Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond

Tanh Truong
  • 5.0 (9)
  • INVESTING
  • UPDATED WEEKLY

Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice. Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.

  1. 3D AGO

    Why Self Storage is So Sexy with Fernando Angelucci

    In this conversation, Tanh Truong interviews Fernando Angelucci, a prominent figure in the self-storage investment space. Fernando shares his journey from traditional real estate to self-storage, highlighting the advantages of this asset class, including high returns and low risk. He discusses various strategies for value-add investments, the importance of technology in operations, and the challenges faced in the industry. The conversation also delves into investor relations, fund structures, and the secrets to scaling a successful self-storage business. Takeaways Self-storage offers high returns with lower risk compared to other real estate investments.The transition from traditional real estate to self-storage can be driven by the desire to avoid tenant-related issues.Self-storage facilities are often recession-resistant due to their use during life transitions.Value-add strategies in self-storage can significantly increase profitability.Adaptive reuse of existing structures can save costs and time in development.Effective investor relations are crucial for scaling a real estate business.Technology plays a key role in optimizing self-storage operations and pricing.Understanding market dynamics is essential for successful self-storage investments.Not all investors are equal; managing investor expectations is vital.The self-storage industry has numerous ancillary revenue opportunities beyond just renting units. Chapters 00:00 Transition to Self Storage04:54 The Advantages of Self Storage16:58 Challenges and Horror Stories in Self Storage25:38 Value-Add Strategies in Self Storage27:50 Hybrid Strategies in Self-Storage Development32:31 Maximizing Profitability in Adaptive Reuse Projects37:30 Incentivizing Contractors for Better Outcomes46:36 Scaling Through Specialization and Outsourcing52:38 Structuring Deals for Investor Returns Fernando's Links: Website: ⁠ssse.com⁠ Phone: 630-408-8090 Here's the link to my book: ⁠https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ⁠ Want to learn more about CRE? ⁠investbeyondmultifamily.com/course⁠Use Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: ⁠https://strike.me/tanh⁠Dollars via Paypal: ⁠https://www.paypal.com/paypalme/tanht⁠Dollars via Venmo: ⁠https://account.venmo.com/u/tanh-truong⁠ 🌍 Website: ⁠https://www.wontonwealth.com⁠✖️ X: ⁠http://www.x.com/tanhtruong⁠📷 IG: ⁠http://www.instagram.com/pro_tanh⁠🤓 LinkedIn: ⁠http://www.linkedin.com/in/tanh-truong-30a18ab0/⁠ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    34 min

  2. MAR 3

    Why Self Storage is The Best Investment Vehicle with Fernando Angelucci

    In this conversation, Tanh Truong interviews Fernando Angelucci, a prominent figure in the self-storage investment space. Fernando shares his journey from traditional real estate to self-storage, highlighting the advantages of this asset class, including high returns and low risk. He discusses various strategies for value-add investments, the importance of technology in operations, and the challenges faced in the industry. The conversation also delves into investor relations, fund structures, and the secrets to scaling a successful self-storage business. Takeaways Self-storage offers high returns with lower risk compared to other real estate investments.The transition from traditional real estate to self-storage can be driven by the desire to avoid tenant-related issues.Self-storage facilities are often recession-resistant due to their use during life transitions.Value-add strategies in self-storage can significantly increase profitability.Adaptive reuse of existing structures can save costs and time in development.Effective investor relations are crucial for scaling a real estate business.Technology plays a key role in optimizing self-storage operations and pricing.Understanding market dynamics is essential for successful self-storage investments.Not all investors are equal; managing investor expectations is vital.The self-storage industry has numerous ancillary revenue opportunities beyond just renting units. Chapters 00:00 Transition to Self Storage04:54 The Advantages of Self Storage16:58 Challenges and Horror Stories in Self Storage25:38 Value-Add Strategies in Self Storage27:50 Hybrid Strategies in Self-Storage Development32:31 Maximizing Profitability in Adaptive Reuse Projects37:30 Incentivizing Contractors for Better Outcomes46:36 Scaling Through Specialization and Outsourcing52:38 Structuring Deals for Investor Returns Fernando's Links: Website: ssse.com Phone: 630-408-8090 Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    27 min

  3. FEB 24

    Why Is Pro Storage Sexy (with Joe Downs)?

    In this conversation, Joe Downs shares his journey from being a bartender to a successful entrepreneur in the self-storage industry. He discusses the differences between self-storage and pro storage, the business model of pro storage, and the market opportunities available in the self-storage sector. Joe emphasizes the importance of flexibility, technology, and understanding the target audience for pro storage facilities. He also highlights the significance of location and the potential for growth in the self-storage market, especially with the aging population of facility owners. Takeaways Joe Downs transitioned from bartending to real estate after a failed bar venture.He learned about self-storage through various experiences and networking.Pro storage offers larger units and more flexibility compared to traditional self-storage.The self-storage market is largely dominated by mom-and-pop owners.There is a significant opportunity for new investors in self-storage.Pro storage targets tradespeople and small business owners.Location and market demand are crucial for successful storage facilities.Technology will play a key role in the future of storage solutions.The flexibility of month-to-month contracts is appealing to businesses.Joe Downs is actively involved in educating others about self-storage investment. Joe's Links: Email: ⁠joe@belroseam.com⁠ Website: ⁠selfstorageacademy.com⁠ Youtube: @thestoragemastermind Chapters 00:00 From Bartender to Real Estate Mogul15:59 Understanding Pro Storage vs. Self Storage50:19 The Future of Pro Storage and Market Insights Here's the link to my book: ⁠https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ⁠ Want to learn more about CRE? ⁠investbeyondmultifamily.com/course⁠Use Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: ⁠https://strike.me/tanh⁠Dollars via Paypal: ⁠https://www.paypal.com/paypalme/tanht⁠Dollars via Venmo: ⁠https://account.venmo.com/u/tanh-truong⁠ 🌍 Website: ⁠https://www.wontonwealth.com⁠✖️ X: ⁠http://www.x.com/tanhtruong⁠📷 IG: ⁠http://www.instagram.com/pro_tanh⁠🤓 LinkedIn: ⁠http://www.linkedin.com/in/tanh-truong-30a18ab0/⁠ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    35 min

  4. FEB 17

    What is Pro Storage (with Joe Downs)?

    In this conversation, Joe Downs shares his journey from being a bartender to a successful entrepreneur in the self-storage industry. He discusses the differences between self-storage and pro storage, the business model of pro storage, and the market opportunities available in the self-storage sector. Joe emphasizes the importance of flexibility, technology, and understanding the target audience for pro storage facilities. He also highlights the significance of location and the potential for growth in the self-storage market, especially with the aging population of facility owners. Takeaways Joe Downs transitioned from bartending to real estate after a failed bar venture.He learned about self-storage through various experiences and networking.Pro storage offers larger units and more flexibility compared to traditional self-storage.The self-storage market is largely dominated by mom-and-pop owners.There is a significant opportunity for new investors in self-storage.Pro storage targets tradespeople and small business owners.Location and market demand are crucial for successful storage facilities.Technology will play a key role in the future of storage solutions.The flexibility of month-to-month contracts is appealing to businesses.Joe Downs is actively involved in educating others about self-storage investment. Joe's Links: Email: joe@belroseam.com Website: selfstorageacademy.com Youtube: @thestoragemastermind Chapters 00:00 From Bartender to Real Estate Mogul15:59 Understanding Pro Storage vs. Self Storage50:19 The Future of Pro Storage and Market Insights Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    26 min

  5. FEB 10

    Masterclass In Development (Part 2) with Tony Johnson

    In this conversation, the speakers discuss the journey of transitioning from pharmacy to commercial real estate, the process of writing a book on real estate investing, and the intricacies involved in development projects. They delve into the importance of understanding zoning, utility management, and the significance of thorough feasibility studies. The discussion emphasizes the need for a strong team dynamic and the challenges faced in the real estate industry, particularly in development and investment strategies. Takeaways 1. The journey of writing a book can be overwhelming but rewarding. 2. Finding a mentor can significantly impact your learning curve in real estate. 3. Understanding the basics of commercial real estate is crucial for success. 4. Zoning and utility management are key factors in development projects. 5. Feasibility studies are essential to assess the viability of a project. 6. Team dynamics play a vital role in the success of real estate ventures. 7. Navigating the complexities of development requires thorough planning and research. 8. Topography and soil quality can make or break a development deal. 9. Negotiating with local governments can lead to favorable outcomes for projects. 10. The importance of understanding market demand and tenant needs in development. Chapters The Importance of Team Dynamics in Real Estate Development Projects: Key Considerations Navigating Zoning and Utility Challenges Understanding Topography and Soil Quality Feasibility Studies and Due Diligence Final Steps in Development Planning Tony's Linkedin: https://www.linkedin.com/in/tonytimeless/ Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE?  investbeyondmultifamily.com/course Use Code for 10% off: tanhtruong  🔋 Support My Channel 🔋 Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5 Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    23 min

  6. FEB 3

    Masterclass In Development (Part 1) with Tony Johnson

    In this conversation, the speakers discuss the journey of transitioning from pharmacy to commercial real estate, the process of writing a book on real estate investing, and the intricacies involved in development projects. They delve into the importance of understanding zoning, utility management, and the significance of thorough feasibility studies. The discussion emphasizes the need for a strong team dynamic and the challenges faced in the real estate industry, particularly in development and investment strategies. Takeaways 1. The journey of writing a book can be overwhelming but rewarding. 2. Finding a mentor can significantly impact your learning curve in real estate. 3. Understanding the basics of commercial real estate is crucial for success. 4. Zoning and utility management are key factors in development projects. 5. Feasibility studies are essential to assess the viability of a project. 6. Team dynamics play a vital role in the success of real estate ventures. 7. Navigating the complexities of development requires thorough planning and research. 8. Topography and soil quality can make or break a development deal. 9. Negotiating with local governments can lead to favorable outcomes for projects. 10. The importance of understanding market demand and tenant needs in development. Chapters The Importance of Team Dynamics in Real Estate Development Projects: Key Considerations Navigating Zoning and Utility Challenges Understanding Topography and Soil Quality Feasibility Studies and Due Diligence Final Steps in Development Planning Tony's Linkedin: https://www.linkedin.com/in/tonytimeless/ Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE?  investbeyondmultifamily.com/course Use Code for 10% off: tanhtruong  🔋 Support My Channel 🔋 Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5 Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    23 min

  7. JAN 27

    500% Growth in 3 Years (Part 2) with Slocomb Reed

    In this conversation, Tanh Truong interviews Slocomb Reed, a seasoned real estate investor and property manager based in Cincinnati. Slocomb shares his journey from being a youth minister to becoming a successful investor and property manager, discussing the evolution of his career, the importance of building a strong team, and the challenges of managing a growing portfolio. He emphasizes the significance of standard operating procedures, finding the right hires, and navigating partnerships in the real estate industry. The discussion also touches on the current state of the multifamily market and the potential of single-family investments. Takeaways 1. Slocomb Reed transitioned from a youth minister to a real estate investor.2. He emphasizes the importance of buy and hold strategies.3. Building a property management company was a key part of his growth.4. Self-management of properties helped him scale effectively.5. Finding reliable contractors is crucial for property management success.6. Standard operating procedures are essential for efficient operations.7. Hiring the right people can lead to significant ROI.8. Partnerships should be approached with clear exit strategies.9. New investors should focus on specialization and delegation.10. The multifamily market is currently facing challenges, but opportunities exist. Chapters 00:00 Introduction to Slocomb Reed and His Journey05:25 Scaling Through Joint Ventures and Partnerships10:30 Building a Reliable Team and In-House Operations Slocomb's Links: Website: ⁠tlp-management.com⁠IG: @yourhouseofbricks Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE? investbeyondmultifamily.com/course Use Code for 10% off: tanhtruong  🔋 Support My Channel 🔋 Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5 Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    18 min

  8. JAN 20

    500% Growth in 3 Years (Part 1) with Slocomb Reed

    In this conversation, Tanh Truong interviews Slocomb Reed, a seasoned real estate investor and property manager based in Cincinnati. Slocomb shares his journey from being a youth minister to becoming a successful investor and property manager, discussing the evolution of his career, the importance of building a strong team, and the challenges of managing a growing portfolio. He emphasizes the significance of standard operating procedures, finding the right hires, and navigating partnerships in the real estate industry. The discussion also touches on the current state of the multifamily market and the potential of single-family investments. Takeaways 1. Slocomb Reed transitioned from a youth minister to a real estate investor.2. He emphasizes the importance of buy and hold strategies.3. Building a property management company was a key part of his growth.4. Self-management of properties helped him scale effectively.5. Finding reliable contractors is crucial for property management success.6. Standard operating procedures are essential for efficient operations.7. Hiring the right people can lead to significant ROI.8. Partnerships should be approached with clear exit strategies.9. New investors should focus on specialization and delegation.10. The multifamily market is currently facing challenges, but opportunities exist. Chapters 00:00 Introduction to Slocomb Reed and His Journey05:25 Scaling Through Joint Ventures and Partnerships10:30 Building a Reliable Team and In-House Operations Slocomb's Links: Website: tlp-management.comIG: @yourhouseofbricks Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQ Want to learn more about CRE? investbeyondmultifamily.com/course Use Code for 10% off: tanhtruong  🔋 Support My Channel 🔋 Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5 Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

    25 min
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About

Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice. Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.

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