5 Talents Podcast - How To Build Wealth Through Real Estate
Welcome to the 5 Talents Podcast - How To Build Wealth Through Real Estate. Your host Abel Pacheco interviews real estate investors, wealth managers, syndicators, operators, and other wealth management strategists. If you’re a top earner in your field, an accredited investor and focused on building wealth through real estate... then this podcast is for you.
Abel served his local church for nearly 10 years as a deacon and finance board member and now combines his passion for real estate investing, professional successes, faith, leadership, and core beliefs to serve his investment community.
If you want to learn what other multi-millionaires, wealth managers, and surrounding industry experts are doing to build and preserve wealth... then this podcast is for you.
www.5Talents.Capital
5 Talents Podcast - How To Build Wealth Through Real Estate
David Lagat - $300-M Portfolio; From 4-Plex to 4000 Units Without Syndication
Our guest for today is David Lagat, Principal and Chief Executive Officer at Bella Asset Management. He has a broad range of skills including negotiation, accounting, asset management, investment properties, and real estate economics. He started investing in the stock market, but eventually found himself in real estate. He will talk about his jump to real estate that led him to acquire a portfolio now worth $300 million. That portfolio would not have been possible without these savvy and creative investing strategies.
Let’s dive right in and learn from David how to turn a 4-plex into 4,000 units without syndication!
[00:01 - 08:34] Opening Segment
- Let’s get to know David Lagat
- His path to multifamily investing
[08:35 - 18:13] Equities and Debts
- Balancing regular work and real estate investing
- A goal is written in a notebook
- The factors that led him to go full-time in real estate
- How to leverage equities and debts
[18:14 - 27:10] 1031 Exchanges
- How to leverage 1031 exchanges
- The right questions to ask in real estate
- Are single family and multifamily really different?
- David explains
[27:11 - 37:27] Recourse and Non-Recourse Loans
- The importance of closing your first deal
- How to leverage recourse and non-recourse loans
- Don’t miss David’s strategies in real estate!
[37:28 - 46:49] Closing Segment
- Connect with David - links below
- Here’s David’s advice for future investors
- Final words from David and me
Tweetable Quotes:
“Understanding the seller’s needs will help you frame your questions properly.” - David Lagat
“You gotta be persistent. Set your goals...take the risks, take action.” - David Lagat
Resources Mentioned:
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Connect with David on LinkedIn and visit Bella Asset Management and their LinkedIn, Facebook, and Twitter pages to learn more.
Guest email: David@bellasrealtygroup.com
Connect with me:
https://www.5tcre.com/
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Email us --> abel@5tcre.com