Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development
Mindset, mind expansion and personal development for high-performing real estate investors. Join Tyler Chesser, a successful real estate entrepreneur and personal growth thought leader, as he sits down for mind expanding conversations with influential authorities in real estate, as well as top experts in other industries and disciplines. In these discussions, Tyler distills the mindset, habits, routines and tactics from the experts which will support you in your own quest to Elevate to a life without limits.
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Episodes
Episodes
Tuesday Nov 29, 2022
Tuesday Nov 29, 2022
With persistently high inflation, higher costs of living, reduced consumer spending, rising unemployment and layoffs, are we heading to an economic recession, if not already in it? If so, what’s the best course of action that you can take to protect your investments? In this episode, we highlight the importance of understanding market and economic conditions while learning how to protect your investment portfolio to mitigate losses.
Cornell University professor, Dave Collum joins us today to talk about the national and global economy, the threats to the system that can cause its breakdown, the ways you can protect your money, and investing in commodities and other assets. Learn about hidden inflation and why Dave believes we are at the top of a colossal bubble. As a plus, find out how we can be better investors by developing a critical thinking mindset amidst the proliferation of propaganda and fake news spreading across the various areas of our lives.
Key Points from This Episode:
Dave’s educational and professional background
Dave’s investing history and timeline set against the peaks and troughs of economic and market conditions.
The current economic and market conditions and why Dave thinks that we are at the top of the most colossal bubble in history.
Dave explains why the age of monetary policy may be over.
What is hidden inflation and why we should account for it as well?
Dave’s projections for the next 10 to 15 years and how these will impact investors looking to protect and grow their wealth.
What type of tragedy is Dave predicting for the economy?
How does one keep a critical thinking mindset amidst the proliferation of propaganda and fake news reaching across various areas of life?
Dave talks about the upside of the next 10 to 15 years.
How Dave is positioning his portfolio considering the favorable and unfavorable projections.
Dave answers the rapid-fire questions.
Tweetables:
“The age of monetary policy may be over.” - Dave Collum
“We finally have discovered that if you use profoundly loose monetary standards for a very long time, inflation will eventually show up.” - Dave Collum
“Every single time in history that someone has forced rates low ends in tragedy.” - Dave Collum
“The birth of the internet is democracy's greatest hope and worst enemy.” - Dave Collum
“I throw truth bombs out there, whether right or wrong, hoping that the people who hear the preposterous things I say will start to notice and question what they're being told.” - Dave Collum
“We're about to face an economy where fewer people are providing goods and services to more people and that's not a good situation.” - Dave Collum
“When I make decisions, I ask, if this decision goes very bad, will I forgive myself? If the answer is no, I don't do it.”- Dave Collum
"I'm not disappointed you lied to me. I'm disappointed I could no longer believe you." - Dave Collum
“There are claims out there by demographic legends that the world is actually about to face a demographic collapse.” - Dave Collum
“Understand the truth about the world today, about how things work, about how things are playing out underneath the surface.” - Tyler Chesser
“Question conventional wisdom and everything frankly, because if you want to go where you want to go, there are unseen or hidden predators or villains that are trying to steal your dreams.” - Tyler Chesser
Links Mentioned:
Dave Collum on Twitter
Year in Review 2021
The Price of Time by Edward Chancellor
The True Believer by Eric Hoffer
Propaganda by Edward Bernays
The Origins of Totalitarianism by Hannah Arendt
Invest with CF Capital
About Dave Collum
Dr. David Collum, MA, MS, Ph.D. is a Professor at The Cornell University. He received his Ph.D., MA, and MS degrees from Columbia University.
Tuesday Nov 22, 2022
Tuesday Nov 22, 2022
Raising capital efficiently for real estate investment deals is one of the most challenging aspects of a real estate business for new investors and even seasoned ones. Those who are self-financing deals will eventually run out of money and will have to find other ways to finance deals such as using other people's money (OPM). However, real estate investors, both novice and experienced, struggle to connect with potential private investors. What’s an effective way, then, to attract investors and raise capital?
Marketing expert and real estate investor, Dave Dubeau, joins us today to cast light on the all-too-demanding but critical-to-success facet of investing – attracting investors and capital raising. Clocking up years of experience in marketing for capital, Dave takes us through his own personal journey of marketing successes and failures and points us the way to tried and tested strategies in real estate marketing. If you are a novice investor fearful and uncertain about how you’re going to get the funds you need or an experienced capital raiser who even after multiple raises is still unsure of the success of your next raise, then this episode is for you.
Key Points from This Episode:
Dave’s background story.
Dave talks about the process of self-education.
How did Dave market his first business in Costa Rica?
What advice would Dave give his younger self about direct response marketing?
How negative things can be leveraged as motivation to achieve goals.
Dave’s first venture in real estate upon returning to Canada.
How did Dave leverage his experience in direct response marketing in finding real estate deal opportunities?
How Dave became a director of marketing for a seminar-workshop company.
How did Dave learn about raising capital for real estate?
How does Dave think through the marketing process for the various aspects of real estate investing?
What marketing channels or platforms does Dave recommend for real estate investors?
Dave answers the Rare Air Questionnaire.
Tweetables:
“Most people who have done anything worth looking at or worth being proud of, at some point, didn't know what they were doing and had to figure it out.” - Tyler Chesser
“It's amazing how fast you can learn and how much of a good student you become if it's something that's practical for you.” - Dave Dubeau
“Find people who know what you want to learn, and then figure out how to learn from them. Whether that's books, podcasts, programs, coaching, mentoring, whatever it is and whatever you can afford, get going right away.” - Dave Dubeau
“Be willing to do whatever it takes.”- Dave Dubeau
“Sometimes negative things can turn out to be positive.” - Dave Dubeau
“Pick one thing that you enjoy doing or at least you don't mind doing and that you can do on a consistent basis, get that rolling first.”- Dave Dubeau
“Play to your strengths.” - Dave Dubeau
“Face those fears, take action, and do something. That's what makes all the difference. “ - Dave Dubeau
“If you're feeling stuck, just do something that makes you feel a little bit uncomfortable in the direction that you want to go.” - Dave Dubeau
Links Mentioned:
How To Raise Capital 101 Show podcast
Money Partner Formula
"The Ultimate Sales Machine" by Chet Holmes
"Who Not How" by Dan Sullivan and Benjamin Hardy
Invest with CF Capital
About Dave Dubeau
Dave Dubeau helps real estate entrepreneurs to scale their portfolios by attracting investors, joint venture partners and their capital instead of chasing after it. He created the “Money Partner Formula” process that raises 6-figures (or more) in 6-weeks (or less) by getting the right investors coming to you. Dave is the CEO and found of Results Enterprises Inc. / the Money Partner Formula which offers a proven strategy to help clients find their ideal investors and quickly raise the capital they need to grow their real estate portfolios fast. He is also a passive investor, best-selling author, sought-after speaker, and host of “The How To Raise Capital 101 Show” podcast.
Tuesday Nov 15, 2022
Tuesday Nov 15, 2022
As entrepreneurs, I’m sure many of us have gone through phases of doubts and fears, struggling to maintain that entrepreneurial spirit. Oftentimes, the biggest battle takes place in our own mindset. Entrepreneurs with a limiting mindset view success with scarcity and limitations so that they give up easily when amidst setbacks and failures while those with a limitless mindset view obstacles as opportunities for growth allowing them to think big and push forward.
Our guest today, Jeremy Tomes, embodies that boundless entrepreneurial spirit and lives out the limitless belief mindset. Born with limited opportunities, Jeremy grew up creating opportunities for himself and became highly successful in his law career and real estate investing and entrepreneurship. Not a stranger to failures, his limitless mindset and the constant pursuit of excellence pushed him to take adversities as challenges to be hurdled and experiences from which to gain lessons for improvement. Listen now and learn how you, too, can develop a growth mindset and deepen your resilience and determination to succeed. It’ll help you build efficiencies in your business and your way of life.
Key Points from This Episode:
Jeremy shares his personal background and upbringing.
Where does Jeremy’s entrepreneurial spirit come from?
Jeremy’s pursuit of creating generational wealth by leveraging a disadvantage into an advantage.
What went wrong in Jermey’s first real estate investment?
Where does Jeremy get the solid mindset for pushing himself through adversity?
What’s the current focus and business model of Jeremy’s company?
How does Jeremy balance his many roles as an investor, a big-firm attorney, a business owner and leader, a father?
How does Jeremy invest in himself?
Jeremy answers the rapid-fire questions: most impactful book, the biggest way he elevates his life and others.
Why Jeremy preaches the limitless belief system.
Why Jeremy encourages people to be vulnerable.
Jeremy’s Big Law Capitalist Podcast
Tweetables:
“Nothing really can stop you from doing anything except yourself “ - Jeremy Tomes
“Think of the wildest thing you want to do, and then figure out how to get there.” - Jeremy Tomes
“The downside experience can sometimes be the most effective.” - Jeremy Tomes
“Focus not on what's holding you back but on what you can achieve.” - Jeremy Tomes
“People aren't gonna invest in you and invest in what you're about if you're not first pouring into yourself.” - Jeremy Tomes
“Life's crazy short and if you're not taking advantage at every step, that's a disappointment, that's a shame.” - Jeremy Tomes
“The more we hear other people's stories, the more people are vulnerable. I think that's how we affect massive change.” - Jeremy Tomes
“Be vulnerable. It doesn't make sense to not share how you truly feel and what you're truly going through.” - Jeremy Tomes
“If you want to create big things in your life, you have to go through challenging adversity and challenging personal growth opportunities. Look at it as an opportunity rather than a detriment.” - Tyler Chesser
Links Mentioned:
Jeremy Tomes on LinkedIn
Big Law Capitalist website
Big Law Capitalist on Instagram
NuHomes Capital Management
"The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich" by Timothy Ferriss
"I Can't Make This Up: Life Lessons" by Kevin Hart
"E-myth" (5 books) by Michael Gerber
Invest with CF Capital
Tuesday Nov 08, 2022
Tuesday Nov 08, 2022
Problems and adversity are part of life. No matter how well you prepare, there are bound to be some things that will not go according to plan. And we learn early on that there is no straight line to success in business and in life. There will always be unforeseen obstacles along your path that will derail your efforts. But did you know that the path of many twists and turns that we’re taking toward our goal is strewn with gifts waiting to be discovered?
Join me today in an Elevate exclusive episode where we dive deep into the subject of problems, failures, and adversity and how we can turn them around to work in our favor. All we have to do is dig deep and look for the gift and meaning that lie within. Let me guide you through the key steps to finding the gift in problems and adversity as you steer your way to achieving your goals.
Key Points from This Episode:
Tyler introduces the episode’s topic - finding the gift in problems and adversity.
What does Napoleon Hill say about adversities and failure in his book, “Think and Grow Rich”?
In his book, “The Beginning of Infinity”, what does David Deutsch say about solving problems, creating knowledge, error correction, and infinite progress?
Tyler talks about his challenging life as a real estate investor and how dealing with various problems was key to his progress.
How adversities primed Tyler to create systems and processes, sharpen his skills, strengthen his mindset for bigger problems, capture more opportunities, and achieve more success.
Tyler highlights the importance of embracing problems and finding the gifts within even if this is hard to do amidst setbacks and failures.
What does William Shakespeare say about embracing adversity?
Gever Tulley’s words of wisdom about persistence and resilience.
Tyler explains the five steps to finding the gift in problems and adversity.
Tweetables:
“Every adversity, every failure, every heartbreak, carries with it the seed of an equal or greater benefit.” – Napoleon Hill
“An unproblematic state is a state without creative thought. Its other name is death.”
― David Deutsch
“Every problem that is interesting is also soluble.” ― David Deutsch
“Each of my problems was the pathway to more success, and getting closer to my bigger goals.” - Tyler Chesser
“Overcoming problems has allowed me to sharpen my skills in communication, leadership, and critical thinking, problem-solving skills. These are immeasurable in value. They are prerequisites to going bigger.” - Tyler Chesser
“It continues to be difficult for me to remember that problems are gifts, especially when I am in the middle of another problem.” - Tyler Chesser
“Let me embrace thee, sour adversity, for wise men say it is the wisest course.” - William Shakespeare
“Persistence and resilience only come from having been given the chance to work through difficult problems.” - Gever Tulley
Links Mentioned:
Invest with CF Capital
Think and Grow Rich by Napoleon Hill
The Beginning of Infinity by David Deutsch
Tuesday Nov 01, 2022
Tuesday Nov 01, 2022
Adversity is guaranteed, and it's just a matter of what gifts we receive from going through that adversity and how we train ourselves to be prepared. In this episode, Saket Jain will enlighten listeners to condition their minds for continued and ongoing success and constant and never-ending improvement.
Listen as Saket explains how essential it is to shift our mindset. Overcome and immerse ourselves in the gifts—the tremendous gifts and the tremendous opportunities that come from adversity. What will stick with you is when Saket mentions, “It's less about the mechanics, it's more about the mindset.” Don't miss this!
Key Points from This Episode:
Saket shares how he started in real estate.
Shifting mindset from “Why me and why now?” to “Why not me and why not now?”
Saket talks about how the world affects his financial trajectory, which impacts his family, himself, and everyone else.
Saket shares how shifting mindset is also self-reflective and pauses.
How can people integrate into their daily practice or rituals of self-reflection and building muscle memory?
Saket talks about the stereotypes about adversity and how to get out of that.
These days, the word “adversity'' is harmful in general.
Find growth: If we train our minds over time at that moment, we can go back to our training and fall to the level of our training.
Adversity challenge as a gift.
How setting yourself a timeline can also be a mental check.
How do accountability partners and coaches come in on your stressful situations?
A meta habit: Bringing the unconscious to the conscious.
How do we remember it when things are not going how we want them to be?
What is neurolinguistic programming?
Saket talks about how messed up his first deal was.
Tweetables:
“The only thing I would add to that is everything that we do, It's purpose driven” – Saket Jain
“The problem, I think, is that most of us don't pause and we don't self-reflect, and we don't have a mechanism or the muscle to go back to the time.” – Saket Jain
“Do it when everything is going well.” – Saket Jain
“It's the moments of adversity that grew the most. When everything is going well, you're not growing.” –Saket Jain
“Even if you have trained your mind, sometimes, it's like we forget that adversity is the greatest opportunity.” —Tyler Chesser
“Build a habit of every one hour, regardless of what's happening in your life. To take a two second pause on whatever is happening, and remind yourself that you're thankful to be alive.” - Saket Jain
“So if you want a certain action, you gotta change your thoughts.” - Saket Jain
Links Mentioned:
Impact Wealth Builders Website
Impact Wealth Builders Facebook
Impact Wealth Builders Instagram
Saket Jain LinkedIn
Elevate with Tyler Chesser Website
Invest with CF Capital
About Saket Jain
#1 bestselling author, investor, syndicator, tech enthusiast, and philanthropist Saket Jain is the Founder and CEO of Impact Wealth Builders where he’s passionate about achieving financial freedom through real estate. He has over 15+ years of experience in real estate investing. Over the last 5 years, Saket has taken a particular interest in class B/C multifamily apartments in markets that have strong fundamentals. Saket, along with his partners, has built a portfolio of over 2000 units totaling $200M in assets across several US markets, generating consistent double digit annual returns. In addition to investing, Saket currently serves as a Business Operations leader at Airbnb Headquarters. Prior to that, Saket, in his role as a business consultant built, launched and led profitable new ventures in the technology and financial sectors. When not investing or working, Saket loves time with his wife of 19 years and two daughters.
Tuesday Oct 25, 2022
Tuesday Oct 25, 2022
With many factors affecting the real estate business landscape characterized by wide and rapid fluctuations of market prices and interest rates, it is imperative for multifamily syndicators to be able to adapt to the fast-paced changes so that they can minimize risks and losses and still keep a profit margin. Therefore, as syndicators, we should learn tools, strategies, and techniques that will keep our real estate businesses running at an optimal level in any economic environment.
We are joined today by successful real estate investor and principal of Boardwalk Wealth, Omar Khan, to bring to you the latest issues that challenge multifamily syndicators in today’s inflationary environment. Omar shares how his company responds to the shifts in the economy and government policies that affect the housing markets and how they even raise the bar in multifamily operations. Find out what tools and techniques they use to manage their assets efficiently. Learn what types of loans best suit their current acquisitions. Listen to the end and discover how to turn a good investment into a great one. All these and more in today’s episode so tune in now!
Key Points from This Episode:
How to join Omar’s mailing list and regularly receive valuable content in your email
Omar and Tyler talk about inflation, the skyrocketing prices of commodities, and rising interest rates.
What differences does Omar see in today’s financing of multifamily deals compared to six months ago?
How does Omar manage and make projections given the constrained yield and loan-to-value brought about by the limited debt service coverage ratios and high-interest rates?
Where does Omar currently source floating-rate debt for acquisitions?
Does Omar anticipate compressed yields or an appetite from investors for lower yields?
How can strategic asset management turn a good investment into a great investment or a poor investment into a good investment?
Omar emphasizes the importance of having systems, structures, and processes, as well as training your team in strategic asset management.
What tools and technology does Omar’s company utilize for a more effective and efficient operation?
Omar shares their expense optimization process and how they manage taxes and insurance.
Omar talks about their optimal approach to managing renovation schedules.
How does Omar communicate his vision and business plan to his team and how he sees through the execution of the business plan?
What is Omar doing differently today versus his process one or two years ago to raise the bar in asset management?
Omar’s contact information
Tweetables:
"Turn a good investment into a great investment with strategic management." - Tyler Chesser
“This is the time we minimize risk, not enhance your profit.” - Omar Khan
“Balance speed with cost in managing renovation schedule.” - Omar Khan
“90% of success in this field is merely just being organized and showing up on time,” - Omar Khan
“Number one is finding the right people. Number two is standardizing and templating the processes.” - Omar Khan
“You have to let your team take control. If you just show up and do everything, your team can’t do anything. And then when you go away, your team's gonna collapse.” - Omar Khan
Links Mentioned
Omar Khan on LinkedIn
Boardwalk Wealth
Invest with CF Capital
About Omar Khan
Omar has advised on $3.7 billion in capital financing and M&A transactions, as well as securing $50+ million in equity from private and institutional capital. He is a graduate from the Rotman School of Business (University of Toronto), and a CFA charter holder with 10+ years of investing experience across real estate and commodities. As the principal of Boardwalk Wealth, Omar is primarily responsible for developing strong relationships with private and institutional investors, brokers, and strategic partners. He has closed on over $250 million of assets across TX, GA, FL, and SD.
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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.In this guide, created by your host Tyler Chesser, you’ll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more. Get your free copy at elevatepod.com and kick-start your new habits today. Your future self will thank you!This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.
Tuesday Oct 18, 2022
Tuesday Oct 18, 2022
Must we always challenge conventional thinking? If you believe that everything can be improved, then, we must say yes to challenging conventional thinking. Because change is happening all around us all the time, we cannot always accept long-held conventions as infallible and always effective. At the very least, accepting conventional thinking and practices without question stifles creativity, innovation, and progress. This goes in other areas of our lives including our finances and investments.
Seasoned real estate investor and alternative investment syndicator-operator Dave Zook of The Real Asset Investor joins us today to spur us to think and question conventional wisdom in investing so we can transform our investments and create more value. Discover how investing in other real assets and alternative investments helps not only in diversifying portfolios but in reducing tax liabilities as well. Gain a new perspective on capital raising as well as insights on the current market and economic environment while identifying areas where you can force more value. Find out how Dave took his half-million dollars tax liability to zero in a year. Stirred your curiosity? Tune in now!
Key Points from This Episode:
Dave introduces himself and shares his family background and how he started in business.
Why Dave considers tax liabilities as conventional practices that can be challenged
How Dave took his tax liability from a half million dollars a year to zero by using the tax code to his advantage
How investing in other real assets and alternative investments helps reduce tax liabilities
How the government rewards investors who add value to people and society
What asset classes does Dave invest in to create value for society and diversify portfolio?
How Dave helps income earners and investors assess their options for tax strategy and advantages
Dave’s strategy for finding opportunities in various real assets
What advice will Dave give to his younger self at the period when he started raising capital in syndication?
Dave shares his perspective and some lessons learned through years of capital raising.
Dave emphasizes the importance of adopting the mindset of always challenging conventional wisdom in order to find innovative and more efficient ways of doing things and getting new outcomes.
Dave’s outlook on the current market and economic environment
Dave’s advice for investors to consider margins in their investments by identifying areas where they can force value
What does Dave consider as the biggest opportunities in the next recession?
What books have made the most impact on Dave?
What's the biggest way that Dave elevates his life on a daily basis?
What’s the biggest way that Dave elevates others around him?
Parting words of wisdom from Dave Zook
Tweetables:
"You can be conventional or you can be wealthy, pick one." - Dave Zook
"If you want to change your tax, you've got to change your facts. You've got to change the way that you're doing business and the way that you're investing." - Tom Wheelwright
“The idea that I could make a lot of money but control my own tax liability never occurred to me till just over a decade ago. And when I realized that it was in my control to reduce my tax liability, everything changed.” - Dave Zook
“If you want to be patriotic, do what the government wants you to do, and pay zero tax.” - Dave Zook
“When you add value to people, when you add value to society, the government rewards you for that.” - Dave Zook
“Go to market, add value, deliver a lot of value to a lot of people. That’s your fastest way to success (in syndication).”- Dave Zook
“Just a simple phrase of, "hey, you know what, it seems like this deal is not the best fit for you" can be one of the most powerful investments into a relationship that pays massive dividends down the line.” - Tyler Chesser
“Thinking long term is the difference between hunting and farming. A hunter goes out and catches or kills something and he gets enough to eat for the day. A farmer crops the soil, plants, and eventually, that bears fruit for a long, long time.” - Dave Zook
“Business is about relationships. If you've got to think long term, you've got to do what's best for your investor.” - Dave Zook
“Real success and real wealth is being able to build relationships and being able to take care of your body. If you don't feel good, nothing else matters.” - Dave Zook
“Success without fulfillment is the ultimate failure.” - Tyler Chesser
Links Mentioned
The Real Asset Investor
Horizon Structures
Tom Wheelwright
Cashflow Quadrant by Robert Kiyosaki
Rich Dad, Poor Dad by Robert Kiyosaki
The Compound Effect by Darren Hardy
Who Not How by Dan Sullivan and Benjamin Hardy
Invest with CF Capital
About Dave Zook
Dave Zook, founder and CEO of The Real Asset Investor, is a successful business owner and an experienced real estate investor active in multifamily apartments, self-storage, and the ATM space. Dave has acquired more than $100 million worth of real estate since 2010 and together with his investors own approximately 3000 multifamily apartment units. Dave is a renowned and trusted professional resource in the Automatic Teller Machine (ATM) investment market where he and his business partner have deployed more than $90 million of investor and personal capital.
As a #1 best-selling author and popular guest speaker, Dave has shared his knowledge at international business conferences and popular podcast shows. Dave, his wife Susan, and their 4 children live in Lancaster County, PA.
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Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.In this guide, created by your host Tyler Chesser, you’ll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more. Get your free copy at elevatepod.com and kick-start your new habits today. Your future self will thank you!This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital’s mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities.If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You’re invited to reach out and learn how you can invest with us by visiting cfcapllc.com.We’re also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you’re a new or an experienced investor, we’re confident you’ll find massive value in this resource. Get your free copy today at cfcapllc.com.
Tuesday Oct 11, 2022
Tuesday Oct 11, 2022
Understanding key factors that impact the real estate market is crucial when investing. Knowing how economic factors and government policies affect real estate investment potentials will instruct you on how, when, where, and what to invest in. Furthermore, learning how these forces work for or against each other will help you generate creative solutions and even discover unique opportunities amidst the complex and volatile markets that we’re experiencing today.
Join us in our episode today as we bring in real estate expert Eric Silverman of Eastham Capital. We explore the impact that economic factors have on the multifamily market cycles and how investors should respond with creative solutions because opportunities are waiting even in a downturn phase. Find out his real estate outlook for the next 3 to 5 years as we also zero in on the value of strategic partnerships in growing a real estate business. Listen until the end and you’ll hear how Eastham Capital’s funds have evolved in the last 15 years. Lots of insight and lessons to learn so tune in now!
Key Points from This Episode:
Eric’s analysis of the impact of economic factors (interest rate, inflation rate, consumer price index, capital markets, supply and demand) on the multifamily real estate market conditions (debt cost, mortgage cost, debt service, rent growth, occupancy rate, etc.)
What’s the buying condition as Eric anticipated a volatile market?
What are Eric’s predictions on price corrections in the regions where they operate?
What creative solutions does Eric’s company utilize to buy deals and why do others resort to mezzanine debt?
What’s the impediment to capital raising in the current market condition?
Why rent growth, considered an inflation hedge by investors but actually pushes inflation up as housing costs go up, may drive more rent control legislation.
Eric’s predictions on deal pricing, rental demand, house buying in the next three to five years, and why he’s bullish on the multifamily market
What will be the most compelling opportunities and the biggest risks in the next 3 to 5 years?
Eric’s advice to his younger self about forming valuable and lasting strategic partnerships
The evolution of Eastham Capital’s funds
What role does mindset play in navigating the complex economic environment and multifamily real estate market?
Eric’s parting thoughts or words of wisdom
Eric’s contact details
Tweetables:
"Every effort that we can put into talking to up-and-coming and potential partners and trying to find ways to work with people to get those relationships going, that has really generated our best values over time." - Eric Silverman
“We need to be creative. We want to be in the market, we want to buy deals, but we don't want to overpay for deals.” - Eric Silverman
“The impediment to fundraising at the moment is uncertainty, uncertainty about where inflation is going to land.” - Eric Silverman
“When I project out a little bit further, I think that the tailwind of demand for rentals is super strong in the United States in pretty much every market.” - Eric Silverman
“From a multifamily perspective, it's not recession-proof but it can be recession-resilient because everybody needs a place to live.” —Tyler Chesser
“Investors need to be patient and find their spots. But stay in the business, keep working deals, keep looking for opportunities.” - Eric Silverman
“Complex problems require creative solutions which create opportunities.” - Tyler Chesser
Links Mentioned
Eric Silverman on LinkedIn
Eastham Capital
Invest with CF Capital
About Eric Silverman
Eric Silverman is a founder and managing director of Eastham Capital. Along with Matt Rosenthal, Eric is responsible for overseeing all operations of the company. He is also a founder of St. James Capital, LLC, an FHA-approved lender specializing in multifamily residential housing financial services.
From 1995-2010, Eric was President and then Chairman of RentGrow, Inc., until it was sold in 2010 to Yardi Systems. Before joining RentGrow, Eric was a founder and principal in St. James Mortgage Company, a Fannie Mae-approved residential mortgage banker. From 1991 to 1994, he directed and implemented the company’s retail expansion into Massachusetts and New Hampshire and managed operations in those states. Eric learned the real estate industry through Holtzman and Silverman Construction and Realty, his family-owned business based in Michigan. H & S is a developer and manager of apartment and retail properties.
Eric graduated from Bowdoin College in 1985 with an AB in Mathematics. In 1991, he earned the degree of Master of Science in Management, with a concentration in Finance, from the MIT Sloan School of Management. He is an active alumnus of MIT, where he served as a judge in the $100K entrepreneurship competition for seven years. He is a founding director of Leader Bank in Arlington, MA. Eric is also on the Board of The Spaulding Rehabilitation Hospital Network – Partners Continuing Care, and he is a Friend of the McGovern Institute for Brain Research at MIT.
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