The Apartment Gurus

Join Dan Lewkowicz today as he dives deep into triple net lease, how it works and how it can be beneficial to investors. Learn every aspect of single-tenant net leased properties, commercial properties, multifamily, and multi-tenant retail centers from this episode.

WHAT YOU’LL LEARN FROM THIS EPISODE

• Syndication and “flip” commercial properties
• Working with triple net lease in the commercial real estate space 
• Effects of the pandemic on Multifamily properties
• Ways to improve relationships with brokers
• Benefits of a triple net lease 
• Opportunities in multifamily investing
• Teaching brokers how to be incredible brokers

RESOURCE MENTIONED 

• Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits 

ABOUT DAN LEWKOWICZ

Dan Lewkowicz is a seasoned real estate veteran with over 15 years of experience in many facets of the real estate industry. Starting his career “house hacking”, he quickly moved on to flip houses in and around metro Detroit and eventually created a company called Renaissance Real Estate Ventures. Currently, Dan is director of investment sales at Encore Real Estate Investment Services and specializes in shopping centers, medical office buildings, industrial fulfillment centers, quick service restaurants, and automotive repair and parts stores. Dan has four lovely children and resides in Oak Park, Michigan with his fiancé Brady and enjoys running, lifting weights, yoga, and playing acoustic guitar.

CONNECT WITH DAN

• Website: Encore Real Estate Investment Services
• LinkedIn: Dan Lewkowicz
• Podcast: Dan On Top Podcast
• Cell Phone No: 248.943.2838

CONNECT WITH US

• Green Light Equity Group

Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! go to: Green Light Equity Group

Tune in to this episode as Josh Plave discusses the advantages of investing passively with retirement funds in multifamily properties, as well as collectively owning and operating apartment buildings. Retirement accounts cannot earn active income and should rely entirely on passive income sources.    

WHAT YOU’LL LEARN FROM THIS EPISODE

• 2 Types of approach for retirement investors
• Investing with retirement account profiles
• Self-directed Investment Retirement Account (IRA) and the taxes involved
• Mitigating the impact of unrelated business income tax (UBIT)
• Utilizing the UBIT calculator
• Setting the right mindset in using retirement accounts

ABOUT JOSH PLAVE

Josh Plave is a multifamily syndicator who specializes in helping investors use their retirement funds to passively invest. Through his company Wall to Main, Josh provides all the tips and tricks needed to invest quickly, safely, and inexpensively with an existing retirement account.

CONNECT WITH JOSH

• Wall to Main

CONNECT WITH US

• Green Light Equity Group

Today's episode is extra special because it's Tate's birthday and it’s also recorded live at Pennsylvania. We want you to tune in and learn with Tate and his special guest Phil Kulp, who is a passive investor in the 179-unit deals they recently closed and discusses the value of real estate investing.

WHAT YOU’LL LEARN FROM THIS EPISODE

• History of Kulp Dairy Farm and its legacy
• Advantages of investing passively in real estate
• Taking over a new asset obtained
• The value of multifamily investing and leverage
• Respecting others’ opinions

ABOUT Phil Kulp

Phil Kulp grew up on a farm and comes from a long line of farmers. He went to college in Virginia for four years. He returned to work for his father in Kulp Dairy Farm for the first time in 1996. Their main products are milk, meat, and fertilizers. He then got into real estate and invested passively with Green Light Equity Group. He's had a lot of success and is diversifying his assets into commercial multi-family for cash flow, wealth growth, and tax benefits. He has a wife who works as a full-time school teacher, six children (three boys and three girls), and a dog named Slinky.

CONNECT WITH US

• Green Light Equity Group

We have an amazing guest in the house today, Brianna Schmidt, the Managing Broker of Second City Real Estate. She discusses the benefits of outsourcing tasks, leveraging your skills, and implementing them to scale your asset.

WHAT YOU’LL LEARN FROM THIS EPISODE:

• The power of outsourcing
• Understanding where your cash is best to use
• Pros and cons of residential and commercial properties
• Disadvantages of the 1% rule
• Factors to consider when investing in asset classes
• Importance of scalability and nurturing property management relationships

ABOUT BRIANNA SCHMIDT

Brianna Schmidt is the Managing Broker of Second City Real Estate and is a Co-Founder at The Midwest Real Estate Networking Summit a weekend educational summit for real estate investors. She  utilizes her extensive knowledge of building and managing a portfolio to teach clients about all aspects of buy and hold investing, how to analyze potential properties, how to calculate your ROI, best practices when marketing and leasing your rental property, and how to be a landlord and build a portfolio. Her job does not end when you close on a property; she is always available to help you throughout the process and scale your business.

CONNECT WITH BRIANNA

• Website: Secondcity-re
• BiggerPockets - Brie Schmidt

CONNECT WITH US

• Green Light Equity Group

In today’s episode, we get philosophical and spiritual speaking about multifamily real estate. Tune in to learn everything you need to know about multifamily properties and raising capital from the expert, Ruben Greth.  

WHAT YOU’LL LEARN FROM THIS EPISODE:

• Ways to separate and make yourself attractive to investors
• How to present a deal to investors
• Strategies for capital raising 
• Benefits of multifamily deal
• Building the right relationships
• The impact of multifamily investment in people’s lives
• The importance of having a marketing and spiritual mentors

RESOURCES MENTIONED:

• Ola Dantis: Mindset, Investing in the Brain, Manifesting & Multifamily Syndication
• Dan Handford of The Multifamily Investor Nation
• Dr. Wayne Dyer

BOOKS MENTIONED

• The Power of Intention by Wayne W. Dyer
• The Science of Getting Rich by Wallace Wattles
• Think and Grow Rich by Napoleon Hill
• The Power of Your Subconscious Mind by Joseph Murphy

ABOUT RUBEN GRETH:

Ruben Greth is the host of Capital Raiser Show where people can learn best practices for raising private money for multifamily syndication and other real estate investments.   He is also a Capital manager for ‘’Bakerson’’ where he works on marketing, brand awareness, and capital raising.

 Connect with Ruben:

• Website: bakerson.com
• Instagram: @capitalraiser
• YouTube: youtube.com/capitalraisershow
• Facebook: The Capital Raiser Show
• Podcast: Capital Raiser Show

CONNECT WITH US

• www.investwithGreenlight.com

Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is downloadable! go to: www.glequitygroup.com

Technology has made an impact in the real estate business especially with the current situation in the world right now. You can even close a deal if you are not in the same place as where your client is. In today's episode, Suzy Sevier and Michael Barnhart talk about their experience in closing their first deal and how they could make a difference with how they work as a team.

WHAT YOU’LL LEARN FROM THIS EPISODE:

• Benefits in segregating tasks and setting up a plan with a partner
• Ways to close the desired deal and benefits of capital raising 
• Advantage of having trusted partners and mentors to work with
• Pros and cons of virtual transactions
• A different approach on a business plan for multifamily investing
• Impact of having the opportunity to work with other people

LINKS/RESOURCES MENTIONED:

• Downloadable Free Checklist 

ABOUT SUZY SEVIER and MICHAEL BARNHART:

Suzy Sevier and Michael Barnhart are a power couple who recently closed on their first multifamily deal 88-units in Tulsa, Oklahoma. They are the founders of Adventurous Real Estate Investors. Their adventure began at a TEDx event and the theme was “Reset” and it changed their lives. They took the event to heart and used that theme as a launching point to regain control of their lives, secure financial freedom, give back to the community and discover their big “why”. They want to share this journey by helping others check off their bucket list items and achieve their greatest ROI which is the return on impact.

Connect with Suzy and Michael:

• Adventurous Real Estate Investors

CONNECT WITH US: 

• www.investwithGreenlight.com

Special Announcement! Tate's brand new audiobook "F.I.R.E.-Financial Independence Retire Early Through Apartment Investing" is now downloadable! Go to: www.glequitygroup.com

Obtaining a loan for a multifamily property is beneficial if you have all the necessary documents in place. These documents can help you make your transactions smooth and easy. In this episode, Paul Winterowd shares his knowledge on what to be ready for regarding getting a loan.

WHAT YOU’LL LEARN FROM THIS EPISODE:

• Importance of an Organizational Chart and Personal financial statements
• Scheduling of real estate owned documents and bio/resume
• Importance of separating emotions in doing investments
• Importance of having a good credit score and credit report 
• Benefits of having and keeping records of tax returns,  Rent Roll, profit-and-loss statements, budget, and Pro-forma documents
• Importance of knowing who your team or supporting cast is

ABOUT PAUL WINTEROWD:

Paul Winterowd (pronounced Winter Road) is a Capital Advisor with Bonneville Multifamily Capital, based in Salt Lake City, UT. He specializes in multifamily lending and has sourced debt for new construction, bridge, and stabilized products across a number of different loan programs and lenders. He has earned the CCIM designation and is also a multifamily investor having been a sponsor and key principal in 4 multifamily syndications and a passive investor in about 11 deals totaling ownership in nearly 1,500 doors.

Connect with Paul:

• Email: [email protected]
• Contact No: 801 -323-1050

CONNECT WITH US: 

• www.investwithGreenlight.com

There are numerous ways to make money in the multifamily industry, one of which is to be a passive investor while living your dream. To achieve success as an investor, you must first learn the priorities of each person you work with within the deals. 

In today's episode, Tate's guest Scott Kidd, a full-time yacht captain, and multifamily investor shared his experience on how becoming a captain of a boat can relate to becoming an investor in the real estate business and adapting most of the lessons he has learned from being a captain for almost 21 years.

What You’ll Learn From This Episode:

• Background of Scott Kidd and How He Started Investing in Real Estate
• When to Use the Power of Silence when Communicating
• Scott on Becoming A Mentor for Legacy UK
• Taking Advantage of the Technology With The Current Situation
• Is Multifamily a Full-Time Gig
• Understanding General Partnership in Apartment Syndication Process
• The Benefits and Drawbacks of Being a Limited Partner
• Advantages of Working with Real Estate Professionals
• The Benefits of Teamwork and Camaraderie
• Working in Limited or General Partnerships in the Coming Years
• Things You Can Achieve as a Limited Partner
• Lessons in Developing the Right People to Work With

Links/Resources:

• Salt Lake City Multifamily Meetup  https://www.meetup.com/salt-lake-city-multi-family-meetup-group/
• https://www.legasea.org.uk/

Because of the camaraderie that you can share with other people you are working with, you can always find a way to succeed in the multifamily real estate business the best way possible. The different ideas that the members could come up with, is a once-in-a-lifetime opportunity to take full advantage of the scene. 

In this episode, Tate’s guest, the Rize Equity Group, shares how they evolved as a company by working as a team and showcasing each one’s potential in growing their business.

The company is guided by a team with a proven track record of success. Individually, they’ve risen to elite levels of their respective professions and collectively they have infused the ingredients of their past success – teamwork, precision, attention to detail, and relentless work ethic – into the heart of everything the company does.

What You’ll Learn From This Episode:

• How Rize Equity Group started
• The company’s Mission and Vision 
• Practicing Abundance Mindset to Achieve Growth
• When to Grab the Opportunity In Investing in Multifamily Business
• Multifamily Real Estate Business and its Advantages
• Differences between Under Promising and Over Delivering in Real Estate
• Challenges in Working as a Group
• Benefits of Working as a Team with One Goal
• Using the Traditional Syndication Models and How you can get Creative In Closing deals
• Rize Equity Group’s plans and goals for the next 12 months and upcoming years

Book Mentioned:

• Rich Dad, Poor Dad- Robert Kiyosaki

Links/Resources:
https://rizeequity.com/
https://rizeequity.com/multifamily-101/

Author of: “The Top 10 Reasons to Invest in Mobile Home Parks”
TO DOWNLOAD, go to: www.partnerwithapex.com

host of “Savvy Mobile Home Park Investor” podcast.

113 apartment and mobile home units
Mentors Mentioned: Brian Ellis and Adam “AAA” Adams

Chose IT career over Real Estate Dreams.

Realized that in order to reach income goals, he would have to pick up ALOT of single-family homes.

Met partner, Stephen Anderson (former single family flipper), at a salsa dancing event, who invited Eloy to invest in apartment.

 Lots of investors flocking to mobile home park investing:

-LOW tenant turnover
-Less moving parts 

Tate and Eloy go into the inner workings of owning a mobile home park. Mostly, mobile home park owners only own the lot and charge a lot rent fee. In Eloy’s model, he is owning BOTH the park, the grounds AND some of the actual mobile homes, which he will rent out creating further value.

We discuss Cap Rates, how they determine value in different markets, and how the ENTRY Cap should always be higher than the TARGETED EXIT Cap rate, which is how Eloy has structured his deals.

Mobile Home Parks have become incredibly popular during the COVID pandemic. This is due to collections staying high and tenants continuing to pay rent. When tenants OWN part of their housing (in this case, their mobile home), they’re much more likely to pay rent on their lot. Money is moving from risky assets (such as retail, office, hospitality, etc) to “safer”, more risk mitigated assets.

There’s NOTHING you can’t find on YouTube and Google, BUT you have to know what to look for!

Podcast-“The Savvy Mobile Home Park Investor”  https://podcasts.apple.com/us/podcast/the-savvy-mobile-home-park-investor-show/id152240366

You’ll learn more doing DEALS than taking classes. The best ticket into the industry is to find a deal (or find capital for a deal) and get it done (which can be done through partnering with a more experienced operator/syndicator) However, paid masterminds are great! Peers, coaches, mentors who are committed to getting you to the next level are all accessible and ready to give you as much value as they can.

Eloy is looking for DEALS! Florida mobile home parks.  Eloy can be reached at www.partnerwithapex.com