Pillars Of Wealth Creation

Flipping apartment buildings has become all the rage over the past 10 years, and although it’s a viable option that can produce positive outcomes, the tried and true long-term hold is typically the better option. Join Arn and Dex as they discuss strategies that will help set you up for a legacy-building investing strategy.

Book: The Power of Now by Ekhart Toll

3 Pillars

1. Live below your means

2. Invest what you save

3. Long term perspective

Arn Cenedella is a real estate broker and investor with over 46 years experience in the real estate industry. Arn joined Cenedella and Co, his family’s residential and investment brokerage firm, located in Menlo Park, CA in 1978.

Over a 36 year period, Arn had success as a broker in Palo Alto and Menlo Park, and built a single family rental portfolio on the SF Peninsula and Austin, TX. During this period, Arn helped many investors build their own rental portfolios. Arn moved from his lifelong home in San Carlos CA to Greenville SC in 2014.

Arn founded Spark Investment Group in 2020 as he transitioned his single family rental portfolio into multifamily properties. He currently manages and operates a multifamily portfolio as general partner and sponsor of over 968 units with a total value in excess of $127M.

You can connect with Arn by visiting: [email protected]

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Last month, the SEC filed a complaint against Todd Burkhalter and Drive Planning for taking investor money and spending it on marketing, a yacht, jewelry, expensive clothes, private jets, vacations, a ranch, and luxury handbags. That’s disgusting, but what can you do to protect yourself?

1. Vet the sponsor in detail.

2. Don’t base your decision on return projections. High returns and short timelines typically mean high risk.

3. Be diligent and cautious around companies with fancy marketing and not a lot of meat.

4. Look for track record and ask for referrals

5. Deep dive into the business plan and the current financial viability of the investment.

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Palmy and Nancy hit on Leveraging technology, using education, and being creative to find new investors for your investments. From the fashion business to real estate, we cover what works and what doesn’t.

Book: Never Split the Difference

3 Pillars

1. Active Income

2. Passive income

3. Legacy building

Palmy and Nancy Kitti are apartment syndicators, entrepreneurs, and educators with big dreams and a $300 million multifamily apartment portfolio. A few years ago, they thought they were living their dream career in the fashion manufacturing industry. They quickly learned how replaceable they were when their main client closed their retail stores, which plummeted the Kitti sister's income from millions to nearly zero overnight. Everything they thought they knew about wealth, work, and life changed after entering the multifamily apartment investing industry. Today, they are apartment syndicating experts targeting properties in high-growth markets in Arizona, Texas, Georgia, and Northwest Arkansas.

You can connect with the Kitti Sisters by visiting: JumpStartApartments.com

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

What’s new in today’s apartment investing world? Heidi and Dex dive into market data in the twin cities and what has been happening. Heidi also dives into what is driving buyers and sellers in today’s market.

Since 2019, Heidi has been an integral part of Michel Commercial Real Estate, which is a trusted multifamily brokerage in the Twin Cities. Michel Commerical has a strong reputation for extensive marketing and strong industry relationships selling over $2.4 billion worth of apartment properties. Heidi is a market expert known for staying current with the latest multifamily market trends. She leverages this expertise to assist her clients in achieving their goals and strategically positioning their properties for competitive bidding environments.

If you would like to connect with Heidi send her a message on LinkedIn https://www.linkedin.com/in/heidi-addo-27906b178/

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Join us as we explore some of the most common mistakes in syndication deals and how to avoid them. Aleksey Chernobelskiy shares valuable lessons on navigating limited-parter investing pitfalls, helping you make more informed investment decisions. We also discuss essential questions LPs should ask their General Partners (GPs) to ensure transparency and alignment in their investment strategies.

Pillars

1. Invest in your self/education

2. Invest in an index fund

3. Invest in private equity space

Podcast: Founders by David Seneca

Aleksey Chernobelskiy advises limited partners (“LPs”) on existing and future investments. He writes weekly to 4,000 investors at www.LPlessons.co to explain how to properly vet and think about LP investments in the grand scheme of their portfolios. Aleksey also helps General Partners on matters relating to LPs, such as capital calls or feedback on investment decks.

Prior to advising LPs, Aleksey ran STORE Capital’s $10 billion commercial real estate portfolio and oversaw the firm’s underwriting team. Aleksey graduated from University of Arizona with a quadruple major – Finance, Mathematics, Economics, and Accounting.

Recommended articles:

Top 15 syndication mistakes - www.lplessons.co/p/top-15-syndication-mistakes

26 questions to ask your GP - www.lplessons.co/p/26-questions-to-ask-your-gp

Do sunk costs matter in capital calls? - www.lplessons.co/p/do-sunk-costs-matter-in-capital-calls

Find Aleksey:

LinkedIn: http://www.linkedin.com/in/chernobelskiy

Twitter : https://twitter.com/chernobelskiy

Weekly newsletter (LP Investing Lessons): http://www.lplessons.co

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Throughout Dex’s 16 years as a real estate investor, he has made countless mistakes and has observed others do the same. Out of those mistakes, there are 6 that stick out as the most commonly made mistakes. Learning from others won’t keep you from making your own mistakes, but could keep you from making a critical mistake that will lose your money.

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Don’t just look at the returns; understand what you are investing in. Jeff and Dex discuss the need to understand the metrics and KPIs of each investment, the importance of diving into the team, and truly understanding what an investment opportunity is made of. Your own due diligence is just as important as the sponsor's due diligence.

3 Pillars:

1. Putting your money to work

2. Consistency

3. Due Diligence

Book: Hands off Investor by Brian Burke

Jeff Greenberg is the CEO and Founder of Synergetic Investment Group. With nearly 20 years in real estate, including 13 years as a multifamily syndicator, Jeff now considers himself a recovering syndicator. He currently manages two customizable, diversified private equity funds, SIG Wealth Funds. These funds are invested in over 2,000 multifamily units, 500 mobile home park spaces, 74 short-term rental homes, a debt fund, and more than 5,000 Bitcoin miners. Jeff is dedicated to sourcing and presenting high-quality investment opportunities, managed by top-tier operators, to Synergetic's investors.

You can connect with Jeff at [email protected] / Free Bee: Questions to ask before you invest with a sponsor: sigcre.com/sponsor

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Effective communication is the key to successful and long-term business growth. It’s something that Dex struggled with for over a decade and still struggles with to this day. It’s easy to assume people have the information they need, but if you’re not clear, consistent, and concise, you’re only going to disappoint.

Communication is telling or writing information clearly, asking good and detailed questions, and lastly listening - just shutting up and actively listening.

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

Understanding why you want to build wealth, allows you to create a business that fits around your life and desired outcomes. Melanie and Dex discuss creating trust, building relationships, and being authentic.

3 Pillars:

1. Time Freedom

2. Community

3. Love of all things

Book: The Power of Now by Eckhart Tolle

As a Manager of Freestyle Fund, Melanie oversees a customizable fund offering a diversified portfolio of commercial real estate assets. She takes her role as a steward of investor capital seriously, personally knowing each individual investor and prioritizing these relationships as the fund steadily grows.

A U.S. Navy Veteran and former law enforcement officer, Melanie transitioned to real estate entrepreneurship to build wealth and fulfill a larger purpose. Passionate about personal development, she believes that life is meant to be enjoyed. Melanie firmly believes in abundance and that it is accessible to everyone. Helping others through sound investing brings her great fulfillment.

You can connect with Melanie on Instagram: freestylecapitalgroup or melanie_travelgal

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...

It’s not as simple as just looking at the numbers when deciding how much a property is worth. You really need to dig into the comps, cap rates, building conditions, and so much more. Matt and Dex dive into what they look for in a deal and what they’re seeing in today's market.

Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers, and coaches.

YouTube: www.youtube.com/c/PillarsOfWealthCreation

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376

Apple Podcasts: https://podcasts.apple.com/.../pillars-of.../id1296372835...

Google Podcasts: https://podcasts.google.com/.../aHR0cHM6Ly9mZWVkcy5zb3VuZ...

iHeart Radio: https://www.iheart.com/.../pillars-of-wealth-creation.../

CastBox: https://castbox.fm/.../Pillars-Of-Wealth-Creation...

Spotify: https://open.spotify.com/show/0FmGSJe9fzSOhQiFROc2O0

Pandora: https://pandora.app.link/YUP21NxF3kb

Amazon/Audible: https://music.amazon.com/.../f6cf3e11-3ffa-450b-ac8c...