When Kris Bennett made a deal with a “mom and pop” self storage building, he had no idea the headache it would cause and the money he’d lose just to get out of it. Today, Kris tells us about the due diligence tasks and time period required for self storage units, the warning signs to look for before making a deal, and how he got out of this sticky situation. 

Kris Bennett Real Estate Background:

• One of two self-storage managing partners at PassiveInvesting.com
• 14 years of CRE investing experience
• Recently closed a 15k sf. self-storage facility and adding another 150 units, or 22,000 sf of climate-controlled units
• Under contract on 2 self-storage facilities in NC and CO totaling $18 million in price
• Based in Vacaville, CA
• Say hi to him at: PassiveInvesting.com

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Former debt collection attorney, Jay Tenenbaum, spent most of his career in the legal field before he made his first investment. Now, his main focus is syndicating defaulted mortgage acquisitions. Jay talks about the pros and cons of investing in mortgage notes, the most common mistakes he sees by rookie investors, and how he uses his legal background to help educate his investors.

Jay Tenenbaum Real Estate Background:

• Full time real estate investor and syndicator with 8 years of experience
• Main focus is syndicating defaulted mortgage acquisitions
• Just purchased 14 units in Pittsburgh for $200K, with a rehab budget of $700K, and an ARV value of $1.3M
• Based in Phoenix, AZ
• Say hi to him at: https://scottsdalerei.com/

• Best Ever Book:  Three Feet From Gold

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Growing up in a frugal household, Travis Watts had budgeting skills and values from a young age, and put them to use when he left for college. In today’s episode of the Actively Passive Investing Show, Travis shares his journey to financial independence. He talks about his start in real estate with house hacking, the pivotal moment that kickstarted his financial freedom, and the 4 key steps he took to get there. 

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Moving from South Korea at age 18, Yosef Lee always strived to prove himself in a new country. From working multiple part time jobs, to becoming a full time civil litigation lawyer, this father of 3 quickly learned to manage his time. Yosef is talking with us about where he invests his time and prioritization, how he maximized his investments during the pandemic, and his top 6 tips for managing your property managers. 

Yosef Lee Real Estate Background:

• Currently work as a W2 full time lawyer doing civil litigation. I become a multifamily investor at night and on weekends. 
• In Feb or March of 2020, I joined multifamily mentorship group/Mastermind with a goal of closing my first multifamily deal in 2020. In December 2020, my first 44 Unit deal was closed. 
• Current portfolio consists of  44 Unit (JV): Lead GP - Closed in December 2020, 68 Unit (Syndication): Lead Sponsor GP - Closed in March 2021, 63 Unit (Syndication): Co-sponsor GP - Closed in April 2021, 36 Unit (Syndication): Co-sponsor GP - Closed in May 2021
• Based in New York, NY
• Say hi to him at: Syndicro.com  and www.yosefhlee.com  

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Former Tech Engineer, Venkat Avasarala, left it all to pursue real estate. After maxing out on single family homes, he moved on to his first syndication. Today, Venkat is talking with us about how he found investors for his first syndication even without a proven track record, why he decided to move on to development, and the main difference between cash flow investors and long-term investors. 

Venkat Avasarala Real Estate Background:

• Full time real estate developer and syndicator
• Experience with multifamily, ground up multifamily and retail development, and land development
• Portfolio consists of 3500 multifamily unit value add, 500 multifamily units under construction, and 1000 units in the pipeline
• Based in Dallas, TX
• Say hi to him at:  www.strykerproperties.com

• Best Ever Book: How to Win Friends & Influence People

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After growing up in a disciplined household in India, Vikram Brar moved to San Francisco and picked up the Tuscon, AZ market. He’s grown to over 500 units now, with over $50M in assets under management. Vikram is sharing his top 3 challenges of starting a fund, how he is continually raising capital, and how his capital income dictates the way he looks at future deals.  

Vikram and Princi Brar Real Estate Background:

• Vikram and Princi are Co-Founders of Waahe Capital 
• Vikram leads acquisitions, investor relationships, and operations, while Princi focuses on true value creation through modern design, strategic sourcing, and cost-effective renovations
• Portfolio consists of 517 units and $51,773,000 assets under the management, and just acquired 8th multifamily property
• As a vertically-integrated organization, we are very actively involved with focuses including: Multifamily asset acquisition, property management (in-house), redevelopment (including in-house construction & design teams), and asset management
• Based in San Francisco, CA
• Say hi to him at: WaaheCapital.com

• Best Ever Book: Napoleon Hill Books

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Full time investor, Keke Williams, grew up surrounded by real estate as her family did property restorations. Now, she’s involved in mobile home parks, multifamily, and even foreign opportunities. Keke is talking about what is was like moving from fix and flips and having full control into mobile home parks and being part of a syndication, best practices for out-of-state management, and the benefits of foreign opportunities. 

Keke Williams Real Estate Background:

• Full time real estate investor and licensed Colorado broker
• Equity Partner-GP side; LP Investor; Turnkey Farmland Owner (passive income stream); STR portfolio owner
• Fix/flipped 7 higher-end houses; 2 apartment buildings we directly owned; currently own & in various stages of forcing appreciation in 1,000+doors of large Multifamily syndication projects across 3 cities; LP investor stake in 3 agribusiness/farming private equity syndications; own couple hectares of coconut & lime farms in Latin America; 2 STR properties - 1 in FL & 1 in Mexico
• Based in Denver, CO
• Say hi to her at: https://www.globalinvestoralliance.com/

• Best Ever Book: The Four Agreements

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Frederick Pierce got the commercial real estate bug while still in college. Now, he owns one of the largest student housing companies in America. Today, Frederick is telling us the criteria he looks for in universities, the types of requirements current-day students look for in their housing, how he finds financing for these multimillion dollar deals, and why he’s not developing multifamily housing in non-university settings. 

Frederick Pierce  Real Estate Background:

• Founder, President, and CEO of Pierce Education Properties
• Actively involved full-time as an owner/operator in the student housing industry nationally 
• Pierce Education Properties owns nearly 20 major Student Housing communities located in the Midwest, south and northeast sectors of the United States. 
• He will begin construction of two sizable Student Housing Projects in San Diego in the 4th quarter of this year that will be adjacent to San Diego State University, his alma mater.
• Based in San Diego, CA
• Say hi to him at: www.pierceeducationproperties.com

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After buying her first rehab rental property at the age of 22, Christina VanDergrift took her profits and turned them into a highly diversified portfolio. She now owns a variety of commercial properties, along with vacation rentals and single family investments. Today, we’re talking with Christina about the growing popularity of vacation rentals, why she loves adding office spaces to her portfolio, and the reasons comercial investing may bring in more guaranteed income in the current state of the market. 

Christina VanDergrift Real Estate Background:

• Full time Broker/Owner of two real estate brokerages - One that handles real estate sales/leasing in PA & NY and another that does vacation rental management in PA. 
• Owns a variety of commercial properties that both house our own businesses and some that are leased by others. We currently manage all of our properties, but one.
• Personally owns a variety of commercial properties, from a car wash to real estate offices and professional offices, we have a growing number of vacation rental properties across the country, a couple hundred acres of land with oil, gas and mineral rights, single family rentals, multifamily rentals, etc. 
• Based in Wellsboro, PA
• Say hi to her at: christina-vandergrift.com

• Best Ever Book: The Infinite Game

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In today’s episode of the Actively Passive Investing Show, Travis discusses the importance of the outperforming single family and multifamily asset classes. He breaks down why each is becoming extremely competitive, and what that means for someone entering the market. Travis is also talking about our current affordability crisis, and his predictions moving forward. 

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