Lyt til Multiple Perspectives

In this episode of Multiple Perspectives [https://podcasts.apple.com/us/podcast/multiple-perspectives/id1511779490], host Daniel Brereton sits down with Christopher Lustrino [https://www.linkedin.com/in/chrislustrino/], CEO and founder of KingsCrowd [https://kingscrowd.com/], to explore how private market investing is becoming more accessible to everyday investors. They discuss the shift from exclusive venture deals to digital platforms, uncovering the untapped potential of middle-market companies and the rise of secondary markets for liquidity. With a data-driven framework for evaluating early-stage investments, the conversation offers valuable insights into building a diversified private market portfolio that complements traditional investments.  What You'll Learn: * How private markets are evolving to digitally native investment platforms * Why middle-market companies present compelling investment opportunities  * The framework for evaluating early-stage companies  * How secondary markets are emerging to provide liquidity solutions for private market  * Why diversification across different stages of private companies can enhance returns * The strategic approach to building a private market portfolio  Chris Lustrino is the CEO and founder of KingsCrowd, a pioneering platform in private market investment research and analytics. With a background in private equity and due diligence, he transformed his expertise into a comprehensive solution for retail investors seeking access to private market opportunities. Under his leadership, KingsCrowd has attracted over 4,000 investors, raised nearly $7 million in funding, and developed sophisticated rating algorithms to evaluate private market investments. His work in democratizing private market access and creating transparency through data-driven analysis has established him as a thought leader in the alternative investment space.  Episode Highlights: * 09:13 The Untapped Opportunity in Middle Market Companies  Chris Lustrino reveals how the post-2008 financing gap has created compelling opportunities in middle-market companies that fall between traditional venture capital and private equity targets. For wealth managers and high-earning professionals, these companies represent an attractive investment segment, often generating $2-300M in revenue with proven business models and lower risk profiles than early-stage startups. Market inefficiency exists because these companies are too small for institutional investors and too large for retail investors to access directly. KingsCrowd's platform enables access to these opportunities, where investors can potentially generate 5-20x returns by investing in companies at $2M revenue that could exit at $30-40M valuations. * 16:04 The Digital Transformation of Private Markets  With $13 trillion in annual private market transactions, Chris explains how digitization revolutionizes access to previously exclusive investment opportunities. This shift creates unprecedented opportunities for wealth managers and financial advisors to expose their clients to private market investments through digital-first platforms. The emergence of 60-80 regulated crowdfunding platforms, dozens of real estate platforms, and specialized investment marketplaces demonstrates the market's evolution toward greater accessibility.  * 27:18 Data-Driven Framework for Private Market Investment Analysis  Chris outlines KingsCrowd's comprehensive approach to evaluating private market opportunities using comparative analysis of similarly staged companies. Their methodology examines key metrics, including valuation multiples, burn rates, market size, team experience, and gross margins, to provide sophisticated investors with a standardized evaluation framework. High-rated companies on their 1-5 scale demonstrate stronger performance, with companies rated 4.0 and above showing promising fundamentals and risk profiles. The systematic approach enables wealth managers and investment professionals to conduct efficient due diligence across hundreds of opportunities.  Episode Resources: * Multiple Perspectives is brought to you by https://equitymultiple.com/ [https://equitymultiple.com/?utm_source=famehost&utm_medium=podcast&utm_campaign=multiple-perspectives] * Christopher Lustrino on LinkedIn  [https://www.linkedin.com/in/chrislustrino/] * KingsCrowd Website [https://kingscrowd.com/] * Smarter Income with Real Estate-Backed Private Credit Webinar [https://kingscrowd.com/event/the-case-for-cre-lending-income-opportunities-in-real-estate-private-credit/]

In this episode of Multiple Perspectives, host David Lofgren sits down with real estate investor and tax strategist Dave Foster to uncover the power of 1031 exchanges in building lasting wealth. Foster shares how he strategically leveraged this tax-deferral tool to achieve financial freedom, allowing him to live on a sailboat with his family for a decade while maintaining passive income. They discuss the "Four D's of 1031 Investing," creative portfolio diversification strategies, and how combining tax exemptions can create generational wealth. Whether you're a seasoned investor or just getting started, this conversation offers actionable insights to maximize real estate returns. What You'll Learn: * How to leverage the "Four D's of 1031 Investing * Why planning is the cornerstone of successful real estate investing * The strategic combination of 1031 exchanges and primary residence exemptions  * How to use property conversions to transform tax-deferred investments into tax-free gains * The proven approach to diversifying real estate investments while maintaining tax advantages * Why timing and preparation are crucial for successful 1031 exchanges within the 45-day identification window With 24 years of experience in real estate investing and tax strategy, Dave Foster has helped thousands of investors minimize tax burdens and maximize returns through 1031 Exchanges and Section 121 exemptions. His expertise has enabled countless realtors, title companies, and individuals to keep their equity working while legally deferring taxes. Dave personally used these strategies to fund his dream of living aboard a 53’ ketch with his family for a decade. As a Qualified Intermediary and consultant, he provides investors worldwide with the knowledge and tools to build wealth while staying IRS-compliant.  Episode Highlights: * 10:03 The Four D's of 1031 Exchange Strategy David introduces a powerful framework for tax-deferred real estate investing through the "Four D's": Defer, Defer (market adaptation), Defer (lifestyle alignment), and Die. High-earning professionals can use 1031 exchanges to defer capital gains taxes indefinitely while reinvesting in any investment property nationwide. The strategy allows investors to compound returns on money that would have gone to taxes, with example portfolios showing $12M versus $4.5M over 20 years between exchange and non-exchange investors. The approach provides flexibility to adapt to changing market conditions and personal circumstances throughout one's investing lifetime. Upon death, heirs receive properties at a stepped-up basis, effectively eliminating deferred taxes permanently. * 14:46 Strategic Property Conversion for Tax-Free Wealth Building  David reveals how combining 1031 exchanges with primary residence exemptions can create substantial tax-free wealth. High-net-worth investors can utilize the primary residence exemption to take $500,000 in tax-free profits every two years when selling their home. By converting investment properties into primary residences, investors can transform tax-deferred gains into tax-free profits through strategic timing and proper planning. This technique is particularly powerful for retirement planning, as demonstrated by a Florida realtor who built a portfolio of beachfront condos. The strategy allows for systematic conversion of properties while maintaining maximum tax efficiency and building lasting wealth. * 24:51 Macro and Micro Diversification Framework David outlines a sophisticated approach to portfolio diversification that operates on both macro and micro levels within real estate investing. While many investors focus solely on real estate, true diversification requires exposure to multiple asset classes with different market cycles. The strategy involves building a foundation with W2 income while systematically adding real estate investments, then expanding into passive vehicles like syndications and alternative assets. This comprehensive approach helps high-net-worth individuals protect wealth through market cycles while maintaining tax advantages. Professional investors can implement this by strategically combining active and passive investments across multiple sectors. Episode Resources: * Multiple Perspectives is brought to you by https://equitymultiple.com/ [https://equitymultiple.com/?utm_source=famehost&utm_medium=podcast&utm_campaign=multiple-perspectives] * Dave Foster on LinkedIn [https://www.linkedin.com/in/davefoster1031/] * The 1031 Investor Website [https://www.the1031investor.com/]

In this episode of Multiple Perspectives, host David Lofgren interviews Trisha Talbot, Managing Principal of Doc Properties, to explore the intricacies of medical office building investments, tenant dynamics, and how demographic shifts are reshaping healthcare real estate opportunities. What You'll Learn: - How medical office buildings provide portfolio stability through diverse tenant mixes and high-cost tenant improvements that increase occupancy stability - Why telehealth is enhancing, not threatening, medical office investments by improving efficiency while maintaining the need for physical space - The strategic approach to timing medical property sales to maximize value, particularly for physician-owned facilities - How demographic trends beyond the aging baby boomer population are driving sustained demand for medical office space - The framework for evaluating medical office tenant mix to ensure long-term property value and reduced vacancy risk - Why comprehensive property management is crucial for medical office buildings and how to avoid common maintenance pitfalls - How to balance investor returns with healthcare delivery needs in medical office building investments - The emerging opportunities in sale-leaseback transactions within the healthcare real estate sector Trisha Talbot is the Managing Principal of Doc Properties, bringing over two decades of expertise in healthcare real estate investment and development. As a leading voice in the medical office building sector, she specializes in connecting entrepreneurial clinicians with investors to create thriving outpatient healthcare investments. Talbot has authored two influential books, "Essential" and "Strategic Gains," which provide comprehensive guidance on medical office building investments and sale-leaseback strategies. Her deep understanding of both the healthcare industry and real estate dynamics has established her as a trusted advisor in structuring complex medical office transactions, helping investors navigate the unique challenges of healthcare properties while maximizing investment potential. In this episode, she shares valuable insights on portfolio diversification, tenant mix strategies, and the evolving landscape of healthcare real estate investment opportunities. Episode Resources: * Multiple Perspectives is brought to you by https://equitymultiple.com/ [https://equitymultiple.com/?utm_source=famehost&utm_medium=podcast&utm_campaign=multiple-perspectives] * Trisha Talbot on LinkedIn [https://www.linkedin.com/in/trishatalbot/] * Doc Properties Website [https://docproperties.com/]

In this episode of Multiple Perspectives, guest host Daniel Brereton [https://www.linkedin.com/in/daniel-brereton-06b14785/] sits down with Daniel Holmlund [https://www.linkedin.com/in/daniel-holmlund/], founder of the Alternative Investing Club [https://alternativeinvestingclub.com/], to explore his transition from Intel tech leader to real estate investor. They discuss the rise of alternative investments, the impact of AI on investing, and key lessons from Holmlund’s journey. From risk management to the power of community, this episode offers valuable insights for investors looking to navigate market shifts and build long-term wealth. Tune in for expert perspectives! Join them as they discuss: * From Tech to Real Estate   * Lessons from Hard Money Lending   * The Rise of Alternative Investments * Building a Community of Investors   * Approaching Risk in Alternative Investments   * The Transformative Role of AI in Investing  Daniel Holmlund is the founder of the Alternative Investing Club and Grow Your Business With AI. A software engineer with over 25 years of experience, he helps medium to large businesses integrate AI strategically to stay competitive. He launched the Alternative Investing Club at Intel, growing it into a 1,300-member public network focused on wealth-building through alternative assets. Passionate about education and community, Daniel connects investors with expert insights, fostering partnerships that drive financial growth and revitalization for individuals and communities. Episode Highlights: * 01:01 - From Tech to Real Estate: Daniel shares his transformative journey from a tech leader at Intel to a prominent figure in alternative investing. He reflects on how his family's experience with real estate shaped his understanding of wealth building and legacy. This personal narrative highlights the importance of creating a financial foundation that can be passed down through generations. Holmlund's early exposure to real estate through his grandparents' investment decisions instilled in him a desire to build a legacy, emphasizing that true wealth is not just about income but also about what one leaves behind. * 08:31 - Lessons from Hard Money Lending: Daniel recounts a pivotal experience during the 2008 financial crisis that taught him valuable lessons about due diligence and partnerships in real estate investing. He shares a story about a hard money loan that went awry when his partner defaulted, leading to a challenging negotiation. This experience underscored the importance of understanding who you partner with and being prepared for unexpected challenges. Daniel emphasizes that many partners reveal their true colors only when things go wrong, making conducting thorough background checks and maintaining clear communication crucial. * 09:33 - The Rise of Alternative Investments: The conversation shifts to the growing interest in alternative assets, driven by inflated stock market valuations and rising interest rates. Daniel explains how these economic factors have prompted investors to seek diversification beyond traditional investments. He discusses the appeal of alternative investments as a means to achieve better returns and mitigate risks associated with market volatility. This trend reflects a broader shift in investor sentiment, as more individuals recognize the potential benefits of diversifying their portfolios with alternative assets. * 20:42 - Approaching Risk in Alternative Investments: In discussing risk management, Daniel outlines the critical factors to consider when evaluating alternative investments. He stresses the importance of understanding the sponsor's track record and the market conditions surrounding an investment. He shares that a thorough due diligence process is essential to identify potential red flags and ensure alignment of interests between investors and sponsors. This approach helps mitigate risks and builds trust and confidence in the investment process. Episode Resources: * Multiple Perspectives is brought to you by https://equitymultiple.com/ [https://equitymultiple.com/?utm_source=famehost&utm_medium=podcast&utm_campaign=multiple-perspectives] * Daniel Wayne Holmlund on LinkedIn [https://www.linkedin.com/in/daniel-holmlund/] * Alternative Investing Club Website [https://alternativeinvestingclub.com/]

In this episode of Multiple Perspectives [https://podcasts.apple.com/us/podcast/multiple-perspectives/id1511779490], host David Lofgren sits down with Scott Trench [https://www.linkedin.com/in/scott-trench-53056a22/], CEO of BiggerPockets [https://www.biggerpockets.com/], to discuss the state of multifamily real estate investing. Scott unpacks investors' challenges, from rising interest rates to oversupply in key markets like Austin. He shares insights on timing the market, vetting investment sponsors, and applying dollar-cost averaging to real estate. Whether you're a seasoned pro or new to the space, this episode offers essential strategies for navigating today’s complex investment landscape. Join them as they discuss: * The Current State of Multifamily Investing * Conservative Investment Approach * Understanding Market Fundamentals * Why Location Matters More Than Ever * How to Vet Sponsors and the Importance of Due Diligence * The "Steady Eddie" Approach * Building a Smart Multifamily Investment Strategy Scott Trench is the CEO of BiggerPockets, the world’s largest online network for real estate investors, dedicated to helping individuals build wealth through smart investing. A seasoned real estate investor, Scott co-hosts the BiggerPockets Money Show and is the author of Set for Life: An All-Out Approach to Financial Freedom at an Early Age. As a licensed real estate broker in Colorado, he shares actionable insights to help investors succeed with less risk and greater financial confidence. Episode Highlights: * 07:05 - Limited Exposure Strategy for Syndications: Scott emphasizes the importance of maintaining conservative position sizes in real estate syndications, recommending only 10-15% of an investment portfolio be allocated to these vehicles. This cautious approach acknowledges the inherent risks in surrendering control to syndication operators while still allowing investors to participate in potential returns. The strategy helps protect against catastrophic losses while maintaining exposure to real estate market opportunities. For accredited investors looking to enter the space, this measured approach provides a practical framework for portfolio construction. This guidance is particularly relevant given the current market volatility and challenges facing multifamily investments. * 11:54 - The Three Pillars of Multifamily Analysis: Scott outlines three critical factors investors must evaluate when considering multifamily investments: interest rates, supply, and demand. He explains that interest rate predictions are inherently speculative but necessary, while supply data is concrete and measurable through construction starts and completion timelines. The demand analysis requires both demographic research and a realistic assessment of migration patterns. This framework provides investors with a structured market analysis approach that balances quantitative and qualitative factors. This systematic evaluation method helps create a more thorough due diligence process for those considering multifamily investments. * 24:23 - The Repetition Method for Vetting Sponsors: Scott advocates for a thorough, repetitive approach to evaluating potential investment partners and syndication deals. He suggests spending significant time (potentially hundreds of hours) reviewing multiple deals, attending webinars, and analyzing pitch decks to develop pattern recognition skills. This investment of time helps investors understand what constitutes good versus bad opportunities in the space. The process builds crucial expertise through exposure to various deal structures, sponsor backgrounds, and investment strategies. This methodical approach to due diligence for accredited investors considering syndication investments can significantly improve decision-making quality. Episode Resources: * Multiple Perspectives is brought to you by https://equitymultiple.com/ [https://equitymultiple.com/?utm_source=famehost&utm_medium=podcast&utm_campaign=multiple-perspectives] * Scott Trench on LinkedIn [https://www.linkedin.com/in/scott-trench-53056a22/] * BiggerPockets Website [https://www.biggerpockets.com/]