logo
episode-header-image
Aug 2024
51m 57s

The Journey From A Family Office Intern ...

Matt Aitchison
About this episode

In this episode of Money Moves, Matty A. sits down with Anthony Scavo, a seasoned real estate investor and developer, to discuss the current state of the commercial real estate market. They dive into topics such as the importance of adaptability in uncertain times, the nuances of self-storage and industrial investments, and the impact of economic cycles on real estate strategies. Anthony shares valuable lessons from his extensive experience working with major family offices and navigating the challenges of today's market.

Time-Stamped Show Notes:
  • [00:00:00] - Introduction and welcoming Anthony Scavo to the show

  • [00:00:24] - Overview of Anthony's background and the evolution of Basis Industrial

  • [00:01:31] - Transitioning from self-storage development to acquiring existing properties

  • [00:02:39] - The early stages and growth story of Basis Industrial

  • [00:04:00] - Anthony’s experience working with prominent New York real estate families

  • [00:06:01] - The importance of patience and understanding economic cycles in real estate

  • [00:09:27] - The impact of monetary policy and inflation on the real estate market

  • [00:11:21] - How Basis Industrial navigates high-interest environments and finds deals

  • [00:16:33] - Strategies for managing capital and maintaining investor confidence

  • [00:19:00] - Anthony’s outlook on the future of multi-tenant industrial properties

  • [00:22:29] - The challenges and opportunities in converting office buildings to residential

  • [00:25:40] - Being bullish on Florida's growth and identifying promising markets

  • [00:28:21] - Predictions for Q3 and Q4 of 2024 and potential market shifts

  • [00:32:00] - Anthony's thoughts on the future of the office sector and potential conversions

  • [00:37:01] - The importance of relationships and reputation in real estate investing

  • [00:41:31] - Basis Industrial’s buy box criteria and how to connect with them

  • [00:44:35] - Key business and life lessons from Anthony’s career in real estate

  • [00:48:12] - The value of hard work, resilience, and staying open-minded in business

  • [00:49:12] - Closing remarks and final thoughts

Notable Quotes:
  • "You gotta be aware of those moments... when you meet someone that you want to be close to, make the effort to get close to them." - Anthony Scavo

  • "There's no handouts. I know everyone wants that, but there's nothing like that." - Anthony Scavo

  • "The crock pot always tastes better than the microwave." - Matty A.

Links and Resources Mentioned:
  • Connect with Basis Industrial:

    • Email: zoe@basisindustrial.com

    • Email: ahmad@basisindustrial.com

    • Website: Basis Industrial

Calls-to-Action:
  • Get Involved with Basis Industrial: Reach out to learn more about investment opportunities with Basis Industrial.

  • Stay Connected: Follow Matty A. on Instagram and other social media platforms for more insights.

  • Subscribe and Share: If you enjoyed this episode, take a moment to subscribe, rate, and share with your network.

Closing Remarks:

Anthony Scavo emphasizes the importance of hard work, patience, and adaptability in the ever-changing real estate market. His insights offer valuable lessons for both seasoned investors and those new to the industry. Matty A. wraps up the episode by encouraging listeners to stay focused on their long-term goals and continue investing in their personal and professional growth. Tune in next week for more expert advice and actionable strategies on Money Moves!

Episode Sponsored By:

Discover Financial Millionaire Mindcast Shop: Buy the Rich Life Planner and Get the Wealth-Building Bundle for FREE! Visit: https://shop.millionairemindcast.com/

MY FIRST 50K!: Visit https://wiseinvestorcollective.com/ and submit your application to join!

 

Up next
Today
Tariffs, Trust, and Real Estate Trends: Bold Moves, Backlash & Baby Bonds | Money Moves
In this post–Fourth of July breakdown, Matty A and Ryan dive into a fiery mix of politics, policy, and financial strategy. From the potential September rate cuts and a sluggish real estate season to massive institutional plays and controversial political shifts, the guys don’t ho ... Show More
39m 37s
Jul 7
How To Setup and Structure Your Investing Entities For Maximizing Tax Benefits and Protecting Your Wealth | Jonathan Feniak
In this value-packed episode, Matty A. is joined by Jonathan Feniak—attorney, educator, and founder of LLCAttorney.com—to walk through the essential strategies behind smart entity structuring. Jonathan breaks down everything from LLCs, S Corps, and C Corps, to revocable living tr ... Show More
45m 38s
Jul 4
Trump’s Gift To Investors - Big Win For Real Estate Investors Under Trump’s Big Beautiful Bill | Wise Investor Segment
In this episode, Matty A. breaks down the new “One Big Beautiful Bill”—recently passed Congress and on its way to being signed—focusing on the massive upside it offers for real estate investors. From the restoration of 100% bonus depreciation on CRE assets to higher SALT deductio ... Show More
10m 27s
Recommended Episodes
Nov 2024
The Authority Advantage: How to Dominate Your Industry | Bedros Keuilian | EP 46
Today I sit down with Bedros Keuilian, the powerhouse entrepreneur behind multiple businesses, including one doing over $200 million annually. Together, we break down the secrets of building an impactful personal brand, collapsing time for success, and achieving peak performance. ... Show More
45m 22s
Sep 2024
The Secret Strategy That Saved My Company | Cory Boatright
In this episode of the Wealthy Way podcast, I sit down with Cory Boatright, a seasoned real estate investor and entrepreneur, to dig into the latest market trends and how things have changed since our last conversation. We dive into the strategies Cory’s using to adapt to the cur ... Show More
1h 52m
Dec 2024
The Future of Crypto: Will Bitcoin Push to $1M? | Ryan Myher | EP 50
Learn More About TradeGenius: Visit TradeGenius.com to explore Ryan’s innovative platform for crypto trading.   --   In this episode, I sit down with Ryan Meyer, founder of TradeGenius.com, to explore the explosive potential of cryptocurrency in light of Donald Trump’s policies a ... Show More
36m 6s
Apr 7
How I Wiped Out $2M in Taxes with One Real Estate Move w/ Cody Sperber 🏡 E116
On today's episode of Money Mondays, join Cody Sperber, "The Clever Investor," as he shares his journey in real estate, marketing strategies, and how he built a multi-million dollar business. Learn valuable tips on saving taxes, growing your wealth, and the power of investing in ... Show More
31 m
Jan 2025
What Does It Take to Become a Real Estate Investor in 2025? w/ Albert Preciado 🏘️ EP106
In this special episode of The Money Mondays, we have Albert Preciado as our esteemed guest. This is his third time on the show, and a big reason for that is that he's a seasoned expert in the real estate industry. He’s here to share valuable insights, strategies, and tips on how ... Show More
38m 56s
Jan 2025
How He Built a $1M/Day Brand Through Bold Marketing and Innovation | Rudy Mawer | EP 56
In this episode, Rudy Mawer shares his journey from a fitness entrepreneur to a global branding and marketing powerhouse, generating $1 million a day in revenue and managing $300,000 daily ad spends. He discusses the pivotal role of personal branding, the importance of embracing ... Show More
31m 59s
Dec 2024
The 1% Mindset: Success through Focus, Team Building, and Marketing Mastery [REPOST] | Andy Elliott | EP 51
Andy Elliot advocates for achieving top-tier status in one's industry by focusing on mastery in a singular area rather than diversifying efforts. Throughout the conversation, there is a recurring emphasis on the significance of constant self-improvement, resilient mindsets, and s ... Show More
45m 39s
Dec 2024
The Buffalo Mentality: Facing Challenges and Choosing Your Hard | Cole Taylor | EP 48
Today I sit down with Cole Taylor, who transformed from being overweight to ultra-fit and built a business empire serving 50,000 clients. This inspiring conversation dives into Cole’s philosophy on embracing discomfort, optimizing performance, and turning life’s challenges into o ... Show More
31m 59s
Aug 2024
How Youtube Can 10X Your Business | Evan Carmichael | EP 35
I sit down with YouTube expert Evan Carmichael, who shares powerful insights on how entrepreneurs can leverage YouTube to grow their businesses. Evan emphasizes that many entrepreneurs underutilize YouTube due to fear and lack of experience, but insists that it should be a primar ... Show More
29m 23s
Oct 2024
The Strategy That Will Revolutionize The Future of Real Estate | Will Denis | EP 42
To learn more about 'Reverse Flipping', Go to: https://thescienceofreverseflipping.com/     In this episode, I interview real estate expert Will Dennis, who introduces "Reverse Flipping," a game-changing strategy for real estate investors and agents. Will explains how reverse fli ... Show More
43m 54s