Host: Casey Silveria
Guest: Derek Clifford
Hello everyone and welcome back to Farming for Passive Income show where we strive to educate the agricultural community on hands-off commercial real estate investing and growing their business.
I’m your host Casey Silveria and today we are joined today by Derek Clifford.
Derek Clifford is a successful single and multifamily real estate investor, author and podcaster.
He has retired himself from his full time corporate job back in September of 2021. Today he controls 400+ apartment units with over $50M AUM (Assets Under Management). His podcast, the "Elevate Your Equity" show focuses on helping corporate married professionals find and create three degrees of freedom: location, time, and financial. As the founder and CEO of Elevate Equity, Derek and his wife Sophie, partners with individuals and companies to purchase, improve, and operate cash flowing multifamily apartment real estate in the Midwest and South. Derek published his first book "Part-Time Real Estate Investing for Full-Time Professionals," in 2020, which has helped several people get started on the path of growing their passive income on the side while working a full-time corporate job.
He and his wife Sophie are now travelling the world while running their businesses and real estate portfolios, calling "home" wherever their current AirBNB's are booked. Places they've travelled to in the last year include Canada, Portugal, England, Ireland, Greece, Iceland, Norway, and Italy.
He also loves to give back his knowledge and has a passion for breaking down complex ideas into easy to explain topics. He’s helped many people start, maintain, and grow their portfolios to achieve their own financial independence. In his spare time, Derek enjoys relaxing with his wife, biking, hiking, reading, and undertaking small household construction projects.
You can reach out to Derek via email at mailto:derek@elevateequity.org, visit his website where you can find hid podcast, blogs, and videos at https://elevateequity.org. If you'd like to find out the 5 forms of Equity that Derek and his wife developed together at home to create a life of choice and freedom, check out his free e-book at https://elevateequity.org/podcastgift
Connect with Farmers Capital Group: https://farmerscapitalgroup.com/
Email Casey: Casey@farmerscapitalgroup.com
LinkedIn: https://www.linkedin.com
YouTube: https://www.youtube.com
Show notes:
00:40 His background or how he started CRE
6:50 “what’s good for you is what’s good for me too”
9:30 His business transition
12:57 Entity structure or the relationships of GP and LP
17:37 How do they position themselves in the market to ensure they are delivering their promises to the LP
22:50 Principles he use in his financial underwriting to ensure the returns on his investors
26:20 Their cutbacks and reserved budgets; tips and techniques
30:06 How do they execute their value add strategy on various locations
34:10 Reasons why Multifamily is a great asset class and why he prefers a larger deal than Single family
38:25 Wrap up