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  • BPI Episode #16: Smart Questions, Safe Investments: How to Assess Deals Effectively

    BPI Episode #16: Smart Questions, Safe Investments: How to Assess Deals Effectively
    2025/06/19
    In this episode, Wayne Courreges III discusses how to evaluate investment deals, focusing on identifying potential red flags that may indicate a deal is too good to be true. He emphasizes the importance of understanding promised returns, market comparisons, and the role of sponsors in the investment process. The conversation provides valuable insights for passive investors on how to approach deal evaluation and make informed decisions. Takeaways
    • Always question if a deal is too good to be true.
    • Look for promised returns backed by solid support.
    • Understand the importance of market comparisons.
    • Evaluate the performance of similar properties.
    • Ensure sponsors are investing their own capital.
    • Transparency in underwriting is crucial.
    • Be cautious of rushed decision-making.
    • Conduct sensitivity analysis for risk assessment.
    • Consider the role of third-party management in underwriting.
    • Utilize resources like passive investor coaching for education.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - What Makes A Real Estate Deal Too Good To Be True?
    • (00:09:12) - Passive Investment Coaching
    • (00:10:34) - Building Passive Income
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    11 分
  • BPI Episode #15: Behind the Deal: What Smart Investors Know Before They Buy

    BPI Episode #15: Behind the Deal: What Smart Investors Know Before They Buy
    2025/06/18
    In this episode, Wayne Courreges III discusses an exciting investment opportunity in real estate, highlighting the importance of thorough market analysis, due diligence, and the role of a strong team in successful property management. He emphasizes the need for investors to be educated and prepared to act quickly when opportunities arise, as well as the significance of maintaining transparency with investors throughout the investment process. Takeaways
    • Investors should be proactive in learning about real estate.
    • Strong broker relationships can lead to exclusive opportunities.
    • Understanding market conditions is crucial for investment success.
    • Location and cash flow are key factors in property evaluation.
    • A high debt service coverage ratio indicates financial health.
    • Due diligence is essential before raising capital for investments.
    • Google reviews can provide insights into property management quality.
    • A reliable team is vital for effective asset management.
    • Transparency with investors builds trust and confidence.
    • Continuous learning is important for successful investing.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - CREI Partners: Exciting Investment Opportunity
    • (00:10:22) - A Passive Investment: The Process Behind a Deal
    • (00:12:42) - Building Passive Income
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    14 分
  • BPI Episode #14: How to Read an Offering Memorandum (OM)

    BPI Episode #14: How to Read an Offering Memorandum (OM)
    2025/06/17
    In this episode, Wayne Courreges III discusses the importance of understanding the offering memorandum in real estate investing. He emphasizes the need to thoroughly review the private placement memorandum, subscription agreement, and company agreement before making an investment. The conversation covers key components of the offering memorandum, including the business plan, financial projections, capital stack, and risk assessment, providing listeners with essential insights for making informed investment decisions. Takeaways
    • Understanding the offering memorandum is crucial for real estate investing.
    • Investors should not just sign documents without understanding them.
    • The private placement memorandum contains vital information about the investment.
    • The business plan outlines how the investment will generate revenue.
    • Financial projections should be detailed and clear.
    • Understanding the capital stack is essential for assessing risk.
    • Investors need to be aware of market risks and property-specific issues.
    • Alignment between presentations and documents is a red flag.
    • Investors should feel comfortable with the investment timeline.
    • Resources like passive investor coaching can accelerate learning.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - What To Read An Offerment Memorandum
    • (00:07:00) - Offering Memorandum
    • (00:10:28) - Capital Stack
    • (00:11:59) - Reading the Offerment Memorandum
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    15 分
  • BPI Episode #13: Red Flags in Deal Presentations

    BPI Episode #13: Red Flags in Deal Presentations
    2025/06/16
    In this episode, Wayne Courreges III discusses the essential aspects of passive investing in real estate, focusing on identifying red flags in investment opportunities. He emphasizes the importance of due diligence, understanding business plans, and evaluating the transparency and track record of sponsors. The conversation aims to equip listeners with the knowledge to make informed investment decisions and recognize potential risks. Takeaways
    • Passive investors must evaluate the sponsor and the deal.
    • Unrealistic rent growth assumptions are a red flag.
    • Understanding the business plan is crucial for investors.
    • Due diligence should include detailed property assessments.
    • Transparency in sponsor fees is essential for trust.
    • Guaranteed returns in real estate are unrealistic.
    • A sponsor's track record is vital for investor confidence.
    • Investors should be wary of overly polished pitches.
    • Risks should be clearly communicated in investment proposals.
    • Education and asking the right questions are key to successful investing.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - Passive Income: Real Red Flags
    • (00:02:10) - Red flags in real estate investment
    • (00:07:36) - Sponsor Fees
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    14 分
  • BPI Episode #12: What You Need to Know Before Investing in Real Estate Syndications

    BPI Episode #12: What You Need to Know Before Investing in Real Estate Syndications
    2025/06/13
    In this episode of the Building Passive Income podcast, Wayne Courreges III discusses essential questions to ask before investing in real estate. He emphasizes the importance of understanding the business plan, investment classes, preferred returns, exit strategies, risks, and the team dynamics involved in a deal. The conversation aims to educate both new and experienced investors on making informed decisions in passive investing. Takeaways
    • Evaluate the sponsor and the deal before investing.
    • Understand the business plan and its components.
    • Know the minimum investment required for different classes.
    • Preferred returns and equity splits are crucial to understand.
    • Exit strategies should align with your investment horizon.
    • Assess the risks involved in the investment.
    • Identify key team members and their roles.
    • Communication with the sponsor is essential for transparency.
    • Real estate investing requires education and asking the right questions.
    • Investing in real estate has historically been a sound strategy.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - 5 Questions To Ask Before Investing
    • (00:04:43) - Minimum Investment- Investing Basics
    • (00:06:03) - Preferred Share Split and Equity Split
    • (00:08:48) - Property Buyers: What Are the Exit Strategies?
    • (00:10:13) - Private Placement Memorandum
    • (00:11:15) - Should You Invest In Commercial Real Estate?
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    15 分
  • BPI Episode #11: Navigating Market Cycles with the Right Real Estate Sponsor

    BPI Episode #11: Navigating Market Cycles with the Right Real Estate Sponsor
    2025/06/12
    In this episode, Wayne Courreges III discusses the critical aspects of selecting a sponsor for real estate investments. He emphasizes the importance of a sponsor's track record, transparency, and integrity in managing investments. The conversation covers how to evaluate a sponsor's experience, communication style, and ability to navigate market cycles, ultimately guiding passive investors to make informed decisions. Takeaways
    • The right sponsor is crucial for investment success.
    • Track record matters, but team experience is also important.
    • Transparency in communication builds trust with investors.
    • Understanding market cycles helps assess sponsor reliability.
    • Skin in the game indicates a sponsor's commitment.
    • Good communication is essential for investor confidence.
    • Evaluating past challenges faced by sponsors is key.
    • Integrity is vital in handling both good and bad news.
    • Investors should feel comfortable with their sponsors.
    • Access to information is a right for passive investors.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:01) - What to Look For In A Real Estate Sponsor?
    • (00:04:44) - The Track Record of Sponsors
    • (00:06:56) - Looking for a Commercial Real Estate Sponsor
    • (00:10:46) - General Partners: What's Their Asset Management Level?
    • (00:12:40) - Sponsor Integrity
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    16 分
  • BPI Episode #10: Smart Money Moves: Navigating Fees and Returns in Syndications

    BPI Episode #10: Smart Money Moves: Navigating Fees and Returns in Syndications
    2025/06/11
    In this episode of the Building Passive Income Podcast, Wayne Courreges III discusses the intricacies of compensation structures in real estate investments. He emphasizes the importance of understanding various fees, including acquisition and asset management fees, and the significance of transparency in these charges. The conversation also covers preferred returns, equity splits, and the processes involved in refinancing and selling properties. Wayne encourages listeners to educate themselves on these topics to make informed investment decisions. takeaways
    • Understanding compensation is crucial for passive investors.
    • Fees are necessary to maintain operations and transparency.
    • Acquisition fees typically range from 1% to 3% of the purchase price.
    • Asset management fees are usually 2% to 3% of gross revenue.
    • Preferred returns ensure investors receive cash flow first.
    • Equity splits align interests between general and limited partners.
    • Negotiating terms can be challenging for smaller investors.
    • Refinancing and sales are additional revenue sources for partners.
    • Transparency in fees builds trust with investors.
    • Education is key to successful passive investing.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - General Partners Compensation
    • (00:02:25) - Reasons Real Estate Sponsors Should Consider Acquisition Fees
    • (00:05:32) - Preferred Partner Equity Split
    • (00:07:47) - General Partners: Non-Profit Compensation
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    13 分
  • BPI Ep #9: Thriving in Tough Times: Why Now’s the Time to Invest

    BPI Ep #9: Thriving in Tough Times: Why Now’s the Time to Invest
    2025/06/10
    In this episode of Building Passive Income, Wayne Courreges III discusses the current landscape of commercial real estate investing, emphasizing the opportunities available despite market challenges. He shares personal experiences of successful investments during tough times and highlights the importance of education and community in navigating the real estate market. Wayne encourages listeners to take action and seize the moment to invest wisely, particularly in growing markets like Houston and San Antonio. Takeaways
    • Investors who bought during downturns have thrived.
    • Current market conditions present unique opportunities.
    • Fixed-rate debt acts as an inflation hedge.
    • Cap rates have stabilized, creating new norms.
    • Education is crucial for successful investing.
    • Focus on growing markets like San Antonio.
    • Risk is inherent, but opportunities abound.
    • Networking is key to finding good deals.
    • Investing now can lead to significant future gains.
    • Real estate cycles are longer than stock market fluctuations.
    Chapters
    • (00:00:00) - Building Passive Income
    • (00:01:00) - Active Real Estate: The Exciting Time to Buy!
    • (00:06:55) - Real Estate Investment: Building Passive Income
    • (00:10:19) - Building Passive Income
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    11 分