PassivePockets: The Passive Real Estate Investing Show

Tune in to this special spotlight episode of Left Field Investors as we shine a light on the intricacies of the Corporate Transparency Act with expert syndication attorney Mauricio Rauld. This episode is packed with valuable insights on compliance, penalties, and best practices for LLC owners to navigate this new legislation. Get the inside scoop on what you need to know to ensure compliance and protect your investments!  About Mauricio Rauld Mauricio Rauld is an experienced syndication attorney and former asset protection attorney with a wealth of knowledge in syndications and corporate law. He is well-versed in LLC formation, asset protection, and entity formations, having set up thousands of LLCs over the past 15-20 years. Mauricio’s expertise lies in helping syndicators stay in compliance with federal securities laws and ensuring the protection of limited partners in investment deals. As a co-host of the "Drunk Real Estate" podcast, Mauricio brings a unique and approachable perspective to the legal aspects of real estate investing. His down-to-earth style and practical advice make him a valuable resource for investors navigating the complex regulatory landscape.    Here are some power takeaways from today’s conversation: 00:00 The Best Ever Conference02:52 Who is Mauricio Rauld?03:45 What is the CTA? 04:40 Who gets to see this info?05:30 Who is affected?08:23 What info is needed?10:04 When does this need to be filed?14:13 What are the penalties for not complying?16:16 Who needs to file?22:11 Who can help me comply?23:58 Where to find the report24:57 Thank you for watching This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.       Resources Mentioned:LinkedIn: linkedin.com/in/mauricio-rauld-esq-b2929870Facebook: https://www.facebook.com/mauricio.rauld.9/Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suh -  https://www.leftfieldinvestors.com/books/Podcast Recommendations:Motley Fool Money - https://www.fool.com/podcasts/motley-fool-money/The Walker Webcast - https://www.walkerdunlop.com/webcasts/Advertising Partners:Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/Tribevest - https://www.tribevest.com/Rise48 - https://rise48.com/Vyzer - https://vyzer.co/

Join us on the latest episode of Passive Investing from Left Field, with guest Paul Moore from Wellings Capital. In this episode, we unravel the art of building confidence with LPs, explore the resurgence of preferred equity, and share insights on diversification strategies. Discover Paul's journey from speculator to seasoned investor, gaining actionable advice for consistent returns. Don't miss these gems of wisdom that could steer your investment journey toward consistent returns and stronger strategies.  About Paul Moore  After a stint at Ford Motor Company, Paul co-founded a staffing firm where he was 2x Finalist for Michigan Entrepreneur of the Year. After selling to a publicly traded firm, Paul began investing in real estate. He launched multiple investment and development companies, appeared on HGTV, and completed over 100 commercial and residential investments and exits. He has contributed to Fox Business and The Real Estate Guys Radio and is a regular contributor to Bigger Pockets, producing live shows, recorded videos, and blog content. Paul also co-hosted a wealth-building podcast called How to Lose Money and he’s been featured on over 200 podcasts. Paul is the author of Storing Up Profits – Capitalize on America’s Obsession with Stuff by Investing in Self-Storage (Bigger Pockets Publishing 2021) and The Perfect Investment – Create Enduring Wealth from the Historic Shift to Multifamily Housing. Paul is the Founder and Managing Partner of Wellings Capital, a real estate private equity firm.  Here are some power takeaways from today’s conversation: 03:33 His real estate journey?05:20 Transition from speculator to investor07:32 Preferred equity vs preferred returns09:27 What is preferred equity?14:55 Why aren’t the lenders lending more?16:42 Should the LP know about the preferred equity?04:35 The Evolution of His Real Estate Journey20:29 Are all pref equity the same?30:44 What to look for in the common equity?33:04 How do you protect yourself from deals failing?37:46 How does an LP get into pref equity?30:41 How does the LP evaluate this?43:48 Podcast recommendations44:42 Contact Paul45:05 Thank you for watchingThis show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    Resources Mentioned:Contact the Guest:Instagram- @paulmooreinvestFacebook- @wellingscapitalLinkedIn- https://www.linkedin.com/in/paul-moore-3255924/Email- paul@wellingscapital.comAvoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve SuhPodcast Recommendations:Motley Fool MoneyThe Walker WebcastAdvertising Partners:Left Field Investors - BECTribevestRise48Aspen FundsGSP REISpartan Investment GroupVyzer

Jeremy Roll, a seasoned market observer, explores current market investments and real estate investment strategies. He shares valuable advice on what LP investors should prioritize. Topics include assessing investments, foreclosures, communication from the general partner, risk-adjusted returns, and choosing reliable partners.

Jeremy Roll, an expert in passive real estate investing, discusses the importance of due diligence and investment documents. He shares his current investment strategies and insights on market investments for the next decade. The podcast also explores the significance of protecting sponsors with operating agreements and the decision-making process in capital calls. Additionally, it highlights the necessity of completing a business plan and analyzing location in real estate investing.

Join us on the latest episode of Passive Investing from Left Field, as we dive deep into the world of commercial real estate investing with special guest Ryan Gibson, co-founder of Spartan Investment Group. Ryan, formerly an airline pilot turned real estate mogul, shares the turbulent journey of transitioning into the self-storage industry and the strategies that propelled him to success. Discover the exciting opportunities and hurdles of syndicated investments, the significance of transparent investor communication, and innovative ideas for generating passive income.About Ryan GibsonRyan Gibson is a co-founder of Spartan Investment Group and a former airline pilot who made a successful pivot to real estate investing, focusing on self-storage. His entrepreneurial spirit was evident early on when he provided affordable housing for pilots through organized crash pads. Today, his expertise and leadership have contributed to the growth and resilience of his company amidst market fluctuations and financing challenges. Ryan also hosts the Passive Income for Pilots podcast, sharing valuable insights on building passive income. With a strong emphasis on managing investor expectations and capital preservation, his strategic approach to investment, particularly in ground-up development and value-added projects, has made Ryan a recognized voice in the passive investing community. Here are some power takeaways from today’s conversation:00:00 The Best Ever Conference01:31 Tribevest Ad02:03 Coming Up02:22 Intro02:40 Welcome to the show03:43 Ryan’s journey into  real estate investing07:45 What are pilot crash pads 10:36 How he got his start in real estate investing11:50 Where is the market at right now15:36 Disruption is good for self-storage19:20 Who Is buying from who21:21 Viking Ad22:08 Rise 48 Ad22:37Tyler Longview's portfolio25:56 How he handles challenges26:49 Buying multiple properties32:43 Investor expectations38:29 Types of development43:57 Recommended podcast44:41 Contact45:03 Aspen Fund Ad45:46 Vyzer Ad46:31 Guest Overview49:52 Outro50:18 Disclaimer Episode Highlights:1.  Ryan Gibson, co-founder of Spartan Investment Group and former airline pilot, shares his journey from pilot crash pads to successful self-storage real estate investing and hosting a podcast for high-earning professionals.2. The episode covers Ryan's experiences with the challenges of financing and selling properties in a fluctuating market and his strategic approach to overcoming those challenges including transparent communication with investors and prioritizing capital preservation.3. Ryan discusses the intricacies of deal structuring and the benefits of ground-up development in the self-storage industry, highlighting how they manage risks and expectations as detailed in the Private Placement Memorandum.4. Industry insights reveal that self-storage thrives on disruption and that the market conditions currently favor development projects, amidst issues such as decreased demand due to a slowdown in home sales and moves.5. The significance of the self-storage market is emphasized with the business still being strong and attractive to investors, despite some portfolios facing struggles.This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Contact The Guest: LinkedIn Instagram Facebook YouTube Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve SuhPodcast Recommendations:Motley Fool MoneyThe Walker WebcastAll In Podcast Advertising Partners:Left Field Investors - BECTribevestRise48Aspen FundsGSP REISpartan Investment GroupVyzer

Sam Wilson, expert in laundromat investing, shares his journey and the profitable nature of laundromats. He discusses strategies to increase revenue, explore diverse investments, and provide recession-resistant income streams. Sam's expert tactics for standing out in a traditional industry are also highlighted. This episode is a must-listen for those interested in alternative, cash-flowing real estate assets.

Want to take a look into an alternative model for investing in commercial real estate? In this episode, we’re joined by Andy Sinclair, CEO and Principal of Midloch Investment Partners, to talk about their unique approach to investing in the Midwest market. Andy explains Midloch's strategy of partnering with local operators through joint ventures, co-GP positions, and preferred equity investments. Learn how they evaluate investment opportunities and vet potential operator partners, and how they find value-add opportunities. About Andy SinclairAndy Sinclair, CEO of Midloch Investment Partners, brings over 16 years of experience in commercial real estate. He focuses on Midwest investments, particularly in multifamily and industrial/warehouses through JV partnerships and preferred equity.  Here are some power takeaways from today’s conversation:[04:31] Andy’s journey to becoming an operator [08:11] The difference between joint ventures, co-GP positions, and preferred equity investments[11:24] What is an anchor investor?[17:26] How LPs can benefit from Midloch[23:19] Midloch's contrarian approach in the smile states[39:44] Reacting to adversity: the true measure of an investorEpisode Highlights:[08:11] The Difference Between Joint Ventures, Co-Gp Positions, and Preferred Equity Investments Joint venture (JV) equity: Midloch brings capital to the deal and acts as the anchor investor/majority shareholder. As a real estate operator, they also provide resources to help the property perform better. Co-GP investments: Similar to a JV where Midloch owns the majority stake, but they maintain sole voting rights and control over major decisions like an operator would. Preferred equity: A hybrid investment that is not fully equity or debt. Investors get a preferential dividend like interest payments and a capped annual return, usually around 15%. They are senior to common equity in terms of risk. This fills the "gap financing" need between senior debt and common equity. [11:24] What is an Anchor Investor?An anchor investor is the majority shareholder in a real estate deal, usually owning anywhere from 51% to 95% of the total equity investment. As the anchor investor, they provide the bulk of the capital for the project/property and take on more risk than smaller investors. They have significant control and voting rights over major decisions since they have the largest financial stake in the outcome of the investment.[17:26] How LPs can Benefit from Midloch Diversification - As LPs in Midloch's funds, they get a small pro rata slice of each deal, providing a diversified portfolio across property types, markets, and investment structures. Better deal terms - As the anchor investor on deals, Midloch is able to negotiate better terms like lower management fees, preferred returns, and promote splits than operators could get on their own. These benefits pass to LPs. Resources and governance - Midloch brings additional resources to deals beyond just capital, like relationships, expertise, and oversight/governance. This helps reduce risk for LPs. Stable returns - Midloch aims to produce stable, lower-risk returns through value-add strategies rather than relying solely on appreciation or high-risk moves. This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Midloch Investment PartnersEmail: andy@midloch.com Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve SuhPodcast Recommendations:Motley Fool MoneyThe Walker WebcastAdvertising Partners:Left Field Investors - BECTribevestRise48Aspen FundsGSP REISpartan Investment GroupVyzer

Discover the secrets of multifamily investing with SNS Capital Group's Jered Sturm. Gain valuable insights into their hands-on approach to property management and increasing NOI. Jered also shares tips for passive investors on evaluating sponsors and navigating economic changes. About Jered SturmJered Sturm is the CEO and co-founder of SNS Capital Group, a multifamily owner, operator, and syndicator focused on the Cincinnati, Ohio market. Over the past 16 years, Jered and SNS Capital Group have acquired over 1,300 multifamily units in Cincinnati through syndication and value-add investing in distressed properties.Here are some power takeaways from today’s conversation:[04:36] Real estate investing journey from maintenance tech to multifamily syndicator[08:57] Understanding the core competencies of syndication sponsors[13:30] How to figure out the sponsor’s core competency[15:24] What it means to be a good operator[18:28] The pros and cons of being in on Emarket and one asset class[19:48] The importance of effective quality property management[21:03] The concept of forced value[27:13] Handling poor management issues[33:47] Investment strategies and debt managementEpisode Highlights:[08:57] Understanding a Sponsor's Core Competency: Keys to Evaluating a Syndication Firm's True StrengthsWhen evaluating a syndication sponsor, it's important to understand their core competencies - what they are truly best at. Some key things discussed in this episode include: Operations vs sales/marketing - The sponsor's background can provide clues. For example, experience in property management vs capital raising firms. Track record of performance - Has the sponsor proven success creating value through their claimed core competency over multiple deals and market cycles? Culture and people - Are employees happy and retained long-term, indicating a strong operational culture? Google reviews can provide insights. Debt strategy - How the sponsor finances deals reveals their risk tolerance and ability to weather downturns. Fixed-rate debt provides more predictable cash flows. Market focus - Narrow geographic and asset class focus allows deep local expertise but lacks diversification. The best way for passive investors to evaluate a sponsor's core competency is by verifying their claims - speaking to previous investors, reviewing property performance, and ensuring philosophies align. This due diligence helps identify sponsors truly skilled in value creation versus those relying on sales/marketing abilities.[15:25] What Makes a Good OperatorA good multifamily operator has a proven ability to maximize property performance through hands-on management focused on tenant satisfaction, continuous expense optimization, and value-added renovations. They leverage deep local market expertise, a results-oriented culture, and data-driven methods to consistently drive occupancy, rents and NOI higher than industry peers. This hands-on, performance-focused approach is demonstrated through a track record of acquiring distressed assets and creating significant forced appreciation through superior property management and operational efficiencies.This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:www.snscapitalgroup.com Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve SuhUse this for book links: https://www.leftfieldinvestors.com/books/ Podcast Recommendations:Huberman Lab PodcastAdvertising Partners:Left Field Investors - BECTribevestAspen FundsRise48Vyzer

Wondering why you should avoid investing in D-class properties? Charles Carillo explains the challenges and risks associated with these properties. From ongoing tenant issues to higher maintenance costs, D-class properties require intensive management. Plus, Charles explains why you need to prioritize cash flowing properties that maintain their value even during market fluctuations. It's all about weathering the storm!About Charles CarilloCharles Carillo, the managing partner of Harborside Partners, is an experienced real estate investor with a $200 million investment track record. Inspired by his father's involvement in multifamily properties, Charles began investing himself in 2006 and has since grown his portfolio with multifamily and mixed-use properties. He also hosts The Global Investors podcast, where he interviews other real estate professionals. Here are some power takeaways from today’s conversation:[04:17] Charles’ real estate investing journey[07:36] What you need to know when dealing with D-class properties[11:00] Real estate investing strategies and dealing with market changes[16:39] Adapting debt structures[20:01] What makes cash flow in real estate so desirable[32:41] Capital calls in real estate investing[35:42] Evaluating real estate syndicatorsEpisode Highlights:[07:36] Why Avoid Investing in D-Class PropertiesWhen dealing with D-class properties, expect ongoing tenant issues, higher maintenance costs, and declining neighborhoods. Financing can be difficult, and intensive management is required. Long-term appreciation may be limited in these areas. To mitigate potential risks, it is crucial to invest in higher-quality properties and adopt a conservative approach to financing. By doing so, investors can navigate these challenges and make sound investment decisions.[20:01] The Power of Cash Flow From Real EstateCash flow from real estate is highly desirable for several reasons. Firstly, it ensures the self-sufficiency and resilience of properties, enabling them to withstand economic downturns. Additionally, cash flow provides a consistent income stream, appealing to investors seeking reliable returns. Furthermore, properties with positive cash flow can be held long-term, benefiting from appreciation over time and generating capital gains. Moreover, cash flowing deals are less risky than those relying solely on appreciation, as tenant income provides greater security. Lastly, cash flow affords operators the flexibility to sell based on market conditions, maximizing sale proceeds. This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned:Harborside PartnersGlobal Investors podcastLinkedIn: @charlescarilloUse this for book links: https://www.leftfieldinvestors.com/books/ Podcast Recommendations:Macro Voices PodcastAdvertising Partners:Left Field Investors - BECTribevestGSP REISpartan Investment GroupRise48Aspen Funds

If you're interested in learning from experienced operators, this is an episode you'll want to listen to. Multifamily syndicator Gary Lipsky provides a lot of practical advice for both passive investors and those looking to syndicate deals. Having done over $250 million in real estate deals, Gary shares great insights into asset management, a critical but often overlooked part of deal performance. Gary discusses how he actively manages his properties to hit financial targets and extract maximum value.About Gary LipskyGary Lipsky, president of Break of Day Capital, has successfully completed over $250 million in real estate transactions as a multifamily syndicator. Starting in 2002 with his family's first house, which he turned into a rental property when they moved, Gary gradually ventured into single-family rentals before transitioning to real estate full-time in 2016. With a focus on value-add multifamily deals in Phoenix and Tucson, he averages around four deals per year, including his first syndicated deal, a 42-unit apartment complex in Tucson, Arizona. Here are some power takeaways from today’s conversation:[06:54] Gary’s real estate investing journey[11:03] Defining roles: asset managers versus operators[15:55] The challenges of asset management[18:56] How LPs (Limited partners) should evaluate their asset management approach[33:42] How strategic investments in Tucson yielded remarkable returns[40:33] Real estate investing with a focus on asset managementEpisode Highlights:[15:55] The Challenges of Asset ManagementIn the realm of asset management, the landscape has become increasingly challenging. With loan covenants becoming stricter than ever, it is crucial to have a comprehensive understanding of aspects like earnouts and penalties. The reporting process for loan covenants has also become more time-consuming, demanding significant resources. Failing to execute the business plan can lead to complications such as cash calls or capital calls, putting the overall performance at risk. It is crucial to allocate resources effectively and ensure adherence to loan covenants to maintain a high level of success in asset management.[19:04] How LPs Should Evaluate DealsHere are some key things Limited Partners (LPs) should do to properly evaluate deals: Ask who specifically is the asset manager and if they can be part of the interview process. The asset manager is critical for deal performance. Inquire about the asset manager's typical day-to-day responsibilities and the number of properties they oversee. Fewer is better. Request to see the dashboard of Key Performance Indicators (KPIs) that are tracked and how often the sponsor checks in on them. Find out how frequently the asset manager communicates with property management and visits each property in person. More contact is better. Ask what questions the sponsor asks property management during check-ins to ensure they are executing the business plan. Determine how transparent the sponsor is about sharing actual property performance versus budgets. Any variations should be explained. Thoroughly vet the sponsor's communication approach, especially during challenges, to ensure they are responsive. This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.Resources Mentioned: Break of Day Capital Real Estate Investor PodcastPodcast Recommendations:Driven By InsightAvoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve SuhAdvertising Partners:TribevestRise48Aspen FundsGSP REIVyzer