Join Usha Patel & Bob Wells, and Melanie & Josh McCallen for thoughtful conversations with everyday, hardworking families like yours: as we discuss the experiences that have been the touchstones of our unique journeys to financial freedom.
Ep 25: Learning and Growing, From Visitor to Investor with Joanne Bradley
After hearing a podcast about Renault, Joanne Bradley decided to drive down to the winery just as a visitor. Being a big history buff, she got the feel of the place, the authenticity, and the vision shared and presented in a way she could understand. Along with its history, authentic people, wind, agriculture, golf, and deer – all that was enough for her to write a check. In this episode, Joanne Bradley shares more about her investing journey at Renault Winery.
Joanne is an advocate of Accountable Equity’s Learn and Grow Event Series, because not only do you get to come to a beautiful place, you also have the opportunity to meet great people, enjoy good food, and have fun – without the pressure! You don't have to invest. It's all about the education and seeing how our investor community works.
Here’s what we talked about:
The relationships that come from investing
How Joanne started her investing journey with Renault
The emotional connection being part of the Renault community
Why more Renault is more than just a winery!
What to expect from attending Learn and Grow at Renault
More Than Just a Winery!
The good news is that Renault is a winery, in fact, the second oldest winery in America. The better news is that it’s not dependent on just wine sales. It’s the biggest wedding business in America, having sold over 800 weddings.
Renault is not just a winery but a community. It provides an asset for the investors as well as an income for those employees that need it. It’s a little more complex, but in a good way, because it brings in different cash flows. You can own private real estate deals and get distributions along with building wealth and building relationships.
The Relationships That Come From Investing
A nice side effect that comes from investing is the relationship you get to build with other people. When it comes to privately investing, the safest way to do it is to get to know the people you're going to invest with on top of really understanding the business.
Learn & Grow Event Series
E24: SPECIAL EPISODE - Behind the Scenes at Accountable Equity
In this episode, Scott Bindas, operating partner at Accountable Equity, joins us as we discuss our new offering for Phase 2 of the Renault Winery Resort.
The Renault Winery Resort was acquired almost three years ago, and it was expected to grow over five to 10 years. We were ready to stretch that to 15 years due to the pandemic, but surprisingly, we have already well exceeded our 10-year goal of revenue. Recognizing the demand for rooms, we have decided to launch the Phase 2 development process to increase our room quantity, potentially increasing profitability.
Now, if you're not interested in being an investor but want to learn how deals are put together, you're still welcome to listen to this episode and learn the basics as well as come to the webinars and other training we have put together.
Here’s what we talked about:
Attracting investors through quality operations
Why investors are joining our community
Why we’re doing Phase 2 of Renault Winery Resort
Learning new investing terminologies
The minimum investment for equity and returns
Understanding the conversion option
Participating in the upside
The number of revenue streams from hospitality investing
Things to Look into with Hospitality Investing
Culture - As an investor, you need to look at the culture and the community that has been built. At Renault, we're genuinely touching thousands of guests, especially on weekends. And so, it’s important to be able to come and see the culture and how they treat their guests.
Offerings - Don't worry about learning the terminologies because you don't have to know everything at once. You will learn it over time. The beauty of investing in a resort is you can have 10-20 plus revenue streams, and even more, as new ones are being created.
The Minimum Investment for Equity and Terms of Returns
Investment for equity at Renault starts at $25,000 a fund. Then you can buy at a minimum of $25,000 increments.
One of the options available for returns is preference payment. For instance, if you put $100,000 in, and we're selling at 10% preference, you're going to be earning an equivalent of $10,000 a year, which is a much better way than almost everything else going on in the world today.
You can buy in and make a lot of money for six years, and redeem it. Or you also have the option to convert it and potentially become a perpetual owner with us into the future.
Renault Winery Resort
E023: Taking Baby Steps in Private Investing with Ryan & Mandy Rosenberg
Born and raised in New Jersey, Ryan & Mandy Rosenberg met in high school, got married in 2003 and now live in Hightstown, New Jersey, an old, one-square-mile town founded in 1721. As a teacher and administrator in public education, Mandy never paid that much attention to the person who would show up in the faculty room once a month to talk to them about their investments. She later realized that once you open your mind to what this path could yield, it opens the door to more opportunities, and sometimes, you just have to take baby steps. They made their first jump into private investing helping out a local brewery.
Here’s what we talked about:
What drew them to Accountable Equity
Their first jump into private investing at a local brewery
Looking at all investing options
Understanding good debt and depreciation
Syndication vs. doing your own deal
More Than Just Investment
What drew them to Accountable Equity was how the company is taking properties that need some love and breathing new life into them. It's a great investment opportunity, but there's something more than that. It's about community building, historic preservation, and the ROI and all those things wrapped together.
If you have been very traditional in your investing, you just have to take baby steps. The learning curve can be steep in the beginning especially when you're starting out and not knowing much. Then you begin to know a little and then it accelerates from there. You start doing some research.
Syndication vs. Doing Your Own Deal
Syndications and doing things with people like Accountable Equity that care about your money and are accountable with your equity is awesome. It's potentially going to yield far better than Wall Street. Although nobody knows the crystal ball, it should because of the direct access to the actual deal. And if you have that passion and you're an active investor, you should and can build more wealth quickly that way.
The syndications are growing nicely. But sometimes, if you run your own project yourself, you can grow it quicker. There are also more opportunities. When you own your own private house or short term rental, you have all the tools available to you such as a debt and of your own capital going in and maybe pulling it back out. You're in charge and you can liquidate it.
E022: Building Wealth Through Real Estate with Val Skripek & Mike Gawell
In this episode, power couple Val Skripek and Mike Gawell join us as they share their investing journey. Val is one of the most talented real estate sales performance coaches. She has been in real estate with Keller Williams for over 10 years and heading on her 30th year in real estate, six years in coaching the rest as a sole proprietor agent. Mike, on the other hand, has an extensive retail background. He has a furniture wholesale business covering eleven states. Recently, Val and Mike have invested in Renault.
Here’s what we talked about:
What made Val and Mike jump into real estate investing
Educating people about real estate investing, especially your children
Mike’s retail background
What made them decide to invest in Renault
Educating People About Real Estate Investing
Too often, people become anxious about owning real estate. They worried about what would happen if the tenants don't pay or whether they have to get an accountant. And many times, Val and Mike have to explain that so they can get the message across.
That being said, it's about being selective about where you buy or what's it going to be like to manage that property? Is there a professional management company in play or how much work do you want to do? And that all comes into what is the investor going to buy? What is their ability to absorb risk? How dangerous do they want to live with that? How many units do they want to have?
Teaching Your Kids the Value of Building Wealth Through Real Estate
Real estate is all about relationships. Being able to share that knowledge with your kids is very important so they would understand the value of building wealth through real estate. And your kids seeing you being successful with it is empowering for them.
Email Val at firstname.lastname@example.org or call her at 215-872-7936.
Email Mike at email@example.com
E021: Demystifying Tax Strategies and Investments with Chad Gallagher
Chad Gallagher is the co-founder of SlateHouse Property Management, which currently manages over 7,000 units across the Mid Atlantic, SouthEast, and Southwest with local offices throughout.
Today, he's going to teach different strategies to move pieces around so when the money comes in, you don't pay tax on profit.
Here’s what we talked about:
How Chad got into property management
What is accelerated depreciation and how to make use of it
Why you should refinance a property and who can help you do it
People you should be talking to
Real estate investing strategies
Some Work You Should Be Doing When Getting into Real Estate Investing
Most Americans get a paycheck. It's ordinary active income. And on that, you pay taxes. Think of it as the red bucket. Then there's this green bucket, which is this glorious world of passive income.
Have a portion of your week allocated towards investing time. Here are some people you should be talking to your accountant, real estate agents, and syndicators.
Look at new green energy opportunities because that's where the world's headed to Who can you meet? Who can be educated? Read the company earnings of different companies because they'll tell you exactly what they're doing and why they're doing it.
Real Estate Investing Strategies
Choose the right guide. The first part of this is who you are working with. You should have a team of 10 to 15 to 20 people who you are using and with a couple of different real estate agents at all times. If you believe in investing, there's no rule that says you have to have one real estate agent. Have a whole bunch of people out there scouting for opportunities for you based on whatever you're looking for across the country. You don't even pay them until they find you a deal.
Work with an agent who understands investments, specifically B class properties because, in general, they are the most predictable in terms of returns.
Think about investments in 10 years because you can't accurately predict what's going to happen in six months. And 2020 is a great example of that.
Understanding Appreciated Depreciation
Depreciation is basically how quickly you’re writing off an asset over time based on what type of asset. This is the layman's version. And most properties depreciate over a long period of time, 27 years or more. What's fascinating about accelerated depreciation is it allows us to really compress that depreciation into one or maybe two years. When other passive income is coming in, these investments you're making are actually being used to write off taxes.
That's how you play the game where you can invest money and have more tax write offs. Passive income spins off money for the rest of your life. And that's how you start winning and stop just trading hours for dollars where every dollar is taxed at 35%.
Why It Makes Sense to Refinance Properties
You don't pay taxes on refinance. You may refinance an asset four or five times in your life and that's a home run. So you can pay off the asset and then refinance it, and the refinance comes back, and it's all just cash.
Interest rates are so low and appreciation has just gone through the roof. It's going to keep going when we have inflation. So people will be sitting on a ton of equity. You can take that money out and put it into projects and be making that 15% IRR (internal rate of return). That's leverage and that's how you start to change the game
E020: Cultivating a Purposeful Partnership with a Growth Mindset with Amit and Puja Gaglani
Today's guests on the podcast are Amit and Puja Gaglani, who are not only investors in Accountable Equity, but they've also done the entire lifecycle of an entrepreneur.
Amit is an investor in Renault as well as Capital H3. Amit owns a physical therapy company, and then transitioned on the business side of it. He was initially the producer as the physical therapist. Then he started hiring a team under him, stepping out of the clinician path, and started working on his business, instead of in his business. Currently, he has an equity stake in a larger company.
Puja helped him with everything, being a person in the background that would be his sounding board. And they both credit all they’ve achieved to the dynamic of their relationship that’s purposeful and believing in the things they want to accomplish.
Here’s what we talked about:
What the dynamics of their relationship looks like
Investing with a growth mindset
Going out of your comfort zone
Sharing wisdom to other people
Investing with a Growth Mindset
Usually, at the beginning of the journey for many people, it's all about being a great employee and generating revenue. And then sometimes it unfolds. After you start getting good at what you're doing, you start realizing there's way more to it, you know, than that.
Growth is a little scary for a lot of people because it's outside their norm. But sometimes, you have to be willing to venture outside the norm, open your eyes to the possibilities and listen, do your own investigating and due diligence, and ask questions. Nobody's forcing you to do anything. But if you don't go down that road to at least stretch your mind, then you'll never know what you've missed.
Going Out of Your Comfort Zone
You don't learn until you come out of your comfort zone. And then you set that example for your children too and teach them to still go out of their comfort zone in order to grow. It's also who you surround yourselves with. It’s about stretching what you already know to learn more.
Capital Hacking Episode 183 with Amit
Email Amit at firstname.lastname@example.org
If you’re interested in next level conversations that can help inspire you to take action this is the show for you! Hear how people/families work through their fears and limiting beliefs to accomplish what many of us are capable of doing too! Highly recommend this show!
Real stories from real people
I really enjoyed hearing the preview episodes from people that are real average everyday people - not to dim their star at all. But they are “normal” people investing for their families - not building some mega empire. That is super relatable and I love it ! Can’t wait to tune into more.
Inspiration, Warmth, Hope, a very nurturing approach to the Entrepreneurial Journey!
I listened to the first episode with Bob Wells and Usha Patel, and it moved me very deeply. These real estate superstars open their hearts and share deeply and authentically from their experience, from when they fell in love in the Middle East, and open up like never before. Their passion for business and they mission to educate the future entrepreneurs of the world is apparent. Business can indeed contain a double bottom line! It can be wealth-building and heart-building. What a necessary podcast for this day and age! May it indeed accomplish what it seeks!