JF 3871: Vetting GPs, Stabilized Yield, and Hidden Risks Every LP Should Know ft. The Real Estate God

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 10 April 2025

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of the Best Ever CRE Show, Pascal Wagner interviews The Real Estate God, a private equity investor with $30–40 million in assets under management. Known for his sharp insights and anonymous presence online, Michael shares how LPs can think like GPs by breaking down deal evaluation, spotting hidden risks, and understanding the importance of stabilized yield versus market cap rates. He dives deep into evaluating market rents, verifying assumptions, and managing debt risk—especially the dangers of bridge loans. Michael also emphasizes how understanding GP incentives and being diligent about due diligence are critical for LPs to reduce risk and maximize returns. The Real Estate God Real Estate Private Equity Firm Founder Based in: South Carolina Say hi to them at calendly.com/realestategod/introcall youtube.com/@therealestategod vikingcapllc.com Capital Gains Tax Solutions Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at www.bestevercommunity.com Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Have you ever felt like you're flying blind when evaluating a real estate deal?
0:04.7	Or wondered how to truly vet a GP and separate great investments from whiskey worms.
0:10.6	In this episode of the Passive Income Playbook on The Best Ever CRE show, we're diving in with an industry insider who's built a reputation for his sharp investment strategies while completely remaining anonymous.
0:23.9	I'm your host, Pascal Wagner, and today we're joined by the real estate god, a private equity
0:28.9	investor with 30 to 40 million in assets under management, the creator of an elite acquisitions
0:35.1	boot camp for GPs, and one of the most influential voices
0:38.5	in real estate investing on X with over 127,000 followers. His deep knowledge of underwriting
0:44.0	and deal structuring has made him a go-to resource for GPs looking to scale the portfolios.
0:49.3	I know. I've watched many of his videos on YouTube and follow him on it. But today, we're flipping the script, taking the strategies, he teaches GPs, and showing
0:58.3	LPs how to use them to evaluate deals with confidence.
1:02.8	From spotting hidden risks to asking the right questions before investing, this episode
1:08.1	is packed with actionable insights that you will not want to miss. So with that,
1:12.5	let's dive in. Welcome the real estate god. Great, great to be here. I'm excited to talk about
1:18.6	everything and really talk about it from the LP side, because usually I'm looking at it from the GP
1:22.3	side. So really excited to help out your audience with that. Yeah, amazing. So, you know, one of the
1:27.4	first questions I asked, the real estate guy before the show was like,
1:30.5	you know, how should I reference you?
1:31.9	What's your short name?
1:32.6	He went with Michael.
1:33.6	So is Michael your real name or is that a pseudonym for you?
1:36.6	Yeah, that's my real name.
1:38.2	Yeah, basically, and for me, it just never really made sense to not be anonymous on there. And really, I think some of it is not wanting to be famous.
	...

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