Two Smart Assets

Join Daniel Nickles and Chris Thompson with their guest Susan Elliott of Flowstate Investing. They talk about what notes are, note investing, performing and non-performing notes, and how notes greatly diversify investing strategies. In this episode, Susan shares how her expertise with kayaking equipped her with skills she was able to transfer to real estate investing. Particularly with notes –a niche that has helped her team discretely provide impact and value to persons and families. Where buyers struggle to pay their mortgage, Flowstate Investing comes in to purchase notes, refinancing strategies, restructure payment plans, etc. For Susan, being a notes investor is almost like being a bank.

In this episode you will learn:

• From river engineering to real estate note investing.

About Susan Elliott:

After a decade spent as an international whitewater kayak instructor, Susan discovered the hidden world of Performing and Non-Performing Notes and their incredible wealth-building potential. With Flow State Investing, she helps other investors get more time back and build passive cash flow to pursue their bucket list instead of the next rung in the career ladder.

Susan thrives on communicating intimidating and detailed plans to anyone. She accredits this skill to years working as an adventure guide as well as a River Restoration Engineer. From presenting a detailed financial model to leading a team down a remote river canyon, she seeks to connect with individuals in a way that helps them realize their own strengths.

Today, she helps connect investors with amplified returns through Note partnerships and investments so that they never have to become a landlord (a role she also currently plays and is strategizing her exit plan). Susan also co-manages a suite of Short Term Rental properties in the epic Columbia River Gorge.

Connect with Susan Elliott on:

Website:              https://flowstateinvesting.com/

LinkedIn:             https://www.linkedin.com/company/flow-state-investing/

Facebook:           https://www.facebook.com/flowstateinvesting

                                https://www.facebook.com/smhollings

Instagram:          https://www.instagram.com/flow.state.investing/

https://www.instagram.com/sheseeksflow/

Email:       [email protected]

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Adam Stern as they speak of everything about off-market deals and renting homes over owning homes. Due to what happened in 2008, Adam discovered the turmoil that the decline of rates for selling homes can create for homeowners. As a result, paying for rent compared to paying a mortgage becomes more of the wiser option for most. In this episode, listen as Adam expounds on what he thinks the biggest asset for anyone in real estate is and the indicators that shape the demand for renting homes.

In this episode you will learn:

• How Build-for-Rent is done.

About Adam Stern:

Adam Stern is a leading expert on the Build-for-Rent market providing guidance on go-to-market strategies for regional builders and land/lot developers intent on expanding their transaction volume and revenue by servicing the ever-increasing demand for Single Family Rentals (SFR), particularly from institutional investors that own and operate rental homes in the US.

Adam is also an authority on the acquisition and disposition of SFR portfolios nationwide. He has helped facilitate SFR transactions totaling hundreds of millions in volume and was one of the earliest to recognize that portfolios of stabilized Single-Family Rentals were a product that deserved a specialized service and built a robust network of owners and buyers active in the space.

Co-founded OwnAmerica, a marketplace for single-family rental property portfolios that was acquired by Renter's Warehouse in late 2018. Later founded Strata SFR, a boutique brokerage focusing on Build-For-Rent SFR opportunities across the US. 

Connect with Adam Stern on:

Website:              https://stratasfr.com/

LinkedIn:             https://www.linkedin.com/in/adamstern00/

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Arn Cenedella, the founder of Spark Investment Group, as they talk about the factors that make passive investing a robust venture and the experience of transitioning to multifamily investments. In this episode, Arn explains what the focus should be for those who are at the peak of their W2 careers. Arn's experiences taught him that a professional's time is a commodity that is as precious as money.

In this episode you will learn:

• Entered investing and brokerage at twenty-two; on transitioning to multifamily.

About Arn Cenedella:

Arn Cenedella, the founder of Spark Investment Group, is a real estate expert with more than four decades of experience, including 35 years as a Realtor navigating the unique real estate landscape in Silicon Valley, CA. During that time, Arn invested in real estate ranging from single-family homes and fix-and-flips to land subdivisions and condominium conversions to commercial multifamily properties.

Through these experiences, he developed a passion for helping others achieve their financial freedom through investing in multifamily real estate syndications. Through Spark Investment Group, Arn is putting his decades of real estate expertise to work for his clients, helping them reach their goals and attain the lives they've always wanted to live.

Connect with Arn Cenedella on:

Website:              https://www.investwithspark.com

Email:                    [email protected]

Phone:                 650-575-6114

LinkedIn:             https://www.linkedin.com/company/spark-investment-group/

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

Facebook:           https://www.facebook.com/investwithspark

                                https://www.facebook.com/arn.cenedella

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Hendra Tambunan, the Co-Principal of Idea Box Capital, as they talk about the imperativeness of having a why, the three T's, and the fast-food experience in investing. In this episode, Hendra explains why investing in multifamily became all about relationships. He believes that in order for an aspiring investor to be empowered, one must invest in himself first.

In this episode you will learn:

• How do you build the confidence to make transitions and major decisions?

About Hendra Tambunan:

With Fortune 50 management and Big 4 leadership experience under his belt, Hendra shifted his ambitions towards single-family investing into multifamily investment in late 2018. A decision that allowed him to access new opportunities and expand his financial interests. Currently, Hendra's portfolio includes more than 700 apartment units in Texas and Kentucky.

Connect with Hendra Tambunan on:

Website:              https://www.ideaboxcapital.com/

Linkedin:              https://www.linkedin.com/in/htambunan/

Facebook:           https://www.facebook.com/hendrat

Instagram:          https://www.instagram.com/hendrat/

Email:                    [email protected]

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Kaylee McMahon, the Founder of the Shevest App and The Apartment Queen, as they talk about tractions, proactivity, and the habits that weaken a woman's influence and image. In this episode, Kaylee shares how they're changing the face of multifamily by involving millions and millions of more women into the sector through education, opportunities, and leadership towards financial empowerment.

In this episode you will learn:

• The 2020 deal flow and on creating quantifiable traction.

About Kaylee McMahon:

Kaylee has purchased over 68.2 million in real estate as a General Partner and principal. She sold over 3 million dollars in residential real estate before transitioning into her current full-time syndication role. Originally from Portland, Oregon, host of InvestHER Dallas. She has started a podcast called #1 Leading Ladies, where she interviews kick-ass women who are disrupting their industry and the REAL story of how they got where they are. She is developing technology to help make it easy and convenient for women to learn how to make passive income through apartment investing.

The entire backbone of what gets Kaylee out of bed every day is her "why." This is something she will share when asked personally about it. Still, at a 30,000-foot view, it is to create independence and space for those experiencing codependency and toxic relationships, which hamper their ability to visualize and then manifest what their amazing reality truly could be. Her company culture models this why and is "changing the face of multifamily" to bring more women into the light as powerhouse operators, key principals, and commercial brokers.

Connect with Kaylee McMahon on:

Website:              https://theapartmentqueen.com/

Linkedin:              https://www.linkedin.com/in/kaylee-mcmahon-the-apartment-queen-tm-59440b69/

Facebook:           https://www.facebook.com/rebykaylee/

YouTube:             https://www.youtube.com/channel/UCw8xwTr-Z_F2PC3IWHNCZdA/videos?view=0&sort=dd&flow=grid

SheVest App:     https://theapartmentqueen.com/shevest/

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Jorge Abreu, the CEO of Elevate, as they talk about the approach to teaming up with the right people and the challenges in a due diligence process. In this episode, Jorge shares about his software-based due diligence process and the frame of questions you need to ask when doing due diligence. For Jorge, there is no going further with a deal if he can't pass getting comfortable with whoever is leading the investment.

In this episode you will learn:

• The love for transforming properties.

About Jorge Abreu:

Jorge Abreu is the co-founder and CEO of Elevate.  He manages the properties before and after we close, communicates with the property managers, and ensures everything is on track with the business plan.  Jorge was born and raised in Miami, Florida, has a Bachelor's degree in Engineering. After college, he left corporate America and to begin a real estate career.

He teamed up with Eric Bodiwala and used his engineering background to complement Eric's marketing background built what is Elevate today. Jorge uses his engineering knowledge to manage all of the construction projects. With more than 12 years of real estate and construction experience, Jorge is second to none when it comes to evaluating and renovating properties.

Jorge currently has $125M of assets under management totaling 1720 units.

Connect with Jorge Abreu on:

Website:              https://www.elevatecig.com/

Email:                    [email protected]

Linkedin:              www.linkedin.com/company/elevate-cig/

                                www.linkedin.com/company/jntconstruction

                                www.linkedin.com/in/jorgelabreu/

Facebook:           www.facebook.com/ElevateCIG/

                                www.facebook.com/JNTConstruct/

                                www.facebook.com/jorge.abreu

Instagram:          www.instagram.com/elevatecig/

                                www.instagram.com/jorgemultifamily/

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Bernard Reisz of ReSure Financial LLC as they talk about the misinformation on self-directed retirement accounts and the difference between traditional markets and retirement plan markets. In this episode, Bernard dispels the bad advice that people usually get from those who present themselves as advisors. For Bernard, products with unidentified cons are not worth the risk; he believes these concealed aspects of a product eventually come as an unfavorable surprise in an investment.

In this episode you will learn:

• In the financial space, what you get is what you don't see.

About Bernard Reisz:

Bernard Reisz, a CPA with extensive experience in the alternative investment and finance industries, founded ReSure LLC and ReSure Financial Advisors LLC. With a background in financial and tax analysis for both institutional and personal investors, ReSure is positioned to serve all self-directed retirement account needs.

Connect with Bernard Reisz on:

Website:              https://www.401kcheckbook.com/

LinkedIn:             https://www.linkedin.com/in/bernard-reisz-cpa/

                                https://www.linkedin.com/company/resurefinancial/about/

Facebook:           https://www.facebook.com/profile.php?id=100018434525079

                                https://www.facebook.com/ReSureFinancial/

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Savannah Arroyo, The Networth Nurse, as she talks about a medical worker's experience on getting into active real estate investing. In this episode, Savannah shares the education she had to collect and the change they had to manage to make their first real estate project work. When setting foot into new ventures, for Savannah, it is essential to source your knowledge from not just one resource and to always have an extra set of eyes to serve as a guide.

In this episode you will learn:

• Getting hooked by real estate while on maternity-leave and binging on YouTube.

About Savannah Arroyo:

Savannah is a full-time Registered Nurse in Los Angeles, California that helps manage multiple departments at a busy, Magnet-recognized hospital. She is also a Real Estate Investor that invests in primarily value-add multifamily syndications.

Willow Investment Group strives to do business with the highest level of real estate professionals. They seek out investment opportunities that provide the most optimal returns for investors. Willow Investment Group is transparent, trustworthy, and totally committed to making people's money work for them.

Connect with Savannah Arroyo on:

Website:              https://thenetworthnurse.com/

Linktr.ee:             https://linktr.ee/thenetworthnurse

Email:                    [email protected]

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Francesca Apostolou of Niveau Properties as she talks about how a teacher became an accidental landlord. Francesca speaks from experience how she got her knock on real estate at an early age from how her parents ran things around the house. In this episode, she talks about landlord-friendly markets, due diligence, and takeaways from books she learned from the most. For Francesca, doing due-diligence on anything you do with your money and investment is always a must.

In this episode you will learn:

• "My parents house hacked our basement."

About Francesca Apostolou:

Francesca Apostolou is a mom of two, a wife, a teacher, and a multifamily investor. She currently resides in Westchester County, NY with her family. Francesca and her husband have tried traditional Wall Street investing and quickly realized the Wall Street Casino was not the game they wanted to play. They discovered the power of real estate when they purchased their first home and rental property. Francesca loves spending time with family, the beach, hiking, and talking about anything real estate.

Connect with Francesca Apostolou on:

Facebook:           https://www.facebook.com/niveauproperties/

                                https://www.facebook.com/profile.php?id=100010263522416

Linkedin:              https://www.linkedin.com/in/francesca-apostolou-07a91619b/

Email:                    [email protected]

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form

Join Daniel Nickles and Chris Thompson with their guest Scott Krone, the Founder of CODA Management, as they talk about the overall viability of self-storage properties. In this episode, Scott compares self-storage properties to multifamily properties on low cost and predictability, a point that's important for passive investors to note. For him, self-storages are dumbed down multifamily properties that are apartments without toilets and sinks. Find out what more Scott has to say about self-storage as you tune in with us in this episode.

In this episode you will learn:

• From real estate development to self-storage projects.

About Scott Krone:

Mr. Krone is a Chicago native whose career in architecture began in 1991 by pursuing his Masters of Architecture from the Illinois Institute of Technology.  While obtaining his degree, he also worked as a Project Manager for Optima, Inc. 

During his time at Optima, Krone's responsibilities included such notable projects as the 400 unit Cormandel in Deerfield, IL, the 40 unit HedgeRow in Winnetka, IL, and the 51 unit Optima Center Wilmette in Wilmette, IL.

In 2012, Krone founded Coda Management Group – a firm that specializes in managing real estate assets.  Since its inception, Coda has managed a wide range of real estate, including single and multifamily homes, retail, commercial warehouse, self-storage, and multi-use flex athletic spaces.  Currently, the platform of investments is in excess of $54 million.

In 1998, Krone founded Coda, an award-winning Design + Build | Sustainability | Consulting firm.  Since its inception, Coda has won numerous design/build awards, including the international Green GOOD Design Award in 2010, Best of Houzz 2014 and 2015, and Design Evanston Award.

Their work has been featured in notable publications as Dream Homes - Chicago, Midwest Luxury Homes, Crate & Barrel 2010 Best Catalogs, NBC TV Show Taste, and national ACE Hardware Commercials.

In addition, Krone has authored High-Performance Homes – Navigating the Green Road to Your Dream Home, a book for homeowners seeking to incorporate green technology into their homes.

Krone resides in Wilmette, IL, with his wife and three children.

Connect with Scott Krone on:

Website:              https://www.codamg.com/

Linkedin:              https://www.linkedin.com/in/scott-krone/

Facebook:           https://www.facebook.com/CodaManagementGroup/

Connect with Two Smart Assets on:

Website:              https://twosmartassets.com/

Facebook:           https://www.facebook.com/TwoSmartAssets/

Instagram:          https://www.instagram.com/twosmartassets/

YouTube:             https://www.youtube.com/channel/UC5b8x2o3ByaPBcz5Lkev7uw

✅Check out our free apartment syndication sample deal:

https://twosmartassets.com/sample-deal-form

📕Don't forget to grab our free passive investing guide for apartment syndications:

https://twosmartassets.com/investing-guide-form