5 Talents Podcast - How To Build Wealth Through Real Estate

Forrest Corral serves as the Chief Investment Officer (CIO) for Praxis Capital, responsible for investment strategy, acquisitions, and dispositions of the company.

As the CIO, he has managed to convert more than 3,000 multifamily units into condominiums, which is only one of his many achievements in his over 25 years of experience. Today, he joins us to talk about the steps he’s taking to add tons of value to his company and to the industry in general. 

Listen to Forrest and learn how he’s buying billions of dollars of multifamily! 

[00:01 - 06:46] Opening Segment

• Let’s get to know Forrest Coral
  • A “financial mercenary”
• He talks about his humble beginnings in real estate

[06:47 - 16:08] Build Generational Wealth 

• Why “timing is everything” for Forrest
• Do you want to build generational wealth?
  • Real estate is a way to go
• The secret to starting your real estate career

[16:09 - 28:27] Find the Available Data 

• Forrest shares their approach to look for deals 
• The metrics you should consider when looking for markets 
• The role of natural disasters in driving up real estate demand

[28:28 - 40:10] Don’t Always Rely on Gut Feeling

• How Praxis Capital leverages the skillsets of its members 
• Don’t trust your gut feeling all the time
  • Forrest explains 
• Are you planning to buy new multifamily deals?
  • Here are Forrest’s advice for you 
  • What he means by “buy and watch”

[40:11 - 49:52] Closing Segment

• The foundation of success and reason for failure for Forrest  
• Connect with Forrest! Links below
• Final words from Forrest and me

Tweetable Quotes: 

“If anybody is thinking about being in this business, it’s just about starting and it’s about not giving up.” - Forrest Corral 

“You could be lucky some of the [time] but you can’t be lucky all the [time] with your gut. You gotta look at facts” - Forrest Corral 

Resource mentioned:

• Ernst & Young
• Brian Burke
• Book: The Hands-Off Investor

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Connect with Forrest on LinkedIn and Instagram. Check out Praxis Capital, Inc and their Twitter, Facebook, Instagram, and LinkedIn pages. 

Guest email: [email protected]

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Welcome to the Season 1 finale of our show! In this special episode, we have Grant Cardone, the leader of the 10X Movement. Grant helps people all over the world to learn strategies that 10X their businesses, 10x their income, and 10x their lives.

He drops a ton of golden nuggets for passive and active investors and shares his experience in building a million-dollar business from scratch for the reality show, Undercover Billionaire. 

Let’s listen to Grant and learn how to build a million-dollar business in 90 days!  

[00:01 - 05:48] Opening Segment

• Thank you for listening to our 100th episode! 
  • More to come on our second season
• Let’s get to know Grant Cardone

[05:49 - 15:49] Go Big On Your First Deal

• What’s Grant doing right now? 
• The most important number in real estate for Grant
  • Not the cap rate, ROI, IRR, or interest rate 
• Don’t miss Grant’s advice for passive and active investors! 
  • Why your first deal should be big

[15:50 - 22:59] From Zero to Million Dollars in 90 Days

• Grant wants you to ask this question ‘
  • “What is the deal?”
• The partners you should look for in a deal
• How Grant brought impact to an entire industry 
• Building a million-dollar business from scratch

[23:00 - 24:48] Closing Segment

• Connect with Grant! Links below
• Final words from me

Tweetable Quotes: 

“The first deal you should do, you should invest with somebody who’s done deals.” - Grant Cardone

“Keep growing, folks! Keep growing, keep dreaming, keep thinking big. 10X, man.” - Grant Cardone

Resource mentioned:

• Clubhouse
• J.P. Morgan
• Blackstone
• Equity Residential
• Greystar
• Greystone

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Connect with Grant on his website and follow him on YouTube, Facebook, Instagram, and LinkedIn. 

Guest email: [email protected]

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Brian Burke is a 30-year real estate investor, a public speaker, and the author of “The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications.”

He has used his decade’s worth of experience in real estate to lead Praxis Capital, Inc., a vertically integrated real estate private equity investment firm that combines entrepreneurship and institutional infrastructure in their approach. Brian joins us today to share his real estate journey and talk about this specific investment vehicle to raise capital. 

Listen to Brian and learn more about blind pool funds! 

[00:01 - 04:59] Opening Segment

• Let’s get to know Brian Burke
• How did he end up in the real estate space? 

[05:00 - 13:36] Building a Track Record and Reputation 

• How Brian and his team managed the pandemic in 2020 
• The reality about multifamily investing for Brian
• Are you a passive investor? 
  • Listen to Brian’s pitch about his new book! 

[13:37 - 28:52] Knowing Blind Pool Funds

• Brian breaks down the blind pool fund 
• Brian’s “ridiculously simple” step to get started in real estate
• He talks about his approach in building partnerships

[28:53 - 38:21] Growing Naturally in Incremental Steps 

• His transition to multifamily syndication 
• Brian shares how he has grown their company 
• Connect with Brian! Links below

[38:22 - 45:06] Closing Segment

• Why you should sign up for BiggerPockets 
• Final words from Brian and me

Tweetable Quotes:

“You have to do something that you can actually accomplish and use that as a stepping stone to the next thing that you’re gonna accomplish.” - Brian Burke

“Don’t find a duplicate of yourself as a partner. Find somebody that brings something you don’t.” - Brian Burke

Resource mentioned:

• The Real Estate Syndication Show
• Brian’s book: The Hands-Off Investor
• BiggerPockets 
• BiggerPockets Real Estate Podcast‬

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Connect with Brian on LinkedIn and Instagram. Check out Praxis Capital, Inc and their Twitter, Facebook, Instagram, and LinkedIn pages. 

Guest email: [email protected]

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Grab the chance of learning from an underwriting expert by listening to today’s episode. Our guest for today is Rob Beardsley, Founder, and Principal at Lone Star Capital. Rob is also the voice behind the Capital Spotlight podcast and the author of the number one book on multifamily underwriting, “The Definitive Guide to Underwriting Multifamily Acquisitions.”   

Listen to Rob and learn how to underwrite multifamily acquisitions better!

[00:01 - 04:36] Opening Segment

• Let’s get to know Rob Beardsley 
• He walks us through his path to real estate

[04:37 - 10:10] The Best Time to Learn in Real Estate 

• Rob’s secrets to acquiring $100 million in real estate 
• Why Rob love real estate investing
  • Listen to his reasons!
• When is the best time to learn in real estate?

[10:11 - 20:12] Underwriting Process Simplified 

• Are you an introvert planning to invest in real estate? 
  • Here’s Rob’s advice for you
• Rob has learned real estate faster with these strategies
• Rob breaks down the underwriting process in real estate

[20:13 - 34:41] Underwriting Multifamily Acquisitions 

• How to underwrite multifamily acquisitions 
• Here’s why you should read Rob’s book
• Rob talks about this underrated topic you should know
• He gives his insights about the exit cap rate

[34:42 - 44:02] Preferred Equity 

• Rob talks about the different approaches to preferred equity 
• The 2 reasons investors seek preferred equity

[44:03 - 47:21] Closing Segment

• Connect with Rob! Links below
• Final words from Rob and me

Tweetable Quotes:

“...really the best way to learn is when things are tough.” - Rob Beardsley

“Rules are good rules but they also are made to be broken.” - Rob Beardsley

Resource mentioned:

• Joe Fairless
• Book: Rich Dad Poor Dad
• Book: The ABCs of Real Estate Investing
• Article: Six Secrets to “Juice Up” Your Underwriting
• Article: The Preferred Equity Manifesto

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Connect with Rob on LinkedIn, Facebook, and YouTube.. Check out Lone Star Capital and listen to Rob’s podcast

Get a copy of Rob's Underwriting Model for FREE here. 

Guest email: [email protected]

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"There has to be something more..." Anthony Pinto has always known that he will not stay in the Navy forever. What he didn’t know was the path he would take after his service. He started looking for a job where he can apply his work ethic, earn passive income, work flexible hours, and travel around the world whenever he wants.

This led him to co-found Mission First Capital, a real estate fund for accredited and non-accredited military investors. Currently, he is the Principal and Co-Founder of Pinto Capital Investments and the voice of The Lessons in Real Estate Show. 

Listen to Anthony and learn the real estate options available for military investors! 

[00:01 - 05:56] Opening Segment

• Who is Anthony Pinto? 
• His path from the military to real estate 

[05:57 - 17:13] The Stability of Multifamily  

• The hardest part of starting in real estate for Anthony
  • How did he overcome it? 
• The stability of multifamily according to Anthony
• Here’s a book that Anthony wants you to read
  • He tells us why 

[17:14 - 27:05] Military Lessons Applicable in Real Estate

• How did Anthony realize he could not do real estate alone? 
• He talks about this career-defining event he attended 
• The military lessons applicable in real estate for Anthony 

[27:06 - 40:24] Real Estate Advice for Military Investors 

• Listen to Anthony’s real estate approach! 
• How Anthony is looking for military investors 
• Anthony breaks down the Regulation A+ Fund

[40:25 - 46:29] Closing Segment

• Connect with Anthony! Links below
• Starting in real estate? 
  • Here’s Anthony’s advice for you
• Final words from Anthony and me

Tweetable Quotes:

“Multifamily is a relatively stable asset class...Everyone needs housing to survive” - Anthony Pinto

“Take an assessment of what you have to offer. That can be something like setting up a website or you go with social media.” - Anthony Pinto

Resource mentioned:

• Book: Rich Dad Poor Dad
• Book: Set For Life
• BiggerPockets
• Michael Blank
• Vinney Chopra 
• Joe Fairless
• Matt Faircloth
• Neil Bawa

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Connect with Anthony on LinkedIn and read his blog posts. Check out Pinto Capital Investments and their Facebook and Instagram pages. 

Also visit Mission First Capital online and listen to his podcast.

Guest email: [email protected]

Connect with me:

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Our guest for today is Hengjiang Mu, Co-Founder of All States Capital Group, LLC. All States Capital is a leading commercial and multifamily real estate investment company that buys distressed properties then adds value to them. Their value-add approach is called the ASCG Model, which Mu happily breaks down for us in this episode. 

Let’s dive right and learn the secrets to transform distressed assets into value-add properties! 

[00:01 - 05:21] Opening Segment

• Who is Hengjiang Mu? 
• His path to real estate from China 

[05:22 - 12:06] The Secret to Get Started 

• Mu talks about this business model that worked for him
• He lays out his steps to learn real estate from scratch
• The 3 keys to start in real estate for Mu

[12:07 - 26:44] A Proven Business Model 

• The strategy that can make investing easier and less risky? 
  • Mu explains
• Mu tells us why real estate is a team sport 
• Mu breaks down their process to buy distressed value-add properties

[26:45 - 31:35] Creative Financing Tips 

• Why Mu loves creative financing deals 
• How to respond to deals that didn’t work 

[31:36 - 34:59] Closing Segment

• Connect with Mu! Links below
• Final words from Mu and me

Tweetable Quotes:

“You don’t need to know everything to get a start. There’s nothing like a perfect time to start [in real estate].” - Hengjiang Mu

“Commercial real estate is nothing like a one-person show” - Hengjiang Mu

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Connect with Mu on LinkedIn and Facebook. Visit All States Capital Group LLC to learn more about their work.

Guest email: [email protected]

Connect with me:

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Our awesome guest for today is Bryan Underwood, Principal of Responsible Real Estate, Inc. He joins us today to talk about his real estate investing approach, which has helped him acquire over 1.5 million square feet of self-storage space now valued in the market at $200 million.

A man of faith, Bryan serves God by leveraging the opportunities in real estate to help other people. His purpose in life motivated him to follow a real estate approach that sounds so common yet so extraordinary. Are you ready to learn his approach? 

Listen to Bryan and learn more about responsible real estate investing! 

[00:01 - 06:43] Opening Segment

• Who is Bryan Underwood?
• He shares this career-defining apprenticeship

[06:44 - 16:59] A Memorable $50,000 

• The lessons that Bryan learned from his first deal 
• Byan recalls when he finished 22-month schooling in 13 months 
• He tells us how to work with and learn from a tough mentor 

[17:00 - 27:59] 2 Properties from 2,000 Deals 

• Byan talks about their family business 
• Bryan breaks down the “deal flow” and why you should know it
• The 2 things that keep people from taking action 

[28:00 - 37:57] Response Ability

• When should you move on from your current job?
  • Bryan weighs in 
• Bryan breaks down the approach of Responsible Real Estate
• You might be interested in Bryan’s current ventures  

[37:58 - 42:47] Closing Segment

• Connect with Bryan! Link below
• Final words from Bryan and me

Tweetable Quotes:

“If I’m not growing professionally if I’m not growing spiritually if I’m not growing with my wife and my family…it’s time to move on.” - Bryan Underwood

“I need to go do what God’s calling me to do...and that’s GROW.” - Bryan Underwood

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Connect with Bryan on LinkedIn, Facebook, and Twitter. Visit Responsible Real Estate and their Facebook and LinkedIn pages to learn more about their work.

Guest email: [email protected]

Connect with me:

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Publish. Promote. Profit.™ Wall Street Journal bestselling author Rob Kosberg has been doing this for a living ever since he exited real estate or, in his own words, ever since real estate exited him. Rob joins us today to break down the process that helps his clients transform from being an expert into bestsellers. 

Let’s dive right and learn how to write a book and grow your business! 

[00:01 - 07:55] Opening Segment

• Who is Rob Kosberg 
• His path and exit to real estate 

[07:56 - 17:45] Dave Ramsey on Steroids

• Rob’s big break after real estate 
• Rob’s experience in writing his best-selling book
• How to be the hunted instead of the hunter

[17:46 - 29:26] The Road to a Bestselling Book  

• A TED Talk formula to apply in a book
• The importance of these 2 C’s in book development
• The worst advice according to Rob 

[29:27 - 36:09] Publish. Promote. Profit.™

• Rob’s “Publish. Promote. Profit.™” program
• Connect with Rob! Link below

[36:10 - 40:00] Closing Segment

• The beauty of documenting stories 
• Final words from Rob and me

Tweetable Quotes:

“If you want ultimate credibility, it’s not enough just to have a book. You want like a legitimate bestselling book.” - Rob Kosberg

“One element of what we do is about helping people to write a book not for ego but for their audience to position them as an authority or as an expert....” - Rob Kosberg

Resources mentioned

• Evander Holyfield
• Kevin Harrington
• Rob’s book: Life After Debt
• Dave Ramsey
• Book: Wheelbarrow Profits
• Jake & Gino

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Email [email protected] to connect with Rob. You can also connect with him on his personal website, LinkedIn, Facebook, Twitter, and Instagram. Visit Best Seller Publishing to learn more about their work.

FREE ebook from Rob! Check it out here. Watch out for his next books! 

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We’re now close to 100 episodes, and a common takeaway I’ve been getting from our guests is this: real estate is a team sport. Arturo Borges, our guest for today, only echoes that takeaway by sharing with us the secrets that helped him build his ideal team in real estate. 

Arturo is the Vice President of Business Development at Propfolio Management, a vertically integrated property, and asset management firm with $800 million in assets under management. Together with his partner, he started the first-ever real estate show in Spanish, Se Habla Real Estate, which aims to educate the Hispanic community in the United States about real estate investing. 

Let’s listen to Arturo and learn how you can build your real estate team! 

[00:01 - 06:49] Opening Segment

• Who is Arturo Borges?
• Arturo’s career-defining book

[06:50 - 15:51] Earn What You Want to Have

• Don’t miss Arturo’s secrets to start his real estate career
• The lessons he learned to be successful in real estate
• Arturo breaks down property management and asset management
• How to marry technology and real estate according to Arturo 

[15:52 - 27:50]Be Transparent, Earn Trust 

• If you see these qualities from a property manager, avoid them
• Arturo shares his mindset you’d want to follow too
• He shares this interesting insight about time

[27:51 - 35:49] Build Your Team

• The secrets to building your ideal real estate team
• How creativity and outside-the-box thinking helped Arturo 
• Arturo’s advice for passive investors

[35:50 - 39:38] Closing Segment

• Connect with Arturo! Link below
• Final words from Arturo and me

Tweetable Quotes:

“Life doesn’t owe you anything. In life, you get what you get out of it.” - Arturo Borges

“We’re always underestimating what we can do. Always.” - Arturo Borges

“Time is not a matter of ‘if.’ It’s a matter of ‘when.’” - Arturo Borges

Resources mentioned

• Book: Why We Want You to Be Rich

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Email [email protected] to connect with Arturo or call 305.785.5594. You can also connect with him on LinkedIn and Instagram. Visit Propfolio Management to learn more about their work. Let’s watch their real estate show!

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An 8-word sentence has done a lot more for Kavitha Baratakke than any other real estate advice she’s heard before. She will join us today to talk about those words and how they might also help you in your real estate journey. She will also break down her process that helped her acquire 2,200 units as a limited partner and 1,200 units as a general partner. It involves a few risk-taking strategies and her mindset to look for investors. 

Tune in now and learn from Kavitha the right mindset in investor relations! 

[00:01 - 05:59] Opening Segment

• I introduce Kavitha Baratakke
• Her journey to real estate 

[06:00 - 16:05] Say No When Needed 

• How to build an emotional connection with money
• Are you a general partner? Kavitha has a reminder for you
• The habit that Kavitha wants you to learn

[16:06 - 23:33] Pay It Forward 

• Kavitha’s interesting thought about “paying forward”
  • Different from “giving back”
• The other investment vehicles you can try 

[23:34 - 34:24] Opportunity to Invest 

• Kavitha recalled the time he met her mentor 
• Reframe your mindset on looking for investors
  • You’re not asking them for money
• Connect with Kavitha. Links below
• Listen to Kavitha’s tips to start as a general partner 

[34:25 - 36:56] Closing Segment

• Learn from Kavitha! Link below
• Final words from Kavitha and me

Tweetable Quotes:

“Money comes and money goes… You just have to think about it as a resource that you can create and you can lose sometimes and you have to be okay with it.” - Kavitha Baratakke

“Invest in yourself. Invest in your education.” - Kavitha Baratakke

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Email [email protected] to connect with Kavitha or call 512.659.6129. You can also connect with her on LinkedIn, Facebook,and Instagram. Visit Cherry Street Investments and their social media pages: Facebook, LinkedIn, Instagram, and YouTube.

Learn from Kavitha through her webinars. Check out this link. 

Connect with me:

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