The Key Questions You Must Ask Every Operator Before Investing

What You'll Learn in This Session

The One Question Almost No Investor Asks

Most investors ask about projected returns. Justin shows you the operational question that reveals whether your capital is actually protected when things go sideways.

Why Who Controls Operations Matters More Than the Deal

When management, maintenance, and leasing are outsourced, your returns depend on vendors who don't answer to you. Learn what real operational control looks like, and why it's what keeps distributions flowing in a downturn.

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

The warning signs hiding in pitch decks, track records, and deal structures, and how to spot them in your first conversation with a sponsor.

How a 12% Fixed Return Becomes a 15-19% Effective Yield

How tax deferral and compounding change what a fixed return is really worth, and how to run the same math on any offering you're considering

A Reusable Operator Checklist

The non-negotiable questions to put to any GP or sponsor. Including us.

Watch The Replay

Justin Spillers

Co-Founder, Real Estate Alpha

Meet The Presenter

Justin didn't take the typical path into real estate. He spent seven years as a corporate attorney, then built a contract manufacturing and e-commerce business that passed $100M in sales in five years. He brought that legal precision and operating discipline to Real Estate Alpha, the vertically integrated multifamily firm he co-founded in Western Ohio.

The model is simple: buy C-class apartments along the I-75 corridor and turn them into B and B+ assets, fast. His team reviews 200+ deals every quarter to select just two to four acquisitions a year, then executes everything in-house, including unit turns in seven days or less.

The result: 1,100+ units managed, 97%+ occupancy through every market cycle, and every investor paid on time for 10 consecutive years. Justin is also one of the few operators putting AI to work across the entire operation, from acquisitions to leasing.

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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

$115M+

Assets Owned

1,100+

Units Owned and Self-Managed

41.08%

Expense Ratio (Revenue / Expenses)

2,000+

Deals Underwritten

200+

Deals Reviewed Every Quarter

23,000+

Properties (4+ Units) Tracked Across Ohio and Neighboring States

Real Estate Alpha is a fully vertically integrated, multifamily investment firm based in Ohio. From acquisition and value-add to management and disposition, we handle everything in-house.

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Our Fund Highlights

12% Fixed Annual Returns

12% paid annually, or 10% paid quarterly. Take the cash flow, or reinvest and let it compound.

Backed by Our Entire 1,100+ Unit Portfolio

Your investment is backed by the equity and cash flow of our whole portfolio, not a single property.

Defer Taxes for Up to 9 Years

Early distributions are treated as a return of capital, which means you can defer taxes for up to 9 years.

Double Your Money in ~6 Years

Reinvest your 12% and compounding does the heavy lifting. Or take annual withdrawals for income.

Access Your Capital After 12 Months. Zero Fees.

Withdraw some or all of your capital, plus interest, after 12 months with 90 days' written notice. No 3-7 year lock-up like most real estate funds, and no fees, so 100% of your return is yours.

Paid Right After the Bank

Preferred equity sits directly behind the lender in the capital stack, ahead of common equity. We've never missed an investor payout, and demand for our units rises in downturns as renters look for affordable housing.

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Proven Track Record

Recent Acquisitions: Buy, Improve, Refinance

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 investing 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.

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