5 Talents Podcast - How To Build Wealth Through Real Estate

Today’s guest is Prashant Kumar, Founder and Managing Partner of My Realty Gains, LLC. Prashant shares his humble beginnings, starting with his arrival in the United States in 1998 with only $115 in his pocket. He found himself in the real estate world after 25 years in Corporate America, helping his company acquire over $60 million in commercial real estate and manage 1,200 apartment units. Now, he is focusing on his passion for assisted living properties, providing shelter for senior citizens in need. 

Let’s all be inspired and listen to Prashant’s story of success!

[00:01 - 08:20] Opening Segment

• Let’s get to know Prashant Kumar
• Prashant shares his humble beginnings

[08:21 - 18:32] How to Make Your Money Work

• The idea of “your money working for you”
• His jump to multifamily from single family
• Don’t miss Prashant’s tips to start in real estate
• A failed project that helped Prashant take off.

[18:33 - 27:00] From $115 to $60 Million 

• Prashant talks about his real estate mindset
• Prashant’s secrets to attract investors
• His ways to use digital marketing in real estate

[27:01 - 35:23] Your Most Important Asset in Real Estate

• How to use your platforms to educate others
• We talk about mentorship in real estate
• Prashant’s advice to passive investors
• FREE email course by Prashant! Link below

[35:24 - 40:44] Closing Segment

• Connect with Prashant  - links below 
• Prashant’s parting words
  • Learn to say “no”
  • Educate others
• Final words from Prashant and me

Tweetable Quote:

“[The business of assisted living properties] is not about earning money. It’s about giving back to the society.” - Prashant Kumar

“[In] any platform that you create, the focus is to educate.” - Prashant Kumar

Resources mentioned

• Jake & Gino

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Connect with Prashant on LinkedIn and Facebook. Visit their website and sign up for their free 7-day email course. Check them out on LinkedIn, YouTube, and Instagram to learn more.

Guest Email: [email protected]

Telephone: 631 428 6479 

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Today’s guest is a familiar face in the multifamily business world. Jerome Myers, founder and Chief Inspiration Officer of DreamCatchers and The Myers Development Group, will join us today to share his story and give us tactical tips to invest successfully in multifamily. After dropping out of corporate America, he has walked a path where he has been helping other people exit the “Matrix.” 

Let’s dive right in and learn from Jerome how taking the red pill can gain us our freedom.

[00:01 - 09:05] Opening Segment

• Let’s get to know Jerome Myers
  • From corporate America dropout to real estate superstar 
• Jerome talks about the reward he couldn’t accept

[09:06 - 24:06] Finding Hidden Gems 

• Jerome tells us his future plans
  • Gathering people 
  • Inspiring people
• He talks about his desire in organizing conferences
  • Showcasing people you won’t hear anywhere else
  • Exhibiting diversity
• “If other people can do it, so can you”
  • Is there a valid excuse for saying you can’t do it? 

[24:07 - 37:39] Taking the Red Pill 

• Don’t miss Jerome’s tips to become a passive investor!
• He talks about the difference between active and passive investing
• He tells us how to improve our visibility in the real estate world
• We talk about transitioning to multifamily 

[37:40 - 43:15] Opening Doors for Others

• Jerome walks us through his approach in multifamily
• He talks about opening doors for potential investors
• He talks about the “scariest thing” no one wants to see

[43:16 - 49:10] Closing Segment

• Connect with Jerome - links below 
• Final words from Jerome and Me

Tweetable Quotes:

“My goal, my desire, was to bring people to the stage that you’re not gonna hear anywhere else.” - Jerome Myers

“You shouldn’t invest in things that you don’t understand.” - Jerome Myers

Resources Mentioned:

• Mid-Atlantic Multifamily Investing Conference
• Pow Wow at the Mountaintop

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Email Jerome at [email protected] or call him at 804-214-6105. Visit his personal website, connect with him on LinkedIn and Facebook, and listen to him on Multifamily Missteps and DreamCatchers. 

Check out Myers Methods to learn the 4-step process to owning and operating apartments.

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You might not know his name now, but you will know soon. Our guest for today is a rising star in the real estate business, John Okocha. John is Vice President of Acquisitions with the Elevate Commercial Investment Group and an integral part of growing more than 1,700 multifamily real estate units in 2019. He was 17 years old when he took his first real estate course. Almost a decade later, he’s now an executive of a real estate firm at 25. 

If John can do it, so can you. Let’s all welcome, John, and learn how to break into multifamily and join a $150-million dollar team. 

[00:01 - 06:46] Opening Segment

• I introduce our guest, John Okocha
• John shares his path to real estate
  • First course in real estate at 17 years old
  • How much did he spend on his first course?

[06:47 - 15:10] Calling 1,000 People a Day

• John shares his transition from single family to multifamily
• He talks about how he is showcasing his value to his team
• He tells us a story on his first deal

 [15:11 - 22:40] Normalizing Expenses

• John shares some tips to underwrite a deal you don’t want to miss!
• What does he mean by “normalizing” expenses? 
  • How about “T-12,” “NOI,” and “rent roll?”
• He tells us what is an 8% cash-on-cash return

[22:41 - 34:11] Borrowing Track Records

• John tells us how he’s achieved many things at his age
  • Leveraging other people’s track record
• He shares his team’s approach before and during COVID-19
• He gives a few golden nuggets about underwriting a deal
• John shares an interesting story you’d want to hear!

[34:12 - 42:23] Closing Segment 

• What’s next for John? 
• He tells us the fastest way to get whatever we want
• Connect with John. See links below 
• Final words from John and me

Tweetable Quotes:

“Treat people well. Treat people with integrity. Mean what you say…because it’s the right thing to do.” - John Okocha

“Teamwork makes the dream work.” - John Okocha

“Surround yourself with the people that have what you want. That is the quickest way to get what you want.” - John Okocha 

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Connect with John on LinkedIn, Facebook, and Instagram. Visit their company online and on LinkedIn, Facebook, Instagram, and YouTube.

Guest Email: [email protected] 

Connect with me:

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Kenny Wolfe is an experienced multifamily syndicator, the founder, and CEO of Wolfe Investments, and published author of “Investing in the Dream: How to Acquire Multifamily Real Estate and Attain Total Financial Freedom.” He invested in his first multifamily property in 2010 and instantly saw the potential for real estate to transform his life-giving him the opportunity to quit his day job and start a company. Kenny is passionate about helping others attain financial freedom through real estate investing. He has been involved in over $250 Million worth of commercial real estate transactions nationwide and is a principal in 2,799 units.

Let’s jump into Kenny’s story and learn more about his approach to Multifamily Syndication

[00:01 - 07:42] Opening Segment

• Let’s get to know Kenny Wolfe
• His background in Multifamily syndicated investments
• Kenny talks about how he got into the world of Real Estate
  • He immediately jumped into Multifamily
• The role of networking in Real Estate

[09:18 - 17:43] Handling Investments and Deals

• Kenny talks about their latest deals and acquisitions
  • The recently acquired a Rockefeller building in Cleveland
• The difference between a class B and C property
• Kenny talks about how they grow the value of a property
• Their current Multifamily assets and investments

[17:44 - 31:09] Wolf Investments Business Model

• Getting into his first passive investment deal worth $100k
• The constant risk, sacrifice, and compromise in every deal
• Kenny talks about the transactions and deals they’ve done for the past 10 years
  • A total of 35 Multifamily deals
• Bank, Bridge, and Agency
• Their Triple net lease
  • Meant for people with steady stable cash flows
• The difference between Double net and Triple net

[31:10 - 37:53] Closing Segment

• Say hello to Kenny - links below 
• Words of wisdom from Kenny
• Final words from Kenny and Me

Tweetable Quotes:

“There’s no smooth deal. There’s always curved balls thrown at you.” - Kenny Wolfe

“When investing for your retirement, you’ve got to make sure and sit down and know what you want out of your retirement and when you’re retiring.” - Kenny Wolfe

Resources Mentioned:

• Wolfe Investments

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Connect with Kenny by visiting their website http://wolfe-investments.com/ . Be sure to check out Kenny’s Youtube channel here.

Guest Email: [email protected] (Assistant: Elisa Maravilla)

Phone: (210) 667-2030

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When your income grows, your taxes follow. With that in mind, it’s important to take charge of your finances and start investing for your future. Alina Trigub is the Founder and Managing partner of SAMO financial. She loves helping people. Her passion is to spread the word about the benefits of passive investing in various forms of real estate and to empower people to build wealth for themselves and for their families.

Let’s jump into Alina’s story and learn more about passive investing

[00:01 - 08:30] Opening Segment

• Let’s get to know Alina Trigub
• She talks about her history with taxes and investing
  • First encounter with Syndicated investments
• The inspiration to help other people build their wealth through passive investing 

[08:31 - 17:48] Passive Investments

• A look back on Alina’s time as an IT
• Alina talks about the progression of her journey
• Her diverse investments brought the inspiration to help others with her own company
• Things to consider when investing in commercial Real Estate
  • Education: You need to educate yourself

[17:49 - 27:58] Expand Your Knowledge and Network

• Engaging in meetups, Building Confidence
• Alina talks about how she started her meetups
• Educating yourself, Expanding your network

[27:59 - 34:54] From Passive Investor to General Partner

• Going from a Passive to an Active role in investing
  • Establish your authority
  • Educate yourself
  • Build your network and credibility
• Alina talks about building her network through her meetups and blogs

[34:55 - 40:50] Closing Segment

• Say hello to Alina - links below 
• Final words from Alina and Me

Tweetable Quotes:

“If you want to become active and operate in Syndication space, you have to become authority, you have to know what you’re doing, so Education is the key. Networking is essential because you want to build a team, you want to find the right partners.” - Alina Trigub

“Real Estate, just like any other business is about establishing and building relationships. - Alina Trigub

“Investing takes time, effort, and patience.” Alina Trigub

Resources Mentioned:

• Multi-Family Millions by David Lindahl

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Say hello to Alina on LinkedIn, Facebook, and Instagram. To visit their website, check out SAMO Financial.

Guest Email: [email protected] 

Connect with me:

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We should always be ready to say “hello!” to opportunities when they knock on our doors. However, not everything that knocks is an opportunity. I believe that our guest for today can help us tell when to open or not open our doors. Ola Dantis is the Founder and CEO of Dwellynn, a multifamily investment syndication company. He is also an active thought leader in social media, having over 45,000 followers on Instagram.

Let’s jump into Ola’s story and learn more about grabbing the opportunities that matter to us!

[00:01 - 09:18] Opening Segment

• Let’s get to know Ola Dantis
• He talks about this life-changing phone call
• What’s the thing that a good man does according to Ola?

[09:19 - 18:05] Why Social Media is Important

• Ola talks about this interesting mantra in life
  • No excuses
• He shares some golden nuggets you don’t want to miss!
  • Explore the Federal Housing Administration Program
  • Move to another state with better rates
  • Find a mentor

[18:06 - 30:23] The Shiny Object Syndrome

• Ola talks about the Shiny Object Syndrome
• He walks us through his podcasting journey
  • A thought leadership platform
  • Lesson learned: Trust the process
• What does Ola’s daily routine look like?

[30:24 - 41:10] The Best Country in the World

• Ola shares his approach as a multifamily syndicator
  • Mindset
  • Soulset
  • Skillset
• He talks about what he believes is the best country in the world
• The role of faith in Ola’s life

[41:11 - 47:57] Closing Segment

• What’s next for Ola? 
• Say hello to Ola - links below 
• Final words from Ola and Me

Tweetable Quotes:

“Success never ever comes in a golden box with a red ribbon tied around it. It could be a phone call from a friend or it could be a DM on Instagram. It could be a message on LinkedIn.” - Ola Dantis

“Real estate is not a get-rich-quick scheme.” - Ola Dantis

Resources Mentioned:

• Amazon
• BiggerPockets
• Federal Housing Administration
• The 5 AM Club

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Say hello to Ola on LinkedIn, Facebook, Twitter, and YouTube. Check out Dwellynn and their LinkedIn, Facebook, YouTube, Twitter, and Instagram pages to learn more. Visit   www.InvestWithOla.com to connect with Ola and listen to their podcast.

Connect with me:

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Numbers look daunting even for seasoned real estate professionals. That is where financial accounting experts can add value. Keith Arnell, Founder of Pavillon Advisors, provides reliable outsourced accounting services and supports businesses in gaining financial insight into their companies. A Certified Public Accountant, Keith offers expert bookkeeping and accounting services, especially on understanding finances, cash flow, and accounts better. 

I’m looking forward to hearing from Keith about the best practices in financial accounting that we can apply in real estate investing. 

[00:01 - 09:40] Opening Segment

• Let’s get to know Keith Arnell
• We talk about the services his company offers

[09:41 - 21:35] Best Practices in Financial Accounting 

• Keith talks about the importance of financial accounting 
• He shares some strategies of his best-performing clients
• He gives his top-5 key performance indicators you’d want to list

[21:36 - 29:17] The “Fun” in “Fund”

• Keith talks about his fund management experience 
• We talk about how you can invest in multiple deals simultaneously

[29:18 - 36:16] Ask About the Tax

• Keith talks about K-1 in real estate
• Partner with us! See link below
• Keith tells us the importance of having tax experts on your side 

[36:17 - 45:11] Closing Segment

• Connect with Keith - links below 
• Keith shares some tips to understand accounting better
• Final words from Keith and Me

Tweetable Quotes:

“You may not have a lot of questions at first, but over time as you’re looking at different trends and looking at somebody that can kind of help you, you’ll start to learn more and more.” - Keith Arnell

“Efficiency can create less expenses.” - Keith Arnell

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Connect with Keith on LinkedIn and Facebook or call (801) 336-6580. Visit Pavillon Advisors to learn more.  

Guest Email: [email protected]

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New opportunities always emerge in real estate, and I believe our guest for today can guide us to not miss those opportunities. William Walker, Co-Founder and Managing Partner of 4M Capital Real Estate Investment, will join us to talk about the opportunities and advantages of construction in multifamily investing. A licensed CPA, William currently manages assets worth $100 million and has been helping 4M Capital in managing over 1,750 units. 

Let’s all welcome, William, and learn from a real estate expert!

[00:01 - 06:59] Opening Segment

• I introduce our guest, William Walker
• William shares how got into real estate
• He shares his three recipes for success 

[07:00 - 15:09] “Experience is the Best Teacher”

• William talks about the “Law of the First Deal”
• He walks us through his approach in real estate 
  • Time
  • Finance
  • Energy
  • Focus
• William tells us what’s really “huge” in real estate

[15:10 - 20:56] Vertical Integration 

• William talks about the 3 things they’re working on right now
• He walks us through vertical integration in real estate
• He shares the current markets they’re investing in 

[20:57 - 29:19] Construction in Multifamily 

• We talk about the “ultimate value-add” in real estate
• William tells us why there’s really no secret sauce in investing 
• He shares the advantages of construction in multifamily
• He walks us through their process of raising capital 
  • What’s the toughest part of the process?

[29:20 - 37:08] Closing Segment 

• We summarize the episode
• William shares how he sharpened his skills by selling knives 
• Connect with William. See links below 
• Final words from William and me

Tweetable Quotes:

“If you’re really dedicated to making this [real estate] business work, you’ve gotta figure out ways to get experience.” - William Walker

“Start with where you are and get deals done where you can.” - William Walker

Resources Mentioned:

• Maureen Miles episode
• Ernst & Young
• Vicinia Property Management
• Vector Marketing

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Connect with William on LinkedIn and Instagram and check out their company online and on LinkedIn and Facebook. 

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We live in this world seeking our “why.” Why are we here in the first place? Well, I believe our guest for today can help us answer that question. Anna Kelley, owner of Greater Purpose Capital, Zenith Capital Group, and ReiMom, LLC, is an experienced real estate investor, owning and managing a portfolio of rental properties worth $80 million and investing in more than 2,000 multifamily units as a limited partner. She believes in the importance of financial literacy and how it can enable us to have more time for our family.

Let’s jump into Anna’s story, a 17-year journey of trying to be home for her baby, and learn more about financial literacy in real estate investing.

[00:01 - 10:01] Opening Segment

• Anna tells us why she’s in real estate
  • Can financial freedom give you more time in life? 
• She talks about the importance of education in real estate

[10:02 - 20:02] Financial Literacy

• Anna shares some tips to be financially literate you don’t want to miss!
• She talks about the asset classes they’re investing in

[20:03 - 32:30] Competence, Confidence, Integrity 

• Anna walks us through on building real estate partnerships 
• Partner with us! Visit 5tcre.com/invest
• She tells us how similarities can lead to clashes among partners

[32:31 - 40:08] Giving Back to the Community

• Anna talks about getting people out of the cycle of poverty
  • Financial literacy for the youth
  • Skills building for single mothers 
  • Partnerships among community organizations
• She shares some programs you can try that are not expensive to organize

[40:09 - 43:00] Closing Segment 

• Connect with Anna. See links below 
• Final words from Anna and me

Tweetable Quotes:

“Grit and perseverance is really the key to success in just about anything.” - Anna Kelley

“In everything, anything, that you ever want to learn, you’re not gonna get proficient until you practice.” - Anna Kelley

Resources Mentioned:

• Resilience by Kyle Wilson
• Chicken Soup for the Entrepreneur's Soul
• Success Habits of Super Achievers
• The Only Woman in the Room
• Multi-Family Millions
• The ABCs of Real Estate Investing
• Kingdom Capitalists

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Connect with Anna on LinkedIn and Facebook or call her at (844) I GET MOM. Visit their online educational platform for coaching and speaking engagements and their website on passive multifamily investing. Also check them out on Facebook. 

Guest Email: [email protected]

Connect with me:

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When we talk about real estate syndication, it’s only APT to talk with THE GUY. Bruce “The Apt-Guy” Petersen will be with us in this episode to talk about the good and the bad of real estate syndication. Bruce is an award-winning real estate syndicator, TV personality, public speaker, and best-selling author, having acquired and managed over 1,100 units through his management company, Bluebonnet Commercial Management. He believes that money will take care of itself if you take care of your partners and stakeholders well. His organization lives by the principle of empathy or the idea of putting yourself on another person’s shoes. 

Let’s all welcome, Bruce, and learn from a real estate expert! 

[00:01 - 08:36] Opening Segment

• I introduce our guest, Bruce Petersen
• Bruce shares his background
• He talks about his book on syndication
  • Find out why he wrote the book in the first place

[08:37 - 21:45] Real Estate Syndication 

• Bruce talks about the “best investment vehicle” he could find
• He tells us the importance of having a coach in real estate
• Bruce talks about growing his network and building trust
• He talks about his passion in coaching real estate investors 

 [21:46 - 30:47] What You Owe To Your Investors

• Bruce shares his observations in real estate right now
• He tells us the importance of honesty and openness 

[30:48 - 38:24] What You Need to Start in Real Estate

• Bruce shares some advice on starting in real estate
  • Transparency
  • Education 
  • Network
• He talks about more golden nuggets about real estate you don’t want to miss!

[38:25 - 43:59] Closing Segment 

• Connect with Bruce. See links below 
• FREE BOOK! See his website link below
• Quit being pissed off at everything
• Final words from Bruce and me

Tweetable Quotes:

“You got to be honest with people. They’re giving you their money. Tell them the truth that you believe.” - Bruce Petersen

“Syndication could be the gasoline that you pour on the smoulder of a decent portfolio.” - Bruce Petersen

Resources Mentioned:

• Syndicating Is a B*tch
• Neil Bawa
• BiggerPockets
• Bluebonnet Commercial Management

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Connect with Bruce on LinkedIn, Facebook, and Instagram. Check out his website to get a free copy of his book. 

Invest with Bruce: [email protected]

Connect with me:

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Leave us a review and receive your free ebook

Email us --> [email protected]

Support the show