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Gita Faust This excellent post had to be shared further!

Gita Faust

𝐉𝐕 & 𝐋𝐋𝐂 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐌𝐲𝐭𝐡𝐬—𝐁𝐮𝐬𝐭𝐞𝐝! At the end of the day, it’s all about accounting, bookkeeping, and finances—and whether your numbers are working for you or against you. I have seen too many investors get burned by these myths—so let’s clear them up before they cost you big. And who would know better than 🛡️ Tzvi 'LLC' Weiser. 🚨 Myth #1: LLCs don’t need real bookkeeping or just a bank account. ❌ Wrong. If that were true, I wouldn’t have clients calling me in a panic when the IRS comes knocking. No records? No protection. And trust me, the IRS loves a messy LLC. 🚨 Myth #2: We split profits evenly, so tracking contributions doesn’t matter. ❌ Ever had a business partner conveniently forget how much you put in? Yeah, that gets ugly—fast. If you’re not tracking who contributed what, you could pay more taxes than you should. And guess what? The IRS won’t take your word for it. 🚨 Myth #3: My LLC protects me from everything. ❌ I hate to break it to you, but bad books = no protection. If your LLC finances are messy, a judge can say, "Nope, you’re personally liable!" and come after your assets. I've seen it happen. It's not pretty. 💡 The secret? It’s not just about structure—it’s about flawless accounting and bookkeeping. If your books aren’t airtight, the IRS, courts, or creditors can tear it all apart. Big money moves require big money bookkeeping. 𝐘𝐨𝐮𝐫 𝐉𝐕 & 𝐋𝐋𝐂 𝐢𝐬 𝐨𝐧𝐥𝐲 𝐚𝐬 𝐬𝐭𝐫𝐨𝐧𝐠 𝐚𝐬 𝐲𝐨𝐮𝐫 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠. 📊 Keep it clean, keep it legal, and keep control. What’s the worst JV or LLC bookkeeping myth you’ve heard? 👇 Let’s swap horror stories.

Rigor versus Chaos Every business faces crucial choices every day. Order or unpredictability, structure or flexibility? Rigor builds consistency and trust. It sets the stage for reliability and efficiency. But chaos, when embraced, can spark innovation and adaptability. It's the birthplace of groundbreaking ideas. As leaders, we must balance both. Create a solid foundation for your team. Yet, allow room for creative freedom and risk-taking. Think about Apple under Steve Jobs - structured chaos at its best. The real question is: How can you harness both to drive growth? Let’s choose mindfully: Rigorous stability or innovative chaos? Hunter Thompson is one of my mentors working with me to balance rigor and innovation. So are members of his RaiseMasters and Capital Collective masterminds. Your thoughts? How do you navigate these choices in your business? ⬇️

Once you’ve decided to become a real estate investor, multifamily and single-family homes are two of the most popular choices for building wealth. Each type of property has its own set of advantages, but multifamily real estate often offers more opportunities for consistent income, scale and financial gain on the exit.

The Benefits of Investing in Multifamily Real Estate vs. Single-Family Homes

excalibretexas.com

Why Do I Worry about Interest Rates in the U.S? Interest rates shape our lives. Certainly, those of multifamily real estate investors! Rising rates can make borrowing more costly, impacting everything from mortgages, business loans, autos to student loans. And that's just the tip of the iceberg. It's not just about economics—it's about everyday life. Interest rates influence consumer spending, business investments, and even stock market swings. Watched the U.S. stock markets this week? Shopped for eggs lately? I heard a podcast and Robert Kiyosaki discussed Powell channeling Volker. Yikes! For individuals, it might mean reevaluating financial goals and strategies. Some of my friends and family are not happy about the egg surcharge at Waffle House. I'm not wanting a staycation or Spam for dinner! I want to buy wine and champagne for my daughter's upcoming wedding. For businesses, higher rates can mean less capital for innovation, expansion or acquisitions. Some of my multifamily investments are requiring more capital! I will continue to reach out to many general partners! Understanding these changes can empower us to make smarter decisions. That's why I'm on Zoom calls with Brad Sumrok and Hunter Thompson. I'll be on State of the Market webinar with Kaliser & Associates on Tuesday. Stay informed and proactive my friends in navigating these shifts. FYI, Interest rates remain unchanged, and markets are rather flat. Keep watching! What strategies are you using to adapt? Go ahead and send me a comment! ⬇️

2025/04/01

Evelyn Shen, PharmD Multifamily real estate is about relationships. Some brokers are more transactional. I also prefer to work with active listeners. You'll get more than an OM, T12 and Rent Roll from those engaged men. It's mostly men. I'm okay with that and I bet you are too.

Evelyn Shen, PharmD

6 days ago

His arrogance cost him the deal. I made sure of it. A few months ago, I called a broker about an apartment building he had listed. It was a standard conversation—asking about the property’s condition, seller motivation, and potential room for negotiation. Then came his response: "If you’re thinking of offering below the asking price, this deal isn’t for you." Not just firm - rude. Dismissive. No interest in a conversation. So, we hung up. Months later, my phone rings. It’s the same broker. The property is still sitting on the market, and now he’s wondering if I’m still interested. What do you think I did? As much as I liked the deal, I walked away. Because deals come and go. But the people you work with shape the experience. I refuse to work with someone who lacks basic respect and sees relationships as transactional rather than human. Be kind. It costs nothing. And in business, it could cost you everything. What’s your take - should you ever separate the deal from the person, or are relationships everything?

Shout out to Andre Shook, RD, CD, CPT, LWM for my coaching session on Friday!

Bedrock for investments! Thanks for this post today, Amanda Larson, MBA.

Amanda Larson, MBA

👠 Shoes, handbags, and hairstyles should follow trends. Your investments? They should follow fundamentals. Let’s face it—most investments rely on trends. 🔻 Tech stocks surge, then crash. 🔻 Crypto spikes, then fades. 🔻 Even “safe” companies can lose steam as industries evolve. But real estate? 🔹 People will always need a place to live 🔹 Good locations will always matter 🔹 Rents will always rise over time That’s why real estate isn’t built on hype. It’s built on bedrock. In a culture addicted to what’s trending… Real estate is grounded in what doesn’t. It doesn’t depend on luck, timing, or headlines. It depends on fundamentals—real people, real places, real demand. While others chase the next big thing, Real estate investors build wealth on what lasts. 👉 Because when the noise fades, fundamentals still stand. Which would you rather build on? A) Trends B) Bedrock

Not at all Levi Blum!

Levi Blum

Did you ever think twice about investing because you thought it would impact your credit? #realestate #investment

Evelyn Shen, PharmD Just like K. Trevor Thompson I too struggle with work life balance. I'm working with coaches in this quadrant of my life. Thanks for this reminder today.

Evelyn Shen, PharmD

You’re exhausted, but you keep going. You power through 10 to 12-hour shifts. You manage your team's needs, your family’s schedule, and maybe, just maybe, you squeeze in a quick workout or a chapter of your favorite book. And still... you feel like it’s not enough. I see you. And I want to know: You don’t have to do it all. You don’t have to carry the weight of your financial future alone. There’s a way to build a better financial future that doesn’t require hustle or late-night research. That’s the power of passive real estate investing. Not because it’s trendy. But because it offers you space to breathe. To rest. To reclaim your time without adding more to your already full plate. It’s not just for the ultra-wealthy. It’s for the overworked. The overlooked. The ones who’ve earned peace, not just a paycheck. If this resonates with you, leave a ❤️. Or share what rest looks like for you right now. -- If you liked this post and want to learn more about building passive income through real estate—and a different way of earning & thinking... Follow me ➔ Evelyn Shen, PharmD

Women Investors are a Future Wave of Wealth Women investors are not just participating; they're leading the charge. Did you know that women control over $10 trillion in U.S. assets today? This isn't just a trend. It's a transformation. Women continue to gain more financial independence, their influence on markets grows exponentially. This includes real estate as investments. Not the house with the white picket fence! We invest differently, often with a focus on sustainability and long-term value. Additionally, we grow wealth for our family and change our family's legacy! We are more conservative than men as investors. This is reshaping communities, funds, syndications, real estate, industries, driving innovation, impacting economies at a global scale and changing our societies. It's an exciting time! Businesses, investors, mentors, family offices and financial institutions: are you ready to meet our expectations? Embrace our wave of women. Adapt and thrive. Let’s celebrate and support women taking the reins of our own financial futures. Join the conversation: How can we further empower fellow women investors to maximize their impact? Leave a comment below. ⬇️

2025/03/29

Drew Breneman Job well done. You landed a successful exit and created value. I' be the LPs received "white glove" service via investor relations GP. Thank you for sharing today!

Drew Breneman

6 days ago

What you see: A 29% IRR What you don’t see: - The roof we replaced - The carpeting we put down - The new water heaters we put in - The hardwood floors we refinished - The new toilet models we swapped in - The new furnaces and AC units we installed - The repainting of the entire building we completed - The 2 kitchens and several bathrooms we fully renovated We bought this property in Chicago’s Lakeview neighborhood in 2018. I was talking to a broker buddy of mine who sells retail properties and previously lived in the top-floor unit a year or two before we bought it: - He was paying $3,000/month. - We were getting $4,750/month for that same unit when we sold it in 2024. The property needed significant improvements (see above), so the seller wanted an experienced buyer. A broker who knew our track record thought of us and reached out. We executed our plan, and in the first 18 months, we: - Increased annual rental income 20%. - Distributed more cash to our investors than was initially invested into the property. - Executed a refinance with a $2.09MM loan amount, exceeding our cost basis of $2.07MM. When we sold the property in April 2024, we had increased the annual income by 38% from the acquisition date to the sale date. Achieving strong returns in real estate is rarely easy. But it’s not supposed to be. Disclaimer: This is not an offer to sell or a solicitation to buy securities. Past performance is no guarantee of future results, and investors may experience different results than those shown, including the loss of principal. You should not rely upon forward-looking statements as predictions of future events.

2025/04/02

Amanda Larson, MBA Real estate syndications provide more freedom for my family hands down! Thanks for this reminder today!

Amanda Larson, MBA

3 days ago

Time to bust another myth. Not all wealth feels like freedom. A few days ago, I had a conversation with a woman in her early 40s. She’s an engineer who’s worked in energy her entire career. Smart. Experienced. Accomplished. She’s at a point where she wants more flexibility— More time for her family. More control over her schedule. She has some investing experience But she’s been putting every extra dollar toward her mortgage. Paying it down as fast as possible. “Because that’s what you’re supposed to do, right?” But now she sees it. This doesn't give her: 🔻 Liquidity 🔻 Cashflow 🔻 Options She said: “I thought I was being responsible. But now I’m realizing… my money is just sitting there - trapped. She’s not alone. We’ve been taught that debt-free = freedom. But sometimes, it just means your money is locked away. Wealth without access… isn’t freedom. Most professionals aren’t getting ahead as quickly as they want. Not because they’re not working hard. Not because they’re not saving. But because they’re relying on a system that isn't focused on building wealth. The key isn’t saving - It’s investing in assets that grow your wealth passively. For me, that’s real estate syndications: This is how I—and many others—build financial independence without relying on a volatile stock market or 401(k). 💬 Ever looked at your financials and thought: “Why doesn’t this feel better than it looks on paper?” You’re not alone, and you're definitely not crazy. Let’s talk about it.

2025/03/29

I am a guest on the podcast The Glowing Beyond Show today Denise O'Reilly.

Denise O'Reilly

7 days ago

Imagine Your Goals as If They’ve Already Been Achieved Here’s a secret to success that most people overlook: You have to live as if you’ve already won. ::: Close your eyes. ::: Picture your biggest goal. Now imagine it’s done. You’ve achieved it. You’re living the life you’ve always dreamed of. You’ve: • built the business. • closed the deal. • created the impact you set out to make. How does it feel? What does your day look like? How do you show up for yourself, your family, and the world? When you start acting today like the person you want to become you speed up the process. ✅ Want to build a thriving business? Start making decisions like a successful entrepreneur. ✅ Want to live a healthier life? Show up to the gym and meal prep like the healthy version of you. ✅ Want financial freedom? Manage your money like the person who’s already free. This mindset shift is powerful. Because when you embody your future self you naturally attract the • habits • opportunities • people who align with that vision. The hardest part? Believing in yourself enough to start acting the part before it’s real. But here’s the truth: It’s only a matter of time if you stay consistent. So today, ask yourself: What would the future me do right now? Then go do it. Success starts with belief —and belief starts with imagination. Your future self is waiting. What’s one way you’ll step into that vision today?

How I Overcame My Fear of Large Investments 😱 Investing large sums can be daunting, but it's a crucial step toward financial growth. The turning point for me? Realizing fear is merely a lack of knowledge. I dove deep into research, understanding markets, and assessing risks. I first hired a coaching team in 2005. I now sponsor the Real Estate Club (REIClub in Fort Worth, Texas) of one of those coaches Jimmy Reed. I sought mentorship from seasoned investors, who shared not just strategies but also stories of their initial fears. Learning from those who walked the path before me was invaluable. My mentors are Brad Sumrok and Hunter Thompson. I am in their masterminds as well. Those are Millionaire Multifamily Mastermind and RaiseMasters. April virtual meetings were yesterday. My breakthrough came when I shifted my mindset: Every investment is a learning opportunity, not just a financial decision. This perspective made risk-taking a natural part of growth. I already had the cross skills as a Financial Analyst and a Sr. Business Analyst to make this transition as an investor. This gave me confidence! Today, I embrace large investments with confidence and sophisticated strategy. It's not just about the money—it's about building resilience, forming business relationships, and opening doors to new opportunities. My partner Dan Riddle and I, who are Accredited Investors, continue to add investments! Are you ready to face your investment fears and unlock your potential? Will you allow fear to keep you stuck? Let's connect and share savvy strategies for fearless investing. Leave your comments below. ⬇️ eBook looks like a May 2025 launch. A multi-author book, The Network Effect, will be available after Book Launch Party June 4, 2025. Both will be great tool from my toolkit to yours.

Is a Degree Needed? All three members of the Riddle family have degrees. Dan Riddle and I have MBAs. I see our advanced degrees as a trust building credential. Dan and I have created three companies together. We are building trust in our LinkedIn posts. Why not have advanced credentials that add trust in transactions? If I had chosen to go the no degree path, what would have happened? I would have been in construction work like my dad or small manufacturing like my mom. It was not theory! I worked my way through college to have another path that I chose! Not all my entrepreneurial relatives chose a college education. I had uncles who stayed paying higher taxes and remained self-employed. So did my dad. No investments in these three families. None of the 19 children of these three families had college educations funded by their entrepreneur parents! I chose a very different path for my daughter! Even a long-time entrepreneur friend chose a couple of degrees. This added credentials for his company's roofing offerings. It's worked well for his Business-to-Business customers. I also have friends who are attorneys, physicians and nurses. Everyone prefers credentials for those professions! I keep hearing from many people in many sectors that a business degree in particular is unneeded. I'm still skeptical! I'd love to hear your thoughts on this matter. I am honestly flabbergasted on this topic! Please comment below. ⬇️

Are you touring your investment properties post-acquisition? March, April and May are the months Dan Riddle and I will be touring our Dallas/Fort Worth multifamily properties. We are limited partners (LPs) on these properties. This is just one of our business best practices. Let me know your thoughts on this topic. Leave your comments below. ⬇️

What Sets Successful Multifamily Investors Apart from the Rest? Success in multifamily investing is never accidental. It's a blend of sharp traits, robust habits, and powerful strategies. Using well established cross skills are also foundational for success. My cross skills are in financial and business analysis. First, discipline is the backbone. Follow Ryan Holiday for more tips on Modern-Age Stoicism. Subscribe to his Daily Stoic newsletter and read his books. Additionally, every successful investor swears by consistent financial planning and sticking to clear investment principles. For me, it's knowing what's in my Buy Box in additional to Conservative Underwriting in multifamily Real Estate. Also, understanding Key Performance Indicators (KPIs) and financial reports for best multifamily portfolio management. Next, deep market research. Grasping market trends enables them to capitalize on lucrative opportunities others overlook. I will be on a Millionaire Multifamily Mastermind Virtual Gathering on March 19th. Strategic networking is non-negotiable. We build relationships with key industry players, gaining insights and opening doors to selective investments. I am in two mastermind communities, Millionaire Multifamily Mastermind and RaiseMasters. Brad Sumrok and Hunter Thompson are the mentors of these two masterminds. I am also contributing a chapter to "The Networking Effect: Unlocking Success Through Connections" launching in June 2025. Thank you, Ken Walls, for this opportunity. My eBook is now in edit mode. Thank you, Tim Crouch and Sandra Robinson. I am on podcasts and mentoring meetings every week. There's always so much to unpack! I have a YouTube channel for those podcast guest interviews. Check out both the newest and oldest content. I share hard earned wisdom and industry knowledge. Additionally, I embrace adaptability. The market changes and so must Dan Riddle and I. We pivot using data-driven decision-making tools. Monthly Reports are part of this. Stay informed and follow up with general partners frequently. I advocate for an Investor Day for each property! Additionally, pivots at crucial times, have allowed us to expand more than one company. Are you ready to elevate your investment game by adopting these habits? Let's discuss how you can implement these winning strategies today! Send me a comment. ⬇️

What is Syndication in Real Estate and How Can It Benefit You? Ever wondered how to scale your real estate investments beyond single properties? Think syndication! This powerful strategy pools resources from multiple investors to tackle larger, potentially more lucrative properties that might be out of reach individually. I learned about this in 2015 from Brad Sumrok. Why syndicate? Leverage the expertise of seasoned operators while spreading risk among partners. Enjoy passive income without the day-to-day management headaches. Invest in diverse markets for balanced Real Estate portfolios. Access opportunities typically reserved for big players like Institutions or Family Offices. Imagine investing small but thinking big. With syndication, you're not just partnering with investors, you're joining a team aimed at maximizing gains. You are a business owner! Ready to amplify your real estate strategy and explore syndication? Let's connect and dive into possibilities together! Thank you to Lee Nugent and Jaye Miller for reaching out to me after a H.E.R.O. Alliance Capital Raise Party with Tim Mai 😎🎙️! Also, thank you to Jimmy Reed for giving Dan Riddle and I an opportunity to present on the topic of syndication at 1reClub in Fort Worth, Texas in 2024. I continue to be honored by the support and comments! ⬇️

How's your Wealth Thermometer? I know it's windy and cool outside for many of us today. I typically check an app on my cell phone. That's not the thermometer I'm referring to. I'm talking about your Wealth Thermometer. Do you have one yet? Do you know how it works? Dan Riddle, Hunter Thompson, Brad Sumrok, Gita Faust, Catherine Bell, Jennifer Conkey, Tim Mai 😎🎙️, Arleen Garza (CAM, CAPS), Jimmy Reed, Lisa Landry, Walt Johns, Caiyun Johns, Christopher Nelson, Tyler Lyons,Courtney Moeller, DEBBIE ULANDAY, Amber Golden, Gib Irons, Hoa Nguyen, Michael Guthrie and Samantha Guthrie all have a Wealth Thermometer. Go ahead and leave a comment. Let's peg this out today! ⬇️