Fri, 29 October 2021
#350 FBF: Mastering the Capital Markets, The Many Challenges of a Startup, Building a Team Around Your Companies Core Values, and Much More – with Adam Finkel
Today's Flash Back Friday Episode is from Episode #255 that originally aired on Dec 17, 2019.
Tower Capital is an independent structured finance firm that specializes in helping real estate investors navigate the capital markets. Through a strategic team approach, Tower Capital streamlines the financing process to obtain the best solutions for their clients in the most time effective and least costly manor possible.
Prior to founding Tower Capital, Adam served as Vice President at Johnson Capital, one of the country’s top real estate capital advisory firms with 20 locations nationwide. There he was involved in the successful placement of over $360 million in bridge and permanent structured financing on behalf of commercial real estate investors and property owners throughout North America.
Prior to Johnson Capital, Adam held a few other key roles in different firms and was directly party to more than 300 commercial real estate transactions, which included office, industrial, and retail properties.
In 2014, Adam earned the designation of Certified Commercial Investment Member (CCIM), a title held by only a small group of elite commercial real estate investment professionals.
Wed, 27 October 2021
Today's Mobile Home Park Episode is from Episode #20 that originally aired on Aug 16, 2016.
Mon, 25 October 2021
Scott Myers is a Self Storage Expert and the President of Kingdom Storage Holdings.
Scott has acquired, sold, developed, and/or converted over 40 facilities totaling over 14,000 units and over 2.4 million sq. ft of storage. He is also the Founder and President of: SelfStorageInvesting.com, a leading self-storage education company that offers courses, live events, and mentoring/coaching.
Scott’s devotion to both his family and his faith is illustrated through his charity and mission work both locally and around the globe. Here, he focuses on funding, building, and giving away homes to deserving families.
“Nobody cares 1% as much about your facility or your apartment complex as you do…Just bottom line. Nobody is going to be able to fight for every dollar that comes in the door and fight to reduce every expense and line item in your P&L like you would, period.”
“Storage has really benefitted during this pandemic and it benefitted during a recession…because when there’s trauma in transition businesses downsize, people move in with their family and friends, then the demand for storage goes up.”
02:24 - Scott tells listeners about his background in real estate.
07:24 - Scott discusses the impact of the 2008 recession on the real estate and self-storage spaces.
11:17 - Scott tells us about creating a holding company.
13:56 - Scott describes running a third-party management.
23:48 - Scott talks to those who are looking to getting their first facility.
28:00 - Scott speaks about lending and the types of debt in the Self-Storage market.
34:00 - Scoot talks about sensitivity to rent increases.
37:26 - Scott talks about one of his worst deals.
Fri, 22 October 2021
#347 FBF: From Limousine Driver to Nationally Recognized Real Estate Developer Whose Work and Vision Helped Revitalize an Entire City
Today's Flash Back Friday Episode is from Episode #111 that originally aired on May 03, 2016.
In today’s discussion with Dick, we’re going to discuss how he’s gone from Limousine owner/operator to being the president and CEO of a highly successful service commercial real estate firm located in Manchester, NH. Dick has become an expert at re-positioning old rundown historic buildings and re-purposing them for uses that meet the needs of today’s businesses and consumers. Dick’s progressive vision and unconventional thinking was the main driving force, which brought downtown Manchester back to its former glory.
My time spent with Dick was both inspiring and motivating as it shows that hard and work and perseverance truly does win at the end of the day. Anditdoesn’tmatter if you’re just starting out or are already an experienced real estate investor, I’m positive that you’ll thoroughly enjoy and gain a ton of value from our discussion together.
In this show with Dick you’re going to learn:
Wed, 20 October 2021
Today's Mobile Home Park Episode is from Episode #95 that originally aired on Sep 25, 2018.
In this episode of the Mobile Home Park Investing Podcast, Kevin shares the mic with Mike Johnson, Owner of the blog Perpatualsaturday.com, and owner of 3 Mobile Home Parks.
Mike is passionate about helping others retire in 12 months, no matter where they are financially. Impossible? Think again: Mike landed on the asset class of Mobile Home Parks to fund his retirement.
He is now the owner of 3 Mobile Home Parks, which are made 95% passive by hiring the right managers to run them.
[7:22] What is Mike’s background?
Mon, 18 October 2021
Keith Weinhold is a real estate expert.
Keith has been an active income property investor since 2002 and owns apartments in Alaska and single-family income property across the United States.
He is the Founder and owner of Get Rich Education. It is here and on his podcast, Get Rich Education, where he teaches people how to build their wealth through buy and hold real estate investing.
Keith is also the international best-selling author of the book “7 Money Myths that are Killing Your Wealth Potential”. He writes for Forbes and the Rich Dad Advisors blog and is a member of the Forbes Real Estate Council.
“…as I often say, the market is more important than the property. You have to keep in mind the economic vibrancy of a market. Are there diverse job sectors, is there population growth, and is there job growth that is going to support rent-paying tenants that can create that cash flow?”
“Live where you want to live and invest where the numbers make sense.”
02:24 - Kieth updates listeners on where he’s at in his real estate portfolio.
04:27 - Keith discusses the direct impact on his properties from local economies.
07:15 - Keith tells us about the markets he loves.
12:10 - Keith talks about capital gains taxes.
15:34 - Keith touches on the conversation around 1031 exchanges.
20:08 - Keith speaks about how putting an emphasis on health helped him in business.
26:50 - Keith talks about one of the most challenging deals he’s done.
30:21 - Keith tells listeners about investor profiles of prospective buyers.
34:21 - Keith answers Kevin’s golden nugget question.
Tue, 12 October 2021
Danny Kalenov is a real estate expert and fund manager.
Since 1999, he has analyzed, purchased, and repositioned a large variety of income-producing real estate assets. Now, Danny is the Founder, Principal, and Fund Manager of Diversus Fund. Diversus was born out of Danny’s frustration with the volatility of the stock market, and the realization that relying on stocks alone for stability in retirement was largely a game of chance.
“If you pay 5x less in Nashville for the exact same home, you’re not going to get 5x more in San Diego for that same home.”
“There are two key considerations that I would look at before making [short term rental] investments, the first one I market and the second one is team.”
01:43 - Danny offers listeners insight into his background and how he entered the real estate space.
05:29 - Danny discusses Diversus Fund’s asset collection.
09:38 - Danny talks about the areas of real estate he first got into.
14:17 - Danny tells us about finding opportunities and his fund’s business model.
16:08 - Danny talks about new lottery legislation in San Diego and regulatory risk.
16:23 - Danny speaks towards short-term markets.
22:28 - Danny talks about the challenges of scaling short-term rentals.
27:54 - Danny discusses national companies that specialize in vacation rentals.
30:25 - Danny tells listeners about Diversus’s presence in the hotel space.
Tue, 5 October 2021
Michael Blank is a multifamily Syndicator.
Michael is an entrepreneur who is passionate about helping people become financially free through real estate investing. He’s the author of the Amazon bestseller “Financial Freedom with Real Estate Investing” and host of the popular Apartment Buildings Investing Podcast.
As CEO of Nighthawk Equity, he controls over $200M in performing multifamily assets all over the United States.
“What we’ve discovered is...in the beginning you want to get to anywhere you can find a deal. It doesn't really matter as long as the area is growing, but after a while when you’re trying to scale, you really want economies to scale. I don't want just 2 deals in a market or 1 deal. I want 5-10, I want 1000 units in one market.”
“What really really works well in the multifamily space is broker relationships. Broker relationships are absolutely key…"
02:33 - Michael offers listeners insight into his background and how he entered the real estate space.
05:29 - Michael discusses his endeavors in the restaurant business and what went wrong.
07:10 - Michael talks about what markets his company is drawn towards talks.
09:45 - Michael tells us about finding opportunities in today's real estate climate.
13:52 - Michael paints a simple plan for people looking to build relationships.
16:23 - Michael speaks towards selling off assets.
19:03 - Michael talks about his company’s business model.
22:38 - Michael discusses debt and flexible exit strategies.
33:25 - Michael answers Kevin’s golden nugget question!