By Don Ganguly
The podcast currently has 16 episodes available.
Our guest today is Robert Wolf of Terra Forma Business and Financial Consulting. Looking at assets holistically, Robert is an active financial manager. We will dive into his viewpoints and advice on investing as well as steps you can take during COVID to optimize your taxes and finances.
"My background came from how to best offer advice from a solution perspective, not as advice." The best way he could achieve this process with clients was by being different than other investors. "I look at the holistic aspect of what people are doing," Robert asked his clients what they would like to see in a business consulting firm. His process is derived from distilling information about his clients' likes, needs, and wants when it comes to financial investing and planning.
The cash-flow quadrant didn't focus on how to create a plan around getting the most from your tax return and why the assets that generate income are what you need to build your portfolio. "When you want that income depends on how the IRS taxes that income." We talk about which assets you want to shift, and when you shift assets to acquire the best tax benefits for your level of income.
Learn why the most significant tax advantage from owning real estate is depreciation, the best asset classes you can purchase in an unstable economy, and why your business loss today is less than your taxable income tomorrow.
In This Episode:
Subscribe to Eyes Wide Open Podcast
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Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
Robert Wolf Terra Forming Asset Coach
Robert Wolf on LinkedIn
Our guest today is a Silicon Valley techie and had money he was looking to invest in real estate. Figuring California would not be the right choice for investing and found the Houston market would give him a better ROI. We talk today to Adwait Samant, his experiences in investing in Houston real estate, and his advice on investing in the Houston market.
The Bay Area of California is not an excellent place for real estate investment as you have the top 1% of wage earners in a condensed geographical space. Real estate is a good target for investment for many in the Bay Area.
At first, Adwait thought he would pay off his home with the income he had leftover, then he pivoted on a friend’s advice. He talked to account managers and his wife about the direction his money would travel and decided on purchasing real estate.
Houston was chosen because he knew where he was living wasn’t a great option. Additionally, he wanted to purchase real estate, which gave him a good return, he had traveled to Houston several times, and Houston is a technology hub. He also thought Houston would be an excellent place to live if he decided to move out of the Bay Area. Adwait found that Houston’s neighborhoods also had a good rating on the Neighborhood Investment Rating scale A through D.
Neighborhood Investment Rating scale is a scale that takes into consideration many different variables about a neighborhood, including crime, schools, and income. When investing, an investor can choose their portfolio with a mix of rated neighborhoods. Neighborhoods are rated from A through D, depending on how the different variables of a neighborhood come into play.
Listen in to find out how Adwait’s property has been performing, the rental projection of his property, and why you should have boots on the ground to check out your property.
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
Adwait Samant on LinkedIn
Adwait Samat on Twitter
In This Episode:
[01:06] How Adwait decided to get into real estate investing and how he chose Houston for his investment.
[03:11] Investing in real estate, putting money towards your mortgage and how should you go about investing in real estate.
[05:34] Reason why Adwait decided to go with Houston as his investment market.
[06:22] Neighborhood Investment Ratings Scale explained.
[07:40] How has Adwait’s Houston investment property paid off?
[10:10] What could Adwait have done differently and advice for new investors.
We continue our series on the real estate investment market. Do you know which city booked out Sonny and Cher and the Beatles? It's the most ethnically diverse city in the United States. More people dine out in this city than any other city in the US. Today we are going to talk about Houston, Texas.
On our focused talk about Houston, we start off by listing industries and events which fuels and gives the Houston economy upturns and downturns:
Houston today has a 2.3 million population, and the population continues to grow. By the end of the next decade, 2040, Houston is predicted to have 10 million in population. Migrants, transient, and medical and oil industries keep this city moving and growing.
Over 57% of residents rent, which gives this city a renter-friendly characteristic from an investor viewpoint. Many renters equate to a cash flow engine for investors. Real estate growth is 2.8%, a unique stat for a big city as there is more supply than demand. The consistent increase in home prices is still good as more people are moving into this area. There is a stability envelope with Houston because of the combination of these factors. The rent to price ratio in Houston is still suitable for investors and has positive cash flow. This is rare for a metro area, given that Houston is the fourth largest city in the US.
Houston History
In 1836, two brothers bought land near Buffalo Bayou for $1.40 an acre and purchased over $6,000 acres. This was the starting point for the founding of Houston.
Oil was first discovered at Spindletop in 1901. Goose Creek and Humboldt followed suit with oil being found in both locations. The oil economy quickly grew and developed from this start. The 1940s brought refineries and the petrochemical industry. Fast forward to the 1970's many oil companies established themselves in Houston. Upstream and downstream economy starts to take effect. Now, Exxon has consolidated its headquarters in Houston, making Houston a large oil economy, perhaps the largest in the world.
Texas Medical Institution started in 1943 and has continued to grow as one of the leading cancer research centers in the world. This has created a booming medical corridor for the medical industry.
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
In This Episode:
[01:14] What’s special about Houston Texas and gives Houston its character.
[02:19] Current stats on Houston for real estate investors.
[03:06] Inventory growth in Houston for new real estate opportunities.
[05:01] Background and history on Houston, how industries rose and how Houston became a metro.
[05:54] Houston shipping industry collaboration and growth throughout the decades.
[07:01] NASA, earthquakes and the hurricane storm history of Houston.
[08:33] Houston is unique in that the city has no zoning laws.
We continue our series on the real estate investment market in Houston. Charlie is a long time investor in Houston. He started investing and opened a successful management business - The Management Pros. Today, we’ll get Charlie’s views on Houston as a city and an investment opportunity.
Charlie says he came into investing in a very non-traditional fashion. While attending Rice University for his MBA, he decided to become entrepreneurial with a set of criteria for a business purchase. He came across a property management company for sale, which met some of his criteria, negotiated and bought the company in 2012.
Real estate investment came as a secondary career as a result of purchasing his property management company. Charlie has learned about the importance of data, and advises to “really do your homework on a property.” Looking at location and neighborhood is always essential, however; he also suggests to look at the facts and data behind the investment.
Dynamics change from city to city and over time. Charlie gives insight as to why data is so important as an investor and what types of data play into the dynamics for real estate. Charlie gives specs on Houston, its character, and data on this city.
Listen in to find out how to figure out what neighborhood to invest in, why negotiating is different from city to city, is Houston an evergreen city to invest in, and learn why Houston is a massive part of the economy. Learn why Houston is an economy that can ride out economic cycles, where Charlie decided to manage in Houston and why he chose the area for management and investing.
Guest Bio
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
The Management Pros
Contact Charley Roseland
Charlie Roseland on Twitter
In This Episode:
[01:00] Charlie gives us his background and how his journey led him to investing in real estate.
[02:34] He moved into real estate investment after purchasing his property management company in 2012.
[03:42] How to figure out what neighborhoods to invest in when choosing real estate.
[05:30] Negotiating the buy is different from city to city.
[08:00] Should I be worried to invest in Houston?
[10:15] The resiliency of Houston and how Houston turned around after the last recession in 2008.
[14:00] Looking into demographics, population of Houston and which areas are good for investment.
[15:20] Rent growth versus price growth in Houston real estate.
[19:32] How to choose property managers who work well in the industry.
[20:56] What to look for in real estate investment moving forward in the Houston area.
[22:26] Positive elements which create a good outlook for real estate investment in Houston.
Our guest today is a Silicon Valley techie and had money he was looking to invest in real estate. Figuring California would not be the right choice for investing and found the Houston market would give him a better ROI. We talk today to Adwait Samant, his experiences in investing in Houston real estate, and his advice on investing in the Houston market.
The Bay Area of California is not an excellent place for real estate investment as you have the top 1% of wage earners in a condensed geographical space. Real estate is a good target for investment for many in the Bay Area.
At first, Adwait thought he would pay off his home with the income he had leftover, then he pivoted on a friend’s advice. He talked to account managers and his wife about the direction his money would travel and decided on purchasing real estate.
Houston was chosen because he knew where he was living wasn’t a great option. Additionally, he wanted to purchase real estate, which gave him a good return, he had traveled to Houston several times, and Houston is a technology hub. He also thought Houston would be an excellent place to live if he decided to move out of the Bay Area. Adwait found that Houston’s neighborhoods also had a good rating on the Neighborhood Investment Rating scale A through D.
Neighborhood Investment Rating scale is a scale that takes into consideration many different variables about a neighborhood, including crime, schools, and income. When investing, an investor can choose their portfolio with a mix of rated neighborhoods. Neighborhoods are rated from A through D, depending on how the different variables of a neighborhood come into play.
Listen in to find out how Adwait’s property has been performing, the rental projection of his property, and why you should have boots on the ground to check out your property.
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
Adwait Samant on LinkedIn
Adwait Samat on Twitter
In This Episode:
[01:06] How Adwait decided to get into real estate investing and how he chose Houston for his investment.
[03:11] Investing in real estate, putting money towards your mortgage and how should you go about investing in real estate.
[05:34] Reason why Adwait decided to go with Houston as his investment market.
[06:22] Neighborhood Investment Ratings Scale explained.
[07:40] How has Adwait’s Houston investment property paid off?
[10:10] What could Adwait have done differently and advice for new investors.
We continue our series on the real estate investment market. Do you know which city booked out Sonny and Cher and the Beatles? It's the most ethnically diverse city in the United States. More people dine out in this city than any other city in the US. Today we are going to talk about Houston, Texas.
On our focused talk about Houston, we start off by listing industries and events which fuels and gives the Houston economy upturns and downturns:
Houston today has a 2.3 million population, and the population continues to grow. By the end of the next decade, 2040, Houston is predicted to have 10 million in population. Migrants, transient, and medical and oil industries keep this city moving and growing.
Over 57% of residents rent, which gives this city a renter-friendly characteristic from an investor viewpoint. Many renters equate to a cash flow engine for investors. Real estate growth is 2.8%, a unique stat for a big city as there is more supply than demand. The consistent increase in home prices is still good as more people are moving into this area. There is a stability envelope with Houston because of the combination of these factors. The rent to price ratio in Houston is still suitable for investors and has positive cash flow. This is rare for a metro area, given that Houston is the fourth largest city in the US.
Houston History
In 1836, two brothers bought land near Buffalo Bayou for $1.40 an acre and purchased over $6,000 acres. This was the starting point for the founding of Houston.
Oil was first discovered at Spindletop in 1901. Goose Creek and Humboldt followed suit with oil being found in both locations. The oil economy quickly grew and developed from this start. The 1940s brought refineries and the petrochemical industry. Fast forward to the 1970's many oil companies established themselves in Houston. Upstream and downstream economy starts to take effect. Now, Exxon has consolidated its headquarters in Houston, making Houston a large oil economy, perhaps the largest in the world.
Texas Medical Institution started in 1943 and has continued to grow as one of the leading cancer research centers in the world. This has created a booming medical corridor for the medical industry.
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
In This Episode:
[01:14] What’s special about Houston Texas and gives Houston its character.
[02:19] Current stats on Houston for real estate investors.
[03:06] Inventory growth in Houston for new real estate opportunities.
[05:01] Background and history on Houston, how industries rose and how Houston became a metro.
[05:54] Houston shipping industry collaboration and growth throughout the decades.
[07:01] NASA, earthquakes and the hurricane storm history of Houston.
[08:33] Houston is unique in that the city has no zoning laws.
We continue our series on the real estate investment market in Houston. Charlie is a long time investor in Houston. He started investing and opened a successful management business - The Management Pros. Today, we’ll get Charlie’s views on Houston as a city and an investment opportunity.
Charlie says he came into investing in a very non-traditional fashion. While attending Rice University for his MBA, he decided to become entrepreneurial with a set of criteria for a business purchase. He came across a property management company for sale, which met some of his criteria, negotiated and bought the company in 2012.
Real estate investment came as a secondary career as a result of purchasing his property management company. Charlie has learned about the importance of data, and advises to “really do your homework on a property.” Looking at location and neighborhood is always essential, however; he also suggests to look at the facts and data behind the investment.
Dynamics change from city to city and over time. Charlie gives insight as to why data is so important as an investor and what types of data play into the dynamics for real estate. Charlie gives specs on Houston, its character, and data on this city.
Listen in to find out how to figure out what neighborhood to invest in, why negotiating is different from city to city, is Houston an evergreen city to invest in, and learn why Houston is a massive part of the economy. Learn why Houston is an economy that can ride out economic cycles, where Charlie decided to manage in Houston and why he chose the area for management and investing.
Guest Bio
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
The Management Pros
Contact Charley Roseland
Charlie Roseland on Twitter
In This Episode:
[01:00] Charlie gives us his background and how his journey led him to investing in real estate.
[02:34] He moved into real estate investment after purchasing his property management company in 2012.
[03:42] How to figure out what neighborhoods to invest in when choosing real estate.
[05:30] Negotiating the buy is different from city to city.
[08:00] Should I be worried to invest in Houston?
[10:15] The resiliency of Houston and how Houston turned around after the last recession in 2008.
[14:00] Looking into demographics, population of Houston and which areas are good for investment.
[15:20] Rent growth versus price growth in Houston real estate.
[19:32] How to choose property managers who work well in the industry.
[20:56] What to look for in real estate investment moving forward in the Houston area.
[22:26] Positive elements which create a good outlook for real estate investment in Houston.
Our guest today is Robert Wolf of Terra Forma Business and Financial Consulting. Looking at assets holistically, Robert is an active financial manager. We will dive into his viewpoints and advice on investing as well as steps you can take during COVID to optimize your taxes and finances.
"My background came from how to best offer advice from a solution perspective, not as advice." The best way he could achieve this process with clients was by being different than other investors. "I look at the holistic aspect of what people are doing," Robert asked his clients what they would like to see in a business consulting firm. His process is derived from distilling information about his clients' likes, needs, and wants when it comes to financial investing and planning.
The cash-flow quadrant didn't focus on how to create a plan around getting the most from your tax return and why the assets that generate income are what you need to build your portfolio. "When you want that income depends on how the IRS taxes that income." We talk about which assets you want to shift, and when you shift assets to acquire the best tax benefits for your level of income.
Learn why the most significant tax advantage from owning real estate is depreciation, the best asset classes you can purchase in an unstable economy, and why your business loss today is less than your taxable income tomorrow.
In This Episode:
Subscribe to Eyes Wide Open Podcast
Apple
Spotify
Android
Stitcher
Links and Resources
Eyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
Robert Wolf Terra Forming Asset Coach
Robert Wolf on LinkedIn
Our guest today is Dr. Anandhi Narasimhan is a child and adult psychiatrist and has won the Jewel of India award for her contribution to medicine. She specializes in disaster and international psychiatry and has seen and studied the effects of the COVID pandemic around the world. Dr. Narasimhan has given her services in volunteering for medical humanitarian work throughout the world. We are going to discuss the effects of COVID on mental health in our current time.
"I have been fortunate enough to be allowed to understand how mental health works throughout the world and how I may be able to contribute my knowledge to help improve mental health conditions.
She talks about the variety of responses and circumstances that are showing up as a result of the COVID virus, especially for minorities who do not have resources for medical care. She treats patients in this demographic virtually and provides community outreach and education.
Working to improve the mental health stressors with her patients, she discusses instances of domestic violence, how she is working with schools to know what is going on in children's' homes, and how healthcare workers are getting assistance for stress incurred on the job.
Dr. Narasimhan stresses the importance of primary healthcare activities such as washing hands, social distancing, and staying at home. However, some individuals are not able to get proper healthcare because they are not mobile and are stuck at home. Healthcare advocacy groups are advocating for those in the medical community, and the California Medical Association is setting up clinician coaching programs to provide emotional support to healthcare workers.
In This Episode:
Guest Bio
Dr. Anandhi Narasimhan is a Board Certified Physician accredited by the American Board of Psychiatry and Neurology specializing in Adult, Child, and Adolescent Psychiatry. Dr. Narasimhan completed her adult psychiatry residency training at Duke University Medical Center in Durham, North Carolina, and completed her child and adolescent psychiatry fellowship training at University of California Los Angeles Medical Center in Los Angeles, California.
She has distinguished herself in child trauma and neuroimaging research and has published her work including co-authoring a book chapter, “Child and Adolescent Responses to Trauma.”
Currently, Dr. Narasimhan runs a private practice in Westwood, Los Angeles, in addition to serving as an independent contractor for Aviva Family and Children’s Services and Masada Homes, which are both non-profit agencies with the Department of Mental Health.
She is a popular media guest in the field of psychology and has had several media appearances including CNN, Fox News, USA Today and is available for speaking engagements as an expert discussant.
Subscribe to Eyes Wide Open Podcast
Links and Resources
Today’s episode is focused on Eyes Wide Open giving with our very special guest, Andy Pillay, who supports a mental health cause. In this show, we will hear his heartbreaking story and the resolve Andy has displayed in taking on this venture.
He found in his work at his pharmacy that patients with schizophrenia, bipolar disorder, and severe depression were not being adequately taken care of inside the medical field. Andy’s heart went out to those suffering from these mental illnesses, their families, and others who they impacted. He wanted to make a difference for these patients and then found out his son was schizophrenic.
Andy’s son, now an adult, stopped taking his medication. Since his son was an adult, he could not get medical information from his doctors, so he did not know his son stopped taking medication. He then started a different medication, and Andy soon realized his son started being quieter and slipping into a darker place emotionally. From time to time, he would talk about life being “hopeless.”
Nolan, Andy’s son, had problems trying to hold onto a job for more than a day or two. He attended community college and had a good command of the English language. His dad suggested that he teach English to non-English speakers. Nolan had a black belt in Taekwondo.
With his parents getting older, Nolan was concerned about finances and being able to support his parents in their older life. “He was a very loving child, amiable. He came from a family of high achievers. I think that he was disappointed in the fact that he wasn’t making progress. He found that he was not capable of keeping up with them.”
Nolan decided that he wanted to “save his family,” and in doing so, he was able to purchase a gun, and on January 31st, 2017, he walked into his home and shot his mother and his younger brother. He was then taken away into police custody, and his father was thrown into a world of living without his family and assisting his son’s on his court case.
Andy has created the organization “Caring For the Mentally Ill,” a 501-3C organization, to provide those with mental illness a chance at life.
In This Episode:Andy Pillay grew up in South Africa and came to the US to work in the pharmaceutical industry in 1991 with his wife and two elementary-school-aged sons. He found the opportunity to work in the States appealing, and this, along with the political unease of his country, led him to make a move westward.
While working in the pharmaceutical industry, he found that there was a group of severely ill patients with mental diseases that were neglected, and research for their illness was not adequately funded. One of his sons was then diagnosed with schizophrenia and was seeing a psychologist and psychiatrist.
Link & ResourcesEyes Wide Open Real Estate Investment on YouTube
Eyes Wide Open Investing
Connect with Don Ganguly on LinkedIn
Email Don Ganguly
Visit website: Caring For The Mentally Ill Charities
Email Andy Pillay
The podcast currently has 16 episodes available.