Podcast Notes Playlist: Business

We’re back for part two with The Multifamily Millionaire authors Brandon Turner and Brian Murray. This time, Brian is on the mic to give you the ten steps to purchase your first large multifamily property. You may be thinking that these ten steps sound too easy for such a large deal, but that is part of the advice that Brian gives.

Brian wants smaller multifamily owners or even single-family owners to know that buying a large multifamily property is just more volume, not a completely different skill set. If you own one or multiple units right now, you may have more skills than most to take down a 100-unit apartment building or a big mobile home park. The only thing standing in your way is the mindset.

This episode just scratches the surface of what’s possible in large multifamily real estate investing, the rest can be found in The Multifamily Millionaire Volume II. As a reminder, if you purchase before the end of August 2021, you’ll get a four-week multifamily masterclass, taught by Brandon Turner.

In This Episode We Cover:

Why chasing larger deals leads to larger profits 

Understanding the skills needed to become a successful multifamily investor

Shrinking your criteria down to a micro-level, not just a macro overview

Starting (or investing in) syndications so you can get into bigger multifamily deals

Capital stacks, debt, and other types of financing when buying large properties

Why underwriting is more than just putting numbers into a spreadsheet

And So Much More!

Links from the Show

BiggerPockets Forums

BiggerPockets Calculators

BiggerPockets Pro Membership

BiggerPockets Youtube Channel

BiggerPockets Bookstore

Brandon's Instagram

David’s Instagram

BiggerPockets Podcast 126: From 0 to 400+ Units Through Value-Add Investing with Brian Murray

BiggerPockets Podcast 212: Buying a 115-Unit Apartment Complex for No Cash Out of Pocket with Brian Murray

Discover the Multifamily Book bonuses 

Click here to check the full show notes: https://www.biggerpockets.com/show497

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Law professors Michael Heller and James Salzman talk about their book, Mine! with EconTalk host Russ Roberts. Heller and Salzman argue that ownership is trickier and more complicated than it looks. While we tend to think of something as either mine or not mine, there's often ambiguity and a continuum about who owns what. Salzman and Heller explore a wide and surprising range of property rights from everyday life. The conversation includes a discussion of the insights of Ronald Coase on the assignment of property rights when rights conflict.

Today’s guest is Ryan Smith. He’s the CEO and co-founder of Qualtrics, one of the leading platforms that helps gather and analyze data from customers and employees to use for market research which he started out of his father’s basement with his brother and father. He was included in Fortune’s “40 under 40” in 2016. Qualtrics was acquired for $8 Billion in 2019. In 2020, he’s become the owner of the Utah Jazz NBA Team. Ryan is also a philanthropist. He’s the co-founder and board member of 5 for the Fight, which is a global campaign to gather funds for cancer research by donating $5.

In this episode we discuss why you should stop chasing money, how to balance priorities in the pursuit of success, how hitting rock bottom in a new country all by himself transformed Ryan’s life forever, the most underrated skill to have in life, how he became an owner of the Utah Jazz, and so much more!

For more go to: www.lewishowes.com/1146

Check out Ryan's websites: 5forthefight.org www.qualtrics.com

The Wim Hof Experience: Mindset Training, Power Breathing, and Brotherhood: https://link.chtbl.com/910-pod

A Scientific Guide to Living Longer, Feeling Happier & Eating Healthier with Dr. Rhonda Patrick: https://link.chtbl.com/967-pod

The Science of Sleep for Ultimate Success with Shawn Stevenson: https://link.chtbl.com/896-pod

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Max Greenwald (@MaxPGreenwald), founder and CEO of Warmly, joins Erik to discuss:

- Max’s journey navigating the idea maze to start the company.

- The problems with virtual meetings and why they lead to fatigue.

- How to ask questions of prospective customers without leading them into providing the answers you want to hear.

- Why he says that all interviews, first-time meetings, and team meetings are better done virtually than in-person.

- The future of work post-pandemic.

Thanks for listening — if you like what you hear, please review us on your favorite podcast platform. 

Check us out on the web at www.villageglobal.vc or get in touch with us on Twitter @villageglobal.

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In this episode Sam (@theSamParr) and Shaan (@ShaanVP) break down a multi-million dollar opportunity to unbundle Etsy ($24B market cap). Shaan also shares how he would approach it if he were doing it himself. The guys also talk about the multi-billion dollar elevator industry, a training program to become an MMA fighter, and whether tax incentives make Canada an attractive place to run a startup.

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Show notes:

* (1:10) Intro

* (3:30) The elevator industry

* (11:08) Unbundling Etsy

* (22:43) A crash course to become an MMA fighter

* (28:02) Mental Fitness

* (39:01) Moving to Canada + SRED credits

* (45:53) Reese Witherspoon's massive exit

* (51:45) Delta airlines meet Delta variant

Jocko Podcast

Podcast Notes Key Takeaways

• Successful leaders constantly allow their opinions/plans to be negotiated; this creates honest/open discourse
  • Understand that everyone in the organization wants to win, earnest dialogue creates legitimate feedback
  • Appropriate strategic discourse is only obtained from offering solutions, and not just identifying problems
• The phrase ‘well-oiled machine’ is actually counterproductive to decentralized command
  • Machines are typically single function and follow the rule of the task given. This limits your employees to be adaptive and creative in their opportunity to take ownership of a solution.
• The best form of leadership is no leadership
  • When culture creates a common understanding of purpose and goals, leadership becomes invisible

Read the full notes @ podcastnotes.org

You have to get use to delegating. Having trouble letting go of tasks.

Support this podcast at — https://redcircle.com/jocko-podcast/exclusive-content

Knowledge Project

Podcast Notes Key Takeaways

• “We are all in the Hospitality business”-Danny Meyer
  • Everyone succeeds when your stakeholders are rooting for your success. That’s the general definition of hospitality
• When technical skills today are so easily copied, emotional skills are the things that add more value to company culture to differentiate a candidate
  • 6 emotional skills for hiring: optimistic kindness, intellectual curiosity, work ethic, empathy, self-awareness, and integrity
• “Mistakes are the greatest renewable resource”– Danny Meyer
  • 5 ‘A’s of mistake making: Aware – Acknowledge – Apologize – Act – Apply additional generosity
• The location tells you what the restaurant should be. Don’t let the restaurant tell the location what to be
  • Also defines if a particular restaurant can or should be scaled
• A balance between customization and consistency is valuable to long-term, scaled, and diversified growth

Read the full notes @ podcastnotes.org

Celebrated restaurateur Danny Meyer discusses the intersection between hospitality and humanity, and why we are all in the hospitality business regardless of where we work. Meyer defines hospitality and how to deliver it with every interaction, how we can scale a feeling, hiring great people and when to let them go, and so much more.

Meyer is the Chief Executive Officer of the Union Square Hospitality Group, which comprises some of New York's most beloved and acclaimed restaurants, including Gramercy Tavern, The Modern, and Maialino. In 2004 Meyer and USHG founded the wildly popular Shake Shack, a New York fast-casual restaurant chain that has since grown to more than 250 locations around the world.

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Follow Shane on Twitter at: https://twitter.com/ShaneAParrish

Invest Like the Best

Podcast Notes Key Takeaways

• “Software is eating the world”– Marc Andreessen
  • We are getting better at making more with less
• If you want more job creation, you want more technology and productivity growth
  • Chart of the century – provides a great outline on the dilemma we are facing when it comes to this equation
• System shock – Covid provided a catalyst for many macro level business decisions that wouldn’t have been made
• “The more detached the legacy system (college & university) gets, the more practical and pragmatic the private sector will get” – Marc Andreessen
• It’s time to build everything – we have too much bureaucracy on production

Read the full notes @ podcastnotes.org

My guest today is Silicon Valley icon, Marc Andreessen. Before co-founding the legendary venture capital firm, Andreessen Horowitz, Marc was an early pioneer of the internet. At age 22, he built Mosaic, the first widely adopted web browser and the technology that underpinned Netscape Communications. Marc was an early proponent of cloud computing, social networks, and the software business model. In each case, Marc seemed to be well ahead of the crowd. During our conversation, we explore how software is making the world better, how slow sectors like education, healthcare, and housing are eating the economy, and Marc’s vision of the future for A16Z. Please enjoy my conversation with Marc Andreessen.

 

Before we transition to the episode, I wanted to highlight our newest series, Business Breakdowns. Each week we do a deep dive into an individual business to understand what makes it great. Find more information on joincolossus.com or search for and sign up to the Business Breakdowns feed on your preferred podcast player.                                        

 

For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.

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Invest Like the Best is a property of Colossus, Inc. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. 

 

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Show Notes

[00:04:10] - [First question] The ways in which software is eating the world

[00:06:25] - The power of transitioning from atoms to bits and its impacts

[00:09:57] - Potential downsides and credible concerns as we shift into an automated world 

[00:16:00] - Major impediments of productive growth over the coming decades  

[00:23:12] - Real change versus false change due to COVID-19 writ large 

[00:30:06] - Thoughts on the rising cost of post-secondary education in light of the internet

[00:37:03] - Why doesn’t Google have their own university and if they might in the future

[00:41:30] - Whether or not an entrepreneurial focus on generally slower sectors may produce excess returns

[00:44:17] - Thoughts on hardware, its unit economics, and its role in shaping society

[00:47:52] - How to think about investing in immensely complicated, large-scale projects

[00:54:10] - What they’re building at A16Z, a new crypto fund, and where their sights are set

[01:03:09] - East coast investing styles and things we can borrow from them

[01:06:01] - Potential plans to step into the public equity space 

[01:11:09] - Defining why it’s time to build and the imperative it sets

[01:15:13] - The kindest thing anyone has ever done for him

It takes a lot of effort to build a breakthrough product. It's perhaps even rarer to design a company that endures. In this interview, Mike Maples Jr of Floodgate interviews Matthew Prince and Michelle Zatlyn of Cloudflare to highlight what we can learn about how to get a startup's foundation right, along with recruiting, hiring, and company design.

Infinite Loops

Podcast Notes Key Takeaways

• The biggest difference between the physical and digital world is the reorientation of value from production scarcity to demand/attention scarcity
• ‘world building’ – you can’t speak to every customer all of the time but you can create an environment for the community to be connected and explore new challenges
  • “The ability to create new challenges on the internet is unlimited” – Alex Danco
  • Middle management are the building blocks for world creating – the intermediary by constructing a reality that does not literally produce anything, maintaining the meaning to work
• The Office is a great example of the comprehensive cynical theory of management and world-building to create a sustainable and meaningful workplace
  • Michael, Dwight, and Andy are in charge of ‘world building’ and perpetuating meaning to themselves and Dunder Mifflin
• Status is relative to the nature of the ‘world’ you reside in
  • Rich is not always interesting or unique, value and cultural relevancy is detached from reality but exclusively attached to your world

Read the full notes @ podcastnotes.org



As our recurring guest, Alex Danco of Shopify returns to Infinite Loops for the third time! We talk about:

• Age of Scarcity vs. Abundance
• Everyone's job is World Building
• Early days of the Internet
• 'The Office' — and it's parallels with the real world
• Hierarchies in corporate and cultural America
• and a LOT more! 

Follow Alex on Twitter at https://twitter.com/Alex_Danco and read his amazing essays at https://alexdanco.com/