Passive Income Through Multifamily Real Estate

Passive Income Through Multifamily Real Estate Facebook Group

VSVCon 2023

Zach Haptonstall on LinkedIn

Peter Pomeroy Email

Episode #287: Raising Equity and Building Credibility with Zach Haptonstall of Rise48 Mar 27, 2023

Show notes

“If you want to raise money, you need to get the first deal done at all costs. Just close the first deal, because it instantly gives you credibility.” That is a message from today’s guest, the CEO and Co-Founder of Rise48 Equity and Rise48 Communities, Zach Haptonstall. Before entering the multifamily world, Zach tried his hand at many different careers including journalism and healthcare marketing, and in this episode, he explains why he eventually decided to make real estate investing his home. We learn how Rise48 became the go-to for top brokers, what Zach’s approach to raising equity looks like (and how it’s changed over the years), how investors are navigating the recent interest rate hikes, and how Zach's outlook on sourcing criteria moves with the times. We also speak about Rise48 Communities and how it fits into the greater picture, paying particular attention to how it affects the operations of Rise48 Equity. As we wrap up this inspirational and educational conversation, we discuss the recent rise in entry cap rates before Zach shares his methods of dealing with stress and fatigue and the two things he praises as the reasons for Rise48’s success. Tune in today!

Key Points From This Episode:

What led Zach to focus on multifamily as one of the many career paths he could’ve chosen.
How Rise48 became top of mind with brokers in its efforts to source deals.
Zach’s equity-raising process and how it differs from when he first formed Rise48.
Why investors are asking different questions than they did prior to the interest rate hike.
How Zach’s approach to sourcing criteria has changed since a year and a half ago.
Where Rise48 Communities fits in the company equation (and its operational implications).
How Zach is approaching the recent cap rate reversion.
The way he deals with the stress and fatigue that comes with his line of work.
Zach names two things that have been crucial to the success of Rise48.

Links Mentioned in Today’s Episode:

Zach Haptonstall Email

Grace Haptonstall on LinkedIn

Bikran Sandhu on LinkedIn

Rise48 Equity

Rise48 Communities

ZH Multifamily on Instagram

Success Habits of Super Achievers

CoStar

VSVCon 2023

Vertical CPA

Passive Income Through Multifamily Real Estate Facebook Group

Institutional Property Advisors

Peter Pomeroy Email

Episode #286: Understanding the Real Estate Landscape with Jay Lybik Mar 20, 2023

Show notes

Real estate can be a lucrative and rewarding investment but it comes with many challenges. To avoid pitfalls requires careful management and a willingness to tackle the many challenges of owning and operating real estate, but what does it take to be successful? Keeping up with the latest market trends in real estate can help investors, buyers, sellers, and property owners make informed decisions, manage risk, and achieve better outcomes in negotiations. In this episode, we sit down with Jay Lybik, the National Director of Multifamily Research at CoStar Group, as he shares insights from his long and illustrious real estate career. CoStar Group is the leading provider of commercial real estate information, analytics, and online marketplaces, where his work focuses on market research and portfolio management through innovative data techniques. Jay is a highly respected thought leader, who has presented at numerous industry events and featured in several prominent publications. In our conversation, we find out the current state of the market, hear insider tips to help you safely navigate the marketplace, and learn how to effectively leverage investments. We also discuss the difference between primary, secondary, and tertiary markets, the challenges that investors are currently facing, ideal market locations, predictions he has regarding market trends, and much more. If you want to stay ahead and be able to make informed investment decisions, don’t miss out on this conversation with industry expert Jay Lybik!

Key Points From This Episode:

Jay’s overall thoughts on the current market and what investors should focus on.
What trends he expects to see in the marketplace in the next couple of years.
We discuss cape rate reversion and how it impacts investors.
He shares an example of how to approach investing given the variability of cap rates.
Find out how he characterizes the overall real estate marketplace.
Why the lines have become blurred between primary and secondary markets.
He explains how multifamily real estate has bolstered the marketplace.
Hear his predictions for rent growth and what he regards as the best products.
Discover what product will protect your investment from rising costs.
How he thinks the marketplace can gain more stability in the long run.

Links Mentioned in Today’s Episode:

Jay Lybik on LinkedIn

Jay Lybik Email

CoStar Group

Vertical Street Ventures National Conference

Passive Income Through Multifamily Real Estate Facebook Group

Bronson Equity on LinkedIn

Peter Pomeroy Email

Episode #285: Making Inflation Work For You with Bronson Hill Mar 13, 2023

Show notes

As of a few months ago, there were $5 trillion sitting in the bank accounts of American citizens. And as Bronson Hill explains in this episode, that is the last place you want your money to be sitting. Because the American economy is upheld by consumer spending, the government has reason to keep people in the dark about inflation levels, but this episode sheds light on what is really going on behind the scenes. Bronson leads Bronson Equity, hosts the Mailbox Money Show, is a coach at Kingdom REI, and the author of How To Use Inflation To Your Advantage, so it’s safe to say he knows what he is talking about when it comes to investing during times like these.Tune in today to hear why now is the time to get your money out of your bank account and start making smart investment decisions!

Key Points From This Episode:

The consequences of inflation.
Two advantages of taking out debt.
How the COVID-19 pandemic caused a major increase in inflation.
Why you shouldn’t keep all your money in your bank account, and examples of what you should be doing with it instead.
The record amount of money that is sitting in American bank accounts.
How the Federal Reserve plans to deal with inflation in the coming months.
Why the government doesn’t want you to know how high inflation really is.
How Bronson’s approach to underwriting has changed in the past year.
Two factors that are affecting cash flow.
The current sentiment amongst investors that Bronson deals with.
Bronson explains the mission of Kingdom REI.
Bronson’s big “why.”
A brief synopsis of the Parable of Talents.
Lessons that Bronson learned from some of his biggest failures.
The role that Bronson’s faith plays in his life.

Links Mentioned in Today’s Episode:

Bronson Equity

Bronson Equity on Instagram

Bronson Equity on Facebook

Bronson Hill on LinkedIn

Bronson Hill on YouTube

Bronson Hill on Instagram

FIBA Pasadena Multifamily on Instagram

FIBA Pasadena Multifamily on Facebook

Mailbox Money Show

How To Use Inflation To Your Advantage

Kingdom REI

VSVCon 2023

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #284: Professional Development and the Success of a Team with VSV Managing Partners Mar 06, 2023

Show notes

What a special episode we have for you today as we are joined by the Managing Partners of Vertical Street Ventures (VSV), Jenny Gou, Steven Louie, Kyle Mitchell, and Kiyoshi Simon! The quartet is here to explain how VSV became one of the most recognized investment firms and educational platforms in the multifamily space. Our guests attribute a huge part of their company’s success to the way they’ve prioritized professional development, especially because the focus of these programs has shifted over the years to align with their current circumstances, and we learn why they would not have reached their present heights if they had not implemented development programs from day one. We then hear about the accomplishments from the past year that Jenny, Steve, Kyle, and Kiyoshi are most proud of, including the VSV Academy and two Amazon bestsellers! Finally, the VSV team shares what has contributed the most to their company’s growth and success, why complementary skill sets among colleagues are important, why mentorship is vital, what they’re most excited about in the next six months, and some words of advice for anyone in real estate who is looking to build a prosperous team.

Key Points From This Episode:

Introducing VSV Managing Partners Jenny Gou, Steven Louie, Kyle Mitchell, and Kiyoshi Simon.
The role that professional development has played in VSV’s growth and success.
Comparing the focus of their development programs from when they first started to now.
The importance of investing in professional development programs from day one.
What they’re most proud of in their last year of accomplishments: The VSV Academy, relationships with investors, Vertical CPA, and The Overnight Millionaire and Lottery.
The emotions that come ahead of a big product launch.
What our guests say has contributed the most to their company’s growth in the last year.
The undeniable value of recognizing and utilizing complementary skill sets among colleagues.
Why mentorship matters.
Some advice for those in real estate who are looking to build their team.
What the VSV Managing Partners are most looking forward to in the next six months.

Links Mentioned in Today’s Episode:

Kyle Mitchell on LinkedIn

Steven Louie on LinkedIn

Kiyoshi Simon on LinkedIn

The Overnight Millionaire

Lottery

VSVCon

Vertical CPA

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #283: A Deep Dive into the Economy and Real Estate with The Mad Scientist, Neal Bawa Feb 27, 2023

Show notes

Our episode today is jam-packed with great conversation and thought-provoking content. We start off the show with a quick chat to broaden the conversation on the value of learning, with VSV managing partner, Jenny Gou. We then dive into our interview with Neal Bawa, aka The Mad Scientist. Neal is the CEO and Founder at UGro and Grocapitus, two commercial real estate investment companies. Neal’s company’s use cutting edge, real estate analytics technology to source, acquire, and build large commercial properties across the US. Neal is an incredible educator with tons of content on his website. As you tune in, you’ll get valuable insights into what’s happening in the economy and real estate markets, we talk about interest rates, SOFRs, and spreads, and the influence they have. Neal shares what they are focusing on in terms of product types and their predictions for cap rates, he also shares a harrowing death story from his real estate journey. For all this, and more, tune in now!

Key Points From This Episode:

How Neal got the nickname The Mad Scientist.
We dive into one of the big issues of today; Neal’s thoughts on the economy.
Neal’s thoughts on the timing of how interest rate increases impact the economy.
We talk about SOFRs and spreads and their impact.
What is required for spreads to drop; what lenders need to watch for.
Grocapitus’ perspective of making investments now; pencils up or down and why.
Their predictions for cap rates.
The product type they’re most focused on for the next 9 months.
His thoughts on the Facebook/ Google layoffs (etc.,) as an indicator of something ominous ahead.
A harrowing death story from Neal’s real estate journey; dealing with seemingly insurmountable challenges.
Where Neal would invest a million dollars, outside of physical real estate.

Links Mentioned in Today’s Episode:

Neal Bawa on LinkedIn

Neal Bawa on Instagram

Multifamily University

VSV Conference 2023

Passive Income Through Multifamily Real Estate Facebook Group

Jerome Maldonado on Twitter

Peter Pomeroy Email

Episode #282: Security in Large Numbers with Jerome Maldonado Feb 20, 2023

Show notes

Jerome Maldonado is a business owner and real estate investor. From humble beginnings, he was able to build what is now a multimillion-dollar name for himself. In this episode, Jerome discusses what the 2008 recession taught him (and how he survived it), the importance of scaling, why there is security in large numbers, what he believes people are looking for in affordable housing right now, and why it is time to get rid of your ‘get rich quick’ ideas. You will hear Jerome’s 2023 real estate predictions, the impact of an almost catastrophic car crash, how he is able to spot an opportunity and monetize it, and the different ways in which he can problem-solve in challenging business and economic situations. Investing in both commercial and private real estate and having experience in retail development and construction, this episode is full of motivation, encouraging advice, and inspiring insight you won’t want to miss!

Key Points From This Episode:

Some important milestones that led to Jerome's business success.
Jerome’s experiences during the 2008 recession.
Businesses and real estate Jerome has invested in.
Jerome’s business experiences owning and leasing franchise stores.
A look at the affordable housing model Jerome uses.
Why there is more to Jerome’s story than the audience knows.
When investors are able to take ownership of businesses.
How Jerome’s problem-solving and solution-based thinking have led to his success.
Jerome's parents: his inspiration for working hard and the lessons they taught him.
How an almost catastrophic car crash has been a point of reflection in Jerome’s life.
Jerome’s words of advice for new investors.
The power and importance of mindset and Jerome’s tips for strategic investing.
Jerome’s relationship, experiences, and advice for overcoming fear.
Attributes/traits that Jerome believes create success.
What Jerome believes makes a successful business partnership.

Links Mentioned in Today’s Episode:

Jerome Maldonado

Jerome Maldanado on LinkedIn

Jerome Maldonado on Instagram

Jerome Maldonado on YouTube

Vertical Street Ventures National Conference

Passive Income Through Multifamily Real Estate Facebook Group

Surfacing: From the Depths of Self-Doubt to Winning Big and Living Fearlessly

Peter Pomeroy Email

Episode #281: The Important Role of Failure on the Path to Success with Siri Lindley Feb 13, 2023

Show notes

No matter where you are in your journey in life, business, or the real estate game, utilizing the service of a high-performance coach will always provide a massive boost. We all face challenges and setbacks, and the more we can embody presence and occupy the driver's seat, the more we will be able to progress toward our dreams. Today's guest is the truly amazing Siri Lindley, author of the new book Surfacing: From the Depths of Self-Doubt to Winning Big and Living Fearlessly, and groundbreaking high-performance coach. In our conversation, we get to hear about Siri's unique journey, sports career, her particular struggles, and the important relationship she has built with Tony Robbins. We discuss the concepts of resilience, motivation, and the stories we tell ourselves, so if you are ready for a fresh shot of motivation, and a look at how coaching can change lives, press play now!

Key Points From This Episode:

Siri talks about her path to her current work as an author and high-performance coach.
Understanding failure, success, and progress.
An explanation of high-performance coaching and who it is designed for.
Escaping feelings of being stuck; Siri talks about the first steps and challenges of providing motivation.
The strategies that Siri utilizes when helping clients go to the next level.
The central role of resilience in Siri's work and personal journey.
Siri's vision of how our values and passions can change the world around us.
Words of encouragement from Siri about taking control of our lives and overcoming hurdles.
How and where you can learn more about Siri and her services!

Links Mentioned in Today’s Episode:

Siri Lindley

Siri Lindley on Instagram

Siri Lindley on Facebook

Siri Lindley on Twitter

Vertical Street Ventures National Conference 2023

Tony Robbins

Passive Income Through Multifamily Real Estate Facebook Group

Rob Beardsley on LinkedIn

Peter Pomeroy Email

Episode #280: Debt, Connections, and Positive Reinforcement with Rob Beardsley Feb 06, 2023

Show notes

Today the main focus in investment and in life, in general, seems to be on debt and finding a way to meet those maturity dates. Joining us today on Passive Income Through Multi-Family Real Estate is the founder of Lone Star Capital, Rob Beardsley. Rob has evaluated thousands of opportunities, is an incredible speaker, and has published two books on underwriting and debt. Tuning in, you’ll hear all about Rob’s background and what led him to starting his company, what Lone Star Capital does, where their focus is, and much more. We also discuss transaction activity and what caused its decline, the cash flow problems you may face in escrow, buying a deal with negative leverage, and different types of equity. Rob goes on to explain why the main thing on everyone’s mind is debt before explaining why it is the biggest source of risk in deals. We even delve into what kinds of partners he works with, how he manages their expectations, and how he handles tough situations. Finally, Rob shares some advice for aspiring capital partners about building connections. You don’t want to miss this one!

Key Points From This Episode:

An introduction to today’s guest, Rob Beardsley.
How Rob got into founding an investment company and why he chose multi-family.
Rob tells us about his company, Lone Star Capital.
Why he chooses to focus on Houston and Dallas.
Rob reminds us that the grass isn’t greener on the other side, even if it looks like it is.
The decline in transaction activity and what caused it.
Why he doesn’t think there will be a large distress opportunity in our current financial climate.
Why everybody’s focus is on debt.
The cash flow issues that come with escrow.
Why debt is the biggest source of risk in any deal and why longer-term debt is safer.
Rob shares his thoughts on buying a deal with negative leverage.
The different types of investors and equity.
How Rob manages his investors’ expectations so they are realistic.
The types of partners Lone Star Capital works with.
Rob shares some advice for aspiring capital partners.
He tells us about some stressful deals and how he handled them.

Links Mentioned in Today’s Episode:

Rob Beardsley

Rob Beardsley on Twitter

Rob Beardsley on Instagram

Lone Star Capital

The Definitive Guide to Underwriting Multifamily Acquisitions

Structuring and Raising Debt & Equity for Commercial Real Estate

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #279: Setting Goals to Find Financial Freedom with Alan and Elena Neely Jan 30, 2023

Show notes

Sometimes, settling for B-class assets, fostering fewer investment relationships, and focussing on landlord environments can make you very successful in real estate. Today’s guests are experts at doing just that! They have over 22 years of experience and have gone on to create an amazing company, Andover Holdings. In this episode, Alan and Elena Neely talk all things investing, goal-setting, business relationships, and so much more! They walk us through their very own business model, explain why they focus on class B assets, talk about why they choose new construction over remodeling, and tell us their plans for 2023. The couple even tells us what they believe a good investment consists of before delving into the power of a made-up mind. So if you want to be inspired to start earning good money through investment, tune in now!

Key Points From This Episode:

Introducing today’s guests, Alan and Elena Neely.
How and why they got into investing.
Our guests explain their company, Andover Holdings’ business model.
Why the Neely’s want to focus on landlord and business-friendly environments.
They share their thoughts on investing in different quality and asset classes and why they like class B.
Why they got into developing townhomes in Seattle.
The Neely’s take us through a hypothetical high-level development project.
Why they are so happy to bring on investors instead of dealing with the bank.
They explain why new construction is easier than remodeling an old house.
What, according to the Neely’s, makes for a successful investment.
The importance of having deep business relationships rather than many shallow ones.
Why they are optimistically cautious this year and what their plans are for 2023.
Alan explains the power of a made-up mind and how you can tap into it.
Elena shares how goal-setting has played a role in their marriage.

Links Mentioned in Today’s Episode:

Andover Holdings

Alan Neely

Elena Neely on LinkedIn

Brian Buffini Podcast

Alan and Elena Email Address

Passive Income Through Multifamily Real Estate Facebook Group