Building Passive Income

By Wayne Courreges III & CREI CollinBusiness Education Self-Improvement Investing

Building Passive Income episodes

February 02 Episode 21: How to Read A Private Placement Memorandum (PPM)
Welcome to Building Passive Income with CREI Collin
Learn how to thoroughly read and analyze a Private Placement Memorandum (PPM)—the single most important document in any syndication deal. CREI Collin walks you through a detailed 7-step process to review PPMs like a pro, covering everything from executive summaries to sponsor backgrounds. This episode ensures you invest with confidence and never sign a PPM blindly again.
What You'll Learn
Why the PPM is the "blueprint" of every syndication deal
The 7-step process for reading a PPM in 2-3 hours
How to identify red flags in risk factors and legal disclosures
Understanding investment structure, preferred returns, and profit splits
How to evaluate the business plan and financial projections
What to look for in sponsor track records and experience
The most important questions to ask before investing
Key Topics Covered
Executive Summary: Quick overview of the deal structure and terms
Risk Factors: Legal disclosures you must read carefully
Investment Structure: Understanding equity, debt, waterfalls, and fees
Business Plan: Evaluating the sponsor's strategy and execution timeline
Financial Projections: Analyzing conservative vs. aggressive underwriting
Sponsor Background: Vetting track record, experience, and alignment
Asking Questions: How to hold sponsors accountable during due diligence
Timestamps
[00:00] Introduction: Why the PPM matters
[02:15] Step 1: Executive Summary
[04:30] Step 2: Risk Factors (the most important section)
[07:45] Step 3: Investment Structure and Terms
[10:00] Step 4: Business Plan and Strategy
[11:30] Step 5: Financial Projections and Assumptions
[13:00] Step 6: Sponsor Background and Track Record
[14:15] Step 7: Asking the Right Questions
[15:30] Recap and Action Steps
Key Takeaways
The PPM is the legal document that governs your investment—read every page
Risk factors are required SEC disclosures that reveal potential deal-killers
Investment structure defines how you get paid and when
Conservative underwriting is more important than aggressive projections
Sponsor track record and experience are your best indicators of success
Always ask questions during due diligence—passive doesn't mean blind
If a sponsor won't answer your questions or provide documentation, walk away
Resources Mentioned
Private Placement Memorandum (PPM) template and checklist
CREI Partners Due Diligence Checklist: CREIPartners.com
Episode 22: Understanding Your Investor Rights
Schedule a consultation: Let's Talk
Action Step
Pull out the PPM from one of your current syndication investments (or a deal you're considering). Read through it using the 7-step process outlined in this episode. Highlight sections that are unclear, and reach out to the sponsor with specific questions. Investing passively doesn't mean investing blindly.
Disclaimer
This podcast is for educational and informational purposes only and should not be construed as investment, tax, or legal advice. Always consult with your CPA, attorney, and financial advisor before making any investment decisions. Past performance is not indicative of future results.
12 min
January 05Episode 1: Setting Realistic Passive Income Goals
Episode 1: Setting Realistic Passive Income Goals
Description:
Ready to build wealth through passive real estate investing? In this episode, CREI Collin breaks down how to set SMART passive income goals that are ambitious yet achievable. Learn the proven framework high-income professionals use to invest $100K-$500K+ annually in commercial real estate syndications without becoming a landlord.
What You'll Learn:
Why most investors fail to achieve their real estate goals (and how to avoid it)
The SMART goal framework for passive income investing
How to assess your current financial situation and set realistic targets
3 critical goal categories: Capital Deployment, Passive Income, and Education
How to break annual goals into quarterly milestones for accountability
Sample investment goals for first-time, experienced, and high-income investors
The compound effect: How $100K/year investments become $70K+ in annual passive income
Important Timestamps:
[0:00] Introduction: Why most financial goals fail
[1:30] David's Story: From vague wishes to specific goals
[4:15] Step 1: Assess Your Current Situation
[5:45] Step 2: Define What Success Looks Like
[7:20] Step 3: Set Your Annual Investment Goals (Capital, Income, Education)
[10:30] Step 4: Make Your Goals SMART
[12:00] Step 5: Break It Down into Quarterly Milestones
[14:30] Step 6: Create Accountability Systems
[15:45] Step 7: Anticipate Obstacles
[17:00] Sample Goals for Different Investor Profiles
[20:30] How to Track Your Progress
[22:00] The Compound Effect: 10-Year Wealth Building Example
[24:15] Action Steps for This Week
Key Takeaways:
✅ Set specific, measurable goals (not "I want to invest in real estate")
✅ Break annual goals into quarterly milestones
✅ Create accountability through community, coaching, or partners
✅ Progress over perfection—even partial goal achievement builds wealth
✅ The compound effect: Consistent investing creates exponential results
Resources Mentioned:
Free Passive Investor Coaching Program: passiveinvestorcoaching.com
CREI Partners: CREIPartners.com
Email: [email protected]
#PassiveIncome #RealEstateInvesting #SMART Goals #WealthBuilding #FinancialFreedom #PassiveInvestor #CommercialRealEstate #Syndication #InvestmentGoals #HighIncomeStrategies
Ready to Set Your Passive Income Goals? Schedule a free 30-minute consultation with our team to create your personalized investment roadmap: Book Your Call Here
18 min
January 17, 2024Mindset Mastery: Goal Setting and Systems for Real Estate Success with Mike Mannino II
In today’s episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III speaks with Mike Mannino II. Over the past 9 years, Mike has built a business that bought, fixed, and flipped over 80 homes and owns 60+ rentals by the age of 30. He has created multiple companies that generate over $1M per year in revenue.
He’s the founder of Real Estate Wealth Builders at REWBuilders.com, an educational company that helps real estate investors quickly scale their real estate business.
Topics on Today’s Episode: 
Introduction to guest Mike Mannino II and his journey in real estate investing. Discussion of the critical importance of mindset.
Mike's early success, buying a house at 19 to renovate and house hack. He sold the house at 21 and chose to reinvest the equity in fix and flip homes.
Wayne relates discipline and going against the grain to invest in the future, during his time the Marine Corps.
Goal setting is important for both personal and business aspects. The feeling of achieving a goal feeds the next goal. Humans avoid pain more than seek pleasure, so the feeling of not achieving the goal is very motivating as well.
Mike's passion for retiring his father and already achieving a $100K/year goal for him.
Mike discusses his standardized pricing sheet and uniform set of decisions for each fix and flip property-same cabinets, floors, trim, paint color, etc. Defined process saves time and money for each flip.
Profiling key members of Mike's team, including his partner David and office manager Olivia and 3 construction crews. Mike’s goal to help others is manifested through helping them achieve higher income to support their families.
The inception of REWBuilders.com, Mike's real estate educational platform. Free resources and Facebook group are available on the website.
REWBuilders live event in Florida for networking and learning about various types of real estate investing.
Overview of Mike's nine years in real estate: flipping 80 houses and acquiring 60+ rentals.
Insights into flipping houses and the difference between being rich and being wealthy. Mike states that flipping single-family homes built cashflow, but multi-family helped him achieve financial freedom.
Leverage people that are in places you want to be. Learn from and partner with those who have done the thing you want to do, to reach your goals.
Mike and Wayne share the importance of focus and overcoming fears in real estate.
The conversation on building wealth over time and the significance of setting achievable goals.
Mike’s proudest moment was achieving his goal to retire his dad with $100k in income per year.
Wayne's gratitude for the conversation and a teaser for an upcoming podcast on entrepreneurial mindset.
Get more info from Mike through the free resources on REWBuilders.com and by joining his active Facebook group.
Links and Resources:  
Mike Mannino II
https://www.rewbuilders.com/
https://www.facebook.com/MikeManninoII
CREI Partners 
https://www.creipartners.com
https://www.passiveinvestorcoaching.com
linktr.ee/creipartners 
34 min
November 29, 2023Mastering the Art of Self Storage Investing with Tom Dunkel
In today’s episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III speaks with Tom Dunkle about the secrets of self-storage investing. After building a business in the distressed mortgage market, Tom and his partner sought an opportunity with increased stability and growth. Investing in distressed self-storage facilities has provided an amazing opportunity.
Tom Dunkel is the Chief Investment Officer of Belrose Storage Group LLC and brings over 27 years of real estate, finance and investment experience to the table. Working alongside his world-class team of professionals, Tom makes it his mission to find great investment opportunities for his clients while helping them meet their wealth-building goals.
Tom manages the firm’s financial underwriting, playing a critical role in creating win-win deal structures that ensure achievable investor returns. In addition, he works closely with private investors to communicate about new acquisitions and investing opportunities, as well as report on the progress of current investments.
Topics on Today’s Episode: 
Introduction to Tom Dunkel and his background in real estate investment.
The focus of Bellrose Storage Group is on acquiring underperforming self-storage facilities.
Overview of the self-storage industry and its stability over the years.
Discussing remote management and contracted call centers for self-storage facilities.
Factors that contribute to the demand for self-storage, including both good and bad times. Home sales can drive traffic for retail self-storage, so during this time of low residential turnover, Tom is shifting focus to more stable commercial clients.
Utilizing social media advertising, such as Facebook geo ads, to target specific demographics.
Value-add opportunities in self-storage investing, including renovations, security upgrades, and management efficiency.
Interest rates and exit cap rates in self-storage deals.
The potential increase in properties coming on the market, due to capital stack distress.
Targeting specific markets and customers in the self-storage business. Shifting focus to commercial customers offers a variety of benefits. People using storage units for their business are more likely to pay on time and be long term clients.
The process of dealing with non-payment of rent and virtual auctions in self-storage facilities. Delinquencies are much lower cost and easier to turnover than multifamily evictions.
Building relationships with neighbors and communities for goodwill and to understand the market and their needs.
Risks and challenges in the self-storage asset class, including market shifts and control over variables.
The importance of grit and overcoming challenges in real estate investing.
Tom’s proudest moment: Building a successful, self-sustaining team. Tom’s goal is closing a deal without direct involvement, showcasing team growth.
Links and Resources:  
Tom Dunkel
Belrose Storage Group, LLC - Self Storage Investing
[email protected]
Belrose Storage Group - Facebook
Belrose Storage Group - Instagram
CREI Partners
https://www.creipartners.com
https://www.passiveinvestorcoaching.com
linktr.ee/creipartners 
0 min
November 15, 2023Crafting a Profitable Strategy While Mitigating Risk in Real Estate Investing with Joel Friedland
In today’s episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III chats with the legendary Joel Friedland. Joel is a seasoned industrial real estate professional with an impressive track record spanning over 40 years. Joel takes us on a journey through his vast experience in the Chicago area, where he has visited a staggering 15,000 out of 16,000 buildings. Throughout the conversation, we delve into Joel's unique investment approach, his strategies for mitigating risk, and his insights on the current real estate market.
With over four decades of experience in industrial real estate, Joel leverages extensive brokerage expertise to lead conservative yet profitable syndications. After co-founding and growing Epic/Savage Realty Partners, a 60+ professional firm to successful exit, he founded Brit Properties. Joel has brokered over $250 million in transactions through valued long-term relationships.
Joel’s syndication approach uniquely utilizes 0% debt for principal conservation while targeting 8%+ cash returns. Having navigated the Great Recession, he employs a cautious strategy informed by cycles. For his investors, Joel delivers reliable cashflow, upside potential, and mitigated risk through dedication to the asset class and prudent deal structuring. His investments draw on a proven track record of 2,000+ industrial leases and sales totaling hundreds of millions acquired. Joel continually refined his real estate acumen over decades to create wealth for partners.
Joel attended the University of Michigan. He enjoys playing golf and spending time with his family, particularly his 3 young grandchildren.
Topics on Today’s Episode:
Introducing Joel Friedland, an experienced Real Estate investor with extensive experience in Chicago.
Friedland's focus is on mitigating drastic loss for investors through diligent and debt-free operations.
He offers insights into his investment preferences, such as smaller, older manufacturing buildings over large warehouse buildings. Defining your niche helps focus your efforts.
Friedland shares an example of a lucrative investment in downtown Chicago.
He discusses his unique approach to finding an 8% return on investment.
Friedland recommends investors diversify their investments, capping at 5% of their net worth with him.
He reveals his acquisition strategy, which involves buying properties from families experiencing internal transitions.
Friedland and Wayne discuss the importance of strong partnerships in the brokerage and real estate business.
They highlight the necessity of having a well-organized back office with efficient bookkeeping/accounting and property management.
Outsourcing, specifically in property management, is advised for individuals more attuned to sales.
Friedland's unique real estate investment strategy involving seller financing is discussed in detail.
Target investors for Joel are described, focusing on affluent older individuals.
Friedland emphasizes the approach of minimizing risk in investments.
As an investor, evaluating your own risk tolerance can guide you toward investment decisions that fit your needs and goals best.
Friedland's investment successes are highlighted, with narratives from successful collaborations.
Wayne and Joel both stress the importance of knowing an investor’s risk tolerance as well as how to mitigate risks to protect maximum returns.
The podcast ends with contact information for Joel Friedland and his company, Britt Properties.
Wayne introduces CREI Partners and the concept and benefits of passive Real Estate investing.
Joel shares experiences and lessons drawn from the 2008 recession.
The episode completes with a discussion on the current real estate market condition and a cautionary note on a potential upcoming downturn.
A comparison of Joel's strategy to specialized surgery.
Joel's proudest moment with a satisfied investor.
Links and Resources:
Joel Friedland
Brit Properties
Joel Friedland (@investingwithjoel) - Instagram
Brit Properties - YouTube
Joel Friedland - LinkedIn
CREI Partners
https://www.creipartners.com
https://www.passiveinvestorcoaching.com
linktr.ee/creipartners
0 min
November 08, 2023Tax-Savvy Savings: The Tax Bucket Approach to Put Money Back in Your Pockets with Susan Geist
In today’s episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III speaks with Susan Geist who shares her expertise and tips for investors. She details how to put money back into investor’s pockets using the tax bucket approach. As someone who has achieved incredible success in building a portfolio generating five figures in passive income, Susan has invaluable insights into using strategic investment deductions to optimize your taxes and maximize your wealth.
A few years ago, Susan was taken aback by a huge federal tax bill. In response, she developed a 'tax bucket' strategy to map out her future tax planning. This approach enabled her to effortlessly visualize her income and tax obligations, ultimately revealing remarkable opportunities for substantial tax savings. Today, she consistently saves over $100,000 annually on her taxes. In this presentation, we will delve into Susan's tax-saving secrets. We'll learn how to categorize income into the IRS's three distinct buckets and discover deductions tailor-made for each bucket. Prepare to unlock the potential for substantial tax savings that put money back into your own pockets!
Topics on Today’s Episode:
Overview of the importance of tax planning and optimization in real estate investing.
Explanation of the tax bucket formula and its divisions (active, portfolio, passive).
Discussion of a client example named Meredith, who has income from a W-2 job and stocks.
Discussion of tax-advantaged accounts and real estate as tax-saving strategies.
Explanation of how short-term rentals can be classified as active businesses for tax write-offs.
Case study of a client generating a $120,000 loss in the first year through depreciation and expenses.
Importance of tax-savvy savings and the long-term impact of saving on taxes.
Example of using a backdoor Roth IRA to add to the active bucket and reduce taxes.
Benefit of being in the 0% tax rate for dividends and long-term capital gains.
Comparison of previous and current tax burdens for a client, resulting in significant savings.
Mention of other income benefits related to the Affordable Care Act, FAFSA, and Medicare.
Discussion of the potential future wealth growth through compounding.
Links and Resources:
Susan Geist
https://www.risingfemmewealth.com/
[email protected]
https://calendly.com/risingfemmewealth
https://www.linkedin.com/in/susan-geist
CREI Partners
https://www.creipartners.com
https://www.meetup.com/texas-multi-family-investor-meet-up/
https://www.passiveinvestorcoaching.com
https://www.facebook.com/creipartners
0 min
November 01, 2023Infinite Banking Concept: Structuring Whole Life Insurance Policies for Wealth Building with Dr. Rob Scranton
In today’s episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III speaks with Dr. Rob Scranton. Dr. Rob is an expert in the field of infinite banking, a concept that revolutionizes the way we think about insurance policies and real estate investing.
Dr. Rob Scranton uses accounting and finance expertise to teach the Infinite Banking Concept, or IBC, for wealth growth. He shows how to leverage debt and expenses with this little-known strategy instead of traditional scrimping and saving.
Infinite Banking predates the IRS so wealth accumulated through it is protected from government seizure. Dr. Rob has achieved financial success with this method without compromising lifestyle or going frugal. It's about staying wealthy by preserving and growing your money. The wealthy use this 200-year-old strategy to keep more money rather than working more or taking on more risk.
Dr. Rob is passionate about sharing these strategies from family traditions, like how private banking saved his great grandparents' farm in the Great Depression as public banks failed. He explains why personal banking is critical now. If you want true wealth, learn the Infinite Banking Concept - Dr. Rob can help.
Topics on Today’s Episode:
The benefits of using overfunded, cash-heavy whole life insurance policies that pay dividends through mutual companies, for loans, cash growth, accumulation, and compounding.
The importance of structuring insurance policies properly for the infinite banking concept.
The mistake of going to just any insurance agent without considering their knowledge of structuring policies for IBC.
The advantage is for the client rather than the agent in setting up policies properly for the banking concept, so be aware of what you need and read the policies.
The benefits of the death benefit attached to these policies and how it continues to grow when policies are set up properly for banking purposes.
An example of a long-standing policy showcasing significant returns on investment.
The concept of getting a return of premium in addition to the upside of an insurance policy.
The company's partnership with other companies that have designed policies specifically for infinite banking.
Dr. Rob Scranton’s personal experiences and success with their banking system.
The limitations and requirements for policies based on age and income.
The ability to continue earning interest on the cash value even after taking out loans.
The option of passive investing in real estate, using these accounts, and the benefits it can bring.
The differences between term life insurance policies and whole life insurance policies.
The challenges and misconceptions surrounding infinite banking.
Links and Resources:
Book Recommendation
Becoming Your Own Banker: Unlock the Infinite Banking Concept: R. Nelson Nash: 9780972631617: Amazon.com: Books
Rob Scranton
https://www.tiktok.com/@robertscranton4
yourfinancialiq.org – Have your money work for you
CREI Partners
https://www.creipartners.com
https://www.passiveinvestorcoaching.com
https://www.facebook.com/creipartners
0 min
October 25, 2023Techniques and Tips for Real Estate Wholesaling with Tom Zeeb
In today’s episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III speaks with to Tom Zeeb about using his proven techniques to find profitable real estate wholesale deals. Tom shares his strategies for finding and negotiating real estate deals for any exit strategy.
Back in 2001, Tom was broke as a joke. A near-death experience while whitewater rafting pushed him to find a new way to break free of his 9-to-5 job. His first "deal" almost took him under as well, but real estate investing saved him in the end, both personally and financially.
Hundreds of deals later, he is happy to share the negotiation, marketing, and business techniques that set him free, so you can do the same. Simple, structured, and step-by-step techniques that take you from spinning your wheels to making profitable deals.
Investors of all levels struggle with their businesses. Newbies want to get started, but often hit a wall of confusion and start spinning their wheels. Intermediate and advanced investors often find that they made a wrong turn and built a business they aren’t actually happy with, but don't know how to fix and re-engineer it.
Tom Zeeb works with real estate investors of all levels to get their business built (or re-built) correctly, so that their personal goals and lifestyle stay at the center of everything they do, giving them more money, time, and freedom to spend as they please.
Topics on Today’s Episode:
Tom’s experience in real estate investing and how it saved him, both personally and financially.
The role of networking and building relationships in finding good investment opportunities. Real Estate investing is a team sport.
The use of public records and other resources to identify potential investment opportunities. Divorce, death, being an out-of-state owner, etc, are all available in public record and may lead to owners that are trying to sell their homes quickly This allows targeting with direct mail or other outreach.
If the sellers are distressed and need to sell, helping them by wholesaling or buying as an investment is a helpful act of service.
Sellers may not have time or money to sell their property in a more traditional way. Wholesaling can be a service to “buy and hold” rental investors, or rehab investors, to help them find appropriate deals.
Be sure to understanding assignable contracts and options in investment opportunities.
The importance of marketing, negotiation, and having an exit strategy in real estate investing.
The 3 P’s of negotiations: Pinpoint the problem and get to the deeper layers of the problem, Package deal that solves the problem, and Persuade them to accept it.
The science of negotiation defines how to get predictable responses. 3 tips for successful negotiation follow.
Reacting to a number introduces doubt. Flinch about the number, every number, to get the upper hand. Act surprised.
Meeting location: The fairest place to meet is in the middle in negotiations. Bracketing: set your initial high to engineer where the middle of the bracket is and help the seller feel like you gave something.
Specific numbers: Offer a very precise number such as $203,579 rather than $200k. Helps seller feel the number is higher, that the buyer has tried to maximize the purchase price, and it sounds heavily considered and calculated.
Negotiating residential real estate can be more emotional and pride based. Negotiating commercial real estate is more fact and spreadsheet based.
The importance of having a mentor in real estate investing and the benefits they provide.
Tom’s proudest moment: After Tom requests testimonials from sellers, there can be unexpected answers that reinforce that he is helping them in big ways.
Links and Resources:
Tom Zeeb
https://www.linkedin.com/in/thomaszeeb/
https://www.tomzeeb.com/
https://tractionrealestatementors.com/
https://tractionreia.com/
CREI Partners
https://www.creipartners.com/
https://www.facebook.com/creipartners
https://www.passiveinvestorcoaching.com/Enrollnow
0 min
October 18, 2023The Power of Real Estate Investing: Unlocking Opportunity and Building Wealth with Jack Krupey
In today’s episode of the Untold Stories of Real Estate Investing, host Wayne Courreges III talks to Jack Krupey who has truly mastered the art of value-add investing. Jack is a firm believer in the power of strategic investing and the incredible opportunities that exist in the real estate market. He has been able to build wealth, achieve tax deferral, and help countless individuals reach their financial goals through his unique coaching program and investment partnerships.
Jack Krupey is the principal and founder of JKAM Investments. He has been investing in both real estate and distressed debt since 2001. He has built long-term relationships with experienced real estate developers, sponsors, and syndicators over his 20-year career. Jack leveraged the 2008 financial crisis as part of a private equity fund that yielded impressive returns off of distressed and restructured debt. He repositioned properties as well as modified and restructured loans for borrowers.
In 2014, Jack entered into a partnership with a large private equity fund and led the asset management arm of the firm that made over 3 billion dollars in purchases of non-performing and re-performing mortgage debt between 2015 and 2019. An entrepreneur by nature, Jack decided to launch JK Asset Management and the JKAM Diversified RE Fund to focus on alternative assets such as value-add multifamily real estate.
Prior to beginning his real estate investment career, Jack graduated from Rochester Institute of Technology with a bachelor's in information technology. Jack graduated with a dual MBA from Northwestern’s Kellogg School of Management and from Hong Kong University of Science and Technology.
Topics on Today’s Episode:
Jack’s journey from an IT consultant to real estate entrepreneur and financial freedom.
Missed opportunities in the rental market for investors who did not take advantage of recent rent surges.
Jack’s take on value-add strategy of renovating units and raising rents to increase net operating income and the value of the building.
The benefits of real estate investment in terms of generating positive cash flow, tax deferral, and building long-term wealth.
Many reasons to be bullish in today’s market, especially in Houston.
The number one metric to look at is still net operating income (NOI). Interest rates can move up and inflation can increase, but NOI is the one thing we can control and if you are hitting this metric, then you should be stable in the midst of any storm.
For individuals in high tax brackets, real estate investing can be a game-changer. Building long-term wealth and achieving tax deferral through real estate can be a powerful tool for retirement planning.
The importance of investing with good operators who have the financial means to execute projects effectively.
How concepts like depreciation, passive losses, and tax-deferred income, investors can strategically reduce their tax liability and generate positive cash flow.
Jack shares his insights and wealth of knowledge on evaluating distressed deals and investing in stabilized assets.
Today’s multifamily climate and potential risk with Class A assets.
The national housing shortage has opened huge investment opportunities in the class B multifamily market. Rents are still rising in today’s market at a rate of up to 10-15% per year.
The power of tax losses and tax-deferred income in real estate syndication.
Reinvesting profits into other deals to defer taxes and achieve tax efficiency.
Jack’s experiences in helping individuals transition into the real estate business and their focus on assisting individuals in finding passive income and non-traditional financial options.
Finding opportunities in multifamily build-to-rent communities and RV boat storage facilities. Real Estate 101 is finding ways to unlock value.
Resources and information are available, such as a Passive Investor Coaching Program, podcast, blogs, and an Investor Club on our website at CREIPartners.com.
Links and Resources:
Jack Krupey
https://jkaminvestments.com
[email protected]
https://www.linkedin.com/in/jackkrupey
https://www.facebook.com/jkaminvestments
CREI Partners
https://www.creipartners.com
https://www.passiveinvestorcoaching.com
https://www.facebook.com/creipartners
0 min
September 27, 2023Diversifying Assets and Mitigating Risks in Real Estate Investing with Igor Shaltanov
In today’s landmark 50th episode of The Untold Stories of Real Estate Investing, host Wayne Courreges III is excited to learn about international perspectives in real estate investing with Igor Shaltanov. Igor is the founder and managing partner of Avista Fund and is a former professional athlete who transitioned into successful entrepreneurship and real estate investment.
Guided by discipline and a relentless drive for excellence, Igor has founded and managed thriving companies and businesses in Southern California. In 2015, Igor ventured into real estate and established Avista Fund in 2020. This privately held firm focuses on raising capital from investors and investing in income-generating, value-add multifamily properties. Their mission is to provide local as well as international investors with access to US real estate, safeguarding and growing their wealth amidst high inflation rates in their local countries and currencies. They are currently serving as a limited partner to 17 different real estate deals, 3,050+ multifamily units, with a cumulative value of over $483.5MM. They prioritize conservative underwriting and meticulous due diligence, ensuring a prudent approach to investing while delivering value to both investors and residents.
Igor's professional journey exemplifies a relentless pursuit of excellence, supported by his values driven approach to business and investment. Through Avista Fund, he not only empowers investors but also makes a positive impact on the lives of residents and communities
Topics on Today’s Episode:
Introduction to Igor Shaltanov and his perspective on ownership in real estate investing.
Comparison of different cultural perspectives on ownership and property rights.
Encouragement to ask questions about the legal framework and potential risks in real estate investing.
Discussion on the value proposition of converting currency to American dollars.
Analysis of the depreciation of other currencies and the potential long-term value of investing in the US dollar.
Exploration of the fear of losing what has been earned or gained as a potential reason for lack of investment interest among groups of people from various parts of the world.
Speculation on the number of investors like Igor who are purchasing apartments in Russia, Ukraine, or passive investing in the United States.
Personal experience of leasing a single-family home in California, including difficulties and frustrations.
Appreciation for the multifamily space and its ability to cover expenses even with vacant units.
Importance of taking pause and not letting emotions get involved in real estate investments
Personal background of Igor as part of the professional water polo team and his worldwide travels.
Meeting Igor's wife in Turkey and their journey to starting a family.
Roller coaster nature of a career in sports and the discipline required to navigate it.
Exploration of the potential for social media and the world to create division and conflict. Questions about personal experiences challenge negative expectations and stereotypes in South Africa and Russia.
Reflection on Igor's proudest moment: finding a real estate idea with high return and low risk.
Discussion on the importance of holding value in something stable and predictable in an unpredictable world.
Links and Resources:
Igor Shaltanov
[email protected]
https://www.linkedin.com/in/igor-shaltanov-13682b43/
https://www.instagram.com/igorshaltanov/
CREI Partners
https://www.creipartners.com/
https://www.facebook.com/creipartners
https://www.passiveinvestorcoaching.com/Enrollnow
0 min

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Welcome to the Building Passive Income podcast with your host, Wayne Courreges III. From serving as a U.S. Marine to becoming a successful real estate investor and founder of CREI Partners, Wayne…

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