Mike Zlotnik is an immigrant from the former Soviet Union. He is a Mathematician by education. He lives in Brooklyn, New York, married, with four kids, and a cat, which he considered their fifth child. Real estate has always been his passion. Even though he had a 15-year career in technology, and was very successful, his true calling has always been in real estate investing. He went full time 2009 and never looked back. Currently, he co-manages a few real estate funds: Tempo Growth Fund, Fund For Growth, Tempo Opportunity Fund, Growth Income Fund, as well as number one-off deals. 

Mike Zlotnik spent his 15 years in the Information Technology field, managing risk business, intelligence, and quality of complex systems, software, and processes. He then took his talents to real estate investing full time and has been doing that for over a decade. He’s now assumed the responsibility of CEO and has founded what is known as the TF Management Group LLC and their focus is on helping people create and preserve more wealth with real estate, in particular, providing short and long term debt and equity financings for a variety of different real estate investments.

 

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Value Add CRE Investing with Mike Zlotnik

 

Brett:

I’m excited about our next guest. He is in the great state of New York and he actually spent about 15 years in the Information Technology field, managing risk business, intelligence, and quality of complex systems, software, and processes. He then took his talents to real estate investing full time and has been doing that for over a decade. He’s now assumed the responsibility of CEO and has founded what is known as the TF Management Group LLC and you can find them at tempofunding.com, and their focus is on helping people create and preserve more wealth with real estate, in particular, providing short and long term debt and equity financings for a variety of different real estate investments. Please welcome the show with me. Mike Zlotnik. Mike, how are you?

Mike:

Hi, Brett, thank you very much for having me. I appreciate the great gracious invitation. 

Brett:

Absolutely. And I appreciate you being here. For our listeners to get to know you for the first time, would you give us a little bit more about your story and your current focus?

Mike:

Sure, the real story of my life I immigrated from the former Soviet Union in 1989, as a political refugee to the United States, I’m a US citizen, a US patriot. I’ve been a Mathematician by education. I live in Brooklyn, New York for many years, married my lovely wife, four kids, and a cat, the fifth child. So that’s a little bit about the family. And real estate is always my passion. Even though I had a 15-year career in technology, and was very successful, my true calling has always been real estate investing since 2000. I went full time 2009, never looked back. It’s my genius zone. I love doing it. And today, I co-manage a few real estate funds: Tempo Growth Fund, Fund For Growth, Tempo Opportunity Fund, Growth Income Fund, as well as number one off deals. So that’s what it is. I live in Brooklyn, New York.

Brett:

Amazing. I absolutely love that. I want to take a step back, though. Perhaps back in the childhood days when you’re growing up? You know, Mike, I believe we’ve all been given certain gifts in this life, and these gifts are given to us to be a blessing and have helped others. Some people call them strengths, in Hong Kong people, call them superpowers. I believe their God-given gifts, and they’ve been given to us to help others. So I’m curious, what are those one or two given gifts that you believe you were given, and how does that help how you help people today?

Mike:

Sure. Thank you for that comment. Yeah, I mean, my mind works, I’m a Mathematician and a chess player. That part of the brain is extremely well developed. I help people solve finance and investing problems. I also do coaching in the bigmikecoaching.com, people have come to me with investment opportunities. There are a lot of interesting deals out there. Bright and shiny objects and how do you know the difference between an average deal or a good deal or a terrible deal. So I try to help folks to dissect some of the good, the bad, and the ugly deals just to at least on the surface, and then help structure deals. A lot of real estate guys know how to do real estate, they don’t know how to do finance. I love finance. So it’s sort of it’s a God-given gift. You’re right. And I appreciate the gift and I try to help as I can in structuring and finance.

Brett:

Yeah, absolutely, absolutely love it. The mathematician background, the love for real estate, the love for helping other people, and then figuring out ways to structure deals on the financial side, which is the lifeblood of every deal, right? I mean, you have the structural deal and you have that you put in the deal and contract. But until you have that blood, which is the funding, the cash to make it make sense, nothing goes anywhere. So fantastic. So let’s dive right into that. So walk us through tempofunding.com, a TF Management Group LLC. What is it that you guys do? What you don’t do and how you best help high-net-worth individuals?

Mike:

Sure, so we’re basically a fund management company. We have a family of funds that spread the risk across a portfolio of well-diversified funds, spread across a portfolio of investments with a specific objective. So we have a Tempo Growth Fund that invests in substantial value of projects with massive typically depreciation benefits. And most of the income comes in the back end in the form of capital gains, very tax-efficient helps folks with a need for passive allocation losses, the Paul’s, I love to talk about the Paul’s versus the pigs. Most people don’t know what am I talking about? Well, in real estate, when you’re trying to save on capital gains, and you have an appreciated asset, you sell it, you have a lot of passive investment gains, and you need to roll the money into something that has better investment, capacity allocation losses, the Paul’s. So we do again, I’ll find the structure to be very tax efficient. And we pick and choose the best risk-adjusted return deals out there. We have a network over our own relationships with the best sponsors and operators. And that’s how we deliver the value. Tempo Opportunity Fund is very similar, just a little different font. It’s it has a broad mandate, including growth and income. But in general, what we do is we provide a diversified vehicle into the portfolio of both growth assets or growth and income assets. The one has deals from time to time also come up. We did a deal last year called Riverbend. It basically a value of multifamily in Indianapolis, where there is massive accelerated depreciation and we pass through the deal to investors. Actually, folks who wrote a check, let’s just say 400,000 bucks and got 300,000 depreciation in the first year. So we’re looking for these outsized depreciation deals as a way for folks to roll some of the capital gains into the next investment, as well as have substantial upside revaluing strategies. So we do both devalue that site and the income site, just to be is to add a little bit more, we find the answer quite a good number of what do you call the fix and flip projects, basically, you heard of the hard money loans. So we do that we have a universe of folks, including folks that have TV shows, like flip that house that that show, but similar. To provide that finance, if they make sense on fixing flip projects, you’ve been very opportunistic, some of the most real interesting projects recently, we finance guys who buy land, for cash, and then they sell it to folks with seller financing on a six-year credit card payments, we provide bridge money, and then they’re able to arbitrage that six-fold, literally buy a lot for three to 4000 and then sell it for 18. We do some exotic financing for folks that will buy land, get it permitted for the cultivation of cannabis, and then flip it. So I called platforms, we’re not financing part farms, but the land is used for the land improvement play get a permanent for cultivation. So very opportunistic.

Brett:

I love it. So I love the focus on every aspect of wealth building, right? The depreciation offset the cash flow, the ability to get value to add deals, the ability to diversify, you truly taking it from a financial mathematical perspective, not just a one-off deal, you got to look at the holistic. Is that a fair summary, Mike?

Mike:

Yeah, correct. You know, what’s really fascinating about investing in a growth fund versus one of the growth deals is that we have something within the fund that goes through a short investment cycle that flips and generates a profit, it gets offset immediately with ongoing depreciation. So people ask me why a fund, has that added benefit that a portfolio generates a massive amount of depreciation that can in can actually continue to offset taxes for years until the last set of assets kind of accident and that’s when you get all that capital gains coming in. So it’s just a thought on that front. Beyond that, just trying to help folks with whatever issues they have. Let me give you an idea of working with the gentleman coaching capacity, where he’s just looking to deploy capital again, I’m not a financial advisor, just to be clear, I’m not a licensed real estate, registered investment advisor nor do I play one on TV. I’m a fund manager and I do some coaching with high net worth folks. He’s issues gonna deploy a lot of capital, and we’re trying to think it through and he’s a high earner, he’s in a very high tax bracket. How do you do this? Well, you got to pick Roth projects where you don’t have to pay income on the capital that you have to pay income tax on the growth until it’s sold number one, number two, parking the money in the short term to generate some temporary income until you get to the point where he’s ready to deploy this. The other problem we’re solving is the high degree of uncertainty. And we don’t know where we’re going to get over the next couple of years. So how do you do smartly? How do you put capital to work today? And tomorrow, at the same time, park the money somewhere? So it’s a complex problem, but everything has a solution.

Brett:

Yeah. Imagine you, Mike within a Rubik’s Cube, and it has all the different color sides, right? And you’re the brain surgeon like putting this thing. Okay, how do we maximize tax savings? How do we maximize gains value short term, long term? And you’re trying to make all the colors match up? It’s always gonna be perfect. Right. You’re doing it to the best of your ability. Is that a fair summary?

Mike:

Yes, exactly. The kids bring a Rubik’s Cube, they do a good job breaking it up, they bring it right back to me. And a minute later, they have it back all set up again. And the process continues, actually.

Brett:

I love it. Mike, what’s the most rewarding part of what you do?

Mike:

It’s a great question, I would say, solving a problem, I don’t know how to say when you have a complex problem. I grew up being a Mathematician, a chess player. And I participated in Mathematical Olympiad. I can’t tell you when you get a bunch of impossible-to-solve problems when you solve one or two. When you find an elegant solution, I don’t know how else to put it, but it just feels great. Like you just made the world a little better.

Brett:

Absolutely. But it’s a good segue. Now, I don’t know if you’re ready for this, but I’m gonna do a curveball here. And I’m going to test you. And it’s something that we’re really passionate about, solving a problem using something called a Deferred Sales Trust. You may have heard of it. You may not I don’t even know we were just meeting for the first time. But you mentioned capital gains tax and you mentioned, you go through these deals and you’re depreciating, you’re probably doing accelerated depreciation, some cost segregation, right? You’re getting it. And eventually, you get to a point where you’re going to sell that asset and then it’s going to be all recaptured in the capital gains tax is going to be hit. Have you ever considered a deferred sales trust at the sale either for GP interest even potentially LP interest? If you haven’t heard of that, you know what that is?

 

 

Mike:

Yes, I’ve heard it. I’ve heard it. I’ve certainly heard about it. I have never used it. But I know it is. It requires a proper setup. I’m well aware, I’m more aware of some of the limitations, for example, on a DST you don’t have, you still have to recapture depreciation, you only get to defer capital gains. So it’s one of the I don’t want to call them limitations, but it’s part of the side effect. So it can be part of a solution but requires expert opinion from folks like you on how to set it up properly. Because it’s a very sophisticated vehicle. It cannot be done by every CPA. 

Brett:

You are absolutely right. In a traditional deferred sales trust, the depreciation recaptures if it’s been accelerated, if this is cost sag, it’s a different setting than your right if it’s just regular depreciation recapture no problem. If it’s a straight line, no problem. However, we have another one that’s called a DST plus, that can actually take care of that and keep that deferred.

Mike:

I love the idea, by the way. Will you explain to me how a DST works, because it’s pretty powerful, obviously.

Brett:

Yeah, I will. And for those who are curious, you can learn more at capitalgainstaxsolutions.com. And you can download our FREE eBook. It is something we think is transformational. Once you understand how it works, why it works, which leads to the second part, which is a state tax. Okay, so you probably familiar with that, right? If you’re worth 22 million or more married, anything left inside the taxable estates gonna hit with a 40% debt tax, if 12 million single, however, in 2025, those are set to expire, meaning it’s likely to drop in half 12 million married 6 million single. And so we just did a deal in Colorado where we help the client not only sell into further capital gains tax on about a $5 million asset but also simultaneously move the funds outside of their taxable state and saving them the 40% on that 5 million for their air. So these are the creative solutions. And I’m gonna apply the Big Mike you said looking for good deals, bad deals, what are the questions hearing about it for the first time and this scale and this and this little sliver? What were the questions that you’d want to ask to try to see if this a Rubik’s Cube lines up?

Mike:

So not a CPA to play one on TV. The problem is obviously complex, and most folks do transfer wealth slowly overtime to their kids, so they need a plan. So that you asked me what questions to ask, what timeframe do you have to do some of this creative financing to get the wealth transferred to your kids?

Brett:

Setting the DST prior to the close of escrow. So typically we need 14, 21 days, ideally, 30, 60 to make sure we get everything really clear and before the buyer removes all contingencies because what’s happening here is you’re basically selling it to the trust, right? So we’ve got to, do preplanning, we got to do it in order. So that’s, that’s the first one. However, with the 1031. Exchange, we can save a failed 1031. So that there’s a second window there, if it’s an investment property, remember, 1031 only applies investment property, if you’re a primary home seller, ours works as well. But we got to do that before the closing of escrow or a business before the closing of escrow. cryptocurrency, high-end artwork, collectible stock all work for the deferred sales trust, we got to do that before the closing of escrow right before the transaction. So the key is before now to your point, flips. And or gifting what we found before folks meet us is the, they want to get it outside the taxable state, they just are running out of time, right, and they can’t get enough away. And so the intent is to get it out as much as you can to challenge you can’t get out in time, the solution is the deferred sales trust. So on one day and one transaction, we can sell a movie outside the tax will say so hopefully that answers the question.

Mike:

Yeah, I mean, I have another creative solution to the problem of the estate tax. Like I’m gonna love you guys. It’s hilarious. It’s just not it’s, it’s it is a joke, of course. Would you say I want to achieve I don’t want to achieve immortality? Through my work. I want to achieve immortality from not dying. Okay, that’s the answer to the question. Just don’t die live forever.

Brett:

Yeah, we’ll figure that one out. We’ll all be we’re all being in better shape. Okay, so that’s a state tax. We talked about depreciation recapture. We talked about capital gains tax talks about what you guys do. I love that you like solving problems because at the heart of it the problems we solve, the stronger we are to solve the next problem. So talk about how your businesses evolve, or you evolve as you solve more, there’s another set of problems to conquer, and how on how that experience has helped you to do that.

Mike:

Sure. So first of all, when we invest again, as a fund manager, I don’t think about tax efficiency, and saving on taxes as the primary objective, as much as it’s important to do this and everything you do, is a part of a solution. But it’s not the entire solution. So what I do like to do is find great deals that have the right tax benefits, at the same time, continue with just very sound investing strategies. So let me give you an example. A lot of people picked up on these opportunity zones, recent developments, and they go crazy about them, they get excited. Then they say a lot, let’s do opportunity zones. And I looked at the number of deals and the deals were not good. They were crappy deals, but they had opportunities on benefits. The lesson learned is don’t yet have a good friend. He says this, don’t let the tax tail wag the wealthy dog. He ever heard that expression that is really hilarious. He’s a good friend of mine, Ryan Parson. And that’s his favorite expression. But we focus on sound deals is always starts with great deals. And ideally, they have pretty strong tax benefits. So at the end of the day, we’re investing not only to shield from taxes, but that’s a side benefit. The primary objective is to get great risk-adjusted returns. So the lessons learned are everywhere, everything we’ve done is just focus on the better. The most important thing, the number one thing, the number one thing is sound investing the number two, obviously stocks efficiency and saving. There are exceptions, obviously personal substitute situations, you have a deal which you’ve depreciated to zero negative capital account balance. And you don’t ever want to sell that asset. So there are some complications. But you know, you could add in DST, you could add in some charitable trusts and, and come up with a solution. Again, I’m not a CPA, I don’t sell people, wealth, tax problems. I just find the best investment opportunities and help them get a great return. We happen to deliver tax efficiency as a side effect of what we do.

Brett:

Beautiful. Absolutely. And what would a new depreciation schedule mean? Like for that guy who owns that $25 million property on the corner and he’s never going to sell the Bullseye location. It’s appreciated from 5 to 25 but it’s fully depreciated. What would a brand new depreciation schedule mean? Walk the listeners through that and what that would mean for somebody?

Mike:

So I’m not clear on this question. So I don’t know what the new depreciation schedule will look like if you depreciate it, you have negative, you can’t sell the asset without maybe you do the DST plus, and then you’ll deal with the different cost basis, right? So if you’ve got a $25 million asset, and now you’re gonna acquire a $100 million asset, and you’ve depreciated $24-$25 million, I don’t know, negative 10. Maybe at that point, your cost base will change. But that’s, it’s not what we do, right? We have investments in projects with accelerated appreciations. After a few years, you’re in the negative. So the strategy is just at least in the short run, refund till you die, at least for the foreseeable future. And then maybe engage someone like you, when they feel like they want to exit the asset.

Brett:

We’ll talk more about offline, but we have a solution for that. Yeah, you can sell now moving to the deferred sales trust or plus, and then you can use the funds to partner with the trust to go buy a deal with a new depreciation schedule. Actually, in 2006. I was at Marcus and Millichap multifamily brokerage help people do 1031 exchanges. And I saw the whole marketplace kind of got flipped upside down by oh eight. And we go, what happened and people we looked at it, we said they were overpaying via the 1031 exchange, right? They felt pressured, they felt forced, they’re taking on too much debt, equal or greater value. They’re called shotgun weddings getting engaged in 45 days married and 180. And now they knew they shouldn’t be buying, but they’re letting the tax tail wag the dog. And now they get the music stops. And they’re not diversified. They’re not liquid, and they’re fighting with the banks. And we’re going there’s got to be a better way, right? And we found out the deferred sales trust in about 2009. And everything. Everything has changed since then. I actually educate and show people how to do it. And so I appreciate you walking back and forth with me here because there’s a lot of listeners listening for the first time they ever heard of this. Right. And I’m not sure what questions to ask. So indeed, you can learn more about capitalgainstaxsolutions.com. That being said, what are your thoughts on the marketplace right now? Where are you finding deals? You’re in New York, it seems to be this flight to Florida or this flight to different states? How real is that perception that the media is? You know, we’re thinking about do you feel like there’s a big migration going on? And if so how is that going to affect real estate in New York? And where are you investing today, right now that you like?

Mike:

Great question. The way to think about our funds with funds of funds. So we have relationships with best-of-breed sponsors and operate around the country. We don’t invest necessarily only in New York, we invest some in New York, we actually like distress commercial debt, it’s a safe way to invest. It’s like a quick call buying an option on the property. You buy distressed notes to try to foreclose. Realistic case scenarios get paid off. If you ever actually take it to the auctions, you’ll make it like a bandit. So but that aside, we invest in the hottest trend right now we see it’s a COVID-created opportunity. You know, COVID is a terrible thing. But it did something it dislocated certain asset classes, specifically hotels. So we’ve been investing in hotel conversions to affordable multifamily housing. So the trend was there pre COVID. It’s not a brand new idea. It’s been around, but COVID has sort of accelerated this. So we just had an exciting deal, we invested 21 months ago, we got 73% IRR on conversion, it was a super homerun. I mean, I’m not saying every deal was like this. But we’ve got 2.2 multiple on the investment in 21 months. And the new deals we’ve been doing. It’s actually two flavors of these of the strength. One is you take extended stay hotels just from a basic standpoint. If they are not doing well. There they look like apartments, literally, they look like apartments, residents in and you convert them to multifamily and many of them are zoned naturally for multifamily housing. So these projects have pretty good two three-year kinds of renovate, reposition refi or sell the type of strategy. So a lot of these projects have generally pretty good economics with target returns IRR in the low to mid-20s conservatively Of course there’s risk everything as risk. So this is a trend that they don’t need to be in big metropolitan cities they could be smaller MSPs who’ve done a deal in Winston Salem, North Carolina, South Bend Indiana, we have a deal in Mesa, Arizona, and so on. So we like that trend as a COVID opportunity. We’ve also invested in Recently some office conversions to multifamily, yet another post COVID. victim, unfortunately. So some of these office buildings, they just not going to have the tenants for quite a while, if they’re well positioned in a good location, it’s a little bit heavier lifting more work. But they present a pretty interesting opportunity to be repositioned into housing. So these are some of the recent trends. And then as I mentioned, some of the very opportunistic investing not again linked to Florida itself, yet Florida is generally pretty hot. For obvious reasons, no state income tax, right. Pretty basic, New York. Unfortunately, again, I don’t want to take political positions, but I grew up in the former Soviet Union. And I have to say that this, this, this, this socialistic system just doesn’t work. It just that socialism, unfortunately, doesn’t work. In New York State, too much resembles a little bit too much of socialism. So I have to say is a political refugee from a socialist and communist system doesn’t work. When you try to take everything people have text them, repress them it doesn’t work, people just not happy. But I do believe the Big Apple will come back and the Big Apple will come back when we post when we will achieve sort of herd immunity, and the Broadway reopens and the fear is reopened and everything else reopens, people will come back. So I would not write down New York. In fact, New York, I believe will come back strongly. The fact that there is no high tax has been here. People lived here in New York because it’s a great city. So the move to Florida does have value and the climate is better and no state tax. And too many people retire from New York to Florida, but it’s still a great city. I think New York will be there to stay for a long time.

Brett:

Excellent. Mike, by the way, we can learn more about Mike Zlotnik at tempofunding.com and or just go to bigmikefund.com. With that being said we are you ready for the lightning round? 

Mike:

Yes, sir. 

Brett:

All right. So knowing what you know now, if you could go back to your 25-year-old self, what’s the one Golden Nugget you would make sure that you would do?

Mike:

Never sell real estate, just buy and hold forever. Collected, I regret everything that I sold and everything is has done so well. That I kept and what I sold. In hindsight, shouldn’t have sold.

Brett:

Yep. Excellent. Thank you for sharing that. Number one book you’ve recommended or gift at the most in the past year?

Mike:

No BS Marketing to the Affluent by Dan Kennedy. Love the book, if you want to raise capital, from affluent investors with high net worth. 

 

 

Brett:

Excellent. Best real estate investment ever?

Mike:

Well, one of these cannabis farms. Long story short, we made a loan with a very high rate of return 25% coupon it was a secondary lien secondary mortgage. Secondly, deed of trust on 300 acres of land conversion in Walnut Creek we’re permitting for cultivation California. And all in cost is between two and a half to 3 million and probably easy exit that 9 million. So we also own a piece of the equity on the deal. So what’s most fascinating the return on equity exceeds all that 25% rate of return on the loan. So if you get into some of these, I’m not supporting cannabis nor advocating it. But some of these deals just have just super home runs.

Brett:

Amazing. Congratulations. Love that. Worst real estate deal have you ever done?

Mike:

Years ago, we made a loan on a property and the borrower failed. And we took over the property with a closed in it. And we continued to rehab the property and became a bottomless pit. Like that movie was called money pit. Yes. So no matter how much renovation we did, it was never finishing. There were always more problems and it took us forever. We could dribble the budget. And the worst part of it was that when we sold this property, we couldn’t sell it. We had to drop the price per couple of 100,000 so we lost a substantial amount of money on the deal. And it is it wasn’t it’s one of the got a Ph.D. in, we probably would have been better off, not trying to innovate, just take what we can at the auction bidder would have licked our wounds a little bit and then be done. We thought we could make money on the deal in some of these complex renovations. big heavy construction projects can be bottomless pits.

Brett:

Got it! Thank you for sharing. Two more questions. This is a second to last. What are you curious about right now?

Mike:

Interest rates, I am a big study scholar of Fed Policy. One of my other favorite books is the Creature from Jekyll Island. It’s about the formation of the Fed and the monetary policy. I love the stuff. I’m sort of an economist minor, I never got a degree in economics. But at this point, sometimes I call myself a Ph.D. without a Ph.D. Love economics Fed policy. And I’m fascinated by the fact right now that the Fed is not taking taken action of quantitative easing to let the rates long term rates long part of the yield curve. They’re letting that literally let that yield curve widen. And it’s a strange a little bit strange to me. I think they’re letting it they’re not doing the right thing. In my opinion, I think when they will wake up, it’ll be a little too late. That is always late making these decisions that were way too late keeping the rates zero for a long time and they raise the rates. Now they dropped the rates again, and they again, then I take an action with the quantitative easing to deal with the, with the fact that the rates are rising. It’ll be heavy brakes on the economy, interest rates with massive over-leveraged US economy with a massive amount of public and private debt. It is it’s a substantial risk if delivery rates go up much, much more from now. So the rates move quite a bit from January 1 until today. And if they don’t slow, slow them down. I think we’re going to have a substantial slowdown as a result of that higher cost of debt service.

Brett:

Mike, I want to thank you for being on the show and wrap it up with this last question. And it’s this, after helping countless individuals and doing so many deals, making a bunch of money, and helping other people create and preserve more wealth with your funds. By the way, you can go to tempofunding.com or bigmikefund.com. How do you stay centered, Mike, and your values? How do you stay encouraged to keep charging forward to reach new heights?

Mike:

I just want to make a difference, make an impact and help somebody. Again, just to give you an idea. Even working with successful people in there, they’re successful no one, right. There’s something about help, you don’t need to get paid. But if you help somebody and you’re not paid, it’s how should I put it if it gives the most, the biggest satisfaction to me, is to help. I mean, my mother was a big giver. And I’m not doing anything beyond what I do day in and day out. But if I can help somebody and they learn something, again, don’t give them a fish, teach them how to fish. If I could, if I can help someone with one idea that will improve their life a business and they can go with it. So much more power so much. You know it’s made the world a little bit better today. 

Brett:

Beautiful. Well, Mike, I think you definitely made this podcast wiser today. And more thoughtful today and definitely more beautiful today as well. You’re looking sharp with the background with the Big Mike Fund with a podcast guy there and the blue top there. So you’re looking at suit top, you’re looking great. I want to encourage you to keep using your Mathematician mind, your problem-solving skills, and how you structure deals to help more people create and preserve more wealth. Keep using that as a Rubik’s cubes to solve these problems because we need problem solvers like yourself to help more people. And with that also want to remind everybody you can find Mike at tempofunding.com and bigmikefund.com. And for our listeners, I want to thank you again for listening to another episode of the Capital Gains Tax Solutions Podcast. As always, we believe most high net worth individuals and those who help them they struggle with clarifying their capital gains tax deferral options, not having a clear plan is the enemy, and using a proven tax deferral strategy such as the deferred sales trust to exit your business, real estate or other highly appreciated assets, we believe is the best way for you to create and preserve more wealth. You can go to capitalgainstaxsolutions.com to learn more about that or if you’re a business professional looking how to use it to grow your business, go to experttaxsecrets.com and learn about that. Thank you so much for watching and hearing this podcast. We appreciate you. Bye now.

 

Important Links:

• Mike Zlotnik
• TF Management Group LLC
• Big Mike Coaching
• Big Mike Fund

 

About Mike Zlotnik

Mike Zlotnik has been a debt and equity investor in real estate since 2000.  He started his career and had spent nearly 15 years in the information technology field managing Risk, Business Intelligence, and Quality of complex systems, software, and processes.

While building a successful carrier in IT, Mike’s passion has always been real estate investing because of its predictability of outcome and well-understood risks.

In 2009, Mike joined Tempo Funding, LLC (Mortgage Pool Fund) as a managing partner, and Vice President of funding operations.

Starting from January 2014, Mike has assumed the responsibility of a CEO and has since founded TF Management Group, LLC, launching 4 new real estate investment funds, TF Investment Fund II LLC (Income Fund), Tempo Opportunity Fund LLC (Growth & Income Fund), Tempo Growth Fund LLC (Growth Fund) and Tempo Income Fund LLC (Income Fund).

Mike holds a Bachelor’s degree in Mathematics from Binghamton University.  Mike is a member of multiple real estate and investor mastermind groups such as Collective Genius, Freedom Founders, Venture Alliance, CA Investors (Private).

 

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