Mon, 29 November 2021
Steve Olson is a real estate investment expert. Steve has been in the real estate game since 2002. He completed his first real estate deal while still in college and decided to pursue investing as a full-time career at that point. Steve is currently the Director of Sales for (FIG) aka Fourplex Investment Group, a national real estate investment group that specializes in the development and sales of large-scale Fourplex properties across many of the countries hottest markets. Quote: “The problem with land right now is that sellers know that they have something extremely valuable on their hands…so you have to be extremely confident going into these deals that you’re going to make the land work.” Highlights: 01:38 - Steve tells listeners more about how he got started in real estate. 05:15 - Steve discusses the essence behind his investing group, FIG, and how it got started. 09:55 - Steve tells listeners about the impact the pandemic had on FIG. 16:11 - Steve talks about the impact the pandemic had on inflation and prices. 19:01 - Steve provides insight into how FIG develops their projects. 23:47 - Steve touches on the pros and cons of investing in fourplexes. 29:26 - Steve describes his most challenging deal. Guest Website: https://www.fig.us/ Recommended Resources:
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Fri, 26 November 2021
#362 FBF: Words of Wisdom from an Extended Stay Hotel Developer and Multifamily Investor - with Chris Winterhalter
Today's Flash Back Friday Episode is from Episode #71 that originally aired in May of 2015. This week we're going to speaking with multifamily investment expert and hotel entrepreneur, Chris Winterhalter. Chris is a self-taught real estate investor who has built quite the impressive resume and track record during his short time in this business. Chris started with fixing and flipping single family homes before moving onto multifamily investments. In addition to his current investments, he’s also active in a national extended stay development project and based on his financial projections the numbers look pretty darn exciting. Chris is a top-notch guy and I’m positive that you’ll enjoy our interview together. Here’s a few things you’ll learn in our interview with Chris today:
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Wed, 24 November 2021
Today's Mobile Home Park Episode is from Episode #107 that originally aired on March 12, 2019. Learn About Investment and Partnership Opportunities with Kevin and His Team Recommended Resources:
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Mon, 22 November 2021
Meg Epstein is a real estate development expert. Meg is the founder of CA South, a vertically integrated real estate development and investment management company based in Nashville, TN. Over the course of her career, Meg’s been involved in the development and construction of over 1 million square feet of residential and commercial real estate, representing over $780 million to date. Meg is a licensed Commercial Contractor, licensed Residential Contractor, CCIM candidate, and licensed real estate agent; she also keeps a private pilot’s license and bareboat charter sailing certification. Quote: “For me, what really helped was doing the CCIM courses and those really gave me the fundamentals of just the background of investing in real estate. And as an investor, I would recommend that.” Highlights: 01:45 - Meg tells listeners more about her company CA South and moving out of California into Nashville. 08:40 - Meg discusses the shift from doing residential projects into the commercial world. 12:54 - Meg tells us about moving to the institutional side. 22:26 - Meg touches on her most exciting deals. Guest Website: https://www.casouthdevelopment.com Recommended Resources:
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Fri, 19 November 2021
#359 FBF: Building a Multi-Billion Dollar Portfolio, Syndicating Your First CRE Deal at Age 15, & Learning From The Best in The Biz - with Max Pastor of Time Equities
Today's Flash Back Friday Episode is from Episode #249 that originally aired in November of 2019. Time Equities Inc (TEI) currently holds in its own portfolio approximately 31.1 million square feet of residential, industrial, office and retail property – including over 4,000 multi-family apartment units. In addition, TEI is in various stages of development and pre-development of constructing approximately 1.4 million square feet of various property types which includes at least 1,447 residential units. With properties in 30 states, five Canadian provinces, Germany, the Netherlands, and Anguilla, the TEI portfolio benefits from a diversity of property types, sizes and markets.
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Wed, 17 November 2021
#358 MHP: Purchasing a Park That Has a Large Number of Homes Owned by an Outside 3rd Party Investor and Why This Can Be a HUGE Risk
Today's Mobile Home Park Episode is from Episode #61 that originally aired on April 11, 2017. Recommended Resources:
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Mon, 15 November 2021
Michael Cobb is a real estate expert and international developer. After success in the computer industry, Michael formed ECI Development in 1996. This residential resort development company builds communities in Belize, Nicaragua, Costa Rica, Panama, El Salvador, and Mexico. Tropical neighborhoods include homes, condominiums, golf courses, and hotels in beach, agricultural, and mountain locations. Michael serves on the board of several multinational companies, charitable foundations, holds a CIPS certification, is a past International Director for NAR, and heads the International Referral Network (IRN) for Realtors. Michael and his wife, Carol, lived as expats, raising two daughters overseas, from 2002 through 2016. Quote: “We started a mortgage company to provide financing to North Americans.. and that business ultimately grew into a bank, but we are still largely a mortgage company.” “Understanding that thin slicing of the marketplace is really important but also [is] understanding your goals and objectives.” “To me, the biggest form of asset protection is diversification, and not just in terms of asset classes.” Highlights: 02:00 - Michael tells listeners more about life with his family in Nicaragua, culture shock, and raising children outside of him and his wife’s native country. 07:24 - Michael discusses his shift from the technology industry into the real estate world and how ECI Development came to be. 12:54 - Michael tells us the reasons why his company doesn’t have many competitors. 15:23 - Michael lists some reasons why Central American real estate is so appealing. 28:50 - Michael talks about asset protection when owning real estate in Central America. 34:21 - Michael touches on ECI’s current real estate developments. 40:23 - Michael describes the process of someone touring properties. Guest Website: https://www.ecidevelopment.com/ Recommended Resources:
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Fri, 12 November 2021
#356 FBF: Founder of one of NYC’s Most Prominent Real Estate Firms, $100 Exit to Cushman Wakefield, & Running for Mayor – with Paul Massey
Today's Flash Back Friday Episode is from Episode #250 that originally aired on October of 2019. At the end of 2014, Cushman & Wakefield acquired Massey Knakal for $100 million. Following his successful exit, Paul went on to run as Mayoral Candidate for New York City, primarily focusing on education, housing and homelessness while also providing solutions for how to improve quality of life in the city. In July 2018, he launched a new commercial brokerage firm, B6 Real Estate Advisors, short for “Building By Building, Block By Block”. The investment sales and capital advisory firm specializes in middle-market ($1-$200 million) and employs a distinct Territory Network model that ensures sub-market expertise for its agents along with an owner-aligned philosophy and a technology-forward platform. Learn About Investment and Partnership Opportunities with Kevin and His Team Recommended Resources:
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Wed, 10 November 2021
#355 MHP: Making The Decision to Invest Locally Over Investing Logically and How This Can Negatively Affect Your Business
Today's Mobile Home Park Episode is from Episode #53 that originally aired on March 21, 2017. Recommended Resources:
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Mon, 8 November 2021
Mike Sowers is a commercial real estate investment expert commercial real estate expert. As the Founder and CEO of Commercial Investors Group, he leads the acquisition of a variety of assets and closes on value-add real estate deals in Minneapolis. Commercial Investors Group’s core business is repositioning commercial real estate assets across the country. In addition to his real estate endeavors, Mike is the author of the #1 Amazon bestselling book "Commercial Real Estate Investing: A Step-By-Step Guide To Finding & Funding Your First Deal" and host of the "CREative Commercial Real Estate Podcast" Quote: “…There are true real estate operations and then there are properties where it's kinda like there’s a business embedded in the real-estate operation.” “I never got into niches that required me to move from being a landlord into being a business owner.” “I think the key here is looking at it and figuring out: how am I capitalizing on it instead of letting it create fear within me… So, how do I take the data and the understanding of what’s happening in the market and use it to my advantage?” Highlights: 01:42 - Mike tells listeners more about the Commercial Investors Group and how he got into real estate. 07:24 - Mike discusses Commercial Investors Group’s first value-add property. 11:17 - Mike tells us about public databases for MLS. 20:36 - Mike describes finding the necessary expertise in pivoting to a different type of deal. 24:00 - Mike about having a niche and how COVID has shifted his interest in suburban real estate. 27:52 - Mike speaks about COVID’s impact on his opportunities and marketplace. 30:35 - Mike talks about how his company creates opportunities. 33:33 - Mike discusses the importance of banking relationships in the industry. Guest Website: https://www.commercialinvestorsgroup.com Recommended Resources:
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Fri, 5 November 2021
#353 FBF: Living Legend Francis Greenburger on How He Built a Multi-Billion Dollar International Investment Firm
Today's Flash Back Friday Episode is from Episode #260 that originally aired on Jan 15, 2020. Time Equities Inc (TEI) currently holds in its own portfolio approximately 31.1 million square feet of residential, industrial, office and retail property – including over 4,000 multi-family apartment units. In addition, TEI is in various stages of development and pre-development of constructing approximately 1.4 million square feet of various property types which includes at least 1,447 residential units. With properties in 30 states, five Canadian provinces, Germany, the Netherlands, and Anguilla, the TEI portfolio benefits from a diversity of property types, sizes and markets. Francis has been at this game for more than 50 years and did his very first deal before graduating high school. And get this, his first deal was a New York City office building. If that doesn’t impress you then I don’t know what would. Learn About Investment and Partnership Opportunities with Kevin and His Team Recommended Resources:
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Wed, 3 November 2021
#352 MHP: Mobile Home Park #41 - Interview With a New MHP Investor To Discuss His Story and How He Has Found Success in This Business
Today's Mobile Home Park Episode is from Episode #41 that originally aired on Dec 27, 2016. |
Mon, 1 November 2021
Trisha Talbot is a real estate and healthcare expert. As a Managing Director of Newmarke, she advises healthcare providers and real estate investors. She specializes in investments by consulting her clients throughout the sales process with comprehensive strategies on pricing, market fluctuations, and solutions to close transactions. She also helps healthcare providers in establishing real estate portfolio strategies aligned with their corporate goals. Together with her team, landlords benefit through stabilizing their property with leasing then monetizing their assets. As the host of the Providers, Properties, and Performance podcast, she focuses on the possibilities and future of healthcare and commercial real estate. Quote: “I will tell you, cap rates for medical office buildings are incredibly aggressive and incredibly low…because people are looking to place their money in a resilient asset class that is unlikely to fluctuate.” “…what I see is (investors saying) ‘okay I want to get into medical office’ without really understanding what it takes–where the lease rates need to be, how you need to manage it from operating expense standpoint as well as really understanding the property before you buy it.” Highlights: 01:43 - Trisha tells listeners about her background in real estate and health care. 05:15 - Trisha discusses the impact of the pandemic on healthcare real estate. 11:40 - Trisha gives listeners her thoughts on physician sale lease-back strategies. 14:57 - Trisha describes what bigger health care property investments look like. 18:35 - Trisha talks about the property to healthcare conversions. 21:35 - Trisha speaks about the more common mistakes that owners make with their properties. 24:04 - Trisha talks about the most difficult transactions that she’s been involved in. Guest Website: providerspropertiesandperformance.com Learn About Investment and Partnership Opportunities with Kevin and His Team Recommended Resources:
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