REady2Scale - Real Estate Investing: Recent Episodes
Ellie Perlman
Ellie Perlman, a real estate investor, syndicator, & operator, brings you REady2Scale! Now into the ALL NEW 4th Season, this show highlights the assets, processes, and strategies used by some of the most successful investors across the globe. Listen along to steadily increase your real estate investing knowledge, be inspired to drive towards higher goals, and be equipped for scaling your portfolio and business. With REady2Scale, you’ll find like-minds sharing wisdom and passion to help you grow your wealth and live an extraordinary life!
Get ready for a captivating conversation with Neil Bawa, CEO of GroCapitus Investments and Multifamily University. This week we dive into investor's perspectives in today's economy and, more importantly, how the wrong one can be holding some back from opportunity. In addition, Neal unveils some interesting strategies to finding opportunities in today's economy outside of traditional multifamily. Whatever your prefered investment vehicles are, you'll be sure to gain some interesting insights in this episode.
Key Takeaways:
Mindset Matters: The right mindset is crucial for successful real estate investing. Shift from fear to confidence by understanding the market's current dynamics.
Bridge the Buyer-Seller Gap: Recognize that there's always a gap in expectations between buyers and sellers. This gap exists even during market fluctuations.
Embrace Opportunity in Distress: In times of economic uncertainty, distressed assets, like land, can offer significant discounts. Consider investing in illiquid assets when others hesitate.
Patience and Discipline: Real estate investing is a long-term game. Patience, discipline, and a commitment to your strategy are key to achieving financial goals.
Internalize Knowledge: When you learn something valuable, take time to internalize it. Believing in your investment decisions is critical for success.
Learn from the Masters: Study successful investors like Warren Buffett and John Paulson. They faced fear but made informed decisions based on data, not emotions.
Your Opportunity Awaits: Don't wait for a time machine. Seize the present moment. Take Neil Bawa's advice to heart and kickstart your real estate journey with confidence!
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Join us this week for a very creative and innovative approach to yet another passive income stream! Featuring Joseph Woodbury, CEO of Neighbor.Com, this episode delves into strategies for optimizing underutilized spaces in properties, from converting non-performing floors in office buildings to storage, to maximizing returns from excess parking, and everything in between.
Whether you're an everyday passive investor, or an operator faced with challenges in the office sector, this episode offers insights into how individual and smaller real estate investors can enhance their cash-on-cash returns. If you are looking to explore innovative ways to increase your real estate income, this is an episode not to miss.
Key Takeaways:
Optimizing Underutilized Spaces: There's potential in spaces that are often overlooked. For instance, underperforming floors in office buildings, especially the first or second floors that are less desired for leasing, can be converted into storage spaces.
Parking Space Utilization: Excess parking, especially those that remain unused, can be rented out to the community. This provides an avenue for consistent cash flow. Some multifamily providers even hand over all their parking management to third parties to ensure maximum utilization.
Challenges in the Office Sector: The office real estate sector is currently facing challenges, with many spaces, especially in commercial office areas, seeing reduced demand. This presents both challenges and opportunities for investors.
Residential Conversion: While there's talk about converting commercial spaces into residential ones, it's only feasible in specific circumstances. The building's structure and location play a significant role in determining the viability of such conversions.
Alternative Investment Opportunities: Some investors are exploring alternative property investments, such as purchasing lots for vehicle storage, which can offer higher yields compared to traditional real estate investments.
Importance of Loving the Craft: For long-term success and to avoid burnout, it's crucial to be passionate about what you do in the real estate sector. This passion can drive consistent growth and innovation.
Support Systems: Building a robust support system, be it family or community, can provide the necessary energy and motivation to continue in the challenging world of real estate.
Contact Joseph:
Website: www.neighbor.com Email: joseph@neighbor.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
It’s a new season for REady2Scale, so get ready to dive into the multifamily real estate market with a whole new perspective! Join Jeannette, Ellie, and special guest, Ryan Razieleski, as they discuss the NMHC report, rent growth, and how different market segments are shifting. Explore the factors driving this change due to remote work and lifestyle shifts and analyze the potential impact of inflation and climate on real estate. Get hands-on with a property tax assessment scenario and its appeals. Discover how this can influence overall proceeds and the crucial role of broker opinions of value (BOVs). Tune in for valuable insights on investor sentiment and highly effective capital raise methods, offering a deep dive into our Blue Lake multifamily fund—your gateway to investment diversification. This episode equips you with essential knowledge to navigate the multifamily real estate terrain confidently. Don't miss this enriching conversation!
Key Takeaways:
NMHC Report and Rent Trends: The podcast delves into the insights from the NMHC report, highlighting key trends in the multifamily real estate market. This includes a discussion about rent trends and how different market segments are performing.
Remote Work Impact: The podcast explores the potential impact of remote work on the multifamily real estate market. As remote work becomes more common, there is a consideration of how this might influence housing preferences and rental demand.
Inflation and Real Estate: The podcast also touches on the subject of inflation and its effects on real estate. Listeners gain an understanding of how inflation can impact property values, rental income, and investment strategies.
Property Tax Assessment: An interesting scenario is presented regarding property tax assessment. The podcast examines the process of appealing property tax assessments and how changes in these assessments can impact overall investment returns.
Cap Rates and BOVs: Listeners are introduced to important concepts such as Capitalization Rates (Cap Rates) and Broker Opinion of Value (BOV). These concepts play a crucial role in property valuation and investment decision-making.
Diverse Capital Raise Approaches: The podcast provides insights into various approaches for raising capital for real estate investments. This highlights the importance of understanding different strategies to fund property acquisitions.
Market Dynamics and Investor Strategies: Throughout the podcast, there is a focus on understanding current market dynamics. This includes exploring investor strategies that can help navigate challenges and make the most of opportunities in the multifamily real estate market.
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Join us this week with Ellie Perlman, CEO and founder of Blue Lake Capital, as she shares life lessons drawn from her remarkable journey in real estate. From humble beginnings to successful multifamily syndication, Ellie's story is one of resilience, adaptability, and family values. Explore the cyclical nature of real estate, the power of patience, and the profound significance of family. Discover how adversity can fuel growth, and gain insights into investing for impact, and inspiring future generations. Tune in for a dynamic discussion on embracing change, achieving balance, and finding true happiness beyond financial achievements.
10 Key Takeaways:
Embrace Change: Ellie Perlman's experience underscores the impermanence of life and markets. Embracing change and recognizing that "nothing lasts forever" can help alleviate fear and empower better decision-making.
Patience Amid Market Cycles: The cyclical nature of real estate requires patience. Maintaining a long-term perspective and staying resilient during market shifts can lead to better outcomes for investors.
Family's Significance: Ellie's journey highlights the ultimate value of family and relationships. While professional success is fulfilling, true happiness often comes from nurturing close family connections.
Inspiring Future Generations: Investing not only for financial gains but also as a means to inspire and support future generations can create a lasting impact and legacy.
Balancing Business and Personal Life: The podcast underscores the need to find a balance between professional ambitions and personal fulfillment, acknowledging that success is more than financial achievement.
Supporting Diversity: Ellie's story emphasizes the importance of supporting and investing in underrepresented groups, like female entrepreneurs, to drive positive change in society.
Adversity as a Catalyst: Ellie's journey from poverty to success demonstrates how adversity can serve as a catalyst for growth and determination, pushing individuals to strive for better outcomes.
Reflection and Gratitude: Taking time to reflect on one's journey, appreciating milestones, and expressing gratitude for lessons learned contribute to personal and professional growth.
Market Insights: While the podcast focuses on life lessons, it indirectly provides insights into the cyclical nature of the real estate market and the need for adaptable strategies.
Integrating Personal Values: Ellie's journey emphasizes aligning investment choices with personal values, whether it's empowering women or ensuring financial security for future generations.
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dive into the dynamic world of private money lending with Beth Pinkley Johnson, Managing Partner of Flynn Family Lending and Lend to Live Management. Get inspired by Beth’s transformative journey from inadvertent entrepreneur to a thriving figure in private money lending. In this episode you'll learn the pros & cons of private lending, as well as the advantages and complexities of participating in private debt funds. While they allow for scalability, their management involves intricate regulatory considerations and a keen understanding of the lending landscape.
Key Takeaways:
- Strategic Borrower Evaluation: Beth emphasizes the significance of assessing borrowers and projects meticulously. Like investors, borrowers need to demonstrate strong financials and effective exit strategies to navigate unexpected challenges successfully.
- Flexibility and Adaptability: Private lending demands a flexible approach, and borrowers must be equipped to handle unforeseen project complexities. This adaptability is crucial for ensuring the success of real estate ventures.
- Thorough Research and Due Diligence: Regardless of the investment avenue chosen, Beth underscores the importance of thorough research and due diligence. Investors should align their choices with personal goals, risk tolerance, and liquidity requirements.
- Balancing Financial Goals and Life: The podcast delves into the nuanced intersection of financial aspirations and personal fulfillment. Striking a balance between business success and a satisfying life beyond investments is key.
- Insights for Success: Beth's insights on default rates, managing market uncertainties, and informed decision-making provide a roadmap for investors to navigate the dynamic landscape of private money lending.
- Diversification for Mitigating Risk: The concept of diversification emerges as a crucial risk mitigation strategy, both for lenders and investors. It helps spread risk across different loans or investment opportunities.
Contact Beth:
Instagram: @LendtoLive.Beth Website: www.FlynnFamilyLending.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.
To reach Jeannette & her team, email them at info@bluelake-capital.com or visit our website and click "Invest with Us". Learn more about your ad choices. Visit megaphone.fm/adchoices
Explore the deeper side of real estate investing and risk mitigation by learning how sponsors can navigate insurance challenges in today's markets with Aaron Metz, co-founder and C.O.O. of Obie, a venture-backed insurance and risk management technology platform. As a passive investor, you want to ensure that your properties have the right insurance coverage, including replacement cost and loss of business income coverage, to fully comprehend the scope of risk mitigation for your investments.
Learn from Aaron's journey into real estate investing and his transition from law to the multifamily sector. Get advice on finding specialized insurance agents for multifamily properties to improve coverage and understand market pricing with Aaron’s expert insights.
Tune in to REady2Scale for valuable tips on evaluating investments, cherishing what you have, and approaching negotiations with a win-win mindset!
5 Key Takeaways:
Gain insights into how Aaron got started in real estate investing, and the importance of finding a specialized insurance agent for accurate and competitive insurance indications.
Understand the crucial questions passive investors should ask sponsors about insurance coverage, focusing on replacement cost and loss of business income coverage.
Discover essential risk mitigation strategies, especially in the context of more people working from home, to protect properties from potential hazards like kitchen fires.
Contact Aaron: Email: Aaron@obieinsurance.com Website: Obieinsurance.com
Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.
To reach Jeannette & her team, email them at info@bluelake-capital.com or visit our website and click "Invest with Us". Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover the world of financial planning with Ruzanna Queenan, the president of Queen Vest—an independent financial planning company specializing in real estate and biotech investment strategies. Get insider tips on crafting personalized financial strategies, navigating the market, and identifying great investment opportunities.
Learn how to make informed decisions about your financial future and get inspired by Ruzanna's passion for continuous learning. Experience firsthand, unbiased knowledge on finding the right financial planner for you.
This podcast isn't just about money—it's about creating an extraordinary life. Tune in to the REady2Scale series and level up your financial game with Ruzanna Queenan!
5 Key Takeaways:
Finding the right financial planner: Look for a financial planner who specializes in working with clients similar to you and has a passion for what they do. Make sure they focus on your goals and values rather than just talking about money and investments.
Financial planning vs. budgeting: Financial planning involves outlining your vision and aspirations, while budgeting helps you manage your current finances and investment capital. Both are essential for building wealth and financial security.
Industry-specific trends in investments: Different industries may impact how individuals approach their investments. For example, healthcare professionals may need to prioritize paying off student loans, while biotech professionals might have to navigate stock options.
Adjusting to higher interest rates: Be prepared for potential changes in the market due to adjustments in interest rates and inflation. Focus on consistent, long-term investment strategies that align with your goals.
Building an extraordinary life: Develop a positive attitude, self-belief, and a proactive approach to your career and life. Take responsibility for your financial well-being and explore different ways to achieve financial freedom and happiness.
Contact Ruzanna: Instagram: @Ruzanna_Queenan Linkedin: Ruzanna_Queenan Website: queenvestllc.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.
To reach Jeannette & her team, email them at info@bluelake-capital.com or visit our website and click "Invest with Us". Learn more about your ad choices. Visit megaphone.fm/adchoices
What will the impact be for multifamily investors with the upcoming trillion dollars of loans eligible for refinancing in 2025? Listen in as Blue Lake’s CEO, Ellie Perlman, dives headfirst into the potential impact for real estate investors.
Uncover the interplay between record-low interest rates and the ever-growing demand for multifamily housing in this new episode which draws from National Multifamily Housing Council to reveal the truth about the $2.7 trillion in multifamily assets that are primed for refinancing, with $1.2 trillion set to be refinanced by 2025.
In this episode, you’ll learn about balloon payments and options available to you as loan terms come to an end. Learn how sponsors determine whether to sell an asset or explore new lender opportunities. With trillions of dollars in loan proceeds set to flood the market, there are endless financial possibilities, so it's essential to be cautious as an investor how these decisions are made.
Follow along as Ellie highlights the relationship between interest rates and market demand, guiding investors to make wise choices in promising markets and align with industry leaders for potential success. There are plenty of opportunities for both borrowers and investors in the multifamily market, and this episode will explain why.
6 Key Takeaways:
There is a significant wave of refinancing in the multifamily housing market, with approximately $1 trillion of loans expected to be refinanced by the end of 2025. This presents both opportunities and challenges for investors and borrowers.
As a result of the large amount of loan proceeds that will be returned to lenders, there will be increased liquidity in the market. This can make it easier for investors to access new loans and provide opportunities for buying and selling properties.
Lenders will become more selective in choosing borrowers and assets to lend to. They will likely favor borrowers with strong financials and a track record of success. Investors should focus on investing in strong markets and partnering with reputable sponsors to increase their chances of securing favorable terms.
Interest rates may rise as lenders become more selective, so investors need to carefully evaluate the potential returns and risks associated with their investments.
Smaller operators and borrowers may face challenges in obtaining favorable terms due to increased competition from more established firms. It is important for borrowers to maintain a strong financial position and track record to stand out to lenders.
Investors should exercise patience and carefully evaluate investment opportunities. It is crucial to wait for the right deals with the right sponsors rather than rushing into any investment.
Overall, the episode provides insights into the impact of the refinancing wave on the multifamily housing market and offers guidance for investors and borrowers to navigate the changing landscape effectively.
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form here and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover the keys to building innovative teams and successful real estate projects in this engaging podcast interview with Antonia Botero, Principal Architect and Founder of Mad Project. Gain insights from her vast experience in architecture, urban design, and project management as she shares the importance of understanding project needs and assembling teams accordingly.
Antonia delves into the world of design in real estate development. Hear her thoughts on the significance of thoughtful design, balancing sustainability and profitability, and embracing incremental improvements. Discover how understanding the people behind the work contributes to successful projects and client satisfaction.
In addition to urban design, Antonia's hiring advice is invaluable as she discusses the significance of recommendations from trusted professionals and qualities like urgency, manners, and emotional maturity that cannot be taught. Explore her perspective on preventing burnout by prioritizing relationships, health, and personal lives within a fully remote team. Discover how fostering an open and supportive culture leads to happier and more productive teams.
Don't miss this opportunity to gain actionable insights from Antonia Botero's expertise in project management, urban design, and team building. Tune in to this podcast interview for a wealth of knowledge that will elevate your understanding of building innovative teams and creating impactful projects.
Key Takeaways:
• Understanding project needs: Building successful teams involves understanding the specific needs of each project and assembling the team accordingly. This includes identifying the necessary skills, qualities, and expertise required for the project's success. • Deferring to expertise: Recognizing the expertise of team members and deferring to their professional experience and recommendations leads to better project decision-making. • Clear expectations and scopes: Setting clear expectations and scopes for each team member is essential to avoid misunderstandings and ensure everyone is on the same page. Clearly defining roles, responsibilities, and project objectives helps the team work cohesively towards a common goal. • Hiring based on recommendations and qualities: Seeking recommendations from trusted professionals and assessing qualities that cannot be taught, such as urgency, manners, and emotional maturity, can help identify top performers during the hiring process. • Preventing burnout: Preventing burnout among team members involves prioritizing relationships, health, and personal lives. Creating a supportive and open culture where team members can openly communicate personal challenges or issues fosters a healthier work environment. Recognizing the full humanity of team members and keeping promises regarding work and quality are vital in preventing burnout. • Incremental improvements and design considerations: In the field of design and real estate development, incremental improvements in building technologies, materials, and energy efficiency can have a significant long-term impact. Balancing sustainability and profitability is crucial, and there is a growing movement towards more meaningful and environmentally conscious design. Understanding the importance of thoughtful design in creating successful projects is key. • Collaboration and teamwork: Emphasizing teamwork, acknowledging the importance of each team member, and creating a supportive and open environment are crucial for project success.
Contact Antonia
Twitter: @antonia_mdprjct Website: www.maddproject.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.
To reach Jeannette & her team, email them at info@bluelake-capital.com or visit our website and click "Invest with Us" on the center of the homepage. Learn more about your ad choices. Visit megaphone.fm/adchoices
Discover valuable insights for navigating the real estate market in this episode of REady2Scale. Join us as we dive deep with Henry Stimler, the Executive Managing Director at Newmark, a leading real estate transaction advisory firm. Listen into this captivating discussion to learn far more about deal structures, interest rates, debt structure impact, and lucrative investment opportunities across different markets.
Henry shares expert advice on choosing between bridge loans and fixed-rate finance, urging listeners to opt for long-term fixed-rate finance in today's market conditions. Gain a deeper understanding of how focusing on property fundamentals and efficient management can drive substantial value.
In this episode, we uncover the truth about transaction volume and multifamily project financing. Discover how government-backed programs like Freddie Mac and Fannie Mae debunk the myth of limited funding options, offering a surplus of money for investment opportunities, albeit with tightened borrower qualifications.
In addition, Henry shares some insightful predictions on interest rates and insights into market volatility. Hear his thoughts on the Federal Reserve's actions, potential rate hikes, and the challenges faced when securing properties at favorable rates. Learn how effective communication, tenancy retention, and building the right relationships can help overcome obstacles faced by groups with bridge loans coming due.
Throughout this episode you'll learn the importance of property fundamentals, operational efficiency, and suitable financing options. If you're an investor seeking success in the dynamic world of real estate, this is an episode you don't want to miss!
Key Lessons from the Podcast:
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Choose deals that offer long-term fixed-rate financing over bridge loans due to current market conditions for stability and upfront cost knowledge.
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Focus on property fundamentals, net operating income (NOI), and efficient operations to ensure your real estate investments are driving value.
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Interest rates and cap rates are interconnected; low interest rates result in tighter cap rates, while rising interest rates lead to increased cap rates and property value changes.
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Government-backed programs like Freddie Mac and Fannie Mae offer surplus funding for multifamily projects and remain reliable sources of financing.
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Proactive communication with lenders and building strong relationships is essential in navigating market volatility and securing favorable property rates.
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Despite challenges, there are ample investment opportunities in the real estate market, particularly in markets where sponsors are struggling with variable floating rates.
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Thorough research is crucial for identifying markets with sustainable rent increases and overlooked investment opportunities.
Successful navigation of the real estate market requires understanding deal structures, considering interest rates and debt structures, and exploring opportunities in the right markets. Property fundamentals, efficient management, and effective communication with lenders and partners are key to success, and ultimately create the "win" investors need in deal structure to succeed.
How to Contact Henry:
LinkedIn: https://www.linkedin.com/in/henrystimler/
Email: henry.stimler@nmrk.com
Website: https://www.nmrk.com/
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com.
To reach Jeannette & her team, email them at info@bluelake-capital.com or complete our investor form at https://www.bluelake-capital.com/invest-with-us and they'll connect with you.
If you'd like to be on our podcast, visit https://www.bluelake-capital.com/podcast and click the link to submit a guest. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode of the Ready to Scale podcast, host Ellie Perlman provides valuable insights into the current state of the multifamily real estate market. As the owner and operator of Blue Lake Capital, a company specializing in value-add multifamily properties, Ellie shares her observations and experiences from the first six months of 2023.
Ellie discusses the recent increase in deal volume in the acquisition sector, with many attractive loan assumptions available to buyers. Sellers have adjusted their expectations, leading to a rise in deal flow and a significant increase in Broker Opinion of Value (BOV) volumes. While some institutions are reevaluating their strategies, those engaging in transactions are driven by the need to deploy capital or fulfill investor redemption requests. Off-market transactions have decreased, indicating a shift towards more open-market deals. Sellers and brokers now prioritize vetting sponsors for their credibility and ability to execute, rather than solely focusing on the highest bid. Cap rates have experienced a slight uptick, ranging from 4.5% to 5.5%, influenced by rising interest rates and conservative lending practices. Tune in to this episode to gain a comprehensive understanding of the multifamily market's current landscape and the factors shaping its dynamics in the second half of 2023. Please note that the information shared is based on Ellie Perlman's perspective and should not be considered official investment advice. 6 Key Takeaways: 1. Increase in deal volume: The acquisition side of the multifamily market has experienced a significant increase in deal volume in recent weeks. This suggests a growing interest in multifamily assets. 2. Attractive loan assumptions: Many deals are being offered with attractive loan assumptions, such as low fixed interest rates for extended periods. This makes these deals more appealing to potential buyers. 3. Realistic expectations from sellers: Sellers have adjusted their expectations on asset values, leading to more realistic pricing. This shift has resulted in a higher volume of deals and increased market activity. 4. Importance of vetting sponsors: Sellers and brokers are placing greater emphasis on vetting potential buyers earlier in the process. This is due to previous instances of deals falling through, leading to a focus on selecting reliable and committed buyers. 5. Cap rate fluctuations: Cap rates have slightly increased, ranging from 4.5% to 5.5%. Rising interest rates and conservative lending practices are influencing this trend. 6. Institutional activity and investor considerations: Many institutions are currently recalibrating their strategies, while others are driven by the need to deploy capital or fulfill investor redemption requests. This influences the volume of assets being sold in the market. These key takeaways provide insights into the multifamily real estate market, including deal volume, loan assumptions, seller expectations, vetting processes, cap rates, location considerations, market competitiveness, transaction types, and institutional activity. Listeners gain a comprehensive understanding of the current landscape and factors shaping the multifamily market in 2023. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. To reach Ellie & her team, email them at info@bluelake-capital.com or complete our investor form at https://www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
We’re excited to bring you our deep-dive interview with Thomas Foley, the CEO of Archer, and Blue Lake Capital’s own Director of Acquisitions (West Coast), Tim Nguyen. In this discussion, we'll unpack how technology and Artificial Intelligence (AI) are revolutionizing multifamily investing and enhancing the underwriting process. However, not all AI solutions are created equal. Thomas will delve into the nuances of differentiating quality AI products from the hyped-up contenders. The key lies in the uniqueness and accuracy of the dataset utilized, he notes. Underwriting, which involves projecting an investment's performance from acquisition to sale, is crucial in the investment process. Thomas and his team at Archer have optimized this process by automating traditionally manual tasks like data extraction from financial statements, providing accurate results more rapidly than ever. We'll also explore how Archer accelerates underwriting through automated calculations and comparisons, enabling investors to analyze more deals in a shorter span of time. But it's not just about quantity. Thomas emphasizes the importance of neighborhood analysis, weighing factors like crime scores, school quality, and employment rates. Furthermore, Archer's platform stands out in its ability to allow for customized investment strategies, helping to refine investment options and identify suitable markets and properties. Their innovative tools such as the Investment Strategy Builder and the Rapid Screener save time and boost efficiency, streamlining the acquisition process. We'll discuss how Archer's AI capabilities supercharge real estate teams' productivity, automating tasks like rent roll and financial statement parsing. By integrating multiple data sets, Archer's platform provides a comprehensive informational hub for market analysis and deal evaluation. Key Takeaways:
Utilizing AI and Technology: The application of AI in real estate, particularly in multifamily investing, is revolutionizing the industry by enhancing data quality, increasing efficiency, and refining investment strategies. Adopting these technological advancements can significantly increase competitiveness and improve investment decision-making.
Enhancing Underwriting with AI: AI can significantly accelerate and enhance the underwriting process. By automating calculations, comparisons, and data extraction from financial statements, AI tools like Archer allow investors to analyze more deals faster, saving time and increasing productivity.
Balancing Human Decision-Making with AI: Despite the increasing influence of technology, human decision-making remains critical in real estate investing. AI and technology should be viewed as tools that supplement, not replace, human judgement. Their main purpose is to free up time by automating tasks and improving efficiency, allowing investors to focus on the more qualitative aspects of deal evaluation.
Continuous Collaboration and Feedback: The ongoing dialogue between real estate professionals and technology providers is vital to refine and enhance the effectiveness of AI tools. Open lines of communication and continual feedback loops ensure that the technology stays aligned with industry needs and evolves with changing market trends.
Contact Thomas: Website: https://www.archer.re/ LinkedIn: https://www.linkedin.com/in/thomassfoley/ Participate in the Archer Tech Survey: https://www.surveymonkey.com/r/YPRRG5N Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com. To reach Jeannette & her team, email them at info@bluelake-capital.com or complete our investor form at https://www.bluelake-capital.com/new-investor-form and they'll connect with you. Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode we have a true legend in the New York real estate scene, Bob Knakal, joining us. Bob is a senior managing director at JLL, where he leads the New York private capital group. As the chairman and founding partner of Massey Knakal Realty Services, he has personally brokered over 2,000 buildings, amassing an incredible $18 billion in sales.
In this engaging interview, Bob takes us on a journey through his remarkable career and shares the invaluable lessons he has learned along the way. From his early days at Coldwell Banker to the founding of Massey Knakal Realty Services, Bob's trajectory in the industry is a testament to his unwavering dedication and unmatched expertise.
In this episode, we delve into Bob's strategies for success, unveiling his unique geographical framing approach that catapulted Massey Knakal Realty Services to unparalleled heights. By assigning a dedicated broker to each neighborhood, they meticulously canvassed every block, fostering relationships and uncovering opportunities that others missed. Explore the evolution of this strategy in the modern era, as Bob delves into the importance of product specialization in today's data-rich real estate environment.
With his finger on the pulse of the New York market, Bob provides insights into its current state. He addresses the cyclical nature of the industry, highlighting key turning points and market corrections over the years. Gain a deeper understanding of market statistics, deciphering their significance, and making informed decisions in uncertain times. Bob's expertise shines as he discusses potential opportunities and challenges on the horizon.
Delving into the multifamily sector, Bob shares his insights on navigating the impact of rent control policies. Despite the constraints, he unveils strategies for creating successful returns and unlocking opportunities in this demanding market. His practical advice is a treasure trove for both seasoned professionals and aspiring investors. His candid reflections on weathering storms, seizing opportunities, and emerging stronger in the real estate industry are both enlightening and inspiring. Bob's wealth of experience and expertise make this episode a must-listen for anyone looking to learn the best lessons straight from the New York real estate market.
Key Takeaways:
Discover the power of a geographical framing approach and how it fueled the success of Massey Knakal Realty Services.
Understand the shift from geographical specialization to product specialization in the modern real estate landscape.
Gain insights into the cyclical nature of the real estate market and learn how to make informed decisions based on market statistics.
Uncover strategies for navigating the challenges and opportunities of multifamily investing, including the impact of rent control policies.
Learn from Bob Knakal's firsthand experiences and apply his lessons to your own real estate ventures.
Contact Bob:
Linkedin: https://www.linkedin.com/in/bobknakal/
Twitter: BobKnakal
Blog: knakalstreetwise.wordpress.com/
The New York Observer: observer.com/term/robert-knakal
Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com. To reach Jeannette & her team, email them at info@bluelake-capital.com or complete our investor form at https://www.bluelake-capital.com/new-investor-form and they'll connect with you. If you'd like to be on our podcast, visit https://www.bluelake-capital.com/podcast and click the link to submit a guest. Learn more about your ad choices. Visit megaphone.fm/adchoices
Imagine a world where tenants are seen as more than just rent-paying individuals and real estate goes beyond the typical investment mindset. Jake Clopton, is the president of Clopton Capital, a leading commercial mortgage brokerage firm. He joined us to share some of his insights and practical tips, offering a fresh perspective on achieving success in the dynamic world of real estate. With over 15 years of experience, Jake has honed his expertise and developed innovative strategies that have propelled his success in real estate. He brings a unique perspective on the evolving dynamics of the market and he highlights several key trends and strategies for success. He sheds light on the impact of changing interest rates and inflation on the real estate financing landscape. While there is volatility and uncertainty, the overall economy remains strong, with low unemployment and robust demand for housing. However, the cost of capital has increased, which may lead to a decrease in new property deliveries. The banking sector has experienced challenges, such as lower liquidity and increased regulations. Clopton mentioned that some banks are more hesitant to provide new loans, and private lending has gained traction as a result. How can sponsors and investors overcome the hurdles of the current market conditions? One approach is to consider assumable loans with favorable interest rates from the previous low-rate environment. However, these loans often come with lower leverage and may be limited to agency loans. Another strategy is to explore creative solutions, such as syndicating deals with class share equity that focuses on a coupon rather than upside potential. Regardless of your strategy, it's crucial to adapt to changing market dynamics and explore innovative strategies. In Jake's case that's meant shifting to a business mindset, understanding the challenges in the banking sector, and leveraging private lending opportunities. Key Takeaways: Shift from Investment to Business Mindset:
Viewing real estate as a business, rather than just an investment, allows for a different perspective.
Treating tenants as customers fosters better relationships and enhances long-term success.
Challenges in the Banking Sector:
Lower liquidity and uncertainty in the banking sector have led to more cautious lending practices.
Some banks have chosen to halt lending for commercial properties due to market conditions and regulatory concerns.
Compensating balances have become more common, indicating liquidity constraints in certain institutions.
Rise of Private Lending:
Private lending is becoming increasingly active, especially for B notes in higher cap tax pieces.
Private equity firms and family offices have more flexibility in taking risks compared to investment advisors managing external funds.
Higher regulations may push more deals into the private lending sector.
Contact Jake: Website: https://cloptoncapital.com/ Linkedin: Jake Clopton Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level visit www.bluelake-capital.com. To reach Jeannette & her team, email them at info@bluelake-capital.com or complete our investor form at https://www.bluelake-capital.com/new-investor-form and they'll connect with you. If you'd like to be on our podcast, visit https://www.bluelake-capital.com/podcast and click the link to submit a guest. Learn more about your ad choices. Visit megaphone.fm/adchoices
Andy Sinclair likes to say that if you lived in the Midwest from May through October, it would be the best place you've ever lived. For the CEO of Midloch Investment Partners, the Midwest is the Mid-Best. Andy is an accomplished real estate investment professional whose experience spans real estate private equity investments and institutional brokerage. He has invested and participated in approximately $2.0 billion in real estate transactions. Andy considers himself a value investor with an appreciation for growth-oriented investing. He believes that people, management teams, and the right locations are the heartbeat of real estate. While the Midwest may not have the buzz of the Sun Belt or Southwest, the region has a lot to offer, including solid job fundamentals, a workforce with strong work ethic, good underlying growth and, perhaps most importantly, better valuations. One of the most unique things about Midloch is that they tend to look for deals in the $5 million to $50 million range, too small for most large competitors but small enough that just about any group can participate, and there are good deals to be had. With a deep expertise in the region, Midloch has built strong partnerships that bring value to every deal. Key Takeaways:
Find people that want to help you grow. If it’s a GP that teaches you how to be an investor or an operator that can help you improve, get exposure to all parts of real estate and find a mentor.
Find the right partners. Look for alignment of goals & business plans and share a vision.
The most important thing to look for in a partner is operational experience; can your partners operate effectively?
Don't wait until it's too late to enjoy life. When you get a bonus or a windfall, take a big chunk of the money and do something for yourself that you've always wanted to do.
How to contact Andy: Website: www.Midloch.com Email: andy@midloch.com
Are you REady2Scale Your Multifamily Investments?
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Krystle (Moore) Simpson and Kenny Simpson are a power couple with 30+ years of combined real estate experience. They’ve founded, owned, operated, and sold multiple companies (including a property management business with 1000+ doors and one financing company). They grew their personal portfolio from $35k to multiple millions and have rehabbed hundreds of units in the process. Amidst it all, they are personal development junkies who love to stay fit and spend time with their two daughters, Harlo and Harper. On this episode of Ready2Scale, they share some of their valuable experience and advice with us. It's an episode you won't want to miss. Key Takeaways:
Sellers are starting to get more realistic in the market and prices are starting to come down.
Buyer sentiment has shifted and deals are getting done now. Now is the time to write an “insulting” offer.
The numbers don’t lie. Know your numbers, know your budget. If it fits in your model, buy the deal!
This is the time to really get focused. This market will be a big land grab for a lot of people.
Stay on top of your game and keep moving the needle. When business comes back the people that stayed on top of the game will benefit the most.
Invest With Blue Lake Capital If you are interested in learning more about passively investing in multifamily properties, click here to schedule a call with the Blue Lake Capital Team or contact us at info@bluelake-capital.com. About Ellie Perlman Ellie is the founder of Blue Lake Capital, a commercial real estate investment firm specializing in multifamily investing throughout the United States. At Blue Lake Capital, Ellie partners with both institutional and individual investors to grow their wealth by achieving double-digit returns by investing alongside her in exclusive multifamily deals they usually don't have access to. A defining factor of Blue Lake Capital’s strategy is founded in utilizing machine learning/artificial intelligence throughout the course of all acquisitions and asset management. This advanced technology enables the company to produce accurate and data-driven forecasting for all assets on a market, property, and even tenant basis. In doing so, Blue Lake is able to lead commercial investments with the full capabilities of today’s technology. Ellie is the host of REady2Scale, a podcast that highlights the assets, processes, and strategies for the multiple approaches to successful real estate investing. She started her career as a commercial real estate lawyer, leading real estate transactions for one of Israel’s leading development companies. Later, as a property manager for Israel’s largest energy company, she oversaw properties worth over $100MM. Additionally, Ellie is an experienced entrepreneur who helped build and scale companies by improving their business operations. Ellie holds a Masters in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management. You can read more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Blue Lake Capital's CEO, Ellie Perlman, gives an inside look at what we're seeing in multifamily real estate markets today. This episode includes: How we're handling interest rates, underwriting and creative deal structures in today's environment. Ellie also took a number of questions from viewers and discussed our newest acquisition.
Invest With Blue Lake Capital
If you are interested in learning more about passively investing in multifamily properties, click here to schedule a call with the Blue Lake Capital Team or contact us at info@bluelake-capital.com.
About Ellie
Ellie Perlman is the founder of Blue Lake Capital, a commercial real estate investment firm specializing in multifamily investing throughout the United States. At Blue Lake Capital, Ellie partners with both institutional and individual investors to grow their wealth by achieving double-digit returns by investing alongside her in exclusive multifamily deals they usually don't have access to.
A defining factor of Blue Lake Capital’s strategy is founded in utilizing machine learning/artificial intelligence throughout the course of all acquisitions and asset management. This advanced technology enables the company to produce accurate and data-driven forecasting for all assets on a market, property, and even tenant basis. In doing so, Blue Lake is able to lead commercial investments with the full capabilities of today’s technology.
Ellie is the host of REady2Scale, a podcast that highlights the assets, processes, and strategies for the multiple approaches to successful real estate investing.
She started her career as a commercial real estate lawyer, leading real estate transactions for one of Israel’s leading development companies. Later, as a property manager for Israel’s largest energy company, she oversaw properties worth over $100MM. Additionally, Ellie is an experienced entrepreneur who helped build and scale companies by improving their business operations.
Ellie holds a Masters in Law from Bar-Ilan University in Israel and an MBA from MIT Sloan School of Management.
You can read more about Blue Lake Capital and Ellie Perlman at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Alexander Miner is a recent addition to the team at Blue Lake Capital as our Director of Business Development. Alexander shares some of the exciting expansion plans ahead for Blue Lake Capital - the opening of a West Coast Headquarters in Los Angeles as well as the expansion of our product portfolio. He also offers some tips for building a strong professional network. Key Takeaway: patience and authenticity are key for building lasting relationships. Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level with Blue Lake Capital at www.bluelake-capital.com.
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Matt Picheny didn't take the most traditional route to multifamily investing. His career began on the stage when he moved from Orlando to New York to pursue a full time career in acting. As fate would have it, the dot-com crash pushed Matt into his first real estate deal, one that ultimately had a very good return for him. Fast forward to today, and Matt is a successful investor and operator of thousands of apartment units and the author of the Backstage Guide to Real Estate. We were fortunate to have Matt on to share his story, his keys to success and what he thinks about investing in current markets. Key Takeaways:
Being able to manage people, budgets and timelines is a skill that works across any industry, whether it's theater or real estate or digital marketing,
It's really good for the bottom line to keep your tenants happy and keep them in place.
Taking a pragmatic approach to investing is important, but people have been underwriting in a prudent manner things will be fine.
Cash flow is king. If you have good cash flow you'll be able to ride out the inevitable dips in the market because the market is cyclical. As long as you can make your debt service payment and have a some cushion, in the long term you'll end up in really good place.
How to Contact Matt: Connect with Matt through his website, www.picheny.com.
Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level with Blue Lake Capital at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s guest brings a unique perspective to two industries that have generated a lot of buzz over the past couple of years – real estate and supply chain. Jeff Davis is the Managing Partner of Bridgestone Holdings, LLC. When he began his career in real estate in 2015, he simultaneously held a position as a global sales executive for a Fortune 200 logistics company. Jeff shares his story of how he used commission checks from his corporate career to fund a move into real estate, then how his journey took him from single family investing into multifamily. Plus, he gives some unique insights into the logistics industry and how he has been able to apply his supply chain skills to real estate.
Key Takeaways: Time management & selecting the right team are critical. If you find that a certain market segment isn’t a fit for you, don’t be afraid to make a change, just focus on your goals. Plus, it never hurts to have a circle of support, especially with friends who are experiencing a lot of similar growing pains that you can lean into for complimentary strengths, enforce positivity and learn together. For more on Jeff, visit his website, www.bridgestoneinvest.com/
How to follow Ellie: Facebook: @ElliePerlmanRealEstate Twitter: @PerlmanEllie
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
The economy today is different from just 3 or 6 months ago and there are different factors that you'll want to look for in deals in today's economic climate that you didn't necessarily need to look for before. Take a look at how we're evaluating deals at Blue Lake Capital and why we still feel that multifamily real estate is a great investment, even (and maybe especially) now . Key Takeaway: We feel that we're already in a recession, but investing in multifamily real estate can help preserve capital and hedge against the inflationary market we're in right now. Now is still a great time to invest; get back to basics (like location) and take advantage of the 100% bonus depreciation while you can. That's why we're so excited to also announce our newest acquisition, the Stonebrook Portfolio.
Invest with Blue Lake Capital If you'd like to. learn more about growing your wealth, strengthening your portfolio, and scaling to the next level with us, please visit www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
When you're considering renovations to your property, it's incredibly important to select strong, experienced vendors to help you through the process. James Sirmans of Gage Multifamily Services in Austin, TX joined us to discuss some of the things you'll need to consider before starting your next renovation project. What amenities will tenants want? What technology should you put in your building? Most of all, what improvements can help maximize your ROI and how can you avoid extra costs or pitfalls? Key Takeaways: As always, planning, communication and flexibility are the keys. Start with developing a strong plan; you have to have a vision for what you want to do and how to execute. Communicate early and often around your expectations and, if the original expectations can't be met, be able to move to plan B. (Then plans C - G.) While changes can be frustrating, it's all about executing on your business plan and getting units online so you can collect your revenue. For more on Gage Multifamily, visit: https://gagemultifamily.com/ Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at https://www.bluelake-capital.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
When is the next deal coming?
This is a question I get a lot from our investors, so I wanted to share our view on how the current economy is affecting real estate deal flow.
We all know that, right now, interest rates and rents are going up across the country, but what’s the impact been on acquisitions? In terms of the deal flow specifically, there’s been a slow down over the past few months since the Fed declared their intention of increasing rates.
Is multifamily still a very strong asset class to invest in? Absolutely. Is it a “bulletproof” asset in a recession? There's no such thing. While you can’t say it’s “recession proof”, it is more “recession resistant”. We take a look at the impact the current economy is having on real estate deal flow in the multifamily space and how you can still be successful in this market.
For more, visit: https://www.bluelake-capital.com/
𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:
• Overall, there's been a slowdown of deals, but prices are generally stable and we are seeing more off-market deals. • Developing strong relationships and a strong brand are keys to keeping your deals active and filling your funnel. • Returns are not what they were before; that's partially because the loan to value is lower and you need more equity to close deals. • The main thing is to adjust expectations and understand that, while returns may not be as high as they were before, they’ll still be solid. • Operationally, it’s important to understand not only the strength of multifamily as an asset class but also the forces that impacting your yields. If it’s financing and pricing, you should know up front. If it’s increasing expenses because of inflation, then you should be able to make adjustments in your operations; it’s different from how things were six months ago.
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at https://www.bluelake-capital.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices
This week's guest explores how changes in population may impact the overall housing market and also helps dispel some popular "urban myths" that many consider factual. He also believes that a lack of single-family and multi-family construction will keep the market healthy for investors and, while we may see a correction with rising rates, a full blown housing crash looks unlikely. Mark Hickey is the founder of 4M Rentals. He previously held roles as Economist/Director of Market Analytics for CoStar Group and was a Senior Financial Analyst for Winn Companies. Mark began his career as a fund accountant with Brown Brothers Harriman and JP Morgan Chase. Mark holds an MBA in real estate from Boston College and a BS in finance and economics from Syracuse University.
Key Takeaway:
While a flattening/modest decrease in home prices is likely, don't expect a full blown housing crash. A lack of construction in single-family & multi-family will keep the market healthy for both types of investors but it will be harder for most investors to realize high returns like the ones we saw from 2011-2019.
How to Contact Mark:
Mark can be reached via email at Mark.ohlcidhe@yahoo.com or Mark.ohlcidhe@gmail.com.
To review Mark's slides from today's discussion, please visit: https://youtu.be/mPElikMNbxM
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at https://www.bluelake-capital.com/ . Learn more about your ad choices. Visit megaphone.fm/adchoices
While we don't have definitive acknowledgement that the economy has entered a recession, there's no doubt that rising interest rates and quantitative tightening are top of mind for investors everywhere. Ellie Perlman provides her perspective on the current conditions. What does it all mean for real estate investors and how should you ride out the short term challenges?
Key Takeaway: The key during a potential recession is to stay disciplined. Stick to the investment principles that you've built your long term strategy on. Whether or not we're in a recession, people tend to be reactive and change their mindsets, if you stick to your plan you can weather and potentially profit from the current environment.
How to follow Ellie: Facebook: @ElliePerlmanRealEstate Twitter: @PerlmanEllie
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Smart investors can see hockey stick growth in their returns if they can learn to build strong, productive relationships and use technology to offload day to day tasks cost valuable time. This week's guest, Gualter Amarelo, is living proof of that. Now, the CEO of Alchemist Nation is rallying 100 millionaires to help create more millionaires. Gualter shares his mindset on focusing on building a productive network, why he's not afraid to burn bridges in relationships that don't help move towards his goals, and how he learned the hard way to have technology work for him to create more of his most valuable asset - time. Gualter Amarelo is the author of the book "Broke to a Quarter Million", as well as the creator of numerous life-changing trainings on wealth and mindset. He earned $3 million through his businesses – nearly half a million simply by using his own real-world experiences to help hundreds of students create high levels of success in their own lives.
Key Takeaway:
Focus on your strengths, and don't try to do everything. Find experienced partners who are strong operators and continually evaluate your closes relationships. Finally, put technology to work for you to automate regular communication and day to day tasks, freeing you to build an even stronger network.
How to Contact Gualter:
https://alchemistnation.com/ https://www.facebook.com/gualter.amarelo
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Short term rentals are one of the hottest areas in real estate investing and, after speaking with this week’s guest, it’s easy to see why. Alex Jarbo is the Founder and CEO of Sargon Investments; a short term rental/hospitality business based in Asheville, North Carolina that has a goal of developing 650 cabins in the next 2-3 years. Alex is the host of the YouTube channel Alex Builds, where he teaches the ins and outs of short term rental development and management and he’s about to launch a new course aimed at helping other potential investors learn from his experiences. Prior to his real estate career, Alex served in the US Marine Corps for 4.5 years. Alex shares his experiences in short term rentals & hospitality and how he operates each of his properties like a business. His strategy of developing unique properties comes from a strong focus on his guests; he has a deep understanding of what makes his market unique and how he makes his properties “Instagrammable”; thinking about the guest experience to help amplify his marketing efforts. He also discusses how he was able to navigate supply chain issues while building new properties, the importance of relationships to create offline opportunities (outside of online travel agents), and he even shares a story of how he was able to work with AirBNB to remove a fabricated complaint that temporarily removed his Super Host status.
Key Takeaway:
When thinking about the short term rental market, focus on the uniqueness of your property, knowledge of the local market and building strong relationships to help boost the performance of your properties. Move beyond a “set it and forget it” approach that relies on just AirBNB or VRBO as your only sales channel and focus on creating a unique experience for your guests to boost year-round cash flow and help your properties stand out from the competition.
How to Contact Alex:
Company Website: www.estesgandhi.com Personal Website: www.alexjarbo.com LinkedIn: www.linkedin.com/in/alex-jarbo-28a940139/ YouTube: www.youtube.com/AlexBuilds1
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
There are a lot of external factors at play in the market, but this week we're taking a look at the internal. Listen in on this insightful conversation with Dr. John Burkhardt, both a Behavioral Economist and Neuroscientist, to learn what driving factors are often at work in our investing decisions, and whether these are necessarily working for or against our overall financial strategy.
Key Takeaway:
Recognizing subconscious influences on your investing decisions is important, as relying on our natural reactions aren't always the most pragmatic approaches for achieving financial goals.
How to Contact John:
Website: https://www.capitaneuro.com Email: jburkhardt@capitaneuro.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
In celebration of our 300th episode of REady2Scale, we thought it would be important to remember and reflect on how it all started with the bold efforts of our Founder, Ellie Perlman. While you may be somewhat familiar with her story, it’s much more impactful to hear it in her own words. Listen in to learn the powerful story of why establishing Blue Lake Capital was so personal to her, and how creating a real estate investing empire really can transform lives for anyone that applies themselves to it.
Key Takeaway:
Your dreams can become goals, and goals can be achieved. The key is to believe in yourself, build the right team of people around you, and be willing to work very hard and with dedication.
Are you REady2Scale Your Multifamily Investments? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
If you don't enjoy "leaving money on the table", then this might be an episode you'll want to tune into! Listen in to learn what mistakes are often made by investors when it comes to managing their property taxes and why the idea of "I have someone that takes care of that" might not serve your interest quite as well as you'd think. Our guest, Joshua Estes, is here to share great wisdom and tips on maximizing the savings you can capture on your property tax, and how just a little improvement in the process can make a big difference at the end of the day.
Key Takeaway:
Property tax is unavoidable, but it should be fair and equal across the board. By understanding the process and factors that can impact it, you can ensure you're not overpaying and maximizing your overall ROI.
How to Contact Josh:
Company Website: www.estesgandhi.com LinkedIn: www.linkedin.com/in/joshestes
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ellie Perlman is back this week with a special episode to update you on the current State of the Market in multifamily investing. Listen in to learn what changes have swiftly taken place within the industry, what the potential implications and impacts are to everything from deal flow to returns, and why you can still seize this season for continued investment opportunities with confidence!
Key Takeaway:
While the multifamily market is shifting along with the rest of the economy, there are still good deals to be found and money to be made, as long as you're cautious and diligent in your investment strategy.
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
There are always challenges in real estate, and in today's economy, they are some interesting ones, indeed. Listen in to learn what trends and unique circumstances developers are facing, and how they are creatively pivoting in real time as they arise. Whether it is land permitting and zoning, supply chain, hiring, or restructuring business strategies, there are many ways to push forward in spite of it all. Listen in to learn what is happening behind the scenes, and where and how developers are likely to go from here!
Key Takeaway:
It's a unique time in our economy, and while there are many challenges, they are not impossible to overcome and navigate through. Being innovative, pragmatic, and mindful of market conditions is the key to pushing to through!
How to Contact Will:
Website: www.wginc.com Email: will.schnier@wginc.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
There are some changes coming for how K1 losses, a highly favored tax strategy for the majority of passive investors, can be utilized beginning in 2023. Listen in to learn what these changes are, why they've come about, and most importantly, how you can position yourselves ahead of time to maximize your tax savings.
Key Takeaway:
Partnering passive income streams with passive income losses is highly important in growing your wealth and creating effective investment strategies.
How to Contact Larry:
Website: www.pb-strategies.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Everyone's journey into real estate investing is unique, and not all who stumble into it do so with an intense desire to be a fulltime real estate investor. But admittedly, "drinking the kool aid" seems to creep up in time, as the power of investing for wealth building becomes more evident with time and experience. Passive income is the key for building wealth, and today's guest is here to share how you can shift your investments from a side gig to your full focus business. Listen in to learn great tips for creating multiple income streams, achieving your financial goals in faster time, and capturing the lifestyle you want sooner rather than later!
Key Takeaway:
Wealth building is serious business. If your goal is to do so, you should treat your passive investing as a business to see results, remain focused, and hit your goals in real time.
How to Contact Dustin:
Website: www.masterpassiveincome.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Building generational wealth is a common goal amongst many real estate investors, which sometimes includes establishing a family office. The idea and hope that one generation will continue the tradition that ultimately leads to a multigenerational portfolio, and even business, is just what this week's guest is here to share all about. Listen in to learn how the family's portfolio and real estate business was scaled out over time, to what is now an Institutional level real estate investment firm. Learn some tips for perhaps inspiring your younger generation family members along the way, as well as some creative and innovative approaches to build more wealth with an existing portfolio!
Key Takeaway:
Being innovative and creative is key to scaling any business, especially in today's market. The combination of the wisdom of older generations, paired with younger generations, can lead to tremendous results in creating and scaling a legacy. Don't forget to share your bits of wisdom along the way; you never know whom you might inspire!
How to Contact Daniel:
Website: www.hlcequity.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's episode dives right into a strategy for accelerating the growth of your wealth through a creative approach: an overfunded whole life insurance policy. Listen in to learn how you can simultaneously expand you real estate investment portfolio, while also taking advantage of compounding growth within a policy. If that doesn't sound good enough, there's also some additional perks you won't want to miss!
Key Takeaway:
There are many tools available to investors, and a whole life insurance policy is an important one to take into consideration.
How to Contact Mike:
Email: mike@axiomwealthsolutions.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
While few people are excited to discuss taxes, nearly all are happy to save on them! This week we dive into a powerful "tax hack", similar to a 1031 exchange, that can help defer taxes for decades. Listen in to learn how Todd Van Meter transitioned a large active investment portfolio to a passive one, while significantly minimizing any associated capital gains taxes and opening himself up to a multitude of options for his next investments.
Key Takeaway:
A properly structured Installment Sales Trust (IST) provides a powerful alternative to a 1031 exchange, along with more flexibility and no time constraints.
How to Contact Todd:
Website: www.bluehatwealth.com Email: Todd@bluehatwealth.com
Are you REady2Scale Your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
This week the team at Blue Lake Capital is here to talk about the current economy, and what impacts it's most likely to have for multifamily investments. Listen in to learn how we view the culmination of factors that have brought us to this point, how investments will be likely be impacted, and what steps to take from here.
Key Takeaway:
Hold steady! Remain vigilant of market conditions, but don't panic. Multifamily investments, in particular, are in a strong position to weather the turbulence of today's economy.
Are you REady2Scale your Multifamily Investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
If one of your investment goals is building generational wealth, this is an episode you don't want to miss! Listen in with Nooria Kakar, an attorney specialized in estate planning, to learn step-by-step what you need to do to shield your assets, build a true estate planning strategy, and ensure all your hard work in building wealth for your family is protected.
Key Takeaway:
Estate planning and asset protection are not the same. If you've dedicated years to building your family wealth, make sure you've structured your investments and legacy to last!
How to Contact Nooria:
LinkedIn: https://www.linkedin.com/in/nooriakakar/
Are you REady2Scale your multifamily investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Short-term rentals, or as some casually equate to AirBnB's, have increasingly become an asset of interest to many investors. Listen in to learn how co-founders of Cloud Castles are competing in the highly challenging market of single family housing, what their short-term rental strategy is, and where the opportunities can be found.
Key Takeaway:
Real estate investing doesn't have to be just about passive income, but can also be about living passionately and creating opportunities for others along the way.
How to Contact Jimmy and Bryan:
Website: cloudcastles.io Email: jimmy@cloudcastles.io or bryan@cloudcastles.io
Are you REady2Scale your multifamily investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Why is everyone so excited about real estate investing? The answer seems simple – money, but no, it’s often about far more than that for passive investors. Today’s guest, Alex Laferriere, is here to share how he has strategically built up his real estate investing portfolio for what matters most to him: his passions. Listen in to learn not only how you can do the same, but for a fresh dose of inspiration and effective strategies!
Key Takeaway:
Investing does and should be used for complementing your life and goals. One of the most significant benefits of passively investing is freeing up your time to focus on what matters most to you: the rest of your life!
How to Contact Alex:
Email: Laffraff@gmail.com
Are you REady2Scale your multifamily investments?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate investments come in many forms, and at times, this can be overwhelming for passive investors. Should you hold short or long? What strategy is best? Who should you invest with? If these are questions you've mused on, listen in today to expand your knowledge on opportunity zones and what some of the key benefits are, as well as how to travel through your investment journey recognizing the "winners" you want to stay with and the ones that you just don't.
Key Takeaway:
The reality is that as a passive investor, you don't have a lot of control over your investments. This means having confidence and trust in the strategies you want to put your capital behind, and the sponsors you choose to partner with, are essentially some of the most important decisions you can make.
How to Contact Eric:
Website: www.ritvest.com Email: eric@ritvest.com
Are you REady2Scale into Multifamily Investing?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Selling real estate assets seems like it might be easy, especially when you've heard stories about fix and flips or other smaller transactions. But what is it really like behind the scenes to sell very large multifamily assets, as in an entire apartment complex, in today's market? Listen in to this great discussion between Co-GPs Ellie Perlman and Veena Jetti on their most recent exit in one of the HOTTEST historical markets for multifamily real estate!
Key Takeaway:
Being successful in multifamily investing requires a professional and dedicated team that can consistently monitor markets, utilize their experience and networks, and implement the right strategies at the right times for a "win". It is an absolute team sport.
How to Contact Veena:
Website: www.vivefunds.com
Are you REady2Scale into Multifamily Investing?
Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
The multifamily syndication business is tough. It takes hard work, dedication, and know-how to be successful at it! In this podcast, Director of Investor Relations Jeannette Robinson takes the reigns as host of Ready2Scale and interviews host and CEO of Blue Lake Capital, Ellie Perlman, to discuss the behind-the-scenes investment strategies that make Blue Lake Capital successful and her passion that drives it.
Key Takeaway Building an extraordinary life is about far more than just building wealth. When you remember where you started, stick to your passions, and strive to learn and grow through the process - this is winning!
How to Contact Blue Lake Capital: Email: jeannette@bluelake-capital.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Did you know that there is a way to multiply your wealth without taking on additional risk? It's called a 1031 exchange, and it's something that every investor should know about. This week's guest, Veena Jetti, founder of Vive Funds, along with host Ellie Perlman will discuss how 1031 exchanges work and how they can help you grow your wealth while minimizing your tax bill. Key Takeaway 1031 exchanges are a great way to multiply your wealth while minimizing your tax bill, but the process can be complicated. With the help of an experienced professional, you can use 1031 exchanges to build your portfolio and grow your net worth.
How to Contact Veena: www.vivefunds.com/
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
There is a lot of talk these days about early retirement. But what if you don't have a lot of money saved up? Or what if you're not comfortable with the idea of simply relying on your savings? If that's the case, then real estate investing might be a good option for you. In this episode, I'll explain how you can retire early using a simple real estate investment strategy. Key Takeaway It is possible to retire early by investing in real estate. It is also important to remember it takes hard work and dedication, but if you stick to your strategy, you can retire sooner than you ever thought possible. Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
“Because a lot of people, some of the gurus, downplay ‘don’t invest in your 401k it is a horrible Idea’. Where I agree with them, is where you have very limited choice. You have a one-income mutual fund you can choose from or a bond fund. Your company gives you very limited options. That’s a tuff road. You’re not really investing; you’re choosing a few options and hoping for the best.” Tax-sheltered investment accounts can be a great way to maximize your gains when investing in real estate. By using a tax-sheltered account, you can avoid paying taxes on the profits from your investments until you withdraw the money from the account. This week’s guest Bryan Miller, a seasoned investor with years of experience in the field, will explain why and how you can use this investment strategy to your advantage. Key Takeaway Using a tax-sheltered investment account can be a great way to maximize your profits when investing in real estate. By deferring taxes on your gains until you withdraw the money from the account, you can keep more of your hard-earned money and use it to reinvest in new properties or other investments.
How to Contact Bryan: capitalstackinvestments.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Interest rate hikes are on the horizon, and that could mean big changes for multifamily investors. As the Fed begins to increase its benchmark interest rate, we can expect to see borrowing costs go up across the board. This could impact everything from apartment values to financing availability, and even returns. So, what does this mean for those looking to invest in multi-family properties? Here's a look at some of the key things you need to know. Key Takeaway It’s important for multifamily investors to stay ahead of the curve as interest rates start creeping back up. Higher borrowing costs will likely have an impact on both apartment prices and investment opportunities, so it’s crucial that investors are aware of what’s happening in the market and plan accordingly. Learn more about your ad choices. Visit megaphone.fm/adchoices
If you're an experienced investor, or if you're just getting started in multifamily investing, it's important to have a basic understanding of the acquisition process. This week’s guest is Blue Lake Capital’s Acquisitions Manager, Mark Gleason. Mark will provide an overview of the different stages involved in acquiring a multifamily property, as well as some key considerations for investors.
Key Takeaway The multifamily acquisition process can be complex and overwhelming. By understanding the different steps in the process and what to expect, you can feel more confident when making an offer on a property.
How to Contact Mark: Email: mgleason@bluelake-capital.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"The house we're looking at now is $4 million. So, his down payment would be about a million, around 75% LTV. The house payment with taxes is somewhere around $12,000 a month. That house which is a $4 million house on the water, with a pool, on the intercoastal in Miami, could AirBnb for $1,500 a day." It's no secret that real estate is a great way to create generational wealth. But not all real estate is created equal. This week's guest is Shawn Elliott, President of the Ultra Luxury Division of Nest Seekers International and sought-after expert in the industry with over $5 billion in sales. Listen in as we discuss the unique opportunities luxury homes offer investors and explore the key factors that make luxury home investments so lucrative. Key Takeaway Luxury home investments offer a unique opportunity to build generational wealth. By understanding what makes these properties so desirable, you can position yourself to take advantage of this lucrative market.
How to Contact Shawn: shawnelliott.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
“We’re going to sell in perpetuity of a hundred dollars, right? That’s not always the case, because some things will bring up the value but generally, that’s what I’m hoping for. What I’m trying to do is figure out a way I can make an extra hundred dollars on a deal this month...” If you are a multifamily investor, you know that there is always room for improvement to maximize revenue. However, maximizing multifamily revenue can be a challenge. Listen in to a behind-the-scenes discussion with our CEO, Ellie Perlman, and Blue Lake Capital Asset Manager, Nyal McDonough, as they discuss the strategies, best practices, and most effective ways to increase revenue from multifamily properties.
Key Takeaway Increasing Multifamily revenue comes from a combination of factors. Whether you are looking to renovate or make management changes, implementing an effective strategy and following best practices can improve your bottom line along with helping better serve your tenants.
How to Contact Nyal: Email: nmcdonough@bluelake-capital.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Nyal McDonough Learn more about your ad choices. Visit megaphone.fm/adchoices
“So, I think the easiest way for those individuals who are not on the band wagon yet, I think the easiest way to understand property in the metaverse, is to think of it as advertising space rather than a physical piece of land.” It's no secret that investing in cryptocurrency and the metaverse can be a risky proposition. Today’s guest is Erin Sykes, Chief Economist for Nest Seekers International. Listen in to learn about the current state of affairs in both markets and what opportunities they present for investors; plus, a look into the conflict in Ukraine and the effect it could have on the US economy. Key Takeaway The current state of cryptocurrency and the metaverse presents investors with opportunities as well as risks. While there is certainly money to be made, investors need to exercise caution and do their due diligence before investing. How to Contact Erin: https://www.nestseekers.com/agent/erin-sykes
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Erin Sykes Learn more about your ad choices. Visit megaphone.fm/adchoices
If you're like most investors, you're always looking for ways to boost your returns. But what if your "passive" investment does not perform as well as you thought it would? Listen in to learn the top reasons why your passive investment may not perform as you expect and the red flags to watch out for that could indicate trouble ahead. Key Takeaway Passive investing is a great way to generate wealth over time, but it's important to remember that there is no such thing as a guaranteed return. By doing your research and better understanding the red flag indicators, your chances of success will increase significantly.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts)
Learn more about your ad choices. Visit megaphone.fm/adchoices
“You were typically seeing about double the yield. And the way to think about this, to get there, you need to be increasing your gross rents by a fair amount because you do have those added cost, potentially maintenance, but certainly utilities, which are bundled and our fee.”
Shared housing as an investment is a relatively new concept, but one that has already shown promise. Today’s guest is Frank Furman, COO and founding team member of PadSplit - a privatized housing company that is focused on providing affordable housing. Listen in to learn exactly what shared housing is and how this emerging market is becoming a lucrative investment model while making a positive social impact. We'll also discuss some of the risks involved in this type of investment and tips for minimizing those risks.
Key Takeaway Impact investing is a rapidly growing trend, but it’s important to find the right balance between making profitable investments while still adding in the social impact elements to be successful.
How to Contact Frank: frank@padsplit.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Frank Furman Learn more about your ad choices. Visit megaphone.fm/adchoices
In the world of real estate, there are always new and exciting developments on the horizon. If you're an investor, it's important to stay up-to-date on the latest trends so that you can make informed decisions about where to put your money. Today, I am sharing five top trends in real estate for 2022 and why you should know them. Key Takeaway Investing in real estate involves taking risks, but if you take the time to understand what you're getting into and do your due diligence, you can minimize those risks significantly.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
“That’s another thing I would definitely encourage investors to do is really analyze the performance, the past performance of the sponsor, as well as the current performance of their investment because it will be a very good indicator to you if you’re working with the right sponsor or not.” Whether you're a newer or well seasoned passive investor, the truth is that fundamental best practices apply at every stage of your investing journey; yet, often they're overlooked. Listen in to a behind the scenes discussion between our CEO, Ellie Perlman, and our own Director of Investor Relations, Jeannette Robinson, to learn firsthand what these best practices are, why even seasoned investors can sometimes lose sight of them, and how to ensure you're building the right team around you to accomplish your investment goals.
Key Takeaway Real estate investing is a team sport. Building the right partnerships, or the wrong ones, can make a tremendous difference in the success of your investments. Choose and monitor your partnerships wisely.
How to Contact Jeannette: Email: jeannette@bluelake-capital.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Jeannette Robinson
Learn more about your ad choices. Visit megaphone.fm/adchoices
The world of real estate can be a lucrative one, with investors reaping the benefits of property appreciation and rental income. However, there are also plenty of lessons to be learned in order to be successful in this market. Today, I am sharing three key lessons I learned from buying real estate in 2021 and how it influences our strategies and processes for positioning our company and investors into 2022. Key Takeaway It takes hard work and research when looking to buy potential assets in a highly competitive real estate market. Stay disciplined, while also putting in the time, so your decisions are far smarter than those who aren’t as diligent. Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
“When I was working really hard, I was making $400 to $800 in overtime, and what I found was that half of that money was gone, right, high taxes. It wasn’t very efficient, and I was burning myself out.”
It's the idea that you must work harder than everyone else and never give up, no matter what the cost. This mindset is what drives many immigrants to achieve great things, often times starting from scratch. And while not all immigrants have this mentality, those that do often find success in businesses like real estate investing. Listen in and learn how today’s guest, Cody Yeh, a first-generation immigrant, generates a five-figure monthly return through his investments and the mindset he credits for getting him there.
Key Takeaway You don't have to be born into money or privilege to succeed in real estate investing. Many of the wealthiest entrepreneurs in the world started with very little capital and no experience. If you're a motivated person with a desire to succeed mindset, then all you need is the understanding of what works and willingness to put in the time and effort necessary to get you there.
How to Contact Cody: Website: https://www.codyyeh.com/ Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Video Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Special Guests: Cody Yeh Learn more about your ad choices. Visit megaphone.fm/adchoices
It's no secret that family offices have a lot of money to invest. In fact, many family offices are founded in real estate investing because they see the potential for steady cash flow, strong returns, tax benefits, and more. How do these big investors view today's real estate market? What are their strategies for finding good deals and making smart investments? Listen to this episode of Ready2Scale with host Ellie Perlman, CEO of Blue Lake Capital, and find out! Key Takeaway: Building wealth doesn't have to be exclusive to the "big guys". By learning from them and implementing similar practices, you can grow your wealth the same way they have!
REady2Scale Your Passive Income? Learn about our $100M Value-Add Multifamily and join us here: https://www.bluelake-capital.com/rev-fund
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Sean Barry Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
"My favorite step is to go on Airbnb itself and see how many homes with two or three or how many you are targeting to purchase are available in this coming weekend, two weekends from now, during the holidays, and try to really understand if there's enough demand in that area."
Today's guest is Steffany Boldrini, Principle at Monte Carlo Real Estate Investing in San Francisco. Listen in to learn how she strategically utilizes AirBnB's as a hedge against growing inflation and how she has been able to successfully diversify her company, and portfolio, across three different asset classes in a short time.
Key Takeaway: Building wealth through real estate investing isn’t a fantasy. It’s one of the most historically proven assets for growing significant wealth across generations. By recognizing this, along with the tremendous advantages it provides such as a hedge against inflation, real estate investing really does transform lives. How to Contact Steffany: Website: https://montecarlorei.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Production Credits: Featuring: Ellie Perlman Strategy: Sean Barry Video Editing: Jeannette Robinson Audio Editing: WEP (We Edit Podcasts) Special Guests: Steffany Boldrini Learn more about your ad choices. Visit megaphone.fm/adchoices
The American dream has changed and it's not uncommon now to meet investors that have retired early and live instead on their passive income streams, traveling, spending time with their families, and simply choosing a higher quality of life over a thirty-year 9-to-5 grind. If they can do it, so can you! Listen in to learn the pragmatic steps and plans you need to have in place to not just create this goal, but achieve it!
Key Takeaway: If your goal for passive investing is to retire early, you need to clearly identify the goal, create a strategic exit strategy from your W2, and be disciplined in order to achieve it.
REady2Scale Your Passive Income? Learn about our $100M Value-Add Multifamily and join us here: https://www.bluelake-capital.com/rev-fund Learn more about your ad choices. Visit megaphone.fm/adchoices
"There's a little piece in there [the Tax Code] that's basically all the things that you can do, that the IRS wants you to do...this is where you need to spend your time. It's a series of incentives, that tells you what they want."
Today's guest needs little introduction, as Ken McElroy is well-known for being an advisor to Robert Kiyosaki of The Rich Dad Company, as well as a successful investor, developer, and repeated author. Listen in to learn how he advises hurdling through many of today's most pressing challenges: supply chain woes, the new tax bill and its potential implications for real estate investors, growing wealth, and most of all, creating an extraordinary life! Grab a cup of coffee and jump in - this is an episode you won't want to miss!
Key Takeaway: An extraordinary life is not a matter of luck but requires a keen understanding of balanced priorities, wealth-building strategies that include capitalizing on tax savings, as well as the right people surrounding you. An extraordinary life, just like wealth, is not built alone!
How to Contact Ken: Website: www.kenmcelroy.com Tax Strategies Guide: www.kenmcelroy.com/ready2scale
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Audio Editing: WEP (We Edit Podcasts) Special Guests: Ken McElroy Learn more about your ad choices. Visit megaphone.fm/adchoices
Any deal can be made to look good, but how do you know if it really is? Listen in to learn all about the power of data when assessing your next investment option. What data matters most and how can you shake out the truth of a potential investment by analyzing it? Listen in for pro tips from Blue Lake Capital's CEO, Ellie Perlman, as she explains three critical data points to take into consideration before you invest in your next deal!
Key Takeaway: Analyzing the right data points can help identify which investments are truly good deals vs those that are not. When conducting your own due diligence, be sure to analyze the right data and trends to ensure your funds are being wisely invested.
Have You Secured Potential Real Estate Tax Benefits for 2021? If not, don't wait a second longer and contact us today to learn about investing in REV Fund: https://bit.ly/3ePYsFl
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
"So we're seeing people get out of LA, downtown LA, and going to cities way much further out. Some of them because of the stay at home orders, or just preferring to work from home. They're even relocating to other states. A lot of people are getting out of California into other states where it's much more affordable to find homes, and that's the approach they're taking...just because it's becoming very limited right now."
Many know the California housing market is expensive and highly competitive, so who better to learn from when it comes to winning a deal than one of Cali's hottest real estate agents? Today, Loida Velasquez shares tips and strategies she uses to ensure her clients, whether home buyers or investors, can win in the ultra-hot single-family market. Listen in to learn how to create a competitive edge in a market that's HOT.
Key Takeaway:
With lower interest rates, limited supply, and increasing demand, closing on a single-family home requires being aligned with the right agent.
How to Contact Loida: YouTube Website
Ready to Start a New Year with Passive Income? Last call for our lowest share prices on REV Fund, our $100M Multifamily Value-Add Fund. For more info, visit www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Audio Editing: WEP (We Edit Podcasts) Special Guests: Loida Velasquez Learn more about your ad choices. Visit megaphone.fm/adchoices
There's been a lot of reasonable concerns stirred up by the current administration's “Build Back Better Act". Along with that, some confusion in keeping track of the proposed changes as it makes its way through the legislative process. This week I am sharing what the latest revisions are, and most importantly, what that means for real estate investors.
Key Takeaway:
The recent cuts to the bill are very beneficial for real estate investors across the US. Thankfully, real estate investing remains a secured and time-tested approach for continued wealth building.
Interested in our Current Offering? To learn more about REV Fund, our $100M Value-Add Multifamily Fund, click here: https://bit.ly/31zpSww
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
"We felt with rates coming up and rents not growing at the same pace, we couldn't really be aggressive in the New York City market, unless prices came down to reflect that new reality, which of course they didn't."
While it's wonderful to create a solid business plan, real business rarely goes that way. Join me and our special guest Avi Abadie to listen in on what we'll call real talk: when business and markets throw you curve balls, how do you best adapt and adjust your strategy? COVID especially created this challenge for everyone, and as such, being mindful of over leveraging couldn't be more important. Listen in to learn how to analyze markets and deals with a keen eye, as well as some tips for dealing with supply chain challenges on top of it all!
Key Takeaway:
Don't evaluate a deal or market just in real time. When considering new investments, ask yourself the harder questions and evaluate worst case scenarios. If the deal still works, that's when you can be reasonably assured it's a good opportunity.
Speaking of good deals...be sure to seize our latest investment opportunity, REV Fund: https://bit.ly/31zpSww
How to Contact Avi: Website: www.coveig.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guests: Avi Abadie Learn more about your ad choices. Visit megaphone.fm/adchoices
They say if you want to go BIG, you have to think BIG! What better place to learn than from those that are already actively at the level you are, or even further along? In today's episode, I am sharing some insights I gained while recently attending a conference for family offices, private equity, and institutionals. Listen in to learn which assets these major players are investing in and why, which trends they follow most closely, and what their next steps are most likely to be.
Key Takeaway: Being willing to learn from those that are successful is a critical component of growing your own wealth and portfolio. Don't just take time to network - learn from it!
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
"Every year we sit down and talk about the wish list of markets that we want to be investing in strategically, right. We'll leverage a lot of the market research that's out there, services we subscribe to, to really pare down rent growth forecast, jobs vs inventory type of ratios to really understand where the markets are that will out perform." Being an entrepreneur is no small task, and today's guest, Doug Root, is here to share how he manages to lead not just one, but two, companies simultaneously. Listen in to learn how he maintains this balancing act as a managing partner of a multifamily syndication, as well as a general contracting company. Learn how he targets markets, scales each company out, and what he believes is the key for living an extraordinary life in the midst of it all! Key Takeaway: Business is fulfilling and thrilling in many regards, but balancing priorities in life is a key to being successful both professionally and privately. How to Contact Doug: Email: droot@blackfinrei.com Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guests: Doug Root Learn more about your ad choices. Visit megaphone.fm/adchoices
The market has been very HOT! This week I'd like to share with you what I am seeing as far as multifamily performance, net migration patterns, occupancy trends, and the "street fight" for acquisitions. In this episode you'll learn what multifamily investing is like behind the scenes in our current time, as well as why these factors are helping multifamily investments thrive!
Key Takeaway: Multifamily investing performed very well throughout the pandemic, and is recovering even stronger.
If you're interested in our newest investment opportunities, complete our New Investor Form to be contacted with all the details. Learn more about your ad choices. Visit megaphone.fm/adchoices
"I would say by this time next year, my gut instinct is that capital markets for lodging will be very robust and there will be a lot of capital available to finance hotels; whether that be for construction loans or for acquiring or recapitalizing existing hotels."
While the pandemic was unprecedented for everyone, the hotel industry, particularly, was heavily impacted. Travel was nonexistence, and even a trip to the grocery store felt like a daunting task, let alone staying in a hotel. While the pandemic is not officially over, travel has resumed and many in the hotel industry have found a way to persevere. My guest this week, Greg Friedman, has promising predictions for the resurgence of the hotel industry. Listen in to learn how the industry performed during the pandemic, how the process of financing hotels has changed, and how to maximize lending terms to solidify your financial structure.
Key Takeaway: Finding a lender you are able to have open communication with is key. A lender that has good communication means the process is able to run much more efficiently.
How to Contact Greg: www.PeachTreeHotelGroup.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guests: Greg Friedman Learn more about your ad choices. Visit megaphone.fm/adchoices
When the eviction moratorium was first enacted in 2020, landlords and real estate investors alike worried how their properties might struggle without the ability to evict non-paying tenants. Now in November of 2021, the eviction moratorium has ended and the strategies on how to evict non-paying tenants is the new topic of conversation. In this week's episode, I break down strategy options that I recommend and have found success using, from the standard approach to another strategy to use after all other options have been exhausted.
Key Takeaway: The eviction process isn't fun for anyone. With whatever strategy you choose, make sure to approach the situation with empathy as a part of the equation. Surrounding tenants take notice of how the situation is handled, and negative feelings are bad for business.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"The thing is, you have to empty your brain of the negative thoughts so that positive things can start happening in layers, over and over again. It can only happen if internally, we decide that we're going to look at the good, the bad, and the ugly as challenges. It's how we react to challenges, and accept them quickly, and see that it doesn't happen again."
When many people think of multifamily, apartment style units usually come to mind first. However, the smaller submarket of assisted living can be highly profitable with the right person leading.
After coming to America with just 7 dollars to his name, Vinney Chopra has embodied the "American Dream", purchasing and developing close to $1B in total acquisitions the last 15 years in different emerging markets across the U.S. Listen in to learn the benefits of ground-up developing for assisted living, the difference between managing assisted living versus apartment style multifamily assets, and how positive thinking can change your life for the better.
Key Takeaway: Understanding your key demographics is essential to ensuring your asset performs successfully. Market research is the way to go to help your investment flourish.
How to Contact Vinney: VinneyChopra.Com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guests: Vinney Chopra Learn more about your ad choices. Visit megaphone.fm/adchoices
As the "Seller's Market" of 2021 continues, it begs the question of how we got here in the first place, and where will the market go from here? Deals are in huge demand, often intense bidding wars, and the average rent in the country continues to grow month over month. Listen in to learn why the supply has become so tight and where the market is heading in the next 18 to 24 months, in my opinion.
Key Takeaway: When the market is hot in demand, be prepared to evaluate more deals than an "average year". Putting in the time to view more assets then normal will increase your likelihood of winning a deal.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"It was my first job out of business school as a managing director and we went on a business trip together. He said to me, 'There's two types of mistakes when it comes to real estate investing. There's "type one" mistakes and there are "type two" mistakes. You can only make so many type two mistakes in your career before your career is over.' A type one mistake is a deal that you should have done, and you didn't. And you can make a million type one mistakes in your career. A type two mistake is a deal you shouldn't have done, and you did."
When it comes to any business, mistakes are bound to occur. Human error can be anticipated in life, yet we can minimize them by learning from not only our mistakes, but from others. My guests this week are real estate investment veterans with over 30 years of experience here to reveal major do's & don'ts in this week's episodes. Listen in to learn tips on examining an underwriting process, distinctions between retail and multifamily investing mistakes, and how to remain disciplined and focused when trying to close a deal to avoid mishaps.
Key Takeaway: Each person has their own risk vs reward appetite. Being aware of possible issues along the way before they happen can ensure that your big risk don't result in big defeat.
How to Contact Spencer and Michael: Website: AdventuresinCRE.Com LinkedIn: @Michael Belasco and @Spencer Burton
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com.
Production Credits Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guests: Spencer Burton and Michael Belasco Learn more about your ad choices. Visit megaphone.fm/adchoices
The Third Quarter of 2021 has come to a close, and the multifamily industry is still HOT. With close to 3% cap rates and competitive debt, multifamily remains stable with positive cash flow and strong occupancy. In addition, it's no secret historical record highs have also been surpassed in regards to increased rent rates. Listen in to learn more about how the multifamily industry performed this quarter, and why it remains competitive and strong. Note: This podcast was recorded before the National Eviction Moratorium was officially ended.
Key Takeaway: Multifamily investing remains one of the most resilient investment vehicles historically, and Q3 of 2021 is no different.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.bluelake-capital.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"When I talk to people and I counsel them, they want to know about real estate investing. I say, 'The first thing you need to do is take a CCIM Course.' I'm their biggest cheerleader just because of the knowledge. It puts things into perspective for you."
Real estate investing can be a catalyst for changing your life. Those who enter the realm choose to for various reasons. But, for my guest this week, the choice chose her. Arlene Duncan Post was thrown into the world of commercial real estate upon her husband's unexpected death. Instead of giving up, she rose to the occasion. Listen in on our all-new Season 4 Premiere of Ready 2 Scale to hear her inspiring story of growth and leadership, how to hurdle the learning curve for mixed-use development and other types of real estate investing, and predictions surrounding the market using trends and data as navigators. Most importantly, this episode will inspire you to be brave and boldly live an extraordinary life despite the challenges you can encounter along the way.
Key Takeaway: When the going get's tough, keep going. Overcoming challenges is a part of life, and once embraced and conquered, your growth will be far further than you initially imagined.
How to Contact Arlene: LinkedIn: Arlene Duncan Post
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com.
Production Credits Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guest: Arlene Duncan Post Learn more about your ad choices. Visit megaphone.fm/adchoices
Today I am going to take you behind the scenes of my company, Blue Lake Capital. Becoming an entrepreneur is thrilling and challenging. Yet, taking risks can be intimidating. But without risk, there is little room to grow. A critical component of my success was committing to a "growth mindset". This means looking at challenges as a chance to grow, and failures as an opportunity to learn. Listen in to learn how this has helped me build an 8-Figure real estate business and why knowing how someone overcomes challenges is so important when you are evaluating who to partner with on your next real estate investment.
Key Takeaway: Staying positive and driving forward through difficult situations will benefit you in the long run. Whether it's a lesson learned or an achievement accomplished, your future self will thank you for pushing through it and embracing continued growth.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"I've been successful because I've been able to identify individuals that know what they're doing, and I do business with them. I've realized as a general contractor that the turnover is very important. Quickly moving from one project to another is how I make my wealth."
"Renovating" can be a scary word. Although known as a more high-risk investment strategy, renovating properties can actually be highly profitable with the right knowledge of the industry, and a full tool kit of tips and tricks on how to keep a project on track. My guest this week, Van Sturgeon, is not new to the renovation game, as his first exposure to property management and renovation came through his family's ownership of a property during his childhood. Listen in to learn his diversification process, advice on renovating more efficiently and effectively, and different strategies to lead your next renovation to success.
Key Takeaway: In a project that requires outside contracting, be sure to do your research before signing. Being particular in who you do business with will make or break your renovation.
How to Contact Van: Website: www.VanSturgeon.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com.
Production Credits Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guest: Van Sturgeon Learn more about your ad choices. Visit megaphone.fm/adchoices
If you're involved in real estate investing, you have probably heard the phrase, "Cash Flow is King" or "Location, location, location." In 2021, however, there's more to add to the equation. Even though the eviction moratorium has ended on a federal level, many local and state levels still have the moratorium implemented as we continue to navigate through this "pandemic cycle". In my opinion, while a great location can improve the success of a property, it is the strength of the tenant base and the collection rate that really matters most at this point. Listen in to learn why a high collection rate and a strong tenant base are critical for a profitable investment, and what to look closely at when evaluating your next investment opportunity.
Key Takeaway: Times have changed. To maximize your next investment, consider closely the tenant base, as well as the track record of the syndicator throughout the pandemic, to evaluate if your next opportunity will be cash flowing and successful.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"When I started I had 3,000 bucks. I didn't have hardly anything. While that wasn't easy, I basically had to be very meticulous about everything. I couldn't afford to make a whole lot of mistakes. But it is very possible to start with a small amount. Just understand you don't have much margin for error."
Investing doesn't have to be complicated; it's not rocket science. Diversification of assets is a great way to ensure that your investments remain cash flowing and successful. It also doesn't necessarily require over-extending yourself or taking on debt, but rather building step-by-step. This week's guest, Seth Williams, explains how raw land is an opportunity that many investors can overlook. Listen in to learn how he got started investing in land, his insights for investing smarter and not harder, and how debt fits into the equation of wealth building.
Key Takeaway: Don't wait to start investing based on what others believe is feasible. By learning new investment strategies, your road to investing could begin tomorrow.
How to Contact Seth: www.ReTipster.Com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com.
Production Credits Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guest: Seth Williams Learn more about your ad choices. Visit megaphone.fm/adchoices
If you are an investor or are looking to invest in the near future, understanding distinctions between similar or common phrases are critical. A difference in the preposition used can greatly impact the returns you see from an asset during a particular investment period. For example, return "on" capital and return "of" capital are commonly misused interchangeably when they actually produce very different outcomes for your returns. Listen in to understand the difference between these two phrases, how each will impact the returns on your investment, and what the right situation is to favor one or the other.
Key Takeaway: Always be sure to clarify with your syndicator if you have confusion regarding a document's verbiage or real estate vernacular. There's no such thing as asking too many questions.
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"From a fundamental perspective, the first thing is that farmland grows food. Even if there is an economic downtrend, people don't just stop eating. So, you basically, truly, have 100% occupancy on farmland. And the interesting thing here is that there are 2.7 trillion dollars of farmland in the U.S."
When it comes to real estate investing, there are many different vehicles that come to mind. One such asset that is seemingly underutilized is investing in farmland. My guest this week, Craig Wichner, founder of Farmland LP, offers a new and unique perspective on farmland investing. In this podcast, we will discuss the benefits of investing in farmland, the process of evaluating potential land, and how the exit strategy looks for this unique investment strategy.
Key Takeaway: When it comes to real estate investing, diversification is the name of the game. Don't shy away from investment opportunities that are unfamiliar, as they may surprise you with success.
How to Contact Craig: Website: www.FarmlandLP.com
Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com.
Production Credits Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guest: Craig Wichner Learn more about your ad choices. Visit megaphone.fm/adchoices
It's no secret that the single-family market is booming right now. Home values are appreciating in almost every market in the United States at a rate that we haven't seen before, with the average home being up $33,000 in value. As the single-family market continues to strongly perform, how does it impact the multifamily investing arena? Watch along to learn why the single-family market is having such success, and how it is actually a benefit for multifamily investors! Key Takeaway: Monitoring competitive assets and trends is an important part of being a well-rounded investor or syndicator and can help sharpen your investment strategy. Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"To me, if you're a risk adverse person, I tend to go with the mindset that every piece of real estate that I buy needs to be cash flowing when I buy it with the financing that's in place. If you're a flipper or somebody buying with an equity upside play, I can appreciate and respect all that. But going into this uncharted, unprecedented environment, I'm personally not willing to take the risk of an upside rental potential." Everyone has their own risk tolerance. While some investors look for higher risk options that return higher rewards, others turn to more conservative investments that have reduced risk, but lower or slower rewards. Especially in a real estate market performing like we've never witnessed before, it is essential to be aware of potential risks that come with investing. This week, my guest Chris Naghibi and I discuss which asset classes have been the most resilient during the pandemic, strategies to mitigate risks, and the balance between risk taking and remaining conservative. Key Takeaway: Before investing in an asset, risk evaluation should be a main consideration to ensure you're adhering to your risk tolerance and investing criteria. How To Contact Chris Naghibi: Website: Social Media: @ChrisNaghibi Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Featured Guest: Chris Naghibi Learn more about your ad choices. Visit megaphone.fm/adchoices
In the early days of the pandemic when there was so much still unknown, interest rates were lowered by the government to combat a potential market collapse. Now in July of 2021, as construction is returning and the real estate market remains strong, interest rates remain low. However, with the market performing so strongly, it begs the question if we are currently in or heading towards a real estate bubble. While I am not a financial expert, my role as a syndicator and my exposure to the real estate industry leads me to believe that we are not. In this episode, I will dive deeper into what a real estate bubble is, how it occurs, and three reasons why I believe that we will not be seeing a real estate market burst any time soon. Key Takeaways: It’s nearly impossible to know exactly where the market is heading, but using past and present indicators can help give the best predictions of future outcomes. Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
“The sort of returns we’ve been seeing in stocks over the years, they’re just not sustainable. I think it’s really important that when you run a retirement calculator and look at, 'How much money is this money that I’m investing, and that I’m saving, going to produce for me?'. You should not be putting the sort of returns that we’ve been seeing lately into that calculator. Be conservative. Like 7% or 8%, and some people even think that’s too high. Just make sure that you’re doing the real work of saving enough." Today's powerhouse guest is Jean Chatzky! We discuss how it can be intimidating to some trying to save for retirement or for a large purchase, like an investment. It can seem overwhelming to tackle your goals all at once. Common questions include: "Where do I start, how can I let my money accumulate for me, and what should my investment criteria be?" Listen in to learn how Jean has been able to automate her wealth creation, what steps she took in making her money work for her, and how you can too. Key Takeaways: Let your money work for you. By being strategic with your funds, you can grow your savings, invest for cash flow, and build wealth with patience. How To Contact Jean Chatzky: Website: www.HerMoney.com Social Media: @JeanChatzky Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Featured Guest: Jean Chatzky Learn more about your ad choices. Visit megaphone.fm/adchoices
When the pandemic hit, there was a lot of uncertainty and speculation on what was to come for the real estate market. Many investors in multifamily properties feared decimated investments possibly caused by high vacancy rates or bad debt. However, that prediction never came to fruition, thankfully. Like challenges often do, it created opportunity.
Today I am sharing about my experiences as a multifamily owner and operator, and how the pandemic in particular impacted our decision to sell assets, as well as continue to acquire new ones. Listen in to learn the 3 key lessons I drew from the experience, and how it can help you navigate your decisions of when to buy and when to sell.
Key Takeaway:
Real estate investing is full of unexpected twists and turns. Instead of shying away from a challenge, use your ambition and rise to the occasion.
Production Credits
Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
"One of the biggest mistakes that people make is investing in their own personal name, not having the right structure in place, and starting this investment process and exposing themselves to huge potential liability."
Investments in the US have been long sought after by foreign investors, and now with the impact of the pandemic, even more so. Lauren Cohen, a lawyer, real estate agent, and immigration and strategy specialist highlights how these investors navigate international investing, often with the aim of citizenship. This episode is very interesting and helps explain how and why there's additional competitive levels for investments not just nationally, but globally. Listen in to learn what some common missteps are in international investing and how others, like myself, can pave their path in pursuit of the American dream through real estate investing.
Key Takeaways: Real estate investing is a very powerful vehicle, not only for building out significant wealth, but also for literally helping people change their lives.
How to Contact Lauren: Book: Navigating Real Estate Investing Across Borders Website: Realestateacrossborders.com
Production Credits: Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Featuring: Lauren Cohen Learn more about your ad choices. Visit megaphone.fm/adchoices
"A word of caution: When it comes to a fund, only invest with a sponsor you trust. It is really important, and I cannot stress this enough. "
Investing does not look the same for everyone. Each individual has their preferred assets, risk tolerance, goals, and strategies that makes their investment process unique to them. For some, the control of deciding where to invest might make an individual investment more appealing. On the other hand, investing in a fund satisfies other preferences, such as the desire for a more passive role, along with benefits like reduced risks through diversification across assets and markets. By listening in you will learn the pros and cons of each, and most importantly, how these investment strategies can help you reach your wealth building goals.
Key Takeaway: Whichever route you choose, or both, it's essential to work with a sponsor you trust. Set a meeting with your potential sponsor and ask them specific, tough questions to ensure that your investment criteria align.
Production Credits
Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Learn more about your ad choices. Visit megaphone.fm/adchoices
“I realized in my late 20’s that I’d only gone into the human performance and preventative medicine career as a way to transition out of hockey...So, I just said to myself, 'What’s something I really want to do with my life? What am I really passionate about...that won’t allow me to hit a ceiling?' and it all came down to real estate, essentially. And I went all in.”
There’s no “correct” way to dive into the real estate investing world. Most professionals find their way into real estate investing later in their career path, and use their past experiences as a base while learning the real estate industry. Former professional hockey player Nikolai Ray is no different. As someone who was interested in mathematics and earned his degree in Biomechanics, he was later able to intertwine advanced mathematics and finance to elevate his financial models and titled it “Financial Engineering.” In this episode, he will elaborate on what financial engineering consists of, how it is applied, and how Nikolai Ray was able to scale his company in such a short period of time.
Key Takeaway:
Real estate can be for anyone willing to put the time in to learn about the industry. By using helpful tools and surrounding yourself with knowledgeable individuals, scaling your assets will become much easier.
How to Contact Nikolai Ray:
Website: www.Mrex.co
Tune in next Wednesday for Pros & Cons of Common Investment Strategies with Ellie Perlman
Production Credits
Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: WEP (We Edit Podcasts) Special Guest: Nikolai Ray Learn more about your ad choices. Visit megaphone.fm/adchoices
"If we can learn anything from the past, it's that back in 2007, 2008, they were a lot of people that got loans on homes and that at some point, they were not able to pay for them. I do believe that's what's going to happen..."
While the single-family real estate market continues to perform at a strong level, with good financing opportunities and low interest rates, the cyclical nature of the market alludes to the possibility of an impending economic crisis. If, and more likely when, that happens, I predict that the multifamily investment world is going to benefit by default. Many single-family homeowners will likely not be able to pay their mortgages, resulting in an increased demand for multifamily housing. Concurrently, many investors will want to move their investments into a more conservative market like multifamily investing. In this podcast, I will talk about my predictions as to why this will occur, what the likely impact will be, and why the multifamily industry will grow from it.
Key Takeaways:
Hindsight is always 20/20, but it never hurts to be one step ahead. By understanding market trends and their possible impacts, a future crisis can turn into a major investment opportunity.
Production Credits
Featuring: Ellie Perlman Strategy: Jeannette Robinson Digital Editing: Brenna Shelton Audio Editing: We Edit Podcast
Tune in Next Wednesday with Special Guest Nikolai Ray: Financial Engineering - The Next Level of Real Estate Investing Analysis Learn more about your ad choices. Visit megaphone.fm/adchoices
"What I would not do is buy an investment house based on whether or not you would want to live there. That is a totally different decision making process and one that is full of all kinds of peril. When you buy a house that you want to live in, that’s an emotional, personal decision. That’s not a business decision." Since we often take counsel from our physicians, today we bring a twist to the show with some advice straight from the Dr’s mouth -this time, on investing. Listen in on my interview with Dr. Masaki Oishi and learn how to hone your deal analysis skills to an expert level. From asset overview, to an honest discussion on the pros and cons of multifamily vs residential, the Doctor and I share a discussion frequently heard amongst any investor’s circle: How to know if it’s a good deal. Key Takeaway: Investing in your future is a mindset you must have for building out wealth. Be strategic, intentional and clear on your investment criteria, and work your plan diligently. Evaluate opportunities with an objective eye, and only move forward when you’re reasonably confident you’re making a good investment. How to Contact Dr. Oishi: Website: www.MarketSpaceCapital.com Book: Prescribing Real Estate by Dr. Masaki Oishi (Amazon) Learn more about your ad choices. Visit megaphone.fm/adchoices
“I’m a huge believer in real estate. I love real estate because it makes me feel more secure and, in my opinion, is a much more conservative approach than trading in the stock market.” The age-old question of where to invest your money has been debated for many years. The real estate market and the stock market are arguably the most discussed topics in the conversation. When comparing the two, the real estate market comes with many significant benefits like the absence of liquidity, the presence of leveraging, and the more stable nature of the real estate market as a whole. The question, however, boils down to what kind of investor are you? Listen in to learn about these benefits in depth with side-by-side theoretical and applied comparisons between real estate investing vs the stock market. Key Takeaways: While investing in real estate is a more conservative approach to investing, the key is to align your risk preferences and strategy to your investment goals. While the stock market carries an allure of “getting rich quick” for some, real estate investing is more of a long game approach where slow and steady wins the race. Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"I think one of the single most asked questions from our investors is, "How do I get diversification across my portfolio?", number one. Number two, "What if I don't have $500,000 to put across 5 different assets? How can I protect my $100,000 investment, or $200,000 investment?" It's been a turbulent ride in the US economy, and with that, mitigating risks and adapting investment strategies has been a top priority on many investors' minds. As such, diversification has continued to be a focus for many, along with other concerns of how to keep cash flow stable, capture strong returns, and sidestep continued economic impacts from a radical period of history we've all experienced throughout the pandemic. Listen in as we dive into the real pros and cons of using a fund strategy vs single-asset investments in building out your portfolio to learn what benefits there are to each, how they are structured differently, and most of all, which is best for your goals. Key Takeaway: Adapting to the shifts in the market requires flexible approaches for real estate investing. Whichever strategy you implement, mitigating risks and diversifying bring in a significant benefit of protecting investments. By staying in tune with the broad scope of the economy, investors can continue to be profitable when they position themselves ahead of the curves. How to Contact Veena: Website: www.vivefunds.com Multifamily Masterclass: www.mfmasterclass.com Learn more about REV Fund. Learn more about your ad choices. Visit megaphone.fm/adchoices
"Just to get an asset - that's not the right approach. Overbidding is not being conservative. And you need to be conservative whenever you see other groups going crazy after assets. You make money when you buy, not when you sell." It's no secret that the multifamily investing arena is on fire, and it's not due to fire sales like some had predicted a year ago. Instead, it's quite the opposite. The market is so intensely competitive that overbidding has nearly become the standard practice. Why are some investors willing to overbid? What is the reason behind this apparent "madness"? And most of all, how do you remain competitive, and yet conservative, when the heat is turned up? Listen in to learn why this is happening and how to still achieve successful investments in spite of it. Hint: Did I mention we have a new acquisition? Key Takeaway: Being patient, data driven, and sticking to your investment criteria will protect you from being caught up in the urgency of the market or the temptation of making a rash investment. Stick to the numbers and be prudent - it always pays off in the long run. Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"Wealth surprised me. Having a lot of money doesn't look or feel like what Hollywood sells us. It can be isolating... And of course, it might be hard to imagine wealth as a challenge, but my goal is to change something at a very personal level. I want to get us talking about money. I want to move money out of the taboo category, and out of the shame category, and really help us start to have conversations." When it comes to money, that's private. Or so the school of thought usually goes. However, today Jennifer Risher shares very openly about her experiences of coming into wealth and the surprising challenges it creates that are often never openly spoken about. Listen in for rare and authentic insights into how wealth can and does impact people's lives and relationships, and why it's important to be able to openly speak about it. This episode is a brave and inspiring interview on not just her journey of learning to become comfortable with wealth, but also the significant joy that she and her husband, David Risher, have found in using their wealth to inspire mass acts of giving on a global scale through their foundation #HalfmyDAF. Key Takeaway: Money matters impact everyone's lives. Whether riches or poverty, there are challenges that are created and opportunities for impact missed when people won't communicate. While wealth can be powerful, it shouldn't be held in such a regard to supersede the value of what matters most - relationships. Talking about the elephant in the room can not only ease tensions within a relationship, but also inspire giving and impactful collaboration. Talk about it. How to Contact Jennifer: Join the #HalfMyDAF Challenge: www.halfmydaf.com Website: www.jenniferrisher.com Learn more about your ad choices. Visit megaphone.fm/adchoices
"And so the point is Buffett trusted him and he trusted that he knew the deal, and that's a lot of what I think we need to do. You know, let's be honest, a great operator can make a mediocre deal go well, but a terrible operator can ruin any deal." Investing in funds has become an increasing demand and preference for investors, as the impact of the pandemic and shifts in the economy have influenced many to adjust their strategies and diversify. How are funds structured, and what are the benefits and risks associated with them? Listen in to learn not only which assets are continuing to stand as strong performing, recession resistant investments, but how also utilizing funds is a great approach to diversifying and mitigating the risks of these "new times". Key Takeaway: Trust is a factor that simply cannot be overlooked when it comes to real estate investing partnerships. Whether you're investing in single assets at a time, or a fund, the key factor to maximizing your success is aligning yourself with trusted and proven partners. How to Contact Paul: Website: www.wellingscapital.com/resources Learn more about your ad choices. Visit megaphone.fm/adchoices
Who's excited about rising interest rates? Typically, not many people. However, once you adjust your perspective, you'll discover there are some advantages to increasing interest rates, particularly if you invest in multifamily assets. Listen in to learn what the overall upside and downsides are, and most of all, how to seize the opportunities it creates for increasing your profits in spite of it! Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
"...and what we're able to do, now that we can observe specific markers, and pinpoint them and tag them in a dataset, is we think we can learn more about why some individuals seem to be accumulating more wealth, for example."
If you haven't yet heard the buzz around the concept of a "wealth gene", this is the episode for you! Join me and Kevin Thom for a fascinating discussion regarding his recent in-depth study into genetics and the predisposition for higher education levels and overall wealth accumulation. Does it sound too good to be true?
Listen in to learn what factors of nature vs nurture contribute to success, how genetic markers indicate very interesting trends amongst the wealthy, and where the bridge between economics, social sciences, and genetics is advancing. This is an episode guaranteed to expand your mind and provide thought provoking insights into how and why success can be achieved.
Key Takeaway:
Advancements in science and genetics are fascinating, but the great news is, they are not a defined destiny. While there may be some forces at play that can predispose some individuals with advantages over others, genetics are not the "make it or break it" factor for success.
How to Contact Kevin:
Website: https://uwm.edu/economics/people/thom-kevin/ Twitter: @kthom25964167 Learn more about your ad choices. Visit megaphone.fm/adchoices
Many people have benefited from the stimulus checks and unemployment benefits, including real estate investors and owners, that have been distributed over the course of the pandemic. However...there are also some negative impacts from these actions. As an investor, business owner, and operator of real estate investments, the ripple effect of these distributions are beginning to take shape, with challenges like hiring staff, keeping business operations moving smoothly, and the obvious concern for many, inflation. How do these impact overall investments and more importantly, what can we do to overcome the challenges or minimize the consequences? Grab a cup of coffee and listen in to hear my thoughts on next steps and forward progress! Are you REady2Scale? Learn more about growing your wealth, strengthening your portfolio, and scaling to the next level at www.ellieperlman.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Join in this week to hear some educated and experienced insights from Nicholas Gerli, as we discuss our thoughts and predictions for what the 2021 multifamily investing market is likely to bring. Which markets are most likely to thrive, and which are raising red flags? What is the impact of supply vs demand, and where are saturation points becoming evident?
By listening along you'll learn all these insights and more on where your next investment is likely to find stronger returns and better performance. Learn more about your ad choices. Visit megaphone.fm/adchoices
The competitive landscape has significantly increased when it comes to the multifamily market! This week I am sharing how to face this Bear Market head on. Listen along to learn how you can be bold enough to gain a competitive edge, while still remaining smart and focused on winning deals that realistically meet your investment criteria and inventors' best interest. The key to remember is that winning in real estate investing is not the short game, but the long! Learn more about your ad choices. Visit megaphone.fm/adchoices
Innovation & Excellence sounds enticing, but where is it's place when it comes to investing? Whether it's in your personal life, business, or investment strategies there is one element that defines greater success over another - innovation. Today's guest, Jose Pires, joins us to share advanced insights into what really creates the ability to scale from ordinary to excellent, and what innovations role is. While it is necessary, it must also be managed with excellence to effectively scale. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, let's talk about Institutional Investors! As a passive investor myself, as well as a sponsor and operator, I've learned quite a bit about the pros and cons of being involved in real estate investments alongside institutional investors. Listen in to learn what the benefits are for individual investors, but how that can also create some additional challenges for a sponsor that has partnered with them. Learn more about your ad choices. Visit megaphone.fm/adchoices
Learning from those that have already succeeded is a regular practice of the wise. Join us today to do exactly this with Ken Van Liew, who shares with us what he has defined as The Modern Wealth Building Formula. Regardless of what type of business or assets your focus is on, the principles apply nonetheless. In this episode, you'll learn how to move to the next level by leveraging the strengths of relationships, overcoming capital obstacles, and be inspired! Learn more about your ad choices. Visit megaphone.fm/adchoices
Whether you're a seasoned investor or new to multifamily investing, the reality is that due to COVID the "old school" principles are not quite the same. In this episode, I'm sharing what I have seen to be the best approach to evaluating deals that takes into account the impacts we've seen in various markets from the pandemic. Listen in to learn why occupancy, projected rent growth, and bad debt, amongst other key items, must be carefully scrutinized now more than ever. Learn more about your ad choices. Visit megaphone.fm/adchoices
Be prepared to quite possibly have your mind blown! This week, tax strategist expert Julio Gonzalez, shares with us the strategies used by large institutions, family offices, and ultra-high-net-worth individuals that many CPA’s and investors often don’t even know about. In this episode, you will discover there are some key tax credits that are often overlooked or actually available within the marketplace that can make a significant impact on reducing your tax burden, if you know where to find them. Learn more about your ad choices. Visit megaphone.fm/adchoices
I’m happy to report there are significant changes to in the realms of multifamily investing. With the ending of the 1st quarter of 2021, we have seen a dramatic shift in multiple aspects. Listen along to learn how deal flow has greatly accelerated, if the market favors buyers or sellers, what changes have taken place in cap rates and yields, and more! Learn the here and now of multifamily market activity to help move your own investments towards stronger growth and maximized returns. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s episode is all heart! Alvin Hope Johnson joins us today to share his passion for living a life that is not just based on profits, but making lasting and real impact in the lives of his tenants and their communities. Listen along to his own incredible journey, which began with him being a handyman, to now being the owner of multiple companies, including Hope Housing Foundation, an affordable housing development company. Learn how he aligned his passion and purpose into his career so you can too Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to underwriting, there are a lot of assumptions that come into play. This week I am sharing all about how we are utilizing AI to refine the accuracy of our underwriting by analyzing many data points that identify which markets are best for investing in, what type of assumptions are in-line with that hard data, and even predictions on tenant behavior and occupancy trends. If you've not yet heard about AI, this is a great episode to lead you into the next generation of tech savvy investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
Join me this week for a deep discussion into global economic factors with Sourav Goswami. This episode is loaded with a breadth of information including the current state of real estate investing, global economics and it's associated impact on migration patterns from coastal to non-gateway markets, and affordability metrics and housing within the urban core markets. Learn more about your ad choices. Visit megaphone.fm/adchoices
The concept of leaving a solid company and paycheck in exchange for becoming a full-time investor is increasingly becoming the new American dream. This week I’m sharing how to take the next step when it comes to transitioning from a full-time employee to a full-time investor. Listen along to learn how to strategically get to the point where you can replace your income through real estate investments. It's not only possible, but many are living proof of it everyday. If they can do it, so can you! Learn more about your ad choices. Visit megaphone.fm/adchoices
This week's episode continues to pull back the veil on family offices and the approach they often use in not just real estate investing, but also in scaling out their portfolios and businesses. Listen in to learn options for scaling, why cash flowing assets is a key to doing so, and what other aspects of investing they are focused on for diversifying. This episode covers which markets are most promising, a strong caution on debt leveraging, and some important projections for multifamily investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
Whether you're an individual investor, a "high-net-worth" individual, or a single family office, this week I am sharing how to take that next step when it comes to establishing a large family office. Generally speaking, a small family office will be managing around $20M in investable assets; a large family office at $100M+ under management. Listen along to learn what the fundamental steps and considerations need to be for growing into the next level and the associated cost structures for running one. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week's episode provides great food for thought and powerful insights, as Jesse Todisco and I cover ground on managing investments throughout COVID, the recent reddit frenzy, and finally how to navigate through current market volatility to reduce risks, keep cash flow strong, and thrive in spite of the challenges. Listen along to learn where discipline and emotion balance out in investing, as well as some percipient advice in maneuvering through rough market waters. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today, I am reflecting on the 3 main shifts I've taken note of during this last year of COVID impacted real estate investing. Listen along to learn how investors and lenders have pivoted throughout the pandemic, the interesting changes in how debt is being viewed and utilized, where equity has shifted from the traditional sense, and how investment structures have also adapted through these unprecedented times. Learn more about your ad choices. Visit megaphone.fm/adchoices
With the significant twists and turns of last year, and the continued impacts and challenges still developing out, 2021 is a year that can present many opportunities. Join me this week for a very interesting discussion with Peter Powers on where these opportunities exists, and how family offices are responding to them. From high level tax strategies to distressed assets to diversifying, we cover several topics that highlight strategies you can execute in your own portfolio for 2021 and moving forward. Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to assessing new investing opportunities, or managing a current portfolio, remaining vigilant to the market is always important. This week I dive into some of the most influential macro factors that can impact a property's performance. When you become aware of the additional forces at play in a market, you are better equipped to make a wise investment, adjust your strategy midcourse, or recognize opportunity to walk away from. What are these macro forces? Listen in to find out! Learn more about your ad choices. Visit megaphone.fm/adchoices
If you've found yourself vacillating between the idea of being a full-time active vs passive investor, tune in. Nico and I discuss why this often becomes an appealing idea, particularly when it comes to creating generational wealth, along with several of the misconceptions that can make the journey far more complicated than anticipated. Listen along to learn the real pros and cons of each approach, how to ensure your goals and personality align with it, and most of all, how to best accomplish your them! Learn more about your ad choices. Visit megaphone.fm/adchoices
Success begets success. If you're not familiar with this saying, the meaning is pretty simple: successes add up. First comes one, then another, and so on and that's how significant wealth is generally acquired. It's exciting to become a multimillionaire, but as money grows, so does the process of managing it. This is where the concept of a family office begins. Today's episode is all about understanding not just what a family office is, but why they are established and the benefits of doing so. Learn more about your ad choices. Visit megaphone.fm/adchoices
Raj Gupta is here this week to share some perceptive insights from his former time as a Navy JAG Officer, and now, onto being a full-time real estate investor. Listen along to learn how he made the transition, as well as his strategic advice on successfully investing based upon economic cyclicality. By joining us you will learn how to recognize where we are in the current market cycle, what opportunities this creates, and most of all, how to capitalize on them now. Learn more about your ad choices. Visit megaphone.fm/adchoices
As we power through the economic recovery from the impacts of COVID, there is no doubt that the recently enacted stimulus package has brought in much needed support. Though the stimulus is not a perfect solution, it does bring opportunity and funding solutions you don't want to miss out on. Listen along to learn which components of this bill are most advantageous for multifamily investors and operators, and how you can access these funds to keep your portfolio, tenants, and community thriving. Learn more about your ad choices. Visit megaphone.fm/adchoices
THIS may be the best use of your time today, and it's rare we tout this bold of a claim. Today's guest, Jeffrey Holst is here to share what he calls his "last life ever" philosophy, and it's a refreshing and inspiring concept. Listen along to learn how this type of mindset can help you live your BEST life now. After all, of all your assets, YOU are the one worth investing in the most. Learn more about your ad choices. Visit megaphone.fm/adchoices
When your aim is to be successful, it’s not just about profitable investments and a thriving business. I’m a firm believer in lifelong learning, as self-development and education continually play a vital role in growing and achieving the many layers of success to be had. This week I am sharing three of the most impactful books I read last year. Listen along to hear which books I selected, what key lessons were learned, and how you can benefit. Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode has a handful of "truth bombs" that are sure to help expand your perspective and provoke some serious "reality check" thoughts. Today, Anthony and Cameron share how their focus in growing wealth starts first in shifting your perspective and building out a strong foundation on financial knowledge. The era of unknowledgeable investing has come at a significant cost to many, and today's episode delves into how to avoid these missteps and instead, equip yourself for measured and strategic success. Learn more about your ad choices. Visit megaphone.fm/adchoices
When you take time to analyze and learn from the success of others, you are far more likely to make progress on your own goals. Based on 3rd party research, this episode covers some surprising insights. Which assets are family offices investing in? How are they responding and positioning themselves in the midst of a global pandemic and a significant downturn in the market? Listen along to learn what they are doing, so you can do the same! Learn more about your ad choices. Visit megaphone.fm/adchoices
The "American Dream" has been redefined. Today, Dave Seymour and I share a perceptive exchange on how it's changed, why, and most importantly, what does it really take to achieve it? One hint is lazy money - if you're not sure what that is, this episode is one you don't want to miss! Listen along as Dave shares how to strategically achieve the goals you've set, especially retirement, by molding your mindset, maximizing your funds, and maneuvering your own exceptional investment strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Market trends are very important to monitor. Today, I am sharing the most up to date trends in multifamily investing that I am observing as a real estate investor & sponsor. Listen along to gain insights into how the industry is currently looking as we have moved into 2021: from bad debt, to occupancy rates, to deal flow, and most importantly, returns! By listening in you will be better equipped to evaluate new investment opportunities, and adjust your strategy, if needed, for optimal results. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's guest, Dr. Jeff Anzalone, is here to share how his realization of being dependent on one income led him down a road of discovery to not only the power of real estate investing and passive income, but also the tremendous tax advantages that are created from it. Listen along to learn how to best diversify your portfolio, invest with a clearer focus on cashflow, and most importantly - maximize your investment strategy and structure to unearth further avenues for tax savings! Learn more about your ad choices. Visit megaphone.fm/adchoices
“It takes money to make money.” We’ve all heard the saying and the reality is it’s true. There are many investment vehicles to choose from, and the opportunities can sometimes be almost overwhelming. In today’s episode, I am sharing my opinion on how I personally diversify my portfolio. There’s no one way fits all approach to this, and I’m certainly not an investment advisor; but if you’re evaluating how to further diversify your own portfolio, these are my thoughts on where strategic succes Learn more about your ad choices. Visit megaphone.fm/adchoices
As any experienced investor knows, a weak or undervalued CapEx can impact returns on an investment significantly. Yet, it is often one aspect of a deal that many fail to look closely at, and that oversight can be very costly. Join me and today's guest, Jorge Abreu, to learn how to really conduct an efficient evaluation of a CapEx budget, as well as the team that will manage it. Learn how to sharpen your insights for evaluating your next investment to avoid unneeded risks and keep your returns optimized! Learn more about your ad choices. Visit megaphone.fm/adchoices
Data can be a very valuable source of information for investments, market trends, projections, and more. However, it can also be skewed and manipulated, to make any deal look good on the surface. This week I am sharing three of the most critical, yet subtle, data traps that passive investors often overlook or may not even consider at all. Listen along to learn what these are, and most importantly, how to thoroughly assess your next investment opportunity with a more stringent and skilled eye. Learn more about your ad choices. Visit megaphone.fm/adchoices
There's a lot of heart and wisdom in today's episode as Loe Hornbuckle and I cover some in depth topics on what it's like to invest in senior living. Listen along to learn why this asset class is less about real estate and more about service, what unique challenges it brings along with it, and how Loe has been able to navigate his properties and residents safely through the challenging times of a pandemic. Most of all, you can discover how profits and serving can absolutely both go hand in hand! Learn more about your ad choices. Visit megaphone.fm/adchoices
No one can predict with certainty what the future holds, but there are fundamental principles to investing in general, as well as multifamily assets, that have proved true even through 2020. So, what will 2021 most likely hold for multifamily investments? In today’s episode, I am sharing three predictions I feel confident about. Listen along to learn which markets are most likely to perform well, what will happen to rent growth and demand, and what these implications mean for deal flow in 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week we bring you a powerhouse episode! Sterling White and I share an in-depth and inspiring discussion on one of the biggest risks to any success: limiting beliefs. If you’re not familiar with the concept of limiting beliefs, or if you are passionate about tackling them in your own mindset, this is an episode guaranteed to get your inner drive lit up! By joining us this week you will learn not just what limiting beliefs are, but how to recognize some that are often overlooked, so you can scale up. Learn more about your ad choices. Visit megaphone.fm/adchoices
We can unanimously agree it's been quite a year! While I naturally enjoy challenge, this year accelerated growth, adaptation, and improvising as a business owner and investor like none other. In this week's "High Achievers Series" I am sharing three of the most impactful lessons that I gained from navigating my business, Blue Lake Capital, and our investments through 2020. Listen along to learn market insights, proverbial wisdom, and real time impacts and trends in the multifamily sector. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's no secret that real estate investing is one of the most widely utilized strategies for growing significant wealth. With the challenges of COVID, these are times that some investors begin to pause and second guess this age old wisdom. Today's guest, Hunter Thompson, is here to share what passive investors need to be aware of when investing during COVID and why this season is not a threat to further growing your portfolio and increasing your overall net worth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to our NEW Season 3 Special Edition: The High Achievers Series! To begin, today’s episode focuses on an advanced key factor for success: increasing income. While some strategies are obvious, such as value-add, there are still many other approaches that can be utilized to help income consistently increase. With some creativity, attention to detail, and a little extra effort, you can implement these steps in your own investments to help significantly drive up your profits. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today’s episode is nothing short of fascinating. Eng Taing joins us to not only share his incredible story of being born in a refugee camp in Thailand, but how that experience impacted him in building out the success he has today. Listen along for refreshing inspiration, keen insights into building out a strong mindset, and detailed and pragmatic advice on how Eng has built out an automated, and very impressive, data driven process for efficient asset sourcing and underwriting. Learn more about your ad choices. Visit megaphone.fm/adchoices
Closing a real estate transaction, particularly large ones, is always a challenge. Enter a pandemic, and oh my, even more so! In this week's special edition I help give some clarity into how the process has changed, which new obstacles we had to adapt to with our due diligence, financing, and capital raise, and most importantly, how to get the deal done! Listen along to learn how to be prepared for your next investment opportunity and how to keep your portfolio growing in these unprecedented times. Learn more about your ad choices. Visit megaphone.fm/adchoices
The reality is that building wealth and financial freedom is a long game. In today's episode, Darin Batchelder and I go into depth discussing how this type of mindset is a growth process, that requires maturity, discipline, and patience. One significant benefit is that this ultimately can help to reduce risks by not making hasty and poor investing decisions. Learning this will help you build your wealth and scale your portfolio in a stronger position for continued success.
Learn more about your ad choices. Visit megaphone.fm/adchoices
There's a phrase in real estate investing known as "OPM". It stands for "other people's money", and it's a way that I, and other investors, gain access to larger deals and are able to scale our portfolios faster. In theory, it's a win-win. However, a catch with OPM is when the syndicator, who should really be the lead investor, doesn't invest in their own deals. I can assure you that you evaluate a deal very differently when you have your own skin in the game! Listen along to learn how. Learn more about your ad choices. Visit megaphone.fm/adchoices
There’s a reason we all get into real estate investing. Is it just about the money? Sure, for some, it might be. Yet, it’s no secret that where you spend your time and what you're passionate about tends to spill over into your motivations and further shapes you. In today’s episode we get to the very big heart of the “why” with Bruce Wuollet. This episode will give you a fresh perspective into finding depth and meaning in your investments, recognizing opportunity beyond profit, and inspire you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate investing is a balance of an art and a science. Today I'm peeling back the layers to give you insight into this process. When it comes to data and numbers, interpretation is usually pretty straight forward. But...numbers are not always the entire story, and when you're investing in real estate, the story actually matters! By listening in you'll learn how to not only be pragmatic in investing, but also why and how to tap into your "gut" and let your EQ and intuition play it's role. Learn more about your ad choices. Visit megaphone.fm/adchoices
Once you've spent enough time with other real estate investors, you will begin to pick up on a certain common goal amongst the vast majority: retiring early. Not all investors are radically passionate about real estate just for the sake of real estate; the allure and power of real estate investing is creating a life of freedom and more control over your own destiny. Today's guest, Eric Martel, did this in just four years. Listen along today to learn how he did it, and why you can too! Learn more about your ad choices. Visit megaphone.fm/adchoices
In this week's special edition I am going to share with you my inner thought process on evaluating market data, with a hands-on dive specifically into the Atlanta MSA. Listen along to learn what data you need to keep up to speed with at all times, which trends require further investigation, and most importantly, how to use that information to implement adjustments to your business plan and investments to maximize profitability! Learn more about your ad choices. Visit megaphone.fm/adchoices
Real estate investing is all about opportunities! Today, my guest Sean Morrisey and I discuss and evaluate the differences between acquiring strong performing assets versus distressed properties in the midst of COVID. Which of these opportunities are a smarter play, how do you navigate through the financing of each, and lastly, what are the best ways to manage these assets? Listen along to gain great insights into each opportunity to determine what your next best steps for investing can be. Learn more about your ad choices. Visit megaphone.fm/adchoices
All real estate investing deals should be closely evaluated, but with COVID there are some additional items every passive investor should scrutinize. In today's episode, I share the three major factors to analyze before making an investment decision in a pandemic. In doing so, you can make a sound decision, feel more confident in your assessment of the sponsor, and ideally, have a successful investment or avoid the wrong one! Learn more about your ad choices. Visit megaphone.fm/adchoices
There are many ways to build significant wealth, and today's guest, Chris Larsen, is here to help you discover a very interesting and rarely used approach! If you'd like to learn what infinite banking is, this is the episode for you. Listen along to learn how to invest like the wealthy to become the wealthy. Chris shares a brilliant strategy of essentially becoming your own bank, growing additional profit from debt, and taking your income to an entirely new level in the process. Learn more about your ad choices. Visit megaphone.fm/adchoices
Join me today to learn how the rules of the "game" have really changed when it comes to being a sponsor of multifamily properties. Due to the pandemic, this year has brought on new challenges and circumstances that owners and investors have never faced. As we've navigated our way through this season, many of us have had to get creative to ensure our properties continue to be profitable, investors are protected, and investments remain sound. Listen along to learn how! Learn more about your ad choices. Visit megaphone.fm/adchoices
Chris Arnold is "living the dream" and has achieved what many of us endeavor to do - freedom of time, resources, and lifestyle. In today's episode Chris shares with us how he owns and manages his US real estate company from the comfort and beauty of Tulum, Mexico. Listen along to learn the steps he took to reach this milestone, as well as his powerhouse marketing approach that helped him get here. This episode can help revolutionize and recharge your goals with a new and clearer focus! Learn more about your ad choices. Visit megaphone.fm/adchoices
Since I speak with Investors regularly, it's not uncommon for me to be asked, "What do you personally invest in?". It's a very fair question, and a great one! In today's episode I share what I do and what I don't invest in, why, and which aspects of investing are my personal favorites. If you are wanting to learn more about becoming a passive investor, diversifying your portfolio, or strategically scaling it, this episode will help you think through the options that are best for you. Learn more about your ad choices. Visit megaphone.fm/adchoices
Wow - what is this now? An anti-financial plan? That's right! Join me and our guest, Chris Miles, for a lively discussion on what an anti-financial plan is and how shifting your mindset away from the more traditional approaches to money management can lead you into an early retirement. Listen along to learn what these misconceptions are, if you're thinking like a gambler vs an investor, and most importantly, how to find your success far sooner than you may realize is possible. Learn more about your ad choices. Visit megaphone.fm/adchoices
One of the most common questions I'm asked now is, "How are your properties performing?". Today I am going to share with you my own personal experiences of what is has been like to own and operate multiple multifamily properties during the pandemic. The great news is that while the skies have seemed full of storms, the reality has not been that way. Listen along to learn the 3 best lessons I've gained from this experience, as well as real time insights into how COVID is impacting multifamily investing. Learn more about your ad choices. Visit megaphone.fm/adchoices
Prepare for an episode that is very likely not what you’re expecting to hear! If your first thought is 1031 exchange, then that is all the more reason you need to listen along to Brett Swarts today. There’s a strategy many investors are not aware of, and it’s a powerhouse: the deferred sales trust, also known as DSTs. What are the advantages of this, which assets does it apply to, and how can you go about potentially saving millions by utilizing it in your portfolio? Learn more about your ad choices. Visit megaphone.fm/adchoices
While no one is pleased to have yet another eviction moratorium in place, this time, there are some significant differences than the first. Join me today to take a deep look into how this moratorium isn’t as restrictive as the first, and to learn why you can still begin an eviction process under certain circumstances. This episode covers the impact of the moratorium to not only investors, but now on a more level playing field, tenants as well. Learn more about your ad choices. Visit megaphone.fm/adchoices
Deal flow is back in action, and it's time to dig deep into all the details of what is it like to be navigating through active acquisitions in the middle of a pandemic. Robert Martinez joins us today, keeping it real, with all the efforts that go into keeping a business moving forward during COVID. Listen along to learn what deals are looking like, which details are important to consider, and helpful insights for how to improve your business right now. Learn more about your ad choices. Visit megaphone.fm/adchoices
The truth is good and bad deals were here before COVID, and are still present today. With real estate investing, if your goal is to create the best outcome for your own portfolio and investors, getting creative is a must. This is the key to transforming an "ok" deal to a "good" deal! Thanks to my prior career in real estate law, and now being an owner and operator myself, you can listen along to learn 3 strategies you can implement to help optimize, and close, your deals. Learn more about your ad choices. Visit megaphone.fm/adchoices
When purchasing an investment, there's always careful work that needs to go into your due diligence. Enter a pandemic, and now that is even more of a challenge. Today's guest, Veena Jetti, shares her expertise in disaster recovery and how to adapt to new challenges. Listen along to learn what new precautions need to be taken, as well as important items to consider that we may have once overlooked pre-pandemic.
Interested in a passive investing opportunity? See our newest deal here: https://bit.ly/32bRmob Learn more about your ad choices. Visit megaphone.fm/adchoices
This week I bring you some good news! The SEC has expanded their current definition of an accredited investor. Why does this matter? Broadening the scope of who is and who is not considered accredited can exponentially increase the amount of opportunity available to investors, as many deals can be exclusive only to those that are. Listen along today to learn what these expanded guidelines are and if you fall into the new parameters.
View my newest investing opportunity here: https://bit.ly/32bRmob Learn more about your ad choices. Visit megaphone.fm/adchoices
Today's guest is Nick Simpson, a thriving entrepreneur who started understanding the power of building out your own success at the young age of just 12. Nick focuses on a blended strategy in real estate investing, with 25% on development of student housing, and 75% of investing in existing assets. Listen along today to learn how the process of development works from start to finish, what interesting impacts COVID has made on student housing, and why it's Nick's preferred niche. Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to asset management, one key component is of course, the tenants. The reality is no property is profitable without a good tenant base, and when you want to win at the game of investing, managing tenant relationships has to be a priority in your business. This special episode I'm going to share with you 3 creative strategies in managing non-paying tenants. Learn more about your ad choices. Visit megaphone.fm/adchoices
Whether you've done it once, or 100 times, effectively marketing a new investment opportunity and going through the capital raising process is always a challenge. Enter COVID, and as is true for everything else, the challenge just got a little tougher. But today's guest, Jake Marmulstein, is here to share how to harness technology to make your marketing as effective as possible, and some key tips in developing powerful relationships and business processes to move your prospects to investors! Learn more about your ad choices. Visit megaphone.fm/adchoices
Politics aside, this week I am taking a candid look into Trump's recent Executive Orders, and what type of direct impact these bring to multifamily investments. There is some good news, but also some areas of gray that should be noted. Listen along to learn what was actually an order vs memorandums, and why that matters. Which components will help renters, and therefore your investments?
Interested in Our New Investment Opportunity? Email me at Ellie@bluelake-capital.com Learn more about your ad choices. Visit megaphone.fm/adchoices
There are many ways to be profitable in real estate investing. Anthony Scandariato joins us today to talk about one creative approach with mixed-use properties. Listen along to learn how to maximize a diverse portfolio and make the most from both retail tenants and multifamily. In this episode, you'll learn the major differences between these types of investments, and how to adjust from one tenant base to another in process and strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
It's time, yet again, to keep you up to speed with real time insights for real estate investing with State of the Market, August 2020. We'll begin with some great news on deal flow, as well as cover current data on occupancy and collections. What's the best approach for bad debt and what types of strategies can you implement in regards to the fluctuating eviction moratoriums? What are the attitudes of sellers and buyers? Listen along to keep your fingers on the pulse of all things multifamily investing! Learn more about your ad choices. Visit megaphone.fm/adchoices
Some may just think it's a buzzword, but mindset really is one of the most powerful forces in creating and living a successful life. On today's podcast, we are diving into the most critical asset we all need to invest in right now: our own mindset. Steven Pesavento, host of The Investor Mindset podcast, brings us the very best of the lessons he's gleaned from some of the most successful investors around. Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to raising capital, it's never easy. Now with the complications brought on by COVID, the challenge can appear even greater. However, the great news is that once you've established the right system and network, raising capital is absolutely do-able! Listen along to learn how to raise capital the right way, what expectations you need to adjust for both yourself and your investors, and how to help ease the mind of those nervous of investing in these more unprecedented times. Learn more about your ad choices. Visit megaphone.fm/adchoices
While some things have remained the same, a lot has changed. In today’s podcast episode our guest John Cohen takes a deep look into market conditions and how to adapt as investors. From purchasing and selling, to navigating tenants with the bottom line in mind, John gives out some solid wisdom to help implement into your investing strategies for optimal outcomes. Most importantly, listen along to learn what he sees as being the biggest mistake investors are making in the midst of COVID. Learn more about your ad choices. Visit megaphone.fm/adchoices
There are many ways to increase a property’s income. This week I am sharing 5 strategies I implement on my properties that can bring an immediate boost to your bottom line. With a little creativity and effort, you’ll learn how there are a number of ways to build in value at your multifamily properties. Not only will this improve your NOI, but also curb appeal, amenities, and the overall quality of the tenant base you’ll begin to attract. Listen along for tips you won’t want to miss!
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To some it may seem a pipedream, but becoming a self-made millionaire is achievable, particularly with real estate investing. Today Willie Mandrell gives us the blueprint in how he has been able to thrive financially, with some additional insights into how to navigate and achieve this goal specifically in a recession. Listen along to learn the keys he’s identified for defining and achieving your own financial success!
Hungry to learn more? Grow Your Knowledge Here: https://www.ellieperlman.com/training Learn more about your ad choices. Visit megaphone.fm/adchoices
I’ve heard a few common misconceptions on real estate investing during the pandemic far too often lately, so today’s special edition episode is to help set these false beliefs in a better direction. Listen along as I tackle these 3 subjects head on, and feel free to share your thoughts as well in our comments! Learn more about your ad choices. Visit megaphone.fm/adchoices
If you’ve wondered what all the hype is about when it comes to thought leadership, this is the episode for you! (Hint: It’s because it works.) Ruben Greth joins us today to equip and inspire you on how to build out your own reputation as a thought leader, even if you’re not an expert! Whether your aim is to raise capital, attract partners, or get hot leads on off-market deals, this episode will help walk you through the process of building an entire platform out from scratch. Learn more about your ad choices. Visit megaphone.fm/adchoices
It’s an uncomfortable subject, but an issue that must be addressed. As multifamily syndicators and investors have maneuvered through the recent 120-days of the COVID-19 federal eviction moratorium, for now, that time is up. Listen along to learn how the process can best be handled, when to move forward or avoid it, and even more so, how to keep the right perspective in place to hold onto the balance of prioritizing your business and being humane. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today’s well-known guest, Pat Hiban, has a diverse and successful history in real estate investing to share. As a top selling New York Times author, Pat is here today to help guide us in how to capture what matters most: making the money we need to spend our time where it’s really valued.
Listen along to learn how to hone your focus into dollar productive activities to maximize your time, your portfolio, and your overall income to significantly boost the quality of your life! Learn more about your ad choices. Visit megaphone.fm/adchoices
It’s time for our monthly State of the Market multifamily insights, trends, and tips for our continued journeys throughout the economic impact and investing challenges that have come along with COVID-19. How are multifamily properties currently performing? What type of impact has there been on the current demand for housing? What types of deal are hitting the market, and who’s in sandbox competing for them?
Listen along today for your July 2020 updates! Learn more about your ad choices. Visit megaphone.fm/adchoices
A very common challenge many eager investors face is having the desire, but not the capital. Today’s guest, Travis Smith, proves how creativity and resourcefulness can and does make for successful real estate investing. Listen along to learn how he transformed his finances through investing in a powerful way: with a tribe. Packed with powerful tips from how to mitigate emotion through data, to creating manageable monthly capital contributions, Travis shares the info you need to achieve your investing goal Learn more about your ad choices. Visit megaphone.fm/adchoices
Times are unprecedented and so much is changing so quickly. In light of this, one of the most common questions everyone is now discussing in the realms of real estate investing is, "Should you buy now or wait?". In today's episode, I share with you my opinion on the matter, as well as some advice on key elements to take into consideration if you are moving forward in acquiring new properties and investing into new markets. Learn more about your ad choices. Visit megaphone.fm/adchoices
It’s a common truth amongst pretty much everyone that what our life was just a few months ago is quite different today. For some, it may be extreme shifts, and for others a smaller adjustment. Either way, we are all in transition. However, change can also present opportunity! Listen along today to learn more about life as a full-time investor with our guest Drew Kniffin, and rather or not this might be the next big step you take in your career! Learn more about your ad choices. Visit megaphone.fm/adchoices
While none of us have a crystal ball, there are still some fundamental principles within real estate investing that can guide us. Granted, given the impact of COVID-19 on the economy, this is a time to adapt and revise some strategies. In today’s episode, you will learn some common mistakes in current real estate investing practices.
Rather you’re a syndicator or a passive investor, this episode will help you learn what these mistakes are, the impact, and how to not fall into the trap! Learn more about your ad choices. Visit megaphone.fm/adchoices
The recession is here and it’s time to adjust. Andrew Cushman provides excellent advice on not only identifying which asset classes are most likely to be recession resistant, but what steps you can take now to help protect your assets through the upcoming challenges. In today’s episode, Andrew provides a thorough oversight of each asset class and where they fall in risk vs reward. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s Special Edition dives right into an important question on everyone’s mind: which assets are currently struggling the most for real estate investing? Given the impact of the pandemic, unemployment rates, and the recession, change is swift. Listen along to learn the 5 assets struggling more than others and more importantly, why.
Be sure to tune in next Tuesday for more real-time reports, market data, and pandemic investing insights! Learn more about your ad choices. Visit megaphone.fm/adchoices
Brian Burke has a very diverse real estate investing background and is well acquainted with everything from subdivided land to developing single family homes to multifamily syndication. Who better to share with us how the current economy is impacting different asset classes and forcing revised investing strategies? Tune in today to gain a wide angle lens of the market as a whole, and excellent advice for planning your next steps with an enlightened buying strategy! Learn more about your ad choices. Visit megaphone.fm/adchoices
Due to COVID-19 and the final start of the recession, there have been some significant changes to traditional financing options for multifamily investments. For this month's advanced training we're going to focus on how to navigate through these changes, to not only successfully secure financing but to also optimize your strategy! Listen along to learn how debt terms have changed, what the new applicant process entails, and how to ensure you are ready to be approved and keep your portfolio growing. Learn more about your ad choices. Visit megaphone.fm/adchoices
What do the 1% know that most everyone else does not? Our guest, Holly Williams, is her to lend her guidance. Learn how success by the wealthiest is actually achieved even in a downturn, and which myths for retirement and “financial health” are the most dangerous to fall into. Holly explains how “to not die broke” but instead build generational wealth like the 1% by strategically investing, intentionally stimulating the economy, and optimizing the tax code to keep your portfolio thriving. Learn more about your ad choices. Visit megaphone.fm/adchoices
Now that we’re officially navigating through a “COVID economy” these last few months, it’s become clear that business must still continue to move forward in spite of it all. Today’s episode focuses on how to properly vet new deals given the unique factors that we’re now working with. In this special episode, I share with you 3 key steps to take to ensure you’re investing with the right sponsor, in the right markets, and on the right terms and condition. Learn more about your ad choices. Visit megaphone.fm/adchoices
Now is the time, more than ever, to recognize that having strong control of our finances and funds is vital. Today’s guest Kaaren Hall is here to lend guidance on investing and diversifying with a self-directed IRA. Listen along to learn how IRC 4975, the rules for IRA investments, has evolved with the challenges of COVID; along with the CARES Act impact. This episode will help you see and understand yet another layer of opportunity in investing and growing your wealth, even in a climatic market shift. Learn more about your ad choices. Visit megaphone.fm/adchoices
While none of us are pleased with the circumstances that COVID has created, there is an overlooked benefit: new challenges create new opportunities. Being that these times are unprecedented, there's not a best practices guide. We have been forced to learn and adapt in real time. Today's episode shares with you how we learned to bypass assumptions, get creative, and surprised even ourselves when our new strategy has thus far resulted in nearly a 30% rent increase, in the middle of a pandemic!
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For our centenary episode, we bring a highly valued guest, the esteemed Bob Fraser. Listen along to learn an often overlooked opportunity in investing - becoming the bank. Bob specializes in distressed residential mortgage notes, and shares how this niche creates an essential evergreen fund, particularly during times of economic turbulence.
Help us celebrate our 100th episode today by taking a moment to give us a rating and review. Your thoughts and feedback are greatly appreciated! Learn more about your ad choices. Visit megaphone.fm/adchoices
With the impact of COVID-19 on the economy, the multifamily industry is experiencing swift changes as each day reveals new data, and trends begin to form. What are we seeing as investors and syndicators?
Today's special edition episode highlights 3 key areas:
Collections Impacts on Business Plans and Strategy *Deal Flow - Are there deals and if so, what kind?
If you enjoy this episode, please take a moment to give us a rating and review. Your thoughts and feedback are always appreciated!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Today’s guest Sapan Talati, a self-proclaimed “data junky”, is here to help focus on boosting returns by strategically taking advantage of building out an in-house property management team for your investments, as well as others. Listen along to learn how to recognize if this strategy is right for your business, how to effectively build out the team, and most importantly, how to utilize this additional business unit for maximum advantages in managing your assets and generating profits! Learn more about your ad choices. Visit megaphone.fm/adchoices
The reality that COVID has created major impacts on markets and the economy is clear, and it’s not simply going to blow over anytime soon, if ever. Things have changed. In today’s episode, I’m sharing with you 4 tactics I have personally used on all my properties that have significantly cut operational costs and increased cash flow! Listen along today to learn, in just 12 minutes, how to implement these tactics to keep your investments profitable and business marching forward. Learn more about your ad choices. Visit megaphone.fm/adchoices
One of the keys to succeeding in any area of life is knowing when to seize opportunity. While we are all now facing challenges, there is also opportunity that is likely to continue to grow exponentially! Today’s guest, Tim Bratz, specializes in exactly this: creating true wealth with distressed properties. Listen along to learn how to identify the different types of distressed properties, and more importantly, his astute strategy to quickly seize the opportunity for both quick and long-term profits. Learn more about your ad choices. Visit megaphone.fm/adchoices
For this First Tuesday of the Month Advanced Training, you will learn the answers to some serious questions: Should you invest now? How do you wisely passively invest even in this type of a volatile market? And finally, what type of questions should you be asking your syndicator now that you may not have before?
Despite the volatility of the market, investing can and should go on. Listen along to learn how to best position yourself through the turbulence to turn adversity into victory! Learn more about your ad choices. Visit megaphone.fm/adchoices
Unfortunately, sometimes the slightest mistakes and oversights in business can be the most costly. Don't let that be you! Today's guest, Andrew Pierce, is here to share with us how forming an LLC is one of the best ways to protect yourself, your overall business, and investments. Rather you are an active syndicator or passive investor, this episode is packed with information and insights to provide privacy, asset security, partnership clarity, and more! Learn more about your ad choices. Visit megaphone.fm/adchoices
There is so much uncertainty in the market right now, but life and business must march on! In today's special edition you'll learn 4 specific negotiation tactics to help you win deals, wisely, even as we navigate through the current economic crisis. These tactics will teach you how to negotiate unique solutions to mitigate risk, create win-win solutions for your business, investors, and even sellers - all in under 20 minutes!
Learn more about your ad choices. Visit megaphone.fm/adchoices
This is a definite question many syndicators and passive investors are having to stop and ask themselves right now. Today’s guest Jens Nielsen shares his inner thoughts as an investor and operator of how he and his team are tackling the question of, “What Now?”. Listen along to learn factors that should be carefully considered before making your next move in purchasing real estate investments to ensure you’re making the right choices for your investing criteria, in spite of current market ‘unknow Learn more about your ad choices. Visit megaphone.fm/adchoices
We all continue to hear the same word – unprecedented. Given that, the sharing of information and insights has never been more urgent. Hence, today I share with you the “State of the Market”.
What are the behaviors of buyers and sellers? What is happening with debt structuring and financing for current properties, as well as potential new deals? How are collections going across the nation, and how do you handle a hold on evictions? Listen along today to get up to speed and stay a step ahead!
Learn more about your ad choices. Visit megaphone.fm/adchoices
As both a passive investor and syndicator himself, JP Albano understands being on both sides of the table in a recession. Today, we dig deep in discussing what kinds of limited beliefs people commonly struggle with in financial crisis. If you’d like to be freshly reminded to see and seek opportunity, it begins first with your mindset! Learn more about your ad choices. Visit megaphone.fm/adchoices
Learn how to create a streamlined process to raising capital, regardless of the cycle we're in, with these key 5 steps. Listen along or feel free to visit my YouTube channel "REady2Scale: Multifamily Investing with Ellie Perlman" to watch along in a webinar format.
Transform your capital raising by creating processes that will keep a constant funnel of investors coming to you, deals over-funded, and business thriving! Learn more about your ad choices. Visit megaphone.fm/adchoices
There is a famous quote I’m sure most have heard from Warren Buffett, “Be fearful when others are greedy, and greedy when others are fearful.” If ever there has been a time that these words carry great wisdom, it is now. In the face of an unprecedented time in all our lives, regardless of generation, how do you wisely proceed forward in your investing strategies?
Today’s guest, Veena Jetti, is here to help share some wisdom and insights into how to continue staying the course even in a recession. Learn more about your ad choices. Visit megaphone.fm/adchoices
How often do you walk away from a conversation and simply think, “Wow, that guy is incredibly smart!”? Join us today, with our guest Neal Bawa, for this exact experience. Having a plethora of advanced business knowledge, real estate investing insight, and a passion for data driven decision making, Neal will literally make you smarter! Listen along to learn how to hire and manage virtual assistants in a strategic, profit driven manner to scale and thrive, even in the midst of an economic crisis. Learn more about your ad choices. Visit megaphone.fm/adchoices
There is obviously a tremendous amount of uncertainty in real estate markets today, with this being an unprecedented time where best practices are harder to identify. Do you continue moving forward with business as usual, buying and selling properties? Or do you freeze and hold in the midst of a pandemic? Listen along today for a great discussion with Mark Kenney on his perspectives and advice on how to strategically navigate purchasing options and processes in the midst of COVID-19. Learn more about your ad choices. Visit megaphone.fm/adchoices
You may be familiar with a famous quote by John D. Rockefeller, “Own nothing, but control everything.” If ever there is a time to ensure your financial legacy is positioned well, it is likely now. Today’s guest, Natalie Elisha, is an expert on wills, trusts, and wealth preservation strategies. Listen along for important information in understanding the significant difference between a trust and savings, why it is essential to consider one, and how to ensure your wealth and family are protected. Learn more about your ad choices. Visit megaphone.fm/adchoices
What do you do when you own multiple multifamily properties during an actual pandemic? In the midst of COVID-19? Listen along today as I share my thoughts and best practices for how I am personally managing these challenges. In this episode you’ll learn action items and strategies to implement in 3 key areas of focus:
Applying Safety Protocols Rent Collection & Income *Cutting Cost Learn more about your ad choices. Visit megaphone.fm/adchoices
With the increasing demands for affordable housing, mobile home parks are a very interesting asset to consider. The term mobile home is misleading, and today our guest Kevin Bupp explains why. Listen along to learn why this asset class is unique in several ways, including the misconceptions and stereotypes that make this asset the only class within real estate that has a diminishing supply – and precisely how to use that for a strategic investing advantage! Learn more about your ad choices. Visit megaphone.fm/adchoices
Does it sound too good to be true? Yes, but it is actually possible to do what Tamera Aragon stumbled into years ago – buying and selling single family homes by flipping, with no money spent directly from your own pocket! In this episode you’ll learn not only how to flip, but how to also recognize your own greatest strengths and build upon them to develop a successful investing portfolio. Learn more about your ad choices. Visit megaphone.fm/adchoices
When it comes to real estate investing, we all know that keeping a steady deal flow is critical to properly growing and scaling your portfolio. Kyle Mitchell has learned the key to this is relationships, and has made it an intentional best practice in running his multifamily syndication. Learn how to really separate yourself from the “pack” by implementing some of the best kept relationship practices that are the cornerstone of a successful real estate investing business. Learn more about your ad choices. Visit megaphone.fm/adchoices
In today’s episode Mark Podolsky brings a real truth to the table: are you running a business or actually just a high paid freelancer doing all the work, all on your own? Running a business means having the right systems and processes in place, even without you! Listen along to learn how Mark scaled from being a “one-man show” in raw land investing to establishing a legitimate business with key automated systems that keeps his business thriving day and night. Learn more about your ad choices. Visit megaphone.fm/adchoices
Significant success is not achieved alone, at least not in real estate. Real estate is a team sport, and when it comes to scaling out a business, a team is critical. In today’s episode Daniel Ramsey shares how his own goals to scale led him down an interesting path of building out a virtual team, and then blossomed into a second business for him! Listen along to learn how to hire virtually, the process of managing a remote team, and what tasks are best to allocate to successfully scale out your business. Learn more about your ad choices. Visit megaphone.fm/adchoices
If you’ve already established a business, you’ve likely recognized (as all business owners do), that there are always more opportunities and avenues you can take to monetize your business. Jake and Gino’s seasoned advice will help you learn how to look at your business with a wide-angle lens, recognize and evaluate potential revenue streams, set your vision and team up for success, and successfully execute building out revenue from multiple sources. Learn more about your ad choices. Visit megaphone.fm/adchoices
How do you prospect and build out a large network of strictly accredited investors? Today’s guest, John Bogdasarian, has a wealth of knowledge to share.
John has grown out his accredited investors to well over 400, with a potential 1000+ on his wait list. Listen along to learn how he structured a diversified portfolio and built out a large scale business through creative use of asset classes, a blended strategy, and has now scaled to an exclusive private equity firm. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today we have a “first” – not just one guest, but two! Listen along to an entertaining discussion between myself, Adam Southey, and Justin Sliva as they share the very interesting niche of raw land investing with us and it's impressive profitability.
By leveraging technology and creating a very agile team, Adam and Justin share great information on not just this often overlooked asset class, but also on maximizing their business process to allow them to secure deals in 38 different states and count Learn more about your ad choices. Visit megaphone.fm/adchoices
How do you hold onto your entrepreneur dream and create success with very little money and no experience? Enter real estate investing and today’s guest Antoine Martel! Recognizing the power of out-of-state options and the potential to capture single family homes as an entry point into investing, Antoine shares how he learned (the hard way) and implemented the BRRR strategy to create a turnkey company that now has a portfolio in excess of $11M in just 4 years’ time. Learn more about your ad choices. Visit megaphone.fm/adchoices
One small step is all it takes to get started in building your own investing success. Listen along to Jimmy Murray’s story of how he stumbled into this realization with his first house hack, and now has a property management company that oversees more than 700 units and residential homes.
Formerly a financial analyst, Jimmy shares why he knew better success could be found through real estate investing and how he made the leap to walk away from his corporate 9 to 5. If he can, so can you! Learn more about your ad choices. Visit megaphone.fm/adchoices
Market cycles are a hot topic right now, and rightfully so! This week Lee Kearney dives deep into how to recognize where we are in the market cycle, and how to create advantageous strategies for success in the present - and the future.
With an extensive history of flipping over 7000 homes, Lee shares how to identify distressed sellers to secure the best deals and the process of evaluating potential assets, as he says, strictly and always by the numbers. Which numbers? Listen along to find out! Learn more about your ad choices. Visit megaphone.fm/adchoices
How do you get out of the grind and break free from the day to day rat race? Todays guest, Mark Owens, inspires us by sharing how he did it using single family homes, hard money lending, and delegation. Listen along to get very pragmatic advice on how to build out a rental portfolio to not just supplement your income but replace it entirely! Learn more about your ad choices. Visit megaphone.fm/adchoices
It’s no secret that real estate investing can completely transform someone’s life. J Martin has a story to share that is a huge testament to this. From being previously homeless, and at one point a convicted felon, J’s used real estate investing to completely transform his life.
How? Through a very unique strategy of arbitraging Airbnb rentals! By mastering this, as well as outsourcing, J has created a life of extensive travel and freedom while his business continues to thrive while he lives life. Learn more about your ad choices. Visit megaphone.fm/adchoices
There couldn’t be a better gift of an episode than todays with Anne Amagrande sharing the ins & outs of leasing as a unique and profitable strategy.
Anne shares how she has developed beyond the art of just flipping single family homes, to creating an entire second revenue stream and business through a unique lease to own program. She shares how to evaluate risk ratios in selecting her markets, gives outstanding advice on protecting assets and capital, as well as some great economic and market insights. Learn more about your ad choices. Visit megaphone.fm/adchoices
This is an episode that will definitely catch your attention! Minesh Bhindi propels our episode today into some newer waters than usual: by diving into a great discussion over what a REIT is, and why diversifying a portfolio can have tremendous benefits specifically for cash-flow purposes.
With a background specialized in multiple asset classes, including gold/silver, real estate, and stocks, Minesh shares information on rates and strategies that can all greatly increase a portfolio’s diversity. Learn more about your ad choices. Visit megaphone.fm/adchoices
How do you shield yourself from liabilities and avoid the top mistakes, unfortunately, often made when investing in real estate? Today’s guest is Jeff Love, a Partner with Gibbs Giden. He highlights some of the most common mistakes he has seen investors encounter, and more importantly, how to avoid them.
Listen along to great legal insights on identifying red flags, unnecessary liabilities, and mistakes that can jeopardize an investment, or even an entire portfolio. Best of all, this advice is free! Learn more about your ad choices. Visit megaphone.fm/adchoices
If you’ve considered expanding your portfolio, today’s episode will introduce you to a niche asset: farmland. Brandon Silveira, founder of FarmFundr, explains why farmland is a valuable asset and shares his creative approach at investing in it through crowdfunding.
In this episode you will learn how to assess farmland as an asset and the criteria to consider. In addition, if you’ve considered implementing a crowdfunding aspect to your business, Brandon explains the process from beginning to end! Learn more about your ad choices. Visit megaphone.fm/adchoices
Sometimes the best lessons in life are learned through “failures”. Today’s guest Rod Khleif shares invaluable wisdom with us on the lessons he learned in losing nearly a $50MM portfolio back in 2008, and how he re-built it all even better since! Rod’s story not only reminds us that while failure can seem devastating, it is not the final lesson unless you choose it to be.
Listen along to learn how to build out a nearly endless funnel of deals, and turn "defeat" right back into victory! Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s episode is loaded with outstanding information thanks to our guest, the “Mad Scientist of Multifamily”, Neal Bawa. Listen along to understand how significant and powerful the current shifts have become in American demographics, and more importantly, how to benefit and strategize skillfully through these shifts with key data driven decisions. Learn more about your ad choices. Visit megaphone.fm/adchoices
How can you make money in real estate without investing your own, and do so in as little as 2-3 days? Introducing our guest DJ Thielen and his ultimate flipping hack strategy.
DJ shares with us how he identifies prime markets to create the ultimate opportunity to flip single family homes with an almost instantaneous payout. His strategy is unique and differs from traditional wholesaling and/or flipping; hence, DJ discovered the “hack”. Learn more about your ad choices. Visit megaphone.fm/adchoices
What is recession-resistant real estate investing? Listen along with our guest Hunter Thompson to understand how to develop a targeted strategy for recession-resistant investing, and even more so, how to create an infrastructure to be sustainable and successful.
In this episode we discuss the pragmatic steps needed to scale out a business to create an infrastructure to target and attract the right audience. Listen along to learn how to drive like-minded and motivated professionals to your business. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today’s guest, Mike Krieg, knows and understands you can’t have a diverse portfolio and be an expert in every asset and every market. The solution? Partnering with Co-Sponsors!
Listen along to understand how this strategy can be implemented to help scale out your business faster, and diversify your portfolio while reducing your risks. As Mike shares, “This business is all about choosing where to be and who to work with.” Learn how to select a co-sponsor to build out a solid business of trust. Learn more about your ad choices. Visit megaphone.fm/adchoices
Oh, if only it were that easy! Real Estate investing, that is. In this episode, Ola Dantis speaks with such positivity and passion, it is contagious. How can you work with the “law of averages” in successful deal sourcing, and reinforcing your brand? Technology. Listen along as Ola shares his process for applying technology in key ways to maximize scaling his business and creating successful outcomes, time and time again. Learn more about your ad choices. Visit megaphone.fm/adchoices
What do you do when you recognize the time being spent underwriting is consuming too much of your attention? Today's guest, Tom Shallcross, shares with us his matrix accounting process to help position himself to simplify deal analysis, as well as establish a platform he can utilize to delegate and outsource in time. Scaling - it's a process! Learn more about your ad choices. Visit megaphone.fm/adchoices
James Kandasamy is a man that requires no introduction! If you’re wanting to evaluate how to utilize refinancing strategically, learn the process, and be prepared to do so with competency and efficiency,this episode is it!
In addition, he also shares how to protect yourself as a syndicator, with insights such as how to prove forced appreciation and navigate investor relations during the times of strategy transition. This episode provides great information on creating a flexible investment strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s guest is Giovanni Palavicini. As a broker and consultant, Giovanni has a wealth of knowledge and expertise in the flexible workspace industry. In this episode, he highlights the diverse dynamics within this niche sector, gives pointed advice on understanding your brand and goals, and shares how to focus business strategy by blending a retailer mindset with investment objectives. Learn more about your ad choices. Visit megaphone.fm/adchoices
Edna Keep is a ray of sunshine on today’s show! Listen along to learn how to develop the right mindset to raise capital through joint venture with OPM. Edna shares with us her 5 Steps to Attracting Investors, and gives great insight on how this mindset will help you not only get other people’s money for investments, but also ultimately make other people money, as well as yourself!
Asset: Multifamily
Process: Edna shares the five steps of mindset shift needed to succeed.
Strategy: OPM and JV Learn more about your ad choices. Visit megaphone.fm/adchoices
Our guest Chris Salerno shares with us the key to finding off-market deals: relationships! Listen along to gain suggestions on how to effectively manage your time to make relationships a real priority, as well as whom to focus on building them with.
Given Chris background early on as an agent, then a broker, and now a syndicator, you will learn tremendous insights on the motivating factors for all parties involved in a deal, and most importantly, how to capitalize on finding one and getting it closed! Learn more about your ad choices. Visit megaphone.fm/adchoices
Aaron Fragnito shares with us today how he made the uncommon, but often sought after, transition from being an agent to also becoming an investor!
Asset: Multifamily
Process: Aaron most recently created an in-house property management division within his company and shares how best to build one out and the advantages of doing so.
Strategy: Aaron explains to us how to maximize the benefits of a 1031 Exchange (tax deferment) as part of his portfolio strategy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today’s guest Ali Boone has a wealth of interesting and inspiring information to share, for advice in life as much as in real estate! Ali shares with us how she’s succeeding by creating a niche within a niche of the turn-key industry: turn-key marketing. If you’ve considered identifying areas within real estate that go beyond the more traditional roles, Ali’s interview is one you don’t want to miss! Learn more about your ad choices. Visit megaphone.fm/adchoices
How does one find themselves becoming a syndicator? How does the term “cash flow positive” become the catalyst to becoming an investor and then running a full-blown investment firm? Today, Annie will share just that! With great advice on positioning investments in a potential looming recession market, to secrets of successful capital raising, this episode will help you learn and consider several aspects to build and improve your own RE career! Learn more about your ad choices. Visit megaphone.fm/adchoices
Today on REady2Sclae Anna Kelley, aka REIMom, dives deep into the land of AirBnB’s. If you’ve considered diversifying your portfolio, her insights and advice on this newer emerging trend are extremely valuable. Join us in exploring the APS (Assets, Process, and Strategy) that Anna has used to continue to diversify her portfolio within this niche submarket, as well as continue to grow her wealth! Discussed:
A: Assets are multifamily and SFH
P: Process shared is key info!
S: Strategy Genius Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to REady2Scale, the official 2nd season of "Unbelievable Real Estate Stories”. This season will analyze 3 key components each episode, or what I like to call The APS of Real Estate: A is for Asset, P is for Process, and S is for Strategy! Our guest is Chris Hotze. Today's episode will focus on: A - Chris specializes in identifying underperforming assets. P - Chris explains how to identify and secure the optimal underperforming asset. S - Chris' strategy for success comes from repurposing. Learn more about your ad choices. Visit megaphone.fm/adchoices
You Guys, we made it to our 50th Episode, the official completion of the first season of “That REllie Happened?!” Unbelievable Real Estate Stories! Thank you so much for making this podcast a success!
This is a special episode highlighting the most inspiring stories and lessons learned in our real estate journeys. Learn more about your ad choices. Visit megaphone.fm/adchoices
In this week’s episode, Omar Khan shares with us how he was able to scale up his business quickly after coming to the US, with no social network. In particular, he highlights the dedicated work ethic common amongst immigrants, as well as entrepreneurs, and how having experience from living in multiple cultures creates an ability to recognize and communicate more quickly and effectively with others. Ultimately, this is how business is done successfully. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week’s guest is Melanie Bajrovic, also known as “The Wealthy Barmaid”. Melanie shares her inspiring life story of how she defied all odds to become the incredible success she is today. She began with humble roots, bussing and bartending. However, by the age of 27 she was purchasing her first commercial property!
Listen along to Melanie’s advice on how to get into real state, even if you’re terrified, and how to strategically build upon that to create legitimate wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mark Mascia peels back the mysterious veil of working with Family Offices and shares how he strategically expanded from working with 5 key family offices to over 300 investors in just 2 years!
If you’ve ever wondered what the differences are in working with such investment groups, Mark does a fantastic job of sharing insights into working with family offices, along with the pros and cons.
His story has great wisdom, a splash of crowdfunding, and loads of inspiration that you can do so, too! Learn more about your ad choices. Visit megaphone.fm/adchoices
Breaking into the industrial sector can be a challenge, especially with the complexities of the market. Listen along today as our guest Dmitriy Chebotarev shares how he became involved in this niche, went through a "Hail Mary" capital raise, and the very interesting ways these deals can be structured.
Dmitriy gives us great insights into the industrial markets, how to identify key trends, and most importantly, how to capitalize on them. From logistics to cannabis, this is no ordinary episode! Learn more about your ad choices. Visit megaphone.fm/adchoices
Steven Libman shares with us today how he made the jump from flipping single home units to securing his first large commercial property investment. In particular, the age-old challenge of “you’re not experienced enough” had to be overcome! Learn more about your ad choices. Visit megaphone.fm/adchoices
Matthew Perry shares with us how he built a business while in college, with some very unique twists from a typical real estate business. Learn how funding sources can sometimes come from the most unexpected places, as well as how to build and develop an effective acquisition team, with a special emphasis on coaching. Learn more about your ad choices. Visit megaphone.fm/adchoices
Carter Malloy is the Founder and CEO of AcreTrader. Today, he shares with us how he managed to create a crowdfunded platform, and the surprising complexities associated with farmland as an asset. Learn more about your ad choices. Visit megaphone.fm/adchoices
AJ is a real estate investor and self-described ‘Freedom Fighter’ who has built up a $100 million portfolio in real estate. It wasn’t until AJ became paralyzed from head to toe and placed on life support due to Guillain Barre Syndrome that he realized how important cash flowing assets was for him and his family. AJ speaks about how buying cash flow producing assets literally saved him and his family’s life.
Learn more about your ad choices. Visit megaphone.fm/adchoices
We’re all familiar with John Lennon’s famous quote “Life is what happens to you while you’re busy making other plans.” Jonathan Twombly encountered just this when faced with the decision to SELL off his ENTIRE portfolio. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jason Pero started off as a “hobby landlord”, like many do, while still maintaining his day job. In this episode, hear how the impact of just the right Mentor transformed Jason from “hobbyist” to a serious BUSINESS OWNER! Learn more about your ad choices. Visit megaphone.fm/adchoices
“I felt like this star athlete sitting on the sidelines and watching the game of my life go by and not being able to take any control.”
Listen to Reed Goossens’ journey of realizing he COULD have and be MORE than what life was offering.
Beginning with fundamental investing principles, to a current portfolio of $10MM, this story is sure to inspire and renew that FIRE in us all! Learn more about your ad choices. Visit megaphone.fm/adchoices
UNBELIEVABLE situation Adam Adams found himself in! ONE week before closing, a SERIOUS oversight is identified in the deal. But..
no one technically knows…
he could close it anyway...
and some INVESTORS might not have even cared.
Listen to this HAIL MARY story about encountering a straight up DEAL NIGHTMARE, and to find out how in the world Adam Abel Adams got that name!
ohmymoments #seriously #manofsteel”
Learn more about your ad choices. Visit megaphone.fm/adchoices
Kyle Stevie’s story begins with this thought, “If you’re ever going to buy a building, I recommend you see it with the lights on.”
Listen along to the BOLD adventure Kyle and his Partner took in purchasing and revitalizing two buildings, entirely on the brink of DESTRUCTION.
Challenged with issues from onsite squatters, crime, and serious structural repairs, OVERBUDGET by $100,000, Kyle shares how the value of learning through FAILURE can still ultimately lead to SUCCESS.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Is “The American Dream” actually obtainable anymore? Absolutely!
Michael Beeman shares with us his incredible story of going from complete financial ruin and bankruptcy in 2016, to presently being a successful full-time multifamily real estate investor with a current portfolio of 130 units.
PROVIDING for a family including 7 children, listen to the creative strategy Michael and his Partner/Wife created to finally secure FINANCIAL FREEDOM.
Learn more about your ad choices. Visit megaphone.fm/adchoices
When your Partner says to you, “You’ve made enough money. I’m not doing the deal," Greg Dickerson had to respond.
“Well, you can’t do that. We have an agreement. We have a contract."
Listen to Greg’s recount of how in a period of 6 months, with ZERO money out of pocket, he recognized and created opportunity by bringing the right people to the table and simply listening to the advice of a friend. Great advice on navigating partnerships gone wrong, and still coming out on the top side!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Danny Randazzo and his Partner/Wife experienced an incredible shift in their mindsets and backed it up with some radical steps in achieving their dream of building a multifamily real estate portfolio.
In this episode, you’ll learn how being open to opportunity and prepared can prove the concept YOU ARE AN INVESTOR.
Hear about Danny closing on his first 2 Commercial Buildings totaling $1MM and allowing nothing to hold him back from making his vision a reality.
Inspiration guaranteed. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dino Pierce was working on a deal and started raising capital for it. Things started going well, but he was still short $650K. AND HE HAD ONLY 2 WEEKS TO CLOSE. AND TIME WAS RUNNING OUT... Learn more about your ad choices. Visit megaphone.fm/adchoices
John Casmon was already a real estate investor when he decided to partner with a contractor on a flip. His partner was an experienced flipper, and John trusted his expertise.
Being an experienced multifamily investor himself, when john saw the rehab projections the contractor sent him, he immediately sensed that SOMETHING IS NOT RIGHT. The numbers didn’t make sense. But John trusted his partner, who was a very experienced flipper.
But John didn’t give up. Learn more about your ad choices. Visit megaphone.fm/adchoices
Paige Panzarello, the "Cashflow" Chick," shares her incredible story about how she lost EVERYTHING during the Recession. But, she came back fighting and ended up finding her true passion in this crisis. Her story is an example of how important the MINDSET is. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dan Handford shares an amazing story about how he and his partner lost a bid on the property of their dreams, only to win it back in just a few days. This story will prove that, even when it looks like it’s over and you lost, it’s far from over. Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen to Monick Halm share how she started her career in investing, and how she went from owning just 2 doors to over 1,000 units in just ONE year. Also learn why she has made it her mission to inspire other women in real estate and make their dreams come true. Learn more about your ad choices. Visit megaphone.fm/adchoices
Michael Becker knew when he and his partner purchased an apartment complex in North Texas that there were going to be some challenges ahead. Little did he know how many challenges they would face! Listen to Michael share how they made this risky purchase pay-off. Learn more about your ad choices. Visit megaphone.fm/adchoices
As an experienced pilot, Bill Zahller has maneuvered MANY obstacles. But few experiences could have prepared him for what happened as he and his partner were closing a deal on a property in Atlanta last May. Learn how Bill and his partner saved this deal at the last minute! Learn more about your ad choices. Visit megaphone.fm/adchoices
Beginning to build his portfolio at just 19, Kevin Bupp lost everything in the Great Recession of 2008. A couple years later, he turned his sights to investing in mobile home park properties. This is Kevin's remarkable story of recovery. Learn more about your ad choices. Visit megaphone.fm/adchoices
Scott Bower shares how a traumatic brain injury at the age of 16 changed not only his life, but also the direction he would take his career. This is an amazing story about being given a second chance in life! Learn more about your ad choices. Visit megaphone.fm/adchoices
Brie Schmidt felt bogged down in her corporate job... so she made the bold decision to pursue something she really loved: real estate! Listen to how her new endeavor soon became her addiction and how she managed to overcome her obsession. Learn more about your ad choices. Visit megaphone.fm/adchoices
Hunter Thompson shares an amazing story about how his grandfather was on top of the world in the cotton market in the 80s until a catastrophe hit and took everything from him. This not only had an impact on him, but also generations to come. Learn more about your ad choices. Visit megaphone.fm/adchoices
At 19, Tamar Mar was not your typical college student. A full-time employee for a corporate company and student, she decided to buy a house! This prompted her interest in buying properties. Listen to her amazing story about becoming the CEO of her dreams! Learn more about your ad choices. Visit megaphone.fm/adchoices
In the late 1980s, Linda McKissack and her husband suddenly found themselves swallowed in $600k worth of debt! Mulling over ways to earn money FAST, her husband suggested she jump into real estate. This is a remarkable story about having goals and taking a leap of faith! Learn more about your ad choices. Visit megaphone.fm/adchoices
In the past few years, the cannabis industry has skyrocketed! What does the anticipated continued growth in the industry mean for real estate? Leslie Plettner answers questions all investors ask about this briskly growing industry! Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen to Paul Moore's remarkable story about how he went from having millions, losing it, and then being debt-free in just over a year! Also hear about how Paul is now using his profits in real estate to put an end to human trafficking. This is an amazing story about a man who knows the power and importance of giving. Learn more about your ad choices. Visit megaphone.fm/adchoices
Self-storage has been a hot topic in the investment industry lately, and for good reason! Hunter Thompson, an investor and founder of Cash Flow Connections, shares why this form of investing is so popular right now. Learn more about your ad choices. Visit megaphone.fm/adchoices
Scott Lewis has been in developing for 25 years...he knows how the industry works. When he and his co-workers recognized the need for a self-storage unit to be built in Black Diamond, Washington, they proceeded with CAUTION. Listen to Scott's amazing story. Learn more about your ad choices. Visit megaphone.fm/adchoices
Many investors still have unanswered questions about Opportunity Zones, such as what they are, the risks involved, and if they are worth investing in. Look no further for answers than Steve Glickman, an expert on Opportunity Zones who recently created his own firm to increase the speed of funding to these investments and to offer expert advice to Opportunity Zones investors. Steve’s incredible knowledge and insights will leave you hungry for more information on investing in Opportunity Zones. Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen as Engelo Rumora shares his thrilling story about a near-death experience while renovating his first purchase, uprooting his life in Sydney and starting from scratch in America, and how he is giving back. His is a truly warm, inspiring story about an investor who is making a difference by giving it all away. Learn more about your ad choices. Visit megaphone.fm/adchoices
Does the future of real estate involve blockchain? In this episode, Ellie interviews DJ Scruggs, as he shares with us his knowledge of the subject and answers all our buzzing questions: What is blockchain? How does it work? What are the benefits of using it? How risky can exchanging money through blockchain technology be? Is there a future for blockchain in the real estate industry? DJ’s incredible in-depth knowledge will captivate your attention. Learn more about your ad choices. Visit megaphone.fm/adchoices
When Meghan McCallum’s mom first called her “unemployable,” little did she know how that one term would mold her life and career. Meghan put her trepidations aside and jumped into real estate investing. Now Meghan is paving the way in investment education by starting her own two companies. They are mentoring new investors, and providing them with top-quality education at a low cost. Listen to Meghan’s inspiring and sentimental story, how all of this happened because her mom dubbed her “unempl Learn more about your ad choices. Visit megaphone.fm/adchoices
Holly Williams's story all began with a $65,000 tax bill she received after investing in mutual funds! This encouraged Holly to get passionate about investing... fast! Holly recognized that she could flip this around and have cash flow and significantly minimize her income taxes. Listen to Holly share how that tax bill motivated her to get passionate about investing and how important the process of vetting sponsors and deals is. Holly’s story will inspire you to get in the game, learn, and “Keep More” Learn more about your ad choices. Visit megaphone.fm/adchoices
“There are three kinds of people: people that make things happen, people that watch things happen, and the people that wonder what happened.” Learn how Marco dug his heels deep into investing after a jolting boot-camp, and also some of the lessons he has learned from mistakes he has made along the way. Marco Santarelli is an investor who takes action, he is one of those people that will make things happen, and his story will inspire you to do the same. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ryan Gibson shares a powerful real estate story about hearing numerous “no’s” concerning an RV Park he and his team were investing in. The property was completely distressed and everyone thought Ryan was crazy to get involved in such an ill-omened asset! These “no’s” only made Ryan more determined to use strong convincing tactics to get people on board and turn this into a great asset. Ryan proved all the naysayers wrong and made this RV Park in Texas one of the preeminent producing properties. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jason and Pili Yarusi never imagined when they got involved in multifamily investing that one day they would be using one of their properties as a police stakeout! Never in their wildest dreams could they have foreseen that the safety of their tenants would be endangered due to a bad building owned by the city. Jason took the problem into his own hands, got the police involved, and offered their units to acts as a stakeout. This couple has a wild and unique story that you will not want to miss. Learn more about your ad choices. Visit megaphone.fm/adchoices
Lane Kawaoka was not content with taking a conventional path in life. He went from construction to real estate investing and then decided to make another bold move. Unlike the majority of investors, Lane started out as a syndicator, then turned to passive investing, where he joined other fellow syndicators. Lane shares with us his journey into the investing world and discovering his nontraditional path. Learn more about your ad choices. Visit megaphone.fm/adchoices
Frank Rolfe’s story begins with a hot, mushy sandwich given to him by a Korean War vet who owned a mobile home park he was interested in buying in Texas. The story ends with a strong bond and a deal, noting the importance of human relationships, not just in real estate, but in life. Learn more about your ad choices. Visit megaphone.fm/adchoices
Joseph Gozlan shares his inspiring story about how he transitioned into the real estate business after leaving Israel and the remarkable friendship he struck-up with a World War II-era property owner that resulted in Joseph’s first multifamily transaction. Learn more about your ad choices. Visit megaphone.fm/adchoices
Dave Zook conveys his awe-inspiring story as to how he went from investing in multifamily properties to alleviate his tax situation to eventually moving offshore and investing in developments on the booming realm of Belize. His real estate story shows the importance of going against the crowd and being unconventional, as well as the significance of the team you choose to be a part of. Learn more about your ad choices. Visit megaphone.fm/adchoices
Matt Motil shares his exhilarating story about an eviction that turned into a nightmare. This story has all the ingredients of an investment soap opera: there is a break-in, vandalism, and an over-all messy dispute. Matt’s story personifies the importance of screening tenants and knowing who occupies your units. Learn more about your ad choices. Visit megaphone.fm/adchoices
Brian Persaud tells the story of his first investment. On a whim, with only insurance money from his stolen car, he jumped into real estate investing. He never took a course and he wasn’t studying how to analyze a deal or how to buy real estate. Brian just saw the possibilities and took a chance. Learn more about your ad choices. Visit megaphone.fm/adchoices
Jeremy Roll has been a full-time investor for over ten years, and he has seen it all. This story is about how Jeremy dealt with a completely failed deal as a passive investor. Jeremy invested in a syndication that he thought was safe and predictable, but was met with the opposite. Learn more about your ad choices. Visit megaphone.fm/adchoices
Kathy Fettke tells the story of how she dealt with a failed deal. Through tears and laughter, you can learn a lot from Kathey’s story; her story surrounds how things fell apart, how she dealt with it, and what she learned along the way. Listen as she talks about how this deal affected her journey and perspective. Learn more about your ad choices. Visit megaphone.fm/adchoices
Mark Kenney shares the cautionary tale of partnering with the WRONG guy. This incredibly surprising story gives us insights into how a worst-case scenario can come to life and what to do if it does. This episode will hopefully inspire you to tread lightly and to always be cautious about who you’re working with. Learn more about your ad choices. Visit megaphone.fm/adchoices
Joe Fairless went from feeling unfulfilled in his advertising job to becoming one of the most well-known real estate investors and coaches in America. He shares the story of his first deal and how unexperienced investors can seal the deal on their first multifamily property. This episode is all about taking those first steps into multifamily investing and how to trust yourself along the way. Learn more about your ad choices. Visit megaphone.fm/adchoices
Ellie Perlman introduces the podcast and gives us her own story. Ellie paints the picture of her humble beginnings and describes her journey to today; from poverty to a prestigious career, and one mysterious disease that changed it all. Her incredible honesty about her challenges and triumphs stand to inspire anyone who believes that they can’t succeed. Learn more about your ad choices. Visit megaphone.fm/adchoices