The Real Estate Syndication Show

In today's episode  we continued our enlightening conversation with Aleksey Chernobelskiy, an expert in advising both Limited Partners (LPs) and General Partners (GPs) on real estate investments. Aleksey, who has an impressive background managing a $10 billion portfolio at Store Capital and now provides invaluable advice to investors, shared his insights on the often daunting topic of capital calls.Capital calls can be a source of stress for investors, and unfortunately, they're becoming more common in the current economic climate. Aleksey broke down the concept into two types: expected and unexpected capital calls. He emphasized the importance of understanding the difference and being prepared for both scenarios.For LPs who might be facing a capital call, Aleksey provided a step-by-step approach to assess the situation. He stressed the importance of considering whether you have the liquid funds to invest and understanding the legal implications of not participating in the capital call. It's crucial to know the status of your initial investment and to evaluate whether reinvesting through a capital call is the best use of your funds compared to other investment opportunities.One of the key takeaways from our discussion was the need for LPs to approach capital calls as a new investment decision, devoid of emotions. Aleksey urged investors to perform due diligence and ask the right questions to ensure they make informed decisions. He also highlighted the importance of verifying whether the capital call you're facing will be the last one needed for the project.For those looking to dive deeper into the intricacies of capital calls and other investment considerations, Aleksey recommended checking out his articles on his Substack, LP Lessons, where he regularly shares his expertise with the investment community.Remember, whether you're an LP or a GP, being well-informed and prepared can make all the difference when navigating the complexities of real estate syndication. Stay tuned for more insights on the Real Estate Syndication Show, and don't forget to like and subscribe to keep up with the latest in the industry.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

Welcome back to the Real Estate Syndication Show! I'm your host, Whitney Sewell, and today we had the pleasure of speaking with Aleksey Chernobelskiy, an expert advisor for LP (Limited Partner) investors in the real estate syndication space.Aleksey brings a wealth of knowledge from his experience managing Store Capital's $10 billion commercial real estate portfolio and his impressive educational background as a quadruple major from the University of Arizona. He now shares his insights with nearly 2000 investors through his Substack and assists GPs (General Partners) with various aspects of LP relations.In our conversation, Aleksey emphasized the importance of LPs taking their time to understand deals and maintaining a healthy dose of scepticism when evaluating potential investments. He also highlighted the need for LPs to be sensitive to the GPs' position, as they manage inquiries from various investors.We dove into Aleksey 's article on the top 15 syndication mistakes, discussing how LPs should approach deal splits, preferred returns (PREFs), and IRRs (Internal Rate of Return). Aleksey stressed that LPs should not focus solely on IRRs, as they can be misleading and often depend on aggressive assumptions. Instead, he advises LPs to understand the risks and the factors that could impact the deal's success.We also touched on the topic of fees, with Aleksey  explaining the rationale behind acquisition fees and the importance of transparency from GPs. He pointed out that while fees are necessary for GPs to operate, LPs must understand how these fees impact their investment from day one.For those interested in learning more from Aleksey , you can find him on  LinkedIn, and his Substack, where he regularly shares valuable insights into the world of real estate investing.Thank you for tuning in, and don't forget to like and subscribe for more expert advice on real estate syndication. Share the show with your friends and help them become better investors too!VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

In today's episode of the Real Estate Syndication Show, we had the pleasure of speaking with Jonathan Nichols, co-founder of Apogee Capital. Jonathan's unique background in aerospace engineering has provided him with a skill set that has proven invaluable in the world of real estate syndication. He shared insights into how his engineering mindset has influenced his approach to underwriting and risk management in real estate investments.Key Points from Jonathan Nichols:Asset Management: Jonathan stressed the importance of asset management in the success of real estate syndication. He and his wife joined an asset management mastermind to excel in this area, as it's crucial for turning numbers on a page into reality.Debt Strategy: During 2021-22, Jonathan made the conservative decision to avoid high leverage bridge debt, which has paid off as his projects are now benefiting from low-interest, fixed-rate debt.Underwriting Tips: Jonathan provided tips on underwriting, such as being cautious with loan assumption deals and ensuring adequate leverage. He also mentioned the importance of understanding cap rates and their relationship with interest rates.Market Outlook: Jonathan shared his thoughts on the current market, expecting a slow first half of 2024 but reminding listeners of the long-term fundamentals of real estate investing.Advice for Investors: He advised stacking conservatism in reserves for operating expenses and CapEx to prepare for unexpected costs and emphasized the importance of cash flow management.Finding Investors: Jonathan discussed the evolution of finding investors, starting with friends and family, then growing through references, and now exploring social media platforms.Giving Back: Jonathan and his wife are service-oriented and have participated in building homes for families in need, which has been a meaningful way to give back to the community.Listeners can learn more about Jonathan and his work at Apogee Capital by visiting their website, ApogeeMFC.com, or by following him on LinkedIn.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

In today's highlight  episode, we feature Nic McGrue, the founder of Polymath Legal PC, a firm specializing in helping real estate investors lawfully raise capital. Nick shared invaluable insights into the importance of having a legal expert on your team, especially when navigating the complex and nuanced laws and regulations of raising capital for real estate projects.Nic's firm focuses on securities, mainly exempt securities, and assists clients in various industries, including multifamily, fix and flip funds, and self-storage, among others. With a decade of experience in syndication, Nic's practice is heavily centered on this area, making up about 70% of their work.During our conversation, Nic highlighted the recent emphasis by the SEC on disclosures, particularly regarding private funds. He explained that confidential side letters and special terms offered to big investors must now be transparent to all members. This change aims to ensure that all investors are on an equal footing, regardless of the amount they invest.Nic also touched on the common issue of finder's fees and the legalities surrounding them. He clarified that paying for introductions is permissible, but compensating based on the amount of capital raised requires a broker-dealer license. He suggested creative ways to work within the legal framework, such as paying for a time period rather than per investor introduction.Click the links below to listen to the full episodes:https://lifebridgecapital.com/2023/11/01/disclosure-compliance-and-communication-insights-nic-mcgrue/https://lifebridgecapital.com/2023/10/31/mastering-sec-rules-for-multi-family-investments-nic-mcgrue/Remember to like, subscribe, and share the Real Estate Syndication Show with friends to help them gain valuable knowledge about real estate syndication.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

Welcome back to another episode of The Daily Real Estate Syndication Show. Today we've compiled an exciting highlight episode from our recent shows that I'm confident you'll find informative and inspiring.Our  guest today was Ryan Tseko from Cardone Capital, who shared his incredible journey from being a commercial airline pilot to becoming an executive at one of the most recognized names in real estate syndication. Ryan's story is a testament to the power of transition and the transferability of skills from any profession to real estate.Cardone Capital's origin story is a classic tale of starting small and dreaming big. They began with a single $20 million deal and have since grown to manage thousands of units and numerous funds, with their latest, Fund 23, raising over $1.1 billion exclusively from retail investors.Ryan and I discussed the importance of buying in all market cycles and maintaining a long-term outlook, especially in the current economic climate where many are fearful. He emphasized the strategy of purchasing high-quality assets in prime locations and the potential benefits of buying in cash to later refinance when the market is more favorable.We also touched on the significance of investor relations and the proactive approach Cardone Capital takes in reaching out to potential investors. Ryan highlighted the importance of building trust and providing education to investors, which is key to their ability to raise substantial capital for their funds.Thank you for tuning in to today's episode. Remember to like, subscribe, and share the podcast with friends who are looking to learn more about real estate syndication. Until next time, keep learning and investing smart.Click here to listen to the full episodes:https://lifebridgecapital.com/2023/11/02/flight-to-fortune-navigating-real-estates-3-billion-skies-ryan-tseko/https://lifebridgecapital.com/2023/11/03/flight-to-fortune-navigating-real-estates-3-billion-skies-ryan-tseko-part-ii/VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

In this episode of the Real Estate Syndication Show, our guest host Jim Pfeifer speaks to  Grant Reaves, co-founder and managing director of Stoic Equity Partners. They delved into the intricacies of the real estate market, particularly focusing on the value-add multi-tenant flex industrial properties in the Southeast.Grant shared his journey from starting in commercial real estate brokerage right after college to transitioning into the principal side of the business during the COVID-19 pandemic. He and his business partner, Jeremy Friedman, formed Stoic Equity Partners in 2020 and have since been actively involved in underwriting and acquiring properties.Grant provided insights into what flex industrial properties are, typically ranging from 30,000 to 150,000 square feet and housing a mix of office and warehouse spaces. These properties cater to a variety of tenants, including general contractors and service-based businesses.The conversation also covered the current state of the flex industrial market, particularly in secondary cities in the Southeast. Grant highlighted the low supply and high demand, the ability to purchase below replacement cost, and the resilience of these properties to work-from-home trends.For investors looking to vet operators like Stoic Equity Partners, Grant emphasized the importance of examining supply and demand metrics, cash flow from day one, and the operator's in-house capabilities and use of local management and brokers.Listeners can connect with Grant Reaves on  LinkedIn or via email at greaves@stoicep.com . For more information about Stoic Equity Partners, visit stoicep.com.Today’s guest host, Jim Pfeifer, is the Founder & CEO of Left Field Investors – a Community of like-minded individuals interested in creating financial freedom through passively investing in real assets that generate real cash flow. The Community works together to provide education, a network and deal flow for its members. For more information, you can visit www.leftfieldinves, or reach out to Jim via email at jim@leftfieldinvestors.com.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

Welcome back to the Real Estate Syndication Show! I'm your host, Whitney Sewell, and today we continued our insightful conversation with Mark Allen. We delved into the current state of the market, looking ahead from 2023 to 2024, and discussed the strategies top-notch operators are employing to navigate these times.Mark shared his experiences investing with a seasoned operator in the Dallas-Fort Worth area, emphasizing the importance of choosing the right sponsor and understanding micro-locations. He highlighted the operator's extensive background, ranging from mortgage brokerage to owning properties across various markets, and how this experience has been crucial in weathering market downturns.We also touched on the challenges buyers face today, such as interest rate hikes and changing equity appetites. Mark recounted a personal story where a deal was affected by such market shifts, underscoring the volatility and unpredictability in the current environment.For passive investors, Mark's advice was clear: education is key. He urged investors to become well-informed to effectively conduct due diligence on both the deal and the sponsor.On the brokerage side, Mark discussed the importance of data and being proactive in marketing properties. He shared his disciplined approach to work and life, including his morning routine and the struggle to balance technology with family time.Lastly, Mark opened up about his personal commitment to giving back, particularly through mentoring a young man from a lower-income background, and how this aligns with his values and desire to make a generational impact.For those interested in connecting with Mark or learning more about his work, he can be reached through LinkedIn or the GREA.com website.Thank you for tuning in, and don't forget to like, subscribe, and share the Real Estate Syndication Show with friends. Stay informed and empowered in your real estate investments, and I look forward to bringing you more valuable conversations in our upcoming episodes.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

Mark Allen, co-founder and executive director at GREA, talks about the challenges faced by investors in the Dallas-Fort Worth market, including rising interest rates and insurance costs. He emphasizes the importance of quality assets and locations and the operator's experience and financial health in determining deal success. Although distress deals are not prevalent, Mark believes it is still a good time to buy in Dallas-Fort Worth due to adjusted prices and opportunities amidst market volatility.

Welcome back to the daily real estate syndication show. I'm your host, Whitney Sewell, and in today's episode, we had the pleasure of speaking with Ben Spiegel, a General Partner and Portfolio Manager at Redwood Capital Advisors. Ben brought to light the burgeoning asset class of luxury RV destinations, which is gaining more traction than ever before.Ben shared some eye-opening statistics that set the stage for the potential in the luxury RV destination industry. The average age of RV owners has dropped significantly, and there's a stark contrast between the number of new RVs sold and the number of new pads built, indicating a ripe market for development.We delved into the lifestyle changes post-COVID, where millennials are opting for a nomadic lifestyle, valuing experiences over material possessions. Ben explained how this shift has led to a demand for luxury RV communities, which offer a more stable cash flow due to longer average stays compared to RV resorts.Redwood Capital Advisors focuses on new construction of RV communities, emphasizing the benefits of horizontal development, which is less complex and quicker than vertical construction. Ben highlighted the advantages of building communities over resorts, such as lower turnover and operational costs, leading to better operating margins.Ben also touched on the unique financing opportunities available through USDA loans for rural development, which offer favorable terms and help make these projects feasible. He shared insights into the profitability of these luxury RV destinations, including the potential for selling individual pads to owners.As we wrapped up, Ben shared his outlook on the real estate market, expressing caution and advising investors to seek unique opportunities with clear competitive advantages. He also shared his commitment to giving back to the community through volunteering and mentoring underprivileged children.For those interested in learning more about Redwood Capital Advisors and their work in luxury RV destinations, Ben invites listeners to visit their website and connect on with him on LinkedIn.Remember to like, subscribe, and share the Real Estate Syndication Show with friends who are keen on exploring innovative real estate investment opportunities.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/

In our final segment with Kelsey Head, a seasoned CPA with nearly two decades of tax experience, we continue our enlightening discussions on the Real Estate Syndication Show. As the co-founder of Head Tiler LLP, Kelsey shares invaluable insights into tax planning for real estate investors.One key aspect that Kelsey emphasizes is the value of bundling services. Her firm offers a comprehensive package that includes tax returns and year-round planning, ensuring that clients feel comfortable reaching out with any questions without worrying about excessive charges.We also explore when it's appropriate for investors to seek professional tax help. While individuals with straightforward tax situations can handle their taxes online, Kelsey advises consulting a professional when dealing with investments, K-1s, passive losses, or real estate transactions.For those investing out of state, Kelsey stresses the importance of filing taxes in the states where properties are located. This enables the utilization of losses against future gains, which may not be possible if state returns are neglected.When choosing a CPA, Kelsey's advice is simple but crucial: find someone you trust and feel comfortable with. Approachability and a willingness to provide advice without excessive charges for every phone call are essential qualities to consider.We hope this episode provides our listeners with valuable insights to confidently navigate tax planning and select the right CPA. Remember to like, subscribe, and share the Real Estate Syndication Show with friends who can benefit from these expert perspectives.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/