
The worst time to start raising money for a real estate deal is when you already need the money. In Episode 13 of When Real Estate Gets Real, I sit down with Jay Conner, known as the Private Money Authority, to break...


business
Hosted by Stephen Lee-Thomas · business · EN
When Real Estate Gets Real is a behind-the-scenes podcast for real estate operators who’ve already closed a deal and discovered that the spreadsheets weren’t the hard part.Hosted by Stephen Lee-Thomas, the show explores what actually changes after the first close—when real money, real investors, and real pressure enter the picture.Each episode goes beyond tactics to unpack the decisions, mistakes, leadership challenges, and personal growth that define the shift from “I did a deal” to “I’m a real operator now.”This podcast is for operators past their first close who want truth over hype, clarity over noise, and systems that support long-term scale.
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Contact path
Verified email
Booking probability
31%
Guest openness
Selective
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Signup to Generate a PitchWhen Real Estate Gets Real is a behind-the-scenes podcast for real estate operators who’ve already closed a deal and discovered that the spreadsheets weren’t the hard part. Hosted by Stephen Lee-Thomas, the show explores what actually changes after the first close, when real money, real investors, and real pressure enter the picture.
When Real Estate Gets Real is hosted by Stephen Lee-Thomas. The show has published 45 episodes to date.
Recent episodes include "Private Money vs. Hard Money: A Better Way to Fund Real Estate Deals with Jay Conner" (18 September 2026, 35 minutes), "From IT to Multifamily Real Estate: How Hugo Macau Is Scaling His Portfolio!" (3 September 2026, 22 minutes), and "How Investors Use HELOCs to Buy More Real Estate with Benjamin Stef" (16 June 2026, 28 minutes).
When Real Estate Gets Real publishes roughly weekly, with episodes averaging 30 minutes across 45 episodes.
Booking probability for When Real Estate Gets Real is 31%, and the host is rated Selective on guests. When Real Estate Gets Real requires a Pod Score of 80 or higher. When Real Estate Gets Real's contact route on record: verified email.
The strongest fits for When Real Estate Gets Real are Real Estate Agents. When Real Estate Gets Real has a business audience.
Stephen Lee-Thomas hosts When Real Estate Gets Real, a business podcast with 45 episodes published.
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The worst time to start raising money for a real estate deal is when you already need the money. In Episode 13 of When Real Estate Gets Real, I sit down with Jay Conner, known as the Private Money Authority, to break...

How do you scale a real estate portfolio while maintaining a full-time career, raising a family, and preparing to take on bigger multifamily deals? In Episode 12 of When Real Estate Gets Real, I sat down with Hugo...

Most homeowners are sitting on untapped equity without realizing it. In this episode of When Real Estate Gets Real, Stephen Lee Thomas sits down with mortgage advisor and investor-focused lender Benjamin Stef to discuss...

What happens when you make millions early… then lose almost everything? In this episode of When Real Estate Gets Real, Stephen Lee Thomas sits down with Lawrence Dunning former MMA fighter turned real estate broker...
Commercial real estate has changed dramatically over the last few years but is today’s market really like 2008? In this episode of When Real Estate Gets Real, Stephen Lee Thomas sits down with Jacob Clopton, founder and...

Most real estate investors start the same way solo, figuring it out, and trying to scale on their own. But what happens when that model stops working? In this episode, Stephen sits down with Jared Mickley, a Marine...

What happens when corporate “security” disappears overnight? In this episode, Stephen Lee Thomas sits down with Mike Deaton, co-founder of Flipping Dirt, to break down his journey from being laid off at Microsoft to...

What happens when you realize you like real estate — but not the part everyone assumes you should be doing? In this episode of When Real Estate Gets Real, Stephen Lee Thomas talks with Will Harvey of Harvey Capital...

In this episode of When Real Estate Gets Real, Stephen Lee Thomas sits down with John Todderud of Cardinal Oak Investments to unpack the reality behind multifamily investing once the deal is done. From managing tenants...
What actually keeps a commercial real estate deal alive when the market turns against you? In this episode of When Real Estate Gets Real, Stephen Lee Thomas sits down with Will Curtis, a commercial real estate broker...
Multifamily investing isn’t what most people think. In this episode, Stephen Lee Thomas sits down with William Liu, a multifamily syndicator and former CMO, to break down what really happens when you step into the role...
The multifamily market has gone through one of the most challenging cycles in decades but are we finally at the bottom? In this episode, Stephen Lee Thomas sits down with Neal Bawa, the “mad scientist of multifamily,”...

In Episode 26 of The Stephen Lee-Thomas Show, we talk multifamily real estate with Dave Dubeau, who has helped countless capital raisers generate millions in committed capital, not by chasing investors, but by...

In Episode 25 of the Stephen Lee-Thomas Show, we talk multifamily real estate with Lon Welsh, who has scaled over $100 million in assets under management. Lon shares his journey from strategy consultant at Deloitte and...

In this solo episode of the Stephen Lee-Thomas Show, I shared 9 powerful lessons that I learned from nearly a decade of apartment investing. If you're just starting out or looking to level up, these actionable insights...

Episode #24
In Episode 24 of the Stephen Lee-Thomas Show, we talk multifamily real estate alternatives with Eddie Speed, who has completed over 50,000 note deals and is a pioneer in the note investing space. Eddie is the founder of...

In Episode 23 of the Stephen Lee-Thomas Show, we talk multifamily real estate with Ginger C. Faith, who has scaled her residential and commercial portfolio over three decades, flipping 57 homes including two featured on...

In this solo episode of the Stephen Lee-Thomas Show, I break down the exact 3-step blueprint to get started in apartment investing, even if you're brand new and still working a full-time job. You'll learn why the first...

In Episode 22 of the Stephen Lee-Thomas Show, we talk multifamily real estate with Janice Greenley, founder of Greenroot Capital, who has scaled her portfolio to 152 units in assets under management. Janice shares her...

Episode #21
In Episode 21 of the Stephen Lee-Thomas Show, we talk multifamily real estate and private lending with Ruben Izgelov, who has scaled his portfolio to over $500 million in assets under management. Ruben shares his...
Recent guests on When Real Estate Gets Real. Study who booked and why before you pitch.
real estate investor, speaker, and author specializing in private money lending, The Conner Marketing Group Inc.
real estate investor, broker, entrepreneur, former derivatives trader, MMA fighter, Dunning Team at Fulton Grace
real estate entrepreneur and coach, Deaton Equity Partners
Professor of Leadership, University of Melbourne
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