Purpose-Driven Wealth

In this episode of Purpose-Driven Wealth, your host, Mo Bina, talks with Mark Podolsky about how investing in raw land took him out of the nine-to-five life. Mark got honest about how investing in land can be boring. For him, this is the reason why there are no reality shows about it. Mark explains how he makes investing in raw land irresistible, what wholetailing is about, their take on a deal a day, and what readers can take away from his book, DIRT RICH.

In this episode you will learn:

• Flipping lands can get 300% returns?
• What are land notes?
• Mark Podolsky, on buying and selling raw land every day
• A lot of people still don't really understand the actual value of land
• What the book DIRT RICH is all about?
• and so much more!

About Mark Podolsky:

Mark J. Podolsky (AKA The Land Geek) is widely considered the Country's most trusted and foremost authority on buying and selling raw, undeveloped land within the United States. He has been actively investing in Real Estate and Raw Land since 2001 and has completed over 5,000 unique transactions.

Follow Mark Podolsky on:

Website: https://www.thelandgeek.com/

Dirt Rich: How One Ambitiously Lazy Geek Created Passive Income in Real Estate Without Renters, Renovations, and Rehabs, Book by Mark Podolsky:

https://www.amazon.com/Dirt-Rich-Ambitiously-Created-Renovations/dp/1544510772

Learn How to Earn the Land Geek Way with Wholetailing; Join this FREE Course:

https://www.thelandgeek.com/wholetailing

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Seth Ferguson about his decade journey as a broker that made him transition to multifamily. After stumbling upon different stories and experiences in the single-family space, Seth realized that he 'was investing in the wrong asset.' Here, Seth shares how he transitioned from the world of hockey to becoming a multifamily investor; he also speaks on why he believes the private sector is always more efficient than the government and what readers can expect from his book, Sell For More: How to Sell Your Home for Maximum Value in Any Market.

In this episode you will learn:

• Seth Ferguson on investing in the wrong assets
• Wall Street has its own interests, and it usually doesn't include you
• You can't tax the economy into better days!
• The market takes care of itself
• The book, Sell For More is all about…
• and so much more!

About Seth Ferguson:

Over the past 13 years, Seth has been involved in many facets of real estate, including multifamily investment, single-family portfolios, brokerage, and structuring.

His experience led him to hosting a real estate tv shows, hosting a real estate investment podcast, and writing his first real estate book, Sell For More.

Seth is known for his fun, easy-to-follow, no-nonsense approach to real estate.

Follow Seth Ferguson on:

Website: http://www.sethferguson.org/

https://multifamilyconference.ca/

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina talks with the CEO & Founder of AKRU, Mohsin Masud, about the future of commercial real estate investing in the age of blockchain evolution. Blockchain and tokenization are everywhere. Here, Mohsin explains the tokenization of real-world assets, how investors benefit from integrating blockchain and real estate investing, and how blockchain's internet-like evolution will influence the future's financial systems and let go of the traditional system's inefficiencies. In this episode you will learn:

• Mohsin Masud on merging blockchain and real estate
• What is tokenomics?
• The six major benefits for investors who invest in real estate through blockchain
• AKRU's goal to open to 'all' types of investors
• Mohsin Masud on the future of investing in commercial real estate
• and so much more!

About Mohsin Masud:

Mohsin is the CEO & founder of AKRU, a He is an expert in real estate development & tokenomics, specifically utilizing dual and three token blockchain architecture for the tokenization of real-world assets.

Mohsin has over a decade of experience in Real estate investments and development & having run a successful Investment company. He has studied at York University, Harvard Business School, Graduate school of Design at Harvard University, and most recently at Said Business School at the University of Oxford with a focus on finance, real estate development, urban design & blockchain.

Follow Mohsin Masud on:

Website: https://www.akru.co/

LinkedIn: https://www.linkedin.com/in/mian-masud/

Email: [email protected]

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina sits with Joel Friedland to talk about the uniqueness of industrial real estate in comparison to residential. Industrial real estate, normally, doesn't interact with the public in a way that residential assets do. This same reason is why it's challenging for most to get into the industrial market. Here, Joel discusses the types of businesses that make industrial real estate what it is, what Warren Buffett's circle of competence is all about, why first-time investors are concerned with single-tenants, his different approach to mitigating risk, and more. In this episode you will learn:

• Industrial real estate houses very unique businesses
• It's hard to go wrong in a market that you know down to the littlest detail
• Why you shouldn't put all your money into one industrial property
• What is The Society of Industrial and Office Realtors?
• What is a dutch auction?
• and so much more!

About Joel Friedland:

Joel has a 40-year track record in industrial real estate. He co-founded Epic/Savage Realty Partners in 1991, where he oversaw hiring and mentoring 60 industrial real estate professionals, many of whom became his partners. His group sold the firm to an international real estate company in 2014, and Joel started Brit Properties.

As an industrial real estate broker and owner, Joel has secured over 2,000 industrial property leases and sales. His greatest accomplishment is maintaining valued relationships spanning five decades.

Joel attended the University of Michigan. He enjoys spending time with his family in Deerfield and in the great outdoors.

Follow Joel Friedland on:

Website: https://britproperties.com/

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Rick Allen of PaperStac to get a better understanding of how their technology help investors get the best out of note investing. What is note investing? Is it for everybody? Here, Rick explains the primary benefits of investing in notes, why note investing is an excellent strategy for building wealth, and why note investing may not always be for everybody. In this episode you will learn:

• How Rick Allen got into note investing
• What is note investing?
• The different reasons people invest in notes
• How PaperStac helps note investors
• Is what's happening in the single-family home market a mere reaction to the pandemic?
• and so much more!

About Rick Allen:

Allen is currently the Co-Founder and CEO of Paperstac, an online marketplace for trading whole loans. Additionally, he is the co-host of the Paperstac Podcast and is one of the founders of Money With Meaning Fund (MWMfund).

Follow Rick Allen on:

Website: https://paperstac.com/

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina is joined by Eric Shirley to explain what's conservative and what's not in conservative underwriting. Even with the current craze for cryptocurrency, with more and more governments adopting the technology, how come real estate investing still weathers the storm better? As an underwriter for Four Oaks Capital, Eric lets us pick his brain regarding conservative and aggressive underwriting, the future for multifamily, and the trends that face the crisis of affordable housing head-on.

In this episode you will learn:

• Multifamily is a complete language of its own
• What conservative underwriting is and what it's not
• We are at a tail end of an economic market cycle
• Real Estate Investing > Cryptocurrency, Stock Market
• Today's construction cost is a headache to the issue of affordable housing
• and so much more!

About Eric Shirley:

The term "conservative underwriting" gets thrown around quite casually these days, which has diluted its impact. Eric has a tremendous talent for walking investors through the underwriting at an analytical level that encompasses every aspect of the investment.

Presented in a way that causes investors to have that "a-ha" moment where everything clicks into place and illuminates exactly how our conservative underwriting is just that. Eric's underwriting prowess is such that he is routinely solicited from outside firms to audit their underwriting.

Couple that with years of building broker relationships ensures the highest caliber of investment opportunities coming across your desk.

Follow Eric Shirley on:

Website: https://www.fouroakscapital.com/

LinkedIn: https://www.linkedin.com/in/eric-shirley-68125925/

Email: [email protected]

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina is joined by Glenn Esterson to discuss the general setup for investors and those looking for affordable housing in the mobile home community. After sharing how Glenn transitioned from farming to being Marcus & Millichap's national team for mobile home communities vice president, he simplifies market terminologies, what's more important than cap rate compression, the two basic types of 'rentals' in the mobile home community, and what he suggests for those looking to invest in mobile homes. In this episode you will learn:

• How Glenn got into investing in mobile home parks
• The changes with MHCs in the past decade
• Glenn Esterson on the spread between operating cap rates and bank loan interests
• The responsibilities that come with park-owned and tenant-owned homes
• Suggestions for syndicators looking for deals in the MH community
• and so much more!

About Glenn Esterson:

Glenn Esterson has been a commercial real estate broker since 2001 and bought his first manufactured home community in 2004. He has sold hundreds of parks nationwide and continues to be one of the industry's most active brokers.

In 2019 Glenn was recruited by Marcus & Millichap as a Vice-President to build a national MHC/RV team with an emphasis on the east coast and sunbelt markets.

Most recently Glenn has authored the MHC industry's newest book called The Mobile Home Park Manifesto which is now available here or on Amazon.

With more than twenty years in the commercial real estate business, Glenn has successfully owned and operated mobile home parks, as well as assisting his clients buy and sell land lease communities throughout the U.S. markets.

Early in his career, Glenn worked with low income housing and conducted apartment sales, condo-conversions and property management. From there, Glenn transitioned into investment sales of manufactured housing communities & RV parks throughout the Southeast and Mid-Atlantic and now the entire nation.

Glenn works exclusively with institutions, syndication's and private investors as their primary real estate investment adviser for their acquisition and disposition needs. Glenn provides clients with expertise in asset management, portfolio analysis, site selection, optimizing and implementing achievable upside plans, traditional brokering and consulting. Glenn has executed more than 400 transactions over his career.

Follow Glenn Esterson on:

Website: https://estersonmhcteam.com/

LinkedIn: https://www.linkedin.com/in/glenn-esterson-66760129/

The Mobile Home Park Manifesto: Ethical and profitable investing in non-institutional grade land lease communities, eBook by Glenn D. Esterson:

https://www.themhpexpert.com/buy-the-book-the-mhp-manifesto/

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina talks with Garrett Sutton about the many strategies investors and entrepreneurs can take to protect their assets. To be able to protect your assets, one should know what to protect them from. Here, Garrett explains how inside and outside attacks affect your LLC, the line of defense your LLC can have, what Garrett tackles in his upcoming book, VEIL NOT FAIL, and much more. In this episode you will learn:

• Garrett Sutton on being a part of Rich Dad Advisors Group
• Why do you need an LLC?
• Not transferring the title to your LLC is a mistake
• If Delaware is the 1st state for LLCs, Wyoming is the 1st state for blockchain and crypto tech
• What to expect from the book, VEIL NOT FAIL
• and so much more!

About Garrett Sutton:

Garrett Sutton is a corporate attorney, asset protection expert and best selling author who has sold more than a million books to guide entrepreneurs and investors.

For more than 30 years, Garrett Sutton has run his practice assisting entrepreneurs and real estate investors in protecting their assets and maximizing their financial goals through sound management and asset protection strategies. The companies he founded, Corporate Direct and Sutton Law Center, currently help more than 13,000 clients protect their assets and incorporate their businesses.

Garrett also serves as a member of the elite group of "Rich Dad Advisors" for bestselling author Robert Kiyosaki. A number of the books Garrett Sutton has authored are part of the bestselling Rich Dad, Poor Dad wealth-building book series. Garrett enjoys speaking with entrepreneurs and real estate investors on the advantages of forming business entities. He is a frequent lecturer for small business groups as well as the Rich Dad Advisors series.

Garrett attended Colorado College and the University of California, Berkeley, where he received a B.S. in Business Administration in 1975. He graduated with a J.D. in 1978 from Hastings College of Law, the University of California's law school in San Francisco. Garrett is licensed in Nevada and California.

Garrett is a member of the State Bar of Nevada, the State Bar of California, and the American Bar Association. He has written numerous professional articles and has served on the Publication Committee of the State Bar of Nevada. Additionally, He has appeared in the Wall Street Journal, Credit.com and other publications.

He serves on the boards of The American Baseball Foundation, based in Birmingham, Alabama and The Nevada Museum of Art and Sierra Kids Foundation, both based in Reno, Nevada. Garrett has been recognized as a Lifetime Achievement Member by America's Top 100 Attorneys.

Follow Garrett Sutton on:

Website: https://corporatedirect.com

Schedule a free 15-minute consultation with an Incorporating Specialist (not with Garrett, but with one of his paralegals): https://corporatedirect.com/schedule Link to RDA Press website where "Veil Not Fail" ebook will be available (all of Garrett's other Rich Dad books are available here as well) https://rda-press.com Amazon pre-order link for "Veil Not Fail" print version: https://amzn.to/3LgW9JU

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina is joined with Doug Fullaway to discuss why senior living real estate shouldn't be overlooked. Traditionally, businesses in senior assisted living tend to be on the stripped-down, basic side of operations. And that has contributed to its slow pace. But does "slow pace" also pertain to revenue? Doug shares why few retail investors invest in senior living, why he allots time training managers, why he wrote the book Investing in Senior Living, and why senior living has not failed to grow despite its slow adoption of modernity.

In this episode you will learn:

• Senior living operations rejected technology for so long
• Why did Doug write the book, Investing in Senior Living?
• Investing in multifamily vs. senior living real estate
• The interesting sub-niches within the niche of senior living
• In the world of senior living, labor has always been a heavy component
• and so much more!

About Doug Fullaway:

Senior Living operational excellence has been the focus of my work since 2002. I was the COO and then the CEO of Vigilan, a leading supplier of software for assisted living, memory care, and independent living. Our customers included many of the leading companies like Emeritus, Brightview Senior Living, and Capital Senior Living.

Vigilan introduced subscription pricing to the senior living market and helped hundreds of senior living communities increase service revenues by $100/resident/month. While working for RealPage after Vigilan was acquired, I pushed for the use of call centers to increase tours by over 40% at Brookdale Senior Living and Holiday Retirement.

I also developed a business simulation tool that is still used to teach senior living at leading universities. I have been part of the team that acquired poorly running communities and turned them around. I sit on the Board of the Center for Health Administration and Aging Services Excellence (CHAASE) at the University of Wisconsin Eau Claire and the Board for the Veteran's Centers of Oregon. Senior Living is my passion!

Doug's book, Investing in Senior Living, can be found at Amazon.com.

Follow Doug Fullaway on:

Website: https://fourteenplus.com/

Investing in Senior Living: Earning Superior Returns While Improving the Lives of Seniors, Book by Douglas Fullaway:

https://www.amazon.com/Investing-Senior-Living-Superior-Improving-ebook/dp/B01MSOWY5R

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index

In this episode of Purpose-Driven Wealth, your host Mo Bina and guest Richard Kent talk 'flexibility' in industrial flex spaces. When other assets started looking like ghost towns during the pandemic, industrial spaces were spared. In fact, in Avistone, vacancy rates didn't look any different from pre-pandemic numbers. Richard explains how industrial properties benefit from the industries they serve, the preparedness industrial real estate operators need to constantly be in, why 40% of their investors are CPAs, and the general explanation of how phenomenal flexible industrial spaces can be. In this episode you will learn:

• What Richard Kent learned as a stockbroker
• The industries that Avistone leases to
• Tenants aren't going to pay thousands for rent for a space that needs further improvement
• The trends for industrial real estate
• It's a once in a decade opportunity to invest in hospitality real estate
• and so much more!

About Richard Kent:

Richard Kent oversees Avistone's capital markets operations and brings 40 years of experience in financial services, real estate investment, and capital markets to the company.

Having completed transactions in commercial properties valued at more than $2 billion, Richard served as a senior executive at Auction.com (now Ten-X) prior to founding Avistone.

Over the course of his career, Richard has held senior positions in the commercial real estate departments of Wall Street firms, commercial banks, and real estate operating firms, including Drexel Burnham, Salomon Smith Barney, and Commercial Capital Bank (now JP Morgan Chase) and Deutsche Bank Berkshire Mortgage.

Rich holds a BA in Political Science and Economics from San Diego State University.

Follow Richard Kent on:

Website: https://avistone.com/

Connect with Mo Bina on:

Website: https://www.high-risecapital.com/

Medium: https://mobina.medium.com/

For more information on passive investing in commercial real estate, please check out our free eBook — More Doors, More Profits — by clicking here: https://www.high-risecapital.com/resources-index