Get Leveraged

Jason Trindade, founder of PlugRE.com, is also the CEO of King of Condos and IKing Realty which holds real estate brokerage licenses in 4 states. As a licensed broker, PlugRE.com is able to connect with various data sources including county records and local MLS boards. Their proprietary database currently has over 2.5 Million Records and it is quickly growing in size.

On This Episode:

• Jason explains why he believes experiences in life are more important than anything.
• Hear how Jason got started in hotels, and the 180 degree change he made at his first property.
• Learn practical, tactical advice for investing in hotels.
• Find out how Jason’s hotel implemented a program to help the homeless.

Key Takeaways:

1. When beginning in the business, offer your time and services as an apprentice.
2. Give yourself extra time to determine what to do with an asset.
3. Find ways to give back.

Support Jason's Homeless Outreach:

paypal: [email protected]

Yonah Weiss is Regional Business Director of Madison SPECS, a division of Madison Commercial Real Estate Services. Renowned for his knowledge in cost segregation, Mr. Weiss is a sought after resource throughout the Commercial Real Estate industry.

In addition to having saved his clients tens of millions of dollars in taxes, Mr. Weiss uses his unique ability to interact and connect with professionals and the layman alike to build strategic partnerships in the marketplace, creating win-win situations for all.

Mr. Weiss has hosted, or been a guest, on dozens of podcasts discussing the details of the cost segregation process, and the benefits for investors and owners of real estate. He has also authored numerous articles for industry publications and, as an expert in LinkedIn Networking, he has mentored dozens in the practice of using the platform as a springboard to accelerate business opportunities.

Mr. Weiss graduated in 2002 with a BA from San Diego University and is active as a volunteer in numerous non-profit and charity organizations.

On This Episode:

• Yonah shares how he transitioned from teaching to real estate.
• Hear how Yonah helps businesses get increased tax benefits through cost segregation.
• Learn what asset class gets the most deductions.

Key Takeaways:

1. Don't give the IRS money that is rightfully yours.
2. The government incentivizes real estate investments.
3. Look for value adds that can improve the overall worth of your property.

Recommended Resource:

Tax Free Wealth: https://amzn.to/3g76gRw

Yonah Weiss:

MadisonSpecs.com

linkedin.com/in/cost-segregation-yonah-weiss

[email protected]

Jarom Jordan has been the co-host of BYU Sports Nation since its genesis in 2013. Jordan is also in his 11th season as play-by-play of the men’s volleyball team and currently produces four programs: Countdown to Kickoff, the BYUtv Sports Post-game, BYU Football with Kalani Sitake, and BYU Basketball with Dave Rose. 

Jordan is from West Jordan, Utah where he graduated from Copper Hills High School in 2002 and later from BYU in 2009. He is married to Whitney Craft and has a daughter, Venna and a son, Tate.

On This Episode:

• Jarom shares how he got into sports broadcasting
• Sam and Jarom discuss their time at BYU and the world and religion history classes they took together.
• Sam reminisces about his dad’s time as a football player.
• Jarom shares how COVID impacted the sports industry.

Key Takeaways:

• Work hard and be ready when someone gives you a chance.
• Luck rewards the prepared.
• You must be ready to adapt to change.

Jarom Jordan

https://www.instagram.com/jaromjordan/

Ivan Barratt is a multifamily unit owner and syndicator who specializes in FHA and Agency-financed projects. Since 2015, Ivan Barratt has raised nearly $60 million in equity, acquired over 2,500 units and grown Barratt Asset Management (BAM) to a best-in-class; vertically integrated, asset and property management firm. Today, Ivan focuses his time on equity finance, acquisitions and company strategy. Currently, his companies manage well over $250 million in assets, comprising nearly 3,500 units.

On This Episode:

• Sam and Ivan discuss what success means to them.
• Get the secret to business success.
• Find out how Ivan became involved with real estate during the worst point of the recession.
• Learn how to build an anti-fragile business.

Key Takeaways:

1. Money isn’t enough if you’re sacrificing everything else that is important.
2. Be willing to work to learn and not earn.
3. Managing people is way harder than real estate.

Tweetable Quotes;

• If your company is getting larger and you’re not having more fun, you might be doing it wrong.
• It’s harder to develop work ethic than skill.

Ivan Barratt:

• https://www.ivanbarratt.com/
• 317-762-2625

Grace Tsang aims to provide you with Real Estate and Non-Real Estate related information in and around Silicon Valley.

On This Episode:

• Grace shares her slow journey out of software into real estate.
• Learn how to find the perfect work life balance.
• Hear the value that an immigrant perspective has brought to grace.
• Find out how investing can open the door to immense freedom.
• Sam and Grace discuss how to achieve both income and appreciation with an investment.

Key Takeaways:

1. Real estate investments help bring the cash flow needed for stability.
2. Real estate creates more opportunities for free time with family.
3. Set your properties up under a series LLC to protect yourself from risk.

Tweetable Quotes;

• “If I feel like I need a gun to collect rent, that’s probably a location I don’t want to buy in.
• "Every high producer needs a coach."

Grace Tsang

• https://www.facebook.com/gracetsangrealestate
• 408.480.9312
• [email protected]

Mike is originally from the Chicago area and relocated to Southwest Florida in 1987.

He is the proud father of two sons; Andrew who works beside him on the team as a Listing and Buyer Specialist; and Matthew who is a paramedic in Lee County.

Real Estate is literally Mike’s life! It is all he has ever done since college 30 years ago.

Mike prospects daily Buyer and Sellers. He also maintains ongoing with his clients to ensure that they remain in a strong market position and move toward achieving their real estate goals.

When Mike isn’t out selling, you can often find him and his wife on their boat. He has been a boater his entire life and particularly enjoys excursions to The Keys and The Bahamas.

On This Episode:

• Learn how Mike’s team GAINED marketshare during COVID-19.
• Hear Mike’s goals for putting his cashflow to work
• Sam and Mike discuss the risks of the real estate industry.

Key Takeaways:

1. Don’t trade time for dollars.
2. Look for ways to “botox” your property and increase cashflow.
3. Multi-family is the MOST recession proof investment.

Tweetable Quotes;

• “Unless a signature is involved, I’m done at 5:00." – Mike Darda

Mike Darda

• [email protected]
• 239.542.2822

Michael Burns is a Real Estate Agent with Equity Real Estate & Owner of ATM Real Estate Solutions LLC; a Real Estate Investment company.

On This Episode:

• Find out how Michael became interested in real estate.
• Michael shares that it took 94 offers for Michael to hit his first deal.
• Listen to Michael explain how he made 24k on his first flip and lost4 8,500 on his second flip.
• Find out how to get an offer accepted without ticking off your investor or your seller.

Key Takeaways:

1. You have to sell the listing agent on your offer first and foremost.
2. Without a deal, you can’t go any further.
3. Be calculated and conservative so you can avoid being affected by the next recession.

Michael Burns:

• 801-999-4260

Kyle Stanley is the host of The Fearless Investor Podcast. He helps people learn investing strategies like AirBnB, real estate, and much more! He's been an AirBnB host for 5 years and has been a real estate investor since 2018. Kyle loves bringing savvy investors onto his show so his audience can learn from them.

On This Episode:

• Sam and Kyle discuss the potential recession.
• Kyle shares how he quickly built up to $15k per month through AirBnB.
• Hear a simple breakdown of rental arbitrage.
• Find out how much time you can expect to put into Airbnb when it’s managed properly.

Key Takeaways:

1. Look for Airbnbs that are going to make you 2.5-3x the rent.
2. Try to find things to do that feed your soul, and outsource the rest.
3. Create a business that can survive beyond you.

Tweetable Quotes:

When you are on the frontline, it’s not passive income, it’s active income.

Kyle Stanley:

• https://fearlessflipping.com/airbnbhost/

Kenny has been investing in multi-family real estate since 2010. Soon after, he co-founded Wolfe Investments (originally Wolfe RE Mgmt) in 2012. He has been involved in over $130MM+ worth of commercial real estate transactions throughout Texas, Colorado, Louisiana, Oklahoma, and Ohio. Kenny is passionate about ensuring the success of every investment for his loyal investors. Prior to co-founding Wolfe Investments, he served as CFO for Twin Cities Development, LP. Kenny has a BBA from Baylor University and an MBA from the University of Texas at Arlington. When he's not scouting for new deals, he enjoys discovering new vegan restaurants, rooting on the Broncos, and spending time with his wife kids.

On This Episode:

• Kenny shares about the deals he’s working and the last.
• Sam and Kenny discuss how to keep investors happy when building deals.
• Sam shares the one word he teaches every underwriter he trains.

Key Takeaways:

1. Mitigate your risk of vacancy by having economies of scale.
2. Larger properties or building a direct partnership can help you have more leverage with your third party management company.
3. Don’t fall in love with every prospect.

Kenny Wolfe

• MFInvestorNetwork.com
• Wolfe-investments.com

Mr. Smock has held multiple positions as Managing Director, Regional Manager, and RVP. He has also raised multiple short-term loan funds from 2002-2007, an opportunity & value-add fund from 2007-2015 to pursue broken projects, NPL’s & REO’s, along with large non-performing portfolios in the Western US MSA’s, while managing multiple value-add projects for two family offices in Europe.

Mr. Smock has been involved with the acquisition and development of Traverse Mountain; one of the largest Master Planned Communities in Utah. He acquired the master-note in 2010 through a participation agreement with Far West Bank (AWB). Mr. Smock took possession of the development with his partners, raised the capital through family offices and HNW investors, while redesigning and re-platting the residential communities, commercial & retail site plan, along with redesigning the multifamily sites. He also improved and re-engineered the site, provided the LIDAR mapping, architectural and issued an approved site plan to Lehi City for 1.5M SF of class A office and 300,000SF of Retail on the 120Acre commercial parcel, while securing multiple retail leases. In addition, he secured & leased 216,000SF of class A office building to the first national credit tenant Xactware-Verisk Analytics, while preparing for additional leasing opportunities with additional tech firms for building two. It is anticipated that the total build-out value of the project is estimated at $1.2Billion.

Among other recent notable projects, Mr. Smock recently worked in Switzerland and France for two family office and a group of “UHNW club investors” to acquire, renovate and stabilize class A office, multifamily and student housing real estate projects totaling approximately 134M CHF. Mr. Smock oversaw the financing, underwriting, renovations, lease-up and stabilization of the portfolio. In addition, he has also funded other commercial development projects and master planned communities such as Hideout Canyon near park city, the Ledges phase 1&2 in Saint George, and a $117M distressed 6,220 unit multifamily portfolio in Texas. In 2010-2013 Mr. Smock acquired, renovated and sold over 140 residential REO’s in Nevada, Arizona, Utah and Indiana totaling $26Million.

In addition to these projects, Mr. Smock has developed & funded multiple residential and commercial office developments while providing short-term and long-term bank financing with Nation West Capital for multiple development projects in Arizona, Idaho, Nevada and Utah, with total funding over $260M. Mr. Smock has been involved with Real Estate Investment Securities Association (now ADISA), ICSCRECON, Urban Land Institute (ULI), Real Estate Investment Association (REIA), HBA (AZ, UT, NV, ID), Economic Development Association (EDA), National Bankers Association (NB), MLA, and has a AA & BA from BYU and UVU. Mr. Smock is also a certified underwriter and has participated in multiple development counsels, boards and loan committees.

On This Episode:

• Matt shares about his early experiences doing lending.
• Sam and Matt discuss their favorite areas to invest in Utah currently.
• Learn how lending has changed since 2008.
• Hear what younger people spend way too much money on.

Key Takeaways:

1. Don’t bank on the market staying good forever.
2. The best deals you do are the ones you don’t do.
3. Rule #1 is don’t lose money. Rule #2 is don’t lose money.

Matt Smock:

http://www.zenithpartners.org/