Real Estate Breakthrough

"The LPs traditionally are going to have the lion's share of that equity stack and if you don't have a good handle on those LP's, you can run into some hot water and not be able to raise your money." - Chad Zednek

Today I am interviewing Chad Zdenek. He is the CEO of CSQ Properties, which functions as an acquisition and reposition management company of multi-family and self storage real estate. They hold 750 multi-family units and 3,000 self storage units in California and other parts of the US. He has presented at my ITI Meeting as well as been a previous guest on the show.

Chad Zdenek: Had a career in construction and civil engineering, obtaining a license for both . He worked at Boeing for 7 years as a structural dynamics engineer before going into business with his brother which they ran successfully for a few years before Chad was bought out. After, he went into real estate full time and established CSQ Properties as well as grew a $150 million general partner portfolio.

TOPICS COVERED IN THE EPISODE

Chads background at Boeing as a structural engineer
What is CSQ Properties
Choosing the right investment partners
The horse track analogy
Why no one talks about the LP's
Who does what in an equity stack
How are syndications setup
The technicals matter
Who is the silent Co GP
What is effective investor communication
How no communication becomes miscommunication
Why Co GP's distance themselves
Treat all investors the same
The challenges with capital calls on distress deals
Reestablishing know, like and trust

Listen now and find out how Chad found his Real Estate Breakthrough!

The Real Estate Breakthrough Show with Christina Suter is where we talk about the reality of real estate, the mindset you need and the tips and tricks to get you moving forward in investing. Join us every other week and learn everything you need to know to invest in real estate on Youtube, iTunes, Spotify, and more. You can watch Chad's interview on Youtube here.