Mario Dattilo Show Mario Dattilo

I recently had an enlightening conversation with Scott Pinkerton, a successful private wealth firm and asset management company owner, on my podcast. We delved into the world of investing, and I'm excited to share some key takeaways with you.
The Investor's Mindset: In the current unpredictable market, Scott emphasized the importance of caution and avoiding the trap of believing we can predict outcomes. He introduced the concept of the "loser lane" and "positive place" in investing, reminding us that we should always be aware of potential negative and positive outcomes.Guardrails in Investing: We discussed the importance of setting guardrails and sticking to metrics when making investment decisions. It's crucial to know when to cut losses and make changes if necessary. Remember, it's okay to say no to a deal, even after investing time and effort into it.Probability vs Consequence: Scott illustrated the importance of considering consequences even when the probability seems low. He advised writing down specific probabilities and defending them to crystallize thinking.Black Swan Events: We touched on the unpredictability of black swan events like 9/11 and the COVID-19 pandemic. Scott warned against dismissing potential risks just because they haven't happened before.Preserving Wealth Across Generations: Scott shared insights on the challenges wealthy families face in preserving their wealth across generations. He emphasized the importance of educating children about money from a young age and instilling a strong work ethic.The Role of the Federal Reserve: Scott explained the role of the Federal Reserve in controlling interest rates and the bond market. He emphasized the complexity of managing the economy and compared it to a doctor treating a growing problem inside a patient.Opportunities in the Market: Despite the challenges, Scott highlighted the opportunities in the market for both investors and groups looking to finance deals. He advised investors to carefully consider factors like rising insurance costs when creating their financial projections.I hope these insights spark your curiosity and entice you to listen to the full podcast. Remember, it's important to seek professional guidance and be aware of biases and blind spots in decision-making.

I'm thrilled to share with you the highlights of my recent podcast episode with the dynamic Erica Donalds, a former investment banker turned education entrepreneur. Erica's journey from finance to education is nothing short of inspiring, and her insights into the future of education are thought-provoking.
From Investment Banking to Education Management: Erica's transition from finance to education was sparked by her run for the school board. This ignited her passion for problem-solving in education, leading her to establish Optima Ed, an education management company that operates schools and manages their back-office operations.The Birth of a Virtual Reality School: Amidst the pandemic, Erica and her team created a high-quality distance learning program that replicated the in-person experience. This led to the birth of a full-time virtual school, which has been a great success. Erica emphasizes the scalability and cost-effectiveness of the virtual platform compared to traditional brick-and-mortar schools.Navigating the Politics of Education: Erica shares her experiences of facing opposition and public comments against her school's application during government meetings. Despite the challenges, Erica and her team persevered and were able to showcase the positive impact their school had on students.The Importance of Classical Education: Erica believes in providing students with a well-rounded education that teaches them to think critically and form their own opinions. She emphasizes the importance of teaching all sides of history, politics, and other subjects so that students can make informed decisions.Nonprofit and For-Profit Business Models in Education: Erica shares her experience of starting a nonprofit organization to raise money for schools and eventually transitioning into a for-profit entity to provide services to those schools.The Future of Education: Erica envisions a future where technology and innovation play a significant role in education, allowing for a dynamic and personalized learning experience. She invites parents and students to explore Optima Academy Online, her virtual school.I hope you find these insights as fascinating as I did. If you're interested in starting a school or seeking career opportunities in education, I highly recommend reaching out to Optima Ed.
Don't forget to tune into the full podcast episode for a deeper dive into our conversation.

I'm thrilled to share with you some exciting insights from my recent podcast episode with Paul Moore, a seasoned entrepreneur and commercial real estate investor from Wellings Capital. We had an enlightening conversation about his journey, the lessons he's learned, and his unique approach to investing.
The Journey from Entrepreneur to Investor: Paul shared his transition from running a staffing firm to becoming a full-time investor. He candidly spoke about his initial misconception of being an investor when he was actually a speculator. His podcast, "How to Lose Money," is a treasure trove of lessons learned from failures and losses.Selling a Business: Paul opened up about the emotional rollercoaster of selling a business. He reminded us that while it may feel like a success, it's essential to remember that money doesn't buy happiness.The Shift to Commercial Real Estate Investing: Paul's journey led him from single-family residential properties to multifamily projects. His book, "The Perfect Investment," is a testament to his experiences and the risks involved in overpaying for properties.The Importance of Focus in Investing: We discussed the significance of investing with people who specialize in a specific area. It's easy to get distracted by shiny objects, but true success lies in developing expertise in one area.Vetting Sponsors: Paul shared his 28-point due diligence checklist for vetting sponsors. It's not just about the numbers; the character and personality of the sponsors are equally important.Considering Downside Risk: We emphasized the need to assess potential losses and analyze debt structure and potential risks. It's crucial to consider unexpected events that can impact investments.Boring Investing: Paul introduced the concept of boring investing, focusing on stability and predictable cash flow. He's even co-writing a book, "Warren Buffett's Rules for Real Estate Investors," exploring this concept further.Advice for New Investors: Paul suggested diversifying risk and shared seven unique paths to getting into commercial real estate. He also emphasized the importance of partnering with experts instead of trying to become one.Staying Focused and Motivated: Paul shared his routine of taking a day off and dedicating an hour every morning to activities like thinking, journaling, meditating, praying, and reading sacred scriptures.If you're intrigued by these snippets, I invite you to listen to the full podcast episode. You can also reach out to Paul directly through the Wellings Capital website.

I'm thrilled to share with you some insights from my recent podcast episode where I had the pleasure of hosting Beau Beery, a multifamily advisor and a real estate expert. We delved into the world of apartments, brokerage business, and the importance of finding your niche in the real estate industry.
The Power of Specialization: Beau's journey from a marketing student to a successful multifamily advisor is a testament to the power of specialization. He emphasized that focusing on a specific asset class, like multifamily properties, can make you an expert in your market, attracting clients who value your specialized knowledge and experience.The Solo Practitioner Advantage: Beau shared his perspective on starting as a solo practitioner in the real estate brokerage business. He believes that joining a successful team can provide valuable experience and knowledge. However, he also highlighted the importance of outsourcing tasks to save time and avoid the need for full-time employees.Buying a Brokerage Business: Beau shared his experience of buying a brokerage during a market downturn and how it worked out well for him. He stressed the importance of reputation when evaluating a brokerage.Understanding Your Niche: Beau specializes in multifamily properties ranging from 10 to 150 units. He believes that understanding your avatar (ideal customer) and focusing on a specific market segment can lead to success.Building Relationships: Beau shared his approach to building relationships with potential clients. He believes in conducting extensive research about potential clients to establish a deeper connection and build long-term business relationships.Current Market Trends: Beau discussed the current state of the real estate market and the factors affecting property values. He believes that while property values may decrease, it won't be as drastic as the 2008 recession.I hope these insights spark your curiosity and entice you to listen to the full podcast episode. Beau's journey and insights are truly inspiring and enlightening for anyone interested in the multifamily real estate industry.

Welcome to the Mario Dattilo Show Podcast!
In this episode of The Mario Dattilo Show, we introduce "The Apartment Guy," Tim Bratz, who owns over 4,000 apartment units. Tim shares his journey to success, emphasizing that growth often starts slow before skyrocketing like a hockey stick. He discusses the benefits of buying commercial real estate as a team and highlights the changing landscape in the apartment world.
Tim talks about investing in apartments, buying based on cash flow, seller financing, and working with individuals. He shares his insights on market timing versus sound operations in any market and how his approach to buying has evolved over time. Tim also delves into buying vacation rentals and luxury real estate, as well as his education platform, Legacy Academy. To get in touch with Tim Bratz, listen to the end of the episode.
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Tim is the Founder & CEO of Legacy Wealth Holdings. He focuses on vision-casting, marketing, & supporting his team of “A” players. He has built his company on integrity (doing what he said he was going to do), fairness (doing the right thing), & transparency (honesty is always the best policy).
Tim has dedicated his professional life to studying wealth-building & personal finance. Working in real estate, Tim has learned how to create a passive income that allows him to live the lifestyle of his choice. His goal is to educate & empower others to become financially free through entrepreneurship & real estate investments.

https://legacywealthholdings.com/
Find out more about Mario at MarioDattilo.net
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Talking Points:
00:03 Introducing “The Apartment Guy,” Tim Bratz
01:18 How Tim Came To Own Over 4,000 Apartment Units
06:06 Success Starts Slow Until It Goes Up Like A Hockey Stick
12:02 The Benefits of Buying Commercial Real Estate As A Team
16:50 What Is Changing In The Apartment World
22:47 Invest In Mobile Home Parks With Mario At http://GetRealCashflow.com
23:08 Buying On Cahsflow, Seller Financing, and Working With Individuals
26:29 Market Timing vs Sound Operations In Any Market
29:28 How Tim’s Approach To Buying Has Evolved Over Time
35:04 Buying Vacation Rentals & Luxury Real Estate
43:43 Tim’s Education Platform Legacy Academy
51:16 How To Get Ahold of Tim Bratz
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SUBSCRIBE to the Mario Dattilo Show Podcast YouTube Channel:


Mario Dattilo Show Podcast
Check out this podcast website: MarioDattiloShow.com
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Links & Mentions From This Episode:
www.LegacyWealthHoldings.com
www.GetRealCashflow.com
Education Platform: Legacy Academy
Mastermind: Legacy Family
Facebook: Tim Bratz
Instagram: @‌TimBratz

Welcome to the Mario Dattilo Show Podcast!
In this episode of The Mario Dattilo Show, we introduce guests Andrew Jarrett and Nic Cooper from Level Up REI. Nic shares his background as a Navy helicopter pilot and his early years in real estate, while Andrew discusses his experience working in a grocery store and discovering real estate through books and fix & flip opportunities. They explain why they chose apartments over single-family homes for scalability and reveal their strategies for sourcing deals and choosing between self-management and third-party management. The duo also discuss targeting landlord-friendly states, finding the right business partner, the advantages of syndication, and what properties to look for. They delve into fee structures, mobile home park investing, operations, asset management, and acquisitions, emphasizing the importance of focusing on regular actions that lead to key performance indicators. The conversation covers communication with third-party management, acquisition methodology, deal flow changes due to interest rates, and tips for getting brokers' attention. Finally, Andrew and Nic discuss raising capital, building relationships, vetting investors, and offer their last thoughts on entering the multifamily space. 
Andrew Jarrett is a native of Western New York, where he was part of numerous profitable redevelopment opportunities on single family homes. He founded a property management company which managed single family and multifamily units. He sold the company and shifted his focus to the acquisition of smaller multifamily and single family investment properties in Western New York. Andrew currently holds several hundred rental units in this market with in-place management and maintenance teams. Andrew is also a #1 Bestselling author and the host of “The Passive Road to Retirement” podcast. He scaled his investments to the acquisition of large Multifamily apartment complexes. In the past two years he has gone “full cycle” on several hundred units, located in Florida and Georgia.
 
Nic Cooper saw the power of cash-flowing assets with his single-family rentals but was ready to scale. He sold his remaining single-family rentals in San Diego and got his wife, Jamie on board to reinvest in real-estate on a larger scale. Together they purchased a 24 unit apartment complex in Ohio to create passive income.  In the first year they optimized systems and as a result, more than doubled the properties value!  They saw first-hand the power of multifamily real-estate investing as an opportunity to create passive income and build wealth for their family.  Nic brings a pilot’s precision and analytical mind to multifamily real estate with over 22 years as a military helicopter pilot. At present Nic owns 172 units in TX, AL, OH and VA with $11.3MM assets under management.

https://www.jarrettcapital.com
https://www.hudsonbluemf.com
Find out more about Mario at MarioDattilo.net‌
Talking Points:
00:03 Introducing Andrew Jarrett, Nic Cooper, and Level Up REI
00:52 How Andrew and Nic Got Started With Apartments
01:06 Nic Shares His Origins As Navy Helicopter Pilot and Early Years In Real Estate
04:08 Andrew Shares His Early Years In A Grocery Store, Discovering Real Estate Authors, and Fix & Flips Opportunities
05:37 Choosing Apartments Over Single Family Because of Scaleability
07:07 How Andrew and Nic Source Deals
08:05 The Important Differences Between Self-Management Vs Third-Party Management
10:32 Looking For Landlord-Friendly States, Population Migration, and Median Income Levels
11:31 Finding The Right Business Partner With Complementary Skills
13:53 The Advantages of Syndication Vs Self-Funding
16:03 What Target Properties To Look Out For
18:25 How The Fee Structure Differs Depending On The Deal
20:53 Explori