Wealth Matters By Alpesh Parmar

Aaron Fragnito is a Co-Founder of Peoples Capital Group (PCG), host of New Jersey Real Estate Network, a licensed NJ Realtor and a full time real estate investor. Aaron has completed over 250 real estate transactions, totaling more than $40,000,000 in Real Estate in his career.

Here are the questions from the podcast:

•         How did you get in real estate?

Ryan graduated with my Doctor of Pharmacy in 2015 at age 23. Ryan bought his first property in 2016. It was a single family home at his local college. He rented out the house per bedroom and renovated to add extra bedrooms to increase rental profit.

He repeated the same process for each property, buying 1 property each year. He then created a system for getting consistent high quality tenants, managing the tenants, and decreasing expenses through preventative maintenance. He now makes $10,755 per month in rental income.

Questions from the podcast:

•         How did you get in real estate?

This week we want to share a couple of valuable resources for any of our listeners interested in real estate investment:

Ellie Perlman is a real estate investor who owns multifamily properties across the U.S. Ellie is the Founder and CEO of Blue Lake Capital, a real estate investing firm specializing in multifamily acquisition and management. At Blue Lake Capital, Ellie helps investors grow their wealth by investing alongside her in large multifamily deals. Ellie leads a mentoring program, REady2Scale, where she coaches people to become multifamily syndicators by building and scaling a syndication business. She started her career as a commercial real estate lawyer, leading real estate transactions for Israel’s largest real estate company. 

Ellie holds Masters in Law and an MBA from MIT Sloan School of Management. She is a Forbes author and a real estate investing podcast host.

Here are the questions from the podcast:

•         What's your current role in your business?

Minesh started negotiating and selling real estate at 16 years old. Together with his father, he pioneered a unique no-money down real estate transaction process in the UK. He went on to help investors purchase property worth over £20m with this strategy. At the age of just 18, he also completed his first independent real estate deal for three flats in the heart of London’s financial district, which netted him a cash-back on purchase of £68,000 and £250,000 in equity.

Here are the questions from the podcast:

Free Webinars:

With more than eighteen years in the commercial real estate business, Glenn has successfully owned and operated mobile home parks, as well as assisting his clients buy and sell mobile home communities throughout the U.S. markets.

In 2019, Glenn was recruited by Marcus & Millichap, Atlanta as a Vice-President to build a national MHP/RV team with an emphasis on the east coast and southeastern markets.

Here are the questions from the podcast:

Founder of Partners for ProsperityTM , LLC, CEO Kim Butler has shunned common financial products in favor of alternative investments, private lending and creative life insurance strategies outside of the typical financial planning “box”. Co-founder of The Prosperity Economics Movement, she is known as a decisive thought and action leader. Twice awarded Investopedia Most Influential Advisor, 2017 and 2018.

Here are the questions for the podcast:

Colin is a former professional golfer turned entrepreneur. Colin is the host of the Daily Grind Podcast, a show dedicated to showing you how you can get out of the grind of your life and do something you are truly passionate about.

Colin shows businesses how a podcast can be their greatest marketing tool. He also is a speaker on the topic of abuse in sports, he hopes to share his story in hopes to educate young people on the risks young high-level athletes face.

Here are the questions from the podcast:

· What inspired you to become an entrepreneur?

· How did you get started with podcast?

· Did you have any other side hustles before the podcast?

· What did you do to start monetizing your side gig?

· If you could provide one golden nugget, or tool to the audience about being an entrepreneur/business owner what would that be?

· I have heard that any new business venture can take at least one year before breaking even? How long did you have to wait and how long a newbie should wait?

You can connect with Colin by emailing at [email protected].

Eric Martel has long been involved in real estate both in Canada and in the United States. Eric purchased his first multi-family property in Canada while still in college. After graduating in Actuarial Mathematics, Mr. Martel built a career in project management and business consulting. His 25 years of project management experience can ensure that our projects are successful.

Here are the questions from the podcast:

•             How did you get started with real estate?

•             What inspired you to become an entrepreneur/business owner…YOUR WHY?

•             Why Cleveland market?

•             How's the rental demand in Cleveland market and what should investors see during downturn?

•             What kind of returns investors should anticipate in this market?

•             What are the top three things which differentiates Martel turnkey from other similar providers?

Ben has been an entrepreneur for 15 years, first starting his career in IT sales and business development then onto management, having grown sales at his IT firm, OmniData, from $1.5MM to $2.5MM in a 3 year period. His background in management and sales has helped him propel into commercial real estate, first starting in 2013. Over the last 7 years he has been involved in the acquisition & asset management of nine multifamily properties, through partnerships and Disrupt Equity, totaling over $80MM in current AUM and the purchase and sale of over 1600+ units. He currently owns ten companies, with over 50 employees and revenues approaching $20MM. When he's not working to grow Disrupt Equity, Ben loves spending time with his family, traveling, continuing his education in real estate and personal development, and philanthropic work and volunteering in and around Houston where he resides.

Here are the points discussed during the podcast:

· How did you start in real estate?

· Define underwriting?

· Can you take us through the analysis process after you receive a property via broker or other means?

· Can you share an example when underwriting showed you huge cracks in proforma numbers?

· What are some of the gotchas during underwriting?

Aaron Letzeiser is the Co-Founder & COO of Obie, a Y Combinator and venture-backed software company that provides portfolio management tools to commercial real estate owners and funds nationwide. A graduate of Michigan State University, Aaron is a serial entrepreneur who has successfully started and grown several businesses and was recently named to Forbes 30 Under 30 list.

Ryan Letzeiser is the Co-Founder & CEO of Obie, a Y Combinator and venture-backed software company that provides portfolio management tools to commercial real estate owners and funds nationwide. Ryan has over a decade of commercial real estate private equity experience with close to a billion dollars in acquisitions and dispositions under his belt. Ryan has a Masters in Architecture from Clemson University and a Bachelors from Michigan State University.

Here are the topics we discussed on the podcast:

Why is insurance so important, especially when it covers a rental property?

What are important aspects of landlord insurance policy to be aware of?

What to start thinking about when you add or have multiple properties to cover?

Should you require your tenants to have rental insurance? How to obtain proof of insurance?

How to know if you're getting a good deal or a good price for the premium?

Why do premiums rise every year and what can you do to ensure that doesn't happen?

What should I expect of my broker when it comes time for renewals?