CREI Partners

CREI Partners

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CREI Partners episodes

  • Ep #11: Diversifying from Stock Market to Multi-Family Real Estate with Sandhya Seshadri

    Are you passionate about personal and professional growth? If you are on a mission to help other people capitalize on the benefits of real estate investing, you’re not alone. 

    In this episode, Wayne talks to Sandhya Seshadri, founder and CEO of MultiFamily4U. Sandhya knowledge of the multifamily space and local neighborhoods makes her an ideal “boots on the ground” asset manager for Dallas properties. Sandhya has invested as a limited partner, key principal, or general partner in more than 3,500 doors; totaling $200 million in assets. A leader in the equities markets for 20 years, Sandhya shifted to commercial real estate due to tax advantages and ability to force appreciate assets. 

    Topics on Today’s Episode:

    • Why shift from stock market to multifamily? Reduce tax burden, produce passive income
    • How? Bonus depreciation, cost segregation, and real estate professional designation
    • Syndication Concept: Immediate access to money and multifamily mastermind investors
    • COVID and Cash: Real estate is less liquid than stocks and cash, not short-term safety 
    • Passive Investments: 75% suspended distributions will be made up; 7% average return
    • Eviction Rule: What landlords can and cannot do if tenant does not pay rent
    • Multifamily Metrics: Before investing in deals, do you know, like, and trust sponsors?
    • Passive to Active: Understand underwriting, find mentors/partners, perform due diligence
    • Property Portfolio: People don’t witness systems, processes, and pain of syndication
    • Third-Party PM: Set expectations for renting units, retaining tenants, and collecting rents     

      •  Links and Resources:

      Sandhya Seshadri on LinkedIn
      Sandhya Seshadri’s Email: [email protected]
      Bonus Depreciation
      Cost Segregation
      Real Estate Professional Designation
      Enhanced Qualified Retirement Plan (eQRP)
      Centers for Disease Control and Prevention (CDC)
      Fannie Mae
      Freddie Mac
      T12
      Wayne Courreges
      Free Passive Investor eBook by Wayne Courreges
      The Untold Stories of Real Estate Investing Podcast

      50 min
    • Ep #10: Wealth through Real Estate while Active Duty in the Navy with Tim Kelly

      How can you be active in your community and give back to the military? Help active, veteran, reserve, and others in the military reach their financial freedom goals by investing in real estate.

      In this episode, Wayne talks to Tim Kelly from Active Duty Passive Income (ADPI) and Kelly Housing Group. Tim is a real estate investor and educator, best-selling author, speaker, and Chief Petty Officer for the U.S. Navy. Tim is pursuing his dream of owning and operating multifamily real estate by investing in apartments, mobile homes, and storage facilities. 

      Topics on Today’s Episode:

      • House Hacking: Benefits of long-term buy-and-hold real estate align with financial goals
      • Network Connections: Build relationships to analyze, own, control multifamily properties 
      • Thank You for Your Service: 1 percent of the 1 percent serve in the military
      • Real Estate Pattern: Pass the time by continuing to learn and grow personal finance 
      • Education: Find all the ways you can create generational wealth in real estate
      • VA Housing Assistance: Seek loans to purchase properties and investment opportunities
      • Military House Hacking Book: Rehab, refinance, and create cash flow multifamily assets
      • Self-Manage: Do all the hard work, then pass it onto PM professionals to get time back
      • Efficiency Tools: Time management, documentation, screening tenants, due diligence
      • Balance: Educate others, pursue acquisitions, and pick up skills by emulating success
      • Deliver Value: More you grow, more you can give; more you give, more you receive
      • ADPI’s Three Pillars: Learn, network, and take action
      • Perfect Partnership: What you know, who you know, and who knows you to close deals
      • Lessons Learned: Failure is stepping stone to success; choose how to respond
      • Scalability: Straight shot to increase net worth, wealth, income, quality of life; no regrets
      • General vs. Limited Partners: One is not better than the other to analyze deals
      • Mailbox Money: Become owner to produce income, tax benefits, equity, time, freedom 
      • COVID Impact: Invest in workforce and affordable housing to thrive and survive  

        • Links and Resources:

        Active Duty Passive Income (ADPI)
        Kelly Housing Group
        Military House Hacking by Tim Kelly
        Tom Kelly on LinkedIn
        Tim Kelly on Instagram
        Tim Kelly on Facebook
        Tim Kelly’s Phone: 847-910-9161
        VA Housing Assistance
        FHA Loans 
        BiggerPockets
        Rich Dad Poor Dad by Robert Kiyosaki
        Google Drive
        TenantCloud
        Rent Manager
        U.S. Securities and Exchange Commission (SEC)
        USAA: Insurance, Banking, Investments, and Retirement
        Wayne Courreges
        Free Passive Investor eBook by Wayne Courreges
        The Untold Stories of Real Estate Investing Podcast

        45 min
      • Ep #9: What It Really Takes to Syndicate Multi-Family with Bruce Petersen

        How can you target stabilized properties to buy a cash-flowing asset and drive value through improved operations? Implement your own systems and deploy your experienced staff to replicate the business model across new acquisitions. 

        In this episode, Wayne talks to Bruce Petersen, a.k.a. The Apartment Guy. Bruce is a serial syndicator of large multifamily properties ranging from 120-292 units throughout Central Texas. Bruce won the Austin Apartment Association’s Independent Rental Owner of the Year for 2016 and the National Apartment Association’s Independent Rental Owner of the Year for 2017. Also, he’s the author of Syndicating is a B*tch: And Other Truths You Haven’t Been Told.

        Topics on Today’s Episode:

        • Why write a step-by-step guide? Free means someone’s trying to sell you something
        • Stress of Syndication: What to expect and what can make a difference
        • Coach/Mentor: Teach me how to invest in apartment complexes as a syndication
        • Syndication: Learn from someone with experience to scale faster and safely
        • Know, Like, and Trust: Start a meetup, attend real estate events, and build relationships
        • Think Like a Millionaire: Save money but still live an abundant life, not a frugal one
        • Location and Loan Parameters: Where to find deals based on what you want
        • Relationships: Don’t be a moron, but respectful, professional, and mindful of others’ time
        • Non-Disclosure Industry: Don’t trust or believe everything you are told
        • What you’ll need: 30% down payment, 2-10% closing costs, and rehab funding 
        • Property Goal: Double or triple soft commits for enough money
        • Operations: Lenders may require third-party over in-house property management 
        • KPIs: Owner’s packet with income statement, rent roll, and P&L balance sheet
        • Passive Investors: There is no guarantee when making the right decision/projection
        • Aspiration for Autistic Adult Space: Buy/build property for affordable, safe place to live 

          • Links and Resources:

          Bruce PetersenSyndicating is a B*tch: And Other Truths You Haven’t Been Told by Bruce Petersen
          Dave Ramsey
          U.S. Securities and Exchange Commission (SEC)
          Wayne Courreges
          Free Passive Investor eBook by Wayne Courreges
          The Untold Stories of Real Estate Investing Podcast

          54 min
        • Ep #8: Oil Fields to Living Off Passive Real Estate Income with Travis Watts

          Interested in investing in multifamily, single-family, or vacation rentals, but not sure where and how to get started? Consult with someone who has behind-the-scenes experience in the asset class of your choice. 

          In this episode, Wayne talks to Travis Watts, a full-time passive investor and director of investor relations with Ashcroft Capital. Travis educates others by sharing passive investment strategies to achieve and maintain wealth in real estate.

          Topics on Today’s Episode:

          • Real Estate Investing Background: Dumb luck, prep, and guidance at garage sales
          • Great Recession and Career Focused: Real estate on sale, so find off-market deals
          • Gaining Momentum: Get a roommate and check to pay mortgage
          • Active vs. Passive: Hands-on or hands-off real estate investing
          • Lessons Learned: No spare time to read 52 books a year and find sponsors/operators
          • Analysis Paralysis: Too much focus on ROI rather than value-add experience
          • Target Markets and Trends: Right deal, right market, and right sponsor to lower risks
          • Risk Tolerance: Opportunistic, core, and value-add asset classes
          • Mistakes Made: Diversify portfolio by experimenting, doing what you know/understand
          • Under Promise and Over Deliver: Invest in or take discounts by banking on cash flow 
          • Publicly Traded vs. Private Placement: Always have paperwork reviewed by attorney
          • Education and Network: Align interests and philosophies with like-minded people
          • Four Steps to Financial Freedom by Being Frugal: 
            • Make as much money as possible by doing your best
            • Live on as little of that income as possible for a period of time
            • Take margin from earnings and invest it all
            • Avoid bad debt or pay off loans sooner than later

              •  Links and Resources:

              Consultation with Travis: https://calendly.com/traviswatts/consultation?month=2020-08
              Connect with Travis: Understanding Real Estate Private Placements
              Ashcroft Capital
              Travis Watts on LinkedIn
              Rich Dad’s Prophecy by Robert Kiyosaki
              Ponzi Schemes
              BiggerPockets
              Rule 506 of Regulation D
              Wayne Courreges
              Free Passive Investor eBook by Wayne Courreges
              The Untold Stories of Real Estate Investing Podcast

              55 min
            • Ep #7: Relationships, Buy, Rehab, Rent, Refinance and Repeat with Matt Teifke

              You’re never too young to follow your passion and entrepreneurial spirit by starting your own business and building a brand in real estate. 

              In this episode, Wayne talks to Matt Teifke, broker of Teifke Real Estate (TRE) Homes and part-owner of Stone Oak Property Management. Matt has a Master’s Degree from Texas A&M and began his career at 18 years old because he’s passionate about value-add real estate opportunities.

              Topics on Today’s Episode:

              • Value, Value, Value: Capture leads and make money on every aspect of real estate 
              • Family Business: Create balance and merge work/wife relationship as a lifestyle
              • Education Foundation: Set yourself up for success and always strive to be better 
              • Challenges: Finding and figuring out creative ways to obtain real estate financing/lending
              • Preparation: Constantly build relationships and investor base to raise capital
              • Follow Up: How can you add significant value for investors, buyers, and sellers?
              • Matt’s take on the Buy-Rehab-Rent-Refinance-Repeat (BRRRR) Strategy
              • Wholesaling: What it is and why it’s important when finding value-add deals
              • MLS Access: Know and learn the market to make money
              • Contractors: Properly vet and perform due diligence; meet onsite and walk the property
              • Partnerships: Set clear expectations and protect yourself by planning exit strategy 

                •  

                42 min
              • Ep #6: Investing Insights with Dave Seymour of 'Flipping Boston'

                Passionate about helping people, but ready for a career change with financial growth? When what you think is normal can be taken away, consider real estate investing. Do great work to make great money.  

                In this episode, Wayne talks to Dave Seymour of the hit home improvement show on the A&E network called, Flipping Boston. After 16 years as a firefighter and paramedic, Dave launched his career as a real estate investor and quickly became one of the nation’s leading experts in both residential and commercial transactions. Dave describes himself as a blue collar guy in a white collar world who wasn’t raised in financial intelligence.

                Topics on Today’s Episode:

                • Lessons Learned: Trading time for money and following somebody else’s financial plan
                • Keeping Up with the Joneses: Average American’s amount of debt is extraordinary
                • Financial Illiteracy to Intelligence: Losing everything forces Dave to figure it out
                • Past, Present, and Future Mantra: If you say you’re going to do something, do it
                • Favorite Asset Classes: Single-family to multifamily isn’t sexy but creates cash flow
                • Go Big or Go Home: Post-COVID opportunities to take down multiple assets in areas
                • Partner Up: Be available, accessible, and transparent to bring in accredited investors
                • Data-driven Statistics: Multifamily/commercial real estate outperforms stock market
                • Secret Sauce: Finding deals takes time to build relationships with brokers and bankers
                • Good, Bad, and Ugly: Educate, then execute; know what you know
                • Learn and Grow: Always look for value adds in real estate and people
                • Bottom Line: If real estate is not part of a retirement plan, the plan’s broken
                • Passive vs. Active Investors: What to look for and expect to not be a real estate victim  
                  • 54 min
                • Ep #5: Investing in Student Housing with Jeff Greenberg

                  If you’re interested in real estate investing, which space suits you best? Single-family, multifamily, senior living, or student housing? Real estate is a great way to diversify and expand your wealth.  

                  In this episode, Wayne talks to Jeff Greenberg, CEO and Managing Member of Synergetic Investment Group (SIG). Jeff has invested in multifamily and student housing assets in various markets for several years. It’s about knowing and trusting who you are dealing with.  

                  Topics on Today’s Episode:

                  • Banks, Prices, and Time: Reasons why Jeff shifted from single-family to student housing
                  • Student Housing: Stabilized or value add, which direction to go? 
                  • Finding to Fundraising Deals: Jeff’s seeking high-quality deal sponsors for partnerships 
                  • COVID Changes: Student housing is recession resilient, it may not be pandemic resilient
                  • Multifamily vs. Student Housing: Similarities/differences involve location, safety, turnover
                  • Social Media and Marketing: Depends on properties and available options
                  • Rental Rates: Student housing based on affordability, not square footage or amenities
                  • Value-Add Strategies: Increase rents via renovations, furnishings, WiFi, and security
                  • Joint Cooperation and Acceptance: Support from campuses to provide safe environment
                  • Financing: Some lenders hesitant about student housing, others willing to provide loans
                  • Real Estate Investing: Be sufficiently funded to cover unexpected events, (i.e., COVID) 
                  • Due Diligence: Protect yourself by learning and researching passive and active investing 

                    • Links and Resources:

                    Jeff Greenberg’s Email
                    Synergetic Investment Group LLC (SIG)
                    Fannie Mae
                    Freddie Mac
                    Passive Investing in Commercial Real Estate by James Kandasamy
                    The Hands-Off Investor by Brian Burke
                    Wayne Courreges
                    Free Passive Investor eBook by Wayne Courreges
                    The Untold Stories of Real Estate Investing Podcast

                    44 min
                  • Ep #4: Raising Capital in COVID-19 Environment with Andrew Lucas
                    Is it possible to raise capital in the COVID-19 environment? It takes sourcing new investors and maintaining relationships with current ones by being a trusted resource. 
                    In this episode, Wayne talks to Andrew Lucas, Director of Capital Markets at Trion Properties, which maximizes investor returns by increasing net operating income through heavy renovation and aggressive lease-up. 
                    Topics on Today’s Episode:
                    Extensive Experience: Finance, investor relations, commercial/residential real estate 
                    Risky Decision: Team up with high-growth entrepreneurs or startup your own shop?
                    Organic vs. Progressive Growth: Friends and family money to robust investor network
                    Funds: Raise and allocate property investments to reduce risk and increase returns 
                    Resident Experience: Increase renovation value by repurposing property amenities
                    COVID-19: Double-down on communication efforts with investors, residents, network
                    Equilibrium: Navigating natural obstacles of raising capital and acquiring properties
                    Debt vs. Equity Funds: Money and no loans, or loans and no money
                    Real Estate Relationships: Be transparent, engaging, available, ethical, and dedicated
                    Investment Markets: Be an inch wide and a mile deep vs. a mile wide and an inch deep
                    Keys to Success: Different markets require different learning curves and due diligence
                    Routine Habits/Best Practices: Create structure, culture, and pay attention to details 
                    Links and Resources:
                    Andrew Lucas on LinkedInTrion PropertiesWayne CourregesFree Passive Investor eBook by Wayne CourregesThe Untold Stories of Real Estate Investing Podcast
                    39 min
                  • Ep #3: From $7 to Acquiring over $350M Real Estate Investment Portfolio with Vinney (Smile) Chopra
                    With a strong work ethic and positive attitude, you can achieve your hopes and dreams of becoming a successful multifamily investor and syndicator. 
                    In this episode, Wayne talks to Vinney (Smile) Chopra with Moneil Investment Group. A mechanical engineer turned successful real estate investor and syndicator, motivational speaker and teacher from India, Vinney believes in everybody’s ability to shape the world through positive thought and selfless actions. 
                    Topics on Today’s Episode:
                    The Good: Start small and stay the course to achieve financial benefits
                    The Bad: Inability to scale up quickly and purchase more apartments with own money
                    Syndication: Pulling and raising money legally for a common goal to make profit
                    Drawbacks: No track record, no bank loans, no money to buy properties
                    Due Diligence Problems: Don’t cut corners; costs more and causes trouble 
                    What’s in the best interest for investors, residents, team members, and vendors?
                    Communication: Personalized presentation and full disclosure of property/asset
                    Happy Family: Monica and Neil equal Moneil brand to leave behind legacy wealth
                    Syndicators must keep five plates spinning in the air: 
                    Build superb teams
                    Build investor lists and relationships
                    Understand underwriting and analyze deals
                    Loan qualification
                    Property takeover and management
                    Passive Investing: Limit principals, request track records, and review criteria to buy 
                    Syndicator Succession Plan and Systems: What happens if…? 
                    Silver Tsunami: Shift to assisted living space to meet demographic demand 
                    Links and Resources:
                    Moneil Investment GroupVinney Chopra’s Mentorship ProgramlApartment Syndication Made Easy by Vinney (Smile) ChopraVinney (Smile) Chopra PodcastsRule 506 of Regulation
                    53 min
                  • Ep #2: Strength and Resilience of Class A Multi-Family Apartments with Dan Handford
                    If you don’t have time or don’t want to make time to invest in real estate, can you still make money investing in multifamily properties while reducing/shielding your tax liability? It’s possible and legal. 
                    In this episode, Wayne Courreges talks to Dan Handford with PassiveInvesting.com and Multifamily Investor Nation. Over the past 12 months, Dan and his team have invested more than $136 million in multifamily properties with a capital raise of $50 million to purchase those assets. Also, Dan and his wife, Dennae, host the Tough Decisions for Entrepreneurs Podcast. 
                    Topics on Today’s Episode:
                    Multifamily Side: Dan’s motivation to move from passive to active investing
                    Real Estate Professional Classification: Offset all income to reduce taxable liability
                    Multifamily Investing Mentor: Hire lifeline and pay for direct access to acquire assets
                    ABCs of Asset Classes: Dan chooses A and B+ with value-add multifamily properties
                    Investor Pools: Never passively invest without considering capital preservation at play
                    Would of/Should of: Start ability to find investors earlier and raise money to secure deals
                    Due Diligence: Building relationships with brokers, making investor lists takes time/effort
                    Lessons Learned: Always have more reserves and extra funds than expected
                    Overlooked Aspects: Underwriting can make returns look good, but unrealistic
                    Post-COVID Pros and Cons: Cashflow, renovations, rent defaults, and occupancy rates
                    Pandemics: Create marriages, divorces, and babies that drive demand for place to live     
                    Links and Resources:
                    PassiveInvesting.comMultifamily Investor NationTough Decisions for Entrepreneurs PodcastCoStar Market AnalyticsApartments.comWayne CourregesFree Passive Investor eBook by Wayne CourregesThe Untold Stories of Real Estate Investing Podcast
                    38 min

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