60 avsnitt

Welcome to Wealth Matters, where you can learn how to build generational wealth and generate passive cash flow

Wealth Matters By Alpesh Parmar Alpesh Parmar

    • Investering

Welcome to Wealth Matters, where you can learn how to build generational wealth and generate passive cash flow

    060: Build supplemental income using side hustle with Colin Morgan

    060: Build supplemental income using side hustle with Colin Morgan

    Colin is a former professional golfer turned entrepreneur. Colin is the host of the Daily Grind Podcast, a show dedicated to showing you how you can get out of the grind of your life and do something you are truly passionate about.

    Colin shows businesses how a podcast can be their greatest marketing tool. He also is a speaker on the topic of abuse in sports, he hopes to share his story in hopes to educate young people on the risks young high-level athletes face.

    Here are the questions from the podcast:

    · What inspired you to become an entrepreneur?

    · How did you get started with podcast?

    · Did you have any other side hustles before the podcast?

    · What did you do to start monetizing your side gig?

    · If you could provide one golden nugget, or tool to the audience about being an entrepreneur/business owner what would that be?

    · I have heard that any new business venture can take at least one year before breaking even? How long did you have to wait and how long a newbie should wait?

    You can connect with Colin by emailing at colin@dailygrindpodcast.com.

    • 29 min
    059: Explore Cleveland Market for passive income with Eric Martel

    059: Explore Cleveland Market for passive income with Eric Martel

    Eric Martel has long been involved in real estate both in Canada and in the United States. Eric purchased his first multi-family property in Canada while still in college. After graduating in Actuarial Mathematics, Mr. Martel built a career in project management and business consulting. His 25 years of project management experience can ensure that our projects are successful.

    Here are the questions from the podcast:

    •             How did you get started with real estate?

    •             What inspired you to become an entrepreneur/business owner…YOUR WHY?

    •             Why Cleveland market?

    •             How's the rental demand in Cleveland market and what should investors see during downturn?

    •             What kind of returns investors should anticipate in this market?

    •             What are the top three things which differentiates Martel turnkey from other similar providers?

    • 30 min
    058: Underwrite and Analyze Multifamily investment with Ben Suttles

    058: Underwrite and Analyze Multifamily investment with Ben Suttles

    Ben has been an entrepreneur for 15 years, first starting his career in IT sales and business development then onto management, having grown sales at his IT firm, OmniData, from $1.5MM to $2.5MM in a 3 year period. His background in management and sales has helped him propel into commercial real estate, first starting in 2013. Over the last 7 years he has been involved in the acquisition & asset management of nine multifamily properties, through partnerships and Disrupt Equity, totaling over $80MM in current AUM and the purchase and sale of over 1600+ units. He currently owns ten companies, with over 50 employees and revenues approaching $20MM. When he's not working to grow Disrupt Equity, Ben loves spending time with his family, traveling, continuing his education in real estate and personal development, and philanthropic work and volunteering in and around Houston where he resides.

    Here are the points discussed during the podcast:

    · How did you start in real estate?

    · Define underwriting?

    · Can you take us through the analysis process after you receive a property via broker or other means?

    · Can you share an example when underwriting showed you huge cracks in proforma numbers?

    · What are some of the gotchas during underwriting?

    • 36 min
    057: Things to keep in mind for Rental Property Insurance with Aaron and Ryan

    057: Things to keep in mind for Rental Property Insurance with Aaron and Ryan

    Aaron Letzeiser is the Co-Founder & COO of Obie, a Y Combinator and venture-backed software company that provides portfolio management tools to commercial real estate owners and funds nationwide. A graduate of Michigan State University, Aaron is a serial entrepreneur who has successfully started and grown several businesses and was recently named to Forbes 30 Under 30 list.

    Ryan Letzeiser is the Co-Founder & CEO of Obie, a Y Combinator and venture-backed software company that provides portfolio management tools to commercial real estate owners and funds nationwide. Ryan has over a decade of commercial real estate private equity experience with close to a billion dollars in acquisitions and dispositions under his belt. Ryan has a Masters in Architecture from Clemson University and a Bachelors from Michigan State University.

    Here are the topics we discussed on the podcast:

    Why is insurance so important, especially when it covers a rental property?

    What are important aspects of landlord insurance policy to be aware of?

    What to start thinking about when you add or have multiple properties to cover?

    Should you require your tenants to have rental insurance? How to obtain proof of insurance?

    How to know if you're getting a good deal or a good price for the premium?

    Why do premiums rise every year and what can you do to ensure that doesn't happen?

    What should I expect of my broker when it comes time for renewals?

    • 32 min
    056: Why and How to perform due diligence with Scott Lewis

    056: Why and How to perform due diligence with Scott Lewis

    Scott Lewis is the CEO of Spartan Investment Group based out of Colorado.  We discussed about why one should perform thorough due diligence while acquiring real estate or any other type of business.

    Here are the points we discussed:


    Define due diligence
    At what step of the process, do you start due diligence?
    Do you follow certain steps or a process for due diligence?
    Does due diligence change depend on the type of asset?
    Can you take us through your due diligence process?
    What kind of 3rd party contractors do you use?
    What's the cost of due diligence vs benefit?
    Show us an example where thorough due diligence saved you from tons of headaches?

    • 33 min
    055: Invest in Self Storage with Michael Wagner

    055: Invest in Self Storage with Michael Wagner

    Micahel Wagner is the principal at The Storage Rebellion and The Storage Rebellion University.

    In his words: "I  believe that true happiness is achieved when we spend our time and  money in a way that is in alignment with our deepest values. Sadly, most  of America spends a vast majority of their time doing things they  merely tolerate just to make ends meet. Even before I achieved it  through Self Storage, I knew that Financial Freedom was not as hard to  come by as most people think it is. I also knew that if I could find a  way to achieve it, I would be able to help others do the same! I've been  investing in Self Storage since 2011."

    Here are the topics we discussed:

    What's your current focus?
    Why Self Storage facilities?
    Can you compare self storage as investment to Multifamily or Single Family Residences?
    What are some of the gotchs investor needs to keep in mind while investing in self storage?
    What kind of rookie mistakes have you seen beginner investors make while investing in self storage?
    What is your criteria to invest in self storage?
    What happens to self storage during recession?
    Can you tell us @ your best deal and worst deal?
    Any business, real estate or finance book you recommend?
    How can my listeners reach out to you?

    • 31 min

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