Welcome to the Passive Income Through Multifamily Real Estate Podcast brought to you by Limitless Estates, where Kyle and Lalita talk to top experts and seasoned passive investors in the business to help provide clarity and key insights to keep you safe on your journey to financial freedom. Our goal is to help you get educated on how to create passive income for you and your family by using real estate as your vehicle.
Episode #226: The Perfect Investment with Paul Moore (Replay)
Paul Moore began his career at Ford Motor Company after earning an MBA from Ohio State. After five years of work at Ford, Paul started a staffing company with a partner. Paul and his partner sold it to a publicly traded firm five years later for $2.9 million.
Along the way, Paul was Finalist for Ernst & Young’s Michigan Entrepreneur of the Year two years straight (1996 & 1997). Paul later entered the real estate sector, where he flipped over 50 homes and 25 high-end waterfront lots, appeared on HGTV’s House Hunters, rehabbed and managed rental properties, built a number of new homes, developed a subdivision, and started two successful online real estate marketing firms.
After helping with three successful developments, including assisting with the development of a Hyatt hotel and a very successful multifamily project, led Paul into the commercial multifamily arena.
Connect with Paul
Episode #225: Multifamily Over the Stock Market with Sandhya Seshadri (Replay)
Joining us on the show today is Sandhya Seshadri, founder and CEO of Texas Twilight Investments/Multifamily 4 You. Sandhya is currently a general partner and key principal in 476 doors and a passive investor in over 2500 others. She intended to remain mostly passive for the stress-free cash flow but has one or two assets which she actively manages to qualify as a full-time real estate professional, thereby making the most of certain tax benefits.
Sandhya is a firm believer that most wealthy people are in some way involved in real estate, so after building her wealth from the stock market, she immersed herself in passively investing in multifamily and later signed up for a mentorship program that has tremendously accelerated her growth. In this episode, Sandhya speaks to Kyle and Lalita about her technical and business background before entering the real estate space and why she eventually decided to transition into a new role that would allow for more time at home. She shares her reasons for exchanging the stock market for multifamily investing, the criteria for qualifying for a real estate professional designation, and offers her thoughts on diversification, property management, and the importance of vetting your sponsors.
Key Points From This Episode:
Why, when Sandhya is primarily a passive investor, she still actively manages a few assets. Find out where she was educated as an electrical engineer and later received her MBA. The circumstances that resulted in her being home and investing in the stock market.Why she decided to switch from investing in stocks to investing in multifamily. The tax benefits of being a real estate professional and the contribution of the new tax laws. The vulnerability of the stock market compared to the steady cash flow produced by rentals. What you need to qualify for a real estate professional status (REPS) designation. Investing passively in other people’s deals and her making a point of visiting these properties. Sandhya’s thoughts on diversification and having most of her portfolios in Texas. Her rule of thumb for the size of units she invests in. Preferring a hands-off approach to property management and how that affects her property choices.Aspects to consider when investing passively, including vetting the sponsorship team.
“Every rich person I had ever met had something to do with real estate.” — Sandhya Seshadri [0:03:35]
“I want to have time for my family and I want to make money while I sleep. The easiest way to do that is passive income through real estate.” — Sandhya Seshadri [0:09:55]
Links Mentioned in Today’s Episode:
Sandhya Seshadri on LinkedIn
Multifamily 4 You
Southern Methodist University
Passive Income Through Multifamily Real Estate Facebook Group
Free Call with Kyle or Lalita
Episode #224: From Active to Passive Investing with Bob Trapnell (Replay)
Bob Trapnell is a true So Cal resident having been born and raised in the area. He attended UCLA and ventured into real estate in 1991. For 17 years he specialized in doing loans- mostly as an in-house lender sitting at a desk in the Fred Sands Realty and Keller Williams offices. During the loan career in the 90s he jumped into buying apartments. 1994 was his first purchase of a 6 unit building. Having no more funds, he researched how to do syndications. January 1995 was the start of numerous other properties that were then purchased with his partners and other investors. Bob attributes many of his purchases to the loan background and being able to think out of the box and use creative financing to attain the deals.
Bob and his partners sold all the properties in 2005 and 2006 as the market had seemed to reach its maturation point. Watching carefully in the downturn for new opportunities to get back into the market, 2009 he started buying via the syndications and has now completed the purchase of 10 properties totaling 236 units. Two of them have been sold and investors reaped some nice returns from the properties (24 and 33% annualized returns, respectively).
Connect with Bob
Episode #223: The Land Guy with Jack Bosch (Replay)
Jack Bosch has bought and sold lots and unimproved land since 2002. It only took him 18 months to go from Zero to $1M. Since 2008, he has also been educating those who either find houses too challenging or are unsatisfied with the competition and teaching them how to make more money from simple land and lot flips. Additionally, he has figured out a way to make land cash flow massively and consistently with checks coming in for years and even decades.
Jack is also a #1 bestselling author of the financial literacy book, Forever Cash.
Connect with Jack
Facebook Group – Land Profit Generator Real Estate Investing
Podcast – Forever Cash Life Real Estate Podcast
Episode #222: Underwriting & Asset Management with Anna Myers (Replay)
Anna Myers serves as Vice President at Grocapitus, a commercial real estate investment company in the San Francisco Bay Area. Anna is a third-generation commercial real estate entrepreneur who applies her 25+ years of experience in technology and business to finding, analyzing, acquiring and asset managing commercial properties in key markets across the U.S. Together with her business partner Neal Bawa, they approach real estate through a data science lens to create compelling profits for 1000+ investors.
As the lead underwriter for the company, Anna teaches deal analysis for MultifamilyU in quarterly Boot Camps. MultifamilyU is an apartment investing education company owned by the principal Neal Bawa. Also via MultifamilyU, Anna hosts weekly webinar events featuring top speakers in real estate. Anna is regularly interviewed on podcasts in the industry, with over 25 podcast appearances so far in 2019. Anna Myers also co-hosts two monthly Real Estate Investor Meetups in the Bay Area with over 1000 members.
Related to Syndication with Grocapitus, Anna and Neal have successfully completed Equity Raises of 25 Million dollars for Multifamily Acquisitions in the last 12 months, resulting in over 1300 units purchased. They are on track to close another 1300 in the next 12 months. As the asset manager for the Grocapitus portfolio, Anna again brings the data driven approach to track and insert optimizations to the properties to help drive property performance and investor returns.
Connect with Anna
Episode #221: Strategic Partnerships to Scale your Multifamily Business with Powell Chee (Replay)
Powell Chee bought his first Single Family Rental in Kansas City by using his Credit Cards to pay All Cash. His next purchase was a 40-Unit Multifamily property in Indianapolis, and Powell has been asset managing and improving this property while living and working in Los Angeles, California.
Powell also hosts one of the largest multifamily meetup groups in Los Angeles - "MultifamilyMasters.com" - and he's going to share how building this network has improved his fund-raising capabilities and created new opportunities.
Connect with Powell
Thanks, Kyle & Lalita, it’s an excellent show!
The content of this program is of great value.
Interesting topics and knowledgeable guests make this podcast a must-listen for any investor!
This is genius! I can’t wait to get started!