Welcome to today's episode, where we'll be taking a closer look at the sponsorship team behind our latest real estate acquisition. We're excited to be joined by Byron Elliott, an experienced real estate professional with a unique background in both the army and law. Byron brings a wealth of knowledge and expertise to the table, particularly in the areas of raising capital for syndication deals and navigating the legal complexities surrounding such transactions.

Today, with the full sponsorship team assembled, we'll be discussing how we came together and the specific roles each team member plays in our current deal. Join us for an informative and insightful discussion on the power of teamwork in real estate syndication.

Who is Byron Elliott?

Byron is an accomplished professional with an impressive track record in organizational development, project management, and operations management. He has a strong legal background, with expertise in real estate syndication, business law, contracting, and entity formation, with a focus on real estate and tax.

Byron began his career in the army at the age of 17, and later pursued a degree in law from the University of Denver, Sturm College of Law. At the young age of 19, he made his first real estate acquisition, which sparked his interest in real estate syndication and raising capital for such deals. Over the years, he has honed his skills in these areas and became the preferred legal vendor for Raise Masters.

Byron is also passionate about helping the veteran community excel in business and in life. He serves as a board member and collaborates with the city of Denver and surrounding communities on the development of veteran-focused events that highlight the veterans in the community and generate donations and sponsorships to support veteran-focused non-profit corporations. 

Connect with Byron:

LinkedIn: linkedin.com/in/byron-elliott-8921b65

Website: http://www.lawyercommercecity.com/ and http://www.coloradoveteransproject.org/ 

Connect with Kenny:

Instagram: https://www.instagram.com/eastwest864/ 

Website: https://eastwestpropertysolutions.com/ 

Connect with John:

Website: http://www.ratracerescue.net/ 

Email: [email protected] 

LinkedIn: https://www.linkedin.com/in/john-laine-ratracerescue 

Connect with Austin:

LinkedIn: https://www.linkedin.com/in/austin-ou-wang/ 

Instagram: https://www.instagram.com/austin_wang8/ 

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/

Our guest for today is Caleb Johnson, an accomplished entrepreneur who has been managing assets since the age of 18. He's the founder of Red Sea Capital, which focuses on helping investors grow their wealth by investing in multifamily and other real estate properties.

In this episode, Caleb shares his inspiring journey, from his first single-family investment to transitioning to commercial real estate. He talks about why he still invests in single-family units and how he managed to quit his W2 job at the young age of 24. Caleb also shares valuable insights into the markets he's focusing on and the strategies he's using to identify the best investment opportunities. Join us for an insightful conversation with Caleb.

Who is Caleb Johnson?

Caleb is the founder of Red Sea Capital. He has built an impressive portfolio of assets under management, including 30 units in New Mexico, ABQ, 16 units in Oklahoma City, OK, and 40 units in New Mexico, Las Cruces. 

Additionally, he has fractional partnership interests in 176-unit multifamily property and a 12,000 sq ft retail space in Casa Grande, AZ.

In 2022, Caleb founded Red Sea Capital, a company focused on helping investors grow their wealth by investing in multifamily and retail properties. Prior to founding Red Sea Capital, Caleb was part of the NK Development Group, where he played a crucial role in aiding capital and acquisition, growing the company to over 450 units in just two years.

Caleb is a faith-based professional committed to building strong relationships with his investors.

Connect with Caleb:

Podcast: https://redseacapitalgroup.com/listen/ 

Website: https://redseacapitalgroup.com/

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/ 

In today's episode, we'll be continuing our discussion on the due diligence process of acquiring a property in the historical registry. We'll be sharing some valuable insights on how we overcame the biggest challenges we faced, including how we were able to get the property value adjusted by $500k, resulting in significant tax savings of about $10k per year for the next 24 years.

We'll also be discussing the importance of leveraging communication and seeking help when necessary as we share our firsthand experience of finding the right contractors, reaching out to the right offices, and navigating the complexities of conducting due diligence.

Join us as we dive into the world of property acquisition and share some valuable lessons we learned along the way.

Who is Kenny Johnson?

Kenny Johnson is a dedicated real estate investor and entrepreneur based in Greenville, South Carolina. He is the co-founder of East West Property Solutions, a real estate investment company that he established with his wife in 2019 to help buyers and sellers in the Greenville and surrounding upstate area.

As a local real estate investor, Kenny buys, holds, and sells properties in any condition and offers fair price offers through traditional or non-traditional financing terms. He understands that the term "real estate investor" can often carry a negative connotation, so he and his wife strive to be friendly and honest with everyone they work with. They treat their clients exactly how they would want to be treated themselves.

Connect with Kenny:

Instagram: https://www.instagram.com/eastwest864/ 

Website: https://eastwestpropertysolutions.com/ 
Who is John Laine?

John Laine started his entrepreneurial journey at the age of 11 when he and his twin brother created a "chain" of three Kool-Aid stands on the Army base where they grew up. Their little venture brought in $200 a month, which was a significant amount for their family at the time. 

Despite facing a serious health challenge in 2001 when he was diagnosed with a brain tumor, John persevered and found a new path in real estate investing. He attended a 5-day "Boot Camp" and learned the basics of "no money down" real estate investing, and eventually became successful in flipping houses. 

When the real estate market crashed in 2008-2009, John and his partners amassed $77M in assets and controlled 429 properties. 

Despite his long-term symptoms, John now lives a comfortable, happy, and fulfilled life.

Connect with John:

Website: http://www.ratracerescue.net/ 

Email: [email protected] 

LinkedIn: https://www.linkedin.com/in/john-laine-ratracerescue 

Connect with Austin:

LinkedIn: https://www.linkedin.com/in/austin-ou-wang/ 

Instagram: https://www.instagram.com/austin_wang8/ 

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 
Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/

Today, we have a special treat for you as we're joined by two of Austin's business partners, John Laine and Kenny Johnson, with Kenny hosting today's show. 

In this episode, they'll take us through the intricacies of conducting due diligence on property acquisition, specifically on a new deal they are working on together. They'll share their insights on learning the market, calling contractors, and conducting a thorough inspection, among other essential steps in the process. 

Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights and practical tips to help you make informed decisions in your real estate endeavors. So, tune in as John and Austin share their experience, and uncover strategies and best practices for doing your homework on property acquisition.

Who is John Laine?

John Laine started his entrepreneurial journey at the age of 11 when he and his twin brother created a "chain" of three Kool-Aid stands on the Army base where they grew up. Their little venture brought in $200 a month, which was a significant amount for their family at the time. 

Despite facing a serious health challenge in 2001 when he was diagnosed with a brain tumor, John persevered and found a new path in real estate investing. He attended a 5-day "Boot Camp" and learned the basics of "no money down" real estate investing, and eventually became successful in flipping houses. 

By the time the real estate market crashed in 2008-2009, John and his partners amassed $77M in assets and controlled 429 properties. 

Despite his long-term symptoms, John now lives a comfortable, happy, and fulfilled life.

Connect with John:

Website: http://www.ratracerescue.net/ 

Email: [email protected] 

LinkedIn: https://www.linkedin.com/in/john-laine-ratracerescue

Who is Kenny Johnson?

Kenny Johnson is a dedicated real estate investor and entrepreneur based in Greenville, South Carolina. He is the co-founder of East West Property Solutions, a real estate investment company that he established with his wife in 2019 to help buyers and sellers in the Greenville and surrounding upstate area.

As a local real estate investor, Kenny buys, holds, and sells properties in any condition and offers fair price offers through traditional or non-traditional financing terms. He understands that the term "real estate investor" can often carry a negative connotation, so he and his wife strive to be friendly and honest with everyone they work with. They treat their clients exactly how they would want to be treated themselves.

Connect with Kenny:

Instagram: ⁠https://www.instagram.com/eastwest864/⁠ 

Website: ⁠https://eastwestpropertysolutions.com/⁠ 

Connect with Austin:

LinkedIn: https://www.linkedin.com/in/austin-ou-wang/ 

Instagram: https://www.instagram.com/austin_wang8/

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/ 

Listen in as he shares how he overcame the mindset that debt was always bad and what motivated him to follow his dreams of becoming an investor.

Who is Jim Lee?

Jim Lee was born in Taiwan and moved to the United States when he was 11. After graduating from UCLA with a B.S. in Economics in 2010, he worked at LoopNet/Costar as an inside sales representative. He learned the value of passive income and the potential of real estate to create substantial wealth during his time there. Soon after, he purchased his first investment property with the guidance of his mentor.

Now, he uses real estate syndication to give investors freedom and profit. Jim is the Principal & Managing Partner of Formosa Investing, a firm that helps its clients build financial independence with passive real estate investments.

His humble upbringing drives him to provide for his loved ones and repay those who support him.

Connect with Jim:

Email: [email protected]

Website: https://formosainvesting.com/

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

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

Facebook: https://www.facebook.com/formosainvesting

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/ 

We are excited to welcome today’s guest, The Immigrant Millionaire, Maricela Soberanes. Maricela talks about how she initially came to the US to learn English, ventured into real estate investing, and now has a company with a $100M portfolio under management.

Maricela’s business degree and experience as an accountant assistant in Mexico came in handy in understanding the principles of managing finances, and learning from the CPAs that she consulted on US taxation and investing laws to grow her business. She shares her strategies in real estate syndication, cost segregation study, scaling their business, establishing SOPs, starting a coaching business, and many more.

Tune in to this episode to learn some powerful tips to help you scale up your business and save massively on taxes.

Who is Maricela Soberanes?

Maricela began her real estate investing career in Austin, Texas, in 2006. Before she became a full-time syndicator, she built a profitable rental portfolio. She's a medical missionary to developing countries, a self-published author, and a Navy veteran.

Maricela is a Principal at UpFlex Multifamily Investments, a reputable investment firm that conducts thorough due diligence on investment opportunities, prepares SEC filings, establishes contracts, reviews vendor contracts, and provides related services.

In addition, Maricela is also a co-founder of Xcelerated Biz Coaching, a virtual assistant agency that hires and trains virtual assistants to help small businesses scale.

Maricela holds a business degree and has been operating a thriving medical service business since 2015.

Connect with Maricela:

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

Link: https://linktr.ee/upplexrentals?fbclid=PAAaZaiUQmDhq7Nq0QC3qyzCo8zhHjtdgX9QYWO9TtmNxAHoznZ9BtWFkO624

Email: [email protected]

In today’s episode, our special guest is Kunal Dewan, who shares his 20-year story of migrating to the US and establishing a successful company in the multifamily syndication sector. He describes his journey from his first $2,500 investment to the multiple 7-figure revenue company they have now.

Kunal came to the US after receiving a full scholarship to a Masters's program. After finishing his education, he worked as a structural engineer, even during the recession in 2008. When he was about to be married, he realized he needed more than just a W-2 to grow financially and create wealth for his family.

Kunal said his first business, before real estate, was preparing taxes, for which he hired people to help him. He then transitioned to investing in real estate and saved on taxes. He briefly touched on tax brackets, retirement accounts, 401(k), syndication, side businesses, entity formations, and more. 

His and his wife's first real estate investment was buying a condo around the time that they purchased a foreclosed property for their first home. He talks about how they made it work, especially when they bought a property in Pasadena, a premium neighborhood.

Kunal experienced a shift in mindset when they had their first child. He realized that his time was more valuable now and he was paying for his investments with his precious time. This realization led him to switch to multifamily syndication, so he did not have to manage the properties directly and be able enjoy the passive income.

Who is Kunal Dewan?

Kunal Dewan is the CEO of Liberty Capitus, a private equity company well-known for its carefully crafted investment opportunities for passive investors. 

He is also the President of Liberty Tax.

Kunal is an engineer by education, an entrepreneur by choice, and real estate investor by passion. His goal is to help families invest passively in apartments and multifamily properties through syndication and earn, not just money, but time for parents to spend with their families. 

Connect with Kunal:

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

Facebook: https://www.facebook.com/dewan.kunal 

Email: [email protected] 

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/ 

We are excited to share another information-packed episode, this time on multifamily syndication, with Anna Tan. The Tans have been in the real estate business for over a decade, and today, you will hear how they started and scaled their business. 

Anna's first real estate property was a wedding gift from her parents, both Vietnamese immigrants who started in real estate by buying a house with their savings and renting it out. She and her husband opted to rent out the kind gift and stayed with her parents for a few years.

While they learned many lessons from operating a single-family property, Anna and her husband realized they could do more. After doing their due diligence, Anna was the first to jump in and sign the PPM for their first multifamily investment as a limited partner. She shared that syndication allowed them to scale bigger and faster. They borrow money at a low or reasonable interest and use that to acquire a large property with a higher return on investment.  Obtaining a loan addresses the main barrier to entry in this type of investment: a large capital. She emphasizes the importance of understanding the underwriting and asking questions before investing.

Anna also discusses what they do after making the investment, which includes meeting with the property manager weekly or biweekly and focusing on marketing to increase traffic, hot leads, and occupancy. She also contrasts single-family and multifamily investments and discusses what they did to become more educated and efficient investors who are expanding their overall portfolio.

Who is Anna Tan?

Anna Tan is the Principal of SuiteLifeMF, LLC, founded to empower, educate and provide wealth-building opportunities to our friends and family.

The Tans have acquired, invested, and operated real estate for over 10+ years, with a recent focus on commercial real estate.

Within the first year of operations, the SuiteLifeMF portfolio has amassed $100MM assets under management and over 900 units.

Connect with Anna:

LinkedIn: https://www.linkedin.com/in/annale174 

Website: https://suitelifemf.com

Sign up, become a member of the SuiteLifeMF community, and receive investment opportunities. Start with this free guide: https://www.suitelifemf.com/freeguide 

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/ 

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/ 

This week, we are joined by Cristobal Jimenez Priego with his immigration story and the challenges he faced before he started being able to invest in real estate. He started his journey in 2007, a year after college when he was hired by a professional services company in Northern California.

Cristobal started his investments in residential real estate, which he was pushed to get into because of the high cost of living and rent in California.

Near the end of the episode, Cristobal comments on the importance of investing in oneself, as he had done when he joined a mastermind and took action.

Learn more about the details of how Cristobal leveraged his existing properties to take out loans and invest in more properties.

Who is Cristobal Jimenez Priego?

Cristobal Jimenez Priego immigrated to the US when he was twenty-four in 2007. He struggled to get by during his first two years in California. Cristobal married his soul mate in August 2009.

Cristobal has developed an impressive reputation for technical expertise in the IT industry and efficient business management. His career has been marked by initiating projects, following through on commitments, fulfilling executions, and achieving ambitious success metrics.

He is the founder of Kharis Holdings Group, which partners with real estate investors looking to invest in real estate minus the hassle of property management.

Connect with Cristobal:

Twitter: https://twitter.com/cjpriego

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

Website: http://www.khg-inc.com

Youtube: http://www.youtube.com/@cjpriego

Email: [email protected] or [email protected]

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Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/

We had a great time and got a ton of value from Sue Bodine today on Neuro-linguistic programming (NLP) and the importance of your mindset about money and building wealth. Your mindset affects your decision-making and the risks you take in your real estate investments and other businesses. Sue shared a bit about her past, where she came from, her struggles as an immigrant, and the environment in which she grew up. She had a traumatic childhood and had low self-worth because of abuse. Despite that, Sue overcame her inner conflict and limiting beliefs. She shares how NLP helped her change her outlook, rise from her past, and achieve her goals as a real estate investor. We also talk about how her NLP coaching is helping her clients realize their identity and adjust their relationship with money to reach their business goals.

Who is Sue Bodine?

Sue is a real estate investor and certified NLP success coach for real estate entrepreneurs. She specializes in helping her clients find work-life balance, get unstuck, improve performance, and build financially-rewarding lives. She is the founder of the "Success Brain" program.

Sue helps real estate entrepreneurs who feel stuck in their business know that mindset is critical to their success in creating financial wealth.

She empowers entrepreneurial-minded professionals, athletes, executives, and business owners to hack their minds to have unshakable confidence and clarity to get results.

Sue is passionate about helping her clients identify and destroy their invisible enemies, such as self-doubt, anxiety, and limiting beliefs, that prevent a person from living on their terms. She designed a system to manage time, achieve goals, and help eliminate stress and overwhelm.

TRAINING

AIP Certified Integrative Coach

Master Practitioner of NLP (Neuro-linguistic Programming)

Master Practitioner of MER (Mental & Emotional Release)

Master Practitioner of Hypnotherapy

EDUCATION

Masters in Business Administration

Bachelor of Science, Computer Information System

Download the FREE guide to identifying your limiting beliefs here:

https://www.sbpathfinder.com/10-questions-dentifylimitingbeliefs

Connect with Sue:

Website: http://sbpathfinder.com

E-mail: [email protected]

Linkedin: http://www.linkedin.com/in/suebodinepathfinder

Facebook: https://www.facebook.com/CoachSueBodine

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

Twitter: https://twitter.com/PathfinderSb

TikTok: coachsueb

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Follow First Gen Mastery for more empowering stories of financial abundance and freedom through real estate investments.

Austin Wang (host): https://www.linkedin.com/in/austin-ou-wang/

Aman Shahi (host): https://www.linkedin.com/in/amanshahi1993/