#323: Ground Leasing, Secure Investing, Generational Wealth Building, and So Much More! -with Steven Waldman
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.8 • 679 Ratings
🗓️ 18 May 2021
⏱️ 29 minutes
🧾️ Download transcript
Summary
Steven Waldman is a real estate and ground lease expert.
Steven is the founder and president of Ground Lease Capital Partners, LLC; a national leader in Acquiring, Originating, and Investing in Ground Lease transactions as well as an Advisor to Institutional Investors who are seeking exposure to this asset class.
Prior to founding Ground Lease Capital Partners, LLC, Steven was the Co-Founder of Spectrum Advisors, a family of companies consisting of a Mezzanine Fund, a Title Insurance Agent, and a 1031 Exchange company, where he represented both High Net Worth and Institutional Investors in the acquisition of Ground Leases and Lease Hold positions. In this capacity, Steven successfully transacted over $700 million in acquisitions for his clients
Quotes:
"The ground has separate interest so the leaseholder can buy, sell, or keep as long as they like, and really the same goes for the ground."
"What you're really buying here is a super secured stream of income."
"The beautiful thing about a ground lease is that if something goes wrong at a leasehold level with your tenant, you don't have to foreclose and go through a lengthy process, you evict. Because it's a lease and there are no landlord responsibilities to operate anything so there is nothing that the tenant can claim that the landlord did or didn't do."
Highlights:
1:58- Steven shares his background and how he got into the real estate space
4:09- Steven gives insight about where the capital comes from on the ground lease side
5:44- Steven shares the type of debt that is available for a ground lease today
6:45- Steven clarifies the type of assets that ground leases are under
9:42- Steven talks about the typical yields today In ground leasing
13:08- Steven shares the most challenging deal he's done and what he learned from it
Guest Website:
Transcript
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| 0:00.0 | Hey guys, quick announcement here before you dive into today's show. |
| 0:03.7 | We just locked up three individual assets that are all off market, direct-to-owner deals, |
| 0:08.5 | that are going to help our partners and you, the podcast listeners, |
| 0:11.8 | generate a ton of cash flow and build legacy wealth. |
| 0:14.7 | And so I just wanted to take a moment to drop in here and invite you to a webinar |
| 0:18.1 | that I'm going to be hosting on Tuesday, May 18th, |
| 0:20.8 | and we're going to walk through each of these respective investment opportunities. |
| 0:25.1 | You know, one of the big reasons why we're doing this webinar is because, you know, we've had |
| 0:28.8 | a ton of questions about parking lot investments here over the last couple of months. |
| 0:33.0 | Now, as you know, we've been doing mobile home parks for nearly a decade now, and most everyone understands |
| 0:38.5 | that business model. However, many of you probably know little to nothing about parking lot |
| 0:43.2 | investments and the incredible opportunity within this niche. Now, one of the three deals that we're |
| 0:48.2 | going to cover in this webinar is an institutional grade, Class A parking facility located right |
| 0:54.0 | here in my backyard of Clearwater Beach, Florida. |
| 0:56.7 | Now, for those that aren't aware, Clearwater Beach has been ranked the number one beach in America multiple times, |
| 1:01.6 | and it's where I've called home for the last two decades. And so really no one knows this market better than I do. |
| 1:07.9 | The Tampa Bay MSA is one of the fastest growing markets in the country |
| 1:11.1 | and is on absolute fire. And so I'm super excited to share these opportunities with you guys. |
| 1:15.8 | And so if you'd like to learn more, please go over to sunrise capitalinvestors.com |
| 1:20.1 | forward slash webinar to get signed up and I'll see you there. |
| 1:26.0 | You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it. |
| 1:32.7 | But you're tired of all the so-called gurus who are all talk and no substance. |
... |
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