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By Kevin Bupp
4.8
674674 ratings
The podcast currently has 1,316 episodes available.
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Early on, most real estate investors are chasing the same thing: more. More properties. More units. More cash flow. But eventually, “more” becomes a trap. Every acquisition brings new challenges and risks. At some point, the smartest move isn’t buying more. It’s pruning. Chris Lopez, co-founder of Property Llama and host of the PassivePockets podcast, argues that investors should act more like fund managers by routinely reassessing, rebalancing, and reprioritizing their investments. Because the “buy and hold” strategy has a potentially dangerous blind spot: not enough investors consider the exit, or whether an investment is still the best use of their capital, time, and energy. Chris learned this lesson when he decided to finally cut ties with rental properties that no longer aligned with his long-term goals. After selling multiple rental properties and moving much of his capital into more hassle-free, passive real estate investments, he had just one regret: not doing it sooner.Chris shares exactly what prompted the pivot toward passive investments, what he looks for when evaluating sponsors, and how to curate an investment portfolio that helps you build wealth without losing sight of your end goal.Insights from today’s episode: How Chris tripled his cash flow by moving from “headache” rentals into passive investmentsHow to offset your capital gains taxes with the “lazy” 1031 exchangeWhy “passive” investing isn’t nearly as hands-off as many assumeThe biggest red flags to avoid when vetting a sponsorA cautionary tale for investors banking on future rent growthReal estate’s biggest investing advantages over stocks and bonds — Connect with Chris on LinkedIn Property Llama PassivePockets Recommended Resources:If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions.

After more than 50 years in commercial real estate, Bill Cummings has built an 11-million-square-foot portfolio spanning 12 communities around Greater Boston. But he did so by ignoring many of the conventional rules of real estate investing. When his peers suggested he explore new markets, he stayed local. When others urged him to sell, he continued to hold for decades. And when other developers steered clear of neglected buildings, Bill saw opportunity, transforming overlooked properties for enormous profits. This contrarian approach hasn’t just helped shape the culture at Cummings Properties; it’s also caused Bill to rethink his entire philosophy about business and wealth. Having arrived at his own definition of “enough” long ago, Bill has since turned his attention to a much bigger purpose: the Cummings Foundation, which has awarded over $650 million in grants to nonprofits throughout the suburbs of Boston and beyond. But to understand how Bill built an empire, we have to go back to the beginning. In this episode, he shares the early successes, failures, and the simple conversations with his father that influenced his views on price, value, opportunity, and what actually makes a great investment. Insights from today’s episode: Why Bill repeatedly buys properties most developers pass upThe $500,000 commercial property no one wanted (that made a fortune)The key to maintaining high occupancy in commercial real estateThe one type of commercial building Bill refuses to buyHow to define “enough,” and what to do once you reach it — Cummings Properties Cummings Foundation Starting Small and Making It Big Recommended Resources:If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions. 00:00 Lessons from 50+ Years in Real Estate05:43 Local, Buy-and-Hold Investing12:01 Building Strong Culture16:18 The Property "No One Wanted"25:59 Bill's Recent Deal31:14 How to Improve Occupancy33:13 Property Red Flags36:20 What Is "Enough"?40:11 The Cummings Foundation43:24 Connect with Bill!

Tax liens are often pitched as a passive way to earn double-digit returns from investments that are backed by real estate. This is only half true. While these investments average 13%-18% annual returns, they may actually be one of the least passive investing strategies. With roughly 20 years of experience as a real estate investor, attorney, and title professional, Stephen Morel understands all that this strategy entails better than most. The truth is that most investors are thinking about these investments the wrong way. Tax liens aren’t a shortcut to acquiring cheap properties. In fact, only 1% of these properties ever get foreclosed on. Rather, tax lien investing is a yield play. Unfortunately, due to the complexity surrounding these investments, institutional investors with access to large amounts of capital have long had a stranglehold on this industry. Stephen is on a mission to change that. Through his tech startup, JurisDeed, he’s breaking down barriers and finally bringing these strong returns down to the level of the “small” investor. Today, he shares exactly how he and his team are simplifying the entire process—from acquisition to liquidity.Insights from today’s episode:How to make double-digit returns in 2026 by investing in tax liensTax lien investing explained and how the auction process worksThe two phases of due diligence for every tax lien dealWhy institutional investors have long dominated the tax lien marketplaceHow Stephen is bringing new investing opportunities down to “small” investors—Connect with Stephen on LinkedIn JurisDeedRecommended Resources:If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions.

Commercial real estate acquisitions doesn't simply mean finding a deal, underwriting it, and hoping for the best. Often, having the discipline to act on what you find will make you wealthier than even the greatest properties you could buy. Every investment has skeletons in the closet, and even if the problems you inevitably uncover are fixable, some just aren’t worth fixing. So when do you draw the line even after you’ve fallen in love with the deal? Today, I’m speaking to my partner and CEO of Sunrise Capital Investors, Brian Spear. We started as a two-person team, running everything from acquisitions and due diligence to operations and value-add. Now, our team has grown substantially, and we’ve acquired nearly $500M in properties that fit our buy box and provide peace of mind to our investors. Even after decades in the investment property and commercial real estate space, we still get stuck. A recent deal looked profitable on paper and had a clear, solvable solution for problems, but it was too much for us to stomach, so we walked away, even with $60,000 spent in pursuit costs. Exiting was a painful but wise move, so how do you know when to do the same? Today, Brian and I talk about how to run acquisitions the right way, control your investment’s outcome, and explain what happens when a deal's mechanics change while you're under contract. If you can build your system and team to protect against the downside, prepare for upside, and weather the in-between, you can scale smarter than the competition. Insights from today’s episode: When to walk away from a deal even after tens of thousands in pursuit costs Why a “solvable” problem is not always worth fixing in a property How much can you truly count on infill value-add when acquiring a mobile home park?How the quality of your mobile home community can dictate how fast you recoup your investment Selling properties that were once cash cows due to a changing landscape The people are the power: how your team dictates your result on any real estate deal — Hear More from Brian on The Sage Investor Subscribe to Brian’s Channel on YouTube Connect with Brian on LinkedIn Recommended Resources:If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.Chapters: 00:00 Intro02:33 The "Infill" Upside05:53 Control Your Investment's Outcome09:53 Challenging Value-Add (Worth It?)12:56 When to Walk Away (Real Example)20:00 Sunk Costs (Gained Knowledge)22:00 Never Think Short-Term24:40 When the Budget Gets Blown Up30:30 Is the Value-Add Worth It?37:16 Controllable Often Beats "Fixable"38:56 Selling What Used to Work42:47 Your Team Controls Your Destiny49:04 My Sage Acquisition Principle Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions.

What separates a piece of commercial real estate that doesn’t survive from one that endures for decades—and through multiple market cycles? It’s a question Ed Pitoniak, founder and CEO of VICI Properties, has spent the last several years working to answer. Today, Ed leads one of the nation’s largest owners of experiential commercial real estate. But he took an unconventional path to get there, starting at a ski publication before moving into hospitality and, eventually, real estate. Along the way, he forged the skills and perspective needed to navigate some of the industry’s toughest challenges, from the rising costs of capital to tenant concentration risk. Ed shares how he underwrites real estate deals to account for today’s high-interest-rate environment and the two-part strategy he’s using to slowly but surely diversify VICI’s tenant base. He also breaks down how his team evaluates not only the properties they acquire but also the triple-net lease tenants occupying them after closing. Plus, Ed shares the thesis behind a real estate category he believes will be one of the more durable asset classes over the next several decades. Insights from today’s episode: The real “durability test” for any piece of commercial real estateHow Ed weighs risk and reward when underwriting new opportunitiesThe biggest challenges when working with triple-net lease tenantsThe two-part strategy for mitigating tenant concentration riskHow to vet operator and asset quality before buying a propertyCriteria for determining if a real estate category has real staying power — VICI Properties Connect with Ed on LinkedIn Recommended Resources:If you’re a high-net-worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, click here for opportunities to invest in real estate projects alongside Kevin and his team. Accredited Investors, you’re invited to Join the Cash Flow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com. Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Chapters: 00:00 Intro01:05 Transitioning to Real Estate06:08 The Birth of VICI Properties15:04 Property and Operator Quality20:43 Triple Net Lease Tenants25:45 Weighing Risk & Reward30:46 Mitigating Concentration Risk33:09 The Future of Experiential Real Estate36:33 The Ultimate Durability Test41:29 Connect with Ed!Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions.
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