20 episodes

At GowerCrowd, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and opportunities they can invest in.

You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.

Real estate investing for passive (accredited) investors is turning messy with vast swathes of loan maturities approaching which is going to send many sponsors into default causing their investors to lose capital.

While this is nothing to be celebrated, it will also bring in a period of wealth transfer and opportunistic investments.

We’re here to guide you by looking at the harsh realities of real estate investing, examining the risks and the rewards in conversations with some of the world’s top experts so you can make informed decisions.

You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

Each week we add new episodes that provide you with access to the foremost specialists in commercial real estate investing with a focus on discounted distressed real estate and the associated market dynamics.

We provide interviews and explainer videos that dive deep into the trends driving today's real estate industry, how the economy impacts returns, how to access and invest in distressed real estate deals, and how to protect your capital by mitigating downside risks.

There’s no doubt that it is a very challenging time right now for the average investor.

With the impact of COVID still being felt and the era of record low interest rates behind us, commercial real estate is experiencing severe headwinds.

This creates financial distress for many CRE owners who did not include contingencies in their original business plans and who now face dramatically increased debt costs, increased construction and maintenance costs due to inflation, and reduced revenues from rents as the economy slows down.

Is the commercial real estate world on the cusp of a major correction? Is it 2007 or 1989 all over again? Will passive investors (limited partners) who have invested in syndications (through crowdfunding or otherwise) see losses they had not predicted? How can you access discounted real estate opportunities this time around that were only available to a select few during prior downturns?

Let us help you prepare your real estate portfolio no matter what the future holds, whether it be business as usual for real estate investors or a period of wealth transfer where those less prudent during the good times, lose their assets to those who have sat on the sidelines, patiently waiting for a correction.

Be among the first to know of discounted investment opportunities as the market cycle plays out by subscribing to the GowerCrowd newsletter at https://gowercrowd.com/subscribe

Subscribe to our YouTube channel: ⁠⁠⁠ https://www.youtube.com/gowercrowd?sub_confirmation=1

Follow Adam on Twitter: ⁠⁠⁠ https://twitter.com/GowerCrowd

Join the conversation on LinkedIn: https://www.linkedin.com/in/gowercrowd/

Follow us on Facebook: ⁠⁠⁠ https://www.facebook.com/GowerCrowd/

***
IMPORTANT NOTICE: This audio/video content is for informational purposes only and should not be regarded as a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Any investment information contained herein is strictly for educational purposes and GowerCrowd makes no representations or warranties as to the accuracy of such information and accepts no liability therefor. Real estate syndication investment opportunities are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. Past performance is not necessarily indicative of future results. GowerCrowd is not a registered broker-dealer,

The Real Estate Reality Show Dr. Adam Gower

    • Business
    • 4.8 • 32 Ratings

At GowerCrowd, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and opportunities they can invest in.

You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.

Real estate investing for passive (accredited) investors is turning messy with vast swathes of loan maturities approaching which is going to send many sponsors into default causing their investors to lose capital.

While this is nothing to be celebrated, it will also bring in a period of wealth transfer and opportunistic investments.

We’re here to guide you by looking at the harsh realities of real estate investing, examining the risks and the rewards in conversations with some of the world’s top experts so you can make informed decisions.

You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

Each week we add new episodes that provide you with access to the foremost specialists in commercial real estate investing with a focus on discounted distressed real estate and the associated market dynamics.

We provide interviews and explainer videos that dive deep into the trends driving today's real estate industry, how the economy impacts returns, how to access and invest in distressed real estate deals, and how to protect your capital by mitigating downside risks.

There’s no doubt that it is a very challenging time right now for the average investor.

With the impact of COVID still being felt and the era of record low interest rates behind us, commercial real estate is experiencing severe headwinds.

This creates financial distress for many CRE owners who did not include contingencies in their original business plans and who now face dramatically increased debt costs, increased construction and maintenance costs due to inflation, and reduced revenues from rents as the economy slows down.

Is the commercial real estate world on the cusp of a major correction? Is it 2007 or 1989 all over again? Will passive investors (limited partners) who have invested in syndications (through crowdfunding or otherwise) see losses they had not predicted? How can you access discounted real estate opportunities this time around that were only available to a select few during prior downturns?

Let us help you prepare your real estate portfolio no matter what the future holds, whether it be business as usual for real estate investors or a period of wealth transfer where those less prudent during the good times, lose their assets to those who have sat on the sidelines, patiently waiting for a correction.

Be among the first to know of discounted investment opportunities as the market cycle plays out by subscribing to the GowerCrowd newsletter at https://gowercrowd.com/subscribe

Subscribe to our YouTube channel: ⁠⁠⁠ https://www.youtube.com/gowercrowd?sub_confirmation=1

Follow Adam on Twitter: ⁠⁠⁠ https://twitter.com/GowerCrowd

Join the conversation on LinkedIn: https://www.linkedin.com/in/gowercrowd/

Follow us on Facebook: ⁠⁠⁠ https://www.facebook.com/GowerCrowd/

***
IMPORTANT NOTICE: This audio/video content is for informational purposes only and should not be regarded as a recommendation, an offer to sell, or a solicitation of an offer to buy any security. Any investment information contained herein is strictly for educational purposes and GowerCrowd makes no representations or warranties as to the accuracy of such information and accepts no liability therefor. Real estate syndication investment opportunities are speculative and involve substantial risk. You should not invest unless you can sustain the risk of loss of capital, including the risk of total loss of capital. Past performance is not necessarily indicative of future results. GowerCrowd is not a registered broker-dealer,

    Tax Hacks for Real Estate Investors

    Tax Hacks for Real Estate Investors

    In today’s episode you are getting insights into the world of advanced tax strategies and asset protection for real estate investors with Mark Swedberg of Royal Legal Solutions. Mark shares a wealth of insights, drawing from his company’s unique model that he likens to a "fractionalized family office," providing high-level tax and legal strategies not just for the ultra-wealthy but for anyone earning over $150,000.
    You’ll learn about the underutilized potential of private foundations, a strategy often misconceived as only for billionaires. Mark also shows you how setting up a private foundation can offer substantial tax benefits and charitable opportunities, proving it's within reach for many investors.
    We also help you better understand the complex landscape of entity structuring, emphasizing the crucial role of LLCs and S Corporations in asset protection and tax minimization. Mark illustrates how these entities can be strategically used to enhance deductions, protect investments from legal threats, and optimize tax efficiency.
    We also cover some lesser known and utilized tax strategies like the Augusta Rule, employing short-term rentals for tax advantages, and the concept of paying family members for legitimate business tasks to reduce taxable income. Mark emphasizes the importance of seeking tailored advice and education in navigating these strategies, ensuring they align with individual financial goals and lifestyles.
    Tune in to gain Mark Swedberg's expert insights on leveraging legal and tax strategies to bolster your investment portfolio. Whether you're new to real estate or seeking to refine your strategy, understanding these sophisticated tax maneuvers is key to maximizing your returns, making this episode a must-listen for all real estate investors aiming for financial success.
    ****
    In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in.
    You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.
    You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

    Subscribe to our free newsletter here. 

    • 45 min
    The Real Estate Syndication Nightmare

    The Real Estate Syndication Nightmare

    My guest today is Aleksey Chernobelskiy who is principal at Centrio Capital Partners. Aleksey helps Limited Partners (passive investors in real estate syndications – aka ‘LP’s’) with existing and future investments, writing tips, and advising or providing educational content to help them navigate the current market, as well as make decisions on how to act and what to look for as they consider investment opportunities going forward.
    Aleksey is a prolific writer. His background includes having run a $10 billion commercial real estate portfolio and he has a quadruple major, (gasp), from the University of Arizona in finance, mathematics, economics and accounting.
    The insights he shares in today’s show are largely based on conversations that he has been having with LP’s who are facing issues with some of the deals that they've invested with and who are seeking guidance. He also offers independent third party counsel on how investors should be thinking about the commercial real estate environment in 2024.
    Aleksey and I explore the essential aspects of LP investments, focusing on both the opportunities they present and the pitfalls that uninformed investors might encounter. We discuss how LP’s’ lack of knowledge can lead to avoidable mistakes and heightened risks, plus we talk about capital calls dynamics, managing investment dilution, and making informed decisions during a capital call.
    Our conversation today provides invaluable guidance for LP’s looking to successfully make their way through the often complex world of real estate syndication, particularly during a downturn, while also providing a roadmap for comprehending the terms and status of an investments before contributing additional money during a capital call.
    Watch this episode to learn from Aleksey Chernobelskiy's extensive experience in LP investments. Learn about his approach to tackling the intricacies associated with these types of investments, his tips on risk management, insights on maintaining an informed perspective throughout your investment journey, and his advice on leveraging knowledge to make sound investment decisions.
    ****
    In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in.
    You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.
    You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

    Subscribe to our free newsletter here. 

    • 53 min
    Boosting cash flow and increasing profits

    Boosting cash flow and increasing profits

    Are you maximizing your tax deductions as a real estate investor?
    In this episode of our series on how the tax Code applies to and benefits real estate investing, we are doing a deep dive into cost segregation with Yonah Weiss, Business Director at Madison SPECS. Yonah provides an in-depth explanation of how engaging in cost segregation studies can increase cash flow by accelerating depreciation deductions resulting in tax ‘losses’ that can be used to offset passive income and capital gains.
    For the uninitiated, Yonah explains cost segregation, an advanced tax deferral method that enhances depreciation deductions that effectively reduce the amount of taxes owed by property owners, in 101 terms and then provides a deep dive into the details, explaining how it can be used to dramatically increase cash flow and profitability.
    We talk about the differences between residential and commercial properties in terms of their depreciation schedules (as well as explaining what ‘depreciation schedules’ are) and discuss the specific implications for each. Yonah explains how he and his company actually conducts a cost segregation study and, for what it costs (and I am not being paid to say this!), Yonah’s company engages in some highly skilled and what sounds like laborious and detailed analysis to run their cost segregation studies using engineers and tax professionals to look at assets.
    Using case study examples, Yonah discusses how to manage potential longer-term liabilities like ‘depreciation recapture’ when selling a property – something I have always thought of as the defining characteristic of the tax code that, ‘what the IRS giveth, the IRS taketh away.’
    We also discuss how the benefits of a cost segregation study can apply to both sponsors and their limited partners (investors) as well as under what circumstances there may be variances in how the benefits are applied across the entire investor cohort.
    Tune into this episode to gain valuable insights from Yonah Weiss on employing cost segregation strategies to enhance your investment portfolio's profitability by boosting cash flow and profitability through savvy tax planning. Whether you are new to real estate investing or looking to refine your approach, understanding how to navigate these complex taxation strategies could be key to optimizing your returns and are one of the driving factors that make real estate so important an option for all investors.
    ****
    In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in.
    You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.
    You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

    Subscribe to our free newsletter here. 

    • 50 min
    Real estate investing tax benefits overview

    Real estate investing tax benefits overview

    Are you paying too much in taxes each year?
     
    In today’s episode, the first of a series covering (in detail) the tax benefits of real estate investing , my guest, Chris McCormack, CPA, and I discuss how real estate investors are leaving money on the table by not optimizing their tax strategies and what you can do to avoid paying too much tax.
     
    Chris and I review the main tax benefits of investing in real estate, for both sponsors and passive investors, as well as looking at some of the lesser-known tax saving strategies.
     
    Chris loves reading and understanding the tax code (thankfully, there are people like Chris!) and today you’ll learn about depreciation, cost segregation, and the utilization of 1031 exchanges to defer capital gains taxes. He explains in detail how these strategies can significantly reduce your tax liabilities and increase cash flow.
     
    His insights into leveraging tax laws to benefit from real estate investments make him a valuable resource for investors seeking to maximize their returns through tax-efficient strategies.
     
    Watch this episode to learn Chris McCormack's specialized tax strategies for real estate investors, his approach to dealing with the seemingly never-ending complexities of the tax code, insights on the pivotal role of tax efficiency in investment success, and his perspective on leveraging tax advantages to optimize returns in the real estate space.
    ****
    In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in.
    You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.
    You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

    Subscribe to our free newsletter here. 

    • 50 min
    How to short multifamily real estate

    How to short multifamily real estate

    Digest this stark statistic: a Collateralized Loan (CLO) portfolio with over 300 loans is showing a weighted average debt service coverage ratio of just 0.63. It is basically a disaster and one that my guest today is shorting – heavily.
    Gabe Bernarde is co-founder of Viceroy Research and has written a report called “Slumlord Millionaires”, that covers a well-known bridge lender who has been doing a lot of lending to multifamily sponsors. The report reveals an entire portfolio of multifamily loans that appear to be underwater and that are wrapped up in CLOs.
    In theory, CLOs are bullet proof because the lender who owns/manages them can swap out poorly performing loans for better performing ones, protecting the integrity of the entire portfolio. It’s a bit like having a fund with apartment buildings in it where the sponsor can swap out sub-performing assets for others to keep the funds’ finances healthy.
    What Gabe's research concludes is that this structure is fine until all the loans in a portfolio, or a substantial majority of them, are bad. Then you have nothing good to replace the bad.
    I've been researching CLOs ever since I spoke to James Eng of Old Capital for the podcast a few weeks ago. He reported having brokered $2 billion and told me 90% were underwater. Then I spoke to Dan McNamara at Polpo Capital, who is famous for having successfully shorted malls in 2020 who also thought that some CLOs were in dire straits and ripe for shorting.
    Look, there are multiple ways to make money in a real estate downturn.
    You can buy discounted assets from sponsors who are forced to sell or buy non-performing loans or REO from banks. You can provide rescue capital or set up a debt fund.
    Or you can short the stock of real estate companies you think are overvalued and that is exactly what my guest today, Gabe Bernarde at Viceroy Research, is doing.
    Learn what he is doing, how he's doing it, what he sees, why he thinks there is a very significant likelihood that multifamily real estate assets are going to hit rock bottom in the next few months, and discover his angle to making money in this market.
    ****
    In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in.
    You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.
    You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

    Subscribe to our free newsletter here. 

    • 51 min
    The value-add multifamily disaster

    The value-add multifamily disaster

    Today’s guest, Jeremy Roll, president of the Roll Investment Group,  is a seasoned multi-cycle real estate and alternative asset investor who is a voracious reader and analyst of market conditions, what's going on in the market, what's going on in the broader macroeconomic world, and in the industries that he invests in.
    I've known Jeremy for a long time, and what you're going to hear from him today are some insights into just how conservative he is in his investment approach, what he has been doing for the last few years and what he has not been doing, where he sees the market going and where he sees opportunities emerging over the next few years.
    Jeremy talks about how the market transitioned around 2016, prompting investors to adopt value-add strategies due to soaring property values. He shares why he chose to step back from value-add deals, preferring stabilized, more conservative investments.
    You’ll hear why prudent investors exercise caution particularly towards the tail end of economic cycles and why Jeremy believes this is the most perilous time to engage in higher risk/return strategies like value-add – and why he thinks it’s like an aircraft running short on take-off runway, highlighting the risks when market prices are at their peak, and an economic downturn is on the horizon.
    Jeremy discusses the challenges he faced finding opportunities during 2021 and 2022, a period dominated by floating-rate, value-add apartment deals and why his unwavering preference for ten-year fixed-rate debt meant walking away from deals others were piling into as they chased high, short-term returns.
    You are going to hear insights about the current state of the market, the importance of positive leverage, and why now is the time to wait for sellers to adjust their price expectations.
    If you are like Jeremy and me who prioritize protecting invested capital over chasing high risk, higher returns, you’ll find the conversation today makes a lot of sense. And if you are now facing capital calls on deals you’ve invested in, Jeremy’s insights, though too late for this cycle, will help you prepare to make money in the next cycle – and to be better prepared for its ultimate, inevitable downturn.
    ****
    In this brand new podcast series at GowerCrowd, The Real Estate Reality Show, we take a realistic view of commercial real estate investing, providing pragmatic insights for passive investors who are looking for sponsors they can trust and distressed opportunities they can invest in.
    You’ll find no quick fixes or easy money ideas here, no sales pitches, big egos or hype.
    You’ll learn how to build your wealth while protecting your capital investing as a limited partner in commercial real estate investments, even and especially during an economic downturn.

    Subscribe to our free newsletter here. 

    • 43 min

Customer Reviews

4.8 out of 5
32 Ratings

32 Ratings

Sher61584 ,

Very Informative

This is a great podcast that gives detailed, up-to-date and interesting information about the current state of the CRE market.

bradchandlercoaching ,

Great Podcast!!!

I recently had the pleasure of tuning into the Real Estate Crowdfunding show Podcast. This show is incredibly informative and provides great insight into the world of real estate crowdfunding. Hosts Mark and Tim are knowledgeable and engaging. Their guests provide a wealth of tips and advice on everything from the basics of real estate crowdfunding to in-depth strategies. The show also features interviews with industry experts that offer valuable perspective and insight into the industry. I highly recommend the Real Estate Crowdfunding show Podcast to anyone looking to explore this intriguing and potentially lucrative industry. Five stars!

Ghiga31 ,

Adam Gower shows is true colors

Adam was my landlord. He’s an awful guy, two-faces and a thief. Not just my experience but every tenant that has been unlucky to rent one of his properties. Unsure it makes sense to get any advice from him, no matter competence and experience he lacks integrity for sure.
Your choice.

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