119. Lawyer Turned Investor: Scaling up in Commercial Real Estate with Zach Winner

Westside Investors Network

ABOUT ZACH WINNER

Zach is a Founding partner and the CEO of Prosperity CRE, a private equity firm specializing in providing passive investment opportunities in multifamily apartment complexes. Zach has successfully owned and operated a residential real estate company, mortgage brokerage company, and escrow company, with offices in Northern and Southern California, assisting clients in the purchase, finance, and sale of properties throughout the United States.

Zach is a licensed attorney and member of the California Bar Association. He is a graduate of the University of Southern California, and the McGeorge School of Law at the University of the Pacific.

THIS TOPIC IN A NUTSHELL:
Zach’s career background and journey to real estate
Companies built before real estate
Transition to Commercial Real Estate
Metrics they look at when looking at multifamily deals
Markets they focus on
Asset Under Management & Partnership with PM companies
About the 80-unit deal
How they found the deal
Unit mix and capital Improvements done
What are things that entice them to buy the deal?
Challenges and silver lining of this deal
Returns, split, and equity multiple
Cost segregation and 1031 exchange
Underwriting and due diligence
Different types of investors
Future business endeavors of Prosperity CRE
Connect with Zach

KEY QUOTE:

“Eventually, I realized for a variety of reasons that you're better off investing in larger properties and more commercial properties. It's a higher asset class, you have economies to scale, there are significant tax advantages, and you're dealing with much more professional property management companies.”

SUMMARY OF BUSINESS:

Prosperity CRE is a diversified commercial real estate investment firm, headquartered in Los Angeles, California. Prosperity CRE acts as operators, asset managers, and equity syndicators for commercial real estate properties throughout the US.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

#RealEstateInvesting #Acquisition #ProsperityCRE #syndicator #PassiveInvestors #MultifamilyDeals #CommercialRealEstate #Attorney #AssetUnderManagement #MarketRents #CapEx #CapitalImprovements #DueDiligence #ValueAdd #Underwriting #AssetManagement #CostSegregation #PropertyManagement #LimitedPartners #GeneralPartners #Entrepreneur #Multifamily #BuildingWealth #CashFlow #PassiveWealth #FinancialFreedom #NewEpisode #podcasting #JointheWINpod #WestsideInvestorsNetwork

CONNECT WITH ZACH WINNER:

Email: [e-mail]

LinkedIn: https://www.linkedin.com/in/zachwinner/

Twitter: https://twitter.com/ZachWinnerCRE

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network

· Website | https://www.westsideinvestorsnetwork.com/

· Twitter | https://twitter.com/WIN_pdx

· Instagram | @westsideinvestorsnetwork

· LinkedIn | https://www.linkedin.com/groups/13949165/

· Facebook | @WestsideInvestorsNetwork

· Youtube | @WestsideInvestorsNetwork