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  • MMM Edition: The 3 R’s Every Investor Must Know — Retail, Rentals & Risk
    2025/12/16

    The fastest way to learn what really builds wealth? Put your hands on a live business and a real project—and learn to love the work. We open with retail not for nostalgia, but because it spotlights risk, revenue, and the difference between buying a business and buying yourself a job. You’ll hear why “revenue cures all” is more than a slogan, how to price a small business without fooling yourself, and why a franchise or brand moat can turn effort into equity. We dig into SBA and seller financing, the hidden cost of owner labor, and the smart way to avoid the cheap-deal trap.

    Then we pivot to rentals and the move into development. When value-add margins compress, construction skill becomes your edge. We walk through the ladder: years of flipping heavy rehabs, small new builds, and finally modest multifamily that teaches lessons without blowing up budgets. Land basis and entitlements drive appraised value, banks prefer multifamily over speculative office or retail, and co-GP’ing with an experienced sponsor can open doors when you don’t yet have the balance sheet. Returns look exciting—2x equity multiples for LPs and even bigger upside for GPs—but only if leverage stays disciplined and reserves are real.

    Underneath it all is a hard truth: cash flow alone won’t pay most people’s bills. Active income—brokerage, flips, or a real operating business—funds the holds that compound over time. We share the “Amazon chaos” method to manage spikes in workload, the speed tactics that still win MLS deals, and a candid take on why short-term rentals in certain markets often disappoint once the sugar high fades. If you want durable wealth, focus on repeatable revenue, protect your downside, and build skills before scale.

    If this hit home, follow the show, share it with a friend who’s eyeing their first development, and leave a quick review so more builders and operators can find us.

    VCap Real Estate Podcast

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    39 分
  • MMM Edition: $600k Under Ask and Doubling NOI with a 12-Unit off LoopNet with Cole Farrell
    2025/12/09

    Deals don’t just appear; they’re earned through follow‑ups that outlast everyone else’s attention span. We walk through how a forgotten LoopNet listing turned into a 12‑unit purchase in North Carolina, why the numbers made sense, and what it really takes to raise capital when inboxes are full and holidays steal focus. From underwriting the story behind sub‑600 rents in a market that supports four figures, to catching the hidden clues of mismanagement, every step is designed to turn operational chaos into durable cash flow.

    We get specific about the capital stack and conversion reality—why soft circles fade and how structured persistence wins. You’ll hear the outreach cadence, the messaging that moves hesitant investors, and the risk controls that make a value‑add plan credible: multiple PM options, an on‑ground GC who can slash repair costs, and reserves that cover the ugly surprises. Speaking of surprises, closing without keys and waking up to a broken main water line on day one sharpened the team’s response. The fix came fast and under budget because roles were clear and relationships were set before the wire hit.

    Choosing North Carolina wasn’t about hype; it was about inventory depth, demographic strength, and broker access that beats our home market’s capital-heavy competition. We tested the thesis on the ground, liked what we saw, and moved quickly: ten days to the first completed unit and leasing underway. The plan stays simple—full turns, RUBS, stronger collections, refinance, five‑to‑six‑year hold—while the mindset stays relentless: prioritize the most important next steps, believe in the process, and keep going until you get a yes or a no.

    If you’re scaling beyond your backyard or wrestling with a raise, this conversation lays out the playbook. Subscribe for more real, unvarnished multifamily tactics, share this with a partner who needs a nudge, and leave a review with your biggest out‑of‑state hurdle so we can tackle it next.

    VCap Real Estate Podcast

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    29 分
  • MMM Edition: How a $33K “Mistake” Turned Into Purchasing a 42-Unit at an Online Auction with Giang Nguyen
    2025/12/03

    A $33,000 foreclosure, a tree through the foundation, and a scientist who had never hired a contractor—Giang's origin story doesn’t sound like a straight line to financial freedom. Yet that messy first project sparked a shift to five-plus unit multifamily, where income drives value and disciplined operators can force appreciation. We walk through how she left a decade-long lab career, built cash flow to quit her W-2, and learned to turn fear into focused action.

    We go deep on the difference between two-to-four-unit “comp land” and five-plus-unit commercial where NOI rules. Yang explains why the five-to-ten-unit range is a sweet spot: overlooked by beginners, too small for institutions, and perfect for applying business fundamentals. She shares the biggest mistake that cost her money—buying a “cheap” single-family that triggered new-build codes—and the lessons that followed: cheap isn’t good, stay in your lane, and let operations set your upside.

    The standout story is a 42-unit purchase via an online foreclosure auction. With hard money at risk and a 35-day close, Yang set strict bid limits, underwrote with margin, and lined up property management and lenders before clicking “bid.” The result: a rapid stabilization, full-unit renovations, rent resets, and refis that more than doubled the valuation in under two years. Along the way, we break down the triangle of scale—deals, money, people—and how to build teams through referrals, mini-masterminds, and a rockstar PM who unlocks contractors, lenders, and on-the-ground reality.

    We also cover out-of-state investing systems, choosing markets by cap rates, direct flights, and your personal “you factor” that creates an edge. Finally, Yang opens the door to passive investing through One River Capital for listeners who believe in real estate but don’t want to wrestle with dumpsters, permits, or contractor roulette. If you want to control value, reduce guesswork, and build freedom with multifamily, this conversation gives you the strategies, mindset, and playbook to start moving today. Subscribe, share this with a friend who needs a nudge, and leave a review with your biggest takeaway.

    VCap Real Estate Podcast

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    31 分
  • MMM Edition: 25,000+ Direct Mail Letters a Month with Jason Reynolds
    2025/11/26

    What happens when a minor league ballplayer trades a shiny new car for a tired duplex—and then builds a real business from that bet? We sit down with Jason Reynolds to unpack how a $50k signing bonus became a launchpad for a scalable flipping operation, why active income beats slow-and-steady rentals early on, and the exact systems that keep deals moving from first call to closing table.

    Jason shares the pivotal shift from collecting doors to building a sales and marketing engine. We get into his flip criteria—why light rehabs can run on slimmer spreads while heavy rehabs demand $50k+—and how he funds growth with a smart stack: hard money in first position and private lenders in second to cover closing costs and cushions. If you’ve wondered how investors scale without tying up their own cash, this playbook demystifies the process without hype.

    We also dive deep into finding deals in a competitive market. Direct mail remains the workhorse at serious volume, but cost per contract has climbed, pushing fresh tests with Meta ads and continued cold calling. For first-timers, Jason offers a practical path: trade money for time, partner with wholesalers and agents, and use that first win to fuel marketing. On the sales side, his team runs a fully virtual process—intake call, underwriting, and a focused offer call—locking agreements via DocuSign before walkthroughs and renegotiating only when necessary. The real edge? Solve real problems like leasebacks, foreclosure timelines, and probate hurdles, and price becomes one part of a better plan.

    Operations bring the profit home. Jason now runs projects with a W-2 project manager and specialized subs, anchored by a posted scope, timeline, and budget before work starts. KPIs stay simple: weekly leads, process calls, offers, contracts, percent of projects on time and on budget, and closings delivered as scheduled. If you’re ready to move from dabbling to doing, this conversation gives you a clear blueprint for active income, cleaner flips, and stronger leadership.

    Enjoyed the conversation? Follow the show, share it with a friend who’s hunting their first deal, and leave a quick review to help more investors find us.

    VCap Real Estate Podcast

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    36 分
  • MMM Edition: How Specialization Will Get You To #1 with Dale Kessler
    2025/11/18

    Want more REO wins with fewer surprises? We sat down with 20+ year veteran Dale Kessler to decode how banks actually think, why some offers fly while others stall, and what separates investors who get accepted from those who get ghosted. Dale has moved thousands of bank-owned properties with a lean admin-first team, and he lays out the practical steps that make institutional sellers say yes: entity-aligned proof of funds, 10% earnest money on cash offers, clean timelines, and precise paperwork that plays nicely with automated portals.

    We explore when post-foreclosure purchases beat pre-foreclosure deals by shifting title cleanup to the bank, even if the upfront price is higher. Dale shows how tradespeople create unfair advantage on heavy-lift properties—bidding with confidence where retail buyers hesitate—and how to approach auction platforms like Auction.com and Hubzu when access is limited. He also gets real about the difference between hard money and cash, why using the bank’s title provider can sometimes offset transfer tax, and how “accepted” offers still lose if you don’t execute fast.

    Beyond tactics, Dale makes a compelling case for specialization. He sharpened his edge through thousands of BPOs, building elite valuation instincts that banks reward. When the moratorium hit, he adapted by widening markets and rebalancing, proving that a focused operator can pivot without losing altitude. We round out the conversation with Dale’s core four framework—body, being, balance, business—using 90‑day sprints to compress time, stay accountable, and avoid a one-dimensional life. Expect candid stories, zero fluff, and a roadmap you can act on the next time a bank asset hits your radar.

    If this conversation helped sharpen your playbook, follow the show, share it with a friend who’s hunting REOs, and leave a quick review so more investors can find it.

    VCap Real Estate Podcast

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    45 分
  • MMM Edition: From Zero To 700+ Units with Jon Brandon
    2025/11/11

    Freedom doesn’t come from a single lucky deal; it comes from stacking repeatable wins. John Brandon joins us to share how a childhood spent around apartment complexes turned into a 700+ unit portfolio, a hard-earned education in debt cycles, and a new focus on smaller, faster-moving multifamily that can outperform jumbo syndications.

    We walk through the first 16-unit JV in Greenville, North Carolina—how under-$500 rents doubled after deliberate turns, why local knowledge mattered, and what changed once interest rates jumped. John breaks down a tough Baltimore exit where investors were made whole but sweat equity vanished, then explains the portfolio pivot: sub-50-unit deals with mom-and-pop sellers, tighter operations, and clearer value-add paths. You’ll hear how $600k in soft capital evaporated two weeks before close, why that pushed him toward JV structures, and how he uses LinkedIn and warm outreach to attract investors without becoming “the cousin with the stock tip.”

    This conversation is also a masterclass in recurring revenue. John’s background in payments taught him to love predictable cash flow, which now shows up in apartments and a franchised insulation business designed for steady margins and simple operations. We compare GP vs LP roles in real estate syndications, unpack out-of-market investing due diligence, and detail the debt choices—bridge vs agency—that can make or break an otherwise solid plan. If you’re weighing small multifamily against big syndications, or eyeing a second engine with a Main Street business, this episode gives you a practical roadmap grounded in real numbers and real pivots.

    If this helped clarify your next move, follow the show, share it with a friend who’s raising capital, and leave a quick review with your biggest takeaway. Your support helps more investors find honest, field-tested strategies.

    VCap Real Estate Podcast

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    55 分
  • MMM Edition: Why Seller Financing Is The King of Leverage with Karl Kulpak
    2025/11/04

    What does it take to go from a 12-year career as a Pennsylvania State Trooper to owning dozens of lots and building a lifestyle business in affordable housing? We bring on Karl to unpack the real playbook: a mindset pivot sparked by Rich Dad Poor Dad, smart use of a W-2 for lending credibility, and a relentless focus on creative finance that fits the deal rather than forcing the numbers.

    We trace his journey through early single-family and a creatively financed fourplex to the first mobile home park that most buyers ignored. On paper it looked rough: rural setting, owner-paid utilities, and management fatigue. Karl saw value others missed, paired a bank loan with a zero-interest seller note, survived a last-minute lender pullback, and still closed by persuading the existing noteholder bank to re-lend. Then came the operational sprint: clearing blighted homes, infilling with new units, implementing buildbacks for water and sewer, and executing a park-wide rent raise with direct, respectful communication.

    Karl explains why he prefers tenant-owned homes and rent-to-own models to build pride of ownership and reduce maintenance drag. He shares the community moves that change the vibe—free dumpsters at takeover, lighting, signage, paved roads, and cookouts—because raising rents lands better when residents see real improvements. We also get into the gritty parts of C-class operations: evictions, abandoned units, copper theft, and the systems that keep everything moving.

    The second park showcases sophisticated deal-making. During diligence, Karl discovered a prior seller note the current owner still carried. He negotiated to assume it and locked in $1.4 million at 5 percent interest—terms nowhere in the broker’s memo. That single insight turned a good deal into a great one. Along the way we talk LOIs that buy credibility, buying on actuals not pro formas, and why saying no is sometimes the most profitable move.

    Karl’s target is crystal clear: 260 lots by the end of 2025, modeled at roughly $100 net per home to generate durable lifestyle income. The engine behind that goal? Masterminds that compress learning cycles, connect operators to solutions, and push action immediately after events. If you’re curious about mobile home parks, creative financing, and building a cash flow plan that matches your life, this conversation gives you the tools and the mindset to move.

    If this resonated, follow the show, share it with a friend, and leave a quick review so more builders can find it.

    VCap Real Estate Podcast

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    31 分
  • MMM Edition: $300K Short 3 Days Before Closing A Golf Course with Ryan Potuck
    2025/10/28

    What if the fastest route to freedom wasn’t more doors, but a better-aligned asset? We sit down with Ryan to trace a bold leap from duplexes and a five-unit to owning a 100-acre golf course, unpacking the exact moves that turned a passion into a viable business. You’ll hear why early rentals taught the right lessons but couldn’t deliver the life he wanted, and how one mastermind conversation reframed the plan: buy what you love if the numbers work.

    We break the deal into concrete steps. Ryan explains how a golf course is both land and an operating company, why banks get skittish, and how an SBA 504 for the real estate plus a 7a for the business can blend into a workable structure. He shares purchase price, revenue context, the 15% down hurdle, and the role of appraisals in allocating debt. Then come the war stories: three days before closing, a $300k hole appears after an underwriting miss; 30 minutes before signing, the HUD shows a five-figure surprise. The save arrives through relationships and relentless transparency: a trusted contact bridges the shortfall with a private loan, and partners step up to close.

    Once the keys are in hand, the real work begins. We talk payroll, carts, clubhouse events, and why marketing is the lever that can turn seasonal swings into steady cash. On underwriting, we compare DSCR realities, cap rates near the high single digits, and business valuation multiples in the three-to-four range. Most of all, we highlight how community accelerates progress. Masterminds and meetups raised the bar, opened lending doors, and kept the vision sharp when the first attempt fell apart.

    If you’re weighing a big pivot—or wondering how to finance a complex, land-heavy business—this story lays out the road map: align with your purpose, assemble the right lenders and consultants, and let persistence compound. If the episode helped you think bigger, follow the show, leave a review, and share it with a friend who’s ready to turn passion into a plan.

    VCap Real Estate Podcast

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    32 分