5 Talents Podcast - How To Build Wealth Through Real Estate

Chief Operating Officer of MAG Capital Partners, Neil Wahlgren, brings nearly two decades of leadership in operations and capital markets. Prior to MAG Capital Partners, Mr. Wahlgren led a Bay Area real estate investment firm, raising capital for over $200MM in projects.

His discipline and work ethic stems from his military background. Logging over 2500 flight hours with combat tours to both Iraq and Afghanistan, concluding his military career as a Lieutenant Commander.

Let’s get into Mr. Neil Wahgren’s story of how he went from Air Force Commander to Real Estate Entrepreneur.

[00:01 - 06:38] Opening Segment

• Let’s get to know Neil Wahlgren
• Neil talks about his background
  • Role and Responsibilities at MAG Capital Partners
  • First involvement in the real estate industry
  • Military service

[06:39 - 13:41] From Military to $200MM worth of Capital Raised

• Neil’s transition from the military to raising $200M worth of Capital
  • Linking time and money in his career as a pilot
• The limitless potential of commercial real estate

[13:42 - 36:26] MAG Capital Partners

• Neil gives an insight about MAG Capital Partners model
  • Industrial Single Tenant Net Lease
  • Sale-Leaseback
• What is a Triple Net Lease(NNN)?
• Leveraging experts in specific areas to make smart investment decisions
• What the MAG Capital portfolio looks like
• Neil’s advice for passive investors

[36:27 - 41:58] Closing Segment

• Connect with Neil. Links below
• Tips from Neil on How to raise capital
• Final words

Tweetable Quotes: 

“I personally have not found a different career field that has more potential upside than real estate. If you really put your head down, make the right partnerships, and bring the right investor partners on board, there’s no limit to how big you can grow this machine.” - Neil Wahlgreen

“Success begets success. People want to follow in the footsteps of others that they view has been successful.“ - Neil Wahlgren

“Once you have a nice flow, it’s easy to attract capital. But when you’re starting, it’s much more difficult.” - Neil Wahlgren

Resources mentioned:

• Rich Dad Poor Dad - Robert T. Kiyosaki
• MAG Capital Partners
• Free Ebook

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Connect with Neil, send him an email at [email protected] 

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Raven Multifamily Investments Co-Founder and Principal Venkat Avasarala began his real estate career just a few years ago. Before Co-Founding Raven Multifamily, Venkat’s career revolved around the IT Domain of the Corporate world for 14 years. His last corporate job is an SVP in Global Transformation on Operations LOB with Bank of America, before finding his way into the world of real estate.

Let’s take a dive into Venkat’s journey and learn how he found tremendous success in Multifamily Real Estate.

[00:01 - 05:10] Opening Segment

• Let’s get to know Venkat Avasarala
• Venkat talks about his background
  • IT Career
  • Settling Down in Dallas, TX
  • Getting into real estate and achieving Financial independence in just 2 years

[05:10 - 18:06] Pursuing a career in Real Estate Investing

• Venkat looks back on his IT career in various large companies in the US
• Moving on and leaving the comfort of his career in IT to commit to real estate investing
• Venkat’s part-time real estate investing career in 2016-2018
  • From 20 Single-family properties to multifamily syndications
  • Deciding to invest in his future by committing to real estate

[18:07 - 33:36] Taking Action and Acquiring 3000 Units, $300MM worth of properties

• Finding deals and opportunities outside of Texas
  • Landing a deal in Phoenix, AZ
  • Starting with 300 units in Dallas
• Collaborating and working with people for successful deals
• What it’s like to manage 3000 Units
• Venkat’s advice to Passive Investors to find great deals, sponsors, markets

[33:37 - 42:36] Property Development

• Their transition to development deals
• Potential returns in property development
• The state of their property development deals

[42:37 - 46:53] Closing Segment

• Final piece of advice from Venkat
• Connect with Venkat. Links below
• Final words

Tweetable Quotes: 

“The world is big, the country is big, there are opportunities in so many places not just in our backyard. So have an open mind and learn about different metros’ trends, strengths and weaknesses.” - Venkat Avasarala

“Not investing is not an option. You have to invest somewhere, you have to grow that money. Because everything else that you want in the future, is going up in value.” - Venkat Avasarala

“When you work hard, you get lucky.” - Venkat Avasarala

Resources mentioned:

• Raven Multifamily Investments
• Free Ebook

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Connect with Venkat, send him an email at [email protected]

Call: 281-727-9238

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Bestselling author Greg Reid was rejected by 268 publishers before he was able to launch his first book. In dealing with these rejections, he realized that he needed to play to his strengths while hiring his weakness. And, he did. Nothing came after but success.

Let’s listen to Greg and learn from the Millionaire Mentor!

[00:01 - 05:46] Opening Segment

• Let’s get to know Greg Reid
• Work your strengths, hire your weaknesses

[05:47 - 16:02] Following Your Passion 

• The new real estate according to Greg 
• Here’s an advice from Greg you don’t want to miss
• The common denominator among successful persons 

[16:03 - 27:45] The C-P-C Formula 

• Time + Land = Money
  • Greg’s explanation here 
• Write “CPC” somewhere now!
  • What does this mean? 
• Our thoughts are not things
  • Greg’s insights about taking action 

[27:46 - 37:34] The Word That Opens Doors of Opportunity 

• What you should hear from your mentors 
• How to get access to the people you should follow
• Don’t miss this story from Greg about “embracing your lack!” 

[37:35 - 40:32] Closing Segment

• Connect with Greg. Links below
• Final words from Greg and me 

Tweetable Quotes: 

“The universe will reward those who take massive action toward their success.” - Greg Reid

“Surround yourself with people that are getting the results that you want for yourself today.” - Greg Reid

Resources mentioned:

• Some of Greg’s books (both sole and co-authorship):
  • The Millionaire Mentor
  • Power of Proximity
  • Sellership
  • Stickability
  • Three Feet from Gold
  • Wealth Made Easy
  • Thoughts Are Things
• Other books:
  • Think and Grow Rich
  • Rich Dad Poor Dad
  • Outwitting the Devil
  • Think and Grow Rich for Women
• Our previous episode:
  • Sharon Lechter - Co-Author of Rich Dad Poor Dad - 2 US Presidents Advised, 10+ Bestselling Books; Assets Are Sexy

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Connect with Greg on LinkedIn, Facebook, Twitter, YouTube, and Instagram. Check out his website to learn more about his work. 

Guest email: [email protected] 

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“Housing should not be limited to the wealthy,” Melissa Meza believes. Melissa, currently Director of Acquisitions and Dispositions at GG Homes I Buy SD, is now on a personal mission to facilitate social and green impacts in her immediate community. As a single mother who has had nothing while raising a daughter, Melissa knows what it’s like to have all odds against you.

She joins us in this episode to talk about her journey, how she lost everything, then got back up from nothing with only her strong sense of self-belief and her child as her driving forces. Melissa is the epitome of “Never Give Up” and a champion for sustainable housing. She calls herself the Real Estate Wizard, but you will learn from her that achieving success is no magic, but a product of hard work, determination, and love. 

Tune in now and listen to our conversation with the Real Estate Wizard!

[00:01 - 06:09] Opening Segment

• Let’s get to know Melissa Meza
  • A “real estate wizard”
• Walk with Melissa as she traces back her path to real estate

[06:10 - 15:38] Reaching the Pinnacle Has A Cost 

• Listen to Melissa on how she’s grown in real estate 
• The cost of reaching the pinnacle of her career
• Here’s a familiar reminder from Melissa about building your empire 

[15:39 - 26:36] Building Herself Back Up

• How to reach $7M to $500M in real estate 
• Melissa recalls her experience in foreclosing properties 
• How she built herself back up from having $600 left on one credit card 

[26:37 - 36:12] Promoting Sustainable Housing 

• Melissa doesn’t see herself as a salesperson, but an educator
  • She tells us why 
• Housing should not be limited to the wealthy
  • Melissa’s passion project 
• Start in real estate with these tips from Melissa 

[36:13 - 44:54] Closing Segment

• Connect with Melissa
  • Links below
• Final words from Melissa and me 

Tweetable Quotes: 

“Take your time, do it right. Rome wasn’t built in a day. You’re not gonna create an empire in a day either. If you check the boxes, there’s no shortcut to success whatsoever.” - Melissa Meza

“If you can believe in yourself and you really stop at nothing and keep your goals in mind, it’s amazing what people are actually capable of doing.” - Melissa Meza

“Your current situation is rarely your final destination.” - Melissa Meza

Resources mentioned:

• Greenlights
• 12 Months to $1 Million

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Connect with Melissa on LinkedIn, Facebook, and Instagram. Sell your house fast with GG Homes I Buy SD!

Guest email:  [email protected] 

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No one wants to pay for an insurance policy, only to realize in the end that it cannot pay for the damages you did not expect on your properties. Unfortunately, 80% of real estate investors own such a policy. That’s where Jeremy Goodrich comes in. Jeremy is the owner of Shine Insurance Agency, who helps clients choose the right insurance for their real estate business. 

Listen to Jeremy to learn how to pick the right insurance for you!

[00:01 - 05:49] Opening Segment

• Let’s get to know Jeremy Goodrich
• Why insurance is unremarkable according to Jeremy
• His road to commercial real estate

[05:50 - 16:09] The 3 Pillars of Real Estate

• Should you jump from a day job to a business?
  • Listen to Jeremy 
• The cost of freedom from real estate 
• Clarity and connections are 2 of the 3 pillars of real estate

[16:10 - 26:13] Insure Your Properties 

• What is the last pillar of real estate investing? 
• Let’s break down the OODA Loop
• Why you should insure your properties
  • Don’t miss Jeremy’s advice 

[26:14 - 37:05] The Right Insurance Policy 

• Listen to Jeremy to know if you have the right policy
  • What if you have the wrong one? 
• Connect with Jeremy
  • Links below
• Learn from the experts doing the right thing

[37:06 - 43:15] Closing Segment

• Why you should improve your social presence 
• Final words from Jeremy and me 

Tweetable Quotes: 

“The great thing about real estate is you put the sweat equity in and you can make it happen.” - Jeremy Goodrich

“There are great insurance advisors out there. Go find one and don’t stop until you do.” - Jeremy Goodrich

Resources mentioned:

• Our previous episodes:
  • Brain Burke: What You Should Know About Blind Pool Funds
  • Matt Faircloth: Two Great Guys Talking Real Estate
  • Forrest Corral: How I'm Buying a Billion Dollars of Multifamily in My Underwear
• Books
  • The Hands-Off Investor
  • Raising Private Capital
  • The 4-Hour Workweek
• The OODA Loop
• Grant Cardone
• Yonah Weiss

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Connect with Jeremy on LinkedIn and get insured in real estate investing by visiting Shine Insurance Agency! 

Guest email: [email protected]  

Are you part of the 80% of commercial real estate investors with the wrong insurance? Find out here. 

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Isaac jumped into the real estate space not only to make money but to build a legacy. Today, he’s helping other investors to not only build their legacy but also help them be a blessing to others. In this episode, he will share some valuable tips to start in real estate or any other entrepreneurial endeavor. He will also discuss the factors that can help us succeed in this space, which include discipline, outside-the-box thinking, and grace under pressure. 

Listen to Isaac to learn how to succeed in real estate!

[00:01 - 06:00] Opening Segment

• Let’s get to know Isaac Mathai 
• From nuclear medicine technology to wedding events to real estate 

[06:01 - 15:22] Starting in Entrepreneurship 

• Issac recalls how he told his family he’s quitting his day job
• The truth behind starting in entrepreneurship 
• The lessons from entrepreneurship that you should know 

[15:23 - 26:54] Build Your Team the Right Way 

• Why Isaac chose to develop buildings, not buy or rent 
• Isaac learned how to build the right team
  • Listen to his process 
• Safeguard the culture you want to build for your business 

[26:55 - 37:28] Relationship-Building 

• Listen to Isaac’s tips about mindset shift 
• Should you get a mentor in real estate?
  • Listen to Isaac 
• Why relationship-building is key in this business 

[37:29 - 44:50] Closing Segment

• What’s next for Isaac? 
• Connect with Isaac 
  • Links below
• Final words from Isaac and me 

Tweetable Quotes: 

“Relationship is key in this business, right, and it is a major factor on how deals are getting done...” - Isaac Mathai 

“The goal is to be a blessing to others...be a channel of blessing.” - Isaac Mathai 

Resources mentioned:

• James Kandasamy
• Ronny Philip

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Reach out to Isaac on LinkedIn, Facebook, and Instagram. Check out White Water Equity and start building your legacy, make an impact, and give back to your community! 

Guest emails: [email protected]

Connect with me:

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Ashton and Chris Levarek have leveraged their experiences during their childhood and in the military to invest in real estate. Changing residences in their younger years have improved their adaptability while the backward planning from the military has guided their long-term planning. They share their story to inspire more people to choose their own adventure, which can include bringing your family into the real estate space. 

Listen to Ashton and Chris to learn how to build a family-owned real estate company!

[00:01 - 06:33] Opening Segment

• Let’s get to know Ashton and Chris Levarek
  • From the military to the real estate
  • Choosing their adventure 

[06:34 - 19:24] A Passive Source Income 

• How childhood experiences helped their real estate journey 
• The moments Ashton and Chris realized they needed to invest in real estate
• The importance of accountability partners for Ashton 

[19:25 - 30:59] Invest in Real Estate With No Money 

• What is the “Fire for Effect” and how can it be applied to real estate? 
• The key for those getting started in real estate investing
  • You don’t have to be the expert right away 
  • You can invest without so much money 

[31:00 - 45:01] Systems and Automations 

• Chris breaks down syndication in simple terms 
• Why go for big deals now? 
• Grow your real estate company with these tips from Chris and Ashton 

[45:02 - 50:19] Closing Segment

• Connect with Ashton and Chris 
  • Links below
• Final words from us 

Tweetable Quotes: 

“The action you take, the more you realize [what] you’re capable of and the faster you learn and the faster you grow.” - Ashton Levarek

“Syndication just means the partnering of a bunch of people, of professionals, of companies, to achieve something they couldn’t buy themselves.” - Chris Levarek  

Resources mentioned:

• Tony Robbins
• BRRRR Method
• Grant Cardone - Building a Million-Dollar Business in 90 Days
• Books:
  • Traction
  • Vivid Vision
  • The 7 Habits of Highly Effective People
  • The 10X Rule

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Reach out to Ashton on LinkedIn then connect with Chris via LinkedIn, Facebook, and Instagram. Check out Valkere Investment Group and know more about this family-owned and -operated company! 

Guest emails: [email protected] & [email protected] 

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Aloha! In this episode, Indar Lange will take us on a virtual tour to have a glimpse of how real estate works in Hawaii. Houses in this country are worth almost a million dollars, but this does not stop him from taking this less-traveled path. He believes that you need creativity to close real estate deals, wherever those deals can be found. Indar has another concept he credits for his success, and this is "malama da aina."

Listen to Indar and learn how the concept of “malama da aina” can be applied in real estate!

[00:01 - 06:01] Opening Segment

• Let’s get to know Indar Lange
• From engineering to real estate 

[06:02 - 16:27] The Hawaiian Spirit 

• Is creativity enough to make a deal work?
  • Listen to Indar 
• Hear from Indar the meaning of the “Hawaii Spirit”
• The biggest motivation on why Indar is investing in real estate 

[16:28 - 27:05] Flipping in Hawaii 

• Listen to Indar’s approach in flipping 
  • What’s their 1% Rule?
• What Indar realized about depreciation 
• How to leverage cost segregation according to Indar 

[27:06 - 37:08] BRRRR Method

• Indar talks about his struggles and how he manages them
• The importance of rehab budget for Indar 
• Why you should apply the BRRRR Method

[37:09 - 47:23] Closing Segment

• Learn these “ninja tips” from Indar to invest in real estate 
• Connect with Indar 
  • Links below
• Final words from Indar and me

Tweetable Quotes: 

“It just takes creativity to figure out a deal and structure it, make it work.” - Indar Lange

“Networking is a huge part of this industry...we get  deals from friends, we partner with friends and other people, and it’s just a great community to help each other.” - Indar Lange

Resources mentioned:

• eBay
• BRRRR Method
• BlackRock

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Reach out to Indar at (808) 989 2323 or connect with him on LinkedIn, Facebook, and Instagram. Check out Our Home Investments and start your real estate investing in Hawaii! 

Guest email: [email protected] 

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Alvin “Hope” Johnson personifies the concept of hope, and it’s clear as day in his work in the real estate space. Alvin struggled to make ends meet until he landed a 30-day volunteer work. What was supposedly a normal monthly activity turned into a life-changing moment for Alvin, which made him realize the importance of taking care of your people in the business.

Today, he shares his inspiring story and the unique business model that led him from zero to over $150 million in real estate assets.  

Tune in now and hear this common advice you’ve probably forgotten already!

[00:01 - 05:39] Opening Segment

• Let’s get to know Alvin Johnson
  • Real estate developer 
  • Problem solver
  • A friend 
• Alvin opens his real estate portfolio

[05:40 - 11:50] The Beauty of Sharing Your Struggles 

• Alvin talks about his mindset in life 
• How to handle trauma according to Alvin
• The main reason we connect with people and learn from them

[11:51 - 21:23] Alvin’s Business Model

• The unique business model that makes Alvin different from the rest
• Why Alvin is focused on the people in his business 
  • This is him “living his dream”

[21:24 - 31:35] Network Building Done Right 

• Clear your limiting beliefs with this advice from Alvin 
• Find the right circle of friends
  • If you can’t, you’re better off alone
• How a 30-day volunteer assignment turned into a 13-month life-changing work

[31:36 - 39:31] Relationships and People 

• Here’s a crucial lesson that Alvin learned in real estate 
• How’s networking in Clubhouse? 
• Connect with Alvin 
  • Links below

[39:32 - 47:05] Closing Segment

• How to find the best deals for you 
• Final words from Alvin and me

Tweetable Quotes: 

“When I say I’m living the dream, my dream again is to help make other people’s dreams come true.” - Alvin Johnson

“Watch what you say about yourself and then change your circle of friends.” - Alvin Johnson

Resources mentioned:

• Grant Cardone
• Kingdom Capitalists

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Reach out to Alvin at 214-842-8075 or connect with him on LinkedIn, Facebook, Twitter, and Instagram. Check out his website and let him help you in your real estate journey! 

Guest email: [email protected] 

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We just finished Q1 of 2021, but it’s never too early to plan for 2022. Jerome Maldonado has 26 years of experience in the real estate industry, which helped him create generational wealth for his family. Now, he’s on a mission to help other people achieve financial freedom and do the things they are passionate about without having to worry about their daily expenses. 

The secret to Jerome’s success is a mix of mindset and education. To start in real estate, he says, you have to start even if it’s small. Nothing will happen if you overthink and you will only waste your precious time. This is easier said than done, though, and that’s why Jerome will break down his process on how to invest real estate from 2021 and beyond. 

Tune in now and listen to Jerome’s real estate advice!

[00:01 - 06:45] Opening Segment

• Let’s get to know Jerome Maldonado
• From pharmacy to construction to real estate 

[06:46 - 16:18] Underwrite Deals Better 

• Jerome talks about the evolution of his real estate mindset 
• He gives some interesting tips to underwrite deals successfully 
• How $3K helped him jumpstart his real estate career 

[16:19 - 27:08] Your Path to Wealth Generation 

• Jerome breaks down his business model 
• The real pathway to wealth generation according to Jerome 
• You can enjoy real estate and earn from it 

[27:09 - 35:39] Commercial Real Estate Investing

• Here’s why you should invest in commercial real estate 
• Why are they investing In Puerto Rico? 
• Connect with Jerome
  • Links below

[35:40 - 43:07] Closing Segment

• Don’t let ego get in your way
  • It’s okay to start small for now 
• Final words from Jerome and me

Tweetable Quotes: 

“Just learn the real estate game. The real estate game is life-changing if you learn how to do it right.” - Jerome Maldonado

“There is no such thing as too small. Just get started, and the biggest thing, once you get started, stay consistent at it.” - Jerome Maldonado

Resources mentioned:

• Rich Dad Poor Dad
• Jerome’s courses:
  • Elite Real Estate Society
  • Advanced Sales Formula
  • *$500 Promotion
  • Weekly Coaching calls

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Connect with Jerome on Facebook, Twitter, LinkedIn, Instagram, and YouTube. Visit his website and jumpstart your real estate career! 

Guest email: [email protected] 

Connect with me:

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