Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Todd Dexheimer, with Endurus Capital focuses on multi-family and senior housing syndication, specializing in purchasing value add apartment buildings in emerging markets. His companies currently own 4,000 units with $400mm assets under management. Todd talks openly ...
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 717 - Top Mistakes Real Estate Investors Make
27:47
27:47
Play later
Play later
Lists
Like
Liked
27:47
Throughout Dex’s 16 years as a real estate investor, he has made countless mistakes and has observed others do the same. Out of those mistakes, there are 6 that stick out as the most commonly made mistakes. Learning from others won’t keep you from making your own mistakes, but could keep you from making a critical mistake that will lose your money.…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 716 - Raising Money Responsibly | Jeff Greenberg
38:58
38:58
Play later
Play later
Lists
Like
Liked
38:58
Don’t just look at the returns; understand what you are investing in. Jeff and Dex discuss the need to understand the metrics and KPIs of each investment, the importance of diving into the team, and truly understanding what an investment opportunity is made of. Your own due diligence is just as important as the sponsor's due diligence. 3 Pillars: 1…
…
continue reading
Effective communication is the key to successful and long-term business growth. It’s something that Dex struggled with for over a decade and still struggles with to this day. It’s easy to assume people have the information they need, but if you’re not clear, consistent, and concise, you’re only going to disappoint.Communication is telling or writin…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 714 - Create Your Own Journey | Melanie McDaniel
45:20
45:20
Play later
Play later
Lists
Like
Liked
45:20
Understanding why you want to build wealth, allows you to create a business that fits around your life and desired outcomes. Melanie and Dex discuss creating trust, building relationships, and being authentic. 3 Pillars: 1. Time Freedom2. Community3. Love of all thingsBook: The Power of Now by Eckhart TolleAs a Manager of Freestyle Fund, Melanie ov…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 713 - Valuing Multifamily Real Estate
24:12
24:12
Play later
Play later
Lists
Like
Liked
24:12
It’s not as simple as just looking at the numbers when deciding how much a property is worth. You really need to dig into the comps, cap rates, building conditions, and so much more. Matt and Dex dive into what they look for in a deal and what they’re seeing in today's market. Welcome to Pillars of Wealth Creation, where we talk about building fina…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 712 - Selling: The Foundation to Success | Ron Koenigsberg
41:20
41:20
Play later
Play later
Lists
Like
Liked
41:20
Selling is the foundation for success in everything you do in life. Ron Koenigsberg and Dex discuss the importance of selling and communication. In 2019 20% of the US filed 1099’s (self employed) and by 2027 we will see 50% of the US file 1099’s. We are in an age of communication and those who learn how to actively listen, negotiate and communicate…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 711 - Get Rich Slow, Get Rich for Sure
15:58
15:58
Play later
Play later
Lists
Like
Liked
15:58
Growing your wealth is a journey. It’s not easy, but with the right steps and continual effort, we believe nearly everyone can become wealthy. Getting rich takes time. It doesn’t happen overnight and requires the right mindset to grow and keep your riches. Be patient and don’t swing for the fences.Welcome to Pillars of Wealth Creation, where we tal…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 710 - Tenacity - Overcoming Business Challenges | Trixy Castro
35:07
35:07
Play later
Play later
Lists
Like
Liked
35:07
The name of the game is tenacity. Trixy started like many business owners - in a small office with a vision and a will to succeed. Trixy and Dex discuss how mindset plays a crucial role in success, and what it takes to keep your drive going, especially after setbacks and successes. 3 Pillars1. Invest in You2. Tenacity3. TransparencyBook: The Psycho…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 709 - Cash-out Refinance for Infinite Returns!
33:30
33:30
Play later
Play later
Lists
Like
Liked
33:30
It’s the ultimate investment strategy to buy, renovate and refinance. Dex and Drew Whitson discuss doing just that with a 224-unit apartment building they purchased with their investors in 2019. They hit on their buying strategy, renovation plan, financing strategies, finding the deal, and the bumps encountered along the way.Welcome to Pillars of W…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 708 - Lessons From Billionaires | Colton Pace
35:16
35:16
Play later
Play later
Lists
Like
Liked
35:16
Our guest Colton Pace, took the lessons he learned working for billionaires and turned them into a thriving business Ownwell. Colton discussed the challenges of founding a start-up and the keys to his success. Book: Crucial Conversations by Kerry Patterson, Joseph Grenny, Ron McMillan, and Al Switzler 3 Pillars1. Surround yourself with people smart…
…
continue reading
We keep seeing the headlines that commercial real estate is going to crash. Fact or Fear-Mongering? We all know that the media loves doom and gloom - fear sells!The market has already dropped 20-25%, but many are waiting for a bigger crash. Here is what Dex is seeing:1. Competition: Despite the negative predictions, competition in the commercial re…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 706 - Breaking Barriers: Overcoming Self-Sabotage and Embracing Leadership | Kelly Resendez
38:18
38:18
Play later
Play later
Lists
Like
Liked
38:18
Kelly Resendez is a renowned author, speaker, and business executive at GoodLeap. Kelly delves into the crucial topics of self-sabotage, the rise of female leaders, the power of taking responsibility, and the importance of thinking differently from the masses. Her insights are invaluable for anyone striving to achieve personal and financial success…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 705 - Choosing The Right Debt For Your Next Deal
34:40
34:40
Play later
Play later
Lists
Like
Liked
34:40
How are you utilizing debt in your real estate business? Leverage is a powerful tool that can be used in real estate, but not all debt products are the same. Matt Brawner and Dex discuss the different debt products they have used, along with the pros and cons. Choose the right debt for your strategy and you’re in business, choose the wrong debt and…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 704 - What is your Impact Strategy? | Phil Moeller
48:13
48:13
Play later
Play later
Lists
Like
Liked
48:13
Phil Moeller dives into discovering what your impact strategy is and the importance of how you are going to have a positive impact on your residents, community, and investors. Phil covers his top 3 takeaways from corporate America. 1. Always build a brand 2. You don't need a title to be a leader 3. have an impact strategy Pillars: 1. Purpose2. Educ…
…
continue reading
Recently Dex was at a real estate event and talked with a group of experienced owners that have owned real estate for 30 to 50 years. These owners mentioned that they see a lot of groups come and go, but the people that stick around are the ones that are buy-and-hold investors and look at real estate as a long-term play. They all mentioned that usi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 702 - Mastering Real Estate: Brokerage to Investment | Ben Michel of Ridgeview Property Group
46:36
46:36
Play later
Play later
Lists
Like
Liked
46:36
We sit down with Ben Michel, the founder of Ridgeview Property Group. Ben shares his journey from working as a real estate broker to becoming a successful real estate investor. He provides valuable insights on finding motivated sellers, making the transition from brokerage to investment, and how his brokerage experience has given him an edge as an …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 701 - Fund of Funds - The Hot New Thing
24:13
24:13
Play later
Play later
Lists
Like
Liked
24:13
Fund of Funds has been a popular buzz over the past few years. Todd dives into the fund-of-funds model and how you can remain in compliance. The most important things are to protect your investor's capital and to stay out of jail. Todd’s advice is what he has learned over the years. Always consult with your attorney for legal advice. Welcome to Pil…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 700 - Flex Space Domination | Cody Payne
33:24
33:24
Play later
Play later
Lists
Like
Liked
33:24
We sit down with Cody Payne, a leading expert from Colliers International, to discuss the growing trend of flex space in the commercial real estate market. Cody shares his wealth of knowledge on how businesses can leverage flex space to stay agile, cost-efficient, and competitive in today's rapidly changing environment.Book: TenX Rule by Grant Card…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 699 - What’s Happening in Today's Market
32:29
32:29
Play later
Play later
Lists
Like
Liked
32:29
Matt Brawner and Todd Dexheimer discuss what is going on with today's market and how they look at opportunities. They also discuss the top lessons learned from brokers, owners, developers, and other industry leaders at the Minnesota Apartment Summit. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a specia…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 698 - Note Investing | Fred Moskowitz
42:10
42:10
Play later
Play later
Lists
Like
Liked
42:10
When it comes to real estate investing, note investing is not as well-known. Myths pervade this type of investing, but you can buy and own mortgage notes and be the one receiving the monthly payments, just like a bank does! With most investments, you invest, wait for it to increase in value, and then sell, but with note investing, your investment i…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 697 -Pending Doom in Commercial Real Estate
23:23
23:23
Play later
Play later
Lists
Like
Liked
23:23
Between the economy, interest rates, and inflation, there is a lot to keep track of. Commercial real estate continues to see negative headlines, while the overall results are still holding strong. Todd discusses the latest jobs report, inflation, and wage growth. He also talks about commercial real estate and what is happening in the multifamily in…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 696 - Recession Investing | Patrick Grimes
50:23
50:23
Play later
Play later
Lists
Like
Liked
50:23
Covering the gap in the market is the key to investing successfully. Patrick Grimes discusses the lessons he learned to be able to invest like the wealthy after losing everything in 2009. 3 Pillars of Wealth1.) Financial Freedom2.) Time Freedom3.) Location FreedomBook: A CEO Only Does Three Things by Trey TaylorFacebook:https://www.facebook.com/P…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 695 - Attention Passive Investors - Underwrite Your Deals!
20:51
20:51
Play later
Play later
Lists
Like
Liked
20:51
We always preach to know, like, and trust who you’re investing with, but it may be more important to understand what you are investing in and how the business plan can succeed.Just because the sponsor says it’s a good deal doesn’t make it a good deal. You need to understand the numbers and what makes it a good investment. Warren Buffett doesn’t jus…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 694 - Crafting the Best Marking Strategy | John Casmon
56:20
56:20
Play later
Play later
Lists
Like
Liked
56:20
John Casmon, CEO of Casmon Capital discusses marketing insights that he learned from some of the largest companies in the world. From focusing on psychographics to working with people’s fears, frustrations, goals, and desires. 3 Pillars of Wealth: John's pillars revolve around the impact that you can make on: 1. Family/Friends2. Community3. Causes …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 693 - Lessons Learned From LP Investors
33:34
33:34
Play later
Play later
Lists
Like
Liked
33:34
Through thousands of conversations with investors and potential investors, Dex has learned patterns that the vast majority of investors are looking for. Understanding what investors want to know, helps prepare you to be successful as a general partner, capital raiser, and limited partner. Discover the top 7 lessons learned over the years from passi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 692 - Self Storage and Multifamily Investing | Jonathan Wei
29:12
29:12
Play later
Play later
Lists
Like
Liked
29:12
Jonathan Wei and Todd Dexheimer discuss what to look for when buying self-storage and multifamily properties. Jonathan discusses the mistakes he made and how to avoid the pitfalls he stumbled into. Books: Rich Dad Poor Dad by Robert KiyosakiFinancial Freedom with Real Estate Investing by Michael Blank3 Pillars1.) Mindset2.) Partnerships/Relationshi…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 691 - What Does it Take to Land a Deal?
25:58
25:58
Play later
Play later
Lists
Like
Liked
25:58
We haven’t bought a deal in 12 months and it is tough to remain patient. We are constantly looking into what we need to change (if anything) to win more deals. In this episode, Todd discusses what investors look for in a deal and why some groups win deals, while others left are scratching their heads.Welcome to Pillars of Wealth Creation, where we …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 690 - Turning Decades into Days | Trevor McGregor
45:30
45:30
Play later
Play later
Lists
Like
Liked
45:30
Mindset matters. Trevor McGregor discusses what he’s learned from over 40,000 coaching calls with successful business owners. From the stories that we tell ourselves, to stepping into the present to create the future, Trevor brings the goods. Trevor discusses the 6 human needs, why sitting on the sidelines moves you backward, and the temperature of…
…
continue reading
When you’re considering investing passively or raising from passive investors, you need to be aware of the potential road bumps that can trip up a deal. Todd discusses a few things to look out for and how you can avoid making critical mistakes that can put your investment at risk. Welcome to Pillars of Wealth Creation, where we talk about building …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 688 - The Unlikely Mentor | Chris Roberts
46:32
46:32
Play later
Play later
Lists
Like
Liked
46:32
Mentors are all around you and opening yourself up to learn from the influence of others will be rocket fuel to your success. Chris Roberts discusses his unique journey, how others have impacted his life, and the steps you can take to do the same. 3 Pillars: 1. Be open to the influence of others2. Allocate to multiple streams of income3. Education …
…
continue reading
Cash is the name of the game! It always has been and it always will be. Most businesses fail because they don’t have enough cash in the bank to withstand a period of difficulties. It’s common to hear that you should have 6 months of living expenses in liquidity just in case something happens. Well, the same rule applies to businesses and real estat…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 686 - How Can Your Trials Serve You? | Mandy McAllister
39:50
39:50
Play later
Play later
Lists
Like
Liked
39:50
We tell ourselves stories that hold us back from success. Instead, use those and ask, “How can this serve me?” Mandy McAllister brings us a great amount of value, discussing the power of connecting with others doing big things, and how our mindset can hurt or help us. We also talk about building a baseline of investment cash flow and building busin…
…
continue reading
The Wealthy Gardener by John Soforic is a story told by an older wealthy man (the gardener). The book is an easy and excellent read that shares stories of success and struggle through the gardener's life. Similar in style to Rich Dad Poor Dad, The Wealthy Gardener teaches financial success principles, as well as mindset. Welcome to Pillars of Wealt…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 684 - Clarity Creates the Roadmap | Jason Yarusi
43:43
43:43
Play later
Play later
Lists
Like
Liked
43:43
The number 1 problem that stops people from living their dreams is lack of clarity. Jason Yarusi discusses how you create clarity, how you break bad habits, and how you can stop sabotaging your business. 3 Pillars of Wealth1.) Consistent2.) Discipline3.) PersistenceJason Yarusi, founder of Yarusi Holdings is a Private Fund Manager overseeing a $285…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 683 - What To Look Out For With Syndications
16:51
16:51
Play later
Play later
Lists
Like
Liked
16:51
If you’re raising money or investing passively, there are some key things to look out for with syndications:1.) Make sure the business structure is set up properly to protect everyone’s investment. 2.) Find the right attorney for the job.3.) Don’t wait to set up the structure and find your attorney. Pre-plan!4.) Look for commissions paid to capital…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 682 - Investing with Trusted Partners | Pat Zingarella
48:34
48:34
Play later
Play later
Lists
Like
Liked
48:34
We all want to be sure that our money is safe. At Invest Clearly, their mission is to set you up with the best sponsors in the business so that you can watch your money grow. Pat Zingarella discusses the traditional ways to meet a GP and why Invest Clearly makes for better results. Book: Success Principals & Can’t Hurt Me3 Pillars of WealthFamilyHe…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 681 - Should You Buy On Pro Forma?
20:14
20:14
Play later
Play later
Lists
Like
Liked
20:14
Buying on what could be vs buying on what is - which is best? Certainly, you want to get the best deal possible, but in business and investments, we always want to look at the upside potential. In today's episode, Todd discusses the idea of buying on pro forma, and when it’s ok to use future growth potential to determine value, and when you should …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 680 - Best In Class Asset Management | Gary Lipsky
41:57
41:57
Play later
Play later
Lists
Like
Liked
41:57
Gary Lipsky, Author of Best In Class discusses the power of strong asset management. His 3 keys to a winning investment are attention to detail, KPI’s, and accountability. Gary also discusses how and when to grow your team, the value of consistency, and the power of strong communication. Book: Crucial Conversations3 Pillars: 1.) Multifamily 2.) Rel…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 679 - What Are Your 3 Pillars of Wealth?
26:35
26:35
Play later
Play later
Lists
Like
Liked
26:35
Todd discusses what his pillars of wealth creation are. After interviewing 350 successful business owners and asking everyone what their pillars of wealth are, Todd has summarized them into 7 Pillars. 1. Education2. Goals3. Focus4. Relationships5. Take action and fight off fears6. Systems7. Think BIG - take small stepsWelcome to Pillars of Wealth C…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 678 - College Rental Cash Flow | Ryan Chaw
47:18
47:18
Play later
Play later
Lists
Like
Liked
47:18
Ryan Chaw and Todd discuss the power of single-family student rentals in strong college markets. In this episode, they deep dive into what it takes to get started and what to look out for. Books: Millionaire Real Estate Investor by Gary Keller & Traction by Gino Wickman3 Pillars: 1.) Health 2.) Relationships3.) ImpactRyan purchased one single-famil…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 677 - Top 4 Considerations When Buying Real Estate
30:30
30:30
Play later
Play later
Lists
Like
Liked
30:30
It’s important to have a detailed understanding of what makes a good deal for you. Todd discusses what he considers before buying a deal. They are: 1.) Detailed criteria2.) Strategy3.) Team4.) Risk ToleranceWelcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on business and Real Estate. Follow …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 676 - 5 Steps to Achieve Goals You Never Thought Possible | Rami Odeh
57:21
57:21
Play later
Play later
Lists
Like
Liked
57:21
We cover it all in this episode, from health and wellness to breaking bad habits, to achieving amazing goals. Rami discusses his high business journey, along with his financial reset at age 55. Through the power of a mastermind, Rami was able to think differently and create businesses that far surpassed anything he had previously built. Rami Odeh i…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 675 - Buying your Next Home Run Deal
20:21
20:21
Play later
Play later
Lists
Like
Liked
20:21
Is it better to buy a beautiful property or a cheap one? Which one provides better cash flow and long-term growth? Todd discusses the need to be clear on your strategy and have the right teams and systems in place in order to succeed. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on busin…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 674 -The Future Economy | Anna Kelley (Part 2)
36:36
36:36
Play later
Play later
Lists
Like
Liked
36:36
The economy and commercial real estate are going through a big transition. Interest rates have spiked and values have decreased 20-30%. On top of that, we have seen a huge amount of supply in some markets, as well as a big increase in expenses. Anna Kelley discusses what to be aware of and how to be successful in the new economy. Anna Kelley is the…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 673 - Stop Being The Linchpin In Your Business
20:32
20:32
Play later
Play later
Lists
Like
Liked
20:32
You have dreams of creating a great business or passive income that can someday work without you. All too often we are the ones getting in our own way and keeping our business small. Get out of your way. Think about what you are doing every day that holds you back from growth and make smart and strategic hires to watch your business grow.Welcome to…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 672 -The Future Economy | Anna Kelley (Part 1)
42:03
42:03
Play later
Play later
Lists
Like
Liked
42:03
The economy and commercial real estate are going through a big transition. Interest rates have spiked and values have decreased 20-30%. On top of that, we have seen a huge amount of supply in some markets, as well as a big increase in expenses. Anna Kelley discusses what to be aware of and how to be successful in the new economy. Anna Kelley is the…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 671 - Cash Flow Creates Financial Freedom
17:22
17:22
Play later
Play later
Lists
Like
Liked
17:22
It’s well known that positive cash flow creates freedom. Investors dream about living a life of cash flow coming in while we sleep. After all, that allows you to do what you want, when you want, where you want, and with whom you want! So why do so many set out with that thought in mind, but end up going for the quick flip? In this episode, we talk …
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 670 - Your Problems Are Your Limiting Beliefs | Mitzi Dyane Childress
32:55
32:55
Play later
Play later
Lists
Like
Liked
32:55
Mitzi Childress discusses building a team and the mistakes she’s made in that journey. Her company, Swift Sell Properties, wholesales mobile homes and land. Swift Sell Properties buys problem homes and sells to landlords and rehabbers or owner-finance buyers while providing their private investors with above-average returns.Mitzi also mentors other…
…
continue reading
Every day we tell ourselves lies that hold us back. Lies like I don’t have time, it’s out of my control, I’ll be happy when…, it’s not my fault, I’ll start tomorrow, I’m not good enough. Stop telling lies and start changing your mindset! Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus on bu…
…
continue reading
![Artwork](/static/images/128pixel.png)
1
POWC # 668 - Lessons from Hollywood | Chris Collins
51:21
51:21
Play later
Play later
Lists
Like
Liked
51:21
Chris shares his story on why being a television editor in Hollywood wasn’t enough. He shares his story on how and why he started in real estate and what he’s doing today to help others be successful in their real estate adventures. As managing partner at Amity Cash Flow, Chirs has invested in and has co-owned over 2,500 multifamily units, worth ov…
…
continue reading