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Welcome to the StoryFinance podcast, where we’ll help you gain financial literacy by breaking down finance concepts and strategies through stories, not theory or accounting rules. Tune in and learn from experts who’ve been in your shoes. Numbers can be tricky. This podcast will help.
Episodes
Wednesday Jul 05, 2023
Wednesday Jul 05, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Kacee Bohle, is an Ag coach known as Ag Coach Kacee. She is from West Central Indiana and is a fourth-generation farmer's daughter. She is a certified leadership coach and has a passion for helping others in the industry. Taking a few things up a notch. She does this through Agraminds, her 12-week program that focuses on intertwining personal and professional development for those in the Agricultural industry.
2:05 How did she become an Ag coach?
3:45 “You can't ride a bike if you have never been taught how to ride a bike or have never experienced it yourself.”
5:40 How did she address seasonality and variability in agriculture within your coaching program over time?
8:00 “Investing in yourself, personally and professionally, should come out of a different budget than investing into your farm.”
9:50 “The Working Genius”
12:20 The President and Janitor story
15:40 “Discernment piece and leveraging the people.”
30:30 Team maps
33:50 “The team map is the yield monitor for your people.”
36:40 If you're in the business and you're running, and you're going full force on whatever work that you're doing, do that, be there. But when you're home, be there.”
38:30 Takeaway from Kacee
“It's important to have a plan. It's important to have intentionality, but also know you need to live now, no matter how much you prepare for the future you've got right now. And that's the only thing that is promised to you.
Connect with Kacee:
Social media: @agcoachKacee
Wesbite: www.kaceebohle.com
Wednesday Jun 28, 2023
Wednesday Jun 28, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Travis Smith is a grateful husband, father, entrepreneur, fintech guru, and passive investor in real estate. He is the Founder and CEO of Tribevest, which has built out the banking and collaborative infrastructure of the private investing world. Tribevest’s transparent technology has made it easy and safe to invest as a group and do deals together in as little as 48 hours.
Travis is part of the movement and one of the millions of conventional Wall Street investors breaking through the financial and societal barriers preventing most Americans from gaining access to the best real estate equity deals. Travis won’t stop until every single deal on and off the internet is an opportunity for a multi-player experience. He is building Tribevest, so you don’t always have to go it alone.
3:00- Group Investing | Leveraging efficiencies in TribeVest
5:20- TribeVest’s app
8:40- The other application - limited partners investing in syndication
16:00 506B and 506C
19:30 A possibility that non-accredited investors can take a certain test and become accredited
22:00 How he started?
25:00 How TribeVest is using communities
27:30 Odd things that people are using TribeVest to go to
33:00 The future of TribeVEst
35:00 Takeaway from Travis
Connect with Travis:
Website: www.tribevest.com
LinkedInTravis Smith
Wednesday Jun 21, 2023
Wednesday Jun 21, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Scott Maurer is an attorney and a graduate of the University of Florida Law School. Scott started his career with Advanta IRA in 2006. His experience with various investment types and their unique processes makes him an invaluable asset. Scott holds the designation of Certified IRA Services Professional (CISP) and leads engaging seminars and webinars that educate the public on the intricacies of self-directed IRAs. Outside of work, Scott is an avid Tampa Bay Lightning and Tottenham Hotspur fan and loves to spend time with his family.
2:00 - The meaning of Self Directed IRA
3:25 - “A self-directed IRA - is you making the decisions on how best to invest your retirement funds.”
6:45 Misconception about Self-directed IRA
9:10 Can you withdraw my investment from Real Estate if I have 50% of my portfolio allocated to it and I am dissatisfied with its performance? Are there any associated fees for doing so?
10:25 Are there people who back out after investing and go back to the stock market?
12:35 When investing in real estate syndication using a self-directed IRA, can you immediately withdraw the cash flow to pay for your mortgage, or does the account need to be held? Are there any stipulations regarding the tax-free status of the funds?
14:15 Are there any limitations or rules, such as the 4% rule, regarding withdrawals from a self-directed IRA account?
15:45 Can you pass these accounts on to your children?
18:05 Roth IRAs
22:25 Is there different limitations on how much you can invest per year in each type of IRA account?
30:40 The value of Self-directed IRA
32:40 SEP account
34:30 Solo 401Ks
34:55 Takeaway from Scott
Connect with Scott:
Website - www.advantaira.com
Phone - 800 425 0653 ext 113
Wednesday Jun 14, 2023
Wednesday Jun 14, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Jon Dwoskin overcame every possible life experience that could’ve gotten him stuck! He is the author of The Think Big Movement, and Founder of The Jon Dwoskin Experience. At the age of 18, Jon already knew what he wanted to do and that was to help people reach their potential. But at age 30, he was diagnosed with cancer. And in 2008, a month after getting into a C-suite exec position, the market crashed.
2:28 Where did his passion come from?
05:20 The process of restructuring a business
09:20 How does Jon help people define clarity?
11:46 “Understanding how time works and how to prioritize is critical.”
12:25 Structuring and utilizing your calendar
15:04 His thoughts on the eat the frog concept of the Deep book
22:03 Strategic partners to look for in their business
29:00 The 24-hour rule
31:01 How does he foster courage in small businesses or large businesses?
35:17 Takeaway from Jon
Connect with Jon:
(248) 535-7796
Website: jondwoskin.com
Wednesday Jun 07, 2023
Wednesday Jun 07, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Jordan D’Silva is the CEO of Web City Properties, a family-owned and operated real estate investment firm focused on single-family rentals, value-add multifamily, and residential development in southern Dallas and surrounding areas. Web City Properties has 14 full-time employees and over 40M in assets under management.
Web City Properties was started by Jordan’s father, John D’Silva, in 2005. John was an immigrant who came to the United States from India in the 1970s and built multiple businesses from the ground up before starting Web City Properties in Dallas with the intention to buy, rehab, sell, and rent single-family homes in southern Dallas. He grew the business to 500+ units over 15 years before passing away in 2020. Jordan D’Silva took over after his passing and has worked to pivot the company’s investment strategy into multifamily and development opportunities.
Jordan has had success identifying new investment opportunities acquiring 30+ single-family rentals since 2020, a 12-unit multifamily property in Weatherford in April 2022 and is a partner on a 96-unit student housing property in Waco, TX. He has successfully built two single-family houses and is currently building another three more in DFW. He has multiple opportunities in the pipeline including a 24 unit SFR portfolio and a co-warehousing investment opportunity.
Jordan is also passionate about creating social impact in Dallas, starting a nonprofit to work with local organizations and entrepreneurs to create grassroot level solutions to systemic problems impacting the community. He has consulted with 3+ entrepreneurs, created multiple partnerships with local housing organizations to provide support services, and is poised to lead an immigrant business incubation program in Spring 2023.
2:08 How Jordan started?
5:30 Is it common for there to be a significant undersupply of housing in Dallas, with approximately 10 million homes underdeveloped for housing?
6:37 “The more multi-family you can get, the faster you can scale and the greater impact you can have.”
7:15 Zoning Restrictions in Dallas
08:55 What ADU means?
16:10 Their in-house property management
19:10 “Build out our portfolio first and then look at the potential to expand.”
19:40 How are they simultaneously improving or adding value for their tenants and company?
26:40 How are you adapting your approach to deal analysis considering development costs and interest rates in the current nuanced economic situation?
30:40 How do they mitigate risk?
33:22 Takeaway from Jordan
Connect with Jordan:
Website: www.webcityequity.com
LinkedIn: Jordan Dsilva
Wednesday May 31, 2023
Wednesday May 31, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Elaine Froese is a professional speaker, writer, and coach who specializes in helping farm families work through issues surrounding succession, business or that family favorite – communication. Elaine is known as “Canada’s Farm Whisperer,” and she’s been a columnist in Grainews for 26 years.
Elaine is a member of the Canadian Association of Farm Advisors and the Canadian Association of Professional Speakers with the CSP, certified speaking professional designation. Many folks tell Elaine that they “wish they had met her ten years ago.” Her awards include Excellence in Farm Mgt (Wilson Loree 2018), 4-H Canada’s Most Distinguished Alumna (2018), Manitoba 150 Women Trailblazer (2020), Certificate of Merit U of Manitoba Faculty of Ag. (2021)
1:37 How she started being a Family Farm Coach?
03:22 The main pain points she solves
04:25 Why Conflict is not bad and hard to tackle?
7:35 Why Farm Families are avoiding conflict?
10:15 How did she become Canada’s Farm Whisperer?
11:51 3 links - Family, Management, and Ownership system
16:35 Her number question as a Farm Coach
17:25 Financial Transparency in Farm Transition
18:37 A sample of Farm Transition discussion
24:25 “Different is not wrong, it is just different”
26:30 Identifying the conflict mindset
29:40 “You do not have, because you do not ask.”
31:50 Discussion of the books she wrote
35:50 “Life is like a roll of toilet paper. The faster, the quicker you get to the end of the roll.”
37:25 Takeaway from Elaine
Connect with Elaine:
Instagram / Facebook / Tiktok: @farmfamilycoach
Wednesday May 24, 2023
Wednesday May 24, 2023
Host: Casey Silveria
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Guest: Fernando Angelucci
By the age of 30, Fernando Angelucci has built a portfolio of over $200,000,000 in self-storage assets across the country within the last four years. Fernando diversified his investments between purchasing existing cash-flowing assets, building ground-up, class A, REIT-grade facilities, and utilizing adaptive reuse conversions of big box retail stores into premium self-storage. In addition to his own acquisitions, Fernando provides other self-storage investors access to off-market facilities at drastic discounts, capital for strategic partnerships, and opportunities for passive investors to participate in self-storage syndications.
1:36 How he started?
3:40 Eviction story on his multifamily assets
6:45 Why he loves Self Storage?
16:43 How self-storage played during the pandemic?
18:40 “Once you reach 90% occupancy, throw on a waitlist for the consumers.”
20:35 Is Self-storage saturated?
22:20 What are Supply Index numbers?
24:20 How would they know the feasibility of the market? “Secret shopping”
26:30 How do they know when to pass and find a new investment?
Connect with Fernando::
IG - @thestoragestud
Contact number - 630.408.8090
Wednesday May 17, 2023
Wednesday May 17, 2023
Hello everyone and welcome back to the Farming for Passive Income show where we strive to educate the agricultural community on how to create alternative income streams and diversification through commercial real estate private equity.
Hersh Rai is Chief Growth Officer of Serenity Stays, a boutique short term and mid term rental management company. He primarily focuses on lead generation, client interaction, marketing, and outreach. Beyond his day-to-day responsibilities, Hersh is extremely passionate about delivering state-of-the-art management solutions for clients and ‘serene’ experiences for guests.
Hersh is also an active investor focused in the commercial multifamily, manufactured housing, and new development spaces. He is a managing partner of RaiVu, a real estate-based private equity firm. Hersh is a graduate of the United States Naval Academy and Purdue University.
1:50 - How did he start in the Airbnb Industry?
04:40 - His Clients
08:30 - Different value add strategies for midterm rental offset
09:10 - How their company implements strategies to streamline operations and address those pain points effectively?
12:00 - Local boots on the ground or online?
15:45 - The knowledge, processes, and mindset from his academy experience incorporate into his current approach
19:15 - The challenges he anticipates in the markets he is investing
27:30 How does his company approach building relationships and communicating with local municipalities to navigate the certificate of occupancy requirements and address the regulations surrounding Airbnb and mid-to-long-term rentals?
33:20 - Takeaway from Hersh
Connect with Hersh Rai:
Website: serenitystays.com
Email: hersh@serenitystays.com
LinkedIn: Hersh Rai
A Warm Welcome!
Hey there, fellow farmer and investor enthusiasts! I'm Casey Silveria, and I'm stoked to introduce our podcast, Farming for Passive Income. You know, farmers are no strangers to rolling up our sleeves and getting our hands dirty, but what if I told you there's a whole world of commercial real estate investing out there that could help you grow your wealth—passively? That's right, my friends! Our podcast is all about educating our beloved agricultural community on the ins and outs of investing in commercial real estate, so you can kick back and watch your profits sprout like a healthy cornfield. Join me on this journey as we explore ways to achieve financial fortitude and a steady stream of passive income, all while staying true to our farming roots!
You won't want to miss what we're up to at our firm. To keep yourself updated on new and upcoming investing opportunities, hit me up by checking out www.farmerscapitalgroup.com/join