
Real Estate Underground
Welcome to Real Estate Underground, your go-to podcast for aspiring and seasoned multifamily real estate investors looking to elevate their game. Join us as we delve deep into the world of multifamily investments and syndications, unearthing the secrets, strategies, and insider knowledge that can help you build wealth through real estate.We bring you candid weekly conversations with some of the industry's most experienced and successful multifamily investors, operators, and syndicators. We also dabble in other asset classes. These professionals share their hard-earned wisdom, challenges, and triumphs, providing you with the tools and insights needed to buy your first or next investment property confidently, one episode at a time.Subscribe now and join the Real Estate Underground community, where we empower you to make smarter investment decisions and create lasting wealth through multifamily real estate.
Latest episodes

Dec 3, 2024 • 34min
From 30 to 300 Units: The Power Of Systems To Buy Back Your Time and Prosper, with Andrew Freed
Send us a textUnlock the secrets of real estate success with Andrew Freed of Freedom Management as he shares his transformative journey from a traditional career to becoming a thriving real estate investor. Inspired by "Rich Dad, Poor Dad" and the turbulence of the COVID-19 pandemic, Andrew chose to forge a new path towards financial freedom. Discover how he strategically invested in multifamily properties in Worcester, Massachusetts, leveraging home equity and the power of syndications to expand his portfolio from 30 to an impressive 300 units across three states.Navigate the financial complexities of a burgeoning real estate business with Andrew as he discusses the pivotal role of hiring a controller. Learn about the crucial responsibilities involved, from crafting materials for investors to tracking key financial metrics like the global debt service coverage ratio. Andrew shares insights on managing multiple LLCs and commercial loans and emphasizes the importance of automating and delegating tasks. With a focus on key performance indicators such as revenue trends and vacancy rates, this episode is a masterclass in efficient property management.Andrew also highlights the power of mentorship and learning from past mistakes in achieving success. The law of reciprocity, taking initiative, and building meaningful relationships are central themes, showcasing how these principles have propelled his career forward. Engage with Andrew as he shares how successful individuals consume information through books, podcasts, and masterminds, and how he himself is committed to offering educational content on investing through social media. Prepare for a wealth of knowledge and inspiration from Andrew Freed's real estate journey, and find out how you too can follow in his footsteps.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Nov 26, 2024 • 33min
Empowering Teams and Communities through Home Ownership Opportunities, with Dale Wills
Send us a textUnlock the secrets of successful real estate development and investment as we sit down with Dale Wills from Centra Companies. Discover how Dale transitioned from banking and construction to shaping entire communities like Saratoga Springs, Utah. Learn how Centra Companies thrived by transforming distressed properties post-2008 market crash into flourishing assets, partnering with banks to create win-win scenarios. Dale opens up about his strategic approach in various sectors, including land development for single-family homes, build-to-rent housing, and multifamily projects, sharing invaluable insights for both seasoned and aspiring developers.Ever wondered how to make affordable housing work amidst skyrocketing costs? Dale breaks down innovative strategies for developing entry-level homes and townhomes, emphasizing the importance of targeting the right market segments. We explore the burgeoning Build-to-Rent market and delve into the legislative landscape affecting corporate ownership of residential properties. Dale's perspective on rental trends and housing strategies offers a fresh take on navigating challenging economic times while meeting the evolving needs of today's renters.We also explore Centra Companies' groundbreaking employee benefit program, where team members can purchase homes at cost, fostering a culture of shared success. Dale discusses how this initiative, alongside operational efficiencies achieved through trade partnerships and automation, empowers his team and ensures project predictability. Beyond business, we touch on Dale's passions for outdoor activities and BYU sports, revealing the personal motivations that drive his professional accomplishments. Connect with Dale on LinkedIn to learn more about his work and insights at Centra Capital Partners.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Nov 19, 2024 • 25min
Unlocking Financial Freedom: Mark Willis's Whole Life Insurance & 'Buy, Borrow, Die' Strategy
Send us a textUnlock the secrets to financial freedom with our special guest, Mark Willis, a certified financial planner and best-selling author. Discover how Mark transformed his life from being overwhelmed with debt to mastering innovative financial strategies that can empower you too. In this engaging episode, we promise to reveal how whole life insurance policies can be your ticket to greater financial autonomy, serving as personal lines of credit without the red tape of traditional banking. Mark's compelling insights illustrate how these tools can supercharge your real estate investments and create additional income streams for retirement.Join us as we explore the "buy, borrow, die" tax strategy and how similar methods can be within reach for everyday investors using whole life insurance. Mark sheds light on the Bank on Yourself strategy, emphasizing its potential to provide financial security when conventional banks might not. With expert guidance, avoid pitfalls and discover the potential impact on your credit and retirement strategies. Mark also shares resources—including a free book—to help you on your journey to financial independence. Whether you're a seasoned investor or just starting, this episode offers invaluable advice to help you navigate the path to financial security.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Nov 12, 2024 • 43min
Unlocking Real Estate Syndications: Legal Insights with Richard Crouch
Send us a textDiscover the secrets of real estate syndications with Richard Crouch, a distinguished attorney whose legal expertise spans 19 states. Richard sheds light on the intricate world of real estate law, offering insights into topics like historic tax credits and opportunity zones that can reshape your investment strategies. Learn why "time kills deals" and the importance of transparency and honesty in legal advising. Richard's journey into law is filled with lessons from mentors who emphasized the value of admitting when you don't have all the answers but committing to finding them.Explore the complexities of distinguishing between accredited and sophisticated investors under Rule 506(b) of Regulation D and the strategic considerations between joint ventures and syndications. Richard explains how deal size and complexity influence investment structure choices and delves into unique arrangements like tenants in common, especially in 1031 tax-deferred exchanges. Understand the legal and financial frameworks that guide real estate investments, ensuring you're equipped to make informed decisions in a challenging market.Navigate the compliance maze of the Corporate Transparency Act with insights on FinCEN reporting requirements and the repercussions of non-compliance. Richard shares his personal and professional purpose, emphasizing the value of mentorship and the meaningful connections that drive success beyond mere financial achievements. Embrace honesty and transparency as vital tools for maintaining a stellar reputation, and find inspiration in Richard's personal passions, including his commitment to running races with Team Hoyt. Get ready to enrich your understanding of real estate law and the drive to achieve client success.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Keyholders Collective is an exclusive community of accomplished, high-integrity and collaborative real estate entrepreneurs and investors. To learn more, go to: KeyholdersCollective.com Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Nov 5, 2024 • 35min
How Pete Neubig Balances Business Success With Well-Being
Send us a textHow does a journey from real estate investor to CEO inspire a quest for financial freedom and purpose? Join us as Pete Neubig, the visionary behind VPM Solutions, shares his incredible path from managing Class D properties to pioneering a new model in remote property management. Pete reveals the pivotal moments, challenges, and personal growth that have shaped his career, offering listeners a wealth of insights into the real estate industry. Discover the lessons learned from overseeing properties in low-income areas and the transformative decision to venture into third-party management.Explore the intricacies of property management with Pete Neubig as your guide. We tackle the tough realities of handling tenant evictions, theft, and costly repairs, as well as the legal hurdles that come with third-party management. Pete candidly discusses the pain points and the importance of a clear buying strategy, likening property ownership to a marriage with its demands and commitments. Amidst these challenges, he identifies the opportunities often overlooked by realtors and property managers, while explaining how near-shoring and a marketplace model are revolutionizing remote team integration through comprehensive training and certifications.Beyond business, Pete's commitment to health and fitness shines through, proving that a balanced lifestyle is within reach. Hear about his inspiring journey from 189 pounds to a healthy 165, and his dedication to staying active. Pete’s story is not just about real estate; it’s about resilience, reinvention, and reaching out for a life that aligns with one’s purpose. For those interested in learning more or connecting with Pete, he shares his preferred communication channels, offering yet another opportunity for listeners to be part of this exciting conversation. Join us for an episode packed with insights, inspiration, and practical advice.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Oct 29, 2024 • 25min
Decoding Real Estate Success with Jim Remley: From Brokerage Building to TikTok Tales
Send us a textUnlock the secrets of real estate success with Jim Remley, a seasoned professional whose career spans over three decades. From a remarkable start listing 150 properties in just his second year to building and selling a 17-office company before the 2006 crash, Jim brings invaluable insights to the table. Discover his strategies for recruiting and retaining top talent, the nuances of fostering the right culture within a brokerage, and how his eRealEstateCoach program can elevate your business to new heights.We also tackle the complexities of real estate transactions and the often-overlooked challenges faced by unrepresented buyers. Learn why negotiating buyer agent commissions could be more impactful than you think, and how emotional and psychological factors play pivotal roles in selling a home. With insights into the varying state regulations and the investor mindset, we paint a comprehensive picture of the current real estate landscape, equipping you with the knowledge to navigate this ever-evolving market.Balancing work-life with continuous learning is no small feat, but our discussion reveals how it's possible—and rewarding. We draw inspiration from leaders like Jimmy Iovine and authors like Robert Cialdini, Brene Brown, and Angela Duckworth to explore the art of servant leadership and personal growth. And for a touch of humor, hear about the unexpected rewards of becoming a micro-influencer on TikTok, complete with a joyous story about socks that perfectly rounds off an episode filled with valuable insights and light-hearted moments. Join us on this journey as we celebrate the big wins and the small victories along the way.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Oct 22, 2024 • 46min
Mastering Market Selection for Real Estate Investors with John Casmon
Send us a textEver wondered how to transform a corporate career into a thriving real estate investment empire? Join us as we chat with John Casmon of Casmon Capital Group, who shares his remarkable journey from navigating the 2008 economic downturn to managing a portfolio of over $100 million in assets. Listen as John offers invaluable insights into market selection strategies, focusing on the Midwest and Southeast regions. Discover how he identifies promising areas by targeting neighborhoods adjacent to emerging hotspots and the crucial role of assembling a reliable team of property managers, brokers, and professionals in managing investments across diverse markets.Explore how John transitioned from solo investing to building scalable partnerships, emphasizing the power of networking and mentorship. Learn how he leveraged platforms like BiggerPockets to connect with local experts and the importance of forming strong teams for understanding market dynamics. John's story highlights the significance of confidence, credibility, and connections in raising capital for multifamily real estate, and how podcasting can be a powerful tool for expanding networks. Through this conversation, we unravel the complexities of multifamily syndication, financing strategies, and the potential for larger investments.Shifting perspectives from seeking help to offering genuine investment opportunities can significantly enhance effectiveness in raising capital. We delve into the mindset needed for success, both personally and professionally, exploring how acting with confidence and providing valuable investment options can shift conversations from pleas to opportunities. Additionally, we touch on how John balances parenting with a real estate career, finding joy in coaching youth sports and spending quality time with his family. This episode is packed with strategies for growth, resilience, and achieving a successful life balance.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Keyholders Collective is an exclusive community of accomplished, high-integrity and collaborative real estate entrepreneurs and investors. To learn more, go to: KeyholdersCollective.com Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Oct 15, 2024 • 31min
Breaking Barriers for First-Time Buyers: Insights from Frank Rhodes, CEO of Ownify
Send us a textDiscover the future of homeownership with Frank Rode, CEO of Ownify, as we uncover innovative solutions for first-time homebuyers. Learn how Frank's unique equity-based approach is revolutionizing the traditional home buying model. With the support of investors, aspiring homeowners can gradually build equity in their homes, turning dreams into tangible reality. This episode promises insights into overcoming the down payment hurdle and offers a fresh perspective on real estate financing.We also tackle the multifamily real estate market's complexities, from rising debt costs to supply-demand imbalances. Explore Ownify's strategic approach to mitigating these challenges by fostering an ownership mentality among tenants, ultimately reducing maintenance costs and enhancing investor returns. Frank shares the company's successful funding strategies and the importance of collaborating with friends, family, and interested parties to secure promising returns.Looking ahead, we highlight Ownify's exciting expansion plans in the Raleigh-Durham area and beyond. Frank discusses how merging impact investing with attractive returns is key, utilizing proprietary technology and third-party data for robust underwriting and valuation. In addition, he offers valuable career advice and reflects on balancing family life with professional ambitions. Whether you're an aspiring homeowner or a potential investor, this episode is packed with insights and opportunities for impactful partnerships with Ownify.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Oct 8, 2024 • 28min
Navigating Challenges through Strategy & Faith with Randy Langenderfer
Send us a textDiscover how Randy Langenderfer made the bold leap from the corporate world to thriving in the realm of real estate investment, focusing on multifamily properties in the Sunbelt region of the U.S. Randy, from InvestArk, shares his unique strategies for achieving impressive cash-on-cash returns and internal rates of return. Through compelling stories of transforming a mismanaged Class A property in Houston and a Class C property in Tucson, listeners will gain insights into the importance of effective management and recognizing market potential.As we examine the intricate landscape of real estate investing, we confront the thorny issues of escalating insurance costs and property taxes that plague investors, especially in areas like Houston. Learn about techniques for navigating these challenges, from implementing master policies to contesting taxes annually. Plus, Randy introduces Multifamily Maestros, an educational series that arms investors with essential knowledge and strategies honed over a decade in the business.Beyond the spreadsheets, Randy shares a heartwarming perspective on success, emphasizing faith, family, and a purposeful life. He reflects on personal growth and the profound impact of community service, such as volunteering with Meals on Wheels. For those eager to learn more, Randy offers opportunities for mentorship and deeper discussions on his journey and insights, encouraging listeners to reach out through social media or his platforms, InvestArk and Multifamily Maestros.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital

Oct 1, 2024 • 31min
From Pushing Tin to 345 Units: Shawn DeMartile's Multifamily Real Estate Adventure
Send us a textWhat happens when you trade a high-stress career in air traffic control for the unpredictable world of real estate investing? Sean Demartel from Takeoff Capital shares his compelling journey with us, revealing how a quest for a different lifestyle led him to multifamily real estate investing. Sean candidly recounts the bold move of teaming up with two colleagues to pool their resources—even liquidating their 401ks—to purchase their first 32-unit apartment complex. Through calculated risks and a keen eye on balancing potential losses with potential gains, Sean and his team have successfully amassed 345 multifamily units. Listen to Sean’s story of courage and determination, and gain insights into the art of assessing risk while chasing your dreams.In this episode, we unravel the complexities of raising capital and the art of reinvesting success in the real estate market. We discuss the pivotal role of high occupancy rates and how transitioning from marketing to mathematical analysis can make or break a property deal. Sean draws from a real-life example to illustrate the hurdles of securing additional financing for renovation projects and stresses the importance of transparency and trust-building with investors. It's a reminder that success in this field isn't just about numbers; it’s also about nurturing relationships and maintaining open communication.Discover the pivotal strategies and mentorship that have guided Sean through the real estate landscape. From setting up tenancy in common to mastering prudent underwriting practices, Sean shares invaluable lessons learned from his journey. He underscores the importance of starting on the right foot to avoid IRS scrutiny and embraces continuous learning as a habit of successful business leaders. Connect with Sean through his personal and company websites to learn more about his ventures and gain further insights into his inspiring story.Clark St Digital helps you grow your real estate company with:Amazing Overseas Talent who cost 80% less than their US equivalentsDone-For-You subscription servicesDone-For-You project servicesGo to ClarkStDigital.com to schedule your free strategy meeting. Additional Resources: Clark St Capital: https://www.clarkst.com Clark St Digital: https://www.clarkstdigital.com Keyholders Collective: https://www.keyholderscollective.com Podcast: https://bit.ly/3LzZdDx Find Us On Social Media: YouTube: https://www.youtube.com/@clarkstcapital LinkedIn: https://www.linkedin.com/company/clark-st-capital Twitter: https://twitter.com/clarkstcapital1 Facebook: https://www.facebook.com/ClarkStCapital Instagram: https://www.instagram.com/clarkstcapital
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