Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development

Adversity is guaranteed, and it's just a matter of what gifts we receive from going through that adversity and how we train ourselves to be prepared. In this episode, Saket Jain will enlighten listeners to condition their minds for continued and ongoing success and constant and never-ending improvement.

Listen as Saket explains how essential it is to shift our mindset. Overcome and immerse ourselves in the gifts—the tremendous gifts and the tremendous opportunities that come from adversity. What will stick with you is when Saket mentions, “It's less about the mechanics, it's more about the mindset.” Don't miss this!

Key Points from This Episode:

• Saket shares how he started in real estate. 

Tweetables:

“The only thing I would add to that is everything that we do, It's purpose driven” – Saket Jain

“The problem, I think, is that most of us don't pause and we don't self-reflect, and we don't have a mechanism or the muscle to go back to the time.” – Saket Jain

“Do it when everything is going well.” – Saket Jain

“It's the moments of adversity that grew the most. When everything is going well, you're not growing.” –Saket Jain

“Even if you have trained your mind, sometimes, it's like we forget that adversity is the greatest opportunity.” —Tyler Chesser

“Build a habit of every one hour, regardless of what's happening in your life. To take a two second pause on whatever is happening, and remind yourself that you're thankful to be alive.”  - Saket Jain

“So if you want a certain action, you gotta change your thoughts.” - Saket Jain

Links Mentioned:

Impact Wealth Builders Website

Impact Wealth Builders Facebook

Impact Wealth Builders Instagram

Saket Jain LinkedIn

Elevate with Tyler Chesser Website

Invest with CF Capital

About Saket Jain

#1 bestselling author, investor, syndicator, tech enthusiast, and philanthropist Saket Jain is the Founder and CEO of Impact Wealth Builders where he’s passionate about achieving financial freedom through real estate.  He has over 15+ years of experience in real estate investing. Over the last 5 years, Saket has taken a particular interest in class B/C multifamily apartments in markets that have strong fundamentals. Saket, along with his partners, has built a portfolio of over 2000 units totaling $200M in assets across several US markets, generating consistent double digit annual returns. In addition to investing, Saket currently serves as a Business Operations leader at Airbnb Headquarters. Prior to that, Saket, in his role as a business consultant built, launched and led profitable new ventures in the technology and financial sectors. When not investing or working, Saket loves time with his wife of 19 years and two daughters.

With many factors affecting the real estate business landscape characterized by wide and rapid fluctuations of market prices and interest rates, it is imperative for multifamily syndicators to be able to adapt to the fast-paced changes so that they can minimize risks and losses and still keep a profit margin.  Therefore, as syndicators, we should learn tools, strategies, and techniques that will keep our real estate businesses running at an optimal level in any economic environment. 

We are joined today by successful real estate investor and principal of Boardwalk Wealth, Omar Khan, to bring to you the latest issues that challenge multifamily syndicators in today’s inflationary environment. Omar shares how his company responds to the shifts in the economy and government policies that affect the housing markets and how they even raise the bar in multifamily operations. Find out what tools and techniques they use to manage their assets efficiently. Learn what types of loans best suit their current acquisitions. Listen to the end and discover how to turn a good investment into a great one. All these and more in today’s episode so tune in now! 

Key Points from This Episode:

• How to join Omar’s mailing list and regularly receive valuable content in your email

Tweetables:

"Turn a good investment into a great investment with strategic management." - Tyler Chesser

“This is the time we minimize risk, not enhance your profit.” - Omar Khan

“Balance speed with cost in managing renovation schedule.” - Omar Khan

“90% of success in this field is merely just being organized and showing up on time,” - Omar Khan

“Number one is finding the right people. Number two is standardizing and templating the processes.” - Omar Khan

“You have to let your team take control. If you just show up and do everything, your team can’t do anything. And then when you go away, your team's gonna collapse.” - Omar Khan

Links Mentioned

Omar Khan on LinkedIn

Boardwalk Wealth

Invest with CF Capital

About Omar Khan

Omar has advised on $3.7 billion in capital financing and M&A transactions, as well as securing $50+ million in equity from private and institutional capital. He is a graduate from the Rotman School of Business (University of Toronto), and a CFA charter holder with 10+ years of investing experience across real estate and commodities. As the principal of Boardwalk Wealth, Omar is primarily responsible for developing strong relationships with private and institutional investors, brokers, and strategic partners. He has closed on over $250 million of assets across TX, GA, FL, and SD.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

Must we always challenge conventional thinking? If you believe that everything can be improved, then, we must say yes to challenging conventional thinking. Because change is happening all around us all the time, we cannot always accept long-held conventions as infallible and always effective. At the very least, accepting conventional thinking and practices without question stifles creativity, innovation, and progress. This goes in other areas of our lives including our finances and investments.

Seasoned real estate investor and alternative investment syndicator-operator Dave Zook of The Real Asset Investor joins us today to spur us to think and question conventional wisdom in investing so we can transform our investments and create more value. Discover how investing in other real assets and alternative investments helps not only in diversifying portfolios but in reducing tax liabilities as well. Gain a new perspective on capital raising as well as insights on the current market and economic environment while identifying areas where you can force more value. Find out how Dave took his half-million dollars tax liability to zero in a year. Stirred your curiosity? Tune in now!

Key Points from This Episode:

• Dave introduces himself and shares his family background and how he started in business.

Tweetables:

"You can be conventional or you can be wealthy, pick one." - Dave Zook

"If you want to change your tax, you've got to change your facts. You've got to change the way that you're doing business and the way that you're investing." - Tom Wheelwright

“The idea that I could make a lot of money but control my own tax liability never occurred to me till just over a decade ago. And when I realized that it was in my control to reduce my tax liability, everything changed.” - Dave Zook

“If you want to be patriotic, do what the government wants you to do, and pay zero tax.” - Dave Zook

“When you add value to people, when you add value to society, the government rewards you for that.” - Dave Zook

“Go to market, add value, deliver a lot of value to a lot of people. That’s your fastest way to success (in syndication).”- Dave Zook

“Just a simple phrase of, "hey, you know what, it seems like this deal is not the best fit for you" can be one of the most powerful investments into a relationship that pays massive dividends down the line.” - Tyler Chesser

“Thinking long term is the difference between hunting and farming. A hunter goes out and catches or kills something and he gets enough to eat for the day. A farmer crops the soil, plants, and eventually, that bears fruit for a long, long time.” - Dave Zook 

“Business is about relationships. If you've got to think long term, you've got to do what's best for your investor.” - Dave Zook

“Real success and real wealth is being able to build relationships and being able to take care of your body. If you don't feel good, nothing else matters.” - Dave Zook

“Success without fulfillment is the ultimate failure.” -  Tyler Chesser

Links Mentioned

The Real Asset Investor

Horizon Structures

Tom Wheelwright

Cashflow Quadrant by Robert Kiyosaki

Rich Dad, Poor Dad by Robert Kiyosaki 

The Compound Effect by Darren Hardy

Who Not How by Dan Sullivan and Benjamin Hardy

Invest with CF Capital

About Dave Zook

Dave Zook, founder and CEO of The Real Asset Investor, is a successful business owner and an experienced real estate investor active in multifamily apartments, self-storage, and the ATM space. Dave has acquired more than $100 million worth of real estate since 2010 and together with his investors own approximately 3000 multifamily apartment units. Dave is a renowned and trusted professional resource in the Automatic Teller Machine (ATM) investment market where he and his business partner have deployed more than $90 million of investor and personal capital. 

As a #1 best-selling author and popular guest speaker, Dave has shared his knowledge at international business conferences and popular podcast shows. Dave, his wife Susan, and their 4 children live in Lancaster County, PA.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

Understanding key factors that impact the real estate market is crucial when investing. Knowing how economic factors and government policies affect real estate investment potentials will instruct you on how, when, where, and what to invest in. Furthermore, learning how these forces work for or against each other will help you generate creative solutions and even discover unique opportunities amidst the complex and volatile markets that we’re experiencing today.

Join us in our episode today as we bring in real estate expert Eric Silverman of Eastham Capital. We explore the impact that economic factors have on the multifamily market cycles and how investors should respond with creative solutions because opportunities are waiting even in a downturn phase. Find out his real estate outlook for the next 3 to 5 years as we also zero in on the value of strategic partnerships in growing a real estate business. Listen until the end and you’ll hear how Eastham Capital’s funds have evolved in the last 15 years. Lots of insight and lessons to learn so tune in now!

Key Points from This Episode:

• Eric’s analysis of the impact of economic factors (interest rate, inflation rate, consumer price index, capital markets, supply and demand) on the multifamily real estate market conditions (debt cost, mortgage cost, debt service, rent growth, occupancy rate, etc.)

Tweetables:

"Every effort that we can put into talking to up-and-coming and potential partners and trying to find ways to work with people to get those relationships going, that has really generated our best values over time." - Eric Silverman

“We need to be creative. We want to be in the market, we want to buy deals, but we don't want to overpay for deals.” - Eric Silverman

“The impediment to fundraising at the moment is uncertainty, uncertainty about where inflation is going to land.” - Eric Silverman

“When I project out a little bit further, I think that the tailwind of demand for rentals is super strong in the United States in pretty much every market.” - Eric Silverman

“From a multifamily perspective, it's not recession-proof but it can be recession-resilient because everybody needs a place to live.” —Tyler Chesser

“Investors need to be patient and find their spots. But stay in the business, keep working deals, keep looking for opportunities.” -  Eric Silverman

“Complex problems require creative solutions which create opportunities.” - Tyler Chesser

Links Mentioned

Eric Silverman on LinkedIn

Eastham Capital

Invest with CF Capital

About Eric Silverman

Eric Silverman is a founder and managing director of Eastham Capital.  Along with Matt Rosenthal, Eric is responsible for overseeing all operations of the company. He is also a founder of St. James Capital, LLC, an FHA-approved lender specializing in multifamily residential housing financial services. 

From 1995-2010, Eric was President and then Chairman of RentGrow, Inc., until it was sold in 2010 to Yardi Systems. Before joining RentGrow, Eric was a founder and principal in St. James Mortgage Company, a Fannie Mae-approved residential mortgage banker. From 1991 to 1994, he directed and implemented the company’s retail expansion into Massachusetts and New Hampshire and managed operations in those states. Eric learned the real estate industry through Holtzman and Silverman Construction and Realty, his family-owned business based in Michigan. H & S is a developer and manager of apartment and retail properties.

Eric graduated from Bowdoin College in 1985 with an AB in Mathematics. In 1991, he earned the degree of Master of Science in Management, with a concentration in Finance, from the MIT Sloan School of Management. He is an active alumnus of MIT, where he served as a judge in the $100K entrepreneurship competition for seven years. He is a founding director of Leader Bank in Arlington, MA. Eric is also on the Board of The Spaulding Rehabilitation Hospital Network – Partners Continuing Care, and he is a Friend of the McGovern Institute for Brain Research at MIT.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

We will never get rid of fear; we will learn how to manage it, overcome it, and use it as a tool. In this episode, our guest Tom Burns will enlighten listeners to go beyond their fears and assess the key components of being a successful real estate investor.

Listen as Tom explains why it is essential to navigate the significant components of what’s happening right now, how you can leverage your fear, and how you can better understand the market-level fear. He also talked about all active and potential development opportunities as well as the perfect components in finding the right person to create deals with so tune in now!

Key Points from This Episode:

• Tom talks about the disconnection between the rise in the interest rate and the cap rates.

Tweetables:

“Courage is just fear overcome.” – Tom Burns.

“And perhaps, we get to the point where the pendulum swings and there's almost too much fear, which then creates those opportunities. ” —Tyler Chesser

“That just because the result was good, doesn't mean that all of our decisions along the way were optimal “ - Tyler Chesser

“Revenge is just an empty box. But you wanna move forward. And moving forward sometimes has required us to swallow our pride and just move on.” -Anonymous

“We overestimate what we can do in a year. We underestimate what we can do in 10 years and they wanna get started right away with how do I grow a big group to raise money.” — Bill Gates

Links Mentioned

Tom's Website

Tom's LInkedin

Tom's Facebook

Presario Ventures: Private Equity Multifamily Real Estate Firm Austin

Invest with CF Capital

About Tom Burns

Tom is an entrepreneur and an orthopedic surgeon in Austin, Texas. He is currently a physician for the United States Ski Team and travels worldwide with them. He has over 25 years of real estate experience with multiple asset types. In addition to co-founding and managing a free-standing full-service hospital, he has acquired and developed $400 million of real estate locally and internationally.

Dr. Burns is a principal of Presario Ventures, a private equity real estate company in Austin, TX. He is listed in the acknowledgment section of Robert Kiyosaki’s book, Rich Dad Poor Dad, and is the author of Why Doctors Don’t Get Rich, a personal finance guide for people who want to live life to the fullest. He is a sought-after speaker and coach and is frequently featured in nationally circulated print articles and popular real estate-oriented podcasts. Tom has been financially independent for a decade. His mission is to help people create financial independence so they can enjoy life and all the joy that comes with it.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

Many factors could hinder a person from being great at real estate investment: Turned down deals, an investor backing out, or having closed doors for opportunities. In this episode, Tyler will share his motivation to go beyond the human being’s default reaction: anger and offense.

Listen as Tyler gives you the recognition that the real financial abundance is on the other side of the wavelength of love, joy, inspiration, and curiosity. 

Key Points from This Episode:

• Tyler talks about why people live being offended by everything they look at. 

Tweetables:

“Opportunities to be offended are endless.” – Tyler Chesser

“But again, our opinions will be constantly challenged in the form of 8 billion people. ” – Tyler Chesser

“You can't disagree with someone without sabotaging your success  and development as a result.” – Tyler Chesser 

“But let's upgrade,  let's elevate beyond the default  and take things to a whole new level as a result” – Tyler Chesser

“Choosing to be unoffendable or relinquishing my right to anger does not mean I'm accepting injustice. It means actively seeking justice and loving mercy while walking humbly with God.” —Anonymous

Invest with CF Capital

Today, Peter Linneman shares how people's life expectancies limit us from embracing our full potential and capabilities. Peter has been in the business and has been giving gifts of greater quality of living standards. 

Peter believes that the most unvalued skill in life is intellectual curiosity. Intellectual curiosity will make people take action, but sometimes, it leads them to be blind but smart enough to recover from that. The inspiring words from Peter are that people are just afraid of conditions, not age. Realizing you're capable will be a big help, so listen to this!

Key Points from This Episode:

• How to notice cognitive bias?

Tweetables:

“Don't get distracted by shiny objects ” - Peter Linneman 

“And I could promise you, it's not, it's not easy. It's just what you do ” - Peter Linneman

“There are times when you can do so much better than mediocre

” - Peter Linneman

Links Mentioned

Peter Linneman's Website

Invest with CF Capital

About Peter Linneman

For nearly 45 years, Dr. Peter Linneman's unique blend of scholarly rigor and practical business insight has won him accolades from around the world, including PREA's prestigious Graaskamp Award for Real Estate Research, Wharton's Zell-Lurie Real Estate Center's Lifetime Achievement Award, Realty Stock Magazine's Special Achievement Award, being named "One of the 25 Most Influential People in Real Estate" by Realtor Magazine and inclusion in The New York Observer's "100 Most Powerful People in New York Real Estate".

After receiving both his Masters and Doctorate in Economics under the tutelage of Nobel Prize winners Milton Friedman, Gary Becker, George Stigler, Ted Schultz and Jim Heckman, Peter had a distinguished academic career at both The University of Chicago and the  Wharton School of Business at the  University of Pennsylvania. For 35 years, he was a leading member of Wharton's faculty, serving as the Albert Sussman Professor of Real Estate, Finance and Public Policy as well as the Founding Chairman of the Real Estate Department and Director of the prestigious Zell-Lurie Real Estate Center.  During this time, he was co-editor of The Wharton Real Estate Review. He has published over 100 scholarly articles, eight editions of the acclaimed book Real Estate Finance and Investments: Risks and Opportunities, and the widely read Linneman Letter quarterly report. He is also the co-creator of the popular, and highly regarded, Real Estate Finance and Investment Certification course, REFAI. 

Peter's long and ongoing business career is highlighted by his roles as Founding Principal of Linneman Associates, LLC, a leading real estate advisory firm, and its affiliates. For more than 40 years, he has advised leading corporations and served on over 20 public and private boards, including serving as Chairman of Rockefeller Center Properties, where he led the successful restructuring and sale of Rockefeller Center in the mid-1990s.

Although retired from Wharton's faculty, Dr. Linneman continues his commitment to education through his SAM Elimu educational charity for orphans and children of extreme poverty in rural Kenya. He has been married for nearly 50 years and remains an exercise enthusiast.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

The aggregation of marginal gains, which mirrors our guest’s core value––making even the smallest improvements every day. In this episode, Devin Elder, our second-time guest talks about how he is reading everything on the macro environment right now and what are his insights towards more effective investing.

He also shares with us his 10,000-hour rule to becoming an expert and his timeless wisdom about being in the right peer group; and starting small and iterating after failing. If you're interested in learning more about multifamily real estate and an exciting personal growth journey as an investor and business owner, tune in right away!

Key Points From this Episode

• Devin talks about the illusion of time in real estate.

Tweetables:

“I'm 44, 1 year is certain percentage of my life. Whereas when you're 20, one year is a much bigger percentage of your life..” – Devin Elder 

“I get this delayed gratification and all these kind of things, but you know, what about securing sort of that win now? Or what about enjoying life now? But, you know, I think you can do both.” – Tyler Chesser 

“Instead of saying, I can't afford that. And just shutting down all the powers of your brain, you say, how can I afford that?” – Devin Elder 

“You've gotta plug yourself in with a peer group that understands exactly what you're going through. And I would put that honestly as the number one thing that's helped me succeed.” – Devin Elder

"And that's what change is. It's scary. And it's gonna push you outta your comfort zone .” – Devin Elder

Links Mentioned:

Invest with CF Capital

DJE Texas' Website

About Devin Elder

Devin Elder is sole owner of DJE Texas Management Group LLC (DJE), which manages all aspects of acquisition, repositioning, and disposition of single family, land, development, and multifamily projects in Central Texas. DJE has successfully completed over 200 Real Estate renovation projects, with renovation budgets ranging from $10k to $3M+. Devin has been a Principal in over 5,000 units of multifamily. No investor capital has ever been lost on any DJE project.

The DJE multifamily portfolio is managed by DJE Properties LLC, the company’s in-house property management firm. As of November 2021, DJE Properties manages 2,125 doors with an average occupancy of 95%.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

There are many factors affecting business decisions and there are many factors investors, entrepreneurs, and business owners should consider before making decisions. In this episode, Tyler and Bryan talk about how to handle the constantly changing and evolving market. 

Listen as Tyler and Bryan take you on a journey to financial intelligence, share the reasons why constantly investing in oneself is key to constant growth, the macro factors of investing, and the ‘right way’ to resolving inflation.

It’s also discussed in their conversation why surrounding yourself with great people can walk you through achieving greater heights!

Key Points From This Episode:

• Tyler talks about the tea leaves happening in the world today and how it affects the decisions of investors, entrepreneurs, and business owners.

Tweetables:

“If we don't know all those macro factors, we're essentially driving across country with nothing but our headlights. That's not a way to do business the way we do it.” – Bryan Flaherty

“History does not always repeat itself, but it rhymes in many capacities.” – Bryan Flaherty

“It doesn't feel like there's a safer place to be than in the multifamily investing community because of those fundamentals that you talked about.” – Tyler Chesser

“We can never eliminate risk in investing.” – Bryan Flaherty

“Either you're gonna get wiped or you're gonna evolve. You're gonna change. You're gonna thrive alongside all that change. And you have to have that willingness. It's not bend don't break, but it's be flexible and understand what's out there.” – Bryan Flaherty

Links Mentioned:

Ray Dalio's Principles for Dealing with the Changing World Order Book

The Fourth Turning Book

Who Moved my Cheese Book

Invest with CF Capital

About Bryan Flaherty

Bryan Flaherty co-founded and serves as CF Capital’s managing partner. He supervises the firm's overall strategic direction, investor and equity connections, manages the firm’s assets as well as the investment strategy for acquisitions and dispositions. Together with his partner, he also co-founded and oversee CF Capital's Multifamily Meetup group. 

Bryan is a member of the Kentucky CCIM Chapter, a distinguished Certified Commercial Investment Member designee, and the past chairman of the March of Dimes Commercial REACH Award. In 2019, Louisville Business First named Bryan one of the "20 People to Know in Real Estate" (2019). Bryan received his Master of Business Administration (MBA) from Indiana University in addition to his Bachelor of Science in Mathematical Economics from the University of Kentucky.

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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.

Hear from Tyler on the behind the scenes of some very exciting developments for Elevate as well as some very exciting news for what's to come on the podcast in this quick solo recording. We're all a work in progress, and this podcast is no different. The evolution is under way!

Thank you for your loyalty, support and enthusiasm for Elevate Podcast! We're so grateful to have the opportunity to serve you and look forward to continuing to do so.