Wealth Matters By Alpesh Parmar

Scott Lewis is the CEO of Spartan Investment Group based out of Colorado.  We discussed about why one should perform thorough due diligence while acquiring real estate or any other type of business.

Here are the points we discussed:

Micahel Wagner is the principal at The Storage Rebellion and The Storage Rebellion University.

In his words: "I  believe that true happiness is achieved when we spend our time and  money in a way that is in alignment with our deepest values. Sadly, most  of America spends a vast majority of their time doing things they  merely tolerate just to make ends meet. Even before I achieved it  through Self Storage, I knew that Financial Freedom was not as hard to  come by as most people think it is. I also knew that if I could find a  way to achieve it, I would be able to help others do the same! I've been  investing in Self Storage since 2011."

Here are the topics we discussed:

What's your current focus?

Sean Christopher is based out of Baltimore and he started his real estate journey 20 years ago. He has now purchased nearly 300 cash flowing rental properties and have completed 1,000's of fix and flips.

Here are the questions from the podcast:

Some of the points discussed during podcast:

•         What kind of properties would qualify for commercial funding?

Daniel Kwak first immigrated to the United States with his family at the age of 5. Due to a financially disadvantaged upbringing at the age of 20 he had negative 187.65 in his bank account. This is when he decided to do something about it. He started learning about Real Estate Investing. The first two years he learned everything he could and at the age of 22 he did his first deal. And by age 23 he had 87 units, along with having raised millions of dollars in capital, and also having done a variety of different deals and strategies. He has also traveled across the country training and mentoring hundreds and thousands of aspiring real estate investors. Overall, Daniel aspires to be a great husband, and to be someone who just loves people.

Here are the questions from podcast:

•         Can you talk about your partnership structure and how is it like to work with your brother while building business?

Frank Rolfe has been an active investor in RV parks for nearly two decades. He and his partner, Dave Reynolds, are the 5th largest owners of RV and mobile home parks in the U.S., with over $500+ million in assets. Frank owns over 200 properties in 25 states across America. As a result of this large a collection of RV and mobile home parks, he has amassed a virtual reference book of knowledge on what makes for a successful RV park investment, as well as the potential pitfalls that destroy many investors.

Frank holds an A.B. in Economics from Stanford University.

Points discussed during podcast:

•            How did you get started in Real Estate?

•            Why RV parks as an investment?

•            Can you compare RV parks to Multifamily or Single Family Residences?

•            What is your criteria to invest in RV parks?

•            What happens to RV park when downturn occurs?

•            Can you share with us what do you think of current market cycle?

•            Which markets are you focused on and why?

•            What are some of the gotchas investor needs to keep in mind while investing in RV parks?

•            Can you talk about the book your partner Dave has written about RV park investing?

Here are the topics we discussed:

•         When and why did you start investing in real estate?

•         What are some things investors should keep in mind while investing in expensive markets?

•         Can you mention the mistakes you have made?

Cherry received her MD at Texas A&M College of Medicine with honors and completed her training at Oregon Health & Science University. She is an Internal Medicine physician in the DFW area and has experience with commercial real estate syndications across multifamily, self storage, and manufactured home parks as a limited passive investor, as well as raising private equity capital through The Real Estate Physician.

Some topics from the podcast:

•         You already make enough from your job so why why did you start investing in real estate?

Elijah began his journey in real estate in 2013 by investing in single family rentals in Fort Worth, TX. His drive to scale his business and build his family’s wealth catalyzed his transition into multifamily real estate where he is currently invested in over 460 units.

Elijah is an Information Technology (IT) Project Manager in the US Air Force, where he has proudly served his country for over 17 years guiding military and civilian teams to implement technical solutions, including data management, system installation, systems troubleshooting, strategic planning, and budgeting. Elijah has a B.A. in Business Administration from Columbia College and is a former member of the Fort Worth Chamber of Commerce.

Here are some of the questions from the podcast:

•         What's your primary job or business?