Real Estate Underground

Sal Suleymanov's parents came to the United States from the former Soviet Union with $100 in their pocket. He was born here. He still considers himself an immigrant. That framing shows up in everything about how he runs WeLend, the New York City private lending firm he started in 2018 with his brother and two cousins. Today WeLend has originated more than $600 million across more than 1,300 b...

When Michael Drew was teaching the stock market for a living, his strategies of choice were covered calls and iron condors. The math worked, but the model did not scale. Even with a million dollars of capital, only about $100,000 could be productively deployed in a premium-selling strategy. It was, in his words, another job. Then a coworker pulled him aside. The man was a UPS executive who had bou...

Ed sits down with John Bernard and Terry Myers of Southview Timberland Investments, a Georgia-based fund buying mid-sized Southeastern pine timberland with a four-plus revenue strategy on every acre. John spent 15-plus years at JP Morgan, Smith Barney, and Wells Fargo Advisors, scaled a wealth management practice from zero to over $100 million in assets, then co-founded and sold a publicly-traded...

Joel Miller has owned rental property for 47 years. Last month, by his count when this episode was recorded, he celebrated the anniversary. He has flipped over 100 houses since 1991. He has been hard-money lending to local investors since 2018. Before any of that, he was a pioneer of the mobile DJ business in the Erie, Pennsylvania area, with 5,057 appearances over 35 years on the books before he...

Chris Long is a Canadian carpenter who got tired of trying to find a place to park his work trucks and store his materials. There was no good answer in the market. Industrial outside storage was being sold in one-to-three acre triple-net leases on raw dirt with no fencing and no security. Anything smaller than that simply did not exist. So he built one. Then another. Now Long Yards is a contractor...

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Zihao Wang is the CEO of Motiva Holdings, the real estate arm of a second-generation family office that he took over in 2016. His parents started the family business in fashion in the early 2000s and used the deposit relationships from that operation to make the family office unusually bank-friendly on the debt side. The real estate strategy is nationwide multifamily value-add, primarily in Southe...

Christian Osgood is the YouTube guy Ed admits to stealing from on a regular basis. He started investing in Washington State on the Dave Ramsey method while everyone else was reading Kiyosaki, save up, buy a duplex, save up again. Eight years in, his rentals were paying his mortgage. Then he met a 19-year-old named Cody in the same office who had 30 rentals on a couple of seller-financed deals and...

Cliff Nonnenmacher spent his earliest career years as an investment banker at Salomon Smith Barney managing about $250 million, then left in 2003 because the buy ratings on Enron, WorldCom, and Williams Co had broken the firm's credibility in his head. He needed to be on his own. He landed in franchising, founded Frannocity with his business partner Justin, and now sits at the matching end of...

Peter Neill is co-founder and partner at GSPREI, a vertically integrated real estate investment firm focused on single-family redevelopment in the workforce-affordable housing space. The team is operating primarily in Baltimore and Philadelphia, buying dilapidated and blighted homes at deep discounts, running them through their in-house construction crews, and either leasing them long-term against...

Kevin Bupp is CEO and founder of Sunrise Capital Investors, a boutique private equity firm that does exactly two things and nothing else: mobile home parks and parking facilities. He bought his first property at age 20 and has been a full-time investor his entire adult life. By 2007, his portfolio was 122 single family homes across five counties plus a few small multifamily buildings up to 72 unit...

Join Ed Mathews from Real Estate Underground as he dives into an enlightening conversation with CJ Ledy, a mindset coach and real estate investor.  In this episode, CJ shares his inspiring journey from real estate sales to owning RV parks, and how a mindset shift transformed his life. They explore topics ranging from the importance of focus and commitment in business to CJ's intriguing philos...

In this episode of Real Estate Underground, host Ed Mathews interviews Krista Reuther from TurboTenant to explore the pivotal role of technology in real estate management.  They discuss how TurboTenant's all-in-one property management solution benefits landlords and property managers, trends in the multifamily market, and the importance of correct insurance coverage. They also cover creative...

Join Ed Mathews on this episode of Real Estate Underground for an exclusive interview with Steve Schull, a renowned performance coach. Steve shares his inspiring journey from playing in the NFL to becoming a top Wall Street professional and ultimately a premier real estate coach.  With over 32 years of experience and 60,000 hours of one-on-one coaching, Steve divulges his six core building blocks...

In this insightful episode of The Real Estate Underground, host Ed Mathews sits down with industry expert Eddie Speed to delve into the fascinating world of mortgage notes.  Eddie, with over four decades of experience and 50,000 notes bought, shares his journey from starting in the note buying business in 1980 to becoming a specialist in seller financing.  He discusses the nuances between institut...

Marcus Thomas from Christopher Alexander Holdings joins us to unravel the complexities of real estate development with a special spotlight on public-private partnerships and workforce housing. Delve into the nuances between affordable housing and workforce housing, and discover how understanding area median income can transform development strategies. From tracing the roots of housing issues to po...

What if you could transform overlooked properties into thriving communities while also transforming your own life? Join us as we chat with Andrew Reichert from Burgo Capital, who shares his journey from a rebellious young man to a trailblazer in real estate inspired by "Rich Dad, Poor Dad." Learn how Andrew acquired his first duplex with no cash, experience, or credit, marking the beginn...

Unlock the secrets of real estate success with Andrew Freed of Freedom Management as he shares his transformative journey from a traditional career to becoming a thriving real estate investor. Inspired by "Rich Dad, Poor Dad" and the turbulence of the COVID-19 pandemic, Andrew chose to forge a new path towards financial freedom. Discover how he strategically invested in multifamily prope...

Unlock the secrets of successful real estate development and investment as we sit down with Dale Wills from Centra Companies. Discover how Dale transitioned from banking and construction to shaping entire communities like Saratoga Springs, Utah. Learn how Centra Companies thrived by transforming distressed properties post-2008 market crash into flourishing assets, partnering with banks to create w...

Unlock the secrets to financial freedom with our special guest, Mark Willis, a certified financial planner and best-selling author. Discover how Mark transformed his life from being overwhelmed with debt to mastering innovative financial strategies that can empower you too. In this engaging episode, we promise to reveal how whole life insurance policies can be your ticket to greater financial auto...

Discover the secrets of real estate syndications with Richard Crouch, a distinguished attorney whose legal expertise spans 19 states. Richard sheds light on the intricate world of real estate law, offering insights into topics like historic tax credits and opportunity zones that can reshape your investment strategies. Learn why "time kills deals" and the importance of transparency and ho...

How does a journey from real estate investor to CEO inspire a quest for financial freedom and purpose? Join us as Pete Neubig, the visionary behind VPM Solutions, shares his incredible path from managing Class D properties to pioneering a new model in remote property management. Pete reveals the pivotal moments, challenges, and personal growth that have shaped his career, offering listeners a weal...

Unlock the secrets of real estate success with Jim Remley, a seasoned professional whose career spans over three decades. From a remarkable start listing 150 properties in just his second year to building and selling a 17-office company before the 2006 crash, Jim brings invaluable insights to the table. Discover his strategies for recruiting and retaining top talent, the nuances of fostering the r...

Ever wondered how to transform a corporate career into a thriving real estate investment empire? Join us as we chat with John Casmon of Casmon Capital Group, who shares his remarkable journey from navigating the 2008 economic downturn to managing a portfolio of over $100 million in assets. Listen as John offers invaluable insights into market selection strategies, focusing on the Midwest and South...

Discover the future of homeownership with Frank Rode, CEO of Ownify, as we uncover innovative solutions for first-time homebuyers. Learn how Frank's unique equity-based approach is revolutionizing the traditional home buying model. With the support of investors, aspiring homeowners can gradually build equity in their homes, turning dreams into tangible reality. This episode promises insights...