From the challenges of project budgeting and dealing with the unexpected twists of 2021, to the importance of conservative underwriting and the role of refinance, Sean Tagge offers a goldmine of insights into multifamily investing. Slocomb Reed facilitates a compelling discussion that also explores the mental and leadership aspects crucial for any investor's success.

Key Takeaways:

• Budgeting Realities: Recognize that going over budget can sometimes be part of the game. Use data and experience to predict and manage these situations, especially when external factors like rising material and labor costs come into play.
• Conservative Underwriting & Refinancing: Approach underwriting  conservatively. Sean shares how refinancing can significantly affect your IRR and why it's vital to ensure your deals work out even without relying on refinance.
• Leadership in Real Estate: Embrace your role as a leader in commercial real estate. Understanding and respecting the influence you have on others, from your team to your clients, can make or break your success in the industry.

Seth Tagge | Real Estate Background

• Founder of Acorn Equity and Acquisitions
• Portfolio:
  • 650 multifamily units
• Based in: Salt Lake City, UT
• Say hi to him at: 
  • Acornea.com
  • LinkedIn
  • YouTube
• Best Ever Book: The Big Leap by Gay Hendricks
• Greatest Lesson: Treat others as you would want to be treated when acting as their boss. You have so much influence over others as a leader. Don’t waste it.

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BAM Capital

Joel Block is the CEO and chief deal maker at Bullseye Capital, which focuses on distressed residential multifamily projects. He has been in the syndication and fund businesses since 1987, and he also assists attorneys in complex litigation cases involving real estate, securities, and alternate investments.

In this episode, Joel dives into the four categories of structuring funds that he helps his clients with: control, how LPs get paid, how GPs get paid, and a fourth miscellaneous category that includes elements such as marketing.

Joel Block | Real Estate Background

• CEO and chief deal maker at Bullseye Capital, which focuses on distressed residential and multifamily projects.
• Portfolio: Their fund owned close to 50 assets, but they have liquidated most of them as they look to wind down this fund.
• Based in: Los Angeles, CA
• Say hi to him at:
• syndicatefast.com
• Facebook
• Instagram
• LinkedIn
• Twitter
• Wikipedia
• YouTube
• Greatest lesson: One of the great mistakes that syndicators make (especially newer ones) is that they make their deals unfriendly to investors. Some terms are easy to structure in a way that encourages investors to say "yes" to the investment. These are critical to get right to maximize capital raising.

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Click here to know more about our sponsors:  Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com

Ronald “Ron” Rohde is the founder of a commercial real estate law firm where he primarily focuses on investor acquisitions and helping other investors buy commercial real estate. In this episode, Ron tells us about the importance of getting the right financing, when to consider using an open-ended fund, and the biggest lesson he’s learned as an investor himself.

Ronald “Ron” Rohde | Real Estate Background

• Founder of Ronald Rohde Law, a commercial real estate law firm that handles commercial real estate transactions from entity formation, PSA negotiation, and due diligence review through closing.
• Portfolio: GP of three industrial NNN properties in DFW, over 100,000 sq ft.
• Based in: Dallas, TX
• Say hi to him at:
• ronaldrohdelaw.com
• Facebook
• LinkedIn
• YouTube
• Best Ever Book: Traction by Gino Wickman

Greatest lesson: Just because you can do something doesn’t mean you should.

Click here to know more about our sponsors:  Cash Flow Portal | Equity Multiple | Cornell Capital Holdings | PassiveInvesting.com 

Perry Zheng is the founder and CEO of Cash Flow Portal, a real estate syndication software and investor portal. He got his start as a software engineer for Amazon and Twitter, then became an engineering manager for Lyft. He began syndicating during this time, which inspired him to launch Cash Flow Portal. In this episode, Perry discusses why he created the software, the factors that have contributed to its success so far, and his vision for the future of Cash Flow Portal.

Perry Zheng | Real Estate Background

• Founder and CEO of Cash Flow Portal, a real estate syndication software and investor portal founded in April 2020.
• Portfolio:
• GP of 830 units
• LP of 3,000+ units
• Based in: Seattle, WA
• Say hi to him at:
• cashflowportal.com
• Linkedin
• Best Ever Book: How to Get Rich: One of the World's Greatest Entrepreneurs Shares His Secrets by Felix Dennis

Click here to know more about our sponsors:  Cash Flow Portal | Equity Multiple | Cornell Capital Holdings | PassiveInvesting.com

Self-described “reformed attorney” Ashley Tison is passionate about helping business owners mitigate taxes through programs like Opportunity Zones. That’s why he co-founded OZPros.com — to democratize entrepreneurs’ ability to utilize Opportunity Zones to save on their taxes. In this episode, Ashley breaks down how Opportunity Zone funds work and how OZPros.com serves as both an educational tool and an investment opportunity.

Ashley Tison | Real Estate Background

• Co-founder of OZPros.com. He’s an attorney and entrepreneur focused on helping real estate investors reduce their tax liability.
• Based in: Charlotte, NC
• Say hi to him at:
• Linkedin
• OZPros.com

Click here to know more about our sponsors: Equity Multiple | Cornell Capital Holdings | PassiveInvesting.com | FollowUp Boss

Investor Soli Cayetano was able to retire at the age of 23 thanks to her popular Instagram account, Lattes and Leases. In this episode, Soli reveals the social media strategy that helped her connect with private money lenders to fund her deals and how she plans to grow in the future.

Soli Cayetano | Real Estate Background

• Principal at Queen City Communities, a real estate investment firm focused on value-add acquisitions.
• Portfolio: GP of 25 doors (four flips and several buy-and-hold properties ranging from 1-10 units).
• 24-year-old investor who is building additional capital through single family flips to fund multifamily projects.
• Based in: Cincinnati, OH
• Say hi to her at:
• Instagram: @lattes.and.leases
• LinkedIn
• Best Ever Book: The Comfort Crisis: Embrace Discomfort To Reclaim Your Wild, Happy, Healthy Self by Michael Easter

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

Do you find insurance and risk management hard to navigate? In this episode, Danielle Lombardo, Senior Vice President at Lockton, offers her expertise on selecting good insurance brokers and what common mistakes she sees investors make when choosing insurance plans.

Danielle Lombardo | Real Estate Background

• Chair of Global Real Estate Practice within Lockton Companies, a global insurance broker and risk management consultant.
• She’s an insurance broker and consultant for a variety of types of CRE firms. Within her specific team, they are focused on providing these services to real estate firms (owners, operators, developers, REITs, etc.) operating in all asset classes.
• Based in: NYC, NY
• Say hi to her at: LinkedIn
• Best Ever Book: Twelve Hours' Sleep by Twelve Weeks Old by Suzy Giodarno

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

Sam Sells | Real Estate Background

• Founder of Wild Mountain Capital, a real estate syndication firm.
• Portfolio: GP of 1,230 units for $66M in AUM. The firm is currently in the process of selling a portion of their assets and are projected to provide an average 30%+ annualized return to their investors.
• Syndicated 21 multifamily, self-storage, and mobile home community deals in the last three years, with a current focus on multifamily in Texas and Oklahoma.
• Based in: San Antonio, TX
• Say hi to him at:
• www.wildmountaincapital.com
• LinkedIn
• Best Ever Book: The Mission, the Men, and Me: Lessons from a Former Delta Force Commander by Pete Blaber

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

Are you getting good advice from your insurance broker? Do you have the right coverage for your properties? Insurance broker J.T. Lynch reveals five common mistakes investors make when dealing with multifamily insurance, and how to properly select and dissect a plan.

J.T. Lynch | Real Estate Background

• Broker at Ramey King Insurance, which is a full service, private insurance agency. They have specialized in multifamily insurance for over 35 years nationwide.
• 4 years of RE experience.
• Based in: Denton, TX
• Say hi to him at:
• Rameyking.com
• jtlynch@rameyking.com
• LinkedIn
• Best Ever Book: The Richest Man in Babylon by George S. Clason

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

How do you grow a good relationship with your investors? Margaret Kozlark, co-founder of investment firm Noblivest, shares three tips that have helped her connect with investors, and in turn, finance her deals.

Margaret Kozlark | Real Estate Background

• Co-founder of Noblivest, which helps investors build their wealth for noble causes, such as spending more time with family, volunteering in their community, and more. They are mainly focused on multifamily syndication. Down the line, they hope to expand into other asset classes such as self-storage and mobile home parks.
• Portfolio: GP of 111 units and LP of 1,000 units.
• Based in: Fairfield County, CT
• Say hi to her at:
• https://noblivest.com/
• Facebook: https://www.facebook.com/noblivest
• Instagram: @Noblivest
• LinkedIn: https://www.linkedin.com/in/margaret-kozlark-69104312/
• margaret@noblivest.com
• Best Ever Book: The Power of Moments by Chip Heath

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

What if you could minimize the risks to your investments? In this episode, David McAlvany, CEO of the mobile app Vaulted, shares why diversifying your assets with precious metals can provide stability during market dips, rising interest rates, inflation, and more. 

David McAlvany | Real Estate Background

• CEO of the McAlvany Financial Group which consists of McAlvany ICA (precious metals advisory firm), McAlvany Wealth Management (an SEC-registered investment advisor), and Vaulted (mobile app for investing in allocated and deliverable physical gold).
• A key pillar of McAlvany Wealth Management’s strategy is centered around hard assets and global real estate (specialty, niche commercial property with tight supply/ demand characteristics. Also tend to generate portfolio income.)
• Based in: Durango, CO
• Say hi to him at: https://vaulted.com/ | https://davidmcalvany.com/ | https://mwealthm.com/

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss 

We’re sharing the top ten sessions from the Best Ever Conference 2021 as we gear up for the second Best Ever Conference at the Gaylord Rockies Convention Center in Colorado this February 24-26th.

In this episode, Hunter Thompson shares how you can utilize the Fund of Funds model to scale your business.

Register for the Best Ever Conference here: www.besteverconference.com

Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss