Podcast
CRE Clarity
Hosted by Jeremy Goodrich · EN
All successful commercial real estate investors have one thing in common, they make smart decisions quickly. In other words, they have clarity.
This show is all about building that foundation for you. We ask the best investors in the business how they make decisions, how they manage risk, and how they've built their best systems and business plans. If you're a member of a GP team, CRE Clarity starts here.
10episodes
Episodes
Newest firstAll episodes
Operational Efficiencies at 1400 Units, with Jered Sturm
Dec 17, 202400:36:43Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today's guest is Jered Sturm, Co-Founder and CEO of SNS Capital Group. In this episode, we dive into navigating risk in real estate investing, taking the leap to grow your portfolio to hundreds of units, and mastering the art of efficient delegation. Tune in for insights and inspiration to elevate your investing journey! Learn more about Jered and his story at creclarity.com! "Doubling down, delayed gratification. That's a consistent narrative of our journey." 01:00 Jered began his real estate journey 18 years ago as a maintenance technician. In 2008, he started acquiring distressed assets using the BRRRR method. Over the next decade, he scaled his business from single-family homes to properties with over 100 units. In 2016, he transitioned to syndication and has achieved significant success in the space. "Results are what will attract money, and track record matters. It's not complicated, but it certainly isn't easy." 09:00 Jered shares insights on how he navigates risk and makes strategic decisions for his business. He emphasizes using fixed-rate debt over bridge debt, as it aligns better with his business strategy. His approach focuses on making asymmetric bets, where the potential upside far outweighs the downside. Jered also discusses how to take the leap into larger investments and scale your business effectively: Continuously improve your skills by striving to be 1% better every day. Document your processes and create detailed SOPs. Delegate tasks effectively to free up time for strategic growth. Establish clear KPIs, breaking them into three components: speed, quality, and quantity. Maintain a well-defined org. chart, regardless of your company's size. 32:00 At the end of the episode, Jered shares what excites him most about the next few years in real estate. He's focused on growing his company and creating new opportunities for the team that helped him succeed. Over the next three years, his goals include expanding his portfolio to 4,000 units and refining their SOPs for even greater efficiency. About our Guest, Jered Sturm Jered Sturm, the Co-Founder and CEO of SNS Capital Group, a prominent multifamily investment firm based in Cincinnati, Ohio. With over 17 years of experience in the real estate industry, Jered has successfully transitioned from an apartment maintenance technician to a renowned multifamily owner/operator and syndicator, with an impressive portfolio exceeding $150 million in assets under management. Jered's unique journey from the ground up, combined with his deep expertise in adding value and optimizing operations for long-term cash flow, offers a wealth of insights and actionable advice for your audience. His relatable narrative and hands-on approach to multifamily investment have made him a sought-after keynote speaker and a featured guest on several notable platforms, including the acclaimed BiggerPockets real estate podcast. Mentioned in the show: His LinkedIn https://www.snscapitalgroup.com/ www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Jered Sturm for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast Show produced by Eni Horvath
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Residential Land Deals, with Jamie Goldenberg
Dec 3, 202400:34:37Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today's guest is Jamie Goldenberg, the founder of Turn Prop LLC and creator of the Land Investing Club. In this episode, we unpack the essentials of land investing, breaking down its three key steps, exploring effective market strategies, and discussing the future of the industry. Join us and get inspired! Learn more about Jamie and his story at creclarity.com! 01:00 Jamie began his career at a major finance company after graduating from college, but he always had an entrepreneurial spirit. In 2018, after moving to Chicago, he decided to try flipping houses. Unfortunately, that venture didn't go as planned. By 2019, Jamie shifted gears, hired a land investment coach, and dove into land investing. Over the next four years, he built an impressive portfolio. "If you find a good opportunity, don't be scared, get it under contract. You're going to find somebody to help you with it." 06:00 Jamie breaks the land investing process into three key steps: search, spec, and sell. First, he explains the search phase—how to find the right land. Jamie focuses on identifying areas with strong supply and demand for residential lots. He uses direct mail to reach out to potential sellers and often speaks with homeowners and realtors in the area to conduct market research. Recently, Jamie has been exploring opportunities in commercial real estate as part of his land investing strategy. While he started with land flipping, he's now connecting with developers to identify areas for potential CRE projects. Finally, Jamie discusses the sell phase of the process. He highlights the importance of offering financing, as it enables buyers to afford higher prices, which can benefit both parties. "One of the things that I love about this space is that there's so much flexibility, um, there's lands always going to be needed." 30:00 At the end of the episode, Jamie shares his excitement about the future of commercial real estate. He appreciates the flexibility of the land investing industry and is eager to explore the many opportunities that lie ahead in CRE. Mentioned in the show: His LinkedIn https://www.landforsaleco.com/ jamie@landforsaleco.com www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Jamie Goldenberg for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast Show produced by Eni Horvath
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Large Urban Development, with Waikiki Paulino
Nov 19, 202400:40:07Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, our guest is Waikiki Paulino, the Chief Executive Officer of CRE Construction Partners. In this episode, we explore every phase of a development project—from due diligence and development to construction management and final asset disposition. We dive into building strong teams, ensuring project success, and why the pre-construction phase is often more critical than construction itself. Learn more about Waikiki and his story at creclarity.com! "It's not so much about stacking one brick over another or pouring concrete. It's really about understanding the mindset of the person who's doing the work and the business owner." 01:00 Waikiki developed an interest in ground-up development at a young age. At just 9 years old, he began working on project sites alongside his father. Later, he pursued a career as a carpenter and expanded his knowledge by studying commercial real estate, structural engineering architecture, and construction management, building a diverse skill set. Today, he has 26 years of experience in the real estate development industry. "Invest in buying inspections through all of the design architects and engineers. They must be there. It gets expensive, but that is not a place to cut corners." 05:00 Waikiki shares his ground-up development process, which he breaks down into four key phases: due diligence, development, construction management, and asset disposition. He emphasizes that after completing due diligence, the entitlement phase plays a critical role in a project's success. During this stage, it's crucial to assemble a strong team and establish early communication with the community. The third phase, construction, begins with pre-construction activities. Waikiki's team qualifies contractors to find the right team for the project, which significantly increases the potential for success in the construction phase. Finally, Waikiki explains his approach to exiting a project. He highlights the importance of securing a new owner or tenant several months before the building is completed. He also recommends involving the property management team or new owner with the construction team early in the process to ensure a smooth transition. 40:00 At the end of the episode, Waikiki shares his insights on the future of commercial real estate. He notes that the industrial market remains strong, while office and mixed-use buildings face significant challenges in the current market. Despite these hurdles, he predicts substantial growth in the commercial real estate industry in the near future. About our Guest, Waikiki Paulino Waikiki Paulino has led the development and construction of large-scale commercial real estate projects for investors since 1998. He graduated from New York City Technical College with a degree in Structural Engineering and Architectural Studies. He earned his bachelor's degree in Construction Management from Pratt Institute. He has also completed real estate masters' courses at New York University. Mr. Paulino worked for several New York City based union and non-union CM firms such as F.J. Sciame Construction Co., Sordoni Construction and Tishman Construction / AECOM where he managed select high-profile projects as a senior manager in various markets. His extensive experience in multi-family, office and hotel high-rise development as well as retail, education and museum new construction and restoration, facilitates deal negotiations for owners. He successfully helped owners reposition assets during the market crash in 2008 and during the COVID-19 Pandemic. Mr. Paulino's analytical background in engineering combined with his tolerance for high-stress high profile management at a fast pace has proven to be a solid foundation for opportunity evaluation, investment control and project team leadership. Mr. Paulino is committed to and motivated by helping solidify the investor's purpose for wealth building, community enhancement, generational improvement, and legacy perpetuation. Mentioned in the show: His LinkedIn www.creconstructionpartners.com www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Waikiki Paulino for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast Show produced by Eni Horvath
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Entering A Multifamily Resurgence, with Matthias Wilson
Oct 22, 202400:35:39Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Matthias Wilson, a military veteran turned multifamily syndicator. In this episode, we discuss how Matthias made the leap from being an Air Force pilot to acquiring millions of dollars in real estate, the steps to transition from single-family to multifamily investing, and how to maximize the potential of a value-add property. Join us and get inspired! Learn more about Matthias and his story at creclarity.com! "The growth is just exponential now that I don't have the day job distracted me from my passion." 01:00 Matthias began his career in the Air Force, where he flew C-130s for 14 years. He always had an interest in investing and bought his first 8-unit property in 2016, completing his first syndication the following year, in 2017. After experiencing significant success in real estate, he left the Air Force two years ago to fully dedicate his time and energy to his passion: real estate. Matthias discusses the skills he gained in the military that have helped him in his real estate career. He learned discipline, how to be self-taught, and the importance of being a strong team player. "I'm comfortable with the risks that I take, but I'm uncomfortable with taking risks with other people's money." 10:00 Matthias emphasizes that the most important factors for a successful deal are proper due diligence and teamwork. For new investors, it's crucial to build a team that includes experienced members to help establish the necessary processes. Throughout his career, Matthias transitioned from single-family homes to syndications. He shares how his mindset shifted during this transition, particularly in how he approaches risk. When working with investors' money, he is much more conservative in his risk assessments than when using his own. He observed a slowdown in the industry during 2022-2023, but by the end of 2024, he sees new opportunities emerging in the market that underwrite well. However, he notes that this window of opportunity may begin to close by the end of 2025. "The best way to do value add is to know your market." 32:45 At the end of the episode, Matthias explains how to get started in value-add multifamily investing. He prefers B-class properties. He emphasizes that the key is understanding the market and rental trends. He also highlights the importance of having a management team with the experience to execute your vision. About our Guest, Matthias Wilson Matthias bought his first investment home for $65,000. The next year, he purchased two more, and the following year, he acquired his first apartment complex. He soon recognized the power of building a network and a team. Since then, Matthias has raised over $5,000,000 in investor funds to acquire multifamily properties now valued at over $14,000,000. All of his investors are passive, meaning they build generational wealth while focusing on their own pursuits! Matthias now dedicates his time and energy to providing those same great returns and opportunities to as many investors as possible. He works with investors who can invest as little as $5,000, all the way up to multi-million dollar investments. If you're interested in learning more about his future opportunities, reach out to him to discuss your goals! Mentioned in the show: His LinkedIn www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Matthias Wilson for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening.
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LLC Strengths & Pitfalls, with Tzvi Weiser
Sep 10, 202400:35:01Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today's guest is Tzvi Wiser, Senior LLC Specialist at NUCO Filings. In this episode, we explore the flexibility and structuring of LLCs in real estate, the compliance requirements they must meet, and the impact of the new Corporate Transparency Act. Tune in to stay informed about emerging trends in real estate! Learn more about Tzvi and his story at creclarity.com! "The big syndicators usually don't make mistakes because they got lawyers taking care of them. It's the beginers that often make the mistakes." 01:00 Tzvi explored various career paths, from accounting to the high-tech industry, but during the pandemic, he found his niche in real estate LLC creation. Tzvi discusses the best strategies for creating and structuring LLCs. He highlights that LLCs are generally more flexible than a typical LP, offering different classes of shares and various arrangements for profit sharing. However, the distinction between limited partners and general partners is not always clear. One common strategy with LLCs is to place all the risk in a company with no assets. A recent trend for GP investors is to set up 3 LLCs: a management LLC, a GP LLC (from which they receive their extra share), and a third LLC for regular limited partner investors. "The key with the operating agreements, is they all have the same sections and there's no right and wrong in any section. The question is, what works for you?" 17:30 Tzvi shares his insights on some of the most important documents GPs and LPs need to have in place to protect themselves in a deal. The most crucial document is the operating agreement, as it is the backbone of the LLC. It's important to establish what works best for each partner. Next, Tzvi covers compliance requirements for LLCs. There are two key things needed for most LLCs across different states: A registered agent – Many people serve as their own registered agent, but if the LLC operates out of state, a filings company typically assumes this role. Filing an annual (in some states biannual) report. Tzvi also discusses the Corporate Transparency Act, which aims to track LLCs. Effective as of January 1st, 2024, this federal filing requirement can be challenging for those with multiple LLCs. To simplify the process, Tzvi recommends that all business owners obtain a FinCEN ID, which automatically updates any changes in LLC member information. 30:00 Toward the end of the conversation, Tzvi shares what he's most excited about currently. He's thrilled that the barrier to entry in real estate is lowering, especially with the rise of tokenization, which allows anyone to invest at any price point. However, he also expresses concern about increasing compliance regulations. Finally, Tzvi leaves listeners with a key takeaway: People should focus more on listening to each other—listen to the message and not the messenger. About our Guest, Tzvi Weiser Tzvi is an 18-year member of the NYS Bar Association, with an MBA and accounting degree. He is a 1031 exchange team leader at Nuco Filings. Nuco Filings is boutique entity formation and compliance firm. They will work with you hand in hand with urgency, speed and professionalism. They manage many large LLC portfolios for big players who rely on us to keep their entities in good standing and provide them with critical real time information, which often gets lost between the cracks. Mentioned in the show: His LinkedIn www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Tzvi Weiser for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast Show produced by Eni Horvath
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Midwest Multifamily Development, with Omar Khan
Aug 27, 202400:45:36Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, our guest is commercial real estate investor and developer, Omar Khan. In this insightful conversation, we explore Omar's career path from investment banking to real estate investing and development, discuss various asset classes for investment, and delve into the specifics of one of his standout deals. Learn more about Omar and his story at creclarity.com! "If you don't work hard and you don't manage your affairs in a judicious manner, then everywhere in the world, you are going to run into trouble." 01:20 Omar grew up in an entrepreneurial family with a strong background in commercial real estate. After working in investment banking, where he gained valuable knowledge about taxes, Omar focused on reducing his tax burden while ensuring financial security for his family. He approached his business with consistency and intelligence. "If you have good partners with similar shared values, you can go much further in a much shorter period of time with way less effort." 15:46 Omar shares his insights on limiting tax exposure, even with a W2 job. He recommends getting involved in tax-incentivized industries like oil and gas or real estate and emphasizes the importance of carefully managing your 401(k). As a business owner, he explains, it's easier to limit tax exposure by deferring taxes. Omar looked into various real estate asset classes, including retail and industrial, but ultimately chose multifamily properties for their generous tax write-offs. He focuses on B and A-class properties. In 2020, he expanded his portfolio to include development, highlighting that strong partnerships were key to his success. "In our line of work, success is not doing stupid things." 31:51 He's eager to grow his leadership team and expand their portfolio. Meanwhile, he keeps a close watch on the industry, making wise decisions in the challenging real estate landscape. About our Guest, 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 $450 million of assets across TX, GA, FL, and SD. Mentioned in the show: His LinkedIn https://www.boardwalkwealth.com/ www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Omar Khan for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast Show produced by Eni Horvath
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The Key to Capital Raising on LinkedIn, with Adam Knorr
Jul 30, 202400:32:11Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, our guest is Adam Knorr, a social media entrepreneur and ghostwriter for CRE firms and founders. In this episode, we dive deep into content creation on LinkedIn and how to do it right. In this episode, we dive deep into content creation on LinkedIn and discuss how to do it right. We cover the importance of niching down, being authentic and relevant on social media, and the role of AI in content creation—whether it's helping or hindering the process. Learn more about Adam and his story at creclarity.com! "Nitching is a really interesting and tricky conversation because that is the pushback you'll get from a lot of clients when advising them on their marketing." 01:20 Adam started his business, CRE Digital, with two partners. Initially, they focused on ghostwriting in finance and real estate. Later, they specialized in LinkedIn ghostwriting for CRE companies. Adam recommends niching down to a specific area, as it attracts the right clients and helps develop deeper expertise. While his company occasionally works with clients from different real estate sectors, that isn't their primary focus. "Providing value on LinkedIn is providing your story through a lens that only you can tell." 06:22 Adam shares insights on helping clients thrive in 2024 amidst the recent changes in the CRE industry. It's crucial to have a long-term strategy and consistently execute it, despite the constantly shifting market and algorithms. Be consistent and authentic and provide value through storytelling over time to achieve success. Adam also discusses how to create content on social media that converts clients. AI tools are valuable when used correctly. Study other content creators to understand what captures attention and why. Comment on 20 LinkedIn posts a day to gain ideas for your own content. "Everybody wants to write with AI and nobody wants to read AI." 22:02 Regarding AI's impact on content writing, Adam believes AI is a valuable tool for brainstorming and editing, but it cannot replace content created by real humans. He notes that people are less likely to engage with content that is purely AI-written. Finally, Adam shares one point of clarity with the listeners - Even if you don't see an immediate ROI from posting on LinkedIn, if you're interested, it will make you a better writer. So temper your expectations and be open to opportunities. About our Guest, Adam Knorr Adam is the Head of Content for CRE Digital. He's a ghostwriter for real estate firms and founders. Mentioned in the show: His LinkedIn https://www.credigital.io/ www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Adam Knorr for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast Show produced by Eni Horvath
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Are Kenyan markets similar to the US? with Winnie Cherutoh
Jul 23, 202400:24:09Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, our guest is Winnie Cherutoh, a real estate investment and sales consultant based in Nairobi, Kenya. In this conversation, we dive deep into the similarities and differences between the US and Kenyan real estate markets. We also discuss some fundamental principles for achieving success in sales. You don't want to miss this episode! Learn more about Winnie and her story at creclarity.com! 01:30 Winnie lives and invests primarily in Nairobi, Kenya. With a background in statistics, she became interested in real estate in her early twenties and has been in the industry for over 6 years. Her love of numbers has helped her become a prolific underwriter. "Kenya is a ripe market for investment." 06:48 Winnie discusses the Nairobian market, noting that while it is not as mature as some European or American markets, it has grown significantly over the last two decades. The Kenyan economy is growing at an average rate of 6% annually, and there is a housing shortage of around 200,000 apartments, creating many opportunities for investors. In the past couple of years, Winnie has observed an emphasis on experience-based housing in Nairobi, aimed at building communities with more amenities. Winnie is also a sales consultant. She shares some fundamental principles for achieving success in sales: Understand your field and the market you're in. Learn about communication and persuasion. Adopt a consulting approach rather than solely a sales approach. Be intentional. Know your "why" and help your clients move forward based on that. "I'm looking forward to seeing Africa grow. I do feel it's an emerging market and I want to see how it grows in the future." 21:14 Toward the end of the conversation, Winnie shares what she's most excited about currently. She's looking forward to the globalization of real estate and to seeing Africa grow. Finally, Winnie shares one point of clarity with the listeners - Prioritize self-education. Learn as much as you can about the market that you want to invest in About our Guest, Winnie Cherutoh Winnie has been in real estate sales for over half a decade. She believes that real estate is fundamentally a relationship business and high-pressure selling is quickly dying. Winnie helps her clients to master a non-salesy effective technique that will help them close more sales and get more referrals. Mentioned in the show: Her LinkedIn www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Winnie Cherutoh for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast
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Retired before 50, with Emma Powell
Jul 16, 202400:41:47Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Our guest today is Emma Powell, a real estate investor who achieved remarkable success. We'll dive deep into Emma's journey, exploring how she transformed her life – going from a stay-at-home mom of six to a multimillionaire in just five years. Discover the secrets to getting started in real estate investing and learn powerful strategies for building your path to financial freedom. Get ready to be inspired by Emma's story – tune in now! Learn more about Emma and her story at creclarity.com! "Managing a 10-unit building is very similar to managing 100-unit buildings." 02:29 Emma transitioned from commercial and wedding photography to real estate investing, drawn by the industry's opportunities and path to financial freedom. She began by investing in duplexes and triplexes, before moving on to raising capital for larger 100-unit apartment buildings. According to Emma, networking and collaborating with experienced professionals proved to be a key factor in her success. "You should not get into the landlording business if you're only in it for the money. It should be because you love buildings, and the people who live and work in them, and you find construction, development, and all those things fascinating." 18:30 Emma highlights that capital raising is a multi-step process, requiring patience and perseverance due to its time-consuming nature. Emma shares how she achieved financial freedom. She balanced smaller, cash-flowing properties she owned directly with involvement in larger commercial deals. Once rental income matched their day job income, Emma and her husband quit their jobs, and eventually reached true financial freedom through the power of compounding. "There's never a time when you don't wish you hadn't started sooner." 34:35 Toward the end of the conversation, Emma shares what she's most excited about currently. She anticipates a demographic shift that will impact real estate investing. While acknowledging the challenge this presents, she's also excited about the new opportunities it will create. Finally, Emma shares one point of clarity with the listeners - The sooner you start, the sooner you will say you wish you'd started sooner. About our Guest, Emma Powell Emma went from stay-at-home mom of 6 to a multimillionaire in less than 5 years. In 2022, she hit a huge goal by retiring her husband early on real estate investing. She has partnered on almost 1,000 apartment units and sponsors a free commercial investing club to help other investors expand their portfolios. As co-founder and president of Rise Capital Invesments, a boutique private debt and equity fund, Emma has raised several million dollars of capital for joint ventures and syndications. Emma hosts Passive Income Adventures Podcast with over 50 episodes, and has been featured on nearly 100 podcasts and has an easy to interview style Mentioned in the show: Her LinkedIn Rise Capital Investments: Empowering Financial Growth through Real Estate www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Emma Powell for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast
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Developing Industrial, with Alex Arenkill
Jul 9, 202400:35:24Tap to summarizeWelcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, our guest is Alex Arenkill, a real estate developer at Enclave. In our conversation, we dive into the development process. We talk about Alex's journey and the key steps in the industrial development process. Join us and get inspired. Learn more about Alex and his story at creclarity.com! 01:00 Alex's family were multifamily investors, so he grew up in the business. He explored various areas in the real estate industry but now focuses primarily on development and acquisition. At 29 years old, Alex has already gained extensive experience in real estate. He attributes his success to finding mentors, continuous learning, and networking. "The commercial real estate business is all about building and nurturing relationships." 11:30 Alex is an industrial developer based in Chicago. His company, Enclave, manages $1.5 billion in assets. They primarily work with businesses ranging from Fortune 500 companies to the middle market. Alex shares the key steps of the developer process: Building a relationship with the client and submitting the RFP. Most tenants and tenant rep brokers prioritize timing, delivery dates, and cost. Entering the entitlement phase, which involves understanding the general timeline and requirements for site plan approval. After due diligence, constructing the suit and securing tenants ahead of time. Alex's company typically works with tenants on 10-20 year leases. Finally, asset management and property management take over the project with a triple net lease. "Continue to treat people with respect and it'll eventually come back around to you and good things will happen." 33:00 Toward the end of the conversation, Alex shares what he's most excited about currently. He is hopeful that the feared recession will not occur and that the markets will stabilize. Finally, Alex shares one point of clarity with the listeners - Treat others how you want to be treated. About our Guest, Alex Arenkill Alex works at Enclave Companies, which is an integrated real estate investment firm, providing development, construction, and management services for their long-term partners, investors, and clients. At Enclave, Alex leads the national industrial build-to-suit & acquisitions platform, primarily focusing on ground-up developments in the cold storage, manufacturing, and warehouse/distribution sectors. Some of their repeat clients include PepsiCo/Frito-Lay and several national middle-market firms. To date, Enclave has successfully completed over $1.5 billion of investment real estate throughout the US, primarily across the industrial and multifamily asset classes. They also currently have a pipeline of an additional $400+ million of new development projects across the country. Mentioned in the show: His LinkedIn https://www.enclavecompanies.com www.shineinsurance.com/ The REI Clarity Framework Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we'll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ Special thanks to Alex Arenkill for taking the time to share so many great insights with us If you enjoyed this podcast, there's a couple of things we need you to do right now: · SUBSCRIBE to CRE Clarity on Apple Podcast, Spotify, or wherever you listen to podcasts · While you there, please RATE & REVIEW the show · SHARE with friends · Finally, please, JOIN the CRE Clarity Facebook Group Then, please share the show with whoever you think it will inspire. Until the next time, We truly appreciate you listening. Need the CRE Insurance Guy? More great stories & information at: Youtube – Blog – Podcast
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