Property Profits Real Estate Podcast

Anne Michelle Wand did not start real estate investing with a large pile of cash. She borrowed the down payment on her first home, found a way to split the land, and turned that one purchase into the start of a much larger portfolio.
Anne Michelle first became interested in real estate while she was a single mom and self employed. She saw property as a way to create her own retirement account. Her first major move was buying a home on one acre outside Boulder, Colorado. After learning the land could be annexed into the city and divided, she worked with 13 neighbors to make it happen.
Years later, her portfolio included a duplex, a condo, a 44 unit apartment building, her own home, and other rentals. When the 2008 downturn changed things, she decided to restructure and move to Panama rather than wait for everything to recover in the United States.
Once in Bocas del Toro, she saw another opportunity. There were only a few real estate companies in the area and none were global, so she opened a United Country franchise. She ran the business for about 10 years and sold it in 2021.
Anne Michelle also talks about what real estate looks like in Panama, including titled property, rights of possession, and the role attorneys play in closing deals.
Key topics and takeaways:
Why Anne Michelle saw real estate as her retirement account
How she used annexation and lot division on her first Boulder property
How one property helped fund two more down payments
Why the 2008 downturn helped lead her to Panama
What she had to learn about titled property and rights of possession
Why she still takes on projects after retiring
Guest information:
Anne Michelle Wand is a longtime real estate investor who built a portfolio in the United States before moving to Bocas del Toro, Panama. She later opened and sold a United Country real estate franchise and continued with small development projects.
To connect with Anne Michelle, search for AnneMichelle Wand on LinkedIn. She also mentioned Passive Profit Partners as the company she promotes there.
Call to action:
Connect with Anne Michelle through LinkedIn by searching for AnneMichelle Wand. Anne is spelled with an E.

Doctors may earn strong incomes, but Kyle Stephenson says many receive very little financial education. That gap became a major reason he started learning about real estate and eventually began helping other physicians do the same.
Kyle is a full time orthopedic surgeon who began as a passive real estate investor. He later bought single family homes, found that approach difficult to scale, and joined a team investing in larger multifamily properties in Indiana.
Today, he raises capital primarily from other physicians. His approach is simple. He does not want to sell people. He wants to educate them.
Kyle explains why physicians can be a challenging audience, how local meetups and LinkedIn help him build relationships, and why he created the LegacyRx Conference. He also shares how his Doctors Investor Club podcast grew from a show focused only on real estate into a broader conversation about how doctors can think differently about wealth.
The most personal part of the conversation comes when Kyle talks about losing his father. It changed how he views money, family, and the time he spends in the operating room.
Key Topics
Why Kyle moved from passive investing into active real estate
His experience with single family homes and the move into larger teams
Multifamily development and value add projects in Indiana
Why Kyle focuses his capital raising efforts on physicians
Why education works better than selling with doctors
Using local meetups, conferences, and LinkedIn to build relationships
Why Kyle wants doctors to think beyond a 401K and traditional saving
How losing his father changed his view of wealth and family time
Guest Information
Kyle Stephenson is a full time orthopedic surgeon and real estate investor based in Indianapolis.
He raises capital and works with a team focused on Indiana multifamily real estate. He is also involved with the Doctors Investor Club podcast and the LegacyRx Conference.
Website: LegacyRx.co
Email: kyle@LegacyRx.co
Kyle also mentioned being active on LinkedIn and Instagram.
Call to Action
To learn more about Kyle, the LegacyRx Conference, and the investments he is involved with, visit LegacyRx.co.
You can also contact Kyle at kyle@LegacyRx.co or connect with him on LinkedIn or Instagram.

Chris Eyman has watched real estate marketing change more than once. When one source of deals slowed down, he changed with it.
Chris started at foreclosure sales about 25 years ago. When that business slowed, he moved into direct to seller marketing. Cold calling and texting worked well in 2018, but changes around spam calls and texting pushed his business toward PPC and television.
Today, his Arizona and Florida teams handle about 70 to 100 houses a month. Chris also runs a lending business that grew from a simple observation. The people buying his houses needed hard money, and the customer was already sitting across the table.
Chris explains how he started wholesaling notes after 2008, how his lending operation grew, and how he and a business partner have raised about $10 million for their first fund.
Key topics and takeaways:
Why Chris moved away from foreclosure sales and into direct to seller marketing
How cold calling and texting gave way to more PPC and TV advertising
How a 15 to 16 person team supports 70 to 100 wholesale transactions a month
Why Chris started providing hard money to buyers already purchasing his deals
How his first lending fund grew to about $10 million
Why golf, personal relationships, and small investor dinners are part of the capital raising plan
Guest information:
Chris Eyman operates wholesaling and private lending businesses, with wholesale teams in Arizona and Florida.
He is also involved in new construction projects in Scottsdale and Paradise Valley.
Instagram: Chris underscore Eyman
Call to action:
Chris said he enjoys connecting with people who want to fix and flip properties. He is open to networking, taking a call, and helping where he can.
Connect with him on Instagram at Chris underscore Eyman.

A pediatric medical group can do more than fill space in a shopping center. Steve Salvigsen believes it can become an anchor that brings steady traffic and helps nearby retail tenants.
Steve is the founder of Sage Square Capital. His company invests in multi tenant retail and medical centers, with a current focus on smaller port cities.
Steve explains what he means by medtail and why simply putting a dentist into an empty retail space does not create the same effect. His team looks for medical and retail tenants that work together intentionally.
He also explains how Sage Square studies port markets. The team watches infrastructure projects, port throughput, and commitments from large companies. Steve is not just looking for markets that are growing. He wants to see the growth rate itself start to increase.
His Shark Week analogy makes the strategy clear. Sage Square wants to enter while opportunity is building, but before large institutions arrive and remove much of the excess opportunity.
Key topics and takeaways:
How Steve defines medtail
Why medical tenants can become neighborhood center anchors
The Mobile, Alabama center with Ace Hardware and a pediatric group
Why Sage Square watches TEUs and major port infrastructure
What Steve means by looking at the second derivative of market growth
Why large institutional buyers can signal that it is time to stop buying
The benefits and challenges of long term triple net leases
Why lease expiration dates matter when planning a refinance or sale
Guest information:
Steve Salvigsen is with Sage Square Capital. At the time of the conversation, the company had 15 properties across four markets.
Steve said he wants to connect with people interested in commercial real estate investment opportunities and people selling shopping centers, especially in smaller port city markets.
Website:
SageSquarecapital.com
Call to action:
To learn more about Steve, Sage Square Capital, and its commercial real estate opportunities, visit SageSquarecapital.com.

Dipesh Sitaram is not looking for a five or ten year real estate hold. His goal is to buy quality healthcare real estate with all equity, plan the exit before the purchase, and recycle the capital in under three years.
After 20 years practicing oral surgery, Dipesh says real estate investing helped him retire from clinical practice. Looking back at his investments across different real estate sectors, healthcare stood out as what he calls the Steady Eddie.
He now focuses on healthcare assets such as specialty surgery centers, medical office buildings, and ambulatory surgery centers.
One major part of his strategy is the Delaware Statutory Trust, or DST. Dipesh explains how an asset can be acquired through a fund, contributed into a DST, and then made available to 1031 investors looking for a passive replacement property.
He also walks through a 15 million dollar specialty surgery center example and explains why his value comes from the structure, legal work, and packaging instead of renovations or appreciation.
Key topics and takeaways:
Why Dipesh prefers investment periods under three years
Why he avoids leverage and purchases with all equity
Why healthcare became his Steady Eddie after investing in other sectors
How a Delaware Statutory Trust can fit into a 1031 exchange
The 15 million dollar specialty surgery center example
Why he targets assets in the 15 million to 25 million dollar range
Why his planned exit matters before he buys an asset
His goal to positively impact 20,000 investors over the next 20 years
Guest information:
Dipesh Sitaram practiced oral surgery and TMJ oral surgery for 20 years in the Midwest. He says his real estate investing and investments allowed him to retire from clinical practice three years ago.
He now helps people invest in real estate deals through Acure Capital.
Website:
acurecapital.com
Call to action:
Dipesh says accredited investors are the main group he targets. He also welcomes people who want to ask questions about real estate, discuss deals, seek mentorship, or talk about wealth strategies.
Visit:
acurecapital.com

A 98 unit property with about $15,000 in annual debt service caught Denis Shapiro’s attention for one simple reason. The debt was backed by a zero percent state loan that his team could assume.
Denis and his partners focus on Low Income Housing Tax Credit properties. Their strategy is to buy properties during the second 15 year affordability period, when the original credits have already phased off but income and rent restrictions remain.
Denis explains why these properties can trade far below replacement cost, why his team likes secondary markets, and why high occupancy can make the model attractive even with all the compliance work.
He also shares the story of a North Carolina transaction that became even more interesting when his team asked the seller to include another 41 unit property in Lynchburg, Virginia. The seller agreed.
Key Topics
How Low Income Housing Tax Credit properties work
Why Denis buys during the second 15 year affordability period
Buying some properties for about $25,000 per unit
The 98 unit Kinston deal with zero percent debt
Adding a 41 unit Lynchburg property to the transaction
Why bureaucracy creates both frustration and a barrier to entry
Working with funds, individual offerings, and selected joint ventures
Why Denis wants his company to depend less on outside investor capital over time
Guest Information
Denis Shapiro is an investor and operator with SIH Capital Group.
Website: sihcapitalgroup.com
Email: denis@sihcapitalgroup.com
LinkedIn: Search for Denis Shapiro
Call to Action
Denis says the easiest way to connect is to email him directly.
You can also visit sihcapitalgroup.com to review past deals or connect with him on LinkedIn.