Episodes

In the world of operating property, experience trumps all else. There’s just no substitute for someone who’s been operating apartments for almost 25 years, not to mention transparency in how they deal with investors. Today’s guest, Ken Gee, Founder and Managing Partner of KRI Partners, has invested in Florida over the past decade to capitalize on the huge growth of Florida’s employment and population growth. Learn more at https://www.streetsmartsuccess.com

In this era of inflation, hard assets are a way to prevent falling behind. That’s where Real Estate comes into play. Multifamily, in particular, is a great inflation hedge because you can raise rents every year, except in cities with rent control. Today’s guest, Tracy Hubbard, Managing Partner of Hubbard Capital Group, had been in the financial world for many years before identifying Multifamily as a way to generate aggressive returns with a built in hedge against inflation. Learn more at http...

Although institutional money is chasing multifamily in most markets in the country and paying unprecedented low cap rates, there are still viable, smaller markets you can buy properties for $30,000-$40,000/door in good neighborhoods. Todays’ guest, Seth Teagle, Partner and Director of Operations of The Stream Group, has bought several bigger multifamily properties in the Midwest with great cash flow. Learn more at https://www.streetsmartsuccess.com

Good Multifamily deals are getting harder to find as operators are lowering their expectations and willing to overpay for properties. They’re offering higher prices and justifying them because of lower interest rates and the anticipation of continued inflation of rents. Today’s guest, Sterling White, CEO of Sonder Investment Group, is being more selective and patient in his approach to finding the right deals that can cash flow 8-11% and generate mid to higher teen IRR’s. Learn more at https:/...

In the world of multifamily, things change from block-to-block. That’s why hyperfocus on not just a market, but a neighborhood, can generate risk-adjusted ,outsized returns over time. Simply put, all Real Estate is local. Today’s guest, Anthony Vicino, Co-Founder of Invictus Capital, is building an impressive portfolio of properties in the Twin Cities in great infill locations that he’s vertically managing. Learn more at https://www.streetsmartsuccess.com

In the 100+ Multifamily universe, it’s become increasingly difficult to find value regardless of market or asset class. There’s just too much money chasing too few deals. With smaller buildings, however, there’s less competition and way more opportunity for creativity and value-add solutions that generate more attractive returns. Today’s guest, Chris Grenzig, Owner of JAG communities in Jacksonville, Florida, is buying smaller buildings with great returns and plans to gradually scale to large...

When unprecedented amounts of money are chasing so few assets, the result is inflated asset prices like never before. As a result, ground up construction can be a better way to get decent returns. Today’s guest, Jake Harris, Founder and Managing Partner of Harris Bay, looks for unique infill development opportunities in secondary or tertiary markets with the right fundamentals. Jake focuses more on the market versus the asset class in determining which opportunities to pursue. Learn more at ht...

Successful investing requires planning for economic downturns. When the economy takes a hit, more people go to college to prepare for careers. That’s why student housing is a recession proof asset class. Current occupancy levels for student housing in the country’s top university towns is well over 95%. Today’s guest, Fred Pierce, President and CEO of Pierce Education Properties, is one of the country’s top student housing operators with over 30,000 beds. He’s acquiring more in popular college ...

When you have a reduction in supply, an increase in demand, and the most affordable housing option, you have an incredibly durable asset class. Ma and Pa operators all over the country are selling their parks as they reach retirement age. Since 3rd party management hardly exists in Mobile Home Parks, there’s lots of great Value-Add deals to be had. Today’s guest, Mario Dattilo, Co-Founder of Real Estate Acquisitions USA, is acquiring an impressive portfolio of Mobile Home parks in Florida and...

Over 25 years ago, you had to send your loved one to a nursing home if they could no longer care for themselves. Today, you can send them to an Assisted Living facility with a much more current approach to lower-level care. This area of housing area has continued to face increased demand. The population is aging and more seniors need assistance with day-to-day functions they can no longer perform at home. Today’s guest, Justin Burke, is building a portfolio of Assisted Living facilities in the ...

Knowing when to buy can make all the difference between average and incredible returns. In today’s world there’s distress in office, retail and hotels. Today’s guest, Nate Barger, started out flipping homes and apartments but has slowed down adding multifamily to his portfolio and is pivoting instead to value-add hotels with great upside potential as the market for hospitality rebounds. His website is https://www.natebarger.com/ Learn more at https://www.streetsmartsuccess.com

Not all retail is the same. Many mid-market, grocery-anchored centers are doing very well and other tenants are benefitting from the traffic. Among other e-commerce resistant tenants, Health Care providers are starting to lease space in neighborhood centers. Today’s guest, Scott Tiano, Founder of JS Western, and more recently, Portal Investment Management, is implementing highly successful value-add strategies in mid-market retail centers in the Western U.S. Learn more at https://www.streetsma...

With C class properties selling for cap rates equivalent to B and A class properties, a number of operators are exchanging into A class. These properties are easier to hold for the long-term because they don’t have the same looming cap-ex to deal with over the next several years. Today’s guest, Keith Wasserman, Co-Founder of Gelt Inc. in Southern California, started out with heavier value-add projects in Bakersfield, then Phoenix, plus other Western markets. More recently, he’s been trading up ...

10,000 people are turning 75 every day in this country. There are currently more people in their 70’s 80’ and 90’s than ever before. The demand for Assisted Living is just at the tip of the iceberg and operators are poised to do well if they can serve this population responsibly. Today’s guest, Joe Pohlen, Principal of Cardinal Senior Management, is having great success buying underperforming assets and repositioning them by treating residents and employees the way they should be treated. ...

Few asset classes have both increased consumer demand and not only limited, but reduced supply. That’s what makes Mobile Home Parks such a great investment. Mobile Home Parks are also the ultimate in affordable housing and a great hedge against economic downturns. The category also remains highly fractured so the opportunities for acquisition continue to abound. Today’s guest, Jefferson Lilly, Founder of Park Avenue Partners, has been buying Mobile Home Parks since 2007 and has generated grea...

Out of favor asset classes can yield great investor returns, especially when they’re growing in occupancy and are in limited supply. Flex industrial used to be underneath the radar until a decade ago. Avistone LLC has specialized in this asset class since 2012 but is now pivoting to hospitality. Today’s guest, Richard Kent, President of Avistone, talks about why flex industrial made so much sense ten years ago and why hospitality makes so much sense right now. Learn more at https://www.str...

Even in this super hot market, you can still generate strong cash flow. Whether it’s from utility bill backs to tenants that make a huge impact on cash flow or buying from long-time ma and pa owners with units that are way under market rent, the opportunities are there to get 10% cash-on-cash returns. Today’s guest, Steven Pesavento, President of VonFinch Capital, is finding these opportunities and making them available to his investors. Learn more at https://www.streetsmartsuccess.com

It’s never too late to get started in Real Estate Syndication. It just takes the right mentoring and the right team. It’s amazing what just a proven process can yield. Today’s guest, Brain Noel, CEO of Ascot Equity Partners, has gotten started over the past couple years and is already a GP on a couple of excellent B and C class value-add deals in Houston that have already appraised well above the purchase price. Learn more at https://www.streetsmartsuccess.com

From converting distressed hotels into Assisted Living facilities to Value-Add apartments, there are many ways to generate great investor returns. It just requires rigor and creativity to see what others don’t. Today’s guest, Prashant Kumar, CEO of Myrealtygains, quickly learned that the single family game was an uphill battle and that bigger projects was the only way to go. He’s since done several multifamily and Assisted Living deals and targets 20% IRRs for his investors.

When it comes to multifamily, it seems like no good deals are to be had. Even in smaller markets, cap rates have compressed so much and the competition keeps getting fiercer. But today’s guest, Joshua Ferarra of Ferrara Capital, has been buying 7 and 8 cap deals in Mobile, Alabama where he currently lives. These have been C and B class deals with recent renovations completed by previous owners and therefore did not require heavy-lift rehabs or unusually high cap-ex.

Ecommerce is changing the playing field in unprecedented ways. As companies need to get their goods into customer hands within hours, the demand for warehouses will continue to expand dramatically all over the country for the foreseeable future. Today’s guest, Peter Lewis, Chairman and Founder of Wharton Equity Partners, sold $500,000,000 in multifamily assets back in 2017 and redeployed the capital into industrial property to catch the huge wave in industrial expansion.

When it comes to choosing what to invest in, 80% of the decision comes down to the team. There’s no substitute for experience and roles within the team should be clearly defined, otherwise teams can implode and investor capital is at great risk. Today’s guest, Spencer Hilligoss, Founder of Madison Investing, fully vets sponsors and deals for his investors and invests as an LP himself prior to bringing a sponsor into his portfolio.

When it comes to multifamily, it seems like no good deals are to be had. Even in smaller markets, cap rates have compressed so much and the competition keeps getting fiercer. But today’s guest, Joshua Ferarra of Ferrara Capital, has been buying 7 and 8 cap deals in Mobile, Alabama where he currently lives. These have been C and B class deals with recent renovations completed by previous owners and therefore did not require heavy-lift rehabs or unusually high cap-ex.

Is the Texas market going to stall, or is it just beginning a longer-term growth trajectory? According to today’s guest, the chronic housing shortage will not abate as people and jobs keep pouring into the Lone Star State. Jack Langenberg, a seasoned CFO and COO of several large companies, and previous head of mergers and acquisitions of a Fortune 500 company, is syndicating multifamily deals out of the Dallas-Ft Worth market and has a recipe for success.