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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 Sep 21, 2022
Wednesday Sep 21, 2022
Host: Casey Silveria
Guest: Derek Clifford
Hello everyone and welcome back to Farming for Passive Income show where we strive to educate the agricultural community on hands-off commercial real estate investing and growing their business.
I’m your host Casey Silveria and today we are joined today by Derek Clifford.
Derek Clifford is a successful single and multifamily real estate investor, author and podcaster.
He has retired himself from his full time corporate job back in September of 2021. Today he controls 400+ apartment units with over $50M AUM (Assets Under Management). His podcast, the "Elevate Your Equity" show focuses on helping corporate married professionals find and create three degrees of freedom: location, time, and financial. As the founder and CEO of Elevate Equity, Derek and his wife Sophie, partners with individuals and companies to purchase, improve, and operate cash flowing multifamily apartment real estate in the Midwest and South. Derek published his first book "Part-Time Real Estate Investing for Full-Time Professionals," in 2020, which has helped several people get started on the path of growing their passive income on the side while working a full-time corporate job.
He and his wife Sophie are now travelling the world while running their businesses and real estate portfolios, calling "home" wherever their current AirBNB's are booked. Places they've travelled to in the last year include Canada, Portugal, England, Ireland, Greece, Iceland, Norway, and Italy.
He also loves to give back his knowledge and has a passion for breaking down complex ideas into easy to explain topics. He’s helped many people start, maintain, and grow their portfolios to achieve their own financial independence. In his spare time, Derek enjoys relaxing with his wife, biking, hiking, reading, and undertaking small household construction projects.
Show notes:
00:40 His background or how he started CRE
6:50 “what’s good for you is what’s good for me too”
9:30 His business transition
12:57 Entity structure or the relationships of GP and LP
17:37 How do they position themselves in the market to ensure they are delivering their promises to the LP
22:50 Principles he use in his financial underwriting to ensure the returns on his investors
26:20 Their cutbacks and reserved budgets; tips and techniques
30:06 How do they execute their value add strategy on various locations
34:10 Reasons why Multifamily is a great asset class and why he prefers a larger deal than Single family
38:25 Wrap up
You can reach out to Derek via email at mailto:derek@elevateequity.org, visit his website where you can find hid podcast, blogs, and videos at https://elevateequity.org. If you'd like to find out the 5 forms of Equity that Derek and his wife developed together at home to create a life of choice and freedom, check out his free e-book at https://elevateequity.org/podcastgift
Wednesday Sep 14, 2022
Wednesday Sep 14, 2022
Melanie is the founder of Freestyle Capital Group, a boutique private equity firm, and Freestyle Fund, a customizable Fund. She partners with passive investors to invest in private equity real estate transactions across a variety of asset classes, operators, geographies, and investment strategies. Melanie offers diversified investment opportunities, and aims to have a personal relationship with each investor. She runs a fund, owns equity in multiple deals and in multiple asset classes.
Show notes:
01:06 Introduction to her company and personal background
11:10 How did she get her fund?
17: Her Deals and Investments
26:25 Her future plans in Multifamily and Co-living
29:30 How does she finds assets that meet her requirements?
31:25 How is she sourcing and building relationships?
34:30 Her Journey as a Passive Investor
40:00 Wrap Up
Connect with Melanie!
IG: @freestylecapitalgroup
TW:@freestyleinvest
FB: https://www.facebook.com/freestylecapitalgroup
YT: Your Passport to Financial Freedom
LI: https://www.linkedin.com/in/melaniemcdanielinvest/
Email: melanie@freestylecapitalgroup.com
Wednesday Sep 07, 2022
Wednesday Sep 07, 2022
Hello everyone and welcome back to Farming for Passive Income show where we strive to educate the agricultural community on hands-off commercial real estate investing and growing their business.
We are joined today by Jesse Dickens.
Jesse Dickens has a background in cardiovascular sonography and is currently the Director of Operations for a mobile imaging center in Denver, CO. He started investing in Multifamily back in 2020, after a brief dabbling in the single family space. After successfully completing three Multifamily acquisitions in Tucson, AZ, he decided to get the word out to the medical community and started Wealthcare Capital Partners, a firm based around providing real estate education to healthcare professionals. He is currently under contract on a portfolio deal in Greenville, SC and plans to continue growing his portfolio in both the Arizona and South Carolina markets.
Show notes:
0:50 Introduction & his journey on how he entered Commercial /Real Estate
10:15 Why Multifamily?
16:50 Jesse’s criteria and framework in to markets and deals
20:30 Financial assumptions his inputting on his models
23:05 Why does an increase cap rate at the sale matter in terms of the returns?
28:56 His personal story, hiccups, and analysis paralysis entering CRE
33:00 What are the passive investors should look before investing?
37:05 How is he structuring different debt instruments into their deals and how are they ensuring that these are conservatively underwritten?
40:49 Wrap up
Connect with Jesse!
Wealthcare Capital Partners: www.wealthcarecap.com
Email: jesse@wealthcarecap.com
Wednesday Aug 31, 2022
Wednesday Aug 31, 2022
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.
We are joined today by Stewart Heath
Stewart Heath is a passionate entrepreneur and leader with over 35 years of experience implementing efficient operations to transform organizations with a path to profitability.
He found an interest in his career at an early age while watching his CPA father produce business success for clients. Stewart is CEO of Harvard Grace Capital and real estate syndicator. His firm focuses on Office, Retail, and Self-storage
Show notes:
01:30 Stewart’s background, his company, and how he got into CRE
06:49 HIs first deal and the succeeding ones
09:45 Capital rate explanation and calculation
15:25 Takeaways from his 10 to -5 in 90 Days story
24:17 Reassessment of Property Taxes
25:35 His Strategy on Sale and Refinances
28:00 Appreciation on shorter term holds versus longer term holds
30:15 Process of Investing through IRAs
36:30 Wrap up
Connect with Stewart!
https://calendly.com/sheath-harvardgrace
Wednesday Aug 31, 2022
Wednesday Aug 31, 2022
Hello everyone and welcome 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.
We are joined today by Tosin Oduwole
Tosin is a Real estate entrepreneur, a fund manager, an author, and someone who has truly impacted his community. He was born and raised in the Midwest to parents who quickly amassed a real estate portfolio of 200 units before they were 26 years old. Often Tosin would accompany his mother to supervise the properties as a small portion of them were self-managed. It was here he was introduced to earning income through semi-passive cash-flowing assets instead of physical labor.
Today Tosin is the founder of Building Acquisition Partners United, a regulation D 506c fund that has a focus on Midwest apartment complexes.
He's an author of Focus On The Fix, a book crafted from a 2018 Ted Talk he gave aimed at always looking for solutions in times of tribulation.
Find out more about 506B offering here with the SEC .
Connect with Tosin!
Email: Tosin@bapinited.com Instagram: https://www.instagram.com/bapunited/
Instagram: https://www.instagram.com/tosin_oduwole/
Book: Focus On The Fix - Tosin Oduwole https://www.amazon.com/Focus-Fix-Opti...
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Monday Aug 29, 2022
Monday Aug 29, 2022
Introduction from the host, Casey Silveria.
Podchaser token:
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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