The Adventures of a Real Estate Investor

In this episode, we chat with Heather Dreves, shares her unique journey from being an educator to self-directed IRA investor and as a dynamic real estate operator.

Heather from Secured Investment Corp, shares her insights on how they are utilizing different fund structures to attract capital. She also dives deep into the valuable insights for passive investors who just starting out. Come join us and listen in! 👉Link to YouTube Episode Here!

💢 Don't miss to learn:

• Heather's top tips for achieving financial freedom through real estate

Episode Highlights 

 1: Introduction

• We welcome Heather Dreves to the show and to our adventurous family.
• Heather's background in private money lending and her transition into self-directed real estate investing.

2: Alternative Passive Investment Strategies

• Discusses Heather's journey from traditional financial advice to alternative passive investment options.
• Self-directed IRAs and using them for real estate investment.
• Highlights the benefits of self-directed IRAs, including control over investment decisions and tax advantages.

 3: Private Money Lending with Self-Directed IRAs

• How Heather uses her husband's self-directed IRA to fund real estate loans as a private lender.
• Details the advantages of private money lending, including higher returns compared to traditional investments and lower risk profile due to first-lien positions.
• Discusses the tax benefits of using a self-directed IRA for private money lending.

4: Secured Investment Corporation Funds

• Introduces Secured Investment Corporation, Heather's company offering real estate investment funds.
• Explains the two types of funds available: debt funds and equity funds.
• Discusses how the debt fund works..
• Highlights the benefits of investing in these funds, including diversification, passive income, and potential for growth.

5: Market Insights and Due Diligence Advice

• Heather shares her perspective on the current real estate market, emphasizing the importance of caution and careful analysis.
• Advises investors to consider multiple exit strategies and not chase yields blindly.
• Stresses the importance of conducting thorough due diligence on potential investment opportunities and operators.

6: Asking Heather " the Adventurous Four"

• Heather expresses her desire to use her success in real estate to give back to the community, particularly veterans and their families.

Tweetable Quotes:

 "I really do strongly believe in the ability to understand Financial freedom as well as generational wealth. I don't want to just take care of my kids, but, I want to set them up in a way that they understand that."  - Heather Dreves

Connect with Heather
• Website: https://securedinvestmentcorp.com/
• Facebook:   / securedinvestmentcorp
• (800) 971-5988
• Email: [email protected]

Explore more. Adventure awaits.
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Welcome adventurous family! In this episode we dive into understanding KPIs for Multifamily Asset Success emphasizing the continuous nature of tracking KPIs Part 2 and AI and Machine learning advantages for Multifamily Asset management.Come join us and listen in!

Episode Highlights : 
Chapter 1: The Importance of Tracking KPIs

• Reiterates the importance of tracking KPIs for decision making, profitability, and understanding the property's direction.
• Clarifies that this episode focuses on high-level KPIs tracked by the property management company.

Chapter 2: Software and Data Accessibility

• Highlights the importance of user-friendly property management software for both on-site staff and investors.
• Discusses the negative impact of outdated software on data accessibility and resident satisfaction.
• Encourages testing and evaluating the software before choosing a property management company.

Chapter 3: Six Key KPIs Tracked by Property Management

1. Resident Retention Rate: Measures resident turnover and identifies potential issues with property management or the property itself.
2. Lease Renewal Rates: Analyzes trends and compares them to benchmarks to optimize occupancy and avoid undesirable residents.
3. Resident Satisfaction Surveys: Provides valuable insights into resident needs and preferences, informing decisions about amenities and community building.
4. Maintenance Response Time: Measures responsiveness to resident requests, impacting resident satisfaction and communication.
5. Resident Community Communication and Engagement: Utilizes various channels to connect with residents, address concerns, and build a sense of community.
6. Actuals vs. Budget: Compares actual expenses to budgeted amounts, highlighting areas for improvement and ensuring responsible financial management.

Chapter 4: Leveraging Data and Technology

• Discusses the importance of robust software for pulling KPI data and making informed decisions.
• Shares examples of data reports received monthly for further analysis and investor updates.
• Emphasizes the value of data visualization for identifying trends and areas for improvement.
• Highlights the potential of AI and machine learning for predictive analytics, automated reporting, and increased efficiency.
• Encourages listeners to share their experiences with AI tools in multifamily operations.

Chapter 5:Multifamily Myth Buster: Is your Property Manager is your Asset Manager?

• Busted myth  :Your property manager is not your asset manager.
• Explains the distinct roles and responsibilities of each:
  • Property Manager: Handles day-to-day operations, resident relations, and maintenance.
  • Asset Manager: Focuses on long-term strategy, financial performance, and investment decisions.
    
    👉 Link to YouTube episode Here
    
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Welcome adventurous family! In this episode we dive into understanding KPIs for Multifamily Asset Success emphasizing the continuous nature of tracking KPIs until asset closure or sale. Discuss the benefits of KPI tracking: aiding decision-making, maximizing profitability, and boosting investor confidence. Come join us and listen in!  

Episode Highlights :  

1.Importance of KPIs in enhancing operational efficiency and resident satisfaction. 

2. Essential Groups of KPIs 

• Five essential groups of KPIs: leasing, income, maintenance, occupancy, and loss to lease. 
•  Examples of specific KPIs within each group, emphasizing their role in evaluating different aspects of property performance. 
• Emphasize the significance of weekly tracking and the use of spreadsheets for data management. 

3. Monthly KPIs and Financial Performance Tracking 

• Discuss additional KPIs tracked monthly, such as loss to lease and amenity tracking. 
• Explain the process of financial performance tracking, including NOI calculation and variance analysis. 
• Highlight the importance of collaboration with property management teams and transparency in reporting. 

4. Multifamily Myth Busters: High Occupancy Rate 

• Myth: High Occupancy Rate Equals Success? 
• Discussing the importance of considering other factors beyond occupancy rate. 
• Emphasize the need for deeper analysis and understanding of resident quality, lease terms, and rental rates. 

Tweetable Quotes:

"We strongly believe, Self reflection is what gives you the most growth as an individual. Well, self reflection on your financials also will help you have the most growth within your property. Sometimes it is difficult to not have a property that's going super well, or a property that's going well, but you wish it was going better.

But be able to look at the numbers really gives you motivation to dig deeper, to ask more questions to the property manager.

👉Watch this episode now https: 👉👉👉👉👉 AREI: 119

Explore more. Adventure awaits. 

👉Please subscribe and leave an honest review.

How do you want to create an impact in your world?

👉Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here.

👉GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

We've Missed all of you our Adventurous Family!

Season 3 of the Adventurous Real Estate Investors Podcast is here!  Join Suzy & Michael for asset management tips & multifamily insights.


Welcome Back!

1. Susie and Michael are back for Season 3.
2. Recap of Hiatus: A brief explanation of the break and the need for refreshment in life, asset management, and podcasting.
3. Thank you Adventurous Family : our deepest appreciation for their support and for joining the journey.
4. Reflection on Past Seasons
   • Highlighting Previous Seasons: Discussing the focus of seasons one and two on impactful stories within the investing space.
   • Emphasis on Interviews: Acknowledging the value of one-on-one interviews and interactions with guests.
5. Season 3 Focus: Multifamily Operations
   • Shift in Focus: Introducing the new season's theme centered around multifamily real estate investing, particularly operations and asset management.
   • Behind the Scenes Look: Promising insights into the aspects of investing beyond acquisitions and closings.
   • Incorporation of Interviews: Balancing personal insights with expert interviews to provide comprehensive content.
6. 2023: The Year of Asset Management
   • Evaluation of Recent Trends: Reflecting on the challenges and lessons learned during 2023.
   • True Asset Management: Distinguishing between market speculation and genuine asset management amidst economic fluctuations.
7. Nitty-Gritty of Multifamily Operations
   • Extended Acquisition Timelines: Exploring the complexities of prolonged acquisition processes and decision-making.
   • Creative Problem-Solving: Highlighting the excitement and creativity involved in operational challenges.
   • Personal Experience: Sharing anecdotes and insights from their own journey as operators and asset managers.
8. Interactive Engagement with Audience
   • Adventurous Family take Action By: We encourage all our listeners to engage by suggesting topics for discussion via various platforms.
   • Addressing Misconceptions: Committing to debunking common myths and sharing real-world experiences.
   • Segment Preview: Introducing "Multifamily Myth Busters" as a recurring segment to tackle misconceptions.
9. Conclusion and Season Preview
   • Gratitude and Enthusiasm: Thanking the audience for their patience and support during the hiatus.
   • Promise of Quality Content: Assuring listeners of an enriching and engaging Season 3.
   • Final thoughts: Call to adventure, encouraging listeners to embark on the journey of exploration and learning together.

Explore more. Adventure awaits.
 
Subscribe and leave us an honest review  

How do you want to create an impact in your world?

1. Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn.
2. Michael on LinkedIn
3. Suzy on LinkedIn   
4. Invest with us! Start here. 
5. GRAB A FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

David Frasz is a Director and commercial loan originator for a leading national CRE lender. His role involves managing relationships and originating commercial loans for various asset types, with a focus on direct originations of multifamily financing including Fannie Mae, Freddie Mac, FHA/HUD, and bridge loans. He strives to establish lasting and trusting relationships with his clients and to help them reach their investment objectives with a personalized and high-quality financing service.

With nearly ten years of experience in multifamily finance and has earned a reputation for his dedication to client service and his ability to close even the most challenging loan transactions that others deem impossible.His honed skills as an underwriter, where he closed loans worth more than $1 billion and supervised the screening of more than $9 billion in transaction volume.
 
 Come join us and listen in!

[00:00 - 12:51]
• We welcome David Frasz to the show. And how we met a Him and mentored us.
• David and his background on how he started investing in real estate.
• How David specialized on originating loans?
• Different aspects of underwriting and discovering those are important
• Knowing that every decision you make with the financing is going to come with trade-off.
• Hearing about loan product somewhere does mean that it may or may not work for you unless you do that with a professional.
 
[12:53 - 21:03]
• Why most deals fall apart?
• The quote you're going to get is only as good as the information you provide.
• As an operator you must put a lot of effort in financing a property seasoned or not you must. 
• It is beneficial to cooperate with an underwriting originator, otherwise the deal might turn against you.
  
[21:12 - 32:40]
• How David creativity shines on his questions on the deals that we sent him?
• Helping clients to figure out what you need to ask the seller for.
• David on the convenience fee package little nuggets that could help your property.
• Getting additional income sources for the property and how it makes a difference.

 [32:42 - 47:01] 
 • Asking David Frasz the Adventurous Four

 
 Tweetable Quotes:
"Every decision you make with the financing is going to come with trade-offs. " 
 
 "The quote you're going to get is only as good as the information you provide." 
 - David Frasz

 
Connect with David Frasz
https://www.linkedin.com/in/davidfrasz/
https://www.instagram.com/david.frasz/?hl=en
Email -  [email protected]

 Explore more. Adventure awaits. 

 Please subscribe and leave an honest review  - how do you want to create an impact in your world? 

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A 

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

What exactly is a next-level mindset? It goes beyond traditional ideas of budgeting, saving, and investing. It transcends the limitations of a scarcity mentality, replacing it with a mindset of abundance, opportunity, and possibilities. 
 
In this episode, we welcome Chris Larsen, as he shares his story and invaluable wisdom from his own journey towards prosperity. With his next level mindset strategies, Chris has transformed countless lives, guiding individuals towards a new form of financial abundance.  Come join us and listen in!  

Christopher Larsen is the founder and Principal of Next-Level Income.. Chris has been investing in and managing real estate for over 20 years. He began syndicating deals in 2016 and has been actively involved in over $1B of real estate acquisitions. In addition to real estate, Chris owns multiple car wash locations across the Southeast. Chris lives with his wife and two boys (and Viszla, Lucy!) in Asheville, NC where he loves spending time with them in the outdoors and enjoying the food and culture that the region has to offer.

[00:00 - 13:55]
• We welcome Chris Larsen to the show.
• Chris Larsen and his background on how he got started investing in real estate.
• Realizing that you are not invincible and that life is finite.
• The importance of perspective and how a change in your state of mind can lead to motivation.
• The Gap and the Gain, appreciating how far you have come and refocus on where you're going next. 
   
[13:58-21:34]
• Take those tendencies and desires while still checking these things off but doing it in a way that you experience the moment.
• Hacking your mental strength framework.
• The benefit of reflecting gratitude with your family as a whole.
• Making sure your child resilient by letting them understand that they're part of the family.

[21:38 - 31:56]
• Conscious choices with your family but also practicing a give and take habit relationship with them.
• If your mind isn't right, and not ready for the progress and the knowledge you're not going anywhere. 
• Asking Chris Larsen the Adventurous Four

Tweetable Quotes:

" You can have a goal.  You can read my book, you can read a thousand other books on real estate and you pick up some stuff like that.But if your mind isn't right, if it's not fertile and ready for the progress and the knowledge, you're not going anywhere. "  - Chris Larsen

Connect with Chris Larsen
https://www.facebook.com/nextlevelincomeshow
https://www.instagram.com/thenextlevelincomeshow/
https://www.linkedin.com/in/nextlevelincome/
https://www.youtube.com/channel/UC7ryurcdx6zl1wqpb0la2JA
https://nextlevelincome.com/book/
   

Explore more. Adventure awaits. 

Please subscribe and leave an honest review  - how do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers

In a world full of challenges and uncertainties, we often find ourselves searching for guidance and motivation. That's where the power of storytelling comes in. Throughout history, extraordinary individuals have risen above adversity, pushed boundaries, and achieved unparalleled success. 

In this episode, we welcome Bailey Miles, as he shares his journey on how he wowed the world with unleashing excellence,. And even individuals with a mindset of relentless pursuit of improvement andleave a lasting impact on the world. Come join us and listen in!

Bailey Miles is a partner at Milestone Homes & Development, as well as an associate broker with Legacy Multifamily Capital Advisors.  The Building Excellence podcast is all about sharing inspiring stories and lessons from successful business minds, athletes, coaches, and thought leaders to help people build excellence in their life, leadership, and legacy. 
 
 [00:00 - 12:08]• We welcome Bailey Miles to the show.
• Bailey Miles and his background on how he started investing in real estate.
• How did Bailey made sure that his values that he had as a coach wouldn't  be lost after choosing a different line of work? 
• Discovering and truly understanding a lot about yourself. What makes you tick? Knowing  your why?
• Getting past questions in our society that only reflects the surface of an individual.
• People don't care how much you know until they know how much you care. 
   
 [12:08-19:42]• Getting out of feelings, conversations and get into more thoughts, conversations?
• Why asking the right questions, like I said earlier, can get you the right answers.
• What does the "1% better framework" from personality tests helps people to learn about their strength and weaknesses?

 [19:50 - 33:43]• Not neglecting your weaknesses but focusing majority of the time on what makes you better.
• Your inputs determine your outputs
• Why creating systems and the environment that enables you to automatically have an outcome without putting as much as work is best?
• Asking Bailey Miles the Adventurous Four

 Tweetable Quotes:

  " The traits and the qualities that you uniquely possess and understanding those things. Those are common denominators that are always important. So whatever job you have, those qualities and those traits will carry over."  - Bailey Miles
 
Connect with Bailey Miles
https://www.baileymiles.com/
https://www.instagram.com/baileyrmiles/hl=en https://www.facebook.com/people/Bailey-Miles/100082855756594/ https://www.linkedin.com/in/bailey-miles-80547694 https://podcasts.apple.com/us/podcast/building-excellence-with-bailey-miles/id1574388409

Explore more. Adventure awaits. 

Please subscribe and leave an honest review  - how do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers     

As you know real estate investing can be a lucrative business, but it's not without its challenges. From finding deals to managing properties, there are a lot of moving parts involved. And as your business grows, it can be difficult to keep everything organized and running smoothly. That's where systems and processes come in. By implementing effective systems and processes in your real estate investing business, you can streamline your operations, increase efficiency, and ultimately achieve greater success. 

In this episode, we welcome Todd Silance, we're going to be discussing how implementing effective systems and processes can help you take your real estate investing to the next level. Come join us and listen in!

Todd Silance is a corporate consultant turned business owner and real estate investor. In just under 5 years, Todd has built a personal portfolio of over $30MM and 160+ units along with being a limited partner in 450+ units nationwide. Most recently Todd is Co-Founder and managing partner of the real estate investment company Summit Capital.Their top priority was freedom of time – not wanting to miss out on all the big (and little) milestones that comes with raising a family. This was the biggest driver in opening their own business, an Anytime Fitness Franchise, in 2008, a second location in 2014, and eventually Todd’s real estate investment company in 2019. 

 [00:00 - 11:55]
• We welcome Todd Silance to the show.
• Todd Silance and his background on how he started investing in real estate.
• Buying a proven concept with systems in place.
• Why for some people might think franchising isn't for them?
• Could franchising help you get into real estate investing? 
• Look and understand the market and the culture of that   market. 
 • Making sure to trust the sponsor and their values align with yours. 
  
 [12:52 -18:40]
• Knowing what exactly your looking for in partnerships.
• Having those hard conversations with investors and being upfront with them.
• Asking operators important questions that will help determine if your in great deal.
• Partnering with someone who had that experience, but also maybe had that failure.
  
[19:30 - 31:40]
• Todd on, if parent company of a franchise brand do their due diligence for potential investors?
• The importance of systems and processes no matter what the business type.
• Asking Todd Silance the Adventurous Four
  

Tweetable Quotes:
 " Make sure your goal aligns with whatever you're investing in." - Todd Silance
 
Connect with Todd Silance

https://www.summitcap.co/
https://www.linkedin.com/in/toddsilance-7b7a9211/ https://www.facebook.com/summitcap/ 
https://www.instagram.com/tps_investor

Explore more. Adventure awaits. 

Please subscribe and leave an honest review  - how do you want to create an impact in your world?

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here. GRAB A

FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers     

Asset management is a crucial skill for real estate investors who want to maximize the value and return of their properties. In this episode, we welcome Gary Lipsky, as we explore some of the techniques and best practices for effective real estate asset management, from finding consistent revenue sources to reducing expenditures and managing risks.

Come join us and listen in!

Gary is a Multifamily Syndicator who has done ¼ billion in real estate transactions. 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 and best-selling author of Best In Class. As a successful entrepreneur, Gary has built several companies, co-produced 3 independent films and started a non-profit.

 
[00:00 - 09:33]
• We welcome Gary Lipsky to the show.
• Gary Lipsky and his background on how he started real estate investing? 
• Why did Gary focus on creating more information about asset management?
• Involving your property management company from the very beginning is a must. 
• What they were focusing to bring on those asset management summits?
• Biggest takeaway that that he got from all of his guest and reoccurring mistake that      new  asset managers make?
  
[09:34 -19:14]
• Tracking the bottlenecks and loss of lease tracking.
• Why asset management are not the main focus for some people?
• A little shake up in the market is good?  
• The key with appreciation or not knowing that with your value add strategy it is       achievable.
• Gary if he would consider getting AI tools involved in asset management? 
 

[19:17 - 30:27]
• Advice for someone who wants to invest passively but doesn't know 
   the operator that well? 
• Gary's book and podcast focusing on asset management .
• What's next for Gary in the future? A second edition of his book?
• Asking Gary Lipsky the Adventurous Four 

Tweetable Quotes:

  " A really good asset manager could take a bad property and make it good and make a good property great." - Gary Lipsky

Connect with Gary Lipsky

https://breakofdaycapital.com/
https://www.youtube.com/c/BreakofDayCapital 
https://www.instagram.com/breakofdaycapital/ 
https://www.instagram.com/garylipsky/

Explore more. Adventure awaits. 

Please subscribe and leave an honest review .

How do you want to create an impact in your world? 

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here.

GRAB A  FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers    

As the real estate market continues to evolve, it's essential to have the right partners to navigate the landscape effectively. In this regard, having conversations with a multifamily broker could be a great help.

A multifamily broker is a professional who specializes in finding, negotiating, and closing deals for multifamily properties. They can access off-market opportunities, analyze potential returns, and navigate the due diligence and closing process. 

In this episode, we welcome Mike Marara, as he shares discuss some tips and best practices for dealing and conversing with a multifamily broker. Come join us and listen in!
 
Mike Marrara joined Capstone in 2020 and oversees our multi-housing sales in Tulsa, OK. He has established himself as a leader with a singular focus on the multi-housing market and his familiarity with the various submarkets and neighborhoods have helped him achieve strong results for his clients. Mike has been involved in over $100 million in transactions among varying property sizes. Mike has been instrumental in producing quarterly market surveys on the Tulsa apartment market. 

 
[00:00 - 09:30]• We welcome Mike Marara to the show.
• Mike Marara's background on how he started on real estate. 
• From Tulane to Oklahoma and how he landed commercial brokers as his first clients?
• Where is Mike's main focus now and what component is he looking for in deals?
• The volume of sales that was being moved through the past years in Tulsa market.
  
[09:37 -17:08]• What Mike saw in the first quarter of this year and what does he see moving forward?
• Why do people are mostly deciding to put their property on the market now?
• How often the cycle of increased rate happens?
• Mike's passion for books about economics that boiled it to basic stories

[17:10 - 30:54]• The effect of realizing that the city of Tulsa's economy was not dependent on one specific industry?
• The great impact of Tulsa's revival of its neighborhoods and community.
• Moving to downtown Tulsa. 
• Asking Mike Marara the Adventurous Four 

  Tweetable Quotes:

  " I'm here to help people succeed. I want them to buy something that they like, I want them to look at us as a broker as being a resource. " - Mike Marara

Connect with  Mike Marara

 https://www.linkedin.com/in/mike-marrara-26216117/ 
https://www.facebook.com/MMMultifamily/
https://www.facebook.com/okcapartment/ 
https://www.facebook.com/michael.marrara/ 
https://www.instagram.com/multifamilymike/
https://www.capstone-companies.com/

Explore more. Adventure awaits. 

Please subscribe and leave an honest review  - how do you want to create an impact in your world? 

Check out Adventurous REI and our social media channels: Facebook, Instagram, and LinkedIn. Michael on LinkedIn Suzy on LinkedIn   Invest with us! Start here.

GRAB A  FREE copy of The Complete Guide to Generating Passive Income for Avid Travelers & Adventure Seekers