In this episode, we explore the inspiring journey of Geoff Stuhr, a former college football player who transitioned from a corporate sales role to a thriving career in real estate investing. Geoff shares his experiences, from his initial investments in duplexes to navigating the complexities of syndication deals and fund structures. Their conversation highlights the importance of leveraging sales skills in real estate, the strategic focus on industrial properties, and the nuances of team management and leadership. With valuable insights and actionable advice, this episode is packed with lessons for aspiring investors looking to make their mark in the real estate industry. Chapters: 0:31 Transitioning from high-paying job to real estate 3:32 Career transition into sales 6:11 Benefits of 100% commission sales 9:47 Business growth and real estate investments 13:34 Early real estate investment reflections 16:43 Challenging syndication deal 20:05 Real estate challenges and financial struggles 23:20 Overcoming initial fears in property rental 26:42 Balancing full-time job with property investments 29:44 Real estate syndication and investment strategy 33:29 Transition to industrial real estate in Wisconsin 37:32 Mistakes in initial investment deals 40:39 Legal costs and business strategy 43:55 Seven-year hold strategy and flexible investment options 47:36 Investment tiers and returns 51:21 Family investment and profit interests 54:38 Navigating unexpected aspects in property deals 57:18 Leadership and problem-solving methods 1:00:41 Property management strategy for occupancy and revenue improvements 1:02:12 Project management strategies for remodels and efficiency 1:04:37 Leadership and efficiency in business growth 1:09:23 Learning from failures in business ... See more
In this episode, Justin Spalding engages in a captivating conversation with Cody Wiseman, the visionary behind Wiseman Capital. The discussion centers on Cody's remarkable journey from a construction background to becoming a prominent figure in real estate investing. Listeners will gain insights into Cody's ambitious hotel conversion project in Madison, Wisconsin, where a former Super 8 is being transformed into 129 studio apartments. This episode is packed with valuable lessons on overcoming challenges, securing financing, and the importance of perseverance in the face of adversity. Cody and Justin also share actionable advice for aspiring real estate investors, emphasizing the power of commitment and the potential for transformative change. Chapters: 0:00 Intro: Cody Wiseman joins to discuss projects 5:40 Importance of energy and effort in events 10:16 Hotel conversion project overview and background 15:43 Challenges with utilities and deed restrictions 23:53 Biggest surprises and overcoming obstacles 37:55 Raising capital and investor relationships 44:29 Lease-up projections and marketing strategies 48:14 Advice for aspiring real estate investors
In this episode of the "Let's Get It" podcast, host Justin dives into the intricacies of cap rates in real estate investing, challenging the conventional wisdom of relying solely on these figures. He shares insights on why cap rates can be misleading and emphasizes the importance of a comprehensive approach to evaluating properties. Through detailed examples, Justin illustrates how focusing on multiple factors can uncover hidden gems in the market. This episode is packed with practical advice and real-world scenarios, offering listeners valuable strategies to enhance their investment decisions. Chapters: 0:00 Intro: Cap rates and whiteboarding session 5:06 How cap rates can be manipulated 10:13 Real-world example: 246-unit property analysis 15:22 Importance of looking beyond cap rates 19:56 Evaluating deals from multiple angles
In this episode, we explore the transformative journey of Brian Keller, owner of QBC, a leading construction company. Brian candidly shares his evolution from a self-proclaimed "shitty boss" to a visionary leader who prioritizes employee development and company culture. Listeners will gain insights into QBC's innovative leadership programs, strategic hiring practices, and ambitious growth plans. Brian's commitment to engaging youth in the construction industry highlights his dedication to fostering the next generation of leaders. This episode is full of valuable lessons and inspiring stories that underscore the importance of caring for people to drive business success. Chapters: 0:00 Introduction to episode and guest Brian Keller 3:44 Employee-Focused Business: Starting a company prioritizing employees' needs 6:53 Realization and Business Challenges 10:19 Importance of listening to team members 12:16 Understanding labor burden and continuous learning 15:31 Business Growth Strategies: Goal setting and learning from others 18:52 Investment Strategy: Discussing a major investment for growth 21:39 Leadership Development: Self-growth for effective leadership 24:37 Leadership Development: Joel's journey from carpenter to business development 28:43 Autonomy and Decision-Making: Empowering employees 31:47 Alignment and Growth Strategy: Focus on mergers and acquisitions 35:01 Employee Perspective: Company culture and growth opportunities 38:30 Culture and Fit: Importance of aligning with company values 41:14 Interview Process and Team Fit 44:41 Task-Oriented Approach: Shifting focus from roles to tasks 48:18 Right person, wrong seat: Role changes and their impact on strategy 51:43 Weekly Meetings and Team Motivation 54:54 Election Impact on Projects: Contingency plans based on election outcomes 57:34 Company Strategy: Focus on field relationships 1:01:10 Leadership Program for Young Graduates 1:04:03 Concerns about employee disengagement 1:07:17 Employee Retention and Culture: Becoming a 'Tigger' and employee loyalty
In this episode of the "Let's Get It" podcast, Justin dives into the art of effective goal-setting and maintaining motivation. The discussion begins with the pitfalls of New Year's resolutions, highlighting why waiting for a specific date to initiate change often leads to failure. Instead, listeners are encouraged to pursue goals whenever inspiration strikes, emphasizing the importance of setting meaningful long-term visions. The host shares personal insights on achieving ambitious goals ahead of schedule, underscoring the value of writing down objectives regularly to maintain focus. The conversation shifts to the necessity of action over mere daydreaming. While having a vision is crucial, the host stresses that progress requires ground-level work, such as taking tangible steps toward achieving goals. Breaking down long-term objectives into smaller, actionable steps is presented as a strategy for creating a clear roadmap and ensuring consistent progress. The episode concludes with a focus on setting energizing goals that fuel passion and motivation, even on tough days.