Today, we are joined by Jay Parsons, who serves as the Senior VP and Chief Economist for RealPage. He's a frequent author and sought-after speaker on topics related to multifamily apartments and single-family rentals and has been cited in the Wall Street Journal, Bloomberg, the Financial Times, and the New York Times. In this episode of the Real Estate Investor Podcast, Jay offers his insights into market trends and consumer behavior as we discuss the US housing market shortage, nationwide rent growth, his predictions regarding interest rates in 2023 and 2024, the differences between true affordable housing and naturally occurring affordable housing, and more. For key metrics to watch and a better understanding of how technology can help you drive down costs, plus so much more, be sure to tune in today!

Key Points From This Episode:

• Jay’s take on the US housing market, which he thinks is short more than five million units. 
• Why he doesn’t like the term overbuilding and what he views as the real challenge with supply.
• Rent growth in Arizona, Texas, Florida, the Midwest, and more.
• Jay’s belief that you can find success in any market with the right strategy.
• His predictions regarding interest rates for the remainder of 2023 going into 2024.
• What it means to be a “homeownership-centric society.”
• Why Jay is a supporter of what he calls targeted rent control.
• True affordable housing versus naturally occurring affordable housing (NOAH).
• Data points that Jay has been focused on and surprised by recently.
• Ways to boost ancillary revenue while also driving down expenses.
• Why Jay doesn’t believe that values will depreciate in the near future.

Links Mentioned in Today’s Episode:

Jay Parsons on LinkedIn

Jay Parsons on Twitter

RealPage

RealPage Analytics

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

After partaking in over 40 real estate investments, you’re bound to learn a thing or two! Today’s guest is the founder of Velocity Capital, Steeve Breton and he is here to tell us all about what he has learned from his vast investment experience. In this episode, you will get some insight into the patterns Steeve has seen throughout his time in this space, and find out why overpromising on returns is dangerous. Steeve shares the importance of being realistic, and how he has overcome particularly difficult obstacles. Having experience and being educated in investing is really the most effective way to ensure success and today, Steeve shares the best real estate advice he has ever received before sharing some words of wisdom of his own. Lastly, he reminds us of the importance of good partners (and spreadsheets!) To hear all this and more, tune in now!

Key Points From This Episode:

• A brief overview of today’s guest, Steeve Breton. 
• Steeve shares some trends he’s seen throughout his years of investing.
• The dangers of overpromising on returns. 
• Steeve tells us about a difficult obstacle he had to handle on a deal and how he overcame it. 
• Why the best real estate advice Steeve ever received was to ‘only do fat deals.’ 
• The importance of education and experience in this industry. 
• The two things Steeve tells new investors as a coach. 
• Why the best ‘tool’ at Steeve’s disposal is good partners. 

Links Mentioned in Today’s Episode:

Steeve Breton on LinkedIn

Velocity Capital

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Homelessness and poverty are becoming overwhelming and with the school system failing children, we are not much closer to solving the problem! Today on the Real Estate Investor Podcast, we are joined by the incredibly accomplished professional wrestler and entrepreneur, Daniel Puder to discuss the amazing impact investment program that he has created to help tackle these issues. Tuning in, you’ll hear all about what inspires him, how he became enlightened to the real issues in the world, and why money does not bring happiness. He explains why he created his leadership development program and what his goals for it are over the next decade. Finally, he shares the secret to his success: teamwork! You don’t want to miss this one!

Key Points From This Episode:

• A brief overview of today’s guest, Daniel Puder.
• Daniel shares the incredible things that inspire him and when he became enlightened. 
• The best advice Daniel ever received and why making money is not going to make you happy. 
• All about the leadership development work Daniel is doing with youth. 
• Daniel’s goal for his impact investment over the next 10 years. 
• How the right team and understanding the market’s future has been the secret to his success. 
• Why Daniel prefers contract-based outcomes. 

Links Mentioned in Today’s Episode:

Daniel Puder

Daniel Puder on Instagram

Daniel Puder on Twitter

MLMPI Prep Academy

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Health plays such a big role in productivity, making good decisions, and basically being at your best. Joining us today to talk about why optimum health is so important for maximum returns (even in real estate) is Joe Fang, the director of investor relations at Break of Day Capital. Tuning in you’ll hear about what inspired Joe’s health kick and why he believes so strongly that health and wealth are in synergy, before he breaks down his three most important factors for maintaining a healthy lifestyle. We talk about the circadian rhythm, time-restricted eating, and being physically active, as well as the value of alternative doctors and restricting your exposure to blue light. Tune in to find out what you could implement today to improve your health, your wealth, and your life!

Key Points From This Episode:

• Today’s topic: optimum health for maximum returns in real estate.
• An introduction to today’s guest Joe Fang and what inspired his health kick. 
• How health and wealth are in synergy. 
• How passive investments and syndication helped Joe explore the world of healthy living. 
• Three things that the average person could do to change their life for the better, starting with being mindful of your circadian rhythm. 
• The benefits of time-restricted eating. 
• What it means to be physically active.
• Resources to help you manage blue light. 
• The value of alternative doctors.
• Why exercising more and eating less doesn’t always work. 
• Where to find more information on the principles discussed in this episode. 

Links Mentioned in Today’s Episode:

Joseph Fang on LinkedIn 

f.lux 

Iris 

Dr. Jack Kruse 

Leland Stillman 

Jay Montgomery  

Courtney Hunt

Dr. Satchin Panda

Dr. Jason Fung 

The Weston A. Price Foundation

Mark Sisson 

Primal Kitchen

The Life Stylist Podcast with Luke Storey 

Andrew Huberman 

Dr. Joseph Mercola

Dr. Steve Lynn 

The Circadian Code

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

If you want to stand out as an investor in the short-term rental market, this is the episode for you! Within 12 months of entering the real estate world, Michael Elefante and his wife had reached their goal of attaining financial freedom. Today, they are managing seven short-term rentals as well as running a coaching program (BNB Investor Academy), a property management company (Hometeam Vacation Rentals), and a design company (Somerled Designs)! Tune in today to hear about the power that lies in leveraging technology in the real estate space, the tools that Michael uses to optimize his approach to short-term rentals, the KPIs that he focuses on, and the goals that he has for the future! 

Key Points From This Episode:

• The goal that attracted Michael and his wife into the real estate space (which they achieved within 12 months).
• What Michael’s working life currently consists of.
• How technology has transformed the short-term rental space.
• Michael’s favorite real estate investment tools.
• Factors that are indicative of the success (or not) of a short-term rental property.
• KPIs that Michael focuses on.
• How to set yourself apart from your competitors in the short-term rental space.
• Goals that Michael has for the future.

Links Mentioned in Today’s Episode:

Michael Elefante on LinkedIn

Michael Elefante on YouTube

Michael Elefante on Instagram

BNB Investor Academy

Home Team Vacation Rentals

Somerled Designs

The Social Wealth Podcast

AirDNA

Guesty

PriceLabs

Wheelhouse

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Today, we are joined by Mat Sorensen to learn the ins and outs of using IRAs and 401(k)s to invest in real estate and other assets. Mat is the CEO of Directed IRA, a senior partner at KKOS Lawyers, and the bestselling author of The Self-Directed IRA Handbook. In this episode, he breaks down how to raise money for real estate deals with IRAs and shares the pros and cons of doing so. Mat demystifies the QRP and explains how to qualify for a solo 401(k), before delving into the content of his acclaimed book. Tune in to find out how to make the most of your retirement fun and why you should always be chasing the best possible return.

Key Points From This Episode:

• Mat Sorensen’s specialty: using IRAs and 401(k)s to invest in real estate and other assets.
• Raising money for real estate deals with IRAs.
• How to self-direct and invest in real estate with an IRA versus a 401(k).
• The drawbacks of investing through IRAs.
• Why you should be chasing the best possible return.
• Mat demystifies the QRP.
• How to qualify for a solo 401(k).
• Mat explains the side door solo 401(k) strategy.
• The target readership for Mat’s book, The Self-Directed IRA Handbook.
• The impetus for writing the book.

Links Mentioned in Today’s Episode:

Mat Sorensen

Mat Sorensen on LinkedIn

Mat Sorensen on Twitter

Mat Sorensen on Instagram

Mat Sorensen on YouTube

The Self-Directed IRA Handbook

Directed IRA

KKOS Lawyers

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Joining us today is Perry Zheng, the Founder and CEO of Cash Flow Portal, a company helping many real estate syndicators raise millions by making it easy to raise money, streamline operations, and reach investors to win more deals than ever before. Perry is the ultimate tech whiz and real estate guru. With over a decade of experience in top tech companies like Lyft, Twitter, and Amazon, he's a pro at managing engineering teams and creating cutting-edge software. He is also a lead sponsor for over 1,000 units in the real estate game. In our conversation, we talk about the benefits of using Cash Flow Portal and why it is a must-have for every real estate investor. We learn about his entrepreneurial journey to starting Cash Flow Portal, what makes his software different from other syndication software, and the hobby that led him to start a company. Our conversation also covers the driving force behind Cash Flow Portal and how it plans to get listed as a public offering. Hear about exciting new functions the company has planned, such as a marketplace for investors and upcoming partnerships with banks. Tune in to learn how to enhance your syndication game and hear everything an investor needs to know to save time and money with Perry Zheng! 

Key Points From This Episode:

• Background about Perry and his unique set of expertise. 
• Find out about Cash Flow Portal and what makes it stand out from the rest.
• How long he has been building and working on Cash Flow Portal.
• Hear about his entrepreneurial spirit and why he became interested in real estate.
• How his background as an engineer was beneficial for real estate investing.
• We discuss the skills and mindset needed for successfully running a business.
• Discover how the company has been able to grow without any marketing.
• What other features Cash Flow Portal has planned for the future.

Links Mentioned in Today’s Episode:

Perry Zheng on LinkedIn

Perry Zeng Email

Cash Flow Portal

Cash Flow Marketplace

Lyft

Y Combinator

Exportal

ChatGPT

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

Today’s guest Suzy Sevier started her real estate business with her husband while they were living in Cambridge, England, and investing in Oklahoma. Suzy is a multifamily and short-term rental owner and operator, and the co-founder of Adventurous Real Estate Investors. In this episode, she shares what she has learned in her time managing assets long distance. Tuning in you’ll hear about some of the obstacles she has faced and how she overcame them. She explains what she likes about using Asana for documentation, how she got her property manager to use it too, and what other tricks or tools she uses to overcome distance. We also discuss the importance of relationships and how to hold your team accountable from far away. Tune in today to hear some of the biggest lessons that Suzy has learned from long-distance asset management. 

Key Points From This Episode:

• An introduction to Suzy Sevier of Adventurous Real Estate Investors. 
• What long-distance asset management is to Suzy.  
• Some of the obstacles Suzy has faced in long-distance asset management and how she overcame them.
• What she likes about using Asana for documentation.  
• What it has been like for Suzy to work with a property manager. 
• Other tricks or tools that Suzy uses to help overcome distance. 
• How she uses Asana and property management meetings to hold her team accountable.
• One of the biggest lessons that Suzy has learned from long-distance asset management. 
• Why Suzy believes that her asset management superpower is relationships.

Links Mentioned in Today’s Episode:

Suzy Sevier 

Adventurous Real Estate Investors 

Suzy Sevier - Contact Info 

Asana

Google Drive

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

We’re back with a new name, new look, and more of the same incredibly educational content with the Real Estate Investor Podcast! This episode has a little bit of a different feel as we welcome another host to the show, Joseph Fang, and delve into the reasons for changing the podcast’s name. We even look back on some of our favorite episodes and guests before hearing a bit of personal information about our incredible leader, Gary. Gary shares some phenomenal advice for young investors that he wishes he had known as a younger entrepreneur. Finally, he tells us all about his speech and the award he won at the non-profit organization, Pretend City’s event. You don’t want to miss out on the introductory episode to our new beginning, so tune in now!

Key Points From This Episode:

• Why we have decided to change the name of this podcast and what will be changing. 
• Gary tells us about some of his favorite guests and the best words of wisdom they shared. 
• Joseph also shares his favorite episodes with us. 
• Gary shares with us what he loves doing outside of work. 
• He tells us why his favorite non-real estate book is Crucial Conversations.
• Why Gary took his family to Spain and Portugal recently and what it was like. 
• We learn all about Gary’s two favorite projects. 
• Gary tells us what advice he would give to his younger self knowing what he knows now. 
• His experience speaking at Pretend City and the award that he won. 

Links Mentioned in Today’s Episode:

Episode 126 with Brandon Turner

Episode 136 with Peter Linneman
Episode 122 with Brian Burke

Episode 109 with Rod Khleif

Episode 77 with Gino Barbaro

Crucial Conversations

Pretend City

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

While some people do strictly value-add or development, today’s guest does both! Based in Austin, Texas, Joel Fine is a general partner in 1,200 doors, including some ground-up development projects. He is also a limited partner in 17,000 doors across 15 states. Joel has been in real estate full-time for only four years. Prior to that, he was a business owner, entrepreneur, executive program manager, and engineer. In this episode, Joel explains why he does both development and value-add, the key differences between the two, and how doing both helps him diversify and mitigate risk. To find out what criteria he looks for in development projects, some of the biggest obstacles he’s faced in recent projects, and why having great partners is key to his success, tune in today! 

Key Points From This Episode:

• An introduction to Joel Fine and how he got into real estate investing.
• Why Joel does both development and value-add.
• How he got comfortable moving into the development space.
• Some of the key differences between development and value-add. 
• The criteria he looks for in projects on the development side. 
• Some of the other metrics he looks for to determine if a project is viable. 
• The two biggest obstacles Joel has been facing in his recent projects. 
• Why Joel believes his asset management superpower is finding great partners.

Links Mentioned in Today’s Episode:

Joel Fine 

Lakeline Properties  

Joel Fine Email 

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital Youtube

Gary Lipsky on LinkedIn