The Book Club Interview

The Hands-Off Investor by Brian Burke

Brian Burke is CEO of Praxis Capital Inc., a vertically integrated real estate private equity investment firm. Brian has acquired over half a billion dollars’ worth of real estate over a 30-year career, including thousands of multifamily units and more than 700 single-family homes, with the assistance of proprietary software that he wrote himself. Though he prefers to reposition existing multifamily properties, he has also subdivided land, built homes, and constructed self-storage. Brian is a licensed pilot, so when he isn’t investing in real estate, he can be found, literally, in the clouds.

 

Inside, you'll discover:

• The practical skills you need to understand income, cash flow projections, and investor waterfalls
• How to find syndication investment sponsors and how to evaluate them for the best possible opportunities
• Red flags to avoid and tricks that syndication sponsors don’t want you to know
• The biggest and most common underwriting mistakes that sponsors make
• How various debt options affect risk and return
• Typical sponsor fees and profit splits
• The tax implications of syndication investments
• How to measure alignment of interest, judge performance projections, and more!

 

Website: https://praxcap.com

Adapt with Blaine Strickland

Blaine Strickland is a lifetime veteran of the commercial real estate industry. After earning undergraduate and graduate degrees in real restate from the University of Florida, Blaine launched a career that has spanned forty years. He has played many roles along the way, including broker, manager, owner, investor, professor, syndicator, and developer. He became a CCIM designee in 1987 and a CCIM senior instructor in 2008. 

Adapt invites the consideration of everyone who touches the commercial real estate brokerage industry. Real-estate owners, property managers, investors, lenders, users, venture capitalists, academic institutions, and all the peripheral vendors who interact with commercial real estate agents will benefit from thinking about the future of those agents. Many of these allied groups will be affected by—or potentially advance—the imminent disruption of the industry. The future that I examine will affect all these stakeholders.

Where Thrive is written as a how-to book, this book has a what-if

message and preparing for the future. Adapt explores an entirely

new set of questions of what lies ahead, changes that are coming, and how we can adapt to the reshaping of the industry. 

 

In the book Adapt, Blaine organizes the 9 forces into three groups:

The transformation of our clients

The activities of the biggest players in the arena

The demographic evolution of our work force

 

Blaine Strickland website: https://www.hbs-resources.com

Book release: 3/20/2020

 

The New Rules of Real Estate Investing

The New Rules of Real Estate Investing provides both aspiring and current real estate investors with the hard-won lessons and wisdom of successful real estate investors. These accomplished entrepreneurs openly share their biggest wins and failures, their daily productivity habits, and what they would do over again if they could. This book provides a shortcut for those who want to avoid common mistakes and fast-forward their success. Chris Prefontaine, an industry leader in the lease-purchase, owner financing, and subject-to-terms business, shares his secrets from 25+ years in real estate that can be applied to any niche. From simple yet life-changing insights like starting your day with meditation and exercise to the admonishment of "stick to the scripts" when calling prospective buyers and sellers, Chris, along with his son Nick Prefontaine and son-in-law Zach Beach, offers easy-to-follow advice for starting or scaling your real estate business. Fitting with the family's core business value's, they offer blunt, transparent experience for you to learn from. The entrepreneur's entrepreneur Joe Fairless, AirBnB innovator Brian Page, tech pioneer Dan Schwartz, Little Things Matter author Todd Smith and a slew of other industry leaders also share their wisdom, compassion, and even kick you in the pants with their proven formulas for success in business and in life. Learn how to build your day with discipline and positivity, choose the right mentor, turn mistakes into opportunity, and achieve an income well beyond your expectations. This is the book that will change how you see real estate investing, and put you on a path to your dreams. Get all of the free resources at http://www.thenewrulesbook.com

 

The New Rules of Real Estate Investing provides both aspiring and current real estate investors with the hard-won lessons and wisdom of successful real estate investors. These accomplished entrepreneurs openly share their biggest wins and failures, their daily productivity habits, and what they would do over again if they could. This book provides a shortcut for those who want to avoid common mistakes and fast-forward their success. Chris Prefontaine, an industry leader in the lease-purchase, owner financing, and subject-to-terms business, shares his secrets from 25+ years in real estate that can be applied to any niche. From simple yet life-changing insights like starting your day with meditation and exercise to the admonishment of "stick to the scripts" when calling prospective buyers and sellers, Chris, along with his son Nick Prefontaine and son-in-law Zach Beach, offers easy-to-follow advice for starting or scaling your real estate business. Fitting with the family's core business value's, they offer blunt, transparent experience for you to learn from. The entrepreneur's entrepreneur Joe Fairless, AirBnB innovator Brian Page, tech pioneer Dan Schwartz, Little Things Matter author Todd Smith and a slew of other industry leaders also share their wisdom, compassion, and even kick you in the pants with their proven formulas for success in business and in life. Learn how to build your day with discipline and positivity, choose the right mentor, turn mistakes into opportunity, and achieve an income well beyond your expectations. This is the book that will change how you see real estate investing, and put you on a path to your dreams. Get all of the free resources at http://www.thenewrulesbook.com

 

Visit The Smart Real Estate Coach Website

Vivid Vision with Cameron Herold

Cameron Herold is a top business consultant, best-selling author, and speaker. He’s the mastermind behind hundreds of companies’ exponential growth and he’s touched thousands of businesses indirectly through his work.

At age 21, he had 14 employees. By 35, he’d helped build his first two 100 Million Dollar companies. By the age of 42, Cameron had engineered 1-800-GOT-JUNK?’s spectacular growth from $2
Million to $106 Million in revenue in just six years.

His companies landed over 5,200 media placements in those same six years, including coverage on Oprah.

Not simply a theory guy, Cameron teaches what he knows from experience and is passionate about sharing his expertise with 
today’s most dynamic business leaders.

This is a great podcast from Cameron, we talk about how his father was a big influence at a young age and how he groomed him to become an entrepreneur. When you tune in you will hear great stories from his father and how he was able to teach him to accomplish his dreams, despite not being able to focus in school.

This book will remain on my bookshelf as one of my favorite business books. It will help you provide you clarity within your life or business, while leaning out 3 years in the future, and being able to describe the business as if you were walking around it. This will help create your vision, so you can share it with the people in your culture to help you accomplish your goals. “When everyone can see what you can see, they’ll help conspire to make that come true.”

Also when you have an extra 20 minutes, check out his TED Talk. Especially if you have ever felt like you didn’t belong in school, or couldn’t focus, or felt like you didn’t belong.  https://www.ted.com/talks/cameron_herold_let_s_raise_kids_to_be_entrepreneurs

 

Listen here: https://podcasts.apple.com/us/podcast/the-book-club-interview/id1370130445

Website: https://www.cameronherold.com

His Podcast: https://podcasts.apple.com/us/podcast/second-in-command-the-chief-behind-the-chief/id1368800817

 

Other books Cameron has written to add to your library:

The Miracle Morning for Entrepreneurs

Double Double

Meetings Suck

Free PR

 

 

 

Being Chief with Rick Miller

Rick Miller is an unconventional turnaround specialist, a servant leader, and a go-to Chief. He is also a business coach, an author, a speaker, and an expert at driving sustainable growth.

 

Over 30 years, Rick served as a successful business executive in roles including President or CEO in a Fortune 10 (AT&T), a Fortune 30 (Lucent), a startup, and a non-profit. In each case, he was recruited from the outside to turn around poor performance in difficult times.

 

Rick currently serves as an Executive Coach in a company he founded 10 years ago. He is extensively connected within the global business and leadership communities. Rick helps senior leaders ask the right questions.

 

He offers tips and tactics in the recently released book Be Chief: It’s a Choice, Not a Title, named an Amazon #1 new release in both Leadership Training and Business Management categories.

 

Rick has earned a BA from Bentley University and a MBA from Columbia University.

 

I also recommend that you take the survey that Rick has on his site. The Power Compass Survey with help you gain clarity to become your own chief. I always find it valuable to keep our values in the forefront of our mind and business. “The real power comes from when we connect what we do to who we are.”

Take it for free here: https://beingchief.com/compass/

 

Website: https://beingchief.com/rick-miller/

Listen here: https://podcasts.apple.com/us/podcast/the-book-club-interview/id1370130445

Passive Investing In Commercial Real Estate with James Kandasamy

 

“Passive Investing in Commercial Real Estate: The Insider Secrets to Achieve Financial Independence is a must-read book for any passive investors who desire to be a smarter passive investor in syndicated commercial real estate investments specifically multifamily real estate. This book breaks down barriers of knowledge "cocoon" in different groups while revealing hidden secrets on how to achieve massive success in commercial real estate investment. If you are planning to invest passively or have been investing in commercial real estate, then the insider secrets laid out in this book will open your eyes to the nuances of getting started, aspects of different deals , choosing the right deal sponsors, risk management, market cycles, investment process, investment metrics and capital sources while shortening your learning curve.” 

James Kandasamy is the principal in Achieve Investment Group - a vertically-integrated real estate company, actively engaged in multifamily acquisition, asset management, property, and construction management. 

A well-known multifamily operator, James has over 4 years of multifamily experience, and 6+ years of experience in real estate overall. In addition, through his work, James has built a reputation for creative marketing tactics to find motivated sellers and unlock hidden value in multifamily operations.  

As for his specific accomplishments, James has identified, underwritten and overseen the acquisition process of over $65m of quality multifamily investments (a total of 6 assets). He’s also routinely led passive investors to an average IRR of more than 20% in past deals.  

Prior to real estate investing, James pursued a career in engineering - having earned a Bachelor of Science in Electrical Engineering(Hons) and MBA from reputable Universities

For more information on James Kandasamy - visit www.AchieveInvestmentGroup.com

 

Listen here: https://podcasts.apple.com/us/podcast/the-book-club-interview/id1370130445

House Hacking with Craig Curelop

Craig Curelop is the Finance Guy at Biggerpockets.com, a real estate investor, and a huge believer in the Financial Independence/Retire Early (FIRE) movement. As seen in The Denver Post and BBC, he is constantly searching for ways to optimize his life from a time and money perspective, and he loves to share this information with other people in pursuit of financial independence. Craig lives in Denver, CO and enjoys biking, snowboarding, sports, and hanging out with friends. 

Inside you’ll discover:

• What house hacking is and why it’s one of the best methods for building wealth
• The incredible connection between house hacking, wealth building, and early retirement
• How to get started house hacking—even with low income or low savings
• Strategies to house hack with a family, spouse, or on your own
• How to find the ideal house hack property—even in a competitive or expensive market
• The simple math behind a house hack property analysis
• Property management strategies to make ownership a breeze

My favorite quote: “What fulfills me is freeing up my time so that I can do what I want, when I want, where I want, with who I want. I want to travel the world and experience all that it has to offer. When it comes time to start a family, I want to be there 100 percent of the time for my kids. That means never missing a single at-bat at a little league game, never missing a recital or concert, and maybe even chaperoning a few field trips they go on while in school.” PG. 48

Book: https://www.biggerpockets.com/store/house-hacking-ultimate

Get the Loot and Run with Anthony Price

Anthony is an entrepreneur at the nexus of entrepreneurship, patient capital and community. He works with businesses across the U.S.

Anthony led economic development activities for major cities in Connecticut. His lending experience includes, loan origination, underwriting, servicing, and the workout of nonperforming loans. Anthony developed a deep knowledge of capital, whether it be debt or equity from community development financial institutions (CDFI), small business investment companies (SBIC), the U.S. Small Business Administration (SBA), business development companies (BDC), state, regional, municipal loan funds and equity. He knows how to put together deals for startups and established companies.

Anthony has sourced capital from public and private capital sources, including angel investors. He led his own economic development consulting firm and founded LootScout. Anthony's work has been featured on TV, radio, digital platforms, and business publications, including the Hartford Business Journal, Worcester Business Journal, New York Business Journal, Innovation Hartford, Crain's Connecticut, and Federal Reserve Bank of Boston.

Listen here: https://podcasts.apple.com/us/podcast/the-book-club-interview/id1370130445

Book here: https://www.lootscout.com/purchase-the-book/ 

Book:

Get the Loot and Run is the must-have book you need to find capital from little-known grants, low-interest loans, government funding, and one-of-kind bank programs. Anthony Price, the author, has helped raised millions of dollars for businesses. He started several businesses on a modest budget.  He did it, now you can with this book. 

Each chapter has a unique takeaway that summarizes the topic. Price covers must-read topics such as how to . . . Source Patient Capital Build a Business to Last Focus on One Thing Delight Customers Change the Rules and the Game Get the Loot & Run is for doers, believers and business builders. The book’s content is customizable to your needs. The concise, information-dense and insightful content is teeming with solutions for fast-growing businesses. In a matter of minutes, you’ll be ready to source capital and build the best business the world has ever seen.

LootScout:

LootScout seeks to solve the number one problem plaguing small business: access to capital. We exist to help you access billions of dollars in capital. LootScout is not a lender. We are a platform to streamline the lending process using state-of-the art technology to assist you in accessing capital from many sources, most not known to the general public, including grants. 

Our goal is to be the industry leader in sourcing capital for small business. What you see on the Web site today is only the beginning of new services to help you access capital, tools to grow your business, and information. LootScout is where business finds capital. Join now. Our team has expertise in accounting, finance, business development, economic development, marketing and the legal field. Put our team to work for you.

The Idiots Guide to Making Money with Rental Properties. Kimberly Veazey

In a world before Airbnb, Mrs. Veazey saw the business potential for residential rentals, and is a leading expert in furnished residential monthly leasing and business development. Mrs. Veazey  has spent more than 20 years developing award winning and nationally recognized businesses. Kimberly is a true pioneer and recognized leader in the corporate housing and personal real estate investment industries, as the founder and former CEO of AvenueWest Corporate Housing, AvenueWest Global Franchise and Corporate Housing by Owner.

 

In 1999, Mrs. Veazey founded and led as CEO, AvenueWest Corporate Housing, Inc., a multi-million dollar success story. A Colorado based company, AvenueWest Corporate Housing, Inc. provided real estate property management, real estate investment opportunities, hospitality services and leasing of furnished residential properties, offering full service corporate housing to upscale executive travelers in need of a monthly lodging solution. AvenueWest Corporate Housing, Inc. under the leadership and vision of Mrs. Veazey , was recognized by the Denver Metro Chamber of Commerce as the 2003Emerging Business of the Year, was ranked for 3 consecutive years on Inc. Magazine’s5000Fastest Growing Businesseslist, and in 2010 was recognized by the Corporate Housing Providers Association (CHPA) as an industry leader and awarded Provider Company of the Year. In 2018, Mrs. Veazey, was recognized by Think Realtymagazine as one of the top 7 Industry Influencers who are making a distinct and measurable difference in the way the real estate industry invests and how the industry as a whole is perceived by the public.

 

Inspired to help people find real estate investment solutions on a national basis, in 2005 Mrs. Veazey founded Corporate Housing by Owner, LLC: a national on-line resource dedicated to building a marketplace for this investment and lodging niche.   In 2006, CorporateHousingbyOwner.com(CHBO) was launched, the first-of-its-kind online portal connecting furnished monthly rentals and the traveling public.  In 2013, CHBO was recognized by CHPA as the AssociateCompany of the Year.  Ms. Smith led CHBO as its CEO until she sold her equity in 2017.

 

Driven by her passion to develop ideas, meaningful innovation and vision for corporate growth, in 2009, Mrs. Veazey founded a new franchise company, AvenueWest Global Franchise, LLC, enabling the national expansion of the AvenueWest Managed Corporate Housing business model. Mrs. Veazey led as CEO developing, managing and executing the corporate growth strategy.  In 2017, Mrs. Veazeynegotiated and executed the sale of AvenueWest Global Franchise, where she now serves in the role of Business Development.  In 2018, AvenueWest Global Franchise, LLC,was nameda Colorado Company to Watch, acknowledging the drive, excellence and influence of AvenueWestas a growing company in the state. Colorado Companies to Watch honors second stage companies that develop valuable products and services, create quality jobs, enrich communities, and create new industries throughout Colorado. Current AvenueWest offices are located in Phoenix, Atlanta, Fort Collins, San Francisco, St. Louis, Dallas, Denver, Denver South/DTC, Las Vegas, and Colorado Springs.  Continuing to expand the vision and foundation of what she has built, Mrs. Veazey is also now supporting the launch and management of the AvenueWest Investment Fund I.

 

Mrs. Veazey served for 5 years on the Board of Directors for the Corporate Housing Providers Association (CHPA), the primary trade organization for the $3.6 billion corporate housing industry, as the 2011 elected Chairman of the Board.  Think Realtymagazine has recognized Mrs. Veazey on their 2017 Top 10 Women to Watch and as a 2018 Innovative Industry Leader. Mrs. Veazey has been nationally recognized for her business success and her philanthropic endeavors and has been featured in media sources like the NY Times, LA Times, Denver Post, US News & World Report, MSNBC.com, CNBC and SmartMoney.com.   She was awarded the 2013 Denver Business Journal’sOutstanding Women in Business award for real estate, was the Denver Business Journal’s small business finalist in 2010, anda Denver Business Journal finalist in the prestigious “Power Book”.  Her book Making Money with Rental Propertieswas internationally published and distributed by Penguin Publishing Group.

 

A graduate of the Denver Metro Chamber of Commerce Leadership Denver Program 2002, Legacy Denver 2010 and multiple Colorado Experiences, Mrs. Veazey takes time to share her talents by working with numerous organizations and nonprofits.   In addition to serving on the Board of Directors for CHPA, she served on the Founders Committee for an entrepreneurship center at Denver University’s Women’s College, as a Board Member for Clinica Verde, a health innovation organization with centers in Nicaragua, and as an elected Director, for the Board of Directors at Ben Franklin Academy, a Pre-8 Core Knowledge, math and science charter school.  Mrs. Veazey supports numerous women’s organizations, educational and empowerment programs including an annual fundraiser for Dhaka Weaves - a women’s enterprise program in Nepal.  Locally she provides mentoring for startup businesses through her consulting practice PIPS: Peer, Innovation & Problem Solving.

Website:CorporateHousingbyOwner.com

https://www.avenuewest.com

Book: https://www.amazon.com/Making-Money-Rental-Properties-High-Potential/dp/1615644318/ref=sr_1_3?crid=1YYSERQKM3P1R&keywords=making+money+with+rental+properties&qid=1557434089&s=gateway&sprefix=making+money+with+rent%2Caps%2C123&sr=8-3

 

Building Legacy Wealth with Terry Moore

Terry Moore helps real estate investors make the most important financial choice of their next decade. He’s a top apartment broker who has received nine major recognitions, including Investment Broker of the Year, Deal Maker of the Year, Transaction of the Year, and CCIM of the Year. In January 2018, Terry received the inaugural Commercial Broker of the Year award from the San Diego Association of Realtors.

Terry has long advocated improving property. Over the years, nearly 100,000 residents have lived in apartments that were upgraded by his clients. All of his group investments made money for his investors. Each property he and Sandy have owned was in better shape when they disposed of the asset than when the property was acquired.

After earning his MBA at Southern Methodist University, Terry worked for the world’s largest bank, owned a hardware store, was a shopping center developer, and then became a hyperactive income property broker.

Terry has been a commercial broker since 1987. He earned the CCIM (Certified Commercial Investment Member) designation, which has been awarded to fewer than 5% of commercial investment brokers. He has been a member of the national CCIM faculty.

Terry’s articles have been published in national, state, regional, and local magazines. He wrote the “Trusted Advisor” column in the San Diego Daily Transcript and frequently contributes articles to the San Diego County Apartment Association’s Rental Owner.

He summited Kilimanjaro at 59 and took up triathlons after 60. In his spare time, he is on track to read 50 non-fiction books this year.

Terry is an owner of ACI Apartment Consultants Inc., San Diego’s most effective apartment brokerage firm.

Terry and Sandy have been married 40 years, have been rental owners for 37 of those years, and have been working in the same business daily for most of their marriage. They enjoy active living in San Diego, which will likely include more triathlons, as well as hiking in and out of the Grand Canyon again. Between them, they often read 100 books annually.

Website: https://buildinglegacywealth.com

Book: https://www.amazon.com/Building-Legacy-Wealth-Apartment-Investment/dp/1732196907/