
The Lead Sponsor - Real Estate Investing Through Syndications and Funds
Welcome to The Lead Sponsor Podcast where host David T. Robinson interviews $100M+ real estate investors, syndication sponsors, and investment fund managers from all across the country. We extract their strategies, systems, and secrets to help you on your commercial real estate investing journey.
Latest episodes

Nov 15, 2021 • 30min
An Intro to Recapitalizing Existing Equity - with Jackson Stith | TLS138
Jackson Stith is a principal of SyndiGate Capital, a boutique real estate capital markets firm that focuses on LP recapitalizations, GP recapitalizations and fresh equity raises for new deals. Prior to co-founding SyndiGate, Jackson worked as an executive on the development side of the industry, where he delivered over 9 million square feet over his 15-year career. Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:His early introduction to real estate.Why he switched to the capital market side of the industry.The power of having the right partner.Their business model.Their most common source of engagement.The process of getting their services.How they go through the vetting process.Who covers their compensation.His best advice for someone just starting.KEY QUOTE:“I zeroed in on the secondaries portion of the business - the capital market side of the business where there’s very little liquidity, the market is very thinly traded, and there’s just frankly, not a lot of expertise to actually help you get it done."CONNECT WITH OUR GUEST:E-mail them at jackson@syndigatecapital.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Nov 12, 2021 • 38min
40-Year Single Family Investor Transitions to Multifamily - with Arn Cenedella | TLS137
Arn Cenedella is a real estate broker and investor for over four decades. Life long Silicon Valley resident moved to Greenville SC 2014. Starting in 2020, transitioned my SFR rental portfolio to multifamily properties. Own 1300 units as LP and over 400 units as GP.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:His extensive background in single-family deals.How he transitioned to multifamily investment.How he generated capital to go into LP investments.The details of his 43-unit deal in South Carolina.The structure of the deal.His biggest challenge.His best advice for someone just starting.KEY QUOTE:“It all made sense to me in terms of the ability to scale. The benefits of having more income-producing doors. So the whole kind of thesis made sense to me to go to multifamily.”CONNECT WITH OUR GUEST:Email arn@investwithspark.com Visit their website www.investwithspark.com Call them at 650-575-6114CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Nov 11, 2021 • 37min
Top Renovation Management Mistakes to Avoid - with Van Sturgeon | TLS135
Van Sturgeon is a general contractor and a real estate investor of over 30 years and has a number of successful businesses in the real estate industry. He owns over 1000 doors and is semi-retired from the day-to-day operations of his businesses. Today, Van is focused on helping real estate investors overcome the fears of renovating/rehabbing their properties, and helps empower investors to maintain control over their projects and achieve success.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How his family thrived with their apartment rental.How he built success in his business as a general contractor.His level of involvement in his businesses today.How he provides coaching and consultancy.The framework of engaging his services.The importance of setting goals.The biggest mistakes that are made by multifamily investors.KEY QUOTE:“It's great to find the deals but you gotta have the skill set to deliver. You could take a great deal and screw it up very quickly through the renovation rehab process.”CONNECT WITH OUR GUEST:Visit their website at vansturgeon.com or connect thru Facebook at facebook.com/realvansturgeon.CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Nov 10, 2021 • 40min
The Power of Private Money - with Jay Conner | TLS136
Jay Conner began investing in real estate in 2003. At the start of his career, he relied on his local banker and was able to put together a few deals. However, that also meant coming up with large down payments, paying origination fees, and signing personal guarantees on every deal. After years of feeling owned by the bank and being stressed out, he learned how to buy properties using creative financing, including subject-to and using lease options.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How he learned about private money.How he defines private money.What type of deals he uses private money on.Why he never pitched a deal.The 3 categories of private lenders.The structure of their deals.KEY QUOTE:“I never ask for money. I teach people what private money is -- what private money is about. I teach them my private lending program.”CONNECT WITH OUR GUEST:Visit their website at jayconner.com/ CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Nov 5, 2021 • 35min
From Stay-at-Home Mom to Successful Multifamily Investor - with Jennifer Barner | TLS134
Jennifer is a stay-at-home mom of four that turned real estate investor as her kids were heading off to college. After doing eleven transactions her first year, she now is a GP of 202 doors, invested as an LP in another 533, and has a mix of single-family and small MF that she self manages. She is eager to continue to grow her business with a goal of reaching 1000 doors within the next couple of years. Jennifer has a passion for teaching others and encourages you to reach out should you need assistance getting started or simply wish to connect.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:Where she first learned about real estate.The challenges she faced early on.How she got her 72-unit multifamily deal.If she brings capital partners to her single-family flips.The details of her 130-unit deal in North Carolina.The debt structure of the deal.Her biggest challenge.Her biggest win.Her best advice for someone just starting.KEY QUOTE:“It’s better to invest in your education than lose it on your first deal."CONNECT WITH OUR GUEST:Email jennifer@lighthouse-ventures.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Nov 3, 2021 • 35min
Former Financial Adviser Discovered the Power of Multifamily - with Edna Keep | TLS133
Edna is a Former Certified Financial Planner and discovered the power of real estate in 2007. Since then Edna and her husband Warren have amassed a $75M Real Estate Portfolio primarily multi-family and primarily with OPM. Since 2014 she has been training and coaching real estate entrepreneurs who want to scale their real estate business into multi-family with Investor Capital.Edna Keep, real estate investment teacher and author of Multiple Ways To Wealth: Creating Your Prosperous Lifestyle has a deep understanding of what investors want in a deal. As a former financial advisor, Edna helps connect investors with everyday people who want to create true passive income for the long term. Edna’s team has a portfolio of $75 Million they built in less than 14 years primarily multifamily units and primarily with none of their own money. They have over 778 doors, with 178 units having been added in just the last year.Edna is currently working on a deal that will almost double the number of units her team owns and manages! Her process is proven, and she now shares this system with others through her coaching. In addition to coaching real estate entrepreneurs, Edna lives near Regina, Saskatchewan between Calgary and Winnipeg with her husband Warren and teenage daughters Desiree and Dhani.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How her love for learning has started her real estate journey.Buying a 114-unit apartment building.The mistakes she sees people make in the business.What skill helped her to scale her business.The market she currently focuses in.The details of her 144-unit deal in Saskatchewan.The challenges in student housing.How they structure their deals.Her preference between buying in Canada versus in the US.Her biggest mistake.Her biggest win.Her best advice for someone just starting.KEY QUOTE:“Get a coach and get around like-minded people. It will shorten your learning curve. Being around like-minded people will show you that, YES, you can do it.”CONNECT WITH OUR GUEST:Visit their website at https://ednakeep.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Nov 1, 2021 • 46min
Leaving a Corporate Career to Pursue Multifamily - with Derek Clifford | TLS132
Derek is a multifamily investor who has recently left his W-2 job and is passionate about helping couples achieve financial independence TOGETHER through investing. He and his wife are AirBNB nomads, raising capital and investing in the best value add properties available. Derek and his wife Sophie has placed over $1MM investor capital in 4 syndications and currently holds equity in over 100 units in Texas and Indiana markets.Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time job. He has since retired himself from his job! Today he is a multifamily investor controlling 100+ apartment units with over $10M AUM. He is also an author, and podcast host of the "Elevate Your Equity" show. Derek is also the founder and CEO of Elevate Equity, a firm that partners with individuals and companies to purchase, improve, and operate cash-flowing multifamily apartment real estate. Derek published his first book "Part-Time Real Estate Investing for Full-Time Professionals," in 2019, which has helped several people get started on the path of growing their passive income on the side while working a full-time corporate job.He also loves to give back his knowledge and has a passion for breaking down complex ideas into easy-to-explain topics. He’s helped many people start, maintain, and grow their portfolios to achieve their own financial independence. In his spare time, Derek enjoys relaxing with his wife, biking, hiking, reading, and undertaking small household construction projects.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:Why their real estate journey began by accident.How they managed their careers while working on their real estate business.The importance of monitoring their finances.How they chose the markets they invested in.Their first out-of-state investment.Their transition to multifamily.How they became an unhoused couple.The details of their 36-unit deal in Indianapolis.Their career and business plans.Their biggest mistake.Their biggest win.Their best advice for someone just starting.KEY QUOTE:“I was stuck in analysis paralysis. When I shifted my mindset from a financial incentive to a knowledge incentive... that's when the action happened" CONNECT WITH OUR GUEST:Visit their website at https://elevateequity.orgCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464ARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Oct 29, 2021 • 35min
Scaling and Going Big in Commercial Real Estate - with Nick Simpson | TLS131
Nick is the founder and CEO of Mentis Capital Partners and is focused on multifamily and student housing developments throughout the Southeast. Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How a book has gotten him into real estate investing.His journey with single-family deals.What made him explore commercial real estate.The details of the Ross Building.How he acquired the adjacent buildings for his development.The structure of the deal.The timeline projection for the development.How the debt structure goes for development deals.KEY QUOTE:"If you want less pain and less stress in your life, I'd go with value-add multifamily with cash flow, before you dive into development."“We were really trying to do it all and we were trying to expand to other cities, and do the same thing and then we realized that we didn’t have the connections and I was getting frustrated. I was like, we’re growing but it’s like we could be growing better. So slowly but surely ended up developing one of my main projects that we’re working on now - it’s called The Ross building in downtown Salisbury.”CONNECT WITH OUR GUEST:Visit their website at www.mentiscapitalpartners.com Email: nick@mentiscp.comCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Oct 27, 2021 • 35min
Networking and Closing Deals From a Different Country - Suzy Sevier & Michael Barnhart | TLS130
Suzy and Michael are the Founders of Adventurous Real Estate Investors. They specialize in a different ROI, Return on Impact. They are currently living in Cambridge, England, and are the owners and asset managers of 196 units across Oklahoma and Texas.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:How their real estate journey began during the pandemic.The importance of networking.How they transitioned from single family to multifamily.The challenges they faced in acquiring their first deal.The details of their 100-unit deal in Oklahoma.The structure of that deal.Why building relationships with local banks is important.Their biggest mistake.Their biggest win.Their best advice for someone just starting.KEY QUOTE:“Networking is the lifeblood of commercial real estate investing. That's the way you expedite closing on any kind of commercial real estate.”CONNECT WITH OUR GUEST:Visit their website at https://adventurousrei.com/infoCONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!

Oct 25, 2021 • 37min
Top Multifamily Underwriting Mistakes - with Rob Beardsley | TLS129
Rob oversees acquisitions and capital markets for the firm and has acquired over $100M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:The start of his real estate journey.What made him choose multifamily.How he built his knowledge about the business.How he met his business partner.When is the best time to start a real estate business?The challenges and learnings from his first deal.How he wrote his book.The top mistakes that are made in underwriting deals.The details of his 262-unit deal in Houston.The structure of that deal.His biggest win.His best advice for someone just starting.KEY QUOTE:“It doesn’t matter how good the deal you have is, it's hard and you have to build those relationships, connection, trust, and seal the deal.”CONNECT WITH OUR GUEST:Visit their website at https://lonestarcapgroup.com/Connect with Rob in LinkedIn at http://www.linkedin.com/in/rob-beardsley/CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHAREARE YOU A PASSIVE INVESTOR LOOKING FOR PRE-VETTING COMMERCIAL MULTIFAMILY INVESTMENT OPPORTUNITIES? VISIT CANOVOCAPITAL.COM TO CONNECT WITH US LOVE THE SHOW? Please subscribe, rate, review and share! Thank you!