Advertise on podcast: How Did They Do It? Real Estate

We’re back for another week of sharing knowledge about real estate investing! Josh Kristoff will kick off this week with his expertise in the hospitality space, vacation rental property management, the long-term benefits of short-term rentals, and building partnerships. Learn more from this episode and stay on supporting the show! Key Points & Relevant Topics Josh’s background in the US Navy and the start of his investing journeyWhat it’s like to structure a business partnership with someone you knowRaising capital in a syndication deal for the first timeWays to manage and market a short-term rental and hospitality business The evolution of property management companies in the short-term rental spaceThe freedom and flexibility real estate investing can provide Resources & Links AirDNAVrboApartment Syndication Due Diligence Checklist for Passive Investor About Josh Kristoff Josh graduated from the United States Naval Academy (Beat Army!) with a BS in Quantitative Economics. He spent 7 years in the US Navy as a Surface Warfare Officer. Josh transitioned from the Navy and ran operations and business development for a manufacturing company in his hometown of Syracuse, NY. It was two years of record growth there before Josh and wife Kassandra knew they wanted to join the digital revolution and went straight to the heart of it all in San Francisco where they first met best friends and current Nomad Capital Ventures business partners, Jered & Carly DaCosta, and family.  Josh's first tech job was at early-stage HomeSuite, think Airbnb for monthly furnished rentals (before Airbnb started doing it) – he ran all things automation on the supply side. His love for building automation tools saw him on to Cisco Meraki, a growth business unit powering Cisco’s current strategy. He built a team of technical program managers and drove several strategic data projects across the organization. Concurrent with his time at Meraki, Josh earned his MBA from The Wharton School as a double major in Business Analytics and Joint Marketing and Operations Management.  In 2020, the pandemic enabled remote work and Josh & Kass knew they would go straight to the Beaches of Jax, FL – originally their first Navy duty station and where they got engaged, now a new homebase for them and their four kids. They executed in rapid succession four deals, two syndicated, and bid farewell to their W-2's to fully focus on their business and family.  As of 2023, NCV collectively has $60MM under management and their hospitality brand, Nomad Hospitality, has almost 100 listings. Josh loves the Jax communities and every aspect of their businesses, from underwriting deals, working with investors, overseeing renovations, implementing software systems, and of course delivering 5-star experiences.  Get in Touch with Josh Website: https://www.nomadcapitalventures.com/ Property Management Website: https://www.nomadhospitality.co/Realty Website: https://www.nomadjax.com/ LinkedIn: Josh Kristoff To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

What gives people enough reason to leave a lucrative job for real estate investing? Let’s hear it from Alvin Scioneaux, Jr., joining us today to talk about a huge step he had to take to start living life on his terms. This episode delivers so much value about nurturing a growth mindset, overcoming what holds people back from investing in real estate, and top-tier advice from Alvin on how to succeed in the investing space, career shift, and decision-making. Don’t miss out on every guidance towards the right direction to your success! Key Points & Relevant Topics Alvin’s background as an athlete and aerospace engineer, and his discovery of real estate investingWhat made Alvin decide to invest in real estate despite having good and high-paying careersA quick overview of how Alvin started from single-family to commercial multifamily spaceResidential vs. commercial: Their differences in terms of acquiring loans, scalability, and income potentialThe benefit of forming a partnership when investing out-of-stateA valuable advice for people with a successful full-time job planning to invest in real estateTwo things people and investors need to cultivate a growth mindsetWhat is “NBS” and why it’s important in moving forward in life and achieving goalsThe importance of being a lifelong learner and sharing knowledge in real estateAdvantages of knowing how to communicate and network with people Resources & Links Free e-book: Financial Athlete’s Guide to Passive Real Estate InvestingApartment Syndication Due Diligence Checklist for Passive Investor About Alvin Scioneaux, Jr. Alvin Scioneaux, Jr. is a force of diverse passions and talents. He was born & raised in St. John Parish, Louisiana, and is currently a real estate investor and author. He previously worked for 8 years as an Aerospace Engineer with a Master’s Degree in Mechanical Engineering from San Diego State University. He serves on the regional executive board for the National Society of Black Engineers while also being a traveling public speaker, where he engages with various schools and programs.  In his career prior, Alvin was an All-American student-athlete who majored in Physics at Wofford College, then moved onto being an NFL linebacker with the LA Chargers. He transitioned to serving as a Fitness Coach, helping people on their fitness and nutritional journey, as well as a Model & Actor, working on various promotional and commercial projects.  Alvin has gone from receiving over $2 million in scholarships, being inducted into his collegiate Hall of Fame, and playing in the NFL to now philanthropy, giving back towards scholars and athletes while running a multi-million dollar real estate business. He is also a proud executive member of Omega Psi Phi Fraternity Inc. and the NFL Players Association.  Get in Touch with Alvin Website: https://www.imperiumfortune.com/ / https://www.financialathletecapital.com/Facebook: Alvin Scioneaux Jr.Instagram: @a1scioneauxLinkedIn: Alvin Scioneaux, Jr., M.S. To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Be inspired to achieve your goals through real estate with our guest today, CJ Calio. He converses about the realizations that shifted his life path into real estate investing, the strategies he had to utilize to expand his portfolio faster, and his unique approaches to raising capital and leveraging other people’s money. Acquire tons of value from CJ’s wisdom, investment philosophy, mindset, and success strategies! Key Points & Relevant Topics CJ’s life as a full-time worker, family man, and the beginning of his journey as an investorThe power of joining meetups and networking groupsHow the BRRRR strategy and leveraging Other People’s Money (OPM) helped CJ grow his portfolio quicklyWhy you should raise capital in a way you’re presenting opportunities to investorsThe investing principles WNN Properties promotes to the real estate spaceWNN Properties’ live events and mentorship programsThe positive changes in CJ’s life and health that were provided by investing in real estate Resources & Links To learn more about CJ’s mentorship programs and upcoming live events, visit https://wnnproperties.com/contact-us/. Apartment Syndication Due Diligence Checklist for Passive Investor About CJ Calio CJ Calio is a buy-and-hold, out-of-state specialist who focuses on creating portfolios of cash-flowing-producing properties out of state. He is the proud owner of WNN Properties LLC, a mentorship/consulting company. They are active real estate investors who will lead through action and hold you accountable to achieve your goals. CJ and his wife have been able to quit their day jobs and live their dream of being full-time investors while spending more time with their three wonderful children. They now focus on helping others to do the same.  Get in Touch with CJ Website: https://wnnproperties.com/ Instagram: @wnnproperties To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

From being a full-time police officer to an investor, Joseph Cornwell shares his journey of achieving financial stability starting from rehabbing one single-family property. This episode covers performing value add to an investment property, valuable ideas when hiring a contractor, buying and holding properties, and the ideal partner that will help you scale and grow in real estate. Key Points & Relevant Topics Factors that motivated Joseph to invest in real estateWhy Joseph decided to start a general contracting businessJuggling a full-time job with real estate investing and other businessesWhat does “heavy value add” mean in real estateThings investors must be looking for and expect from a contractorJoseph’s transition from single-family to larger and mid-sized multifamily Having the right business partner and building relationshipsBiggest challenge of scaling to larger multifamily dealsThe key to succeeding in real estate despite having mistakes Resources & Links Apartment Syndication Due Diligence Checklist for Passive Investor About Joseph Cornwell Joseph was a full-time police officer based in Cincinnati, Ohio from 2011-2021. He began real estate investing in 2016, got his real estate license and started buying small multi-families, duplex, 4plex, etc. He began a general contracting business in 2018 and scaled his businesses and portfolio until he was financially free in 2021.  He now has 125 units in 13 properties ranging from single families to 40 units valued around 8MM. He sells around 8MM annually in investment property, and they do around 2MM a year in the general contracting business.  Get in Touch with Joseph Facebook: Realty One StopFacebookPrivate Group: Realty One Stop MastermindInstagram: @joecornwellreLinkedIn: Joseph Cornwell To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Today, we’ve invited Lindsay Lovell, a coach, speaker, real estate investor, co-founder, and CEO of 3 businesses. Owning 36 doors after 18 months, she’ll prove that quick growth is possible in short-term and long-term property rentals with proper guidance and strategies. Now, she joins the show to share how she achieved all her success in the investing space, diversification approaches, and ways for you to start building your financial future.  Key Points & Relevant Topics Lindsay’s background and the introduction to her fast-growing portfolioThe difference between a home and a rental or investment propertySome effective ways to start a rental businessThe importance of having a team when you’re investing out-of-state or out of your backyardSteps to building an out-of-state real estate team Financing strategies for beginners in real estate investingWhat makes single-family and small multifamily ideal for rental businessHow does acquiring conventional bank loans work for married couplesSenior living homes as a great strategy for diversifying a portfolio Resources & Links BiggerPocketsApartment Syndication Due Diligence Checklist for Passive Investor About Lindsay Lovell Lindsay had an explosive, successful start in real estate investing. In just the first 18 months, Lindsay scaled from zero to 36 doors, reaching her goal of financial freedom along the way. She started with a focus on the BRRRR method, and then quickly expanded into flips, STRs, joint ventures, and passive investments. Now, only two years later, her portfolio consists of 57 long-term rentals and 15 short-term rentals. Scaling this quickly involved leveraging various creative financing strategies including hard money loans, tapping into equity from BRRRRs, forming relationships with local banks, and even utilizing a self-directed IRA and self-directed Roth IRA.  Lindsay recently co-founded G-VI Capital Management, LLC which has over $15M in assets within 3 funds under management. The unique opportunity that G-VI Capital Management offers to investors is access to all the benefits of investing in various markets, with a blend of vacation rentals and long-term rentals, without any of the workload it takes to successfully run rentals. Additionally, Lindsay co-founded Wanderlust Stays, a co-hosting/vacation rental management company that oversees properties across the country.  Along this journey, Lindsay started The Millionaire’s March coaching, which has been able to bring to life her passion for helping other women learn how to reach financial independence.  She lives in San Francisco with her husband, Cory, and their two dogs Paxton and Piper. When not working on real estate, you can find Lindsay skydiving with Cory horseback riding, or traveling.  Get in Touch with Lindsay Website: https://themillionairesmarch.com/ To set up a free 30-minute investing strategy session, go to www.millionairesmarchfreestrategysession.com/ and book your call. To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

In this episode with Sonya Rocvil, our conversation focuses more on the property management side of the business. As an accountant, she discusses how she leveraged her skills to succeed as a new investor, her steps to educate herself, and her expertise in managing multifamily apartment investments. Sonya also covers effective strategies for managing tenant issues, multiple properties, and building a solid property management team. Don’t miss out on ways to mitigate your challenges and integrate all these tips into your journey! Key Points & Relevant Topics Sonya’s background in financial services and her start as an investorSteps Sonya had to take to gain her knowledge about real estate investingThe power of joining investing groups in the market you want to invest inEstablishing connection and good working relationship with your business partnerThe most critical aspects of operational and asset management’s successThings to consider to structure an effective meeting in your investing organization and its sole purposeManaging collection, rent issues, and other challenges with residentsChallenges of managing assets in today’s market Resources & Links Rich Dad Poor Dad by Robert T. KiyosakiApartment Syndication Due Diligence Checklist for Passive Investor About Sonya Rocvil Sonya Rocvil is the principal and founder of Bedrock Real Estate Investors, which specializes in the acquisitions and asset management of multifamily apartments in the United States. She has syndicated and operated six multifamily apartments totaling 462 units and has successfully life-cycled four of these apartment deals. She has also been an equity partner for multifamily investments totaling 438 units.  Sonya began her career as an auditor and later transitioned to finance at a Fortune 500 Company. She has been Adjunct Instructor for the NYU School of Professional Studies and is a Certified Public Accountant and licensed real estate agent.  Sonya holds a Master of Business Administration from Baruch College, Zicklin School of Business and a Bachelor of Science in Accounting from Rutgers University.  Sonya is a best-selling co-author of the book Push Beyond Your Limits. A frequent guest on podcasts and webinars, Sonya lives with her husband and two children in Brooklyn, New York.  Get in Touch with Sonya Website: https://www.bedrockreinvestors.com/ LinkedIn: Sonya Rocvil, CPA To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

If you missed listening to our real estate experts last month, visit the links below! https://bonavestcapital.com/podcast/ https://www.buzzsprout.com/1368325 Watch this recap episode on YouTube: https://www.youtube.com/watch?v=2rbUbnMrcrQ To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

With his nearly two decades of career in real estate, Evan Polaski joins the show to enlighten us about the pitfalls that he observed with operators and syndicators, his expertise as a limited partner in evaluating a good deal, and his sentiments on what the future of the real estate looks like. So, regardless of your role in the real estate investing business, there’s a ton to take advantage of from this episode! Key Points & Relevant Topics Evan’s extensive background in real estate investing across different aspects and asset classesEvan’s perspectives on the current real estate market environmentWhat should be your focus when determining a good deal? How a syndicator or operator’s work ethic can impact the deals’ performanceProblems with some syndicators underwriting and analyzing projected yields and returnsFactors affecting the operator’s ability to run and operate a dealInsights about the future of real estate in the next two yearsEvan’s current focus in real estateThe value of learning from mistakes, making better decisions, and taking action Resources & Links BiggerPocketsApartment Syndication Due Diligence Checklist for Passive Investor About Evan Polaski Evan is the Director of Investor Relations for Axia Partners, a diversified real estate fund operator focused on recession-resilient assets. As such, he spends his days working with investors to better understand their investment goals and background. With over 16 years in real estate, he has seen all sides of real estate from acquisitions, to capital raising on the equity and debt side, to operations, and actively invests himself. Feel free to connect with Evan on Linkedin, where he shares his insights into the syndication space, where both his professional career and personal investments primarily sit. Get in Touch with Evan Website: https://www.axiapartners.com/ LinkedIn: Evan PolaskiEmail: [email protected]  To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Delve into this episode as we feature Cole Farrell, an apartment investor who started young while in college, with his motivating story on how a mentor’s approach has led to his success today. Cole talks about his quick scalability from duplex to multifamily apartments, the value of being intentional as a young investor, capital raising tips, and insights on the current state of the market and interest rate. Key Points & Relevant Topics How Cole started in real estate investing at such a young ageThe mentorship that helped Cole learn every aspect of running investmentsThe importance of having commitment and grit when you invest as a student and full-time workerIdentifying good mentors and their true intentionChallenges of transitioning and scaling from small to bigger projectsWays to find the right coaches or mentorsValuable advice in raising capital in today’s real estate market and handling objections involved in itVolcan Capital: Its current focus markets and mission for investors Resources & Links Multifamily Mastery MeetupApartment Syndication Due Diligence Checklist for Passive Investor About Cole Farrell Cole Farrell is a full-time investor in real estate and is the founder of Volcan Capital. To date, he owns a portfolio of apartments valued at over $3,000,000 in PA. Cole has been involved in nearly all aspects of real estate.   He has a real estate license in PA where he did professional property management and construction for 2 years, plus owns a flipping/wholetail company for singles and small multifamily properties in PA where he completes $1-2M in projects a year. Cole has earned a bachelor's degree in finance as well as a master's degree in Administration.   He is the founder and host of the “Multifamily Mastery Meetup”, the largest local multifamily real estate investment association with several chapters under the brand and an online branch.  Get in Touch with Cole Website: https://www.volcancapital.com/ Email: [email protected] Facebook: Cole FarrellInstagram: @aptsonlyLinkedIn: Cole Farrell To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

Joining us today is a fantastic couple with a remarkable journey in real estate investing, Bryant and Tammy Dawson. We’ll delve deeper into their teamwork and how they lifted each other to grow their portfolio. Bryant and Tammy share their unique approaches to making fix and flip profitable, the power of self-education, renovation and construction strategies, and managing a large portfolio.  Key Points & Relevant Topics Bryant and Tammy’s real estate journey as a coupleHow Bryant started educating Tammy about real estate investingThe potential to grow as an investor from fixing and flipping homesA strategy to make a profit out of fixing and flipping propertiesBryant and Tammy’s next focus in real estateThe impact of real estate investing on Bryant and Tammy’s family lifeA valuable advice on facing challenges and objectionsIs there still an opportunity for future investors?The value of joining mastermind groups and mentorshipsWhy you should plan for a target and go bigger in real estate Resources & Links Rich Dad Poor Dad by Robert T. KiyosakiApartment Syndication Due Diligence Checklist for Passive Investor About Bryant and Tammy Dawson Bryant Dawson, first and foremost, is a father of two and is married to his high school sweetheart. He is also a highly accomplished professional with a proven track record of success in both the oil and gas industry and the real estate investment world. With over a decade of experience, Bryant has established himself as a leader in both fields, delivering exceptional results for his clients and partners.  Bryant’s success extends far beyond the oil and gas industry. Over the last decade, he has leveraged his skills and expertise to become a successful real estate investor. Through his commitment to careful research, strategic investment, and expert management, Bryant has built a real estate portfolio that consistently delivers strong returns to his clients and partners.   Over the last decade, Tammy Dawson alongside her husband Bryant Dawson, and 2 children have built a real estate empire that has brought them from having $0.00 AUM to over $50 MM-AMU. Tammy’s journey in real estate began with Bryant’s keen interest in single-family homes that needed repair. They started identifying opportunities for growth. She and Bryant purchased over 100 properties in their first year. They skillfully renovated them and increased their portfolio’s value.  With an eye for detail and a passion for turning houses into beautiful homes, Tammy has been instrumental in turning over 1,800 properties. Tammy alongside her husband has been training their children, Kira 17, and Trevon 16, over the past 6 years to know real estate investing. Both are currently growing their own portfolios.  Get in Touch with Bryant and Tammy Website: https://www.ingramcapital.fund/ LinkedIn: Bryant Dawson / Tammy Dawson To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

After over two years since his first guesting on the show, Stewart Heath is back to share the growth in his investments and more strategies to help you thrive despite the market’s volatility and dynamics. Stewart talks about how he started taking advantage of office spaces and buildings when the world was shut down by the global crisis and investing in multiple types of real estate investments as his diversification approach. Key Points & Relevant Topics A quick overview of the Harvard Grace Corporation and Harvard Grace Capital and what they do in the marketStewart’s focus market and asset classesWhat makes office spaces a functional asset class in the face of the Covid-19 pandemicBusiness plan and operational expenses involved in office or retail investingThe typical holding period and exit strategy for an office space/buildingOffice space lease agreement and options for tenantsHaving reserves to be prepared for vacancy or occupancy issues surrounding office investingHow money lending works in terms of financing officesPreferred investor returns in the office spaceWhy investing in multiple asset classes is a good strategy for syndicatorsTwo effective strategies for finding the best deals that will meet your investment criteria Resources & Links Stewart’s first appearance: SA297 | Leveraging Capital Structure Strategy in Real EstateApartment Syndication Due Diligence Checklist for Passive Investor About Stewart Heath Stewart Heath founded the Harvard Grace Corporation in 2010, which has since expanded into Harvard Grace Capital. HG Corporation still provides fractional C-level executive services to clients as well as general business consulting. Heath also sits on several boards, including HGC, Winsome Truth, The Shepherd’s Call, and Second Chance Sober Living. In 2016, Heath was recognized as a finalist for the Nashville Business Journal’s CFO Awards. Currently, Heath holds several fractional CFO positions.  Heath previously held positions as COO and CFO for companies in retail, real estate, manufacturing, corporate services, entertainment, and digital media. He earned his CPA license in 1987 and has since held several senior financial and operating positions. Heath also holds a B.S. in Business Administration from Auburn University.  He now runs Harvard Grace Capital, an idea that’s been close to his heart for a long time, in an effort to provide stability for investors and to engage in his community.  Get in Touch with Stewart Website: https://harvardgracecapital.com/ / https://stewartheath.com/ Calendly: https://calendly.com/sheath-harvardgrace  To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!

We’re excited to have Randy Langenderfer back on the show for the changes in his investment thesis, his continuous success and growth amidst the dynamic market cycle, and some of his strategies to keep diversifying his portfolio. Today, Randy shares his criteria for choosing a good deal as a limited partner, the steps he’s taking to mitigate the risks of being a general partner, and the asset classes he’s focusing on as his passive income sources.  Key Points & Relevant Topics Randy’s criteria and preferences in selecting the right markets and deals Things to look at when evaluating a deal sponsorDifferences between a good and a poor deal sponsorInvestors’ concerns about investing in multifamily and how GPs can make investors feel comfortable in today’s marketWhat operators need to focus on when screening tenants and operating propertiesThe importance of tracking cash balance and reserves for operatorsOther asset classes and passive income streams people can consider and what makes them a good investment for diversificationRandy’s valuable advice for future investors Resources & Links Randy’s first appearance: SA159 | Do’s and Don’ts of Passive InvestingApartment Syndication Due Diligence Checklist for Passive Investor About Randy Langenderfer  Randy is Founder and President of InvestArk Properties and general partner in 1,500 doors representing $250M in assets under management. He has invested in a total of over 3,000 units in TX, OK, AZ, SC and LA. His investment strategy focuses on providing the passive investor significant returns by improving communities using a safe and timetested approach. He is passionate about helping the busy professional achieve their goals in real estate and has been a part of several national educational programs and is currently a private multi-family coach.   He is a board member and previously served as the Chief Compliance and Audit Officer for a large academic medical institution in Houston, TX. He has a bachelor’s degree in accounting, Information Systems, an MBA in Finance, and is a CPA.  Get in Touch with Randy Website: https://www.invest-ark.com/ Calendly: https://calendly.com/randy-langenderfer Facebook: Randy Langenderfer LinkedIn: Randy Langenderfer  To Connect With Us Please visit our website www.bonavestcapital.com and click here to leave a rating and written review!