Invest Florida - A Real Estate Podcast: Recent Episodes
Eric Odum, Steven Silverman
Looking for an edge in the real estate investment market? Not sure which markets or market segments offer the best opportunities or which strategies to implement? You have come to the right place….Hosts Eric Odum and Steven Silverman blend decades of combined experience in the real estate investment market along with their expert guests covering topics in lending, investment strategies, property management and development…. giving you actionable investment ideas each and every episode you can use to learn and grow….all with a Florida twist.
Leveraging Syndication to Do Larger Deals Jim's family migrated from Taiwan. It's the classic immigrant story, building a great business from ground floor. Learn about his strategies to grow from tenants, toilets and trash to managing a successful syndication company. Key Discussion Points [01:07] Introduction by Eric & Steven [03:19] About our guest: Jim Lee [04:33] How did you end up doing Syndications? [07:33] Is the American dream still alive, even for immigrants? [08:20] How did you get started on your first deal? [09:52] Tell us about your first Synidcation deals in Florida [15:33] What were the mechanics of the deal? Cash? Investors? etc... [18:03] In depth discussion: syndication, waterfalls, preferred return, etc. [20:33] How did you find your business partner? And why did you start doing business with him? [23:13] Talk about the underwriting aspect of this deal and the property management. [25:44] Do you have onsite managers for all your properties? How is maintenance handled? [28:39] Are there amentities you provide in the units to add value to the renter? [32:44] Who were you using to put your documents together? [35:14] How can folks contact you? [35:42] Closing comments by Eric & Steven About Our Guest Jim is a real estate investor and founder of Formosa Investing. Jim received his Bachelor of Science degree in Economics in 2010 from UCLA and started his career as an inside sales rep for Loopnet and CoStar. By winning a $50,000 sales incentive bonus he used that savings to purchase his first two-bedroom one-bath condo and learned the importance of having multiple streams of income. Now, through real estate syndication, he has invested in over 600 units in the past two years where he has participated as a general partner and a limited partner GUEST CONTACT INFO Website: FormosaInvesting.com Twitter (X), LinkedIn, Instagram, Facebook: @formosainvesting
Matt is a local attorney that practices real estate law. He has been on top of a law that recently opened non-residential properties up for residential development. The law came out of Tallahassee and is being dictated to the local municipalities. This could be a great opportunity for people looking to build to rent. Key Discussion Points [01:11] Introduction by Eric & Steven [11:15] About our guest: Matt Newton [12:43] Give us your background and why you got into real estate law [19:27] The Live Local Act: Trying to make housing more affordable [20:48] Explain the Live Local Act and how it helps create affordable housing [28:15] Under the Live Local Act, is it true that for workforce house, you can you bend the zoning rules? [34:11] Talk abou the timeline for Live Local - is it on the books right now? [38:14] How would you guide an investor who feels they have a parcel they could use Live Local for? [45:37] How can folks reach you? [50:58] Closing comments by Eric & Steven About Our Guest Matt Newton is one of very few private-sector attorneys board certified in City, County, and Local Government Law in the Tampa Bay area. Matt received his J.D., cum laude, from Stetson University College of Law in 2014 and has dedicated most of his career to assisting clients with matters in the areas of local regulation of land through planning and zoning, sovereign immunity, state-local preemption, open government, and the defense of both property and civil rights. Matt writes about legal, political, and urban planning issues in a weekly column for Tampa’s La Gaceta Newspaper entitled “The Reasonable Standard.” Super Lawyers® has recognized Matt as one of Florida’s Rising Stars® in 2022, and Best Lawyers® has named him as One to Watch® annually from 2021-2023. Matt is licensed to practice law in both Illinois and Florida. He is admitted to practice in the U.S. District Court, Middle District of Florida, U.S. District Court, Northern District of Florida, U.S. District Court, Southern District of Florida, and the U.S. Court of Appeals for the Eleventh Circuit. In addition to his Board Certification, Florida’s Supreme Court has certified Matt as a mediator for civil cases pending in Florida’s circuit and appellate courts. A dedicated member of the community, Matt Chairs Community Tampa Bay’s Board of Directors, is a member of Midtown Tampa’s Kiwanis Club, and is a regular volunteer for Tampa’s Stageworks Theatre. GUEST CONTACT INFO Email: MattNewton@olderlundylaw Website: OlderLundyLaw.com Google Search: Matt Newton in Tampa
The benefits of Land Trusts Joe Seagle is a is an attorney based in South Florida. He focuses on providing services that help real estate investors purchase, protect and pass on assets. He is going to discuss Land Trusts...how they are work...why they are better in many instances than LLCs and other forms of ownership of real estate. Key Discussion Points [01:22] Introduction by Eric & Steven [08:25] About our guest: Joe Seagle [12:47] Advantages of having a land trust vs a LLC? (asset protection, etc) [20:23] Money Lending [25:56] Can you have a land trust without having any property in it yet (like is required for an LLC)? [27:58] How might a land trust fit into estate planning? [30:51] Hiding the purchase price [33:35] If a property is already owned, is it too late to turn it into a land trust? [37:03] Buying properties subject to the mortgage [46:01] How can people reach you? [46:36] Closing comments by Eric & Steven About Our Guest Joe Seagle is a legal GPS for the real estate and hospitality industry. His firm works with clients helping them to discover where they are, where they want to be and how to get there legally. The firm does this by assisting clients with the purchasing, protecting and passing on of assets vital to financial independence. Under one roof, Joe has assembled a law firm and a land trust company that can act as a central source of information and service for clients in pursuing their goals. The firm's representation is concentrated on real estate investors, developers, brokers, property managers, hoteliers, restauranters, private lenders, and for their needs regarding land trusts, private lending and equity and entity formation. Joe has been practicing law since 1996. He has been licensed in Florida, North Carolina, South Carolina and the District of Columbia. He is also a licensed Florida title insurance agent and a real estate broker. His company, My Land Trustee, holds title over 2000 Florida properties and trusts to maintain owners' anonymity. GUEST CONTACT INFO Website: mylandtrustee.com Phone: 833-4FL-TRUST
Doug is a seasoned real estate investor who KNOWS the State of Florida. Through his firm, Shoreham Capital, Doug engages in building residential properties to rent. He discusses how it is easier to reach critical mass with build to rent as opposed to sourcing one-off deals and spends a lot of time discussing the Florida market...where he likes and what he looks for. Key Discussion Points [01:20] Introduction by Eric & Steven [10:20] About our guest: Doug Faron [11:32] How did you get into this side of the business? And what's your vision? [14:30] Which areas were you focusing on doing your "build to rent"? [15:31] What led you to focus on residential? [21:05] What are you seeing in the residential market with regard to rent / prices? And where do you see the future headed? [25:12] What market conditions are you seeing in south Florida? What about with office / commercial? [31:23] Re: the "build to rent", when you develop, how do you determine your holding period before you sell? [35:43] Which areas of Florida do you like? And what areas are you a little uncomfortable with right now? [37:19] Do you see any reprieve on constructions costs? [42:08] What is your capital stack looking like right now? [45:13] How can folks reach you? [47:30] What's the cost per "door" for single and multifamily home? [49:51] Closing comments by Eric & Steven About Our Guest Doug Faron is a co-founder and managing partner at Shoreham Capital. He is a real estate leader and skilled dealmaker specializing sourcing, capitalizing, structuring, and executing debt and equity transactions throughout the United States. Doug oversees all aspects of his firm including the acquisition, capitalization, development, and management of their projects. Doug graduated from Brown University with a dual concentration in international relations and economics and received his MBA from Northwestern University's Kellogg School of Management. He lives in Palm Beach, Florida with his wife and two children. GUEST CONTACT INFO Email: doug@ShorehamCapital.com
Email is NOT dead. With more rules coming out about cold texting, it might be time to revisit how investors source deals. Emailing is not only tried and true, it is also less invasive and professional when prospecting. Adam discusses how to set up...what are the strategies...how to find and clean data. Adam has a special deal for you: A.I. Cold Email Mastermind: https://msha.ke/eoc#mastermind Use code "FL50" for 50% off. Key Discussion Points [01:20] Introduction by Eric & Steven [03:51] About our guest: Adam Rosen [07:22] Tell us about your data / cold email sequencing system [10:34] How do you go about gathering your data? [12:15] Do you use other providers like Seamless AI? [16:01] How likely is it that your emails actually make it to the intended user? [22:16] Regarding email, what works and what doesn't? [26:03] Do you do followups after sending out emails? [30:05] For the Real Estate investor, how do you build trust through the email? [36:48] Is your Mastermind still open to people? [39:45] How can folks reach you? [40:12] Closing comments by Eric & Steven About Our Guest: Adam Rosen Adam Rosen is an entrepreneur with a heart for supporting fellow business owners. Having led a tech startup that was eventually acquired, Adam learned the ropes of the entrepreneurial world hands-on. He led multi-million dollar real estate sellouts and loves to share his experiences through speaking engagements, podcasts and coaching small business owners. His primary focus is on helping startups get more sales appointments through cold calls and his emails outreach company. GUEST CONTACT INFO Website: eocworks.com Email: adam@eocworks.com Social Media: adamirosen
Making it Big with Mobile Home Parks Charlotte is an impressive person. The first thing you notice about her is her positive can-do energy. She migrated to the USA at 16 from China, searching for a better life. After graduating from Georgia Tech, a few short years later, she is the Managing Partner of John's Creek Capitol, which has purchased 28 parks under her leadership. Find out how she did it! Key Discussion Points [01:08] Introduction by Eric & Steven [06:03] About our guest: Charlotte Dunford [10:08] How did you get started in real estate? [12:59] As a young graduate, how did you overcome the lending obstacle? [14:13] Tell us about the syndication business and how that works [16:02] How did you overcome not having a track record? [17:49] What do you bring to the table in order to get the "upside"? [20:40] What are the key indicators that tell you if it's a good investment? [22:21] How are you finding deals? [25:22] Do you get a deal under contract first, and then syndicate? Or are you assembling a blind pool of investors? [28:27] Are you buying older mobile home parks? Or newer one? [30:26] What is the cost of a mobile home? [32:14] What do you think about Florida with regard to the real estate business? [36:21] Are new mobile home parks still being developed? [39:01] How can folks reach you? [39:40] Closing comments by Eric & Steven About Our Guest Today we have with us Charlotte Dunford. Charlotte is a graduate of the Georgia Institute of Technology. She earned her B.S. in business with a focus on business analytics and technology. She came from China at the age of 16 without her parents. Charlotte's strong drive to succeed led her onto a path to build her own company, along with her business partner Rick. Charlotte started Johns Creek Capital in 2020 with only two investors. At the beginning of the firm's founding, Charlotte and her team led the company to a total investor subscription of over $5 million. Charlotte is also a certified associate in project management and speaks fluent Mandarin. In her spare time she enjoys playing the piano and doing equestrian sports. GUEST CONTACT INFO Website: https://johnscreekcapital.com Email: info@johnscreekcapital.com
John Cadden from Condominium Advisory Group joins us today to discuss big changes that have occurred in the Florida condominium arena. The collapse of the Surfside condo 2 years ago led to significant rule changes. Find out what they are, along with a bevy of other changes that are affecting go-no-go decisions for investing in Florida condos. Key Discussion Points [01:11] Introduction by Eric & Steven [05:22] About our guest: John Cadden [07:23] Is there a lot of density of investors in the Condo market? [11:50] What should Condo investors look out for that might trip them up? [15:16] What is a condo conversion? [20:01] Given that Florida insurance rates are sky high, how is this affecting investors? [21:55] So condo investors might not be holding their assets for appreciation if prices start to slow down [26:40] Condo reserve and structural reporting [33:59] Talk about the affect of the new rule passed in March by the Federal Legislature [42:13] Discussion about Florida insurance increases [45:42] Discussion about condo board members having liability [50:40] How can your business help others? [52:02] How can folks reach you? [53:06] Closing comments by Eric & Steven About Our Guest Today we have with us John Cadden. John is the managing principal of the Condominium Advisory Group. After graduating from Boston University with a bachelor's degree in accounting in 1984, John joined Continental's equipment leasing division in the workout group. Later on, he took a position at the Commercial Real Estate Banker with the Friedman Group in Chicago. In 1988, John formed Century Funding Corporation to provide commercial real estate banking and real estate investment services to third party real estate developers and investors. After a decade of heading up Century Funding, he joined American Invsco as chief investment officer in 1999 with a primary role of overseeing acquisition, financing, and ongoing real estate operations of various condominium and mixed use developments. Under his tenure, the company acquired and developed over $2 billion in real estate projects. In 2008, John formed CF Capital Holdings. Since its inception, they have provided asset advisory management, restructuring, and consultancy services to the condominium development, multifamily rental, and single family for sale housing industries. Such services include determining optimum repositioning of assets that had gone insolvent during the economic downturns, many of which were condominium conversions that had not sold completely. GUEST CONTACT INFO Phone: 312-890-3338
Calvin Roberts, besides being an insurance agent, likes to study issues in his industry for fun! Florida property owners are experiencing record insurance increases....the increases are starting to become crippling. We discuss the main issues. They might not be what you think they are....the main issues are actually very manageable. Find out what can be done. Key Discussion Points [01:10] Introduction by Eric & Steven [06:11] About our guest: Calvin Roberts [07:23] Is the rest of the country (outside Florida) also feeling the pain of increased property insurance? [09:13] Why is Florida's property insurance so high? [13:07] Are the attornies and roofing contract companies on contigency basis? [15:35] What are other states doing that Florida is NOT doing to help mitigate some of the cost to the consumer? [17:35] What effect did the legislation that was passed have on helping to lower property insurance? [21:56] Is Florida's Citizens Insurance helping to plug the gap in the insurance costs? [24:18] What are some other issues Florida should address to make things better for their citizens [29:11] What are your thoughts on investors pooling their investment properties? [33:53] How can people reach you? [34:17] Final thoughts from Calvin [37:26] Closing comments by Eric & Steven About Our Guest Calvin Roberts is a nationally licensed commercial insurance broker, and the principle of Falcon Insurance Agency of Michigan, a botique insurance brokerage specializing in multifamily, commercial real estates and mergers and acquisitions, pre-acquisition, and insurance guidance. Calvin has been active in the field since he was nineteen years old and built a wealth of knowledge and expertise to the table. He serves real estate investors throughout the united States. Calvin is a trusted resource for creative real estate, risk management, and insurance placement. GUEST CONTACT INFO Email: calvin@falconinsagency.com Phone: 734-887-9110
Importance of Background Checks on Tenants and Potential Investment Partners Hank Balevic is a former FBI Special Agent and Director of Corporate Security. His lifetime experience deal with security gives him a unique perspective for his current company, running background checks and due diligence on tenants and potential investment partners. The arena is a landmine for investors and Hank walks through and discusses the potential issues all investors need to know to stay out of hot water. Key Discussion Points [01:22] Introduction by Eric & Steven [07:02] About our guest: Hank Balevic [11:36] How do background check companies sometimes miss criminal backgrounds? [17:42] What's the best type of background search to do? [21:46] What are pitfalls of the Fair Credit Act? And what are your thoughts on the cheap background checks? [25:15] How should apartment landlords properly handle their screenings? [27:07] What is the average time it takes for a proper background check? [27:44] Do you come across errors on credit reporting? And if so, what steps do you take to help mitigate that? [30:40] From a multi-family owner perspecitve, what do you charge for a standard tenant background check? [36:51] How can people reach you? [38:36] Closing comments by Eric & Steven About Our Guest As a former FBI Agent and Director of Security for two corporations, Hank brings over 25 years experience to Fidelity Data Service. While with the FBI he handled hundreds of background investigations including over one hundred SPIN (Special Presidential Inquiries), investigating officials for high government positions including cabinet posts. He also investigated fraud and embezzlement schemes involving banks, insurance companies, automobile and heavy equipment dealerships. Hank is a board member of a Condominium Association and a Home Owners Association, as well as being a Licensed Community Association Manager (LCAM). As a Board member, he saw the need for effective background screening techniques in order to lessen vandalism, theft, assaults, misconduct and substance abuse. To that end, he founded Fidelity Data Service. GUEST CONTACT INFO Website: fidelitydataservice.com Phone: 561-371-3324
Dr. Chau Ong joins the Invest Florida show to discuss corporate housing arbitrage. It's not long term rentals and it's not AirBnB. It's a combination of the 2 and his strategy allows you to ramp up cash flow fast, and you don't need the capital you think you do to get involved. Dr Chau is a Vietnamese immigrant and comes from humble beginnings. He has a fascinating story. Check it out!
Key Discussion Points [01:03] Introduction by Eric & Steven [05:03] About our guest: Dr. Chau Ong [06:13] How did you get to where you are today? [10:03] How does it work to use other people's property? [10:54] So for a particular property, what would you rent it for, and what would you lease it for? [13:12] With regard to short and long-term rental, what has been your experience with the market in Florida? [14:51] What does a typical corporate Florida resident look like for you? [16:40] How do you find the people who will lease you their home? [18:43] Where do you get the furniture when renting out the leased properties? [19:51] How do you deal with neighborhoods who don't want short-term rentals in their neighborhood? [22:20] Which works best for your business: Single family home? Townhome? Apartment? [25:55] What type of landlord would want to rent to you? [27:52] How can people reach you? [28:59] Motivational story [38:37] Closing comments by Eric & Steven About Our Guest Dr. Chao Ong is an immigrant from Vietnam. He came to America aspiring to live the American dream. He worked hard for eight years and earned his MBA and doctorate in pharmacy. And he was well on his way to the American dream. And then he discovered the American dream was not what he thought it was going to be. He was determined to have financial freedom, so he explored a variety of businesses and opportunities. He had an epiphany one day and discovered a method called OPP using Other People's Properties to master lease and sublet it out to companies. And that's how he achieved success. And after just two years in this business, he's been able to achieve time and financial freedom and retire in his early thirties. GUEST CONTACT INFO Website: beyondbnbsecrets.com Instagram / TikTok: drchaubnb Facebook: chauong LinkedIn: Dr Chau Ong
Eric & Steven Return from an Involuntary Leave of Absence and Talk the Florida Market Good to be back! Eric Odum and Steven Silverman took an involuntary break for a few weeks while Eric healed. They return to discuss what happened...and what is going on in the Florida market since they have been away. Key Discussion Points [01:11] Introduction by Eric & Steven (discussion about Eric's accident / why they've been away for 2 months) [04:00] Recap of what's been going on in the market (banks collapsing, etc) [07:50] Why Florida is more insulated from economic issues relative to other parts of the country [10:33] Discussion about the residential market [13:54] Discussion about the commercial side [14:52] What's been going on in the Office Market? [20:58] Cap rates [23:49] What does the future hold? [29:43] Closing comments by Eric & Steven About Our Eric and Steven Florida Investment Real Estate provides turnkey real estate investment solutions for our clients. With a diverse background in Florida’s commercial real estate markets, Florida Invest Real Estate offers investment services for individual and institutional investors seeking retail, multifamily, and medical office properties of $500k to $10m. Florida Investment Real Estate provides comprehensive investment services beyond basic real estate brokerage, assisting clients with deal sourcing, property management, and disposition Website https://investfloridashow.com/
James Svetec is a knowledgeable AirBnB operator. He got his start in the short-term rental market by managing properties in Downtown Toronto. Riley Oickle is a specialist and mentor in multi-family residential market. Both now assist vacation investors find success across North America. They check in with the show today to talk about what they are seeing in Florida and share some hacks on the vacation rental market.
Key Discussion Points [01:06] Introduction by Eric & Steven [05:19] About our guests: Riley Oickle & James Svetec [06:25] James: How did you get to where you are today? And why are you doing what you're doing? [07:29] Riley: How did you get to where you are today? [08:10] So you're based in Canada but you work with people in the Florida market, correct? [08:49] What are you seeing with the B&B market in Orlando? [10:42] What are 2 or 3 big things to keep in mind for investors considering purchasing property for a vacation rental? [12:22] How do you deal with maintenance and property management? [14:07] What's the differential in the investment return of a typical 3 bedroom condo rental vs an air B&B rental [15:33] What is AirDNA and how does it help investors succeed in the vacation rental market? [18:35] What do you look for to decided if a property is a good deal or not? [20:43] With Florida hotels coming back strong, and AirBnB growing also, how do you see this all moving forward? [24:38] How do you help potential investors overcome objections to AirBnB? (i.e. marketability, maintenance, etc) [31:52] How can people reach you? [32:27] Closing comments by Eric & Steven About Our Guests Today we have with us James Svetec and Riley Oickle. They are the co-owners of BnB Inner Circle based in Canada. James is an Airbnb expert. He is an investor and a coach. He got his start in short term rental space by managing so me of the most successful short term rental properties in downtown Toronto. Riley is also a Canadian real estate investor and he specializes in multifamily residential investing. After building a successful maintenance company, Riley transformed into real estate investing and started buying income properties around the southwestern area of Ontario. Today, they both have a coaching company where they help people be successful in Airbnb and short term rentals. GUEST CONTACT INFOWebsite: bnbinnercircle.com
We have been seeking someone to discuss land flipping with us. Land is a bit of an "outsider" asset class. Why? Because it is not typical cash flowing real estate. Finding investors to partner with or borrow from can be challenging. But that does not mean the asset class cannot be lucrative. Pete has been investing in the East Coast for over a decade and is now dipping his toe in the Florida market. Find out how he does it!
Key Discussion Points[01:14] Introduction by Eric & Steven [07:02] About our guest: Pete Reese [12:40] How did you get to where you are today with land flipping? [15:35] Tell us about your Raleigh, NC connection [16:31] What types of property to you focus on? And what's the sweet spot? [17:56] When you reach out to people via letters, what do you say in those letters? [18:48] What is the response rate for the letters you send out? [21:29] Do you take possession of the property when you decide to flip it? [22:53] How do you get other folks to invest with you? [24:48] How are you using data to find the properties you want? [27:25] How do you determine what areas to send out mail to potential investors? [28:57] Walk us through a typical deal [32:31[ Do you have a profile of who your tyicall seller is? [34:10] How can people connect with you? [37:05] What advice would you give to newbies getting into land flipping with regard to finding money partners [38:01] Closing comments by Eric & Steven
About Our Guest Today we have with us Pete Reese. Pete is the president of Real West Properties, a land development and investment company. ?With nearly two decades of real estate experience as a broker and investor, Pete has successfully purchased and sold hundreds of pieces of real estate for profit over the years for himself and behalf of his clients. He is on track to earn $4 million of revenue in 2022 with his land flipping and development business. Pete is always looking for his next deal, including his long time dream of owning his private island. Besides his professional accomplishments, Pete is also the father to three beautiful girls. He keeps up with his family by working out and enjoying a vegan diet. And he is a 31st great grandson of King Henry the II. GUEST CONTACT INFOWebsite: TurningProfit.com
Finding deals that work in this market can be a real challenge. Rising interest rates have created a gap between CAP rates and borrowing rates. We are like any other investor, trying to find a way to make a return. Our guest, Fred Moskowitz, has been investing in alternative investments for over 15 years. He joins us to talk about opportunities in the private note market and how this asset class might be fit into your portfolio. Key Discussion Points [01:06] Introduction by Eric & Steven [05:39] About our guest: Fred Moskowitz [06:48] Tell us how you got into Note Investing? [11:11] Talk about the importantace of diversification to help mitigate risk in a portfolio of notes [13:08] How do you interact with the investor class? [14:36] How long are you locked into the investment? [17:24] How do you source? [18:14] What kind of yield do you get on investment for notes? [21:23] Is it viewed as an "upside" if a property falls into foreclosure? [24:25] Are there states that you prefer over others? Why? [27:50] When you look at a note, do you go out and try to assess the value of the underlying property? [30:22] What is a loan servicer with regard to a note? [36:11] What are some of the note organizations that investors might want to get involved with? [37:31] Tell us about your book about note investing (available on Amazon) [37:56] How can people reach you? [39:34] Closing comments by Eric & Steven About Our Guest Fred Moskowitz is an educator and bestselling author who has trained countless investors from all walks of life on how to create passive income streams of their own. As a fund manager, Fred manages a mortgage note investment fund and is considered an industry veteran within the note investing arena. Fred teaches the concept that individual investors are able to step into the shoes of the lender through note investing and effectively be the bank. Fred takes pride in collaborating with investors to help them grow and profit in the notes space. As well as being a trusted and valued resource in the area of alternative investments, his new book, titled The Little Green Book of Note Investing, has recently been launched. GUEST CONTACT INFO website: fredmoskowitz.com website: giftfromfred.com mobile: text the word "money" to 215-461-4433 and follow the prompts
Talking Multifamily in N Florida Beau is a multifamily broker covering North Florida. He is one of the best known apartment advisors in the State. He gives us a rundown of the market and why investors don't see all the good deals. Key Discussion Points [01:15] Introduction by Eric & Steven [05:41] About our guest: Beau Beery [06:36] How did you get into the real estate business, and specifically in multifamily? [10:16] How can people find deals in the multifamily market? [15:06] What's your advice for newer investors trying to find the right broker like yourself? [26:03] How do you avoid bogus retrading tactics? (i.e. trying to muscle the seller into significantly shaving the contracted sale price right before the sale) [30:06] Tell us about how to do market analytics [35:45] With the current inflationary environment, what do you see in the multifamily market right now, and what do you see happening over the next 18 months? [39:38] Do you think the Fed is going too far with raising interest rates? [43:20] How can people reach you? [45:14] Closing comments by Eric & Steven About Our Guest Today we have with us Beau Beery. He's been in the commercial real estate business in Florida since 1999. He earned a bachelor's degree in marketing and a masters of science degree in real estate from the University of Florida. Beau is a commercial realtor, and he has been consistently ranked as the number one multifamily producer in Florida for Coldwell Banker. Beau is regularly asked to speak at industry conferences and to private companies. He has a YouTube channel where he guides viewers on how to buy more family assets, how to sell them and how to conduct market analysis. GUEST CONTACT INFO Website: beaubeery.com YouTube: https://www.youtube.com/c/BeauKnowsMultifamily Amazon: book - Multifamily Investors Who Dominate (https://a.co/d/54iwxxq)
Chris Kaiser, Sona Energy, joins us today to talk about how to save costs at your commercial property by implementing green energy solutions.
Key Discussion Points [01:03] Introduction by Eric & Steven [04:28] About our guest: Chris Kaiser [05:35] Give us an overview of the clean energy solutions you are involved in now [06:55] How did you get involved with Sona? (a clean energy solutions company) [11:17] What are the economic benefits of clean energy for commercial properties? [16:56] Tell us about your experience with Retail / Grocery Stores regarding "green" lighting (LED lighting) [17:48] If LED is the "low hanging fruit" for green energy, what's the next level? HVAC? [21:23] Are renewables effective for investors to bring down costs? [28:14] What tax incentives are there for investors / tentents for green lighting, HVAC, and EV charging? [31:36] With commercial real estate, who makes or loses money on the "free" EV charging stations? [36:02] How can people reach you? [38:37] Closing comments by Eric & Steven About Our Guest Chris Kaiser is a partner at Sona Energy, a provider of turnkey clean energy projects and solutions for multi-site commercial spaces for property owners and tenants. Chris has an engineering degree from Georgia Tech. GUEST CONTACT INFO LinkedIn: Chris Kaiser | https://www.linkedin.com/in/chriskaisersustainability/ Email: CKaiser@sonaenergy.com
Talking Hotels and AirBnB Cherif has a unique background. He started in hotel management and learned running hotels from one of the best in the business. While he has invested in many real estate asset classes, his forte is hotels. He operates and owns deals across the country and teaches investors how to earn double digit returns and navigate the waters of this asset class that few investors seem to understand. Key Discussion Points [01:11] Introduction by Eric & Steven [08:43] About our guest: Cherif Medawar [09:50] How did you get started in the real estate investing business? [17:06] Tell us about the complexities with investing in hotels, and how you make money [21:27] What are the steps and things to look for when investing in commercial property [27:21] What is considered to be a good return on hotels? [34:53] How does syndication work with hotel investing [41:19] How is AirBnB affecting the hotel industry? [43:12] Tell us about your residential developments in North Port, FL [46:40] What size hotels makes it profitable? [47:48] Who manages the operations of a hotel that size? [51:27] How can people reach you? [52:26] Closing comments by Eric & Steven About Our Guest Cherif Medawar is an investor, a real estate fund manager and an educator. Cherif is bi-coastal. He started a fund in 2009 and is focused on luxury homes in the San Francisco Bay area. With over $100 million in assets under management, he's also the largest owner of commercial historic properties in San Juan, Puerto Rico, since 2004. And he is active with his office in Florida. Cherif has authored some best selling commercial real estate investment books and continues to share his methods and programs through his education company. He has produced over 2000 video trainings and success stories. GUEST CONTACT INFO Email: info@cmrei.com
Syndication in Commercial Real Estate YouTube and Instagram influencer, Tyler Cauble, joins us to discuss how he invests in his local market, improves his community and makes his unique deals available to a broad investor base. Key Discussion Points [01:01] Introduction by Eric & Steven [04:16] About our guest: Tyler Cauble [07:54] What audience does your YouTube channel target? [08:56] Is you investing centered only in Nashville? Or also outside the Nashville area? [10:01] How do you work debt into your commercial real estate transactions? [13:59] What kinds of mixed-use things are you doing? [19:16] How are you handling the financing for your acquisitions? Do you bring in outside investors? [21:10] How many agents do you have in your office? [22:52] Do you mostly find your investors through social media? [23:26] What asset classes, if any, are you focused on? [25:02] Which asset classes do you think still have a lot of "runway" [26:17 Discussion about office space and the trend to work from home [31:00] How do you go about finding your investors? [33:16] Have you done blind funds? Or is it property specific? [35:03] How can people reach you? [35:44] Closing comments by Eric & Steven About Our Guest Tyler Cauble is the founder of the Cauble Real Estate Group. Tyler's commercial real estate career began in 2013 when he was an in-house leasing agent for a Nashville development firm. After he stabilized the company's assets, Tyler began taking on other projects and put together his first development deal. In 2008, Tyler launched his bestselling book, Open for Business: The Insider's Guide to Leasing Commercial Real Estate, and founded the East Nashville based commercial real estate brokerage firm The Cauble Group. Later, he founded Parasol Property Management. Lately, Tyler has been raising capital for value-add investments and new construction development in the greater Nashville area. GUEST CONTACT INFO Instagram: @ commercial_in_nashville YouTube: Tyler Cauble
A New Idea for AirBNB in Remote Areas? It's so much more than this though. Z Sphere has a structure concept that could be anything from housing in disaster prone areas to self contained, medical care structures in remote areas. Key Discussion Points [01:03] Introduction by Eric & Steven [04:58] About our guest: David Atkinson [05:39] What's your background and how did you get to where you are now? [08:34] What is Z Sphere? [11:19] So your product is self-contained, off-grid, natural disaster resilient, spherical home? [14:23] What is the Z Sphere intended to address? Natural disasters? And to live and work in? [18:25] Is the Z Sphere factory-built and shipped onsite? Or is it built on-site? [24:41] Can these be made into restaurants buildings? [26:07] What is the pricing structure on these Z Spheres relative to a standard building? [27:24] So this could be a good option as an AirBnB or as an emergency command building where there are limited or no utilities? [29:26] Are there investment opportunities for these Z Spheres? [30:38] How can people reach you? [31:26] Closing comments by Eric & Steven About Our Guest David is the CEO and founder of Z Sphere. Z Sphere is a completely different kind of real estate company and it is especially relevant in today's world with global warming and the environment changing and threats to real estate and the way we live. GUEST CONTACT INFO Website: https://myzsphere.com/ LinkedIn: David Atkinson
Investing in Properties of Crime Scenes and the Deceased Today we talk with Laura Spaulding, founder of Spaulding Decon, which is a full service restoration company for crime scenes, death, and accidents. Laura takes it a step further by investing in these properties. Key Discussion Points [01:03] Introduction by Eric & Steven [07:02] About our guest: Bob Henriquez [09:17] How are you using your crime/accident/death cleanup business to leverage buying the crime scene properties? [13:49] What's the craziest thing you've scene when doing crime scene cleanup? [16:09] Do you have franchisees all over the country? [17:00] Does your business do better where there is more crime? [17:52] Tell us how your business model works, from property cleanup to possibly buying the property [19:23] Do you have a list of relaiable investors that you take these properties to? [21:48] Are most of the crime/suicide/death scene properties residential? Any commercial properties? [25:52] What is your investment profile? What do you look for in properties you are holding? [27:32] Do you have a team for the renovation? [29:29] What's your formula for pricing these types of properties? [31:50] What are you seeing in the market right now? [37:25] How can people reach you? [38:37] Closing comments by Eric & Steven About Our Guest After seven years in law enforcement and serving in the military, Laura Spaulding identified a need for crime scene cleaning while she was working a double homicide. A family asked her Who is going to clean this up. So with a $15,000 loan, Spaulding Decon was born. What began as a one woman show today stands as a franchise with over 55 locations nationwide. Spaulding Decon is a full service restoration company. Laura has a master's degree in business administration and a bachelor's in criminal justice. She has been featured in the Wall Street Journal Inc magazine and Entrepreneur magazine. Laura has developed an impressive real estate portfolio. She has purchased hold or crime scene homes and convert them into beautiful estates. This has become a labor of love that has produced millions in revenue. Laura is active in the community and does initiatives such as Holiday Hoarding Gateway. GUEST CONTACT INFO YouTube Channel: Crime Scene Cleaning Website: SpauldingDecon.com LinkedIn: Laura Spaulding
The Hillsborough County Property Appraiser comes on the show to discuss the inner workings of valuation. While the discussion is specific to Hillsborough County, the laws are applied across the State in a similar fashion. We cover how assessors arrive at their valuations, some of the rights property owners have and what you can do to contest a valuation if you don't agree. Key Discussion Points [01:04] Introduction by Eric & Steven [04:19] About our guest: Bob Henriquez [06:32] Give us an overview of what's happening in the market related to property values [07:55] What is your process for doing property assessments? [11:56] Explain the difference on property tax bills of "assessed value" vs "market value" [17:36] With cap rates so low, and commercial property values rising, does that translate into proportionately higher taxes? [20:34] Explain about the "save or homes" cap and what happens to the cap when there's a new owner [25:56] Talk about property tax assessments that are non-owner occupied [30:04] Are you having discussions with municipalities about how rising interest rates might affect the real estate market in the area? [34:20] How can folks reach out to the property appraiser if they want more info? [38:18] Closing comments by Eric & Steven About Our Guest Bob "Coach" Henriquez is the Hillsborough County property appraiser, elected in 2012. Bob is the 5th generation born in Tampa, and his great grandfather, Enrique, was the last mayor of West Tampa. Bob has served the community in all kinds of capacities. He's known as coach because of his help in coaching teams and he's done all types of community outreach and help programs.
GUEST CONTACT INFO Website: http://hcpafl.org Phone:813- 276-6100
Ember Erickson: Biproxi, Changing the Way Commercial Real Estate Is Marketed Ember joins us today to discuss a new platform to the CRE marketplace....it has been compared to Tinder for Commercial Real Estate Investors and Brokers. Find out how they might help make the acquisition and disposition of commercial assets more efficient (yes, that includes multifamily) Key Discussion Points [01:07] Introduction by Eric & Steven [06:18] About our guest: Ember Erickson [07:06] What's your background and how did you get into commercial real estate marketing? [10:12] Talk about Biproxi's place in this market, and what your team is trying to do [12:54] Tell us about your revenue model [13:54] How can Biproxi get around the issue of "just being another system" [17:08] On your platform, are you targeting particular types of assets? or any assets? [22:40] How are you handling "off market" or "pocket" listing? [27:23] Is it even possible to get that data from other sources? [29:15] Do you think technology will eventually replace real estate brokers? [37:06] How do you vet potential investors? [43:10] How can folks reach you? [44:16] Closing comments by Eric & Steven *About Our Guest With over a decade of marketing, sales & business development experience, Ember brings a fresh perspective on CRE to the Biproxi leadership team. Ember is a veteran software marketer, serving as the Head of Marketing & Business Development for learning management software Wisetail, which was acquired by Alchemy Systems in 2017 and again by Intertek (ITRK.L) in 2018. Prior to Biproxi, she served as the Director of Demand Generation for advertising intelligence platform, LumenAd.
GUEST CONTACT INFO website: biproxi.com Email*: Ember@biproxi.com For a free demo of Biproxi, please email ember@biproxi.com
Avery Jordan: Update on the Tampa Multi-family Market Avery Jordan gives us an update on the apartment / multifamily market in Tampa and central Florida with discussions on how the Fed rate hikes will affect the market over the next couple of years and why he thinks the multifamily market and the market in general will continue to do well. Key Discussion Points [01:07] Introduction by Eric & Steven [04:32] About our guest: Avery Jordan [05:51] How did you get intro brokerage of apartment buildings in the area? [08:07] Give us your perspective on the multifamily market over the last 6 years [10:39] How is the Fed's rate hike affecting the debt side? [12:53] What is SOFR (Secured Overnight Funds Rate) and it's significance? [14:53] What are the conversations you've been having around timing of putting things on the market? [17:27] Who are some of the larger bridge lender players in the area of financing? [19:04] Renters are now paying close to 50% of take-home pay - is this sustainable? [21:00] Do you also deal in the development market? [23:23] Steven's and Avery's persepctive on why the multifamily market has done so well [26:31] How have you seen underwriting change over the last few years [31:40] From your conversations and polls, what is keeping investors awake at night? [33:15] How can folks reach you? [33:39] Closing comments by Eric & Steven About Our Guest Avery Jordan is a senior director for Franklin Street. He's a broker specializing in multi-family properties in central Florida and across Tampa Bay. Avery was born and raised in Tampa, and he enjoys extensive relationships with apartment owners locally and throughout Florida. He has boots on the ground, and perfectly positioned to give us a feel of whats going on in the apartment market. Avery went to the University of Florida where he received a Bachelor's in Business Administration. GUEST CONTACT INFO Email: avery.jordan@franklinst.com Phone (direct line): 813-577-3826
It's always great to catch up with our friend Adrian. He has come a long way and we are proud of him. Since we last talked, he has written a book...started and investment program and travels the country talking about investing in mobile homes. We hope you take the time to listen to Adrian's update on the market...negotiating skills and marketing ideas. Key Discussion Points [01:02] Introduction by Eric & Steven [05:39] About our guest: Adrian Smude [08:00] How did you overcome your fear of public speaking? [11:16] Tell us about the book you just wrote on Mobile Home Investing: How to Buy Mobile Homes [15:17] Give us an overview of the mobile home market the last 2 years [16:20] How are you finding new opportunities? Are you partnering with people [19:30] What kind of yields are you seeing for mobile home investors right now? [21:30] How easy or difficult is it to find new tenants? [23:09] What do you do for marketing? [30:14] How long are the leases you typically sign? [30:57] Are you allowed to depreciate your mobile home assets? [32:36] How do you ensure you find your ideal tenants? [41:08] How can folks reach you? [41:44] Closing comments by Eric & Steven About Our Guest Adrian has been investing in real estate for 15 years, starting out as a hobby landlord. Only knowing what the banks told him, he followed that path for 10 years. It was then that he discovered his passion for real estate through meetings, like the Invest Florida Meetup. As the market shifted, so did Adrian's strategies for investing, leading him to mobile homes. This has now been his investment target for the last few years. AdrIan and his wife Erin are a husband and wife team, and they founded "My Wife Buy$" to help people sell their mobile home fast and make the process as simple as possible. Adrian was a previous guest on episode 175.
Jeremy Kloter, founder of Out Fast Property Management in Tampa, FL, gives us a window in to the Tampa Bay residential investment market.
Key Discussion Points [01:01] Introduction by Eric & Steven [02:54] About our guest: Jeremy Kloter [04:46] How are you surviving in the market now, and what is your perspective? [06:49] How are people dealing with this hyper-active market? [16:33] What CAP rates are you seeing now? [23:29] How do you see the market evolving, and what should investors be doing? [37:17] Any last "golden nuggets" you can share on your thoughts about the greater Tampa Bay market? [39:04] Are you seeing a slowing of heavy cash purchase? [40:37] How can folks reach you? [41:24] Closing comments by Eric & Steven About Our Guest Jeremy Kloter is a marine corps veteran turned broker. He is the founder of Out Fast Property Management, a Tampa Bay property management company that manages residential and multi-family properties. Jeremy has been an investor since 2013. He has been recognized in the Florida Realtor magazine, and he's a trainer for the Landlord Property Management Academy. GUEST CONTACT INFO Facebook / LinkedIn: Jeremy Kloter Website: OutfastPropertyManagement.com Cell: 813-610-0015
Circuitous Route to Investing in Jacksonville Ian is an attorney, a broker, and investor in the Jacksonville market. He credits his success with his roots as a bartender who exited college with a mountain of debt and little hope to dig out of it. Listen to this story about how he worked his way in to a better place by leveraging the Jacksonville market. Key Discussion Points [00:56] Introduction by Eric & Steven [04:00] About our guest: Ian Brown [05:03] Guide us through your interesting journey from bartender to attorney to real estate investor [14:12] So even thought you didn't have any big investors, you just jumped right in and went for it? [17:18] How are you managing your residential real estate assets? [18:24] So will you be shying away from section 8 housing in the future? [19:31] What areas in Jacksonville do you like? [20:05] Have you ventured outside Florida? OIr outside of the Jacksonville area? [21:08] We've seen dramatic changes lately in Florida. How have you seen the fundamentals change in Jacksonville? [22:49] What does the future look like for the Jacksonville area? [25:07] You have a diverse appetite for deals. What are the things you look for in a deal? [27:00] Tell us about your new podcast, Yield Coach [29:29] How can folks reach you? [30:12] Closing comments by Eric & Steven About Our Guest Prior to founding Brown Brothers Realty, Ian Brown was a senior consultant at a commercial real estate firm specializing in valuation and real estate analytics. In addition to being a licensed real estate broker, Ian is also a licensed appraiser. He earned is law degree from Florida Coastal School of Law. Ian is also an investor and owns an apartment complex; he's working on a storage deal, and also converting offices to Airbnb. GUEST CONTACT INFO Facebook: Ian Brown / Yield Coach Instagram: Ian Brown / Yield Coach Website: yield-coach.com
Ana is a wealth of information about the South Florida market. We welcome her back on the show to discuss the big factors that are moving the South Florida market and why there is no reason to see much deviation from the recent trends in the near term. Key Discussion Points [03:11] About our guest: Ana Bozovic [05:00] Give us an overview of what you thought would happen in the market back in the beginning days of COVID vs what actually happened [08:02] Talk about how the effects of COVID changed how we work [10:13] Effeccts of COVID on migration of Central/South America to Florida [14:50] Are you seeing significant numbers of cash deals compared to debt in South Florida? [15:45] Talk about inflation with higher gas prices, war in Europe, etc.. and what you see coming [18:51] What have you seen with pricing in residential South Florida [19:58] What about the increasing home pricing and sales in South Florida. Might there be a pull-back soon? [22:25] What do you see happening to the retail sector in South Florida now that the cloud of COVID is clearing? [25:17] Share more about your comment of a shift occuring - like the shift in flocus of South Florida emerging as a new capitol [27:02] Any last thoughts and/or insights? [28:20] How can folks reach you? [28:56] Closing comments by Eric & Steven About Our Guest Ana Bozovic is the founder and owner of Analytics Miami. For the past 3 years she has been publishing long term trend analysis on the Miami real estate market. The analytic Miami reports are outcome agnostic – they are not paid for by any brokerage, and their intent is to bring truth to the market. The reports draw upon her abilities to see past the noise and recognize patterns in data. Ana studied math and physics at Columbia university.
Gregg talks about the Jacksonville market and his firm's strategy to make investment acquisitions easy for investors looking for cash flowing deals. Key Discussion Points [03:33] About our guest: Gregg Cohen [04:35] How did you get started in real estate? And where are you originally from? [06:24] Tell us about your company, JWD Real Estate Capital. What differentiates your company? [10:11] What do the range of numbers look like for someone to invest in this turnkey investment solution? [13:27] Do you use any preferred lenders? What are the debt packages looking like right now? [14:59] What's your high level view of the Jacksonville economy? And where do you see it headed? [17:10] What neighborhoods do you like in Jacksonville? [18:27] Where do you see the Jacksonville market heading? [22:49] How does it work if someone wants to invest with you? [24:29] How can folks reach you? About Our Guest Gregg Cohen created JWD Real Estate Capital, a vertically integrated real estate investment company, dedicated to making real estate investing easy for clients. Gregg just doesn't want to own a successful business, he wants to change people's lives. GUEST CONTACT INFO Website: JWBMakesItEasy.com
Website: https://www.jwbrealestatecapital.com/ Phone: 904-677-6777 FB: JWBFacebookGroup.com Live Shows on Tuesdays and Thursdays at NYAIS.com
John Roberts and Stephen Barber are a duo of multiple interests....law, real estate investment and development. There is no question that they are plugged into the Panhandle region of Florida. Listen to this update on what is happening in their neck of the woods! Key Discussion Points [01:11] About our guests: John Roberts & Stephen Barber [01:49] How did you both get into real estate in the Florida Panhandle? [08:50] What is driving the economy in the Florida Panhandle? [11:01] What is the background on what John'sportfolio looks like? [16:31] As you've progressed and built up your portfolio, where do you see the growth happening now withi the Panhandle? [18:15] Discussion about the Panhandle and Spring Break [19:45] What distinguishes the Panhandle from the rest of Florida with regard to real estate market? [21:51] In what sectors within the Florida Panhandle do you see the best investments opportunities? [30:16] How can folks reach you? [31:37] How are you faring economically from the affect of recent hurricanes? About Our Guests Both John Roberts and Stephen Barber are attorneys in the law office of John W. Roberts. John graduated from the University of Miami, and his work is primarily in litigation; he's also a real estate investor. Stephen graduated from the law school of Florida State University, and he works in diverse areas of real estate.
Al Williamson, an engineer by trade, has found a way to capitalize on the extended stay rental market. Somewhere, between AIRBNB and traditional long term rentals, extended stay lodging can be a terrific way to juice your returns. Florida is a hot spot for this type of need in housing and with the infrastructure bill targeting multiple industries in the State, the demand will only increase for potential tenants....military to road contractors to health care workers. Listen to how Al captures, manages and profits from this market.
Key Discussion Points [01:05] Opening remarks by Eric Odum & Steven Silverman [04:14] About our guest: Al Williamson [05:29] How did you get into real estate? And why? [07:02] How did you migrate your business from duplexes to extended stay properties? [10:36] What's different about your extended stay properties compared to an Air BnB? [14:21] How are you marketing your extended stay service? [17:04] If you are just starting in this busienss, how do you know who to approach to get in front of them? [19:15] Are you seeing much opposition to extended stay rentals from the locals like there is for Air Bnb's? [21:50] What is your ideal property to use as an extended stay rental? [23:38] How are you looking for deals? [27:08] How can folks reach you? [27:45] Any final thoughts for people wanting to get into the extended stay rental market? [28:47] Closing comments by Eric & Steven About Our Guest
Al Williamson is the owner of Leading Landlord (LeadingLandlord.com). Al is a professional engineer, full time real estate investor, and the author of several real estate books. Al is a proud family man, and spends his days managing his corporate housing company and helping others reach their financial goals in extended stay rentals.
Viktor Jiracek followed his brother to Gainesville and turned that experience into a thriving real estate business (Fix and Flips, and long term holds). Viktor updates us on the market and leaves us some great tips on thriving in this most unusual market. Key Discussion Points [01:00] Opening remarks by Eric Odum & Steven Silverman [04:17] About our guest: Viktor Jiracek [05:12] How did you get started in real estate? [06:14] Why did you choose Gainesville, FL? [07:33] Give us an overview of what you are seeing in the Gainesville FL market [08:37] What are signs you look for to tell you the market is slowing down? [09:48] Are you still seeing multiple offers on first day of listing? Or has that cooled down a bit? [11:23] What calculations do you use to determine if something is a good deal? [14:06] How are you finding your properties? [17:06] Do you have your own crew for fix and flips? [17:46] Are you having any problems getting sub-contractors to work with you? What about pricing? [19:22] What areas in Gainesville do you really like? [20:15] What's been your best deal? And worst deal? [24:15] Are your real estate methods applicable to anywhere? [26:15] What are some mistakes buyers/wholesaler/flippers make when communicating with the seller? [28:21] How can folks reach you? [-28:58] Any last words of wisdom? [31:06] Closing comments by Eric & Steven About Our Guest Viktor Jiracek is a fix and flipper out of Gainesville, FL. He did over 20 flips last year, and has a goal is 30 flips for 2021. Vicktor's passion is flipping houses and teaching others how to do the same. GUEST CONTACT INFO Facebook: Viktor Jiracek Facebook group (free): Six Figure House Flipper
Martin Saenz runs a fund that invests in distressed mortgages. He discusses the state of the mortgage market, returns and how he creates win-win deals for investors and homeowners.
Key Discussion Points
[01:04] Opening remarks by Eric Odum & Steven Silverman [05:04] About our guest: Martin Saenz [05:57] How did you get started in real estate? [08:10] What motivated you to move from Washington D.C. to Sarasota, FL? [09:12] What's your view of the Florida market for the brief time you've been in Sarasota, FL? [10:38] How did you migrate from real estate investing into working with Notes & getting returns for investors? [11:40] What types of mortgages are you pursuing? [13:42] Are your funds leveraged? Or are they 100% equity? [14:05] What type of yield do investors get from their notes? [14:40] How are you finding these deals? [16:52] How would you recommend people setup their own Note business if they want to do this themselves? [18:26] What are the names of your 3 books? [19:26] Have you considered commercial loans? Or are you just staying with residential? [20:41] How do you handle compliance? Outsource? Internal? [21:51] What's your perspective on the debt market? Are there any signs of weakness? [23:49] Are you concerned with the recent amount of compression on the returns? [26:11] On the mortgage side in Florida, do you see anything positive, negative, or interesting factoids? [27:22] What's on the horizon as Florida deals with tight inventory? [29:07] How can investors learn more about your fund and possibly invest in it? [30:44] How can folks reach you? [31:17] Closing comments by Eric & Steven About Our Guest Martin Saenz is a managing partner at Bequest Funds. Martin has written 3 books on the mortgage industry. He co-founded Bequest Funds with the dual purpose of helping investors grow their wealth, and helping mortgage borrowers stay in their homes. Martin is a seasoned real estate investor with over 15 years of experience. GUEST CONTACT INFO Email: martin@bqfunds.com Website: https://www.bqfunds.com/
Chris Coleman comes back on the show to explain the significant changes in flood insurance policies from FEMA.
Key Discussion Points [01:07] Opening remarks by Eric Odum & Steven Silverman [04:33] About our guest: Chris Coleman [06:32] Give us an overview of the changes occuring right now with flood insurance [09:55] Is it fair to say those that don't have flood risk are subsidizing those that do have flood risk? [10:49] What are you seeing in terms of flood insurance rate increases? [13:05] So people who's flood policy will expire Jan 2022 are being notified of new flood policy - how is that working? [13:58] What about the companies that can help you revaluate your flood zone? [17:38] If the FEMA flood map showed an investor's property's base flood from 9 to 10, would you be able to tell the price increase? [18:32] Would you encourage people who are not in a flood plain to still get an elevation certificate? [19:35] Do you think climate change is affecting insurance and properties (other than flooding)? [20:44] How can folks reach you? [21:53] Closing comments by Eric & Steven About Our Guest Chris Coleman and his brother Dave are founders of Coleman Insurance Agency based in Pinellas County, Florida. Chris is a returning guest who last was on the show in episode 8. GUEST CONTACT INFO Name: Chris Coleman Phone: 727-441-9911 Email: chris@colemanagencyfl.com
Lauren is in California and her market is very similar to many markets in Florida, very tight and deals tough to come by. She figures out ways to carve out revenue by wholesaling virtually. Find out how!
Key Discussion Points [01:06] Opening remarks by Eric Odum [03:12] About our guest: Lauren Hardy [04:04] How and why did you get into real estate investing? [07:08] What exactly is real estate wholesaling? [09:01] How can a virtual real estate investment model benefit investors in Florida? [12:08] How do you find "hot" zones in Florida with deals being more difficult to find? [16:46] How do you find assignees for your deals? [18:52] What are some things do you look for when seeking out new markets? [26:07] How can folks contact you? [26:30] Do you have any last words of wisdom for us? [27:52] Closing comments by Eric
In This episode, Scott Maurer from Advanta IRA discusses proposed changes to self directed IRA's in the new infrastructure bill. Find out if this has any affect on you!
Key Discussion Points [01:06] Opening remarks by Eric Odum & Steven Silverman [04:32] About our guest: Scott Maurer [05:21 Tell us how proposed $3.5T infastructure companion bill will prohibit self-directed IRAs / 401k accounts from investing in private placements [10:30] How will the proposed $3.5T companion provision affect small syndicators to fund their deals? [12:33] So investors might be mandated to divest within a certain period of time, it's a recipe to lose money [15:51] Do you think the $3.5T package will pass the House & Senate? [18:16] Congress needs to listen to their consituents - make your voice heard! [21:42] How can folks contact you? [22:02] Closing comments by Eric & Steven
About Our Guest
Scott Maurer is an attorney and a graduate of the University of Florida Law School. Scott started his career with Advanta IRA in 2006, and is the director of business development at Advanta IRA. He is a returning guest to our podcast, and also has also attended our workshops and given lectures advising people on how to invest in real estate.
It can be difficult to get a decent rate of return in the current Florida market, and more and more investors are looking outside Florida to find deals in other states. Today we talk with Lindsay Davis, CEO of Spartan Invest", about investment opportunities in Alabama. Lindsay's investment services allow investors who live outside Alabama to purchase single family homes in Alabama, get the benefit of the low property taxes, and get a great overall rate of return on their investment. We also discuss the dramatic rise in construction costs over the last year, how it is affecting the building of new homes, and when this might stabilize and return to "normal". Key Discussion Points [01:06] Opening remarks by Eric Odum & Steven Silverman [06:23]] About our guest: Lindsay Davis [08:16] Tell us about your "one stop shop" real estate investment services catering to out of state investors [09:44] What rate of return are you achieving in Alabama? [12:13] What's are you seeing going on in the construction market? [15:12] Why are construction costs so high right now? [18:21] Talk about the hesitancy of homebuilders to build new homes [19:41] Where is the demand coming from in Alabama? [21:55] Where do your investors come from? [22:57] How is the real estate appreciation in Alabama? [24:44] What opportunities do you see going forward? What do you see happening with construction pricing? [26:33] How can folks contact you? [27:17] Closing comments by Eric & Steven
On today's podcast we talk with Sam Bates (CEO of Bates Capital Group) about his success in multifamily syndication. Sam left Corporate America and started his real estate journey in 2009. He walks us through how he first got into real estate, and the path and strategies he employed to get to where he is today. He also gives advice to investors interested in multifamily syndication. Sam's mission is to help busy professionals like himself gain their freedom back through investing in high-quality real estate investments. Key Discussion Points [00:59] Opening remarks by Eric Odum & Steven Silverman [03:48] About our guest: Sam Bates [05:27] How did you get into commercial / multifamily real estate? [08:51] What was your first deal? [10:22] Tell us about the structure of your deals [12:51] How do you manage the back-end of the syndication? Use another company? A software tool? [14:11] How do you deal with investors who want out of a syndication deal? [15:08] Tell us about how you've expanded your geographic reach [17:26] What attracted you to purchase a property in Sanford, FL? And what other areas in FL interest you? [20:17] How do you find your deals? Broker relationships? Send out letters? [21:42] How do you get the best value when selling a property? Go through brokerage? [22:56] How do you find your investors? [26:13] What do you look for in a deal? [28:51] How can folks reach you? [29:21] Any last words of advice for Florida real estate investors? [43:20] Closing comments by Eric & Steven About Our Guest Sam Bates is the founder and CEO of Bates Capital Group and co-founder and managing partner of Trinity Capital Group. Sam started his real estate journey in 2009 and has been directly involved in the acquisition, reposition, disposition, and asset management of over $100,000,000 in AUM. His portfolio currently has 749 units in Texas, Mississippi, and Georgia. Sam and his partners have roughly another 250 units in the pipeline to be developed. Sam has a Bachelor of Science degree from Texas A&M University in Finance, an MS in Personal Financial Planning, and an MBA from Texas Tech University. Sam is an avid sports fan, skier, and loves to the reader. CONTACT INFO Website: https://batescapitalgroup.com Most social media platforms
Today we talk with Ken Avalos, VP of Electra Capital, about alternative lending with a focus on multifamily financing solutions. Alternative lending is a great option when traditional lenders are unable to meet an investor's needs. The benefit of an alternate loan is more leverage (which means you put in less capital), speed, and the flexibility and creativity to work around odd structures and difficult issues. Depending on your situation, this can potentially allow you a greater rate of return. Most investors use traditional lenders like Fannie and Freddie, or use a traditional community bank - all of which typically offers low cost and long term fixed rate financing. However, these traditional lenders will usually at best give you 65%-70% leverage, and their underwriting criteria is fairly strict. And in today's world of 3%-5% cap rates, it's hard to generate a decent internal rate of return. Key Discussion Points [00:57] Opening remarks by Eric Odum & Steven Silverman [03:31] About our guest: Ken Avalos [04:56] How did you get into real estate and finance? [09:35] Do you think the Florida market is overheated? [14:50] Are you monitoring the rent to household income, and what are you seeing? [17:13] Explain about your alternative financing services [26:14] Does the bridge loan convert into a permant loan at the end of 3 years? [27:44] What deal size is attractive for your loan service? [28:42] Do you mainly loan to multifamily? Or do you also look at other asset classes? [30:03] Tell us about Mezzanine Debt vs. Preferred Equity as it relates to your product [42:09] How can folks reach you? [43:20] Closing comments by Eric & Steven About Our Guest Ken Avalos is the VP of underwriting and analysis at Electra Capital. He is a graduate of Boston college, and has an M.B.A. from the Stern School of business.
The multifamily market is hot everywhere, but especially in Florida, and it can be difficult to find good deals with the current cap rate situation and fierce competition. Today we talk with Vehano Joseph about his strategies to finding good multifamily deals in Florida. Key Discussion Points [00:58] Opening remarks by Eric Odum & Steven Silverman [03:38] About our guest: Vehano Joseph [05:40] What's your background and how did you get into real estate? [10:26] What do you look for in acquiring a property? [12:46] What parts of Florida do you like and dislike for real estate? [17:14] What cap rates are you seeing that enable you to acquire properties? [19:24] Tell us about your syndication deals, and any tips you can provide [21:08] Where do you investors come from? Mostly U.S.? [22:06] Do you farm out your property management? [23:44] Moving forward, is your strategy to go into more of the urban tupe environments? [25:08] Do you investors invest in the portfolio or in individual assets? [26:15] Are you utilizing brokers? [28:20] How do you get brokers to pay attention to you? [33:26] How can folks reach you? [35:05] Closing comments by Eric & Steven
Most real estate investors look for conventional opportunities, but there are some great deals to be had within the world of probate. Today we talk with Al Nicoletti, Attorney and probate specialist, about the ins and outs of probate and how it can be advantageous for real estate investors. What exactly is probate? If there is no appointed heir when the owner passes away, the property is turned over to the courts and then appointed to the closest relative as the executor to sell the property. Often times the executor is willing to sell the real estate at a discount so they don't have to deal with it. Eric Odum, the co-host of this show, has stated that almost all of the properties he's bought have been in probate. Key Discussion Points [00:55] Opening remarks by Eric Odum & Steven Silverman [03:25] About our guest: Al Nicoletti [04:37] How did you get into the probate business? [10:31] What is probate? And what do you do that's different? [17:15] How are investors able to find these probate properties at a discount? [22:35] How does your probate service help real estate investors? [23:35] So you do probates in all counties within Florida? [26:00] How do you structure your probate fees? [29:22] How can folks contact you? [30:29] Do you have any other great ideas for folks working the probate business [33:53] Closing comments by Eric & Steven About Our Guest Al Nicoletti is an attorney in Florida with offices in Jacksonville. With a focus on probate, Al has created a very unique niche working in the probate real estate market. He has created streamlined strategies to help solve even the most complex probate issues. Al is active on Facebook, has a YouTube channel (Al Nicoletti), and has a podcast show called The Al Nicoletti Show. CONTACT INFO Phone: 904-999-0053 Website: www.alnicoletti.com Email: al@alnicoletti.com
Today we discuss 1031 exchanges with Michael Brady, and the Biden Administration's proposal to possibly eliminate them, as well as the potential impact this will have (and is having) on real estate. As an overview, a 1031 exchange allows you to sell one investment or business property and buy another without incurring capital gains taxes. It also has a multiplier affect in that 1031 exchanges help to generate revenue, jobs, and economic development. So why is the current White House administration proposing to possibly eliminate 1031 exchanges when cutting it would barely put a dent in the deficit? Is this really a good idea? Key Discussion Points [01:06] Opening remarks by Eric Odum & Steven Silverman [03:32] About our guest: Michael Brady [05:14] What is a 1031 Exchange and why is it important? [07:09[ How have 1031 Exchanges and captial gains changed over the last 30 years? [10:19] Discuss the thinking of Congress to cut 1031 Exchanges to help lower the defiicit [12:52] If 1031 Exchanges get cut, how will that affect real estate transactions and prices? [16:43] If 1031s get cut, when might this happen? And might it be retroactive? [20:20] How can folks contact you? [21:32] Closing comments by Eric & Steven
On today's podcast we talk about the importance of due diligence on both the buyer and tenant side with Natalia Ouellette, founding partner at LCO Law LLC. Natalie offers a wealth of information as we cover numerous aspects of due diligence, from engineering and structural aspects to making sure the survey and title is accurate, and we spend a good deal of time covering some common lease terms that may trip up a buyer. Key Discussion Points [01:10] Opening remarks by Eric Odum [04:30] About our guest: Natalia Ouellette [07:19] How did you get started in real estate? [11:40] Discussion about due diligence on the buyer and tenant side [19:47] Discussion about due diligence of acquisitions of investment properties [34:06] Talk about Joint and Several Liability (new buyer has to pay past dues of previous owner - ie HOA fees) [43:22] What are some terms when signing a lease that are common but could trip up a buyer? [56:12] How can folks contact you? [1:00:00] Closing comments by Eric About Our Guest Natalia Ouellette's practice focuses on helping real estate investors reclaim their time and their sanity with their contracts, leases, evictions, foreclosures, purchases, and tax deeds. Natalia is a founding partner at LCO Law LLC, and has successfully completed nearly a thousand Tax Deed cases and has skillfully represented foreclosure bidders in hundreds of cases, assisting them in recovering deposits, confirming foreclosure sales, negotiating lien payoffs, and re-foreclosing omitted junior lienholders. For nearly a decade, she was president of a Tampa Bay title company, and has participated in over six thousand closings. Check out Natalia's book on Amazon: TAX DEEDS – HOW TO BECOME AND STAY WEALTHY BY MASTERING LIENS, POSSESSION, AND MARKETABILITY CONTACT INFO Phone: 813-480-2106 or 813-408-2309 Email: legaladmin@lcolawfl.com Website: https://lcolawfl.com/ YouTube: search for Natalia Ouellette or google Natalia Ouellette
Today we talk with Ben Pleat, CEO and founder of Cobu, which is a fully moderated community software app that helps build sense of community among residents of large apartment complexes while also helping to increase resident satisfaction and thus increase retention and renewals. Living in apartment buildings can be an isolating experience. The way Cobu helps to build community is by connecting residents based on shared affinities -- for example, a mom's group, parent group, foodie group, dog group, etc, and it enables residents to create community in a way that doesn't require additional time or budget from the property team.
On this week's podcast we talk with Alan Fruitman about single tenant triple net (NNN) leased properties. A NNN lease helps minimize the responsibilities for the investor since the tenant agrees to pay all the expenses of the property including the real estate taxes, building insurance, and maintenance. A very interesting discussion that emerged from this episode is the current administration's proposal to cut 1031 exchanges, which would be a tremendous blow to real estate. If Capitol Hill eliminates the 1031 Exchange, this will have a dramatic and negative affect on real estate as this would decrease proceeds by almost 50%. As a consequence, Alan predicts a heavy volume of real estate transactions in Q3 and Q4 as investors are trying to get their sale and 1031 exchange in before the end of 2021. Key Discussion Points [01:04] Opening remarks by Eric Odum and Steven Silverman [04:55] About our guest: Alan Fruitman [06:00] How did you get started in the single tenant world? [07:23] What is Triple Net and Doubl Net? [10:30] Overview of single tenant market [12:38] What would you advise for a buyer of a single tenant property? [20:57] How are you finding value in this tough market / which regions are hot markets? [25:53] What are your thoughts on the medical triple net market? [32:20] Tell us your thoughts on Capitol Hill potentially eliminating the 1031 Exchange and it's affect on real estate [42:36] How can folks contact you? [43:30] Over the last 2 years, what cap rates have you seen on single tenant deals (i.e. Walgreens, CVS, etc..)? [47:11] Closing comments by Eric & Steven About Our Guest Alan Fruitman is the president and managing broker of 1031tax.com. Alan specializes in helping investors purchase single tenant NNN properties nationwide. He is the author of The NNN Triple Net Property Book: For Buyers of Single Tenant NNN Leased Property. CONTACT INFO Phone: 1-800-454-0015 Website: 1031tax.com
Eric Odum tells the real life ongoing story about a borrower and a private lender, and the importance of ensuring that when a loan is paid off, that the mortgage satisfaction has actually been recorded. In this case, the borrower wanted to sell his property. However, although the borrower had paid off the mortgage to a private lender 16 years ago, and the lender supplied a satisfaction of mortgage to the borrower, it was never filed. The borrower did find the mortgage satisfaction document, but the title company said it was not sufficient satisfaction and they would need to issue a new document, and to make matters worse, the lender did not remember the transaction.
During this COVID19 epidemic, mobile home parks have outperformed other real estate asset classes. Today we talk with Eloy Retana about the Mobile Home Park Market in Florida and how he considers them a safer asset for investment as we enter a period of economic uncertainty. Eloy and his partner have done quite well in this market as housing affordability has become more of a problem. Since it is more difficult for a mobile home tenant to move, Eloy enjoys the stability and longevity of the tenants. Up until recently, investors in the mobile home park market have been seeing 15%-20% cash on cash returns with the potential to double their money within 5 years. Although lately it's been more difficult to reach those returns with the increased competition and rising prices. However, great returns and cash flow are still there for savvy investors. Key Discussion Points [01:03] Opening remarks by Eric Odum and Steven Silverman [07:42] About our guest: Eloy Retana [08:41] How did you get into the real estate business? [09:51] How did you migrate into mobile homes? [17:19] How is it working with you syndicating your deals? [19:55] What would you advise for folks wanting to leverage syndication to get bigger deals? [23:35] How is the supply in the mobile home park market? [27:35] What kind of ROI can investors expect for mobile home parks relative to other investments? [28:53] What do you like about investing in Florida? [30:25] What are the pros and cons of a partnership model? [31:51] When someone leaves a mobile home, are there still people buying mobile homes and moving into parks? [32:35] Has debt been easier or harder over the last 12 months? What does your debt look like? [34:20] How do you find these mobile home parks to invest in? [35:34] How can folks contact you? [37:05] Closing comments by Eric & Steven About Our Guest Eloy Retana is a passionate real estate investor based in Denver, Colorado but who invests in Florida. He is the Principal & Investor Relations Manager at Apex Communities and is the host of a podcast called, "The Savvy Mobile Home Park Investor". He's currently invested in 113 apartment and mobile home units. CONTACT INFO Website: partnerwithapex.com Text: text "free book" to 474747 for Eloy's free eBook, "The Top 3 Reasons to Invest in Mobile Home Parks"
While many Florida investors focus on multifamily investments, Alicia Jarrett and her team are focused on land investments - and they are doing quite well. And did we mention Alicia is based in Australia? Alicia discovered that the turn-around time with land is actually quicker (just a few days) than any other physical asset like multifamily or single family. Surprisingly, there are a lot of people that own land that don't want it, so there are a lot of Florida land investment opportunities out there. Alicia uses a systematic approach combined with technology to help her and her team find, manage, and sell these land investment opportunities - and she can help you as well.
It's no secret that the Florida real estate market is red hot. But how long can it last? And how will the $1.9T stimulus affect the market over the next 6 months - 2 years? Today we are joined by San Eng, CEO of Skytian Capital, who gives us his perspective on the central Florida multifamily market, with a focus on B and C class properties. San Eng is a Wall Street Journal & USA Today best-selling author of "The Ten Commandments of Investing", which is a collection of guiding principles from the greatest investors in history.
Over the last year there have been a lot of changes in the Florida debt market due to the COVID pandemic, and the distress in the market is having a real affect. Today we talk with Casey Siggins who gives an overview of the various asset classes and what the debt market is doing in each of these. Key Discussion Points [01:10] Opening remarks by Eric Odum and Steven Silverman [04:42] About our guest: Casey Siggins [06:27] Give us a high level view of the markets right now and the underwriting situation [10:58] Give us an overview of the distress in the market right now (retail, hospitality, multifamily, industrial, office) [18:29] Overview of the larger lendors and how they've changed over the last year [22:28] Quick discussion of non-recourse loans [23:14] What is going on in the equity markets? [25:23] Give us an overview of some of the niche markets [28:06] Are there any areas in Florida or asset classes where lenders are hesitant or won't touch [30:43] Tell us about how your firm, Franklin Street Capital Advisory, can help investors/borrows find the capital they need [33:14] How can folks contact you? About Our Guest Casey Siggins specializes in the origination and placement of debt and equity financing for all commercial real estate product types. Casey and his team have closed nearly 1 billion worth of debt and equity transactions. He is the co-head of Franklin Street's capital advisory vertical. Casey Siggins specializes in the origination and placement of debt and equity financing for all commercial real estate product types. Casey and his team have closed nearly 1 billion worth of debt and equity transactions. He is the co-head of Franklin Street's capital advisory vertical. CONTACT INFO Website: https://franklinst.com/ Email: Casey.Siggins@FranklinSt.com
Today we get an update on Florida multifamily construction from our guest, Jeff Rosenfeld, Executive Vice President of Adivo Construction. Florida has had a lot of disruption in the last couple years with things such as tariffs and COVID. Recently, Florida has seen a mass influx of new residents looking for multifamily housing, but there is currently a shortage of skilled construction labor. We talk about how this is affecting multifamily construction costs and discuss how some investors are re-purposing various assets such as hostels and commercial loft space into multifamily housing (commonly called adaptive reuse).
Key Discussion Points [01:07] Opening remarks by Eric Odum and Steven Silverman [06:08] About our guest: Jeff Rosenfeld [06:59] Give us an overview of Florida Multifamily market [10:15] What's been going on with multifamily construction costs in the last few years and since COVID? [11:53] What's the outlook on multifamily construction costs? [13:26] With COVID as a disruptor, tell us about adaptive reuse (converting hotels / commercial loft space into multifamily) [15:05] What areas of Florida are you seeing the most adpative reuse / repurposing of assets into multifamily? [18:08] Is some of this asset repurposing going towards workforce housing? [20:22] Tell us about the construction labor force situation in Florida [25:08] How is construction adapting to low labor force? [27:45] How would you compare the Florida markets vs the other markets around the country you work in? [29:47] What types of value-add are you doing to improve your properties? [35:48] How can folks contact you? About Our Guest Jeff Rosenfeld is Executive Vice President and founding partner of Adivo Construction based in Deer Field Beach, Florida.
CONTACT INFO Website: https://www.adivoconstruction.com/ Toll Free Number: 833-825-2425
Today we talk with Charles Carillo, founder and managing partner of Harborside Partners Inc., about all things multifamily. This episode is packed with great information that both new and seasoned real estate investors will appreciate such as pitfalls to avoid when investing, advice for new multifamily investors, cap rates, and what the future holds for multifamily real estate. You won't want to miss this episode!
Key Discussion Points
[01:04] Opening remarks by Eric Odum and Steven Silverman
[03:51] About our guest: Charles Carillo
[04:22] Give us an overview of how and why you got into multifamily
[06:43] What are you seeing in Florida (such as cap rates) that might be affecting the market now and going foward?
[09:32] What cap rates are you seeing that people are willing to pay?
[13:38] What are some pitfals to avoid and advice for new multifamily investors?
[17:31] How do you manage your maintenance issues at your properties?
[26:48] For those thinking about investing in real estate, how can you help each other?
[28:40] How do you deal with debt? Traditional bank? Agency debt?
[30:38] How are you finding / sourcing your deals?
[33:23] What are you currently working on (i.e with investors, etc...)
[36:41] How can folks contact you?
[37:46] Closing comments by Eric & Steven
BIO
Charles Carillo is the founder and managing partner of Harborside Partners Inc., a real estate syndication firm based in St. Petersburg, FL. Charles has been actively investing in multifamily real estate since 2006. He also hosts the Global Investors Podcast, where he interviews professionals about investing in U.S. real estate.
CONTACT INFO
Website: schedulecharles.com
Note: All social media contact links are on schedulecharles.com
Today we talk with Jason Schaller, founder of the Schaller Group in Winter Park FL, about multifamily syndication in the central Florida market. Jason spent a lifetime learning construction, redevelopment, due diligence, inspection, marketing, and branding, and he has now put all that knowledge to work with his own company, The Schaller Group, which syndicates multifamily investments and provides outside consulting and advisory services for owners and investors nationally.
Key Discussion Points
[01:03] Opening remarks by Eric Odum and Steven Silverman
[05:24] About our guest: Jason Schaller
[11:44] For your syndications, are you looking specifically in the Winter Park Orlando market or are you looking anywhere?
[12:44] With multifamily being a tight market, how are you finding your deals?
[14:07] Are you still doing consulting on refits and remodels...people wanting to purchase?
[14:41] Do you do any ground-up development?
[15:43] Is it even possible to build Workforce Housing in this market?
[18:02] What does your financing look like on these development deals? Do you go through bank financing? Freddie Mac?
[18:58] How do you handle student housing vs workforce housing or traditional class B apartments
[21:32] Where do you see cap rates headed?
[27:24] How do you structure your syndications?
[29:38] Do you use someone locally to do your syndication packages?
[31:11] What is your strategy for branding and reworking properties to add value for investors?
[36:41] How can folks contact you?
[37:46] Closing comments by Eric & Steven
About our guest:
Jason Schaller is founder of the Schaller Group, based in Winter Park, FL. The Schaller Group is a forward-thinking design, construction and real estate company focused on the redevelopment of Multifamily, Hospitality and Commercial assets. The Schaller Group syndicates multifamily investments and provides outside consulting and advisory services relating to design, construction, due-diligence, marketing, branding, sales and asset management for owners and investors nationally.
CONTACT INFO
Phone number: 313.670.9020
Website: https://www.theschallergroup.com/
LinkedIn: Jason Schaller
Even before the COVID crisis, Florida had a strong natural growth which as driven up real estate prices. Now during COVID, that growth is intensifying as people are fleeing intensely populated metropolitan areas from other states and flocking to Florida. Financing is therefore, playing a more and more important role, and with current rates so low, we can expect a lot of new construction to fill the demand.
Today we talk with Andrew LaSalla II, Principal with LSG Lending Advisors, about the process for someone to move forward on a multifamily construction deal, specifically the HUD 221(d)(4) new construction & substantial rehabilitation loan for multifamily properties.
Key Discussion Points
[01:05] Opening remarks by Eric Odum and Steven Silverman
[05:00] About our guest: Andrew LaSalla II
[05:54] Give us an overview of what's going on in the agency market right now
[07:21] What is the criteria to do one of these loans?
[08:38] What does the structure of the HUD 221 (d)(4) loan look like?
[09:36] What is the timeframe for these loan deals?
[10:04] How should people best position themselves to get one of these HUD construction loans?
[12:40] For a standard $15M loan on a multifamily investment, what does that structure look like (Fannie or Freddie)
[15:17] At what stage should someone get involved with you when they're looking to finance?
[16:28] How can folks contact you if they want to refinance or get inolved with new construction?
[17:39] Closing comments by Eric & Steven BIO
Andrew LaSalla II is a Principal at LSG Lending Advisors. Andrew guides clients in navigating the loan process in a simple, transparent manner, so that the loans close at the lowest rates and the best terms. CONTACT INFOCell: 216-645-9816
Email: andrew@lsglendingadvisors.com
Website: lsglendingadvisors.com
Today we talk with David Drewett, owner of Property Hero. David provides a great service to Sarasota, FL by providing affordable housing in a market that's not affordable. He does this by investing in distressed multifamily properties, fixing them up and adding rooms in the living spaces, and then he rents out the rooms. The tenants share the kitchen and bathroom, and they also do the cleaning and light maintenance. It's a win-win since the community is happy to see buildings getting painted and fixed up while helping people get affordable housing, and it's a great business for David. Key Discussion Points
[01:05] Opening remarks by Eric Odum and Steven Silverman
[05:49] About our guest: David Drewett
[06:58] How did you get started in real estate investing?
[08:27] Why did you choose Sarasota to start your real estate business?
[11:29] At what point did you get into multifamily
[12:38] What type of multifamily properties are you targeting for investments?
[16:12] What is your ideal tenant for the rooms you rent out?
[17:46] Tell us about your tenants doing the maintenance and cleaning
[19:17] Do you do leases or month to month?
[20:17] What are some of the important tenant rules in maintaining your business model?
[24:25] Do yo have someone help you with the leasing, or do you show the spaces yourself?
[26:33] How do you manage your properties and tenant payment
[29:42] What advice would you give to new investors - knowing what you know now?
[33:59] How are you managing your crews?
[35:27] How can folks get in touch with you?
[40:40] Closing comments by Eric & Steven BIO
David Drewett is the owner of Property Hero. He and his company have closed more than 500 real estate transactions in Florida. David is knowledgeable in most facets of real estate transactions and is known for paying top dollar for investment properties. David is an investor in multifamily, and most recently is buying distressed multifamily properties and rents out the rooms. CONTACT INFO Cell: 941.544.8873 Website: http://bradentonrooms.com/
Today we talk with Lauren A. Cohen, founder of eCouncilInc.com. Lauren is both an attorney and a realtor, and she uses this background to help foreign nationals find and secure U.S. real estate investment opportunities as well as obtain visas. For those foreign nationals looking to use real estate as a vehicle for obtaining a visa in the U.S., there is a way to do it, but you have to do it in the right way and use qualified professionals to help you. Lauren and her team can assist with all aspects of U.S. real estate investments and securing visas. Key Discussion Points [01:04] Opening remarks by Eric Odum and Steven Silverman [05:53] About our guest: Lauren A. Cohen [06:41] How did you get involved in real estate as an attorney and realtor? [09:09] How can someone become a legal U.S. resident by investing in real estate? [13:55] Which real estate scenarios are you seeing foreign investors best qualify for an E2 visa [20:53] Discuss the implications of foreign investors purchasing U.S. real estate [25:12] From a cash flow standpoint, what does it take to qualify for an E2 visa? [26:20] Can foreign investors carry debt on real estate investments for an E2? [27:03] Talk about foreign investors raising equity from friends and family in their home country [29:23] What are the implications for foreign investors investing in land? [31:04] Do you clients invest primarily in Florida or in other parts of the U.S.? [32:32] How do you help your clients find the right real estate investments? [34:04] What is the difference between the E2 visa and EB-5 visa? [35:33] How can folks get in touch with you? [38:16] Closing comments by Eric & Steven Lauren A. Cohen is founder of ecouncilinc.com and is an international lawyer, realtor, and cross-border expert. Lauren is also a best-selling author and sought-after speaker, and a globally acclaimed legal and real estate business adviser. She has been featured in Inc. magazine, the Wall Street Journal, NPR, Working Mother, tv, and many podcast and radio shows. As a lawyer and realtor, Lauren is particularly well suited to guide investors in their cross-border investment pursuits. CONTACT INFO Website: https://ecouncilinc.com/ Facebook & Linkedin: Lauren A. Cohen
Most everyone has a profile on LinkedIn, but few understand the power that it has to find investors and raise money. Engagement on LinkedIn is at an all-time high, with the average household income above six-figures. Today we talk with Yakov Smart, the leading expert when it comes to attracting high net worth investors and raising capital through LinkedIn. Yakov discusses how to create lists to find investors, how to approach investors once you've found them, and how to optimize their LinkedIn profile to build credibility. Key Discussion Points [01:04] Opening remarks by Eric Odum and Steven Silverman [03:34] About our guest: Yakov Smart [05:02] How did you get into using LinkedIn to help find investors? [07:17] How do you convince people that LinkedIn can help find investors? [16:09] Whare are some specific ways to create lists on LinkedIn, and how does the LinkedIn Sales Navigator fit with this? [19:53] What are some mistakes people make on LinkedIn when trying to target high profile investors? [24:08] Once you find investors on LinkedIn, what's the best way to approach them? [30:19] How can a people best optimize their LinkedIn profile to build credibility? [37:13] What's some of the language you would use to find investors for real estate deals? [40:30] What are some of the online events you have coming up related to using LinkedIn to find investors? [41:19] How can folks get in touch with you? [41:57] Closing comments by Eric & Steven
Today we talk with Ana Bozovic, founder of Analytics Miami, about her outlook on the Florida market using her analytical, unbiased, and data-driven approach. The focus for this episode is mainly on the residential market, from condos to single family homes - and we even discuss if climate change & sea level rise is having an affect on the single family home market in Miami Beach and other areas. An interesting take-away is that COVID-19 has accelerated trends that were already in place. Ana's overall conclusion is that Florida will continue to grow and flourish as people continue to come to Florida to live. Key Discussion Points [01:05] Opening remarks by Eric Odum and Steven Silverman [04:09] About our guest: Ana Bozovic [05:14] How did you end up in Miami, and how did you got started in your Analytics business? [08:48] What do you see happening in the condo market? [14:15] How is the transaction volume doing in the more affordable housing market? [18:02] Is Climate Change / sea level rise having an affect on the single family home market in Miami Beach area? [21:53] Post-COVID, what is the picture looking like for those spending more than 50% on housing? [24:16] Do you agree with Eric that there will NOT be a sudden buying opportunity / 10%-20% reduction in asset prices [29:01] Do you think some of the commercial data out there may not be revealing the correct outlook? [35:40] How can folks get in touch with you? [38:36] Closing comments by Eric & Steven
Today we talk with Landrum Randolph about property management and the software he created, called RAAMP, to help with property management. Leases can be complex, and property management can be complex because leases are always different. What's interesting about RAAMP is that it's built around the lease, and from that everything else is driven - the accounting, the financial reports, document management, etc... Both Eric Odum and Steven Silverman use RAAMP for their property management needs. Key Discussion Points [00:58] Opening remarks by Eric Odum and Steven Silverman [05:51] About our guest: Landrum Randoph [06:31] Tell us about the RAAMP property management software you developed, and how you got into the property management business [08:22] Did you competitors play a role in this niche you tried to fit into? [09:50] Can your software, RAAMP, deal with types of property that other competitors struggle with? [10:27] Are there any asset classes that might not be a good fit for RAMMP? [11:30] What type of property owners is RAMMP best suited for? [15:00] What are some of the most useful reports RAAMP provides for property managers? [17:46] Does RAAMP help with document management as well? [18:54] What upgrades to RAAMP will you be doing within the next year? [23:29] How can folks get in touch with you? [24:42] Concluding comments
Finding real estate leads and deals is one of the hardest things for investors, especially new investors just starting out. Some people respond to email, some to Google ads, and some to Facebook - there's no silver bullet. Today, we talk with Gus Munoz Castro from PowerISA about his leads-generation service his company provides that can help you find the right deals. Gus also discusses the benefits of Facebook leads and walks us through his process which focuses on the conversion of Facebook ads and other internet methods to help you get the leads you've been looking for. Key Discussion Points [01:02] Opening remarks by Eric Odum and Steven Silverman [03:57] About our guest: Gus Munoz Castro [04:40] How did you end up going from Microsoft engineer to real estate agent? [10:39] Tell us a about how your system & process works utilizing internet leads and telephone [12:20] So you do the follow-up off the inbound leads from the FB ads - tell us about that [13:02] What's the process for you to get the FB leads? [14:48] What are the benefits of FB leads? [32:30] Do you work with marketing agencies that have a focus on real estate? [37:11] Do you think FB is the best business to business platform? [39:11] Tell us about the discriminitory issues with targeted FB ads [43:07] How can folks get in touch with you? [44:19] Concluding comments
If you are interested in turning your investment property into a successful short-term vacation rental, then this episode is for you. Today we hear from J-Ryan Steward & Jared Higginbotham of Teal Door Hosting about about the short-term rental market as well as how they can work with you using their full scale management service. Note that this episode is a recording of a recent Meetup attended by our podcast host, Eric Odum. Short term rental is a relatively new market segment within the last 10 years or so. During this current market saturation reset, J-Ryan and Jarrod expect the next 2-3 years to have really good high profits for short-term rentals. Key Discussion Points [00:59] Opening remarks by Eric Odum [03:52] About our guests: J-Ryan Stewart & Jared Higginbotham [04:57] Tell us about your Full Scale Managmement service to turn investement properties into successful short terms rentals [08:05] Discussion about Good and Bad Business Models for short term rentals [14:54] Do you help with the marketing when managing a property? [25:37] What things about vacation rentals that are chaning that keep you up at night? [30:00] What property characteristics make better investments for short term rentals? [31:46] What about Association or neighbor objections? [38:40] Discussion about current short-term rental rates during COVID-19 [53:27] Do you do paid consultations outside your management area? [57:55] Concluding comments
Today we talk with Derek Waltchack, partner at Shannon Waltchack, about his personal perspective on the retail market. While many investors steer clear of retail, especially when retail assets like malls are not doing so well, Derek embraces it and is doing quite well. Our co-host, Eric Odum, is also bullish on retail, and said as long as we are driving cars, there is always going to be a need for people buying product or delivering service. So despite what you may hear, retail is a very stable asset class, especially when it comes to strip centers in good neighborhoods. A little known but interesting fact about Derek is that he is also a part time truffle farmer and has the only truffle farm in Alabama. Very cool! Key Discussion Points [00:58] Opening remarks by Eric Odum and Steven Silverman [04:51] About our guest: Derek Waltchack [067:12] So you are also a part time truffle farmer in Alabama - tell us about that [11:21] Tell us about the podcast you just started called "Brokerlord" [14:13] How is your brokerage business doing right now, and how are you dealing with your tenants and assets? [19:18] Discussion about why some people think retail is "terrible" when in reality it's doing well [21:35] How have you dealt with your tenants during this time of COVID? [26:42] Are you seeing signs of distress with tenants not being able to pay their mortgages? [32:17] Looking forward, do you have any special concerns about the market? [35:44] Discussion about the office asset class [42:54] What are you doing from an aqcuisition standpoint? [44:50] Where are you getting your debt from? [45:57] Are you seeing prices go from the 7 cap to the 8 cap? [46:53] How are you aqcuiring investors for your fund? [48:42] How can folks get in touch with you? [49:37] Closing comments by Eric & Steven
Today we discuss the current Florida Market and the Market Forecast with Brian Alford, director of Market Analytics for CoStar Group. Brian uses market data analysis to give us a current high-level and detailed overview of Retail, Industrial, and Office - as well as his market forecast for each. These are certainly unsettling times with COVID-19 affecting various businesses and asset classes. The good news is that, according to Brian, the overall forecast looks pretty good and Florida will come out ok.
Today we talk with Jeremy Kloter, owner of Out Fast Property Management, about how the market is looking currently, how it will evolve over the next several months, and what the market will look like post COVID19. Eric thinks that after the evictions and foreclosures start hitting the market again, we will see a short flattening of the price curve, and then there will be a pricing bubble as the market heats up over the next 18 months. As Eric says, "You can't dump trillions of dollars into the economy and have it not affect real asset values." We also discuss property prices, property management, fix-and-flips, and funds. Key Discussion Points [01:01] Opening remarks by Eric Odum [02:19] About our guest: Jeremy Kloter [03:29] Tell us about your background and how you got into real estate [05:38] What are you seeing in the market, and how has it changed since COVID? [08:06] Are you seeing prices of properties getting bid up very quickly? [09:56] How do you see the market evolving the next several months and after COVID? [15:03] From the property management side, are tenants - paying rent? struggling to pay rent? or taking advantage and not paying? [18:16] Tell us about your "fix-and-flips" / "buy-and-hold" deals and how you're structured [22:03] Tell us about your fund and how you arrived at your process for raising capital [24:40] How can folks get in touch with you? [34:27] Closing comments by Eric
Today we talk with Byron Fisher, owner of BT Realty Services in the Tampa Bay area, about his real estate strategies during this COVID19 pandemic. Although Byron only started in real estate in 2012, he has become quite successful in a short amount of time. Byron also gives his advice to new investors on how best to navigate the current real estate market and mistakes to avoid. Also discussed is that we are in somewhat of an artificial market as there really hasn't been much of a change in prices and valuations due to the pushing off of foreclosures and evictions - but it's only a matter of time before this changes. Key Discussion Points [01:01] Opening remarks by Eric Odum and Steven Silverman [05:31] About our guest: Byron Fisher [06:04] How did you get started in real estate? [12:24] Are you using debt to acquire properties (the ones you are currently holding)? [13:36] How has COVID19 affected your rental and acquisition business? [15:54] Tell us about the online auctions you're involved with (Auction.com, Hubzu, etc) [19:56] What's your opinion on where you think the market will go and what opportunities might come up? [21:28] What have you heard about Gov. DeSantis pushing off foreclosures and evictions even later than August 2020? [24:47] What types of mistakes do you see people making as they build their real estate business? [25:33] Do you have your own crews that can help fix up real estate properties? [31:19] What advice can you give to new investors on how best to navigate this real estate market we're in? [32:19] How can people contact you for opportunities or questions? [34:27] Closing comments by Eric and Steven
Jake Marmulstein is a tech-savvy entrepreneur and co-founder & CEO of Groundbreaker, a tech company that creates software to automate real estate fundraising, investment management, and investor relations. Jake discusses the software and how it is helping real estate investors and syndicators. He also reveals how he got the idea and how Groundbreaker got started.
Today we talk with Colin Murphy about how the COVID19 crisis is affecting the single family market. Colin is active in the affordable single family home market - $150k-$180k concrete block homes - and they have been remarkably resilient which means he hasn't seen many discounted prices or special deals as a result of COVID19. At least in the near future, Colin doesn't think we will see a wave of short sales or foreclosures. Some of the reasons for this are that banks aren't giving out the bad loans now that they were giving out 12 years ago. Also, a record number of home owners have refinanced which has given them additional cash flow to weather a storm. There is just not as many distressed homes on the market to get a discounted price or deals. This can all change, however, as real estate is a lagging indicator and is a couple of months behind the wider economy.
Today we talk with Albert Auger who shares his story of how he went from broker to developer to investor. Albert is a successful real estate investor who's cash flow allows him to live in Europe while he continues to invest in Florida. His model is "keep it simple" and his strategy is value-add, stay in the property for 3-5 years, stabilize it, then sell it. Albert gives some practical advice such as suggesting going out and doing your own research. Don't assume that just because somebody says property is "prime property" that it actually is prime property - ask "why" it is prime property. Also, try to talk to people in person to build good relationships, or at least get on the phone and talk to people and start making connections. Key Discussion Points [01:01] Opening remarks by Eric & Steven [05:32] About our guest: Albert Auger [06:11] Background on how Albert got started and where he's from originally [10:45] Tell us about the first property you invested in and what you learned [17:39] Tell us about your book and why you decided to write it [22:52] How is it working for you living in Europe but investing in Florida? [28:42] What is your opinion on recent news of Retail going away and never coming back? [34:37] Do you have some fixed partners you work with? And are you still looking for partners to network with? [38:24] How can people contact you or purchase your book? [39:29] Closing remarks by Eric and Steven
On today's podcast Eric Odum and Steven Silerman give their thoughts and analysis on the Commercial Real Estate market during this COVID19 pandemic. They cover each asset class from retail and office to residential / multifamily to Industrial and everything in between. While COVID19 has put the breaks on a lot of real estate activity, there is a light at the end of the tunnel. People are social by nature, and are ingenious. Business models are evolving and changing with the times to stay competitive. As Eric Odum stated during the podcast, "Don't bet against people being people." Key Discussion Points [01:01] Opening remarks by Eric and Steven [04:11] Retail Asset Class [08:58] Restaurants are getting bludgeoned due to COVID-19 [11:13] Office Asset Class - Current and future changes to the Office environment [18:08] Residential & Multifamily Asset Class [22:07] Industrial Asset Class [25:07] Storage [27:53] Student Housing & Education [30:46] Hospitality Services (Hotels) [31:59] When is there going to be a buying opportunity? [36:10] Summary remarks by Eric & Steven
Today we talk with Rod Khleif -- real estate and multi-family investor in Sarasota, FL -- about how he is coping during this COVID crisis. Although Rod admits that a lot of business aren't going to make it through this pandemic, he takes the position that "along with serious pain, there will be serious opportunity" and that investors should focus on moving forward and not get caught up in the fear and hype.
Key Discussion Points [01:03] Opening remarks by Eric Odum [04:14] About our guest: Rod Khleif [05:12] Tell us how you're faring in multi-family and what the outlook is for the future [12:12] What's your situation with managing your tenants during this COVID crisis? [24:31] How should investors be positioning themselves for the future? [29:06] Are you worried about not having a COVID vaccine for another 18 months? [34:23] How is this recession different than the last recession? [40:04] Closing remarks by Eric Odum
Today we talk with Beth Azor, founder and principal of Azor Advisory Services, as she shares her current experience with managing her properties, tenants, and banking relationships during this COVID crisis. Beth is facing the same fears and frustrations and many others in commercial real estate. What if I don't get the rent? Maybe I can pay this month's mortgage payment but what happens next month? Beth gives unique insight as a person that is involved in all areas of commercial real estate. Retail, landlord, broker, property manager, and she's able to provide a deep perspective on what the various people inside the industry are going through right now and how they're coping and dealing with it. Key Discussion Points [01:00] Opening remarks by Eric Odum [04:10] About our guest: Beth Azor [05:02] Give us an overview of your properties [06:05] How are you dealing with your tenants right now? [22:57] Are any of your tenants reacting in a very negative way? [26:35] Why don't think National deals are coming back until 2022? [33:09] How are you dealing with the banks? [45:54] How can folks find you and connect with you? [51:03] Eric's Closing Remarks
Today we talk with Eamon Anderson, director of strategy and underwriting at TheGuarantors agency, about an alternative security deposit solution for commercial businesses that helps both the landlord and the tenant. Their solution is basically an insurance version of the commercial security deposit that protects the tenant and landlord for the term of the lease from potential loss of rent payments. From a landlord's perspective, it's as good if not better than the incumbent's solutions to cover the risk of missed rent or high upfront tenant improvement (TI) cost. They're getting a surety bond that works just like a letter of credit and it's backed by investment grade credit, payable on-demand. And from any of the landlord's lender's perspective, it works just like a letter of credit. From a tenant's perspective it's a lot cheaper option because it's unsecured. All tenants have to do is pay an annual insurance premium, typically an average of 5% of the security deposit per year, and they never have to put up the full amount of the deposit in cash. The tenant can then reinvest the money they're not giving to the landlord.
Congress just recently passed the Federal Coronavirus Relief Bill referred to as the CARES Act. The centerpiece of the CARES Act is the $350 billion Paycheck Protection Program (PPP) which is designed to help small businesses such as real estate investors / agents, landlords, business operators, etc.. continue to make payroll at their staff's current pay rate as well as cover key expenses by offering low interest rate loans with forgiveness potential. Today we talk with Owen LaFave, Pinellas County market president for the Bank of Tampa, about the CARES Act PPP loans including who is eligible, what loan amounts are possible, and whether the loans are forgivable. Just remember that the PPP loans will be distributed on a first-come, first-serve bases, so you should get with your banker as soon as possible since the stimulus funds are limited and will eventually run out. Key Discussion Points [01:01] Opening remarks by Eric Odum [04:00] About our guest: Owen LaFave [08:35] Discussion about Payrol Protection Program (PPP) / CARES Act ($2T stimulus package) [11:08] Discussion about role of SBA / Banks for PPP loans [15:34] Will the PPP loan funds be forgiven? [17:11] Who is eligible to receive PPP loan funds? [18:35] What criteria determines the loan amount a business can get? [20:10] Closing remarks by Owen LaFave [22:24] Eric's Closing Remarks
With the arrival of the Covid-19 pandemic, the last several weeks have taken an unfortunate turn, and this has affected the commercial real estate world as well. For commercial landlords and investors, there are some very real issue you are facing as more and more tenants start facing financial hardships due to their businesses being closed. As a commercial landlord, you need to be prepared to respond when tenants start coming to you with needing financial relief and/or rent reduction. There are programs that can help your tenants (we discuss a few programs on this podcast). You also need to be prepared for the possibly of tenants invoking the "Force Majeure" clause (Act of God clause). Just remember that it will benefit you in the long run if you treat your tenants as human and not just as a lease or cash flow stream. Key Discussion Points [00:58] Opening remarks by Eric Odum [01:56] During this COVID-19 pandemic, landlords should treat people as human and not just as a lease or cash flow stream [05:12] Programs and ways for tenants to get financial help if they are struggling due to the COVID-19 pandemic [06:21] As a landlord, how do you respond when a tenant comes to you needing financial relief or rent reduction [10:00] Be prepared for tenants to invoke the “Force Majeure” clause (Act of God clause) [11:18] Eviction and Abandonment [17:44] Eric's Closing Remarks
On today's podcast we talk with social media expert Christy Murdock Edgar about the importance of content marketing and how it can help generate more leads for your business. Social media enables people to feel like they know you before they actually make contact, and this makes connecting with you even easier. After all, people do business with people - not companies. Christy shares some great tips and discusses the importance of a credible, good looking website as well as the benefits of having a blog, podcast, or video that you release regularly. She also shares the three (3) core content pieces you need to help drive traffic to your business.
On this week's podcast we talk with Michael Mincberg about multifamily and mixed-use development. Michael talks us through everything from what he looks for in multifamily investments to his decision-making process for ground-up deals and the regulations and zoning issues around mixed-use. Michael also tells the story of how how he got started in real estate. He acknowledges that while he is now at the top of his game, it took a lot of hard lessons from tough experiences to get him to where he is today. These experiences helped Michael understand the importance of forming long-term relationships over just "getting the deal."
Today we talked with James A. Schmidt, Esq. about foreign investors and the things they should be aware of when investing in the U.S. and Florida. Foreign buyers need to take special precautions to ensure a smooth investment process. Foreign investors need to learn the market, get good advice, and building a team that consists of : * brokers * property managers * laywers * accountants * and others who can deal with zoning, property inspection, and possibly engineering
It's particularly important for the foreign buyer outside the country to have people local to the area that they can trust who can help them execute whatever goals they have on a particular asset that they are purchasing. Key Discussion Points [05:48] About our guest: James Schmidt [11:54] What are some things foreign investors need to aware of when investing in Florida [14:19] Explanation of FIRPTA (Foreign Investment in Real Property Tax Act) [18:22] When a foreign investor comes to you, what is the process to ensure everything is properly executed and that the transaction and asset is properly managed? [22:07] What are the problems you see with the standard Florida Real Estate contracts? [25:00] Are there any issues that are important to lenders when dealing with foreign investors? [28:59] Discussion about the FAR/BAR contract (Florida Association of Realtors and the Florida Bar Association) [35:00] How can people contact you? [36:15] Closing remarks by Eric and Steven
With the cap rate compression environment that we're in right now, it's more important than ever for multifamily investors to be creative about how they add value in order to increase rents and get a good return on their investment. In this week's podcast, we talk with James Donnelly, Founder and CEO of Castle Group, which focuses on residential property management. James discusses the 3 main strategies he employs to add value to his company's investments and deliver top level services and amenities to a new generation of every more demanding residents. The 3 main categories James uses to add value is: * Traditional value-add - e.g. painting, putting in a new floor, or adding new amenities * Technology - using technology to make you not only more efficient, but also using that as a revenue stream * Better management and service
Join us for this podcast as James gives his investment advice and his take on the multifamily market in Florida.
Key Discussion Points [04:48] About our guest: James Donnelly [06:28] How did you get started in Residential Property Management? [11:29] How did you end up in South Florida? [14:40] Where do you see the multifamily market going? [18:36] What cap rates are you seeing around Florida? [23:27] What are some of the other value-add plays that are emerging right now? [25:33] What common mistakes do you see property managers or others making? [31:09] How can folks contact you? [31:53] Summary of where we are, where we're headed, & what you would tell someone who's calling about a deal in Southease Florida [37:42] Closing remarks by Eric and Steven
In this episode we discuss land trusts with Mac McWhirter, executive director of WorldWide Trustee Services LLC. And we explore the many advantages land trusts have to offer. Some of the main advantages are privacy of ownership (anonymity) and the possible avoidance of a probate. A land trust can also help protect against judgments and liens, facilitate estate planning, prevent land partition, and ease real estate title transfer. And Florida is one of the best states to hold title in a land trust! Mac also discusses some potential disadvantages of land trusts such as the false belief that the trust protects property owners from all liability. The other key thing to realize is that, even though there is anonymity for the property owner, a court can order full disclosure of property owners for certain civil and criminal complaints. Key Discussion Points [07:52] How did you get into land trusts? [08:51] What problems does a land trust solve? [10:26] Does a land trust work like an LLC? [11:49] Can somebody still file a lien against a property owned by a land trust? [16:23] What are some of the downsides to land trusts? [17:28] What are the tax consequences of a land trust? [19:10] If something happens to the land trust owner, how will the property continue to get transacted properly? [20:22] What are the costs for an investor compared to an LLC? [21:47] What are the typical land trust fees? [22:36] What are the typical land trust fees? [23:45] Is Florida a good state to hold title in a land trust? [24:43] Does a land trust have to be a single entity beneficiary or can it be a partnership? [29:01] Closing remarks by Eric and Steven
On today's podcast, we talk with Derek Waltchack about the retail asset class with a focus on strip centers. As Derek shares, there is a lot of misinformation about the retail asset class. Many investors steer clear of retail, especially when retail assets like malls are not doing so well -- but malls are not the real "bread and butter". Despite what you may hear, retail is a very stable asset class, especially when it comes to strip centers in good neighborhoods. Derek also takes us into the new modern world of blockchain, the record-keeping technology behind bitcoin that is used to store digital information in a public database, and which is starting to be used in real estate transactions. Key Discussion Points [06:02] How did you transition from broker to owner? [10:47] What investments are you looking for in Florida? [18:44] Why did you choose Florida / I-4 corridor for retail investments? [25:30] What kind of cap rates are you looking for? [38:42] Where does your debt financing come from? [31:01] From an underwriting standpoint, what are a few important things you look for when someone wants to bring you a deal? [33:43] Tell us about blockchain technology that is starting to be used in real estate [43:00] How can folks contact you? [44:43] Closing remarks by Eric and Steven
In this episode, our guest Daniel Jaramillo gives us his take on the South Florida market. The low caps are making finding deals more difficult, but they are out there. And although prices remain about the same, it is taking longer to make deals. Also, the South Florida market is changing, and suddenly it is making sense to do construction again. Daniel has an interesting perspective since he deals not only with domestic investors, but also with both foreign investors, particularly from South America. Some of his advice for foreign investors (and domestic investors) is to do your due diligence before spending money on investments, especially if you aren't familiar with the area. And, don't make the mistake of thinking you don't need property management just because you are buying condos and think that is less of a risk. Also, when you're first starting out, sometimes the best way to get a deal done is to partner with someone. Key Discussion Points [05:05] How did you get started in real estate? [08:16] Overview of the Miami Market [11:26] For multifamily, what types of cap rates are investors looking for in South Florida [14:54] What mistakes are investors making with regard to property management? [18:17] What are some of the data points you look for that convince you this might be a deal to consider further [23:09] Discussion about syndication and the best way for people to get started with it [35:55] Are the low cap rates creating opportunities for construction? [38:21] Opportunity Zones [42:19] Eric & Steven's concluding remarks
With $14 billion in unpaid property taxes each year in America, tax lien investing is getting more and more attention from investors these days as a lucrative, low risk alternative to the volatility of only investing in the stock market. When property taxes are not paid, counties are not able to fund services such as school teachers, police, and firemen and this in turn disrupts life as we know it. The solution? States have been assigning and transferring these unpaid taxes as liens to private investors which gives local governments an immediate infusion of cash with low risk. Join us for this week's podcast as our guest, Melanie Finnegan, gives us an overview of what tax liens are as well as her investment strategies and things to watch out for when investing in tax liens.
In this week's podcast, Eric Odum and Steven Silverman share their thoughts on the Office Market, specifically the coworking space. The coworking space has grown significantly, and it's going to continue to be the fastest growing sector in the Office Market. WeWork is a disruptor in this space, but recently is having financial issues which could cause some ripples in this arena, but would probably not be catastrophic and will most likely be absorbed. The whole economy in America is changing as we become more of a service economy, and office space will always exist.
Everybody wants to be a syndicator but you really need to understand the back-end of the business before you go out and syndicate (what to do, when to do it, and understanding the systems that you need to have in place). Even if you get the money and the investors -- that is the easier part. The harder part is what comes afterward. Brian discusses the best tried and true strategies to be a successful syndicator, such as asset stacking, having "boots on the ground", understanding how to operate the asset, attracting money, and judging whether an investment is considered a security (SEC).
How to Deal with Real Estate Brokers Eric Odum reveals the key action items to take on how to get a broker’s attention and move to the top of their list. Often-times, when buyers want access and communication with a broker, the broker seems to have a lack of responsiveness. However, from a broker's perspective, he/she is trying to weed out the unqualified buyers so they can work with those investors who they think can transact and close deals. Keep in mind, brokers only get paid when the deal gets done, so they don't want to spend their time working with investors whom they would need to educate or who are not ready or qualified. Here are a just few steps investors can take to prove to the broker they are capable of being one of those people who can transact and close deals:
- Be focused and specific in what type of investment(s) you are looking for
- Show them the deals you've looked at, and why you think it is a good deal or a bad deal (it shows the broker your underwriting process in terms of how you make a decision or don't make a decision)
- Prove you have your financing lined up
Join us for this episode to learn about these and other helpful action items you can take when working with a broker.
Key Discussion Points with Eric Odum [03:53] Introduction to dealing with brokers [05:48] Reasons for a lack of broker responsiveness [08:29] Key action items you should take to end up on the top of the broker's list [21:32] Summary of working with a broker
Jeff Klotz talks about multifamily investing in Florida, specifically in Jacksonville and the I-4 Triangle (Tampa, Orlando, and Jacksonville) and also shares his positive outlook on the real estate market given the recent negative yield curve and tariffs. He also tells his story of how he got started in real estate in high school, and how he kept growing his business to become CEO of The Klotz Group of Companies, which is the current middle market leader in multifamily real estate investments with a portfolio valued at over $1 billion. Discussion topics and questions with our guest, Jeff Klotz [03:14] Introduction of our guest, Jeff Klotz [04:54] How did you get into the real estate business? [05:57] When did you start getting interested in multifamily? [13:25] Tell us about the blind pool real estate funds you launched [22:20] What are some of the challenges of operating a syndication business? [27:02] How are you finding your deals? [29:03] Give us your take on the market from a high level, taking into account the recent inverted yield curve and tariffs [32:24] How is business going for you in Florida, particular Jacksonville? [43:08] What bottle necks, if solved, would help your business grow? [45:58] How can people get in touch with you? [47:06] Eric's concluding remarks Invest Florida Website: https://investfloridashow.com/
Did you know that over 50% of mortgages in the USA are owned by individuals and not banks? Nahir Solis does just that. She started a family operated investment firm that buys real estate mortgage notes at a discount of the current balance due, and then works with investors who are looking to purchase mortgage notes already vetted with due diligence and clear for investing. If you have a self-directed IRA or 401k and have some money sitting around, notes are a good match for this type of investing since you're not paying taxes on the interest. So it works well for an IRA/401k or other types of protected retirement plans. The returns are good and the downside is protected if you do it right. Join us as Nahir shares her story of how she got started in real estate mortgage note investing, and how her investment firm can help other investors looking for solid note investments that yield a higher than average return.
Neal Bawa discusses his analysis of the current global economy including Bloomberg's recent report that $17 trillion dollars worth of world-wide bonds have now gone negative -- which means the bonds' yield has fallen below zero. Having $17 trillion dollars of negative yielding debt has never happened in the history of the world before. So how will this affect the real estate market? Is a recession imminent? You won't want to miss the insightful analysis Neal provides, and his advice for real estate investors.
In this week's episode, we talk with Greg Bond about his take on the Orlando market as well as what he's got going on with his property management business. Greg is still finding great deals by using basic common sense and some good marketing strategies. Some of his strategies include: * Diversifying his portfolio * Leveraging IRAs * Going to outlying areas to get better margins * Renting to retirees
Join us for this episode as Greg shares is experience and insights into the Orlando real estate market.
John Wilson worked in the corporate world for about 20 years before deciding to quite his corporate job and get into multifamily real estate full time. John shares his journey starting from his first multifamily real estate investment to the lessons learned from investing in a 17 unit apartment to what he is investing in now. He also shares advice to others who are looking into taking those first steps into the multifamily market.
Joe Turney had worked for 20 years in computer software which gave him a great income, but very little retirement and wealth. Between 2005-2010 he had several close people pass away including his dad, and it was then he started realizing he was trading his life for dollars. He decided he wasn't going to do that anymore and he wanted out of the corporate rat race, the commuting, and the alarm clocks. Joe wanted a lifestyle with more freedom. He asked several people with that lifestyle what they did and they all said "real estate." He decided to go into real estate and taught himself the ropes by reading, taking online courses, and just doing. Joe's advice is to just get out, take action, and be willing to make mistakes. Join us for this podcast as Joe takes us on his personal journey of his life-style changing path into real estate.
Join us as Rob Walton delves into some quirky parts of Florida law (Adverse Possession and Unlawful Detainer) that could really have an adverse impact on your real estate ownership and real estate investing. Eric shares his own personal story of how he learned about unlawful detainer when he found somebody squatting in his house. In this case, Eric worked with Rob Walton who worked to quickly get the squatter out. Others are not so lucky. And still others find themselves in an adverse possession situation in which another person who has trespassed on their property ends up occupying it and gaining legal ownership of the property (also known as legally stealing the property). Rob Walton can help with these types of cases as well as with Florida land trust planning, landlord/tenet eviction type cases, and he can help with litigation if needed.
Deven Richter identified a problem in marketing commercial real estate and set about to solve it. Sometimes there is a price barrier that is just a little bit too high for people to get involved in commercial real estate. He created a website (myelistings.com) that allows everyone to list and find commercial properties for FREE. To be specific, currently only commercial firms and agents can list commercial properties, but it is open to the public to search and view listings. Another great feature with this commercial real estate listing service is that commercial firms and agents can distribute their listings nationwide. For example, if you're an agent in Austin, TX, but you do a lot of business in Florida, you'll be able to market listings in Florida on this website. Join us for this episode as we explore this free solution to listing commercial real estate.
In the last 4-5 years, there has been an increase in more aggressive loan programs for investors such as no income / no verification loans, rehab loans, and stated income loans. Frank Coto III shares his view of the current lending market and deep dives into the various types of loan programs that can help investors secure their property based on their situation.
Richard Wilson joins us for this podcast to discuss his insights and updates on the family office market. He also addresses how the family office applies to the real estate sandbox, and how real estate syndicators / sponsors can best approach investors. The family office is a wealth management solution for those that are ultra-wealthy. The wealthier you are, the more a 1% or 3% mistake -- selling assets at the wrong time, tax mistakes, regulatory fines, paying too much in fees, etc. -- can add up to a lot of money. You could have paid a full-time team to help prevent those types of mistakes and reduce chaos and stress as well as to help you more effectively use your time.
David Beshears shares some great market perspectives on the four asset classes of commercial real estate, with a focus on the multifamily market. Join us for this episode to learn why David sees a positive outlook for those interested in investing in the multifamily market.
Master leasing has been around for a long time and offers some good benefits for both the investor and the property owner. Join us for this episode as David discusses his experience and the many benefits of master leasing.
Adrian Smude discusses his personal growth in overcoming shyness and limiting beliefs in order to find a successful niche in the mobile home market.
When people do business, they are usually always talking and selling. Frankie Herrera, however, takes the opposite approach. Frankie's strategy is to get in front of the investors and listen in order to understand the problem, and then provide them with a solution that's mutually beneficial.
The Opportunity Zone Program can provide a big financial gain for investors through generous capital gains tax incentives. Since the Opportunity Zone program is so new (late 2017), relatively few investors are familiar with it. Steven Rinaldi, who has his own law firm focusing on business law matters and intellectual property matters, joins us to discuss the details.
Many turn to real estate investing to achieve greater freedom and flexibility in life. However, the desire for freedom often materializes as financial freedom. If you forfeit your happiness for greater financial wealth, you will never gain true life balance.
From new regulations to tried-and-true methods, securities attorney, Kim Lisa Taylor discusses the tools and know-how needed to form successful real estate syndication deals.
Affordable housing has been a long-standing issue for many real estate investors. This episode impact investor, Eddie Lorin, joins us to discuss the strides he has made in the affordable multifamily market.
Florida real estate investors know that mold is prevalent issue. You can leave yourself open to considerable risks if you don't include mold-specific clauses in your commercial real estate leases.
As a property owner or manager, you may be dealing with various contractors and sub-contractors in your day-to-day operations. Making sure you and your asset are protected against unforeseen situations can keep your investment on the right track.
Exclusive use clauses can be a mutual benefit for retail landlords and tenants alike. But an oversight on specific language in your lease could mean trouble down the line. Attorney, Rob Gidel joins us again for another lawfare episode where we discuss the potential pitfalls of exclusive use clauses in your retail lease.
David Childers is a multifamily investor based out of Nashville, TN. This episode, he shares his investment journey and how it brought him to Pensacola. Dave offers lessons over the years and offers up his strategy for finding deals.
This episode, Cameron Gaskill joins us to discuss his outlook on the northeast Florida/Jacksonville single family market and share his strategy for finding deals.
Multifamily is one of Florida's most prevalent asset classes and the I-4 corridor has been seeing explosive growth in multifamily properties over recent years. This episode Costar market economist for Central Florida, Brian Alford shares his outlook on the I-4 corridor multifamily market.
Florida voters have a lot of proposed amendments to consider this year. Amendment 2 could have the most wide-ranging - and potentially devastating - impact on the state as it effects renters and business owners alike. Here's what you need to know about Amendment 2 and why you need to vote YES.
As a property manager or landlord, there's a lot of potential risks you have to deal with. But did you know there could be insurance risks hiding in your lease agreement? Here are three potential insurance pitfalls you need to make sure are addressed in your lease.
When you invest in real estate, either on your own or as part of a syndication, it's important to have an understanding of the analytics behind each deal.
The retail investment landscape is changing and as a landlord or investor, you're wondering what direction it's heading and how you can adapt. As restaurant concepts continue to establish a dominance in many retail centers, you may want to consider how to meet the needs of a changing marketplace.
Whether you're seasonal vacation rental owner or a buy-and-hold commercial investor, effective property management is key to having a well-performing asset. Technology can provide access for main street investors to the same resources as institutional players and offer a competitive edge in the property management game.
With the recent legalization of medical marijuana, Florida is now getting introduced to the burgeoning cannabis industry. But real estate investors and landlords may be unsure of their role and responsibility. From overcoming social stigmas to understanding zoning and licensing, there's a lot that landlords need to know about the retail and medical cannabis industries.
As traditional asset types like multifamily and single family rentals continue to heat up, investors are looking at creative options involving second-tier assets and getting surprising results. This episode we talk about the thriving industry of Florida's self-storage investment market with one of the asset types seasoned pros - Scott Meyers.
Tracking market metrics can make a big difference to your investment strategy. This episode, we talk the importance of developing a data-driven approach to your multifamily investing with Neal Bawa, President and COO of Financial Attunement.
The current real estate market cycle is winding down. While Florida markets are still experiencing growth, many investors are seeing more competition. Our guest, Rick Melero, discusses how he learned to adapt to a dynamic real estate cycle by adopting creative, flexible investing strategies. Tampa conference rooms for rent
From materials tariffs to skilled labor demands, there's a lot of stuff happening in the construction market right now that can affect your next real estate project/development. This episode, we are joined by Frank Rygiel, Vice President & General Manager of Walbridge Construction's Florida division.
Single family investor, John Schaub, discusses the merits of building a long term, single family tenant portfolio to earn cashflow.
As we move into 2018, we look at the current real estate lending forecast. Casey Siggins, of Franklin Street Capital Advisors, joins us this episode to discuss the lending market outlook and your debt and equity options.
Even with focused investment goals, it can be tough to leverage your portfolio and scale your investing on your own. Forming strategic partnerships with other investors and real estate professionals can help you realize your goals more quickly!
Every investor needs to take steps to ensure equitable access to their property. Keeping ADA compliant ensures that everyone has access to your property's facilities and mitigates any potential risk for punitive damage claims.
Author, mentor, investor - Bryan Chavis cut his teeth in the world of multifamily and he's got a lot to show for it. This episode, Bryan talks about how, through education, he has been able to leverage his real estate knowledge into new investment opportunities and find success as a multifamily investor.
Multifamily and rental unit investors love using 1031 Exchanges to leverage short-term tax deferrals into new investments. However, if you're transitioning into single tenant, net lease investments, you need to think about long-term strategies.
Augie Byllott has learned a thing or two since starting on his investment journey over 20 years' ago. One of the first - and hardest - lessons he learned was how to properly manage his single-family rental portfolio. This episode, Augie shares how proper education taught him to manage his investment rentals as a business.
Sometimes, a real estate investor's journey isn't just metaphorical - in the case of our guests this episode, it can be a physical one too! Lucas LeBlanc and Jenna Diermann are two investors whose vision brought them all the way from California to Florida. Starting with DIY single family flips they found an interesting niche through social media and developed actionable strategies to transition from single family to vacation rentals and multifamily.
Investor, author and mentor, Rod Khleif, joins us for a special live event: The new year is a time for new resolutions and for many real estate investors, that means setting investment goals. Like many new year's resolutions, it may seem hard to put investing goals into perspective. That's what makes Rod such a great guest! Rod's wealth of experience and enthusiasm for real estate make him a great resource for investors looking for new paths and opportunities in 2018.
With generational shifts pushing rental markets upward and outward, multifamily investors are thinking about how to continue scaling investments. Our guest this week, Joseph Gozlan talks about the investment potential of secondary markets and shares tips on building successful strategies.
Assisted living facility investor and operator, Kris Chana discusses how this often over-looked asset class can be a great alternative to traditional multifamily investing!
Commercial broker and real estate investor shares her top five creative strategies for filling retail centers.
Brian Bailey is a Senior Technical Expert at the Federal Reserve Bank of Atlanta. A commercial real estate expert, Brian monitors emerging trends in commercial real estate - both on a national scale and within the southeast. This episode Brian shares his outlook on Florida's commercial real estate industry and offers comparisons on a national scale.
This episode, we have Government Affairs Director of the Florida Apartment Association, Courtney Barnard. Courtney joins us each year to provide an annual legislative update affecting residential multifamily investors. This episode she shares the legislative news for 2017 and what investors should expect to see in 2018.
Tyler Sheff, real estate investor and host of popular real estate talk show The Cash Flow Guys, joins us to discuss how buying notes and investing in debt can be a great alternative investment strategy.
Developer, author and speaker, John McNellis, joins us to offer a development outlook for retail and multifamily.
Ken Rosen is a best selling author on real estate and a veteran of the Miami real estate market. Based in Miami, With over 40 years of experience in real estate investing across the US, Ken was a pioneer of condo conversion and now will buy any type of asset class from Multifamily to Office. This episode, Ken shares his market outlook as well as buying strategies that can help you make the right investment decision.
Automation is a rapidly growing tech sector. Things like automated transit are already making their way into U.S. cities. This episode, we look at how automation is changing the way we think about real estate and what urban planners and developers are doing to address these changes.
Architect Alex Rios has worked with multifamily, office and commercial designs. This episode, Alex shares some hot design trends that can add more value to your investment property.
For our next live event, we are discussing the landlord/tenant relationship - covering everything from issues with evictions to fair housing. Meet our guests: Jason Ellison is a real estate attorney specializing in contract preparation and dispute resolution. Josh Diggs is a veteran multifamily investor and property manager. He is well versed in tenant/landlord relationships
The Ruthvens are one of the largest developers and owners of industrial property in Florida's I-4 Corridor. President of The Ruthvens - Greg Ruthven, joins us to discuss why he's bullish on the market's growth.
Steven Rinaldi is a real estate attorney and an expert in real estate syndication, private-placement, and crowdfunding. This episode, he discusses when your investment is defined as a security and what you should expect.
Investor, author, and fellow podcaster, Rod Khleif, talks why he loves investing in multifamily properties to consolidate his property management logistics.
Curious about what's going on in Florida panhandle's real estate market? We were too! This episode, we got veteran investor and Professional Investors Guild founder, Matt Robinson to discuss what makes the area a good investment market.
In a special live panel discussion, we cover different strategies and methods for acquiring real estate funding - from institutional mortgages to private lending. Our panel guests include: Ben Yonge, President - EquityPro; Bob Tosi, VP - EquityPro; Dan Feinman - private lender; Frank Coto, President - Lincoln Lending Group
Dave Farmer is a jack-of-alltrades. An accomplished civil engineer, urban planner and land developer; Dave now lends his skills to population forecasters and growth modelers, Metro Forecast Modeling. He joins us today to discuss how forecast models can help you get a lead on the next hot real estate market.
Sott Maurer, of Advanta IRA and real estate investor, Dave Shaw join us for our first-ever live discussion!. This episode Scott and Dave talk to us about the many ways to invest in real estate using a self-directed IRA.
Mark Holmes is an active single family investor and passive multi family investor. He's also a certified property appraiser with an eye towards the national apartment market. This episode he gives us a current rundown of the national and Florida's multifamily market and what this means for investors.
Veteran and real estate investor, Gregory Radford, shares how he transitioned from the military to single family home investor and how he minimizes tenant risks in his rental properties
Investing mentor and President-elect of the Central Florida Real Estate Investors Association, Todd Hutcheson, shares his lessons learned from getting into single family wholesaling and how to avoid losing control of a closing contract after assigning interest to another party.
Yardi Matrix research and data analysts Chris Nebenzahl and Doug Ressler discuss how investors can use the Yardi Matrix to track rent growth, occupancy and development in Florida's multifamily and other commercial markets.
From interest rates to banking regulations, Livingston Hessam, of Walker & Dunlop, tells us everything investors need to know about the current state of mortgage banking and real estate lending plus what to expect for 2017
Large wetland areas do not necessarily preclude your property from being developed. Here are some ideas on how to best use this land.
Environmental law and mitigation banking experts, Frank Hearne and Beverly Birkitt discuss using mitigation banks to invest in and develop wetlands.
Investor, Pete Kuc, talks about learning the power of passive cashflow investing and offers up a market overview for Jacksonville and NE Florida markets.
We strive to provide our listeners with access to investment insights and advice from the very best in Florida's real estate industry. In an effort to continue offering a top level of topics and guests, we will be moving our schedule from a weekly show to a bi-weekly show.
Every real estate investor has goals, some more realistic than others. Investor and mentor Rod Khleif discusses the psychology of investing and the importance of investment goals in earning actual real estate cashflow.
Strategy is an important part of real estate investing. Investor and mentor, Augie Byllott, discusses the importance of forming a strategy ahead of time and focusing on the acquisition before the returns.
Investor Larry Goins talks about how to invest and earn a cash flow without tenants or rehabs.
Denis Hanks is the Executive Director of the Florida Vacation Rental Managers Association. He talks about vacation properties in Florida and regulatory issues, some that are here today and some for the future.
In this episode of Landlord Tales, Kurt Westfield is able to take a tough assignment...learn some new tricks and find a strategy that would serve him well.
Courtney Barnard is the Government Affairs Director for the Florida Apartment Association. She joins us for an update on rules and regulations both on a State and National level. We try to do these every year with the Courtney. The Florida Apartment Association is the go-to organization for a voice for apartment and multifamily owners.
Today we chat with Todd Hutcheson of ibuyhomes.com and discuss real estate investing with limited cash and how to mitigate risks inherent to the business of buying and selling property.
Andrew Cohan is the Managing Director of Horwath HTL, a resort and hospitality consulting firm. A seasoned hospitality professional with extensive real estate, marketing and account management skills in North America and Latin America, Andrew has consulted for leading branded management companies such as Canyon Ranch, Six Senses, Montage, Solage and Bulgari. In this episode, Andrew discusses investing in branded hotel condos.
Lender and investor Elysia Stobbe talks about changes after election and Agency debt for single family homes.
Reed Goosens is making it happen, but he was not afraid to ask for help when he needed it.
Larry Goins shares with us what still gets him excited in real estate after 30 years in the business and how he is finding deals in a market with rapidly increasing prices.
Kurt is a bright young investor, who started in the business in 2008 flipping Single Family Homes. Today, he ventures in to multifamily syndications.
Reed Goossens is a foreign national who relocated to the US to leave the corporate world behind and begin investing in real estate. He talks to us about his journey and how he learned to use syndication to leverage his business.
In this quick hitting landlord tales, we discuss a tax deferring technique long used by institutional investors but not widely known by individual investors of commercial real estate.
Dan Pepper joins us on the show again to discuss how creating systems and using technology have helped him to increase the value of his properties.
Gavin Welch is an investor, a realtor and a property manager. He shares some of the success he has had in creating systems to minimize the time he has to spend on tenants and repairs.
Phillip Smith, President of Framework Group, multifamily developers and Jason Schaller, Executive with McKinley join us to discuss what changes are happening in apartment design and what tenants are looking for in terms of look, feel and amenities in apartments today.
Adrian Smude is a single family investor. He had trouble telling clients no and they kept pushing for more and more....later rent...better deal...more service. Learn how he created some leverage and distance from tenant pressure.
Jillian Bandes is a veteran of the commercial construction world. She decided to dip her toe in the small single/multifamily market. It is not as easy as it seems, even for an experienced builder. Find out the twists and turns of her story.
Bijan Gorji and his wife have taken a unique route to investing, focusing on residential condos..and asset class typically overlooked by residential investors. Learn how the Gorji's earn 9% CAP Rates in the condo market in Sarasota.
Residential real estate can be as different as night and day from commercial real estate. The laws, rules and potential problem spots can be significantly different. Shawn Yesner is a Florida based real estate attorney. He joins us to talk about things you need to know about buying multifamily, retail or other commercial types of properties.
AnaMaria Palermo and Melissa Meredith talk about using creative methods to filling an apartment building and marketing their properties with social media and multi-tiered top of mind systems. These techniques can be applied to retail and office as well!
John Fedro is mobile home investor. He began investing in Florida and has expanded across the country. Mobile home investing require relatively small amounts of equity to get started and can be an excellent way to get started in the real estate business. Hear John's story!
Maxwell Lee and Kelly Lei are a married couple investing in real estate. Both are professional in non-real estate areas, but decided real estate investment was the path to obtaining financial freedom. They are investors in the Jacksonville market. They join us today to discuss their strategies and cover what is happening in the Jacksonville real estate market.
Gary Beasley talks about his innovative service, which strives to standardize single family investment transactions into an online exchange.
Less than a decade ago, Greg Williams of Cardinal Pointe Management was playing football for the University of Pennsylvania. Today, he controls one of the most consequential integrated real estate firms in the Tampa Bay Area. Hear his story!
Dave Beshears and John Miller of Beshears and Associates drop in to talk about the state of the Multifamily and Self Storage markets in the State of Florida.
Appraiser Tom Blazejack talks about development, multifamily and everything else that is making the Miami real estate market tick.
Jon Moore, AIA is an Owners Representative who assists developers and individuals with their construction and development projects. He talks current affairs of real estate development and market risk points.
Eric Black is a California investor who buys outside of his home State. He has purchased homes in Brevard county and currently owns investments in CA, TX and IN. He talks about how he handles long distance investing.
SVP of Realty Trac, Daren Blomquist talks the Florida real estate market, from Jacksonville and Tampa to Miami, Orlando and Southwest Florida.
Eric Nathanson is an investor and co-founder of Bidologist, a South Florida firm that assists investors in buying properties at the foreclosure auctions. Eric talks the Broward and Plam Beach real estate markets and provides some great advice on bidding with the new online auction system.
Josue Romero and Juan Nunez immigrated to the USA as young children. As young adults, they discovered the real estate game.They now own a successful mortgage company, construction company and fix and flip operation at the ripe old age of 30. This is an inspirational real estate story broken into 2 parts. This first episode covers coming to the US, the hardships they experienced,what they are doing to be successful and what is happening in Cuba in terms of the real estate game. The second part covers their investment strategies in fixing and flipping single family homes in the Tampa Bay area.
Josue Romero and Juan Nunez immigrated to the USA as youngchildren. As young adults, they discovered the real estate game.They now own a successful mortgage company, construction companyand fix and flip operation at the ripe old age of 30. This is aninspirational real estate story broken into 2 parts. This firstepisode covers coming to the US, the hardships they experienced,what they are doing to be successful and what is happening in Cubain terms of the real estate game. The second part covers theirinvestment strategies in fixing and flipping single family homes inthe Tampa Bay area.
You just had a casualty on one of your investment properties. You call your insurance company to file a claim and not long after you get the feeling things are not being handled the way you believe they should be handled after faithfully paying insurance premiums for years or even decades. Don't be surprised that the insurance company stonewalls you and tries to negotiate down the claim, making you feel like you are being left somewhat less than whole.
Private insurance adjuster Ray Altieri, III talks about methods to properly control what you are rightfully owed.
Joellyn Robles, is a Licensed Title Agent with Hillsoborough Title. One mistake on title could cost you tens of thousands of dollars. Joellyn joins us today to talk about 5 areas where she sees the most issues...some will be areas of fraud you might not have considered.
Investor, Family Office Manager, & Educator....Richard Wilson has become a "go-to" sources for real estate investors looking for funding on their deals or partners in their funds. Check out how this little know group of real estate investors engage.
Garrett Kenny migrated to Florida decades ago to buy a home in Orlando. He so liked the area, he packed his bags, moved from Ireland and started in buying and selling Florida Property. Now he controls a large housing construction business catering to the foreign national real estate market. Garrett spends time with us to talk about the Central Florida market...what is working ...what isn't.
Project Manager Jillian Bandes of Bandes Construction talk how to make sure you have your bases covered on building integrity when purchasing multifamily.
Colin Murphy with Torcana.com buys single family homes in Florida from his home in Spain.Find out how he manages the process, finds good deals from his home abroad and makes a great return!
Santosh Govindaraju cut his teeth in the Wall Street debt markets. Learn how he applies his experience to the Florida real estate market.
Elise Batsel, attorney with Phelps Dunbar, talks about commercial leases....some of the most important items landlords should know about commercial leases.
Livingston Hessam talks about the latest Mortgage Bankers Association Meeting and what the outlook is for 2016. There are some big changes coming for agency debt, the banks and CMBS loans you will want to plan around, so you can appropriately plan your year.
Investor George Levey tells about his first adventure in the world of commercial real estate. Useful insight on how to get started.
Business of real estate, Investor and dealer comparison for tax purposes, plus new FIRPTA rules for foreign investors
Bruce Kirsch, Founder of REFM, discusses how to improve your financial modeling on investment decisions.
Jerome discusses how he began in the Florida market and what he sees as good investment opportunities.
Justin Ford is based out of Delray Beach Florida. He talks about being flexible in the Florida coastal markets. He invests in hotels, vacation rentals and multifamily.
Amir Korangy is an Iranian-American publisher and real estate investor. Looking for better info on the NY real estate market, he founded the popular real estate magazine "the Real Deal." Later, because of the ties between NY and So Florida, he expanded coverage to the So Florida market.
Learn what Amir had to say about his own personal investing and the unique ties between South Florida and the Northeastern real estate markets.
Section 121 of the IRS code is known to most home owners as the primary residence exclusion. This provision allows you to sell your home and exclude a limited amount of the capital gains from federal capital gains taxes. In this episode, we talk about one strategy to leverage this rule to expedite acquisition of investment properties.
Jean Francois is a developer of multifamily residential. His experience in residential develop covers multiple asset classes, from condo and apartment to senior living.
It has been almost a decade since the last Fed Funds rate increase. Mark Fleming, Chief Economist for First American discusses what this means for the housing and real estate markets.
Conducting an inspection during the due diligence period of real estate acquisition can be a daunting and nerve wracking experience. Find out the hot spots that buyers should focus on....these are the areas that can cost you the most, if you don't properly inspect.
Jefferson Lilly is a mobile home park investor. He realizes that bringing in funds from multiple investors can help to buy more assets and diversify risk for all involved. Here is his story.
Albert Berriz is a Co-Managing member and CEO of McKinley, an Ann Arbor Michigan-based real estate investment firm. Albert shares with our listeners why Central Florida is important to his overall business strategy and talks about the Florida real estate investment climate.
Karma Senge is a multifamily apartment investor based out of Orlando Florida. His story is one of getting started, getting knocked down and then coming back to fight another day. He is a testament to persistence and hard work make for a successful real estate investor.
Brian Bandell from the South Florida Business Journal joins us to discuss the red hot S Florida market. From development, to transit to rent increases on multifamily....we discuss it here!
You should always consult an attorney when transacting real estate. The risks are high. If an "I" is not dotted or a "T" is not crossed, the consequences can be steep. But, attorneys by nature are extremely risk adverse. And that can put fear in a clients causing them to unnecessarily walk away from solid deals over relatively minor issues. Where is the balance? Atty Rob Gidel joins us to talk about how to communicate with your attorney and walk through deals to the most logical and sound business decision.
Ken McElroy wrote the book on real estate investing....literally. Or...should we say books? Ken is the author of the best selling books The ABC's of Real Estate Investing, The Advanced Guide to Real Estate Investing and The ABC's of Property Management. He is also a contributor for The Real Book of Real Estate. The idea behind Ken's fourth book, The Sleeping Giant, is to help inspire people to believe that they can be part of solving the world's economic problems by creating business - which in turn create financial freedom, job growth and reduces the reliance on other sources.
Ken is also an adviser to Robert Kiyosaki, author of Rich Dad Poor Dad. He owns over 10,000 doors of multifamily properties in States across the US.
John Guitar, SVP of Business Development, for All Aboard Florida discusses the impact of passenger rail on the Southern Part of Florida and the real estate and infrastructure project that accompany it.
Joe Fairless, is an investor and fellow podcaster. He is the host of the Best Real Estate Investing Advice Ever, but he has been an investor for much longer. Joe joins the Invest Florida show to explain how he went from buying single family investments to multifamily investments and what creative things he did to on the equity side to reach his goals.
Naim Hamdar & Keyur Patel from Synergistic Funding LLC talk to the Invest Florida team about CMBS, Bridge loans and a line of credit for residential rehabbers and flippers.
SW Florida real estate attorney Kevin Jursinski joins the show to discuss frequently asked points on the Dodd Frank laws and how the rules affect the individual real estate investor and lender.
Handling residential properties and tenants can be tricky. Listen to how one professional apartment investor and manager deals with 10 important issues. Property Management can be a tricky task!
Mike Conlon is a trained lawyer and entrepreneur. He got his start in financial services, selling that business and parlaying it in to a successful real estate business. He has invested in single family and multifamily properties. His focus, currently, is on mobile home parks around the Southeastern part of the USA. In this episode, he will talk about how he got in to the mobile home park business and how investors can make a $100k per year off of a 100 unit park.
Steven McCraney is the President & CEO of McCraney Property Company, one of the most active developers for industrial property in the State of Florida. Steven is based out of West Palm Beach, but is increasingly turning his attention to the i4 Corridor between Tampa and Orlando. Find out why Steven is bullish on the area and what makes him a successful developer.
Brian Burke is the Co-Founder and Managing Director, Praxis Capital, a leading real estate private equity investment firm. He manages a portfolio of single family and multifamily properties around the country. He is a regular guest on real estate shows, such as FOX News' "The Best of Investing."
Brian will share his experience in raising money in the Family Office Market.
Show notes and complete podcast
Dr Carl Hudson is the Director of the Center for Real Estate Analytics at the Federal Reserve Bank of Atlanta. The Center informs decision making by identifying and analyzing the systemic impacts real estate has on the economy, financial institutions and consumers. Dr Hudson joins us to talk about the Florida markets...what are the hot spots? Where are we from a historic perspective, in terms of asset pricing and market absorption.
Complete notes and podcast - Click here!
Steve Berges literally wrote the book on apartment investing. "The Complete Guide to Buying and Selling Apartment Buildings" and the "Complete Guide to Real Estate for Investment Properties" were both penned by Steve and he has spent his career buying and overseeing multifamily assets. Steve talks about his experience in hiring property managers, managing his managers and proving a few tricks of the trade.
Text and notes on Steve Berges' Podcast "Tips on Selecting a Property Manager."
Florida Apartment Association, Government Affairs Director, Courtney Barnard, joins the Invest Florida Show to talk current regulatory matters. She covers the 4 items important to all apartment owners in the State of Florida...proposed changes to the laws and court decisions that could send ripples through the apartment landlord community.
Reis is one of the nation's most trusted providers of commercial real estate market data, research and analytics. Reis covers 275 metros and 6,800 market segments across Apartment, Office, Retail, Industrial and Self Storage.
Senior Economist and Director of Research at Reis Ryan Severino joins Eric and Steven as guest to talk about the Florida market...what's hot...what's not.
Florida Real Estate Market Forecast
Hoyt Prindle of the Florida Business Development Corporation talks about Small Business Administration loans for investment real estate. Most real estate investors overlook this type of financing, because, frankly, it is not qualifying use of debt...BUT, the financing source can be excellent for mini-warehouses, hotels, golf courses...OR, the professional or retail user who decides to have some attached rental space on the current space in which they own and run their business/practice. The terms can make a deal VERY attractive. Listen to Hoyt who tells us what programs work best.
Greg Bugay has given up his corporate gig to manage start and manage his vacation rental business. Our interview covers:
- How he started
- What does he expect to earn per unit
- What is it like dealing with AirBnB
- Why vacation rentals are a solid strategy for real estate investment.
- What is life like for an Vacation rental owner
Greg runs a Meetup group for vacation rental hosts. Please email Greg for information on how to join. Their first meeting is Aug 15, 2015
Things You Should KNow About Growing a Vacation Rental Business
Barney Killinger was a in a near fatal accident. Laying in a hospital bed, he still managed to transact 40 wholesale deal in 6 weeks. He is a story of inspiration for all those trying to buy and sell investment property.
His primary business, Pro Auctions Services, consolidates foreclosure auction information across Central Florida.
Learn how Barney makes deals happen!
Professional real estate journalist June Fletcher talks about the market in Naples. What is the outlook? Which area are hot? What areas are not? Is there still value in the market are is the the market becoming overheated?
Naples Real Estate Talk
Jason Hartman has been involved in several thousand real estate transaction and has owned properties in 11 states. He favors residential single family and multi-family over other asset types, but believes real estate is the primary method of building wealth. Besides being an advocate and instructor for financial literacy, Jason is a dynamic investor with a unique way of looking at how to start and build your portfolio.
Getting the attention of potential sellers is challenging. Consistency and persistency is important. You must have a schedule to try multiple ways to present your interest to the other party. Mike Quarles, President of Yellowletters.com talks about the keys to success in marketing for real estate and property management opportunities ....helping you find more and better deals.
Wesley Burdette is a high energy, passionate single family investor turned developer. He started out flipping single family homes and then decided to start building a portfolio for buy and hold. He still had an itch that needed to be scratched and he saw opportunity in a transitioning urban neighborhood for apartment development. Find out what he did to make the project a success!
Listen to entire show on Wesley and his apartment development The Warehouse in Seminole Heights.
If you are a residential landlord of either single family of multifamily, this is show you will want to hear. Long-time Florida landlord attorney John McMillan discusses how to stay in line with Fair Housing laws as well as the process of evictions. Do's and Dont's
Daren Blomquist from Realty Trac talks about the Florida market. He talks foreclosures, best markets to flip, where the inventory is building and what is the outlook for the Florida market.
If you want to know where the hot markets are in Florida, this is the show you won't want to miss!
Hot Florida Real Estate Markets
Chris Coleman of the Coleman Insurance Agency discusses the recent changes in Flood insurance. Chris is a repeat guest on the show. As of April 1, flood insurance policy holders could see premiums between 15 and 18% higher and up to 25% if it is not their primary residence. Investors are once AGAIN being forced to amend their budgets for the increases.
More Flood Insurance Changes You Should Know About!
The Invest Florida Show is all about education. This week, we want you to educate us. Please let us know what part of the show works for you and what type of guests would be meaningful to you in growing your real estate business!
Gavin Welch is a real estate investor, an agent and an educator. He comes from a real estate family and over the years has developed some systems to find deals that are not listed. Less competition for a deal means better opportunities for making profit. Listen to hear how he does it!
Collaborative attorney Joryn Jenkins discusses methods for investors to mitigate costs of divorce. Real estate investors are particularly vulnerable because of the illiquid nature of the asset.
Kevin Bupp got his start investing in single family homes in Pennsylvania. Looking for a form of investing he could scale, he ventured in to Mobile Home Park investing. Kevin considers himself a long term investor and has found park investing to be a solid method of building cash flow.
Find out a few points on what to look for and why Kevin likes mobile home parks over other residential asset classes.
Mobile Home Investing
Joel Block of Bullseye Capital and founder of the National Association of Syndicators joins the Invest Florida Show for the 2nd of 2 part series. Big changes have occurred in Crowdfunding. In the last week of March 2015, the SEC announced the new set of rules implementing Title IV of the JOBS Act. These changes affect Regulation A small public offerings, and are referred to as "Reg A+" Joel is with us to tell us what this means.
We had a chance to talk with Jason Ansel, attorney with Altro Levy in Toronto and Nick Podetz, Manager of Cross Border Banking with TD Bank, to discuss how Canadians can acquire real estate in the US.
We cover:
- How to acquire a mortgage;
- What markets in Florida are hot;
- What phases are the asset classes;
- What are the factors you should consider from a tax standpoint;
- Best practices for titling real estate
For our Canadian listeners, this is one show you will not want to miss!
You are a successful real estate investor. You have purchased multiple properties over your investing career, but want to acquire larger assets. How do you acquire the funds? What is the process? What are the rules?
Joel G. Block is CEO of the Bullseye Capital Real Property Opportunity Fund, LLC and founder of the National Association of Syndicators. Joel is a professional investor who has been a principal in dozens of real estate syndications. Syndicating real estate is the method investment firms use to pool larger sums of capital to acquire larger assets.
Listen to the basics from Joel Block.
Dan Feinman started out investing in single family homes in the worst market of a lifetime. But, the downturn didn't hurt him. It made him stronger and gave him the courage to try out new opportunities.
John Galane from Mountain West IRA discusses how to hold real estate inside of your retirement accounts. Those looking for cash flow and greater control of their retirement assets might consider self-directed plans.
Mike Buice at L&M Insurance discusses how to avoid gaps in coverage on your investment properties. Insurance for investment real estate varies from insuring your personal residence.
1031 exchanges allow investors to sell their properties and defer the taxes on capital gains by purchasing another property. The genesis of this rule goes back to the agrarian US society, in which Congress did not want farmers making decisions to delay acquiring more or better property because they did not have the cash to pay the capital gains. It later became the standard for most business assets (Trains, Planes and Manufacturing Equipment, for example). The Government WANTS people to invest more, because with further investment comes more opportunity for tax revenues.
Unfortunately, with the current budget crisis and Congress looking to raise additional funds to reduce the deficit, Section 1031 exchanges have come under fire. But, the changes will not come without broad economic consequences.
Michael Brady, Corporate Counsel for Riverside 1031 discusses proposed changes in the law as well as the basics in how to transact a 1031 exchange.
Larry Feldman is a career real estate investor from a family of real estate investors and developers. Originally from New York, he has owned off and on in various Florida markets over the years. Recently, he made a big move in to the Tampa market, acquiring two large signature properties in Tampa and St Petersburg. Find out how Larry does it....What he likes about investing in the Florida markets and his unique value proposition that makes his business model work.
Investing in real estate can be a terrific method of accumulating wealth. But, where do you start? What asset class is best for you? To whom or where can you turn to put you on the path to success? In this episode, we discuss some tools you might use to put you on the path to getting started in real estate investment.
Christopher Urso began his investing career at 21 years old with the acquisition of his first investment property in Paterson, NJ. His real estate investment company, URS Capital Partners, now controls over $50,000,000 of multifamily assets throughout the Midwest and Southeast United States.
In addition to actively managing URS Capital Partners, Christopher is passionate about helping individual investors achieve their personal goals through apartment investing.
Christopher has been invited to speak on stages nationwide and he has been featured in Co-Star, Yahoo Finance and Personal Real Estate Investor Magazine. Chris discusses the power of multifamily investing.
Tim Becker discusses the Jacksonville real estate market. What it does well….areas it needs to improve. The topic of making the city friendly to young professionals is covered extensively. This is the 4th of 4 in our series with Tim, the Director of the Bergstrom Center for Real Estate at the University of Florida.
Michael Becker is a career lender, first for a large national bank and later with Old Capital Lending in Texas. Michael used his experience as a banker to acquire over 1600 units in less than 18 months with superior agency debt. Michael talks about the advantage of agency mortgages, how to acquire agency debt and also so some tricks of the trade in purchasing a shocking number of complexes in a surprisingly short time..how to manage the properties...how to find the deals. Multifamily Real Estate Investing.
The Tampa Market marches to the beat of its own drum. While the beach communities follow the State’s tourist market, Hillsborough and Polk Counties have a solid industrial and transit base.. Tampa International Airport is the largest in the area and Ports Manatee and Tampa are significant players in the bulk and container maritime markets. Tampa, however, was slow to emerge from the real estate downturn and has had a history of surges followed by uneven growth. Tim Becker, Director of the Bergstrom Center at the University of Florida, talks about the economic base in Tampa and what the future holds for the Tampa market for 2015 and beyond.
Tim Becker, Director, Bergstrom Center for Real Estate Studies, is our special guest for this third of a four part series of the State of Florida’s major real estate markets, in preparation for the Center’s Trends and Strategies Conference February 26-27 in Orlando, Fl.
If you are an active or aspiring real estate investor in the Florida markets, you will definitely want to catch all four parts of the series.
Commercial Property Management
Tony Muniz is one of Tampa’s most successful real estate investors. At the ripe old age of 18, he bought his first house, not long after buying his first car. Tony has owned hundreds of millions of dollars of real estate over the years and currently owns a large portfolio of single family homes and retail centers. If you are interested in what makes a successful real estate entrepreneur tick, you will not want to miss this interview. Tony manages to balance personal family life and business, as well as giving back to the community, serving as the Chairman of the Tampa Sports Authority.
Tim Becker, Director of the Bergstrom Center for Real Estate Studies at the University of Florida talks Orlando in the 2nd of 4 part series, covering the major real estate markets in the State of Florida. In anticipation of the Bergstrom Center’s Trends and Strategies conference February 26-27 in Orlando. Real Estate Investing in Orlando
Tony Montanez was stuck in the daily grind of his carpentry and handyman business, but he dreamed of taking control of his professional life and longed for financial freedom. He saw real estate ownership as the potential solution. The problem, however, was the downturn in the market had hurt his credit and it was challenging for him to acquire the debt necessary to make ownership of real estate in critical mass a realistic possibility. But, Tony did not let his dream die quietly. Armed with the skills he had learned as a tradesman and the willingness to network whenever and wherever, Tony set the wheels in motion.
Listen to how Tony overcame his personal obstacles to put him on the path to realizing his goals and dreams.
The Miami real estate market is one of the most resilient markets in the world and certainly the strongest market in the State of Florida. It was left for dead after the 2008 market downturn and even optimistic projects estimated it would take at least a decade to rebound. Fast forward to 2015 and the Miami market is seeing eye-popping growth, not only in construction starts, but also a rebound in prices.
Tim Becker, Director, Bergstrom Center for Real Estate Studies, is our special guest for this first of a four part series of the State of Florida’s major real estate markets, in preparation for the Center’s Trends and Strategies Conference February 26-27 in Orlando, Fl.
In this part of the series Tim gives a brief overview of what is moving and shaking in Miami and some areas of potential concern. If you are an active or aspiring real estate investor in the Florida markets, you will definitely want to catch all four parts of the series.
Todd Jones is an MAI appraiser and President of the Florida Association of Property Tax Professionals. He helps guide us through the sometimes mysterious ways of how property assessors determine value of your real estate and subsequently, the taxes you pay. Florida is not an income tax state, so property taxes are critical to funding the operations of local government. It also means, property tax bills are more than likely the single biggest expense a tenant or real estate investor will face on an annual base. It is not as hard to challenge your assessment as many seem to think. Todd explains how AND gives a bonus discussion on what he believes is the hottest market to invest in the State.
Check out the complete site on Florida investment property discussion!
The recent changes to insurance rules sent the Florida real estate market into a tizzy. As soon as the Biggart-Waters laws were passed, there was a public outcry about the changes. Florida was hit harder than most states in terms of insurance rate increases and the law threw ice water on a market that was just starting to emerge from one of the worst downturns in history. But, seemingly, as soon as the law was passed, it went away...or did it? Chris Coleman of the Coleman Insurance Agency in Dunedin, Florida join us to discuss how the law will affect the market and what investors can expect for the future. This is a show you will not want to miss as making a mistake on calculating flood insurance for the future could prove to hazardous to your bottomline on your real estate investments.
Darren Wilson was an accidental investor. He did not start out to be a serious investor in single family properties, but once he got the taste of it, he didn’t look back. In the early part of his career, he was in the technology business, but now is an investor full time for himself and Kennedy Investments. Now Darren owns and controls not only single family homes, but also a large office complex, which he purchased as a value added investment. They are completely upgrading the property known as Lincoln Gardens on Waters Avenue in Tampa.. Learn how he leverages other revenue streams to move in to owning over 40 properties.
Sale-Leasebacks can be a win-win situation for Investors and Sellers. Find out the basics from what type of sellers should consider and what can investors expect and look out for when taking advantage of these opportunities.
Dan Pepper is a young guy with a lot of experience. He is a value added real estate investor. While he has invested in many different asset classes, his focus is on multifamily dwellings. He is going to share with us his 5 biggest pitfalls of conducting reviews of investment properties.
Host Steven Silverman talks about the most common mistakes investors make that prevents them from maximizing the price for which they can sell their investment property.
Renowned environmental attorney, Frank Hearne, of the law firm of Mechanik, Nuccio, Hearne & Wester brings his decades of experience to the Invest Florida Show to discuss the most common mistakes he sees investors make in dealing with environmental issues. There will also be some nuggets on how you can recognize value in buying real estate with environmental issues.
Hosts Steven Silverman and Eric Odum discuss the differences in listing services in commercial real estate. #Loopnet #MLS #Catalyst #Costar
After a short introduction to the program, Host Eric Odum welcomes Mike Walker, of the Real Estate Negotiation Institute to talk about the top 5 things everyone should know to be successful in negotiating a real estate deal. Mike is a Senior Instructor at the Institute and brings over a decade of deal making experience to the table.