Passive Income Through Multifamily Real Estate

Latest Episodes:

Episode #258: Part One of Our Series on Property Management Companies With Lani B. Porter Sep 05, 2022

Show notes

Today’s episode is the first in a two-part series on property management companies. In part one we’ll be focusing on large properties that contain over 100 units. Joining us today to help unpack this expansive topic is Lani B. Porter, Executive Vice President and managing director at CALCAP Properties, a sizable property management company that runs its operations throughout the southwest. Not only does Lani have an impressive background in operations, she also has extensive experience on the executive level, having worked in senior management positions for companies like American Residential Properties and EmotiveVR. In our conversation, we discuss Lani’s role at CALCAP, how they run their operations, and what their clients typically look like. She offers an in-depth breakdown of how CALCAP helps its clients by prioritizing owner relationships and expands on how the needs of owners have shifted over the past year. Lani also shares why she loves breaking down a process to its interstitial components and reflects on what advice she would give to other women who aspire to excel in their field. Lani truly has a wealth of knowledge and we loved having her on the show. Tune in today for part one of our series on property management companies!

Key Points From This Episode:

Get to know today’s guest Lani B. Porter and her career journey.
How Lani helped define an entirely new asset class in real estate.
An overview of CALCAP Properties and how they run their operations.
Owning properties that have 100 units or more and what clients tend to look for.
Why CALCAP prioritizes its relationships with owners.
A breakdown of the locations that CALCAP operates in and why.
Learn about the types of owners that CALCAP typically works with.
The needs of owners and how they have shifted over the past year.
Why owners are choosing to focus on efficiencies and staying within their budget.
An in-depth summary of what you can expect if you partner with Lani and CALCAP.
Lani’s incredible operations background and how she would apply it to a different industry.
Lani’s advice to other women who want to excel in their field.

Links Mentioned in Today’s Episode:

CALCAP Properties

Lani B. Porter on LinkedIn

Lani B. Porter Email

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #257: Adding Value with Litan Yahav Aug 29, 2022

Show notes

Welcome back to Passive Income Through Multifamily Real Estate! Joining us in conversation today is Litan Yahav, who, along with his partner Tomer Salvi, successfully started and sold Segoma, a diamond display technology that disrupted the global industry. After finding success in passive real estate and private equity investment, the founders decided to build a startup for planning and controlling their wealth, and the wealth of others like them. Thus, Vyzer was born! Tuning in today, you’ll hear the story of how they started and sold the technology which became the international standard for diamond imagery. Litan also educates listeners on the difference between an operator, syndicator, and sponsor, and talks about the role of creating community through his business. Hear about his learnings from serving in the Navy, and the biggest challenge he and Tomer have faced while building their business. Tune in to hear all this and more today!

Key Points From This Episode:

Introducing today’s guest, Litan Yahav.
The story of how Litan and Tomer created the technology which became the global standard for diamond imagery.
What the exit process was like and how they decided where to go next.
Leveraging the network along the way to find preferred operators and business through word of mouth.
Distinguishing between operator, syndicator, and sponsor.
Their target: people like them.
The role of creating community in building the business from the ground up.
Why certain operators wouldn’t want their LPs to put their information on Vyzer.
Why bettering their product and finding what brings most value has been their biggest challenge to date.
How being outsiders to the diamond industry positioned him to make a meaningful contribution.
What serving in the Navy taught Litan and how he uses his learnings today.
His value of making a lot with a little.

Links Mentioned in Today’s Episode:

Litan Yahav on LinkedIn
Litan Yahav on Twitter

Litan Yahav on Facebook

Litan Yahav on Email
Vyzer

Segoma

Passive Income Through Multifamily Real Estate Facebook Group

Free Call with Kyle or Lalita

Episode #256: Doubling Down on Self-Storage with Tom Dunkel Aug 22, 2022

Show notes

Self-storage has always been one of the most dependable asset classes in real estate investment, and on today's show we are lucky enough to sit down with Tom Dunkel from Belrose Storage Group to hear all about the business he and his team have built in the space! Our guest does a great job of sharing the process that Belrose goes through when evaluating deals, the best facilities for their needs, and why their hold period is so much shorter than the norm. We also get to cover some of Tom's thoughts about credit lending, looking for off-market deals, and which capital expenditure areas are the best to prioritize to boost revenue. Tom underlines the value of having a strong and energetic team, and how much he has relied on those around him for the success he has experienced! Near the end of our chat, Tom gets very honest about the unusual challenges he faced in his entrepreneurial journey, and the limitations of his upbringing that threatened to hold him back from reaching the heights that he now has. So to catch it all in this fascinating exploration of an asset class that might just work for you and your investment goals, listen in!

Key Points From This Episode:

A look at the criteria that Belrose uses to evaluate potential acquisitions.
Thoughts on the strengths of self-storage; resiliency and the main drivers for its usage.
The types of facilities that Belrose focuses on, and what has informed these preferences.
Unpacking Belrose's hold period and their approach to pushing rates early on in response to the demand curve.
Tom's thoughts on debt and the types of credit lenders they liaise with.
The primary considerations for Tom with a new site: relative rents, the status of the market, diversification in the economy, and more!
How direct links to self-storage owners enable Belrose to find great off-market deals.
Hybrid strategies for different sized facilities.
The best CapEx factors to focus on to boost occupancy and rental prices.
Innovations in the self-storage space that Tom finds exciting.
How Tom and Belrose's underwriting process has evolved recently in reaction to increased inflation.
Capital raising in today's climate; Tom talks about how this plays out in the self-storage space.
Lessons and learnings from Tom's journey, and the obstacles he encountered on the way to being a successful entrepreneur.
Advice for overcoming the early challenges when entering the real estate business.
How to get hold of Tom and Belrose Storage Group online!

Links Mentioned in Today’s Episode:

Tom Dunkel on LinkedIn

Belrose Storage Group

CubeSmart

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #255: The Power of a Good Track Record with Deepa Reddy Akula Aug 15, 2022

Show notes

No matter your level of experience in the world of real estate investment, there are always avenues to explore that can take you and your business to the next level. Today on the show we have the wonderful and insightful Deepa Reddy Akula, and she shares a host of lessons she has learned on the way to becoming a general partner! She speaks about the time she spent in the role of limited partner and then transitioning beyond this, as well as the deep learning and research that she put in before even touching her first deal! Deepa's journey in the world of real estate is a great example of an organic and easeful approach to making money with friends and family and a network built around word of mouth, and in our conversation, we hear how the important milestones in this process played out. We also cover capital raising, underwriting, and the practices that keep her business healthy and ticking over. Join us to catch it all!

Key Points From This Episode:

Deepa's path into working as a limited partner and then as a general partner.
The preparation and process that Deepa went through before her first deal.
Recommendations for evaluating potential partners; starting with familiarity, communication, and a good track record!
Tips and ideas for building the right team for aspiring general partners.
Deepa's approach to underwriting, and understanding what conservative means in this context.
Explanations of interest rates, variable loans, and rate caps, and how these influence the underwriting process.
The importance of weekly calls in the maintenance of Deepa's professional relationships.
Deepa's capital raising philosophy and process, and charting its past and future evolution.
Common themes that come up in Deepa's investor relationships and communications.
Lessons that Deepa has learned juggling her different roles as a general partner, mother, and wife!
How to level up your financial literacy and why Deepa prioritizes this in her own life.
Resource recommendations for learning more about a healthy money mindset.

Links Mentioned in Today’s Episode:

Deepa Reddy Akula on LinkedIn

Vinside Capital

University of Missouri

American Society of Civil Engineers

Multifamily Millions

Pick Three

Rich Dad Poor Dad

The 4-Hour Workweek

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #254: How Doctors Invest with Dr. Calvin Lowe, MD Aug 08, 2022

Show notes

Most of us perceive doctors as individuals who are wealthy by default. But while they may earn comfortable salaries, that doesn’t automatically ensure financial freedom. They are subject to long hours and their income is tied to substantial taxation. This is one of the primary reasons why passive investing should form a key part of any doctor’s financial plan. Here today to help us further understand this topic is Dr. Calvin Lowe, MD. Dr. Lowe specializes in pediatric emergency medicine at Children's Hospital in Los Angeles and is the founder of PEACEquity, LLC, the family real estate firm that he manages along with his wife. In our conversation, Dr. Lowe breaks down how his career in medicine fine-tuned his rapid decision-making skills, why it’s essential that you employ a CPA who specializes in real estate and tax, and how investing in real estate has helped him prepare for retirement. Tuning in, you'll also hear Dr. Lowe share the story behind how he first discovered his talent for being an Elvis tribute artist and why he hopes never to use it as his fallback career! Join us for a wonderful conversation on the privileges and challenges of being a medical professional and why it partners so well with multifamily real estate investing!

Key Points From This Episode:

Get to know today’s guest, Dr. Calvin Lowe, MD.
Dr. Lowe shares what it’s like to be a pediatric doctor in an emergency room context.
Understanding the acronym HENRY (High Earners Not Rich Yet), and how this concept applies to doctors.
The high impact that taxes have on doctors.
Why doctors can benefit so much from a passive income.
The biggest challenges facing doctors professionally, personally, and health-wise.
How doctors typically approach investment decisions.
How Calvin started investing in multifamily real estate.
Learn the story behind the name PEACEquity, LLC, Calvin’s family business.
A brief summary of what it means to defer your taxes.
How your taxes are affected by real estate investments.
Why it’s crucial to have a CPA who specializes in real estate and tax.
An overview of Calvin’s retirement plan.
How Calvin discovered his surprising talent for being an Elvis tribute artist!

Links Mentioned in Today’s Episode:

Dr. Calvin Lowe on LinkedIn

Email Dr. Calvin Lowe

Vertical Street Ventures

Vertical Street Ventures: Academy

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #253: Navigating the Current Market Situation with Julie Anne Peterson Aug 01, 2022

Show notes

If you want the inside scoop on the current market situation, you’ve come to the right place. Today’s guest, Julie Anne Peterson is a senior director for Old Capital Lending and founder of Zoom@8, a platform connecting new and experienced investors and opening up real estate doors for people across the world! As you probably know, inflation rates and cap rates are high and rising, so in this episode, Julie offers valuable advice on how lenders and borrowers should be thinking about their investments currently, what changes to expect in the coming months, and the Old Capital Lending tool that could greatly benefit you. It’s far from the doom and gloom you may be expecting, so don't miss out!

Key Points From This Episode:

Introducing today’s guest, Julie Anne Peterson.
How lenders are responding to the current market situation.
What sellers need to come to terms with about the current market situation.
The four different types of lending products that Old Capital Lending focuses on.
Increase in the SOFR rate over the past two years.
How the increased rate cap affects borrowers.
What to expect from the SOFR and cap rates in the coming weeks.
Words of comfort for investors who are feeling panicky about the state of the markets.
What a good IRR is right now.
Julie explains what a debt yield is and how it has changed over the past 20 months.
The benefits of Old Capital Lending’s fixed bridge product.
Julie shares what motivated her to found ZOOM@8 and what the platform does.
The impact that women can have in the real estate industry.

Links Mentioned in Today’s Episode:

Julie Anne Peterson Phone Number — 630-453-7150

Julie Anne Peterson on LinkedIn

Julie Anne Peterson on Instagram

Julie Anne Peterson on YouTube

Zoom@8 Registration

Zoom@8 on Facebook

Old Capital Lending

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #252: Investing Wisely to Create Real Wealth with Rich Fettke Jul 25, 2022

Show notes

After a major health scare, Rich Fettke and his wife, Kathy, made a decision to enter the world of real estate investing. And they have never looked back! To date, their company, RealWealth, has helped over 60 000 people over $1.1 billion in assets. As the name of their company suggests, Rich and Kathy’s goal is to help people create real wealth, which means a whole lot more than just having a lot of money in the bank. During this episode, Rich explains the difference between being rich and being wealthy, what the four stages of financial freedom look like, and his strategy for dealing with fear. As well as running RealWealth, Rich is also an author, and today he shares with us how his most recent book, The Wise Investor, will add value to your life and inspire you to take action to turn your dreams into reality!

Key Points From This Episode:

The shock that led Rich and his wife, Kathy, into the real estate world.
Growth that Rich and Kathy’s business, RealWealth, has experienced over time.
An overview of Rich’s book, The Wise Investor, and why he chose to structure it the way he did.
The difference between a mentor, a coach, and a consultant, and the value of each one.
Rich shares how he decided on The Wise Investor as the title for his book.
Exploring assets and liabilities beyond their financial applications.
The four stages to get to financial freedom.
Unpacking the HENRY acronym.
Why incremental progress is more effective than a quick-fix approach.
The difference between being wealthy and being rich.
Rich’s powerful strategy for overcoming fear.
Why mindset is the key to success.
Rich and Kathy’s approach to staying grounded individually and as a couple.

Links Mentioned in Today’s Episode:

RealWealth

RealWealth on Twitter

RealWealth on Instagram

RealWealth on Facebook

Rich Fettke

Rich Fettke on LinkedIn

Rich Fettke on Instagram

Rich Fettke on Facebook

The Richest Man in Babylon

Tal Ben-Shahar

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #251: The Importance of Passive Income and the Power of Philanthropy with Dr. Joshua Espejo Jul 18, 2022

Show notes

Welcome back to the Passive Income through Multi Family Real Estate Podcast! Today we have Joshua Espejo with us, a practicing dentist passionate about helping other practitioners to leverage passive income so that they can live a life that is meaningful to them. After suffering from an extreme injury in his final year of dental school, he had a mindset shift, realizing that anything is possible - both good and bad. Since then, he has lived a life of intention with a deep desire to help others. Tune in to hear his perspective on the life of a dentist engaging in real estate investment, before Joshua shares some of the common beliefs held by practitioners within the field. You’ll also get a glimpse of what Joshua is learning through his triplex investment in Kansas City, and what it has been like to source and work with a property manager. Joshua shares an honest peak into lessons he has learned through his own experience, which he hopes to pay forward to others. You don’t want to miss this one!

Key Points From This Episode:

An introduction to today’s guest, Dr. Joshua Espejo, his history and portfolio.
Joshua describes a dentist with seven to 15 years of experience.
The compensation range for an investor who suits these requirements.
Common beliefs among dental practitioners which produce a workaholic culture.
Why, the more specialized a practitioner is, the more money they make.
The trade-off specialists must make in terms of competition and time.
Built in biases among self-employed dentists causing them to do everything themselves.
Financial concerns many dentists have in relation to retirement and investing.
The pent up need for passive income among dentists.
What Joshua is learning through his triplex in Kansas City.
His experience choosing and working with a property manager.
The learning curve he experienced when a tenant called to say he had no water.
Top learnings he has had from owning his properties in Las Vegas and Kansas City.
How an accident he had in dental school changed his perspective on the need for passive income.
Joshua's hope to turn dentistry into philanthropy!

Tweetables:

“People know that real estate is a good investment, but they don’t know the first thing about where or how to invest.” — Dr. Joshua Espejo [0:08:31]

“The relationships you build with people, whether it’s property manager, or contractors, even private lenders, private investors, put your best foot forward. Be professional, even if they are not professional with you. It says a lot about you and your company.” — Dr. Joshua Espejo [0:22:22]

“Things don’t happen to us, they happen for us, and I realized in that accident that anything can happen to anyone. Everyone needs a source of passive income.” — Dr. Joshua Espejo [0:22:30]

Links Mentioned in Today’s Episode:
The White Coat Investor
Joshua Espejo on LinkedIn
Passive Income Through Multifamily Real Estate Facebook Group
Peter Pomeroy on LinkedIn
Peter Pomeroy on Email
Northlight Growth Properties

Episode #250: How to Start a Real Estate Technology Company With Jake Marmulstein Jul 11, 2022

Show notes

Running a Real Estate Investment Trust (REIT) can be a tricky balancing act; especially during its earlier stages. Growth is undoubtedly a big priority for any business that’s starting out. But if your back-end operations are in disarray then that growth becomes increasingly difficult to achieve and maintain. Back in 2012, Jake Marmulstein was underwriting distressed hotel investments for Watermark Capital Partners, a private REIT based out of Chicago, when he realized that there had to be a better way to do syndication. After feeling overwhelmed with data, and without any technology or software available to support the process, Jake partnered with a technology entrepreneur to found Groundbreaker, a real estate technology company that simplifies the investment process. In our conversation Jake shares what it was like building a software product without prior experience in tech, the lessons he learned along the way, and why building your first start-up is a process of trial and error. We also unpack how the needs of the customer shaped their product, and what sets them apart from new competitors in the field. Tune in for valuable lessons on what you should prioritize when starting a business, and much more!

Key Points From This Episode:

Introducing today’s guest, Jake Marmulstein, founder of Groundbreaker.
An overview of Groundbreaker as a real estate technology company.
How Jake’s work underwriting distressed hotel investments inspired him to start Groundbreaker.
Why there is often a misalignment between growth initiatives and backend operations at young real estate firms.
How Groundbreaker simplifies the process of raising money for investors who are doing a syndication or fund.
How its customers informed Groundbreaker’s features and the way it was developed.
Jake’s fortuitous partnership with a technology entrepreneur and how they built Groundbreaker together.
Some of the lessons that Jake had to learn to work well with software engineers.
The biggest hurdles in the journey from launching a software to gaining momentum.
How Groundbreaker benefitted from a marketing and PR strategy.
How Groundbreaker is adjusting to new competition in the real estate technology space.
What sets Groundbreaker apart from their competitors: customer service and attention to detail.
Jake’s top advice on starting a business.

Tweetables:

“Even if you intend to build a certain feature, it's always a surprise what users end up needing.” — @Marmulstein [0:09:03]

“I had a very good product manager at the company who could help to translate a lot of information to me, and it helped me learn what I needed to know and fill in my gaps.” — @Marmulstein [0:12:41]

“Doing a startup is all about a process of small pivots and tweaks along the way until you get to a point where it really fits and clicks.” — @Marmulstein [0:16:20]

Links Mentioned in Today’s Episode:

Jake Marmulstein on LinkedIn

Jake’s email

Groundbreaker

Vertical Street Ventures

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy on LinkedIn

Peter Pomeroy Email

Episode #249: Activate Your Financial and Personal Potential with Julie Holly Jul 04, 2022

Show notes

You might think you need an inheritance or a higher-paying job to reach your financial goals. As a former teacher, that was true for today’s guest. Now, Julie Holly helps people like you invest in apartments so you can meet your financial goals without having to work harder! Julie is a real estate syndicator, high-performance coach, the founder of Three Keys Investments, and the host of The Conscious Investor Podcast, where she reveals insider secrets and real stories about how to build wealth that lasts generations. In today’s episode, Julie shares some of those secrets with you, from the simple power of visualization for overcoming fear to how you can read any book in five weeks or less, leverage your community to support your business, and more. To learn more about activating both your financial and personal potential to their fullest, make sure not to miss today’s discussion with Julie Holly!

Key Points From This Episode:

What it means when Julie says she activates people’s financial and personal potential.
How her faith led her to this work, which she says is her purpose.
The biggest obstacles people face, both financially and personally: fear, doubt, and insecurity.
Steps for loosening the bonds of a fear of success, starting with vision and clarity.
Why Julie believes you need both a high-performance coach and a real estate mentor.
Insight into Julie’s book club and some of her recommended reading.
The value of being part of a community and engaging with content that is growth-minded.
Learn the secret to reading any book in five weeks or less, according to Julie!
Julie’s perspective on why your goals are less important than your vision.
How her roles as coach and book club leader support her real estate syndication business.
Encouragement for women who want to get their start in real estate investing.

Links Mentioned in Today’s Episode:

Julie Holly

Three Keys Investments

The Conscious Investor Podcast

Julie Holly on LinkedIn

Julie Holly on Instagram

High Performance Habits

Zero to One

Profit First

Building a StoryBrand

To Sell is Human

Soundtracks