Movers & Shakers in Commercial Real Estate

On today’s episode our guest is Mark Weinstein. He was voted “One of the 500 Most Influential People in Los Angeles” six times by the Los Angeles Business Journal. Mark is the President and Founder of MJW Investments. After beginning his career as an attorney, he founded MJW Investments in 1983 when he discovered the potential of real estate investment and development through several successful ventures. Since then, he has acquired over $1,500,000,000 of student housing, apartment, commercial, industrial, and self-storage buildings. MJW currently owns a portfolio worth over $1,000,000,000 MJW was rated 7th largest Commercial Developer by the Los Angeles Business Journal.

Mark has also been a top multifamily investor in WA state and has increased it to a sizeable portfolio. In our conversation we talk about:

- How he started from being an Attorney
- When he discovered the pivotal moment in his career that changed the direction of his company
- What challenges he faced along his real estate journey
- What character traits that makes him successful
- How he defines failure
- And many more topics….

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With the inflation soaring as well as food and gas prices on the rise the value of the dollar is steadily declining. How can you protect your wealth in this volatile economic market? Discover some of the tried and true defense against inflation and three offensive steps that you can take now to protect your wealth. If you are sitting on cash or if your cash assets are not performing to the standard you hoped for, come and listen to this podcast.

Disclaimer:
This commercial real estate podcast is intended for commercial real estate professionals, institutions, and investors only. The presenter(s) is (are) expressing his/her (their) view(s) and opinion(s) regarding economic conditions, financing programs and features. The views expressed in this show are for informational, entertainment, and educational purposes only, and do not imply suitability. Views and opinions expressed are those of the presenters only and do not reflect the views of their employers, institutions, and associations. The information is not intended as investment advice, is not a recommendation about investing, and the presenters and their companies are not acting as your fiduciary.

#multifamily #multifamilyinvesting #commercialbroker #NFLathlete #CFLathlete #apartments #commercialrealestate #FTWInvestments

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Here is some of what you will learn:

- From being an NFL player to a multifamily investor, broker, and expert in acquiring commercial real estate properties
- A blessing in disguise after being fired from his job to pursuing his passion and entrepreneurial calling 
- Expounding on his innate ability to curiously learn the ins and outs of the syndication business and to truly become the master of his craft  
- How he obtained 150 transactions between single family homes, small multifamily deals, and triple net leases before ever landing his first syndication project 
- Understanding the transactional process from end-to-end of the deal - underwriting, appraisals, financing, understanding the title, legal aspects to help him consecutively land multifamily projects 
- And many more topics......

To find out more about our guest Logan Freeman:
https://ftwinvestmentsllc.com/

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

To find out more about partnering or investing in a multifamily deal please fill out our Investor Application Form: https://mvpequitygroup.com/investor-application

#multifamily #multifamilyinvesting #attorney #comfortzone #realestate #apartments #commercialrealestate
 
If you like what you hear, please subscribe, like and leave a comment :) Here is some of what you will learn: 

- From a New York City attorney to multifamily investor and syndicator
- Reasons for choosing multifamily versus other avenues to generate an income stream
- Getting involved in five deals ranging from Joint Venture to becoming a LP syndicator 
- Balancing between having a family a W2 Job and multifamily investing and what it takes to accomplish his goals
- And many more topics….

To find out more about our guest Yosef Lee: http://garyparklaw.com/ 

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

To find out more about partnering or investing in a multifamily deal please fill out our Investor Application Form: https://mvpequitygroup.com/investor-application

If you like what you hear, please subscribe, like and leave a comment :)

Here is some of what you will learn:

- Learn about he status of the WA State LTC Trust Act Tax going into place Jan 2022. There may be a small window to opt out of the WA plan by getting, one's own private policy prior to Nov. 1, 2021 (underwriting can take 2 weeks-6 months depending on how long it takes to get medical records from Physicians).
- The WA State plan is not cost efficient as it will tax .58 for every $100 one makes. Most individuals will save money by getting their own plan & opting out of tax
(Simple math: your income x .0058= LTC Tax)
- WA State plan is not portable out of WA State
- WA State Benefit is $36,500- not enough!
- No cap on how much one can be taxed with WA State plan
- WA State Plan requires 3 activities of daily living needed to trigger the benefits (private plans need only 2 or one cognitive impairment)

Additional info on opt out options as an example (keep in mind, we have access to other companies as well for you to consider): NYL Secure Care, Asset Flex, WA State Trust Act Tax , and here is the WA State Legislators website on the topic: 
 
https://app.leg.wa.gov/billsummary?BillNumber=1323&Initiative=false&Year=2021

Watch to Learn:
SecureCare: https://players.brightcove.net/75123740001/default_default/index.html?videoId=5990207913001

MyCare: https://players.brightcove.net/75123740001/default_default/index.html?videoId=5808478815001

AssetFlex: https://players.brightcove.net/75123740001/default_default/index.html?videoId=5990208012001

- Learn how to diversify your portfolio and alternative options to real estate and how to create a circular flow for all your investment portfolios.
- And many more...

To find out more about our guest Tony Sablan:
https://www.ultimatewealthstrategies.com/

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

To find out more about partnering or investing in a multifamily deal please fill out our Investor Application Form: https://mvpequitygroup.com/investor-application

If you like what you hear, please subscribe, like and leave a comment :)

Retired CPA, Paul Levine has amassed an extensive professional experience that ranges from being a CPA for almost 50 years and was an Associate Professor of Accounting at California State University, he negotiated the sale of two of his accounting clients to public clients, one of which was to Dupont, he did forensic accounting and was an expert witness many times. He is now a Commercial Realtor specializing in Multifamily investing and building self-storage facilities.   

Here is some of what you will learn:

- How does bonus depreciation affect multifamily and self-storage facilities.
- Is it better to take bonus depreciation or Section 179.
- What is cost segregation studies? Is this something you can do yourself or through your CPA?
- What is accelerated depreciation aka straight line depreciation. What qualifies for accelerated depreciation?
- Is doing a 1031 exchange and reinvesting your money into an apartment building that is in an opportunity zone a good idea?
- And many more...

To find out more about our guest Paul Levine:
https://crownrealestateandfunding.com/

LinkedIn: 
https://www.linkedin.com/in/paul-levine-b57252122/

Blog:
https://crownrealestateandfunding.com/blog

To find out more about partnering or investing in a multifamily deal please fill out our Investor Application Form: https://mvpequitygroup.com/investor-application

If you like what you hear, please subscribe, like and leave a comment :)

Here is some of what you will learn:

- From a Corporate Executive in the Luxury Hotel sector to a full-time entrepreneur and a private equity firm owner in multifamily and hotels.
- The future opportunities in the hospitality sector and what it might look like in the second half of this year.
- Will hotel conversions into multifamily still be a future trend or will that change.
- How does hospitality assets compare to other commercial real estate assets such as multifamily.
- And many more...

To find out more about our guest Robert Musso:
www.tusonproperties.com

If you like what you hear, please subscribe, like and leave a comment :)

Here is some of what you will learn:

- Starting with an entrepreneurial desire at an early age, Tyler acquired his first single family property at 21
- The desire to create wealth without jeopardizing the most important commodity in life which is "time" with his family and friends 
- How Tyler developed a "definiteness of purpose" mindset to convince himself how he could become a multifamily investor
- Believe in what you are doing and focus on what you can control
- The law of the "first deal" and many more...

To find out more about our guest Tyler Deveraux: https://mfcapitalpartners.com/

If you like what you hear, please subscribe, like and leave a comment :) 

Here is some of what you will learn:

- Why should investors or syndicators engage an asset manager early on in the process
- What are some negative connotations you should overcome when engaging with a third party asset manager
- What is a typical process and approach that Wehner Multifamily takes once a property has signed an LOI
- What makes a good partnership between an asset manager and an investor or syndicator

To find out more about our guest James Sirmans:
http://wehnermultifamily.com/services/

To find out more about partnering or investing in a multifamily deal please fill out our Investor Application Form: https://mvpequitygroup.com/investor-application

If you like what you hear, please subscribe, like and leave a comment :) 

Here is some of what you will learn:

- From being a CPA working at one of the “Big Four” accounting firms at Ernst & Young to becoming a Real Estate Investor and Asset Manager
- How to “provide value” to potential business partners and investors
- What does the Asset Management process look like after acquiring the property
- What types of communication and reporting are provided to investors
- What types of questions should you ask a Sponsor if you are interested in investing with them

To find out more about our guest Mike Taravella:
https://randpartners.com/

To find out more about partnering or investing in a multifamily deal please fill out our Investor Application Form: https://mvpequitygroup.com/investor-application