The Wealth Clock Podcast — Real Estate, Passive Income, and Wealth Strategies with Steven Weinstock

Steven Weinstock
  • 5.0 (1)
  • Investing

The Wealth Clock Podcast with Steven Weinstock brings you real conversations with top real estate operators, fund managers, and business founders who share exactly how they build wealth, raise capital, and create passive income. For nearly 25 years, Steven has been investing in real estate — from single-family homes to large multifamily properties — and now manages multiple investment funds including WE Capital, the Goethals Capital Fund, and the WE Capital Mortgage Fund. Each episode reveals practical strategies for buying properties, structuring funds, and protecting wealth through smart investing. Listeners will discover insights on real estate syndications, private lending, deal structure, and long-term wealth building — all from people who are actively doing it in the real world. If you’re ready to grow your portfolio, generate passive income, and learn from proven operators, subscribe to The Wealth Clock Podcast today. For investor resources and upcoming opportunities, visit WeCapitalX.com

  1. 6d ago

    Sold Homes for Others, Now Owns Nearly 1,000 Apartment Units | EP50 | Luis Frias

    Luis Frias sold houses for other people. Then he stopped, and started buying multifamily property instead. In this episode of The Wealth Clock, Steven Weinstock sits down with Luis Frias, Founder and Principal of CalTex Capital Group in San Antonio, Texas. Luis started in real estate in 2015 as an agent working alongside his mother's team, moved into commercial brokerage almost by accident after a fifteen minute property tour turned into a signed deal, and spent years brokering multifamily transactions before founding CalTex Capital Group in 2019. He didn't close his first acquisition until 2022, three years later, because he refused to overpay in a red hot, cheap debt market while other buyers kept bidding. Since then he has scaled to nearly 1,000 units across five apartment communities in Texas, plus a separate debt fund spread across seventeen more properties in San Antonio, Austin, and Houston. In 2025, Luis was named Independent Rental Owner of the Year, and he now serves as the 2026 Education Chair for the San Antonio Apartment Association. He explains what he thinks earned him that recognition, and why he believes operations, not renovations, are what actually separate winning multifamily deals from the rest. Steven and Luis cover: - Why Luis walked away from 3 years of a hot, cheap debt market instead of overpaying for his first deal - What life before real estate looked like, from a mailroom job to JROTC to playing long snapper in college - What actually happens on a multifamily acquisition team, from sourcing through closing - How passive investors get exposure to multifamily real estate without dealing with the toilets, the tenants, and the termites - The "one, two, three punch" of multifamily returns: cash flow, depreciation from a cost segregation study, and profit from a sale or refinance - Why a 6 percent cash on cash return can beat a 9 percent bank return once depreciation and appreciation are factored in - Why Luis believes operations, not renovations, are what actually drive returns - How Luis's property outperformed the San Antonio metro average occupancy in a market posting negative rent growth - What earned Luis Independent Rental Owner of the Year in 2025 Connect with Luis Frias: Website: www.caltexcapitalgroup.com LinkedIn: https://www.linkedin.com/in/friasluis/ Facebook: https://www.facebook.com/luis.frias.315 Email: luis@caltexcapitalgroup.com The Wealth Clock Podcast with Steven Weinstock brings you real conversations with top real estate operators, fund managers, and business founders who share exactly how they build wealth, raise capital, and create passive income. For nearly 25 years, Steven has been investing in real estate, from single family homes to large multifamily properties, and now manages multiple investment funds including WE Capital, the Goethals Capital Fund, and the WE Capital Mortgage Fund. If you are an accredited or non accredited investor looking for passive income through real estate backed debt, learn more about the WE Capital Mortgage Fund. And if you own rental property and want to turn your bulk cable and internet agreements into recurring revenue, check out CableNOI at cablenoi.com. Subscribe to The Wealth Clock for new episodes with real estate investors, fund managers, and business founders who are actually doing it. multifamily real estate investing, passive income real estate, real estate syndication, San Antonio real estate investor, value add multifamily, real estate agent to investor, commercial real estate broker, apartment syndication, real estate fund manager, cost segregation, DSCR loan, limited partner vs general partner, property management San Antonio, San Antonio Apartment Association, CalTex Capital Group, Luis Frias, real estate investing podcast

    Sold Homes for Others, Now Owns Nearly 1,000 Apartment Units | EP50 | Luis Frias

  2. Sep 21

    He Quit His Job and Never Touched a Single Product | Pedro Bermudez | EP49

    Pedro Bermudez left a corporate career and built an Amazon FBA ecommerce business to $2,000,000 in revenue in his first year, without ever picking, packing, or shipping a single product himself. On this episode of The Wealth Clock with Steven Weinstock, Pedro breaks down exactly how he did it, and how he later built a second $2,000,000 a year business, this time as a personal brand on LinkedIn. Pedro is the founder of Reseller Engine, where he teaches corporate professionals how to build an Amazon reselling business as a side income. He got his start on eBay before moving to Amazon FBA in 2015, and has since built direct brand relationships and a coaching business that has helped clients go from a few thousand dollars a month to a few thousand dollars a day. In this conversation, Pedro and Steven cover: How Pedro discovered ecommerce reselling on eBay and later scaled through Amazon's fulfillment by Amazon program Why owning inventory beats drop shipping when you have access to Amazon's sales data How Amazon began restricting sellers around 2022 and 2023, and why brand relationships are now the only sustainable path How Pedro pitches brand founders on exclusive distribution deals and payment terms The product categories Pedro avoids, and why returns make women's clothing one of the hardest categories to sell The biggest mistake Pedro made, waiting too long to leave his corporate job Why Pedro built his personal brand on LinkedIn instead of paying for ads on Instagram How Pedro thinks about building a side income in secret while still holding down a corporate job The identity shift Pedro experienced once he stopped being afraid to take risks This episode is for anyone who feels like their corporate paycheck does not match their actual value, anyone considering an Amazon FBA business or ecommerce reselling as a side hustle, and anyone curious how a personal brand on LinkedIn can replace paid advertising entirely. Episode chapters 00:00 Introduction and Pedro's background 01:27 What corporate life actually looked like for Pedro 02:38 The industries Pedro worked in before leaving corporate 04:46 Why Pedro chose ecommerce and how he started on eBay 06:33 Why Pedro owns his inventory instead of drop shipping 07:31 The product categories Pedro has sold over the years 08:40 How Amazon started restricting sellers in 2022 and 2023 09:41 Getting registered directly with brands on Amazon 13:17 Pedro's actual pitch to brand founders 14:53 The biggest mistake Pedro made in his first year 16:13 The product categories Pedro avoids and why 18:01 How Pedro started coaching other people to do this 19:51 Who Pedro's coaching clients actually are 21:59 Why Pedro built his personal brand on LinkedIn 23:56 Why building a side income in secret matters 25:06 The identity shift since leaving corporate life 25:53 How to reach Pedro and where to find him About the guest Pedro Bermudez is the founder of Reseller Engine, teaching corporate professionals how to build an Amazon ecommerce business as a side income. He also runs an ecommerce store with his wife of over ten years. Connect with Pedro Bermudez LinkedIn: https://www.linkedin.com/in/pedro-bermudez-reseller-engine/ Instagram: @income.savvy YouTube: https://www.youtube.com/channel/UC1LEb2JayW6tjCzoT9x8UIw Email: hello@resellerengine.io About The Wealth Clock The Wealth Clock with Steven Weinstock features real stories about money, real estate, investing, and entrepreneurship. Steven Weinstock is the founder of WE Capital, a real estate investment and syndication company, and hosts conversations with people who have built real businesses, made real mistakes, and learned real lessons along the way. New episodes cover ecommerce, Amazon FBA, real estate syndication, multifamily investing, side hustles, and building wealth outside of a traditional 9 to 5 job. Subscribe to The Wealth Clock for new episodes every week, and follow along on YouTube, Apple Podcasts, and Spotify.

    He Quit His Job and Never Touched a Single Product | Pedro Bermudez | EP49

  3. Sep 10

    Sandy Weill: He Built a Trillion Dollar Bank by Buying Broken Companies

    For weeks, Sandy Weill's only client was his own mother. He was a terrible salesman. What he was good at was spotting good businesses hiding inside bad ones, and that instinct built one of the largest financial empires in American history. Twice. In this episode of The Wealth Clock, Steven Weinstock tells the full story: the acquisition machine that built Shearson, the fallout that got Weill pushed out of American Express at 52, the $7 million bet on a company nobody wanted that became his comeback, and the $70 billion merger that technically broke a 66 year old federal banking law. Steven covers: - How a Brooklyn kid with no sales ability built and sold one of Wall Street's biggest brokerages - The comeback: betting $7 million of his own money on Commercial Credit at 52 - Why the Travelers and Citicorp merger was illegal when it was signed, and how Glass Steagall got repealed to fix that - The firing of his own protege, Jamie Dimon, weeks after their biggest win together - The 2008 collapse, and why Weill later called for breaking up the banks he helped build - A 6 step acquisition playbook real estate investors can apply today If you're building anything through acquisitions, roll ups, or distressed asset deals, this episode is a masterclass in the strategy and the risk that comes with it. For investor resources and upcoming opportunities, visit WeCapitalX.com 0:00 Cold Open: The Greenbrier Firing 1:39 Brooklyn: The Kid Whose Only Client Was His Mother 3:38 Building the Acquisition Machine (Hayden Stone) 6:35 Selling to American Express, and Losing the Top Job 9:05 The Comeback: $7 Million and Commercial Credit 10:46 The Roll Up: Primerica, Travelers, Buying Back Shearson, Salomon 13:14 The Citicorp Deal and Breaking Glass Steagall 16:12 Firing Jamie Dimon 18:15 The Fall and the 2008 Reckoning 20:55 The Real Estate Investor's Playbook 22:54 Close: Both Are True

    Sandy Weill: He Built a Trillion Dollar Bank by Buying Broken Companies

  4. Sep 2

    Muriel Touati: Her LinkedIn Content Strategy Explained - EP48

    Muriel Touati runs a full digital marketing agency and built a LinkedIn training system with over 120 documented success stories, and on this episode of The Wealth Clock with Steven Weinstock she breaks down her actual content strategy, the mistake most founders make with their own marketing, and how she turns LinkedIn and email into a real client acquisition engine. Muriel is the founder of Muriel Touati Digital Marketing, formerly Exit 3D Studio, a full service agency covering website creation, branding, positioning and social media. Originally from Nice, France, she now runs her business from New York City and holds a master's degree in marketing strategy. Steven and Muriel get into her content strategy formula of leading with storytelling before the offer, why some founders spend months perfecting a LinkedIn profile instead of getting clients, how pillar content lets one podcast episode or blog post turn into dozens of smaller pieces, and how building her business across French and American markets changed the way she thinks about trust and positioning. Muriel also shares details on her new book, The Valuation Gap, What Buyers See That Sellers Miss, available now on Amazon in Kindle and paperback. Subscribe to The Wealth Clock for more conversations with founders, operators and closers who share what really works. LinkedIn content strategy for founders 1. LinkedIn lead generation 2. digital marketing agency for founders 3. content strategy for service businesses 4. pillar content repurposing 5. LinkedIn client acquisition system - how to get clients on LinkedIn as a consultant - LinkedIn content strategy that doesn't feel salesy - how to repurpose one piece of content into many - digital marketing mistakes founders make - storytelling content strategy for LinkedIn 1. Muriel Touati: "It's a content strategy, how you lead with storytelling and then get back to your offer." 2. Steven Weinstock: "A lot of their content is not necessarily about them flexing their business." 3. Muriel Touati on the real reason founders fail on LinkedIn: "They just do their profile for so long and they don't go get the client." 4. Why your podcast episode is actually 50 pieces of content, not one. 5. Muriel Touati: "I don't do ecommerce because it's a different thing." 6. The one question Muriel asks before taking on a new marketing client: would they take a call before closing a sale?

    Muriel Touati: Her LinkedIn Content Strategy Explained - EP48

  5. Aug 30 ·  Bonus

    Harry Helmsley: How a Bronx Office Boy Bought the Empire State Building

    Harry Helmsley never finished high school. He grew up in the Bronx, son of a wholesale dry goods buyer, dropped out of Evander Childs High School, and started his real estate career at sixteen as an office boy at a small Manhattan firm — a job he got because his grandfather made a phone call. By the time Harry Helmsley died in January 1997 at eighty-seven, Forbes ranked him the 67th richest person in America, with a net worth of $1.7 billion, and the broader Helmsley empire was valued at roughly $5 billion. This Deep Dive episode of The Wealth Clock tells the story of how that happened. Helmsley's mother gave him one piece of advice: "Buy real estate." In 1936, at twenty-seven, he bought a run-down office building for $1,000 and sold it a decade later for $165,000. He made partner while still young, bought the firm outright in 1938, and renamed it Dwight, Voorhis and Helmsley. For two decades he specialized in overlooked properties in less-affluent parts of New York City, building a reputation for disciplined cost control and long-term financing. In 1954 he bought the Lincoln Building on 42nd Street; a year later he acquired a management company owned by Leon Spear, and the combined firm became Helmsley-Spear. The real turning point involves his business partner, attorney Lawrence "Larry" Wien. Wien, a Columbia Law graduate and co-founder of Wien and Malkin, is widely credited as the inventor of the modern real estate syndicate — pooling many individual investors' money to buy a single property none could afford alone. In 1950, Wien syndicated a building at 200 Fifth Avenue, promising investors a 15% return and delivering closer to 25%. He was also a major philanthropic figure, serving as president of the Federation of Jewish Philanthropies of New York and chairman of Brandeis University's board. By 1960, Wien noticed the Empire State Building — still the world's tallest — was struggling under owner Prudential Insurance. In 1961, the Wien-Helmsley syndicate purchased it from Chicago financier Henry Crown for $65 million, the highest price ever paid for a single building in U.S. history at the time. Roughly 3,000 investors each put in $10,000 — about $100,000 today — for a piece of the most famous skyscraper on Earth. As Helmsley put it: "It gets into your blood when you look out of your window and see a building you do not own." The syndicate held the building roughly forty years. Helmsley's holdings grew to include the Helmsley Building, the Flatiron Building, Tudor City, and the Helmsley Palace hotel — more than 50,000 apartments and 27 hotels at his peak. In 1972, Helmsley married Leona Roberts, who became the face of the Helmsley hotel chain and, eventually, the "Queen of Mean." Extravagant Connecticut estate spending led to a tax fraud investigation; a housekeeper testified Leona said, "We don't pay taxes, only the little people pay taxes." Leona was convicted in 1989 and served nineteen months in prison. Harry, a co-defendant, was ruled incompetent to stand trial due to declining health. In the mid-1990s, Donald Trump acquired a stake connected to the Empire State Building and sued to break the syndicate's lease in 1995 — and lost. Harry Helmsley died in Scottsdale, Arizona, in January 1997, leaving his estate to Leona, who sold off roughly half the portfolio for an estimated $2.5 billion. Leona died in 2007 at eighty-seven, the same age Harry had been. They're buried together at Sleepy Hollow Cemetery. Part of The Wealth Clock's Deep Dive series on the investors who built America's great real estate fortunes. Hosted by Steven Weinstock, a NJ real estate investor and fund manager with 25+ years of experience, founder of WE Capital and the Goethals Capital Fund. Keywords: Harry Helmsley, Empire State Building history, real estate syndication, Larry Wien, Helmsley-Spear, Leona Helmsley, Queen of Mean, real estate syndicate investors, Harry Helmsley net worth, who bought the Empire State Building

    Harry Helmsley: How a Bronx Office Boy Bought the Empire State Building

  6. Aug 27 ·  Bonus

    Fred Trump's Secret Empire: 27,000 Apartments, an FHA Fraud Investigation & the Synagogue He Funded for 48 Years

    Fred Trump controlled over 27,000 apartments across Brooklyn, Queens, and Staten Island, testified before the U.S. Senate about his FHA-backed financing, and quietly funded a synagogue for Holocaust survivors for 48 years. Decades before his son Donald Trump became President, Fred was the anonymous landlord behind a famous name. Full episode transcript below. --- Somewhere in Brooklyn or Queens right now, there's a good chance you're standing near a building his family built — a plain brick apartment building, one of thousands built for working and middle class families. At its peak, this man controlled over twenty-seven thousand apartments. He never built anything in Manhattan. And by the time the U.S. Senate finished questioning him under oath, he'd walked away with government backing worth hundreds of millions in today's dollars. No charges were ever filed. His name was Fred Trump. Frederick Christ Trump was born in 1905 in New York City to a German immigrant family. His father died in the 1918 flu pandemic, leaving a small real estate business his mother turned into E. Trump and Son. At sixteen, Fred was building garages in Queens. By his twenties he'd moved into homes in Woodhaven and Hollis. By 1927 he'd built roughly 300 houses. Then the Depression hit and he nearly lost it all. In 1934, a Brooklyn banking firm called Lehrenkrauss collapsed. Fred, with a partner, bought its mortgage division, gaining instant credibility with banks. That year Congress passed the National Housing Act, backed by Washington. Fred grasped it faster than almost anyone. He built 65 brick bungalows in East Flatbush like a factory line. People called him the Henry Ford of Housing. During WWII he built FHA-backed housing for shipyard workers. Then came Shore Haven — 1,300 units, completed 1949, backed by roughly $10 million in FHA financing — and Beachhaven, 23 buildings, finished 1951 with $16 million in FHA backing. By the time he was done, Fred Trump controlled over 27,000 apartments across Brooklyn, Queens, and Staten Island. No skyline, no headlines — just volume, leverage, and government money. In 1954, Fred Trump was called before the Senate Banking Committee, accused of overestimating construction costs on FHA-insured projects and pocketing the difference. Under oath he admitted building one complex for $3.7 million less than his government-insured loan. He denied wrongdoing. No charges were filed. He kept the building. As early as the 1950s he was also accused of discouraging Black tenants from renting in his properties, allegations that resurfaced in a 1973 housing discrimination lawsuit against the Trump Organization. There's another side rarely told. In the early 1950s, Holocaust survivors began meeting to pray in the parking garage of one of Fred's Beachhaven buildings, led by Rabbi Israel Wagner. Wagner asked to meet his landlord, and the two became close friends. Trump donated land at 723 Avenue Z in Brooklyn for the Beachhaven Jewish Center and covered much of the construction cost, funding the congregation every year for 48 years, until his death in 1999. It's still active today. Two very different stories, both documented, both true. Fred Trump built where government-backed capital and demand actually were. Understanding the FHA before competitors did was his edge. A fortune built quietly still carries the full weight of how it was built. People are rarely just one thing: the same man accused of discrimination spent 48 years funding a synagogue. That's Fred Trump — a sixteen-year-old building garages in Queens who turned a government program into an empire of 27,000 apartments, testified before the Senate, funded a synagogue for decades, and quietly moved that wealth toward the son who would take the country's biggest stage. Comment "awesome" if you made it to the end, and let me know who's next. This has been The Wealth Clock Podcast. I'm Steven Weinstock.

    Fred Trump's Secret Empire: 27,000 Apartments, an FHA Fraud Investigation & the Synagogue He Funded for 48 Years

  7. Aug 25 ·  Bonus

    Saved From Hitler, Then He Out-Built the Rockefellers: The Paul Reichmann Story

    One family controlled more office space in New York City than the Rockefellers — and it almost never happened. Paul Reichmann's family escaped Nazi-annexed Austria in 1938 for one reason: they were out of the country the exact day Hitler invaded, visiting Paul's grandfather after he'd just suffered a stroke. Decades later, Paul Reichmann built Olympia and York into one of the largest real estate empires in history — the World Financial Center in Manhattan, the tallest tower in Toronto, and roughly 8% of all commercial office space in New York City, more than double what the Rockefeller family held. At its peak, the Reichmann family fortune was worth an estimated $13 billion, making them the fourth-richest family on Earth. Then Reichmann bet it all on Canary Wharf in London — the largest private real estate development ever attempted — and it nearly destroyed him. Olympia and York collapsed in 1992 with roughly $20 billion in debt, one of the biggest corporate bankruptcies in history. Reichmann came back, bought Canary Wharf a second time, and helped turn it into one of London's most important financial districts, all while never once missing Sabbath observance on a single job site, anywhere in the world, for his entire career. This is a Wealth Clock Deep Dive on Paul Reichmann: the Orthodox Jewish billionaire who out-owned the Rockefellers, lost it all, and came back anyway. In this episode: - How a grandfather's stroke saved the Reichmann family from the Holocaust - How Olympia and York became the largest private landlord in New York City - Inside the $20 billion collapse of Canary Wharf - Paul Reichmann's comeback and second act with Canary Wharf Group - Why Reichmann closed every construction site he owned for the Sabbath, no exceptions Paul Reichmann | Olympia and York | Canary Wharf | Rockefeller family | real estate bankruptcy | The Wealth Clock Podcast If you enjoyed this episode, comment AWESOME so I know you made it to the end, and let me know who you want covered next.

    Saved From Hitler, Then He Out-Built the Rockefellers: The Paul Reichmann Story

  8. Aug 24

    AI Investment Advisors and Net Worth Tracking for Private Investors | Andrew Izyumov - EP47

    Andrew Izyumov, a former Goldman Sachs principal investing director, breaks down how his company 8FIGURES is building an AI investment team and net worth tracker to give private investors the kind of portfolio management that used to be reserved for institutions. Andrew Izyumov spent over a decade at Goldman Sachs, starting as an intern in 2009 in the middle of the financial crisis and working his way up to Executive Director before leaving in 2021. Along the way he worked out of Goldman's Moscow office as part of the firm's global special situations group, invested in more than 20 early-stage startups as an angel investor, and eventually set out to bridge the gap between institutional-grade wealth management and everyday private investors. In this episode, Andrew joins host Steven Weinstock to talk about his path from KPMG to Goldman to founding 8FIGURES, an SEC-registered AI investment advisor and net worth tracker. Andrew explains how the app lets users connect brokerage, bank, crypto, and real estate accounts in one place, and how a team of AI agents — trained as a portfolio manager, risk officer, tax advisor, financial planner, and equity research analyst — analyze a user's full portfolio to deliver personalized recommendations, including on individual stocks. Steven and Andrew dig into how 8FIGURES prices its product (a free tracker plus a $20/month AI advisory tier), who the platform is really built for, and how it handles the trickiest asset class to track: real estate, including levered and unlevered returns, mortgage-linked home equity, and small LP stakes in larger real estate funds. Andrew also explains why 8FIGURES never takes custody of user funds, and why that changes the incentives behind the advice it gives. Guest bio: Andrew Izyumov is the Founder and CEO of 8FIGURES, an AI Investment Team and Net Worth Tracker for private investors. A former principal investing director at Goldman Sachs, he has underwritten institutional deals and made early-stage angel investments in more than 20 startups. Guest links: Website: eightfigures.com LinkedIn: linkedin.com/in/andrewizyumov YouTube: youtube.com/@8FIGURESHQ X: @8figureshq Instagram: @8FIGURESHQ 🎙 About Steven Weinstock Steven Weinstock is a real estate investor and founder of WeCapital and the Goethals Capital Fund. Since 2001, he has built a diverse portfolio of residential and multifamily assets while helping investors access passive income through strategic real estate opportunities. On this podcast, he shares real-world insights on investing, capital raising, and what it really takes to build and scale in today’s market. 📩 Want to invest or get in touch? Visit: www.WeCapitalX.com 📱 Connect with Steven: LinkedIn: www.linkedin.com/in/stevenweinstock1 Instagram: https://www.instagram.com/wecapitalx/ YouTube: https://www.youtube.com/@TheWealthClockPodcast

    AI Investment Advisors and Net Worth Tracking for Private Investors | Andrew Izyumov - EP47
See All (64)

About

The Wealth Clock Podcast with Steven Weinstock brings you real conversations with top real estate operators, fund managers, and business founders who share exactly how they build wealth, raise capital, and create passive income. For nearly 25 years, Steven has been investing in real estate — from single-family homes to large multifamily properties — and now manages multiple investment funds including WE Capital, the Goethals Capital Fund, and the WE Capital Mortgage Fund. Each episode reveals practical strategies for buying properties, structuring funds, and protecting wealth through smart investing. Listeners will discover insights on real estate syndications, private lending, deal structure, and long-term wealth building — all from people who are actively doing it in the real world. If you’re ready to grow your portfolio, generate passive income, and learn from proven operators, subscribe to The Wealth Clock Podcast today. For investor resources and upcoming opportunities, visit WeCapitalX.com

Information

You Might Also Like