Mechanics of Money
Stop saving. Start allocating.
Mechanics of Money is the technical manual for high-net-worth individuals moving from "High Earner" to "Sophisticated Allocator."
Hosted by Sam Silverman (Silverman Capital), this show strips away the "get rich quick" hype to focus on the operational and financial mechanics of wealth preservation. We sit down with founders, fund managers, and tax strategists managing billions in assets to decode exactly how the ultra-wealthy structure their capital.
We cover:
• Private Markets: Deep dives into Multifamily Syndications, Private Credit, and PE.
• Tax Strategy: Advanced frameworks like 1031 Exchanges, Bonus Depreciation, and Opportunity Zones.
• Risk Management: How to vet operators and protect your downside.
Whether you are looking to place your first $50k into a syndication or managing an 8-figure family office, we provide the blueprint.
Subscribe to the weekly newsletter: https://www.mechanicsofmoney.co
Invest with Silverman Capital: https://silvermancapital.co
Mechanics of Money
Running a US Real Estate Fund From a Costa Rica Surf Town | Sarah Miskelly
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How do you run a US real estate fund, SEC-regulated, entirely US-based investors, from a surf town in Costa Rica, and still turn down most of the deals you're offered?
Sam sits down with Sarah Miskelly, founder and fund manager of Hylee Capital, a firm that helps accredited investors access carefully selected US real estate and alternative investments. Sarah grew up in her family's real estate business in Toronto, built a multi-six-figure brokerage, and then walked away from it at its peak, burned out and planning an exit from the start. She'd been quietly investing as an LP on the side, so she shut the brokerage down, moved her family to Costa Rica, and rebuilt as a fund manager she can run from her laptop. To date, Hylee Capital has deployed over $16M alongside roughly 100 investors.
In this conversation:
- The full origin story, from managing family multifamily properties to running a fund
- Why she walked away from a multi-six-figure brokerage business at its peak
- What relocating a family abroad actually costs, and why "it's cheaper" is a myth
- Whether managing capital remotely helps or hurts credibility with investors
- Diversifying across verticals and the capital stack, not just asset classes
- Matching deals to an investor's actual buy box and stage of life
- Why fund-manager compensation weighted toward exit keeps interests aligned
- What real due diligence looks like: underwriting, whisper networks, background checks
- The large-name sponsor deal she passed on, and what the capital stack gave away
- Why she turns down almost everything sent to her inbound
- Her one piece of advice for relocating and for breaking into the space: bet on yourself
Topics covered: real estate, fund management, private real estate, due diligence, capital stack, preferred equity, common equity, LP investing, portfolio diversification, alternative investments, accredited investors, real estate syndication, passive income, relocating abroad, Costa Rica, expat life, lifestyle design, women in finance, private markets
Guest: Sarah Miskelly, Founder & Fund Manager, Hylee Capital | https://hyleecapital.com
Newsletter: https://www.mechanicsofmoney.co
Website: https://silvermancapital.com
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