Ep27:From Tech world to creating a platform to build custom Real estate portfolios

The Real Path to BYOB(Be your own Boss)

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محتوای ارائه شده توسط Manasa Chepuri. تمام محتوای پادکست شامل قسمت‌ها، گرافیک‌ها و توضیحات پادکست مستقیماً توسط Manasa Chepuri یا شریک پلتفرم پادکست آن‌ها آپلود و ارائه می‌شوند. اگر فکر می‌کنید شخصی بدون اجازه شما از اثر دارای حق نسخه‌برداری شما استفاده می‌کند، می‌توانید روندی که در اینجا شرح داده شده است را دنبال کنید.https://fa.player.fm/legal

Good Moms Bad Choices

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5 Ways To Rethink Dating 1:36:55

18 weeks پیش1:36:55

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1:36:55

What’s up, Tribe, and welcome back to Good Moms Bad Choices! January was amazing, but its time to turn the page on the calendar and embrace beautiful new energy as we enter ‘The Journey of Love February.’ This month is all about the heart - join Erica and Milah to catch up and discuss what’s new in the world of motherhood, marriage, and amor! In this week’s episode, the ladies offer witty and sharp perspectives about personal growth in love, supporting your kids through their friend drama, and how to honor your true needs in a partnership. Mama Bear to the Rescue! The Good Moms discuss protective parenting and helping your kids fight their battles (8:00) Bad Choice of the Week: Help! My kids saw me in my lingerie! (20:00) My Happily Ever After: Erica and Milah discuss the prospect of marriage, dreams of becoming a housewife, and the top 5 ways to be confident in love (32:00) Yoni Mapping: Releasing Trauma and Increasing Pleasure (57:00) Its OK to fuck up, but also, what do you (really) bring to the table: The Good Moms have an honest discussion about finding accountability and growth before love (1:03:00) Watch This episode & more on YouTube! Catch up with us over at Patreon and get all our Full visual episodes, bonus content & early episode releases. Join our private Facebook group! Let us help you! Submit your advice questions, anonymous secrets or vent about motherhood anonymously! Submit your questions Connect With Us: @GoodMoms_BadChoices @TheGoodVibeRetreat @Good.GoodMedia @WatchErica @Milah_Mapp Official GMBC Music: So good feat Renee, Trip and http://www.anthemmusicenterprises.com Join us this summer in paradise at the Good Vibe Rest+Vibe Retreat in Costa Rica July 31- August 5 August 8 - August 13 See omnystudio.com/listener for privacy information.…

۴ سال پیش 31:11

MP3•خانه قسمت

Badri Malynur is the cofounder of Avestor (avestorinc.com) a platform that allows high net worth investors to build custom real estate portfolios diversified across states, property types & time frames to provide passive income and capital appreciation.

42 قسمت

#Trading #Entrepreneur #Business #Manasa Chepuri #Investing #Passive Income #Real Estate #Entrepreneurship

The Real Path to BYOB(Be your own Boss)

Ep27:From Tech world to creating a platform to build custom Real estate portfolios

The Real Path to BYOB(Be your own Boss)

published ۴ سال پیش

اشتراک گذاری

MP3•خانه قسمت

42 قسمت

#Trading #Entrepreneur #Business #Manasa Chepuri #Investing #Passive Income #Real Estate #Entrepreneurship

همه قسمت ها

The Real Path to BYOB(Be your own Boss)

1
Ep40:Jamil Sayegh: Mindset coach for high performers 1:05:41

۳ years پیش1:05:41

1:05:41

Dr. Jamil Sayegh is an international life, business, and relationship coach, integrative naturopathic physician, master NLP practitioner, and the author of 20 Steps to Your Next Breakthrough. He works with leaders and high performers from all walks of life including world-champion athletes, best-selling authors, entrepreneurs, business professionals, and more to create an extraordinary life without regret. Welcome to the show Dr Jamil ,it's an honor to have you here -I first heard you speak at a mastermind event and your ideas really got me thinking, I can't wait for my listeners to hear more from you and get inspired…

The Real Path to BYOB(Be your own Boss)

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Ep39:Josh Wilson: From hands on property management to building a BRRRR empire 50:30

۳ years پیش50:30

50:30

Josh Wilson is a Real estate investor who has not only grown his real estate portfolio into multi-millions but is also most known for his training on how to create generational wealth on steroids. I am passionate about helping people move out of having to depend strictly on ‘transactional’ income and jump-start their way to Passive Income. He specializes in implementing the BRRRR method of real estate investing which stands for buy, rehab, rent, refinance and repeat. He started my real estate investment career as a property manager and learned how to become an operator and then pivoted into building a portfolio of real estate that produces Cashflow, Tax Benefits, and Appreciation.…

The Real Path to BYOB(Be your own Boss)

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Ep38:Param Bala: Radiologist turned Real estate entrepreneur 50:33

۳ years پیش50:33

50:33

Param Baladandapani is a subspecialty trained Radiologist who while working full time and raising two young kids built a multi-million dollar real estate portfolio that helped her become Financially Independent and retire this year at 41. She is the founder and CEO of GenerationalWealthMD, a community that helps high-income professionals accelerate towards financial freedom by building a real estate portfolio that fits their lifestyle and goals. Over the last 8 years, she has invested in Long Term and Short term rentals, as well as development projects in different domestic markets and abroad and she, brings this expertise to her Immersive small group coaching program- Creating Generational Freedom where she empowers others to start and scale their portfolios. She is also passionate about paying it forward and has helped establish a nonprofit educational trust in rural India.…

The Real Path to BYOB(Be your own Boss)

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Ep37:Pili Yarusi: From Restaurant business to building a Multifamily empire 43:45

۳ years پیش43:45

43:45

Pilialoha Yarusi is a Real Estate Entrepreneur, Mentor, and Podcaster. Pili is originally from Hawaii - She has worked in the arts, managed restaurants and bars, and has owned a berry farm. She and her husband started flipping houses , expanded into wholesaling and built a large multifamily portfolio worth 100 million.…

The Real Path to BYOB(Be your own Boss)

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Ep36:Larry Pendleton: Taxes and Real estate investing 35:46

۴ years پیش35:46

35:46

Larry Pendleton Jr. has been a CPA for over 8 years with experience in tax consulting & preparation, accounting, and financial statement auditing. He co-founded P.C. Financial Services, LLC., which provides nationwide tax consulting and planning for professionals in real estate. He also brings over 6 years of real estate experience as a multifamily investor involved in syndications, joint ventures, asset management, tax strategies, investor relations, and underwriting. Larry holds key finance and accounting positions for several real estate investment firms that oversee over $6MM in assets. Not only does he oversee the finance and accounting for these organizations, but he also adds value by implementing the same tax strategies that he recommends to his clients in order to maximize their investors' returns. Most importantly, Larry is married to his beautiful wife, Whitney, and the proud father of their 2 handsome sons, Larry III and Wesley.…

The Real Path to BYOB(Be your own Boss)

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Ep35:Tech industry to Real estate entrepreneurship 36:29

۴ years پیش36:29

36:29

Perry Zheng: is the founder and CEO of Cash Flow Portal, a real estate syndication software. He lives in Seattle, where he owns six single-family properties. He started real estate syndication about three years ago and Today, he is a lead syndicator on more than 830 units and a passive in 2,000 doors. Before switching to real estate full time he was an engineering manager at Lyft and worked as a software engineer at Twitter and Amazon.…

The Real Path to BYOB(Be your own Boss)

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Ep34:Multifamily Investing from across the globe 40:50

۴ years پیش40:50

40:50

Suzy Sevier and Michael Barnhart are the husband-and-wife team behind Adventurous Real Estate Investors , a multifamily firm dedicated to helping avid travelers and adventure seekers create passive income and time freedom through apartment building investing. Suzy and Michael got interested in real estate during the lockdown, and in nine months, they have attended 10 virtual events, booked 600 networking calls, put together an experienced team and built a multifamily portfolio —without leaving their home in the UK!…

The Real Path to BYOB(Be your own Boss)

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Ep33:Anthane Richie :Real estate investing with the "Rich State of Mind" Host 42:43

۴ years پیش42:43

42:43

Anthane Richie is currently an Active Duty Chief Petty Officer in the United States Navy. He is also a real estate investor in the Hampton Roads, VA area and hosts a podcast called Rich State of Mind. The Rich State of Mind Podcast is in the top 2% globally of active podcasts covering wealth building, investing, mindset, mental health, personal finance, marketing, and entrepreneurship https://podcasts.apple.com/us/podcast/rich-state-of-mind/id1522296714…

The Real Path to BYOB(Be your own Boss)

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Ep32:NYC Attorney going from owning nothing to 44 units in the first deal 39:22

۴ years پیش39:22

39:22

Yosef Lee is a Full-time W2 Lawyer in NYC. He is a father of 2 girls and did not know anything about investing in Real estate. His recent and first investment is in 44 Unit apartment complex before which he did not own a single-family or has never done any flipping. Social media handle: @yosefyourbrosef…

The Real Path to BYOB(Be your own Boss)

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Ep31:The Net worth Nurse 33:19

۴ years پیش33:19

33:19

Savannah "The Net worth Nurse" is a full-time Registered Nurse in Los Angeles, California. She uses her skills as a leader in healthcare operations to manage multifamily syndications. She also helps busy medical professionals create passive income through real estate investing. Savannah uses mindset tools and goal setting to elevate herself within the healthcare system, as well as create a real estate business.…

The Real Path to BYOB(Be your own Boss)

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Ep30:Creating Investing trifecta with Multifamily: strong financial returns, social impact, and environmental impact 40:45

۴ years پیش40:45

40:45

Camilla Jeffs is passionate about financial education, building wealth, and living a life by design. She is the Founder and CEO of Steady Stream Investments, a company focused on providing investment opportunities in large multifamily and senior housing communities. With 18 years of experience investing in real estate, she has done everything from live-in flips, single-family rentals, small multifamily, and now large multifamily and assisted living. She specializes in teaching first-time investors how to achieve passive income and diversify their portfolios. Camilla believes in the investing trifecta, where one can achieve not only strong financial returns, but create social and environmental impact by providing safe, clean, and affordable housing to entire communities. Camilla is a triathlete, an outdoor enthusiast, and a devoted mother to her five amazing children.…

The Real Path to BYOB(Be your own Boss)

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Ep29:School Teacher turned award winning Real estate investor 1:07:07

۴ years پیش1:07:07

1:07:07

Quentin D’Souza is a multiple award-winning Real Estate Investor, and a trusted authority on real estate investing. He is an Ontario Certified Teacher and holds two university degrees, which includes a Master’s in Education. Quentin has appeared on local and national television and radio, interviewed in national publications and has been a keynote speaker to large audiences of real estate investors. Quentin is a proud member of the Entrepreneurs’ Organization. His company, Apleridge Homes, uses the Buy, Fix, Refinance, and Rent strategy on long term rental properties in Ontario, Canada, as well as with joint venture partnerships to create win/win relationships on Apartment Building purchases. Quentin owns a real estate portfolio in excess of $80 million dollars of assets under management across Canada by the end of the year and the US and transacted on 80+ properties since 2004.…

The Real Path to BYOB(Be your own Boss)

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Ep28:From being Navy officer to diversifying into Real estate 49:54

۴ years پیش49:54

49:54

Mike Cavaggioni is originally from Long Island, NY, and currently living in Ewa Beach, HI. He enlisted in the Navy in 2002 at the age of 17 and completed 9.5years before commissioning as a Naval Officer. In conjunction with his Navy career, Mike is a licensed REALTOR-ASSOCIATE® and a Finance Coach. With his military retirement approaching, his focus shifted to financial independence and entrepreneurship. Mike is the founder of Average Joe Finances. He started the website as a blog to share his journey in getting out of debt while becoming financially independent. Mike’s focus is to provide information that will help others in their own financial independence journey. He is also the host of the Average Joe Finances podcast.…

The Real Path to BYOB(Be your own Boss)

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Ep27:From Tech world to creating a platform to build custom Real estate portfolios 31:11

۴ years پیش31:11

31:11

Badri Malynur is the cofounder of Avestor ( avestorinc.com ) a platform that allows high net worth investors to build custom real estate portfolios diversified across states, property types & time frames to provide passive income and capital appreciation.

The Real Path to BYOB(Be your own Boss)

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Episode 26:Melissa Johnson: Queen of flipping : with over 1000 flips under her belt 44:52

۴ years پیش44:52

44:52

Melissa Johnson has been flipping houses in San Antonio, TX since 2003, growing and expanding the business into a thriving real estate investment operation. With close to a thousand flips under her belt, she has also built a portfolio of rental properties and real estate notes while raising five children. She provides coaching, support, and education for other high-level real estate investors nationwide. She enjoys giving back to the REI community by hosting the E3 podcast for women and the MORE (Moms of Real Estate) podcast and running the San Antonio Invest Her meetup group. As an active member of the Forbes Council on Real Estate and NAWBO (National Association of Women Business Owners), she is dedicated to the success and empowerment of women in business.…

The Real Path to BYOB(Be your own Boss)

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Episode 25:SanEng:Putting into practice the principles from the World’s Greatest Investment Wizards 1:04:04

۴ years پیش1:04:04

1:04:04

SAN ENG is the President of Skytian Capital, which deployed over $500 million in capital • He is the Wall Street Journal & USA Today best-selling author of the book titled: Ten Commandments of Investing, Guiding Principles from the World’s Greatest Investment Wizards Previously, he ran a $100m funds voted “Top 30 in China” As an entrepreneur, led 8 ventures raised $150m+ capital include one throughthe IPO process Was also the Asst Professor at prestigious Shanghai Jiaotong University where he taught credit course on investments He is also the Father to 3 amazing teenage girls; speak 3 languages and has lived in over 12 countries and visited 60 countries…

The Real Path to BYOB(Be your own Boss)

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Episode 24:Starting with wholesaling to investing in Multifamily 53:18

۴ years پیش53:18

53:18

The Real Path to BYOB(Be your own Boss)

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Episode 23:From working in missionaries to Real estate investing 44:36

۴ years پیش44:36

44:36

Bill Manassero (pronounced “MANNA+ SARROW”) is the host and top dog of The Old Dawg’s REI Network, a blog and weekly podcast for people 50 years and older who are using real estate investing as a means to fund their retirement years and create a legacy for their children and grandchildren. Prior to forming the Old Dawg’s REI Network, Bill and his family were missionaries to orphaned, abandoned and at-risk children living on the streets of Port-au-Prince Haiti. Prior to Haiti, he was a professional musician and, prior to that spent over 20 years in business on the corporate and entrepreneur side.…

The Real Path to BYOB(Be your own Boss)

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Episode 22:Diving into Multifamily investing with Prashant Kumar 42:45

۴ years پیش42:45

42:45

As the owner of MyRealtyGains, Prashant's passion is to assist Ultra Busy Professionals in identifying Grade A investment opportunities and providing stable cash flow returns and long-term capital appreciation by buying assets. Prashant has acquired and managed over 32 million in real estate. Prashant has appeared in 100s of podcasts with various hosts. He runs his webinars and meetups. He writes blogs on Rela estate investing and speaks on this subject across the country…

The Real Path to BYOB(Be your own Boss)

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Episode 21: All about 1031 Exchange with Nathan Webb 49:20

۴ years پیش49:20

49:20

Nathan Webb is a husband, father, investor, entrepreneur, real estate professional (a fancy way of saying I'm in real estate full time), and 1031 exchange accommodator. I am licensed in 2 states, CA and GA. I spend my days growing my own portfolio as a team with my wife and some close friends as investors. I also help a privately held REIT expand their portfolio across the US as we approach $4BB in assets under management. I do all of this while executing 1031 exchanges for clients from coast to coast and bundle it all together into a business somehow. I specialize in 1031's and have found that most people generally don't realize how powerful they are and how much you can do with them. I would love to share more on that.…

The Real Path to BYOB(Be your own Boss)

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Episode 20: Mindset series: Learning and growth 5:54

۴ years پیش5:54

5:54

I am super excited to be starting a new series to talk about mindset. I strongly believe that our lives are shaped by our minds and the thoughts we associate with. Well, if you think about it more - everything that has manifested in your life was once a thought in your brain that was followed up with action - the power of thoughts is undeniable. So, today let's dive into the kind of mindset that super successful people adopt in their life. A great deal of research has been done on what is called the growth mindset, and how successful people with this mindset succeed so abundantly in their careers or anything that they choose to do. Because the way you do one thing is usually the way you do most, if not all things in life What exactly is this GROWTH MINDSET ? It's described as a state of the constant state of mental alertness with the desire to learn and get better while doing the needed in alignment with your goals - regardless of external factors. And people who have mastered the ability to stay in this "zone" or so called "flow" state described it as one of the most fulfilling states. These people were able to stay motivated despite the many obstacles that stood in their way to success. This is because the growth mindset allows individuals to love what they are doing and also to continue to appreciate it in the face of problems And as a consequence of this -there is no fear of failure. And guess what ??? With the absence of fear, people are able to take action towards their goals without the mental pressure from the past or future, by just being in the moment. This mindset allows you to see failure as a chance to learn, grow, and perfect your approach to success.…

The Real Path to BYOB(Be your own Boss)

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Episode19:From the IT industry to Multifamily investing 47:22

۴ years پیش47:22

47:22

Vish Muni has Over 20 years of experience as a Small Business Entrepreneur, IT Professional, active real estate agent, and a full-time Multifamily Apartment investor. He started his real estate investing journey in 2009 with single-family homes, followed by duplexes and fourplexes. then transitioned to Multifamily investing in Nov 2019 and invested passively and as a General partner in multiple syndications.…

The Real Path to BYOB(Be your own Boss)

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Episode 18: Entrepreneur mindset: Elevating your life and choosing long term fulfillment 51:34

۴ years پیش51:34

51:34

Tyler Chesser is a high-performance business coach and real estate entrepreneur who helps real estate investors, leaders and entrepreneurs transform their businesses and lives. Tyler started his coaching business in 2019 to help other entrepreneurs and investors deal with the sometimes overwhelming prospect of creating freedom and fulfillment through their business. Prior to launching his real estate investment firm, CF Capital, Tyler spent over seven years in the business as a founding principal of a successful commercial brokerage company. He is also a real estate investor, professional speaker, and an award-winning sales professional. Today Tyler offers a wide range of programs and services - from individual to group coaching, consulting, keynote speeches and hosts a top 200 business podcast internationally called Elevate.…

The Real Path to BYOB(Be your own Boss)

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Episode 17:From out-of-state flips, purchasing tax deeds and finally finding footing in Multifamily 54:26

۴ years پیش54:26

54:26

Chris is the Founder of JAG Communities based in Jacksonville, FL. Chris started investing in real estate in 2016 by attempting to flip houses in NY. After months of failing, he attempted out-of-state flips, purchasing tax deeds, and finally found his footing in multifamily. Chris Joint Ventured on just over 100 units, before joining Toro Real Estate Partners as their head of Florida operations. Toro purchased 4000 units worth $300 mil, with 1000 units in Florida over a period of roughly 4 years. Chris eventually left Toro in Nov 2020 to start his own company which owns and manages small to mid-sized apartment complexes in Jacksonville, MSA. JAG Communities currently owns and manages 16 units worth $1.2 million, with a 10-year vision to scale to $500 million AUM. https://www.linkedin.com/in/chris-grenzig/…

The Real Path to BYOB(Be your own Boss)

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Episode 16:From working in the fashion industry to Real estate investing 32:41

۴ years پیش32:41

32:41

Leka Devatha is a former fashion expert turned real estate investor She’s been wildly successful in the Greater Seattle Area doing fix and flips, land subdivisions, multi-family investing, and selling of residential real estate representing both buyers and sellers. https://www.linkedin.com/in/leka-devatha-5616bb185/…

The Real Path to BYOB(Be your own Boss)

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Episode 15: Entrepreneur mindset : Owning 50 companies, losing 20million$ and bouncing back with Damion Lupo 54:52

۴ years پیش54:52

54:52

Damion Lupo is the Best-Selling Author of 12 books on personal finance, investment, and retirement planning. He hosts the Financial Underdogs podcast, has owned more than 50 companies, and is the founder of his own martial art, Yokido®. Damion is also a professional investor with decades of real-world experience that started with the purchase of his first rental using a VISA card advance -- a move that snowballed into 150 rental houses in less than 5 years. In 2008 he lost the whole $20 million business only to bounce back and recreate his wealth in 5 years. His mission is to free a million people from financial bondage. His unique tool is a fusion of financial literacy and a little-known strategy called the eQRP® that allows investors to control their retirement money and get off the wall street roller coaster. https://damionlupo.com/ https://www.financialunderdogs.com/…

The Real Path to BYOB(Be your own Boss)

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Episode 14: Lane Kawaoka: Reverse engineering wealth-building strategies to build a 4200 rental unit portfolio 33:53

۴ years پیش33:53

33:53

Lane Kawaoka owns 4,200+ rental units and is the leader of a club which has acquired over $350 Million dollars of real estate by syndicating over $40 Million Dollars of private equity since 2016. He obtained his BS in Industrial Engineer and MS in Civil Engineering and Construction Management from the University of Washington Lane uses his Engineering degree to reverse engineer the wealth-building strategies that the rich use in the Top-50 Investing Podcast, SimplePassiveCashflow.com .…

The Real Path to BYOB(Be your own Boss)

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Episode 13: An insight into Real estate investing in Canada 31:33

۴ years پیش31:33

31:33

Candice Bakx-Friesen - has a large portfolio of rental properties with her husband and is an agent, coach, and entrepreneur Manasa 00:02 Welcome back to the real path to BYOB the show that aims to inspire you to achieve financial freedom and be your own boss, I'm your host Manasa Chepuri. Today we have an amazing guest with us. Her name is Candace backs Friesian. She has a large portfolio of rental properties with her husband and is also a real estate agent, coach, and entrepreneur. Welcome to the show Candice. candice 00:24 Thank you so much for having me. Manasa 00:26 It's great to have you here. And I can't wait to learn about your journey into real estate and to being your own boss. candice 00:32 Yes. Manasa 00:34 So could you share with me and my listeners hear a little bit about your background, your childhood, and how you got started with real estate? candice 00:43 Sure. So I was raised by entrepreneurs, my grandparents, and my parents, on both sides for all entrepreneurs. So it was just something I think that naturally, you grow up with when you're surrounded with that from being a child already. And so I remember when I was about 12, thinking, maybe I should start reading some financial books because I don't know what I'm going to do or how I'm going to manage money. And everyone else around me seems to have this figured out. So I was one of those nerdy kids who was reading financial books at like, age 12 already. Oh, wow. Yeah. But I had my aunt who was one of the few people in our family at that point who had gone to university, and they really looked up to her a lot. And I thought she was an accountant. And I thought, yeah, I'm going to be an accountant, too. So the plan was always to go to university. And I was very driven and just wanted to get through high school because I got to start life already. And anyway, then I met my now-husband, and we met when I was 17. And he was 21. And he had rental properties already. And he had purchased his first rental when he was 17. So when we were we were just dating and chatting. And so I asked him about that because my family was gone into rental properties. And so he Yeah, he talked about it. And I was like, yeah, it seems to make sense. So we got married when I was almost 20. And I was 19. And yeah, almost 20. And so he already had two rental homes. And then I just said, Okay, well, this makes sense for one house, why don't we keep going. So you found a five Plex. And then we just kind of kept going from there. And that's that's how it's accumulated. So, Manasa 02:37 okay. Okay, that's how it got started. And now after that, you have become a real estate agent, and what other stuff do you do in real estate? candice 02:48 Yeah, so the accountant, I did finish my Bachelor of Commerce here, University of Manitoba, and I'm in Canada. And then I sort of switched gears and got into real estate instead of pursuing becoming, becoming an accountant. And so I've been doing that now for about 14 years. But things have really kind of gone full circle, where now I'm just really looking at Legacy and trying to give back to people. And so I've kind of come full circle, where now I do financial coaching, as well as being a realtor, whether that's people who want to invest in real estate, or they're just struggling to figure out their finances. And I really believe that you can change families, you can change, you know, the future for kids, and communities if you can help people get their finances in order and help them succeed. Manasa 03:42 Wow, very, very well. So that is so true. Great. Awesome. So how do you do that, like…

The Real Path to BYOB(Be your own Boss)

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Episode 12: Yonah Weiss: All about saving on Taxes with Real estate 38:21

۴ years پیش38:21

38:21

Key Point Summary · All kinds of deductions that you might have if you have a mortgage is mortgage expenses deduction. Often, when you do real estate tax savings, the topic is all about this thing called depreciation. · The IRS allows you to take a tax write-off tax deduction based on the concept your property will go down in value as time goes on. The day you buy a property is the purchase price spent on buying, even if you only put down a certain down payment. The whole purchase price is taken and then divided by 27 and a half years. That's the amount of time the IRS says that multifamily properties depreciate. · When you're talking about the tax benefits of tax deductions, that's the biggest one. It's basically a free deduction that you're able to lower your tax liability by a huge chunk every single year just by the fact that you bought the property. · Yonah says that there's no difference between single-family to multifamily. The only difference is that when you get into other commercial properties besides multifamily, instead of being a 27 and a half year depreciation schedule, it's a 39-year depreciation schedule. · The purchase price determines how much depreciation you can take over the ownership. It goes down to take off the land value, which is deducted, which can sometimes be turned by an appraisal with the appraised land value or county property taxes. · Yonah says that the deposition is applicable for new construction but only if it is new construction to hold meaning as a rental property. It only begins once you place it in service, so your tax deduction only starts once the construction is fully completed. · According to Yonah, it's really just an advanced form of depreciation where we take the cost and instead of taking the whole thing as a lump sum and dividing that by 27 and a half years, the IRS says that you can segregate those costs into different categories that depreciate things in your building as you depreciate on different varying levels. · Yonah says you can take a huge chunk of the cost over a five-year deduction period instead of lumping it all together and just taking a little bit each year. · Cost Segregation benefits those who are just trying to call the property for a smaller duration of time to get that advantage in the years that they hold stuff taking it over. · Suppose you are a real estate investor who buys multiple properties, continuously investing, and buying more and selling maybe. In that case, you can really benefit from this no matter how long you're holding it for. Because depreciation for one property can be used to offset your income from all of your properties. It's a strategy that couples with the overall business strategy of investing. · Rental income is considered passive income. A huge amount of depreciation is passive deductions. Your passive deductions are used against your passive income and it's lumped together. If you have one or multiple properties, all of your passive income is locked all together in one bucket, including all of your depreciation. · Yonah says that everyone's greatest goal is to take advantage of the passive sides of the income. · Passive deductions can only be used against your passive income. The exception is that when you're considered a Real Estate Professional. You or your spouse can qualify for the status but only one of you is qualified. Once you have this qualification, you now don't have that limitation. The passive deduction is only used against the passive income. You can use the passive deduction…

The Real Path to BYOB(Be your own Boss)

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Episode 11: Sam Bates: Experimenting with the different facets of Real estate and finding passion in Multifamily 45:50

۴ years پیش45:50

45:50

In this episode, we have invited Sam Bates as he shares his experience of starting out in his real estate journey. Sam Bates is the managing partner of Bates Capital Group and a partner and co-founder of Trinity Capital Group. Sam has been directly involved in the acquisition, rehab disposition, and management of around 100 million dollars in multifamily and single-family real estate since 2009. In this episode, Sam gives a glimpse of how he started out in the multifamily space, the mistakes he made along the way, how he built his team, and the journey from buying multifamily until they decided to do ground-up development as a way to distinguish their company. Key Point Summary Sam has always been interested to get into real estate but he never really understood real estate investments until 2009. Now, he has plans on getting a master’s degree in real estate and thinks of pursuing a career as a loan officer, lender, or anything along those lines after finishing his degree. Over the last 10 years, real estate has been the darling child of investments. But through the help of social media and podcasts, people now have a working knowledge of what real estate can do compared to two decades ago. The general audience now understands how investing in real estate can help create generational wealth. After reading a few books about real estate, Sam decided to invest in real estate. He also joined a mentorship program in Dallas. Sam’s first bad experience as a limited partner in a deal that never got under contract. Through the due diligence process, his partner found out there are some issues that he didn't realize early on, so he backed out but couldn't find another deal. His partner took 13,000 of Sam’s $100,000 investment. During his second experience as a limited partner, Sam Started investing in single-family simultaneously which he did about 20 single-family acquisitions. At that point, Sam realized that he needed to move to a multifamily. Single-family is great and he made good returns on it, but it's very hard to scale and very labor-intensive. There are four classes in multifamily or just commercial real estate: Class A is your core plus. Class B could be in a good location. Then you have class C, which is usually a workforce of blue-collar housing, is usually out more into the suburbs further away from city centers. Class D is by far, the worst, if you have a bad tenant base, the delinquency will usually be pretty high and it's hard to collect rent, and years later, the location may not be desirable. For Sam and his business partner, anytime they start a project construction, they will hire third-party consultants to do their own surveys or market studies. They don't have to spend hours of research because they hire professionals to do it. They are confident that if they build a product, there's going to be demand because the worst thing you could do is build property and nobody wants to live Sam and his business partner talk to brokers and realtors about buying different lands. Lands have different types of zoning. They we usually buy it where it's not zoned multifamily, and they have to go through the process of zoning multifamily because that adds value. They both have pros and cons. Sam loves the construction aspect because they get to have a brand new building. You have a great tenant base that, at least from their standpoint, has always paid. One of the books that made a huge impact on Sam’s life was Miracle Morning. Sam’s family has always pushed him to have a good steady job. And I listened to them for a long time. But then he finally realized that he just needed to do it. He saved up through the single-family through the multifamily through just as his career salary going up and at that point, he was making six figures. When he was young, Sam envisioned himself being a doctor because he…

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