Real Estate Investor Podcast

As an investor, it’s easy to get overwhelmed with the wealth of information that you’re required to sift through to make a good financial decision. It’s always wise to employ the services of a good broker, and Andrew Westling is here to explain why his firm is one of the best in the business! Andrew is a Director of Capital Markets at Walker & Dunlop, one of the largest commercial real estate finance and advisory services firms in the United States, and he is responsible for new loan originations and closings for multi-family and commercial properties nationwide. Andrew explains why having a broker is an absolute necessity in today’s market climate before detailing why many investors are apprehensive about pulling the trigger on new deals. We also discuss the effects of the Federal Reserve keeping its rates low, how Andrew weighs real estate investments against other safe options, why Walker & Dunlop is the safest bet for you, and everything you need to know about market fluctuations, lender variations, and asset class assessments in today’s lending climate. Key Points From This Episode: Links Mentioned in Today’s Episode: Andrew Westling on LinkedIn Walker & Dunlop ‘Episode 90: Critical Lending Environment Updates with Andrew Westling’ ‘Episode 125: Managing Debt with Andrew Westling’ Mortgage Bankers Association CBRE Federal Reserve Board Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Striking a balance between a bullish and bearish attitude toward the real estate market is a skill that is imperative for success in multifamily real estate. In this episode of the Real Estate Investor Podcast, we are discussing the future of the market and our conversation on the multifamily panel at the recent MFIN conference. Tuning in, you’ll hear about the unknowns in the market, what our plans are for next year, the importance of investing based on where you think the market may be, and more. We even remind you that the market is unpredictable and timing it perfectly is impossible. Thanks for listening in! Key Points From This Episode: Links Mentioned in Today’s Episode: Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Grit is a personality trait or quality beyond talent or intelligence. It is about having the determination and resilience to overcome obstacles and stay committed to a task or objective. In this episode, we take a unique turn as we dive into the world of epic grit with special guest Clay Speakman. Clay, a distinguished entrepreneur who has navigated the complexities of building technology companies, ventured on an extraordinary 10-year journey. He conquered over 100 challenging events, including 12 ultra-marathons, the Spartan Agoge, and three 70-hour death races. In our conversation, he unveils the profound transformation he experienced through these grueling trials and shares how his epic grit philosophy can redefine success and fulfillment for anyone. We explore the power of grit, the significance of embracing challenges, how simple daily actions can transform your life, avoiding the comfort trap, and much more! Join us as we explore the boundaries of your potential and unlock the key to building lasting wealth and personal fulfillment. Tune in now! Key Points From This Episode: Links Mentioned in Today’s Episode: Clay Speakman on LinkedIn Allective The EPIC GRIT Club on Facebook The EPIC GRIT Club on Instagram The EPIC GRIT Club Email Spartan Agoge Canadian Death Race Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

A 1031 exchange provides the opportunity of deferring taxes by swapping one investment property for another. However, the nuances of 1031s can be tricky to understand, so we’ve asked Mr. 1031 himself, Dave Foster, to join us and help explain the basics of a 1031 exchange. We discuss why the time constraints of 1031s are unattractive to investors, some solutions for deferring tax and maximizing a 1031, the costs related to 1031s, and how to overcome the challenges that may arise when investing in a 1031. We also learn about vetting 1031 intermediaries, the Delaware Statutory Trust, and the “four” D’s of 1031 investing. Key Points From This Episode: Links Mentioned in Today’s Episode: Dave Foster on LinkedIn Dave Foster on Instagram Dave Foster on X Dave Foster on YouTube The 1031 Investor Lifetime Tax-Free Wealth Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Competitive sports require a certain tenacity, discipline, and focus to succeed, and it’s one of the best teachers for embracing failure. Joining us today is BMX rider-turned real estate investor, Peter Eberhardt, and he explains how he was able to buy his first property at the tender age of 21. Then, we dive into the rest of his real estate journey as he shares the lessons he’s learned by being his own handyman, why it’s best to live as close as possible to your smaller investments, how coaches and mentors are essential for leveling up, and why an athletes mindset is a helpful trait to have in the world of real estate investing. Key Points From This Episode: Links Mentioned in Today’s Episode: Peter Eberhardt on Instagram Peter Eberhardt on Facebook Peter Eberhardt on YouTube BiggerPockets Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Every investment is accompanied by some element of risk. Seasoned investors know this, but for many, there is still a lot of fear around economic instability, market volatility, and more. Today, Joseph Fang, Director of Investor Relations here at Break of Day Capital, returns to the show to share his big-picture take on the current macro environment, the perks of being a contrarian, the dangers of over-diversification, and what you can do to capitalize on opportunities that others might be too cautious to take advantage of. To learn more about making solid investment decisions that will help you reduce risk and alleviate uncertainty, tune in today! Key Points From This Episode: Links Mentioned in Today’s Episode: Joseph Fang on LinkedIn Information Management Network (IMN) Multifamily Investor Network (MFIN) Conference – Discount Code: LIPSKY Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Asset Management Mastery Facebook Group Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

The entrepreneurial path is rarely a straight line, and it is often only upon reflection that you uncover the throughline beneath all the challenges and obstacles that you experienced along the way. Joining us today is Alan Underwood, a dynamic entrepreneur whose adventures range from launching a pizza chain at the tender age of 22 to navigating the stresses of managing a car dealership amidst the 2008 financial crisis. In today’s conversation, we learn about his journey into real estate, from his first two failed ventures to his now-thriving real estate company, Momentum Capital Group. Hear the fascinating story of how Alan entered multifamily real estate, the benefits of developing in California, and the strong economic drivers that led him to invest in San Diego. Alan also opens up about the despair he felt after losing his father, and how earning his pilot’s license and joining the non-profit, Angel Flight West, helped him find healing and connection. Be sure to tune in to this profound conversation that illustrates unpredictable twists of life, and uncover how determination, innovation, and a moment of serendipity can shape the entrepreneurial journey! Key Points From This Episode: Links Mentioned in Today’s Episode: Alan Underwood on LinkedIn Alan Underwood on Instagram Momentum Capital Group GoBundance Angel Flight West Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Just like anything else in life, real estate investing is filled with ups, downs, and many twists and turns. However, the real problem is when times of financial tribulation fill you with dread and feelings of inadequacy. But if you can push through those feelings and persevere through moments of doubt and financial downturns, then what awaits on the other side is a life of true financial freedom. We are thrilled to welcome Christina Suter to the show today as she explains why grit, education, and a steel mind are all you need for real estate investing success. Christina explains how her early education in finance gave her a leg up in real estate, how she steadies her mind and heart amidst failure and in times of distress, how to develop a mindset of grit and determination, and why she decided to launch her very own education platform. We also discuss the value of syndicators, why you should be prepared to purchase in the coming months, how highs and lows are inherent to the property game, and more tidbits of wisdom from the sensational Christina Suter! Key Points From This Episode: Links Mentioned in Today’s Episode: Christina Suter Christina Suter on LinkedIn Christina Suter on X Christina Suter on Instagram Christina Suter on YouTube FIBI Pasadena Real Estate Breakthrough Podcast ‘ITI - Discover Real Estate Success with Wes Hill!’ Bronson Hill on LinkedIn Neal Bawa on LinkedIn Ken McElroy Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

When it comes to investing in real estate, the decision-making process is of unparalleled importance. This is where you, as the investor, will ascertain whether to get involved in a project or look elsewhere for more viable options. To help us make sense of the decision-making process for investors, we are joined by real estate sponsor and developer, and our dear friend, Colm McEvilly. After coming from a background in mechanical engineering, Colm has since gone on to find his feet in real estate, helping multiple teams raise over $160 million in retail investor capital. In today’s episode, Colm walks us through the investor decision-making process, paying specific attention to the three biases around making decisions, how an investor gathers information, why an investor’s involvement in the decision-making process is key, and the four main categories you need to fully understand when vetting the quality of an investment. You can reach out to Colm via email with any questions or ideas that you may have, but for now, sit back, take notes, and enjoy! Key Points From This Episode: Links Mentioned in Today’s Episode: Colm McEvilly on LinkedIn Colm McEvilly on Facebook Colm McEvilly Email Viking Capital IronGall Investments The Infinity San Francisco Neal Bawa World Accelerator Neighborhood Scout GreatSchools FormDs.com Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn

Welcome to this special edition of the Real Estate Investor Podcast, where we bring you everything that happened in our recent Health is Wealth webinar with Ryan Kennedy. Ryan is a functional medicine practitioner, traditional naturopath, and board-certified clinical nutritionist who helps people improve their health through lifestyle and dietary changes. In Health is Wealth, Ryan breaks down everything you need to know to improve your mental clarity, maintain good energy levels, and keep your body functioning optimally throughout the entire day. He explains the importance of starting your day the right way and how to go about it, how you can feel like a million bucks without spending a penny, and how to stay active when your work requires you to be mostly seated, plus everything you need to know for an evening routine that leads to the perfect sleep. We also learn about the dangers of pharmaceuticals, the benefits of nootropics, how to use biofeedback properly, why getting proper sleep and taking care of your soul are two essentials for a long life, and more. You’ll want to take notes for this one! Key Points From This Episode: Links Mentioned in Today’s Episode: Ryan Kennedy Ryan Kennedy on LinkedIn Ryan Kennedy on Instagram Ryan Kennedy on YouTube Ryan Kennedy on Facebook Ryan Kennedy on TikTok The Ryan Kennedy Show Brandon Turner on LinkedIn ChiliSleep BodyHealth Newcomp Analytics MedLight 630 Pro PlatimunLED Therapy Lights Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn

Most real estate investors relax once the LOI period is over but that is a huge mistake! Loads of things can go wrong between LOI and the close of the deal, and joining us today is Corey Peterson to tell us all about possible bumps in the road. Tuning in, you’ll hear all about our guest’s remarkable career, why Corey works with an attorney in certain instances, his personal LOI timeline, why you need to understand your seller’s ‘why’, and so much more! We delve into who should draw up the purchase and sell agreement before discussing how money is made in operations. Some of the best deals seasoned investors have ever done are the ones they chose to walk away from, and in this episode, Corey reminds us to know when not to close. To hear all this and even learn from our guest’s biggest investing regret, press play now! Key Points From This Episode: Links Mentioned in Today’s Episode: Text “Book” to 480-500-1127 to get Corey’s book shipped to you for free! Corey Peterson on LinkedIn Corey Peterson on X Corey Peterson on Instagram Kahuna Investments Copy Your Way to Success: Standing on the Shoulders of Giants The Multifamily Legacy Podcast Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Laundromats may have the stigma of being boring, tiresome places where no one truly wants to be, but they should not be dismissed by willing investors outright, because buying into a laundromat may bring you faster returns than most real estate ventures. We are thrilled to be joined today by Jordan Berry, the Founder of Laundromat Resource, an education and community platform dedicated to current and future laundromat owners. After explaining his professional background and current job role, Jordan walks us through the key elements that helped him turn his business around, where and how to find and acquire laundromats, how prospective owners can verify their new acquisition’s income, and what a laundromat’s water bill has to do with the IRS. Be sure to join us for this intriguing conversation with Jordan Berry as we discover how to scale a laundromat, where to find help and resources for investing in laundromats, and why a laundromat should be every new investor’s first asset. Key Points From This Episode: Links Mentioned in Today’s Episode: Jordan Berry on LinkedIn Jordan Berry on X Jordan Berry Email Laundromat Resource Laundromat Resource on YouTube Laundromat Resource Podcast Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn

As long as people exist, the need for housing will too! Joining us today is Taylor Loht, founder of NT Capital Group and the host of the Passive Wealth Strategy show. He is here to tell us all about his experience as a fearless multifamily and self-storage investor. Tuning in, you’ll hear about his fascinating view of interest rates as an investor, why he will continue to invest even in the current climate, the importance of making informed decisions about investments based on multiple factors and not just on final business projections, and so much more! We even touch on how his investment strategy has changed over the years before our guest tells us about his favorite business books. You don’t want to miss this one so press play now! Key Points From This Episode: Links Mentioned in Today’s Episode: Taylor Loht Taylor Loht on Instagram NT Capital Group Invest with Taylor Passive Wealth Strategy Show Crucial Conversations: Tools for Talking When Stakes Are High Am I Being Too Subtle?: Straight Talk from a Business Rebel Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Where does property value lie? And what are the benefits of taking such good care of your property so that it’s worth more to you than the marketplace? Joining us today to explore these questions and to break down his enlightened approach to investing in real estate is Nick Stageberg, a software tech startup veteran and founder of Black Swan Real Estate, an established firm with over 300 million assets under management. We talk with Nick about his Infinite Returns strategy, his aversion to selling, and why cultivating a long-term mindset is the best way to ensure you make wise investment decisions. Learn how Nick uses deep value-adds to ensure that his units remain in excellent condition many years down the line — when others would typically require new rounds of repairs — and why vertical integration has been such a game changer for his business. Our conversation also covers Nick’s sophisticated approach to aligning his incentives with those of his investors and why serving others, rather than yourself, is such a powerful motivator. To learn more about Nick’s approach and his many fascinating insights on investing in real estate, be sure to tune in! Key Points From This Episode: Links Mentioned in Today’s Episode: Nick Stageberg on LinkedIn Black Swan Living Black Swan Real Estate on YouTube Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

For many investors, getting involved in a fund is a scary prospect as they just do not have all the information that they need to make an informed decision. But if they took the time to do the research, they’d realize that funds are a great way of diversifying portfolios and they can also add a bit of stability to an investor’s cash flow. Our Director of Investor Relations at Break of Day Capital, Joseph Fang, is on the hot seat yet again to further explain the value of opening a fund, why we chose to launch our own BODC Multi-Family Impact Fund, why we strive for diversification above all else, and everything you need to know about our new fund offering. We also discuss the timeline and criteria of requirements for investing in our fund, the must-have skills for all would-be fund managers, and the ins and outs of the BODC Multi-Family Impact Fund’s first acquisition. Key Points From This Episode: Links Mentioned in Today’s Episode: ‘BODC Multifamily Impact Fund Webinar’ Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

The demand for senior housing is steadily increasing across the United States. Joining us today to discuss this important trend and how to meet demand is Chris Finlay, Chairman and CEO of Lloyd Jones LLC. With a successful 43-year track record and $750 million in assets, Chris is considered a leading voice in the industry. He expresses his deep social convictions by using his expertise to uplift others and actively supports Shelters to Shutters, a non-profit organization connecting homeless individuals to housing and employment. Chris is also a member of the American Seniors Housing Association and CEO at Aviva Senior Living. In today’s conversation, he shares his insights on the world of senior living, informed by his extensive experience in the multifamily space. He shares his investment strategies and explains the unique decision to include a recruiter on every property before listing key differences to be aware of as an investor. We also touch on data, predictions for the next five to ten years of senior living investment, and how technological advancements impact the environment. Tune in today to hear all this and more! Key Points From This Episode: Links Mentioned in Today’s Episode: Chris Finlay on LinkedIn Aviva Senior Living American Seniors Housing Association Lloyd Jones LLC Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital Youtube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

If you want to succeed in real estate, then you need to know your market. That is the firm belief of today’s guest, Agostino Pintus. Agostino has almost two decades of experience in real estate and is the Founder and CEO of Bulletproof Cashflow, where he utilizes his expertise to effectively source, negotiate, and acquire commercial properties. In addition to his work as a real estate syndicator and investor, Agostino is also a gifted speaker and serves as an invaluable resource for aspiring commercial real estate professionals. There is nothing quick or easy about succeeding in real estate, and in today’s conversation with Agostino, we hear his advice on how to navigate the industry like a pro. Tuning in, you’ll learn about the biggest mistakes made by newcomers, the benefits of focusing on one market, and why every area presents an opportunity (you just need to learn how to recognize it). Agostino offers insight on key topics, like how to reduce risk, why one should opt for a fixed mortgage rate, and how to choose the right lender, before providing a breakdown of his work in Cleveland and his preference for investing in cash flow. To hear all of Agostino’s essential lessons and takeaways, be sure to tune in today! Key Points From This Episode: Links Mentioned in Today’s Episode: Agostino Pintus Agostino Pintus on LinkedIn Agostino Pintus on Twitter Bulletproof Cashflow Bulletproof Cashflow Linktree Bulletproof Cashflow Podcast Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital Youtube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

We’re taking a little detour today as our very own Gary Lipsky dons the hot seat to bring you all the asset management wins currently happening at Break of Day Capital. Joseph Fang assumes the role of host and questions Gary on his exploits as a speaker and why he loves to spend his time in front of large audiences. Then, we dive into some asset management wins by taking a look at the renovations that are happening at some of our properties. We discuss some of the troubles we’re experiencing when trying to boost NOI and how they are echoed in the industry as a whole, the solar projects that are keeping us busy, why asset management is a difficult undertaking, and more tips and bits of expert advice from the vastly knowledgeable Gary Lipsky! Key Points From This Episode: Links Mentioned in Today’s Episode: Information Management Network Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn Joseph Fang Email

Today on the Real Estate Investor Podcast, we are joined by Kathryn Schmeltz, a multifamily investor, deal sponsor, and partner at High Five Multifamily who has been buying distressed assets in the Dallas-Fort Worth area since 2013. To date, she has purchased, rehabbed, and successfully sold over 100 single-family residences and invested in over 700 units. In this episode, Kathryn offers some insight into her very first multifamily syndication deal, a distressed 103-unit in Lubbock, Texas, that she bought at 50% occupancy. Despite discovering a few more “skeletons in the closet” than anticipated, Kathryn and her partner were able to more than double their investors’ money in just a couple of years thanks to their rigorous due diligence process, a high level of communication, and a can-do attitude, all of which she highlights as keys to success. To learn more about how Kathryn achieved a massive value-add on her first syndication, tune in today! Key Points From This Episode: Links Mentioned in Today’s Episode: Kathryn Schmeltz on LinkedIn Kathryn Schmeltz Email High Five Multifamily Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital YouTube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn

Investing in yourself and your own business is invaluable, as is how you choose to manage your cash flow. Today, we are joined by cash flow optimization expert Dr. Howard Polansky, who reveals the secrets to unlocking financial success! Dr. Polansky is the founder of Cash Flow Coach USA, and in this episode, he shares his expertise in optimizing cash flow and financial strategies and opens up about his remarkable transition from dentist to cash flow coach, a move inspired by his son’s hospitalization. We discover why he advises against abruptly quitting a job without an adequate financial safety net and how syndication investments became his solution to stock market disillusionment. Tune in today as we discuss the importance of financial education, Dr. Polansky's vision for future investments, the power of continuous learning, and so much more! This conversation is sure to leave you inspired to optimize your cash flow and maximize your potential. Key Points From This Episode: Secrets of the Millionaire Mind Links Mentioned in Today’s Episode: Cash Flow Coach USA Dr. Howard Polansky Email Dr. Howard Polansky Phone Office Space Secrets of the Millionaire Mind James Clear Asset Management Mastery Facebook Group Break of Day Capital Break of Day Capital Instagram Break of Day Capital Youtube Gary Lipsky on LinkedIn Joseph Fang on LinkedIn