Passive Income Through Multifamily Real Estate

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Infinite Wealth Consultants

Peter Pomeroy Email

Episode #297: An Introduction to Infinite Banking with Anthony Faso and Cameron Christiansen Jun 05, 2023

Show notes

Today's guests, Anthony Faso and Cameron Christiansen, are dedicated to assisting individuals in achieving financial freedom through passive income. They do this through the concept of Infinite Wealth where they use whole life insurance policies to overfund and create cash value in a way that is heavily influenced by Robert Kiyosaki’s Rich Dad Poor Dad. In this episode, they delve into the concept of Infinite Banking, explaining how whole life insurance policies can be leveraged to overfund and create cash value. Additionally, they provide insights into the workings of conventional banks, outline the advantages of utilizing whole life insurance policies, and explain the impact of compound interest and simple interest on this strategy. The episode covers the process of obtaining funding through a policy like this, including qualification for individuals who earn a commission or lack a W2 job. Regardless of whether you are a younger person trying to carve out a monthly contribution for Infinite Banking, an older person who may feel that time is limited for engaging in this strategy, or someone somewhere in between, this episode is filled with insightful information and helpful advice to help you achieve financial freedom.

Key Points From This Episode:

An introduction to our guests and how they came to establish Infinite Wealth Consultants.
The concept of Infinite Banking and how you can use whole life insurance policies to overfund and create cash value.
Insight into how conventional banks work.
What Infinite Banking is and how it works.
The advantages of using whole life insurance policies.
How compound interest and simple interest affect this.
An explanation of how to get funded with a policy like this.
How someone who earns a commission or doesn’t have a W2 job can qualify for something like this.
Insight into how much you can borrow against your policy.
What somebody should think about before taking money out of their whole life policy.
Why our hosts believe we should be teaching this to our kids.
What Anthony is doing to set his grandson up with a passive income.
Encouragement for a younger person trying to carve out a monthly contribution for Infinite Banking.
Advice for an older person who might not think there’s enough time to do Infinite Banking.
How to get free access to the Infinite Wealth Consultants free online course.

Links Mentioned in Today’s Episode:

Cameron Christiansen

Anthony Faso

Rich Dad Poor Dad

Becoming Your Own Banker

Free Infinite Banking Course

Infinite Wealth Consultants on Facebook

Infinite Wealth Consultants on Instagram

Passive Income Through Multifamily Real Estate Facebook Group

Drew Breneman on LinkedIn

Peter Pomeroy Email

Episode #296: The Value of Thinking Long-Term with Drew Breneman May 29, 2023

Show notes

Making money slowly isn't necessarily sexy but today’s guest has learned from experience that there is no better path to long-term wealth than long-term thinking. We are joined by Drew Breneman, who began his real estate career at just 19 years old when he started Breneman Capital and bought his first four rental properties with money earned from the internet business he started in high school. After earning degrees in Real Estate and Urban Land Economics from the University of Wisconsin, he worked for three national real estate development firms, each of which focused on different product types from office and retail to market-rate and affordable multifamily. Drew is also the co-founder of the Blackhawk Investment Group and Dwelle, a Chicago-focused real estate investment and property management group. In this episode, Drew tells us how his ambition for finding the best investment vehicle for his earnings led him to real estate and how his make-money-slow approach has allowed him to achieve an impressive internal rate of return (IRR). We also discuss the power of reinvesting, why Drew likes to “keep it simple,” and why he recommends that new investors learn by doing while keeping trends in mind, plus so much more! Be sure to tune in today for a fascinating conversation with born-entrepreneur, Drew Breneman.

Key Points From This Episode:

A look at the wide variety of entrepreneurial endeavors Drew has been involved in.
How he found real estate while searching for the best investment vehicle for his earnings.
Ways that long-term thinking or “delayed gratification" has played into his success.
The story of how Drew acquired his first milestone investor and partner.
How they achieved an average of 25% IRR across their deals in a 10-year period.
The power of reinvesting and why Drew is so focused on the execution of every deal.
What it means to Drew to keep things simple and how this reflects in his deals.
The value of learning by doing and taking action (when it makes sense to do so).
Drew's take on risk-adjusted returns and his advice for investors.
How you can benefit from keeping trends in mind when considering an investment.
Insight into Breneman Capital; markets, product types, investors, and more!
Key lessons from the biggest mistake that Drew made as a real estate investor.
How having a son has changed Drew’s perspective on success.

Links Mentioned in Today’s Episode:

Drew Breneman on Twitter

Drew Breneman on Instagram

Breneman Blueprint Podcast

Breneman Capital

FREE Real Estate Investor Guidebook for Passive Investors

Black Hawk Investment Group

Dwelle

Investing in Real Estate

Passive Income Through Multifamily Real Estate Facebook Group

Charlie Armendarez on LinkedIn

Peter Pomeroy Email

Episode #295: The Ins and Outs of the New VSV Fund with Charlie Armendarez May 22, 2023

Show notes

Vertical Street Ventures has a very exciting new fund to introduce and joining us today on the Passive Income Through Multifamily Real Estate podcast is the wonderful Charlie Armendarez. Charlie is a very experienced financial advisor who is working with VSV on this innovative new fund. Tuning in, you’ll hear all about how he got involved with VSV, his career so far, what led him to real estate, and what motivated the launch of the new fund. It is imperative that investors think about their returns on a risk-adjusted basis and today, Charlie explains why that’s important before delving into how the fund diversifies investors’ money. He a talks us through the three classes of the fund, how they are presenting these deals, why working for our money in investment is essential and so much more! We also get to hear about the career he would choose if not real estate investing and finally, tells us about his '75 hard' experience. Thank you for listening in!

Key Points From This Episode:

A brief overview of today’s guest, Charlie Armendarez.
How Charlie connected with Vertical Street Ventures.
How his past experiences in his career relate to the work he is doing in real estate now.
Charlie tells us about the motivation to launch the new VSV fund.
Why it’s important for investors to be thinking about their returns on a risk-adjusted basis.
The ways the new fund will diversify investors' money in different types of deals.
Charlie tells us about the new fund's three different classes.
Why people are more averse to taking risks now than they were before.
Why questions arise about financing most often when it comes to this kind of investment.
Charlie tells us the range of projected returns on the fund.
How to present these different deals to potential investors.
Why you cannot have the same expectations when interest rates change.
Why we really have to work for our money when it comes to multifamily investment.
Why Charlie would go into development if he had to choose a different career.
The lessons that our guest has learned from '75 hard'.

Links Mentioned in Today’s Episode:

The Handbook of Mortgage-Backed Securities

Passive Income Through Multifamily Real Estate Facebook Group

Whitney Elkins-Hutten on LinkedIn

Peter Pomeroy Email

Episode #294: Balancing Cash Flow and Appreciation Goals with Whitney Elkins-Hutten May 15, 2023

Show notes

In today's show, we have an in-depth chat with the Director of Investor Education at PassiveInvesting.com, Whitney Elkins-Hutten. Whitney has loads of wisdom to share when it comes to the process of entering the real estate game, generating a parallel income stream, and the strategies that can help you on a path to more financial independence. She is a partner in over $800 million in real estate investments across an array of asset classes, and also has a Ph.D. in community health and nutrition! One element of her current work is helping other investors implement the strategies used successfully by the wealthy, and by tuning in today, you can get a front seat for a few of these lessons! We cover regional choices, asset class options, building a strong team, and much more.

Key Points From This Episode:

Whitney shares her backstory and route into real estate fix and flips.
Examples of a simple approach to the first big investment milestones.
Appreciation and cash flow; Whitney talks about how she balances these two goals.
Choosing the right investment markets for your needs and risk tolerance.
Building the right team to complement and supplement your skillset.
Whitney talks about her investment in express car washes.
The top factors that contribute to operational success at PassiveInvesting.com
Region consolidation and how this grounds Whitney's business model.
Translating the investment strategies and principles of billionaires.
Whitney unpacks her list of important freedoms.
How to find and connect with Whitney online.

Links Mentioned in Today’s Episode:

VSVCon 2023

PassiveInvesting.com

Passive Investing Made Simple

Rich Dad, Poor Dad

Bigger Pockets

Tribevest

Passive Income Through Multifamily Real Estate Facebook Group

Casey Christensen on LinkedIn

Peter Pomeroy Email

Episode #293: House Hacking to Multifamily Mastery with Casey Christensen May 08, 2023

Show notes

In this episode, we're excited to welcome Casey Christensen to the show. Casey's journey into the world of real estate investing began in 2014 when he decided to rent out his townhome and house-hack a single-family home. Since then, he's made significant strides in his real estate ventures; including his first out-of-state investment in 2020 and the acquisition of eight units outside his home state. In addition to his successful real estate endeavors, Casey also cofounded Fortified Equity, a company he established with two partners in 2020. In this episode, we dive into Casey's story, discussing his path to real estate investing and how he acquired capital to close his first deal. We also explore how Casey first learned about syndications and broke into the real estate investing market. He shares the many hard lessons along the way, his first joint venture, how this led to founding Fortified Equity, what the company has planned for the future, and more! Don't miss out on this incredible opportunity to gain valuable insights into real estate investing from Casey Christensen!

Key Points From This Episode:

We welcome Casey and learn more about his background and real estate journey.
How he was able to purchase his first property with almost no capital.
Learning from the ground up: how he taught himself the real estate game.
Casey shares some hard lessons and challenges along the way.
He tells us details about his first capital stack.
His first joint venture and how it led to the founding of Fortified Equity.
Leveraging Vertical Street Ventures to build on the success of Fortified Equity.
Find out details about his current project in Little Rock.
The challenges and opportunities that come with investing out of state.
Hear about developing and sustaining a productive and successful team.
Find out whether raising capital is still a concern for him.
Why he is passionate about real estate investing as a path to financial freedom.

Links Mentioned in Today’s Episode:

Casey Christensen Email

Casey Christensen Phone: 801-615-1960

GPS Capital Markets

Rich Dad Poor Dad

BiggerPockets

The ABCs of Real Estate Investing

VSVCon 2023

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #292: Alleviating Real Estate Syndication Pain Points with Perry Zheng May 01, 2023

Show notes

Today’s guest can best be described as an innovator who is disrupting the world of real estate syndication with his unique and indispensable products. Perry Zheng is the CEO and Founder of Cash Flow Portal, a modern online space and software dedicated to real estate syndication. Perry began his career as a software engineer and eventually turned to real estate investing and, ultimately, syndication. After learning about how Perry found his way to real estate, our guest explains what inspired him to found his company, the factors he took into consideration before taking the plunge of building the portal, how Cash Flow Portal works, and what sets his platform apart from its competitors. Perry is driven by the need to alleviate societal pain points, and his engineering background, coupled with his keen sense for innovation, allows him to do just that! For more about innovation as a way of life, the weight of entrepreneurship, and the future of Cash Flow Portal, tune in now!

Key Points From This Episode:

Welcoming Cash Flow Portal’s Founder and CEO, Perry Zheng.
Perry’s background and how he got into real estate.
How he found his syndication team and his advice for those joining a mentorship group.
What inspired him to found Cash Flow Portal.
The evaluation and analysis process he underwent prior to building the portal: A leap of faith and plan B.
An overview of Cash Flow Portal and some specifics on how to use it.
Ease of use and other ways that Cash Flow Portal sets itself apart from its competitors.
Innovation as a way of life, and the weight of entrepreneurship.
Perry lets us in on what Cash Flow Portal could look like in 2028.
The industry he’s most likely to innovate in besides real estate.

Links Mentioned in Today’s Episode:

Perry Zheng on LinkedIn

Perry Zheng on Twitter

Perry Zheng Email

Cash Flow Portal

Cash Flow Marketplace

Passive Income Through Multifamily Real Estate Facebook Group

Jenny Gou on LinkedIn

Peter Pomeroy Email

Episode #291: Security Laws: Regulation D, Regulation A, and Regulation Crowdfunding with John Nieh, Esq Apr 24, 2023

Show notes

Anytime you are raising money from passive investors, whether it be for private equity, venture capital, or creating a fund, you need someone to help make sure you are doing it correctly. And that is where a securities attorney comes into play. Today we have John Nieh as our guest. John is a founding partner at Trowbridge Law Group and advises clients on matters that relate to crowdfunding, syndications, commercial real estate transactions, and security laws. Today, our conversation is largely based on security laws, including Regulation D rules (506(c) and 506(b)), Regulation A, and how they all differ. He shares some valuable insights regarding fast-paced syndicators and how it may potentially have a negative effect later on. We also talk about Regulation Crowdfunding and how it works. To hear more from John about the benefits and drawbacks of different security laws, syndications, and working in teams, don’t miss out on this episode! Tune in now.

Key Points From This Episode:

An introduction to our guest, John Nieh.
How he got into this niche of law.
Other examples of businesses that syndicate to raise money.
We dive into Regulation D rules: 506(c), 506(b), and Regulation A.
What is rule 506(c), and the key pieces to that offering.
The option to outbound your marketing or advertise your offer (with rule 506(c)).
Investments or people that particularly lend themselves to 506(c).
Difference between rules 506(c) and 506(b) and who is investing in them.
The 506(b) rule and the key milestones that establish a pre-existing, and substantive, relationship.
John’s thoughts on syndicators initially moving too quickly and how it negatively affects them later on.
We talk about Regulation A and how it differs from 506(c).
Some drawbacks of Regulation A.
John takes us through what crowdfunding is and the different types available.
He talks about working with teams, some common themes, both positive and negative.
The importance of having a continuity plan in place.
How John manages to be focused and present for all the people in his life.
Why Yosemite is an important place for John.
How to get in touch with John.

Links Mentioned in Today’s Episode:

John Nieh on LinkedIn

John Nieh Email

John Nieh on Twitter

John Nieh on Instagram

Trowbridge Law Group

Patch of Land

Passive Income Through Multifamily Real Estate Facebook Group

Real Estate Strategies with Ken McElroy on Apple Podcasts

Peter Pomeroy Email

Episode #290: Inflation, Learning from Mistakes, and Relationship Building with Ken McElroy Apr 17, 2023

Show notes

Investing in real estate can be tough, especially when the economy is erratic and the dollar is frustrating the entire world. Today’s guest on the Passive Income Through Multifamily Real Estate Podcast, Ken McElroy, has had over two decades of success in real estate investment, runs his own investment company, which owns over 10 000 units, has written best-selling books, and is a well-known speaker at events all over the world. Tuning in, you’ll hear all about how Ken got into real estate, where he learned the most about his craft, how he educated himself by surrounding himself with intelligent people and building good business relationships, and so much more! We delve into the dangers of interest rates, the lag effect, the unemployment rate, and the distress being experienced in real estate right now before Ken shares his investment strategy with us and how he gets out of difficult scenarios. Finally, Ken tells us his opinion of the dollar right now and why he would choose to invest in gold or silver outside of real estate. You don’t want to miss out on this incredible guest’s pearls of wisdom, so tune in now!

Key Points From This Episode:

Introducing today’s guest, Ken McElroy.
The unconventional way Ken got into real estate and what made him want to stick with it.
How Ken got his property education and how that kickstarted his own career.
Why being around smart people was really important to Ken’s success and how his limiting beliefs were the barriers to his success.
The importance of building good business relationships, especially in real estate.
Where Ken thinks interest rates are going and what the lag effect is.
How the unemployment rate affects real estate.
Ken shares his company’s investment strategy with us.
Ken’s opinion of the continuum of distress real estate is experiencing right now.
He tells us how he got himself out of a very tough situation in his career.
Why Ken would choose to invest in gold or silver if he had a million dollars to spend outside of real estate.

Links Mentioned in Today’s Episode:

Ken McElroy

Ken McElroy on LinkedIn

Ken McElroy on Twitter

Ken McElroy on Facebook

Ken McElroy on YouTube

MC Companies

Four Things You Need to be Watching in 2023

Vertical Street Ventures Conference

Passive Income Through Multifamily Real Estate Facebook Group