PassivePockets: The Passive Real Estate Investing Show

Join us for an engaging episode of Passive Investing from Left Field! In this episode, host Chad Ackerman engages in a compelling conversation with Chihiro Kurokawa, Director in the private equity practice at ZT Corporate. Kurokawa shares his journey from being a solo multifamily syndicator to a key figure in a boutique private equity firm.Gain exclusive insights into the resilience of service revenues during economic downturns, the significance of diversification across asset classes, and effective strategies in the competitive realm of private equity. Delve into Chihiro's wealth of experience as he discusses the importance of thorough due diligence, community involvement in vetting deals, and the power of teamwork in business.For passive investors seeking illuminating discussions on making informed investment decisions and navigating the intricacies of blending different asset types, this episode is a must-watch.  About Chihiro Kurokawa Chihiro is a Director in the private equity practice at ZT Corporate, a boutique private equity firm with investment opportunities for accredited investors. The firm was founded in 1997 and has since cycled over 15 portfolio transactions representing 50+ assets. Currently the firm has an enterprise value of over $1.2 billion with holdings in medical/healthcare, branded auto dealerships and commercial real estate.    Here are some power takeaways from today’s conversation:02:21 His real estate investment journey08:06 Diverse business12:35 Deal offering structure16:30 Is this a great time to get into commercial real estate?20:42 Comparing the metrics23:02 What market he focuses on24:25 Mitigating risk28:26 Lessons learned in investing30:50 Contact Chihiro31:21 Podcast recommendations32:28 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:LinkedInhttps://www.linkedin.com/in/cgkurokawa/Instagramhttps://www.instagram.com/cgkurokawa/Facebookhttps://www.facebook.com/chihiro.g.kurokawa/Podcast Recommendations:Acquired https://www.acquired.fm/Advertising Partners:Left Field Investors - BEC - https://www.leftfieldinvestors.com/bec/Tribevest - https://www.tribevest.com/Rise48 - https://rise48.com/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/Vyzer - https://vyzer.co/

Join us on the latest episode of Passive Investing from Left Field, with guest Ron Lockhart.In this episode, discover invaluable insights into successful strategies for limited partners, the impressive benefits of affordable and workforce housing, and the high-return potential of real estate syndication.Whether you're an accredited investor or simply looking to learn more about the commercial real estate market, this episode is your ticket to staying informed.  About Ron Lockhart Ron Lockhart is the Co-Founder of GSP REI and serves as one of the Company's Managing Partners. His chief responsibilities include strategic planning and oversight of the company’s vision. Mr. Lockhart oversees and works to streamline the company’s operations in both real property and mortgage acquisitions, as well as project and property management.Mr. Lockhart brings over 20 years of combined real estate investing experience to the company. Prior to founding GSP REI, Mr. Lockhart was President of LaSalle Properties One a regional real estate consulting firm that focused on assisting companies and institutions with the execution of their real estate acquisition, development, management and finance goals. While at LaSalle Properties One, Mr. Lockhart developed an end to end in house solution for clients that included planning, construction, asset and property management. One of LaSalle Properties One’s key initiatives was to invest alongside its clients in growth areas where there was an under supply of rental housing. Prior to LaSalle Properties One, Mr. Lockhart founded Lockhart Building and Investment Company which specialized in the construction and redevelopment of real estate in the Mid-Atlantic region. Mr. Lockhart has been directly involved with the investment, development and construction of single family, multifamily and mixed use real estate since graduating from Washington College in 1996.     Here are some power takeaways from today’s conversation:03:28 His real estate journey08:39 Affordable housing vs workforce housing10:03 Section 813:38 How he invests in certain markets16:44 Finding properties25:16 Are there any other government subsidies that help25:55 How does he structure property management28:26 Is there a problem with the owners of the adjoining properties29:42 Using debt to fund the properties33:00 How to analyze this as an LP36:07 Funds overview38:35 Podcast recommendations 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 - https://www.linkedin.com/company/gsprei/Facebook - https://www.facebook.com/GSPREIFUNDSYouTube - https://www.youtube.com/channel/UCoqbrxOgNuhgzS58qia3UawPodcast Recommendations:Real estate syndication show - https://www.youtube.com/c/TheRealEstateSyndicationShowAdvertising Partners:Tribevest - https://www.tribevest.com/Rise48 - https://rise48.com/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/Vyzer - https://vyzer.co/

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