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NOTHING BUT NET

NOTHING BUT NET

By NOTHING BUT NET
A podcast that takes a deep dive into the in’s and out’s of Single-Tenant Triple-Net lease investing. Along the way we will talk about why Real Estate Investing is superior to most other investments, and how investing in real estate creates and preserves wealth and pays consistent cash flow (regular passive income). You can remember what Net, Net, Net or NNN stands for because the Tenants pay T - I - M (Taxes, Insurance & Maintenance). You get Nothing But Net income!
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NNN001: Nothing But Net - INTRODUCTION

NOTHING BUT NET

1x
NNN020 – Nothing But Net - LIBERTY FUND ACQUISITION CASE STUDY
Liberty Real Estate Fund LLC is The World’s First Single-Tenant Net-Lease Security Token FundTM, joining 30 plus years of institutional real estate investment experience with blockchain technology to deliver very stable, diversified, tax efficient returns combined with liquidity, security and transparency.  Liberty is focused on investing in high quality, well located Single-Tenant Net-Leased (NNN) properties in targeted high growth, low tax areas of the United States. The portfolio has been specifically designed to provide stable, recession resistant income combined with inflation protected wealth preservation and equity growth. Security Tokens are regulated Digital Assets that can provide extra benefits and options not traditionally available with private real estate investments including: Liquidity; Currency Options; Extra Earning Power; Quick and Easy Worldwide Access to YOUR MONEY. Liberty Real Estate Fund I, LLC is an SEC 506 (C) Regulation D investment available to US Accredited Investors and Regulation S available for non-US investors. For access to the video of this case study, please email hello@libertyfund.io To invest with Liberty Fund, click here.
51:18
July 12, 2021
NNN019 – Nothing But Net - SEP BEKAM TALKS ABOUT SINGLE-FAMILY RENTALS AND NET LEASES
In this special episode, co-hosts Michael Flight and Adam Carswell bring on Sepehr Bekam, Founder & Principal of Bekam Investment Group, to discuss how single-family investments differ from Triple Net (NNN) investments. Michael, Adam and Sep trade stories that emphasize just how important it is to know you, as an investor, have a strong investor philosophy, team, specific marketplace knowledge and then property deal before entering into a lease agreement with a tenant. Sep also shares his experiences investing in different single-family houses and portfolios, which took him through an interesting learning curve to realize the necessity of understanding a property’s demographics and location nuances. The men also enlighten us on how property management differs between not only single-family and net lease buildings but multifamily, as well. Closing the show, they touch on how the tax advantages, income and appreciation work compared to net lease investments, as well as point out the property types have some similarities with Section 8 housing. Michael and Adam would like to give a huge thanks to Sep for coming on the show and sharing his knowledge and experience with the Nothing But Net community. ============================ Bekam Investment Group Sepehr Bekan, Founder & CEO of Bekam Investment Group, started his career in real estate investing over a decade ago while working as an electrical engineer before leaving his job in 2014 to focus on building his real estate company. He and his partners own a multi-million dollar portfolio of rental houses nationwide. Sepehr has been a recognized expert on successful Bekam Investment Group is focused on solving the affordable rental home shortage (7 million) by elevating the standard of living of the communities that they invest in. Their secret to fixing the low-income housing situation is consistency and a tightly-run system in place to make communities cleaner, safer and more desirable while still keeping costs affordable, improving hundreds of challenging slumlord rental units and entire neighborhoods. Contact Sepehr Bekam: http://www.bekaminvestmentgroup.com/contact DISCLAIMER: The information provided on this podcast is intended to be educational and informational only and is not considered to be formal legal advice.  The listener should not take or refrain from taking action based on its content.  Any listener in need of a legal opinion upon which to rely in decision making should consider formally engaging an attorney to review relevant facts in detail and examine the pertinent law as it applies to those facts. Liberty Real Estate Fund: https://libertyfund.io/  | hello@libertyfund.io For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
45:12
May 27, 2021
BONUS EPISODE – THE WORLD'S FIRST NET LEASE SECURITY TOKEN OFFERING
Invest Now: https://id.securitize.io/#/authorize?issuerId=b7a999f5-972c-4db7-ad0d-b7926656272c&scope=info%20details%20verification&registration=true&redirecturl=https://libertyfund.invest.securitize.io/%23/authorize    Watch the webinar replay here: https://youtu.be/9QFDq_-TLgY Liberty Real Estate Fund LLC is The World’s First Single-Tenant Net-Lease Security Token FundTM, joining 30 plus years of institutional real estate investment experience with blockchain technology to deliver very stable, diversified, tax efficient returns combined with liquidity, security and transparency.  Liberty is focused on investing in high quality, well located Single-Tenant Net-Leased (NNN) properties in targeted high growth, low tax areas of the United States.   The portfolio has been specifically designed to provide stable, recession resistant income combined with inflation protected wealth preservation and equity growth. Security Tokens are regulated Digital Assets that can provide extra benefits and options not traditionally available with private real estate investments including: Liquidity; Currency Options; Extra Earning Power; Quick and Easy Worldwide Access to YOUR MONEY.   Liberty Real Estate Fund I, LLC is an SEC 506 (C) Regulation D investment available to US Accredited Investors and Regulation S available for non-US investors.   For more information, please visit: https://libertyfund.io
56:01
May 25, 2021
NNN018 – Nothing But Net - JWRB ATTORNEY DAVID BARRY ON HOW TO CONDUCT QUALITY TITLE SEARCHES
In this special episode, co-hosts Michael Flight and Adam Carswell bring on David M. Barry Jr., attorney at Jacobs, Walker, Rice & Barry, LLC, to discuss how to evaluate Triple Net (NNN) lease deals from the perspective of an experienced real estate attorney. Michael, Adam and David detail what aspects of Triple Net leases that investors should be aware of in a property’s title search during the due diligence period. They also define crucial terms to know for a net lease, including: subordination, non-disturbance and attornment agreement (SNDA); Reciprocal Ease Agreement; and tenant estoppel agreement. Michael and David explain why Single-Tenant Triple-Net Leased (STNL) real estate are advantageous deals compared to multifamily properties and buying whole shopping centers, as well. Closing the show, David and Michael share what mistakes they have witnessed investors make regarding commercial real estate and multifamily deals as well as how investors should approach 1031 exchanges from a legal standpoint. Michael and Adam would like to give a huge thanks to David for coming on the show and sharing his knowledge and experience with the Nothing But Net community. ============================ Jacobs, Walker, Rice & Barry, LLC JWRB provides clients with quality legal services for Real Estate, Business and Finance law. With almost 175 years of collective experience, the firm offers affordable legal services with a network of highly responsive, accessible attorneys. Jacobs, Walker, Rice & Barry, LLC, has been based in Manchester, CT, for more than 50 years and is conveniently located in the Greater Hartford area to serve all of their clients’ legal needs. Contact David M. Barry, Jr.: https://jwrb.com/ DISCLAIMER: The information provided on this podcast is intended to be educational and informational only and is not considered to be formal legal advice.  The listener should not take or refrain from taking action based on its content.  Any listener in need of a legal opinion upon which to rely in decision making should consider formally engaging an attorney to review relevant facts in detail and examine the pertinent law as it applies to those facts. Liberty Real Estate Fund: https://libertyfund.io/  | hello@libertyfund.io For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
40:10
May 20, 2021
BONUS EPISODE – Chicago Blockchain Real Estate Collective - WHAT IS THE BEST BLOCKCHAIN FOR REAL ESTATE TOKENIZATION?
What Is The Best Blockchain For Real Estate Tokenization? Chicago Blockchain Real Estate Collective presentation - Barry Finkelstein discusses Algorand #Algorand​ $ALGO #ALGO​ Barry Finkelstein is head of Finance and Structured Products for Algorand.  This video is for you if you want to learn more about tokenizing real estate or if Algorand might be something to consider as an investment. In this meetup of the Chicago Blockchain Real Estate Collective we hear that the Algorand blockchain network is perfect for financial transactions because of it's lighting speed with thousands of transactions per second and less than 5 second block completion time. Algorand boasts solved the blockchain trilema of decentralization, security and scalability. Barry addresses how financial markets and real estate are migrating to the blockchain and everything will be tokenized as a financial asset. We discuss how Algorand is one of the top blockchains for financial assets and perfect for real estate.  Barry is exceptionally well positioned to discuss financial products, digital assets and NFT. Barry is a Wall Street professional having served both with UBS Investment Bank and Merrill Lynch as a Managing Director. Algorand was founded by MIT scientist Silvio Micali, a Turing Award winner. We call him the "Godfather of Crypto" because his work on public-key cryptosystems, pseudo-random functions, digital signatures, oblivious transfer, secure multiparty computation, and is one of the co-inventors of zero-knowledge proofs. Contact: https://libertyfund.io https://www.algorand.com https://www.meetup.com/CBREC1​
58:19
May 4, 2021
BONUS EPISODE – The Wealth Formula - DOES CRYPTO HAVE A ROLE IN REAL ESTATE?
Jason Ricks, Chief Operating Officer (COO) of Liberty Real Estate Fund LLC, joins Buck Joffrey on episode 260 of the Wealth Formula podcast. In the episode, Jason and Buck discuss how Single-Tenant Net-Leased (STNL) real estate has the most advantageous structure for investors and businesses. The benefits of STNL, also known as Triple Net (NNN), properties include stable monthly income coming from creditworthy tenants who pay a property’s taxes, insurance and maintenance fees. Jason also shares how Liberty has backed a diverse portfolio of net lease properties by tokenizing the hard assets with the blockchain technology of Security Tokens. These digital securities allow investors all over the world to invest in Liberty’s diverse Triple Net lease properties while increasing their liquidity and investor optionality. A huge thanks to Buck Joffrey for hosting Jason Ricks, COO of Liberty Real Estate Fund, on his podcast! Contact Buck Joffrey: LinkedIn: https://www.linkedin.com/in/buck-joffrey-md
28:39
April 30, 2021
NNN017 – Nothing But Net - STARTING OUT SUCCESSFUL IN REAL ESTATE, TIPS FROM YOUNG PROS
In this special episode, co-hosts Michael Flight and Adam Carswell bring on John Kenney and Timothy Douglas to discuss how budding real estate entrepreneurs should get involved in the space. Michael, who has worked or is currently working with them, interviews Adam, Timmy and John about their experiences breaking into the commercial real estate market and what sparked their interest in the asset class, as well. The men also share key factors that have influenced their success in the CRE space, including networking and educating themselves on the ins and outs of the asset class. Closing the show, Timmy, Adam and John share books that have inspired their work ethics and overall go-getting attitudes, and Michael gives some sage advice to those looking to break into the commercial real estate market. Michael and Adam would like to give a huge thanks to Timmy and John for coming on the show and sharing his knowledge and experience with the Nothing But Net community. Contact Timmy Douglas: https://www.linkedin.com/in/timothy-douglas-7356a1150 Contact John Kenney: https://www.linkedin.com/in/john-kenney-7584b42 Find Liberty Real Estate Fund: https://libertyfund.io/  | hello@libertyfund.io For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
44:55
April 19, 2021
NNN016 – Nothing But Net - INVESTING IN A LET LEASE PORTFOLIO
In this special episode, co-hosts Michael Flight and Adam Carswell come together to present the benefits of investing in a net lease (NNN) property portfolio as well as the advantages of the tokenization of real estate. Michael and Adam take a look at the myriad of advantageous qualities of Triple Net properties that attract investors to them, including high-yield fixed passive income, great main-and-main locations, quality credit-tenants, long-term lease and recession-resistance to a constantly fluctuating market. Adam and Michael also break down how tokenizing real estate with security tokens that utilize blockchain technology increases liquidity and trading optionality, unlocking the trillion-dollar market to investors all around the world. They wrap up the episode by introducing the expert team that has formed and developed Liberty Real Estate Fund, the World’s First Single-Tenant Net-Leased Security Token Fund! Find Liberty Real Estate Fund: https://libertyfund.io/  | hello@libertyfund.io For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
42:04
April 1, 2021
NNN015 – Nothing But Net - TRIPLE NET BROKERAGE PIONEER, RANDY BLANKSTEIN
In this episode, co-hosts Adam Carswell and Michael Flight are joined by expert special guest Randy Blankstein who is President of The Boulder Group a Net Lease Advisory Firm, to discuss his company’s research with net lease properties and how the Triple Net (NNN) space continues to flourish, even during a global pandemic. Randy shares the benefits of boutique net lease firms compared to large corporations as well as what high-risk NNN investments look like versus more safe options with investment-grade tenants. Michael, Adam and Randy also look at the trends of the real estate industry that make Triple Net properties so attractive to investors, like changing consumer buying patterns and preferences, and where to look to invest in NNN properties going forward. They wrap up the episode with Randy’s recalling what set the foundation for his educational experiences in the net lease space! Michael and Adam would like to give a huge thanks to Randy for coming on the show and sharing his knowledge and experience on Net Lease, Triple Net and NNN properties with the Nothing But Net community. Contact Randy Blankstein: rblank@bouldergroup.com  |  (847) 562-0003  |  https://www.bouldergroup.com For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
40:15
March 17, 2021
NNN014 – Nothing But Net - FINANCING NET LEASE REAL ESTATE WITH EXPERT RALPH CRAM
In this episode, co-hosts Adam Carswell and Michael Flight are joined by expert special guest Ralph Cram, President and Manager at Envoy Net Lease Partners LLC, to discuss financing net lease (NNN) properties and how lenders should go about choosing Triple Net real estate deals to maximize profits while minimizing risk. Ralph shares his vast experience and wisdom in the net lease investing arena, explaining the stability behind Triple Net properties, the property management styles of franchisees versus large corporations and the different rates of financing NNN real estate with credit tenants. Michael, Adam and Ralph also delve into the developer side of financing and refinancing net lease real estate, looking at their relationships to lenders, financiers and investment funds. They wrap up the episode with Ralph’s sage advice to investors looking to educate themselves in the net lease space, with some great book recommendations to do so! Michael and Adam would like to give a huge thanks to Ralph for coming on the show and sharing his knowledge and experience with the Nothing But Net community. Contact Ralph Cram: hello@envoynnn.com  |  https://envoynnn.com For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
46:11
March 5, 2021
NNN013 – Nothing But Net - NNN SITE SELECTION TIPS FROM 30+ YEAR EXPERT
In this episode, co-hosts Adam Carswell and Michael Flight are joined by special guest Jeffrey Cermak, Founders and Managing Partner at Incline Advisors, to discuss the booming Triple Net (NNN) real estate space during a time when essential businesses are dominating the market and keeping investors profitable. Jeff shares his experiences dealing with large brand-name corporations in his 30+ years of working in commercial real estate as well as what makes these quality tenants stand the test of time. Michael, Adam and Jeff also talk about the crucial aspects of picking a property that will lead to financial success for tenants’ businesses, especially the importance of location and customer experience. They wrap up the episode with a look at how office spaces are looking for interested investors and what Jeff has transitioned to working on in the net lease real estate realm, as well. Michael and Adam would like to give a huge thanks to Jeff for coming on the show and sharing their knowledge and experience with the Nothing But Net community. Contact Jeff Cermak: jcemak@ccim.net  |  http://www.inclinecre.com For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
36:41
February 17, 2021
NNN012 – Nothing But Net - INDUSTRIAL TRIPLE NET REAL ESTATE
In this episode, co-hosts Adam Carswell and Michael Flight are joined by special guests Matt Shamus and Dan Kennedy, Co-Founders and Managing Partners at Driven Capital Partners (DCP), to discuss how DCP operates in the Triple Net (NNN) marketplace with its diverse portfolio of industrial net lease properties. Matt and Dan touch on some of the most important aspects of choosing quality NNN investments for their clients with lease terms that will yield generous passive income to investors. They also talk about the potential growth in the net lease space and why so many investors are attracted to these Triple Net deals not only because of their security and safety but returns on investments, as well. On top of the thorough breakdown of Matt and Dan’s investment strategy, the guys give great tips on how to mitigate risk and where they see Triple Net lease properties expanding into in the near future. Michael and Adam would like to give a huge thanks to Matt and Dan for coming on the show and sharing their knowledge and experience with the Nothing But Net community. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
41:15
February 3, 2021
NNN011 – Nothing But Net - NET LEASE DEVELOPMENT AND REITS
In this episode, co-hosts Adam Carswell and Michael Flight are joined by special guest Alex Dmyterko, President at SVN BlackStream LLC (BlackStream), to discuss retail and Triple Net (NNN) property development and Real Estate Investment Trusts (REITs). Alex shares his extensive background in the real estate space, not only with commercial real estate properties but also industrial, multifamily and more. Alex also breaks down some key terms for REIT investments, including Build to Suit, Bankable Takeout, Build to Hold and Build to Sell, that touch on some key factors that facilitate a good relationship with quality and creditworthy tenants. Michael, Adam and Alex wrap up the episode by pointing out some lucrative net lease investing opportunities and where Alex is currently focusing his real estate endeavors. Michael and Adam would like to give a huge thanks to Alex for coming on the show and sharing his knowledge and experience with the Nothing But Net community. Contact Alex Dmyterko: alex@blackstreamre.com For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
40:18
January 22, 2021
What Are The Top 7 Net Lease Secrets?
Net Lease experts Michael Flight and Adam Carswell share the secrets behind Triple Net (NNN/Net Lease) investments! They explain how these hassle-free investments create consistent cash flow without investors having to worry about taxes, toilets or terrible tenants. This webinar is brought to you by Liberty Real Estate Fund LLC (libertyfund.io).  Watch the video replay here: https://www.youtube.com/watch?v=cHFmJZO5ah4 Contact Michael or Adam: hello@libertyfund.io ABOUT LIBERTY REAL ESTATE FUND — Liberty Real Estate Fund (Liberty) is the World’s First Single-Tenant Net-Lease Security Token Fund, using more than 30 years of institutional real estate investment experience in Net Lease properties to deliver stable, diversified, tax efficient returns combined with blockchain technology to create access, liquidity and new investment optionality.   Liberty Real Estate Fund acquires Single-Tenant Net-Leased (NNN) real estate assets that include auto service, convenience stores, mobile phone providers, medical service, supermarkets, and essential business retail properties operating in high growth markets throughout the United States. The Liberty portfolio is designed for investors to achieve: Geographic Diversification; Industry Diversification; Tenant Credit security and consists of hard assets that have intrinsic value. These Net Lease properties have long term contractual rents backed by some of the world’s largest and best brand name, exceptionally well capitalized companies.  The assets can be described as “Corporate bonds wrapped in real estate”.   Liberty Real Estate Fund I, LLC is an SEC 506 (C) Regulation D investment available to US Accredited Investors and Regulation S for non-US investors. Subscribe: https://www.youtube.com/subscription_center?add_user=UCU55p8m4gHcx77Y9n0r0kXw For more info, please visit: www.libertyfund.io Get your FREE 10 Reasons to Invest in Real Estate on the Blockchain Special Report:  https://libertyfund.io/real-estate-investment-on-blockchain/ For more on NET LEASE PROPERTY INVESTING: The Nothing But Net Show podcast     NothingButNet.us A podcast all about Triple Net investments, Single-Tenant Triple-Net, NNN  real estate investing. Adam Carswell and Michael Flight discuss why Real Estate Investing is superior to most other investments and why Net Lease investments are the most stable, easiest to manage, cash flow machines that are also hard assets with intrinsic value.  You will also learn why most of the wealthiest individuals and families invest in income producing commercial real and why Net Lease investments are a perennial favorite.  Net Lease real estate creates and preserves wealth and pays consistent cash flow (regular passive income). *Note: Liberty Real Estate Fund LLC and Liberty Equity Management LLC (collectively “Liberty”) have made every attempt to ensure the accuracy and reliability of the information provided. Liberty cannot not accept any responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained herein. The information herein should not be considered legal advice, tax guidance, or financial counsel.  You should consult your own professional advisors before making any decisions or investments.
59:22
January 16, 2021
NNN010 – Nothing But Net - DUE DILIGENCE AND LEASE ANALYSIS WITH JASON RICKS
In this episode, Co-Hosts Adam Carswell and Michael Flight are joined by special guest Jason Ricks, COO of Liberty Real Estate Fund LLC, to discuss the due diligence period and lease analysis for Triple Net real estate deals. They touch on the key components of what happens during the due diligence period of analyzing NNN property leases and stress the importance of visiting the physical Triple Net store location to assess the property investment’s chance of success. Jason also shares a list of 10 important factors to consider when evaluating a net lease, including renewal options, early termination clauses, radius resurgence and much more. They wrap up the episode by emphasizing two major factors to complete before the end of the due diligence period and why the lease analysis is essential to NNN real estate deals. Michael and Adam would like to give a huge thanks to Jason for coming on the show and sharing his knowledge and experience with the Nothing But Net community. Contact Jason Ricks: hello@libertyfund.io For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
44:04
January 11, 2021
NNN009 - Nothing But Net - BENEFITS OF NET LEASE INVESTING WITH MATT BEAR
In this episode, co-hosts Adam Carswell and Michael Flight are joined by special guest Matt Bear, founder of Bear Real Estate Advisors LLC, to discuss the various tax benefits of owning Triple Net real estate. They specifically focus on 1031 exchanges for net lease real estate property deals and how this type of exchange offers unique tax advantages for buyers and investors. Michael and Matt also explain the key factors to notice when reviewing a 1031 exchange and what investors should consider when hiring real estate brokers. They wrap up this episode with some of Matt’s recommendations for investing in real estate and his thoughts on the recent Triple Net dealings in Las Vegas. Michael and Adam would like to give a huge thanks to Matt Bear for coming on the show and sharing his knowledge and sage advice with the Nothing But Net community. Contact Matt Bear: (702) 710-1031, mbear@bear-advisors.com Learn more about Bear Real Estate Advisors: https://www.bear-advisors.com/ For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
39:10
December 14, 2020
NNN008 – Nothing But Net – PURCHASE AND SALE AGREEMENT
In this episode, co-hosts Adam Carswell and Michael Flight delve into what a Purchase and Sale Agreement (PSA) is from the business person’s standpoint. They discuss the important factors that PSAs for Triple Net (NNN) properties should have in writing, including a detailed property description, what is specifically being sold, the lease type, the purchase price, the due diligence period, and much more. Michael and Adam also explain what kind of mindset buyers should have when negotiating the PSA with sellers. They wrap up this episode with Michael sharing some key tips in evaluating the PSA, emphasizing the importance of checking that everything buyers want is specially written in the PSA and  always paying close attention to time limits and dates listed to ensure a smooth close of the NNN deal. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
45:13
November 30, 2020
NNN007 – Nothing But Net – LETTER OF INTENT
In this episode, co-hosts Adam Carswell and Michael Flight explain the process of making an offer on a Triple Net (NNN) property with what is called the Letter of Intent, or Purchase Offer. They discuss the key information to include in an LOI to make sure the investor and property owner are clear on the stipulations of the offer. Michael and Adam also point out and define terms, such Purchase Sale Agreement, Single Asset Entity, Estoppel Certificate and many more, educating listeners through a step-by-step breakdown of an LOI. They wrap up this episode with an emphasis on why they aim to prepare investors for these Triple Net investment deals with a clear letter of intent. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
35:20
November 13, 2020
CNBC Dubai - Liberty Real Estate Fund - 12th Annual Global Family Office Summit
Watch the video here: https://youtu.be/aZxzDTg0W84
05:39
November 8, 2020
NNN006 – Nothing But Net – FINANCIAL ANALYSIS OF OFFERING MEMORANDUM
In this episode, Adam Carswell, and Michael Flight talk with Jordan Steck, Liberty Real Estate Fund’s co-founder and Director of Eastern Acquisitions & Capital Markets, to work through the financial analysis of an offering memorandum — the same OM reviewed in episode NNN005. (To follow along with Michael, Adam and Jordan, watch the video HERE to see them actually going through the offering memorandum!) They discuss the key assumptions that are important when evaluating the economic feasibility of a real estate investment. Jordan also points out the annual cash flows and how to get to different levels of income as well as understanding what the different returns are of the Triple Net property and how to get to those returns. They wrap up this episode with an emphasis on the importance of evaluating the taxable income that Triple Net properties offer investors. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
59:14
November 3, 2020
NNN005 – Nothing But Net – OFFERING MEMORANDUM WALKTHROUGH
In this episode, Adam Carswell and Michael Flight work through a sample offering memorandum to show investors how to read and understand a potential acquisition from its given written information. (To follow along with Michael and Adam, watch the video HERE to see them actually going through the offering memorandum!) They discuss how investors must evaluate for growth rates, economic prospects, and especially the government structure after choosing a location(s) for net lease properties. Michael shares why and how to assess the location and trade area of prospective Triple Net properties through the Walgreens sample offering memorandum. Michael and Adam point out other important metrics to pay attention to and what they mean, including the price per square, building attributes, lease term, and more. They wrap up by giving investors some advice on what to do before signing a net lease property, especially why to physically visit a property location. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
40:31
October 29, 2020
NNN004 – Nothing But Net – CREDIT RATINGS
In this episode, Adam Carswell and Michael Flight discuss credit ratings and what it means to be an investment-grade tenant. They share what a credit rating is, and how to evaluate whether a tenant is a good fit for a net lease property (i.e. investment grade). Michael and Adam emphasize how Triple Net real estate is a better investment than bonds, as well. Michael also explains the importance of evaluating the government type, government temperament, and government regulations surrounding a Triple Net property for the acquisition criteria. They wrap up this episode with Michael explaining how the brand affects the success of a net lease tenant. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
31:43
October 20, 2020
NNN003: Nothing But Net - ACQUISITION CRITERIA
In this episode, Adam Carswell and Michael Flight explain what a Triple Net property is and the benefits of Net Lease Investments. Specifically, they share what acquisition criteria investors need for investing in Triple Net (NNN) lease properties and how to evaluate these investments with a solid syndication team. Michael and Adam also explain the importance of having industry knowledge, and more specifically target industry knowledge, when choosing net lease properties in the investor’s target geographic location. They wrap up this episode with Michael giving a real-world example of a company’s acquisition criteria, sharing Liberty Real Estate Fund’s process when choosing investments. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
39:11
October 14, 2020
NNN002: Nothing But Net - WHY REAL ESTATE?
In this episode, hosts Adam Carswell and Michael Flight answer a few questions on why real estate is a superior investment. He shares what investors should do to: acquire a safe haven investment in times of global economic storms; avoid stock market volatility during political unrest; and achieve consistent monthly income and cash flow. They also touch on what investment alternative has produced the most stable returns over long periods of time to create value and wealth for investors. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
21:24
October 14, 2020
NNN001: Nothing But Net - INTRODUCTION
Co-Hosts Adam Carswell and Michael Flight introduce one another in this introductory episode of the Nothing But Net podcast. Both Michael and Adam have extensive experience in their respective fields of real estate and media/marketing: Michael is a founding Partner of Concordia Realty and Concordia Equity Partners as well as his new venture Liberty Real Estate Fund LLC with over 30 years of experience in commercial real estate; Adam is an expert in marketing and social media strategies, working as Director of Media and Marketing for Concordia Realty and LibertyFund.io. In this episode, Adam and Michael explain exactly what a net lease asset is, what Triple Net (NNN) and Single Tenant Net Lease (STNL) investments are, and what makes net leased properties the best real estate investment. They also discuss the benefits of real estate on the Blockchain and why Liberty Real Estate Fund chose real estate tokenization with STOs — based on the future of real estate utilizing blockchain technology in an ever-expanding digital age. For more information on: Liberty Real Estate Fund LLC (https://libertyfund.io/) Concordia Realty Corporation (concordiarealty.com/) Chicago Blockchain Real Estate Collective (http://www.concordiarealty.com/chicago-blockchain-real-estate-collective-meetup/)
25:06
September 23, 2020