Passive Income Through Multifamily Real Estate

Latest Episodes:

Episode #268: Interim Financing with Ethan Gao Nov 14, 2022

Show notes

Our goal is to help you get educated on how to create passive income for you and your family, using real estate as your vehicle. Joining us in conversation today is Ethan Gao, a real estate investor and key principal, where he guarantees loans and provides interim capital. During our conversation, he tells the story of leaving his career in the legal profession and realizing that he could make money by simply signing on loans. Hear why he became a life insurance agent and why he places so much value on having a good team. We explore what Ethan has learned along the way, why there is a growing need for creative financing, and what he requires from people before supporting their financial process. Ethan also partners with his financial adviser, Luke, and together they own portfolio companies. Join us to hear some powerful insights from Ethan’s experience that you can learn from today!

Key Points From This Episode:

Background on today’s guest, real estate investor and key principal, Ethan Gao.
The story of how he graduated at 19 before getting a graduate degree and working as a legal practitioner.
What prompted his movement into interim financing.
Ethan’s impetus for stepping out of his career track to pursue real estate.
How guru groups and masterminds inspired him to get involved with investment.
The realization that signing on loans could make money, and how it came about.
Why he became a life insurance agent.
Ethan’s perspective on the importance of a good team.
The art of finding the right people to work with.
Why personality fit is so important.
How Zoom has made it possible to ‘meet’ someone without meeting them in person.
His belief that it’s relatively simple for people to boil down who they are.
The ‘just be yourself’ principle and how it benefits everyone involved.
Why Ethan ignored red and yellow flags at the start of his career.
Ethan’s thoughts on the multiple aspects of today’s KP landscape.
The need for creative financing and how Ethan has provided short term capital.
Ethan’s investment thesis and what he requires from his clients.
Why he requires a strategy and evidence from everyone he works with.
The story of how Ethan began to partner with his financial advisor, Luke.
How they came to own portfolio companies together.
Why Ethan advises people to create relationships with KPs immediately.
How Ethan’s ‘why’ differs from other people’s.

Links Mentioned in Today’s Episode:

Ethan Gao on Email

Ethan Gao on LinkedIn
Good Bull Investments

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #267: The Key to Investing in Tertiary Markets with Solomon Floyd Nov 07, 2022

Show notes

Today on Passive Income Through Multifamily Real Estate, we are joined by CEO and Founder of Reunion Investments LLC, Solomon Floyd. Solomon is a real estate investor and developer who focuses on real estate investing in tertiary markets. His experience in real estate and business guides him to develop communities that are often ignored due to their size and lack of infrastructure. This approach has led investors to extremely profitable returns, and a better understanding of fostering the right economic conditions for market growth. As you’ll discover in today’s episode, Solomon’s previous military experience informs his approach to improving the lives of current service members and their families, while enabling investors to build passive wealth, leverage portfolios of holdings, and service America’s communities. Tuning in, you’ll gain some insight into Solomon’s vertically integrated business model, how he evaluates tertiary markets, and where he typically sees developers failing in these markets, as well as some of the unique challenges that come with the territory. We also touch on the importance of self-development and cultivating a team mindset, plus so much more! If you’re looking to invest in tertiary markets, but you’re not sure where to start, this is the episode for you.

Key Points From This Episode:

A look at Solomon’s background and his focus on tertiary and military markets.
An overview of his companies, Reunion Investments LLC and Archway Developers.
Insight into Solomon’s vertically integrated business model.
The level of inquiry that goes into evaluating tertiary markets.
Where Solomon sees developers failing in these markets.
Some of the challenges that are unique to the tertiary market.
The significance of population size, economic drivers, and more.
What a typical investment lifecycle looks like for Solomon.
Benefits of investing with a complementary investment firm like Reunion.
Solomon’s take on how the pending recession will impact his businesses.
Emphasizing the importance of self-development and mental leadership.

Links Mentioned in Today’s Episode:

Schedule a Call with Solomon

Solomon Floyd on LinkedIn

Solomon Floyd on Instagram

Reunion Investments LLC

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #266: How to Raise Capital, Generate Leads, and More by Appearing on Podcasts with Trevor Oldham Oct 31, 2022

Show notes

Having trouble finding quality leads for your real estate business? Want to learn how other investors connect with accredited investors from around the globe? Trevor Oldham can help! Trevor is the Founder and CEO of Podcasting You, the leading podcast booking agency for real estate investors. He launched Podcasting You in 2017 after he saw a need to help exceptional real estate investors like you share their stories on top-rated podcasts. To date, Podcasting You has worked with investors from all real estate product types to help them raise capital, generate more exposure, and increase their networking opportunities. Listening in, you’ll not only learn how guests can optimize their interviews and provide value for listeners, but how being a guest will improve your overall business, plus a whole lot more! For a true value-add conversation that is full of actionable advice, make sure to tune in today.

Key Points From This Episode:

The high-level origin story of Podcasting You.
Insight into Trevor’s business model and what it looks like to work with him.
How Podcasting You guides clients to refine their stories.
Ways you can optimize your interviews as a podcast guest.
Why Trevor believes that the best guests “open the door to value.”
Tips for becoming a better guest.
What not to do if you’re invited to be a guest on a podcast.
How to prepare for an interview (without sounding overly scripted.)
Understanding how being a guest can impact your business.
Advice for quantifying the benefits of being a guest.
What to consider when deciding whether to start your own podcast or be a guest.
The role that personal networking has played in building Trevor’s business.
How Podcasting You has been impacted by the current economic climate.

Links Mentioned in Today’s Episode:

Trevor Oldham on LinkedIn

Podcasting You

Book a Free 15-Minute Discovery Call with Podcasting You

Listen Notes

Smart Passive Income

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #265: The 203k Way with Matt Porcaro Oct 24, 2022

Show notes

Breaking into the world of real estate requires initial capital to begin your investment journey, creating a barrier for many people. But what if there was a way to get around the capital you need to get started? In today’s episode, we speak to Matt Porcaro, creator of The 203k Way, a community dedicated to helping you leverage the 203k loan in order to take your first step to becoming a real estate investor. Matt spent years trying to enter the real estate market, and through trial and error, he heard about a government-backed renovation loan that catapulted him into real estate investment success: the 203k loan! In our conversation, Matt unpacks the intricacies of the loan and how it can be leveraged by first-time buyers or investors. We learn how Matt found out about the loan scheme, the various requirements to qualify for the loan, and the various ways it can be leveraged. We also find out how to avoid defaulting on the loan, why a Limited Liability Company is not a good option for first-time buyers, and the power of networking, plus much more. Tune in to hear about The 203k Way and begin your real estate investment journey today!

Key Points From This Episode:

A brief background on Matt and how he became aware of the 203k loan.
The value of networking to become successful in real estate.
Matt explains who the 203k loan was designed for.
An outline about the 203k loan and what it aims to achieve.
Matt’s first buy leveraging the 203k loan.
Whether there are any restrictions on the 203k loan.
Find out if the 203k loan can be used to finance residential development.
The different ways the loan can be applied.
How long the owner has to occupy a property to qualify for the 203k loan.
What not to do in order to avoid defaulting on the loan.
Why forming a limited liability company (LLC) is not recommended.
Matt shares details from his real estate investment strategy.
What attributes or traits make for an ideal investor or first-time buyer.
How being a 203k investor has impacted Matt’s life outside of real estate.

Links Mentioned in Today’s Episode:

Matthew Porcaro on Instagram

Matthew Porcaro on YouTube

Matthew Porcaro on Twitter

Matthew Porcaro on Facebook

The 203k Way

Real Estate Investment Association

Rich Dad Poor Dad

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #264: Career Crossover, Diversity, and Networking with K. Trevor Thompson Oct 17, 2022

Show notes

Shifting over to multifamily real estate may not be as huge a leap from your current profession as it may seem. Our guest today has an extraordinary career background, and in this episode, he shares how the basic operational skills he gleaned in his previous endeavors cross over seamlessly into the multifamily space. K. Trevor Thompson has over 47 years of entrepreneurial experience and, in the realm of real estate, has invested in over 20 properties as a limited partner and carried out two syndications as a general partner. In a personal capacity, his investments in apartments exceed 1,250 units! Today, we get some insight into how he became so incredibly diversified in terms of property types, as well as how he approaches networking and selecting who to partner up with and strike deals with. K. Trevor Thompson is committed to learning while earning; tune in to hear how best to educate yourself and make lasting connections!

Key Points From This Episode:

K. Trevor Thompson’s extraordinary career background and what led him to real estate.
How his prior work experience aided his real estate endeavors.
The basic operational skills required in the multifamily space.
K. Trevor Thompson shares the biggest “aha” moment of his real estate career.
How best to educate yourself on becoming a limited partner.
The challenge of balancing analysis-paralysis and taking action.
K. Trevor’s commitment to learning while earning.
His underwriting process.
Red flags for dodgy deals.
Loss to leases explained.
Why K. Trevor picks markets before sponsors.
What led him to invest in such a vast array of property types.
How the stars aligned for his entry into storage investment.
K. Trevor’s approach to networking.
Networking tips for the non-networker.
What K. looks for in sponsors.
His continuous learning methods.

Links Mentioned in Today’s Episode:

K. Trevor Thompson on LinkedIn

K. Trevor Thompson on YouTube

Niagara-Investments

K. Trevor Thompson Email

Passive Investing in Commercial Real Estate by James Kandasamy

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #263: Wholesaling and Financial Freedom in a Fragile Career with Satch Bernhardt Oct 10, 2022

Show notes

Wholesaling is anything but a widely understood aspect of the real estate business. Joining us today to break it down is multifamily investor and former airline pilot, Satch Bernhardt. Satch’s airline shut down during the pandemic, but fortunately, his livelihood was secure as his real estate company, Bernhardt Capital, was already in full swing. In this episode, we learn about the fragility of the airline pilot career and Satch’s mission to provide his peers with financial freedom. Satch fills us in on the viability of wholesaling in a cooling market and what he includes in his contracts to evade risk. Tune in to hear Satch’s insights and real estate-related philosophies, as well as advice for first-time capital raisers seeking an operator, and vice-versa!

Key Points From This Episode:

Introducing multifamily investor and former pilot, Satch Bernhardt.
Satch’s path to becoming a pilot.
What led him to start his real estate company, Bernhardt Capital.
The impact of COVID on pilots and Satch’s aim to provide his peers with financial freedom.
What wholesaling is and how it works.
The benefits of working an inspection period clause into your contracts.
Bernhardt Capital’s criteria for single-family wholesaling properties.
The viability of wholesaling in a cooling market.
Insight into what Bernhardt Capital offers and where they operate.
Why Satch chose to target the Sun Belt and why he’s strictly focused on apartments.
The recession-resistant quality of self-storage.
What Satch looks for when it comes to underwriting.
The fragility of airline pilot careers.
The polarized approach airline pilots generally take to investing.
Satch’s advice for first-time capital raisers looking to attract a strong operating partner.
How new operators can attract a strong capital raiser.

Links Mentioned in Today’s Episode:

Satch Bernhardt on LinkedIn

Satch Bernhardt on Twitter

Satch Bernhardt on Instagram

Satch Bernhardt on YouTube

Bernhardt Capital

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #262: Making Your Investments Recession Proof with Mark Khuri Oct 03, 2022

Show notes

When the COVID-19 pandemic first resulted in highly restrictive lockdowns around the world, the global economy could not be shielded from its effects. Similarly, the current economic climate has been made especially volatile by significant world events such as the war in Ukraine, rising inflation, and a looming recession. All of this has also had an undeniable impact on the real estate market. Today on the show we welcome Mark Khuri, Vice President and Co-Founder of SMK Capital Management to discuss the pivots his company has made to ensure that their investments can withstand the dramatic ups and downs of the market as well as a potential recession. Tuning in you’ll learn how Mark first started his career in real estate over 17 years ago, and why he loves being involved in all facets of investing, including acquisitions, raising capital, renovating and managing properties. Mark also expands on his passion for social housing, why it’s an excellent investment, and what SMK Capital Management looks for in their deals. To learn everything you need to know about finding investors and making your business recession-proof, make sure you tune in today!

Key Points From This Episode:

Get to know prolific real estate investor Mark Khuri.
Learn how Mark first got into real estate investment as a side hustle.
Mark’s company SMK Capital Management and their operating model.
How Mark initially built relationships and acquired investors.
Mark’s advice for aspiring capital partners.
A reminder that it takes time to find investors and build trust.
The importance of partnering with people who you trust, respect, and get along with.
How SMK helps investors create real estate diversity and risk mitigation.
The steps that SMK has taken to prepare for a possible recession.
Examples of how SMK has pivoted over the past six years.
How a rise in interest rates has affected the valuations of multi-family properties.
The type of affordable housing that SMK chooses to target.
How Mark identifies whether an investor is a good fit and ready to commit.
The biggest challenges that SMK has faced and the opportunities that they see lying ahead.

Links Mentioned in Today’s Episode:

SMK Capital Management

SMK Investor Questionnaire

Meetup

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #261: Prioritizing Your Own Portfolio with David Robinson Sep 26, 2022

Show notes

Being a successful real estate broker should not stop you from managing and caring for your portfolio of investments, especially as you grow in stature in the field. Today's guest, Canovo Capital's CEO and Founder, David Robinson, took some time to realize that he needed to make space to invest for himself too, and in this episode, we hear from him about exactly what that has meant. Canovo is a boutique real estate investment firm situated in Salt Lake City, and our guest is also the host of The Lead Sponsor podcast, where he helps to educate his audience on making better deals and partnerships. In this insightful conversation, we get to hear from David about understanding the values of your potential partners, managing the criteria you use for evaluating opportunities, and nurturing your relationships with investors through the different seasons of the market. So if you want to take your brokering, deal hunting, and personal investment to the next level, press play!

Key Points From This Episode:

David's professional background and path to his particular focus in real estate.
The markets that David focuses on for his own portfolio; avoiding conflicts of interest.
Experiences with client education and the organic process that David and Canovo have gone through.
The types of properties that David and his team focus on and the emphasis he places on diversification.
Finding the best operators to work with and the lessons that David has learned about vetting.
David unpacks his process of raising capital and what he calls 'the 48-hour raise'
Managing long-term investors through slower and quieter periods.
The trend towards more conservative investment in the last year and how brokers can continue to serve during this time.
Opportunities and obstacles in the near future; David talks about the links between chaos and new deals.
How David's father's near-death experience has kept him very motivated and dedicated to providing for his family.
Managing stress through exercise; David's commitment to his CrossFit practice.
Connecting with David online and a great free resource offered by our guest!

Links Mentioned in Today’s Episode:

David Robinson on LinkedIn

Canovo Capital

The Lead Sponsor Podcast

Return on Equity Report

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #260: Casmon Capital Group, Investor Avatars, and Marketing with John Casmon Sep 19, 2022

Show notes

Welcome to another episode of Passive Income Through Multifamily Real Estate! Today we are joined by the incredible founder of the Casmon Capital Group, John Casmon to discuss all things investment! John has had an extensive career; from marketing for massive corporate companies to sharing knowledge with people wanting to invest in real estate. Tuning in, you’ll hear all about John’s career, his company Casmon Capital and what they are currently focused on, and the company’s two-pronged approach. We delve into the importance of controlling the exit, finding a good balance between cash flow and appreciation, and why a brand is defined by other people. John gives the best possible explanation of an investor avatar and shares amazing advice on how to create one specific to your needs and why having one is essential. Finally, John tells us where he sees Casmon Capital Group in five years before sharing invaluable advice with listeners. You don’t want to miss this conversation!

Key Points From This Episode:

Introducing today’s guest, John Casmon.
What led John to Casmon Capital from doing marketing with big corporate clients.
The markets Casmon Capital is currently focused on and what their two-pronged approach is.
Why investors want to find properties that are more cash flow heavy.
The importance of ‘controlling the exit.’
John explains the avatar investor and how to create one specific to your needs.
Why a brand is defined by what other people think about you.
The importance of having an investor avatar.
John suggests how to keep investors ready for when there is something for them to invest in.
Where John sees Casmon Capital in five years.
John shares advice for listeners wanting to invest and take their investments to the next level.

Links Mentioned in Today’s Episode:

John Casmon on LinkedIn

John Casmon on Twitter

John Casmon on Instagram

John Casmon on Facebook

Casmon Capital Group

Multifamily Insights on Apple Podcasts
Tips and tricks from Casmon Capital Group

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #259: Part Two of Our Series on Property Management Companies With Anthony DeAugustine Sep 12, 2022

Show notes

Today’s episode is the second half of a two-part series on property management companies. In part two we’ll be focusing on smaller properties, namely ones that contain under 100 units. Here to help us unpack this fascinating topic is Anthony DeAugustine, the owner of Avant Garde, where he serves as president along with doing the hands-on work of being a designated broker. Tuning in you’ll hear Anthony give an overview of Avant Garde’s offers, how they help their clients invest, and learn how the needs of owners have shifted in response to macroeconomic trends. Anthony explains some of the trends he’s seen over the past few years, including how his clients have diversified their focus to include syndication. We also discuss how Avant Garde helps its clients break into the Phoenix market, how you should approach renovations to optimally drive traffic, and why you need to maintain and improve your customer service as you upgrade your property. For a deep dive into property management companies that focus on smaller properties, along with tons of useful advice, make sure you tune in today!

Key Points From This Episode:

Get to know today’s guest Anthony DeAugustine and his career journey.
An overview of Avant Garde and the market that they operate in.
Owning properties with fewer than 100 units and what clients are usually looking for.
The types of owners that Avant Garde typically works with.
How the needs of owners have shifted over the past few years.
A summary of the range of properties that Anthony manages.
The number of employment hours that owners can expect to invest in when they own 50-unit properties.
How to structure your renovations to drive traffic and investment.
Why syndicators need to bear customer service in mind when they are renovating their properties.
How owners are reacting to the current economic climate.
What services you can expect from Avant Garde.
Why Avant Garde does their best to partner with investors early.
Some of the most common issues that Anthony has seen due to supply chain disruptions.
Why owning more than 20 units can help you persevere through broader economic instability.

Links Mentioned in Today’s Episode:

Avant Garde

Phone Avant Garde at 602-230-1510

Anthony DeAugustine on LinkedIn

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email