Today’ topic is retirement.  By retirement I don’t mean in the stereotypical sense, such as quitting your job and just existing, I mean becoming financially independent, and focusing on and living a life of your passions.  The key word here is finally independent right?  Real estate is one of many vehicles you can use to get to this point. Furthermore, If you really think about it, one of the main purposes of life is growth and contribution, and when growth and contribution slows down, you feel a sense of stagnation and are just “existing”.  Most physicians I speak with are in this continuum, where they either like what they do but want to cut back to pursue their passions, or just want to throw in the towel completely and switch gears.   Well today’s special  guest is going to speak about how to get over this hump, and truly live the life of your dreams .  Vikram Raya is the co-founder, CEO and managing partner of Viking Capital,  a multifamily acquisition company with close to a half a billion dollars of assets under management. , he is a high performance business coach of Limitless MD, and he is the founder of Vitology Institute a functional medicine practice.  Vikram is a cardiologist and a serial entrepreneur.  He is a great friend and truly one of the most dynamic people I know.  I’m going to ask him some tough questions today, because I really want to get to the core of how he is able to live a created life.  Before we start my book recommendation for this podcast is The Perfect Week Formula, by Craig Ballatyne.  This book is a must read, truly describes the perfect week and debunks the myths of typical morning routines.  A practical no-nonsense guide to crushing your morning, week, and life.  

Doctors, Real Estate, and Money

Retiring to a Life of your Passions - Dr. Vikram Raya: Episode 16

As we all know the market is HOT.  We absolutely feel it on our end, and now we are looking outside our primary market to see if there are any deals out there.  The problem is our tried and true property management team doesn’t operate in those markets.  So how do we find another solid property management company in a new market?     Welcome Mr Ed Romano.  Ed joined First Communities in 1988. He is responsible for maintaining performance excellence for a portfolio of approximately 10,000 units.  His leadership team has extensive experience in due diligence, acquisitions, strategic redevelopment and includes over 60 renovations for private and institutional clients.  Ed is a CPM Candidate and serves as FCM’s chairperson for the Atlanta Community Food Bank initiative. He earned his Bachelor of Business Administration degree from the University of North Florida.

Selecting the ideal property management company with Ed Romano Episode: 15

As we all know most real estate markets are very hot right now and a relationship with a broker can make or break you.  In fact, most brokers are given the power of choosing the buyer for the property without much input from the seller. So the question is how do you create a relationship with a broker, if you are relatively new to the game, and not seem like a newby.  And is there something you can do to actually ruin your chances of buying a deal without even knowing it?    Here to answer these questions and more is Chandler Brown. Chandler Brown is a principal and broker of Greystone Brown Real Estate Advisors.  Since joining the company in 2009, Chandler has assisted in the sale in over 150+ properties totaling 25,000+ units and over $1 billion in volume across the Southeast. His primary focus includes the representation of private high net worth individuals, syndicators, and regional operators of suburban multi-family assets in Georgia, Florida, Tennessee, South Carolina and Alabama.

The Broker Experience - How to professionally present yourself to a broker - with Chandler Brown Episode: 14

Have you wondered how to analyze or underwrite your own deal?  Well then this is the episode for you!  Please join us with Judah Fuld, the director of acquisitions at Viking Capital, as he walks you through the basics of underwriting your own deal.  Be prepared to take notes, there is a lot of useful information here! Judah, an attorney, came to Viking Capital from Eastern Equity Advisors where he led underwriting and identified private equity sources prepared to participate in real estate transactions nationwide and across asset classes. Beforehand, Judah spearheaded origination and underwriting for an investment sales firm specializing in retail assets, where he also helped expand the company’s territory. Mr. Fuld managed the creation of disposition analyses, assessed property values, targeted disposition pricing, and analyzed the effects of macroeconomic trends on commercial properties. Prior to that, Mr. Fuld practiced as an attorney, providing counsel on various types of real estate matters to regional developers, retailers, corporations and institutions. Judah volunteers with the Associated Jewish Community Federation of Baltimore and the Greater Pikesville Recreation Council in Pikesville, MD. 

How to analyze or underwrite your own deal with Judah Fuld. Episode 13

Now that you have started your syndication company, what’s your end point?  Do you just want a single asset or is your goal to create multi-generational wealth?  In today’s episode Greg Dickerson will give us point by point instructions on how to scale and grow to 1 Billion of multifamily assets under management.  And even if you aren’t interested in that, you must listen to the first 10-15 minutes to get his expert opinion on the state of the markets.     Greg is a serial entrepreneur, real estate developer, coach and mentor. He has bought, developed and sold over $250 million in real estate, built and renovated hundreds of custom homes and commercial buildings, developed residential and mixed use subdivisions and started 12 different companies from the ground up.  Greg currently coaches and mentors some of the top entrepreneurs and real estate investors around the world helping them start, grow and scale their business, raise more capital and do bigger deals. Greg's current clients have over $2 billion in AUM and deals in process. Greg is an expert on the topics of entrepreneurship, leadership and real estate and is regularly interviewed on some of the top real estate investing and business podcasts today. Greg served in the United States Navy right out of high school and has always been a leader in the community as well as supporting, advising and serving on the boards of several churches, ministries and non-profit organizations.

How do I scale to 1 Billion in assets under management? Episode 12

The first rule of investing is protecting your capital.  As all of you know, and probably have experienced, when you lose 50% of your investment, you must gain 100% to get back to the starting point.  A loss destroys your investment.     Our next guest will tell you how to prevent these types of losses with hyper diversification and passive investing with a focus on multifamily.  We will also discuss the secret to becoming financially independent: cash flow.  AND how to vet a sponsor.   Jeremy Roll started investing in real estate and businesses in 2002 and left the corporate world in 2007 to become a full-time passive cash flow investor. He is currently an investor in more than 70 opportunities across more than $1 Billion worth of real estate and business assets. As Founder and President of Roll Investment Group, Jeremy manages a group of over 1,000 investors who seek passive/managed cash flowing investments in real estate and businesses. Jeremy is also the co-Founder of For Investors By Investors (FIBI), a non-profit organization that was launched in 2007 with the goal of facilitating networking and learning among real estate investors in a strict no sales pitch environment. FIBI is now the largest group of public real estate investor meetings in California with over 27,000 members. Jeremy has an MBA from The Wharton School, is a licensed California Real Estate Broker (for investing purposes only), and is an Advisor for Realty Mogul, the largest real estate crowdfunding website in the US. Jeremy welcomes e-mails (jroll@rollinvestments.com) to network with or help other investors and to discuss real estate or business investments of any size.   My book recommendation this week is “the Creature from Jekyll Island” by Edward Griffin.   This book gives you an insider's view of banking, market cycles, the federal reserve, FDIC, the world bank, and inflation - which is just another tax we pay.  I can’t recommend this book enough, especially in this current time, I promise it will change your perspective on finances itself.

How do I protect my capital through passive investing and diversification? Episode 11

For most investors, creating a trusting, dynamic, and active relationship with a real estate broker is one of the hardest things to do.  What are the steps you can take to create and cultivate this critical relationship?   To answer this question we have Chandler Brown who is a principal and broker of Brown Real Estate Advisors.  Since joining the company in 2009, Chandler has assisted in the sale in over 150+ properties totaling 25,000+ units and over $1 billion in volume across the Southeast. His primary focus includes the representation of private high net worth individuals, syndicators, and regional operators of suburban multi-family assets in Georgia, Florida, Tennessee, South Carolina and Alabama.  

Creating a strong real estate broker relationship. Episode: 10

 The past several podcasts have been discussing a high level overview of multifamily acquisition. Today we are going to get into the nitty gritty of analyzing a property and discussing what metrics to look for. For this we once again welcome Joe Fairless for part two of our two part series. The specific questions we answer today vintage of properties, cash flow, and the importance of the value add component. Also Joe discusses his worst deal and what he learned.  

How to analyze a multifamily acquisition for potential purchase. Episode: 9

The economic correction is looming, should you still buy multifamily properties in this market?  If so, what are the rules you should follow so that you don’t get burned and how do you do it? To answer these questions we welcome Joe Fairless to today’s podcast.  Joe Fairless has a national presence in the apartment syndication space.  He, controls over 5400 units and $530,000,000 worth of real estate in the Houston, Tampa, Orlando and Dallas-Fort Worth regions. A native Texan, Joe grew up in Fort Worth and graduated from Texas Tech University. He has been investing in real estate since 2008 and, prior to that, was the youngest vice president at an award-winning advertising agency. He is also the host of the world’s longest running daily real estate podcast, Best Real Estate Investing Advice Ever, where he has interviewed guests such as Barbara Corcoran and Robert Kiyosaki.

How to purchase an apartment complex while protecting yourself from market swings. Episode: 8

 Many of us as physicians don’t know where to begin when deciding to invest. There are so many options out there: syndications, stocks, bonds, mutual funds, retirement accounts, life insurance plans, start up companies, etc. Join me and Dr. Ankeet Udani as we explore these avenues and their benefits. Dr. Udani is an extremely savvy investor and an anesthesiologist based in Durham, NC. On this episode Dr. Ankeet Udani will give us a glimpse into his thought process about investments.

Where do I invest my money? Episode: 7

Some people never invest in other markets, some people invest nationally. Which is the right move? Join us with Marco Santorelli who explores the reasons why to invest in various geographic markets.  Marco is the founder of Norda Real Estate and the host of the Passive Real Estate Investing podcast. He labels himself as "Market Agnostic". Find out what this means, how cash flow is king, and more in this episode.

Should I invest in my local market? Episode: 6

The most important question that you ask yourself in any real estate investment is: "Should I trust this person with my money?"  Join us in Episode 5 with Gary Rappaport who is one of the most respected and trusted real estate syndicators in the DC Metro area.  With around $3 Billion of assets under management, and hundreds of investors over the years, Gary relays his experiences and answers specific questions about transparency and honesty.  He describes how deals have gone awry and he has been able to pull through with investors still trusting and returning to him.  Finally he describes how charity and family play a huge role in his life.

Who should I invest with? Episode: 5

Everyone knows the economic correction is looming, but is now still a good time to invest? If so what criteria should I use to purchase an asset?  Get these answers and much more from Dave Lindahl. Dave is a best selling author, serial entrepreneur, and educator who has thousands of students rotate through his RE conferences world wide. His knowledge and experience spans the gamut of RE investing: Foreclosures, short sales, wholesale deals, lease options and rehabs with single family, multi-family and commercial properties.

Market Cycles - Boom or Bust? Episode: 4

Join Ravi Gupta and Ebere Okoye to discuss taxes - a topic we all love to hate, and hate to love.  In this second part we will go over the quick and dirty with Ebere Okoye MBA CPA. The focus will be real estate taxes and tax efficiencies.  Ebere Okoye is the founder of The Wealth Building CPA, a team of trained professionals experienced at providing detailed economic solutions and planning to people and companies. Okoye's team handles everything from tax compliance and planning to providing clients with well thought out investment strategies that result in the generation of passive income, and ultimately, in complete financial freedom. This double segment will go over cost segregation, 1031 exchanges, K1 passive losses and paying zero tax on distributions, investing through LLC, home office deductions, ROTH IRA, solo 401k's, and self directed IRA's. 

Taxes and Real Estate Episode: 3 Pt 2

Join Ravi Gupta and Ebere Okoye to discuss taxes - a topic we all love to hate, and hate to love.  In episodes 2&3 we will go over the quick and dirty with Ebere Okoye MBA CPA. The focus will be real estate taxes and tax efficiencies.  Ebere Okoye is the founder of The Wealth Building CPA, a team of trained professionals experienced at providing detailed economic solutions and planning to people and companies. Okoye's team handles everything from tax compliance and planning to providing clients with well thought out investment strategies that result in the generation of passive income, and ultimately, in complete financial freedom. This double segment will go over cost segregation, 1031 exchanges, K1 passive losses and paying zero tax on distributions, investing through LLC, home office deductions, ROTH IRA, solo 401k's, and self directed IRA's. 

Taxes and Real Estate. Episode: 2 Pt 1

Are you a doctor who is looking for financial freedom? Are you tired of feeling there is not enough time in the day to pursue your goals? Do you know you need to do SOMETHING but you’re not sure where to start? Most doctors are searching for additional financial security, interested in dialing back on clinical duties, or want to retire from medicine all together. Either way, Ravi Gupta MD will help you, via an easy stepwise approach, to achieve your financial goals through active or passive multifamily investing.

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Doctors, Real Estate, and Money

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