• EP 237: Mission Driven: Empowering Military Families through Real Estate with Adam LaBarr
    Dec 19 2024

    Adam La Barr is a combat veteran, Amazon #1 best-selling author, and accomplished business consultant with a knack for turning challenges into opportunities. With 18 years of military experience and a proven track record in the corporate world, he has honed the art of building high-performing teams and scaling businesses sustainably. Adam has successfully navigated complex situations as a COO, steered startups to seven-figure sales, and implemented systems that allow businesses to thrive.

    In real estate, Adam’s portfolio includes over 350 multifamily doors, investments in self-storage, and ownership of a memory care facility. Despite early hurdles, including a near-miss on his first deal, Adam’s resilience turned lessons into lasting success. Now, he leverages his unique blend of military discipline and entrepreneurial expertise to guide businesses with revenues of $250K to $1M, helping them scale without losing their identity—or their sense of humor.

    When he’s not helping others achieve their goals, Adam spends time with his wife, Raquel, and their three children, proving that teamwork truly makes the dream work.


    Chapters


    00:00 Market Insights for Passive Investors

    03:06 Adam's Journey into Real Estate

    05:59 The Challenges of a First Investment

    09:00 Lessons Learned from Early Mistakes

    12:07 Partner Selection and Due Diligence

    14:55 Navigating Difficult Conversations

    17:53 Creating Strong Operating Agreements

    21:33 Navigating Challenges in Business Relationships

    22:02 Exploring Residential Assisted Living

    24:26 The Realities of Assisted Living Investments

    28:00 Understanding the Financial Dynamics of Assisted Living

    30:39 Active Duty Passive Income: Empowering Military Investors

    33:42 Balancing Family Life and Entrepreneurship

    36:53 Due Diligence in Passive Investing

    39:31 Bucket List Adventures and Investment Strategies


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    Show More Show Less
    41 mins
  • EP 236: From Rags to Riches (and Back Again): Christian Cardamone’s Real Estate Comeback Story
    Dec 12 2024

    Christian Cardamone: Real Estate Veteran & Visionary Entrepreneur

    With over 20 years of experience, Christian Cardamone has forged a remarkable career in real estate, entrepreneurship, and property development. Starting as REMAX's "Rookie of the Year" in 2005, he quickly rose to prominence, only to face a significant setback during the 2008 financial crash. Demonstrating resilience and determination, Christian rebuilt his net worth to $10 million, creating a diverse portfolio of over 65 properties spanning multifamily, industrial, office, and vacation assets. As the founder of Aloha Wilmington Real Estate and GreenBuilt Homes, he specializes in boutique property management, sustainable development, and innovative property transformations, including historic renovations like the iconic 1738 Orange Street project.

    Christian’s journey is a testament to perseverance and entrepreneurial spirit, blending his expertise in real estate with his passion for sustainability and community building. Based in Wilmington, NC, he balances his professional life with personal pursuits like surfing, sailing, and music. Whether navigating market trends, crafting investment strategies, or sharing lessons from his inspiring comeback, Christian offers audiences invaluable insights and actionable takeaways.


    Chapters


    00:00 Navigating the Current Real Estate Market

    03:10 Christian's Journey into Real Estate

    07:40 Diverse Asset Classes: A Strategic Approach

    10:51 Building Partnerships in Real Estate

    14:59 The Importance of Partner Selection

    16:41 Focusing on Flex and Multifamily Assets

    20:41 Understanding Flex Space

    25:17 Future Projects and Syndication Plans

    31:07 Optimism for the Future of Real Estate

    32:56 Educational Resources for New Investors


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor


    Summary


    In this episode of the Gentle Art of Crossin' podcast, host Randy Smith interviews Christian Cardamone, a commercial broker and founder of Aloha Wilmington Real Estate. They discuss the current real estate market, Christian's journey into real estate, and the importance of diversifying asset classes. Christian shares insights on building partnerships, the significance of selecting the right partners, and his focus on flex and multifamily assets. The conversation also covers the future of real estate, educational resources for new investors, and the optimistic outlook for the market.

    Show More Show Less
    40 mins
  • EP 235: Building Trust With Investors Through Transparency with Pat Zingarella from Invest Clearly
    Dec 5 2024

    Pat Zingarella is the CEO of Invest Clearly, a GP review site and directory.


    The mission of Invest Clearly is to empower LP's to make informed decisions by hosting unbiased reviews of passive investment sponsors from verified experienced investors. They also help Sponsors build trust with new investors through transparency.


    Prior to Invest Clearly Pat worked as an Account Executive for a $5B research and advisory company where he would provide go-to-market and growth support to start-up companies, ran his own sales consultancy, and personally invests in residential and commercial real estate.


    Visit https://investclearly.com/ to research sponsors or to claim your profile as a sponsor now.


    Chapters


    00:00 Market Conditions and Passive Investing Opportunities

    02:53 Pat Zingarella's Journey into Real Estate

    06:53 The Need for Transparency in Investment Reviews

    12:01 Building Trust Between LPs and GPs

    18:17 Engaging with the Invest Clearly Platform

    20:27 The Role of Reviews in Passive Investing

    25:02 Future of Invest Clearly and Community Building

    27:41 Mindset and Educational Resources for Investors

    30:58 Due Diligence Advice for Passive Investors

    32:51 Personal Insights and Future Aspirations


    Summary


    In this episode of the Gentle Art of Crushing It podcast, host Randy Smith speaks with Pat Zingarella, CEO of Invest Clearly, about the current market conditions affecting passive investors and the importance of transparency in investment reviews. Pat shares his journey into real estate, the challenges faced by both limited partners (LPs) and general partners (GPs), and how Invest Clearly aims to create a safer ecosystem for investors through verified reviews. The conversation also touches on the significance of community engagement, mindset resources, and due diligence in passive investing.


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    Show More Show Less
    36 mins
  • EP 234: Unlock Tax Savings with Cost Segregation: Sean Graham Offers Exclusive Discount for Listeners
    Nov 28 2024

    Sean is the founder of Maven Cost Seg. As a real estate investor and a registered CPA, Sean understands the tax benefits of cost segregation studies.


    Sean started his real estate journey by investing in small multi-family properties before launching a commercial real estate syndication company, Maven Equities.


    Sean continues to manage his own portfolio of residential rental properties while also investing in and developing self-storage facilities. Sean is a registered CPA with a background in public accounting, tax, and private equity.


    Go to http://www.mavencostseg.com/randy to get 10% off your cost segregation study from Maven Cost Seg or mention the Gentle Art of Crushing It podcast if you reach out to Sean directly.


    Chapters


    00:00 Introduction and Market Overview

    06:00 The Mechanics of Cost Segregation Studies

    12:03 Cost Segregation Process Explained

    17:58 Cost Segregation Costs and Considerations

    23:51 Final Thoughts and Advice

    29:03 Leveraging Short-Term Rentals for Tax Benefits

    35:28 Navigating Cost Segregation and Tax Professionals

    43:50 Personal Insights and Future Aspirations


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor


    Summary


    In this episode of the Gentle Art of Crushing It podcast, host Randy Smith welcomes back Sean Graham, founder of Maven Cost Seg and Maven Equities. They discuss the current market conditions for passive investors, the intricacies of cost segregation studies, and the potential tax benefits associated with real estate investments. Sean explains how cost segregation can accelerate depreciation, allowing investors to reduce their taxable income significantly. The conversation also covers the process of conducting a cost segregation study, the costs involved, and the implications of tax recapture. Overall, the episode provides valuable insights for both new and experienced investors looking to optimize their tax strategies in real estate. In this conversation, Sean Graham and Randy Smith delve into the intricacies of real estate investing, focusing on tax strategies, depreciation, and the benefits of short-term rentals. They discuss how to leverage passive losses, the importance of working with knowledgeable tax professionals, and provide valuable insights for new investors. The discussion also touches on personal experiences and recommendations for educational resources in the realm of passive investing.

    Show More Show Less
    48 mins
  • EP 233: Swiss Army House: Revolutionizing Real Estate with Alvin Uy’s Multi-Exit Strategy
    Nov 21 2024

    Alvin Uy is a self-made high networth entrepreneur and an active investor from Los Angeles, CA.


    Alvin utilized several unfavorable life events as opportunities for growth. Being a first-generation immigrant and a college dropout challenged him to explore his untapped potential. His entrepreneurial spirit, drive to push past limits, and love of design and innovation are key factors contributing to his success. Being a solutions-based critical and creative thinker has helped him challenge limiting beliefs to build multiple successful businesses.


    In 2013, Alvin designed and developed SoapSox (www.soapsoxkids.com), the first of its kind children's bath product. SoapSox's appearance on ABC's Shark Tank in 2014 surprised both the sharks and viewers by walking away from 3 sharks offering a $1M buyout. Alvin proved the sharks wrong by successfully launching into several markets, becoming a product sold globally in mass-market retailers, and winning an award for innovation.


    While concurrently mastering his craft as a product developer, Alvin spent 19 years pursuing his true passion: Real Estate. In addition, he spent over a decade honing his skills in value-add investments, property management, construction, rehabbing distressed homes, fix and flip, and creative financing. As a result, Alvin owns multiple properties in Los Angeles and has recently expanded his multi-family portfolio to include other states. Alvin has pivoted to using his many talents and skillset to tackle the housing crisis that’s been facing Southern California. Alvin has been focusing SB9 and the production of ADUs these last few years.


    As a husband, a father to two young boys, an older brother to four siblings, and a friend to many, Alvin has not lost sight of the importance of sharing his wealth of knowledge to those around him. Coming from humble beginnings has inspired his mission to help others exceed expectations and meet a higher degree of personal excellence.


    Chapters


    00:00 Introduction to Alvin Uy and Market Insights

    02:58 Alvin's Journey: From Immigrant to Entrepreneur

    06:01 The Shift from Engineering to Creative Pursuits

    09:00 Building a Career in Marketing and Product Development

    12:05 The Shark Tank Experience and Product Launch

    14:57 Real Estate Journey: Early Investments and Lessons Learned

    18:08 Transitioning to Real Estate and Financial Freedom

    20:45 Navigating the Real Estate Market and Strategies

    23:58 Using Other People's Money and Future Plans

    27:45 The Importance of Exit Strategies

    28:15 Real Estate Strategies and Shifts

    29:43 Leveraging Hard Money for Growth

    31:00 Rethinking Unit Counts in Real Estate

    32:24 Real Estate as a Product

    34:20 Innovative Housing Solutions

    36:30 Understanding Accessory Dwelling Units (ADUs)

    39:04 Building Value in California Real Estate

    41:51 Navigating New Investment Opportunities

    44:16 Key Advice for New Passive Investors

    49:32 Due Diligence in Passive Investing

    54:14 Legacy and Education for Future Generations


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    Show More Show Less
    1 hr and 2 mins
  • EP 232: The Firefighter's Path to Passive Income and Real Estate Success with Eric Burns
    Nov 14 2024

    Eric Burns is a Cincinnati-based entrepreneur. His journey has taken him from being a finance major to a Cincinnati Firefighter to a residential real estate investor and flipper to finally landing in commercial real estate. He values his journey and believes in the entrepreneurial spirit. His message to fellow entrepreneurs is simple, STOP TRADING YOUR TIME FOR MONEY and LIVE LIFE BULLISH. Like many, Eric started his real estate investment career in the residential space and expanded into the commercial arena. His first property was a student housing rental in 2016, while he was still active with the Cincinnati Fire Department. Later, he expanded into renovations, and eventually, after many years of growth, education, and “failing forward”, Eric found himself in the commercial space.Eric’s story is similar to many entrepreneurs’ as he has navigated ups and downs with successes and failures in his entrepreneurial journey. As it turns out, it was during a less-than-ideal renovation when he realized, after years spent starting side hustles and residential real estate, that he was still only trading his time for money! As a believer in financial freedom, Eric leaned into commercial real estate and found a path to lead him to that destination. To that end, Flowers Capital reflects Eric’s fundamental philosophies of sourcing and funding deals. Priorities include, firstly, the preservation and growth of investor capital. As a strong proponent of multiple, passive sources of income and protecting the commodity of time, he believes financial freedom is achievable through commercial real estate investment. Flowers Capital is fully intent on achieving those goals for its investors. Eric considers himself a life-long learner. He believes in the entrepreneurial spirit and understands the realities of that life path. His greatest strengths include curiosity, personal accountability, and resilience. Real estate investing is truly a labor of love for Eric, but he also thoroughly enjoys fly fishing, traveling, and his Labrador Retriever, Baron.


    Summary


    In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Eric Burns, founder of Flowers Capital. They discuss the current market conditions for passive investors, Eric's journey from active real estate investing to capital raising, and the importance of due diligence in selecting deals. Eric shares insights on navigating market cycles, building relationships with operators, and the significance of believing in the deals presented to investors. The conversation emphasizes the goal of achieving financial freedom through passive income and the evolving strategies in the real estate investment landscape.


    Chapters


    00:00 Introduction to Passive Investing and Market Conditions

    02:59 Eric Burns' Journey to Capital Raising

    05:59 The Transition from Active to Passive Investing

    08:49 Understanding Capital Raising and Deal Structuring

    12:03 The Importance of Due Diligence in Investments

    15:00 Navigating Market Cycles and Operator Relationships

    17:47 Future Goals and Strategies for Financial Freedom


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    Show More Show Less
    40 mins
  • EP 231: Building Wealth Through Outdoor Hospitality with Zander Kempf
    Nov 7 2024

    Zander Kempf is a RV and Glamping Resort focused developer through his firm, Clear Summit Investments. Zander’s strategy involves adding value and expanding midsize resorts that are ideal for professional management but remain outside the scope of institutional competition. By rolling up, stabilizing, and branding these properties, Zander aims to create a unique portfolio that reflects his company's adventurous spirit, providing freedom to investors through long term cash flow, and ultimately positioning it for an institutional exit. He is a former US Army officer and paratrooper with an Iraq deployment, and served in Special Forces.


    Contact Info:

    zander@clearsummitinvest.com


    Links:

    Website

    Insta

    Youtube

    Linkedin

    Tiktok

    Facebook

    Twitter


    Summary


    In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Zander Kempf, founder and CEO of Clear Summit Investments, who specializes in RV and glamping resorts. They discuss the current market conditions for passive investors, Zander's journey from military service to real estate investing, and the unique opportunities within the RV park sector. Zander explains the business model of RV resorts, including revenue streams and the importance of long-term debt structures. The conversation also covers the tax advantages of RV investments, market trends, and key questions for investors to consider when evaluating opportunities in this asset class.


    Chapters


    00:00 Market Conditions and Passive Investment Opportunities

    03:02 Zander Kempf's Journey and Investment Background

    05:54 Transitioning to RV and Glamping Resorts

    09:00 Understanding RV Parks and Resorts

    11:53 Revenue Streams and Business Model of RV Resorts

    14:54 Debt Structures in RV Investments

    17:55 Investment Strategy and Fund Structure

    20:46 Tax Advantages of RV Investments

    24:02 Market Trends and Economic Resilience

    27:07 Due Diligence and Key Questions for Investors

    29:51 Final Thoughts and Resources for Passive Investors


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    Show More Show Less
    38 mins
  • EP 230: Preparing for the Worst, Hoping for the Best: Smart Strategies for Passive Investors with Zihao Wang
    Oct 31 2024

    Zihao Wang is the CEO at Motiva Holdings, a vertically-integrated multifamily development firm. Zihao embarked on his real estate journey alongside his family in his teenage years. He began by being the property manager of his family’s assets, handling tasks from collecting rents, conducting repairs, and maintaining tenant relationships, before moving onto the acquisitions and capital markets side. Currently, Zihao leads the Diligence and Operations divisions and is responsible for the strategic decisions within MH.


    Outside of MH, Zihao is actively involved in the Urban Land Institute (ULI), National Multifamily Housing Council (NMHC), and other real estate associations. He is an active speaker at multiple events and conferences including IMN, iGlobal Forum, etc.


    Summary


    In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Zihao Wang, founder and CEO of Motiva Holdings. They discuss the current state of the real estate market, particularly for passive investors, and explore Zihao's journey into multifamily syndication. The conversation covers strategies for navigating California's unique challenges, the importance of expanding into new markets, and innovative approaches like ADUs. Zihao shares insights on the current market conditions, future outlook, and valuable advice for new passive investors.


    Chapters


    00:00 Market Overview and Passive Investment Opportunities

    02:51 Zihao Wang's Journey into Real Estate

    08:41 Expanding Beyond California: New Market Strategies

    12:22 Navigating California's Unique Challenges

    15:35 Innovative Strategies: ADUs and Mixed Development

    19:23 Current Market Conditions and Future Outlook

    24:01 Advice for New Passive Investors


    RANDY SMITH

    Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

    Show More Show Less
    34 mins