” – Kent RitterConnect with Kent Ritter! See the links below:Go to his LinkedIn, Facebook, Twitter, and Instagram, pages to connect with Kent Ritter. Visit his Website, Podcast, and YouTube.
For today’s episode, we will be discussing the 3 red flags to look out for before they smack you in the head.We will go over assumptions, cap rates, organic growth, and expense growth. That is just the first red flag. We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"we should say that advertising the potential upside of a deal is perfectly fine. What really you should be looking for is the lack of transparency with what the potential downside could be." - Dan Kreuger"Better is to say, let's peg this to inflation at about two to three percent. So holding it pretty much steady at zero." - Anthony VicinoLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!****Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
For today’s episode, we will be discussing whether or not you will be losing moneyWe will play devil's advocate and identify the 5 to 6 of the biggest risks to real estate investing. We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"we have a very pessimistic lens that we look at every deal through to make sure that if the worst-case scenario plays out, that the deals we are getting into still pencil out." - Dan Kreuger"So it's tempting for operators to try to be as skimpy as possible with the budget" - Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guests for today are the Founder and Co-Cheif Executive Officer of CPI Capital. CPI identifies multifamily value-add opportunities that allow our investors to receive gains beyond organic asset appreciation. CPI provides busy professionals with direct access to tax-advantaged, passive income-generating assets, while our experienced team manages the properties. CPI offers opportunities through Canada’s first regulated digital securities trading platform.Our guests bring their expertise to the real estate by educating their investor partners about Apartment Syndication Investing through Canadian Passive Investing (CPI) Academy platform, Webinars, MeetUp Groups, and One on One Coaching.Let’s dive right in and learn from Ava Benesocky and August Biniaz how to be an international passive investor. [00:01 – 13:05] Opening Segment We introduce our guests, Ava Benesocky and August BiniazAva and August talk about their background and how they started CPI Capital[13:06 – 20:01]  Being Fiscally Incentivized With Skin In the GameAva and August talk about seeing the need and filling the voidLearning and growing systems Ava and August go over their passion for education[20:02 – 30:41]  How Do You Get The Average Joe To Google You?Ava and August talks about scaring people with high returnsHedging against inflation with a hard asset[30:42 – 39:02] How Am I Supposed To Invest In Real Estate?Ava's and August's bad investing adviseFinal thoughtsAva's and Augusts book recommendations:Best Ever Apartment Syndication BookThe Checklist ManifestoTweetable Quotes:“we've democratized real estate investing for the retail investors here in Canada. And how and how have we done that? We've opened the doors to this type of institutional assets for nonaccredited and accredited investors.” – Ava Benesocky“18-year-olds can start building their wealth. You don't like who's going to be an accredited investor when they're eighteen years old.” – Ava Benesocky“apartment syndication or real estate syndication, this concept of pooled capital to buy real estate upgraded and sell it.” – August Biniaz“You're creating jobs. You're building a better community for others. You're building your investor's wealth and you and you're creating jobs for people on both sides of the border in our situation.” – August BiniazConnect with Ava Benesocky and August Biniaz! See the links below:Go to their LinkedIn - August, LinkedIn - Ava, Facebook, and Instagram, pages to connect with Ava Benesocky and August Biniaz. Visit their Website and YouTube.
Our guest for today is the cash flow expert and anti-financial adviser. He is a leading authority teaching entrepreneurs and professionals how to get their money working for them. Today, he's an author, podcast, host of the Chris Miles Money Show, has been featured in US News, CNN Money Entrepreneur, Entrepreneur on fire and has a proven reputation with his company Money Ripples, getting his client's fast financial results. In fact, his personal clients have increased their cash flow by over 250 million dollars in the last 11 years.Our guest brings his expertise as a financial advisor.Let’s dive right in and learn from Chris Miles how to start our cash-flowing income stream today![00:01 – 10:29] Opening Segment We introduce our guest, Chris MilesChris talks about his background[10:30 – 17:54]  Residual Income Versus Passive Income Christ talks about his initial investments in 2006Learning and knowing what to do with your cashflowChris goes over his swing and a big miss [17:55 – 32:33  Becoming Financially Free Again, The Second Go AroundChris talks about the importance of passive investmentTurn-Key Properties that come with ownership and controlChris' bad investing advise[32:34 – 40:28] The One Thing To Hold On To In Your PortfolioBeing independently wealthyFinal thoughtsChris' book recommendations:The New Great Depression: Winners and Losers in a Post-Pandemic WorldTweetable Quotes:“I consider residual income like passive streams of income through business and then passive income, which is through your investments, like your money making money.” – Chris Miles“Like I love that kind of strategy to own and control, because that was the big thing that came out of 2008 was control, is that if you can't control the investment, you never know what's going to happen." – Chris Miles“here's a multifamily deal we're doing, just like the last one we did kind of boring. It's just the same old, same old. But we know it like the back of our hand. That to me is like the sexiest thing you could ever say.” – Chris Miles“more important than a return on your money is a return of your money” – Chris MilesConnect with Chris! See the links below:Go to his LinkedIn, Facebook, and Twitter, pages to connect with Jeff. Visit his Website, Podcast, and YouTube.
For today’s episode, we will be discussing the differences between Apartment Syndications and the Traditional Stock Market.You know, there are a few key factors that will help with deicing who will win. We will go over the metrics to compare and contrast these asset types.We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"Generally speaking, in the apartment space where we hang out apartment buildings double in value every 10 years, kind of rough rule of thumb," - Dan Kreuger"So I think it's safe to say that the real estate deals are going to have a little bit higher yield" - Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guest for today is the Co-Founder and Principal of Wealthward Capital, a private equity investment firm. Wealthward Capital invests in multifamily assets, self-storage, and commercial debt instruments. They help investors preserve and grow their wealth by partnering with top-performing sponsors/ operators who have a strong track record for successful asset management and meeting or exceeding investor returns.Our guest brings his expertise to the real estate arena with experience from over 20 years in investing, due diligence, and financial operations. He has built professional services practices, run small businesses, and helped take Splunk (SPLK) through an IPO and grow to a billion-dollar company. He's also the author of the upcoming book From No Doe to IPO.Let’s dive right in and learn from Christopher Nelson on how to prepare for the unknown after an IPO.[00:01 – 10:16] Opening Segment We introduce our guest, Christopher NelsonChristopher talks about his background[10:17 – 22:34]  Little Bit of Domain Inexperience Christopher talks about his upbringing and education on MoneyLearning and knowing what to do nextChristopher goes over his passion for education[22:35 – 32:48]  The Three Principles To Be ConsideringChristopher talks about the important principalsPrinciple #1 You are the AssetPrinciple #2 Always work for EquityPrinciple #3 Think like an Investor[32:49 – 40:28] Don't Do Any Due Diligence?Christopher's bad investing adviseUsing JOY as a North Star, a compass, as a guide Christopher shares his experiences as a full-time doctor starting out investingDeciding what your goals are and choosing the vehicle to go withFinal thoughtsChristopher's book recommendations:[40:28 – 47:42] Don't Do Any Due Diligence?Christopher shares using a lens to see the worldFinal thoughtsChristopher's book recommendations:EssentialismTweetable Quotes:“So it was out of that failure. And I truly believe that it's in failure, that we have our greatest lessons learned.” – Christopher Nelson“OK, how do we actually take this paper money now and turn it into a suitcase full of cash?” – Christopher Nelson“at least in technology, we have the spirit of open source, like a watch and see what we're doing and feel free to participate and contribute.” – Christopher Nelson“So I do think there's also a lens of I I like I work so hard to get here. I don't want to be the guy raising my hand saying I really like I didn't plan for what happened next.” – Christopher NelsonConnect with Christopher! See the links below:Go to his LinkedIn, Facebook, and Twitter, pages to connect with Jeff. Visit his Website and YouTube. 
We will go over 7 items that are an evil necessity in CapEx, which just are big-ticket items. We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"It's like you don't get points for taking a shower. You only get deducted points for not having taken a shower. - Anthony Vicino"So ideally, when we're looking at properties, we'll see that they have updated their electrical systems at some point in the last ten to fifteen years or so." - Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guest for today is Anthony Vicino and Dan Kreuger. They will be going over the 5 reasons to invest in Multifamily. Not only is this episode a review a year later but also this episode will help to get clear on why there are 5 compelling reasons to listen in. Let’s dive right in and listen to what Anthony and Dan have to say about investing in Multifamily![00:01 – 07:05] Opening Segment We Anthony Vicino and Dan Kreuger introduce themselvesStarting off with bad investing adviceTertiary markets and their volatility[07:06 – 23:54] 5 Compelling Reasons to Invest in MultifamilyAnthony and Dan go over each reason Reason #1 Positive Cash FlowReason #2 Forced and Organic AppreciationReason #3 Tax BenefitsReason #4 ControlReason #5 Stability [23:55 – 27:16] Closing SegmentEstablishing the last thoughts on the core reasonsFinal thoughtsDan's book recommendations:The Most Important ThingTweetable Quotes:“Because something has a low price in dollars does not mean that it is undervalued or a good deal.” – Dan Kreuger“if there is no competition when you're going in to buy the thing, there's going to be no competition when you go to sell the thing.” – Anthony Vicino"Like once you start getting an income stream from an investment, it is really hard to go and invest in something that doesn't have an income stream." - Dan Kreuger"it's a nice feeling to know that, yeah, I'm working. But, you know, if I got fired tomorrow is does not matter because I've got all this other income to support me." - Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
For today’s episode, we will be discussing how investment opportunities.You know, there are a few key factors to look at, these carry the most weightWe will go over the most important one thing to vet right away.We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"understand your investment goal, your parameters, and understand what the operator is putting together." - Anthony Vicino"Check out the operator and make sure they are a good fit for you. And they've got a track record and they've done this before." - Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX#podcast
Our guest for today is Anthony Vicino and Dan Kreuger. Both will be taking turns going over 2020, just a year in review. This episode is coming up on the one-year anniversary of this podcast. Both agree that without a guest to interview this would be a great time to talk about all the things that have occurred. Let’s dive right in and get twice as much from Anthony and Dan![00:01 – 09:27] Opening Segment We Anthony Vicino and Dan Kreuger introduce themselvesStarting off with two original bad investing advice[09:28 – 20:17] Using The First Deal, Duluth!Anthony and Dan talk about their first deal in January 2020Details on Duluth, and the 2ns deal Grandave Goodrich[20:18 – 27:02] The Asymmetric Risk-Reward RatioLimited information on an upcoming 3rd deal that is in the Goldilock ZoneDiscovering that there are Little guy deals to be made, the Holly, T.I.C. deal [27:03 – 34:49] Closing SegmentEstablishing strategic partnerships with local powerhouse brokerage Final thoughtsAnthony and Dan's book recommendations:Mastering the Market CycleThe Algebra of HappinessTweetable Quotes:“find your niche and stick to it” – Dan Kreuger“You know, luck is when preparation meets opportunity, and if you're preparing in the right ways, the opportunities are going to present themselves. But it's up to you to figure out how you're going to exploit that opportunity or maximize it.” – Anthony Vicino"So while we do have a niche that we focus on, we're very cognizant of what's going on from a high level, the macroeconomic picture and then the macroeconomic picture." - Dan Kreuger"for the deal to still be hitting our projections and coming in line with that. That is one, a testament to the conservative underwriting nature" - Anthony VicinoLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
For today’s episode, we will be discussing whether or not we should invest right now. You know, right now, maybe we're at the top of the market. Should you wait until we see a crash or maybe we're at the bottom of the market? I don't know. Maybe now's the time to buy and jump in.We will go over the most common question asked, when is the right time to invest?We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:"First of all, if you can go in, you can buy an asset for below-market-rate right now than you're already buying at a discount, almost like you're buying in the past in some ways - Anthony Vicino"the main question here is when's the best time to bomb? And that really has everything to do with what the investment strategy is" - Dan Kreuger"certain types of business models in this industry will do better at certain times in the economic cycles" - Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guest for today is a full-time practicing periodontist in Louisiana. After completing dental school and a residency at LSU, our guest owed close to $300,000 in student loans, along with other consumer debt. Two weeks before graduation, a job offer fell through, leaving himself, his wife, and a two-month-old nowhere to go. This led him to start a practice from scratch, and after seven long and intentional years, becoming debt-free.Let’s dive right in and learn from Jeff Anzalone on how to start our debt-free journey.[00:01 – 13:33] Opening Segment We introduce our guest, Jeff AnzaloneJeff talks about his backgroundJeff's bad investing advise[13:34 – 25:05]  Sussing Out All Your OptionsJeff talks about his first deal to get into real estateWhat to look for given the current economic cycle[25:06 – 24:35] Closing SegmentJeff shares his experiences as a full-time doctor starting out investingDeciding what your goals are and choosing the vehicle to go with Final thoughtsJeff's book recommendations:Die With ZeroTweetable Quotes:“learn and do your part and get to know these people you're working with. Don't put your trust in a website.” – Jeff Anzalone“And I realized that you know, my wife and I and I think it's really important that you if you're married and even if you're not married, come up with your specific goals. – Jeff Anzalone“really be specific with it. And that's where I tell people to start. And then from there, you work backward.” – Jeff Anzalone“I'm the type of person that I get little bits and pieces from people. But I have my own opinion. I don't follow, you know, if every single thing and I don't follow everything.” – Jeff AnzaloneConnect with Jeff! See the links below:Go to his LinkedIn, Facebook, Twitter, and Instagram pages to connect with Jeff. Visit his Website, Income Guide, and Podcast.
For today’s episode, we will be discussing REITs versus Syndications. How can investing in one over the other change your returns?We will go over the difference between a Real Estate Investment Trust and Syndications.We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:“It’s not really you’re buying a piece of a business and that business happens to be in real estate, but you don’t get any of the tax benefits of owning real estate” – Anthony Vicino“If you’re going to invest in your estate, invest in real estate, that’s why I say” – Dan KreugerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guest for today has been investing in real estate since his first primary residence purchase of a duplex. He got his commercial real estate start as a private money lender in the remodeling of single-family homes in South Florida, Ohio and Texas with a combined market value in excess of $2.5M. . He invested in several assets as a limited partner and progressed into the general partner role. Let’s dive right in and learn from Randy Langenderfer on how to achieve our goals in real estate. [00:01 – 08:38] Opening Segment We introduce our guest, Randy LangenderferRandy talks about his background[08:39 – 14:56] Using The First Deal To Your Advantage Randy talks about his experience in the multifamily space.How to be cautious as a passive investor[14:57 – 24:35] Finding Your Sweet Spot Of How You Want To Invest Randy shares his experiences as a multifamily investor and mentorDiscovering that there is a route to getting rich slowly but surely plan[24:36 – 37:49] Slow and Steady Wins the RaceBeing in the position to step away from your W2 income Understanding a minimum of four of the five levers as an LP[37:50 – 47:51] Closing SegmentRandy's bad investing adviseFinal thoughtsRandy's book recommendations:Mastering the Market CycleThe Most Important ThingTweetable Quotes:“I teach a lot of students about being an active passive investor, be involved. Don't just take somebody, don't take somebody's word for it, analyze it, look at their underwriting assumptions” – Randy Langenderfer“what really, really got my maybe not an aha moment, but really intrigued me was the nonrecourse debt” – Randy Langenderfer"find your sweet spot and chase it. Don't let someone else define your sweet spot for you, whether that's passive or active or a combination" - Randy Langenderfer"the difference between an investor investing and speculation and investor is one that takes a look, understands the risk and says go speculators, one who says, I've got 50 K in my pocket, I need to invest. I'm going to plop it down with Dan and Anthony because I like them." - Randy LangenderferConnect with Randy! See the links below:Go to their LinkedIn to connect. Visit their Website
For today’s episode, we will be discussing a very simple concept that comes up often when talking passive investors and how you get cash flow distribution from value add multifamily operators.We will go what cash flow distribution is and why it is so surprising when first learning about it.What we can do to understand how the leftovers of operating profits are distributed.We will talk about these things…and more in another episode of Multifamily Investing Made Simple in under 10 minutes.Tweetable Quotes:“if there's a preferred return on the project, say, of seven percent, then the way that we structure it and a lot of operators do is at that preferred return just carries over into the next year.” – Anthony Vicino"9 out of 10, if not 9.9 out of 10, the tax liability on real estate syndication is going to be less than if they dump their money into the stocks." – Dan Krueger“I think a lot of people are coming into the investing space with more of an equity appreciation assumption about what they're going to be getting out of it. And they're surprised to find out that they actually get a paycheck every quarter."  – Dan KruegerLEAVE A REVIEW if you liked this episode!!Keep up with the podcast! Follow us on Apple, Stitcher, Google, and other podcast streaming platforms.To learn more, visit us at https://invictusmultifamily.com/**Want to learn more about investing with us?**We’d love to learn more about you and your investment goals. Please fill out this form and let’s schedule a call: https://invictusmultifamily.com/contact/**Let’s Connect On Social Media!**LinkedIn: https://www.linkedin.com/company/11681388/admin/Facebook: https://www.facebook.com/invictuscapitalventures/YouTube: https://bit.ly/2Lc0ctX
Our guest for today has started his career as a loan underwriter at GE Capital Real Estate prior to joining Old Capital in 2015, where he is currently the national director. He's often called the professor of multifamily finance, and he has produced hundreds of hours of educational multifamily content on YouTube. And in addition to financing multifamily, he has invested in close to ten thousand units as a limited partner and nearly 30 properties in Texas.Let’s dive right in and learn from James Eng and how we can understand debt.[00:01 – 14:08] Opening Segment We introduce our guest, James EngJames talks about his background[12:39 – 23:03] Using The First Deal To Your Advantage James talks about his backgroundHow to make a qualified decision [23:04 – 28:34] Higher IRR Does Not Guarantee A Better Quality ReturnJames shares his experiences as a multifamily investorDiscovering that returns may go lower the more experience an operator has[28:35 – 40:46] The Murky Waters Of Actual DebtThe 5 columns of debt on a scale Loans with extra Covid Insurance[40:47 – 47:51] Closing SegmentFinal thoughtsJames's book recommendations:Purple CowThe Most Important ThingWho Not HowTweetable Quotes:“I think if you buy any piece of real estate or invest in any piece of real estate, you know, as an LP, your biggest risk is protecting your principal.” – James Eng“I'll see a 50-page deck and they'll be half a slide on the financing. And so that's why I wanted to bring it to people's attention.” –James Eng"I think a lot of times people try to try to look at a deal and sort of figure out, compare the deals, the deals. But there's so much in between." - James Eng"I'm going one hundred percent on the operator, which I think is important. But sometimes experience operators actually take too much of the equity." - James EngConnect with James! See the links below:Go to their LinkedIn, and Facebook pages to connect. Visit their Website and YouTube.
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