The famous American entrepreneur, author and motivational speaker Jim Rohn once said, “Formal education will make you a living; self-education will make you a fortune.” A great way to self-educate is to listen to podcasts.
On our podcast, the Real Estate Monopoly, we interview some of the top real estate investors and influencers. They share their stories, gold nuggets that have helped them succeed, and dive into the ups and downs they’ve encountered along the way. These experts offer timeless wisdom and timely insights, and as a result, the Real Estate Monopoly is an invaluable resource for anyone looking to learn more about the real estate industry, whether you’re a seasoned operator or building your own portfolio.
This past year, we’ve had an amazing lineup of guests, who have come on to discuss topics ranging from economics, scaling a business, passive investing, generational wealth, time freedom, and more.
Here’s a list of the top 5 episodes our listeners tuned into the most in 2022.
Rob Beardsley oversees acquisitions and capital markets for Lone Star Capital and has acquired over $300M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions.
Rob dives into:
The fundamentals of underwriting. He discusses how he vets his markets.
The best advice for a new investor wanting to learn how to underwrite
Some overall market knowledge that can provide context to an underwriter’s assumptions.
Gems relating to how he stress tests his underwriting.
His views on the current debt market.
Pam Scamardo is an apartment syndicator and the Founder and President of TPK Properties LLC, a privately held multi-family investment company that acquires, manages and renovates medium to large sized apartment complexes on the west coast. With Pam’s drive and vision, TPK Properties has seen tremendous growth, tripling in portfolio size in the past few years. Pam specializes in syndicating deals and maximizing passive income for her partners while offering high quality housing to tenants in her buildings.
We discuss:
What a fear mindset is, and how she overcame it.
Barriers to entry to commercial real estate.
Finding a support group when you’re starting your real estate investing journey
DJ Hume is a seven year veteran and has a real estate business with over $10 million assets under management. A humble start working in the medical field with start-ups and emerging tech companies, he was relied upon for business development and strategies. DJ has taken that business knowledge to build Prosper Capital and has become a preferred borrower with Fannie Mae, Freddie Mac, Life Insurance Co, and one of the fastest-growing privately held real estate companies in the midwest.
In this episode, we cover several key topics including:
The (Seemingly Random) Way He Found His First Apartment Deal
How He Mitigates Risk When Investing
Common Mistakes New Investors Make
Mark Willis is a CERTIFIED FINANCIAL PLANNER™, a three-time #1 Best Selling Author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. As co-host of the Not Your Average Financial Podcast™, he shares some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you will not outlive. Mark works with people who want to grow their wealth in ways that are safe and predictable, to become their own source of financing, and to create tax-free income in retirement.
Mark tells us:
How he paid off his college debt by investing in real estate.
The importance of contracts in our society.
Common misconceptions about money and investing.
Whole Life Insurance and how the rich use it to build wealth
Matt Picheny is a real estate investor, Tony award winner, and author of the #1 best-selling book, Backstage Guide to Real Estate. He is focused on developing passive income streams that enable investors to write their own story and choose how they want to spend their time. Matt has over 15 years of experience revitalizing and elevating communities through real estate investment and has invested in over 8,000 apartments nationwide. He is a licensed real estate agent and has earned both Commercial Real Estate & Real Estate Finance certificates from Boston University. Matt is a member of the Forbes Real Estate Council, the Fast Company Executive Board, and is an advisor to a PropTech company. A PMI certified Project Management Professional, Matt is a digital marketing veteran whose 18-year career in the advertising world included working for some of the world’s largest advertising agencies, producing award-winning projects for Fortune 500 clients including Verizon, IBM, and Coca-Cola.
We chat with Matt about:
Conservative underwriting and sticking to his investment criteria using certain metrics.
What passive investors should know before investing in a particular deal.
How real estate can be used for activism.
The role persistence played in his success.
We hope you get value from these! To check out other episode from our show, click here!
Remember: The most important thing is that you apply this knowledge and put it into action.
Do you know what the #1 piece of advice we get from the successful guests we interview?
It’s to get out of the learning phase and TAKE ACTION! Whether it’s passive investing, finding your first deal as a syndicator, or attending a conference, this is the only way to actually reach your real estate goals and build a life by design.
So let’s get out there and take action!