Recession Proof Real Estate Investing
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To connect with Jason Allen, visit: http://calljasonnow.com/ To connect with Sam Newell, and to find out more info about the Multi-Family Investment Club, visit: MFIclub.com https://my.captivate.fm/MFIclub.com
Sammy’s vast knowledge of Phoenix, Scottsdale, Paradise Valley, Arcadia, and Biltmore, coupled with his honest-to-a-fault demeanor, have made Sammy the perfect agent for first time homeowners, families, retirees, and families alike. Sammy’s success has not only been enjoyed by his clients, but noticed by other professionals as well. He is also a financial peace instructor at multiple churches, and loves teaching young families about how to budget and handle money. Sammy proves that it isn’t hard to put people first. Connect with Sammy here: https://northandco.com/our-professionals/samuel-destefano (https://northandco.com/our-professionals/samuel-destefano) For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
Meet the new COO of the Multi-Family Investment Club, Jeremy Herider. Besides helping 1000's create their "Optimal Self" via getting uncomfortable, defining values, then creating the daily habits needed to become the person THEY want to be... Jeremy has plenty of stories to tell from playing 𝗠𝗮𝗷𝗼𝗿 𝗟𝗲𝗮𝗴𝘂𝗲 𝗕𝗮𝘀𝗲𝗯𝗮𝗹𝗹⚾, then becoming a 𝗖𝗿𝗼𝘀𝘀 𝗙𝗶𝘁 𝗚𝗮𝗺𝗲𝘀 𝗖𝗵𝗮𝗺𝗽𝗶𝗼𝗻🏋️♂️! Both took INSANE daily habits and discipline to achieve! For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
Dean's determination, ambition, and creativity are vital parts of his make-up. Dean has sold over $150 million in personal sales since 2012. Dean has an innate ability to give his clients the confidence they need to make the right decisions for them and their families. He enjoys spending quality time with his wife, Ashley and daughters, Demi and Hadley. He most enjoys his active lifestyle and currently resides on the Gold Cast, giving him a personal connection to the area. He is passionate about creating an experience for buyers and sellers because he lives where he sells. Dean Clark's knowledge and expertise in Real Estate is second to none. Dean's finance background gave him the rare ability to launch himself into the Real Estate industry with ease and in short order. He brings a strategic yet personable approach to the home buying and home selling process. With his market savvy and bottom-line oriented attitude, he knows how to get real results for his clients. Drawing from years of experience as a sales professional, Dean has built a reputation for his refreshingly friendly customer care, high energy, proven ability to guide sellers to obtain the best value for their dream home, and to assist sellers to a smooth, stress-free sale of their home. Dean has extensive knowledge of the different cities and neighborhoods in Hudson County and Lower Bergen County; including the rules and regulations of new developments along the Hudson. Dean is also a Certified Relocation Specialist and a Certified Marketing Specialist. For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com) Kaajal Shahani is a top real estate agent in Fremont, California. She has been awarded 'Fremont's #1 Realtor' consistently for the past few years. Kaajal brings 18+ years of knowledge and expertise about buying, selling, and investing in real estate. Her achievements include- a distinction as the '#1 producer' by Fremont Intero Real Estate, Real Estate Expert on Newsweek, HGTV guest appearance, and Intero Top Real Estate Agent 1%. As a lifelong resident of the East Bay area, Kaajal offers a true insider's perspective and comprehensive local knowledge, which has been invaluable to her clients. She works with her buyers and sellers through every step of the process and navigates complex transactions with ease and expertise to deliver results. Kaajal is best known for her: Innovative marketing strategy Detailed home staging initiatives to showcase properties Cutting-edge technology, including the use of professional videographers/virtual tours, to create an exceptional online representation of exclusive listings, dedicated websites, and social media portals. Kaajal specializes in real estate transactions, including selling and purchasing single-family homes, distinctive luxury estates, investment properties, and residential condominiums/townhomes in Fremont and surrounding areas. She offers first-time homebuyers step-by-step guidance to ensure seamless transactions - and the opportunity to own the home of their dreams.
For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com) David Arustamian is a real estate broker operating in the sprawling Phoenix Metropolitan area since 2013. He graduated from Babson College with a Bachelor of Science Degree in Entrepreneurship, giving him the knowledge that was vital in helping set up his successful Realtor practice. David offers real estate services in multiple states but specializes in the Phoenix area due to his comprehensive knowledge of the city and housing market. As a member of Russ Lyon | Sotheby's International Realty and Gibson | Sotheby's International Realty, David has developed white-glove skills to cater to high-end clients. He has demonstrated his innate talent for realty once again by successfully handling the complex and intricate luxury real estate market. His professionalism, immaculate manners, and crisp charm have made him a favorite of the highest echelons in the city. You can connect with him at https://www.agentda.com/.
In this episode, Sam Newell and his partner, Michael Young, give updates on their investment properties PLUS the 6 things to consider before investing. For more info about the Multi-Family Investment Club, visit https://my.captivate.fm/MFIclub.com (MFIclub.com)
Eddie Oberoi was born in New Delhi, India, and came to the US and settled with his parents in Utah when he was 16. He graduated from Utah State University and came to the Bay Area in 1997 with only one goal in mind; to become successful in the real estate business. Eddie never stops learning; he feels that he needs to stay ahead of the curve by gaining the maximum amount of knowledge. He is still taking various real estate-related classes and got a certification in “Negotiation Mastery” from Stanford University. He is passionate about his career, and it shows in his work. Having gone to good schools and lived in drastically different neighborhoods, Eddie Oberoi has that unique competitive advantage and ability to work with people from all walks of life. On This Episode: 00:00 Intro 03:07 Biggest Lessons from the ’08 Recession 07:09 The Importance of Cash Flow 09:03 Doing $200 Million in Deals 16:10 The Power of Mindset/Affirmation 24:41 Serving Your Tenants + Investors 25:58 Real Estate in the Bay Area Connect with Eddie Oberoi: Website https://www.eddieoberoi.com/ (https://www.eddieoberoi.com/) Linkedin https://www.linkedin.com/in/eddie-oberoi-24364035 (https://www.linkedin.com/in/eddie-oberoi-24364035) Facebook @TheOberoiTeam @EddieOberoi Instagram https://instagram.com/eddie_oberoi?utm_medium=copy_link (https://instagram.com/eddie_oberoi?utm_medium=copy_link) Tiktok https://vm.tiktok.com/ZM8huaQmt/ (https://vm.tiktok.com/ZM8huaQmt/)
In this episode, Sam Newell and his partner, Michael Young, give updates on their investment properties. Watch the video version here: https://youtu.be/x30Tsb1wWA8 (https://youtu.be/x30Tsb1wWA8) For more info about the Multi-Family Investment Club, visit MFIclub.com
Jeremy Herider is a three-sport professional athlete, productivity coach to several Fortune 500 companies, and life coach (among many other titles). He’s also the pioneer of Optimal Self Inc. and spends every day following the very habits he promotes through this program. Jeremy has helped 1,000’s of people become the best versions of themselves through Optimal Self, and he’s done so with the belief that every high-performing individual follows those same basic habits to support their success. On This Episode: Hear about the childhood memory that changed the course of Jeremy's life. Sam shares the mindset that got him to the first 100k year and the first 1.2 million year. Learn the importance of showing up at 100%. Jeremy explains why you need to stop finding yourself. Tweetable Quote: “Life is not about finding yourself. It's about creating yourself." Connect With Jeremy Herider Online: https://www.optimalself.today/ (https://www.optimalself.today/)
Josh Plave is the founder of Wall to Main and a full-time multifamily investor. Holding a portfolio of over 1,500 units across seven markets, Josh is a General Partner across 10 properties spanning 800 units. Josh's experience in retirement accounts began at 16, when he opened his first Roth IRA and began trading equities. Since then, after the unfortunate passing of his grandfather and mother, he was left with multiple Inherited IRAs. Through careful research and structuring, Josh has been able to further the legacy of prior generations and accelerate the growth of his family's capital. This experience led to the creation of Wall to Main, where the lessons learned and opportunities found are meant to be shared, free of cost, for those who seek to preserve and grow their wealth for a prosperous future. On This Episode: Discover how you can use your retirement funds to invest in real estate. Josh simply breaks down the restrictions guidelines for using retirement funds for investment properties. Sam and Josh discuss the volatility of the S&P 500 vs Multifamily. Tweetable Quote: “Multifamily is 58% less volatile than the S&P 500.” – Josh Plave Connect With Josh Plave Online: https://www.walltomain.com/ (https://www.walltomain.com/) The UBIT Calculator: https://www.walltomain.com/ubit-calculator
It's episode 061 of the Recession Proof Real Estate Investing Podcast, and Sam Newell is sitting down with Scott Pyle. Scott has over thirty years of experience in the financial industry. His extensive background in financial management includes executive positions with Merrill Lynch, Morgan Stanley, and Wachovia Securities. He is an Accredited Asset Management Specialist (AAMS) and Wealth Management Specialist (WMS). He continues to serve individuals and families through comprehensive financial planning at Pyle Financial Services, Inc. In addition, Scott serves as the Senior Advisor to Dr. John Maxwell Foundation infusing biblical leadership principles into the culture around the world. He also serves as the Senior Advisor to the Executive Team of Athletes In Action helping sports-minded people think and live biblically. On This Episode: Learn the value of staying in your lane as an investor. Scott breaks down the difference between gambling and investing. Sam and Scott discuss aligning wealth and purpose. Find out why you shouldn’t necessarily invest in rapidly growing areas. Key Takeaway: When identifying a good investment: A good return should be the starting point Ask yourself, "How does it align with what I’m already doing?" Ask yourself, "Does it add value or increase my visibility?" Ask yourself, "Does it bring credibility to me within a marketplace or am I just chasing returns?" Tweetable Quote: “Return OF your money is just as important as return ON your money.” – Scott Pyle Connect With Scott Online: Facebook: https://www.facebook.com/RonaldScottPyle / https://www.facebook.com/Pylewealthmanagement (https://www.facebook.com/Pylewealthmanagement) LinkedIn: https://www.linkedin.com/in/ronaldscottpyle/ (https://www.linkedin.com/in/ronaldscottpyle/) Website: https://scottpyle.com/ (https://scottpyle.com/) https://www.pylefinancialservices.com/ (https://www.pylefinancialservices.com/)
There is a huge demand for affordable housing. Not only is it scalable and recession proof, it actively adds value and impacts communities. Take it from Jesse Futia. Jesse is a US Army Ranger and a commercial real estate investor. His focus is on Commercial and Residential Real Estate Investments especially in the multi family student housing space. He also pursues investments in Apartment Complexes, Mobile Home Parks, and Assisted Living Complexes. With a relentless, US Ranger like pursuit of having 1,000 units and 1,000 Pads under management within five years, Jesse is one to look out for. [00:01 – 06:31] Opening Segment Jesse gets right into his background and his investments in affordable housing Examples through MHP [06:32 – 16:55] Empathetic Capitalism: Scaling Through Affordable Housing The value of scaling with affordable housing Low payments, high cash flow, with value add The empathetic capitalist - you don’t have to be a slumlord Creating scenarios where everybody wins Example from my own experience [16:56 – 30:10] Change Your Mindset and Put in the D*mn Work Comparing my deal to Jesse’s MHP asset class Value add potential and demand Jesse talks about going from single family to multifamily Change your mindset and put in the work Bringing the Ranger mindset into real estate Doing what others will not Do not quit [30:10 – 34:27] Summary Final advice, and words from me and Jesse Tweetable Quotes: "We want to create scenarios where everybody wins. We win, the tenants win, the municipality or the city wins… empathetic capitalism is very crucial.” - Jesse Futia “I don’t want to be a landlord, I want to be an entrepreneur - how do I do that? I need to scale to larger commercial assets.” - Jesse Futia “There’s no quit, there’s no stop, and you have to be willing to do what others will not.” - Jesse Futia Resources Mentioned: https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151 (Who Not How) You can connect with Jesse on https://www.linkedin.com/in/jesse-f-ba54b9147/ (LinkedIn) and continue the conversation. Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
Unless you have a net worth of at least $20M, what in God’s name are you owning a house for? Let’s talk about getting more money from your money. Michael Young started his diverse real estate career right after graduating high school. His original training was working in his family real estate business where he was part of developing apartments as well as responsible for the sales of hundreds of homes. After being Top Agent for Coldwell Banker for many years, he established his own company, Princeton Pacific. [00:01 – 05:22] Opening Segment Paul gets right into his background and what he learned from selling his home Fiction vs. Reality - let’s look at the numbers The opportunity loss from Michael’s transaction [05:23 – 08:37] Fiction vs. Reality - The Numbers Don't Lie Calculating the cash-out ReFi Reality check - why are you owning a house? Total amount Paul could have made [08:38 – 16:58] Buying Toys Won't Pay You Back, Assets Will The effects of delaying gratification Example from a friend who bought an expensive car What I will make on the Cleveland Deal Your money should be in assets, assets will pay for your toys The type of assets you buy matter Cash-flow and scale [16:59 – 17:50] Summary Final advice, and words from me Michael Tweetable Quotes: "Unless you have a net worth of at least $20M, what in God’s name are you owning a house for?” - Michael Young “Until you have the asset base to back up these toys, which everyone’s entitled to… You’re really making a mistake, the numbers don’t lie.” - Michael Young You can follow Michael by emailing michaelyoung@mycrealtor.com and check out https://www.princetonpacific.com/ (https://www.princetonpacific.com/) to start building your wealth the smart way. Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
Welcome to another episode of Recession Proof Podcast, today we meet our guest: Clay Malcolm, Clay is a Self-Directed IRA and HSA Expert. Financial Literacy Speaker and Advocate. Certified IRA Services Professional. He is also a Creator and presenter of customized educational content related to retirement account investing, investment dynamics, and general financial literacy. Self-Directed IRA, HSA, and Solo 401(k) expert. Tune in!
Everybody knows there’s a ton of money to be made in real estate, the thing is, how do you do it? Ken Gee is the Founder and President of the KRI group. He has over 23 years experience in real estate, banking, private equity transaction and multifamily investing experience. Throughout his career, he has been involved in transactions valued in excess of $1.5 billion and plays a significant role as a member of due diligence and transaction structure planning teams for several private equity firms. [00:01 – 08:00] Opening Segment Ken gets right into his background and what he learned from the last recession What went wrong? Takeaways [08:01 – 30:00] Plan, Learn, Re-Evaluate, and Adjust What Ken does to protect the downside Be ready to re-evaluate and adjust your plans based on what you learn Things WILL change Key things to keep in mind during the renovation process Ken’s advice on analyzing the risk getting to the upside of a deal Risk adjusted returns The beauty of syndication [30:01 – 46:00] Everyone Should Be a Passive Investor Ken’s free e-book, where to grab it and what value you’ll get from it Advice for people who want to become passive investors What to look for in a business plan as a passive investor Where to find help from Ken and other resources: Links Below [46:01 – 50:51] Summary Final opportunities, advice, and words from Ken Tweetable Quotes: "The biggest lesson I learned was to manage your debt and your capital stack very, very carefully. Give yourself multiple potential strategies with that loan.” - Ken Gee “Everyone knows you can make a ton of money in real estate, this is not a secret at all. But what most people struggle with is how do THEY do it?” - Ken Gee “It’s a business, not just an apartment.” - Ken Gee Resources Mentioned: https://www.kriproperties.com/ (KRIProperties) http://kripropertymanagement (KRI Property Management ) https://www.amazon.com/Too-Big-Fail-Washington-System/dp/0143118242 (Too Big to Fail) You can follow Ken on https://www.linkedin.com/in/geekennetha/ (LinkedIn) and visit https://www.kripartners.com/ (https://www.kripartners.com/) and get your free e-book! Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
Grace Tsang is a San Francisco Bay Area top producing real estate agent and a luxury home marketing specialist. Grace's true passion is to help clients make smart real estate decisions that positively transform their lives and build long-term wealth. She has an extensive background in real estate sales, real estate investment, business, and technology from her previous career in software and her formal education. [00:01 – 02:24] Opening Segment Grace talks about her real estate background [02:25 – 13:16] The Cincinnati Deal We talk about the Cincinnati deal that we are currently working on Contingency plans Private Placement Memorandum (PPM) What is Grant Cardone doing? [13:17 – 14:54] Summary A summary of today's takeaways Tweetable Quotes: "We are not planning for the worst-case scenario, but we need to be prepared for it." – Grace Tsang You can follow Grace on https://www.linkedin.com/in/gracetsangrealestate/ (LinkedIn) or visit the Intero Real Estate https://intero.com/ (website) for more information. Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
In this episode, we celebrate the closing of our 104 - door multifamily investment in Cleveland, Ohio. This deal would not have been possible without the incredible team that managed it. So, in celebration of this memorable moment, we put the spotlight on the people that made this deal a success. On this episode: Who are the people behind our Fairmount-Cleveland Ohio closing? I introduce them and thanked everyone. Everyone shares why they love investing in Multifamily. We discuss each of our roles (who was responsible for what) Why this deal was awesome!! From the property itself to the tenants. Tweetable Quotes: “Now, I will never, no matter how good the money is, I will never do business with people I don’t enjoy working with ever again.” – Sam Newell Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
The past two years have been quite a ride, especially with the Covid-19 hit. Now that we have conquered the challenges and hurdles thrown at us due to circumstances brought by the pandemic, we continue to keep moving forward and prepare ourselves for the upcoming battles that await us. [00:01 – 10:13] Market Update How to spot the signs that it’s time to move forward We talk about Inflation and the recent Tax Code changes and how this will affect investors [10:14 – 14:58] Become Recession Proof Become recession-proof by partnering with us! Why brokers bring off-market deals to us [14:59 – 24:26] Inflation and Budgeting Is inflation good for real estate investors? How inflation will affect the market, home buyers, renters, and investors. [24:27 – 31:28] Closing Segment We talk about the 1031 Exchange and Passive Losses Why investors should take advantage of this time to start making their moves Final thoughts Tweetable Quotes: “Why wait for taxes to go up when you can offset [your] gains with some amazing losses.” – Sam Newell Connect with Michael and Princeton Pacific Properties athttps://www.princetonpacific.com/ ( https://www.princetonpacific.com/) Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
What is Cost Segregation? Do you need to get one? What will it do for you? Many people still don’t know what cost segregation is and have many questions surrounding it. I’m not a cost segregation expert, but all I can say is we hire professionals to do a cost segregation study for every deal that we get in the MFIClub. In this episode, I discuss some of the benefits that we and other real estate owners and investors enjoy by having a cost segregation study for their real estate investments. Resources Mentioned: https://madisonspecs.com/ (Madison SPECS) - https://madisonspecs.com/ https://www.linkedin.com/in/cost-segregation-yonah-weiss (Yonah Weiss) - https://www.linkedin.com/in/cost-segregation-yonah-weiss Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
In this episode, we bring in Grace Tsang, Broker Associate, Intero Top Producer, and Silicon Valley Expert. Grace is a San Francisco Bay Area top-producing real estate agent and a luxury home marketing specialist. Grace's true passion is to help clients make smart real estate decisions that positively transform their lives and build long-term wealth. She has an extensive background in real estate sales, real estate investment, business, and technology from her previous career in software and her formal education. On this episode: Grace talks about how their real estate company is doing a year after the pandemic hit How to prepare for situations similar to the effects that the pandemic had on real estate Secure a high Operating Capital The CapEx Reserved Budget Protecting your investors from risks Tweetable Quotes: "Having the investors interests in mind is important, but like you said, we are dealing with families with kids, that this is their home, and we need to do the right thing when something happens to make sure they are taken care of." – Grace Tsang Learn more about Grace by visiting her websitehttps://gracetsang.agent.intero.com/ ( https://gracetsang.agent.intero.com/) Subscribe to the podcast onhttps://podcasts.apple.com/us/podcast/recession-proof/id1484472973 ( Apple),https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv ( Spotify), andhttps://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw ( Google). Follow me on the following platforms:https://www.linkedin.com/in/sam-newell-70336642 ( LinkedIn),https://www.facebook.com/samuelcn ( Facebook),https://www.instagram.com/samnewellrealestate/ ( Instagram), andhttps://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber ( YouTube) Tune In and Become Recession Proof!
Michael Young started grinding hard during his college years and learned to take over the family business while also selling real estate full time at a high level. Michael and his father did extremely well building and developing mobile home parks in Northern California. Michael used this experience as a stepping stone to building his empire to what it is now today, a thriving real estate sales business in the North San Francisco Bay area and multimillion-dollar multifamily rental property firm with 500+ doors. In this episode, we do a recap of the year 2020. A year full of struggles, uncertainties, failed businesses, and more. We share our stories of success and overcoming the hurdles brought by Covid. [00:01 – 05:09] Opening Segment Going through hundreds of deals physically and virtually since 2019 Choose deals that: Is going to cashflow in any situation Will let you sleep at night, not having to worry about risks [05:10 – 11:55] Cash Flow is King Why is cash flow very important? Create a conservative business model We are not GAMBLERS. Real estate is not a get-rich-quick scheme. [11:56 – 26:47] 2020 Recap We talk about the crazy things that happened for our businesses How we were able to become “Recession Proof” in this Covid season Surround yourself with the best of the best Working our ass off to fight for a deal in El Paso [26:48 – 38:19] Conservative Investing Why being a smart and conservative investor is important Don’t be greedy Securing a conservative but fairly profitable deal over a high-risk, high-reward deal [38:20 – 42:36] Closing Segment Goals for 2021 Final words of advice from Michael Tweetable Quotes: “Once you pull the trigger on your own deals, you really don’t want to have a lot of surprises.” – Michael Young “You’re only as good as your team.” – Michael Young “You have to have a very, very clear, crystal clear vision of what you want and what your goals are and what you want to accept.” – Michael Young Connect with Michael and Princeton Pacific Properties at https://www.princetonpacific.com/ (https://www.princetonpacific.com/) Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google). Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube) Tune In and Become Recession Proof!
Scott Krone is the Founder of CODA Management based in Chicago, IL. They partner with investors to find and convert warehouses and office buildings into climate-controlled, self-storage facilities. CODA has over 47 syndications and 400,000 sq. ft with 2,750 storage units under management. Today, Scott shares where he finds opportunities, his criteria, and tips for working with local officials. [00:01 – 07:10] Opening Segment I introduce and welcome our guest, Scott Krone Mistakes people make when buying distressed real estate properties or any type of real estate in general How to find deals below the market price Finding distressed real estate assets How to identify if a distressed asset is worth buying [07:11 – 22:06] Self-Storage Facilities Scott talks about how they generate income through their self-storage facilities He shares how he discovered the opportunities in self-storage facilities Self-storage’s recession-resistant capabilities [22:07 – 25:43] Generating Income vs. Building Wealth The misconceptions that real estate is a “get rich quick scheme” We talk about “generating income vs. building wealth” [25:44 – 42:29] Self-Storage Facilities (Continued) What type of actual shell or type of building has performed better for you? Scott shares the process of converting assets into storages Why self-storages are essential [42:30 – 51:33] Opportunity Zones Scott talks about opportunity zones Scott’s advice on opportunity zones Scott shares a story from when he visited Singapore [51:34 – 56:55] Closing Segment Scott talks about his “why?” Scott’s final thoughts and words of wisdom for the listeners Get in touch with Scott. See the links below. Tweetable Quotes: “Everything is for sale at the right price.” – Scott Krone “The best time to sell is when you don’t have to. You have the most leverage cause you can just walk away from the offer.” – Scott Krone Get in touch with Scott throughhttps://www.linkedin.com/in/scott-krone/ ( LinkedIn) or their websitehttps://www.codamg.com/ ( https://www.codamg.com/) Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google). Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube) Tune In and Become Recession Proof!
Jose Luiz Morales started his real estate career by acquiring his license in 2010 and diving into the market in 2011. Jose founded the Morales Real Estate Group, and they are the #1 realtors in Ventura County. He is also an agent under RE/MAX Gold Coast since 2016. Jose believes that in every market, there is an opportunity. You just have to have the right mindset and look at where sometimes people don’t see opportunities. [00:01 – 10:08] Opening Segment Jose talks about his real estate background He shares about his goals Jose shares the story of acquiring his dream apartment complex [10:09 – 21:34] Apartment Complexes Jose talks about his plans for the apartment complex Expanding and his visions for his career [21:35 – 28:30] Conquering the Pandemic Jose talks about his real estate business The mindset shifts The current state amidst the pandemic [28:31 – 36:43] Closing Segment A day in the life of Jose He shares about his daily routine. Jose talks about his family. Get in touch with Jose. See the links below. Final thoughts Tweetable Quotes: “For people that think that there’s no opportunity in their market, I would say that sometimes it’s a mindset thing and just kind of like looking and seeing opportunities sometimes where others don’t see opportunity.” – Jose L. Morales Resources Mentioned: https://www.mikeferry.com/ (Mike Ferry Coaching) https://amzn.to/3hKIgpY (Crushing It in Apartments and Commercial Real Estate) by Brian Murray https://amzn.to/3hLtYFz (Multifamily Millions) by David Lindahl Follow Jose on Instagram https://www.instagram.com/joseluizmorales/?hl=en (@joseluizmorales) Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google). Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube) Tune In and Become Recession Proof!
Join us for a special episode as we bring in our guest, Scott Barrus, owner of the Spinner Fall Guide Service, a fly fishing service in the Green River. Today’s topic is all about fly fishing with a touch of entrepreneurship. Hear why the Green River is one of the top amazing fishing destinations on the west coast, and stay tuned as Scott walks us through the fly fishing experience. [00:01 – 03:45] Opening Segment Scott talks about his background and his business, Spinner Fall Guide Service Been a fly fishing guide since 1999 Fly fishing service in the green river [03:46 – 08:42] The Green River The Green River - one of the top Trout fishing rivers on the west coast Scott talks about the beauty of the Green River and why they have continued to fish there for 20 years [08:43 – 19:39] The Fly Fishing Experience Scott shares how he got into fly fishing. Growing up in a family of fishers Scott talks about his first fly fishing trip in the Green River. Are you interested in booking a fly fishing trip? Hear Scott’s tips for you! What to expect in a fly fishing trip with the Spinner Fall Guides [19:40 – 24:59] Closing Segment Resuming their business after the Corona Virus hit The best time to book a fly fishing trip Final thoughts and other fly fishing tips from Scott Tweetable Quotes: “I grew up fishing out as a kid --- and since I was 3 years old, fishing has been my favorite thing to do.” – Scott Barrus Book your fly fishing trip with Spinner Fall Guide Service, visit their website athttps://www.spinnerfall.com/ ( https://www.spinnerfall.com/) or call them at 877-811-FISH Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google). Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube) Tune In and Become Recession Proof!
Anna Kelley started her real estate journey by buying and doing their first flip together with her husband. After that first flip, they decided to stop doing flips and focused on rental properties. While having a full-time job and with her husband starting his chiropractic business, Anna slowly built up their real estate portfolio on the side. Fast-forward, she finally pulled the trigger and retired from her 9 to 5 job to fully commit to real estate investing. Today, Anna is called the ReiMom, a Real Estate Investor, Mom, Speaker, Coach, Mentor, and Syndicator. [00:01- 12:32] Anna’s Story Anna talks about her background and shares their family’s story. How they got started in real estate The transition from her 9 to 5 job Anna talks about the first flip they made Why her husband said, “no more flips.” Moving to Pennsylvania [12:33 – 32:20] Become Recession Proof The 2008 Recession – how it affected Anna Buying her first 4-plex with her income at risk during the 2008 recession Anna talks about her struggles during the recession Learning resilience, creativity, and never taking NO for an answer Trying to create cash with no money Learning through their experiences during the recession and becoming recession-proof Anna talks about the lessons she learned and shares tips you can use [32:20 – 48:36] Retirement Building up her portfolio and retiring from her 9 to 5 job Anna shares the process of focusing on her family and real estate career Would you suggest to someone to start with a duplex or 4-plex or bigger complexes? Anna weighs in on doing deals with partners and syndications It doesn’t make sense on doing small deals Creating generational wealth What is the right size for your first deal? [48:37 – 59:49] Closing Segment Having a recession resilient, recession-proof portfolio How they’re managing through the COVID pandemic Final thoughts for the listeners: “This is the time to really get educated.” Connect with Anna. See the links below. Tweetable Quotes: “Location, location, location is really important.” – Anna Kelley “You have to balance your risk tolerance with the risk of using up your cash and what if something happens.” – Anna Kelley “Align yourself with people that do have grit and money and creativity.” – Anna Kelley “My best advice in getting through a recession is just learn, do it. Jump over the hurdles and align yourself with really good people that can get you where you need to go.” – Anna Kelley You can connect with Anna and join her coaching program by sending her an email at info@reimom.com or visiting her websitehttps://reimom.com/ ( https://reimom.com/). Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google). Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube) Tune In and Become Recession Proof!
Powell Chee is a real estate investor and multifamily syndicator partnering with interested investors who are focused on acquiring cash-flowing properties and forcing short term appreciation. Powell specializes in multifamily syndications with experience and skills in portfolio strategy, market & property analysis, long-distance acquisitions, asset management, network management, selective financing, and raising capital. In Los Angeles, he leads the fast-growing multifamily meetup group, the https://multifamilymasters.com/ (MultiFamilyMasters.com) [00:01 – 12:23] Powell’s Real Estate Journey Powell talks about his real estate background Buying his first apartment in Indianapolis The power of expanding your network and partnering with people Scalability The THREE major components of a syndication Acquisition Raising Capital Asset Management Figuring out what you’re good and bad at [12:24 – 25:27] Juggling Through Jobs Powell talks about how he is managing to have a full-time job while investing in real estate. Powell shares the mistakes he made throughout his journey. Listen and learn from his mistakes! What is “Secret Shopping Properties?” [25:28 – 33:12] Moving Up the Ladder Are you interested in investing in bigger unit properties and don’t know where to start? Here are Powell’s tips and advice for you! Find strategic partners Educating yourself [33:13 – 39:34] Closing Segment Powell talks about his 15-year-old self We talk about Grant Cardone’s book, https://amzn.to/37q2bpw (Sell or Be Sold). Final thoughts Tweetable Quotes: “Scaling is just gonna be partnering with the right people who are skilled in other facets. And then you let them really drive that part of it, and you yourself drive what you’re good at.” – Powell Chee “Everybody has this kind of a distinct advantage of what can make them be successful –- you just got to find that whatever it is in your job that helps you be successful and use that moving forward.” – Powell Chee Interested in joining Powell’s meetup? Visit their websitehttps://multifamilymasters.com/ ( https://multifamilymasters.com/) now! You can also send him an email at powell@platinumequitypartners.com Subscribe to the podcast on https://podcasts.apple.com/us/podcast/recession-proof/id1484472973 (Apple), https://open.spotify.com/show/2MV6OkJ598NYN3llRjSgGv (Spotify), and https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5jYXB0aXZhdGUuZm0vcmVjZXNzaW9uLXByb29mLw (Google). Follow me on the following platforms: https://www.linkedin.com/in/sam-newell-70336642 (LinkedIn), https://www.facebook.com/samuelcn (Facebook), https://www.instagram.com/samnewellrealestate/ (Instagram), and https://www.youtube.com/channel/UCClcLF9jO5jqJb8LDK7VDlw?view_as=subscriber (YouTube) Tune In and Become Recession Proof!
