Surgeon Syndicate
Are you a medical doctor seeking to break free from the constraints of a traditional medical career and achieve both professional fulfillment and personal freedom? Look no further! Welcome to Surgeon Syndicate, the podcast that empowers doctors to take control of their future. Join your host, Dr. Mike McManus, a former burnt-out surgeon turned thriving real estate investor, on a transformative journey of possibilities. In each of our three weekly episodes, we dive deep into the world of commercial real estate investing, empowering you with the knowledge and tools you need to make your work optional. Don’t settle for the limitations of a traditional medical career and unlock a future of professional autonomy and financial prosperity. Listen now and take the first step toward building the life you’ve always envisioned!
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Episodes
Wednesday Nov 06, 2024
Wednesday Nov 06, 2024
In this insightful conversation, Mike and Ginny dive deep into her journey through the world of real estate, from her early days managing large-scale property acquisitions for Florida’s Department of Transportation to her current role in commercial real estate, syndications, and fund management. Ginny shares stories from her impressive career, including closing a $20 million deal for the "Missing Link" of I-95, and offers a rare look into the nuances of negotiating settlements, dealing with eminent domain, and working with appraisers, land planners, and speculators. The discussion explores the differences between working in the public sector versus the private side, the strategic land acquisitions by family offices, and how infrastructure projects can dramatically impact land value. Ginny also emphasizes the importance of understanding property access, local development plans, and the potential for business damages—highlighting real estate investments' significant risks and rewards. Whether it's managing timelines or navigating legal landscapes, Ginny’s experiences offer a wealth of practical insights for real estate professionals and investors alike.
What you’ll learn from this episode:
The importance of fair and strategic negotiations.
The power of infrastructure projects on land value.
How investors use their foresight and capital (low-risk and long-term investments) to secure valuable properties poised for future growth.
The importance of evaluating aerial maps and staying ahead of these potential changes could be crucial for passive investors.
How timing and foresight in these areas can shape investment success.
About Ginny Bolling
Ginny has been in real estate for over 35 years, mainly as a consultant expert in real estate acquisitions in the governmental arena. As such, she has extensive knowledge and ability to understand and work through land title, land use, zoning, valuation, contracting, litigation, permitting, and environmental issues, as well as closing complex transactions. She has:
■ Acquired or supervised the acquisition of over 600 properties■ Earned the designation of Senior, Right of Way Associate (SR/WA)■ Bought first foreclosure property in 1987■ Real estate broker for over 30 years■ Residential (2-yr) and commercial real estate appraiser over six (6) years■ Started first of five (5) businesses in 1984■ Worked in highly litigious & contentious environments (eminent domain) 22+/- years■ Fix & flip investor (4) years■ Currently holds rentals in Central Florida and Jacksonville■ Limited Partner in 544 units in Houston, TX
Connect with Ginny
Website
LinkedIn
Facebook
Acquisitions Solutions LLC
What to anticipate soon, stay tuned!
Upcoming FREE Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Thursday Oct 31, 2024
Thursday Oct 31, 2024
Ready to explore the ins and outs of smart investing? In today’s episode, we’re diving deep into the tax advantages of investing in real estate syndications with our expert guest, Dr. Mike McManus.
Mike breaks down essential concepts like depreciation, bonus depreciation, and the real estate professional status, emphasizing why it's crucial to understand these strategies for maximizing your investment returns. He highlights the importance of working with a skilled tax professional who can help you navigate these benefits effectively.
But that's not all—Mike also shares insights on the long-term growth potential and significant tax savings that real estate investments can offer. Plus, he encourages you to engage with us on social media, sharing your own questions and concerns about tax benefits in real estate.
These insights will equip you with a deeper understanding of leveraging real estate syndications for optimal tax benefits and long-term growth.
What you’ll learn from this episode:
Learn how depreciation allows investors to deduct the property’s wear and tear over time, reducing taxable income.
Discover how qualifying as a real estate professional can open up additional tax benefits, allowing you to offset passive losses against active income.
Understand the mechanics of 1031 exchanges, which enable investors to defer capital gains taxes by reinvesting profits into another property.
Cost Segregation Strategy
Consulting a Tax Professional
What to anticipate soon, stay tuned!
Upcoming Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Tuesday Oct 29, 2024
Tuesday Oct 29, 2024
In this episode, Mike dives deep into the critical world of sponsor due diligence in real estate investing. He paints a vivid picture of why it’s essential to thoroughly evaluate a sponsor's experience, track record, and communication style—elements that can make or break an investment.
Mike also unpacks the key investment metrics every investor should know, exploring the unique risks and rewards associated with various property types. He emphasizes the crucial role of risk management, providing listeners with a roadmap to navigate potential pitfalls.
But it doesn’t stop there! Mike highlights the art of asking the right questions when engaging with potential sponsors, empowering investors to make informed decisions. He encourages vibrant discussions and networking opportunities that can elevate your investing game. Tune in for insights that could transform your real estate journey!
What you’ll learn from this episode:
Understanding the Sponsor
How effective communication is vital, especially during challenging times. Mike warns against sponsors who rely solely on emails and stresses the importance of having a clear communication plan, particularly concerning unexpected issues and risks in the investment.
Familiarity with key financial metrics like cash-on-cash return, internal rate of return (IRR), and equity multiple is essential. However, investors should be cautious, as projections can be manipulated, and it’s wise to prefer sponsors who underpromise and overdeliver.
Risk Assessment in Property Types
Three Main Key Risks in Investing
What to anticipate soon, stay tuned!
Upcoming Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Thursday Oct 24, 2024
Thursday Oct 24, 2024
In the second part of the episode with Eric Burns, Mike and Eric discussed the current landscape of real estate investments amidst rising interest rates, noting that while some investors face losses, skilled operators are thriving and capitalizing on market challenges. Eric emphasized the need for diversification within real estate and highlighted opportunities for attractive deals during downturns, drawing from his experiences in syndication and investor education. They also explored the construction industry's state, with Mike sharing insights on a positive builder's outlook and the natural market correction that weeds out less capable operators.
Eric echoed the importance of selective partnerships and securing favorable fixed-rate financing. Both underscored conservative underwriting practices, particularly regarding projected rent increases and cap rates, and the necessity of a robust strategy for property improvement. They discussed the advantages of using capital raisers and trusted operators to manage investments, advocating for ongoing education and adaptability in the evolving market. Eric encouraged doctors to pursue financial independence through his investment services.
What you’ll learn from this episode:
The rising interest rates causing some investors to incur losses, experienced operators are finding ways to thrive, suggesting that strong management can lead to profitable opportunities even in challenging conditions.
The importance of diversifying real estate holdings across different asset classes and markets, which can provide stability and potential for great deals during market downturns.
The quality of operators in the construction industry is crucial; effective operators are more selective and can adapt to market changes, while weaker ones are often filtered out during tough times.
Mike and Eric highlighted the necessity of conservative underwriting practices, focusing on realistic rent increases and cap rate projections. This approach helps mitigate risks and ensures better investment outcomes.
The role of capital raisers.
About Eric Burns
Eric Burns is a Cincinnati-based entrepreneur. His journey has taken him from being a finance major to a Cincinnati Firefighter to a residential real estate investor and flipper to finally landing in commercial real estate. He values his journey and believes in the entrepreneurial spirit.
His message to fellow entrepreneurs is simple, STOP TRADING YOUR TIME FOR MONEY and LIVE LIFE BULLISH. Like many, Eric started his real estate investment career in the residential space and expanded into the commercial arena. His first property was a student housing rental in 2016, while he was still active with the Cincinnati Fire Department. Later, he expanded into renovations, and eventually, after many years of growth, education, and “failing forward”, Eric found himself in the commercial space.
Connect with Eric
Website
LinkedIn
Facebook
Instagram
What to anticipate soon, stay tuned!
Upcoming FREE Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Tuesday Oct 22, 2024
Tuesday Oct 22, 2024
Today's special guest Eric Burns with our host Dr. Mike McManus shared their unique career journeys, highlighting the possibilities and challenges of making bold career pivots. They emphasize the critical role of passive income in achieving financial independence, particularly for professionals seeking a way out of the traditional grind.
The duo also examines the current landscape of real estate investments, unpacking the complexities of underwriting and selling properties. They discuss strategic approaches for navigating these challenges and the advantages of partnering with a capital raiser or operator in commercial real estate. As the episode wraps up, Eric inspires listeners—especially doctors—to pursue financial freedom through innovative investment strategies and expert guidance. Tune in for a blend of personal stories, actionable insights, and motivation to rethink your financial future!
What you’ll learn from this episode:
Career pivots and pathways.
Understand how surrounding oneself with ambitious and like-minded individuals can significantly impact success, particularly in real estate and entrepreneurial endeavors.
Discover the vital role of passive income streams in achieving financial freedom and alleviating burnout, especially for high-pressure professions like medicine.
Learn about the nuances of underwriting and selling real estate investments, as well as the advantages of partnering with experienced operators who practice conservative underwriting.
Flexibility and personal development.
About Eric Burns
Eric Burns is a Cincinnati-based entrepreneur. His journey has taken him from being a finance major to a Cincinnati Firefighter to a residential real estate investor and flipper to finally landing in commercial real estate. He values his journey and believes in the entrepreneurial spirit.
His message to fellow entrepreneurs is simple, STOP TRADING YOUR TIME FOR MONEY and LIVE LIFE BULLISH. Like many, Eric started his real estate investment career in the residential space and expanded into the commercial arena. His first property was a student housing rental in 2016, while he was still active with the Cincinnati Fire Department. Later, he expanded into renovations, and eventually, after many years of growth, education, and “failing forward”, Eric found himself in the commercial space.
Connect with Eric
Website
LinkedIn
Facebook
Instagram
What to anticipate soon, stay tuned!
Upcoming FREE Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Thursday Oct 17, 2024
Thursday Oct 17, 2024
Join us for a thought-provoking discussion that promises to enhance your investment acumen. In this episode, Mike explores the intricacies of real estate syndication, drawing from his personal experiences to illuminate its distinct advantages compared to other investment strategies. He offers invaluable insights for investors looking to deepen their understanding of the current commercial real estate landscape, particularly the shifting dynamics of office spaces. Delving into the essential roles of general and limited partners within syndication structures, Mike highlights the importance of risk mitigation. He provides practical advice on evaluating syndication sponsors and navigating the complex risks and rewards associated with real estate syndication.
Get ready for an exciting webinar, soon! Mike is thrilled to discuss a well-crafted series that promises to captivate and inspire, emphasizing its interactive nature and the aim to provide a deeper understanding of the topics. Join us for insights you won’t want to miss! Stay tuned for updates.
What you’ll learn from this episode:
The distinctions between real estate syndications, joint ventures, and various investment strategies.
The impact of online shopping on retail and the potential resurgence of downtown office spaces, providing insights into where opportunities may lie.
Learn about the critical functions of general partners (GPs) and limited partners (LPs) within syndications.
Discover effective strategies for managing risks in real estate syndications. Mike highlights the importance of conservative underwriting, contingency planning, and understanding different risk types, equipping you with tools to navigate potential challenges.
Understand the key factors to consider when selecting a syndication sponsor.
What to anticipate soon, stay tuned!
Upcoming Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Tuesday Oct 15, 2024
Tuesday Oct 15, 2024
Welcome to this episode, where we chart a course through captivating stories and valuable insights, unlocking the treasure of real estate syndications along the way! Join Mike as he not only unravels the challenges faced in these intricate procedures but also shifts gears to explore the exciting realm of real estate investing. The world of real estate syndications—what they are, how they differ from joint ventures and partnerships, and why they matter for aspiring investors. Mike shares invaluable insights on how to get involved in syndications, the critical process of sourcing and evaluating investment deals, and the keys to finding reliable syndicators. Plus, he tackles common misconceptions and barriers that might be holding you back from diving into this lucrative investment strategy.
Whether you’re a seasoned investor or just curious about the world of real estate, this episode is packed with information that will equip you to take the plunge into syndications.
What you’ll learn from this episode:
Learn the fundamental differences between real estate syndications and joint ventures.
Find out the essential steps for getting involved in syndication, particularly the importance of sourcing quality deals.
Discover effective strategies for locating trustworthy syndicators and like-minded investors.
Gaining insights into assessing potential investment deals and understanding the importance of mentorship and community can provide valuable perspectives on evaluating opportunities, enabling you to make informed decisions and minimize risks.
Investment Commitment and Strategy: Clarify common misconceptions about the capital required to participate in syndications.
What to anticipate soon, stay tuned!
Upcoming Webinar
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Friday Oct 11, 2024
Friday Oct 11, 2024
What unique hurdles do surgeons face when making the leap into real estate investing? Dr. Mike McManus explores this intriguing question, shedding light on the crucial importance of a supportive community during such a transition. He candidly shares his own recent health challenges and how they've influenced both his personal and professional journeys. Mike takes us through his latest adventures in real estate investment, revealing the obstacles he encountered while securing financing and highlighting the power of perseverance and a commitment to lifelong learning in the pursuit of success.
What you’ll learn from this episode:
Balancing time and mental bandwidth to pursue real estate investing.
The transformative power of community.
Be familiar with the unexpected twists and turns of managing health crises that can disrupt even the most steadfast journeys.
Learn about the complexities of securing financial for real estate deals especially when stepping out of your comfort zone.
Recognize the incredible power of perseverance and the pursuit of knowledge.
What to anticipate soon, stay tuned!
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Wednesday Oct 09, 2024
Wednesday Oct 09, 2024
As we embark on the second episode with our guest Ray Hightower, get ready to delve deeper into the evaluation of property managers, highlighting the importance of asking targeted questions to uncover potential issues and opportunities. He shared his experiences with on-site managers to assess occupancy and identify improvements. Mike, our host, reinforced the value of transparency from property managers and the insights gained from on-site maintenance personnel.
The conversation then shifted to commercial real estate brokers, where Ray, leveraging his experience as both the broker and investor, explained the brokers' fiduciary duty to sellers and how their focus can change once a deal is underway. He noted the varying professionalism of brokers across states. They also addressed passive investors in syndications, with Ray advising them to network with multiple syndicators, understand underwriting, and evaluate a syndicator's track record and team experience.
What you’ll learn from this episode:
The importance of building relationships in investment ventures.
The differences between 506 B and 506 C deals regarding investor relationships and advertising.
The importance of asking key questions to understand the property's potential issues and opportunities.Recognizing local market conditions and diversifying into specialized areas
The importance of brokers in facilitating transactions, interacting with various professionals, and ensuring deals are completed.
The importance of interacting with on-site maintenance personnel to gain a deeper understanding of the property's needs and potential issues.
About Raymond "Ray" Hightower
Raymond T. Hightower is a commercial real estate investor and tech company founder operating in the State of Arizona, USA. Hightower started and ran his technology company for over two decades before selling the company and launching Bridgetown Partners. Bridgetown/ROIClear buys commercial real estate in Arizona, Tennessee, and Texas, focusing on 50- to 150-unit multifamily properties. The company also produces the ROIClear Podcast, a video podcast for business leaders.
Connect with Ray
Website
LinkedIn
Facebook
YouTube
Vimeo
Instagram
GitHub
Speaker Deck
ROI Clear Podcast
What to anticipate soon, stay tuned!
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
Monday Oct 07, 2024
Monday Oct 07, 2024
In this captivating episode, Mike and Ray dive into Ray's remarkable journey from tech entrepreneur to savvy commercial real estate investor. They explore the pivotal lessons learned from failures and the art of taking calculated risks in the multifamily market. The conversation highlights the crucial roles of asset and property managers, offering insights on how to effectively evaluate property managers and cultivate valuable relationships with brokers and investors. They share the unique perspective of passive investors in syndications and underscore the vital importance of nurturing strong connections within the investment community. This is a treasure trove of knowledge on navigating the dynamic world of multifamily real estate!
What you’ll learn from this episode:
Embracing failure as a learning tool
Leveraging free resources and networking
Focusing on resilient asset classes
Recognizing local market conditions and diversifying into specialized areas
Understanding the distinct crucial responsibilities of asset managers and property managers
About Raymond "Ray" Hightower
Raymond T. Hightower is a commercial real estate investor and tech company founder operating in the State of Arizona, USA. Hightower started and ran his technology company for over two decades before selling the company and launching Bridgetown Partners. Bridgetown/ROIClear buys commercial real estate in Arizona, Tennessee, and Texas, with a special focus on 50- to 150-unit multifamily properties. The company also produces the ROIClear Podcast, a video podcast for business leaders.
Connect with Ray
Website
LinkedIn
Facebook
YouTube
Vimeo
Instagram
GitHub
Speaker Deck
ROI Clear Podcast
What to anticipate soon, stay tuned!
Register to Join Mike's FREE Webinar this coming October 9th!
Facebook Live: "Ask Me Anything" an interactive 30-minute question and answer session on a weekend morning coffee
The Fortress Capital Investors Club Launch
Connect with us
If you’re a busy professional who wants to know more about growing your wealth through real estate, contact us at welcome@thefortresscapital.com | TheFortressCapital.com
Website: Surgeon Syndicate
LinkedIn: Michael McManus
Instagram: @michaelmcmanusp
Facebook: Michael McManus
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