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JF3100: Carving Out the Mini-Multi Niche ft. Tom Higgins Mar 01, 2023

Show notes

Tom Higgins is a Managing Partner at Terra Capital, a real estate investment firm that rolls up mini-multis (2-15 units) through fund offerings into large, fully renovated, optimized cash-flowing portfolios of 100–200 units. He has leveraged his experience working at large institutional development companies to lead Terra's first-class operational and development professionals.

In this episode, Tom discusses investing in mini-multis, including the benefits, the options it gives investors upon exit, and how to raise capital for mini-multi funds.

Tom Higgins | Real Estate Background

Managing partner at Terra Capital
Portfolio:

Mini-multis (2-15 units) in Pittsburgh, Columbus, and Indianapolis

Based in: New York City
Say hi to him at:

Best Ever Book: Principles, by Ray Dalio

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JF3099: How to Become “Deadly Efficient” at Underwriting ft. Jason Baik Feb 28, 2023

Show notes

Jason Baik is a Managing Principal at Compounding Capital Group, a real estate investment firm that stabilizes value-add multifamily properties in Cincinnati, OH, and surrounding areas. A former corporate data scientist, in addition to being a general partner on 550+ multifamily units, he also teaches aspiring investors how to underwrite properly with the right pieces of data.

In this episode, Jason discusses leveling up from residential to multifamily investing, the challenges of networking as an introvert, and how to avoid analysis paralysis to become “deadly efficient” at underwriting.

Jason Baik | Real Estate Background

Managing Principal at Compounding Capital Group
Portfolio:

550+ multifamily units

Based in: Cincinnati, OH
Say hi to him at:

Best Ever Book: The Unfair Advantage, by Ash Ali and Hasan Kubba
Greatest Lesson: Focus on a niche skillset. You have to provide some sort of concrete value in order to get started.

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JF3098: A System for Targeting Short-Term Appreciation ft. Mark Updegraff Feb 27, 2023

Show notes

Mark Updegraff is the founder of Updegraff Group Realty Services, a suite of companies that broker, manage, and provide GC services, as well as Raze Capital, a commercial real estate syndication company. After getting laid off from his job making $70,000 a year in tech, a poor experience with a realtor prompted him to become a real estate broker. From there, he began purchasing distressed assets, eventually scaling into larger assets, including multifamily syndicating.

In this episode, Mark discusses his tech background, how he follows local trends to position himself for short-term appreciation, and his approach to choosing and retaining employees and partners.

Mark Updegraff | Real Estate Background

Founder of Updegraff Group Realty Services and Raze Capital
Portfolio: $40MM AUM

One- to four-family rentals
Multifamily
Mixed-use
Commercial
Industrial

Based in: Rochester, NY
Say hi to him at:

Best Ever Book: The Fountainhead, by Ayn Rand
Greatest Lesson: Kindness will fuel your business growth more than hard work or luck.

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JF3097: Syndications and Senior Assisted Living ft. Matt Jones Feb 26, 2023

Show notes

Matt Jones is the CEO of Hawkwing Capital, which invests passively and raises capital from other investors for solid deals with proven sponsors.

In this episode, Matt discusses how he went from house-hacking a triplex to becoming an LP and eventually raising capital for his own deals, including how to build relationships through problem-solving, how to communicate with investors when plans and projections change, and why starting as an LP is a great way to get started in syndications.

Matt Jones | Real Estate Background

CEO of Hawkwing Capital
Portfolio:

40 multifamily units
244 senior assisted living beds

Based in: St. Paul, MN
Say hi to him at:

hawkwingcapital.com

Best Ever Book: Green Lights, Matthew McConaughey; Rich Dad Poor Dad, by Robert Kiyosaki
Greatest Lesson: Network marketing in his 20s helped Matt come out of his shell as a shy introvert.

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JF3096: Navigating Multifamily Portfolio Management ft. John Warren Feb 25, 2023

Show notes

John Warren is the President at Forte Properties, Inc., a top-performing real estate brokerage that specializes in selling real estate in the one- to four-unit space and acquiring value-add apartment buildings.

In this episode, John discusses the nuances of investing in Chicago, Ill., and takes us inside the day-to-day operations of managing a 154-unit multifamily portfolio.

John Warren | Real Estate Background

President at Forte Properties, Inc.
Portfolio:

154 units

Based in: Chicago, IL
Say hi to him at:

Instagram

Best Ever Book: The Complete Guide to Buying and Selling Apartment Buildings, by Steve Berges; Traction, by Gino Wickman

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JF3095: Lessons in Scaling Your Real Estate Business ft. Abbas Mohammed Feb 24, 2023

Show notes

Abbas Mohammed is the CEO and founder of Model Equity, a multifamily real estate investment firm with a focus on properties in the Dallas-Fort Worth area. He started in the residential space as an agent at 18 years old before going all-in on multifamily real estate investing.

In this episode, Abbas discusses hiring and utilizing virtual assistants, the gap between seller and buyer expectations in today’s market, and the importance of choosing the right market and right properties above all else.

Abbas Mohammed | Real Estate Background

CEO and founder of Model Equity, a multifamily real estate investment firm with a focus on properties in the DFW area.
Portfolio
- GP of 338 units
- $54M AUM
- LP of 1,588 units
Based in: San Jose, CA
Say hi to him at:
- modelequity.com
Best Ever Book: Whatever It Takes, by Stephen A. Schwarzman
Greatest Lesson: The importance of adaptation and persistence.

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JF3094: How to Play the Odds and Avoid the Mirage | Passive Investor Tips ft. Travis Watts Feb 23, 2023

Show notes

Passive Investor Tips is a weekly series hosted by full-time passive investor and Best Ever Show host, Travis Watts. In each bite-sized episode, Travis breaks down passive investor topics, simplifying the philosophy and mindset while providing tactical, valuable information on how to be a passive investor.

We’re taught to invest in the stock market, hold for the long term, diversify in index funds and mutual funds, etc. — convictions that perpetuate the “buy, hold, and pray” mindset.

In this episode, Travis shares how he shed these learned convictions through education, the importance of evaluating odds and market cycles to identify opportunities, and avoiding the get-rich-quick, gold-rush mentality when investing in real estate.

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JF3093: The Benefits of Collateralized Investing ft. Carrie Cook Feb 22, 2023

Show notes

Carrie Cook is the President of Ignite Funding. With over 15 years of experience in private lending, Carrie has funded over $1.5B and is committed to continued growth and preservation of investor capital. In this episode, Carrie discusses her underwriting process, structuring investor-friendly terms, and the benefits of investing in a trustee vs. a fund.

Carrie Cook | Real Estate Background

President of Ignite Funding with over 15 years of experience in private lending. Licensed mortgage broker in NV and AZ.
Portfolio
- Servicing $350MM in loans
- Type: 60% commercial 40% residential
- NV, TX, CO, UT, AZ
Based in: Las Vegas, NV
Say hi to her at:
- linkedin.com/in/carriecookceo
- highheelboss.com
Greatest Lesson: Do your due diligence. Don’t invest in somebody or something you know nothing about. If you don’t take the time to do the research, then you’re the only one to blame if you lose your money.

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JF3092: Creative Ways to Set Up Your LLC ft. Garrett Sutton Feb 21, 2023

Show notes

Garrett Sutton is an attorney and the founder of Corporate Direct, which helps entrepreneurs and investors protect their assets, maintain privacy, and reach their financial goals. He’s also a best-selling author and one of Robert Kiyosaki's Rich Dad Advisors.

In this episode, Garrett discusses LLCs — why real estate investors need them, how and why they vary from state to state, and the benefits of having your LLC taxed as an S-corp. He also compares CRE investing to a new market into which he’s delving: movies.

Garrett Sutton | Real Estate Background

Attorney and founder of Corporate Direct, which helps entrepreneurs and investors protect their assets, maintain privacy, and reach their financial goals. Best-selling author and one of Robert Kiyosaki's Rich Dad Advisors.

Previous episode: JF964: Do You Know About these LEGAL LOOPHOLES of Real Estate?

Based in: Reno, NV

Say hi to him at:
- corporatedirect.com

Best Ever Book: Rich Dad Poor Dad, by Robert Kiyosaki; Veil Not Fail, by Garrett Sutton, Esq.
Greatest Lesson: Start early, learn from your mistakes, and keep going. Don’t let the fear of making a mistake keep you from moving forward.

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JF3091: Debunking Mobile Home Park Investing Myths ft. Daniel Weisfield Feb 20, 2023

Show notes

Daniel Weisfield is a third-generation mobile home park investor and the co-founder of Three Pillar Communities, which is now a Top 30 mobile home park owner in the U.S. with roughly a $500 million portfolio made up of 65 communities in 11 states.

In this episode, Daniel discusses the changing stigma of manufactured homes, the myth that a mobile home is a depreciating asset, and the challenges of developing mobile home parks.

Take a look at Daniel's latest community, Cameron Crossing in Bozeman, Montana.

Daniel Weisfield | Real Estate Background

Co-founder of Three Pillar Communities, which revitalizes affordable communities while generating compelling returns.
Previous episode: JF3006: A Fresh Take on Manufactured Housing ft. Daniel Weisfield
Portfolio:

GP on 29 properties
65 mobile home communities in 11 states ($500M)

Based in: Tel Aviv, Israel (company based in Los Altos, CA)
Say hi to him at:

Greatest lesson: Just do a deal. That's how you learn. Take a risk.

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