I think that the risk is exponential when you start managing other peoples money. Michael is a urologist, while his mom, Isabella, is an anesthesiologist. It certainly will turn around at some point, and I believe that you buy good real estate, you add value to it, you appropriately capitalize it and youll have some dry powder on the side. Rod Khleif: Thats the key Michael, youve added tremendous value today. She received her BBA degree in Finance and Management from Florida International University. Join Origin Principal Michael Episcope and Dr. James M. Dahle, M.D., editor, author, and owner of White Coat Investor, on May 20th at. In that role, he was responsible for budgeting, scheduling, and executing the construction of custom-built single-family homes in Chicagos suburbs. And once youve made a commitment to the fund, what happens then is that as we buy assets, we call capital. Michael Episcope: Yeah, especially in assets because were more of a buy-fix-sell strategy where were buying underperforming assets and if we lose a tenant or we have to backfill a tenant, we need to do that. Katina is a Senior Associate on the Investor Relations team. He has been a Vistage member for more than six years and lives in Chicago with his wife and three children. Michael Episcope: Were in Chicago, Denver, Dallas, Austin, Houston, and then Charlotte, Raleigh, and Atlanta. His name is Michael Episcope, and Michael is the co-CEO of Origin Investments. She was responsible for planning, creating and distributing content, including email marketing, writing articles for the EveryDose blog, and managing the company's social media presence. As of 2023, Michael Michele's net worth is $100,000 - $1M. Bills experience includes a variety of product types, such as high-density wood frame and high-rise concrete products in markets throughout the country, such as Boston, Southern California, South Florida, the Mid-Atlantic, and the Midwest. What were the decisions? Within her 5+ years of real estate paralegal experience, she assisted in maintaining communication with all parties involved within the transaction, contract negotiations, draft closing documents, clear title, prepare leases, complete any municipality and obtain necessary permits. She lives in the Lincoln Square neighborhood of Chicago and enjoys travel, container gardening and all kinds of art. It has a ton. Ep #183 Grant Cardone Controls Over 4,000 Apartments Worth Over a Half a Billion Dollars. Rod Khleif: Just let me stop you for a second. The importance of risk management Rod Khleif: Lets talk a little bit more about fee structure because I just wanna make sure So you dont charge an acquisition fee, you charge a capital What did you describe that as? Theres nuances behind here but what it comes down to is this notion of alignment. It peaked at #3 on The New York Times Best Seller list. Michael Episcope: Well, thank you for having me on the show. Michael Episcope: Yeah. Thank you for listening to the Lifetime Cash Flow Through Real Estate Investing Podcast. All of a sudden, I came across this website where it was a hard money lender where this sponsors name was involved, and what he had done is took our property which was fine, wasnt underwater, it had plenty of equity, and he pledged it for a loan for another property. A life-long Chicagoan, Geoff enjoys music, traveling, learning new skills, and spending time with his wife and son. . Prior to Origin Investments, he completed the Risk Management Leadership Program at GE Capital. Michael received a Bachelor of Arts degree from Depaul University. +1-941-225-8477. Geoff joined Origin in the spring of 2021 after spending two years at Centro, an advertising technology firm headquartered in Chicago. He is an active member of the Real Estate Investment Association as well as the Urban Land Institute. Dan graduated in 2019 from North Central College in Naperville with a Bachelor of the Arts with a major in Finance. Preston recently joined our acquisitions team as an Analyst. It was in 2007 that my partner and I got together, and we decided, and kinda came to the same conclusion that we can do this better with our own capital. And also by vintage as well, which is important because we will be investing over a period of two to three year and building that portfolio. And thats really where I built my wealth. Youre doing things that Youre certainly separating all the utilities, which can be a real asset to your bottom line if everythings separately metered. Michael Episcope is also a principal and co-founder of Origin Investments. But fast forward, to today, it was 76% occupied at the time of acquisition, were 96% today. Tommy is an Associate on the Investor Relations team whose responsibilities include serving the needs of our individual investment partners both before and after the investment process. Twenty per. Those of you that are doing your own syndications, do not short-circuit that process. Why to over communicate Michael brings 25 years of investment and risk management experience to the company and believes that calculated risk-taking in inefficient markets is the key to building wealth. Earlier in his career, he worked the Associate General Counsel and Assistant Secretary at APAC Customer Services. When I transitioned out of commodities trading in 05, I went back and I went and got a Masters in real estate at DePaul University as well. 228 Michael Episcope, Principal & Co-Founder, Origin Investments This is actually my second career. Michelle is a gamer and enjoys spending her free time playing online video games. Billionaire number 1,567. She currently resides in Evansville, Indiana USA. You shouldnt be comparing returns. What is the proper debt to equity structure? In 2007, Michael Episcope co-founded Origin Investments, a top-decile fund manager that helps high-net-worth investors, family offices and registered investment advisors grow and preserve wealth by providing best-in-class real estate solutions. I started hearing things through my friend, and some of the projects that he was involved. In his free time, he enjoys spending time at the lakefront, trying new foods, and traveling. Collin grew up in Lake Forest, IL which is a northern suburb of Chicago; he joins our Investment Management team as an Analyst. Michael Episcope: I used to spend my summers with him, and I really. With Michael's leadership, Origin has more than $1.3 billion in equity under management . Michael Jordan is a retired American basketball player, team owner, product endorser and entrepreneur. He also worked at MSNBC and NBC News. Then in April 2016, she joined the Origin family. North Hills, CA. Other names that Edsel uses includes Edsel M Episcope, Edsel Michael Episcope and Edsel A Episcope. Michael Michele (born August 30, 1966) is famous for being movie actress. I can give you a couple of examples if you want. ARTOGRAPH - Episcope Prism - projecteur de table 500W grossissement jusqu' 20 fois : 530,00 294,95 Voir l'offre: 2: Artograph 225-460 Projecteur et Agrandisseur d'art Opaque - Tracer : 150,00 127,00 Voir l'offre: 3: Artograph Prism 3D Projecteur Episcope Professionnel : 464,00 413,48 Kirk Franklin - $8.5 million Recording artist Kirk Franklin attends the BET Inauguration Ball in Washington, DC. Michael brings 25 years of investment and risk management experience to the company and believes that calculat. Founded in 2007 by David Scherer and Michael Episcope, Origin is a leading manager. In order to finance his lifestyle, at one point Michael took a $380 million loan from Bank of. Chris received his undergraduate degree in Accounting & Finance from Saint John's University (MN) and a masters degree in Real Estate from DePaul University. They then brought on friends and family and then continued to grow its investor base. And he actually did. Prior to joining Origin Investments, Justin was a Client Service Administrator for Strategic Wealth Partners, a private wealth advisory servicing high-net-worth individuals located in Deerfield, IL. She is also a professor at Johns Hopkins University School of Education. But I can't accept not trying." - Michael Jordan . Talk to you soon. What did you do to get out there and meet people, and get them excited about what you were doing? The 3 most important rules of real estate Youve done several funds. ", - David Scherer, Co-CEO of Origin Investments. During the unpredictable Chicago winters, she tries to stay active and has found skiing and skating in the park to be her favorite wintertime activities. He and his partner started the company to invest their own capital into real estate. Of course, the timing was terrible, you couldnt have timed it that worse than 06 but you didnt look at the operator close enough, so thats a lesson. Dr. Dahle's conversation with Origin Investments about what all high-income earners need to consider when investing to grow their net worth.The White Coat In. Rod Khleif: Let me ask you this, maybe its just because of the way the fund is structured but if its a quality asset like that, and youve raised the value obviously significantly, you could probably refinance and cash out Well, I get it. Now let me ask you this, what are your thoughts on the looming contraction? I went to DePaul University as an undergrad. If you can build value and continue to build cash flow in the asset, we leverage two to one to equity. He remains active in the community and alumni Programs for both MSU and the Evans Scholarship House. At Origin, she is responsible for running our office smoothly and daily administrative duties that include managing calendar appointments, completing expense reports and arranging travel plans, itineraries and agendas. Prior to joining Origin, Priya was the controller of a privately financed real estate development company where she managed a team of accountants, and was responsible for building and managing accounting systems, internal controls and overseeing the financial reporting and operations of the firm. He has more than 30 years of investment and risk management experience and has been an integral contributor to Origins innovative practices and investment success. Rod Khleif: Its a fantastic book about an effective decision making process. Prior to joining Origin, Suyen spent 8 years at BlackRock as a Vice President on the Portfolio Management team covering Residential Credit. Stephanie's Voice career has been on and off, but fans think of her as a regular due to her . Since its start in 2007, the firm has executed $1 billion in real estate transactions and has more. Very interesting. Her net worth is an estimated $500,000, according to ScreenRant. I saw the impact that a good real estate Proper real estate investing could make. Welcome to the show, buddy. In her free time, she enjoys spending time with her nieces and nephews, working out, trying new restaurants, and taking Latin Ballroom lessons. Currently, he is pursuing a Masters in Real Estate from DePaul's Kellstadt Graduate School of Business, and will be graduating in the Fall of 2022. He Graduated DePaul University with a Bachelors of Science in Accountancy. That can really eat-away the returns. Grant Cardone Controls Over 4,000 Apartments Worth Over a Half a Billion Dollars. Marc has 27 years of experience in asset management, acquisition, disposition, underwriting and valuation, leasing, debt structuring, risk management and due diligence for both public and private real estate investments. Christopher enjoys playing basketball, board games and video games. Rod Khleif: But you realize the long-term value of blowing these investors minds with these incredible returns. Chris lives in the 12South neighborhood of Nashville and is involved with citys Young Leaders Council. Prior to joining Origin, Preston began his post-graduate career as an Analyst with Rialto Capital. Cardones average ROI has exceeded 200% on 22, Chris Voss Author of Never Split The Difference Former FBI Hostage Negotiator. Parking revenue was a big one there Just fixing everything that weve identified from day one. The additional shot of funds from these investors helped complete deals that otherwise may not have happened, Landes added. The more weve refined our strategy over the years, and actually narrow the focus, the more prolific and just more efficient weve become at finding deals. How to build good will for future deals, Book Recommendation: Principles by Ray Dalio, To learn more about our guest, click here, Join us at a Multifamily Bootcamp, visit MultifamilyBootcamp.com, Ep #225 Michael Episcope 1 Billion in Real Estate Transactions. Prior to joining Origin, Vince worked at Duff & Phelps where he conducted business enterprise and intellectual property valuations for use in the corporate acquisition process. This is anywhere from 20 to 25%. He did everything that youre talking about. Michael Episcope: You know where the value [overlap talk]. We need to know that theres robust job market growth in there. Rod Khleif: Its the most important parameters. With his co-founder David Scherer, he created Origin to provide the same caliber of service, terms, and results that were exclusive to only large . Kate's true passion (outside of work) is investing and advising early-stage startups. Michael Episcope: No, but I have it on my desk, my partner [overlap talk]. Aaron is responsible for driving performance in the companys multifamily portfolio. Jonathans responsibilities include expanding the firms investor base and serving the needs of our Registered Investment Advisor and high-net individual investors. Access Your Free Copy Of The MF Property Checklist Now And Gain The Guidelines To Securing Your, MMXXII K L Promotions, LLC All Rights Reserved. Geoff holds a Bachelors degree with a double major in Sociology and English from College of the Holy Cross and a Masters degree in Strategic Marketing and Communications from DePaul University. Jennifer serves as Office Manager and Executive Assistant to the Co-CEOs Michael and David. Well have that for probably another four years. In her role, Tijana is responsible for analyzing asset performance, evaluating competitive market conditions, and collaborating with the acquisitions team on the underwriting and due diligence efforts during for the new multifamily investment opportunities. Guys, if you wanna reach out to Michael, hes at OriginInvestments.com. As of 2021, Michael B. Jordan's net worth is estimated to be around $25 million. Born and raised in Chicago, Ken enjoys traveling, cooking, and cheering on the Cubs, Bears, and Indiana Hoosiers. He currently resides in the Lincoln Park neighborhood of Chicago and in his spare time enjoys golfing, skiing, and spending time at the lake in the summer. You have to over communicate to give your investors comfort. Earlier in his career, Marc directed various acquisition and asset management roles at Equity Office Properties Trust, previously the nation's largest publicly traded office building owner and REIT. Adolfo Bermeo. Michael Episcope: Well, in our vehicle, what we do is we have a one time upfront fee that basically covers our technology, our funds syndication costs, our marketing, everything. Maria lives in the Bridgeport neighborhood of Chicago and enjoys travel, reading and hot yoga. She graduated from Marquette University with a Bachelor of Business Administration in Real Estate and Finance and was a member of the Marquette Women's Soccer Team. Michael Episcope is a Principal at Origin Investments based in Chicago, Illinois. Rod Khleif: Welcome to another edition of How to Build Lifetime Cash Flow Through Real Estate Investing. Find Michael Episcope's email address, contact information, LinkedIn, Twitter, other social media and more. - Michael Episcope "Our mission from day one was to help high net-worth investors, grow their wealth, generate tax-efficient passive income, and just bringing that institutional product to people like us, people who deserved a better way to invest." Michael Episcope: I was just like, Oh my god, now thats just borderline fraud. He made sure the tennis courts were great. Because sounds to me like that might be an asset that youd wanna keep, if it werent in that scenario. Kevin was a member of the development & acquisitions teams focused on large multifamily driven mixed-use developments in the Washington, DC area. 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