0:01
[Music]
0:03
hey what's going on everyone i'm your
0:05
host adrian chukliangi
0:08
welcome to the st joseph's capital show
0:11
the home for faith-driven leaders and
0:13
investors in pursuit of new streams of
0:16
passive income
0:18
through the tried and true asset class
0:20
of commercial real estate
0:23
i have conversations with high
0:24
performers investors and syndicators in
0:26
industry that are using their time
0:29
talent and treasure to breathe life into
0:32
and create eternal impacts in their
0:34
communities
0:35
our goal is to help you build
0:37
relationships
0:39
learn about real estate investing and
0:41
syndication
0:42
and level up one day at a time
0:44
so that we can all become the best
0:47
versions of ourselves
0:49
now let's get to the show
0:52
[Music]
1:01
receive your free access to our
1:03
seven-day course an introduction to
1:05
passive real estate investing which also
1:07
includes access to our new ebook 13
1:10
advantages of real estate syndications
1:12
inside you'll learn the basics of
1:14
commercial real estate how syndications
1:16
can be a wiser alternative a detailed
1:18
example of forcing appreciation and
1:20
increasing value on a multi-family
1:22
property and benefits of passively
1:24
investing receive access to this course
1:26
and the book by checking out the show
1:28
notes or visit st
1:30
josephscapital.com
1:32
that is s-t-j-o-s-e-p-h-s-c-a-p-i-t-a-l
1:34
[Music]
1:38
dot com to start your investment journey
1:41
[Music]
1:46
welcome to the st joseph's capital show
1:48
this is adrian chukwuyang thanks for
1:50
joining us in for today's episode
1:53
today i really just want to highlight
1:54
you know what the why is behind my drive
1:58
for this business
1:59
and for this podcast
2:01
and just share with you about who i am
2:04
so i am just a simple guy from northern
2:06
virginia
2:07
my dad immigrated to the united states
2:10
from ecuador and my mom is a virginia
2:13
native
2:14
i am the fourth
2:16
of six kids
2:18
and my dad really gave us the gifts of
2:20
our catholic faith my mom
2:23
was a convert to the faith
2:25
largely due to the relationship with my
2:28
dad and just the man that he was and how
2:30
he was raised
2:31
so we grew up going to mass and catholic
2:34
school
2:35
we were instilled with biblical
2:37
principles
2:38
but we also were a big sports family
2:41
i grew up playing basketball and soccer
2:43
and
2:44
really focused on basketball a lot more
2:46
and
2:48
it was really basketball that kind of
2:49
led me to
2:51
an opportunity to go play
2:53
um at the coast guard academy
2:56
and which was where i completed my
2:59
undergraduate studies
3:01
and it was also during my time at the
3:03
ghost card academy where i met my now
3:05
wife
3:06
you know during our senior year of
3:08
college
3:09
while i was at the academy
3:10
and
3:12
you know we did a
3:14
long distance relationship because she
3:15
was at st leo while we both finished up
3:19
our undergrad
3:21
and after graduating we got engaged and
3:24
a year later we got married
3:28
and we started building our lives
3:29
together
3:30
and now we have two boys under the age
3:32
of two
3:34
also when you graduate from the coast
3:36
guard academy i
3:38
also to note when one graduates from the
3:40
coast guard academy you commission
3:42
as a coast guard officer and assume five
3:45
years of service
3:47
and you often serve in various
3:49
capacities and missions whether it's
3:52
search and rescue law enforcement drug
3:54
interdiction and many more mission sets
3:57
so right now i'm at the tail end of my
3:59
initial five-year commitment but
4:01
transitioning into
4:03
a different career path within the coast
4:05
guard
4:05
which is known as the cyber space
4:08
c5i
4:09
it side of the coast guard so i'm
4:11
excited to kind of get started with that
4:15
so my wife and i are just kind of amazed
4:17
that you know what the lord is doing in
4:19
our lives and
4:20
we're excited to see what else he's got
4:22
in store for us
4:24
and in regards to the real estate
4:25
investing journey in the creation of
4:27
saint joseph's capital and this podcast
4:30
i really just like to go back to
4:33
the first time i was really drawn
4:35
to the world of investing and
4:36
specifically real estate
4:39
and so it was really during that season
4:42
of my life when i was focusing on
4:43
personal growth as a man
4:45
uh personally professionally and
4:47
spiritually
4:50
and so just taking it back to my time at
4:51
the coast guard academy
4:54
you know i had mentioned that i was
4:56
blessed
4:57
with growing up in a catholic family but
4:59
it really wasn't until my days there at
5:02
the academy when i encountered christ on
5:04
a deeper more personal level the coast
5:05
guard academy campus ministry has a
5:07
relationship with focus which is an
5:10
organization
5:12
uh known as the fellowship of catholic
5:14
university students focus has campus
5:16
missionaries who were assigned to the
5:18
coastal academy
5:19
and there was one missionary that really
5:21
invested a lot of time and effort and to
5:24
be our friendship
5:26
and through that friendship he invited
5:27
me into a week weekly bible study
5:30
which is really where my relationship
5:31
with christ developed and grew
5:34
and so that bible study led
5:37
led me to great friendships to mission
5:39
trips to nicaragua into ecuador
5:42
a pilgrimage to rome and seeing
5:45
firsthand the roots
5:46
of our catholic faith
5:49
and more importantly you know created a
5:51
time of formation for me as a man
5:53
in preparation to step into
5:56
my vocations and role as as a as a
5:59
husband as a father and
6:01
most importantly as a child of god
6:06
however during this formation i was a
6:07
little hesitant about diving too deeply
6:11
into finances and investing
6:13
um
6:14
[Music]
6:15
you know just because i was so focused
6:17
on on
6:19
my my relationship with god and my wife
6:21
and
6:22
and so on but
6:23
you know i had come across this parable
6:25
from the bible
6:26
that really stayed on my heart for a
6:28
while and
6:29
that parable is known as the parable of
6:31
talents which is in the gospel of
6:33
matthew and so this parable or story or
6:36
lesson that jesus gives us is
6:38
about a master
6:40
who lends or entrusts three servants
6:43
to steward a different number of talents
6:45
which in that time of history a talent
6:48
was referring to the currency
6:51
or the financial resource of the day
6:54
and so one servant was given five
6:56
another two and another one
6:58
and the lesson is that
7:01
um you know it's prudent to produce more
7:03
with what you're entrusted with because
7:05
the one that was given five when got
7:07
five more the one that was given two
7:09
when it produced two more and the one
7:10
that was given one
7:12
you know buried that one into the ground
7:14
and didn't produce anything and he was
7:16
admonished for it
7:19
and so i you know took me some time to
7:21
really
7:22
unpack this parable and what that meant
7:24
for my life especially financially
7:27
um
7:28
and so i began to have this financial
7:31
mindset shift
7:34
and uh
7:36
you know fast forward a moment
7:38
i was approached by this
7:40
missionary from the same organization
7:42
focus who
7:43
asked me to join his mission team
7:45
uh to contribute to his mission
7:47
financially and to
7:49
you know so that he could focus on the
7:50
mission there on campus and to share
7:52
christ with students
7:55
and my wife had helped a couple other
7:57
missionaries at the time but we were
7:58
kind of strapped
8:00
and but i knew i wanted to help more
8:02
um
8:04
but uh i was really frustrated because
8:06
times were a little bit tighter
8:08
you know we had our first son
8:10
and my wife was working as a full-time
8:14
stay-at-home mom and so
8:15
i was the sole income provider you know
8:17
for our family
8:19
um
8:21
but i had grown up
8:22
you know really financially illiterate
8:25
and
8:26
you know the little bit of finances i
8:27
understood was that
8:29
you know when i retired from the
8:30
military i'd be able to receive a
8:31
pension and i had a tsp that money was
8:34
going into
8:35
that you know i wouldn't be able to take
8:37
out until i was you know in my late 50s
8:40
but uh that's when i really started to
8:42
to take action
8:44
and reach out and get educated because i
8:45
wanted to be able to better steward
8:48
and to to respond to this invitation to
8:51
to serve on another level with my time
8:53
with my talent and my treasure and it
8:55
really was that parable that unleashed
8:56
you know that desire to do that enter
8:58
real estate right it's like
9:00
i had known that real estate was
9:03
a great investment
9:05
um
9:06
but i faced this nearly impossible
9:08
hurdle to overcome and
9:10
we had bought a condo in hawaii during a
9:13
time where there was a downturn
9:14
in the submarket of east waikiki you
9:17
know while the rest of the island saw an
9:19
explosion
9:20
um
9:22
you know in the market in the housing
9:23
market
9:24
um
9:25
you know people were submitting offers
9:28
much higher than
9:30
the listing price while
9:32
the market that we were in um
9:35
you know it was just was a little bit
9:37
more run down the buildings were older
9:39
the hoa was higher
9:41
um
9:42
and at the time we it was just my wife
9:43
and i looking for
9:45
a place i was close to the beach close
9:47
to work
9:48
um
9:49
and my sole knowledge at the time was
9:51
that real estate intends to be a good
9:52
investment
9:54
and i had figured that buying in hawaii
9:56
the property would appreciate
9:58
but the numbers were painfully upside
10:01
down
10:02
and it didn't make sense for me to hold
10:04
on to it or to sell it so
10:07
you know after receiving a lot of a lot
10:09
of counsel and getting connected with
10:12
active duty passive income to kind of
10:14
figure out my situation
10:15
we decided to move forward with a
10:17
strategic short sale
10:19
uh to cut our losses and and and to move
10:22
on
10:23
um
10:24
and that was a painful decision to make
10:25
because i knew that my credit would be
10:27
pretty damaged and it'd be hard to
10:29
receive financing from banks to be able
10:31
to to go out and and to get mortgages on
10:33
investment properties
10:37
but also knew that
10:38
credit can be repaired and built back up
10:41
um and the monthly loss of
10:43
the difference of rent and mortgage of
10:45
fifteen hundred dollars was going to be
10:47
just a hit that i couldn't take you know
10:49
for for the pay rate that i was at and
10:52
the
10:53
expenses that were you know necessary to
10:56
move my family forward
10:58
and so i also knew that
11:01
um you know in multifamily you don't
11:03
necessarily have to have good credit um
11:06
you know to
11:07
to join a vacation team as an active
11:10
general partner
11:13
and so
11:14
you know i got involved with adpi and
11:16
they helped me through that process
11:19
um but i also
11:21
you know really started diving into
11:23
multi-family real estate
11:25
you know i joined the adpi
11:27
multi-family mastermind and academy and
11:29
began networking and building
11:31
relationships and learning about
11:33
commercial real estate
11:36
and you know while this was happening i
11:38
really started to see the urgency
11:40
to respond to this call to really use
11:42
our god-given time talented treasure
11:45
to produce and bear fruit
11:46
and to really leverage our financial
11:48
resources for his will
11:52
you know i really start to see that god
11:54
wanted us to grow closer to him in his
11:55
divine nature of creativity and
11:57
stewardship and to really be intentional
11:59
with our financial resources
12:02
and so i just
12:05
as i was learning about commercial
12:06
multi-family i was fascinated with the
12:08
profit centers of real estate
12:11
um
12:12
properties that cash flow
12:13
where your income is greater than your
12:15
expenses
12:16
properties that
12:18
are building equity
12:20
in paying their
12:21
debt down
12:23
um you know through mortgage payments
12:25
being made
12:26
uh properties that are inflation hedging
12:29
meaning that
12:30
inflation
12:31
uh you know being at historic levels
12:33
especially in 2022
12:35
the value of the dollar is only going
12:37
down
12:39
the tax advantages from depreciation the
12:42
cost segregation studies
12:44
and government incentives to
12:46
for
12:47
people to buy real estate
12:49
as well as
12:51
the profit center of appreciation right
12:53
so
12:54
value's historically going up
12:57
as well as the leverage
12:59
and leverage is so powerful because
13:01
with
13:02
united states real estate you can
13:04
you know typical
13:06
ratios for loan to values are
13:09
you know
13:09
seven to eighty percent so you're really
13:11
buying something for a quarter or a
13:13
third of the value
13:16
and so continuing down the multi-family
13:18
journey
13:19
i became a limited partner or a passive
13:21
investor on a 72 unit apartment complex
13:24
meaning that i invested passively into
13:28
this property and began to see
13:31
the power behind owning real estate
13:34
owning commercial real estate
13:36
and the potential good also
13:38
that owning investing moves they could
13:40
have
13:43
and i also started to see the additional
13:44
advantages
13:46
of commercial real estate like multiple
13:48
excuse me like multi-family properties
13:49
has
13:50
like working with economies of scale
13:52
when you have 100 units there's one two
13:54
or three
13:55
units
13:56
the additional leverage through tools
13:57
like syndication which is when you bring
13:59
investors together investor capital
14:01
together to create partnerships
14:03
that allow you to buy bigger pieces of
14:05
real estate together as a team
14:08
also leveraging others experiences right
14:13
also the ability to force appreciation
14:15
and this is probably my favorite one
14:16
because
14:17
you know values for commercial
14:19
properties are based on performance
14:22
meaning that
14:24
if the income
14:26
is higher
14:27
it's going to be worth more
14:29
regardless right of whether the property
14:31
next door
14:32
is valued less
14:36
and so
14:37
i had a really good experience as a
14:38
limited partner investing passively and
14:40
just kind of sitting back watching that
14:42
mail money come in
14:43
and getting the
14:45
the
14:45
k1 at the end of the year which allowed
14:47
me to take advantage of depreciation and
14:50
the cost like study to you know protect
14:52
my my income and
14:54
um and have to worry about fixing
14:56
toilets not have to worry about managing
14:58
tenants
14:59
um and i was still able to see better
15:01
returns
15:02
than i might might be seeing elsewhere
15:05
so i started to think like what if we
15:07
could leverage this tool to 10x or even
15:08
100x number of people
15:11
we help not only put their money to work
15:13
but also create a new stream of passive
15:14
income
15:15
so that they can have the time freedom
15:17
and financial freedom to serve their
15:18
families at a high level
15:20
of greater stewardship
15:24
yeah what if we could leverage this tool
15:26
to 10x or 100x the impact for the sake
15:28
of the gospel and help in the effort to
15:30
bring souls in relation relationship
15:32
with christ because we have financial
15:34
means
15:36
to make that happen i love syndication
15:39
and that's why we are focused you know
15:41
on
15:42
in our business st joseph's capital
15:45
our commercial multi-family real estate
15:46
syndication business
15:48
uh
15:49
on leveraging our network of experienced
15:52
commercial real estate operators in
15:54
their niche markets
15:55
that only share these kinds of passive
15:57
investment opportunities with
15:58
but also our network of
16:01
hardworking americans to create new
16:02
income streams
16:04
for their families
16:07
we also are leveraging
16:09
50 of our profits to financially assist
16:11
and support missionaries
16:13
committed to sharing the hope and joy of
16:15
the gospel
16:16
with high school and college students
16:18
on campuses around the world
16:20
we are serving missionaries from focus
16:23
which i mentioned earlier which is the
16:25
fellowship of catholic university
16:26
students
16:28
which is our college outreach partner
16:30
vagabond missions which is our high
16:32
school
16:32
outreach partner
16:35
so that these missionaries can go focus
16:37
on the mission
16:39
and through this we are also helping our
16:41
investors see that they can create
16:42
positive impacts for god's kingdom
16:45
and that their hard earned investment
16:47
dollars can be at work while
16:48
simultaneously
16:50
be directed at serving the advancement
16:51
of the gospel
16:53
we can also now serve others by sharing
16:56
the education that we receive and
16:58
developing our educational resources
17:00
to help our investors continue to learn
17:02
and develop their own financial literacy
17:06
that is the why
17:07
and that is why we're
17:09
helping people
17:10
uh
17:12
invest
17:13
that is why we want to do this podcast
17:15
and share what we're working on
17:17
that is why we're
17:19
doing interviews with other investors
17:22
and operators to learn
17:24
what it is that is making their
17:25
businesses profitable
17:28
as well as learning how they're creating
17:30
that impact and learning what habits and
17:32
disciplines are
17:34
helping them to
17:35
perform at a high level
17:37
and to be generous at a high level i'm
17:39
thankful for this opportunity i said
17:40
before us i'm excited to be on this
17:42
adventure
17:43
with christ
17:44
i'm excited to bring my wife and my kids
17:47
along for the journey
17:50
and i'm excited to
17:52
share our story with listeners and
17:55
and i hope that
17:56
you know something i say resonates with
17:57
someone and
17:59
create some connection
18:02
but
18:03
yeah if you want to learn more about
18:05
the profit centers of real estate
18:07
um
18:08
or
18:09
more about syndication you know feel
18:11
free to check out
18:13
uh our book and our free course on our
18:15
website at st joseph's capital.com
18:19
so this is my why
18:22
thank you for listening this is another
18:24
episode of the saint joseph's capital
18:27
podcast thank you for listening to the
18:29
saint joseph's capital show brought to
18:32
you by st joseph's capital
18:34
st joseph's capital works with investors
18:37
nationwide investing in real estate
18:39
while also donating 50 of profits to
18:43
assist missionaries who are committed to
18:45
sharing the hope and joy of the gospel
18:48
with high school and university students
18:50
around the world
18:52
st joseph's capital creating impact one
18:54
investor one missionary and one student
18:57
at a time
18:59
connect with us online at sync
19:00
josephscapital.com
19:02
to receive free access to our new
19:04
seven-day course an introduction to
19:07
passive real estate investing
19:09
which includes our new book 13
19:11
advantages of real estate syndications
19:13
which you can also receive
19:15
access for free this information
19:17
provided on this podcast is intended to
19:19
be educational and informational only it
19:21
is not considered to be formal legal
19:23
advice the listener should not take
19:25
refrain from taking action based on its
19:27
content
19:28
any listener is need of legal opinion
19:31
upon which to rely on decision making
19:32
should consider formally engaging an
19:34
attorney to review relative facts in
19:36
detail and examine the pertinent law
19:38
that applies to these facts
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