PODCAST · business
Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond
by Tanh Truong
Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice.Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.
-
115
The $420 Million Real Estate Fraud Case You Need to Know
An in-depth analysis of a high-profile commercial real estate fraud case involving Matt Onofrio, highlighting red flags, legal consequences, and lessons for investors.Chapters00:00 Introduction to the Case Study02:19 The Rise and Fall of Matt Onofrio04:44 Understanding the Fraud Scheme07:28 The Mechanics of the Fraud10:25 The Consequences of Fraud12:47 Red Flags to Watch For17:56 Lessons Learned and ConclusionLinks: IRS Criminal Investigation press release (Dec. 11, 2025): “Architect of massive $420 million bank fraud scheme sentenced to 3 years in prison”KSTP 5 Eyewitness News: “Man behind $420 million bank fraud scheme sentenced to 3 years in prison”InForum: “‘Ringleader’ of vast real estate fraud scheme sentenced to 3 years in prison”Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
114
How To Find The Best Partnerships
Tanh Truong shares his extensive experience with real estate partnerships, highlighting lessons learned, red flags, and strategies for successful collaborations in real estate investing.Takeaways1. Stick with your gut in partnerships.2. Always have agreements in writing.3. Leverage partnerships to accelerate growth.4. Assess partners' values and goals thoroughly.5. Plan for worst-case scenarios in agreements.Chapters00:00 Introduction: The Power of Partnerships in Real Estate00:24 Early Lessons: Partnerships and Future Success01:13 First Partnership Experience and Key Lessons02:10 Dealing with Conflicts and Disbanding Partnerships02:50 Importance of Trust and Gut Feelings03:46 Lessons from a Deal with a Friend05:50 The Risks of Verbal Agreements and Unwritten Deals06:47 Case Study: Novice Investor and Renegotiation09:05 Current Partnership with Mentor and Formal Agreements11:39 Why Partnerships Accelerate Growth13:21 Complementary Skills and the Rocket Fuel Concept15:16 Types of Partnerships in Real Estate15:55 Filtering Potential Partners: Values and Goals17:22 Financial Integrity and Transparency18:03 Structuring Partnerships with Operating Agreements19:06 Common Causes of Partnership Failures19:35 Final Advice: Assess and Audit Your PartnershipsHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
113
#1 Mistake in Commercial Real Estate Investing
Tanh Truong shares profound insights on the importance of integrity, reputation, and long-term relationships in commercial real estate, emphasizing that trust and character are the true ROI.Takeaways1. Trust and reputation are the true ROI in CRE.2. Short-term greed can damage long-term relationships.3. Scarcity mindset leads to destructive behaviors.4. Integrity is tested when keeping your word costs you.5. Reputation is invisible equity that compounds over time. Chapters00:00 The Cost of Reputation in Real Estate02:46 Integrity Over Income05:20 The Importance of Trust in Partnerships08:19 Lessons from a Personal Experience11:06 Scarcity vs. Abundance Mindset13:11 The Invisible Equity of Reputation15:47 The Long Game in Real Estate18:06 Integrity in Practice20:36 The Value of Relationships22:25 Conclusion: Choose Integrity Over IncomeHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
112
Developing Residential Assisted Living with Crystal Wilmhoff
In this episode, Crystal Wilmhoff shares her journey into residential assisted living, covering the business model, real estate challenges, licensing, and funding strategies. Learn how this niche asset class offers a unique opportunity for investors and operators to provide quality senior care while achieving strong financial returns.Chapters00:00 Introduction to Residential Assisted Living00:34 Crystal's Journey into Assisted Living04:17 The Unique Approach of Residential Assisted Living06:58 Designing for Accessibility and Comfort10:19 Navigating Real Estate Challenges14:14 Licensing and Compliance in Assisted Living15:49 Operational Insights and Caregiver Ratios17:54 Amenities and Activities for Residents20:35 Managing Operations and Protocols22:04 Marketing Strategies for Resident Placement23:54 Long-Term Care Insurance Considerations25:09 Project Overview: Honeysuckle House RAL25:28 Building Dreams: The Vision for Assisted Living26:51 Navigating Development: Partnerships and Costs30:23 Financing the Future: Securing Loans and Investors33:31 Construction Timeline: From Groundbreaking to Opening34:31 Structuring Investments: Friends, Family, and Returns37:44 Hiring for Care: Finding the Right Team42:33 Funding Opportunities: The Role of REITs45:15 Future Plans: Scaling and Expanding the VisionResourcesHoneysuckle House RAL - https://honeysucklehouseral.comCrystal Wilmhoff on LinkedIn - https://www.linkedin.com/in/crystalwilmhoffDoyoucare.com - https://doyoucare.comKentucky Senior Care Resources - https://kyseniorcare.ky.govhttps://www.linkedin.com/in/crystal-wilmhoff-mclhousingsolutions/https://www.facebook.com/crystal.wilmhoffhttps://www.facebook.com/HoneysuckleHouseRAL.comInstagram @honeysucklehouseral.comHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
111
What is Residential Assisted Living? With Crystal Wilmhoff
In this episode, Crystal Wilmhoff shares her journey into residential assisted living, covering the business model, real estate challenges, licensing, and funding strategies. Learn how this niche asset class offers a unique opportunity for investors and operators to provide quality senior care while achieving strong financial returns.Chapters00:00 Introduction to Residential Assisted Living00:34 Crystal's Journey into Assisted Living04:17 The Unique Approach of Residential Assisted Living06:58 Designing for Accessibility and Comfort10:19 Navigating Real Estate Challenges14:14 Licensing and Compliance in Assisted Living15:49 Operational Insights and Caregiver Ratios17:54 Amenities and Activities for Residents20:35 Managing Operations and Protocols22:04 Marketing Strategies for Resident Placement23:54 Long-Term Care Insurance Considerations25:09 Project Overview: Honeysuckle House RAL25:28 Building Dreams: The Vision for Assisted Living26:51 Navigating Development: Partnerships and Costs30:23 Financing the Future: Securing Loans and Investors33:31 Construction Timeline: From Groundbreaking to Opening34:31 Structuring Investments: Friends, Family, and Returns37:44 Hiring for Care: Finding the Right Team42:33 Funding Opportunities: The Role of REITs45:15 Future Plans: Scaling and Expanding the VisionResourcesHoneysuckle House RAL - https://honeysucklehouseral.comCrystal Wilmhoff on LinkedIn - https://www.linkedin.com/in/crystalwilmhoffDoyoucare.com - https://doyoucare.comKentucky Senior Care Resources - https://kyseniorcare.ky.govhttps://www.linkedin.com/in/crystal-wilmhoff-mclhousingsolutions/https://www.facebook.com/crystal.wilmhoffhttps://www.facebook.com/HoneysuckleHouseRAL.comInstagram @honeysucklehouseral.comHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
110
How To Prepare For A Real Estate Conference
Key topics covered:How to effectively prepare for a conference by setting clear goalsThe importance of relationships over note-taking and passive listeningTips for dressing authentically and comfortably to boost your confidenceHow to manage your schedule to avoid burnout and seize spontaneous momentsStrategies for introverts and extroverts to navigate networking authenticallyThe power of active listening and the FORD framework for meaningful conversationsPost-conference follow-up tactics to keep relationships alive and convert connections into opportunitiesThe pros and cons of digital versus physical business cards for effective follow-upTimestamps:00:00 - Introduction to conference strategies that go beyond the basics00:29 - Why many attendees miss the real value of conferences00:40 - The misconception of over-scheduling and note-taking01:13 - Focus on relationship-building over trying to attend every session01:46 - The importance of feeling energized and connected02:33 - How to leverage technology to set up meetings in advance03:02 - The significance of spontaneous hallway conversations03:47 - Planning your conference goals and priorities04:15 - Deciding what success looks like: partnerships, investment, or vendors05:00 - Why not every conference needs to be an educational marathon05:48 - The importance of talking to people over passive panel listening06:30 - Dressing for confidence and authenticity rather than conformity07:35 - How to dress based on your goals and personality08:34 - The value of casual clothing in attracting high-quality connections09:55 - The role of professionalism versus comfort in your attire10:24 - Examples of non-traditional attire and how it can facilitate genuine interactions11:29 - The importance of comfortable shoes and energy management12:26 - How to avoid overpacking your schedule for peak effectiveness13:39 - The magic of spontaneous meetups and hallway chats14:10 - The benefits of attending social areas like bars for networking16:00 - Navigating conference socializing as an introvert vs. extrovert16:36 - Planning questions and the FORD framework for engaging conversations19:02 - Deepening connections with active listening and personalized questions20:52 - Managing fatigue and recharging during a long conference day22:03 - The crucial role of post-event follow-up and relationship nurturing26:14 - Finding a system to follow up consistently after the conference27:14 - The pros and cons of digital versus physical business cards for follow-up29:44 - Final thoughts: preparing yourself mentally and physically for conference successHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
109
Unpacking the Best Ever Conference X Experience
In this episode, Tanh Truong shares his experiences and insights from the Best Ever Conference, highlighting the importance of networking, the structure of the event, and key lessons learned about investing in real estate. He emphasizes the value of personal connections over formal sessions and discusses the evolving landscape of multifamily investments. TakeawaysThe Best Ever Conference is a major networking opportunity.Networking is often more valuable than attending sessions.The conference has evolved to include all commercial real estate.Personal connections are key to successful investments.Be diligent in vetting sponsors and operators before investing.The multifamily market may be reaching saturation.Conversations at the conference revealed concerns about scams.Future conferences may focus on more intimate networking.Investors should be more cautious in their dealings.The next conference will likely have a different format.Chapters00:00 Introduction to the Best Ever Conference05:06 Networking and Socializing at the Conference10:09 Concerns in the Multifamily MarketHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
108
From Accidental Landlord to Real Estate Investor with Mike Swenson
In this conversation, Mike Swenson shares his journey from being an accidental landlord to becoming a successful real estate investor focusing on multifamily properties and short-term rentals. He discusses the challenges faced during market downturns, the importance of helping others succeed in real estate, and the strategies he employs to scale his investments. Mike also delves into the intricacies of syndication, investor relations, and the operational aspects of managing short-term rentals, all while emphasizing the significance of building a solid reputation in the industry.Takeaways1. Mike started as an accidental landlord during the 2007 market crash.2. He transitioned to full-time real estate in 2014, focusing on residential operations.3. Investing in multifamily properties provides more stability than single-family homes.4. Syndication allows investors to participate in larger deals without managing them directly.5. Building a good reputation is crucial for long-term success in real estate.6. Short-term rentals can generate significant cash flow compared to traditional rentals.7. Understanding market demand is key to successful property investments.8. Mike emphasizes the importance of under-promising and over-delivering to investors.9. He aims to help agents and investors find ways to secure their financial futures.10. The operational side of real estate is essential for scaling and managing multiple properties.Chapters00:00 From Accidental Landlord to Real Estate Investor05:46 Scaling the Real Estate Business11:26 Transitioning to Multifamily Investments17:08 Syndication Strategies and Investor Relations22:57 Short-Term Rentals: A New Avenue28:17 Navigating the Real Estate LandscapeMike's Linkshttp://www.relfreedom.com👉 Facebook: https://www.facebook.com/mswenson13👉 Instagram: https://www.instagram.com/getrelfreedom/👉 TikTok: https://www.tiktok.com/@relfreedomhttps://www.pinnacleteaminvestments.comHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
107
Unlocking Creative Financing with Caleb Christopher
In this conversation, Tanh Truong interviews Caleb Christopher, an expert in creative finance, particularly in real estate. Caleb shares his journey from working in corrections and cybersecurity to becoming a consultant and entrepreneur in the real estate sector. He discusses the principles of creative financing, including seller financing and various tools like sub two and wraps. The conversation also delves into the challenges of partnerships, the importance of understanding the due on sale clause, and the development of his businesses, including DOS Guard and a title company. Caleb emphasizes the significance of hiring the right people and fostering a culture of resourcefulness and accountability within his team. He concludes with advice for aspiring entrepreneurs to take action and learn from their mistakes.TakeawaysCreative finance allows for innovative deal structuring without institutional funds.Understanding the 'why' behind real estate transactions is crucial.Creative strategies can apply to both residential and commercial real estate.Effective communication with sellers can lead to successful negotiations.Tools like sub two and wraps can facilitate creative financing, but caution is needed.Partnerships can complicate deals; hiring experts may be more effective.DOS Guard helps mitigate risks associated with the due on sale clause.Building a strong remote team requires clear vision and values.Outcome-based hiring focuses on results rather than tasks.Taking action sooner can lead to faster learning and success.Chapters00:00 Introduction to Creative Finance01:42 Understanding Creative Financing04:50 Creative Strategies in Residential Real Estate06:40 Tools of Creative Financing11:12 Navigating Complex Deals16:23 The Role of DOS Guard19:05 Entrepreneurial Journey and Business Development24:18 Building a Remote Team31:53 Final Thoughts and AdviceCaleb's Website: https://calebchristopher.io/aboutCaleb's IG: https://www.instagram.com/fcalebchristopherHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
106
Why Self Storage is So Sexy with Fernando Angelucci
In this conversation, Tanh Truong interviews Fernando Angelucci, a prominent figure in the self-storage investment space. Fernando shares his journey from traditional real estate to self-storage, highlighting the advantages of this asset class, including high returns and low risk. He discusses various strategies for value-add investments, the importance of technology in operations, and the challenges faced in the industry. The conversation also delves into investor relations, fund structures, and the secrets to scaling a successful self-storage business.TakeawaysSelf-storage offers high returns with lower risk compared to other real estate investments.The transition from traditional real estate to self-storage can be driven by the desire to avoid tenant-related issues.Self-storage facilities are often recession-resistant due to their use during life transitions.Value-add strategies in self-storage can significantly increase profitability.Adaptive reuse of existing structures can save costs and time in development.Effective investor relations are crucial for scaling a real estate business.Technology plays a key role in optimizing self-storage operations and pricing.Understanding market dynamics is essential for successful self-storage investments.Not all investors are equal; managing investor expectations is vital.The self-storage industry has numerous ancillary revenue opportunities beyond just renting units.Chapters00:00 Transition to Self Storage04:54 The Advantages of Self Storage16:58 Challenges and Horror Stories in Self Storage25:38 Value-Add Strategies in Self Storage27:50 Hybrid Strategies in Self-Storage Development32:31 Maximizing Profitability in Adaptive Reuse Projects37:30 Incentivizing Contractors for Better Outcomes46:36 Scaling Through Specialization and Outsourcing52:38 Structuring Deals for Investor ReturnsFernando's Links: Website: ssse.comPhone: 630-408-8090Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
105
Why Self Storage is The Best Investment Vehicle with Fernando Angelucci
In this conversation, Tanh Truong interviews Fernando Angelucci, a prominent figure in the self-storage investment space. Fernando shares his journey from traditional real estate to self-storage, highlighting the advantages of this asset class, including high returns and low risk. He discusses various strategies for value-add investments, the importance of technology in operations, and the challenges faced in the industry. The conversation also delves into investor relations, fund structures, and the secrets to scaling a successful self-storage business.TakeawaysSelf-storage offers high returns with lower risk compared to other real estate investments.The transition from traditional real estate to self-storage can be driven by the desire to avoid tenant-related issues.Self-storage facilities are often recession-resistant due to their use during life transitions.Value-add strategies in self-storage can significantly increase profitability.Adaptive reuse of existing structures can save costs and time in development.Effective investor relations are crucial for scaling a real estate business.Technology plays a key role in optimizing self-storage operations and pricing.Understanding market dynamics is essential for successful self-storage investments.Not all investors are equal; managing investor expectations is vital.The self-storage industry has numerous ancillary revenue opportunities beyond just renting units.Chapters00:00 Transition to Self Storage04:54 The Advantages of Self Storage16:58 Challenges and Horror Stories in Self Storage25:38 Value-Add Strategies in Self Storage27:50 Hybrid Strategies in Self-Storage Development32:31 Maximizing Profitability in Adaptive Reuse Projects37:30 Incentivizing Contractors for Better Outcomes46:36 Scaling Through Specialization and Outsourcing52:38 Structuring Deals for Investor ReturnsFernando's Links: Website: ssse.comPhone: 630-408-8090Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
104
Why Is Pro Storage Sexy (with Joe Downs)?
In this conversation, Joe Downs shares his journey from being a bartender to a successful entrepreneur in the self-storage industry. He discusses the differences between self-storage and pro storage, the business model of pro storage, and the market opportunities available in the self-storage sector. Joe emphasizes the importance of flexibility, technology, and understanding the target audience for pro storage facilities. He also highlights the significance of location and the potential for growth in the self-storage market, especially with the aging population of facility owners.TakeawaysJoe Downs transitioned from bartending to real estate after a failed bar venture.He learned about self-storage through various experiences and networking.Pro storage offers larger units and more flexibility compared to traditional self-storage.The self-storage market is largely dominated by mom-and-pop owners.There is a significant opportunity for new investors in self-storage.Pro storage targets tradespeople and small business owners.Location and market demand are crucial for successful storage facilities.Technology will play a key role in the future of storage solutions.The flexibility of month-to-month contracts is appealing to businesses.Joe Downs is actively involved in educating others about self-storage investment.Joe's Links: Email: [email protected]Website: selfstorageacademy.comYoutube: @thestoragemastermind Chapters00:00 From Bartender to Real Estate Mogul15:59 Understanding Pro Storage vs. Self Storage50:19 The Future of Pro Storage and Market InsightsHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
103
What is Pro Storage (with Joe Downs)?
In this conversation, Joe Downs shares his journey from being a bartender to a successful entrepreneur in the self-storage industry. He discusses the differences between self-storage and pro storage, the business model of pro storage, and the market opportunities available in the self-storage sector. Joe emphasizes the importance of flexibility, technology, and understanding the target audience for pro storage facilities. He also highlights the significance of location and the potential for growth in the self-storage market, especially with the aging population of facility owners.TakeawaysJoe Downs transitioned from bartending to real estate after a failed bar venture.He learned about self-storage through various experiences and networking.Pro storage offers larger units and more flexibility compared to traditional self-storage.The self-storage market is largely dominated by mom-and-pop owners.There is a significant opportunity for new investors in self-storage.Pro storage targets tradespeople and small business owners.Location and market demand are crucial for successful storage facilities.Technology will play a key role in the future of storage solutions.The flexibility of month-to-month contracts is appealing to businesses.Joe Downs is actively involved in educating others about self-storage investment.Joe's Links: Email: [email protected]: selfstorageacademy.comYoutube: @thestoragemastermind Chapters00:00 From Bartender to Real Estate Mogul15:59 Understanding Pro Storage vs. Self Storage50:19 The Future of Pro Storage and Market InsightsHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
102
Masterclass In Development (Part 2) with Tony Johnson
In this conversation, the speakers discuss the journey of transitioning from pharmacy to commercial real estate, the process of writing a book on real estate investing, and the intricacies involved in development projects. They delve into the importance of understanding zoning, utility management, and the significance of thorough feasibility studies. The discussion emphasizes the need for a strong team dynamic and the challenges faced in the real estate industry, particularly in development and investment strategies.Takeaways1. The journey of writing a book can be overwhelming but rewarding.2. Finding a mentor can significantly impact your learning curve in real estate.3. Understanding the basics of commercial real estate is crucial for success.4. Zoning and utility management are key factors in development projects.5. Feasibility studies are essential to assess the viability of a project.6. Team dynamics play a vital role in the success of real estate ventures.7. Navigating the complexities of development requires thorough planning and research.8. Topography and soil quality can make or break a development deal.9. Negotiating with local governments can lead to favorable outcomes for projects.10. The importance of understanding market demand and tenant needs in development.ChaptersThe Importance of Team Dynamics in Real EstateDevelopment Projects: Key ConsiderationsNavigating Zoning and Utility ChallengesUnderstanding Topography and Soil QualityFeasibility Studies and Due DiligenceFinal Steps in Development PlanningTony's Linkedin: https://www.linkedin.com/in/tonytimeless/Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
101
Masterclass In Development (Part 1) with Tony Johnson
In this conversation, the speakers discuss the journey of transitioning from pharmacy to commercial real estate, the process of writing a book on real estate investing, and the intricacies involved in development projects. They delve into the importance of understanding zoning, utility management, and the significance of thorough feasibility studies. The discussion emphasizes the need for a strong team dynamic and the challenges faced in the real estate industry, particularly in development and investment strategies.Takeaways1. The journey of writing a book can be overwhelming but rewarding.2. Finding a mentor can significantly impact your learning curve in real estate.3. Understanding the basics of commercial real estate is crucial for success.4. Zoning and utility management are key factors in development projects.5. Feasibility studies are essential to assess the viability of a project.6. Team dynamics play a vital role in the success of real estate ventures.7. Navigating the complexities of development requires thorough planning and research.8. Topography and soil quality can make or break a development deal.9. Negotiating with local governments can lead to favorable outcomes for projects.10. The importance of understanding market demand and tenant needs in development.ChaptersThe Importance of Team Dynamics in Real EstateDevelopment Projects: Key ConsiderationsNavigating Zoning and Utility ChallengesUnderstanding Topography and Soil QualityFeasibility Studies and Due DiligenceFinal Steps in Development PlanningTony's Linkedin: https://www.linkedin.com/in/tonytimeless/Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
100
500% Growth in 3 Years (Part 2) with Slocomb Reed
In this conversation, Tanh Truong interviews Slocomb Reed, a seasoned real estate investor and property manager based in Cincinnati. Slocomb shares his journey from being a youth minister to becoming a successful investor and property manager, discussing the evolution of his career, the importance of building a strong team, and the challenges of managing a growing portfolio. He emphasizes the significance of standard operating procedures, finding the right hires, and navigating partnerships in the real estate industry. The discussion also touches on the current state of the multifamily market and the potential of single-family investments.Takeaways1. Slocomb Reed transitioned from a youth minister to a real estate investor.2. He emphasizes the importance of buy and hold strategies.3. Building a property management company was a key part of his growth.4. Self-management of properties helped him scale effectively.5. Finding reliable contractors is crucial for property management success.6. Standard operating procedures are essential for efficient operations.7. Hiring the right people can lead to significant ROI.8. Partnerships should be approached with clear exit strategies.9. New investors should focus on specialization and delegation.10. The multifamily market is currently facing challenges, but opportunities exist.Chapters00:00 Introduction to Slocomb Reed and His Journey05:25 Scaling Through Joint Ventures and Partnerships10:30 Building a Reliable Team and In-House OperationsSlocomb's Links:Website: tlp-management.comIG: @yourhouseofbricksHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
99
500% Growth in 3 Years (Part 1) with Slocomb Reed
In this conversation, Tanh Truong interviews Slocomb Reed, a seasoned real estate investor and property manager based in Cincinnati. Slocomb shares his journey from being a youth minister to becoming a successful investor and property manager, discussing the evolution of his career, the importance of building a strong team, and the challenges of managing a growing portfolio. He emphasizes the significance of standard operating procedures, finding the right hires, and navigating partnerships in the real estate industry. The discussion also touches on the current state of the multifamily market and the potential of single-family investments.Takeaways1. Slocomb Reed transitioned from a youth minister to a real estate investor.2. He emphasizes the importance of buy and hold strategies.3. Building a property management company was a key part of his growth.4. Self-management of properties helped him scale effectively.5. Finding reliable contractors is crucial for property management success.6. Standard operating procedures are essential for efficient operations.7. Hiring the right people can lead to significant ROI.8. Partnerships should be approached with clear exit strategies.9. New investors should focus on specialization and delegation.10. The multifamily market is currently facing challenges, but opportunities exist.Chapters00:00 Introduction to Slocomb Reed and His Journey05:25 Scaling Through Joint Ventures and Partnerships10:30 Building a Reliable Team and In-House OperationsSlocomb's Links:Website: tlp-management.comIG: @yourhouseofbricksHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
98
Scaling Real Estate Success (Part 2) with Clay Lehman
In this conversation, Clay Lehman shares his extensive experience in the real estate industry, discussing his journey from accounting to various roles in real estate, including asset management, brokerage, and coaching. He emphasizes the importance of strategy, systems, and the use of technology, particularly AI, in scaling businesses. Clay also highlights the significance of hiring the right people, managing teams effectively, and maintaining a personal operating system for success.Takeaways1. Clay has over 20 years of experience in real estate.2. He transitioned from accounting to real estate during the financial crisis.3. Consulting and coaching are now key focuses for Clay.4. Identifying bottlenecks is crucial for business growth.5. A coherent strategy is essential for scaling a business.6. CRM systems are vital for managing contacts and leads.7. Automating processes can significantly improve efficiency.8. Hiring the right people is critical for team success.9. Clarity in communication is key to effective management.10. AI tools are transforming the real estate industry.ChaptersImplementing Effective SOPs in Real EstateKey Performance Indicators for Tracking SuccessBuilding a Strong Real Estate TeamEffective Management and CommunicationLeveraging AI in BusinessPersonal Operating Systems for SuccessClay's Links:Website: imclaylehman.comFacebook Group: https://www.facebook.com/groups/unstuckaihttps://www.linkedin.com/in/clay-lehman/IG: @claylehmanYoutube: https://www.youtube.com/@claylehman8957Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
97
Scaling Real Estate Success (Part 1) with Clay Lehman
In this conversation, Clay Lehman shares his extensive experience in the real estate industry, discussing his journey from accounting to various roles in real estate, including asset management, brokerage, and coaching. He emphasizes the importance of strategy, systems, and the use of technology, particularly AI, in scaling businesses. Clay also highlights the significance of hiring the right people, managing teams effectively, and maintaining a personal operating system for success.Takeaways1. Clay has over 20 years of experience in real estate.2. He transitioned from accounting to real estate during the financial crisis.3. Consulting and coaching are now key focuses for Clay.4. Identifying bottlenecks is crucial for business growth.5. A coherent strategy is essential for scaling a business.6. CRM systems are vital for managing contacts and leads.7. Automating processes can significantly improve efficiency.8. Hiring the right people is critical for team success.9. Clarity in communication is key to effective management.10. AI tools are transforming the real estate industry.Chapters00:00 Introduction to Clay Lehman and His Journey02:32 Lessons from Managing Foreclosed Properties04:53 Identifying Bottlenecks in Real Estate Businesses08:31 Assessing Business Needs: Strategy vs. Systems14:44 Core Systems for High-Performing Real Estate Teams18:26 Optimizing CRM for Business SuccessClay's Links: Website: imclaylehman.comFacebook Group: https://www.facebook.com/groups/unstuckaihttps://www.linkedin.com/in/clay-lehman/IG: @claylehmanYoutube: https://www.youtube.com/@claylehman8957Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
96
The 12 Week Year (Part 2)
Part 2: Executing Your 12 Week YearEpisode Focus:Breaking down the 5 Disciplines of Execution: Vision, Planning, Process Control, Measurement, Time Use.Discussing the emotional phases of change and staying consistent.Step-by-step instructions for creating your own 12-week plan.Main Talking Points:How to set a powerful vision (long-term, 3-year, and the next 12 weeks).Creating a simple but effective 12-week plan with clear objectives.Building routines with weekly and daily habits (scorecards, accountability partners).Tracking the right metrics—lead vs. lag indicators.Managing your time with strategic blocks, buffer blocks, and scheduled breaks.Navigating the emotional ups and downs of change—knowing what to expect so you don’t quit.Action Steps:Draft your 12-week plan: write 1–3 goals, desired actions, and milestones.Set up weekly reviews and a simple scorecard for measuring progress.Mark your “13th week” on the calendar for reflection and reward.Final Takeaways:Your next 12-week year can start now—don’t wait for January!Small focused sprints outpace vague annual resolutions.“Success is built in the moment—start today.”
-
95
The 12 Week Year (Part 1)
Part 1: Understanding The 12 Week Year Episode Focus:Introduction to the “12 Week Year” strategy—and why most New Year’s goals fail.Overview of the annualized mindset vs. the 12-week approach.The three foundational principles: Accountability, Commitment, Greatness in the Moment.Laying the groundwork for quarterly goal achievement.Main Talking Points:Why most people lose momentum after January, and how shorter cycles maintain urgency.The definition of a “12 Week Year” and how it changes your approach to planning.The core principles behind the success of this framework.How accountability is about personal ownership—not blame or punishment.Commitment as a daily habit, not just good intentions.Making every moment count—acting today vs. waiting for “inspiration.”Action Steps:Start visualizing your goals in a 12-week window.Ask yourself: What would I change if I only had 12 weeks to make this happen?Identify the mindset shifts that unlock momentum and consistency.Teaser for Part 2:Next episode: We’ll dig in on the five disciplines of execution and map out your first real 12-week plan.Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
94
Multifamily to Retail with Joseph Gozlan (Part 2)
In this conversation, Joseph Gaznan shares his extensive experience in commercial real estate, discussing his journey from software engineering to becoming a broker and investor. He highlights the importance of vertical integration in real estate, the challenges of property management, and the differences between multifamily and commercial properties. Joseph emphasizes the significance of understanding the headaches-to-returns ratio and the benefits of innovative management strategies. He also delves into the current market trends, the impact of economic downturns, and the role of technology in enhancing real estate operations. Finally, he shares personal development insights and the habits that drive his success.Takeaways1. Joseph transitioned from software engineering to commercial real estate.2. Vertical integration helps reduce costs and improve efficiency.3. The headaches-to-returns ratio is crucial for investment decisions.4. Commercial properties often have less management headache than multifamily.5. Innovative management strategies can significantly benefit tenants.6. Understanding tenant mix is vital for property success.7. Prospecting involves a mix of traditional and modern methods.8. Market trends indicate a shift towards retail and industrial investments.9. Economic downturns require proactive tenant support strategies.10. Personal development and mindset are key to long-term success.Joseph's Links: LinkedIn: https://www.linkedin.com/in/gozlan/Website: https://ebgtx.com/about-eureka-business-group/meet-the-team/joseph-gozlan/Youtube: https://www.youtube.com/@ebgtx ChaptersProspecting and Lead Generation StrategiesMarket Insights and Current TrendsNavigating Economic DownturnsLeveraging Technology in Real EstatePersonal Development and Success HabitsHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
93
Multifamily to Retail with Joseph Gozlan (Part 1)
In this conversation, Joseph Gozlan shares his extensive experience in commercial real estate, discussing his journey from software engineering to becoming a broker and investor. He highlights the importance of vertical integration in real estate, the challenges of property management, and the differences between multifamily and commercial properties. Joseph emphasizes the significance of understanding the headaches-to-returns ratio and the benefits of innovative management strategies. He also delves into the current market trends, the impact of economic downturns, and the role of technology in enhancing real estate operations. Finally, he shares personal development insights and the habits that drive his success.Takeaways1. Joseph transitioned from software engineering to commercial real estate.2. Vertical integration helps reduce costs and improve efficiency.3. The headaches-to-returns ratio is crucial for investment decisions.4. Commercial properties often have less management headache than multifamily.5. Innovative management strategies can significantly benefit tenants.6. Understanding tenant mix is vital for property success.7. Prospecting involves a mix of traditional and modern methods.8. Market trends indicate a shift towards retail and industrial investments.9. Economic downturns require proactive tenant support strategies.10. Personal development and mindset are key to long-term success.Joseph's Links: LinkedIn: https://www.linkedin.com/in/gozlan/Website: https://ebgtx.com/about-eureka-business-group/meet-the-team/joseph-gozlan/Youtube: https://www.youtube.com/@ebgtx Chapters00:00 Introduction to Commercial Real Estate01:21 Joseph's Journey in Real Estate04:19 Transitioning from Multifamily to Commercial07:15 Understanding the Headaches of Multifamily vs. Commercial10:23 The Benefits of Vertical Integration13:15 Challenges in Property Management16:04 What Makes a Good Property Manager?18:50 Innovative Management Strategies21:56 Brokerage and Investment DynamicsHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
92
How To Be A Badass Broker (Part 2)
In this conversation, Jumha Shatara shares his journey in commercial real estate, discussing the transition from residential to commercial brokerage, the importance of communication and creativity in the industry, and the attributes that separate good brokers from great ones. He emphasizes the need for organization, market knowledge, and the ability to navigate competition while maintaining relationships with clients and other brokers. Jumha also touches on the challenges of slow markets, the significance of personal development, and his future goals in the industry.Takeaways1. Investors should clearly define their investment criteria to work effectively with brokers.2. Maintaining organization is essential for managing multiple clients and deals.3. Networking and personal development are vital for success in brokerage.4. Handling difficult clients requires setting boundaries and knowing when to let go.ChaptersUtilizing Data Platforms for Off-Market DealsDealing with Difficult ClientsInvesting in Personal DevelopmentJimmy’s Links:LinkedIn - https://www.linkedin.com/in/jumhashatara/YouTube - https://www.youtube.com/@jumhashataraInstagram - https://www.instagram.com/jtshatara/Facebook - https://www.facebook.com/jumhashatara/Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
91
How To Be A Badass Broker (Part 1)
In this conversation, Jumha Shatara shares his journey in commercial real estate, discussing the transition from residential to commercial brokerage, the importance of communication and creativity in the industry, and the attributes that separate good brokers from great ones. He emphasizes the need for organization, market knowledge, and the ability to navigate competition while maintaining relationships with clients and other brokers. Jumha also touches on the challenges of slow markets, the significance of personal development, and his future goals in the industry.TakeawaysJumha Shatara operates a brokerage called Skyrise CRE in Indianapolis.He transitioned from residential to commercial real estate in 2020.Creativity is a key aspect of commercial real estate that differentiates it from residential.Effective communication is crucial for brokers to understand client needs.Brokers should have a documented process for transactions to ensure clarity.Collaboration with other brokers can provide valuable market insights.Chapters00:00 Introduction and Background of Jimmy Shatara04:31 Transitioning from Residential to Commercial Real Estate11:30 Navigating Competition in the Brokerage Landscape17:23 Standing Out as a Broker and Investor23:24 Organizational Tools for BrokersJimmy’s Links:LinkedIn - https://www.linkedin.com/in/jumhashatara/YouTube - https://www.youtube.com/@jumhashataraInstagram - https://www.instagram.com/jtshatara/Facebook - https://www.facebook.com/jumhashatara/Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
90
Intro to Commercial Development (Part 2) with Tim Dowling
In this conversation, Tim Dowling shares his extensive journey in commercial real estate, detailing his transition from residential to commercial investments, particularly focusing on local projects within a 12-mile radius of his home. He discusses the importance of partnerships, navigating zoning changes, and the complexities of project timelines. Tim emphasizes the significance of understanding utilities, location, and zoning as critical factors in real estate development. He also highlights the challenges of tenant acquisition and the financial structures involved in development projects, including the role of banks and investor expectations. The conversation concludes with Tim's aspirations for future developments that foster community engagement.Takeaways1. Tim's journey into real estate began unexpectedly.2. He focuses on local investments within 12 miles of his home.3. Building partnerships is crucial for successful development.4. Understanding zoning and community needs is essential.5. Project timelines often extend beyond initial estimates.6. Identifying green and red flags is key in real estate.7. Utilities and location are critical factors in development.8. The bank is a significant partner in financing projects.9. Investors can expect returns once tenants are operational.10. Tim aims to create community-focused developments.ChaptersIdentifying Green and Red Flags in Real EstateNavigating Construction PartnershipsFunding the $29 Million ProjectUnderstanding Triple Net LeasesStructuring Investor PartnershipsEducating Investors on Development RisksDevelopment Fees and Financial StructuresRefinancing Strategies for Long-Term GainsVision for Future DevelopmentsThe Live-Work-Play Concept in DevelopmentConclusion and Future ProspectsTim's Linksroundaboutinbuda.comhttps://www.linkedin.com/in/dowlingtim/Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
89
Intro to Commercial Development (Part 1) with Tim Dowling
In this conversation, Tim Dowling shares his extensive journey in commercial real estate, detailing his transition from residential to commercial investments, particularly focusing on local projects within a 12-mile radius of his home. He discusses the importance of partnerships, navigating zoning changes, and the complexities of project timelines. Tim emphasizes the significance of understanding utilities, location, and zoning as critical factors in real estate development. He also highlights the challenges of tenant acquisition and the financial structures involved in development projects, including the role of banks and investor expectations. The conversation concludes with Tim's aspirations for future developments that foster community engagement.Takeaways1. Tim's journey into real estate began unexpectedly.2. He focuses on local investments within 12 miles of his home.3. Building partnerships is crucial for successful development.4. Understanding zoning and community needs is essential.5. Project timelines often extend beyond initial estimates.6. Identifying green and red flags is key in real estate.7. Utilities and location are critical factors in development.8. The bank is a significant partner in financing projects.9. Investors can expect returns once tenants are operational.10. Tim aims to create community-focused developments.Chapters00:00 Tim Dowling's Journey into Real Estate05:46 The Shift to Local Investments11:51 Lessons from Development Projects17:00 Building the Right Team26:16 Pre-Leasing Strategies and Community Engagement32:27 Identifying Green and Red Flags in Real EstateTim's Linksroundaboutinbuda.comhttps://www.linkedin.com/in/dowlingtim/Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
88
How to Invest in Cold Storage
In this conversation, Tanh Truong interviews cold storage expert Jomar Benoit, who shares insights into the complexities and importance of cold storage in the commercial real estate sector. Jomar discusses the critical role of temperature control, the differences between cold storage and standard warehousing, and the essential components of cold storage facilities. He highlights the operational challenges, common mistakes, and the growing demand for cold storage globally. The conversation also delves into investment potential, the impact of technology and AI, and the future of cold storage development.Takeaways1. Cold storage is critical for maintaining the integrity of perishable goods.2. Temperature control is essential for various products, including food and pharmaceuticals.3. The building envelope and insulation are vital for energy efficiency in cold storage.4. Different products require different temperature zones within cold storage facilities.5. Refrigeration systems are the backbone of cold storage operations.6. Operational efficiency can significantly impact the cost of running a cold storage facility.7. Common mistakes in cold storage operations include poor maintenance and lack of safety protocols.8. Tenants look for specific amenities like reefer plugs for temperature continuity.9. Liability and insurance are significant concerns in the cold storage industry.10. The global demand for cold storage is increasing, especially in developing regions.ChaptersTenant Considerations for Cold Storage FacilitiesLiability and Insurance in Cold StorageInvestment Potential in Cold StorageChallenges in Cold Storage DevelopmentData and Technology in Cold StorageFuture of Cold Storage: AI and AutomationHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
87
What is Cold Storage? (Big Ass Refrigerators)
In this conversation, Tanh Truong interviews cold storage expert Jomar Benoit, who shares insights into the complexities and importance of cold storage in the commercial real estate sector. Jomar discusses the critical role of temperature control, the differences between cold storage and standard warehousing, and the essential components of cold storage facilities. He highlights the operational challenges, common mistakes, and the growing demand for cold storage globally. The conversation also delves into investment potential, the impact of technology and AI, and the future of cold storage development.Takeaways1. Cold storage is critical for maintaining the integrity of perishable goods.2. Temperature control is essential for various products, including food and pharmaceuticals.3. The building envelope and insulation are vital for energy efficiency in cold storage.4. Different products require different temperature zones within cold storage facilities.5. Refrigeration systems are the backbone of cold storage operations.6. Operational efficiency can significantly impact the cost of running a cold storage facility.7. Common mistakes in cold storage operations include poor maintenance and lack of safety protocols.8. Tenants look for specific amenities like reefer plugs for temperature continuity.9. Liability and insurance are significant concerns in the cold storage industry.10. The global demand for cold storage is increasing, especially in developing regions.Chapters00:00 Introduction to Cold Storage and Jomar Benoit02:45 Understanding Cold Storage: Definition and Importance05:20 Key Components of Cold Storage Facilities08:39 Temperature Ranges and Their Impact on Storage11:06 Building Design and Structural Integrity13:13 Operational Challenges in Cold Storage16:22 Market Trends and User Preferences19:05 Development vs. Redevelopment of Cold Storage22:06 Cost Considerations in Cold Storage Development25:15 Location Factors for Cold Storage Facilities28:12 Operational Efficiency and Common Mistakes29:38 Safety Protocols in Cold Storage OperationsHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
86
Buying Notes for 50% Off with Scott Carson - Part 2
In this conversation, Scott Carson, known as the Note Guy, shares his extensive experience in note investing, particularly in distressed mortgages. He discusses the transition from traditional real estate investing to the note business, explaining the nuances of buying and managing mortgage notes. Scott elaborates on the importance of due diligence, negotiation with lenders, and maintaining relationships with banks. He also shares insights on funding strategies, creative approaches to note investing, and lessons learned from his best and worst deals.Takeaways1. Scott Carson is known as the Note Guy and has extensive experience in note investing.2. He transitioned from traditional real estate to buying distressed mortgages after the 2008 financial crisis.3. Note investing involves becoming the lender rather than owning the property.4. Due diligence is crucial in evaluating notes, including assessing the borrower's payment history.5. Building relationships with banks and asset managers is key to finding good deals.6. Negotiation with lenders can lead to significant discounts on notes.7. It's important to have a clear understanding of the risks involved in note investing.8. Creative strategies can turn non-performing notes into performing assets.9. Maintaining consistent follow-up with lenders can lead to more opportunities.10. Understanding the market and being aware of red flags can prevent costly mistakes.ChaptersNavigating Note Investments: Key PrinciplesCreative Strategies in Note InvestingBuilding Relationships with BanksFunding Strategies for Note InvestmentsLessons from Successes and Failures in Note InvestingScott's LinksWebsite: WeCloseNotes.com - This is where you can see their classes and book a call with Scott.Podcast: "The Note Closers Show" - Available on various podcast platforms.Social Media:Instagram: @1ScottCarsonFacebook: @1ScottCarsonLinkedIn: https://www.linkedin.com/in/1scottcarson/Twitter/X: @1ScottCarsonSpecial Offer: Scott mentioned a free three-hour course available at NoteWeekend.com.Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
85
Buying Notes for 50% Off with Scott Carson - Part 1
In this conversation, Scott Carson, known as the Note Guy, shares his extensive experience in note investing, particularly in distressed mortgages. He discusses the transition from traditional real estate investing to the note business, explaining the nuances of buying and managing mortgage notes. Scott elaborates on the importance of due diligence, negotiation with lenders, and maintaining relationships with banks. He also shares insights on funding strategies, creative approaches to note investing, and lessons learned from his best and worst deals.Takeaways1. Scott Carson is known as the Note Guy and has extensive experience in note investing.2. He transitioned from traditional real estate to buying distressed mortgages after the 2008 financial crisis.3. Note investing involves becoming the lender rather than owning the property.4. Due diligence is crucial in evaluating notes, including assessing the borrower's payment history.5. Building relationships with banks and asset managers is key to finding good deals.6. Negotiation with lenders can lead to significant discounts on notes.7. It's important to have a clear understanding of the risks involved in note investing.8. Creative strategies can turn non-performing notes into performing assets.9. Maintaining consistent follow-up with lenders can lead to more opportunities.10. Understanding the market and being aware of red flags can prevent costly mistakes.Chapters00:00 Introduction to Note Investing02:46 Understanding Notes and the Note Business05:00 The First Note: A Learning Experience09:15 Building Relationships with Banks11:44 The Process of Buying Distressed Notes16:01 Due Diligence in Note Investing21:08 Negotiating with Lenders26:16 Closing the Deal on a NoteScott's LinksWebsite: WeCloseNotes.com - This is where you can see their classes and book a call with Scott.Podcast: "The Note Closers Show" - Available on various podcast platforms.Social Media:Instagram: @1ScottCarsonFacebook: @1ScottCarsonLinkedIn: https://www.linkedin.com/in/1scottcarson/Twitter/X: @1ScottCarsonSpecial Offer: Scott mentioned a free three-hour course available at NoteWeekend.com.Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
84
I Bet You Didn't Know This About Fire Safety in CRE
In this conversation, Michael Dawkins shares his journey from being a firefighter to a full-time real estate developer. He discusses the complexities of land entitlement, the challenges of navigating political and environmental hurdles, and the strategies for maximizing land value. Michael also shares insights into creative real estate strategies, including partitioning properties and building industrial parks. Additionally, he recounts humorous and insightful stories from his firefighting days, emphasizing the importance of fire safety and compliance in property management.Takeaways1. Michael transitioned from a firefighter to a full-time real estate developer.2. Land entitlement involves navigating political and environmental challenges.3. Patience is crucial in the land development process.4. Maximizing land value can lead to significant returns on investment.5. Creative strategies can help stabilize and profit from properties.6. Building relationships with local municipalities is essential for development.7. Fire safety compliance is critical for property owners and tenants.8. Understanding fire inspections can prevent costly mistakes.9. Smoke poses a greater risk than fire during emergencies.10. Always ensure that exits are accessible and not obstructed.Chapters00:00 Introduction and Background00:38 Real Estate and Land Entitlement Challenges09:04 Current Projects and Strategies15:32 Fire Safety Insights and Experiences19:49 Preparing for Fire Inspections31:44 Navigating Fire Codes and Regulations32:03 Understanding Fire Safety Regulations36:21 Fire Prevention in Building Design41:09 Innovations in Fire Safety Technology46:47 Common Oversights in Fire Safety48:36 Maintenance and Compliance in Fire SafetyHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
83
Land Entitlements with Michael Dawkins!
In this conversation, Michael Dawkins shares his journey from being a firefighter to a full-time real estate developer. He discusses the complexities of land entitlement, the challenges of navigating political and environmental hurdles, and the strategies for maximizing land value. Michael also shares insights into creative real estate strategies, including partitioning properties and building industrial parks. Additionally, he recounts humorous and insightful stories from his firefighting days, emphasizing the importance of fire safety and compliance in property management.Takeaways1. Michael transitioned from a firefighter to a full-time real estate developer.2. Land entitlement involves navigating political and environmental challenges.3. Patience is crucial in the land development process.4. Maximizing land value can lead to significant returns on investment.5. Creative strategies can help stabilize and profit from properties.6. Building relationships with local municipalities is essential for development.Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
82
My First Ever Deal!
In this conversation, Tanh Truong shares his journey through the acquisition and management of his first commercial property in Cincinnati, Ohio. He discusses the challenges faced during due diligence, tenant negotiations, and the eventual sale of the property, highlighting the lessons learned and the financial outcomes for investors.Takeaways1. The importance of location in property acquisition.2. Understanding market rents is crucial for profitability.3. Effective tenant management can prevent vacancies.4. Negotiating lease terms requires empathy and strategy.5. Eviction processes can be complex and costly.6. National tenants can stabilize income streams.7. Investing in tenant improvements can enhance property value.8. Communication with tenants is key to resolving issues.9. Legal challenges can arise unexpectedly in real estate.10. Successful deals often require adaptability and resilience.Chapters00:00 Introduction to the Property Journey06:12 Tenant Management and Lease Negotiations13:55 Finalizing the Sale and Investor ReturnsHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
81
My Not-So-Great Deal :(
In this conversation, Tanh Truong shares his journey through the acquisition and management of a commercial real estate property, detailing the challenges faced with tenants, the leasing process, and the eventual sale of the property. He emphasizes the importance of due diligence and learning from experiences in the real estate market.Takeaways1. Closed on two commercial real estate properties recently.2. Acquired a 38,000 square foot flex space building.3. Used a texting campaign to find motivated sellers.4. The building had unique tech applications in healthcare.5. The cash on cash return was about 15% on day one.6. Faced challenges with a tenant who ghosted after moving in.7. Had to list the property for rent and sale due to tenant issues.8. Successfully navigated the sale process with interested buyers.9. Closing was delayed due to international wire transfer issues.10. Learned the importance of thorough market analysis and due diligence.Chapters00:00 Introduction to New Ventures05:21 Challenges with Leasing and Tenant Issues14:16 Lessons Learned from the ExperienceHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
80
The Fast Food Landlord (Part 2)
In this engaging conversation, Tom Rauen, known as the Fast Food Landlord, shares his unique journey from running ultra marathons to becoming a successful entrepreneur in the real estate and custom apparel industries. He discusses the mental and physical challenges of ultra marathons and how those experiences translate into business resilience. Tom also delves into the inception of his company, 1-800-T-Shirts, and his remarkable achievement of breaking a Guinness World Record. He highlights the importance of relationships in real estate, the shift to commercial properties, and the resilience of retail in today's market. Throughout the conversation, Tom emphasizes the significance of daily habits, continuous learning, and maintaining a balanced life while managing multiple ventures.TakeawaysTom Rauen is the CEO and founder of 1-800-T-Shirts and Rauen Capital.He runs ultra marathons to push his mental and physical limits.The challenges faced in ultra marathons parallel those in business.Tom's first real estate deal was a challenging fourplex with difficult tenants.He transitioned to commercial real estate for more passive income.Tom broke the Guinness World Record for wearing 247 t-shirts at once.Retail is evolving, and physical stores still hold value.Building relationships is crucial in real estate transactions.Daily habits, including early workouts, are key to Tom's success.Continuous learning from influential books shapes Tom's entrepreneurial journey.Chapters00:00 Introduction to Tom Rauen03:05 The Journey of an Ultra Marathon Runner05:54 Lessons from Running and Business09:10 Starting 1-800-T-Shirts11:56 The Guinness World Record Experience15:08 Transitioning to Real Estate 20:56 First Real Estate Deal Challenges26:09 Commercial Real Estate Insights29:03 Creative Financing and Property Acquisition31:53 Tenant Mix: Balancing National and Local Brands35:02 Portfolio Strategy: Focus on Iowa and Diversification38:29 The Resilience of Retail: Adapting to Market Changes42:11 The Value of Community: Supporting Local Businesses45:05 Balancing Life and Business: The Importance of Team46:53 Daily Habits of a Successful Entrepreneur49:23 Timeless Wisdom: Learning from Historical Figures51:48 Dream Tenants: Fast Food Favorites53:22 Future Aspirations: Continuous Growth and LearningHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
79
The Fast Food Landlord (Part 1)
In this engaging conversation, Tom Rauen, known as the Fast Food Landlord, shares his unique journey from running ultra marathons to becoming a successful entrepreneur in the real estate and custom apparel industries. He discusses the mental and physical challenges of ultra marathons and how those experiences translate into business resilience. Tom also delves into the inception of his company, 1-800-T-Shirts, and his remarkable achievement of breaking a Guinness World Record. He highlights the importance of relationships in real estate, the shift to commercial properties, and the resilience of retail in today's market. Throughout the conversation, Tom emphasizes the significance of daily habits, continuous learning, and maintaining a balanced life while managing multiple ventures.TakeawaysTom Rauen is the CEO and founder of 1-800-T-Shirts and Rauen Capital.He runs ultra marathons to push his mental and physical limits.The challenges faced in ultra marathons parallel those in business.Tom's first real estate deal was a challenging fourplex with difficult tenants.He transitioned to commercial real estate for more passive income.Tom broke the Guinness World Record for wearing 247 t-shirts at once.Retail is evolving, and physical stores still hold value.Building relationships is crucial in real estate transactions.Daily habits, including early workouts, are key to Tom's success.Continuous learning from influential books shapes Tom's entrepreneurial journey.Chapters00:00 Introduction to Tom Rauen03:05 The Journey of an Ultra Marathon Runner05:54 Lessons from Running and Business09:10 Starting 1-800-T-Shirts11:56 The Guinness World Record Experience15:08 Transitioning to Real Estate 20:56 First Real Estate Deal Challenges26:09 Commercial Real Estate Insights29:03 Creative Financing and Property Acquisition31:53 Tenant Mix: Balancing National and Local Brands35:02 Portfolio Strategy: Focus on Iowa and Diversification38:29 The Resilience of Retail: Adapting to Market Changes42:11 The Value of Community: Supporting Local Businesses45:05 Balancing Life and Business: The Importance of Team46:53 Daily Habits of a Successful Entrepreneur49:23 Timeless Wisdom: Learning from Historical Figures51:48 Dream Tenants: Fast Food Favorites53:22 Future Aspirations: Continuous Growth and LearningHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
78
The Best Ever Advice from Joe Fairless!
In this engaging conversation, Joe Fairless shares his journey from being one of the youngest VPs in advertising to becoming a successful real estate investor. He discusses the pivotal moments that led him to make significant career changes, the importance of partnerships, and the role of mentorship in his life. Joe also delves into his writing process for his books, his daily routines that contribute to his discipline, and his mastery of public speaking. Throughout the discussion, he emphasizes the value of community building in real estate and the lessons learned from starting over.TakeawaysWriting a book requires understanding the reader's perspective and dedication.Daily routines and discipline are key to maintaining focus and achieving goals.Public speaking skills can be developed through practice and preparation.Life's challenges are expected and should be embraced as part of the journey.Building a community enhances the learning experience in real estate.Starting over requires leveraging knowledge and building relationships from scratch.The secret to living is giving, and life is meant to be challenging.Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
77
Who Is Joe Fairless?
In this engaging conversation, Joe Fairless shares his journey from being one of the youngest VPs in advertising to becoming a successful real estate investor. He discusses the pivotal moments that led him to make significant career changes, the importance of partnerships, and the role of mentorship in his life. Joe also delves into his writing process for his books, his daily routines that contribute to his discipline, and his mastery of public speaking. Throughout the discussion, he emphasizes the value of community building in real estate and the lessons learned from starting over.TakeawaysJoe Fairless transitioned from advertising to real estate due to a lack of fulfillment.Partnerships are essential for success in business; no one can do it alone.Mentorship has played a crucial role in Joe's personal and professional growth.Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
76
GoBundance Co-Founder and Real Estate OG (Pat Hiban)!
In this engaging conversation, Tanh Truong interviews Pat Hiban, a prominent figure in the real estate industry, known for his entrepreneurial spirit and success in various ventures. Pat shares his journey from being a top real estate agent to founding multiple companies, including GoBundance, a mastermind group for high-achieving individuals. He discusses the lessons learned from his failures, the importance of profit margins in business, and the value of networking and personal development. The conversation also touches on daily habits for success, balancing work and family life, and the significance of hiring the right people. Pat's insights and experiences provide valuable lessons for aspiring entrepreneurs and those looking to succeed in their careers.TakeawaysPat Hiban is a pioneer in the real estate industry.Success requires hard work and a strong work ethic.The importance of profit margins in business ventures.Networking and connecting with people is crucial for success.Daily habits and environment influence motivation and health.GoBundance was created organically through shared values.Adventure and experiences are key components of GoBundance events.Balancing work and family requires effective delegation.Hiring the right people is essential for business growth.Reading and learning from others' experiences is vital for personal development.Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
75
The Co-Author of My Favorite Book ($1B Lesson)!
In this conversation, Bob Burg, co-author of 'The Go-Giver', shares insights into the principles of giving and receiving value in business and life. He discusses his journey from a struggling salesperson to a successful author and speaker, emphasizing the importance of internal growth and understanding human nature. The discussion covers the five laws of stratospheric success, the challenges of receptivity, and the relevance of these principles in today's fast-paced, tech-driven marketplace.TakeawaysSuccess is an inside job that begins in the mind.The Go-Giver philosophy emphasizes giving value to others.The law of receptivity is often the hardest to adopt.Understanding human nature is crucial for success.Money is a reward for providing value, not the target.Giving and receiving are two sides of the same coin.Real-life examples illustrate the power of go-giving.The principles of go-giving remain relevant in today's market.Technology should enhance human connection, not replace it.Continuous learning about prosperity is essential.Chapters00:00 Introduction to The Go-Giver02:10 Bob Burg's Journey to Sales Success05:52 The Inspiration Behind The Go-Giver12:13 Understanding the Five Laws of Stratospheric Success17:59 The Challenge of Receptivity24:11 The Role of Technology in Go-Giving29:57 Conclusion and Key TakeawaysHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
74
International Investing!
In this conversation, Tanh interviews Anne-Michelle, a visionary in real estate investment, focusing on innovative projects in Panama. They discuss the benefits of investing in real estate, particularly in senior housing, and the unique opportunities available in Panama. Anne-Michelle shares insights on financing, legal considerations, and the cultural landscape of Panama, as well as the impact of COVID-19 on the region. The conversation highlights the potential for growth in the Panamanian real estate market and offers advice for investors looking to diversify their portfolios.TakeawaysAnne-Michelle is passionate about helping people live purpose-driven lives.Investing in Panama offers unique tax benefits for foreigners.The senior housing project aims to redefine elder living.Financing in Panama differs from the U.S., with fewer mortgage options.The anticipated cost for the senior housing project is around $7 million.There is a significant gap in the senior housing market in Panama.Cultural diversity in Panama enhances the living experience.COVID-19 restrictions were manageable in rural Panama.Insurance in Panama is affordable but harder to obtain.The Panamanian real estate market is expected to boom in the coming years.Chapters00:00 Investing in Panama: An Overview01:32 Project Development: Active Agers Community04:40 Financing and Partnership Structures 07:23 Market Gaps and Opportunities in Senior Housing10:24 Legal and Regulatory Considerations13:44 Risk Management in International Real Estate16:29 Cultural Insights and Cost of Living19:21 Insurance and Natural Disaster Preparedness22:24 Taxation in Panama for Expats25:45 The Future of Panamanian Real Estate29:01 Infrastructure Developments and Tourism Growth31:34 Investment Opportunities in Panama35:19 Healthcare in Panama: A Comparative Insight38:50 Investment Project Overview and OpportunitiesAnne's LinkedIn: https://pa.linkedin.com/in/cr8grtsuccessAnne's Website: https://www.passive-profit-partners.com/Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
73
Short Term Rentals (STRs) with the GOAT!
In this episode, Tanh dives headfirst into the world of short-term rentals with none other than Mike Brockway, a real estate pro with a wealth of experience. Whether you’re just starting out or looking to refine your strategy, this episode is packed with actionable insights to help you crush it in the short-term rental game.Here’s what we cover:Introduction to Short-Term Rentals: Why this market is booming and how to get started.Mike Brockway’s Journey: From his first deal to becoming a short-term rental expert.Understanding the Market: What makes a property a winner in this space.Financing Your First Property: Tips to secure funding and get your foot in the door.Creative Strategies: How to stand out in a competitive market.Managing Costs and Furnishing: Balancing quality and budget to maximize ROI.Navigating Risks: Dealing with market saturation and staying ahead of the curve.Customer Satisfaction: The art of handling reviews and keeping guests happy.If you’ve ever thought about jumping into short-term rentals, this episode is your roadmap. Tune in and learn how to build a profitable, sustainable business in this exciting space!Follow Mike's journey on Instagram: @mbrockway120 Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
72
Live Retail Deal Review!
In this episode, I’m joined by the brilliant Alvaro as we roll up our sleeves and dive deep into a retail deal in Texas. We’re breaking down the numbers, the strategy, and the thought process behind this investment. From analyzing the market to identifying opportunities and risks, this is a masterclass in how to approach retail real estate deals with confidence.Whether you’re new to commercial real estate or a seasoned pro, this episode is packed with insights, lessons, and actionable takeaways that’ll level up your investing game.Tune in to hear how we dissect this deal, the challenges we faced, and why Texas continues to be a hotbed for retail opportunities.Here's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
71
Going Deep into Retail
In this conversation, Tanh, Alvaro, and Matt discuss their experiences and strategies in the real estate investment sector, focusing on commercial properties. They explore the transition from other careers into real estate, the importance of evaluating deals, and the nuances of managing a diverse portfolio. TakeawaysAlvaro and Matt work at Eisenberg and Company, focusing on middle market real estate.Tanh transitioned from a pharmacy career to real estate investing.Evaluating commercial real estate requires understanding market dynamics and tenant needs.Building relationships with brokers is crucial for accessing off-market deals.Cash flow analysis is essential for determining investment viability.Understanding tenant types helps in structuring leases and TI negotiations.Market research is vital for assessing property values and potential returns.Every property has unique characteristics that affect its investment potential.Networking and continuous learning are key to success in real estate investing.Chapters00:00 Understanding Capital Raising Dynamics00:39 Insights into Real Estate Capitalization Strategies03:20 Transitioning from Pharmacy to Real Estate05:53 Evaluating Commercial Real Estate Deals08:10 Sourcing and Analyzing Investment Opportunities16:24 Navigating the Commercial Real Estate Landscape20:04 Evaluating Commercial Properties25:06 Understanding Tenant Dynamics28:59Tenant Improvements and Negotiations32:14 Building Relationships in Real EstateHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
70
The Power of Networking
In this episode, Tanh discusses the transformative power of networking, emphasizing its importance in both personal and professional growth. The conversation covers the fundamentals of networking, effective strategies for building meaningful connections, and the role of social media in enhancing networking efforts. The host shares personal experiences and insights on how networking can lead to job opportunities, mentorship, and investment prospects, ultimately encouraging listeners to take action and expand their networks. Takeaways 1. Networking is a game changer in achieving goals. 2. Building relationships is more than just exchanging contacts. 3. Networking provides access to job opportunities and partnerships. 4. You can learn valuable lessons from everyone you meet. 5. Networking offers emotional and professional support. 6. Improving communication skills is a key benefit of networking. 7. Networking can lead to investment opportunities and insider knowledge. 8. Authenticity is crucial in networking. 9. Follow up with contacts to maintain relationships. 10. Leverage social media to enhance networking efforts. Chapters 00:00 The Power of Networking 02:31 Building Meaningful Connections 05:18 Effective Networking Strategies 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
69
How I Found My Mentor
In this conversation, Tanh shares his journey of finding a mentor in the real estate industry after feeling lost following a partnership breakup. He recounts how he met his mentor at a poker game, the steps he took to connect with him, and how their relationship evolved into a strong partnership. Tanh emphasizes the importance of mentorship and the value of adding value to the mentor-mentee relationship. Takeaways 1. Mentorship is crucial for personal and professional growth. 2. Networking can lead to valuable connections. 3. Persistence is key in building relationships. 4. Adding value to your mentor can strengthen the relationship. 5. Finding a mentor in your field can provide guidance. 6. Real estate can be complex; having a mentor helps navigate it. 7. Building a friendship with your mentor can lead to collaboration. 8. Engaging in shared activities can deepen connections. 9. Learning from others' experiences is invaluable. 10. Gratitude towards mentors can foster lasting relationships. Chapters 00:00 The Importance of Mentorship 02:48 Finding the Right Mentor 05:29 Building a Relationship with Your Mentor 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
68
The Investors Come First! (Envoy Circle)
In this episode, Tanh discusses a significant real estate deal involving the acquisition of 16 office buildings in Jefferson Town, Kentucky. He provides insights into the property’s demographics, market trends, and financial projections, while addressing the current state of the office space market post-COVID. Tanh emphasizes the importance of understanding local market dynamics, risk management, and prioritizing investor returns in real estate investments. Accredited investors are welcomed to join the opportunity! TakeawaysThe deal involves acquiring 16 office buildings for $4.2 million.The property is currently 70% occupied, indicating potential for growth.Suburban office spaces are experiencing a revival post-COVID.The average household income in Jefferson Town is around $92,000.The local unemployment rate is impressively low at 3.8%.Financial projections are based on conservative underwriting principles.The strategy includes holding the property for at least a year.Investor returns are prioritized over operator fees.The market for smaller office spaces remains strong.Understanding local market dynamics is crucial for success in real estate.Chapters00:00 Introduction to the Deal07:08 Exploring the Suburban Office Market14:25 Strategic Execution and Investor PrioritizationHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
67
Should I Have A Mentor/Coach?
This conversation delves into the significance of mentors and coaches in personal and professional development. It emphasizes the importance of due diligence when selecting a mentor or coach, the role they play in providing guidance, accountability, and networking opportunities, and how they contribute to personal growth and success. Takeaways 1. Mentors and coaches can significantly shorten your learning curve. 2. They provide accountability and motivation when you need it most. 3. Having a mentor is like having a personal GPS for your journey. 4. Coaches help you avoid pitfalls by sharing their experiences. 5. Accountability partners push you to achieve more than you thought possible. 6. Mentors enhance your networking opportunities and open doors. 7. They challenge you to step out of your comfort zone. 8. Personal growth is a key benefit of having a mentor. 9. Investing in a coach is investing in your future success. 10. Mentors and coaches are not a luxury; they are a necessity. Chapters 00:00 The Value of Coaches and Mentors 02:39 Understanding the Role of Mentors 05:14 Accountability and Motivation in Success 06:23 Networking and Personal Growth through Mentorship 🔋 Support My Channel 🔋 Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2h Sats via Strike: https://strike.me/tanh Dollars via Paypal: https://www.paypal.com/paypalme/tanht Dollars via Venmo: https://account.venmo.com/u/tanh-truong 🌍 Website: https://www.wontonwealth.com ✖️ X: http://www.x.com/tanhtruong 📷 IG: http://www.instagram.com/pro_tanh 🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/ ❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
-
66
What *Not To Do* As An Investor!
In this conversation, Tanh Truong and Kyle Stevie discuss the challenges and experiences in the freight brokerage industry, the intricacies of investing in Bitcoin mining, and the future of blockchain technology in real estate. They explore the importance of regulatory compliance, the role of tokenization in real estate transactions, and the impact of decentralized systems on the economy. Kyle shares lessons learned from his experiences with tenants and the importance of networking in investment opportunities.Takeaways1. Daily grind can be exhausting but rewarding.2. Freight brokerage can be a challenging industry.3. Investing in Bitcoin mining has its risks and rewards.4. Blockchain technology is evolving and impacting real estate.5. Tokenization can make real estate transactions more efficient.6. Regulatory compliance is crucial for blockchain companies.7. Networking is essential for success in investing.8. Real estate investments come with unique challenges.9. Trust is vital in business relationships.10. Decentralized systems may shape the future of the economy.Chapters00:00 The Grind of Daily Life02:39 Navigating the Freight Brokerage World05:39 Investing in Bitcoin Mining and Blockchain Ventures08:36 The Future of Real Estate Transactions on Blockchain11:27 Understanding Conduit and Its Role in Tokenization14:23 The Evolution of Digital Assets and Tokenization17:18 The Impact of Regulation on Blockchain Innovation19:58 The Role of Stablecoins in the Economy23:05 The Future of Cryptocurrency and Adoption25:51 The Journey of Writing a Book on Tokenization28:41 The Potential of Tokenizing Real Estate Assets31:41 The Challenges of Regulatory Compliance34:36 The Future of Bitcoin and Cryptocurrency Regulation41:03 Mining and Tokenization in Real Estate43:39 The Future of Decentralized Networks48:37 Centralization vs. Decentralization in Global Politics49:47 Real Estate Challenges and Opportunities01:03:16 Lessons Learned in Investment and BusinessHere's the link to my book: Value Over VolumeWant to learn more about CRE? CRE CourseUse Code for 10% off: tanhtruong https://www.amazon.com/Digital-Melting-Illiquid-Through-Tokenization/dp/B0BW31GKJL?sr=8-1🔋 Support My Channel 🔋Bitcoin: bc1pe8ejjypqem83tupwurs68jlchwsh0889mfjgpxss7xentgcfwkpstv5y2hSats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.
We're indexing this podcast's transcripts for the first time — this can take a minute or two. We'll show results as soon as they're ready.
No matches for "" in this podcast's transcripts.
No topics indexed yet for this podcast.
Loading reviews...
ABOUT THIS SHOW
Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice.Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.
HOSTED BY
Tanh Truong
Loading similar podcasts...