"At the end of the day, I am the mortgage." After 25 years as a landlord and multifamily GP, Steven Weinstock moved his new business into first lien loans.
 
Steven's fund makes 3 to 24 month bridge loans to fix and flip and renovation investors. His rule is 65% loan to value. At 68%, he is out.
 
He shares how he gets all his deal flow from mortgage brokers without spending a dime marketing to borrowers, and why 1 to 4 unit homes are the most liquid real estate out there.
 
He also gets real about raising capital for a lending fund. His older investors love it. His younger ones want 25% returns and ask about taxes. And his answer for new investors starts with being known.
 
Key topics:
Why he shifted from owning to lending
The 65% loan to value guardrail
Getting deal flow from mortgage brokers
Why 1 to 4 units sell in any market
How older and younger investors see lending differently
Know, like and trust for raising capital
 
About the guest:
Steven Weinstock has invested in real estate for about 25 years, from single family homes to multifamily syndications. Based in Brooklyn, New York, he runs We Capital Mortgage Fund and hosts The Wealth Clock Podcast.
 
Connect with Steven: https://www.wecapitalx.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

His first turnaround had gangsters, crime and occupancy near 60%. It taught him two rules he will never break again.
Colby Fryar of Mountain Bridge Capital bought a tough property in Las Cruces, New Mexico. His team hired three contractors, turned eight to 12 units a month, and turned it around in about six months. This year they refinanced out and got their investors their money back.
Now Colby's rules are simple: raise enough capital, and cash flow day one. He explains why older Class C buildings look great on paper until each repair costs about $4,000, and why his team now buys newer properties in Phoenix.
Key topics:
• The Las Cruces turnaround and what it taught him
• Why cash flow day one is non negotiable
• Newer vintage vs old Class C properties
• Local partners and full time asset management
• Why prices down 35 to 40% could mean the next transfer of wealth
About the guest:
Colby Fryar is a principal at Mountain Bridge Capital, a multifamily syndication company focused on Phoenix, Arizona. He personally owns 240 doors across five properties in New Mexico and Tucson.
Connect with Colby: https://mountainbridgecapital.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

Paul Lizell took a hurricane damaged shell, turned it into an 8 room co-living home, and doubled the rent.
 
Paul has invested in real estate for over 25 years and has done deals in 44 states. For the last year and a bit, he has focused on co-living and PadSplit.
 
He explains what co-living is, how PadSplit works, and why he is so bullish on it. His son pays almost $1,900 a month for a one bedroom. A PadSplit room can rent for about $800 a month with internet and utilities included.
 
Dave plays devil's advocate on the people side. Paul shares why it has been easier than his single family rentals, and the travel baseball lesson he uses to set the rules.
 
Key topics:
What co-living and PadSplit are
Why affordability makes Paul bullish on co-living
Turning a 4 bed, 3 bath house into an 8 bed, 4 bath
Why losing a tenant hurts less with 8 rooms
Who rents the rooms and how Paul keeps the peace
Fridge shelves, dishes and the PadSplit group chat
 
About the guest:
Paul Lizell is a real estate investor based in Naples, Florida. He has done wholesales, flips and virtual real estate investing, and now owns and converts co-living properties on PadSplit.
 
Connect with Paul Lizell: https://paullizell.com
 
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
 
Want to be a guest on the show? https://www.daveinterviewsyou.com

Justin Goodin had no background in construction and no background in development. Today he builds Class A apartment communities from the ground up.
 
Justin started like most investors. A $44,000 rental, some fix and flips, and the hard lesson that he was "really just buying myself another job."
 
A job as a multifamily underwriter at a bank opened his eyes to commercial multifamily. He went on to partner on around 500 units of value add deals in and around Indiana. When the market shifted and deals stopped making sense, he pivoted to ground up development.
 
Justin tells Dave how a mentor let him ride shotgun on his first project, why he sees the developer as the quarterback of the team, and how his latest 114 unit project came together. He also shares why he builds and sells, and why he keeps using the same proven team.
 
Key topics:
From rentals and value add deals to ground up development
Starting with no construction experience and learning from a mentor
Developer vs general contractor: the quarterback role
Inside a 114 unit, $26 million project near 3,000 new jobs
Why sell a brand new building
Pros and cons of development for investors
 
About the guest:
Justin Goodin is the founder of Goodin Development in Indiana. He builds Class A multifamily and mixed use communities from the ground up. He has a finance degree, worked as a multifamily underwriter at a bank, and partnered on around 500 units before moving into development.
 
Connect with Justin:
https://goodindevelopment.com
 
Prefer to watch on YouTube?
https://www.youtube.com/@propertyprofitsrealestate
 
Want to be a guest on the show?
https://www.daveinterviewsyou.com

Not enough capital raisers are just picking up the phone.
 
Jonathan Cattani has been part of about $40 million raised and has talked to a couple thousand investors. He tells Dave Dubeau why cold email and automations are not enough, and why a real call to a new lead or a current investor still builds the relationship.
 
Jonathan now runs fractional investor relations for operators who are great at deals but don't love raising money. He shares why many groups with $100 million under management still have no IR department, how to keep a CRM from going rogue, and how SEC rules shape what an outside IR person can do.
 
Key topics:
Why the phone still beats cold email
Using LinkedIn to prospect and keep relationships
Who needs fractional investor relations
Advisory, CRM hygiene and ad campaigns
SEC limits and the top of the funnel
Why raising capital is glorified sales
 
About Jonathan Cattani:
Jonathan is a real estate investor, capital raiser and fractional investor relations consultant with Cattani Capital Group. He has raised money for a short term rental fund, an oil and gas fund and a mobile home park portfolio, and he is now buying a services business.
 
Connect with Jonathan Cattani: https://cattanicapitalgroup.com/fractional-ir/
LinkedIn: https://www.linkedin.com/in/jonny-cattani-53159b179/
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

If it's so easy to get a tenant, why don't you get the tenant? Dolf de Roos asks sellers that every time they price a vacant building on pro forma.
Dolf de Roos was one of the original Rich Dad advisors. Today he invests mainly in commercial real estate: shops, offices, warehouses and storage.
He says finding a bargain is tougher than it was 30 years ago, when deals sat in the Saturday classified ads. So he looks harder and faster. He hunts for FSBOs, drives a different route to spot signs that are not online, and calls commercial brokers to ask what their tenants need.
Then he finds a building that fits, brings the tenant to see it, and buys it once the tenant likes it. He also shares how to get a vacant space leased, his seldom sell rule, and why agents chasing the 3% miss out on the 97%.
Key topics
• Why bargains are harder to find today
• The pro forma trap on vacant buildings
• How to fill vacant space with a better sign and listing
• Finding a tenant before you buy
• Why he seldom sells and refinances instead
About the guest
Dolf de Roos was one of the original Rich Dad advisors and has written many books on real estate. He invests mainly in commercial real estate and is based in Phoenix, Arizona.
Links
Connect with Dolf de Roos: https://www.dolfderoos.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

"Don't sell with a calendar, sell with a calculator."
 
Bill Ham has owned and operated over 1,000 multifamily units in Georgia over 21 years. Near the peak, he and his partners sold their last four communities, one above asking.
 
Bill shares how he knew it was time, why most of the sales happened off market through realtors he trusts, and how older buildings with big capex coming shaped the call. Then he talks about what comes next: a flight to quality, newer product, and 75 to 100 units so there is staff on site.
 
He also shares a simple way to keep investors warm while you wait: show them the deals you pass on, and why.
 
Key topics:
Selling at the peak by the numbers, not the calendar
Off market sales through strong realtor relationships
Capex, interest rates and loan maturity in your exit plan
Bill's new buy box
Keeping investors warm with deals you pass on
 
About the guest:
Bill Ham is with Broadwell Property Group. He started investing at 28 and has owned and operated over 1,000 multifamily units in Georgia. His strengths are deal analysis, knowing an asset's real value, and asset management.
 
Links:
Connect with Bill Ham: https://www.broadwellpropertygroup.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

Jeffrey Donis did his first real estate deal at 18. By 2021, he and his brothers had co-GP'd on over 1,000 multifamily units, right near the peak.
 
Jeffrey says the best lessons are typically learned the hardest ways. Those deals changed how the brothers buy today: no adjustable rate loans, plan for cap rates to rise, careful rent growth, and markets without high crime.
 
When the local fix and flip market turned, they refinanced a duplex instead of selling it. The investor got paid back and the brothers kept the rental. Since then they've bought a 6 unit, a 12 unit and a 25 unit.
 
Jeffrey also shares how three brothers split the work, why they got into real estate to retire their mom, and why sharing past mistakes helps when raising capital in 2026.
 
Key topics:
Buying 50 to 150 unit workforce multifamily in North Carolina
Hard lessons from co-GPing near the peak
Refinancing instead of selling to an end buyer
Gas pedal and brakes: roles in a family business
What still works for raising capital now
 
About the guest:
Jeffrey Donis runs capital markets at Donis Investment Group in Raleigh, North Carolina. He and his two brothers buy value add workforce housing within 90 minutes of Raleigh, Winston-Salem and Charlotte, with property and construction management in house.
 
Connect with Jeffrey Donis: https://www.donisinvestmentgroup.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

Drones overhead, tenants on the phone. George Alviter ran his rental portfolio from a bunker in the Middle East.
 
George is an Army National Guard captain, a licensed Realtor and an investor in Metro Atlanta. He owns duplexes, single family homes and a co-living property, and he has done over 1,000 broker price opinions.
 
He tells Dave how a property manager and simple systems kept his business going through a six month deployment. He shares how he keeps his life in buckets, why he thinks more Realtors should own rentals, and how he bought his first duplex with saved up commissions.
 
Now George is moving into multifamily as a co GP, bringing deal flow and a lot of grit.
 
Key topics:
Running a portfolio while deployed overseas
Juggling military, family and business
Why Realtors should invest
First duplex, cash out refinance, repeat
Moving from small deals into multifamily
 
About George Alviter:
George Alviter is a real estate investor, Realtor and Army National Guard captain based in Marietta, Georgia. He invests in Metro Atlanta and is now scaling into multifamily with Alviter Capital.
 
Connect with George: https://alvitercapital.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

"My expenses are equal to 10 residents. We run all 16 bedroom mansions. And so the last 6 residents are profit."
 
Brett Chotkevys got tired of doing multiple fix and flips a month. He wanted one big deal a year that could cash flow and build a million plus in equity. With his own grandma in her early 90s, he jumped into assisted living in 2019, with no medical background.
 
Today he builds 10,000 square foot assisted living mansions with 16 private rooms and a private chef. Brett explains why he gave up on home conversions, why he builds on the affluent edge of town, and how he rolls equity from one building into the next.
 
Key topics:
Why residential zoning caps home conversions at 6 to 10 residents
The 16 bed model and why the last 6 residents are profit
Winning customers from big corporate facilities
Why assisted living is non medical
SBA loans, new construction appraisals and rolling equity
How his JV partnerships work
 
About the guest:
Brett Chotkevys runs Assisted Living Mansion out of Austin, Texas. He has operated assisted living homes since 2019 and builds 16 bed mansions, including a 7.6 acre project in Georgetown, Texas. He also hosts the Assisted Living Investing podcast.
 
Connect with Brett:
https://assistedlivingmansion.com/
 
Prefer to watch on YouTube?
https://www.youtube.com/@propertyprofitsrealestate
 
Want to be a guest on the show? https://www.daveinterviewsyou.com

TJ Burns found a wallet on the street, gave it back, and gained his first real estate partner. Today he runs a private lending fund that grows by serving loan brokers.
 
TJ spent 7 years as an engineer at Amazon. He was doing well by every measure, but he felt stuck. He calls it stagnation.
 
He moved into real estate, did over $20 million in deals with that first partner, then became a fund manager and finally an operator. He chose private lending because it scales across markets in a way multifamily does not.
 
TJ breaks down the three kinds of fix and flip lenders, and why his fund sits in the middle. He shares how loan brokers became the lifeblood of his deal flow, how he finds new investors on InvestClearly, and the order he builds a lending business in.
 
Key topics:
Leaving Amazon and the golden handcuffs
Why private lending scales
The local lender, the big institutions and the missing middle
White labeling a fund for loan brokers
Finding new investors through InvestClearly
Ops first, deal flow second, capital third
 
About the guest:
TJ Burns is a former Amazon engineer from Long Island, New York. He runs a private lending fund that lends to real estate operators, mostly in the Northeast, and is a GP in multifamily in New Hampshire.
 
Connect with TJ Burns: https://www.linkedin.com/in/thburns42/
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

What if you could buy land without lowballing the seller, and the seller paid no tax on it?
 
Jeff Niemeier builds build to rent townhomes in Cedar Rapids, Iowa. His fund is building about 226 units across four parcels.
 
Jeff explains the 721 exchange. A landowner trades title to the land for partnership shares in the fund. Jeff pays part up front, the rest once the property is stable, and the owner keeps about a 5% share. It is not a sale, so the gain is tax deferred.
 
He also shares the $20 million deal he lost in 2014 because he could not raise his part in time, and why he now raises capital 365 days a year.
 
Key topics:
Why renters want townhomes, not apartments
Building new to hit the 1% rule
How a 721 exchange works for landowners
Losing a $20M deal and what changed
Raising money where the money is
 
About the guest:
Jeff Niemeier is the founder of JB Capital, a real estate private equity and construction company in Cedar Rapids, Iowa. He has been in and around real estate for about 25 years, starting in student housing. Today he focuses on build to rent townhomes and land development.
 
Connect with Jeff:  https://www.jbcapitalfund.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

In 2017, Sergio Altomare could not make a single multifamily deal work. So he looked back at the Great Recession and found the one real estate asset class that still made money.
 
Sergio spent years at the Federal Reserve in bank supervision, watching boom and bust cycles up close. When the market felt overheated, he and his wife pitched a new plan to their investors, slowly sold their multifamily, and moved into self-storage.
 
They learned the business living in an RV parked outside their first property. Today they have 26 properties in 10 states, managed by CubeSmart and Extra Space, with a big focus on building from the ground up.
 
Sergio shares the 8 square foot rule he uses to find markets that need more storage, why new storage sits close to Costco and big box stores, and why he says commercial real estate has been in a quiet recession for years.
 
Key topics:
Why self-storage held up in the Great Recession
Buying, expanding and building storage from the ground up
The 8 square foot per person rule
The four D's that drive storage demand
How the slow housing market hit storage, and the 4 to 5 year exit plan
 
About Sergio Altomare:
Sergio is the co-founder of Hearthfire Holdings, a self-storage company based in Philadelphia. Before real estate, he worked at the Federal Reserve in bank supervision and regulation. Today his team buys, expands and builds self-storage across 10 states.
 
Connect with Sergio: https://hfirecapital.com/
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com

"There's a lot of pride in ownership, and there's not much pride when you don't own something."
 
Luke Kramer and his dad run Freed by Real Estate, a family owned company in Omaha, Nebraska. They started with direct mail and house flips. Today they have around 800 units, with a focus on multifamily buildings from 20 to 150 units.
 
Luke explains why they only buy where they have first party management, meaning the manager owns part of the deal. He shares why direct mail stopped working for multifamily, how pocket listings and broker relationships now bring most of their deals, and why he sends handwritten letters with a $5 coffee card.
 
He also talks about raising capital, why every investment has a job, and how today's interest rates change the way they buy and sell.
 
Key topics:
First party management and why partners need ownership
Why Omaha and the Midwest work for value add multifamily
From direct mail to pocket listings and referrals
Handwritten letters, AI data scraping and a $5 coffee card
Every investment has a job: understanding your investors
Buying and selling with higher interest rates
 
About Luke Kramer:
Luke Kramer is a real estate entrepreneur with Freed by Real Estate, a family owned and operated, vertically integrated company based in Omaha. The company buys value add Class C and B multifamily in Nebraska, Iowa and South Dakota and manages its own assets.
 
Connect with Luke Kramer: https://freedbyrealestate.com
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate
Want to be a guest on the show? https://www.daveinterviewsyou.com
 

Your inbox is flooded with broker deals. What if AI read them for you and only showed you the ones worth your time?
 
David Fields has spent his whole career on the investing side. He did M&A at Disney, ran acquisitions at Regent Properties in LA and spent almost 8 years leading investments for Michael Eisner's family office.
 
Now he is co-founder and CEO of AcquiOS, the platform he wished he had when he ran acquisitions. David explains how AI screens deals against your buy box, underwrites into your own model, and finds the "smoking gun" in a data room before you spend big on lawyers and consultants.
 
Key topics:
Why lean teams can now do more with less
Screening hundreds of deals without hiring an analyst
Finding deal killing risks early in due diligence
Using your past deals as a data advantage
How one Phoenix group is checking out 15 to 20 new markets
Onboarding time and cost
 
About David Fields:
David is co-founder and CEO of AcquiOS, an AI underwriting and due diligence platform for real estate. He is based in Los Angeles and works with groups across multifamily, net lease, self storage, industrial and commercial.
 
Connect with David Fields: https://acquios.ai
Prefer to watch on YouTube? https://www.youtube.com/@propertyprofitsrealestate