Real Estate Investing for Cash Flow with Kevin Bupp

Today's Flash Back Friday Episode is from Episode #198 that originally aired In October of 2018.

In this episode of the Real Estate Investing for Cash Flow Podcast, Kevin shares the mic with CEO of Praxis Capital, Brian Burke.

Brian started his career like many Real Estate Professionals typically do: By Flipping or Holding Single-Family Homes. Surprisingly, his career exploded between 2008-2010 at the height of the Recession as he focused all of his attention on purchasing distressed Real Estate.

Now at 2000 doors, Brian and his company are now setting their sights on 10X’ing that number to 20,000 doors -- or die trying. Enjoy this episode as Brian dives into exactly what’s in store for Praxis in the upcoming years.

Highlights
10:21 - Brian talks about the shift Praxis is making. Why 20k doors, and how will Praxis do it?
13:05 - How has Brian shifted leadership within his company to account for the big change?
17:13 - What are some of the benefits of chasing institutional capital for this growth?
19:48 - What really excites Brian about the market right now?
25:50 - How has Brian been able to attract Top Talent?
36:56 - What is the best piece of advice Brian has ever recieved?
38:37 - How did Brian get his head back in the game after the Recession?

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

    • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
    • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
    • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
    • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
    • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 198_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Today's Mobile Home Park Episode is from Episode #71 that originally aired on June 06, 2017. 

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: Final_Edited_Show_71_Steve_Tomaso.mp3
Category:general -- posted at: 12:00am EDT

Ken McElroy is a Real Estate Investment Expert and Best Selling Author.

Ken has experienced great success in real estate–from investment analysis and property management to acquisitions and property development. With more than $3.8 billion of real estate purchased in the last 2 decades, Ken offers a unique perspective on how you will get the biggest return on your investment dollars.

Quote:

“You have to actually ask yourself those questions: What was good? What was bad? And what did we miss here?”

“There are a bunch of factors, especially with this pandemic, that has changed migration for good. One is political, but you are going to start to see the policies for being a landlord or even property taxes, I think are going to shift peoples views on where they want to own stuff…then you have the weather, safety issues, work from home issues…”

Highlights:

1:54 - Ken tells listeners more about his background in real estate.

07:02 - Ken shares his thoughts on the current cap rates and real estate market.

12:32 - Ken discusses the issues around the properties his company wasn’t able to flip.

18:03 - Ken talks about how to identify the great performing properties from those that aren’t.

21:08 - Ken provides insight into how he is preparing for the future.

26:43 - Ken touches on his company’s current investments.

29:25 - Ken describes the risks and interest rate expansions with his deals.

33:59 - Ken explains the determination of rounding-up and existing in the market.

38:40 - Ken considers the imbalances of C-Grade properties and their risks.

44:54 - Ken answers Kevin’s golden nugget question.

Guest Website:

https://mccompanies.com/ken-mcelroy/

https://kenmcelroy.com/ 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 355_Ken_McElroy_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Today's Flash Back Friday Episode is from Episode #171 that originally aired in February of 2018.

Brian and his wife currently own and manage five Laundromats as well as several other private business and Real Estate ventures. Additionally, in 2009, Brian also co-authored a book titled, "Seize Your Opportunities - How to live your life without limits", was an expert panelist at the laundry industries Semi-Annual Clean Show tradeshow, and was elected to the Board of Directors of the Golden State Coin Laundry Association where he now serves as President.

In addition to his entrepreneurial ventures, Brian also devotes time to giving back to others by speaking to kids in schools about being an Entrepreneur, teaching educational classes around Laundromat ownership, and helping others achieve their dreams through one-on-one coaching and mentoring.

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: FBF_171_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Today's Mobile Home Park Episode is from Episode #37 that originally aired on Nov 29, 2016. 

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: final_recorded_show_37.mp3
Category:general -- posted at: 12:00am EDT

Drew Wahlgren is a Commercial Real estate expert.

Drew is the Co-Founder and Director of Capital Markets for MAG Capital Partners. MAG Capital Partners specializes in sale-leasebacks, net lease investments, and various development projects throughout the US.

Quote:

“We are really purchasing a property from a commercial business that has generally operated on a property for a long time.”

Highlights:

1:20 - Drew tells listeners more about his background in real estate.

08:02 - Drew shares his thoughts on sale-leaseback strategies.

12:40 - Drew discusses the utilization of capital from sale-leasebacks.

14:27 - Drew talks about transaction sizes and a deal that MAG Capital has passed on and why.

18:50 - Drew provides insight into how to mitigate risk.

24:14 - Drew touches on MAG Capital’s typical hold period.

25:46 - Drew talks about the tax advantages to his company’s industrial properties.

26:57 - Drew speaks about sourcing deals for sale-leasebacks.

31:25 - Drew answers Kevin’s golden nugget question.

Guest Website:

https://magcp.com/home/

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 354_Drew_Wahlgren_mixdown.mp3
Category:general -- posted at: 12:00am EDT

#371 FBF: Learn why Ground Lease Investments are one of the Safest and Low Risk Commercial Investments  – with Steven Waldman

Today's Flash Back Friday Episode is from Episode #113 that originally aired in May of 2016.

Our guest for this week’s show is Ground Lease Investment Expert and president of ground lease capital partners, Steven Waldman.

In today’s interview with Steven, we’re going to discuss how to generate long-term and low-risk income streams by investing in what he calls the “ultimate passive commercial investment vehicle”, which are ground leases.

Steven is one of the foremost experts in the industry and has spent his entire career focused on this specific niche, and having been involved in more than $1.5 billion dollars worth of transactions, I’d say he’s highly qualified to speak with us today on this exciting topic.

 

In this show with Steven you’re going to learn:

  • How Steven got his start in the ground lease business and why he feels it’s the best investment vehicle available when compared to other traditional commercial investment types.
  • What exactly a ground lease is and how they are structured for investors
  • The benefits of a ground lease for both the landowner and the building owner or developer who will be building on top of the leased land.
  • Why ground leases typically make better passive investments than credit tenant NNN net investments.
  • What happens in the event of a default on a ground lease agreement and why the landowner is in a very safe position
  • Learn about the strategy of purchasing an existing property and selling off the land lease component and how you can utilize this creative technique in your own business.
  • And much more

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: FBF_113_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Today's Mobile Home Park Episode is from Episode #26 that originally aired on Sep 20, 2016. 

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: MHP__26n.mp3
Category:general -- posted at: 12:00am EDT

Will Mercer is a Real Estate Investor, Developer, and Entrepreneur.

Will is the Founder & CEO of Umaya Village, a community of remote workers and teams nestled on a paradise beach in BelizePrior to Umaya, Will was Venture Director at Zag, the investment arm of global creative agency BBH. In his role, he led investments into 9 companies and oversaw a portfolio of 30 ventures which doubled in value during his tenure.

Quote:

“When the pandemic hit, attitudes towards remote work changed irreversibly forever. I think that’s the fundamental thing that people really need to understand which is that this isn’t going away.”

Highlights:

2:02 - Will tells listeners more about his background in real estate.

08:26 - Will shares his thoughts on the future of co-working in a post-covid world.

10:45 - Will discusses the impact the pandemic had on opportunities and office spaces.

17:47 - Will talks about the mechanics and finances of Umaya Village.

19:41 - Will provides insight into how Umaya Village operates.

23:09 - Will touches on what his business plan brings to the table.

26:16 - Will describes his business model’s scalability.

Guest Website:

https://www.umayavillage.com/

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 353_Will_Mercer_mixdown.mp3
Category:general -- posted at: 12:00am EDT

#368 FBF: How to go from 0 to 70,000 multifamily units in less than 20 years – with Jerry Fink

Today's Flash Back Friday Episode is from Episode #91 that originally aired in October of 2015.

Our guest for this week’s show is multifamily expert and cofounder of the Bascom Group, Jerry Fink. In today’s interview I speak with Jerry about the founding of his investment group some 19 years ago and how he and his team have been able to complete more than $9.5 billion of multifamily repositioning’s and have owned more than 70,000 doors.  Jerry’s story is both inspiring and educational as he shares with us the core ingredients that got him and his team to where they are today and how you can apply these same principals to your own real estate business.       

 In this show with Jerry you’re going to learn:

  • How Jerry got his start in the business prior to forming the Bascom group.
  • The valuable lessons he learned from flipping distressed single family homes prior to leaving his corporate job.
  • The opportunity he saw during the mid-nineties RE crash which led him and his two former college buddies to all jump ship from their corporate gigs and launch the Bascom Group to focus on distressed multifamily properties.
  • The many reasons why they decided to choose multifamily as their asset of choice versus one of the other commercial sectors.
  • The challenges he and his team faced during the recession of 2008 and how they were able to survive and thrive while others were forced to close up shop.
  • His method for looking at 1,000 potential opportunities only to find 10 or less that fit his investment model, and then narrowing it down to 1 or 2 that make the final cut.
  • Why he suggests that you should never buy solely on cap rate, and if you do, why you run the risk of missing some potentially great deals.
  • Why they prefer to hire the best in class property Management Company rather than vertically integrating the management duties in-house.
  • The reason he feels that we’re currently in inning 6 or 7 of the current real estate cycle and what this means for you.
  • The process that Jerry and his team goes through when repositioning a property and how they can sometimes experience a significance decrease in tenant occupancy before being able to make any forward progress.
  • Why he feels that passion should fuel what are of real estate that you focus in and why you need to surround yourself with experts and professionals who know more than you.
  • And much more

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: FBF_91_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Today's Mobile Home Park Episode is from Episode #122 that originally aired on Jan 06, 2021. 

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 122_MHP_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Michael is a principal at Origin Investments, a private real estate investment firm that operates more than 5,000 multi-family units in 14 cities, across 8 states.  

Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. After a 16 year trading career, Michael retired from trading in late 2005.

 

In 2007, Michael and business partner founded Origin Investments. In the 14 years since, Origin has executed more than $2.3 billion in real estate transactions, with an average equity multiple of 2.4x, and has never produced a realized loss for any of their 1,400 investment partners. 

 

 

Quote:

“We always say at our company: you only need to get rich once…we are really good risk managers, and our job is to make sure, number one, that we don’t lose money and number 2 is that we position ourselves in a way, make really good choices, put ourselves in good assets, and let the upside take care of itself.”

Highlights:

03:05 - Michael tells listeners how he got started in real estate.

10:45 - Michael discusses being disciplined at Origin’s inception during the 2008 recession.

14:40 - Michael describes asset classes Origin has explored.

17:20 - Michael explains strategy and how Origin acts as an LP.

23:22 - Michael provides insight into the markets they love and those they’re avoiding.

27:47 - Michael touches on retention strategies.

34:07 - Michael answers Kevin’s golden nugget question and what he should have done differently.

Guest Website:

https://origininvestments.com/

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 352_Michael_Episcope_mixdown.mp3
Category:general -- posted at: 12:00am EDT

#365 FBF: Learn Multi-Family investing from the guy who literally wrote the book on it - with Steve Berges
Today's Flash Back Friday Episode is from Episode #77 that originally aired in July of 2015. 

This week we're going to speak with Multi-Family industry expert, Steve Berges. If you've read any books on the topic of Multi-Family investing then you're probably familiar with Steve and his teachings.

Steve has been in this industry for quite some time and has completed more than $250 million in transactions from subdivision developments, to residential construction, single-family rentals, and of course, his favorite - multifamily apartment buildings!

Here are a few things you’ll learn in our interview with Steve today:

  • How he got his start in the business prior to becoming an owner/operator
  • The management advantages of owning multi-family properties versus single-family homes
  • Why he feels that self-managing his first few multi-family properties was such a valuable learning experience.
  • How he's converting unused garage space into rentable units on an apartment property he's currently acquiring.
  • Why he doesn't prefer to do 1031 exchanges upon the exit of a property
  • What excites him about the Houston market
  • Why he prefers not to put his own money into the syndications he structures
  • Why building quality relationships with brokers is a long term game plan that you need to continually invest your time into building upon
  • Why he suggests that all new multi-family investors join a local investment club or apartment association
  • Why Steve suggests that new investors should seek out a more experienced investor to team up or partner with who specializes in the particular asset type they wish to own
  • The various reports and industry resources that he uses in his own business and how you can get most of them for free.
  • And much more

Learn About Investment and Partnership Opportunities with Kevin and His Team 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  

 

Direct download: FBF_77_mixdown.mp3
Category:general -- posted at: 12:00am EDT

Today's Mobile Home Park Episode is from Episode #112 that originally aired on April 03, 2020. 

Learn About Investment and Partnership Opportunities with Kevin and His Team
 

Recommended Resources: 

  • Check out our company and our investment opportunity by visitingwww.SunriseCapitalInvestors.com 
  • Self Directed IRA Investment Opportunity –Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA 
  • Accredited InvestorsClick Hereto learn more about partnering with me and my team on Mobile Home Park deals! 
  • Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid themMobileHomeParkAcademy.com 
  • Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this linkhttps://www.timetrade.com/book/KV2D2  
Direct download: 112_MHP_mixdown.mp3
Category:general -- posted at: 12:00am EDT

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