Capital Club

Ricky Novak is the Co-founder of the Strategic Group. He has spent his career working at the intersection of real estate, tax, and private equity. He works directly with high-net-worth investors & family offices and is the trusted advisor to these clients. His expertise focuses on real estate private equity, tax-deferred 1031 exchanges, Delaware statutory trust (DSTS), tax-deferred opportunity zone funds, and numerous federal and state-sponsored tax mitigation strategies.Joining us today as Co-host is Jarrod Arnold, CPA, Jarrod is the COO at Excelsior Capital, where he oversees financial matters (including budgeting, forecasting, and tax) as well as Marketing, Human Resources, and Investor Relations. Before joining the company, Jarrod was a Tax Manager at KraftCPAs in Nashville, TN focusing on medium-sized companies in a wide range of industries. Jarrod began his career at BDO in a similar capacity and is a Certified Public Accountant in the state of Tennessee. Key Highlights:[00:01 -06:47] What is 1031 ExchangeIt’s a strategy that has minimal riskIf you own a property,  you can sell that asset and execute an exchange into one or more replacement assets. If you do everything correctly, you are deferring your tax liability and allocating it to a new investment.[08:50 - 12:21] How to Find a Qualified Intermediary You Can TrustFind someone who has your best interest and will show you the right way to go about thingsBe wary of QIs who cut corners. This might put you in a difficult situation where you have to deal with IRSQuestions to ask to qualify for a QIFigure out how sophisticated the QI is. You want someone knowledgeable and could help you make decisionsMake sure they have the right insuranceMake sure you have a dedicated advisor [12:22 - 26:34] 1031 Exchange: Know The RulesWho should be at the table when pursuing 1031CPATax/Real Estate AttorneyReal Estate ProfessionalsBe involved in the conversation and make sure you understand the real-life implicationsThe reason for  the uptick in 1031 investmentsHow you could take advantage of deferring taxes  as a property ownerEntering 1031? Make sure you have the following:A clear understanding of the math of the transactionAvoid the misconception that you only have to roll the equity to the next propertyBe proactive in identifying issuesHere’s what to ask your sponsor when vettingDo your investment match upStructure and timingOpportunities on legislation are materially different than 1031[30:37 - 31:24] Closing SegmentConnect with Ricky and Jarrod on LinkedIn and visit Ricky’s website at www.strategicgroup.comKey Quote:“When you look at it, the good news is while there are plenty of strategies out there that have, higher degrees of risk, 1031 happens to be a strategy that really has minimal risk. It's been around in the code for quite some time. The code and the treasure registry are very detailed on this matter, and there's a good bit of case law out there on 1031-related issues.” - Ricky NovakLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Aaron Lohmann has over 15 years of experience in executive management with a focus on real estate development. He has led several successful organizations and is currently engaged in leadership and business development roles for companies involved in real estate development and finance.Key Highlights:[00:01 -06:47] Blockchain for BusinessesWhat problem is blockchain solving within the real estate ecosystem?Allowing a level of transparency and control that’s hasn’t existed before the systemHelp things be more efficientAaron talks about EarnDLT and how it makes accessing private blockchains efficientMake data portable and monetize itMore streamlined process in representing loan inventory.[06:48 - 13:12] Laws and Regulation The adoption of blockchain takes a little longer in heavily regulated industriesBusiness purpose lending has fewer regulations Regulations apply whenever there is a security issueThe two biggest challenges on the sponsor side are capital raising and providing liquidity.[13:13 - 18:04] How to Tell You Are Making ProgressBlockchain delivers immediate ROI and benefits to the usersUsing smart contracts for machine-to-machine communicationMany sponsors are scared about this change, but it's important to keep up with the rapidly developing technologyHow Wall Street is reacting:They are most bullish on the blockchain because the data is clear, reliable, and transportable that can be applied to different spacesUnderlying technologies can be used to improve operations and profitability.[18:05 - 30:36] Be A Knowledgeable InvestorAaron identifies sectors that’ll benefit most from this technologyBlockchain in the energy sector: How tokenization can change the energy sectorHere are the things you need to consider as a sponsor or LP when dealing with financial instruments:You need to work with a firm that is SOC 2 compliant and have a strong security policy in placeTokenization is not difficult to make but without the tools to properly manage the activities it’ll be dangerous[30:37 - 31:24] Closing SegmentConnect with Aaron Lohmann on LinkedIn and email him at AL@earn.reKey Quote:“The immutability and transparency of the data that's housed on the blockchain, a sponsor can really start to build up a reputation for their performance not only on the debt side but also on the equity side as they move forward and speak to that history on the blockchain. So again, helping them in the future with that due diligence and building trust through the use of the technology.” - Aaron LohmannLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Nish Patel has a background in real estate investment banking, management consulting, and machine-learning-driven applications to emerging asset classes. Throughout his career, Nish has been involved in the investment and financing of over $2 billion in transactions across product types. Nish currently sits on the Board of Directors for companies collectively valued at over $600m.  Key Highlights:[00:01 - 09:37]  How Proptech is Changing The Real Estate IndustryProptech is a technology used by real estate experts to optimize the way people buy, sell, research, market, and manage a property.The two most recent significant changes in the real estate market  are Institutional ownership and the COVID pandemic in terms of valuationSome models have pressure from interest rate risk from a macro perspective:Those that rely on the value of the real estateThose that rely on transaction feesOwners tend to gravitate towards assets that:Automate functionCut down costsProvides a competitive edge from a data perspective.[09:38 - 27:11]  Prepare for The Market ShiftSNAPPT is a fraud detection software for multifamily tenant screeningThe problem is that no solution can systematically detect fraud in some of the documents submitted and this is happening a lotHere are samples of actionable opportunities within the Proptech investment spaceWhat’s happening in the venture space todayPublic equities investments are volatile because of a lot of uncertaintiesAllocating into a venture at an earlier stage of growth is one of the best places to invest right nowValuations are more reasonable.[27:12 - 34:44] The Appropriate Investment Strategy for Limited Partners (LP) TodayHave enough exposure to different types of an asset classConsider inflation and its effects on your returnsAllocate less to fixed-income strategies[37:58 - 40:04] Closing SegmentConnect with Nish Patel by emailing him at nish@inertia.vc and check out his website at inertia.vcKey Quotes: “It's not just about how many properties from a business perspective, how many properties can your sales team get into, but it's also about educating the consumer well enough to the point that they actually utilize this product.” - Nish Patel“Some of the best companies in the world Uber, Twitter, and Airbnb is a world we're built  in downturns like in recessions.” - Nish PatelLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Jay Steinback is the Co-Founder, CEO, and visionary of yWhales, aiming to drive communities globally to implement, innovate, and lead the next evolution of the internet. He founded yWhales at the behest of hundreds of business professionals around the planet that were eager to learn and invest in the upcoming Web3 transition. Leveraging the YPO network to transition into a Web3 community became a full-time endeavor with Jay adding many staff and Co-Founders along the way. Key Highlights:[00:01 -13:41]  Cryptocurrency: Money, Trust and RegulationThere are resources available online but there’s no solid guidance A lot of business professionals are to learn and investThe lack of answers fueled Jay to research and study, leading to the birth of yWhalesJay prefers not to be on social media but focuses on the community that helps and nurtures potential clientsKnow your customer to understand how you can help them with their needs[13:42 - 19:31] Building Business through Relationships Maintaining a community requires a huge amount of time and resourcesPeople are engaged when you are there if they need youMake ways to keep in touch with people weekly through different channels[19:32 - 40:28] What’s Happening in the Crypto Space Right NowPeople know NFT but there are only a few ownersJay is receiving high-volume inquiries from people who are interested in the ventureLots of capital was pulled off but smart investors are into it knowing that zero is not an option but it's up to the technologyWhat you put up in NFT has to have a real-world valueFOMO drives the movement in the digital world where avoidable errors occur, hence where the regulation could come to playThe challenge in governance is hindering technological advancement [40:29 - 42:23] Closing SegmentJay’s advice if you want to learn more: Look at what they’ve done instead of listening to what they’re telling youFollow Jay on  LinkedIn and check out his website https://www.ywhales.com for more information!Key Quotes:“I don't want to be an expert. I don't believe in that in an industry this young because, for everything, there are 10 things that haven't even been discovered or built yet or designed yet that you have to kind of keep an open mind.” - Jay SteinbackLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Brad Zapp’s mission is to invest in underrepresented founders and teams in underrepresented geographies. He is a co-founder and managing partner of Connetic Ventures, a Covington, Kentucky-based VC firm that has built a machine learning model that allows them to make data-driven investment decisions.Key Highlights:[00:01 - 09:53]  Cash is KingThe affluent have different alternative investment  options but these are not easily accessible to the general publicA stable annual return from the stock market is not enough to cover life’s daily demandsThere are good investment options if you have a cash liquidity[09:54 - 20:53] The Most Important AssetInterval funds have been around for a while but aren’t widely usedReal estate and fixed incomes are registered as venture capital interval fundsBrad explains what Foundernomics isPsychological measures are one of the most obtainable types of data that can be obtained in an early-stage companyYour team is the best investment you could have other than the product[20:54 - 32:51] The Best Founders through Connetic VenturesYou could track the performance by incorporating personality traits and creating a profile Foundernomics have given surprising results which you would otherwise think if you are not looking at the data Every deal that’s being funded overlooks geographies or colors and is given to deserving founders based on analysis and dataBrad’s vision is to make capital available for every investor[32:52 - 35:46] Closing SegmentConnect with Brad Zapp on LinkedIn and check out his website conneticventures.com for more information!Key Quotes:“We are good at investing in the product that builds the product. So the people themselves are products, and that's the most valuable resource of any startup otherwise, what are we, what are we doing?” - Brad Zapp“Any system that only works for such a small percentage of the population and is getting 95% of all the money. That's a terrible system.” - Brad ZappLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Billy Brown is the Founder and CEO of The Golf Sanctuary, Founder of The Investors Capital Group, Entrepreneur, Amazon Best Selling Author-Success Habits of Super Achievers", Syndicator, Investor, Strategist, and Co-Host of a private investors club.Key Highlights:[00:01 -11:35] What’s Going On in the Real Estate Market NowHow recession will impact the debt marketThere will be good buying opportunities in the next three to six months for commercial properties regardless of the   rising interest rate Seeing things from a macro-view helps with coming up with logical decisions amidst the crisis[11:36 - 22:54] Business is All About RelationshipsBilly talks about Bridge LoanBusiness is adding value where needed. That’s how you can create a networkCreating a vibrant private investor community Real estate is a small world. It is important to cultivate relationships and avoid being transactional People prefer to do business with people they trust[22:55 - 50:35] Building a Passionate CommunityCombining passion and profit through The Golf SanctuaryYou can find business opportunities where there’s a needThe lessons Billy learned from the business side of the gamePeople need  a community that serves as their safe space to enjoy and talk about business at the same timeCommon elements of success for those who are able to experience success[37:58 - 40:02] Closing SegmentConnect with Billy Brown by visiting www.BillyBrown.meOr follow him on LinkedInYou may also visit www.thegolfsanctuary.com for more information!Key Quotes:“Great things happen when you pursue your ideas and your visions and your dreams. And people come into place. Then it kind of unfolds.” - Billy Brown“If you treat people wrong in this community, especially in real estate, it's a small world and you will get ostracized very quickly and everybody knows each other.”  - Billy Brown“If you focus on money, you’ll be disappointed.” - Billy BrownLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Sean Mooney is the founder and CEO of BluWave, an intelligent marketplace trusted by more than 500 of the world's top private equity firms. BluWave connects businesses with third-party resources they need for due diligence, value creation, and preparing for sale.  Sean Founded BluWave as a solution to a problem he faced every day while in the private equity industry for nearly 20 years.Key Highlights:[00:01 - 15:08] Family Offices Enter the Private Equity SpacePrivate equity firms and family offices are starting to meet in the middleBlu Wave has seen an increase in clients looking for ways to invest directly[15:08 - 22:53] Private Equity Funds Struggle to Find Quality AssetsRed flags that indicate a potential problem in a direct investmentThe private equity ecosystem is becoming more accessible to a broader pool of investors[22:53 - 29:58] Embracing Technology To Address Labor ShortagesThere is the pressure of inflation, labor shortages, and a generational shift among GPsPrivate equity firms are trying to address these issues with continuity plans, culture, and technologySeeing positive impacts from these efforts, including increased efficiency and satisfaction among team members[29:59 - 37:17] Covid's Impact on the Private Equity IndustryCovid has catalyzed in many people the realization that data can help make better decisionsMany in private equity are struggling with its transition into a hybrid world where you don't have to be fully in-virtual or in-personPrivate equity firms realize that they need a more portfolio approach and that globalization is not necessarily peaked.[37:18 - 37:31] Closing SegmentConnect with Sean at his https://www.linkedin.com/in/mooneysean/ Key Quotes:“We saw a lot of embracement about technology that not only made companies more efficient, but I think it improves satisfaction within the team members because they get to do the things that they like doing.” - Sean Mooney“I think too often people view the world through binary lenses. You're either going to be fully virtual or fully in-person” - Sean MooneyLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Richard Steel is One of Inc Magazine's fastest-growing company CEOs, he has run both private and public companies and advised the White House Business Council. He is an alumnus of Harvard Business School where he serves on the Alumni Board. He chairs a philanthropic fund and is the author of the best-selling book, Elevated Economics. Key Highlights: [00:01 - 15:21] Capitalism is in a transitional periodWhat is Environmental, Social, Governance (ESG)Capitalism is in a period of change; peaking globalization, capitalism, inequality, and the great wealth transfer occurring at the same time.Richard’s Book discusses the theory that shareholders as the primary focus of a company have been replaced by a stakeholder-centric focus for business.  This change is referred to as “the day the shareholders died”.Corporate information is becoming more accessible, which pressures business leaders to change their ways.[15:21 - 23:43] The Age of Elevated Economics Is HereShifting to a purpose-driven business model can have many benefits such as; Attracting and retaining talent, replacing executive-level talent quickly, and increasing consumer willingness to pay for goods and services.Millennials focused on nonfinancial factors when making decisions about how to invest their money. Sustainability strategies and practices will likely be more rewarded by this generation.[23:43 - 31:22] The $5 Tomato: Why Business Leaders Should Sell to BelieversCapitalism is no longer a single bottom-line businessThere is a shift away from how we view the shareholder-only ecosystemIt's okay to charge accordingly for what is valuable to customersIt's an optimistic time and there are opportunities for business leaders[37:58 - 40:04] Closing SegmentConnect with Richard through LinkedIn Resources Mentioned:Elevated Economics: How Conscious Consumers Will Fuel the Future of Business Key Quotes:“All the studies show that millennials and the next generation are more, focused on supporting firms that can articulate and define a purpose and tell a compelling story.” - Richard Steel“It's very exciting to be living in this time when business is undergoing such a fundamental change, and we have the power to be able to shape that. We've had that power the whole time, but now we're really having an opportunity to exercise it.” - Richard SteelLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Patrick is an attorney with an MBA who has over 20 years of experience in the non-profit sector, government relations and corporate law. As Chief Development Officer for Global Empowerment Mission, he spearheads all fundraising initiatives for the international disaster relief organization. He has demonstrable results in organizational leadership, public advocacy and fundraising. A native New Englander, he has lived on both coasts of the United States and worked professionally in both the northeast and southeast corners of the country.Lynch has a law degree from Suffolk University Law School and an MBA from Suffolk University Sawyer Business School. A two-time survivor of childhood cancer, he now serves as a motivational speaker. He is an official TEDx speaker, has spoken at national conferences, and was recognized as a top national fundraiser by the Leukemia & Lymphoma Team in Training program. He is an engaged volunteer and advocate for the Leukemia & Lymphoma Society and “Be The Match” and recently ran his first marathon to personally raise money and awareness for blood cancer.Key Highlights:[00:01 -16:30] Listening to Your Inner VoicePatrick talks about his experience in law school and his conflicted feelings about continuing to practice it after passing the bar examIf you or your employee is not a good fit for the job, let them go the earliest you canThrough Patrick’s eyes: Surviving cancer twiceThere is a voice inside of us that is uniquely different from any other living creature in the universe..[12:51 - 26:31] Follow Your Heart and Listen to Your Gut  It takes courage to contemplate death but there’s beauty in facing and preparing for itSometimes we think we have planned life out but looking back it’s serendipitousThe moment of clarity that pushed Patrick to quit lawMaintain relationships and create connections with people you see you could potentially work with in the future.[26:32 - 37:51] The Best Things in Life Aren’t Usually PlannedHere’s the one common denominator of successful people  No matter how much you think you have it all figured out, you never have it figured outTalking with people could develop your empathetic sidePeople who are confident in their decisions are the ones who can learn the lesson from failurePatrick’s motivation for speaking on Ted Talk[37:58 - 40:04] Closing SegmentConnect with Patrick at his website and listen to his podcast The FollowerKey Quotes:“Through suffering comes incredible blessings.” Patrick Lynch“The whole point of what it means to be human is understanding how to listen to ourselves.” - Patrick LynchLIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.

Olivia Summerhill is a consultant for ultra-high-net-worth women who need an expert to help them navigate the financial complexities of divorce.In this episode, Olivia encourages couples to have a frank and open conversation about money and finances before getting married or in a new relationship. She believes that it is important for everyone to understand their relationship with money in order to make sound financial decisions. In addition, Olivia offers advice on how to keep financial problems from becoming marital conflictsHighlights:[00:07 - 08:18] Tips for women preparing for a divorceThe taboo topic of money and divorce is still a barrier to discussing these topics.The importance of having a conversation about money before getting married.Money is a complex topic and it's important to understand yourself and your relationship around it.[08:18 - 16:08] A Financial Advisor's Suggested Steps for Individuals in the Midst of a DivorceTalking about finances and emotions with one another is the best way to avoid problems down the road.Communicating clearly with families is key[16:08 - 24:08] How to Handle Divorce ProceedingsBringing in the right people - Trust officers, CPAs, attorneys[24:09 - 32:02] Money Issues & DivorceOne way to prevent money problems from arising is to have regular conversations about finances.Prenups and postnuptial agreements can help couples make sure their wishes about money are clear.[32:02 - 36:49] Closing SegmentVisit www.summerhillfirm.com for more informationQuotes:“I'm always an advocate for preventative work in my personal life and in business, so anytime you can have conversations before something is actually truly needed is the best.” - Olivia SummerhillConnect with Olivia Summerhill!Linkedin: https://www.linkedin.com/in/oliviasummerhillSite: https://www.summerhillfirm.comPodcast: https://open.spotify.com/show/4mAzSJfabFlWUOWhoaYrvZConnect with me on LinkedIn!LIKE, SUBSCRIBE, AND LEAVE US A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.