PassivePockets: The Passive Real Estate Investing Show

Latest Episodes:

164: From Crisis to Creativity: Real Estate Strategies for the Modern Investor with Neal Bawa Apr 14, 2024

Show notes

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep into the multifaceted world of real estate investment in a post-COVID era. Our guest, Neil Bawa, the mad scientist of multifamily, shares his invaluable insights on the impact of COVID-19 on multifamily investments, the dramatic shift in office space utilization, and the seismic changes in homeownership trends. Discover how data science fuels Neil’s investment strategies and how you can navigate these turbulent waters to secure your financial future. Whether you’re a seasoned investor or just starting out, this episode is packed with actionable advice and forward-thinking strategies. Tune in to redefine your approach to real estate investing.

About Neal Bawa

Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert.
Neal treats his $700M multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that: We can only manage what we can measure. His second mantra is that: Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 1000+ investors.

Here are some power takeaways from today’s conversation:

02:24 his real estate journey

9:01 2022 vs 2024 market

17:15 Is there more creativity in the market now since COVID?

25:51 The solution

36:21 When should we invest?

42:25 Is it a good time to be an LP investor?

51:17 Contact Neal

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.

Resources Mentioned:

LinkedIn
https://www.linkedin.com/in/neal-bawa/

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

163: Multifamily Mastery: Brian Burke on Surviving Market Cycles Apr 07, 2024

Show notes

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep with Brian Burke, president and CEO of Praxis Capital. With over $800 million in real estate acquisitions, Brian shares his seasoned perspective on navigating the unpredictable real estate market, preserving capital, and strategizing investments for long-term success. Whether you're a new investor or a seasoned veteran, Brian's insights on current market trends and his prudent approach to investment offer invaluable lessons in cautious yet successful real estate investing. Don't miss out on these expert insights – tune in now!

About Brian Burke

Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm, which he founded in 2001.
Brian has acquired over 800 million dollars’ worth of real estate over a 30-year career including over 4,000 multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Brian has subdivided land, built homes, and constructed self-storage, but really prefers to reposition existing multifamily properties.
Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and is a frequent public speaker at real estate conferences and events nationwide.

Here are some power takeaways from today’s conversation:

3:00 Has he lost any investor's money

4:00 When is it the time to buy?

6:30 Will rate caps go down?

8:43 Will escrow help with rate caps?

11:03 Investor expectations

18:11 debt funds

23:12 Forecast for 2024
29:31 Floating rate debt

37:12 Syndicators in technical default of their loan covenant

39:46 Should LP invest in multifamily right now?

41:22 Pref equity and rescue funds on underperforming deals

45:07 How many investors should an LP invest with to diversify your portfolio

48:40 Bridge mortgage fund

51:51 Podcast recommendation

52:45 Contact Brian

Resources Mentioned:

Website: www.PraxCap.com
LinkedIn: www.linkedin.com/company/praxcap
LinkedIn: www.linkedin.com/in/praxiscapital
Facebook: https://www.facebook.com/praxcap/
Twitter: https://twitter.com/praxcap
Instagram: https://www.instagram.com/praxcap/
Instagram: https://www.instagram.com/investorbrianburke
Book: www.BiggerPockets.com/SyndicationBook

Podcast Recommendations:

Bigger Pockets: https://www.biggerpockets.com/

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

162: The Evolution of Real Estate Investing: A Conversation with James Eng Mar 31, 2024

Show notes

Join us on this exciting episode of the Passive Investing from Leftfield podcast as we dive deep into the world of multifamily investing with James Eng, the professor of Multifamily Financing. Discover the latest trends, strategies, and insights into the future of real estate investment. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information to help you navigate the ever-evolving real estate market. Don't miss out on expert advice and strategies for building wealth through smart investing. Tune in now!

About James Eng

James Eng has over 18 years of experience in commercial real estate lending, starting his career as an underwriter at GE Capital Real Estate prior to joining Old Capital in 2015 where he is currently the National Director.
He has worked with hundreds of investors to help them acquire over $1.5BN in multifamily properties totaling over 20,000 units nationwide. In addition to financing multifamily, he has invested in over 10,000 units as a limited partner in nearly 40 properties in Texas.
James combines his finance, risk, and investor background to find the best loan for clients and to be an indispensable advisor throughout the life cycle of a deal. Often called “The Professor” of Multifamily Financing, he has produced hundreds of hours of educational multifamily content on YouTube.
He received his finance degree from the University of Texas at Austin and resides in Dallas-Fort Worth with his wife and three boys.

Here are some power takeaways from today’s conversation:

2:11 His real estate journey

6:27 Investing in one market

8:07 Multifamily financing today

15:00 Should you refi in 2024?

17:31 How interest rates will affect the rate caps

21:05 Deal advice for LPs

27:38 Tax implications of early sale on LPs' depreciation
29:01 Q&A: preferred equity?

33:36 Q&A: distressed sellers in 2024

35:16 Will lenders be in trouble in 2024?

40:25 Outlook for LPs with recent floating rate debt investments

43:08 Will new apartments accelerate distressed deals in 2024?

44:52 Strategies to protect yourself against decreased cashflow in a market when you depend on it for income

48:20 Q&A: what he would have done differently in insight with distressed deals

52:22 Podcast recommendation

53:49 Contact James

54:35 Thanks for watching

Resources Mentioned:

LinkedIn
https://www.linkedin.com/in/jameseng
YouTube
https://www.youtube.com/channel/UC4NRATcTMmkodJ_CEP9MRWQ

Podcast Recommendations:

The Woj Pod: https://podcasts.apple.com/us/podcast/nuggets-coach-michael-malone/id1470466331?i=1000600562916
The Rebel Capitalist Show: https://podcasts.apple.com/mt/podcast/the-rebel-capitalist-show/id1492584441
Ken McElroy Real Estate Strategies: https://podcasts.apple.com/us/podcast/ken-mcelroy-real-estate-strategies/id1465180254

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/

Circuit City
invest.circuitcity.com

161: Insights into Real Estate Market Trends and Forecasts with John Chang from Marcus & Millichap Mar 24, 2024

Show notes

Join us in this enlightening episode of Passive Investing from Left Field, where host Jim Pfeifer welcomes real estate maestro John Chang. Dive into the depths of real estate investment strategies, market forecasts, and the future of various asset classes as we prepare for 2024. Whether you're a seasoned investor or just starting out, John's insights will help you navigate the ever-evolving real estate landscape. Don't miss out on this masterclass in making informed investment decisions.

About John Chang

Senior Vice President, National Director Research Services
Marcus & Millichap Real Estate Investment Services
John Chang serves as the National Director of Research Services for Marcus & Millichap. He is responsible for the production of the firm’s vast array of commercial real estate research publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm’s research is regularly quoted throughout the industry and in mainstream business media.
John oversees a team of dedicated real estate research professionals who produce the firm’s more than 1,000 annual market research publications and conference presentations. These detailed reports, analyses and presentations integrate economic and financial market trends with insights on all major commercial property types including: Hotels, Industrial, Manufactured Housing, Multifamily, Office, Medical Office, Retail Multi-Tenant, Retail Single-Tenant, Self-Storage and Seniors Housing.
John is a seasoned industry analyst who has been quoted in numerous publications and is an active member of the NMHC Research Foundation Advisory Committee, the ICSC North American Research Task Force and the NAIOP Research Foundation. He regularly presents at a wide range of conferences and events hosted by industry-leading organizations such as the NMHC, NAIOP, ULI, CCIM, ICSC, SSA and numerous others.
John joined Marcus & Millichap in April 1997 as a Research Manager in the Seattle office. After holding executive marketing and e-business positions with premier residential real estate firms in the Pacific Northwest, he rejoined Marcus & Millichap in November 2007 as the head of its Research Services division. John was elected as Vice President in 2010, advanced to First Vice President in 2013 and promoted to Senior Vice President in 2018.

Here are some power takeaways from today’s conversation:

01:59 His real estate journey

03:25 2024 Outlook for the real estate market

05:08 How LP investors can invest wisely in 2024

07:18 How to find good operators

11:41 Which asset classes will shine in the next few years

18:14 Loan delinquency rates

24:04 Rate caps effect on loans
29:06 Construction costs affect the markets

34:44 Interest rates getting back to normal

39:40 What to protect ourselves from in 2024

42:41 The Best Ever Conference

44:39 Podcast recommendation

45:26 Contact John

46:14 Thanks for watching!

Resources Mentioned:

LinkedIn
www.linkedin.com/in/johnchang

Podcast Recommendations:

Pickleball studio: https://pickleballstudio.com/

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

Circuit City
invest.circuitcity.com

160: Syndication Secrets: Empowering Investors with Russell Gray from The Real Estate Guys Mar 17, 2024

Show notes

Join us on this enlightening journey with Russell Gray, co-host of the Real Estate Guys Radio Show and a seasoned financial educator, as we dive deep into the mechanics of wealth building through real estate. Russell shares his personal journey from commercial sales to becoming a titan in the real estate and financial education world. Learn how to empower your financial freedom, understand the importance of income over equity, and the vital role of financial education in today's ever-changing economic landscape. Don't miss out on these valuable insights to elevate your investing strategy. Subscribe and tune in now!

About Russell Gray

Co-Host of The Real Estate Guys Radio Show; co-Founder of the Syndication Mentoring Club; founder of the Main Street Investor Mentoring Club; partner with Ken McElroy, George Gammon, Jason Hartman, and Robert Helms in the Collective Inner Circle Master Mind; co-author Equity Happens; regular contributor to Mike Maloney's Gold Silver Show; financial and business strategist; champion of American liberty.

Here are some power takeaways from today’s conversation:

01:38 His real estate journey

14:38 The great reset

39:06 Should you focus on income rather than appreciation?

47:02 Advice to LPs to analyze deals and buy the correct one instead of the hyped deal

53:51 Podcast recommendation

56:00 Contact Russell

56:33 Thank you

Resources Mentioned:

LinkedIn
https://www.linkedin.com/in/russellwgray/

Podcast Recommendations:

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/

Circuit City
invest.circuitcity.com

159: Mastering Creative Real Estate with Chris Prefontaine Mar 10, 2024

Show notes

Tune in to 'Passive Investing From Left Field,' where host Jim Pfeifer and real estate maestro Chris Prefontaine unlock the secrets to creative property investment. Episode 159 delves into buying properties with existing mortgages, profitable lease purchase strategies, and the power of the 'three paydays' system. Whether bracing for market shifts or seeking stable, long-term investments, this episode offers valuable insights for every investor level. Discover Chris's unique approach to building wealth without banks or personal funds. Get ready for an episode packed with strategies for a robust investment portfolio. Don't miss it — listen now and enhance your real estate savvy!

About Chris Prefontaine

Chris Prefontaine is a real estate veteran with an emphasis on creative acquisition strategies. With over three decades in the industry, he pivoted from traditional investments to innovative methods following the 2008 crash. He avoids banks and personal funding, preferring terms like lease options, owner financing, and subject-to deals. Prefontaine leads Smart Real Estate Coach, mentoring students in real estate investments and championing the 'three paydays' system, signifying cash now, cash flow, and cash later. Focused on low-maintenance asset classes like self storage, Chris plans for passive income streams while imparting his community with the knowledge gained over a successful investing career.

Here are some power takeaways from today’s conversation:

01:38 His real estate journey

04:11 Mistakes and lessons learned

05:48 He doesn’t use a bank?

07:44 Principle-only owner financing

09:06 When should we invest?

13:47 Asset classes that will make you money

15:35 Self-storage investing

16:25 How he invests in self-storage

17:53 What other asset classes interest him?

18:30 The 3 paydays

20:56 Market Outlook for 2024

22:37 Renting vs Owning and how it affects the single family home business

23:53 Creative Real Estate coaching business

25:25 How to vet someone

27:29 Podcast recommendations

27:59 Contact Chris

Resources Mentioned:

LinkedIn: LinkedIn: https://www.linkedin.com/in/evanpolaski/

Podcast Recommendations:

Conan Obrien needs a Friend
https://podcasts.apple.com/us/podcast/conan-obrien-needs-a-friend/id1438054347list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz

Man Talks
https://www.youtube.com/@UC2exoyYcKLknC5IWiwdAihQ

Advertising Partners:

Left Field Investors:
https://www.leftfieldinvestors.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/

Circuit City
invest.circuitcity.com

158: Navigating Syndications: Evan Polaski on Investor Relations and Recession-Resilient Assets Mar 03, 2024

Show notes

Dive into the intricacies of real estate syndication, featuring expert guest Evan Polaski from Axia Partners. We discuss the pivotal role of investor relations, uncover the tough questions every investor should ask, and spotlight Axia's focus on strong asset classes. Join host Jim as he provides the tools for due diligence and knowledge on how to match deals to your investment goals. For actionable insights and practical wisdom in the world of passive investing, subscribe and make informed decisions. Get the edge you need - listen now!

About Evan Polaski

Evan Polaski serves as the Director of Investor Relations at Axia Partners, boasting a substantial 17-year tenure in investor communications. His involvement in real estate was sparked early, propelling him to study finance and real estate in college. In his current role, he specializes in connecting investors with company operations, ensuring their needs align with Axia's strategic goals. Evan focuses on recession-hardy investments in the Mountain West and Sunbelt regions, across various assets like multifamily and self-storage. His dedication to investor relations is a cornerstone of Axia's commitment to its clientele.

Here are some power takeaways from today’s conversation:

01:50 His journey to real estate investing

05:41 What is his role in the deal and process?

12:16 What questions investors should be asking

21:30 The fees

25:24 Should you ask how much the IR team is investing?

28:26 What is a sensitivity analysis?

30:21 How can investors approach the first call with an IR?

27:45 Has the economy effected how he analyzes deals?

35:02 Who should you be talking to when doing a deal

38:40 Axia

40:39 Podcast recommendation

41:24 Contact Evan

Resources Mentioned:

LinkedIn: LinkedIn: https://www.linkedin.com/in/evanpolaski/

Podcast Recommendations:

Conan Obrien needs a Friend
https://podcasts.apple.com/us/podcast/conan-obrien-needs-a-friend/id1438054347list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz

Man Talks
https://www.youtube.com/@UC2exoyYcKLknC5IWiwdAihQ

Advertising Partners:

Rise48
https://rise48.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/

Circuit City
invest.circuitcity.com

157: Exploring Branded Hotels as an Asset Class with Matt Faircloth Feb 25, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, where Matt Faircloth and Chad Ackerman break down the crucial role of transparency in real estate investments. They tackle the importance of clear communication and discuss how today's market challenges demand a more conservative approach to deal underwriting.
Matt shares his inspiring journey in real estate, scaling from a modest loan to managing thousands of multifamily units. Join us for an insightful session filled with expert advice on navigating investments, emphasizing cash flow, and a glimpse into the evolving buy-and-hold strategy. It's an episode packed with value that no passive investor should skip!

About Matt Faircloth

Matt Faircloth is a seasoned real estate investor and the co-founder of the DeRosa Group, a company he started with his wife Liz. He has been active in the industry since 2004, engaging in various projects like fix and flips, and multifamily properties. Faircloth's journey began with a $30,000 loan, which he and Liz turned into a substantial real estate portfolio that includes thousands of units and a significant investment fund. He advocates for conservative investing, the importance of generating cash flow, and transparency in real estate syndications. Faircloth's work emphasizes education for investors and partners, aiming to ensure a stable and profitable real estate market experience.

Here are some power takeaways from today’s conversation:

02:25 His real estate journey

03:41 What is new in the world of investing since he had been on the show?

05:56 Impact fund

09:54 What is his investment strategy?

13:37 His journey to the hotel space

17:44 What metrics have changed that he has put emphasis on?

21:05 How has his loan structure strategy changed?

27:45 Has the economy effected how he analyzes deals?

32:13 How do you approach the exit strategies?

34:33 Podcast recommendations

35:30 Contact Matt

Resources Mentioned:

LinkedIn: https://www.linkedin.com/in/mdfaircloth

Instagram: https://www.instagram.com/themattfaircloth/?hl=en

Website: https://derosagroup.com/about/

Podcast Recommendations:

The Real Estate Podcast: https://www.youtube.com/playlist?list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz

Advertising Partners:

Rise48
https://rise48.com/

Rust Belt Capital
https://rustbeltcapital.com/

Left Field Investors - BEC
https://www.leftfieldinvestors.com/bec/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh
https://www.leftfieldinvestors.com/books/

Vyzer
https://vyzer.co/

Spotlight Episode: Risk Mitigation Strategies: Insights from Ryan Stieg Feb 21, 2024

Show notes

Uncover the insider secrets of passive investing with Ryan Stieg, CFO and co-founder of LFI. Join host Chad Ackerman as Ryan shares valuable insights into deals gone wrong, offering lessons learned and tips to prevent such setbacks.
Discover the importance of diversification, deeper due diligence, and communication in passive investing. Don't miss this eye-opening discussion with Ryan Stieg on the pitfalls and precautions in the world of syndication investing.
Listen now on your favorite podcast platform! 🎧

About Ryan Stieg

Ryan Stieg is a seasoned investor and the Chief Financial Officer (CFO) of LFI (Left Field Investor) and one of the founders of LFI. With a background in syndication investing, Ryan has a wealth of experience in passive investing and brings valuable insights to the podcast. He has navigated through various investment opportunities, including some that didn't go as planned, and his experiences provide practical lessons for investors. Through sharing his own investment journey, Ryan aims to educate and inform the community about the nuances of passive investing and how to approach deals with careful consideration.

Here are some power takeaways from today’s conversation:

02:15 Deals that went wrong

7:11 Deeper due diligence

Resources Mentioned:

LinkedIn: https://www.linkedin.com/in/ryan-stieg-7375a26/

Advertising Partners:

Rust Belt Capital https://rustbeltcapital.com/

Rise48 - https://rise48.com/

Vyzer - https://vyzer.co/

156: Impact Investing in Workforce Housing with DLP's Rich Delgado Feb 18, 2024

Show notes

Join us on the latest episode of Passive Investing from Left Field, featuring special guest Rich Delgado of DLP Capital.
Dive into the heart of workforce and affordable housing investments, and discover how DLP's innovative approach is not only enriching communities but also providing impressive returns for investors. Rich shares insights on the thriving RV park market and reveals the financial strategies fueling DLP's strong performance despite market fluctuations.
Don't miss out as we explore smaller deals with big impact and learn about the future of real estate investing in 2024.

About Rich Delgado

Rich Delgado is a seasoned financial expert with over 30 years of experience in structured finance, capital markets, and mortgage industries. His impressive career trajectory has led him to the role of Managing Director of Structured Finance & Capital Partners at DLP Capital, which he joined in April 2019. Before his engagement with DLP Capital, Rich Delgaldo honed his skills in high-stakes environments, serving as Senior Vice President of Portfolio Investments at Nationstar Mortgage, where he masterfully grew their Mortgage Servicing Rights portfolio to an astounding $600 billion. His financial acumen also saw him manage $7 billion of Financing Facilities across 14 lenders during his tenure as Senior Vice President and Treasurer at Ocwen Financial Corp. Delgaldo's foundation in finance was laid during the early days of his career at the prestigious New York office of Deloitte & Touche, setting the stage for a remarkable journey through the finance industry.

Here are some power takeaways from today’s conversation:

01:42 His real estate journey

04:15 Who is DLP Capital?

05:56 Impact fund

07:35 Affordable & workforce housing

10:12 Starting from the ground up

12:09 Environmental stewardship

13:24 What he does for the DLP Community

14:47 Equity vs. debt investing

17:49 Mez debt vs. regular debt

21:13 Adjusting for the futures

25:49 2023 deal performance

28:06 Outdoor hospitality

34:50 Outlook for 2024

34:54 Podcast recommendations

36:05 Contact Rich

Resources Mentioned:

LinkedIn: https://www.linkedin.com/company/dlpcapital/mycompany/

YouTube: https://www.youtube.com/c/DLPCapital

Facebook: https://www.facebook.com/DLPCapital/

Podcast Recommendations:

Impact with Don: https://impactwithdon.com/

The Walker Webcast - https://www.walkerdunlop.com/webcasts/

Advertising Partners:

Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/

Tribevest - https://www.tribevest.com/

Rise48 - https://rise48.com/

Rust Belt Capital: https://rustbeltcapital.com/

Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh: https://www.leftfieldinvestors.com/books//

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