Passive Investing from Left Field Jim Pfeifer & Left Field Investors

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep into the multifaceted world of real estate investment in a post-COVID era. Our guest, Neil Bawa, the mad scientist of multifamily, shares his invaluable insights on the impact of COVID-19 on multifamily investments, the dramatic shift in office space utilization, and the seismic changes in homeownership trends. Discover how data science fuels Neil’s investment strategies and how you can navigate these turbulent waters to secure your financial future. Whether you’re a seasoned investor or just starting out, this episode is packed with actionable advice and forward-thinking strategies. Tune in to redefine your approach to real estate investing.  


About Neal Bawa 
Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert.Neal treats his $700M multifamily portfolio as an ongoing experiment in efficiency and optimization. The Mad Scientist lives by two mantras. His first mantra is that: We can only manage what we can measure. His second mantra is that: Data beats gut feel by a million miles. These mantras and a dozen other disruptive beliefs drive profit for his 1000+ investors.   


Here are some power takeaways from today’s conversation:
02:24 his real estate journey
9:01 2022 vs 2024 market
17:15 Is there more creativity in the market now since COVID?
25:51 The solution 
36:21 When should we invest?
42:25 Is it a good time to be an LP investor?
51:17 Contact Neal


 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    


   
Resources Mentioned:
LinkedIn https://www.linkedin.com/in/neal-bawa/  


Advertising Partners:
Left Field Investors:https://www.leftfieldinvestors.com/
Rust Belt Capitalhttps://rustbeltcapital.com/
Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/

Join us on this enlightening episode of the Passive Investing from Left Field podcast, where we dive deep with Brian Burke, president and CEO of Praxis Capital. With over $800 million in real estate acquisitions, Brian shares his seasoned perspective on navigating the unpredictable real estate market, preserving capital, and strategizing investments for long-term success. Whether you're a new investor or a seasoned veteran, Brian's insights on current market trends and his prudent approach to investment offer invaluable lessons in cautious yet successful real estate investing. Don't miss out on these expert insights – tune in now!  


About Brian Burke 
Brian Burke is President / CEO of Praxis Capital Inc, a vertically integrated real estate private equity investment firm, which he founded in 2001.Brian has acquired over 800 million dollars’ worth of real estate over a 30-year career including over 4,000 multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Brian has subdivided land, built homes, and constructed self-storage, but really prefers to reposition existing multifamily properties. Brian is the author of The Hands-Off Investor: An Insider’s Guide to Investing in Passive Real Estate Syndications, and is a frequent public speaker at real estate conferences and events nationwide.   


Here are some power takeaways from today’s conversation:
3:00 Has he lost any investor's money
4:00 When is it the time to buy?
6:30 Will rate caps go down? 
8:43 Will escrow help with rate caps?
11:03 Investor expectations
18:11 debt funds
23:12 Forecast for 2024 29:31 Floating rate debt 
37:12 Syndicators in technical default of their loan covenant 
39:46 Should LP invest in multifamily right now?
41:22 Pref equity and rescue funds on underperforming deals
45:07 How many investors should an LP invest with to diversify your portfolio 
48:40 Bridge mortgage fund
51:51 Podcast recommendation
52:45 Contact Brian


 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    


   
Resources Mentioned:
Website: www.PraxCap.comLinkedIn: www.linkedin.com/company/praxcapLinkedIn: www.linkedin.com/in/praxiscapitalFacebook: https://www.facebook.com/praxcap/Twitter: https://twitter.com/praxcapInstagram: https://www.instagram.com/praxcap/Instagram: https://www.instagram.com/investorbrianburkeBook:  www.BiggerPockets.com/SyndicationBook 


Podcast Recommendations:
Bigger Pockets: https://www.biggerpockets.com/
Advertising Partners:
Left Field Investors:https://www.leftfieldinvestors.com/
Rust Belt Capitalhttps://rustbeltcapital.com/
Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/

Join us on this exciting episode of the Passive Investing from Leftfield podcast as we dive deep into the world of multifamily investing with James Eng, the professor of Multifamily Financing. Discover the latest trends, strategies, and insights into the future of real estate investment. Whether you're a seasoned investor or just starting out, this episode is packed with valuable information to help you navigate the ever-evolving real estate market. Don't miss out on expert advice and strategies for building wealth through smart investing. Tune in now!  


About James Eng 
James Eng has over 18 years of experience in commercial real estate lending, starting his career as an underwriter at GE Capital Real Estate prior to joining Old Capital in 2015 where he is currently the National Director.He has worked with hundreds of investors to help them acquire over $1.5BN in multifamily properties totaling over 20,000 units nationwide. In addition to financing multifamily, he has invested in over 10,000 units as a limited partner in nearly 40 properties in Texas.James combines his finance, risk, and investor background to find the best loan for clients and to be an indispensable advisor throughout the life cycle of a deal. Often called “The Professor” of Multifamily Financing, he has produced hundreds of hours of educational multifamily content on YouTube.He received his finance degree from the University of Texas at Austin and resides in Dallas-Fort Worth with his wife and three boys.   


Here are some power takeaways from today’s conversation:
2:11  His real estate journey
6:27 Investing in one market
8:07 Multifamily financing today
15:00 Should you refi in 2024?
17:31 How interest rates will affect the rate caps
21:05 Deal advice for LPs
27:38 Tax implications of early sale on LPs' depreciation29:01 Q&A: preferred equity?
33:36 Q&A: distressed sellers in 2024
35:16 Will lenders be in trouble in 2024?
40:25 Outlook for LPs with recent floating rate debt investments
43:08 Will new apartments accelerate distressed deals in 2024?
44:52 Strategies to protect yourself against decreased cashflow in a market when you depend on it for income
48:20 Q&A: what he would have done differently in insight with distressed deals 
52:22 Podcast recommendation
53:49 Contact James
54:35 Thanks for watching


 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    


   
Resources Mentioned:
LinkedInhttps://www.linkedin.com/in/jamesengYouTubehttps://www.youtube.com/channel/UC4NRATcTMmkodJ_CEP9MRWQ 


Podcast Recommendations:
The Woj Pod: https://podcasts.apple.com/us/podcast/nuggets-coach-michael-malone/id1470466331?i=1000600562916The Rebel Capitalist Show: https://podcasts.apple.com/mt/podcast/the-rebel-capitalist-show/id1492584441Ken McElroy Real Estate Strategies: https://podcasts.apple.com/us/podcast/ken-mcelroy-real-estate-strategies/id1465180254 
Advertising Partners:
Left Field Investors:https://www.leftfieldinvestors.com/
Rust Belt Capitalhttps://rustbeltcapital.com/
Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/
Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suhhttps://www.leftfieldinvestors.com/books/
Circuit Cityinvest.circuitcity.com

Join us in this enlightening episode of Passive Investing from Left Field, where host Jim Pfeifer welcomes real estate maestro John Chang. Dive into the depths of real estate investment strategies, market forecasts, and the future of various asset classes as we prepare for 2024. Whether you're a seasoned investor or just starting out, John's insights will help you navigate the ever-evolving real estate landscape. Don't miss out on this masterclass in making informed investment decisions.  


About John Chang 
Senior Vice President, National Director Research ServicesMarcus & Millichap Real Estate Investment ServicesJohn Chang serves as the National Director of Research Services for Marcus & Millichap. He is responsible for the production of the firm’s vast array of commercial real estate research publications, tools and services. Under his leadership, Marcus & Millichap has become a leading source of market analysis, insight and forecasting, and the firm’s research is regularly quoted throughout the industry and in mainstream business media. John oversees a team of dedicated real estate research professionals who produce the firm’s more than 1,000 annual market research publications and conference presentations. These detailed reports, analyses and presentations integrate economic and financial market trends with insights on all major commercial property types including: Hotels, Industrial, Manufactured Housing, Multifamily, Office, Medical Office, Retail Multi-Tenant, Retail Single-Tenant, Self-Storage and Seniors Housing.John is a seasoned industry analyst who has been quoted in numerous publications and is an active member of the NMHC Research Foundation Advisory Committee, the ICSC North American Research Task Force and the NAIOP Research Foundation. He regularly presents at a wide range of conferences and events hosted by industry-leading organizations such as the NMHC, NAIOP, ULI, CCIM, ICSC, SSA and numerous others. John joined Marcus & Millichap in April 1997 as a Research Manager in the Seattle office. After holding executive marketing and e-business positions with premier residential real estate firms in the Pacific Northwest, he rejoined Marcus & Millichap in November 2007 as the head of its Research Services division. John was elected as Vice President in 2010, advanced to First Vice President in 2013 and promoted to Senior Vice President in 2018.  
  


Here are some power takeaways from today’s conversation:
01:59 His real estate journey
03:25 2024 Outlook for the real estate market
05:08 How LP investors can invest wisely in 2024
07:18 How to find good operators 
11:41 Which asset classes will shine in the next few years
18:14 Loan delinquency rates
24:04 Rate caps effect on loans29:06 Construction costs affect the markets
34:44 Interest rates getting back to normal
39:40 What to protect ourselves from in 2024
42:41 The Best Ever Conference
44:39 Podcast recommendation
45:26 Contact John
46:14 Thanks for watching!



 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    


   
Resources Mentioned:
LinkedIn www.linkedin.com/in/johnchang  


Podcast Recommendations:
Pickleball studio: https://pickleballstudio.com/
Advertising Partners:
Left Field Investors:https://www.leftfieldinvestors.com/
Rust Belt Capitalhttps://rustbeltcapital.com/
Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/
Circuit Cityinvest.circuitcity.com

Join us on this enlightening journey with Russell Gray, co-host of the Real Estate Guys Radio Show and a seasoned financial educator, as we dive deep into the mechanics of wealth building through real estate. Russell shares his personal journey from commercial sales to becoming a titan in the real estate and financial education world. Learn how to empower your financial freedom, understand the importance of income over equity, and the vital role of financial education in today's ever-changing economic landscape. Don't miss out on these valuable insights to elevate your investing strategy. Subscribe and tune in now!  


About Russell Gray 
Co-Host of The Real Estate Guys Radio Show; co-Founder of the Syndication Mentoring Club; founder of the Main Street Investor Mentoring Club; partner with Ken McElroy, George Gammon, Jason Hartman, and Robert Helms in the Collective Inner Circle Master Mind; co-author Equity Happens; regular contributor to Mike Maloney's Gold Silver Show; financial and business strategist; champion of American liberty.    


Here are some power takeaways from today’s conversation:
01:38 His real estate journey
14:38 The great reset
39:06 Should you focus on income rather than appreciation?
47:02 Advice to LPs to analyze deals and buy the correct one instead of the hyped deal
53:51 Podcast recommendation
56:00 Contact Russell
56:33 Thank you


 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    


   
Resources Mentioned:
LinkedInhttps://www.linkedin.com/in/russellwgray/ 


Podcast Recommendations:
The Woj Pod: https://podcasts.apple.com/us/podcast/nuggets-coach-michael-malone/id1470466331?i=1000600562916The Rebel Capitalist Show: https://podcasts.apple.com/mt/podcast/the-rebel-capitalist-show/id1492584441Ken McElroy Real Estate Strategies: https://podcasts.apple.com/us/podcast/ken-mcelroy-real-estate-strategies/id1465180254 
Advertising Partners:
Left Field Investors:https://www.leftfieldinvestors.com/
Rust Belt Capitalhttps://rustbeltcapital.com/
Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/
Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suhhttps://www.leftfieldinvestors.com/books/
Circuit Cityinvest.circuitcity.com

Tune in to 'Passive Investing From Left Field,' where host Jim Pfeifer and real estate maestro Chris Prefontaine unlock the secrets to creative property investment. Episode 159 delves into buying properties with existing mortgages, profitable lease purchase strategies, and the power of the 'three paydays' system. Whether bracing for market shifts or seeking stable, long-term investments, this episode offers valuable insights for every investor level. Discover Chris's unique approach to building wealth without banks or personal funds. Get ready for an episode packed with strategies for a robust investment portfolio. Don't miss it — listen now and enhance your real estate savvy!  


About Chris Prefontaine 
Chris Prefontaine is a real estate veteran with an emphasis on creative acquisition strategies. With over three decades in the industry, he pivoted from traditional investments to innovative methods following the 2008 crash. He avoids banks and personal funding, preferring terms like lease options, owner financing, and subject-to deals. Prefontaine leads Smart Real Estate Coach, mentoring students in real estate investments and championing the 'three paydays' system, signifying cash now, cash flow, and cash later. Focused on low-maintenance asset classes like self storage, Chris plans for passive income streams while imparting his community with the knowledge gained over a successful investing career.   


Here are some power takeaways from today’s conversation:
01:38 His real estate journey
04:11 Mistakes and lessons learned
05:48 He doesn’t use a bank?
07:44 Principle-only owner financing
09:06 When should we invest?
13:47 Asset classes that will make you money
15:35 Self-storage investing
16:25 How he invests in self-storage
17:53 What other asset classes interest him?
18:30 The 3 paydays
20:56 Market Outlook for 2024
22:37 Renting vs Owning and how it affects the single family home business
23:53 Creative Real Estate coaching business
25:25 How to vet someone
27:29 Podcast recommendations
27:59 Contact Chris


 

This show is for entertainment purposes only. Nothing said on the show should be considered financial advice. Before making any decisions, consult a professional. This show is copyrighted by Passive Investing from Left Field and Left Field Investors. Written permissions must be granted before syndication or rebroadcasting.    


   
Resources Mentioned:
LinkedIn: LinkedIn: https://www.linkedin.com/in/evanpolaski/


Podcast Recommendations:
Conan Obrien needs a Friendhttps://podcasts.apple.com/us/podcast/conan-obrien-needs-a-friend/id1438054347list=PLNd0322kaMZZABZc_9GmVKhfmm4Y0t3kz
Man Talkshttps://www.youtube.com/@UC2exoyYcKLknC5IWiwdAihQ 
Advertising Partners:
Left Field Investors:https://www.leftfieldinvestors.com/
Rust Belt Capitalhttps://rustbeltcapital.com/
Left Field Investors - BEChttps://www.leftfieldinvestors.com/bec/
Avoiding Rookie Errors as a Left Field Investor: 20 Lessons Learned From 14 Years of Passive Investing in Private Syndications by Steve Suhhttps://www.leftfieldinvestors.com/books/
Circuit Cityinvest.circuitcity.com