Podcasts about C class

Like many other markets, the Dallas-Ft Worth market got oversaturated with new apartments over the last couple years. As the torrent job and population growth continues to flourish, however, new supply is getting absorbed, even C Class properties. Occupancy in these buildings is increasing because there's a shortage of workforce housing. The key is being able to manage these properties effectively. Jimmy Edwards, Founder and Director of Acquisitions at High Five Group, has excelled at repositioning Class C assets. 

On this episode of the Best Ever CRE Show, Slocomb Reed interviews Stan Remling, co-founder of Follow the Deal Investing. Stan shares his journey from W-2 employee to multifamily investor, focusing on value-add properties in Indiana and Michigan. He explains their strategy of targeting cash-flowing properties from day one, discusses their transition from small multifamily to larger complexes in the 30-70 unit range, and reveals how they've grown to over 700 units since 2020. Stan candidly shares lessons learned from unexpected renovation challenges, including water intrusion and termite damage discovered after purchase, and how they're adjusting their acquisition criteria based on these experiences. He also discusses their financing approach, including returning investor capital through refinancing, their property management company structure, and why they sometimes choose to sell rather than refinance challenging properties. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of Next Level CRE, Matt Faircloth interviews Bruce Fraser, co-founder of Elkhorn Partners. Bruce shares his strategy of focusing on underperforming C-Class multi-family properties in markets with strong affordability metrics rather than chasing trendy investment hotspots. He explains how his team identifies distressed assets with significant upside potential, handles property security and crime issues, navigates specialized financing options, and creates value through strategic improvements. Bruce also provides his macroeconomic outlook, discussing inflation trends, interest rates, and why he believes hard assets like multi-family real estate provide protection against dollar devaluation. Sponsors: Vintage Capital Capital Gains Tax Solutions Learn more about your ad choices. Visit megaphone.fm/adchoices

Consistency? Stuck in C Class? Not Reaching Your Goals? Middle Of The Pack? Fast and Sloppy? Slow And Accurate? I have learned how to fix these things forever!

Joined by long-time RaiseMasters member Melvin Landry, we discuss his journey from a 9-to-5 professional to an active and passive real estate investor. Melvin shares insights into navigating the challenges of raising capital in today's market, executing a successful mobile home park deal, and building strong relationships with housing authorities in Pittsburgh. Tune in to this episode for insights on scaling in challenging markets! Resources mentioned in the episode: Melvin Landry Facebook LinkedIn Website Interested in learning how to take your capital raising game to the next level? Meet us at Capital Raiser's Edge. Learn more here: https://raisingcapital.com/cre

Jill and Tom opened the show by addressing the bombshell announcement that Honda and Nissan are merging. The hosts share their thoughts on one of the largest corporate mergers in automotive history. Also discussed was Ram's decision to delay launching the all-electric Ram REV pickup, and push up introduction of the Ramcharger extended-range electric truck. The Ramcharger operates on electric power alone, until the battery is depleted, and then charges the battery via an on-board gasoline engine. The Ramcharger is targeted at EV intenders worried about range. Jill shared her impressions of the Mercedes-Benz AMG C63S, a high-performance variant of the brand's popular C-Class sedan. In the second segment, the hosts welcome Ryan Decker of EV start-up Scout Motors to the show. Ryan discussed the company's launch plans, including details regarding its firsts products, the Terra pickup, and Traveler SUV. Per Ryan, U.S.-built Scouts should see delivery as early as 2027. In the last segment, Jill is subjected to Tom's “Is it a 2.0-Liter?” quiz. To wrap up the show, Tom shared his concerns about an emerging trend, dealership service/repair financing. 

Mercedes-Benz had a problem: convertible and coupe variants of almost every car model. While this is good for folks that want an S-Class coupe, or a C-Class cabriolet, it does add complexity to the portfolio. While more options are always better for the end-user, the Mercedes-Benz is shrinking some of its coupe and convertible options and rolling out a one-size-fits-all replacement. Cleverly dubbed the CLE-Class, this cabriolet or coupe-only machine fills the void from its C and E-Class stablemates and still gives Mercedes-Benz shoppers a comfortable, stylish cruiser. Powering the base-model CLE 300 is the 2.0-liter turbocharged I4 that makes 255 hp and 295 lb-ft of torque. Stepping up to the CLE 450 nets you the ‘Benz mild-hybrid 3.0-liter I6 that cranks power up to 375 hp and 369 lb-ft of torque.    On this episode of Quick Spin, Autoweek executive editor Tom Murphy hops behind the wheel of the 2024 Mercedes-Benz CLE 450 and puts it through its paces. Murphy takes you on a guided tour of the CLE 450 and highlights some of its features before taking you along on a live drive review. Adding to these segments, Murphy chats with host Wesley Wren about the Mercedes-Benz CLE, its place in the ‘Benz lineup, and why it exists. Closing the show, the pair break down what makes the CLE 450 special.

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GB2RS News Sunday the 15th of September The news headlines: The RSGB is looking for its next Youth Champion Success for an RSGB member at the IARU ARDF Championship Today is the last chance to book early bird tickets for the RSGB Convention The RSGB is looking for its next volunteer Youth Champion. This could be one role or split between people who focus on different aspects of it. The Youth Champion will work closely with RSGB Board Liaison Ben Lloyd, GW4BML and the RSGB Outreach Team to ignite interest and develop links with schools, universities, Scouts, Guides and the general public. They will also help to support current young amateurs and motivate them to try new things within amateur radio after they gain their license. This role needs someone proactive, good at building relationships with young people, and passionate about inspiring the next generation of radio amateurs. For the full role description go to rsgb.org/volunteers  and if you would like to apply or find out more, contact Ben Lloyd via gw4bml@rsgb.org.uk The 24th IARU Region 1 ARDF Championships in Bulgaria saw an RSGB member on the podium. David Williams, M3WDD took the silver medal position in the M60 category of the 144MHz Classic five-transmitter race at the Championships held at Primorsko, Bulgaria earlier this month. David had come so very close to winning being only 14 seconds behind the winner Jozef Simecek of Slovakia. There were four races altogether. The week of competition started with the Sprint race on 80m followed the next day by the 2m five-transmitter Classic race for the M60 category in which David did so well. A well-earned rest day followed and after that came the 80m five-transmitter race. The week ended with the Foxoring event, a combination of direction finding and orienteering, again using the 80m band. You can see the results in full, and read more about ARDF, at rsgb.org/ardf Don't forget that the RSGB Convention early bird price ends today, Sunday the 15th of September. There's a range of great presentations planned, a fantastic microcontroller workshop to take part in, as well as all the fabulous social opportunities to enjoy like the Gala Dinner. Go to rsgb.org/convention to find out more and book your tickets. Have you ever tried LoRa? Or Node Red? Have you used the Raspberry Pico for coding or played a Morse game with an Arduino? These are just some of the great activities on the RSGB's website that are available for National Coding Week which begins this Monday, the 16th of September. Whether you fancy doing something different for a club night or would like to sample something new just for fun, there's an activity to inspire you! You could even try combining your love of amateur radio with the software interests of a young family member. The RSGB is offering nine activities this year so head over to rsgb.org/coding  and get involved. The next Bletchley Park 1940s weekend is taking place on the 21st and 22nd of September. If you are visiting for the event, make sure you drop into the RSGB National Radio Centre where you'll be able to see several World War Two receivers on display. Don't forget that RSGB members can get free entry to Bletchley Park, which also includes admission to the RSGB National Radio Centre. You can access this fantastic offer by logging into the RSGB membership portal via rsgb.org/members and selecting ‘Visit Bletchley Park'. Don't forget that National Hamfest 2024 is coming up on the 27th and 28th of September and promises to be an unforgettable celebration of all things amateur radio. As always, the traders and manufacturers are lining up to bring you the best in amateur radio equipment and accessories. Many exhibitors will be offering exclusive deals, making it the perfect time to upgrade your gear or add new items to your shack. For more information and to purchase your tickets, visit nationalhamfest.org.uk  And now for details of rallies and events The Broadcast Engineering Museum near Gainsborough in Lincolnshire is new and a work in progress, so it only opens a few days each year. Today, from 11 am to 4 pm, the Museum is having an open day. The Museum contains a vast collection of historic broadcasting equipment and memorabilia, some restored and working, on display in a former RAF sergeants' mess. Free parking is available on-site. For more information email contactus@becg.org.uk or visit becg.org.uk The British Vintage Wireless Society is holding a swap meet and auction today, the 15th at the Weatherley Centre, Eagle Farm Road, Biggleswade, Bedfordshire, SG18 8JH. Stallholders can gain entry from 9 am. Admission for visitors will be available from 9.30 am for £8. The auction starts at 12.30 pm and hot and cold refreshments will be available all day. For more information visit bvws.org.uk or email Jeremy Owen, G8MLK at secretary@bvws.org.uk The  East Midlands Ham and Electronics Rally is taking place on Saturday the 21st of September. The venue will be Beckingham Village Hall, Southfield Lane, Doncaster, DN10 4FX. The doors will be open for visitors from 9.30 am until 4 pm and admission will cost £3 per person. Disabled access will be available from 9.15 am. For more information, including booking and contact details, visit g0raf.co.uk/rally Weston Super Mare Radio Society Radio and Electronics Rally will take place on Sunday the 22nd of September from 10 am. The venue will be The Campus Community Centre, Worle, Weston super Mare, BS24 7DX. For further information and to book a table email westonradiosociety@gmail.com Now the Special Event news To celebrate the G-QRP Club's 50th anniversary special callsign G5LOW, and all its regional variants, will be QRV until the 30th of September. In addition, several overseas stations will be joining in with the event. For more information, including details of commemorative certificates that will be available for chasers, visit tinyurl.com/GQRP50 Advance notice now that during October and November, special callsign PZ5JT will be back on the air from Surinam during the jungle training of the Royal Dutch Army and Marines. The station is operated by personnel from the signal regiment and they will be working on the 40, 20, 17, 15 and 10m bands using SSB. Operators will be using in-service military L3Harris radios from different locations and will welcome your call. Now the DX news Carl Gorse, 2E0HPI will be operating from multiple locations for the Parks On The Air scheme around the Lancashire area from tomorrow, the 16th, to Friday the 20th of September. He will be using Yaesu FT-857d and Xiegu G90 transceivers with 20W. Listen out for Carl on all bands from 160 to 10m using FT4, FT8 and SSB.  Maxim, OH7O will be active as 3D2YY from Viti Levu, OC- 016, on Fiji until the 19th of September. He will operate mostly SSB and some slow CW on the 40 to 10m bands, and possibly the 80m band, from different locations around the island. See QRZ.com for more information. Now the contest news Today, the 15th, the 70MHz Affiliated Societies Contest runs from 0900 to 1200UTC. Using all modes on the 4m band, the exchange is signal report, serial number and locator. The Worked All Europe DX SSB Contest started at 0000UTC on Saturday the 14th and runs until 2359UTC today, Sunday the 15th of September. Using SSB on the 80 to 10m bands, where contests are permitted, the exchange is signal report and serial number. Today, the 15th, the UK Microwave Group 24 to 76GHz Contest runs from 0900 to 1700UTC. Using All modes on 24 to 76GHz frequencies, the exchange is signal report, serial number and locator. Also, today, the 15th, the IRTS 70cm Counties Contest runs from 1300 to 1330UTC. Using SSB and FM on the 70cm band, the exchange is signal report, serial number and locator. Irish stations also give their county. The IRTS 2m Counties Contest is also taking place today, the 15th, from 1300 to 1500 UTC. Using SSB and FM on the 2m band, the exchange is signal report, serial number and locator. Irish stations also give their county. Also today, the 15th, the British Amateur Radio Teledata Group Sprint PSK63 Contest runs from 1700 to 2100UTC. Using PSK63 on the 80 to 10m bands, where contests are permitted, the exchange is your serial number. Tomorrow, the 16th, the RSGB FT4 Contest runs from 1900 to 2030 UTC. Using FT4 on the 80 to 10m bands, the exchange is your report. On Tuesday the 17th, the 1.3GHz UK Activity Contest runs from 1900 to 2130 UTC. Using all modes on 1.3GHz frequencies, the exchange is signal report, serial number and locator. On Thursday the 19th, the 70MHz UK Activity Contest runs from 1900 to 2130 UTC. Using all modes on the 4m band, the exchange is signal report, serial number and locator. On Sunday the 22nd, the Practical Wireless 70MHz Contest runs from 1200 to 1600UTC. Using all modes on the 4m band, the exchange is signal report, serial number and locator. Now the radio propagation report, compiled by G0KYA, G3YLA, and G4BAO on Thursday the 12th of September 2024 Last week showed that HF conditions are improving as we head into the autumn. With a solar flux index still above 200, there was plenty of DX available to work. CDXC members reported working VP6WR on the Pitcairn Islands, KH8T on American Samoa and 3D2USU on Fiji, which is not a bad catch for early September. A little closer to home, 9A168TESLA in Croatia has been popping up for short periods celebrating the 168th anniversary of the birthday of electrical pioneer Nikola Tesla. Watch DX Summit closely for operating times. The daylight maximum useable frequency, or MUF, over 3,000 kilometres remains above 28MHz on the whole, although a raised Kp index tends to reduce this. Geomagnetic conditions remained relatively calm with the Kp index below 3 all week. That changed on Thursday the 12th as material from a coronal mass ejection, or CME passed the ACE spacecraft in the early hours. The solar wind speed increased to more than 500 kilometres per second and the Bz swung south. On Thursday the 12th, the Kp index was 5 and the Met Office Space Weather department was forecasting potentially unsettled conditions for this weekend, ending today the 15th. At the same time an X-class flare occurred, with lowered MUFs due to increased D-layer absorption. Two large coronal holes on the Sun's surface are also now Earth-facing and threaten to add to the solar wind this weekend. According to NOAA's predictions, the solar flux index should stay in the 210 to 225 range next week, although a large number of spots are about to rotate off the Sun's visible disk. This may be compensated by an active region that's about to rotate into view. This has been emitting C-Class and lower-level M-flares and could potentially be the same region that produced several energetic eruptions off the far side of the Sun over the past week. Time will tell. And now the VHF and up propagation news from G3YLA and G4BAO The heavy showers at the end of last week produced some good rain scatter, but no QSOs in the UK were noted due to the showers not coinciding with GHz contests and few suitable home stations were active to take advantage of them. After a gradual build-up of pressure over this weekend, ending the 15th, high pressure is suggested by most models during the coming week. However, there is some uncertainty about the position of the high.   Currently, models are favouring the north of Britain and this means that in the south, although still on the edge of high pressure, there could be a brisk northeasterly breeze, which may weaken the inversion prospects. It's not clear if the Tropo will be functioning in time for the 70MHz Affiliated Societies Contest today, the 15th, but should be helpful for the 1.3GHz UK Activity Contest on Tuesday the 17th and the 70MHz UK Activity Contest on Thursday the 19th. Solar conditions are still likely to offer the chance of the occasional elevated Kp index, which is a good sign of possible aurora. It will be interesting to see how things evolve this weekend, ending the 15th, as a series of expected CMEs are due to reach Earth.  The amateur bands between 10m and 2m are the ones to check as well as looking out for ‘watery' sounding signals on the HF bands. Remember it doesn't have to be dark for radio aurora, so don't wait for dusk before checking. Meteor scatter is mainly down to random activity in the coming week. However, with the September Epsilon Perseids stream still active until the 21st, having peaked on the 9th, conditions may be slightly enhanced. For EME operators, Moon declination is negative but rising and going positive again on Wednesday the 18th. Moon visibility windows will continue to rise while path losses decrease as we approach perigee on Wednesday the 18th. 144MHz sky noise is moderate for the whole of next week. And that's all from the propagation team this week.

Eric Chadderdon, founder and managing partner of Gibby's Capital Investments, discusses the changes in the multifamily real estate market in Texas over the past few years. He talks about the challenges of rising property insurance costs and the impact of new multifamily developments hitting the market at the same time. Eric shares how his investment criteria have changed, focusing on B+ and A- assets in newer markets. He also emphasizes the importance of building relationships with brokers in multiple markets and being open to new opportunities. Eric Chadderdon | Real Estate Background Gibby's Capital Investments Based in: Houston, TX Say hi to him at: Instagram Facebook LinkedIn Sponsors: Apartments.com

Steven Weinstock, Principal of WE Capital LLC, is a seasoned real estate professional with nearly two decades of experience. Since his first investment in 2001, Steven has built a diverse portfolio focused on multi-family assets, leveraging his strategic expertise to maximize property value and deliver consistent returns to investors. His commitment to transparent and communicative relationships ensures investors are well-informed throughout their investment journey. Based in Brooklyn, NY, Steven has successfully executed strategic initiatives across multiple states, including Ohio, Kentucky, and Texas. Beyond real estate, Steven is dedicated to his community, actively volunteering alongside his wife and seven children, embodying the values of integrity and excellence that define WE Capital LLC.   In this episode, we talked to Steven about the importance of patience in investing endeavors, identifying the right partner, his decision-making process while investing in other markets, how he manages c class assets that are further away from where he's located, and much more.   Announcement: Learn about our Apartment Investing Mastermind here.   Multifamily Investment;   02:16 Steven's background; 03:11 Patience in investing; 10:09 How to identify the right partner; 14:31 Steven's decision-making process while investing in other markets; 19:18 How he manages C class assets that are almost 500 miles away; 23:28 Hiring a property management company vs. an on-site manager; 28:27 Round of insights       Announcement: Download our Sample Deal package here.   Round of Insights   Apparent Failure: Mistakes in earlier endeavors, e.g. not doing background checks on new tenants. Digital Resource: Podcasts. Most Recommended Book: Rich Dad Poor Dad. Daily Habit: Praying every morning and spending time with family before work. #1 Insight for scaling a multifamily portfolio: Finding the right partner to work with is key. Best place to grab a bite in NYC: Essen NY Deli.   Contact Steven: Website: https://www.wecapitalx.com/    Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

In this Ask Me Anything episode, three main questions from Patreon supporters are addressed. Topics include the new class of C wing 2-Liners with insights from SIV expert Malin Lobb, tips for a first bivvy in the Alps, and advice on assessing readiness for big challenges such as new lines or expeditions.

This episode of Power Talks dives into the world of AI and personalization with Samuel Kamugisha, a brand and growth marketing strategist with extensive experience working for global agencies. Samuel discusses his role at Team X, a specialized agency created by Omnicom to manage Mercedes-Benz's digital ecosystem across multiple markets. He explains how website and Media Personalisation is used to tailor customer experiences and improve overall customer engagement. The conversation explores the impact of AI on project management and workflows. Samuel shares the specific AI tools he uses for research and content generation, while also acknowledging the limitations of AI use within large corporations. He offers insights on navigating the challenges faced by minorities in the tech industry and shares his career path that led him to his current role. Introduction (00:00 - 01:59) Speaker 00 introduces himself as Samuel Kamugisha, Senior Project Manager at Team X. Ssuna Ronald, the host, welcomes Samuel and acknowledges his past help. Samuel mentions his current work overseeing personalization projects for the Mercedes-Benz website across multiple regions. Speaker Introduction (01:59 - 04:17) Ssuna formally introduces Samuel and his role at Team X, an Omnicom Group agency focused on Mercedes-Benz's digital ecosystem. Samuel explains his daily tasks include managing projects and collaborating with international teams. Personalization and AI (04:17 - 09:57) Ssuna asks about personalization on the Mercedes-Benz website. Samuel explains how the website personalizes content based on user behavior (e.g., viewing a C-Class page) to provide a more relevant experience. The discussion moves to AI and its impact on marketing. Samuel believes AI can save time for those who know how to use it and disrupt industries over time. Samuel's AI Tools (09:57 - 11:58) Ssuna asks about AI tools used in Samuel's workflow. Samuel clarifies he doesn't use unauthorized AI tools for work purposes. He shares his personal favorites for research (Perplexity), image generation (Copilot), and text generation (Gemini). Comparison of AI Tools (11:58 - 14:09) Ssuna compares Gemini and ChatGPT, noting his preference for ChatGPT. Samuel highlights Gemini's advantages: The Future of Google and AI (14:09 - 17:42) Ssuna questions Google's future dominance in AI due to the rise of other players. Samuel suggests Google may struggle to compete due to: Layoffs and Company Strategy (17:42 - 23:31) Ssuna pivots to the topic of layoffs in tech companies. Samuel attributes layoffs to overhiring and product maturity. He emphasizes the importance of efficient processes and lean teams to avoid layoffs. Samuel suggests agency models experience fewer layoffs compared to tech companies. Samuel's Career Background (23:31 - 24:04) Briefly discusses his past experience at two other agencies in Malaysia before joining Team X Production Credits Executive Producer: Ssuna Ronald Sound Engineer: Gumisiriza Richard Script Writer: Chinwendu Opara Art Direction: Abdu Latif Okalang Powered By: (No Sponsor/Self funded) Connect via: ⁠⁠⁠LinkedIn⁠⁠⁠ & ⁠⁠⁠Instagram⁠⁠⁠ For Inquiries: ⁠⁠⁠emailpowertalks@gmail.com

Slotted below the C-Class, the Mercedes-Benz CLA expanded the Mercedes-Benz coupe and sedan lineup when it came onto the scene in 2013. Shrinking the styling of the Mercedes-Benz CLS-Class, the CLA-Class is a swoopy alternative to the statelier C-Class with a lower starting price. Building on its first generation, Mercedes-Benz rolled out the second-generation CLA-Class in 2019 and carried along the wild AMG 45 into the next generation. Splitting the difference between the fire-breathing AMG CLA 45 and the more subdued CLA 250 is the CLA 35. Powered by a 2.0-liter turbocharged I4, this CLA promises an AMG-enhanced powertrain that delivers 302 hp and 295 lb-ft of torque. That power travels through an eight-speed automatic transmission and into the 4Matic all-wheel-drive system. On this episode of Quick Spin, Autoweek's executive editor Tom Murphy hops behind the wheel of the 2024 Mercedes-AMG CLA 35 and puts it through its paces. Murphy takes you on a guided tour of the CLA 35 and highlights some of his favorite features. Later, Murphy takes you along for a live drive review. Joining these segments, Murphy chats with host Wesley Wren about the CLA 35, its position in the CLA lineup, and the Mercedes-Benz lineup, where it stacks up against the competition and more. Closing the show, the pair break down what makes the 2024 Mercedes-AMG CLA 35 special.

Over the past several years, as prices in multifamily have escalated, the greatest value has been in acquiring older, C Class assets with the highest returns. As interest rates have pushed prices down more recently, however, and the market normalizes, great opportunities are also emerging in newer vintage Class B assets that don't require as much work. Vadim Kleyner, CEO and Chairman of Smartland in Cleveland, is continuing to pursue lucrative Class C properties, but is also poised to take advantage of the course correction in B Class prices as well. Vadim has focused mostly on Northeast Ohio, but recently expanded to Miami, and is exploring other markets as well. 

Nothing pays off like tight geographic concentration and laser focus on one asset type. In multifamily, there are critical subtleties that vary by neighborhood that can make or break an investment if you don't know what they are. That's where intimate market knowledge pays off. Natasha Falconi, President of Falconi Capital, buys C Class properties in Hialeah and Miami Beach built from the 1940's and newer. Natasha buys buildings under market rent with deferred maintenance that she fixes up and brings to market. She's committed to turning ugly buildings into beautiful buildings and improving the communities she's investing in.

Even though average occupancy can be decreasing in a market, it doesn't mean a well-managed property needs to experience lower occupancy. If you maintain the property, communicate effectively with tenants, and handle maintenance issues promptly, you can far exceed the average market occupancy levels and also exceed average rents. Jimmy Edwards, Founder and Director of Acquisitions at High Five Group, has excelled at adding value and repositioning Class C assets and selling them for a large profit. Jimmy is currently looking for Value Add opportunities in the I 35 corridor between Dallas and San Antonio, but still not seeing enough price concessions to make most of these deals pencil.

Class C value-add projects are a rite of passage for most new multifamily investors. These assets generally have a lower barrier to entry than newer properties and promise higher returns. What most operators learn, however, is that these properties cost a lot more to operate than anticipated, and rent increases are harder to achieve than initially projected. That's why many operators advance to newer properties. Newer properties can be more profitable to run and can appreciate more because more buyers acquire newer assets. Geoff Kudlacz, Managing Partner of Pacific Sands Funds, owns over 700 C Class units across Kansas City, Texas, and California. With distress appearing in the market, Geoff and his partners are pursuing properties built in the early 2000's and newer. 

Many multifamily operators avoid C Class properties built in the 70's or 60's in tougher neighborhoods. These properties often have issues with crime and delinquencies, not to mention deferred maintenance. In the past, these properties were priced low enough to justify the risk and the work involved to make them highly profitable. In the past few years, however, newer operators paid too much for these properties and incurred aggressive floating rate debt that will be difficult to refinance.  Many of these operators are now in trouble.  As a result, prices have declined 30% and even more. Matt Faircloth, Owner of the DeRosa Group, has developed a formula for acquiring and managing Class C properties, and is positioned to flourish as prices continue to plummet even further in the next couple years. 

Today, my guest is Frank Xia. Frank is an ex engineering director in tech startup where he specialized in pricing and decision making. He is passionate about AI and investing in real estate and alternative assets. And in just a minute, we're going to speak with Frank Xia about deal underwriting and raising capital for B and C Class multifamily deals in Dallas, Texas. 

Welcome back to another episode of the Richer Geek podcast, we have Charles Carrillo. He's the founder, and managing partner of Harborside Partners, he has been actively involved in over $200 million worth of real estate transactions since 2006. That is a lot of stuff, and under 20 years, he carries extensive knowledge and renovating, and repositioning multifamily, and commercial real estate. And he also invests in ATM's early-stage tech. And we'll get into some of that. In this episode, we're discussing… • [1:36] Charles Carillo's Background Started investing in real estate in 2006, initially with a three-family house, followed by various residential and commercial properties. Actively involved in renovating and repositioning properties, particularly in multifamily and some commercial real estate • [4:37] House Hacking Charles explains house hacking, a strategy where you live in one unit of multifamily property and rent out the others. Recommends utilizing FHA loans for 3-4 unit properties with a low down payment. Emphasizes the financial benefits of living almost rent-free while building equity • [7:15] Lessons from Self-Managing Charles discusses the challenges of self-managing lower-class properties. Stresses the importance of buying better properties in better areas for long-term success. Highlights the significance of treating tenants fairly and building good relationships for successful property management • [11:09] Pros and Cons of Self-Management Charles talks about transitioning from self-management to third-party management. Advocates for finding a balance, utilizing third-party management for operational efficiency while still being hands-on with key decisions. Emphasizes the value of building relationships with reliable contractors, especially handymen. • [17:27] Scaling and Transition to B-Class Properties Charles shares the pivotal moment of transitioning to B-Class properties from C-Class for better resilience, control, and predictability. Underlines the significance of having a solid management system and the ability to scale when working with investors. • [18:08] Importance of Personal Project Experience Advises against jumping into syndications without personal project experience. Encourages investors to gain hands-on experience, learn from mistakes, and prove their ability to manage properties effectively before seeking investor funds. • [20:46] Minimum Viable Product (MVP) Charles recommends having a minimum viable product and showcasing a successful self-funded project before pursuing syndications. Stresses the value of demonstrating competence to potential investors through personal experience. • [23:27] Where to Find Charles Carillo Charles provides information on how to connect with him. Website: Harborside Partners • [24:56] Podcast and Coaching Charles hosts a podcast with strategy and interview episodes available on the website. Offers coaching services, providing one-on-one guidance. Resources from Charles Harborside Partners | YouTube | Facebook | Charles Carillo LinkedIn | Charles Carillo Facebook | Instagram   Resources from Mike and Nichole Gateway Private Equity Group | Nic's guide

雖說農曆中的"青龍年"還要半個月後才會到來，但中古車市場似乎已經被這股即將到來的凌厲刀風所砍傷，除了先前的格下調修正還在進行中，從入門的國產小車到超跑均有著不同程度的修正，不過最近中古市場中的W206、也就是現款C-Class則有著不少的庫存，難到是C-Class的光環正在消退中？另外，這股價格下調修正潮到底到什麼時候？來聽黃總的精闢解說！

Taylor is a multifamily & self storage syndication investor, having acquired or partnered on $250 million in commercial real estate assets. He hosts The Passive Wealth Strategy Show, a podcast dedicated to teaching high earners how to build streams of wealth and cash flow with real estate. *DISCLAIMER - We are not giving any financial advice. Please DYOR* (00:00 - 2:30) Opening Segment - Taylor is introduced as the guest Hosts - Taylor shares something interesting about himself (02:30 - 25:32) Optimal Multifamily class for investors - A, B, and C Class multifamily - why did Taylor switch from C class to B class investing? - How can investors invest in real estate without the headaches of dealing with tenants, toilets and termites? (25:32 - 29:53) Fire Round - Taylor shared if she would change his investment strategy - Taylor also shares his favorite Finance, real estate book, or any related book - Also Taylor shared about the website and tools that he can recommend - Taylor's advice to beginner investors - Also shared how he gives back (29:53 - 30:39) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Wealth Matter's YouTube channel ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠and you can reach out to Alpesh using this ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠link⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Check us out at: Facebook: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@wealthmatrs⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠IG: @wealthmatrs.ig⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tiktok: @wealthmatrs⁠⁠⁠⁠⁠

Stacey's incredible journey began when she lost faith in a system that criminally underpaid nurses. Determined to reclaim her power and take control of her financial path, she taught herself how to find and land great real estate investments. In just 18 months, she achieved an impressive milestone of acquiring eight doors by purchasing four duplexes in Florida, all funded on her dime. In this episode, we discuss the power of house hacking and Stacey's experience rehabbing C-Class properties. She also talks about overcoming challenges every investor goes through analysis paralysis, the importance of “speed to lead”, handling contractors, and raising tenant rent. Stacey also discusses her expertise in the exciting field of commercial real estate.   As Stacey rapidly approaches her FI number, she shares how anyone can escape the 9-5 grind and set a realistic course for financial independence through real estate investing. This episode is a treasure trove of insights for aspiring and long-term investors, which you won't want to miss! PODCAST HIGHLIGHTS:[6:05] Stacey's Start With Financial Independence [11:30] Saving Smart Through Renting [16:00] Overcoming Paralysis Analysis [22:10] Diving Into Stacey's Bold First Deal[26:30] What Is Estoppel in Real Estate? [34:27] Unlocking Efficient Property Management With Hemlane [37:34] On Renovating C-Class Properties [42:55] Achieving Passive Income [50:20] Getting Started With Commercial Real Estate [54:20] How Stacey Is Getting to Her FI Number [57:00] Best Piece of Advice for Investors HOSTS   Craig Curelop   

In this week's solo episode of the KCREatingwealth Podcast, I wanted to chat about why “C” Class multifamily and the pro's and cons of that flavor of multifamily in comparison to A, B, & D class. I am a very large proponent of C class value add multifamily, and it is a dominant focus for us on our travels when sourcing deals to collaborate with you all on!   ***Please visit our website to learn more about us and the power of syndications! *** https://kcreatingwealth.com ***Join our “KCREatingwealth Together” Facebook group to collaborate with tons of likeminded investors from all over and help each other change our lives for generations!*** https://tinyurl.com/ycerv4ra Follow me on social! Instagram: @Kyle.kcreatingwealth, @KCREatingwealth Facebook: @Kyle Curtin Linkedin: Kyle Curtin Biggerpockets: Kyle Curtin What equipment do I use? Blue Yeti USB Microphone: https://tinyurl.com/5n966aty DISCLAIMER: I or any guests being interviewed on “The KCREatingwealth Podcast” are not responsible for any investment decisions that you make or capital losses incurred. We are not licensed tax professionals or any form of wealth advisors unless particular guest happens to be as such, and all investment decisions should not be made without receiving advice from a licensed professional.

Welcome to another captivating episode of the Multifamily Wealth Podcast! Today, we're diving into a conversation with Gabe Bodhi, a seasoned multifamily investor hailing from Denver. Gabe's impressive portfolio spans over 700 units, and he brings with him a wealth of knowledge honed during his Wall Street career. In this episode, we explore Gabe's unique perspective on risk in the real estate sector and how it shapes his investment decisions.You'll gain valuable insights as we dissect his business strategy, particularly his transition from C-class to other multifamily sectors. Gabe's eloquence in discussing risk analysis, deal underwriting, and market dynamics will leave you with a fresh perspective on multifamily investing. This episode is a must-listen, especially if you're seeking to expand your multifamily ventures or navigate the complexities of C-class investments. If you find this episode as enlightening as we do, please consider leaving a rating and review. Sharing the podcast with your network is also highly appreciated as it helps us reach a broader audience. Thanks for tuning in!Are you tired of competing with other buyers and waiting for brokers to send you deals? Want to learn exactly how you can find more discounted multifamily deals than you know what to do with? Click here:https://www.multifamilywealtheducation.com/offmarketAre you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Join here: https://alignedrep.com/investor-application/Connect with Axel:- Follow him on Instagram: https://www.instagram.com/multifamilywealth/- Connect with him on Linkedin: https://www.linkedin.com/in/axelragnarsson/- Learn more about Aligned Real Estate Partners: https://alignedrep.com/investor-application/Connect with Gabe:- Follow him on Twitter: https://twitter.com/gabebodhi- Learn more about Tekton Group: https://tektonre.com/

We are back after NC.

Transforming C-Class Properties into Profit: Ed Mathews' Approach in Multifamily Real Estate Welcome to another episode of The W2 Prison Break Show where our host Brian O'Neill sits down with real estate expert Ed Mathews to discuss the secrets of success in the multifamily real estate business. From flipping houses to managing large construction projects, Ed shares his journey and the lessons he's learned along the way. Whether you're a seasoned investor or just starting out, this episode is packed with valuable insights that can help you take your real estate business to the next level. Ed Mathews opens up about his unique approach to property management, emphasizing the importance of treating residents with respect and humanity. He shares his strategies for buying value-add C class properties and transforming them into profitable investments. With a goal of 1000 units by 2025, Ed's expansion into other regions and focus on class B properties offers a fascinating look into the world of real estate investment. What you will learn in this episode: Humanity in Property Management: Ed's philosophy of treating residents as human beings, not just tenants. Value-Add Strategies: How Ed buys and renovates C class properties to create profitable investments. Vacancy Rates: A comparison between typical vacancy rates and Ed's impressive 2-3% annual vacancy. Expansion Goals: Ed's ambitious goal of reaching 1000 units by 2025 and his expansion into Kentucky and North Carolina. The Real Estate Underground Podcast: Ed's podcast aimed at mentoring and educating aspiring real estate investors. Overcoming Fear: Ed's advice for those trapped in a W-2 job and longing for something more. This episode of "The W2 Prison Break Show" is a must-listen for anyone interested in real estate investment, property management, and personal growth. Ed Mathews' wisdom and experience provide a roadmap for success, while his down-to-earth approach resonates with listeners at all levels. Don't miss this opportunity to learn from one of the best in the business. Tune in, take notes, and take action! Get in Touch with Ed: Website: www.reupod.com and www.clarkst.com Facebook: https://www.facebook.com/ClarkStCapital LinkedIn: https://www.linkedin.com/clark-st-capital Book a Free-30 Minute Coaching Session with Brian O'Neill MORE FROM BRIAN: Download the FREE 5 Step Guide to learn Brian's 5 steps to jumpstart your W2 Prison Break! Connect with Brian on TikTok, Instagram, LinkedIn or Facebook Subscribe to W2 Prison Break on YouTube LINKS TO OUR PARTNERS: Grab Brian's Recommended Mic on Amazon Learn How to Get all the Money You Need to Fund Your Business with Fund & Grow Learn What Brian's Favorite Book is on Amazon

Show 132, Trent is back for another Moto Limited Show. On tonight's show, Blae Maitland is in studio after flying to Australia to race Coolum and clinch a C-class win. The first guest of the show is Eliiot Brothers Racing's Liam Adrews, the boys discuss his year, his injury, and getting the final 2 rounds done. And finally, Serco Yamaha's Luke Reardon chats to the boys about his return to racing, fatherhood, and Coaching. motolimited.au go and get the new merch now.  www.serco.com.au fisthandwear.com.au FLYRacing mpesuspension.com.au linkint.com.au qb4.com.au heatwavevisual.com.au @t.maher83 --- Send in a voice message: https://podcasters.spotify.com/pod/show/motolimited/message

When you operate in the market where you live, it reduces a tremendous amount of risk. It takes years to develop relationships and the historical perspective to have a block-by-block familiarity that stacks the deck in your favor. This intimate knowledge enables you to more easily find deals across asset types and identify great local partners to ensure success. Tyler Cauble, Founder of the Cauble Group, a boutique commercial brokerage firm in Nashville, has also done various development projects including value-add C Class suburban office, ground up townhomes, and more recently, large scale multi-use projects.

In the past several years, it got increasingly difficult to find the right deals in Real Estate, especially Multifamily. People were just paying too much across the board. In the past several months, however, the market has turned significantly with far less competition and many more distressed sellers, especially with C class properties. Amy Rubenstein, CEO of Clear Investment Group, has an incredible track record acquiring distressed C class properties 300+ units in secondary and tertiary markets and turning them around with consistent double digit and even triple digit returns for investors.

Harrison shares his strategy of buying run-down apartment buildings, in areas of the city that are improving.We talk about how he is making extra money by starting retail businesses in the commercial portion of the building.Harrison details how he's been able to buy and fix up the properties using very little of his own money.We also take a look at one of his deals and look at the rental income, mortgage payment, other expenses, cash flow, and how much equity he's created by fixing up the building.https://rentalincomepodcast.com/episode419

By ruthlessly managing expenses, you can make C Class properties profitable, but there are ongoing challenges and risks. Even after you've stabilized the properties, there are continual maintenance issues and expenses you can't accurately predict. Issues with outdated plumbing and electrical systems plus other issues erode net operating income. In addition, the possibility of further inflation and unemployment combined with rising expenses pose further risk. Jason Biak, Partner of Compounding Capital Group, has done a great job optimizing C Class assets despite these challenges in the Cincinnati market. Jason also anticipates prices on B class properties to gradually come down over the next several months. 

Even in deep recessions, Class B apartments are stable assets and generally withstand downward economic pressure. Class C apartments, on the other hand, pose significant risk because of unanticipated costs to repair and maintain these properties plus delinquencies that can exceed 20%. As a result of these Class C operational challenges plus higher interest rates, a lot of C Class operators are having major challenges right now that will end up as major losses for investors and operators. Mark Hamilton, Founder of Hamilton Zanze, one of the nation's top 50 multifamily operators, has been in the business almost 40 years and has seen many market trends and cycles. Mark remains bullish on multifamily and specializes in B to A- properties in secondary markets. 

As inflation has taken a big bite out of renter's pocketbooks, delinquencies on C Class apartments have increased, and prices on these assets have come down. In the next couple years, a lot of inexperienced operators who bought these properties and not significantly improved Net Operating Income, will have trouble getting extensions on their loans. This will result in great buying opportunities for experienced operators to acquire these assets at reduced prices. John Cohen, Founder and owner of Toro Real Estate, has done incredibly well in C Class properties in Columbus, Ohio and the Carolinas, and sold most of these properties over the last couple years. John has recently focused on ground up development.

來賓：健駒汽車負責人 郭老闆 主題：《守護夢想賓士》 節目時間：每週日 11:00-12:00 本集播出日期：2023.03.12 本集簡介： 當你努力了大半輩子，終於買入人生的第一台賓士。 接下來就是好好照顧這台寶貝的時候。 究竟新世代的賓士車款在保養使用上會遇到什麼樣的問題，我們又可以如何呵護愛車呢？ 在你天天跑車廠之前，我們已經邀請到專精賓士維修的 健駒汽車 郭老闆來到節目中。 告訴你預防車輛通病的方式。 讓你不必一再試錯，一次解決心頭痛。 ▶健駒汽車：https://reurl.cc/Q4XE32 ▶及時接收節目最新資訊，和我們討論最新汽車新聞，來Super夢想家 Super夢想家粉絲團：https://www.facebook.com/Alven.ufo Super夢想家 IG：https://instagram.com/cardream_alven?igshid=YmMyMTA2M2Y= ▶ 飛碟聯播網Youtube頻道http://bit.ly/2Pz4Qmo ▶ 飛碟聯播網FB粉絲團 https://www.facebook.com/ufonetwork921/ ▶ 網路線上收聽 http://www.uforadio.com.tw/ ▶ 飛碟APP，讓你收聽零距離 IOS：https://reurl.cc/3jYQMV Android：https://reurl.cc/5GpNbR ▶ Podcast SoundOn : https://bit.ly/30Ia8Ti Apple Podcasts : https://apple.co/3jFpP6x Spotify : https://spoti.fi/2CPzneD Google 播客：https://bit.ly/3gCTb3G KKBOX：https://reurl.cc/MZR0K4

True to the popular real estate quote, “Location, location, location,” savvy investors can benefit from property investing through high rates of return and significant tax benefits only if they know how to select their markets.In this second of a two-part series, Charles Carillo of Harborside Partners delves more into the long-term strategies he uses to sustain his growth in the industry. Discover what markets he prefers and the one factor that has contributed to his success. Key Points From This Episode:What are the leading industry indicators that he considers when investing?What are his thoughts with regard to today's employment statistics?How will the economy survive the recession?What are some important factors that he considers when underwriting deals today?How much of his investments does he re-invest?What's the one thing that has contributed to his success? Tweetables: “I'm looking for light value adds. And that's been what we've been working on over the last year or two.”“The average C Class tenant has less than $400 in savings. So just think of having their hours cut will dramatically delay when you're getting paid.”“You don't want someone paying rent by going to the payday loan. And so it's very important to buy in better areas.”“I personally rather make 10% or 12% on keeping it invested, and you keep all your tax benefits as well compared to just leaving it in the bank.”“You have to read into stuff and that's what I like to do and really realize what's happening.”Link Mentioned in Today's Episode:Harborside PartnersAbout Charles CarilloCharles Carillo is a managing partner at real estate syndication firm Harborside Partners. He has been actively involved in the company since 2006, overseeing all acquisitions, investor relations and strategic partnerships.He obtained a management and entrepreneurship degree from Central Connecticut State University.

Jennings Smith started his real estate investment journey back in 2013 and has amassed a diversified portfolio of apartment complexes, self storage, and mobile home parks. Aside from running his investment firm, Live Oak Capital, Jennings also runs a successful coaching program and is the host of the “Unlock Your Life” podcast.     Quote:  “The money is made in the operations and if you're not a great operator, that's going to show up.”   Highlights:   04:45: How Jennings transitioned from running a construction company to full-time investing 08:05: The difference between operating a mobile home park and a C Class apartment complex 15:15: The markets Jennings spends the most time in right now 17:40: How Jennings is managing his investments in the current market 20:45: Seller expectations of prices right now 23:00: Finding good C class deals  26:00: Handling property and asset management for multi-family properties   Guest Website: https://jenningssmithjr.com/   Recommended Resources:   Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

When it comes to underwriting, stick to your guns and don't compromise or you may regret it. Even when you make conservative assumptions, expenses tend to rise and occupancy and rents typically contract when the economy goes South. Despite your best attempts at conservative underwriting, there are always surprises. Tim Bates, Partner at Worth Commercial Real Estate in Ft Worth, has returned an investor level 38% IRR to his investors since 2105 by being incredibly disciplined with his underwriting and very patient with his acquisitions of mostly C Class apartment communities.

Today's guest is a former restaurateur turned real estate investor focusing on multi-family and now hotel conversions. In this episode, Dave gives us an insight that it is not always about the property's value or classification but whether or not the property is well-managed. Following good quality management practices and processes can help address the stigma around B and C class properties. As long as you are providing your tenant with good quality, safe housing and treat them well, what class your property is shouldn't be a cause for concern. 

Are you shooting USPSA or IDPA and are stuck in C class?  In this episode Luke Talks with Green Ops instructor and USPSA Master class shooter Rowdy about how to get out C class.  Its not the hardest task but you do need to follow these 3 tips to get to the next level.Rowdy is a multi-division Master shooter in USPSA, IDPA and Steel Challenge and has vast competition experience on multiple platforms in matches across the United States. He has trained with Bob Vogel, William Go of Academi, Chris White of Aegis Academy, Gunsite Academy and others. Rowdy has been on two seasons of the shooting competition television show “The Right Stuff” shown on The Blaze network.  Intro/Outro Music:A Wavy Night's Breath by Artificial.Music https://soundcloud.com/artificial-musicCreative Commons — Attribution 3.0 Unported  — CC BY 3.0Free Download: http://bit.ly/3OK8J7vMusic promoted by Audio Library https://youtu.be/dFQw1S0UeHYCheck out our YouTube:https://www.youtube.com/c/GreenOpsInc Follow us on Instagram:Green Ops - greenopsincLuke - Wreck_it_Luke

Join your host, Daniel Nickles, and guest, Brian Wagers, as they discuss how to scale passive investments. Brian shares his journey from doing stock market to realizing he wanted to invest more in something where he has more control. This awareness led him to real estate investment. He then narrated his real estate investment journey, from buying a single home and renting it out, to recognizing that he needed to scale to reach where he wanted to be in the fastest way possible. To know how Brian did it, tune in to this episode and enjoy! Outline of the episode: How he got into real estate How he learned how to underwrite and negotiate deals What's his current role within Elevate What does he see in the market in terms of deal flow? Why 100% bonus depreciation is essential for investors. Pivoting from C-Class to A-Class properties About Brian Wagers: Brian Wagers is a multifamily investor with both hands-on and hands-off experience. He grew his family's portfolio to 500 units before moving on to syndication, where he has now been involved in over $150,000,000 worth of apartment transactions & over 2,000 units through his experience as an owner and general partner. He now seeks to invest and help other high-growth professionals and business owners put their money in a tax-advantaged, risk-adjusted growth space that is multifamily. Connect with Brian Wagers here: Website:           https://www.elevatecig.com/ LinkedIn:          https://www.linkedin.com/in/brian-wagers-15527b70/ Instagram:        https://www.instagram.com/brianwagers/?hl=en   Catch The Two Smart Assets Real Estate Investing Podcast here: https://twosmartassets.com/ Catch Daniel Nickles and get a copy of the Passive Investors Handbook here: https://upstreaminvestor.com/  

The Mercedes-Benz C-Class might best be known for the fire-breathing 6.2-liter-powered, or 4.0-liter-powered C63 models, but the entry-level C-Class has filled the needs of compact luxury sedan owners for nearly 30 years. Entering its fifth generation, the eyes are still on the upcoming C63, but the base model still sticks with the C-Class's main objective: do it all. For '22, the C 300 sports a turbocharged I4 under the hood and sends 255 hp and 295 lb-ft of torque through a nine-speed automatic. That power hits the rear wheels, or all four wheels when optioned with the 4Matic all-wheel-drive system. This four-cylinder also features a 48-volt mild hybrid system to help squeeze out more fuel efficiency and extra low-end torque. On this episode of Quick Spin, Patrick Carone hops behind the wheel of the 2022 Mercedes-Benz C 300 to put the entry-level C-Class through its paces. Carone takes you around the C 300 to highlight its features before taking you on a live drive review. Adding to the conversation, Carone chats with host Wesley Wren about the latest Mercedes-Benz C-Class, its price and the advantage of driving a sedan. Closing the show, the two talk about what makes this new C-Class special.

Manifesting your dream life with guest C-Class of LetsGo4Life. C-Class speaks on where he started, where he is now & plans for the future. Created by Dyme Witherspoon and DymeDigital Media (Charlotte, NC), Embezzling Creativity was developed to help business owners & entrepreneurs to strengthen their business, mindset and wealth. Turn obstacles into opportunities. Subscribe to LetsGo4Life network: https://www.youtube.com/c/LetsGo4LIFE Become an official part of our community

This is an interview I did with George Roberts on his podcast, The Foundery. George and I discuss everything multfiamily related, especially why life is too short to own c class property.  For more information or to get started in multifamily investing, please visit: https://www.multifamilyinvestingacademy.com/.

  Mark Hamilton has considerable experience in partnership formations and operations, project planning and implementation, asset management and management oversight, landlord-tenant and rent-control issues, risk management, and zoning and building department matters. Prior to co-founding Hamilton Zanze in 2001, Mark owned his own commercial brokerage and investment business after starting in the San Francisco office of Marcus & Millichap in 1981. In 1988, he co-founded Property Resource Group (real estate brokerage) and Quantum Land Company (development). Mark's main focus has always been locating value-add properties in changing urban neighborhoods and then re-working them into higher-quality buildings with higher incomes, improved tenant profiles, and higher resale values.   Mark shares his insights into investors' mindsets focusing on growth and income and how one should commit to staying in power, Let's hear more from Mark in today's episode of How to Scale Commercial Real Estate.   Highlights:   [00:00 - 07:08] Opening Segment Mark Hamilton has been a player in the national commercial real estate industry for over 30 years and has accumulated $5 billion in assets under management. Risk has shifted over time, with interest rates and capital being the main drivers of change. Hamilton advises investors to sell when they believe they can get the same amount of money out at a later date, as rates of return are currently low.   [07:08 - 13:54] If You're An Investor, Your Focus Should be on Growth and Income How an investor's portfolio should serve their short-term, intermediate, and long-term interests. An investor's strategy should include a focus on growth or income, with a preference for income over growth if there is a fear of an impending recession. Since 1985, the focus of Hamilton Zanze Investors has shifted towards more of an income approach. Rates of return have gone back down in some markets and leverage has decreased, but cap rates are still moving upwards.   [13:54 - 20:52] Commercial Real Estate Investors Should Commit to Stay in Power The correlation between a B and C property that has held their value the best and suffered less capric compression. Having a growth or income strategy when investing in commercial real estate, and advises against investing in C-Class properties that are experiencing capric decompression. Mark recommends owning a C-Class property that is producing an incredible amount of income in order to be immune to market fluctuations."   [20:53 - 22:06] Closing Segment Reach out to Mark Hamilton See links below  Final words Tweetable Quote   “If you put financing on it, you're serving a master of paying off the debt. But other than that, your masters are generally a combination of growth and income.”  - Mark Hamilton   ----------------------------------------------------------------------------- Connect with Mark Hamilton by visiting their website at  www.hamiltonzanze.com     Connect with me:   I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook   LinkedIn   Like, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com   Want to read the full show notes of the episode? Check it out below:   [00:00:00] Mark Hamilton: For your own sake, commit to staying power. What's your staying power strategy, right? If you're starting out, what's your income gonna be? Do you have no need of an income? Do you have an income stream? Do you have a spouse that's bought in that provides enough income, but you gotta commit to staying power and that means your. [00:00:18] Mark Hamilton: Because you will want to eat and do the thing that I did this morning, which is get out of bed. You will wanna be able to do that every day and meet the challenges, right? [00:00:27] Intro: Welcome commercial real estate show. Whether you are an active or your real estate investing business into something big. [00:00:39] Sam Wilson: Mark Hamilton has been a player in the national commercial real estate industry. For more than 30 years, his main professional focus has been locating value, add properties in changing urban neighborhoods, and then reworking them into higher quality buildings and higher incomes, improved tenant profiles and higher resale values. [00:00:56] Sam Wilson: As of today, they have about $5 billion in assets, under management solicit somebody that we should absolutely pay attention to mark. Welcome to the.  [00:01:06] Mark Hamilton: Hi, Sam, thank you for having me. And thank you for the generous introduction nobody's ever called me a player before.  [00:01:14] Sam Wilson: well, I certainly appreciate you coming on the show today, mark. [00:01:17] Sam Wilson: There are three questions. I ask every guest who comes on the show in 90 seconds or last, can you tell me, where did you start? Where are you now? And how did you get  [00:01:24] Mark Hamilton: there? Okay. So, I started by accident. We can come back to that if you want. My wife and I purchased a duplex in, a very rundown duplex in San Francisco in 1985. [00:01:35] Mark Hamilton: And despite the agony of dealing with it the property made her mother cry. It was so rough. We, we kind of got bit by the. So for a solid 15 years or almost 15 years I practiced really only in San Francisco purchased. A few dozen small buildings that needed a lot of tender, loving care and heavy lifting. [00:01:54] Mark Hamilton: Eventually we started lost the ability to find the kind of yields that I wanted in San Francisco. So moved across the bay and moved to other parts of the bay area, Oakland Alameda, Hayward and then in 2001, I met Tony Zs who had a very institutional pedigree and career. To that point in time, it was good marriage. [00:02:11] Mark Hamilton: I was good at getting my hands into the dirt and getting my arms around deals. He had a lot of really valuable institutional experience that helped us kind of work both sides of the barbell . That was 2001. Our first deal was 16 units for a million, one 50 last year we acquired about a billion, one 50 in [00:02:30] properties. [00:02:30] Mark Hamilton: And so it's been as steady as you go experience, go show up, do the work every day. Be careful. You better love the work because you're gonna do a lot of it. And if you're lucky, you'll discover you're proficient at it. Primarily through being committed about it and putting your own skin in the game and then you'll draw good people. [00:02:46] Mark Hamilton: We've been really lucky to draw a really great group of investors and a terrific staff. And we're building for the long run through that staff. But when there's treasure and you spread it around, it tends to work.  [00:02:59] Sam Wilson: That is awesome. 16 units of 2001. [00:03:02] Sam Wilson: So that's 21 years ago. Now you are at 5 billion in assets, under management. What are some things as you review the last 21 years, how has risk shifted in the marketplace and how are you guys addressing that today?  [00:03:17] Mark Hamilton: I think it's shifted. I think the single biggest component that's changed risk has been interest rate movement interest rate movement Over the last 40 years, I'll refer to it. [00:03:25] Mark Hamilton: As the bond market as a bull run in the bond market, , rates were at 20 when I started my career last year. And when I say rates, it could be anything from the fed rate to the 10 year bond. What have you, but last year, , in the pandemic, the tenure bond went below two. [00:03:40] Mark Hamilton: Right. So when interest rates go from two to 20 and rates of return follow it means there's a huge amount of capital out there. Evermore each year, chasing assets. And so you build up a lot of value. So if that's a risk you gotta be aware that it could change interest rates could go back up. [00:03:53] Mark Hamilton: I think we're probably finally at that time where interest rates are gonna start going back up long term rates, 10 years out, five years out. I think they'll probably still come back down. But rates are a risk. And then if you've held assets during the bull run and, as, and as rates of return have gone down, you have a lot of made capital. [00:04:10] Mark Hamilton: And so you have to be careful about, honoring what you want from that capital and what you expect to get in terms of preservation and returns.  [00:04:18] Sam Wilson: When you say made capital, can you define that for me?  [00:04:21] Mark Hamilton: Sure. If you have a property and you buy it in a market that expects a 10% return, that means to induce take favor investors to come in and part with their cash. [00:04:32] Mark Hamilton: To take favor and they're expecting a 10% return, which, favor return we haven't seen in ages, but it makes the illustration easy. Favor have a million dollars of net you  [00:04:42] Sam Wilson: cannot  [00:04:42] Mark Hamilton: pure whether it's in a triple net lease property  [00:04:45] Track 2: episode  [00:04:46] Sam Wilson: cannot  [00:04:47] Mark Hamilton: pure or in an apartment  [00:04:50] Sam Wilson: cannot  [00:04:51] Mark Hamilton: But at the end of the day what goes into [00:04:54] Sam Wilson: cannot  [00:04:54] Mark Hamilton: financed? It is a 10%.    [00:04:58] Mark Hamilton: bucks, 10%. If a [00:05:00] million dollars is 10%, it means the value of the asset is $10 million. Right. Right. Cap rates. Haven't been at 10 in more than 30 years. Right. However they have recently been in the range of five But in a normal world, that would be the lowest they would go, but they haven't, they went even lower than that again, which means there's lots of cash chasing assets. [00:05:20] Mark Hamilton: Good value is hard to find, so people are paying up, but again, if you have a million bucks. Of pure income INI what's available after paying all your expenses. And now it's a 5% return market that asset's worth 20 million. The income's the same, right? The property's the same, nothing has changed. The only thing that's happened is valuation and the big drivers' valuation movement have been capital. [00:05:44] Mark Hamilton: Capital is for years, if not decades has been feverishly, trying to find returns. And as there's evermore capital chasing returns go. But that means the value of the assets go up. So if you're holding a highly value asset and you think you might transact at some point in time our feeling is always, has always been it's better to sell when it's white, hot than when it's Rocky. [00:06:08] Mark Hamilton: So we, I think. Meticulously evaluate our portfolio every month. And when we think we've really completed a business plan on something, and we're not likely to do a heck of a lot better we'll generally sell that asset. And the last five years have been a good time to sell assets, but if you sit on them and hope to get the same amount of money out at a later date, if rates of return have gone. [00:06:29] Mark Hamilton: At that point, which they are right now, then your values have gone down.  [00:06:33] Sam Wilson: Right. Right. And so that's what you mean by made capital is when you're sitting on that property that is now in increased in value that do I sell it? Do I that's made capital, do I dispose this property? Do I hang on it? [00:06:46] Sam Wilson: You know the ultimate question, I guess that everybody's probably, yeah. And  [00:06:48] Mark Hamilton: It's not an error. To sit on it. If that's your strategy, if it's a family asset that you wanna hold indefinitely, then that's your as asset, that's your strategy, right? You honor the strategy, you have a piece of the rock and it produces income. [00:07:01] Mark Hamilton: Right. But if you're also trying to serve. So you're gonna serve a few masters, right? One master you have to serve is expenses. You're never gonna get away from that. If you put financing on it, you're serving a master of paying off the debt. But other than that, your masters are generally a combination of growth and income. [00:07:15] Mark Hamilton: You're gonna skew toward one side or the other, and if you're a heavily growth oriented investor and you can use the tool of a 10 31 exchange our view has been that it's better to use the 10 31 to put it back into something that you think is gonna grow again. [00:07:30]  [00:07:30] Sam Wilson: Right? Absolutely. [00:07:32] Sam Wilson: Absolutely. Do you feel like, like there should be a focus in an investor or in an investment firm's portfolio or they say, Hey, we're focusing on growth or we're focusing on income or is there a way to  [00:07:43] Mark Hamilton: have both. Yes, and yes. And yes. So your investment portfolio should serve your interest should ideally it'll serve your short term interests, but it should serve your intermediate and long term interest. [00:07:57] Mark Hamilton: Right? So you're gonna, you're gonna make choices you're gonna meet with somebody. It might be your spouse. It might be your mother or father-in-law, it might be your neighbor, right? It might be you talk it over with a CPA. Or with a wealth advisor. But I think you need to have a basic strategy. [00:08:11] Mark Hamilton: You need to be committed to it, which doesn't mean to be casting concrete. But at least that'll give you a measuring post. And then you measure accordingly in the early going our emphasis was all on growth. We were, simply finding things that we thought were undervalued to get something that's undervalued. [00:08:27] Mark Hamilton: There's gonna be some problems that come with it. Otherwise there'd be a flock of people chasing it. Right. And you have to be prepared to do the corrective, no, the corrective effort, you have to be prepared to, to put in the blood, sweat, tears of money. But you weren't even a wee lad there, then that was in 1985. [00:08:43] Mark Hamilton: So. Since then as we've succeeded and grown equity, our . Investors tend to have shifted to more of an income approach. They still want an expectation of growth. , if you don't have the expectation of growth, you might wanna buy a triple net deal, you might wanna buy a bond. [00:08:56] Mark Hamilton: But if you have some expectation of growth and tax efficiency along the way, our investors expect that, but , they're a little more centered on income right now. And some of that's about age and some of it's about having racked up big gains.  [00:09:09] Sam Wilson: Yeah. And that's, I think that's an investor sentiment that I have in my investor, conversations has been kind of shifting. [00:09:16] Sam Wilson: And even the last eight to 12 months, I hear a lot of investors who are calling me saying, you know what, I'm moving into the income side of things. I want a stabilized asset that is now producing revenue versus I'm looking for the home run. And I think that's coupled two things go into that. [00:09:31] Sam Wilson: One is the fear of an impending recession. And also, with that impending recession, also just the fear that the equity multiples aren't gonna be there. Like they, maybe they have been in the last six to eight years.  [00:09:42] Mark Hamilton: Well, that's certainly true in the stock market right now. The stock market is correcting. [00:09:45] Mark Hamilton: People are looking at it through various lenses, but you can be sure that one of 'em is price, earnings, ratios, and price earnings ratios have come down. And again, that means that the value against its net. Is not what it was, cuz people aren't bidding for it. [00:10:00] Right. To the same extent. Right. So, yeah I think there are good reasons to be looking at income at all times. [00:10:05] Mark Hamilton: And again, I would say probably. Oh boy, I would say fully 60% to two thirds of our investors at this point in time are content to collect income. And I think at this point in time, it's in part because they know there's gonna be . Growth. Right. , a lot of folks have been with us for more than 30 years. [00:10:20] Mark Hamilton: Wow. So they know there's gonna be growth. And then they can get per and because of that, they can get persnickety about income.  [00:10:28] Sam Wilson: I love it. I love it. Yeah. And I think that's a, an interesting point there where you say people aren't bidding for it. Have you guys seen any softening in the multifamily market on the acquisition side and maybe even on the disposition side? [00:10:41] Mark Hamilton: Yes. It had really within. The last two years during the pandemic with interest rates going down cap rates went down too. Cap rates are the rates of return that we look at. And again, it comes back to that ratio of net income to value, right. Cap rates went down. Just horrifyingly. [00:10:58] Mark Hamilton: There was a steep drop and that's great if you're holding, right. It makes it harder if you're buying. Right. And so we're, we are always buying what we buy a little bit can differ certainly where we buy differ. But I think we figured out that in the last 21 years of Hamilton Zs, we've been out of contract on an acquisition for precisely one week. [00:11:17] Mark Hamilton: We are always in the markets. It means you gotta be concerned about overpaying, right? I mean, we can overpay. There's no limit, there's no law against overpaying. You pay as much as you want. But we have to be careful. Our investors are friends and family and credentialed. Real estate people. [00:11:30] Mark Hamilton: They can pick apart a proforma and then we have marks, we have marks that we have to hit in part because people expect us to, they've seen it, right. So, but we are in 30 metropolitan areas. We're in 17 states and there'll be probably. Two thirds to three quarters of those markets that we can't even look in right now as buyers, because they're so fully Christ. [00:11:51] Mark Hamilton: Right. But we turn over rocks. We started out in one market. Then we were in two. Then we were in three and over the last 21 years, we've grown to 30 markets and it's just, we look for places we wanna be where there's good story. And then we start turning over rocks. And so, we'll take in three to 4,000 submissions, a. [00:12:08] Mark Hamilton: After shaking 'em down, we'll underwrite, maybe 250. We'll write offers on maybe 50 and we'll be able to get into the ring and get into the finals on 15 to 25 and come out with 15 to 18 acquisitions. Right. And it's just because we have to find the returns. But, you do it with hard work, you do it with persistence, you do it by forming [00:12:30] relationships with people. [00:12:31] Mark Hamilton: And right now in some of those markets, people are talking about transaction velocity in the second half of 2 0 2, 2 being off by fully 50% from the second half of 2 0 2 1. Wow. And so we are seeing cap rates move back. leverage has come down. We're typically a 65 to 70% borrower leverage right now is probably mainstream. [00:12:53] Mark Hamilton: Leverage is gonna be more. 50 to 60%. We can make that make sense. If we like the asset because we're investing more for long term income at this point, , not every time, but many of our partnerships have racked up big gains. And if people just get a nice, steady ride and a pretty picture to look at you're gonna make, you're gonna please a lot of people that way. [00:13:10] Mark Hamilton: But values have come back and it's market specific, rents are still white hot , in Manhattan and in Brooklyn. So I would expect rates of return. There have gone back down in some of the Rocky mountain states some of the Mid-Atlantic states cap rates have gone up broker told me the other day that in salt lake where we've seen just like brutally low capric in the low threes, that case by case. [00:13:32] Mark Hamilton: In salt lake, which is a highly desired market and a growth market that cap rates may have moved by anywhere from a hundred to 125 basis points. And what that means, nobody's sitting there watching a monitor saying, what are cap rates doing? They're behaving. Right. We're all behaving, right. [00:13:48] Mark Hamilton: And what are we doing? We're either buying or we're not. And so few fewer people are buying PE the people that are buying are being more selective. And I think generally speaking, you're gonna see a correlation between a B and C property that a properties have probably held their value the best and suffered the least capric decompression B properties are hanging in there doing okay, and have suffered a little more capric compression and C proper. [00:14:12] Mark Hamilton: Have gotten hurt the worst and have suffered a lot of capric decompression.  [00:14:17] Sam Wilson: And again, that goes back. I think the key point there is to what is your strategy? Is it growth or income? And so we don't really care. I, we are proud owners of a C-Class property that is producing an incredible. [00:14:31] Sam Wilson: And  [00:14:31] Mark Hamilton: it's like, as long as it's doing its job and it's not wobbling and you structured your financing so that you're not gonna get whipsawed by hostile movement in interest rates, then the asset's doing its job. Right.  [00:14:45] Sam Wilson: That's exactly right. That's exactly right. Yeah. And so we're not, again, it goes back to your very, the very point in the beginning, which is, what do you want out of this investment? [00:14:54] Sam Wilson: Is it growth? Is it income? What's your strategy and the honor of that strategy? So  [00:14:57] Mark Hamilton: that's I think I think for me, [00:15:00] and maybe it's just because I've gotten on in years, I'm 63, right? So you're talking to almost an official senior citizen But at this point in time, I just want it to work out. [00:15:08] Mark Hamilton: Right. I want stuff to work out and that doesn't mean I wanna move to the sidelines. I'm too fidgety to move to the sidelines. But you have a basic strategy and if it works out, it's doing its job. and so we know that we could make it work with growth and income, we knew we could make it work with growth. [00:15:21] Mark Hamilton: There wasn't much income. It was mostly about it. It was a big renovation business, but we know how to do it with growth and income. We know how to do it with income . And growth. , we took down a portfolio in bankruptcy last year of almost 60 properties. And we knew it had been mismanaged and we knew that it was out of the reach of most investors who would bid for it. [00:15:40] Mark Hamilton: Right. So we felt we were getting good pricing going in and we felt we felt, we knew we could run the portfolio. We were uniquely positioned because it was both apartments. was probably two thirds of the value of the portfolio and suburban office. And we have an affiliated company that, that does that. [00:15:55] Mark Hamilton: And the other thing too is on our home court, it's in the bay area. Right. So, nobody's ever gonna be nonchalant about a bonafide growth deal. But at the same time, those sort of things are, I guess the term of the stock market is unicorns, right? Those things are unicorns a little bit. [00:16:10] Mark Hamilton: So if we didn't catch a unicorn, we at least caught a horse with a bump on its head. And but everybody likes growth. And if it's real growth, you're not gonna have any trouble having people be interested. But at the same time, you have to look at what's sustainable. And investors want what's sustain. [00:16:24] Mark Hamilton: Yeah.  [00:16:24] Sam Wilson: That's absolutely right. Absolutely. Right. Tell me, this is your view in the market right now. , are we in a lull? Is this the eye of the storm? Where are we right now? And where are you guys positioning yourself for the future?  [00:16:39] Mark Hamilton: That's a really good question. And curiously, I think events on the global stage are gonna affect us real estate markets. [00:16:47] Mark Hamilton: More than you might expect. Certainly inflation is a worldwide phenomena right now and it's gonna affect worldwide interest rates. On the other hand, the United States is also still a Haven for investors and there's certainly inflow of. Foreign capital. We don't deal with foreign capital very much. [00:17:03] Mark Hamilton: We deal with it a little bit. And so I think, certainly the likelihood of stability it won't be perfect stability. It's gonna, we'll suffer some capric decompression just like anybody, but what's happened on the world commodities market because of. [00:17:16] Mark Hamilton: Central banks, flooding economies with money and because of the war in Ukraine in terms of the impact on energy commodities et cetera, is a big deal. Any instability in China would be a big deal and they have people [00:17:30] there that are publicly. Boycotting making interest payments on properties that they have never been delivered to them. [00:17:37] Mark Hamilton: And so, growth I think it's fair to see that China. Has made economic rising economic prosperity and rising stability and rising growth rates, a pillar of their whole form of government in terms of keeping people bought in. And so when you see growth start to slow down, which it has in China, and then when you see people boycotting mortgage payments That's a concern. [00:17:59] Mark Hamilton: It should be a concern. It would, it will affect the world market. And then domestically it's, it's interest rates. I don't think there are any newfound challenges in the tax code that are gonna drop on us. I think Fannie and Freddie are gonna be there are there for the duration in terms of cap being capital providers, being debt, capital providers. [00:18:15] Mark Hamilton: And so it comes down to operations and I won't say that we're protected from a downturn affecting working people in the United States. I don't think we're protected. I think that occupancy exposure and delinquency exposure is gonna be the lowest with a plus properties. [00:18:33] Mark Hamilton: And it's gonna be the highest with C minus properties. So you just have to be, you just have to be prepared. To be that operator, if you have a real occupancy and, or delinquency challenge. And I. I think there will be some of that, but let's be honest. I mean, unemployment right now is at three to 3.5%. [00:18:51] Mark Hamilton: And there are a lot of people who are just saying, eh, it's not good enough for me yet. I'll wait it out. I'll find a job, but I'm not in any hurry. And household formation is still on our site. We are probably 85% of our investment activity is in multi. we do have investment activity in our suburban office platform, but the vast majority of it's multi-family and what we experienced in the great recession was that if we met the market, did a good job operating the properties, kept the staff happy and kept people in their apartments. [00:19:22] Mark Hamilton: It was a refuge for us. In a rough time. Because , if you can win your occupancy, you've won a big part of the battle with multifamily.  [00:19:29] Sam Wilson: Absolutely. Absolutely. Mark, this has been fascinating. Thank you for taking the time to come on today and just kind of give us a breakdown really on the current events, how you see things through a lens of. [00:19:39] Sam Wilson: How many years is that? 15, 20, 35?  [00:19:42] Mark Hamilton: Well, the dirty secret is 40. But I didn't buy my first property until 1985. So 37. Okay. So the year I got  [00:19:49] Sam Wilson: married, that's awesome. I absolutely love it. If you could give our listeners one piece of advice that pertains to investing today, and you said, Hey, [00:20:00] this is what I recommend to anybody who's investing in commercial real estate. [00:20:03] Sam Wilson: What would it be  [00:20:04] Mark Hamilton: For your own sake, commit to staying power. What's your staying power strategy, right? If you're starting out, what's your income gonna be? Do you have no need of an income? Do you have an income stream? Do you have a spouse that's bought in that provides enough income, but you gotta commit to staying power and that means your. [00:20:23] Mark Hamilton: Because you will want to eat and do the thing that I did this morning, which is get out of bed. You will wanna be able to do that every day and meet the challenges, right? Apartments are multi-family is a very activity based business, right? It's a very demanding daily business. So you have to be prepared to, to meet that where it is. [00:20:42] Mark Hamilton: And then you have to have a strategy. That's gonna an asset strategy. That's gonna allow you to navigate it when things aren't so great and benefit from it when things aren't. So I may always say commit to staying power and satisfy yourself that you've answered those questions.  [00:20:57] Sam Wilson: I love it. [00:20:58] Sam Wilson: I love it. Mark. Thank you so much for coming on today. If our listeners want to get in touch with you or your firm, what is the best way to do that?  [00:21:05] Mark Hamilton: Well, I'll tell you, we have a pretty good website that we like. Other people have told us that as well. It's Hamilton, H a M I L T O N Z as in zebra, a N as in Nancy, Z as in zebra, E as in edward.com. [00:21:18] Mark Hamilton: We think that tells the story pretty well. And then otherwise my email address is mark M Ark. Hamilton zands.com.  [00:21:26] Sam Wilson: Wonderful. We'll make sure we put those things there in the show notes, mark. Thank you again for coming on day. Certainly  [00:21:31] Mark Hamilton: appreci. Appreciate it. You got Sam. Thanks for having me. It was fun. [00:21:34] Mark Hamilton: Good luck with your property. Thank you, sir.

Alan Stewart is a full-time multifamily investor and Principal at Sapient Capital Group with over 20 years of real estate experience. Since 2012 he has invested in over 3,400 multifamily units across 17 multifamily properties in Texas and Georgia, 13 of which have sold / gone full lifecycle.Join Our Passive Investor NetworkDownload Our Passive Investor Guide to Multifamily SyndicationsWE DISCUSS:His background in Management ConsultingHis first exposure to real estate investingWhy he chose multifamilyHis transition from his corporate career to full-time investing. Why he is deciding to transition from B&C class deals to A-Class deals. How his business is structuredA surprising cap-ex strategy that is paying off for him. CONNECT WITH OUR GUEST:https://sapientcg.com/CONNECT WITH US! Visit our Website: https://www.canovocapital.com/podcastConnect with us on Facebook: https://www.facebook.com/theleadsponsorFollow us on YouTube: https://www.youtube.com/c/TheLeadSponsorFollow us on Instagram: https://www.instagram.com/david.t.robinson/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-lead-sponsor-podcast-real-estate-investing/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE

On today's episode of the Lab Coat Agents Podcast, host Jeff is talking with Brian Grimes - Founder of 24/7 Cash Flow University. He is an ivy league grad who loves to play basketball. Brian grew up in Philly in the C Class neighborhood, during that Allen Iverson era. Brian has experience in the C-class which from a real-estate point of view is very risky. Brian talks about how he is kind of building a model that is a bit more recession proof. Tune in for all of the details! Episode Highlights: Basketball took Brian around the country, around the world to degree and then landed him at Columbia University. At Columbia University, he met former athletes that became mentors of him in the trading field for options traders down on the New York Mercantile Exchange to commercial and mortgage real estate brokers. The mentors gave Brian principles and knowledge that transformed the way that he thought about himself. Brian shares instances from his career and how his interest in Finance spiked.  Brian became a financial planner so that he could build his own schedule. He was selling insurance annuities. He was on a 100% commission, and he didn't make a dime for his first six months.  If you put in energy today two months from now, it will come back in the form of you know cash flow or whatever you were looking for and you start to trust that when you are in a Commission based environment, says Brian. Brian went on to work at a high-net-worth boutique firm in New York managing where they managed 1.4 billion for about 300 wealthy families. He worked at an insurance startup policy genius, where he was running their call center nationally. They were selling thousands of policies a month and building that out and using his sales skills.  Brian talks about his struggles in the real-estate market and how he got duped by a contractor.  He continues to iterate and get better over the course of time and that had led to, 300 full gut rehabs over the course of that, maybe the next five to seven years from that point. The more risk you take the more reward there is. So, the cap rates in the C Class are definitely juicier, says Brian. At the end of the day real estate in cash flow investing is all about picking good tenants, says Brian. Brian bought properties in a marginal C class neighborhood that he knew new working-class people would live in. People who work for the city, who work for SEPTA, who drive buses or who belong to the working class. Brian has the required skill set, a 20,000 square foot warehouse, 150 contractors, best contractors and city. He can go and flip properties like anywhere in the country and he has the experience to do it.  He can flip them in the eight class neighborhoods, but it doesn't match his prime mission which is to re-build the C Class neighborhoods until they look like the beat or a class neighborhood to put people back into the neighborhoods to run out blight and to restore money bouncing in those neighborhoods.  If you get mentorship, you can navigate and learn from somebody who has done it 100 times in these types of neighborhoods and get all the lessons that you need so that you can do it successfully from day one, says Brian. People are not their credit score. The credit score model is a is a slightly outdated. You will find people with good credit scores who don't pay for whatever reason. You have to underwrite people, not credit scores. So, you have to get into, like, their job. Is there a job actually durable? What type of job are they doing? You have to test your tenants as well, says Brian. People who can articulate themselves well, speak well, calmly, they are going to be the same way when something goes wrong in your property and something is always going to go wrong, says Brian. Brian talks about the importance of landlord tenant law and how one can save themselves a lot of trouble by learning and understanding the law. Brian warns about people who know how to gain from the system because the credit score doesn't tell you that. Before you hand over possession, you better do everything in your power to ensure that you picked a good tenant.   No matter what sector of real estate you are in, if you can't pick winners, it's not long before you will be out of business, says Brian. Brian is a strategy agnostic, and he believes in having multiple strategies. He suggests as a new real estate agent you need to be able to adjust to the market. The more knowledge you have about different strategies that are available to you, the more money you'll make.  If you went to Baltimore right now or Cleveland or parts of Philly, they're not going to experience major downturns in the market right now even with rates going up and some of these things. So, you have to look at the hard-core data and realize. "We are state specific," says Brian. 3 Key Points: Brian shares how  he has best used his experiences from different jobs to start his own real-estate business. If you are not from the C Class, you would want to have some type of mentorship from somebody who is, if that's something you want to do because the cap rates are better, the cash flow is better, says Brian. Jeff and Brian talk about the importance of identifying good tenants.  Resources Mentioned:  Lab Coat Agents | Website | Facebook | Facebook Group | Twitter | Instagram  Jeff Pfitzer   | Instagram | LinkedIn | Twitter Follow Up Boss (Sponsor) Chime (Sponsor) Z buyer (sponsor) Street Text (sponsor)   Brian Grimes: https://www.youtube.com/channel/UCTYE7wOTs5VMHGdHnfLcWyw https://www.instagram.com/briangrimes_247cfu/?hl=en https://www.247cashflowuniversity.org/ https://www.facebook.com/247cashflowuniversity/?_rdr https://workwithgrimes.com/cashflow50596073

In this episode Roman, Tommy, and Jay discuss the all new 2023 Nissan Z! We also talk Kia Sportage, the new Mercedes C-Class and what to do when your phone gets, well, sticky. This is not one you want to miss!   For questions send us an email: info@tflcar.com