121: Investing in Private Real Estate Funds, with MLG Capital’s Tim Wallen

Invest Like a Boss

Sam Marks Johnny FD Derek Spartz

Business, Investing

4.8 • 518 Ratings

🗓️ 20 May 2019

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Tim Wallen is a Principal, CEO, and sits on the investment committee for MLG Capital. The company offers real estate investment services to accredited institutional or individual investors. Tim joined MLG in 1989 as the Chief Financial Officer and remains committed and involved with daily, integral functions of the investment and development segments.

During this episode, Tim will share how you can generate superior returns through the meticulous execution of real estate investment strategies. Learn how MLG aligns the funds & investors interest in fee structures including the tax advantages for the individual investor. Listen to the end for insight into making your first real estate investment.

Links:

Where we are:

Sam Marks - Tampa, Florida
Johnny FD - Kharkiv, Ukraine

Discussed:

Time Stamps:

01:01 - Traveling to Lithuania + meetup
07:21 - MLG Capital’s background and introduction
11:07 - “We’re both a private equity firm and a vertically integrated real estate operator with 30 years of history of operations” - Tim Wallen
16:31 - The process of acquiring new properties
16:54 - “Are your assumptions that you’re making believable and achievable? Can you deliver?” - Tim Wallen
21:13 - The advantages and disadvantages of being a public or private fund
28:13 - Aligning the funds & investors interest in fee structures
34:29 - Tax advantages for the individual investor
36:11 - “We’re not looking just to buy huge volume we’re looking to make money” - Tim Wallen
37:33 - Massive property investment outcome + available funds
42:43 - Investing as a non us citizen & minimum investment
48:36 - Sam’s experience with investing in MLG
50:22 - The problem with online funds
52:36 - Making your first real estate investment

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Transcript

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0:00.0	Welcome to the Invest Like a Boss podcast. I'm Sam Martz and I'm Johnny FD. We're self-made
0:05.6	entrepreneurs who invest our own money and use modern technology to invest like a boss. Join us each
0:10.0	week for exclusive interviews with our network of modern investors, business owners, and multimillionaires
0:14.4	to discover new ways to invest our hard-earned cash. Hey guys, this is Johnny and welcome to episode of 121 of the Invest Like a Boss podcast.
0:24.4	I'm still in Harky, Ukraine.
0:26.1	Sam, you look like you're back in time in your university dorm.
0:30.2	Where are you?
0:31.6	Yes, I am.
0:32.8	I got my hat on backwards.
0:34.4	I got my sonies on, both Both speakers and basically some, you know,
0:38.6	you know who makes this shirt, Johnny? Can you see this? I got it at Target. Yeah. Okay.
0:43.9	$14. I wear it every day. It's amazing. Nice quality. Is there a reason why it's completely
0:48.9	unbuttoned? It's because we're, because I know you like me looking suave. I'm in Florida now, so I'm, you know, that beach boy again.
0:57.4	Yeah, you definitely fit the part.
0:59.6	Yeah.
1:00.1	Have you learned how to say hello in Ukraine yet?
1:03.5	Da.
1:05.0	Javlazeghya.
1:09.6	I'm not going to be learning that language anytime soon.
1:11.7	It's going to be kind of hard.
1:12.5	I can barely say hi in Spanish.
1:14.8	Yeah.
	...

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