The Real Estate Life Podcast

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Robert Preston, Co-founder of Climb Capital. Robert specializes in buying and selling RV Parks. He searches for and acquires value-add properties that produce a durable yield through the life of the investment. While Robert got his start by flipping single family homes, this quickly escalated to recruiting investors and purchasing multifamily housing and then eventually Mobile Home Parks. In this episode, Robert will share the significant upsides that owning and operating RV Parks bring. We will also discuss how you can invest into an RV park yourself, actively or passively. All this and much more, up next. (00:03) Introducing Robert Preston (00:43) Robert's background (02:37) Getting into commercial real estate (03:00) Focusing on RV parks (05:57) The different types of RV parks (08:24) The difficulties of building a new RV park (09:50) Adding new sites (11:50) How do you expect your assets to perform during a recession? (15:50) What are you looking for location-wise? (18:24) The best amenities (20:37) Financing an RV park (22:35) Investing actively into RV parks (25:10) Investing passively with Climb Capital (28:01) Where to find out more

Hello everyone! Recently I had the chance to meet the founders of Estating, a new and very innovative way to invest in real estate. They define themselves as a global digital marketplace providing direct access to real estate. We had a long conversation with Martin Halblaub, co-founder, CEO, and Chairman; Kristina Jahn, Chief real estate officer; and Daniel Vegue Dominguez, COO, and co-founder, where they explain their business model make real estate acquisitions all over the world. You can listen to this new episode of The Real Estate Life podcast by clicking on the link below!

One of the most pressing questions for multifamily investors is how long should they keep their assets. Should you keep them for 3, 5,10 years? Should you sell quickly? Should you sell at all, or keep them as part of a growing portfolio? These answers depend on many factors, from your future investment plans to your acquisition strategy, your taxes strategy, and more, and every case is different.

In the latest episode of The Real Estate Life podcast I welcome seasoned multifamily investor Tom Dunkel. He's Co-Founder and Managing director of Belrose Asset Management, a firm specialized in real estate investment with a focus on multifamily and self-storage. In this opportunity, we focus the conversation on the self-storage asset type, since it's becoming so popular in recent times, and investors see it as a possibility for generating extra income on their properties. Tom also discusses his process to identify cities or locations to invest, all the hard data behind his decisions, and how new technology has become his ally in real estate investing. (He actually describes a very clever hack to determine geographical need for storage, you need to check it out!)

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Jeremy Gomez. Since 2006, Jeremy has been catering to local and international real estate clients. He currently is the Principal Broker and the cofounder of G World Properties, a real estate firm based in Central Florida. Today Jeremy will share his view on the different sides of the business and how to have a great relationship with clients. We will also discuss the importance of leveraging your network and why being on social media is crucial to your business. Lastly, Jeremy will talk about the 200% philosophy and how to think outside the box. All this and much more, up next.

Hello everyone! As many of you know may remember, a few weeks back SAR Apartment Capital was mentioned in the local news in Augusta, Georgia, right after we announced the acquisition of 95 units in three completely vacant buildings in that city. The report mentioned how housing shortages and new investors coming from out-of-state were creating a gentrification trend in the area. For this week's blog, I decided to explain briefly how these communities actually benefit when investors rebuild and rehabilitate abandoned or empty buildings, using the example of the Augusta acquisition. Up next.

Hello everyone! For this week's podcast, I'm describing briefly the logic behind one of our recent transactions, which raised some eyebrows when made public a few weeks ago. I decided to partner with multifamily investor Rene Sanchez to acquire a 10.6-acre piece of land in Covington, GA, for US$ 1,800,000.00. The land, located in Newton County, GA has an approved zoning permit for residential development and a proposed multifamily property plan for 176 units and is surrounded primarily by commercial and residential land use areas. This was a very special and rather unexpected acquisition because we hadn't bought land before, so it was kind of a surprise to a lot of people. Please check out this short episode to get an idea of our reasons for this transaction.

Hello guys! After some long weeks of extensive work, I finally have some time to get back to creating more blogs and podcast. Today I'd like to share some insights on a recent transaction we did in Gainesville, Florida, where we had to execute a very challenging 1031 exchange. This was a very particular acquisition, because it wasn't just one single property under one owner, but several different properties with several owners. We also had to execute a 1031 exchange, which due to time constraints, proved to be extremely challenging. In this episode I describe these challenges and more important, how we finally pulled it off!

Hello everyone! In this week's episode, I am giving you the lowdown on a very particular transaction we finalized recently. We purchased 110 houses in a Class B community in Tennessee that we are stabilizing to reach the local market's rent levels. While we have mostly focused on apartment buildings, this complex of houses offered a unique set of opportunities, even while having HUD restrictions. The nature of the property allows us many different options for capitalizing in the near future. All the details, up next

“I KNOW I'M RIGHT… right? Well, that has cost me a lot of headaches, and a lot of money in my life, when being the only decision-maker or just being stubborn about something and saying “I know I'm right”...” Hello everyone! In this week's blog, I'd like to talk about one of the most common and costly mistakes you can make when conducting any type of business, especially when investing in multifamily real estate. That is the notion of falsely knowing all you require to know to make a sound decision. I have said it myself, and I have heard many others saying it: I KNOW I'M RIGHT! And I was wrong.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Erik Olivers, a cost segregation expert. Erik has a background in accounting and has been with Cost Segregation Authority for six years. Cost Segregation Authority is a national provider of cost segregation services that works with investors in CPA across the country on reducing tax liabilities through cost segregation and energy credits. In today's episode we will talk about tax liabilities and depreciation. We will also discuss the impact of the 2017 tax reform, the 179D Tax Deduction and the 45L Tax Credit. All this and much more, up next. (00:36) Introducing Erik Olivers (01:41) Tax liabilities and depreciation (03:20) The best holding strategy (04:14) Recent text laws and bonus depreciation (06:30) When to start thinking about your taxes (08:51) The impact of the 2017 tax reform (12:55) Is there a perfect type of asset to do cost segregation on? (15:02) 179D Tax Deduction (17:45) 45L Tax Credit (22:17) Surrounding yourself with experts (26:19) Where to find out more

Hello everyone! SAR Apartment Capital recently performed its first exit of a multifamily acquisition - after a holding period of only 529 days - which provided an IRR of about 20% to our investors. I shared the details of the transaction recently, but today I'd like to provide more information on the property, what we did to reach market rents, the rehab process (which was very light), and the reasons why we love properties located in the Jacksonville area. I had to record this blog while driving, so join me for my podcast on the road!

Hello guys! Recently I announced the purchase of a 208-unit multifamily property for US $16,254,000.00, in the Gainesville, FL area. Many of you may have received our press release or seen some details of this transaction on my social media channels. Find out more, up next...

Hello everyone! We all make mistakes in our careers, in our jobs and occupations, and in our lives. It's part of being human. When it comes to business, a simple mistake can mean a lot of money in losses, broken relationships, lost clients, and much worse. But that's not the end of the world. In business, as in life, one needs to learn to deal with mistakes properly. In this podcast, I explain some basic principles that have helped me to get the best out of my own mistakes. Many of these lessons come directly from situations I was directly involved in or mistakes I've made, and I think that sharing them with you will help us all to improve our professional lives. All this and much more, up next.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Mark Willis, a CERTIFIED FINANCIAL PLANNER™, best selling author and the owner of Lake Growth Financial Services, a financial firm in Chicago, Illinois. In this episode we will discuss the importance of financial education and how to become your own money guru. Today Mark will share some of his strategies for investing in real estate, paying for college without going broke, and creating an income in retirement you will not outlive. We will also discuss how to survive a market crash, deal with inflation and debt. All this and much more, up next. Bullet points (01:37) Introducing Mark Willis and the importance of financial education (02:20) Surviving a market crash (04:58) Financial planning in 2022 (06:34) Being in control of your money (07:50) Abiel's experience in 2008 (09:10) The first step to taking control (10:39) The problem with a 401(k) (12:17) What are the attributes you want your money to have? (15:40) Dealing with debt (17:29) How do you become your own bank? (18:53) The benefits of whole life insurance (25:55) Investing in real estate (28:29) How do you choose which syndications to participate in? (34:42) Choosing a life insurance agent (36:16) Dealing with inflation (39:45) Should I buy a single family now? (43:27) Where to find out more

Hello everyone! As many of you may know, the age for retirement in the United States is 67 years old. There are some early retirement options available that come with caveats: they would reduce your benefits. And of course, there are some differences depending on the year you were born, but essentially, the average retirement age is 67. Now, life expectancy is 78 years. So, would you like to work all your life to enjoy about 11 years of retirement? Today I'd like to tell you how multifamily real estate investing could be a great way to retire!

Hello everyone! We are living in times of unprecedented inflation in the past few months in the United States. According to official data, the inflation rate for October 2021 is 5.4 percent! That is huge! That is more than double the average yearly inflation for the past 10 years. Inflation in the year 2020, with the pandemic and the lockdown, was 1.4 percent, and back in 2015 was 0.7. This permanent raise in the price of goods and services makes your money shrink really quickly! Learn how to hedge from inflation investing in multifamily up next

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today we welcome Scott Krone, who used to be in the multifamily business and now works full-time in self storage. In today's episode we will talk about the self storage businesses, from the differences between drive-up storages and multi-storey buildings, to why people choose to use self storage. We will also talk about the launch of One Stop Self Storage and how to invest in Scott's next project. All this and much more, up next. Bullet points (00:36) Introducing Scott Krone (01:25) Scott's background (02:32) Purchasing the first property (03:26) Going through four cycles (04:24) Dealing with inflation (06:27) Converting warehouses and offices into storage facilities (08:41) Testing new markets (09:59) How to learn more about self storage (13:00) Knowing the demographics (15:55) What type of businesses use storage (17:42) Drive-up storages vs multi-storey buildings (19:21) One Stop Self Storage (20:33) Why people use self storage (22:28) Starting a new project and how to invest (24:10) Owning vs leasing land (24:56) Focusing on the midwest (25:22) Where to find out more

The Biden administration is preparing a new set of bills known as the Build Back Better plan, and among its provisions, there is major housing investment. According to the National Association of Realtors, the proposed bill includes hard-fought NAR priorities like investments in affordable housing and down-payment assistance and spares real estate investment from the most feared taxes. If approved, will be of great benefit to the housing sector and the real estate industry. All you need to know, up next

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Ismael Reyes, who has been actively investing in residential real estate since 2005 and has focused exclusively on multifamily since 2016. Ismael owns and manages 599 units throughout different states, such as Alabama, Florida, Georgia and Tennessee. He also provides independent consulting to multifamily investors and is the bestselling author of BLUF: The Bottom Line Up Front about Passively Investing in Multi-family Properties. In 2019, Ismael retired as a Lieutenant Colonel from the US Army, with over 28 years of service. In today's episode, Ismael will be sharing his story, from how he got started without having a mentor, to taking the leap from single families to multifamilies. We will also talk about the Augusta deal, and a crucial lesson Ismael learned about rushing deals. All this and much more, up next. Bullet points (01:47) Introducing Ismael Reyes (02:42) Discovering the business (04:00) Getting into single families (05:17) How to get more information without having a mentor (07:01) Ismael's new book (08:42) Taking the leap from single families to multifamilies (11:14) The first acquisition in multifamilies (12:37) Going into a syndication deal as a passive investor: Screening the operator (14:54) Learning the process with the right operator (16:37) The Augusta deal (21:23) One strategy: Proof of concept (23:50) Adding value (26:34) A lesson learned about rushing and not doing inspections (34:08) Where to find out more

This week I'm back behind the wheel trying to put together my blog while I am driving around town for work. So basically I am "Blogging While Driving" once again. This time I'd like to share my impressions and ideas on how to give compliments to your team and your contractors and how to motivate the people around you. Also, how to guide people in the right direction when the outcome is poor or just plain wrong. This is part of a new "motivational" approach to my blogs.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Scott Choppin, founder of Urban Pacific Group and a real estate developer of multigenerational urban housing for families. With over 35 years of experience, Scott has developed over 3,400 units and has successfully exited over 900 M in sales. With development becoming more popular than ever, today we will talk about the benefits of developing multigenerational housing. We will also discuss the three pillars of partnering up with a developer and talk about how to move from investing to developing. All this and much more, up next. Bullet points (01:45) Introducing Scott Choppin (02:06) Developing has become more popular than ever (03:47) Getting into development (06:25) The multigenerational workforce housing (11:20) The importance of having a ground floor bedroom and bathroom (12:20) Multigenerational living in the US vs abroad (13:44) The different types of units (16:00) The square footage (17:17) How many units are developed? (19:06) Are you expanding into other areas? (20:57) The project moving forward (24:08) Vouchers for housing (25:30) The three pillars of partnering up with a developer (27:54) Moving from investing to development: Learning from others and finding the right partner (32:29) What does financial freedom mean to you? (36:18) Housing and longevity (38:00) Where to find out more

For many people, the idea of buying real estate is oftentimes limited to buying a house or a condominium. But when you get more involved in the industry, you learn about the large variety of options available for investors, from residential to commercial real estate, to land, and so on. If you own a condo, you're familiar with terms like “special assessment”, “board of directors” or “rules and regulations”. And probably, you don't like those terms. In this week's podcast, I explain in general terms the pros and cons of acquiring condos versus investing in multifamily property to give you an idea of what you can expect when acquiring condominiums.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Anette Talie, a full-time real estate investor, architect and mother. Today Anette will share her story, from coming to the US from Peru, to how she became a real estate investor. We will talk about the benefits of hosting meetups and the importance of networking. We will also discuss how to close a challenging deal and a lesson about extensions. All this and much more, up next. Bullet points (01:50) Introducing Anette Talie (02:37) Anette's background: Coming to the US from Peru to study architecture (03:56) Becoming an investor to diversify income (04:57) Meetup groups (07:57) The benefits of hosting meetups (10:47) Closing a challenging deal (12:45) A lesson on signing an extension for the due diligence (15:16) Dealing with a lower appraisal (16:40) Value-added deals and raising rent (17:41) Refinancing and the importance of networking (23:05) What advice would you give to your younger self? (24:07) What does financial freedom mean to you? (24:52) Anette's podcast (25:25) Where to find out more

“We lowered our risk by doing an extensive amount of research, finding the absorption rate in the area, seeing the interest rates, seeing the amount or lack of inventory, and so on. There was enough amount of data to back up our confidence that we could sell these units individually” This week will like to share with you some unknown details behind one of the recent transactions we just did. We have closed recently several deals in different parts of the United States and we honestly believe that they are amazing deals. So today let's discuss a little bit about one of the properties in Orlando, FL.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Rod Khleif, an entrepreneur, real estate investor, multiple business owner, author, mentor and community philanthropist who is passionate about business, life, success and giving back. As one of the country's top real estate trainers, Rod has personally owned and managed over 2,000 properties. In today's episode we will talk about some of the most common mistakes investors make and how to learn from failure. We will also discuss the cycles of real estate, inflation and the current state of the market. Finally, Rod will share the details of his upcoming event, an amazing three-day bootcamp in Orlando. All this and much more, up next. Bullet points (01:29) Introducing Rod Khleif (01:50) Getting into real estate and the 2008 story (05:08) Learning from failure (06:07) The most common mistakes investors make (08:34) The cycles of real estate (10:44) Structuring deals (11:21) Discussing a current deal (15:08) Inflation and the current state of the market (16:28) The regret of selling (17:56) Don't be in fear of the market cycle (18:32) Some newbie mistakes (19:20) Setting a good percentage (20:06) Acquiring distressed or receivership property: High risk and high reward (22:36) What asset class performs the best during a recession? (24:17) The Ohio deal and the tornado (27:34) The three-day bootcamp (30:57) Getting into Rod's deal

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today we welcome Christian Bruno, a transactional attorney practicing in the areas of real estate, real estate finance, and general corporate and business law. Christian handles all aspects of commercial real estate and finance transactions, including acquisitions, leasing, development, joint ventures, loan issuances and restructurings, note purchases, workouts, and fund formations in Florida and throughout the United States. Today we will discuss how an attorney can help you when investing in real estate, plus when to contact one. We will also talk about the most common mistakes investors make plus how to look out for liabilities. Finally, Christian will share some special nuggets about multifamilies, and talk about the way he structured a very particular deal. All this and much more, up next. Bullet points (01:35) Introducing Christian Bruno (02:05) Christian's background (03:32) When to contact an attorney in real estate investing (05:25) The binding exclusivity of LOI (07:02) Building a relationship with an attorney (08:27) The most common mistakes investors make (10:43) Looking out for liabilities (15:00) A different way of structuring a deal (19:00) Depersonalizing a situation through an attorney (21:22) What does financial freedom mean to you? (22:20) Where to find out more about Christian

Hello everyone! My latest blog is out now and it contains FIVE powerful reasons for you to check it out ASAP. As you may know, I wrote a short e-book a while ago where I explain my vision for escaping the stress of managing assets, like the multifamily properties I am currently acquiring. My blog is an invitation to read the e-book, where I describe briefly why you should read it, if you haven't yet. First of all, it's totally free. Secondly, and most importantly, it will give you a clear guide on multifamily investments, and also it will show you how it is possible to own and manage large real estate properties and still have time for fun!

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Gwyeth Smith, who owns 1140 units throughout the United States in Dallas, Indiana, Pittsburgh, Tennessee and Ohio. Today Gwyeth will share how he got into multifamilies while working a full-time job making prosthetics. We will discuss the pros and cons of buying property in other cities or states, and how to leverage your network to find deals. Finally, we will talk about one of the most difficult parts of putting a deal together and how to handle it better. All this and much more, up next. (01:30) Introducing Gwyeth Smith (02:00) How Gwyeth got to 1140 units while working a full-time job (04:30) Getting into multifamily investment (06:20) Jumping into bigger deals (10:00) Buying in other cities or states (11:30) Looking for opportunities outside the hottest markets (13:00) Leveraging your network (14:25) The most difficult part of putting a deal together (21:20) Great deals and competition (22:40) What is one of your biggest failures and what did you learn from it? (29:00) How to handle contracts better (34:45) What does financial freedom mean to you? (35:40) What advice would you give to people wishing to get into multifamilies?

Hello everyone! We are in the middle of the summer, now entering the second half of the year and we can now see more clearly the direction of the economy for the remainder of 2021. I must say, the current trends are very promising and we believe that the fears of an economic crash are behind us, provided there is no catastrophic event impacting us. According to Ethan Harris, Bank of America's head of global economic research, the economic growth for the second quarter will be around 10%. Jamie Dimon, the CEO of JP Morgan, was also very optimistic about the economy and suggested that a booming economy could extend well into 2023. Of course, all this is good news, so I'd like to mention some very clear trends we are seeing in the economy and how they affect the real estate multifamily market.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have a husband and wife team who has close to 400 doors under management: David Kamara, Founder and Managing Director of Cape Sierra Capital, and Jessica Bradley, Co-Founder and Managing Director of Cape Sierra Capital. In today's episode David and Jessica will share how they switched careers and started their business in real estate. We will also discuss the challenges of working with your spouse and communicating with each other. Finally, we will talk about a very special deal in Michigan that consists of 124 units. All this and much more, up next. Bullet points (02:05) Introducing David Kamara and Jessica Bradley (02:34) Getting into real estate (05:24) How the business it started (06:50) Switching careers and scaling the business (10:40) Working with your family and communicating with each other (14:37) Buying 124 units in Michigan (23:20) Sticking with your number (24:22) What was special about the Michigan deal (27:32) Structuring responsibilities on the Michigan project (29:16) The terms and finance structure on the Michigan deal (30:55) What does financial freedom mean to you? (33:31) The personal cash flow formula (36:11) Where to find out more

Hello everyone! As many of you are probably aware, I recently closed two multimillion-dollar multifamily acquisitions in the Orlando, Fl area. Months ago, we identified these opportunities and carefully considered the market conditions, the economic outlook and the potential for these properties to bring high returns to our investors. Now, the economic data clearly shows that we were so right!

Today I'm presenting a very special episode of The Real Estate Life podcast. This time I traveled to Columbus, Ohio, to have a conversation with Zipporah Hodge, the Regional Director for Sundance Property Management, and who is in charge of one of our properties there. We had a very candid interview with her, where she gave us a glimpse into what it's like to manage this type of property, the challenges she and her team face on a daily basis, and what really happens behind the scenes. As a special guest in this podcast, we also have Israeli architect, investor, and partner of mine Doron RIce, pushing the conversation forward with a diversity of questions around the COVID crisis, owner involvement, and much more. Please check it out in the link below, and don't forget to send me your impressions, opinions, and questions. Bullet points (01:40) What happens behind the scenes in a multifamily complex (02:21) Introducing Zipporah Hodge and Doron Rice (03:55) The challenges of the Ohio property and what needed to be addressed (05:26) What does a property manager handle by themself? (08:15) How much owner involvement should there be? (10:09) Dealing with an unstable property (11:16) Some piece of advice: Do some self-management first (11:48) How to hire the right maintenance and office teams (14:45) Dealing with complaints (16:48) Some advice for owners: How to choose a property and a management company (21:13) Leveraging your relationship with your management company (23:30) Repairing vs fixing

“You need to know the difference between two types of investors: there are accredited investors and there are sophisticated investors. Those are the ones allowed in a multifamily syndication” I'd like to give you a short explanation of the characteristics and requirements of a person who is interested in becoming a multifamily investor. There are a few things you need to know to join this world of multifamily investing. It is a little different from residential real estate. Multifamily syndication is becoming a big trend lately, thanks largely to its appeal to people interested in passive investment. If you want to preserve and create wealth with less involvement and effort, multifamily investment is a great way to achieve that. Find out everything you need to know up next.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Jalal Abuimweis, better known as The King Of Miami Real Estate. Jalal is a full-time real estate investor and an active wholesaler. After just three years of getting into real estate, at 28 years-old Jalal already has 51 doors under management. In today's episode Jalal will share with us the story of how he became The King Of Real Estate, from moving from Jordan to America, to living in his car, working for Grant Cardone and failing the real estate exam seven times. All this and much more, up next. Bullet points (01:40) Introducing Jalal Abuimweis (02:46) Jalal's background: Moving to America from Amman, Jordan (05:40) America is full of opportunities (07:34) Abiel's story: From Cuba to America (09:34) Leaving the car business and meeting Grant Cardone (14:50) Going to Miami and landing a job with Grant Cardone (18:35) Getting fired and going into real estate (22:15) Taking the real estate course and failing the state exam (28:54) Becoming The King Of Real Estate (35:00) To make it into real estate you have to go all-in (36:58) The importance of looking put together (38:16) Multifamilies (39:43) The story behind the 38-unit deal (45:19) Improving the units (46:47) Coming up with creative strategies (51:20) Miami Movers 3 on October 23rd with Elena Cardone and other speakers

“I picked up a high-interest rate of 9% for that deal; I put 20% down on a $75,000 property - which is not much - my return after renting that property was actually quite high and after 6 months, after I had it stabilized, I decided to refinance and got to keep it for four years.” Getting started on any new endeavor is never easy! Much more if you are investing money, and you are risking any losses. That is one of the main roadblocks for people interested in multifamily investing. In order to illustrate how a successful multifamily acquisition can be done, I created a this new episode detailing my first multifamily deal.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Pauldine France, Vice President of Strategic Investments at FIP Commercial. Pauldine specializes in streamlining the process of retail, hospitality brands and multifamilies in the US market via South Florida, Miami. She is a licenced agent who focuses on property repositioning, tenants outreach, site selection and pre-development planning in the specialties of multifamilies, hotel industry and land leasing. Pauldine started NeoHabitus Consult, a real estate consultancy focused on developing and executing cost-effective plans for companies who want to invest in Florida. Today we will discuss the upcoming trends in Miami and why you should listen to the locals before investing in a new area. All this and much more, up next. Bullet points (02:05) Introducing Pauldine France (02:40) Getting into real estate (06:29) Starting a new venture during Covid: NeoHabitus, investing in South Florida (12:48) What do I need to have before contacting NeoHabitus: Having a clear identity and knowing your budget (16:10) Anticipating trends in Miami: Opa-locka (21:23) Advice for investors on their perspective (24:04) Why you should listen to the locals (25:54) Where to find out more (27:20) What does financial freedom mean to you?

I want my son to learn the difference between what he needs to have, and what he wants to have, now that he is still very young. I don't want to kill his dreams if he wants to have a very expensive car one day, jewelry, and designer clothes but he needs to know that he doesn't need that. Even though you feel the pressure of impressing people in society. I think that is a hard lesson for people to learn.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Isael Prieto with Stratwell. They have over USD 1 billion in state sales since 2010, averaging over 3,000 transactions a year. They work closely with mortgage servicers, asset managers and traditional sales and buyers. With everybody wondering if we are in a bubble, in today's episode we will be discussing the current state of the market. We will talk about why inventory is low right now and the relationship between inflation and deciding whether to rent or buy. Plus, Isael will share his advice on how to find a good deal for people looking to buy a property. All this and much more, up next. Bullet points (01:52) Introducing Isael Prieto (03:10) Getting into Real Estate (04:52) The current state of the market: Are we in a bubble? (09:57) Studying different markets (11:11) Why there is low inventory (13:40) Renting, buying and inflation (17:17) Advice for buyers: How to find good deals (21:24) Mortgage extension: Is it going to affect the market in a negative way? (25:10) Where to find out more

"While the economy has been swiftly recovering from the Covid 19 pandemic, the U.S. will need 8 million more jobs to reach pre-pandemic levels." The economy keeps on giving us surprises and is still behaving in unexpected ways. So today I'd like to take a look at some of the most recent trends in economic activity and try to understand how this will affect the multifamily industry in the coming months. Find out more, up next...

Welcome to the ninth episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Chris Wiser, a partner of mine and a true passive investor who has invested in 1,768 doors as a passive investor. In today's episode we will talk about how Chris became an investor and how he finds great deals. We will also touch on how to look for operators and why you might want someone who has gone through the complete lifecycle of an acquisition. Finally, we will discuss the benefits of diversifying your investment in different States. All this and much more, up next. Bullet points (01:55) Introducing Chris Wiser (03:57) The first investment: Jumping right into a 90 unit deal (08:43) Investing passively (10:49) Do you spend a lot of time underwriting these deals personally or do you just jump right in? (11:51) Identifying operators: What do you look for in a team? (15:51) Going through the lifecycle of an acquisition (18:33) Communication between an operator and a passive investor (20:21) Diversifying and investing in different States (25:15) What advice would you give to someone who is starting out? (28:20) What does financial freedom mean to you? (30:09) Where to find out more

The Opportunity Window Is Open: Why The Moment To Invest In Multifamily Is Now! by Abiel Ballesteros

Welcome The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In today's episode we welcome Richard Barthelemy, full-time multifamily investor. After getting into real estate in 2015, Richard found a very interesting and fruitful business model, especially in today's market where finding inventory is a challenge. Besides being a multifamily investor and flipping houses, Richard sources deals for me as well as for other investors. Today we will be discussing what you need to consider if you are thinking of becoming a full-time real estate investor, including how much money you should save up before quitting your 9-5 job. We will also touch on how to find deals on the market, and why it's all about doing volume and following up. Finally, we will talk about what you want to know before creating a relationship with someone to source deals for you. All this and much more, up next. Bullet points (01:37) - Introducing Richard Barthelemy (02:46) - Getting into real estate (04:39) - Leveraging previous work experience (05:37) - Becoming a full-time real estate investor (06:37) - How much money do you need to have saved up if you want to jump into real estate before quitting your job? (08:11) - Richard's creative way of sourcing deals: Using VA around the country (10:41) - How to stay on top of training (11:43) - Picking submarkets (12:51) - Finding deals on the market: It's all about volume and following up (17:05) - How to reply when an agent asks you if you have seen the property (17:47) - Have complete clarity on what you want before creating a relationship with someone to source deals for you (18:45) - The cost of doing volume and buying leads (20:26) - Richard's ideal client (21:20) - The advantage of small units: Liquidity (23:11) - The most difficult deal (25:40) - What is one of your biggest failures and what did you learn from it? (31:40) - What does financial freedom mean to you? (33:00) - Where to find out more

President Biden's new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains on property sales. I'm talking about section 1031 of the US tax code. I have mentioned and explained several times how the 1031 exchanges benefit the real estate industry and specifically the multifamily industry. You can check past blogs on my website or on my YouTube channel where I describe in detail all the tax benefits available to multifamily investors, and specifically all details of section 1031. In a few words: the current law allows investors to defer paying tax on real-estate gains if they reinvest the proceeds in other properties within six months of the sale. We use that strategy as part of our regular investment operations, to maximize profits for our investors, clients, and partners. Everyone in the industry uses it. All this and more, up next...

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Alejandro González, full-time multifamily broker with Marcus & Millichap. Alejandro is a true professional with a solid understanding of the business, and an expert in both buying and selling multifamilies in South Florida, specifically in Miami. Since he has the perspective of both a seller and a buyer, he knows how to maneuver transactions expertly. Alejandro has sold over 140 million multifamilies in sales and over 1700 units since 2013, and he's part of a team that has 6 billion in commercial sales. In today's episode we will talk about all you need to know to hire a professional broker. We will also discuss the current trends in the multifamily business, more specifically in Miami. Plus, Alejandro will share some great tips on how to better evaluate an area if you don't have the resources to do your own research. And stay tuned until the end, when we talk on how you can transition from being an investor to working in multifamilies as a broker. All this and much more, up next. Bullet points (01:38) - Introducing Alejandro Gonzalez (02:50) - Getting into real estate (04:00) - Why did you choose multifamilies in your life? (07:50) - Finding a mentor (10:47) - Hiring a professional broker: Know what you want and be patient (16:50) - How to find the right broker for you (20:03) - The current trends in the multifamily business (23:53) - Renting in Miami: What trends are you seeing? (27:55) - Some tips on how to evaluate an area (29:38) - The most difficult deal (33:05) - Advice for transitioning from being an investor to working in multifamilies as a broker (37:00) - What does financial freedom mean to you?

This time I'd like to tell you about some of the lessons I had to learn the hard way while working in the multifamily industry. Nobody prepared me for many of the situations that I'd face, especially when having properties located in other cities and states. These are the kind of things that you only learn while working in the field, so now I'd like to share them with you. If you're interested in learning more about multi-family and the topics that we talked about here, just give me a call. Reach out to me! Let's chat and let me help you underwrite your deal, or let me help you understand how you're feeling about this industry and what questions you have. You can reach me at abiel@abielballesteros.com Thanks and see you soon.

Welcome The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Winston Schofield, full-time investor in multifamilies with just over 500 units under management. Winston has a strong background in asset management and operations, and has now established the Jorjew Group with a team of commercial real estate professionals, where they focus on stable assets where they can re-develop properties. Today we will discuss how to recognize great opportunities, and why identifying whether or not there is a demand for housing is key before investing. We will also touch on the current state of multifamilies and why multifamily housing isn't going away anytime soon. All this and much more, up next. Bullet points (01:10) - Introducing Winston Schofield (01:47) - Winston's background: Getting into real estate (04:15) - Transitioning from flipping homes to multifamilies (08:17) - The first big GP multifamily deal (09:38) - Discovering deals and building relationships: The Augusta deal (13:26) - Identifying a great opportunity (14:38) - What upgrades do you need to do to the units to get a bump up on rent? (16:25) - Identifying if there is a demand: Looking at migration patterns (17:30) - The most difficult deal (21:21) - The state of multifamilies (25:13) - What is one of your biggest failures and what did you learn from it? (26:47) - What advice would you give to your younger self? (30:18) - What does financial freedom mean to you? (31:54) - Managing small vs big assets (34:16) - Where to find out more

Hello, I'm Abiel Ballesteros and today I like to share with you the top 5 cities to buy multifamily real estate in 2021. This is our own selection, based on population, migration trends, employment levels, local or state taxes, and our own experiences investing in multifamily properties, plus some other factors. So hear me out: There are many different variables playing in the economy right now. Some people are leaving cities and states due to high taxes, unemployment and because they want to be closer to their families. On one hand, many sectors of the economy are being reactivated after the Covid-19 crisis, and people are returning to their full-time employment. The interest rates remain low, so debt is still cheap. The government keeps taking measures and pumping money into the economy to try to stabilize it. We are seeing a shortage of housing inventory that is pushing prices up. Many regions of the United States are experiencing huge booms in demand and the price of homes is rising sharply as a result — higher than the rate of inflation. As a result of this, many potential buyers can no longer afford to buy. So, more people will have to rent instead of buying or will have to delay their plans for buying. All these factors are beneficial to the multifamily industry because more people will be renting for the time being. For example, it was recently reported that in some areas of the United States, people earned more via appreciation of their homes than from their salaries in the past year. And this was the year of the coronavirus crisis!! Also, there have been recent migrations of people from “high tax states” like California or new york, to tax-friendly states like Florida. Keep in mind that real estate is very local. You need to understand each local market before considering an investment because the economy of the whole country does not necessarily reflect the status of each local market. So, let's take a look at five cities to invest in 2021...

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today's guest is Tony Engel, Chief Operating Officer for Sundance Property Management, where he has 8,500 units under management. Tony specializes in repositioning properties and is responsible for all the business development, acquisitions and capital improvements for Sundance. Today we will discuss how to find the right partner for property management and when to reach out to a property management company. We will also touch on acquiring and renovating Multifamilies, plus setting the rental price that's right for your property. All this and much more, up next. Bullet points 01:14 - Introducing Tony Engel 02:07 - The first real estate experience 05:45 - The first acquisitions 08:20 - Joining a team: getting into renovations and rentals 11:46 - Selling to investors 13:02 - Property management 16:39 - Finding a partner for property management 20:05 - Acquiring and renovating multifamilies 22:56 - The most difficult deal 25:32 - When to reach out to a property management company 28:57 - Setting the right rental price 30:14 - Advice for people getting started 32:08 - What does financial freedom mean to you? 37:00 - Where to find out more

A lot of people come to me to ask me how to find real estate multifamily deals? And I'm talking LARGE multifamily deals. So let me tell you how we do it here at SAR Apartment Capital. Listen to know the basics of this business and how we do it. If you're interested in what I explained or have questions on how we do it; or just want to bring us a deal that we could do a joint venture, contact me. I am always open to joining up and looking at deals. As I said, we have done some recent deals coming from other syndicators that worked out well. We're always open to here at SAR apartment Capital so call me, drop me a line, follow my social media, or go to my website AbielBallesteros.com. See you soon, Abiel

Welcome to the fourth episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Doron Rice, an architect, project manager and real estate investor now focusing on multi families. Today we will discuss how much you should focus on design, plus we will give some tips for investors designing units for multifamilies. All this and much more, up next. 01:05 - Introducing Doron Rice 01:45 - Getting started in architecture and design 03:40 - What was like working on the 5th tallest building in the world 05:45 - Communicating remotely 07:35 - Working on a new project in Manhattan 08:55 - Getting into investments 11:45 - Jumping from single family to multi families: the importance of networking 16:15 - What does financial freedom mean to you? 22:20 - How we met 23:43 - The first deal 27:20 - Designing amenities 30:27 - Designing a lease office 32:00 - Advice for investors designing units for multi family 39:50 - What is the most difficult deal you had to fix? 42:50 - What is one of your biggest failures and what did you learn from it? 48:20 - How to reach out Doron Rice