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The Key Questions You Must Ask Every Operator Before Investing

The Vertically Integrated Edge

How owning your operations protects investor capital
Justin Spillers, Co-Founder, Real Estate Alpha - Recovering real estate attorney · 10-year, 1,000+ unit operator · Western Ohio multifamily
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What You'll Learn in This Session

The Question That Separates Safe Real Estate Investments From Risky Ones

Learn the one operational question almost nobody asks and why the answer instantly reveals how protected your capital really is.

How Vertical Integration Changes Your Risk Profile in Real Estate Deals

Understand why owning every layer of operations is the only structure that keeps investors paid when markets turn, and what genuine operational control actually looks like in practice.

The Red Flags Most Passive Real Estate Investors Miss Until It's Too Late

Walk away with the exact warning signs to look for in any passive real estate investment and the non-negotiable questions to ask any operator before committing your capital.

How to Turn a 12% Fixed Return Into a 15-19% Effective Yield on Real Estate Deals

Walk away with a practical framework for evaluating these opportunities across your current and future portfolio.

The Exact Questions to Ask Any Real Estate Operator Before You Invest

Get a reusable, non-negotiable checklist you can apply to any operator or GP, not just this one.

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Justin Spillers
Justin Spillers
Co-Founder, Real Estate Alpha

Meet The Presenter

Justin Spillers' path to real estate wasn't a straight line. He spent seven years as a corporate attorney during the early e-commerce and offshore manufacturing boom, then built and scaled a contract manufacturing and online brand business that surpassed $100 million in sales over five years. That legal precision and operational discipline now shape Real Estate Alpha, the vertically integrated multifamily investment firm he co-founded, which targets C-class apartment complexes along the I-75 corridor in Western Ohio and converts them into B and B+ assets faster than nearly anyone else in the market. His team underwrites roughly 1,200 deals a year to hand-select just two to four "home run" acquisitions, then executes with an in-house operation that turns units in seven days or less. Today, Real Estate Alpha manages 1,000+ units across Western Ohio, has paid every investor on time for 10 consecutive years, and maintained 95%+ occupancy through every market cycle. Justin is also one of the few operators in the space implementing AI at a level that gives his portfolio a measurable edge.

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Winner, 2026 Pitch Slam at Best Ever Conference
290+ Units Closed Last Quarter, Zero Missed Investor Payouts

Real Estate Alpha in Numbers

$105.0M+
In Assets Owned
1,000+
Units Owned and Self-Managed
41.08%
Expense Ratio % (Revenue / Expenses)
2,000+
Deals Underwritten
200+
Deals Reviewed Each Quarter
23,000+
Properties (4+ Units) Actively Monitored in Ohio & Neighboring States
Real Estate Alpha is a fully vertically integrated, multifamily investment firm based in Ohio. From acquisition, value-add, management, and disposition, we handle everything in-house.
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Our Fund Highlights

Fixed 12% Annual Returns

Enjoy 12% returns paid annually (or 10% annual returns paid quarterly), with the option to reinvest and compound your wealth year over year.

Protected By Our 1,000+ Units Portfolio

Gain peace of mind knowing your investment is protected by all of the equity and cash flow in our entire 1,000+ units portfolio.

Defer Taxes For Up to 9 Years

Our Preferred Equity Fund offers a unique tax advantage where your initial returns are considered a return of capital, meaning you can defer taxes for up to 9 years.

Double Your Money Every 6 Years

Compound your wealth and double your money every ~6 years. Reinvest your returns to utilize the power of compound interest, or make yearly withdrawals for cash flow.

Access Your Capital After 12 Months. Zero Fees.

You can withdraw all or part of your capital, along with interest, after 12 months. Just give 90 days' written notice. No long-term lock-ups, unlike most real estate investment funds that require a 3-7 year hold. Zero fees, so you keep 100% of your returns.

Lower Risk Than Traditional Real Estate Funds

With “Preferred Equity Shares,” you get paid immediately after the bank, making it a safe position in any deal. We've never missed an investor payout, and demand for our units actually goes up during market downturns as people look for affordable housing.

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Proven Track Record

Case Studies of Recent Acquisitions

North Troy, Ohio - 44 Units
Purchase Price $2.7M
Loan at Refinance $4.6M
Value Created $2.8M
Hold Period to Refinance 2.5 years
NOI Increase +$161,580
NOI Growth 58.83%
Sidney & Wapak, Ohio - 111 Units
Purchase Price $4.2M
Loan at Refinance $8.3M
Value Created $7.1M
Hold Period to Refinance 1.5 years
NOI Increase +$657,000
NOI Growth 294%
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Here’s What Our Investors Are Saying

“I’ve dealt with stock market volatility for years, and this fund has been a breath of fresh air. Consistent, predictable returns without the stress which is exactly what I was looking for.”

Travis • Retired Business Owner

“A big concern for me was taxes as too many investments eat into my profits. But with Real Estate Alpha’s Fund, the tax benefits are fantastic and I'm now well on track to retiring early!”

Peter • Serial Entrepreneur

“I’ve seen too many ‘too good to be true’ investments, so I approached this cautiously. But after reviewing the investor overview and also speaking with Justin, I felt 100% comfortable to invest and haven’t looked back since.”

Eddie • High Performance Coach and Speaker

“Justin and Brandon are truly at the top of their game. Their knowledge of Ohio’s multifamily market is unmatched, and their track record speaks for itself. This has been the best investment decision I’ve made to date.”

John • Real Estate Professional

“Justin and Brandon’s expertise in Ohio’s multifamily market is second to none. They’ve consistently delivered on their promises, and have never missed a payment.”

Ashley • CFO & CPA

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A 1:1 private, confidential session tailored to your unique investment needs.

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Disclaimer: Past performance is not indicative of future results. Accredited investors only.