Join us for an engaging episode of Passive Investing from Left Field! In this episode, host Chad Ackerman engages in a compelling conversation with Chihiro Kurokawa, Director in the private equity practice at ZT Corporate. Kurokawa shares his journey from being a solo multifamily syndicator to a key figure in a boutique private equity firm.

Gain exclusive insights into the resilience of service revenues during economic downturns, the significance of diversification across asset classes, and effective strategies in the competitive realm of private equity. Delve into Chihiro's wealth of experience as he discusses the importance of thorough due diligence, community involvement in vetting deals, and the power of teamwork in business.

For passive investors seeking illuminating discussions on making informed investment decisions and navigating the intricacies of blending different asset types, this episode is a must-watch.
  

About Chihiro Kurokawa
 

• Chihiro is a Director in the private equity practice at ZT Corporate, a boutique private equity firm with investment opportunities for accredited investors. The firm was founded in 1997 and has since cycled over 15 portfolio transactions representing 50+ assets. Currently the firm has an enterprise value of over $1.2 billion with holdings in medical/healthcare, branded auto dealerships and commercial real estate.
   

Here are some power takeaways from today’s conversation:

02:21 His real estate investment journey

08:06 Diverse business

12:35 Deal offering structure

16:30 Is this a great time to get into commercial real estate?

20:42 Comparing the metrics

23:02 What market he focuses on

24:25 Mitigating risk

28:26 Lessons learned in investing

30:50 Contact Chihiro

31:21 Podcast recommendations

32:28 Thank you for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned:

LinkedIn

https://www.linkedin.com/in/cgkurokawa/

Instagram

https://www.instagram.com/cgkurokawa/

Facebook

https://www.facebook.com/chihiro.g.kurokawa/

Podcast Recommendations:

Acquired https://www.acquired.fm/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books/

Vyzer - https://vyzer.co/

Join us on the latest episode of Passive Investing from Left Field, with guest Ron Lockhart.

In this episode, discover invaluable insights into successful strategies for limited partners, the impressive benefits of affordable and workforce housing, and the high-return potential of real estate syndication.

Whether you're an accredited investor or simply looking to learn more about the commercial real estate market, this episode is your ticket to staying informed.
  

About Ron Lockhart
 

• Ron Lockhart is the Co-Founder of GSP REI and serves as one of the Company's Managing Partners. His chief responsibilities include strategic planning and oversight of the company’s vision. Mr. Lockhart oversees and works to streamline the company’s operations in both real property and mortgage acquisitions, as well as project and property management.

  Mr. Lockhart brings over 20 years of combined real estate investing experience to the company. Prior to founding GSP REI, Mr. Lockhart was President of LaSalle Properties One a regional real estate consulting firm that focused on assisting companies and institutions with the execution of their real estate acquisition, development, management and finance goals. While at LaSalle Properties One, Mr. Lockhart developed an end to end in house solution for clients that included planning, construction, asset and property management. One of LaSalle Properties One’s key initiatives was to invest alongside its clients in growth areas where there was an under supply of rental housing. Prior to LaSalle Properties One, Mr. Lockhart founded Lockhart Building and Investment Company which specialized in the construction and redevelopment of real estate in the Mid-Atlantic region. Mr. Lockhart has been directly involved with the investment, development and construction of single family, multifamily and mixed use real estate since graduating from Washington College in 1996.

Here are some power takeaways from today’s conversation:

03:28 His real estate journey

08:39 Affordable housing vs workforce housing

10:03 Section 8

13:38 How he invests in certain markets

16:44 Finding properties

25:16 Are there any other government subsidies that help

25:55 How does he structure property management

28:26 Is there a problem with the owners of the adjoining properties

29:42 Using debt to fund the properties

33:00 How to analyze this as an LP

36:07 Funds overview

38:35 Podcast recommendations

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned:

Contact The Guest:

LinkedIn - https://www.linkedin.com/company/gsprei/

Facebook - https://www.facebook.com/GSPREIFUNDS

YouTube - https://www.youtube.com/channel/UCoqbrxOgNuhgzS58qia3Uaw

Podcast Recommendations:

Real estate syndication show - https://www.youtube.com/c/TheRealEstateSyndicationShow

Advertising Partners:

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books/

Vyzer - https://vyzer.co/

Tune in to this special spotlight episode of Left Field Investors as we shine a light on the intricacies of the Corporate Transparency Act with expert syndication attorney Mauricio Rauld. This episode is packed with valuable insights on compliance, penalties, and best practices for LLC owners to navigate this new legislation. Get the inside scoop on what you need to know to ensure compliance and protect your investments!
  

About Mauricio Rauld
 

• Mauricio Rauld is an experienced syndication attorney and former asset protection attorney with a wealth of knowledge in syndications and corporate law. He is well-versed in LLC formation, asset protection, and entity formations, having set up thousands of LLCs over the past 15-20 years. Mauricio’s expertise lies in helping syndicators stay in compliance with federal securities laws and ensuring the protection of limited partners in investment deals. As a co-host of the "Drunk Real Estate" podcast, Mauricio brings a unique and approachable perspective to the legal aspects of real estate investing. His down-to-earth style and practical advice make him a valuable resource for investors navigating the complex regulatory landscape.
   

Here are some power takeaways from today’s conversation:

 00:00 The Best Ever Conference

02:52 Who is Mauricio Rauld?

03:45 What is the CTA? 

04:40 Who gets to see this info?

05:30 Who is affected?

08:23 What info is needed?

10:04 When does this need to be filed?

14:13 What are the penalties for not complying?

16:16 Who needs to file?

22:11 Who can help me comply?

23:58 Where to find the report

24:57 Thank you for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned:

LinkedIn: linkedin.com/in/mauricio-rauld-esq-b2929870
Facebook: https://www.facebook.com/mauricio.rauld.9/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh -  https://www.leftfieldinvestors.com/books/

Podcast Recommendations:

Motley Fool Money - https://www.fool.com/podcasts/motley-fool-money/

The Walker Webcast - https://www.walkerdunlop.com/webcasts/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Vyzer - https://vyzer.co/

Join us on the latest episode of Passive Investing from Left Field, with guest Paul Moore from Wellings Capital. 
In this episode, we unravel the art of building confidence with LPs, explore the resurgence of preferred equity, and share insights on diversification strategies. Discover Paul's journey from speculator to seasoned investor, gaining actionable advice for consistent returns. 
Don't miss these gems of wisdom that could steer your investment journey toward consistent returns and stronger strategies.
 

 About Paul Moore
 

• After a stint at Ford Motor Company, Paul co-founded a staffing firm where he was 2x Finalist for Michigan Entrepreneur of the Year. After selling to a publicly traded firm, Paul began investing in real estate. He launched multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits. He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to Bigger Pockets, producing live shows, recorded videos, and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he’s been featured on over 200 podcasts. Paul is the author of Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage (Bigger Pockets Publishing 2021) and The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm.
   

Here are some power takeaways from today’s conversation:

 03:33 His real estate journey?

05:20 Transition from speculator to investor

07:32 Preferred equity vs preferred returns

09:27 What is preferred equity?

14:55 Why aren’t the lenders lending more?

16:42 Should the LP know about the preferred equity?

04:35 The Evolution of His Real Estate Journey

20:29 Are all pref equity the same?

30:44 What to look for in the common equity?

33:04 How do you protect yourself from deals failing?

37:46 How does an LP get into pref equity?

30:41 How does the LP evaluate this?

43:48 Podcast recommendations

44:42 Contact Paul

45:05 Thank you for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned:
Contact the Guest:

Instagram- @paulmooreinvest
Facebook- @wellingscapital
LinkedIn- https://www.linkedin.com/in/paul-moore-3255924/
Email- [email protected]

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Podcast Recommendations:

Motley Fool Money

The Walker Webcast

Advertising Partners:

Left Field Investors - BEC

Tribevest

Rise48

Aspen Funds

GSP REI

Spartan Investment Group

Vyzer

Get ready for an electrifying ride in Part 2 of the Keynote Address from the Left Field 2023 Meetup! 
The audience comes in hot with burning questions, turning this episode into a rollercoaster of insights for savvy passive investors hungry for stability and growth.
Jeremy Roll, a seasoned market observer, not only explores the current state of market investments and his strategies for the next decade but also shares invaluable advice on what LP investors should prioritize. Packed with wisdom, this episode is a must-listen for those seeking stability and growth, providing a roadmap to navigate the evolving investment landscape with confidence and strategic foresight.

About Jeremy Roll 

• Jeremy started investing in real estate and businesses in 2002 and left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 60 opportunities across more than $1 Billion worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,500 investors who seek passive/managed cash-flowing investments in real estate and businesses. Jeremy is also the co-founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 to facilitate networking and learning among real estate investors in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 30,000 members. Jeremy has an MBA from The Wharton School and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US. Jeremy welcomes e-mails ([email protected]) to network with or help other investors and to discuss real estate or business investments of any size.

  
  

Here are some power takeaways from today’s conversation:

 00:30 What to do when an operator isn’t cooperating?

02:56 The correlation of the quality of communication with the operator and the ROI

04:49 If you negotiate $25,000 off the investment and will the operator walk away?

06:30 How do you do background checks on operators?

09:38 What is the cost of a private investigator?

10:05 Do you need permission to perform background checks?

11:22 What is his biggest pull back when investing?

13:41 The impact of the fed on ATMs

14:47 How often do you meet with the operator in person before a deal?

16:11 Value add limited partner 

18:21 How long does it take for him to evaluate a deal and how many deals does he have going on right now?

20:04 Mobile home park investing

23:26 Managing cashflow

25:02 Thank you for watching

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned: 

Email: [email protected]

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Podcast Recommendations:

Motley Fool Money

The Walker Webcast

Advertising Partners:

Left Field Investors - BEC

Tribevest

Rise48

Aspen Funds

GSP REI

Spartan Investment Group

Vyzer

Welcome to an extraordinary episode of Passive Investing from Left Field! If you attended the meetup in Left Field, this is your second chance to hear this informative episode, and if you didn't, well, you're in luck. Guest Jeremy Roll and Jim Pfeifer tackle the essentials of passive real estate investing. They delve deep into the importance of meticulous due diligence and the critical role of investment documents. Jeremy discusses the state of market investments for the next decade, his current investment strategies, and what LP investors should focus on. This episode is packed with insights for the discerning passive investor seeking stability and growth in their investments.

About Jeremy Roll

• Jeremy started investing in real estate and businesses in 2002 and left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 60 opportunities across more than $1 Billion worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,500 investors who seek passive/managed cash-flowing investments in real estate and businesses. Jeremy is also the co-founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 to facilitate networking and learning among real estate investors in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 30,000 members. Jeremy has an MBA from The Wharton School and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US. Jeremy welcomes e-mails ([email protected]) to network with or help other investors and to discuss real estate or business investments of any size.

  
  

Here are some power takeaways from today’s conversation:

 00:07 Meet Jeremy Roll

01:31 Tribevest 

00:51 Insights into Market Trends

03:38 Examination of Jeremy's Market Concerns for the Next 6 to 12 Months

05:58 Factors Influencing Jeremy's Return to Investment

07:56 Analysis of Defensive and Offensive Asset Classes

10:13 Exploration of ATM Investments

13:15 Negotiating Operational Agreement Changes with Operators

15:15 Importance of Reviewing Deal Documents Prior to Execution

18:20 Conducting Background Checks in Collaborative Ventures

20:14 Reflection on Past Deal Challenges

22:55 Understanding the Significance of Private Placement Memorandum (PPM)

24:43 Pros and Cons of ATM Investments

26:14 Future Projections for Multifamily Deals

28:15 Speculation on Banks' Approaches to Loans and Property Foreclosures

29:12 Identifying Promising Asset Classes for the Coming Years

31:15 Navigation of Capital Calls in Investments

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned:

Email: [email protected] 

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Podcast Recommendations:

Motley Fool Money

The Walker Webcast

Advertising Partners:

Left Field Investors - BEC

Tribevest

Rise48

Aspen Funds

GSP REI

Spartan Investment Group

Vyzer

Join us on the latest episode of Passive Investing from Left Field, as we dive deep into the world of commercial real estate investing with special guest Ryan Gibson, co-founder of Spartan Investment Group. Ryan, formerly an airline pilot turned real estate mogul, shares the turbulent journey of transitioning into the self-storage industry and the strategies that propelled him to success. Discover the exciting opportunities and hurdles of syndicated investments, the significance of transparent investor communication, and innovative ideas for generating passive income.

About Ryan Gibson

• Ryan Gibson is a co-founder of Spartan Investment Group and a former airline pilot who made a successful pivot to real estate investing, focusing on self-storage. His entrepreneurial spirit was evident early on when he provided affordable housing for pilots through organized crash pads. Today, his expertise and leadership have contributed to the growth and resilience of his company amidst market fluctuations and financing challenges. Ryan also hosts the Passive Income for Pilots podcast, sharing valuable insights on building passive income. With a strong emphasis on managing investor expectations and capital preservation, his strategic approach to investment, particularly in ground-up development and value-added projects, has made Ryan a recognized voice in the passive investing community.

  
  

Here are some power takeaways from today’s conversation:

00:00 The Best Ever Conference

01:31 Tribevest Ad

02:03 Coming Up

02:22 Intro

02:40 Welcome to the show

03:43 Ryan’s journey into  real estate investing

07:45 What are pilot crash pads 

10:36 How he got his start in real estate investing

11:50 Where is the market at right now

15:36 Disruption is good for self-storage

19:20 Who Is buying from who

21:21 Viking Ad

22:08 Rise 48 Ad

22:37Tyler Longview's portfolio

25:56 How he handles challenges

26:49 Buying multiple properties

32:43 Investor expectations

38:29 Types of development

43:57 Recommended podcast

44:41 Contact

45:03 Aspen Fund Ad

45:46 Vyzer Ad

46:31 Guest Overview

49:52 Outro

50:18 Disclaimer

 
Episode Highlights:

1.  Ryan Gibson, co-founder of Spartan Investment Group and former airline pilot, shares his journey from pilot crash pads to successful self-storage real estate investing and hosting a podcast for high-earning professionals.

2. The episode covers Ryan's experiences with the challenges of financing and selling properties in a fluctuating market and his strategic approach to overcoming those challenges including transparent communication with investors and prioritizing capital preservation.

3. Ryan discusses the intricacies of deal structuring and the benefits of ground-up development in the self-storage industry, highlighting how they manage risks and expectations as detailed in the Private Placement Memorandum.

4. Industry insights reveal that self-storage thrives on disruption and that the market conditions currently favor development projects, amidst issues such as decreased demand due to a slowdown in home sales and moves.

5. The significance of the self-storage market is emphasized with the business still being strong and attractive to investors, despite some portfolios facing struggles.

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

Contact The Guest:
LinkedIn

Instagram

Facebook

YouTube
 

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Podcast Recommendations:

Motley Fool Money

The Walker Webcast

All In Podcast

Advertising Partners:

Left Field Investors - BEC

Tribevest

Rise48

Aspen Funds

GSP REI

Spartan Investment Group

Vyzer

Tune in to this episode where we talk with guest Sam Wilson to discuss the profitable world of laundromat investing. Sam recounts his journey from real estate flips to niche investments like laundromats, explaining the cash flow benefits and community impact. Learn how laundromats offer recession-resistant income streams, and listen to Sam's expert tactics for standing out in a traditional industry. Also, hear firsthand about Sam's successful transition away from parking assets. This episode is a must-listen for those interested in diversifying their investment portfolios with alternative, cash-flowing real estate assets. !
  

About Sam Wilson 
 

• Sam, Founder of Bricken Investment Group, hosts a top-rated commercial real estate podcast, with 40K+ monthly downloads and 800 episodes. As an investor for over a decade, he has focused on laundry facilities, aiming to diversify and provide stable returns for himself and his investors. Sam, based in Memphis, TN, holds a business finance degree and a real estate license, emphasizing non-traditional investments for predictable returns.
   

Here are some power takeaways from today’s conversation:

 00:00 The Best Ever Conference

01:31 Tribevest 

02:21 Coming Up

02:18 Intro

02:39 Welcome To The Show

03:24 How Sam got Started in Real Estate Investing

04:35 The Evolution of His Real Estate Journey

07:38 How He Timed the Market

10:00 How he Approaches LPs

12:54 His Previous Investments

13:51 Why Laundromats? Why Now?

17:28 Is Multi-Family Affecting Laundromats?

18:31 Aspen Fund

19:15 Rise48

19:49 Can You Expand The Laundromat Market?

21:17 Are Laundromats Similar to Car Washes?

23:09 How Do Laundromats Depreciate?

24:52 The Other Aspects of the Laundromat Business

26:58 Working with Short-Term Rentals

28:14 How LPs Can Invest

31:29 How to Evaluate a Laundromat Operator

33:27 What Metrics should we be Looking at?

34:42 What Does His Competition Look Like?

38:24 www.ellieslaundry.com

38:49 A Great Podcast he Listens to

40:26 Contact Sam

40:56 Thank You For Watching

41:05 Viking Multi-Family

41:43 Steve Suh's Book

42:31 Guest Overview

45:56 Outro

46:21 Disclaimer 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.
    

Resources Mentioned:

Bricken Investment Group - https://brickeninvestmentgroup.com/

Email: [email protected]  

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh -  https://www.leftfieldinvestors.com/books/

Podcast Recommendations:

Motley Fool Money - https://www.fool.com/podcasts/motley-fool-money/

The Walker Webcast - https://www.walkerdunlop.com/webcasts/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Aspen Funds - https://aspenfunds.us/

GSP REI - https://gsprei.com/

Spartan Investment Group - https://spartan-investors.com/

Vyzer - https://vyzer.co/

Want to take a look into an alternative model for investing in commercial real estate? In this episode, we’re joined by Andy Sinclair, CEO and Principal of Midloch Investment Partners, to talk about their unique approach to investing in the Midwest market. Andy explains Midloch's strategy of partnering with local operators through joint ventures, co-GP positions, and preferred equity investments. Learn how they evaluate investment opportunities and vet potential operator partners, and how they find value-add opportunities. 

About Andy Sinclair

• Andy Sinclair, CEO of Midloch Investment Partners, brings over 16 years of experience in commercial real estate. He focuses on Midwest investments, particularly in multifamily and industrial/warehouses through JV partnerships and preferred equity. 

  
  

Here are some power takeaways from today’s conversation:

[04:31] Andy’s journey to becoming an operator 

[08:11] The difference between joint ventures, co-GP positions, and preferred equity investments

[11:24] What is an anchor investor?

[17:26] How LPs can benefit from Midloch

[23:19] Midloch's contrarian approach in the smile states

[39:44] Reacting to adversity: the true measure of an investor

Episode Highlights:

[08:11] The Difference Between Joint Ventures, Co-Gp Positions, and Preferred Equity Investments

[11:24] What is an Anchor Investor?

An anchor investor is the majority shareholder in a real estate deal, usually owning anywhere from 51% to 95% of the total equity investment. As the anchor investor, they provide the bulk of the capital for the project/property and take on more risk than smaller investors. They have significant control and voting rights over major decisions since they have the largest financial stake in the outcome of the investment.

[17:26] How LPs can Benefit from Midloch

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

Midloch Investment Partners

Email: [email protected] 

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Podcast Recommendations:

Motley Fool Money

The Walker Webcast

Advertising Partners:

Left Field Investors - BEC

Tribevest

Rise48

Aspen Funds

GSP REI

Spartan Investment Group

Vyzer

Discover the secrets of multifamily investing with SNS Capital Group's Jered Sturm. Gain valuable insights into their hands-on approach to property management and increasing NOI. Jered also shares tips for passive investors on evaluating sponsors and navigating economic changes. 

About Jered Sturm

Jered Sturm is the CEO and co-founder of SNS Capital Group, a multifamily owner, operator, and syndicator focused on the Cincinnati, Ohio market. Over the past 16 years, Jered and SNS Capital Group have acquired over 1,300 multifamily units in Cincinnati through syndication and value-add investing in distressed properties.

Here are some power takeaways from today’s conversation:

[04:36] Real estate investing journey from maintenance tech to multifamily syndicator

[08:57] Understanding the core competencies of syndication sponsors

[13:30] How to figure out the sponsor’s core competency

[15:24] What it means to be a good operator

[18:28] The pros and cons of being in on Emarket and one asset class

[19:48] The importance of effective quality property management

[21:03] The concept of forced value

[27:13] Handling poor management issues

[33:47] Investment strategies and debt management

Episode Highlights:

[08:57] Understanding a Sponsor's Core Competency: Keys to Evaluating a Syndication Firm's True Strengths

When evaluating a syndication sponsor, it's important to understand their core competencies - what they are truly best at. Some key things discussed in this episode include:

The best way for passive investors to evaluate a sponsor's core competency is by verifying their claims - speaking to previous investors, reviewing property performance, and ensuring philosophies align. This due diligence helps identify sponsors truly skilled in value creation versus those relying on sales/marketing abilities.

[15:25] What Makes a Good Operator

A good multifamily operator has a proven ability to maximize property performance through hands-on management focused on tenant satisfaction, continuous expense optimization, and value-added renovations. They leverage deep local market expertise, a results-oriented culture, and data-driven methods to consistently drive occupancy, rents and NOI higher than industry peers. This hands-on, performance-focused approach is demonstrated through a track record of acquiring distressed assets and creating significant forced appreciation through superior property management and operational efficiencies.

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

www.snscapitalgroup.com 

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh

Use this for book links: https://www.leftfieldinvestors.com/books/ 

Podcast Recommendations:

Huberman Lab Podcast

Advertising Partners:

Left Field Investors - BEC

Tribevest

Aspen Funds

Rise48

Vyzer