Robnett’s Real Estate Rundown

As a founding partner of Trowbridge Law Group LLP, Gene’s law practice concentrates on the syndication of commercial and investment real estate, through both debt and equity. Gene has represented over 650 clients in this area of practice. In today’s episode, Gene is going to go over the basics of syndication, and his advice on how (and if) you should get involved with it.

“What you need to do is you need to build a database. And the database has to be number one, made of people who are interested in real estate. Number two, determine what part of the real estate industry are you involved with? The third thing you have to do is you have to show the investors that you put together a team  that can capture the opportunities that you think are out there, and sell them on the team.”

1:28 What’s going to happen when you’re 50?

5:44 "It's a Good Thing to Go to Law School".

10:28 What’s going on in the market today?

16:37 What does it mean to be “experienced”?

19:28 What are some of the things that you should be concerned about?

22:28 What’s the difference between a real estate agent and a promoter?

29:33 How do you run a business when you don’t have any investors?

33:23 What’s the biggest risk in real estate?

Guest Bio:

As a founding partner of Trowbridge Law Group LLP, Gene’s law practice concentrates on the syndication of commercial and investment real estate, through both debt and equity. Gene has represented over 650 clients in this area of practice. The median offering size is $3,000,000, but he has done individual offerings of over $6 Billion. His practice writes offerings under Rules 506b and506(c) of Regulation D.

As a former syndicator, who for ten years raised investor capital through the broker-dealer community, he can communicate with his clients on both the technical and the practical aspects of state and federal securities laws.

As a long-time CCIM and CCIM Senior Instructor, Gene has won numerous awards for his teaching ability. His book “It’s a Whole New Business!” is really a “how-to manual” on real estate syndication

Kenneth Gee is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction, and principal investing experience. In this episode, we are going to talk about why Ken invests in Multifamily housing, how recessions hurt middle-class and low-income people, and how he’s making the best of today's investing environment.

1:16 Ken’s background in real estate.

8:41 Investing in a Growth Market

13:51 What’s going on in the real estate market today?

18:58 How a Recession Hurts the Middle-Class and Low-Income People

25:00 What’s the benefit of the syndication model? 

28:01 Finding an Experienced Mentor 

33:14 What to do when the waters get choppy

37:01 What happens when you have too much supply.

About Ken Gee

Kenneth is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction, and principal investing experience. Throughout his career, he has been involved in transactions valued at more than $2.0 billion, much of which has included the acquisition, management, and financing of various multi-family real estate projects.

Before forming KRI Partners, Kenneth was a tax manager with Deloitte & Touche LLP. Some of his major clients included The Riverside Company, Key Equity Capital Partners, Blue Point Capital, Linsalata Capital Partners, The Zaremba Group, Charter One Bank, and Applied Industrial Technologies, Inc.

Before his career at Deloitte & Touche, he spent several years at National City Bank (now part of PNC Bank). He also owned and operated several certified Cessna Pilot Centers in  the Northeast Ohio area.

Kenneth is a licensed Ohio Certified Public Accountant, a member of multiple apartment associations, and Ohio Society of Certified Public Accountants and American Institute of Certified Public Accountants.

Website: WWW.KRIPARTNERS.COM

YouTube: https://www.youtube.com/channel/UCRWZfJ0hmHxVdf3DNA7RHlQ/videos

LinkedIn: https://www.linkedin.com/company/kri-partners/

Twitter: https://twitter.com/KriPartners

Matthew is the Founder & Owner of the Millennial’s Choice Group of Companies; a Real Estate, Mortgages, Insurance, and Education brand. In this episode, Matthew shares his journey in real estate, the importance of due diligence, what’s going on with interest rates, and the importance of looking long-term. 

“The people who come out ahead during these times are people who are really getting in, they're taking advantage of the market, there's a good deal, and they're keeping it for the long run.”

1:15 Matthew’s journey and how he got involved in real estate.

6:35 The importance of real estate due diligence

11:53 Do it yourself and quit blaming others

15:49 There’s a time and a place for help

20:01 What’s going on with interest rates in the US and Canada

24:52 What’s going on in the real estate market in Ontario

29:26 The importance of looking long-term.

33:24 Millennials are killing the market and they’re making a killing in the market.

Zeona McIntyre, author of Medium-Term Rentals, has been an Airbnb host since 2012. In this episode, we will discuss strategies to achieve Financial Independence through Real estate investing: Airbnb, House-Hacking, and Short and Medium-term rentals.

“I think the real investor is the type of person that thinks creatively and goes, ‘Okay, this doesn't work anymore. What can I do different?’”

2:08 - How short-term rentals are better than long term rentals.

5:31 - What makes short-term rentals a little bit easier than long term rentals?

9:58 - Medium-term rentals are getting more popular.

13:35 - What were some of the things you saw in writing this book that helped you clarify your process a little bit better?

17:30 - The freedom that real estate provides you as an owner.

21:06 - Short term rentals vs. long term rentals

25:22 - The importance of having an app for short term rentals

*About Robnett’s Real Estate Run Down*

With over 27 years in the real estate industry, Shannon shares actionable advice on wholesaling, fix and flips, single-family, multi-family, and more. Hear real people talk about all facets of the market, including analysis, challenges, management, and successes of investment-grade. Every conversation provides the foundation for a thriving career.

Guest Bio: Zeona McIntyre

Zeona McIntyre has been an Airbnb host since 2012. After 10 years of managing short-term rentals across the globe, she has transitioned to selling Real Estate to investors looking to house hack or live for free. She is an avid Real Estate Investor owning a double-digit portfolio of short and medium-term rentals. In the fall of 2022, she will be releasing the book: “30 Day Stay. An Investor’s guide to Mastering the Medium-term Rental” coauthored with Sarah Weaver. She teaches listeners how to achieve Financial Freedom through Real Estate on her Podcast: Invest2FI, cohosted with Craig Curelop. She has been featured on BiggerPockets, Mr. Money Mustache, NPR, Business Insider, and more than 50 podcasts. Zeona has been to 47 countries, she spends half the year in Boulder, Colorado and the other half traveling the world as an international pet and house sitter. Learn more here: https://www.zeonamcintyre.com/

Zach Lemaster is the Founder & CEO of Rent to Retirement, the largest turnkey real estate provider in the world.  In this episode, we are going to talk about creating a 7-figure passive income with Real Estate investing in under 10 years, 3  stages of financial independence, and how to change your family trajectory forever!

“I think diversification is essential, but especially being a strategic investor, to identify the best locations to invest in.”

1:14 - Zach’s journey in real estate

6:29 - Real estate is not a get rich quick opportunity

12:39 - What is it that makes you think interest rate doesn’t matter?

18:21 - How much weight do you put in the political environment when choosing where to invest?

23:14 - Creating passive income for himself

28:10 - What’s happening in the real estate market?

33:08 - Building a diversified portfolio across multiple markets and different product types

38:23 - What is the number one stumbling block that people come up with?

43:38 - The first purchase that most people make in real estate is for themselves

Guest Bio: Zach Lemaster

Zach Lemaster is Founder & CEO of Rent to Retirement, the largest turnkey real estate provider in the world: www.renttoretirement.com. He is a seasoned real estate investor who has accumulated a large portfolio of rental properties across multiple markets including single family, multifamily, commercial and new construction. 

Zach is a licensed Optometrist who practices on a volunteer basis. Zach started investing in real estate while working as an Optometrist & Captain for the US Air Force. This eventually allowed him to retire early from his career in medicine to be a professional investor by strategically investing in markets that maximize cash flow, appreciation & equity.

Nancy Wallace-Laabs is a best-selling author, national speaker, and real estate investor.  In this episode, Nancy shares how she got involved in real estate investing, common mistakes to avoid, and how you can shift your mindset for even more success. 

”You have to overcome the fear and you only do that by educating yourself.”

1:20 - How Nancy got started in real estate investing

4:21 - What are some common mistakes people make in real estate investing?

12:25 - How to make your tenants read their lease

15:22 - The difference between the renter mentality and the entrepreneur owner mentality

22:28 - Every problem that a real estate person or an investor has can be solved in a group

25:38 - Nancy’s one go-to piece of advice for a new investor

*About Robnett’s Real Estate Run Down*

With over 27 years in the real estate industry, Shannon shares actionable advice on wholesaling, fix and flips, single-family, multi-family, and more. Hear real people talk about all facets of the market, including analysis, challenges, management, and successes of investment-grade. Every conversation provides the foundation for a thriving career.

Guest Bio: Nancy Wallace-Laabs

Nancy Wallace-Laabs is a best-selling author, national speaker, and real estate investor. Nancy has been featured in Forbes, Realtor.com, and Profit Like a Pro and has been a guest speaker on numerous podcasts. She wrote “Winning Deals in Heels” and “Let Me Ask You This”, both books focus on steps and processes to succeed in real estate investing. 

Nancy’s mantra is “always be giving” and she demonstrates this by donating a part of her book sales to Hope’s Door a non-profit that helps families heal from domestic violence. Nancy started The Real Estate Community for like-minded people to learn, share and grow in their real estate investing business. To join the Real Estate Community, email [email protected].

https://www.instagram.com/nancywallacelaabs/ 

https://www.youtube.com/channel/UCZdIom0Dz_IiJuRnpkMuXkQ 

https://www.linkedin.com/in/nancywallacelaabs/ 

https://www.facebook.com/nancy.wallacelaabs/

Our guest, Kevin Day,  is one of the leading estate planning and international asset protection planning attorneys in the United States. In this episode, Shannon and Kevin discuss the difference between a revocable and irrevocable trust, how an irrevocable trust protects your assets, offshore trusts, and how to gain control of your assets. 

1:45 Kevin’s Background

5:45 Why do we need protection? Where do you need to go?

14:46 What is an irrevocable trust?

21:37 What is an active trust?

28:51 Shannon’s lawsuit-proof business structure

41:21 The Hague Convention on Trusts

46:46 Kevin’s advice for people who want to get into asset protection

"By doing the work up front, you could really simplify your life."

About Robnett’s Real Estate Run Down

With over 27 years in the real estate industry, Shannon shares actionable advice on wholesaling, fix and flips, single-family, multi-family, and more. Hear real people talk about all facets of the market, including analysis, challenges, management, and successes of investment-grade. Every conversation provides the foundation for a thriving career.

Guest Bio: Kevin Day

Kevin L. Day is one of the leading estate planning and international asset protection planning attorneys in the United States. Mr. Day’s Bachelor’s Degree is in Chinese Studies, and he holds a Master of Business Administration in International Management and Doctor of Jurisprudence degree. He was a university academic administrator for eight years, a law professor at the doctorate level, and a law school Dean of Students before entering private practice. In addition to his legal expertise, Mr. Day brings his extensive business knowledge as an MBA in International Business to his law practice.

Mr. Day is admitted to practice law in the California Supreme Court; U.S. Southern District Court, California; U.S. Court of Appeals, 9th Circuit; U.S. Central District Court, California; U.S. Court of International Trade; U.S. Tax Court, Washington D.C.; U.S. Court of Appeals, Federal Circuit; and United States Supreme Court. Mr. Day is a member of the California Bar Association, the Offshore Institute, the International Tax Planning Association, and the American Bar Association’s sub-section on Asset Protection.

Attorney Day is the co-author of four books: Lawsuits, Taxes & Asset Protection, Offshore Money Strategies, The Privacy Guide and the Ultra-Privacy Guide. He has also co-authored five audio-courses: Offshore Tax Havens, International Asset Protection Trusts, Golden Parachutes for Business Owners, Offshore Money Strategies, and How To Disinherit Uncle Sam. Additionally, he has written many articles relating to estate planning, offshore tax havens, asset protection and captive insurance formation.

[email protected] 

https://www.trespday.com/ 

Gary Lipsky,  President of Break of Day Capital,  is a real estate entrepreneur who has a focus on Multifamily Syndication. In this episode, we are going to talk about asset management and  investing and adaptive reuse. Gary shares his vision on upcoming opportunities, knowing the market, and focusing on one thing at a time. 

4:21 Managing risk in a down market

9:01 Opportunities for the next 12-14 months

12:55 The value of knowing the market well

17:18 Focusing on one market at a time

19:49 Selling property in Tucson

23:23 Being creative and proactive

“ You have to be creative. You have to be proactive. And you have to keep standing up every day you get knocked down.”

Guest Bio: Gary Lipsky

Gary Lipsky is a real estate entrepreneur who has a focus on Multifamily Syndication and currently has $161MM AUM. He is the President of Break of Day Capital, whose mission is to positively impact the lives of their investors and the communities in which they invest through the highest level of transparency and fiduciary responsibility.

Gary is the host of the Real Estate Asset Management Podcast, where he speaks with various experts in the real estate industry to help educate asset managers. Gary also is the best-selling author of Best In Class, and founder of the Asset Management Summit.

As a successful entrepreneur, Gary has built several companies, co-produced 3 independent films and started a non-profit. This experience provided a great foundation for his multifamily career.

Mark Khuri, founder of SMK Capital, has been an avid real estate investor for over 17 years. In this episode, our guest will discuss strategies to create a recession-resistant real estate portfolio while investing in affordable housing.  We will also talk about adjusting your investment strategy to weather current marketing conditions.

3:45 Thought process behind going all-cash

6:57 Mark’s experience in real estate

9:52 What asset classes are recession resistant?

13:36 Why are these assets recession resistant?

17:25 Discussion on if volatile times demands stay strong

20:11 What happens when interest rates rise

“ We were growing value manually and we weren't relying on market appreciation. We were effectuating change by doing a lot of heavy lifting”

About Robnett’s Real Estate Run Down

With over 27 years in the real estate industry, Shannon shares actionable advice on wholesaling, fix and flips, single-family, multi-family, and more. Hear real people talk about all facets of the market, including analysis, challenges, management, and successes of investment-grade. Every conversation provides the foundation for a thriving career.

Guest Bio: Mark Khuri

Mark has been an avid real estate investor for over 17 years and throughout his career, he has been involved in sourcing, underwriting, acquiring, raising capital, rehabilitating, managing, and selling both residential and commercial investments throughout multiple markets in the US. 

Mark has analyzed thousands of investment opportunities and has successfully bought, renovated, sold, and invested in over 120 properties with a combined value of over $1 billion and created and managed over 60 real estate partnerships with investors.

Website: www.smkcap.com

LinkedIn: www.linkedin.com/in/mark-khuri-7543821

Patrice Bobo-Miles, Prosperity Strategist & Mentor, shares her journey to reach financial freedom and the struggles that lead to her changing habits to reach it. In this episode, we are going to talk about responsible money management and credit use to build the foundation you need to pursue real estate investing and achieve generational wealth.

2:42 How money trauma manifests into your business life

9:10 What is retail therapy?

15:29 Overcompensating to the point of not making smart money decisions

21:21 Where’s my money going?

27:38 Our relationship with money and our childhood influences

40:36 What is your relationship with yourself? How do you manage your money?