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Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond

Wonton Wealth: Insights into Commercial Real Estate Investing & Beyond

Hosted by Tanh Truong

BusinessInterviews guests

Episodes

119

Latest episode

Jun 2026

Language

EN

About the show

Welcome to Wonton Wealth! Embark on a journey through the dynamic world of commercial real estate investing with Tanh, your guide to unlocking the secrets of this lucrative realm. Whether you're a seasoned investor or just dipping your toes into the market, this podcast is your go-to destination for invaluable insights and expert advice. Join us as we dive into diverse topics, breaking down complex concepts into digestible nuggets of knowledge. Expect deep dives into the nuts and bolts of commercial real estate, peppered with engaging interviews that provide a 360-degree view of the industry.

Listen to episodes

60 recent
June 16, 202624 min

Family Offices & Real Estate Strategies with DJ Van Keuren Part 2

In this episode, DJ Van Keuren shares his extensive experience in real estate, family offices, and multi-generational wealth strategies. He discusses how family offices approach real estate investments, the importance of relationships, and practical tips for those looking to engage with high-net-worth families.Chapters00:00 Introduction to DJ Van Keuren and His Journey04:26 Understanding Family Offices11:15 Investment Strategies in Real Estate17:45 Evaluating Real Estate Deals and Operators22:17 Exploring Partnership Structures in Real Estate23:36 Understanding Deal Flow and Networking Strategies24:29 Common Mistakes in Approaching Family Offices26:23 The Value of Networking at Conferences29:34 Navigating Family Office Conferences30:36 Building Long-Term Relationships with Sponsors32:32 Governance Conversations Among Family Offices34:21 Lessons Learned from Working in a Family Office38:21 Approaching Family Offices for Capital40:08 Gems for Building Wealth ThoughtfullyDJ's Links:DJ Van Keuren's Website - https://djvankuren.comFamily Office Real Estate Institute - https://fore.instituteThe Secret Life of Real Estate and Banking by Glenn Mueller - https://www.amazon.com/Secret-Life-Real-Estate-Banking/dp/0856832634Website - https://djvankuren.comLinkedIn - https://www.linkedin.com/in/djvankeuren/Tanh's Links:Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

June 9, 202623 min

Family Offices & Real Estate Strategies with DJ Van Keuren Part 1

In this episode, DJ Van Keuren shares his extensive experience in real estate, family offices, and multi-generational wealth strategies. He discusses how family offices approach real estate investments, the importance of relationships, and practical tips for those looking to engage with high-net-worth families.Chapters00:00 Introduction to DJ Van Keuren and His Journey04:26 Understanding Family Offices11:15 Investment Strategies in Real Estate17:45 Evaluating Real Estate Deals and Operators22:17 Exploring Partnership Structures in Real Estate23:36 Understanding Deal Flow and Networking Strategies24:29 Common Mistakes in Approaching Family Offices26:23 The Value of Networking at Conferences29:34 Navigating Family Office Conferences30:36 Building Long-Term Relationships with Sponsors32:32 Governance Conversations Among Family Offices34:21 Lessons Learned from Working in a Family Office38:21 Approaching Family Offices for Capital40:08 Gems for Building Wealth ThoughtfullyDJ's Links:DJ Van Keuren's Website - https://djvankuren.comFamily Office Real Estate Institute - https://fore.instituteThe Secret Life of Real Estate and Banking by Glenn Mueller - https://www.amazon.com/Secret-Life-Real-Estate-Banking/dp/0856832634Website - https://djvankuren.comLinkedIn - https://www.linkedin.com/in/djvankeuren/Tanh's Links:Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

June 2, 202624 min

What is Cost Segregation? Part 2 with Jason Melillo

In this episode, Jason Melillo, CEO of KBKG, explains the ins and outs of cost segregation and its impact on real estate investment. Discover how this tax strategy can significantly boost cash flow, reduce taxes, and build wealth over time.Chapters00:00 Introduction to Cost Segregation03:01 Understanding Cost Segregation for Real Estate Investors05:58 Types of Real Estate Benefiting from Cost Segregation08:54 The Trade-offs of Depreciation and Recapture11:40 Real-Life Examples of Cost Segregation Studies14:57 Determining the Value Threshold for Cost Segregation17:51 Depreciation Benefits for Syndicators and Investors20:29 Asset Classes and Their Depreciation Potential23:40 The Cost Segregation Process Explained26:44 Timing and Costs of Cost Segregation Studies29:42 Identifying the Right Investors for Cost Segregation32:20 Exploring Other Tax Strategies for Investors35:24 Common Planning Issues in Tax Strategies38:15 Tax Planning Conversations for Growing Portfolios41:17 Final Thoughts on Wealth Building through Real Estate Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.Jason's Links: CostSegregation.com - https://costsegregation.comhttps://www.linkedin.com/in/jasonmelillohttps://www.kbkg.com/dash?swcfpc=1https://www.facebook.com/KBKGTaxIncentives/ https://www.linkedin.com/company/kbkg/posts/ https://x.com/KBKG https://www.linkedin.com/in/jasonmelillocpa/Promo Code: Wonton2026

May 26, 202621 min

What is Cost Segregation? Part 1 with Jason Melillo

In this episode, Jason Melillo, CEO of KBKG, explains the ins and outs of cost segregation and its impact on real estate investment. Discover how this tax strategy can significantly boost cash flow, reduce taxes, and build wealth over time.Chapters00:00 Introduction to Cost Segregation03:01 Understanding Cost Segregation for Real Estate Investors05:58 Types of Real Estate Benefiting from Cost Segregation08:54 The Trade-offs of Depreciation and Recapture11:40 Real-Life Examples of Cost Segregation Studies14:57 Determining the Value Threshold for Cost Segregation17:51 Depreciation Benefits for Syndicators and Investors20:29 Asset Classes and Their Depreciation Potential23:40 The Cost Segregation Process Explained26:44 Timing and Costs of Cost Segregation Studies29:42 Identifying the Right Investors for Cost Segregation32:20 Exploring Other Tax Strategies for Investors35:24 Common Planning Issues in Tax Strategies38:15 Tax Planning Conversations for Growing Portfolios41:17 Final Thoughts on Wealth Building through Real Estate Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.Jason's Links: CostSegregation.com - https://costsegregation.comhttps://www.linkedin.com/in/jasonmelillohttps://www.kbkg.com/dash?swcfpc=1https://www.facebook.com/KBKGTaxIncentives/ https://www.linkedin.com/company/kbkg/posts/ https://x.com/KBKG https://www.linkedin.com/in/jasonmelillocpa/Promo Code: Wonton2026

May 19, 202615 min

Is Office Dead?

This episode explores the evolving role of the office in the post-pandemic world, examining whether traditional office spaces are still necessary and how hybrid work models are shaping the future of work.Takeaways1. Remote work has increased productivity and saved commute time.2. Many office rituals are about visibility rather than value.3. Hybrid work offers flexibility but can lack structure.4. In-person meetings are more effective for collaboration.5. Suburban offices may see a resurgence as the market shifts.Chapters00:00 Introduction: The Office in Q1 202600:30 Pre-Pandemic Office Culture and Remote Work Gains01:00 The Question: What Is the Office Actually For?01:38 Remote Work During COVID: Flexibility and Productivity02:11 Vacant Downtown Offices and Changing Real Estate Values02:18 Data on Remote Work and Productivity Gains03:04 Office Culture: Habit vs. Productivity Tool03:26 Revealing the True Necessity of Office Spaces04:04 The Hidden Benefits of Commuting and In-Person Work04:18 Is Office Still Needed? The Role of In-Person Interaction05:05 Personality and Role Suitability for Remote or In-Office Work05:37 Distractions at Home vs. Office Productivity06:24 Corporate Incentives to Return to Office06:56 Hybrid Work Models: Opportunities and Challenges07:31 Managing Continuity and Structure in Hybrid Work08:37 Effective Meetings: In-Person vs. Remote10:47 Personal Work Styles and Environment Preferences11:21 The Future of Urban and Suburban Offices13:41 Conclusion: Is the Office Truly Dead?Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

May 12, 202624 min

The $420 Million Real Estate Fraud Case You Need to Know

An in-depth analysis of a high-profile commercial real estate fraud case involving Matt Onofrio, highlighting red flags, legal consequences, and lessons for investors.Chapters00:00 Introduction to the Case Study02:19 The Rise and Fall of Matt Onofrio04:44 Understanding the Fraud Scheme07:28 The Mechanics of the Fraud10:25 The Consequences of Fraud12:47 Red Flags to Watch For17:56 Lessons Learned and ConclusionLinks: IRS Criminal Investigation press release (Dec. 11, 2025): “Architect of massive $420 million bank fraud scheme sentenced to 3 years in prison”KSTP 5 Eyewitness News: “Man behind $420 million bank fraud scheme sentenced to 3 years in prison”InForum: “‘Ringleader’ of vast real estate fraud scheme sentenced to 3 years in prison”Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

May 5, 202621 min

How To Find The Best Partnerships

Tanh Truong shares his extensive experience with real estate partnerships, highlighting lessons learned, red flags, and strategies for successful collaborations in real estate investing.Takeaways1. Stick with your gut in partnerships.2. Always have agreements in writing.3. Leverage partnerships to accelerate growth.4. Assess partners' values and goals thoroughly.5. Plan for worst-case scenarios in agreements.Chapters00:00 Introduction: The Power of Partnerships in Real Estate00:24 Early Lessons: Partnerships and Future Success01:13 First Partnership Experience and Key Lessons02:10 Dealing with Conflicts and Disbanding Partnerships02:50 Importance of Trust and Gut Feelings03:46 Lessons from a Deal with a Friend05:50 The Risks of Verbal Agreements and Unwritten Deals06:47 Case Study: Novice Investor and Renegotiation09:05 Current Partnership with Mentor and Formal Agreements11:39 Why Partnerships Accelerate Growth13:21 Complementary Skills and the Rocket Fuel Concept15:16 Types of Partnerships in Real Estate15:55 Filtering Potential Partners: Values and Goals17:22 Financial Integrity and Transparency18:03 Structuring Partnerships with Operating Agreements19:06 Common Causes of Partnership Failures19:35 Final Advice: Assess and Audit Your PartnershipsHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

April 28, 202626 min

#1 Mistake in Commercial Real Estate Investing

Tanh Truong shares profound insights on the importance of integrity, reputation, and long-term relationships in commercial real estate, emphasizing that trust and character are the true ROI.Takeaways1. Trust and reputation are the true ROI in CRE.2. Short-term greed can damage long-term relationships.3. Scarcity mindset leads to destructive behaviors.4. Integrity is tested when keeping your word costs you.5. Reputation is invisible equity that compounds over time. Chapters00:00 The Cost of Reputation in Real Estate02:46 Integrity Over Income05:20 The Importance of Trust in Partnerships08:19 Lessons from a Personal Experience11:06 Scarcity vs. Abundance Mindset13:11 The Invisible Equity of Reputation15:47 The Long Game in Real Estate18:06 Integrity in Practice20:36 The Value of Relationships22:25 Conclusion: Choose Integrity Over IncomeHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

April 21, 202624 min

Developing Residential Assisted Living with Crystal Wilmhoff

In this episode, Crystal Wilmhoff shares her journey into residential assisted living, covering the business model, real estate challenges, licensing, and funding strategies. Learn how this niche asset class offers a unique opportunity for investors and operators to provide quality senior care while achieving strong financial returns.Chapters00:00 Introduction to Residential Assisted Living00:34 Crystal's Journey into Assisted Living04:17 The Unique Approach of Residential Assisted Living06:58 Designing for Accessibility and Comfort10:19 Navigating Real Estate Challenges14:14 Licensing and Compliance in Assisted Living15:49 Operational Insights and Caregiver Ratios17:54 Amenities and Activities for Residents20:35 Managing Operations and Protocols22:04 Marketing Strategies for Resident Placement23:54 Long-Term Care Insurance Considerations25:09 Project Overview: Honeysuckle House RAL25:28 Building Dreams: The Vision for Assisted Living26:51 Navigating Development: Partnerships and Costs30:23 Financing the Future: Securing Loans and Investors33:31 Construction Timeline: From Groundbreaking to Opening34:31 Structuring Investments: Friends, Family, and Returns37:44 Hiring for Care: Finding the Right Team42:33 Funding Opportunities: The Role of REITs45:15 Future Plans: Scaling and Expanding the VisionResourcesHoneysuckle House RAL - https://honeysucklehouseral.comCrystal Wilmhoff on LinkedIn - https://www.linkedin.com/in/crystalwilmhoffDoyoucare.com - https://doyoucare.comKentucky Senior Care Resources - https://kyseniorcare.ky.gov⁠https://www.linkedin.com/in/crystal-wilmhoff-mclhousingsolutions/⁠⁠https://www.facebook.com/crystal.wilmhoff⁠⁠https://www.facebook.com/HoneysuckleHouseRAL.com⁠Instagram @⁠honeysucklehouseral.com⁠Here's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

April 14, 202626 min

What is Residential Assisted Living? With Crystal Wilmhoff

In this episode, Crystal Wilmhoff shares her journey into residential assisted living, covering the business model, real estate challenges, licensing, and funding strategies. Learn how this niche asset class offers a unique opportunity for investors and operators to provide quality senior care while achieving strong financial returns.Chapters00:00 Introduction to Residential Assisted Living00:34 Crystal's Journey into Assisted Living04:17 The Unique Approach of Residential Assisted Living06:58 Designing for Accessibility and Comfort10:19 Navigating Real Estate Challenges14:14 Licensing and Compliance in Assisted Living15:49 Operational Insights and Caregiver Ratios17:54 Amenities and Activities for Residents20:35 Managing Operations and Protocols22:04 Marketing Strategies for Resident Placement23:54 Long-Term Care Insurance Considerations25:09 Project Overview: Honeysuckle House RAL25:28 Building Dreams: The Vision for Assisted Living26:51 Navigating Development: Partnerships and Costs30:23 Financing the Future: Securing Loans and Investors33:31 Construction Timeline: From Groundbreaking to Opening34:31 Structuring Investments: Friends, Family, and Returns37:44 Hiring for Care: Finding the Right Team42:33 Funding Opportunities: The Role of REITs45:15 Future Plans: Scaling and Expanding the VisionResourcesHoneysuckle House RAL - https://honeysucklehouseral.comCrystal Wilmhoff on LinkedIn - https://www.linkedin.com/in/crystalwilmhoffDoyoucare.com - https://doyoucare.comKentucky Senior Care Resources - https://kyseniorcare.ky.govhttps://www.linkedin.com/in/crystal-wilmhoff-mclhousingsolutions/https://www.facebook.com/crystal.wilmhoffhttps://www.facebook.com/HoneysuckleHouseRAL.comInstagram @honeysucklehouseral.comHere's the link to my book: https://www.amazon.com/Value-Over-Foundation-Commercial-Investing/dp/B0DNN14NLQWant to learn more about CRE? investbeyondmultifamily.com/courseUse Code for 10% off: tanhtruong 🔋 Support My Channel 🔋Bitcoin: bc1q2jnv9sn3efhfvc43q5cqe2leev3066cegpyyz5Sats via Strike: https://strike.me/tanhDollars via Paypal: https://www.paypal.com/paypalme/tanhtDollars via Venmo: https://account.venmo.com/u/tanh-truong🌍 Website: https://www.wontonwealth.com✖️ X: http://www.x.com/tanhtruong📷 IG: http://www.instagram.com/pro_tanh🤓 LinkedIn: http://www.linkedin.com/in/tanh-truong-30a18ab0/❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by Wonton Wealth. Written permission must be granted before syndication or rebroadcasting.

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