In this episode of Peak Profits, Chris Ward interviews Justin Moy, a professional passive investor and fund manager with extensive experience in commercial real estate. Justin shares his journey from starting in real estate at a young age to transitioning into commercial investments. He discusses the challenges he faced, including the evolution of the real estate market and the lessons learned from his first commercial deal. The conversation delves into the importance of property management, the risks of remote ownership, and the criteria for evaluating investment opportunities. Justin emphasizes the significance of partnering with the right operators and the alignment of interests between investors and fund managers. He concludes by discussing his motivation to educate others about real estate investing. In this conversation, Justin Moy shares his journey in real estate investing, highlighting the importance of understanding the escrow process and the value of knowledge in the industry. He discusses his investment strategy, focusing on quality over quantity, and the significance of debt funds in the current market. Justin sets ambitious passive income goals and emphasizes the need for a balanced portfolio that prioritizes growth before cash flow. He envisions a future where adaptability is key, and he remains committed to his passion for real estate and helping others navigate the investment landscape.

Chapters

00:00
Introduction to Passive Investing and Real Estate
02:55
Justin's Journey in Real Estate
06:05
Transitioning to Commercial Real Estate
08:54
First Commercial Deal and Lessons Learned
11:54
Managing Properties and Remote Ownership Risks
15:10
Criteria for Evaluating Investment Opportunities
17:58
The Importance of Operator Relationships
21:00
Becoming a Fund Manager and Investor Education
23:25
The Awakening of Real Estate Knowledge
25:04
Investment Strategy and Deal Selection
28:00
Understanding Debt Funds
30:51
Setting Ambitious Passive Income Goals
33:39
Balancing Growth and Cash Flow
39:01
Future Vision and Adaptability

Takeaways

Justin started in real estate at 18 years old.
He initially aimed to buy one property a year.
The real estate market has changed significantly over the years.
Remote ownership poses significant risks in property management.
It's crucial to have a strong presence on-site for effective management.
Criteria for evaluating deals have evolved over time.
Partnership with experienced operators is essential.
Investors should look for alignment of interests with operators.
Having personal investment from operators is important for deal security.
Education in real estate investing is vital for new investors. Real estate knowledge is often underestimated by the general public.
Quality investments are prioritized over quantity in deal selection.
Debt funds offer a lower-risk investment option with consistent returns.
Setting higher passive income goals can lead to greater financial success.
Growth in investments should be prioritized before focusing on cash flow.
Understanding the risk-return profile is crucial for investors.
Patience is essential in real estate investing for long-term gains.
The market can change, and adaptability is key for investors.
Building a strong investor base takes time and trust.
Engagement on platforms like LinkedIn can enhance networking opportunities.

Connect with Justin Moy

🔍 LinkedIn
🌐 Website

In this episode of the Peak Profits podcast, Joe Downs shares his entrepreneurial journey, highlighting his diverse experiences from finance to hospitality and ultimately to self-storage. He discusses the importance of reinvention, the role of mentorship, and the unique opportunities within the self-storage market. Joe emphasizes the lessons learned from failures and the distinction between knowledge and wisdom in making business decisions. His story serves as an inspiration for aspiring entrepreneurs, showcasing the potential for growth and success in recession-resistant sectors. In this conversation, Joe Downs discusses the lucrative opportunities in the self-storage industry, particularly focusing on the impending transfer of ownership as baby boomers retire. He explains the advantages of using SBA loans for financing self-storage facilities, highlighting the lower down payment requirements compared to traditional real estate investments. Joe also shares strategies for maximizing revenue through effective management and marketing, emphasizing the importance of understanding local market dynamics. The discussion concludes with insights on the future of self-storage as an investment opportunity.

Chapters

00:00
Introduction to Joe Downs and His Journey
05:04
The Evolution of Joe's Entrepreneurial Spirit
12:48
Discovering Self-Storage: A New Opportunity
17:37
The Growth of Bellrose Storage Group and Mentorship
24:11
The Importance of Wisdom in Entrepreneurship
24:40
The Landscape of Self-Storage Facilities
30:14
Financing Self-Storage: Understanding SBA Loans
36:08
Maximizing Revenue: Strategies for Self-Storage Operations
42:51
Conclusion and Future Insights on Self-Storage

Takeaways

Joe Downs has a diverse entrepreneurial background, from finance to hospitality.
His early experiences shaped his understanding of business and sales.
Failures in business provided critical lessons for future success.
The self-storage industry presents unique opportunities for investors.
Mentorship plays a crucial role in navigating the complexities of real estate.
Joe emphasizes the importance of reinvention in entrepreneurship.
He highlights the difference between knowledge and wisdom in business decisions.
Self-storage facilities are largely owned by small operators, creating market opportunities.
Joe's journey illustrates the value of persistence and adaptability.
The Bellrose Storage Group has grown significantly under Joe's leadership. There are at least 20,000 self-storage facilities owned by 'mom and pop' operators.
Many self-storage facilities will change hands in the next decade due to aging owners.
Self-storage is a business, not just an investment.
SBA loans allow for lower down payments on commercial real estate.
Self-storage facilities can generate significant cash flow compared to residential properties.
Education and mentorship are crucial for success in self-storage investing.
The average occupancy rate for self-storage facilities can fluctuate based on market conditions.
Effective management can significantly increase the value of self-storage facilities.
Marketing and technology are key to driving revenue in self-storage operations.
Self-storage is often overlooked as a viable investment opportunity.


Connect with Joe Down

🔍 LinkedIn
🌐 Website

In this episode of Peak Profits, Chris Ward interviews Vince Gethings, a US Air Force veteran who transitioned into a successful real estate entrepreneur. Vince shares his journey from using a VA loan to acquire his first property to managing over a hundred million dollars in real estate. He emphasizes the importance of mentorship, the challenges of scaling from residential to commercial real estate, and the strategies he employed to manage properties effectively from a distance. Vince's insights provide valuable lessons for aspiring real estate investors. In this conversation, Vince Gethings shares his insights on managing real estate investments, emphasizing the importance of tracking key performance indicators (KPIs) and maintaining accountability with property management teams. He discusses the discipline required to reinvest profits back into the business, avoiding the pitfalls of immediate gratification. Vince also reflects on his journey from being a student in a mastermind group to becoming the owner of Wheelbarrow Profits, highlighting the significance of mentorship and the power of surrounding oneself with like-minded individuals. He outlines his vision for the future of Wheelbarrow Profits, focusing on enhancing community engagement and offering more experiential events.

Chapters

00:00
Introduction to Vince Gethings and His Journey
02:09
Starting with VA Loans and Early Real Estate Experiences
05:01
The Importance of Mentorship in Real Estate
08:08
Transitioning from Residential to Commercial Real Estate
13:35
Understanding the Value of Mentorship
15:57
The First Commercial Deal: A 52-Unit Property
22:59
Managing Properties from Afar: Strategies and Insights
26:12
Understanding Key Performance Indicators in Real Estate
30:31
The Importance of Accountability in Property Management
34:53
Discipline and the Conveyor Belt of Success
39:38
Acquiring Wheelbarrow Profits: A Full Circle Journey
42:12
Future Vision for Wheelbarrow Profits

Takeaways

Vince started his real estate journey using a VA loan.
He emphasizes the importance of mentorship in scaling real estate investments.
The transition from residential to commercial real estate requires education and guidance.
Vince's first commercial deal was a 52-unit property in Michigan.
He leveraged local knowledge to make informed investment decisions.
Establishing a cadence of accountability is crucial for property management.
Weekly meetings with KPIs help maintain performance standards.
Starting with smaller properties allows for learning and growth.
Investing in mentorship can save time and prevent costly mistakes.
Building relationships with brokers is key to finding good deals. Track your KPIs consistently to spot trends early.
Property managers often underperform without accountability.
Reinvest profits instead of spending on luxuries.
Discipline is key to maintaining growth in real estate.
Surround yourself with high-level individuals for growth.
Don't quit your job too soon; maintain cash flow.
The power of community and mentorship is invaluable.
Focus on long-term goals rather than short-term gains.
Experiential events can enhance community connections.
A clear vision is essential for future growth.

Connect with Vince Gething

🔍 LinkedIn

🌐 Website