FBF #656: 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
4.9 • 675 Ratings
🗓️ 13 October 2023
⏱️ 27 minutes
🧾️ Download transcript
Summary
Today's Flash Back Friday episode is from episode #323, which originally aired on 5/18/21.
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:
http://groundleasecapitalpartners.com/
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.
- Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to this week's edition of Flashback Friday. It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to invest with Sunrise.com to learn more. That's |
| 0:22.1 | invest with sunrise.com. Enjoy the show. Now, our gets to this week's show is a real estate |
| 0:27.9 | and ground lease expert, Stephen Waldman. Now, Stephen is the founder, president of Groundlease |
| 0:32.7 | Capital Partners LLC, a national leader in acquiring, originating, and investing in Ground Lease transactions, |
| 0:38.5 | as well as an advisor to institutional investors who are seeking exposure to this asset class. |
| 0:43.9 | Now, prior to founding Groundlease Capital Partners, Stephen was the co-founder of Spectrum Advisors, |
| 0:49.4 | a family of companies consisting of a mezzanine fund, a title insurance agent, and a 1031 exchange company |
| 0:55.1 | where he represented both high net worth and institutional investors in the acquisition of |
| 0:59.8 | ground leases and leasehold positions. In this capacity, Stephen successfully transacted over |
| 1:04.8 | 700 million in acquisitions for his clients. And so with that, guys, I'm excited to welcome |
| 1:09.8 | back Mr. Stephen Waldman to the show. |
| 1:12.2 | Steven, how are you doing today? Good. Thank you so much for having me back. I really appreciate it. |
| 1:16.3 | And I love listening to your show. So thank you, Kevin. Yeah, thank you, Stephen. And as we've mentioned, |
| 1:21.1 | just to provide some context to the listeners here, we're recording this on February 2nd. You probably won't be listening to it, probably until March or beginning |
| 1:28.4 | of April. But Stephen's getting blasted right now up there in the northeast with this this |
| 1:33.6 | noreaster that came through and blanketed, blanketed the, you know, the northeastern states with, |
| 1:38.5 | you know, somewhere upwards of, you know, 20 plus inches of snow. So in any event, |
| 1:43.4 | down here in Florida, you know, freezing my butt |
| 1:46.6 | off a flip-flops on. I do have a sweatshirt on right now, but in any event, not to rub it in, |
| 1:50.1 | Steven. No, no worries. No worries. Yeah, excited to have you back here. Looking forward to |
| 1:54.5 | have you back on the show and find out what's really happened here over the last four or five |
| 1:57.5 | years since we had you on last time. So for those, you know, just for those that might not have listened to our previous show that don't know of you, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Kevin Bupp, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Kevin Bupp and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.