💸 Invest passively in multifamily real estate: https://reedgoossens.com/ 

Gary Lipsky is a multifamily operator and syndicator with over a quarter billion dollars in real estate transactions. As president of Break of Day Capital, he's built a focused portfolio in the Southwest while navigating one of the toughest stretches the multifamily market has seen in years.

This episode is hosted by Reed Goossens. We're joined by Gary Lipsky, president of Break of Day Capital and host of the Real Estate Investor Podcast, and bestselling author of Best In Class and Invest Smart.

In this conversation, Gary shares what it actually looks like to operate multifamily assets through a difficult cycle — from flat rent growth and staff turnover to capital raising headwinds and the real impact of immigration policy on occupancy.

We get into where Gary sees the market heading in 2026, how he's finding deals in a low-inventory environment, why he's still bullish on buying right now, and the operational adjustments he's making to protect NOI while waiting for conditions to improve.

If you're a multifamily operator or passive investor trying to make sense of where the market stands today, this episode gives you a ground-level view from someone actively working through it.

Key Takeaways:

0:00 Intro

01:05 Gary's background and entrepreneurial journey

03:00 From afterschool business to multifamily operator

04:25 Current portfolio and target markets 05:10 Finding deals in a low-inventory market

06:35 Raising capital in today's environment

08:05 Where we are in the market cycle

09:25 Rent ceilings, price per door, and affordability

10:50 Creating ancillary income to offset flat rent growth

11:50 Third-party vs. in-house property management

12:40 Key indicators that the market is turning

14:10 Immigration policy and its impact on occupancy

16:00 Goals and outlook for 2026

17:25 Where to find Gary Lipsky

18:35 Invest Smart Summit — April 24th

19:30 Outro

—

Additional resources:

➡️ Check out Gary Lipsky:

• Website: https://breakofdaycapital.com/ 

• Invest Smart Summit: https://investsmartsummit.com/ 

• Podcast: Real Estate Investor Podcast

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/

• Instagram: https://www.instagram.com/reedgoossens/

• Facebook: https://www.facebook.com/reed.goossens/

➡️ Subscribe to my podcast:

• YouTube: @ReedGoossensREI

• Apple: https://apple.co/44MiDN7 • Spotify: https://spoti.fi/45fVIcR

• Stitcher: https://bit.ly/3OHHJqJ

• Soundcloud: https://soundcloud.com/investing-in-the-us

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Subscribe/Follow so you never miss an episode!

When banks start calling to ask what you'd pay for a distressed asset, that's not a coincidence. That's the market telling you something.

This episode is hosted by Reed Goossens. We're joined by Marcin Drozdz, managing partner of M1 Real Capital, who has spent 18 years raising nine figures of private capital and acquiring over 1,600 units across the US.

Marcin lived through the 2008 crash from inside a private equity firm on day one — the same day Lehman Brothers collapsed. In this conversation, he draws a direct line between what he saw then and what's unfolding in commercial real estate today, from overleveraged assets and extend-and-pretend lending to the distressed opportunities he believes are coming.

We get into why banks are already making quiet calls to buyers, what replacement cost investing means in today's construction environment, the 5 million housing unit gap that never got filled, and why the buyers who move while others are frozen will look very smart in a few years.

If you're trying to make sense of where we are in the cycle and how to position for what comes next, this episode gives you the historical context and the practical framework to do it.

Let's dive in!

Key Takeaways:

00:00 Intro 

01:35 How Marcin made his first dollar 

04:00 Witnessing Lehman Brothers collapse firsthand 

04:40 Building during COVID and launching the mentorship side 

05:44 Crisis of confidence: parallels between 2009 and today 

08:55 How the JOBS Act democratized investing — gift and a curse 

12:41 Interest rate reality check and where asset values stand 

14:46 Why replacement cost is now a core buying metric 

18:44 The 5 million housing unit gap and what smart buyers are doing 

20:13 Top 5 investing tips 

24:59 Outro

Additional resources:

➡️ Check out Marcin Drozdz:

• Website: https://marcindrozdz.com/ 

• Company: M1 Real Capital

➡️ Visit https://reedgoossens.com/ 

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass 

• Take a look at my portfolio 

• Get FREE multifamily real estate resources

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast:

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Subscribe/Follow so you never miss an episode!

Real estate sponsor decisions can make or break your entire investment. A good sponsor can navigate a bad situation. A bad sponsor can blow up a perfectly good deal.

This episode is co-hosted by Ben Gray, partner and CEO at RSN Property Group. We’re joined by Brian Burke, founder and CEO of Praxis Capital and author of “The Hands-Off Investor”. 

With more than 30 years of experience, Brian has operated through multiple market cycles and acquired over a billion dollars in real estate. He’s seen the run-ups, the corrections, and exactly what happens when deals are built on shaky foundations.

In this conversation, he shares what actually matters when evaluating a real estate sponsor in today’s environment.

We break down the key things you need to look for when evaluating a sponsor and how to avoid the costly mistakes that many investors make. We talk about the right questions to ask, the sponsor’s track record you should focus on, and why a sponsor’s debt strategy and capital stack can shape the entire outcome of a deal.

If you’re investing passively or thinking about it, this episode will give you a checklist to confidently vet a real estate sponsor and protect your capital.

Let's dive in!

Key Takeaways: 

• 00:00 Intro 
• 02:29 Chase sponsors, not deals 
• 04:13 Market trends and making sense of demographics 
• 08:35 How to properly vet a sponsor
• 10:24 The harsh truth about ROI
• 12:41 Sponsor due diligence and red flags 
• 14:38 Three crucial questions to ask a sponsor 
• 16:04 Fees, waterfalls, and underwriting 
• 29:17 Debt and maturity dates 
• 31:54 Advice for aspiring investors 
• 32:58 Outro

Additional resources: 

➡️ Check out Brian Burke: 

• Instagram: https://www.instagram.com/investorbrianburke/     

• Website: https://praxcap.com/ 

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

Is build-to-rent becoming one of the most powerful wealth-building strategies in US real estate?

This week, we revisit the conversation with Jim Sheils of Southern Impression Homes to answer that question. Jim has been investing in real estate for over 25 years and now builds rental portfolios in Florida's high-growth markets for individual investors and institutional buyers. 

We explore the growing potential of the BTR niche and why infill lots in established neighborhoods offer greater long-term durability than traditional fixer-uppers. 

We also discuss common property management challenges, how Jim’s company survived the pandemic without bank financing, and the benefits of vertically integrated operations.  

Let's dive in! 

Key Takeaways: 

• 00:00 Intro 
• 01:07 Jim’s journey into real estate investing
• 03:06 From rehabs to build-to-rent
• 06:41 How his build-to-rent model works
• 10:49 Florida rent growth before and after pandemic
• 16:55 Supply constraints and bank lending pressure
• 20:50 Five high-performance habits
• 23:00 Jim’s vertical integration strategy

Additional resources: 

➡️ ‘Passive Income Playbook’ by Jim & Jamie Sheils: https://jjplaybook.com/ 

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

What does it really take to stay successful as a real estate investor over multiple market cycles?

In this episode, host John Casmon sits down with Reed Goossens, founder of RSN Property Group, to unpack how his investing philosophy has evolved over the last decade, and why long-term winners focus less on timing the market and more on consistently placing capital with discipline.

Reed shares hard-earned lessons from operating through rising rates, flat rents, and increasing expenses, and explains why today’s investors must think beyond “passive” multifamily investing. From underwriting realities and operational pressure to building complementary business verticals for sustainable cash flow, this conversation offers a grounded look at what it takes to survive, and win, when the easy years are gone.

Whether you’re an active operator or a serious passive investor, this episode will help you think more clearly about risk, cycles, and long-term portfolio resilience.

Key Takeaways: 

• Intro (00:00)
• Understanding Market Cycles (05:14)
• Why Multifamily Isn’t Passive Anymore (14:10)
• Underwriting Reality Check (26:35)
• Building an Investing Ecosystem (37:00)
• Staying Active While Others Wait (45:49)

Additional resources: 

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

Is the multifamily market finally entering a new growth cycle after one of the most volatile economic periods in modern history? 

Distress is emerging, capital is loosening, and early signs of recovery are beginning to show. With this in mind, we invite you to our FREE State of the Market Q4 2025 webinar with the RSN team, where we break down where the market stands today, how we got here, and what the coming months could mean for multifamily investors. 

Join us as we discuss supply and rent trends, evolving debt and capital markets, and how we are positioning to capitalize on today’s opportunities. 

Tune in! 

Key Takeaways: 

• 00:00 Intro 
• 05:18 How did our market predictions hold up?
• 11:37 Evolving distress landscape and supply impact
• 17:14 Rent growth and vacancy trends 
• 22:04 Capital markets and institutional investments 
• 31:35 Institutional groups are moving into the retail investor space 
• 33:23 Our strategy and investment opportunities 
• 37:20 Q&A session  
• 56:44 Outro

Additional resources: 

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

Want to recession-proof your portfolio? 

Today on the show, I have the pleasure of welcoming back an absolute legend in the world of alternative investing, Patrick Grimes. Patrick is the founder of Passive Investing Mastery, an Amazon best-selling author, Forbes Councils contributor, and a former robotics engineer turned investment guru. 

In this episode, Patrick shows us what it really means to diversify beyond the usual stocks and real estate. We dive deep into private credit, litigation funding, medical receivables, and commercial real estate. 

If you want to protect your portfolio before the next crash, this episode is for you. 

Tune in! 

Key Takeaways: 

• 00:00 Intro 
• 01:32 Patrick’s background 
• 02:46 Patrick’s investment journey and diversification strategy 
• 05:47 The best alternative investment opportunities right now 
• 07:49 Alternative investments and risk management 
• 17:58 Biggest investing lesson Patrick learned 
• 26:58 Future outlook and investing tips 
• 30:19 Top 5 investing tips 
• 33:15 Outro

Additional resources: 

➡️ Learn more about Patrick Grimes:

• Website: https://passiveinvestingmastery.com/ 

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

Is multifamily finally back after the market crash?

Today on the show, I have the pleasure of welcoming back a true mad scientist of multifamily, Neal Bawa. Neal is a technologist, data guru, process freak, outsourcing expert, and one of the most in-demand speakers in commercial real estate right now. He is widely known for his uncanny ability to spot trends before anyone else. 

In this episode, Neal breaks down the state of the syndication industry after the deep market corrections of the last few years, why 2025 marked the bottom of the multifamily market, and what to expect in 2026 as supply tightens and rents start to grow again. We also explore the crazy world of data center land banking, AI-driven investing, and how Neal is finding massive opportunities in this new era of investing. 

Tune in! 

Key Takeaways: 

• 00:00 Intro 
• 01:51 The great correction in the syndication industry 
• 07:29 Banks' role in market adjustments 
• 14:41 Have we hit the bottom? 
• 16:36 Future outlook, rent growth, and market trends 
• 25:59 How to identify red flags in real estate deals 
• 28:24 The AI power crisis and investment opportunities 
• 42:16 Recap and outro

Additional resources: 

➡️ Learn more about Neal Bawa:

• LinkedIn: https://www.linkedin.com/in/neal-bawa

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

What if you could pitch and fund your next real estate deal in as little as a day? 

Today on the show, I have the pleasure of welcoming back Richard Wilson. Richard is the founder of the world’s largest investor network, the Family Office Club, a platform connecting over 1,500 family offices, ultra-wealthy individuals, and institutional investors. Richard has built an unmatched ecosystem for capital raising, deal-making, and investor education. He also runs Billionaires.com, where he interviews top-tier billionaires and shares their insights.

He’s here today to share his incredible knowledge on raising capital so that you can fund your deals faster and more efficiently. We also dive into the explosive growth of AI and how Richard’s suite of tools is helping investors analyze deals, generate one-liners, and pitch smarter.

Tune in!

Key Takeaways: 

• 00:00 Intro 
• 02:32 What happened in the last 10 years
• 03:52 The evolution of the family office industry 
• 05:50 Advice for raising capital
• 07:43 Investing opportunities in AI 
• 09:44 How the Family Office Club is utilizing AI 
• 12:41 Family office investment strategies 
• 17:28 AI and the growing power crisis 
• 19:52 The end goal of the Family Office Club 
• 23:24 Outro

Additional resources: 

➡️ Learn more about Richard Wilson: 

• Website: https://familyoffices.com/ 

• LinkedIn: https://www.linkedin.com/in/singlefamilyoffice/

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!

Choosing the right real estate sponsor can be the difference between success and failure in your investments. 

But how do you know if a sponsor is truly worth your trust?

In this episode, I sit down with the one and only Brian Burke, a veteran in the real estate space with over 30 years of experience. Brian is the founder and CEO of Praxis Capital, a vertically integrated real estate investment company he founded in 2001, and has acquired more than a billion dollars in real estate across multiple cycles. He’s also the author of The Hands-Off Investor, the go-to guide for passive investors.

We break down the key things you need to look for when evaluating a sponsor and how to avoid the costly mistakes that many investors make. We talk about the right questions to ask, the sponsor’s track record you should focus on, and why their debt strategy could make or break your returns.

Tune in to learn how to properly vet a real estate sponsor and make smarter investment decisions!

Key Takeaways: 

• 00:00 Intro 
• 05:18 Chase sponsors, not deals 
• 08:04 Market trends and making sense of demographics 
• 13:49 How to properly vet a sponsor
• 16:44 The harsh truth about ROI
• 19:42 Sponsor due diligence and red flags 
• 22:38 Three crucial questions to ask a sponsor 
• 27:01 Fees, waterfalls, and underwriting 
• 42:21 Debt and maturity dates 
• 45:09 Advice for aspiring investors 
• 46:34 Outro

Additional resources: 

➡️ Check out Brian Burke: 

• Instagram: https://www.instagram.com/investorbrianburke/  

• Website: https://praxcap.com/

➡️ Visit https://reedgoossens.com/ and:

• Invest passively in multifamily real estate 

• Get FREE access to my 100% Passive Real Estate Investment Masterclass

• Take a look at my portfolio

• Get FREE multifamily real estate resources 

➡️ Follow me on social media:

• LinkedIn: https://www.linkedin.com/in/reed-goossens-b2a6a933/ 

• Instagram: https://www.instagram.com/reedgoossens/ 

• Facebook: https://www.facebook.com/reed.goossens/ 

➡️ Subscribe to my podcast: 

• YouTube: @ReedGoossensREI 

• Apple: https://apple.co/44MiDN7 

• Spotify: https://spoti.fi/45fVIcR 

• Stitcher: https://bit.ly/3OHHJqJ 

• Soundcloud: https://soundcloud.com/investing-in-the-us 

—

Investing in the U.S. is a podcast for real estate investors and entrepreneurs who want to break into the U.S. market and grow their wealth!

Follow so you never miss an episode!