GI196: From Mechanical Engineering to Apartment Investing with Philippe Schulligen

Philippe Schulligen is an active investor in 2,400 units, a $180 million portfolio and raised $29 million from investors. Prior to being a full-time real estate investor; he worked a corporate job in the business jets aircraft industry for over 20 years. He holds a Master’s Degree in Mechanical Engineering.

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Announcer:
Welcome to the Global Investor Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host Charles Carillo combines decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now, here’s your host, Charles Carillo.

Charles:
Do you have money sitting in the stock market? And you’re worried about it or worse. You have money sitting at the bank, not keeping up with inflation. My name is Charles Carillo, founder and managing partner of Harborside Partners. And since 2006, I’ve been investing my money and my family’s money into income producing properties. These are real assets, real properties with real addresses that produce real cash flow. At Harborside Partners, we provide passive investors who love real estate with a turnkey investing solution. If you want to put your money to work in real estate, but can’t find deals, don’t have the time to get funding in. The last thing that productive people want to do is manage real estate. We find the deals. We fund the deals and we manage the tenants, the termites and the properties. Partner with us at investwithharborside.com. That’s investwithharborside.com. Go to investwithharborside.com. If you love real estate, you like the idea of passive income and believe that income producing properties will appreciate over time. Go to investwithharborside.com. That’s investwithharborside.com.

New Speaker:
Welcome to another episode of the Global Investors Podcast; I’m your host Charles Carillo. Today we have Philippe Schulligen. He is an active investor in 2,400 units, a $180 million portfolio and raised $29 million from investors. Prior to being a full-time real estate investor; he worked a corporate job in the business jets aircraft industry for over 20 years. He holds a Master’s Degree in Mechanical Engineering. So thank you so much for being on the show, Philippe.

Philippe:
You’re welcome, Charles. Thank you for having me.

Charles:
Yeah, it’s awesome to connect. I know Philippe through one of my mastermind groups, and it’d be great to, if you could give us a little background both personally and professionally on yourself prior to getting involved in real estate investing.

Philippe:
Yeah, sure. You know, you, you, you kind of gave the highlights of my bio there, but you know, like, to, to give a little bit color to to, to that, I came to the US in, in my late twenties. I was born and raised in France and you know, I was fortunate enough to be sent by my W two company I was working for at the time to the United States to for initially a short period of time that, you know, ended up being, you know, the, the last 20 years of my life. And so, so, so yeah, that’s, that’s how I came to the us. My, I I currently live in Atlanta, Georgia with my wife and our two daughters. And I’ve been doing real estate full-time for about two years now. Okay. And started about five years ago.

Charles:
So when you initially made the decision to get into real estate, what were you looking for? I mean, why did you choose real estate as the investment vehicle when there’s so many others out there?

Philippe:
Yeah, you know, I, I did pick estate because actually unlike some more recent period of time, like the, the, the stock market, if you look in the, from the two thousands to late or let’s say mid, mid 2010s, it was kind of up and down, you know, as you know, with, you know, different the, the, the.com crisis, the, the real estate bubble market in 2008 and nine. So, you know, it, it was like a rollercoaster for a while. And, and that’s what I, you know, I was, I spent a lot of time investing in this market without a, a lot of success. And, you know, I, I was, well, trying like shorter term trades, so basically more or less time in the market, which is a terrible idea, <laugh> in retrospect. But you, you know, so I decided, you know, let me, let me try something else.

Philippe:
And I wasn’t really familiar with, with real estate at that point. You know, no you know, my, my family barely, I think maybe they had like one rental property or something, but it wasn’t like working very well. But, you know, I wanted to try some, something for, for myself. And you know, I I, I took two bigger pockets to, to initiate medication back then. And I, I ended up deciding on, you know, going into turnkey single family rentals because, you know, it, it, it fit, you know, a little bit my, my busy professional life as well as you know, I would say my lack of knowledge, you know, to the renovations and, and so on. So, you know, I, I thought, I thought it was, it would be a good fit, but, you know, I realized quickly that, you know, like the growth, you know, go investing that way, it would, it would be very slow to build Yeah. To build equity and, and, and so on. You know, especially I was taking, you know, a purchase a couple of turnkey properties in, in the more stable market. So there, there was not a lot of appreciation necessarily mm-hmm. <Affirmative>. So yeah. So that’s why a, at that point I started to look at, at multifamily.

Charles:
Interesting. So one thing before we can transition forward is with your turnkey, what was the reasoning that you chose turnkey investing versus passive investing? Or did you know about passive investing when you started like passive investing and syndications?

Philippe:
I didn’t, I didn’t know that’s the thing. Okay. I didn’t know back then. Okay. I didn’t know. And it’s part of, you know, that, that learning and, and, and getting familiar with, you know, real estate, and I think, I think it’s, I mean, you, you, you know, when you build your knowledge, you, it has to come through layers. Mm-Hmm. <affirmative>, right? And I think, so the first layer, which, you know, I think most of, you know, people would, would think about like yeah. You know, you’re buying your house and you are rent renting it out. Right. You know, there are some nuances with that. You can do house hacking, you can do you know, if you buy like a, a duplex or, you know, triplex, fourplex. But you know, I guess now there’s also the Airbnbs you could do that type of thing.

Philippe:
Yeah. But yeah, from a scaling standpoint, you know, it’s, it’s really, it’s really tough and you know, and it’s by getting familiar with all the things and, and listening to podcasts about real estate that, you know, sometimes you would have like a, a multi-family syndicator talking about what he’s doing. And I found that very interesting. And you know, progressively, you know, it, it appeared to me that it was probably like a, a a a better way to, to grow, you know, my, my wealth you know, for, for, for our family go, you know, going, going that path of, of multifamily and, and especially like, you know, the, the, the lower averages, you know, the more units you have, the less expensive it is to, to manage and, and, you know, the cost of materials and whatnot is, is going to be lower.

Philippe:
And you know, also the risk that you have, you know, because like with my two, two tonkey single families, you know, like occupancy zero or one, so, you know, sometimes I’m at a hundred percent, sometimes occupancy, sometimes it’s 50%, sometimes it’s 0%. And at the beginning of Covid, I was from an economical standpoint, you know how like bo both my, my tenants didn’t pay rent. So I’m like, okay, well, you know, I now I’m like economically I’m at 0% occupancy. So, so which, and again, you know, like I cannot say on our multifamily didn’t, it didn’t happen, but it did, it, it happened in the less, you know, much lower rate compared to the overall capacity of, of the apartment complexes that, that we had at the time.

Charles:
So you pivoted to to multi-family, and what was your multi-family strategy going in? Were you going to, or did you start finding deals or operating the deals and raising money? Cuz usually it’s a, there’s, you know, you’re gonna be partnering people, there’s many different partners that are working at one goal of acquiring this property and fulfilling this business plan.

Philippe:
Yeah. And, and actually, you know, like, si since you mentioned like people who are beginning in, in the area, you know, be, before we started the, the call, you know, I think to, to share, you know, in full transparency how I started, I, you know, I, I just, I said you know, I’m going, I’m going to take a course, right. You know, like an some, some different people were offering courses at the time, and, and, you know, I think it’ll, it’ll grow my, my learning curve, speed up my learning curve by taking a course, you know, with like, rather than reading a book. Right. And, and, you know, actually taking that cross open doors to me to, you know, community within, you know, that, that group and so that, that’s how I learned about a multi-family.

Philippe:
And, and then, you know, I started to look for deals Now, you know, I had a decent idea of, of you know, underwriting and you know, how to select the market and, you know, like all those, the steps. And but I, I didn’t have, like you mentioned, you know I had a good idea on raising, you know, I mean finding deals, but like raising money. I had an idea how to do it, but I didn’t have necessarily the, the right network and, and, and, you know, there wasn’t something being more from a, a technical background, you know, I, I wasn’t, I was never really a, a salesman, so to say. And so I definitely needed help, you know, on, on the raising money side. And certainly, you know, even though I had a, a you know, let’s say on, on paper knowledge about how to do it, I, I’ve never, I had never done it myself at that point.

Philippe:
So, so what happened is, I, I found the deal interestingly enough, if he was, he was on LoopNet mm-hmm. <Affirmative> at, at the time and you know, under road the deal and, you know, seemed to make sense, you know, spoke to a properly manager and, you know, confirmed that, you know, we’re on the right track. And you know, then I went, you know, I went to, to look for some, some partners to kind of, let’s say, supervise me, like doing all these steps, like, because I had not done them before. And, and also, you know, help, help raising money and, and, you know, if not all the money. And that’s, that’s what was able to do. You know, again, like by, by joining that, that cross that network, you know, I had access to people who could help on, on these in these areas.

Charles:
Yeah. It’s much more different than during doing a turnkey where you’re kind of by yourself and yeah, you have a manager cause that’s who you’re usually buying it from. But with the multi-family, there is, the network is required to kind of do deals and to, you know, all the different parts of the deal and to successfully close and really make money with it.

Philippe:
Right, right. And, and, you know yeah, actually, I, I, I’m, I’m also doing mentoring now on, on, you know, multi-family you know, acquisitions, et et cetera. And that’s what I say to my, to my students all the time. You know, it’s, it’s un unless you have very deep pockets mm-hmm. <Affirmative> Right. Or a very large network, you know, that is established and, you know, like kind of ready to, to invest, you know, you, you will have to partner with, with people to take down a deal. But, and, and moreover depending on, on the actual level of experience of, of let’s say the, the, the operator or the sponsor of the deal, if they’re, they’re beginning, they may not have the experience that is re required by the lender mm-hmm. <Affirmative>, so the lender, or they’re going to ask that somebody is, is coming and sign on cosign on the loan, who has experience, you know operating apartments and you know, to, to make them sleep better, I guess <laugh>. So but yeah, like it’s a team. It’s a team of us. Definitely, definitely a team of fraud.

Charles:
So let’s talk about this. I mean, how have you successfully identified, vetted and worked with co-sponsor partners? You mentioned one about being in the network group, but obviously, you know, they don’t vet you going into a lot of a networking mentor groups for your, you know, your background so much, you know? Right. It’s mostly, I mean, so

Philippe:
Yeah, absolutely. So, you know, I think it’s a, it’s a good, it’s a good it’s a good question. Absolutely. And, and, and I think I think there, there are too. But you know, it’s, there, there are two angles to this. So, so, you know, either maybe you want to partner with somebody with like mu much more experienced mm-hmm. <Affirmative>, and in that case, you probably should look at that track record number one. And you’ll see how, you know, like how ma how many deals do they have you know, how many doors, how many apartments pardon properties and, and how many deals that they have sold, you know, like a full turn and you know, did they reach the, the goals that they set know going in? And, and if not, what happened?

Philippe:
And, and, you know you know, it’s, it’s important to, to understand and see, you know, what, what level of, of, of experience they have on, on this. And I would say you know, it’s like if you ra, if you’re going to partner with somebody who, who, who claims, you know, oh, yeah, I can raise such and such, you know, like, five for the thousand or, or, or million dollars. Well, you know, how many times have they done it? Yeah. Right. So, you know, it’s kind of a simple, simple question. And, and I would say, you know, I, I use a lot of kind of leverage my network to ask about, you know, know such and such, yeah.

Charles:
Mm-Hmm.

Philippe:
<Affirmative> and or, you know, if, if you don’t know anybody who know them, then you ask you, you ask for, for reference, you know that, so you can speak to somebody else who worked with them and you know, ma make your yourself an idea of, of who they are and how they work and, you know, are they communicating well mm-hmm. <Affirmative>, et cetera. So that’s the, you know, that’s on the side of, of more experience. And, and if you, you are to start, you know, like co co sponsor or deal with let’s say people who are more, you know, kind of newer like yourself mm-hmm. <Affirmative> would say, you know, it’s like, you know, go, go, go. Like slowly but surely. Right. It’ll take small steps and, you know, try to work together.

Philippe:
Right. And, and, and I think it’s always better to kind of do a, a, a form, a little bit of an alliance, alliance of people to work together. And let’s say, you know, we’re going to look at three different markets, for instance, like three different people come together and whomever find the first deal, you know, we, we agree to share the responsibilities and, and talk about it. Like, how are we going to work together? And, and sp spend the time to define the roles and responsibilities before like to sign, you know, to, to take down a deal, you know? Mm-Hmm. <Affirmative> that, that’s why, because once, once you are sign, you know, you, you are committed and you are co co sponsor, co and cogs general partners on a deal that that’s going to be for your quite a bit of time. Yeah. Right? Yeah.

Charles:
Yeah. Yeah. There’s so many things there to unpack with people that are interested in reviewing different sponsors for, to partner with or to passively invest with. So it can be used many different facets. So Philly, tell us about, like, have you had any deals fall through or fail? And if so what were the underlying mistakes that you made or your teammate?

Philippe:
Yeah, I think, I think our, our our, my, my biggest full through is, is, you know, we, we, we, we lost quite a bit of, of earnest money on a, on a larger deal that we, we try to to, to, to take down. And, and, you know, it didn’t, it didn’t work out because you know, I think we tried to go after like a larger asset a little bit too early in, in my career, I would say. And moreover it was kind of, you know, several, like new features part of that scenario. It was like a new market. You know, again, like the, the, the size, larger size, like I mentioned, it was like 30 plus million. And, and also we wanted to use a, a perfectly partner and, you know, with like our, our, our group at the time you know, and especially like the, the most senior co you know, partner working with us was kind of guiding us, you know, I think like, on, on the concept was interesting.

Philippe:
However, I didn’t do it yet. And, and that’s something we kind of failed to have a good understanding of, of the consequences. And, and we ended up working with a perfectly partner, you know, and, and not really have a, a, a good backup in place. And at, at 11th hour, like, basically like 10 days before closing, they said, oh, we we’re not going to, to pursue this deal with you, and thank you and bye-bye, <laugh>. And, and we’re like shocked. And, you know, like I said, we, we lost yeah, quite a bit of, of honest money, and that was certainly a learning experience. That’s why I’m, I’m, you know, I always recommend my my students to start with, you know, something that they know they have somebody that they can ask questions and will, has done that scenario that, that, that business plan successfully.

Charles:
Yeah. Right. Yeah. So I wanna ask you well, two things. First thing is that every time I’ve been involved with a deal, and there’s the big whale, it always is turns negative, where you have one person that’s, whether it’s one partner that’s bringing all the money, or whether you have one investor bringing all the funds or a large percentage of it, it always becomes an issue. And after the first deal, we did like that many years back, and that happened and we scrambled, but we closed it going forward, I would always have a silent backup going and because usually the, it’s not always that they’ll pull the money out, as I found is that sometimes they wanna renegotiate at the last minute. But it’s just, it’s too risky, especially when you have money in the line.

Philippe:
Yeah. Yeah. And, and you know what, what I’ve learned from, from another experience syndicator you know actually it’s, it’s Brian Burke, you know, you probably know him. Mm-Hmm. <Affirmative>

Charles:
He was on the show. Yep.

Philippe:
Capital, and, and, you know, I was talking to him about, about our, our, our failure and, and he said, I mean, you obviously has 30 years of experience, so there’s probably somebody I should have consulted with at, at the time. But, but he was saying, yeah, you know, you don’t want a, a a a perfectly you know, you don’t want just pre equity. What you need is pref equity partner, meaning that they must commit, have skin in the game, you know, towards closing the deal instead of Yeah. They, you know, they, they kind of you know, kind of promised to, to do this, but they, you know, what at, at, at the last minute, they can still pull out and, and they’re not going to lose money and, and happen, you know, what happened? They just refunded us. We, we, we had some kind of deposit with them, they refunded us, and that’s it. Now what we should have asked is say, look, okay, we’re working with you and you know, we’re going to do the deal together, but you, you put money at risk along us, right? Yeah. Prota of, of, you know what, whatever we bring it to the table. But that, that was the right way to do it.

Charles:
Can, can you explain a little bit what, for listeners, preferred, preferred equity, so this is something that I, we’ve started seeing over the last three or four years with syndicators where there’s not just, Hey, it’s an 80 20 or 70 30 split, 7% pref, right? Which was typically how we did our first deal, and now it’s gotten where it is you’ve gotten, you know, class A, B, C, D, and you’ve got, you know, some are preferred, some are. So can you explain kind of what that is versus being a regular, I guess you would say, limited partner in it and having upside?

Philippe:
Yeah, certainly. So, you know, I think when, when you look at, you know, what you want to take down like a, a large deal and, and let’s take the, the example of a 30 million deal. Like, you know, a very quick rule of thumb, you’re, you’re going to have to bring to the table approximately 10 million. And let’s say your, your capacity for raising money at that point is, is about, let’s say three or four, right? And, and so you, you know, you have <laugh> you, you are going say, well, you know, it’s like, you know, I can partner with somebody else who can bring, you know, the, the rest of the money or, or, you know, there are different ways to structure the, the deal at that point. And, and maybe one, one way that is interesting is to use perfectly, the perfectly, you know, the, it’s kind of if you think about it, it’s, it’s kind of like a, a second mortgage, but, but it, it is not a second mortgage.

Philippe:
Mm-Hmm. <affirmative>. So, so when, when you look at your capital stack, you, you have like the, the senior lender, we will have like, let’s say 60 to maybe 70% of the loan to value or loan to cost, right? Depending you know, if you do you finance your repairs or not, and or if it’s a bridge loan. And, and, and then, you know, usually in the typical sanitation, like you, you mentioned earlier, Charles, the rest would be the equity from, from the investors, right? Mm-Hmm. <affirmative>, but you, you know, that that equity from the investors, you, you can subdivide it in in two trenches if you will. Mm-Hmm. <Affirmative>, one being the pro equity and then being the equity from, from your investors. And perfectly, they’re going to say number one is they want to be second right after the senior lender. So the first that will be paid with from the cash flow will be the senior lender, but then I immediately after that, the perfectly partner, they will want to be paid and and that, you know, that’s going to be like part of the contract, et cetera, right?

Philippe:
Like you said, maybe it’s, it could be like called like a class A or you know, whatever. Yeah. But they’re paid first and after only you, you, you know, you, you are in third position. There, there’s going to be the equity of, of your investors et cetera, and, and that you can do a split and pre if, if you want to. But so, so the, the pro equity partner, so second position is one thing. The other thing is they’re not going to have like super high expectations necessarily. So they could charge like a flat, you know, seven, eight, 9% for a, a, a, a period of time, and then there’s an option to buy them amount. Usually, you know, if you do like a cash out refi and, and so, so if you, if you look at it, so the pros are your, your investors, you know, you are going, you’re going to have, it’s, it’s almost like you have more leverage to some extent, you know, which obviously it’s a double-edged sword, but just, just to, you know, to, to explain simply you are going to boost the returns of the equity.

Philippe:
You know, let’s say, you know, like in in the example I mentioned earlier, you bring $7 million from profit equity and you have like $3 million from, for, for your investors. You are going to boost the returns, the returns will be higher. That, that’s, that’s the pros. The cones are your in third position. So if the, the deal was going, not going well, well, you know, and maybe they’re not going to be paid for a while. You are your, your investors. So it’s an interesting, you know, I, I’ve, I’ve, I’ve heard, you know, some, some people doing that successfully. And interestingly enough, just as, as a quick note there, when all, all deal failed, we had there, there was another group that, you know, we, we worked with, you know, or in Paris and so on, a little bit more established, they exactly had the same thing happen to them with an equity partner, and it failed at the last minute and the lost like major e m D. So, you know, I guess we’re at the time kind of early, early stage, you know, kind of pioneers at the time, <laugh>. But like you said, you know, now it’s, it’s, it’s more, it’s more common. But you know, again, you, it’s something you have to be careful about and structure it well and make sure that, you know, they’re, they’re committed to the success of, of, of the deal.

Charles:
Yeah. It’s funny, I had partners in, and they had a deal and 60% of the raise was done by, they brought in a family office, let’s say raised, let’s say the equity need to close, and it was brought in by family office, and it was the first time they had done a deal with family office, and it was fine. There was no issues. Deals still going on now. But the thing though is that during, to get withdrawals and distributions out to the limited partners in the deal, and initially there was a lot of hoops to jump through, and then also there’s like three people to sign off on K one s, and it was a lot more in depth because you had the family office with their people signing off. So you’d have the operators, and then you’d have the family office signing off, and there’s like, you know, then they have, that was like three parts. So there’s a, there’s a lot of different people going on. Yeah. But you’re able to do bigger deals. And then also like you said, larger returns for the investors that have some of the up upside in that.

Philippe:
Yeah. And so, yeah, that’s interesting. But what you mentioned here, and I think it, it would be kind of a, a nuance to what I, I had experienced because so understand from what you, you said is like the family office was involved in, in, you know, at least some kind of approval. Yeah. Whereas that with the perfectly partner we worked with, they, they was, they were like hands off. They’re like, we give you, give you the money. So we, you know, we signed the, the, the papers, you know, obviously, you know, I’m, I’m sure there was like some kind of step in, you know, if, if the deal was not going to right. To go well, and, and, and they would could take over, but otherwise they were like, yeah, you know, we give you the money, we let you work if, you know, we are cashing or 7% or, you know, whatever the, the number was, and, and we leave you alone and, and, you know, we just have a contract and, and that’s it. So that’s why I, I kind of made the comprising to kind of a second mortgage. Yeah. Even though it, it’s not, they’re not on the, on the lean per se. But yeah. That’s interesting. Yeah. There are so many ways to structure deals. It’s, it’s it’s, it’s very there are a lot of options there. And, and, and sometimes you can make it, you can make a deal work by like, just the way it’s structured.

Charles:
Mm-Hmm. <affirmative>. Yeah. Very, very interesting. So, Philippe, as we’re closing up here, how, let’s say over the years, both of your professional career and now your full-time real estate career, how have your thoughts towards money changed over the years?

Philippe:
You know, it’s, it’s, it’s in, it’s, it’s a very interesting question because, you know, I think the, my first kind of awareness of, of what money was and how it worked is when I, I, I read richdad Poder and, you know, the, the, the, the concept of the right race. I was, you know, in my, let’s say late, late thirties at the time, and I was a hundred percent living in the, in the right race, you know, is like, I, I, I had each time I wanted to, to, to invest, I, you know, I had my, like, my 401k but I, I didn’t have like, money to, to invest in anything else, you know? I was just like spending it. And, and you know, the the other thing, so that was like step one, step two is when I read The Millionaire Next Door.

Philippe:
Yeah. Which, which brings that, that whole, so, you know, there’s a whole study that they run, you know, with hundreds of, of, of millionaires and, and actually like the, you know, they make a, a very distinct comparison between people who are very conscious about saving money and building wealth compared to people who are just big spenders Yeah. And who have, who have no wealth. And, and, and it’s, it’s, it’s it’s very interesting and I try very much to, to live by those, those principles kind of mirroring the, the, the good habits of, of, of millionaires de described in in that book. Yeah, I recommend it.

Charles:
Yeah. It’s very eye-opening that book. I, I love it. Yeah. It’s very interesting and very eye-opening. And when you read the back flap and they like, give you a synopsis of what the average millionaire is, you’re like, I gotta read this. Because it’s completely different than, especially now with social media and stuff. I think I read it before social media at the initial time, but it was just like it’s great. It’s great read that you should, that you should, everybody should have. What do you think are the main factors that have contributed to your success?

Philippe:
Yeah. You, you know, it’s, it’s it, it’s, it’s why what I say always to, to often to my students. It, it’s I think con consistency. Mm-Hmm. <Affirmative> consistency and focus and, and so focus, I I will start with focus. Focus is like, you know, if you select a market, you know, become the expert in that market. And I know it’s, I believe if you read drew Farley’s book on, on syndications, he studied like 200 deals before he started to, to invest when, when he started his career, 200 deals in the same market, you know, he had like all the, the data point for 200 deals. And then when an interesting deal came up, that’s how he knew it was interesting because you had so much data to compare it with it, say, oh, you know, this deal, you know, in that location could make those rents mm-hmm.

Philippe:
<Affirmative>, and, and, you know, now it’s underperforming and I can buy, you know right now this point and, and bring it to, to that level and, and you still make, make the returns. So, so, so let’s focus and, and consistencies you know, I think investing in multi-family, it’s, it’s, it’s closer to a marathon than, than a, a sprint mm-hmm. <Affirmative>. So you really have to, you know, put, put the effort, you know, look at a lot of deals before you’ll be able to, to take one down. So, you know, be consistent, you know, be, become the expert of your market and you know, eventually you’ll, you know, maybe you’ll find people to, to partner with and, you know, and eventually you’ll, you’ll succeed. All right. So how can our listeners learn more about you and your business, Philip?

Philippe:
Yeah. So they can reach out to, to me via email. So my email address is Philippe, it’s spells [email protected]. And they can also come to our website at boostmycapital.com to download our five ways to let me, give me one, one second on, on this. <Laugh> yeah. Five Ways to Boost Your Capital Beyond Your Retirement Account. That’s how it’s called. So come to our website, you can download our guide ebook about this.

Charles:
Great. Well, thank you so much for coming on today and looking forward to connecting with you here in the near future.

Philippe:
Sounds good. Thank you, Charles.

Charles:
Thank you very much. Talk to you soon.

Philippe:
Bye-Bye.

Charles:
Hi guys! It’s Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in get involved with real estate, but you don’t know where to begin, set up a free 30 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com. Thank you.

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About Philippe Schulligen

Philippe, co-founder of Boost Capital Group, is an active investor in 2,400 units, a $180M portfolio and contributed to raising $29M from investors.

Philippe has first-hand experience in commercial multifamily real estate identifying, acquiring through syndication, capital raising, operating, and divesting. Philippe mentors new multifamily entrepreneurs, and advises investors and other syndicators.

Prior to being full time in real estate, Philippe worked a corporate job in the business jets aircraft industry in various leadership roles for over 20 years. He holds a Master’s Degree in Science – Mechanical Engineering.

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