The Commit to Wealth Podcast - Creating Generational Wealth through Real Estate Investing

Brian is the President and Founder of Excelsior Capital, where he leads and oversees his firm’s portfolio of over 740k sq ft of office space throughout 6 secondary markets.

Topics Covered

• The benefits of secondary markets
• Understanding the weighted average lease term and what it means for your investment
• How Covid-19 has reshaped the commercial real estate market
• Understanding CMBS loans
• Thinking about office space and commercial real estate as a long-term game

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? LinkedIn

• Which book are you currently reading and which one has had the biggest impact on your life? Biggest Impact: Property of Law Right now: No Rules: Netflix and the Cultural Revolution by Reed Hastings

• Do you have any rules for success that you live by? Don’t take out personal debt. Never Say No.

• What is the biggest lessons you learned as an attorney that has been useful for your business? If you don’t come into a partnership with a pessimistic outlook that prepares for the worst, you’re probably not mature enough and you shouldn’t be in business with them.

• At the end of your life, how do you want to be remembered? Someone who values their relationships and appreciates their life

• What’s the best way my audience can reach out to you? Excelsiorgp.com Brian Adams on LinkedIn

Randy has 25+ years of various corporate leadership experiences in multiple industries, primarily in the risk and governance areas. He currently serves as the Chief Compliance and Audit Officer for a large academic medical institution in Houston, TX. He has a bachelor’s degree in Accounting, Information Systems, an MBA in Finance and is a CPA. Randy has been investing in real estate since his first primary residence purchase of a duplex. Previously, he was a private money lender in the remodeling of single family homes in Florida, Ohio and Texas with a combined market value in excess of $2.5M. His recent focus has been exclusively in multi-family properties. He has been a general partner in 258 doors representing over $11M in assets managed and a limited partner in numerous more.

Topics Covered

• Understanding “the simple model”

• Getting into the Investment Executive Summary

• Investor friendly v. sponsor friendly models

• Know your sponsor

• Assessing your sponsor/GP

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? Spreadsheets
• Which book are you currently reading and which one has had the biggest impact on your life? The Ride of a Lifetime. Mastering the Market Cycle
• Advice for someone wanting to invest in MF? Invest in your real estate education
• Do you have any rules for success that you live by? Be in it for the long haul
• At the end of your life, how do you want to be remembered? Husband, father, someone that gave back
• What’s the best way my audience can reach out to you? [email protected] Invest-ark.com

Bob is a former professional hockey player, having played 8 years including 4 years in the US and 4 in Europe. In 2004, at the age of 30 and after his hockey career was over, he jumped into real estate and has done over 700 transactions since including flips, wholesaling, short sales, buy and holds etc. Over the years throughout all his transactions he realized time was his most important asset and as a result, he founded REVA Global LLC, which focuses on offering trained real estate virtual assistants to real estate professionals.

Topics Covered

• Finding a mentor and getting started
• Identifying your own pain points
• Understanding virtual assistants
• Best tasks to delegate to virtual assistants
• Managing virtual assistants

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? Launch Control text messaging. Real Flow CRM. Investor Fuse
• Which book are you currently reading and which one has had the biggest impact on your life? The Ride of a Lifetime. Traction
• Do you have any rules for success that you live by? Create an Action Plan. Finish what you started.
• At the end of your life, how do you want to be remembered? Someone who always looked to help people. Serve others.
• Where can CTW Nation go to contact you or find out more about REVA Global, LLC? www.revaglobal.com [email protected]

Ekaterina got her start in real estate investing at the age of 24, when she acquired a small apartment in her hometown of Moscow, Russia. Soon after, she immigrated to the US and continued her desire of residential rental property investing and eventually commercial property investing, acquiring 2 mobile home communities.

Topics Covered

• Using the background you already have
• Finding partnerships
• Pros and cons of park owned homes
• Reducing expenses
• Evaluating what makes a good mobile home park
• Understanding mobile home park financing from and underwriting perspective

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? Project Management Software - Monday.com

• Which book are you currently reading and which one has had the biggest impact on your life? This Could Be Our Future: A Manifesto

• Do you have any rules for success that you live by? Lead by Example, Stay Consistent

• How do you best manage your time? High Performance Planner

• At the end of your life, how do you want to be remembered? Live with Purpose, Impact Others

• Where can CTW Nation go to contact you or find out more about M2K Partners? [email protected] www.mhptribe.com Facebook Group - MHPTRIBE Frank Rolf Mobil Home Park Academy & Podcast Spencer Rowe - Southeast Conference for Mobile Home Park Owners

• 5 Step Ultimate Fundraising Guide can be downloaded here https://equitytree.io/
   

Jay and Samera started their journey in mobile home investing in 2017 and since have completed over 400 mobile home transactions. They are the founders of Trailer Cash Academy, an educational and training platform that has helped several students become successful in mobile home park investing.

Topics Covered

• Figuring out your various exit strategies

• Getting quick cash from wholesaling

• Targeting the best markets

• Connecting with park managers

• Meet a seller where they are

• Evaluating a buyer

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? CRM - Active Campaign

• Advice for someone looking to get into mobile home flipping? Mhvillage.com

• Which book are you currently reading and which one has had the biggest impact on your life? The Calling, Motivation Manifesto

• Do you have any rules for success that you live by? Waking up each day with gratitude. How you start each day is everything.

• At the end of your life, how do you want to be remembered? Samera - Serving and Giving - The Go Giver. Jay - being a servant leader.

• Where can CTW Nation go to contact you or find out more about Trailer Cash Academy YouTube.com/TrailerCashAcademy [email protected] trailercashacademy.com

Brett is the CEO of Capital Gains Tax Solutions where he helps business professionals defer capital gains via the Deferred Sales Trust tool. He has experience in not only deferred sales trusts, but also Delaware Statue Trusts, 1031 exchanges and millions in commercial real estate brokerage transactions.

Topics Covered

• Understanding manufactured installment sale

• Understanding the limits of the 1031

• Assessing the optimal time to buy

• Understanding trusts

• Estate tax v. capital gains tax

Nuggets of Wealth

• Where can my audience go to learn more about Deferred Sales Trusts? Capitalgainstaxsolutions.com
• What is a good tool, source, or platform that you use almost daily that can also help others? Loom - gives you the ability to create short videos and send them in emails.
• What book are you currently reading and which one has had the biggest impact on your life? The Seasons of Life by Jim Rohn, The Bible
• At the end of your life, how do you want to be remembered? Family - second before God, empowering professionals to give more to those in need. Agape International in Cambodia
• Where can Commit to Wealth Nation go to contact you and find out more about you and your business? Facebook, LinkedIn, Capital Gains Tax Solutions Podcast 

Shane is the co-founder of Texas based Catalyst Equity Partners through which he has acquired over 700 units in Houston and Dallas, Tx. In addition, Shane has over 10 years of experience working at Fortune 500 companies as a Certified Public Accountant and Consultant.

Topics Covered

• Overcoming setbacks

• Building credibility in a market

• Understanding supplemental loans

• Managing properties during coronavirus

• Planning and investing ahead

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? Slack, Calendly

• Which book are you currently reading and which one has had the biggest impact on your life? Rich Dad Poor Dad, Think and Grow Rich, E-Myth Revisited

• Advice for someone looking to get into MF investing? Education

• How do you like to give back? Helping others who are looking to get into the space.

• At the end of your life, how do you want to be remembered? Great father and family man.

• Where can CTW Nation go to contact you or find out more about Catalyst Equity Partners? LinkedIn [email protected] http://catequity.com/

Jorge has been Investing in Real Estate full time for over 14 years, having wholesaled over 200+ Properties, Fixed & Flipped over 100+ properties and developed $8M worth of several new construction projects. He is the CEO of Elevate Commercial Investment Group and has he now has ownership interest in 3,200 units, both on the LP and GP sides. In addition, he is the CEO of JNT Construction, where he focuses on helping Multifamily Investors with their full renovations.

Topics Covered

• Clear communication with investors, daily logs, video, pictures, updates
• Understanding preferred rate of return
• Looking for acquisitions amidst the pandemic/recession
• Building systems right the first time the prepare to scale

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? Active Campaign = CRM and marketing
• Which book are you currently reading and which one has had the biggest impact on your life? E-Myth, Can’t Hurt Me, Dare to Lead
• What was the best business advice you ever received? Hire others better than you.
• Rules for success? #1 Focus, #2 Don’t be afraid to be uncomfortable, #3 Find where you can add value
• Where do you see your business in 5 years? Continue to focus on MF. Originally said 10,000 units by 2021, 20,000 units over 5 years. Continue to grow on that end.
• At the end of your life, how do you want to be remembered? Family to give them more than what I have. Family Man. Good business owner.
• Where can CTW Nation go to contact you or find out more about Elevate Commercial Investment Group or JNT Construction? elevatecig.com - Free Ebook jntconstruct.com [email protected] Free checklist LinkedIn account: https://www.linkedin.com/in/jorgelabreu Facebook account: https://www.facebook.com/jorge.abreu Instagram account: http://www.instagram.com/jorgemultifamily "

George is the Vice President of Loan Originations at Basis Investment Group where he has assisted borrowers in debt and equity placement for commercial multifamily transactions.

Topics Covered

• Understanding the CMBS market
• Understanding the debt fund
• Understanding Libor
• Assessing business plans for tertiary markets
• COVID-19’s impact on debt funds
• Requesting forbearance
• Communicating with your lenders

Nuggets of Wealth

1. What is a tool, source, or platform you use every day that can also help others? YouTube
2. What is the top advice you would give to potential borrowers in today’s market? Stay on top of market research, be realistic, take it in short-term intervals
3. What are some of the mistakes you’ve seen borrowers make? Difference between lender’s underwriting v. a borrower’s underwriting
4. Where can Commit to Wealth Nation go to contact you and find out more about you and Basis Investment Group? basisinv.com

Jeff is an attorney and partner with Gibbs Giden where he and his team focus on residential and commercial transactions, purchase and sale agreements, syndications, and leases.

Topics covered:

• Biggest mistake is not reading the agreement

• Understanding representations and warranties

• How to cover yourself after a sale

• PPM=disclose, disclose, disclose

• Navigating major upsets like COVID-19

• Planning your deal ahead of time

• Understanding the difference between residential and commercial leases

• Protecting yourself in a commercial lease

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daily at your firm that can also help others? Zoom

• What was the best general legal advise you can give? Check your insurance, casualty insurance, liability insurance

• What’s a good resource for people to follow to keep up with legal issues? Law firm blog posts

• Where can Commit to Wealth Nation go to contact you and find out more about you and your law firm? www.gibbsgiden.com [email protected]