Money In & Out In 6-12 Months Investing In Retail Centers & Modular Home Construction w/ David Lawver, CEO @ Turnkey Ventures
How do you know you’re not placing money with an investment firm that is doing deals primarily for the fees instead of focusing on the upside (where you benefit most!)?
I interviewed David Lawver CEO @ Turnkey Ventures on The Legacy Wealth Podcast and we dove into all kinds of really interesting topics including:
I interviewed David Lawver CEO @ Turnkey Ventures on The Legacy Wealth Podcast and we dove into all kinds of really interesting topics including:
- David’s investment strategy of cycling his money every 6-12 months with Retail Centers & Modular Home Construction
- Is it better to place your capital with a larger institutional fund, or are you experienced enough to work with a smaller operator
- And how to look at a deal’s fees & its investment splits to uncover the motives of the investment firm
// About The Guests:
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David Lawver is a mortgage lending expert, real estate investor, and entrepreneur, who took his mortgage brokerage business from $200k to $12M/year in revenue.
His years in the mortgage industry naturally lead him into real estate investing. He started with single-family homes, dabbled in short-term rentals and apartment buildings, and eventually got into retail centers, which became his most profitable real estate asset class. Since 2014, David has acquired over $75M of real estate projects.
Pascal Wagner is the founder of the Grow Your Cashflow Network which was formed to help accredited investors learn how to earn consistent passive income from private investments.
Previously, he was the Fund & Portfolio Manager at Techstars, making over 300 follow-on investment decisions primarily for the Techstars Ventures ‘17 and ‘21 Funds, he founded Walkthrough, which was acquired by PlanOmatic in 2019, he founded Online Ad Labs which was acquired by PosterBrain in 2016, and he has owned a growing portfolio of real estate properties across the United States since 2013.
// About The Show:
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Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.
// Links Related To This Episode:
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- Learn how to earn passive income from private investments: www.growyourcashflow.io
- Get access to our deal database of all 506(c) cashflow opportunities we come across at: www.getfundbase.com
- Follow Pascal Wagner on Social: www.investwithpascal.com
- Follow The Legacy Wealth Podcast on your favorite platform: https://legacywealthpodcast.transistor.fm/
- Watch the show on YouTube: https://youtu.be/2g2Xhage1Nw
- Reach out to David Lawver on Linkedin: https://www.linkedin.com/in/davidlawver/
- Learn more about Turnkey Ventures: https://turnkeyventures.com/
// Key Time Stamps & Topics
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00:00 - Intro
01:02 - David Lawver's Background
03:00 - Background in mortgage lending and his transition to real estate investing
04:20 - David shares advantages of having an income source while investing and discusses his vantage point from the lending business in terms of recognizing valuable investment opportunities.
06:10 - Managing flip deals felt like running a second business
07:00 - David shares insights into the decision-making process for selecting asset classes based on the balance of work, risk, and return.
08:00 - David dives into the structure of his investment deals, including retail centers and modular flips, highlighting fast money in and money out for retail centers, and a combination of equity growth and capital return for modular flips
10:06 - The differences in holding periods and investor returns for retail centers and modular construction deals.
11:03 - David discusses the concept of turning investments into funds and exploring the idea of an open fund.
12:15 - The joy and camaraderie David experiences with investors and their contributions to deals.
13:15 - David Lawver traces his transition from active management of Airbnb properties to more passive investment
15:00 - The importance of thoroughly analyzing the return, work, and risk associated with deals
17:00 - David elaborates on the value he brings to retail tenants by managing construction and real estate.
19:00 - David shares his perspective on not rushing to do multiple deals and aiming for excellence in one
21:00 - David Lawver expresses his preference for quality and thorough research in pursuing new business ventures.
23:30 - The importance of anticipating interest rate changes and future market corrections in investment decisions.
25:15 - David underscores the problem of fund managers prioritizing fees over investors' best interests and accountability.
26:45 - David warns about risks associated with inexperienced operators and emphasizes the importance of a credible track record.
29:00 - David emphasizes the three key factors: work required, risk involved, and potential return, in evaluating investment options.
30:00 - David explains how operator fees can indicate their approach to deals and shares insights on fund structuring.
31:45 - David elaborates on how different investors' needs and net worth affect their preferred investment strategies.
32:48 - The correlation between preferred return (pref) and split percentages and their implications.
33:15 - David acknowledges that operator integrity plays a role in determining fee structures and investor benefits.
35:45 - David emphasizes the efficiency of factory-built
construction.
37:12 - David explains profit splits and returns on flips.
41:16 - Outro
Creators and Guests
Host
Pascal Wagner
I help accredited entrepreneurs & executives in the US replace their primary income through private investments.
Guest
David Lawver
David Lawver is a mortgage lending expert, real estate investor, and entrepreneur, who took his mortgage brokerage business from $200k to $12M/year in revenue. His years in the mortgage industry naturally lead him into real estate investing. He started with single-family homes, dabbled in short-term rentals and apartment buildings, and eventually got into retail centers, which became his most profitable real estate asset class. Since 2014, David has acquired over $75M of real estate projects.
