The Alternative Investor

Private Credit is a favored asset class among ultra high net worth investors. Due to its much higher return and reduced risk profile, we believe it should replace a large percentage of bond allocations in investor portfolios. This episode covers a few of the basics to set the foundation for later podcasts that will go deeper into the weeds on Private Credit investing. Private credit has existed si...

Access GP Stakes Research: https://evergreencapital.ck.page/a03f9580fe GP Stakes investing is Brad's favorite alternative investment asset class - learn why in this episode.  Evergreen Capital www.evergreencap.com info@evergreencap.com Hosted on Acast. See acast.com/privacy for more information.

Evergreen Capital www.evergreencap.com info@evergreencap.com Hosted on Acast. See acast.com/privacy for more information.

Today is an incredibly big day! Grayson may be closing on a huge deal tonight. It’s been a long time coming but it’s finally happening! He quit his last job about 3+ years ago and since then he’s been looking to buy a business and has gone through about 5000 different companies, sorted through many different websites, and talked to lots of different owners — but it was all worth it, because he’s f...

et’s say you find yourself in the fortunate position to have a wonderful asset that you’ve operated for a number of years — whether it’s real estate or an operating business — and you’re ready to sell it. And now, you’re faced with the decision of how to actually sell it. Do you hire a banker or a broker? And if so, how do you go about finding a good one?  Today we’re answering both of these...

After 2 ½ years of looking for a software business to buy with my partner, I think we’re finally getting towards the end! And at the end of the due diligence process when you’re going to buy a company… you’ve got to sign a purchase agreement. This purchase agreement is the big contract; it’s the document that lays out all the final terms and conditions. And when it’s signed, the money is wired — a...

Today is going to be our all-encompassing, definitive episode all about on cap rates! What are they? How they are used? What’s the whole deal here? Tune in to find out! We discuss how they relate to interest rates, what they indicate, what they’re useful for, what they’re used for on a day-to-day basis in real estate investing, and how you should be thinking about cap rates if you’re thinking abou...

In this episode we’re going to be talking about investor relations — i.e. staying in touch with your investors and maintaining good relationships with them.  Investors are people too, y’know! Just like your friends or spouse, they want to be kept in the loop and know what’s going on. They’ve given you money to go out and do a job… But they don’t want to just give you the money and be left in...

Today’s episode is all about taxes! Specifically, we’re going to be talking about K-1s. A K-1 is a tax form that you get from private investment (typically an LLC.) on an investment you’ve made. This is the tax form you’re going to get yearly from that sponsor so you can pay your taxes on that income. If you’re ever going to be making investments in alternative assets, most likely you’re going to...

Productivity and how you get things done on a day-to-day basis is an ever-present issue for most everyone — including those in investing and alternative investing. There’s lots to do on a daily basis and you’ve got lots to juggle, so we want to help you make sure that you’re focusing on the right things to truly maximize your productivity! Tune in to learn more about how to prioritize the right ta...

We’ve talked about finding deals, sourcing deals, putting a pitch deck together, raising money, and all that stuff — but we haven’t yet talked about how to go about raising debt for a real estate project. So today, we’re going to outline how to get debt from the more conventional (or traditional) sources. We’ll be covering: seller financing, regional banks, agencies that are representing Fannie an...

We’re getting technical today — so fasten your seatbelts, buckle up, take an extra sip of coffee and get ready for today’s show.  We’re going to be diving into the topic of the three most important investment metric:; NPV (Net Present Value), IRR (Internal Rate of Return), and MOIC (Multiple on Invested Capital.) These metrics are incredibly valuable because, at the end of the day, these are...

We’ve talked about sourcing and analyzing deals — but, we’ve yet to really get into the details of what goes into the pitch deck. The pitch deck is the document you’re going to send out to your investors to let them know about the deal, market it to them, and give them the opportunity to make a decision. So today we’re going to talk about when you’re going to go out and buy a business, what should...

This week on the show, we’ve invite on a real estate expert: Moses Kagan! Moses is a partner of Adaptive Realty — a property management company in Los Angeles. Adaptive Realty has a unique strategy with apartment buildings; instead of simply buying buildings and repainting and upgrading appliances, they do huge, wholesale renovations. They vacate all the tenants and completely redesign the propert...

We’ve spent a lot of time on this podcast telling you how to find alternative investments — how to buy them, how to raise money for them, and more — but we haven’t talked a lot about what to do after you close.  It’s really no exaggeration to say that a lot of stuff happens after closing — so today, we’re going to get into everything you need to know about what happens after you buy a real es...

Just as this title says, we talk to guy who bought a business with an SBA loan! Nick Haschka is an entrepreneur and investor who lives in the San Francisco Bay Area, with his wife and two kids. He owns a small business called The Wright Gardner, which is a plantscaping business (where they help companies maintain beautiful plants around the office). He purchased The Wright Gardner along with two o...

We often get emailed by 25-35 year olds interested in getting into private equity, venture capital, or real estate private equity, wondering if it’s worth it or not to go get an MBA.  Both Brad and I have our MBAs (which serve us well) — but there are definitely pros and cons to getting an MBA. So we thought it’d be a good idea to address this question and get into all the juicy details of wh...

Use a self directed IRA to make private investments for higher returns Hosted on Acast. See acast.com/privacy for more information.

Today’s going to be a fun episode because we’re really excited to talk about today’s topic: SBA loans. If you think you need $1 million to get started in buying a company then this episode is for you. You don’t always need to have the capital or the rich uncle — there’s another way. In this episode we’re outlining everything you need to know about SBA loans — specifically the SBA 7(a) loan — and h...

In this episode, we’ll take you below the surface for a much deeper analysis on all the variables you need to take a look at before closing the deal. Key Takeaways: [:13] You’ve been running a great piece of real estate for the last two years and then suddenly you get a fantastic unsolicited offer… so, what do you do? [1:06] Brad walks us through how he thinks about a hold vs. sell analysis. [4:23...

oday’s episode is about Covered Land Plays!  A Covered Land Play is when you buy a property based on the existing use of that asset… but, what you’re really buying for is the land (in the hopes that someday it’s going to be redeveloped by you, or, perhaps the next buyer.) It has limited downside, because of the current cash flow, with big upside — so it makes for a very interesting investment...

Today we’re talking about an incredibly important topic: the dangers of mistaking EBITDA with Cash Flow. It’s so tempting when you’re looking at a lot of these small businesses to buy and you see this metric called EBITDA and you think, “Hey, this is how much cash I’m going to have distributed at the end of the year to my investors.” But looks can be deceiving.  So in this episode, we want to...

In this week’s episode, Brad and I discuss search funds! We explain what a search fund is (and who’s funding them), the four main steps, how they originally got started, who they’re great for, and why you should use one. We also talk about how my partner and I founded our firm, Stables Partners; the process of acquiring companies through search funds; and the general, broader community around sear...

In today’s episode we answer one of the questions that we probably get most frequently from people looking to break into the industry, and that is: ‘Once I’ve found the deal, how do I make it happen?’  Using the example of discovering a $10 million deal and looking at it from both the private equity side and real estate side, we take you through the steps on how to secure it, raise the necess...

Today’s episode may not be about the happiest of topics — but it’s definitely a necessity. So today, we’re discussing all things retrade. We’re going to explain the ins and outs, give some examples, explain how we handle them, and give you some advice and key takeaways with negotiating. At the end of the day, we hope you don’t have to have these types of conversations too often — but when you do,...