Episodes

An often overlooked, but critical piece of the equation in underwriting multifamily Real Estate, is insurance. When not handled appropriately, it can cost operators and investors millions. In the last 20 years, between natural disasters and an increasing litigious environment, the process of insuring a property has gotten more complex and requires more expertise. Robert Band, Vice President of Commercial Insurance and Real Estate Risk Specialist at Assured Partners, helps multifamily operators ...

When it comes to Real Estate investing, you can be a borrower or you can be a lender. When you’re the lender, you get monthly payments without having to actually manage the property and you can generate disproportionate returns. Fred Moskowitz, Fund Manager and Investor, quit his job in 2015 to become a full-time note investor and has turned it into a great business. Fred is an Alternative Investment Expert and also the Author of The Little Green Book of Note Investing. Learn more at https...

Weddings are a huge industry and a lucrative niche for the hospitality business. Wedding parties routinely pay upwards of $50,000 and even more for a venue plus guests spend a lot more on eating, drinking, and shopping while on premise. Accountable Equity buys distressed historical hospitality properties and repositions them into premier wedding destinations. Josh McCallen, Co-founder of Accountable Equity, has created an amazing culture of customer service that is resulting in incredible ret...

Multifamily, Self-Storage, Mobile Home Parks, industrial and retail generally produce 4%-10% returns on your money the first couple years of a project. Short Term Rentals, on the other hand, can generate 25% or even more on your money right out of the gate. Dr. Rachel Gainsbrugh, Founder of Short-Term Gems, is getting these returns in houses across four select markets. Learn more at https://www.streetsmartsuccess.com

In the world of Real Estate investing, it takes a lot of skill sets to make a deal run smoothly. From acquisitions and underwriting, to operations, Investor Relations and even marketing, a lot of roles are required. Ruth Hiller, Multifamily Syndicator at YESMF, has recently gotten involved with a mentorship program, met several other quality operators, and is now acquiring C+ and B class Multifamily properties 60 units and above. Learn more at https://www.streetsmartsuccess.com

When it comes to putting larger real estate deals together, a lot of different roles are necessary. One of the most important roles is raising money and dealing with investors. As operators are scaling their businesses, they may need to bring in co-GP’s (General Partners) to raise money. Andrew Schutsky, Founder of Redline Equity, partners with other operators to find the right deals, help with due diligence, and bring capital raising and Investor Relations expertise to the table. Learn more a...

There are great values in the Heartland, although it’s being discovered by big out-of-town money. Darin Garman, Owner at Heartland Real Estate Companies, has been investing in apartment buildings in Iowa over the past 15 years and has done very well. He believes in low leverage and low risk. Darin borrows at 60% LTV and is underwriting expenses to grow at a rate of 2 to 3x higher than income growth as a result of high inflation of labor and material costs. Learn more at https://www.streets...

Class C apartment buildings can have amazing upside, but buyer beware when it comes to operating them. The tenants can be incredibly difficult and expenses tend to be a lot higher than what you underwrite. John Cohen, Founder and Owner of Toro Real Estate Partners and JC Property Group, started with C Class deals no one else would touch and is moving up the food chain to newer properties built in the 2000’s or later. John is also buying land to subdivide or develop and also Mobile Home Parks....

There are many people buying raw land and flipping it, but there can be even more profit when you buy the land, entitle it for another use, and then reselll it. There are a lot on infill properties to add incredible value to by entitling it for another use and then selling to a developer. Mike Marshall, Owner of Tolosa Property Group, was a city planner who learned the ropes of the entitlement process and is now helping others with the process and creating partnerships with other investors. ...

In today’s market with an enormous amount of capital chasing few deals, it’s harder to find a great deal than ever before. Yet you can still get a great return on industrial properties if you knock on owner’s doors. Single tenant properties or properties with just a couple tenants are easy to operate with a limited amount of management required. Darren Smith, successful Real Estate investor, is acquiring industrial properties and growing his portfolio in South-Central and South-Eastern Pennsylv...

Multi-tenant industrial real estate provides a broad tenant base that creates revenue diversification and limits risk. There’s also very little tenant improvement costs, relatively short turnover time, and cap rates that are still more attractive than many other asset classes. Kim Hopkins, Principal at Iron Peak Properties, has acquired 15 industrial properties and 350,000 sq feet since 2014, mostly through Loopnet. Learn more at https://www.streetsmartsuccess.com

The cliché of the retail apocalypse is overstated. Retail is far from dead and thriving in the right locations. More than many other asset classes, there are operational inefficiencies in leasing and management that represent greater opportunities to add value. As a result, shopping centers can generate cap rates north of 10% for operators and investors not long after acquisition. Phil Block, Founding Partner of LBX Investments, has hit major home runs over the last few years by adding value in...

A lot of multifamily investors talk about economies of scale one you get to 100+ units, but there’s a lot of money being made in buildings with fewer units. For example, there are many operators who are making great returns on buildings 50-100 units where there’s less competition to acquire them and the cap rates are generally higher. Sterling Chapman, President and Managing Director of Crestworth Capital, has acquired some great value-add properties in the 50-100 unit range in the Southeast....

It’s hard to find the right buy properties to buy these days but if you’re willing to do the heaving lifting with distressed assets, you can still find Class C properties for $45,000-$65,000 door with a lot of rental upside. You just need to be prepared to roll your sleeves up to deal with challenging tenants and properties. Tate Siemer, CEO/Managing Partner of GreenLight Equity Group, had acquired over 500 C Class units in Oklahoma City and Columbus and is planning to get to 1000 units by the ...

Although it’s getting increasingly difficult to get attractive returns in today’s investing world, it’s still possible to do incredibly well with Short-term Rentals. With Short-term Rentals you can also automate much of the process so you won’t have to spend more than an hour per week managing your property. Daniel Rusteen, Author of Optimize YOUR Airbnb, is the world’s preeminent authority on marketing and managing your property on Airbnb. Learn more at https://www.streetsmartsuccess.com

There are many things to consider when determining which property to buy. If you could predict future appreciation and also know downside risks, you’d be well ahead of the game of maximizing profits and avoiding devastating downturns. Stefan Tsvetkov, Financial Engineer turned Multifamily Investor and Founder at RealtyQuant, has developed solutions that predict appreciation and also downside risks for apartment syndicators and investors. Tim Vest, Founder of Harvest Properties Group Learn ...

Online research tells you a lot, but nothing equals the value of spending time in a neighborhood. Being on the ground gives you a sense of what the reality is block-to-block that a computer just can’t. Tim Vest, Founder of Harvest Properties Group, has confined his searches in the Multifamily space to a four-hour radius of where he lives and grew up in Charlotte, NC. This hyper-focus reduces risk of the unknown for Tim and his investors. Learn more at https://www.streetsmartsuccess.com

One of the greatest risks to multifamily investing is financing. Many of today’s newer operators are using heavily leveraged bridge debt to finance deals. If things don’t go according to plan, they can get stuck unable to get extensions or refinance after an initial three-year term. When this happens, sponsors can lose their property. Brian Burke, CEO of Praxis Capital, has been in multifamily for over 30 years and shares his experience and wisdom on financing and many other aspects of multifam...

Real Estate investing is a team sport. You need people to find the deals, raise money, structure the financing, fund risk capital, guarantee the loans, and more. Joel Fine of Lakeline Properties has been a limited partner in over 30 deals and is also a General Partner in several deals where he plays critical roles in the acquisition phase of multifamily. Joel is also involved in land and ground up development deals. Learn more at https://www.streetsmartsuccess.com

In today’s Real Estate investing world, you will most likely generate from 4%-10% on your money in the first year of an investment depending on the asset. Short Term Rentals, however, are an exception where you can generate 25% on your money. Mike Sjogren, CEO of Occupied LLC, is routinely getting these returns on his Short-Term Rental investments. Mike also has his own Master Mind group where he teaches others how to be successful in the Short-Term Rental business. Learn more at https://www.s...

Buying real estate requires a lot of money, but you can buy parcels of land in growing areas for less than $500. There are millions of acres of land that you can buy for any reasonable offer as a result of tax liens, inheritances, or any number of reasons. Mike Deaton, Co-Founder and President of Deaton Equity Partners, has been buying and selling land for the past five years and parlaying his earnings into cash flowing multifamily assets. Learn more at https://www.streetsmartsuccess.com

In the last couple years, recreational land has become incredibly popular and seen major appreciation. Land has gotten the attention of both bigger investors and also individuals in larger metros who are buying acreage they can use for hunting and second homes. Land also has numerous ways of producing income. Jake Hofer, Real Estate broker at LandProz, works in Peoria, Ill and helps mostly suburban Chicagoans acquire recreational land. Learn more at https://www.streetsmartsuccess.com

Hiring the right sponsor is like hiring a CEO of a company. Everything rides on the decision and very few people are actually qualified to do the job. Dovid Preil, Principal of YDLP Investments Group, has a formal process that helps him find the right sponsors with the right deals to mitigate risk and maximize returns. Some of his recent deals have generated over 40% returns for his pool of investors. Learn more at https://www.streetsmartsuccess.com

Location, location, location. The ultimate Real Estate cliché, but it stands the test of time. That’s why it’s a huge advantage to have boots on the ground in a market you’re investing in. It’s an enormous benefit if someone knows a market block-to-block. First-hand knowledge of a market reduces risk. Keith Meyer, a Principal of Symphony Capital Group, identifies local operators in select markets and co-GP’s with them to create highly effective operating teams and reduce operational risk. ...