Get Leveraged

The past two years have been quite a ride, especially with the Covid-19 hit. Now that we have conquered the challenges and hurdles thrown at us due to circumstances brought by the pandemic, we continue to keep moving forward and prepare ourselves for the upcoming battles that await us.

[00:01 – 10:13] Market Update

• How to spot the signs that it’s time to move forward
• We talk about Inflation and the recent Tax Code changes and how this will affect investors

[10:14 – 14:58] Become Recession Proof

• Become recession-proof by partnering with us!
• Why brokers bring off-market deals to us

[14:59 – 24:26] Inflation and Budgeting

• Is inflation good for real estate investors?
• How inflation will affect the market, home buyers, renters, and investors.

[24:27 – 31:28] Closing Segment

• We talk about the 1031 Exchange and Passive Losses
• Why investors should take advantage of this time to start making their moves
• Final thoughts

Tweetable Quotes:

“Why wait for taxes to go up when you can offset [your] gains with some amazing losses.” – Sam Newell

Connect with Michael and Princeton Pacific Properties at https://www.princetonpacific.com/

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What is Cost Segregation? Do you need to get one? What will it do for you? Many people still don’t know what cost segregation is and have many questions surrounding it.

I’m not a cost segregation expert, but all I can say is we hire professionals to do a cost segregation study for every deal that we get in the MFIClub. In this episode, I discuss some of the benefits that we and other real estate owners and investors enjoy by having a cost segregation study for their real estate investments.

Resources Mentioned:

• Madison SPECS - https://madisonspecs.com/
• Yonah Weiss - https://www.linkedin.com/in/cost-segregation-yonah-weiss

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In this episode, we bring in Grace Tsang, Broker Associate, Intero Top Producer, and Silicon Valley Expert. Grace is a San Francisco Bay Area top-producing real estate agent and a luxury home marketing specialist.

Grace's true passion is to help clients make smart real estate decisions that positively transform their lives and build long-term wealth. She has an extensive background in real estate sales, real estate investment, business, and technology from her previous career in software and her formal education.

On this episode:

• Grace talks about how their real estate company is doing a year after the pandemic hit
• How to prepare for situations similar to the effects that the pandemic had on real estate
• Secure a high Operating Capital
• The CapEx Reserved Budget
• Protecting your investors from risks

Tweetable Quotes:

"Having the investors interests in mind is important, but like you said, we are dealing with families with kids, that this is their home, and we need to do the right thing when something happens to make sure they are taken care of." – Grace Tsang

Learn more about Grace by visiting her website https://gracetsang.agent.intero.com/

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Michael Young started grinding hard during his college years and learned to take over the family business while also selling real estate full time at a high level. Michael and his father did extremely well building and developing mobile home parks in Northern California. Michael used this experience as a stepping stone to building his empire to what it is now today, a thriving real estate sales business in the North San Francisco Bay area and multimillion-dollar multifamily rental property firm with 500+ doors.

In this episode, we do a recap of the year 2020. A year full of struggles, uncertainties, failed businesses, and more. We share our stories of success and overcoming the hurdles brought by Covid.

[00:01 – 05:09] Opening Segment

• Going through hundreds of deals physically and virtually since 2019
• Choose deals that:
• Is going to cashflow in any situation
• Will let you sleep at night, not having to worry about risks

[05:10 – 11:55] Cash Flow is King

• Why is cash flow very important?
• Create a conservative business model
• We are not GAMBLERS. Real estate is not a get-rich-quick scheme. 

[11:56 – 26:47] 2020 Recap

• We talk about the crazy things that happened for our businesses
• How we were able to become “Recession Proof” in this Covid season
• Surround yourself with the best of the best
• Working our ass off to fight for a deal in El Paso

[26:48 – 38:19] Conservative Investing

• Why being a smart and conservative investor is important
• Don’t be greedy
• Securing a conservative but fairly profitable deal over a high-risk, high-reward deal

[38:20 – 42:36] Closing Segment

• Goals for 2021
• Final words of advice from Michael

Tweetable Quotes:

“Once you pull the trigger on your own deals, you really don’t want to have a lot of surprises.” – Michael Young 

“You’re only as good as your team.” – Michael Young

“You have to have a very, very clear, crystal clear vision of what you want and what your goals are and what you want to accept.” – Michael Young

Connect with Michael and Princeton Pacific Properties at https://www.princetonpacific.com/

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Scott Krone is the Founder of CODA Management based in Chicago, IL. They partner with investors to find and convert warehouses and office buildings into climate-controlled, self-storage facilities. CODA has over 47 syndications and 400,000 sq. ft with 2,750 storage units under management.

Today, Scott shares where he finds opportunities, his criteria, and tips for working with local officials.

[00:01 – 07:10] Opening Segment

• I introduce and welcome our guest, Scott Krone
• Mistakes people make when buying distressed real estate properties or any type of real estate in general
• How to find deals below the market price
• Finding distressed real estate assets
• How to identify if a distressed asset is worth buying

[07:11 – 22:06] Self-Storage Facilities

• Scott talks about how they generate income through their self-storage facilities
• He shares how he discovered the opportunities in self-storage facilities
• Self-storage’s recession-resistant capabilities

[22:07 – 25:43] Generating Income vs. Building Wealth

• The misconceptions that real estate is a “get rich quick scheme”
• We talk about “generating income vs. building wealth”

[25:44 – 42:29] Self-Storage Facilities (Continued)

• What type of actual shell or type of building has performed better for you?
• Scott shares the process of converting assets into storages
• Why self-storages are essential

[42:30 – 51:33] Opportunity Zones

• Scott talks about opportunity zones
• Scott’s advice on opportunity zones
• Scott shares a story from when he visited Singapore

[51:34 – 56:55] Closing Segment

• Scott talks about his “why?”
• Scott’s final thoughts and words of wisdom for the listeners
• Get in touch with Scott. See the links below.

Tweetable Quotes:

“Everything is for sale at the right price.” – Scott Krone

“The best time to sell is when you don’t have to. You have the most leverage cause you can just walk away from the offer.” – Scott Krone

Get in touch with Scott through LinkedIn or their website https://www.codamg.com/

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Jose Luiz Morales started his real estate career by acquiring his license in 2010 and diving into the market in 2011. Jose founded the Morales Real Estate Group, and they are the #1 realtors in Ventura County. He is also an agent under RE/MAX Gold Coast since 2016. Jose believes that in every market, there is an opportunity. You just have to have the right mindset and look at where sometimes people don’t see opportunities.

[00:01 – 10:08] Opening Segment

• Jose talks about his real estate background
• He shares about his goals
• Jose shares the story of acquiring his dream apartment complex

[10:09 – 21:34] Apartment Complexes

• Jose talks about his plans for the apartment complex
• Expanding and his visions for his career

[21:35 – 28:30] Conquering the Pandemic

• Jose talks about his real estate business
• The mindset shifts
• The current state amidst the pandemic

[28:31 – 36:43] Closing Segment

• A day in the life of Jose
• He shares about his daily routine.
• Jose talks about his family.
• Get in touch with Jose. See the links below.
• Final thoughts

Tweetable Quotes:

“For people that think that there’s no opportunity in their market, I would say that sometimes it’s a mindset thing and just kind of like looking and seeing opportunities sometimes where others don’t see opportunity.” – Jose L. Morales

Resources Mentioned:

• Mike Ferry Coaching
• Crushing It in Apartments and Commercial Real Estate by Brian Murray
• Multifamily Millions by David Lindahl 

Follow Jose on Instagram @joseluizmorales 

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Join us for a special episode as we bring in our guest, Scott Barrus, owner of the Spinner Fall Guide Service, a fly fishing service in the Green River. Today’s topic is all about fly fishing with a touch of entrepreneurship. Hear why the Green River is one of the top amazing fishing destinations on the west coast, and stay tuned as Scott walks us through the fly fishing experience.

[00:01 – 03:45] Opening Segment

• Scott talks about his background and his business, Spinner Fall Guide Service
• Been a fly fishing guide since 1999
• Fly fishing service in the green river

[03:46 – 08:42] The Green River

• The Green River - one of the top Trout fishing rivers on the west coast
• Scott talks about the beauty of the Green River and why they have continued to fish there for 20 years

[08:43 – 19:39] The Fly Fishing Experience

• Scott shares how he got into fly fishing.
• Growing up in a family of fishers
• Scott talks about his first fly fishing trip in the Green River.
• Are you interested in booking a fly fishing trip? Hear Scott’s tips for you!
• What to expect in a fly fishing trip with the Spinner Fall Guides

[19:40 – 24:59] Closing Segment

• Resuming their business after the Corona Virus hit
• The best time to book a fly fishing trip
• Final thoughts and other fly fishing tips from Scott

Tweetable Quotes:

“I grew up fishing out as a kid --- and since I was 3 years old, fishing has been my favorite thing to do.” – Scott Barrus

Book your fly fishing trip with Spinner Fall Guide Service, visit their website at https://www.spinnerfall.com/ or call them at 877-811-FISH

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Anna Kelley started her real estate journey by buying and doing their first flip together with her husband. After that first flip, they decided to stop doing flips and focused on rental properties. While having a full-time job and with her husband starting his chiropractic business, Anna slowly built up their real estate portfolio on the side. Fast-forward, she finally pulled the trigger and retired from her 9 to 5 job to fully commit to real estate investing. Today, Anna is called the ReiMom, a Real Estate Investor, Mom, Speaker, Coach, Mentor, and Syndicator.

[00:01- 12:32] Anna’s Story

• Anna talks about her background and shares their family’s story.
• How they got started in real estate
• The transition from her 9 to 5 job
• Anna talks about the first flip they made
• Why her husband said, “no more flips.” 
• Moving to Pennsylvania

[12:33 – 32:20] Become Recession Proof

• The 2008 Recession – how it affected Anna
• Buying her first 4-plex with her income at risk during the 2008 recession
• Anna talks about her struggles during the recession
• Learning resilience, creativity, and never taking NO for an answer
• Trying to create cash with no money
• Learning through their experiences during the recession and becoming recession-proof
• Anna talks about the lessons she learned and shares tips you can use

[32:20 – 48:36] Retirement

• Building up her portfolio and retiring from her 9 to 5 job
• Anna shares the process of focusing on her family and real estate career
• Would you suggest to someone to start with a duplex or 4-plex or bigger complexes?
• Anna weighs in on doing deals with partners and syndications
• It doesn’t make sense on doing small deals
• Creating generational wealth
• What is the right size for your first deal?

[48:37 – 59:49] Closing Segment

• Having a recession resilient, recession-proof portfolio
• How they’re managing through the COVID pandemic
• Final thoughts for the listeners:
• “This is the time to really get educated.”
• Connect with Anna. See the links below.

Tweetable Quotes:

“Location, location, location is really important.” – Anna Kelley

“You have to balance your risk tolerance with the risk of using up your cash and what if something happens.” – Anna Kelley

“Align yourself with people that do have grit and money and creativity.” – Anna Kelley

“My best advice in getting through a recession is just learn, do it. Jump over the hurdles and align yourself with really good people that can get you where you need to go.” – Anna Kelley

You can connect with Anna and join her coaching program by sending her an email at [email protected] or visiting her website https://reimom.com/. 

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Powell Chee is a real estate investor and multifamily syndicator partnering with interested investors who are focused on acquiring cash-flowing properties and forcing short term appreciation.

Powell specializes in multifamily syndications with experience and skills in portfolio strategy, market & property analysis, long-distance acquisitions, asset management, network management, selective financing, and raising capital. In Los Angeles, he leads the fast-growing multifamily meetup group, the MultiFamilyMasters.com

[00:01 – 12:23] Powell’s Real Estate Journey

• Powell talks about his real estate background
• Buying his first apartment in Indianapolis
• The power of expanding your network and partnering with people
• Scalability
• The THREE major components of a syndication
• Acquisition
• Raising Capital
• Asset Management
• Figuring out what you’re good and bad at

[12:24 – 25:27] Juggling Through Jobs

• Powell talks about how he is managing to have a full-time job while investing in real estate.
• Powell shares the mistakes he made throughout his journey. Listen and learn from his mistakes!
• What is “Secret Shopping Properties?”

[25:28 – 33:12] Moving Up the Ladder

• Are you interested in investing in bigger unit properties and don’t know where to start? Here are Powell’s tips and advice for you!
• Find strategic partners
• Educating yourself

[33:13 – 39:34] Closing Segment

• Powell talks about his 15-year-old self
• We talk about Grant Cardone’s book, Sell or Be Sold.
• Final thoughts

Tweetable Quotes:

“Scaling is just gonna be partnering with the right people who are skilled in other facets. And then you let them really drive that part of it, and you yourself drive what you’re good at.” – Powell Chee

“Everybody has this kind of a distinct advantage of what can make them be successful –- you just got to find that whatever it is in your job that helps you be successful and use that moving forward.” – Powell Chee

Interested in joining Powell’s meetup? Visit their website https://multifamilymasters.com/ now! You can also send him an email at [email protected]

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Mo Bina is the Managing Principal and Founder of High-Rise Capital. He set up his company to help clients invest in passive income opportunities. He loves helping others learn about commercial real estate and how this unique asset class can help them reach financial freedom and create generational wealth. He and the Team at High-Rise Capital provide investors with strategic and innovative educational content. 

High-Rise Capital was founded to help clients generate passive income and grow their wealth through commercial real estate investments. These investments have many attractive benefits, such as higher returns and lower volatility as compared to stocks, bonds, and REITs. In addition, investments in commercial real estate have other advantages such as tax benefits, inflation hedge, appreciation, and principal pay down. For these reasons, the Team at High-Rise Capital is excited to educate people about commercial real estate and how this unique asset class can help them obtain financial freedom and create generational wealth.

[00:01- 14:27] Sam’s journey

• Providing quality, affordable homes
• Sam talks about his current real estate ventures
• People deserve to have a safe, clean, and functional home
• When you’re investing, you have to do your homework and understand what you’re buying.

[14:28 – 27:45] Assisted Living

• Sam talks about investing in assisted living
• What is assisted living?
• Choosing between ‘smart’ or ‘hard-working’ people
• Sam talks about what type of people you should be working and partnering with.

[27:46 - 37:41] Closing Segment

• Looking at deals with a 5 to 7-year horizon and real estate being an illiquid asset
• Educating and helping other people understand commercial real estate
• Launching High-Rise Capital. Visit their website now, and get a free copy of his eBook!

Tweetable Quotes:

“At some point, people are going somewhere. So, when they go somewhere, that’s gonna create a need for housing. It’s gonna create a need for what we call shelter on a basic level. They deserve to have safe, clean, and functional homes to live in.” – Mo Bina

“Everyone wants to have talent, and some people have, you know, are gifted in terms of being able to pick up certain things faster than others. But you know, working hard and having a good work ethic can make up for a lot or in fact more than a lot.” – Mo Bina

You can connect with Mo on their website, https://www.high-risecapital.com/. Grab a copy of his eBook, “More Doors, More Profits” at https://www.high-risecapital.com/resources-index.

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