227 episodes

The FORT host, Chris Powers, talks with leaders of businesses across real estate and a variety of industries. As the Founder of Fort Capital, Chris brings a unique perspective and style that allows for a meaningful conversation that dives deep into ideas and topics not regularly discussed. Chris covers each guests story and explores in detail the critical moments that led to success, failure, growth, and confidence. Chris also strives to ask questions that provide practical wisdom that all listeners can learn from – not just in business, but in our personal lives. Thank you for listening!!

The FORT with Chris Powers Chris Powers

    • Business
    • 5.0 • 343 Ratings

The FORT host, Chris Powers, talks with leaders of businesses across real estate and a variety of industries. As the Founder of Fort Capital, Chris brings a unique perspective and style that allows for a meaningful conversation that dives deep into ideas and topics not regularly discussed. Chris covers each guests story and explores in detail the critical moments that led to success, failure, growth, and confidence. Chris also strives to ask questions that provide practical wisdom that all listeners can learn from – not just in business, but in our personal lives. Thank you for listening!!

    #227: Mike Boyd - Going Deep on the Business of Family and How Families Can Achieve Multi-Generational Success

    #227: Mike Boyd - Going Deep on the Business of Family and How Families Can Achieve Multi-Generational Success

    Mike Boyd is an Australian Entrepreneur, CEO & Investor. Mike started his entrepreneurial career at age 11 selling lost golf balls and didn’t look back, going on to cofound no less than 7 businesses before the age of 25. Mike is a relentless innovator and is always trying to find new ways to innovate and solve problems using technology. Mike now dedicates a portion of his time to managing investments in alternative assets via the family's investment vehicle, Mudbrick Capital, and running The Business of Family Podcast.
    On this episode, Chris and Mike uncover best practices for building a successful multi-generational family and discuss the work that goes into planning for a successful family – it takes work! They also chat about how wealth is transferred from generation to generation without creating entitlement and deep dive into how the Founding Generation interacts with Generation 2. Enjoy!
    Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com
    Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
    Follow Chris on Twitter: www.Twitter.com/FortWorthChris 
    Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 
    Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
    Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
    (02:41) - Mike’s Background and Career
    (06:15) - Living and Working Abroad
    VroomVroomVroom
    (07:59) -  How did you get into the digital side of entrepreneurship?
    Yellow sunglasses party guy
    (12:22) - What are trends are you seeing in travel right now?
    (15:25) - Did Australia provide some kind of governmental assistance during the pandemic?
    (16:59) - Mike’s ‘The Business of Family’ Podcast
    (21:21) - Why is this something your are passionate about?
    (5:17) - Does 3rd generational wealth ever happen by accident?
    (29:23) - If wealth usually dies in the 3rd generation of a family, how long does it typically take for the next founder generation to come along?
    (30:41) - Is the loss of generational wealth solely based on an increased number of members in a family?
    (34:38) - When a family gets to a size of a public company, do decisions still get made within the family, or are there outside decision-makers at play?
    (36:57) - What are the mechanisms you’ve seen work or not work when a clash within the family happens?
    (40:41) - Does the legacy operating business normally come from the founder wanting to pass the business down or from the 2nd generation wanting to take over?
    (43:04) - What are best practices for first-generation families to do if their hope and desire are for the kids to take over the business?
    Family Wealth by Jay Hughes Jr.
    (51:03) - When’s the best time to start telling your children that you’re wealthy?
    The Family Board Meeting by Jim Sheils
    (58:16) - Do you include your parents in the family enterprise or are you resetting the culture?
    (1:02:59) - How do you guarantee that the second generation will fail?
    (1:06:00) - How have you seen families handle an outlier child that is suffering due to drugs or other problems?
    (1:10:02) - Generational resiliency through divorce
    (1:12:25) - What’s the best way to set guidelines for the next generation’s behavior that is tied to an inheritance?
    (1:12:25) - How important is it that the founding patriarch and matriarch are aligned?
    (1:14:11) - What are the best practices for introducing your children into your business?
    (1:17:32) - In a situation with multiple kids who are qualified to be the leader of the enterprise, what do you do?
    (1:20:07) - What would you recommend for people who want to do this for their own families?
    (1:22:47) - How can people get in touch with you?
    The Business of Family podcast
    thebusinessoffamily.net
    Mike on Twitter
    The Fort is produced by Johnny Podcasts

    • 1 hr 24 min
    #226: Barrett Linburg - Founder of Savoy Equity Partners - Real Estate Opportunity Zones 101

    #226: Barrett Linburg - Founder of Savoy Equity Partners - Real Estate Opportunity Zones 101

    Barrett is a founding partner of Savoy Equity Partners and oversees the capitalization and structuring of the company’s investments along with deal sourcing. Born and raised in Dallas, he has spent 17 years in the real estate industry crossing multiple product types and service lines. Barrett started investing in real estate in 2012 and enjoys learning about esoteric strategies which can be implemented to create excellent risk-adjusted returns. He has owned over 1,000 units and specializes in transactions with complex structures such as historic tax credits, opportunity zones, low-income restrictions, as well as the deconversion of fractured condos.
    On this episode, Barret and Chris deep dive into how opportunity zones work for LPs & GPs, the Tax implications of opportunity zones,  and chat about different types of opportunity zone structures. They also take a look inside a specific project they are working on in Dallas, TX, and much more!
    Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com
    Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
    Follow Chris on Twitter: www.Twitter.com/FortWorthChris 
    Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 
    Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
    Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
    CRE Models: https://www.cremodels.com/  
    (01:52) - Barrett’s Career in RE
    (07:02) - What was the world like in ’09-’10 when we were just getting back on track?
    (09:55) - Who were the folks who were still able to borrow during the ’08 crisis?
    (11:10) - Barrett’s Transition into Buying Deals
    (15:49) - The Lake Cliff Deal: How Complex Deals Come Together
    (24:57) - What headaches were you able to avoid with Dallas’ Master Overlay Zoning?
    (27:14) - How to Develop RE Without Having to be the Developer
    (30:10) - Now that you own the land and partnered with a developer, what’s your role?
    (34:08) - What is an opportunity zone?
    (37:36) - What’s an Opportunity Zone Fund?
    (43:35) - How long do you have to invest a capital gain into an OZ fund and how long do you have until the capital in the fund needs to be deployed?
    (50:40) - New Proposed OZ Legislation
    (53:00) - Do you know if Governors will be able to legislate new OZs in the future?
    (56:47) - Is everything you’ve bought all listed under one entity?
    (57:55) - What do you have to do once you’ve acquired a vacant building to get the benefits of an OZ?
    (1:00:07) - What do you need to do to a piece of land to get the benefits of an OZ?
    (1:02:19) - What do you have to do once you’ve acquired a decrepit building to get the benefits of an OZ?
    (1:03:56) - What if you already owned property in an OZ before getting a CO, do you qualify?
    (1:05:25) - What can people do if they’ve already paid their tax and decide they’d rather start an OZ fund? 
    (1:06:08) - What is the breakeven point from OZ Fund fees and paying the capital gains tax and investing elsewhere?
    (1:09:52) - How does a GP take advantage of OZ’s?
    (1:12:02) - The Disguised Sale Rule
    (1:12:51) - What’s driving the value for your Lake Cliff deal?
    (1:14:30) - Thoughts on the Dallas Market
    The Fort is produced by Johnny Podcasts

    • 1 hr 16 min
    #225: Rob Chadwick - Founder of Holdfast Security Group - Best practices for protecting yourself & loved ones

    #225: Rob Chadwick - Founder of Holdfast Security Group - Best practices for protecting yourself & loved ones

    Rob Chadwick, Founder of Holdfast Security Group, a consultation and training company, specializing in helping organizations and private individuals understand how to stay safe in today's uncertain world. Rob recently retired as the head of the Tactical Training Program for the FBI. He started as a police officer in 1994 before joining the FBI in 2001. His first assignment for the Bureau was working against Colombian Drug Cartels in Miami. Following assignments to several other cities, Rob served as an Agent In Charge of Attorney General William P. Barr's protection detail. His final assignment was as Chief of the Tactical Training Unit at the FBI Academy where he was responsible for ensuring the operational readiness of all FBI employees. He has traveled the world providing training for local, state, federal, and international law enforcement officers. 
    On this episode, Chris and Rob discuss the background story of his career in the FBI and other law enforcement roles. They chat about best practices for securing your home or business, data on criminal activity around the US, and the current state of Law & Order in America.
    Follow Chris on Twitter: www.Twitter.com/FortWorthChris 
    Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 
    Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
    Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
    Holdfast Security Group
    (01:59) - Rob’s Career and Background
    (05:56) - What’s the difference between the police and the FBI?
    (8:17) - How the FBI changed after 9/11
    (9:32) - How are federal agencies able to gather such massive amounts of intelligence?
    (12:23) - Is there more physical violence risk or cyber risk in today’s world?
    (14:16) - Why is it so hard to combat drugs coming over the border?
    The Fort with Tegan Broadwater
    (17:11) - What were the core competencies you were teaching in your tactical program at Quantico?
    (20:15) - Working Security at The Masters in 2021
    (25:07) - How Policing Has Changed Since George Floyd
    The Gift of Fear by Gavin de Becker
    (35:35) - What should people know about personal security that matters most? 
    Master Lock Door Security Bar
    (45:29) - What’s the most common time of day people’s homes are broken into?
    (47:18) - Do most burglars go in prepared to be violent?
    (48:45) - How much time is spent in the planning process for burglarizing a home?
    (50:09) - Where will a burglar usually enter the home?
    3M Window Security
    (52:09) - Do most burglars act solo or work in teams?
    (53:13) - Who is the clientele who you work with?
    (58:00) - How do the civil suits around deadly force usually pan out?
    (1:06:12) - The Anti-gun Sentiment
    (1:07:56) - What is the biggest deterrence to those who want to break into your home or business?
    (1:13:55) - The Current State of Policing and Law Enforcement in the United States
    The Fort is produced by Johnny Podcasts

    • 1 hr 21 min
    #224: Nick Huber + Chris Powers Vol. 2

    #224: Nick Huber + Chris Powers Vol. 2

    Part 2 of the exciting webinar session that Nick Huber had with Chris Powers on The Nick Huber Show. They talk about current events, highlights of our acquisition process, the market for GP, and many more!
    Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com
    Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
    Follow Chris on Twitter: www.Twitter.com/FortWorthChris 
    Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 
    Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
    Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
    Listen to #209 for Part 1 of this episode
    Topics:
    (01:46) - If you were a 25-year-old interested in Small Business, what would you do right now?
    (03:24) - Acquisition Strategies
    (09:51) - What’s the biggest mistake you’ve made in the first 12-24 months of your Real Estate career?
    (14:33) - How have you identified buildings that are likely to sell?
    (17:54) - What are the 3 highest-leverage activities in your business?
    (20:05) - How do you want to maximize your impact on the world?
    (22:09) - How can a beginner in RE buy a property into their no-history LLC?
    (25:42) - Can the minimum investment be lowered to allow unaccredited investors to invest with Sweaty Startup or Fort Capital?
    (26:23) - What would you be betting on over the next 10 years?
    The Fort is produced by Johnny Podcasts

    • 28 min
    #223: Robert Prather - Founder of Vision Research - A Masterclass in Shorting Equities

    #223: Robert Prather - Founder of Vision Research - A Masterclass in Shorting Equities

    Robert Prather, Jr, has been with Vision Research for more than 15 years and brings more than 23 years of relevant experience to the team in his role as a member of the senior research staff and President. Vision Research is an independent equity research firm that provides hedge funds with investment ideas.
    On this episode, Robert discusses his process for uncovering a short idea and what he looks for, why SPACs have recently done so poorly, and the incentives that currently drive them. Chris and Robert also chat about how a short works (Shorting 101) and how he was able to see something off with Enron before the general market did.
     
    Follow Chris on Twitter: www.Twitter.com/FortWorthChris 
    Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 
    Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
    Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
    Vision Research: https://www.visionro.com/
    (01:43) - Roberts’s Career and Background
    (03:53) - When $50m is missing, where is it?
    (04:45) - Is it fair to say that people blindly trust public companies for the numbers they put out?
    (05:47) - Discussions with Leaders in Public Companies vs. Private Companies
    (0 7:25) - Robert Uncovers the Enron Fraud
    (14:03) - Robert’s career today in research and shorting equities
    (22:10) - Deciphering whether a company is going to go to 0 or is simply worth less than its stock price
    (26:16) - When do CEOs find out about the research you’ve done on them?
    (29:56) -  How does shorting work?
    (32:19) - Meme Stocks
    (39:13) - What happens if everyone takes you up on your ideas at the same time?
    (40:33) - Thoughts on Tesla
    (43:01) - How often have you shorted a company and then changed your mind about it?
    (45:23) - SPACs
    (1:12:03) - How long does someone predicting a short have to be right?
    (1:18:16) - What do you predict will happen in the near future?
    (1:24:22) - Robert’s mantra: Helping others help themselves
    The Fort is produced by Johnny Podcasts

    • 1 hr 34 min
    #222: Student Rental Pro - The Mad Scientist of Student Housing

    #222: Student Rental Pro - The Mad Scientist of Student Housing

    On this episode, Chris chats with Twitter's Anonymous @StudentRentPro on every trick in the book for how to strategically manage student rental properties. They deep dive into the economics of how to put together a profitable student housing deal, what matters in a student lease, and funny stories from the trenches of managing students. Enjoy! 
    Learn more about Chris Powers and Fort Capital: www.FortCapitalLP.com
    Follow Fort Capital on LinkedIn: www.linkedin.com/company/fort-capital/
    Follow Chris on Twitter: www.Twitter.com/FortWorthChris 
    Follow Chris on LinkedIn: www.linkedin.com/in/chrispowersjr/ 
    Subscribe to The Fort on YouTube: https://www.youtube.com/channel/UCuJ32shRt8Od3MxMY-keTSQ
    Follow The Fort on Instagram: www.Instagram.com/TheFortPodcast
    Follow Student Rental Pro on Twitter: https://twitter.com/StudentRentPro
    Support our Sponsors:
    Juniper Square: https://www.junipersquare.com/
    Lex Markets Corp: https://www.lex-markets.com/fort
    (03:15) - Student Rental Pro’s background and RE portfolio
    (05:12) - How did you get into student rentals?
    (07:50) - What makes a great location for a student rental?
    (10:58) - What’s your process for leasing a house for the upcoming school year?
    (13:31) - What are the big things that matter in a student housing lease?
    (15:54) - Why do you not include parental guarantors in the lease?
    (18:59) - Do you do any kind of due diligence or application on the students who want to lease?
    (20:13) - How do you handle parent complaints & work orders?
    (26:05) - What’s the process of turning the house over from previous tenants to new tenants?
    (30:40) - What amenities do you provide?
    (32:48) - What are the tenants allowed to do in terms of drilling into the walls, painting, etc?
    (34:35) - Pets or no pets?
    (35:21) - Do you provide appliances?
    (36:26) - How do you think about deposits?
    (50:44) - How do you deal with police being called over a party?
    (53:23) - How do tenants communicate with you and what is your manager’s job during the year?
    Appfolio
    (58:47) - What’s the process of selecting a tenant to be “House Manager”?
    (59:43) - What stands out to you when looking at properties that will maximize rent?
    (1:05:55) - Who does the yard work?
    (1:07:35) - What are the most common maintenance issues you see and are there any preventative measures you take?
    (1:11:10) - What’s the % increase you’re getting on rent with students as opposed to traditional tenants?
    (1:13:28) - What’s the direction of your portfolio?
    Twitter Questions:
    (1:15:05) - Do you compete against institutional capital?
    (1:16:20) - What would you prefer if you were to extend into a new market: A college-town or a town with a college in it?
    (1:20:23) - SRP’s MF acquisition was based on listening to the podcast
    (1:24:35) - Storytime w/ Student Rental Pro

    • 1 hr 31 min

Customer Reviews

5.0 out of 5
343 Ratings

343 Ratings

DonaldKeyman ,

Are You Kidding Me?

Amazing real time market commentary from local market experts and just sitting here at everyone’s finger tips (for free!). A must-listen for anyone paying attention to the DFW industrial market in this inflationary, raising interest rate environment.

cwides6 ,

Great business insight!

Great weekly business insight from all industries! 5/5!

asreardon ,

Insightful, Informative, & Interesting!

Highly recommend this podcast; full of encouraging and engaging topics; impactful conversations captured; features guests from various backgrounds and professions… listen and learn! You will not be disappointed!

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