Creative Capital

Eric Chadderdon is one of the founders and a Managing Partner with Gibby's Capital Investments, a real estate investment firm headquartered in Dallas, Texas. Having grown up in and around real estate in Oregon, primarily in single-family, he later saw the transition to multi-family investments being the way to go. Eric has a Bachelor of Science in Health Science Studies and General Business from Boise State University (Go Broncos!) and has spent over a decade in direct sales and management before making the transition full time to multi-family real estate learning the ins and outs to multi-family acquisitions, asset management, networking, and the process of due diligence. He's made some of the strongest partnerships with other fast-moving, calculated, and successful real estate investment entrepreneurs.

Welcome to another episode of the Creative Capital Podcast. I am so excited for you to listen to this episode because Eric will be sharing with us his Shark Tank experience. Aside from that, we also talk about how he really dove into the whole aspect of entering into the industry being a beginner, how he was able to tread in the industry and maneuver those waters, and what it's like to actually be successful. Eric shares with us some of the different things that he's done and the thing that he has seen from different people that he's partnered with, and how different partnerships have played several roles in his business. Listen in!

Introducing Eric to the Episode

• An overview of the episode
• I welcome Eric Chadderdon to the show
• Eric talks about his background
• • Was in direct sales for 12 years before getting into real estate
  • Shifting to real estate

What Happened in the Last 13 Months

• How his sales background prepared him for rejection
• The importance of surrounding yourself with experts
• Asking the right questions
• Taking action and not giving up
• Being hands on and involved in the business

The Shark Tank Advantage

• Eric shares about their Shark Tank experience
• Getting all 9 sharks interested on their pitch
• Outlook for Gibb's Capital
• Importance of giving back

Closing Segment

• Pod Deck Segment
• • What is your secret talent?
  • What items should be in the office vending machine?
• Core Four
• • Favorite real estate book (see link below)
  • Tate's unique skill that made him successful
  • Something true about real estate that almost nobody agrees on
  • Advice for people who want to try real estate investing

• Connect with Eric through the links below

• A summary of the episode
• Closing words

Resources Mentioned:

• Raising Capital for Real Estate

Key Quotes:

"When you put yourself around them [experts], next thing you know, you start acting and talking and doing all the things like the experts. And next thing you know, you succeed. ?" - Eric Chadderdon

"As long as you keep pushing, you keep working. I tell you what, like, the world and the universe, God will reward you as long as you're putting in the work." - Eric Chadderdon

You can connect with Tate on LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

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Welcome back to this week's segment of the No Limit Minute for the Creative Capital Podcast. Today, I will be sharing my experience and my ultimate takeaway from being able to try having to work full time on real estate. To those who have been around for a while, you would know that the ultimate dream was to eventually do real estate full time, and so I am so thrilled to let you in on what it was like to live out the dream for a day. Listen in as I talk about the importance of knowing your strengths, outsourcing your weaknesses, and knowing when to turn down opportunities. Let's dive in!

[00:01 - 10:45] Turning Down Opportunities That Are Not Aligned

• Preview of the topic for this episode
• Had the preview of going full time with real estate
• Having the courage to turn down opportunities that are not aligned with my goals
• Focusing on my strength and outsourcing my weakness
• Choosing the road less traveled at the most rapid pace
• Advice for the listeners

Key Quotes:

"I want to hyperfocus and spend the majority of my time on what I'm already really great at, and I want to get even better, because that's what's really, truly going to grow our company to where we need it to be." - Josh Ferrari

"Make sure that the goals that you have for your life for your business, you are putting first and foremost." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Tate Siemer is the visionary behind GreenLight Equity Group, which owns and operates 512 units in Utah, Oklahoma City and Columbus, Ohio. Tate's passion is improving (value-adding) high-density, existing apartment buildings in such a way that maximizes the value of communities in order to provide solid, consistent returns to investors and well-being to residents.

He hosts "The Apartment Guys Podcast" and serves on the Executive Board of the Utah Real Estate Investor Association. He enjoys helping fellow investors and entrepreneurs through mentoring and coaching. Tate's other passions include big-mountain skiing and mountain biking, music, and hiking with his dog, Joey.

Welcome to another episode of the Creative Capital Podcast. In this highly motivational yet educational episode, I speak with my guest, Tate Siemer about the importance of having not just having the proper mindset, but having a millionaire mindset. Listen in as we talk about how having a millionaire mindset helped him as a business owner and as a leader, how having faith in himself and being passionate led him from being a photographer to being a real estate investor, and his advice for aspiring real estate investors who also want to make it big.

[00:01 -15:11] Introducing Tate to the Episode

• An overview of the episode
• I welcome Tate Siemer to the show
• Tate talks about his background
• • From being a photographer to being a real estate investor
  • Working with people who gave him forward momentum
  • Being intentional about where they are headed in the business

[15:12 - 42:27] Developing a Millionaire Mindset

• Started from a place of fear
• Being guided the by Miracle Equation
• • Unwavering faith + extraordinary effort = miracles
• Choosing to have faith everyday
• Having faith with himself and being grounded in joy
• Showing up every single day and loving your work
• Overcoming fear
• How the failures have changed them into better leaders and people
• Sharpening your mindset

[42:28 - 57:53] Closing Segment

• Pod Deck Segment
• • One thing people buy that you think is a waste of money?
  • Worst workplace experience?
• Core Four
• • Tate's favorite real estate book (see link below)
  • Tate's unique skill that made him successful
  • Something true about real estate that almost nobody agrees on
  • Advice for people who want to try real estate investing

• Connect with Tate through the links below

• A summary of the episode
• Closing words

Resources Mentioned:

• The Miracle Equation
• How to Make Big Money in Small Apartments

Key Quotes:

"At the end of the day, we had to wake up every morning and decide what kind of world we live in. Did we live in a world where this story somehow works itself out, and we end up being better people because of it? Or does it end in total catastrophe?" - Tate Siemer

"The secret sauce is that even when things were bad, I figured out how to make everything else for the most part, really fun and good." - Tate Siemer

You can connect with Tate on LinkedIn and through their website!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome back to this week's segment of the No Limit Minute for the Creative Capital Podcast. Today, we will be talking about the importance of having an A-class talent in your team and how having the right team be on board with your vision can revolutionize your business. We have been exposed to the stigma that having A-class talent is too good to be true, but I'm here to tell you that it is possible. Make sure to listen until the end because I will be sharing with you some of the insights that I have gained from a book that I have been reading about "weeding out" your candidates and having them accomplish fun tasks that will help you gauge not just their skills, but also their personality.

[00:01 - 10:45] Finding the Right Fit

• An overview of the episode
• Extensive ways to "weed out" the unqualified candidates
• • Don't just ask candidates to submit resumes
  • You can ask them to do different things apart from the normal

• Having the additional tasks allows you to narrow down your candidates
• The tasks show how enthusiastic they are for the position
• Having the perfect hire can revolutionize your business

Key Quotes:

"You not only want A-class talent working with you, but you want to make sure you have A-class talent for what you, for what the job position is for you and for your company and for your business, and for that position, and for that pay scale" - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time corporate job. Today he is a multifamily investor controlling 250+ apartment units with over $20M AUM (and climbing).

He is a passionate educator and partner in cash-flowing real estate and has a goal of helping 2000 married W-2 corporate couples unlock multiple degrees of freedom and eventually enabling them to leave their full time work situation to do what they REALLY love with their time and resources. He also loves to give back his knowledge and has a passion for breaking down complex ideas into easy to explain topics. He's helped many people start, maintain, and grow their portfolios to achieve their own financial independence.

Welcome to another episode of the Creative Capital Podcast. In this highly motivational yet educational episode, I speak with my guest, Derek Clifford about the importance of investing in your marriage, having open communication with your partner, and setting systems and processes for your business. Listen in!

[00:01 -14:04] Introducing Derek to the Episode

• An overview of the episode
• I welcome Derek Clifford to the show
• Derek talks about his background
• • How they stumbled upon real estate by accident
  • Their real estate journey

[14:05 - 37:14] Financial Talk with Your Spouse

• Listening as the key to get your spouse on board
• Importance of choosing the right moment
• It takes time time, money, and commitment
• Learn together and ask each other questions
• Knowing each other's strengths and weaknesses
• Getting help in the form of a mentor or a coach
• • Importance to have someone working on your mindset with you
  • Importance of getting your own mind in shape

[37:15 - 48:38] Keeping Family First In Between All Responsibilities

• How a day in the life looks like for Derek
• Spending time with family vs. working
• Being focused and intentional on the things that you want to do
• Having systems and processes in place

[48:39 - 56:05] Importance of Setting Up Systems and Processes

• Recognize the patterns and create a process
• Keeping things simple
• Importance of delegation
• • Record yourself of going through the process
  • Making it repeatable and scalable
  • Having documentation

[56:06 - 1:11:59] Closing Segment

• Pod Deck Segment
• • Derek's top 3 must-haves
  • A time when someone betrayed his trust
• Core Four
• • Derek's favorite real estate book
  • Derek's unique skill that made him successful
  • Something true about real estate that almost nobody agrees on
  • Advice for people who want to try real estate investing

• Connect with Derek through the links below

• A summary of the episode
• Closing words

Key Quotes:

"Is that the difference between what you can accomplish and what other people way ahead of you have accomplished is processes. They've just built a process for something you're struggling with right now." - Derek Clifford

"When you have that conversation [conversation about money/business], always remember that for every 'I', there should be 99 "we's'." - Derek Clifford

"If you really want your outside world to improve, then you've got to work on your inner world." - Derek Clifford

You can connect with Derek LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome back to this week's segment of the No Limite Minute for the Creative Capital Podcast. Today, you and I are going to have the "transition talk." I personally have not taken this leap yet, but I still wanted to give you a glimpse of how your business would look like if you finally took the courage and eventually transitioned your business from being a sige gig to your full time gig. In this episode, I will share with you how there is no one size fits all framework of transitioning, how to know if it's the time to transition, and the things that you will eventually gain as a business owner if you finally take this full time. Listen in!

[00:01 -02:19] Let's Talk About Transition

• An overview of the episode
• Working on real estate on the side
• Transitioning to real estate full time to grow the business

[02:20 - 05:42] Going Full Time with the Business

• Workin on a safety net before quitting
• The transition period varies for each person
• Having the courage to take the leap and go full Time

[05:43 - 07:41] Closing Segment

• Take the leap when you see yourself in a rut
• Connect with a mentor, business partner, or spouse before taking the leap

• A summary of the episode
• Closing words

Key Quotes:

"As entrepreneurs, in their basic sense, are making these calculated risks and these decisions when it comes to investing or just starting a business becoming an entrepreneur." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Tory is responsible for all aspects of real estate acquisition & management. This includes underwriting, structuring equity, raising capital & asset management. His work involves managing the transaction process from inception to execution, as well as continuous asset management through the life of the asset.

Tory has been in the real estate industry 6+ years as a broker and principal investor in 100+ transactions totaling $70M+. Tory is also an investor in Real Estate Lab which is a real estate software company focused on analysis and data related to multifamily investing. Prior to real estate Tory owned & operated Superior Recreation Services, a company building commercial playgrounds throughout Michigan & Ohio.

Welcome to another episode of the Creative Capital Podcast. In this highly motivational yet educational episode, I speak with my guest, Tory Sheffer about how he closed on over 200 units on his very first multifamily deal and all the lessons that come with it.

[00:01 - 12:13] Who is Tory Sheffer?

• An overview of the episode
• Welcoming Tory to the show
• Tory shares his background and how he started in Real Estate
• Tory's first multifamily deal

[12:14 - 18:19] Lessons Learned in Tory's First 200-Unit Multifamily Deal

• Negotiating for the deal
• The power of strategic relationships and networking
• Tory's current profile
• The current Pro forma on Tony's first deal

[18:20 - 35:25] Getting Traction in the Multifamily Market

• How to source deals
• Standing out in direct seller marketing campaigns for multifamily buyers
• When to hire a team
• Underwriting for deals and how to determine if an opportunity is worth pursuing
• The future of Sheffer Capital

[35:26 - 39:01] The Pod Decks Segment

• Do you think the Gamestop stock situation was truly a grassroots movement or was it orchestrated by Wall Street elites?
• Why do you think people create/join cults?

[39:02 - 45:44] The Core Four

• What is your favorite real estate-related book?
• • Am I Being Too Subtle? by Sam Zell
• What do you think your unique skill is that helped you become successful?
• • Personability and Likability
• Tell me something that's true about real estate that almost nobody agrees with you on
• • Class A at low cap rates right now is a good investment
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Shoot and aim
• Connect with Tory
• A summary of the episode
• Closing words

Key Quotes:

"I don't really know how I stand out, I just put it very straight to the point … I think it's just a matter of being in front of them at the right place and right time." - Tory Sheffer

"I would say the biggest thing is to shoot and then aim. Find something that you are interested in and then just start trying to do it. And figure it out along the way, rather than getting buried in analysis paralysis." - Tory Sheffer

Connect with Tory

LinkedIn: https://www.linkedin.com/in/torysheffer/

Instagram: https://www.instagram.com/torysheffer/

Twitter: https://twitter.com/ToryJSheffer

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Welcome to another episode of the Creative Capital Podcast. On today's No Limit Minute segment, I will be sharing with you some of my thoughts, learnings, and realizations from the book that I'm reading called Lifeonaire: An Uncommon Approach to Wealth, Success, and Prosperity. I don't want to spoil anything in case you want to read this book, which I highly recommend, and so I would just briefly walk you through the meaning of a lifeonaire, what makes one different from a billionaire, and how you can start being a lifeonaire today. Listen in!

[00:01 - 08:44] Becoming a True Lifeonaire

• Lifeonaire vs. Millionaire
• The importance of the journey towards your goal
• Identify your goals to be a true Lifeonaire
• Reverse engineering and setting timelines
• Visualize how you want your life to look like
• Check out this book (see link below)

Resource Mentioned:

• Lifeonaire: An Uncommon Approach to Wealth, Success, and Prosperity

Key Quotes:

"Once you figure out what your goals are, and you figure out the direction you really want to head, then you can reverse engineer it to determine the timeline that it's going to take to get there." - Joshua Ferrari

"You don't always have to be 100%. And on social media, you see it everywhere you think you need to be 100%. But it's just not the case. It's not true." - Joshua Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

Best-Selling Author of a dozen books on personal finance, investment, and retirement strategies, Damion is on a mission to free 1 million people from financial bondage. He hosts the Financial Underdogs podcast, ripping conventional wisdom apart for the Main Street investor looking for the truth about money and investing. Not only has he started 50+ companies, he even founded his own martial art, Yokido®. Damion developed the ultimate investor retirement tool called the eQRP®. His strategy gives individuals total control of their retirement money to invest in real assets like real estate, gold, and crypto.

In this episode, Damion shares with us how he went from earning millions of dollars to negative 5 by letting his ego take over. He also dives deep into the consequences of having an IRA ban and walks us through the EQRP which is considered as the "Ferrari of retirement accounts." Damion shares with us some really interesting points about investing in real estate and preparing for your retirement so much sure to tune in until the end!

[00:01 - 08:00] Introduction

• An overview of the episode
• Welcoming Damion to the show
• Damion shares his background

[08:08 - 23:11] Going from Millions of Dollars to Negative 5

• Letting ego take over
• Digging a deeper hole and getting into more debt
• Recovering from losing millions of dollars
  • Getting deeper into the truth
  • Asking the questions and getting into the numbers
• Pivoting by freeing people from financial baggage
• Thoughts on financial literacy

[23:12 - 54:33] The Consequences of an IRA Ban and Understanding EQRP

• Problems of having an IRA Ban
  • Creating a taxable event
  • What we can do is shift our assets
• What is an EQRP?
  • It's the Ferrari of retirement accounts
  • Best tax strategy in the world
  • You can control your assets
• How Damien created a retirement plan
• How the process looks like
• The importance of putting your money in a retirement account
• How is inflation calculated?

[54:34 - 58:20] The Pod Decks Segment

• What's the most ridiculous fact you know?
• Will brick and mortar stores still be relevant, or will everything be online 20 years from now?

[58:21 - 01:08:05] The Core Four

• What is your favorite real estate-related book?
  • Trump: The Art of the Comeback
• What do you think your unique skill is that helped you become successful?
  • Calling bullshit
• Tell me something that's true about real estate that almost nobody agrees with you on
  • Not true: you could buy a property at any price as long as it cash flowed
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
  • Fail faster
• Connect with Damion
• A summary of the episode
• Closing words

Key Quotes:

"The best lesson there is that the lessons are in the failings, and that's where you actually grow." - Damion Lupo

"Aristotle said that the purpose of life is happiness. And I fundamentally disagree. I used to agree. The purpose of life truly is purpose." - Damion Lupo

"And that's one of the secrets, you want to be wealthy, you want to be free, you have to have a world-class team. If you have lame as team members, you're gonna have a lame-ass life, because they're gonna give you lay mass information and advice, you're going to take it." - Damion Lupo

Connect with Damion on LinkedIn!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here

This No-Limit Minute Segment is Part 7 of a multi-part series about buying your first multifamily deal. I am going to take you through the step-by-step process of acquiring your first multifamily deal and share all the things you need to know before starting your journey. In this episode, I will talk about everything that you need to know about closing the deal, from the signatures you have to gather to sending thank-you tokens to your investors. I will also share all the documents you will need to have and the accounts you will need to set up. This is the last part of our series on buying your first multifamily deal, and after closing the deal, you can now go further in your journey to financial freedom through real estate investing. Listen in!

[00:01 - 37:06] Closing the Multifamily Deal

• Re-assignment of the PSA to the new entity set up
• Add consent resolution minutes to the operating agreements
• Send the operating agreements to the title for signatures on closing docs
• Gather invoices for soft costs leading to closing
• Create your first 90-day plan and have a meeting with the property manager to review
• Put together your cash flow spreadsheet
• Check shipping labels
• Total closing costs
• Perform a final walkthrough
• See if any employee is interested in remaining with property
• Have the property manager set up an operations account and a security deposit account
• Input Class A and B members and operating agreement for investment LLC
• Sign the commitment letter for the lender
• Send a good faith deposit
• Class B members' signatures
• Setting up your ACH
• Ensure your wire makes it the title for the lenders funding cut off time
• Send a thank-you token to your investors

Key Quotes:

"At the end of the day, that's really what you're doing. When you're investing in these assets, it's their investments.You're gonna want to track the financials and make sure that you're able to actually produce and provide the returns that you promised to your investors." - Josh Ferrari

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

You can also email me at [email protected]

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

SUBSCRIBE to this podcast for more episodes on how to create your own future through smart and lucrative investments.

LEAVE A 5-STAR REVIEW and share this podcast with someone you know who wants to experience massive growth and success in their business.

Listen to our previous episodes here