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Person who allocate's capital with the expectation of a financial return

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Latest podcast episodes about investors

Squawk Box Europe Express
SQUAWK BOX, WEDNESDAY 18TH MAY, 2022

Squawk Box Europe Express

Play Episode Listen Later May 18, 2022 25:33


U.S. Federal Reserve Chairman Jerome Powell insists that the central bank will continue to raise rates as long as is needed in order to rein in inflation. However, Powell did acknowledge the potential consumer pain involved in the process. Investors pump the Nasdaq by almost 3 per cent after swooping in for recently hurting tech stocks, seemingly unconcerned by a looming recession. In retail, Wal-Mart misses earnings expectations despite positive U.S. consumer data for April. And in European banking news, the Unicredit-Commerzbank tie-up is reportedly shelved due to the uncertainty brought on by Russia's invasion of Ukraine.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

WealthTalk
WealthBuilders Self Study Course

WealthTalk

Play Episode Listen Later May 18, 2022 30:28


How would you like to learn the skills required to build wealth?At WealthBuilders, we're on a mission to help 50,000 families completely transform their wealth and become financially independent. That's why we will be launching our brand new self-study course aimed at ambitious employees and time-poor business owners who want to move from financial insecurity to financial independence within 5 years.Tune in to find out all about the new WealthBuilders self-study course and how you can enter to win a free self-study course valued at £1995!! Resources Mentioned In This Episode:>> Enter the WealthBuilders Self Study Course Competition>> Join the WealthBuilders Academy>> REGISTER HERE FOR FREE RESOURCES ACCESS If you have been enjoying listening to WealthTalk - Please Leave Us A Review!

Thinking Crypto Interviews & News
CHINA BITCOIN MINING - LEDGER CRYPTO BROWSER - STABLECOIN REGULATIONS - ALGORAND WORMHOLE

Thinking Crypto Interviews & News

Play Episode Listen Later May 18, 2022 21:34


China has returned as the second-largest Bitcoin mining hub, with 21.1% of the total global BTC mining hash rate. Ledger is adding a browser extension on Safari called Ledger Connect that will allow users of Ledger hardware wallets to easily connect with Web 3 applications. Investors withdraw over $7 billion from tether, raising fresh fears about stablecoin's backing. Terraform's legal team has reportedly resigned following the $UST crash. The Jump Crypto-backed cross-chain bridge Wormhole has launched support for the Algorand blockchain.Sponsors

Institutional Real Estate, Inc. Podcast
Episode 935: Report from Asia: Survey of investor intentions shows shifting preferences

Institutional Real Estate, Inc. Podcast

Play Episode Listen Later May 18, 2022 15:52


Amelie Delaunay, director of research and professional standards at ANREV, presents an overview of the recently completed ANREV/INREV/PREA Investment Intentions Survey for 2022. (05/2022)

Insight On Business the News Hour
The Business News Headlines 17 May 2022

Insight On Business the News Hour

Play Episode Listen Later May 17, 2022 12:22


There was some solid news today…from the world of retail and…manufacturing and it was welcome. It's the business news headlines for Tuesday the 17th day of May coming to you from the beaches of Florida.  Thanks everybody for being with us. Welcome news from the Commerce Department; The FBI issues warnings about two retail centers; The President and First Lady visit Buffalo; Investors warned about Truth Social; The erratic behavior of Elon Musk; Netflix lays off more people; Boeing got some bad news from China; The Wall Street Report; Who says investment people are not...fun? Thanks for coming by! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour. 

The Chad Prather Show
Ep 630 | The ANSWER to the Baby Formula Shortage | Guest: John Doyle

The Chad Prather Show

Play Episode Listen Later May 17, 2022 47:55


In this special podcast, Chad addresses the truth about why it's very important to pay attention to how the government is handling the baby formula shortage and how it is packaging the story to Americans. How can America bounce back from a baby formula shortage? John Doyle, BlazeTV contributor and breastfeeding expert, joins the podcast and gives his theory behind the baby formula shortage. Ex-White House Press Secretary Psaki is in hot water for spreading misinformation when explaining the baby formula shortage. When will she be fact-checked? CNN+ continues to embarrass itself, and not because it had less than 10,000 viewers, but because it sent gift baskets to laid-off employees welcoming them into the company. Calvin Klein joins the woke company list by having a trans man pose for Mothers' Day. Today's Sponsor: Inflation is at a 40 year high… Investors are selling stocks like crazy… And volatility is up 50% over the last month. Diversifying with art isn't new. The ultra-wealthy have done it for centuries. And with Masterworks you can too. Join over 330,000 members, and get priority access to Masterworks with my unique link: Go to http://Masterworks.ART/CHAD. See important disclosures at http://Masterworks.io/disclaimer.  iTarget will help you develop muscle memory, sharpen target reaction speed, sight alignment, trigger function, and more. iTarget Pro comes in all the major calibers including .223 so you can stay sharp with almost any firearm. Go to http://iTargetPro.com, right now, and SAVE 10% PLUS, GET FREE SHIPPING with the offer code CHAD.  When a cyber-criminal sneakily worms his way onto your home's title, he'll take out loan after loan using your home's equity. Then he'll vanish -- leaving you to prove you didn't commit fraud. Go to http://HomeTitleLock.com and read the testimonials from retired FBI Agents and others. Then register your home address to see if you're already a victim. And when you protect your home... tell 'em CHAD sent you for 30 free days of protection. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Remote Real Estate Investor
Here is what investors should know about the Tampa Bay real estate market

The Remote Real Estate Investor

Play Episode Listen Later May 17, 2022 30:20


A Florida Native and graduate of University of South Florida, Jeff Wills is an accomplished Tampa Bay Area agent who brings a strategic yet personable approach to the home buying and home selling process. Drawing from years of experience as an agent in the Tampa market, he has built a solid reputation for himself as an industry leader with a solid track record that specializes in attention to detail in commercial and residential transactions. Investors are buying homes in Tampa at a record rate. Between July and September 2021, one in four homes that sold had an investor as the buyer. According to a report from the Tampa Bay Times, Tampa Bay ranks as the 7th hottest metro area for investors nationwide. Today, Jeff talks about the Tampa Bay market: neighborhoods, price to rent ratios, economic drivers, geographic considerations, and more insights that investors will want to know before making moves there. Episode Links: https://sefair-inv.com/ --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: Hey, everyone, welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and joining me today is Jeff Wills, our certified agent out in Tampa Bay, Florida and Jeff's gonna be talking to us today about all the things we as investors need to know and should be aware of, if we're investing in that market. So let's get into it.   Really quickly, before we get into the episode today, I want to encourage everyone to go check out roofstockacademy.com. Roofstock Academy is our one stop shop for real estate education, independent of whether you're just getting started or a seasoned investor looking to scale up or get involved in a different asset class. We've got lectures, we've got coaching, we've got one on one slack access forum and a plethora of other financial benefits, as well as money back on your marketplace fee credits. If you're transacting on Roofstock. So come check us out at rootstockacademy.com look forward to seeing you in there. Jeff wills thanks so much for taking the time to hang out with me today, man really appreciate you coming on.   Jeff: Absolutely, man. Love to do it and thank you for having me. Yeah, of course. So   Michael: Yeah, of course. So we're just gonna like jump right into it and we're talking today about Tampa Bay, Florida. I want you to give all of our listeners why Tampa why now.   Jeff: So why Tampa why now honestly, I've been hearing that a lot. However, it has been very, very popular as of late. A lot of the big things that people are hearing, actually, just yesterday, Goldman Sachs bought 305 units in downtown Tampa for 168 million, setting another record price per unit and a crazy valuation for cap rates right now and so there's just there's a lot of synergy. The biggest thing behind it has been Water Street water streets about halfway through its 10 year growth plan. They've got phase one out of the way, phase two starting, and that has really brought a lot of life and vibrance to Tampa that was kind of growing and burgeoning there prior to COVID prior to all the popularity we have now, but I think it's really hit its peak and honestly, it's probably got a good you know, 10-20 30.50 years stride to soon looking like Miami, although personally I hope not. I'd like there to be a little bit less people and, and keep the enjoyment that we have here and honestly, you know, Tampa is a big town, it's a big population. But it really does have an extremely small town feel with the micro communities inside the neighborhoods inside the certain you know, sectors and where we are on the map and near the water and so I think Tampa has a lot to offer, both from an investment standpoint, from a long term hold appreciation standpoint, and especially, especially a rent gross. I don't know what that's gonna look like now, just because you know, kind of has hit a very, very high mark. However, we're not seeing any vacancies. We're not seeing, you know, any kind of rent concessions. I was just talking to a very big property manager yesterday for a different reason. But they were saying, yeah, we're barely giving written concessions. We're hitting full market rent. Everything's at 95% occupancy or above and there's no signs of stopping. So I love it, I I've always thought Tampa was a hidden gem before COVID and before things got crazy, but you know, kind of very lucky to be here now and enjoying every minute of it.   Michael: Right on, Jeff, that is that's super interesting. So I'm wondering, what was that cap rate that they got for the Goldman Sachs purchase, do you recall?   Jeff: Honestly, I don't have that in front of me, I can almost guarantee it was probably sub four. Even after tax adjustment, it's crazy. I actually lived in that building. When it first opened, I got a I snuck in with some written concessions and realtor bonuses and stuff like that. So I kind of skated in a bit but I mean, it went through a lot of challenges. I mean, management was horrible. Two years, they had the same management then fired that one and then fired another one and they've had problems left, right and center what that building just knowing because I've got friends that live there and stuff still and it's still selling for that price given I mean there's a bar across the street that has so much drama tied to it. It's insane, that the publicity from that sale has anything to do and so backing up from that Goldman Sachs has long been rumored to be taking a very, very big piece of the pie in the Waterstreet office space and so while that hasn't been announced Goldman Sachs buying that building to me just sounds like corporate housing instead of them having to go and give all their employees stimulus, oh, we'll give you a 5000 monthly allowance. They'll say hey here, we've got a block of rooms, pick one enjoy yourself. It's paid for and I think that might be how they're skating that market rent because some of the stuff and water St. Tampa is going up. Actually, I just talked to my friend yesterday 966 square feet with a big balcony 5000 a month and it's it was exactly what I did you have 550 a square foot. Yeah, um, it's, it's insane and I mean, once you set that, once you set that standard, I mean, they do. I mean, okay, the Heron is the best multifamily building I've ever seen. But I mean, setting that precedent, all people have to do is just be nearby and just enjoy the overflows, people who can live there and by the way, they have zero vacancy, and they have a weightless for that unit. That's coming up down hole, it's crazy.   Michael: Holy smokes. So Jeff, you clearly an expert on the area, give people a little bit background, who you are, where is it that you come from and what is it you do in real estate today?   Jeff: Absolutely, so I grew up about an hour north of Tampa and a county called Pasco, a very small town and to me growing up, Tampa was a big city, a really big city, I had been there three, four times the aquarium a couple of times, and I just every time staring at the top of the skyscrapers and that was just the biggest thing to me and growing up, went to college, didn't really know what I was doing there. When for finance, I was like, yeah, let me kind of figure stuff out. My dad one day was like, hey, why don't you just, you know, pop into real estate, see what's going on? I'm like, yeah, sounds fun, should be pretty flexible. I like people, like, give it a go. Seven years later, here I am and it's just been, you know, from top to bottom, you get to help people with something that's extremely difficult, extremely stressful, and very nuanced and I mean, you know, from deal to deal, there's always something different. There's always a different backstory a different why and even growing up prior to all that I've always kind of felt that I was a good listener. You know, I, of course, I have my own, you know, opinions and desires and stuff. But I was always able to kind of peel back, what is somebody looking for? What does somebody want to do? You know, what they're, they're telling me one thing, but what do they actually mean and I've always, you know, of course, ask them, hey, you know, you're saying this, but what do you want this, and it's just been very enjoyable and, you know, the client feedback is the same, I've got a ton of referrals, a ton of repeat customers, and it's just, it's very, very enjoyable for me to be able to, you know, simmer it down to its the parts that they can control and make sense of, and then I just handle all the other legal mumbo jumbo stuff on the back end and it's just been very, very enjoyable.   The first three years, I was very retail focused, you know, end user not very investor friendly, and kind of got bored with that and I was like, you know, I, I've always enjoyed numbers always been pretty good at numbers, like, why can't I get to the investor side of things and that's when I joined my current brokerage see fair investments and from there, it just kind of skyrocketed. Our offices set up extremely streamlined and efficient, to the point where in the past 13 months, just me and my broker together have done about 137 million in business, and 98% of that was investors and we're just, we're just masterfully efficient, fine-tuned and, you know, we know how to strike valuations from, you know, Jacksonville down to Fort Myers, it's, you know, it's a few things we know how the appraisers operate, we know what a tenant is going to do to it as far as evaluation what people are paying, because we've got 30 under contract that we can look at and say, oh, you know, hey, a cap rate is this based on this or like, we just have a ton of insight and ability to help our investors and you know, even just last week, you know, we have, you know, I guess it's kind of our, our secret sauce, but it's very simple. Every Friday, all of our clients get an update, regardless of status did nothing happen, hey, nothing happened today, you know, that just wanted to let you know, have a great day and yet again, I had another client last week said, hey, you know, honestly, we haven't even spoke on the phone. Once. It's been all email. I just wanted to say thank you. You were exemplary and you know, he even brought up the Friday things like every Friday, I had an update, I didn't need an update. I didn't you know, I didn't ever had a question about what you were doing, how the property was going and so while those compliments don't always come, I mean, it's always 9 to 10 with that, we haven't had very many upset people at all and they always bring us their next listing or, hey, I'm trying to buy in here and buying has been very challenging right now. So a lot of the investors are on hold being patient, seeing what rates are doing. But all in all, it's been really, really great, especially on the sales side, and we're just, you know, happy to help people while we can while the market is doing great.   Michael: Right on. Well, it sounds like if you ever transition careers whenever you're done to be ready to be done with real estate, you'd be a great therapist. good listener.   Jeff: Oh my gosh, I joke about that all the time. I tell people sometimes like, man, I've done so much marriage counseling, I'm good to go. We need to like do one deal. You'll know you'll get one and I'm saying, oh, that's pretty, it's, it's a lot, but it's just very easy. You know, I mean, the end of the day, people want a couple of things. They want to be comforted, they want to be, you know, they want to know that you're honest, and they want someone reliable and if you can fit those buckets, while being a joy to talk to and to interact with, I think that's really all I needed to do.   Michael: Love it, love it, love it. Well, Jeff, let's dig into the kind of meat and potatoes of the Tampa market a little bit and give listeners some insights into other than this Goldman Sachs transaction, which set new record highs and the buying being a little bit difficult. Let's educate people about the Tampa market. So who are some of the major employers in the market and are you seeing people moving to the area or maybe moving out of Tampa?   Jeff: Definitely a massive influx, I'm not sure the exact daily rates, but I know Florida, pre COVID was about 1200 people per day. After COVID, we're at about 2400 to 2600 people per day from out of state moving to Florida and while that's not always Tampa, that really is the only place that has had affordable housing, affordable rents, especially compared to Miami. Compared to Orlando, Orlando is a relatively higher price than us just because it was more pocketed it was hard to find an actual community over there. While there are a handful. It's very spread out and sprawling, and Tampa is extremely concentrated. Some of the larger employers in Tampa are, I wouldn't say there's one or two, the majority are a lot of health care providers, hospitals, doctors, stuff of that nature, a very big presence with attorneys and then honestly Tampa is becoming a very, very big tech hub. Reliaquest is a very big cybersecurity firm, they signed in Waterstreet for the top of their class, a class A office tower and so it's been rumored I've seen a couple articles that Tampa is the next Austin as far as a tech hub and you know, we're tax friendly. We don't have any state income tax, we have homestead, there's a lot of things that were already here and then now as other states like California are being, you know, more tax even more stricter on a lot of things. It's just it's increased that flow and I don't think that stops for a long, long time. Because Florida has so much land, we have so much room for stuff and while you know, even though you might not be right in the heart of Tampa, a 3540 minute drive is no big deal and you are close to a million different things inside that span. So just you know all of those things and then one underlying factor too, that I like to tell that nearly no one knows that I mentioned is pre COVID. I haven't checked these numbers after the Port of Tampa. Probably Never heard of it does 3 billion in revenue every year, if not more and so that has been a very silent provider. Actually, one of the biggest companies in Tampa is mosaic. They own right over 400,000 acres, and they're a fertilizer company. So they are huge in Tampa, as you know, from ground all the way up to politics and everything else. So they are very big employer and advocate for the port and everything else that's going on there.   Michael: Right on and Jeff, you give folks a sense of like, what is a traditional typical three, two, single family home cost and what would the rent look like and maybe you can give people an idea of some of the different neighborhoods in which they could be considering?   Jeff: The median home price now is right around 335,000 today, and we have about less than two months of inventory, scroll back to 2019, we had about six and a half months of inventory. So we've reduced that by about 300% and days on market, three to five days max, if it's even close to move in ready and that that median price. I mean, I'm looking at the chart now it's almost it's very, very close to 350,000 as of today, and it's just it's very, very challenging, but some of the better neighborhoods. So if you're in Tampa, South Tampa is really where you want to be, but those price points are honestly million dollar homes for a three two and so those rents and cap rates just won't sweat. They won't crack the code for what we're looking for and what honestly any investors should be looking for. So that's not really where we want to be. But I would say that Brandon is a great area. It's just outside of Tampa. It's about 30 minutes east, very sprawling tons of land, tons of nature, tons of trees and that area is a great neighborhood. Same very roughly same median price per square foot, you'll probably be able to get rents around anywhere from 1900 to 2200 for that size home depending on the condition and that's honestly a pretty savory return. Of course, you're now seeing foreign 450 be the norm there too but the rents are following. You know, I mean rents for those are 26 to 2800, all day long and sometimes that makes the cap rate, it maybe the cap rates a little more compressed and the overall return, but the cash flow is higher, and you know, the appreciation is going to be there.   Another and it's really hard to find a great cap rate neighborhood right now, because it's just, it's getting nipped up so much. If you go west of Tampa, north to the west Chase Oldsmar area, that's a great little area to that has very, very, very, very quickly start to price up as everybody's moved there, to where they couldn't afford South Tampa to where they couldn't afford north of Kennedy and West Tampa and so that's an excellent little pocket there great schools, great golf courses, you've got all ages that enjoy that area, which is, in my mind, for somebody that's looking for a renter, always, that's a good market to be in and then if you go north of Tampa, you've got Carolwood up there and greater Northdale. So all that area, there is also a great pocket of Tampa, the price points are going to be pretty high on average as well. But you can still find that starter entry level home and if you can get it at a good cap rate buy it, the every growth that I've seen is coming north of Tampa, in waves and this cheval Lutz area all the way over to Keystone in an East Lake. This actually has the highest concentration of wealth in the Hillsborough County so it's actually not in South Tampa. It's not in downtown, it's not on Davis Islands, which is a phenomenal honestly the best part of Tampa but a home there's you know, 4 million for 1500 square feet so those prices are crazy, but this area is excellent very equestrian, tons of lakes, tons of lake homes, tons of golf courses, nature trails preserves, an excellent up and coming area to be in and then one last area I'd like to highlight is the Ybor City and Seminole Heights area.   So this area is directly north of downtown Tampa and if anybody on here is familiar with St. Pete and fourth Ave, fourth Ave, stretches out of downtown St. Pete and goes north and that stretch is probably a 10 mile stretch of the most golden real estate I've ever seen retail shopping centers, storage homes, but that's been there for 20-30 years and then north and east where you see that Columbia restaurant is Ybor City, historic Ybor ton of culture there a ton of background ton of history, an excellent place to be but it is very, very pocketed and very hard to find land there, but would be an absolute killer. The next best spot is going to be Tampa heights and Seminole heights. If we see the Hillsborough River here, that's kind of the cutoff point for Seminole heights and then everything south of the Hillsborough River to about 15 Street is both terminal, Tampa heights and Seminole heights. Those areas are fantastic. People love to be there. There's a whole bunch of you know, farmers markets and pop up shops and just cool boutique II stuff that is not you know, another McDonald's and Taco Bell that people are bored with. So this that's another great neighborhood, and that also sprawls out into a sea wells wood, and then West Ham over here by the airport.   Michael: That's a super great overview. Jeff, thank you so much.   Jeff: Absolutely.   Michael: I'm so curious if you can give people an idea of how property taxes work, because I think that can often be and I'm sure as you see, one of the biggest maker breaks of a real estate deal. So give folks a walkthrough in the Greater Tampa area. Of course, it varies county by county, but how should they be thinking about property taxes?   Jeff: Excellent questions. So obviously, we all know taxes based on a millage rate, every county, like you said is different county by county. But based on that, I mean, there's really not much else we can do to kind of guesstimate and or further understand it besides going to the Property Appraiser website. But plugging in the property and estimating the taxes. A good rule of thumb with that though, is that I found is anywhere between 85 and 90% of the purchase price, and then take the millage rate, then we can kind of skip the step of you know going in there and directly estimating it but that is that will get you within 99% accuracy of the taxes when they become reassessed after closing and so again, that's 8085 to 90% of the purchase price. So if it's 400 it's gonna be about you know, 375 380 and then take the millage and then that'll be your that'll be your new annual tax roll. And that is very, very, very, very important to take into account because I've seen a lot of investors in the past, go into a property and just pull the current taxes without any idea that they're gonna go. If that person's owned the home for 30 years tax you're going to have Got 1000 a month on a $400,000 home after you close, they're going to be closer to about, you know, five to 6000. So that that alone can easily skew a deal. So you always want to make sure that the taxes are, you know, properly at least estimated going in and then double checked while you're going through the process.   Michael: Jeff, you said 1000 a month for that 30 year old 30 year old hold, but I think he made 1000 a year, right?   Jeff: Correct. Yeah, absolutely, 1000 a year for sure.   Michael: Okay, okay. So is there like a good rule of thumb, if someone doesn't know the millage rate like 1% of the sale price, or one and a half percent of the sale price,   Jeff: I would I would inch to one and a half percent of the sales price because I'm seeing more and more than a $400,000 home is any anywhere between 5500 to 7500, depending on their tax district and while it is county by county, there are some overlays in some certain neighborhoods and CBDs that we'll have some effect on that. So I would I would definitely lean to one and a half percent and then if you want to be real conservative, just go 2% and then it'll always be below that.   Michael: Okay, right on. Now, anyone who's ever listened to the news ever, or who follows any kind of climate or weather has heard about that Florida has hurricanes. Talk to us a little bit about some of the weather and climate, things that are unique to Tampa that someone from California might not be aware of.   Jeff: Right, well, I will say anything that you've seen from not being in one, it's always way crazier, that are way less crazy than what they say it is obviously…   Michael: People hanging on the palm trees, you know, getting strung out.   Jeff: Oh, yeah. All, all extremely oversaturated. In my opinion, the biggest thing with Tampa Bay is flooding. And that really only happens in South Tampa and waterfront properties. So honestly, I would say any investor in Florida should really avoid waterfront properties because of hurricane insurance and flood insurance. They're just too high and they're gonna kill your returns not on not including any liability insurance you have. For the tenant that's there, I would say waterfront would work excellent in a short term rental, because that's kind of a hotel experience. But a long term tenant really is not going to do great there. I would certainly avoid it. Overall, if you're in the mainland and not in the low lying area, hurricanes aren't gonna do just about anything to you. As long as the home is up to code and you have a you know, Hurricane Preparedness step do you have the metal covers for the windows and just, you know, it's simple Google search will show you how to get hurricane ready, but it's really, it's really way more than they hype it up to be.   Michael: Okay, awesome and that's a really good point that you bring up. If the house is up to code, you expect it to withstand a hurricane or not became a drone? How should people be thinking about older housing stock or does Tampa even have older housing stock, like in California, we've got a lot of 1950s built ranch style homes. That's just a lot of the bulk of the inventory, what are you seeing there in Tampa?   Jeff: Exactly the same, the bulk of the inventory is probably going to fall in the 1970 range, a ton of homes and that 1950 to 1980 and then honestly, in Ybor you'll see a whole bunch of homes in 1912, 1915, where the area is very, very old, and has a ton of homes with crawl spaces. So what you want to avoid is homes on a crawlspace. If it doesn't have a slab Foundation, honestly, just avoid it. Can you get around it? Can you figure it out, can you have a foundation inspection? Absolutely but those are all things they're going to tack on to the cost and your whole period. If you're a five year holder, maybe it's not a big deal. But if you're at 1015 20, you are going to be dealing with foundation issues, at least at some point and it is not cheap. So that is one thing I would avoid with the age of the inventory and then one other special thing that kind of gets talked about a lot in Florida is sinkholes and so sinkholes are extremely common. They're not as bad as again, as you see on the news 99% of the time. But what happened back in, I would say 95 205 a couple people had a sinkhole that was relatively bad, you know, the home was falling in and unsafe living conditions and then insurance companies and engineers that were working with them came into the entire neighborhood and said, oh, you've got settlement cracks. This looks like a sinkhole and so you'll see 85% of homes maybe even higher than that that have had a sinkhole remediation done with no significant repairs or need for that at all and once the sinkhole home has been remediated with either a chemical grounding a underpinning or a another. They actually insert concrete under the home once you do either of those three things. Your risk for a sinkhole after that is slim to none because once you solidify all the Lime Rock and silt that's under the home you're done, there's nothing to worry about, just check for warranties, and make sure that engineering report gets to your insurance provider and I believe there's still only two insurance providers in the state of Florida, that will insure a single home. So it's going to be a little bit more expensive as well. So just keep that in mind.   Michael: Okay, good to know and, Jeff, I just want to go back to the foundation, you said that to avoid slabs or avoid crawl spaces?   Jeff: Avoid crawl spaces. I mean, you don't have to avoid them at all costs. But if the house looks a little wonky, even on the photos, just go on to the next one. I've seen 95% of every home that I've been that has a crawlspace has some sort of issue, you can drop a marble in the kitchen, and it ends up in the living room every time. It's just Florida. I mean, Florida with sinkholes, and still homes horrible mixture and there's not a ton of those. But you'll see him a lot in Ybor City a lot around some of the older areas of Tampa, but just stick to the easy stuff, you know, slab on frame or slab on block and you'll 9 times out of 10 you'll be good to go.   Michael: Okay, right on and from a kind of hurricane perspective, what are your thoughts and what should people be looking out for in terms of roofs?   Jeff: You want as long of a life expectancy on the roof as possible, um, shingle roofs are great, every roof made in the past, I think from 2010, or maybe even earlier, since we had that one bad hurricane that came through all of the code is updated. The majority of the roofs have roof strapping that straps the trusses down to the block and that helps tremendously during hurricanes and just about every home has that and when you get an inspection, you do your wind mitigation and that is a very, very, very big piece of the pie to save you money on insurance, especially if you're considering hurricane coverage. So I would say maybe one out of every 100 to 200 clients gets hurricane protection. But it's available and honestly, you really just want to make sure that it has up to code roofing and those standards and it'll be just fine.   Michael: Right on and kind of in the same vein as insurance. What are you seeing or do you have a good kind of ballpark estimate for clients and listeners about what insurance costs are in Florida?   Jeff: Absolutely, to keep it simple, like we did with the taxes, I would probably say that's very close to the 1% rule and probably even a little bit below that, a $400,000 home. I've seen quotes anywhere from 2800 to 3800. So if you use the 1%, it's going to be less but you know, as long as you're not in a flood zone and don't you know don't have any hazard or wind additional add ones, then that should be a perfect, perfect metric to keep track on.   Michael: Right on. Jeff, this has been super awesome, man. Any final thoughts, things tips tricks that folks should be aware of as they're investigating the Tampa market?   Jeff: Absolutely don't wait, don't sleep if you want something, get it now get it while it's hot, because it's only going up. I think we've been undervalued for a very long time. I think we're at market value now. But I think the you know, honestly, the 10 to 30 year window and long range gross of Tampa I think is going to pay massive dividends for whoever can get in there.   Michael: Right on and I guess my last question you, are you seeing stuff go over asking or are you still seeing things come under list price or how are you seeing that?   Jeff: The market right now is very weird. Only because I've been used to just stuff flying for 18 months now. With the rates kind of adjusting the way that they have been everything has slowed to a tolerable level instead of 20 offers on a home we have three to five, so it's still chaos, but it's controlled chaos and something we can all deal with a little bit. But yet if you're not offering asking, you're not getting the house, if you're not offering 10 grand 15-20 above the house, you're probably still not getting it if somebody else's cash. So it's, it's extremely competitive. You have to be willing to push that cap rate on your own and be ready for the appreciation and the rent growth next year to kind of float you to where you want to be.   Michael: Okay, so good to know, Jeff, our certified agent out in Tampa, and folks have questions for you want to get a hold up? Where's the best place for them to do that?   Jeff: Absolutely. Um, you can visit our website at any time https://sefair-inv.com or feel free to reach out to me directly. My cell phone and email will be left in the podcast notes and I'll be happy to do whatever you like.   Michael: Right on. Thanks so much Jeff, can't wait to hear from you to chat soon.   Jeff: Absolutely, buddy. Have a great day, thank you!   Michael: Thanks, take care. All right, everyone. That was our episode A big thank you to Jeff for coming on and hanging out with me. It was a lot of fun, super interesting and clearly he is jazz about the market. I think a lot of us should be too. As always, if you've liked the episode I would love, love, love to hear from you all check out some ratings or reviews from you all and just hear what you have to say about the show. We look forward to seeing on the next one and happy investing!

Startup Life Show with Ande Lyons
EP 197 Cold Calling to Connect with Customers and Investors

Startup Life Show with Ande Lyons

Play Episode Listen Later May 17, 2022 66:04


Are you uncomfortable picking up the phone and cold calling the key contacts you need to grow your startup or invest in your startup?Our guest, expert telemarketer, Queen of Conversation, and natural chatterbox, Wendy Harris loves helping people make their conversations count. Wendy has worked in the sales and communication industry for over 30 years, and now uses this knowledge to train others in telemarketing.Today she focuses on training others to make their conversations count and increase sales with her business WAG Associates, which she founded in 2005.Wendy is the author of the Training Handbook “Making Conversations Count – How to Sell Over the Phone,” and she is the host of a wildly popular podcast called “Making Conversations Count.”To learn more about Wendy's wonderful work in the world, please visit: https://wagassociates.com/Tune into Wendy's podcast Making Conversations Count here: https://makingconversationscount.studio/Wendy-HarrisConnect and follow Wendy via:LinkedIn: https://www.linkedin.com/in/wendyannharris/ and https://www.linkedin.com/company/wag-associates/ Twitter: https://twitter.com/wagassoc Thank you for carving out time to improve your Founder Game - when you do better, your business will do better - cheers!Ande ♥https://andelyons.com#bestyoutubechannelforstartups #coldcalling #makingconversationscountCONNECT WITH ME ONLINE: https://twitter.com/AndeLyonshttps://www.facebook.com/StartupLifew... https://www.linkedin.com/in/andelyons/ https://www.instagram.com/ande_lyons/ https://www.pinterest.com/andelyons/ https://angel.co/andelyons TikTok: @andelyonsANDELICIOUS RESOURCES:JOIN STARTUP LIFE LIVE MEETUP GROUPGet an alert whenever I post a new show!https://bit.ly/StartupLifeLIVEAGORAPULSEMy favorite digital marketing dashboard is AGORAPULSE – it's the best platform to manage your social media posts and presence! Learn more here: http://www.agorapulse.com?via=ande17STARTUP DOX Do you need attorney reviewed legal documents for your startup? I'm a proud community partner of Startup Dox, a new service provided by Selvarajah Law PC which helps you draw out all the essential paperwork needed to kickstart your business in a super cost-effective way. All the legal you're looking for… only without confusion or frustration. EVERY filing and document comes with an attorney review. You will never do it alone. Visit https://www.thestartupdox.com/ and use my discount code ANDE10 to receive 10% off your order.SPONSORSHIPIf you resonate with the show's mission of amplifying diverse founder voices while serving first-time founders around the world, please reach out to me to learn more about making an impact through sponsoring the Startup Life LIVE Show! ande@andelyons.com.STREAMYARD OVERLAYS AND GRAPHIC DESIGNNicky Pasquierhttps://www.virtuosoassistant.co.uk/Visit Nicky's CANVA Playlist: https://www.youtube.com/playlist?list=PLhUDgDHkkma3YhOf7uy8TAbt7HdkXhSjO

Learn Real Estate Investing | Lifestyles Unlimited
(May 17, 2022) Living on Passive Income Instead of Social Security

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later May 17, 2022 41:50


Robert T. was terrified to walk away from his highly successful property management career and corner office to be an independent real estate investor and entrepreneur but realizing his maxed out 401(k) would never be enough for him to retire, he joined Lifestyles Unlimited in 2017 and tells Al Gordon how he replaced his W2 salary with Multifamily real estate investments and RETIRED in 3 YEARS!   Click to Listen Now

Zeitfragen-Feature - Deutschlandfunk Kultur
Investor-Staat-Schiedsgerichte - Wie internationale Unternehmen nationales Recht aushebeln

Zeitfragen-Feature - Deutschlandfunk Kultur

Play Episode Listen Later May 17, 2022 28:51


Private Investor-Staat-Schiedsgerichte sollen Investoren vor staatlicher Willkür schützen. Doch in der Praxis hat sich eine milliardenschwere Schiedsgerichtsindustrie etabliert, die meist zulasten der Staaten geht. Warum ist das so?Von Thomas Kruchemwww.deutschlandfunkkultur.de, Zeitfragen. FeatureDirekter Link zur Audiodatei

Learn Real Estate Investing | Lifestyles Unlimited
(May 17, 2022) Tell Del Tuesday – The Freedom of Owning Your Time

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later May 17, 2022 42:23


After climbing the corporate ladder for 35 years, Robert T. was highly decorated within the property management industry and had over 90 properties and 26,000 units in his portfolio, but the closer he got to the top the more afraid he was of outliving his resources in retirement. Joining Lifestyles Unlimited in 2017, his eyes were opened to the benefits of investing in real estate and today tells Del Walmsley how he's increased his Net Worth 7x in 5 years while helping other members retire from their W2s and reclaim their time!  Click to Listen Now

How Did They Do It? Real Estate
SA435 | Reaping the Rewards of Leveraging the Compounding Effect in Real Estate with Jerome Maldonado

How Did They Do It? Real Estate

Play Episode Listen Later May 17, 2022 38:01


There is a power in persistence and continuous action in business and real estate, and Jerome Maldonado has a lot to say about it in today's episode. Have a close listen to his pouring wisdom and tips on building a business despite the ups and downs, the significance of mindset in becoming successful, and how to fast-track your career in the real estate world!Key Takeaways To Listen ForChallenges of being a real estate entrepreneurSignificance of a mindset shift in real estate successStrategies to take advantage of predicted down marketsBenefits of investing in real estate for you and your familyLearning the financial game and its impact on a faster success in real estateThe Importance of action and continuous learningResources Mentioned In This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive Investor About Jerome MaldonadoJerome Maldonado is a highly successful real estate investor, business owner, coach, and speaker. Inspired by his parents' dedicated work ethic, Jerome has always had a hunger for success and a willingness to do whatever it took to make his vision for his life a reality. Starting from scratch, he struggled for many years to get his business off the ground, but from this, he learned what it really takes to build an empire from the ground up.After years of honing his skills in sales, team building, and real estate concepts, Jerome finally built his first 6 figure business in his 20s. In 1998, Jerome pioneered a new construction company which he took to seven figures in less than one year. With much success came the need for expansion. Understanding the simple concepts and benefits of leasing real estate, he purchased multi-use retail and commercial property to house his business. Jerome found the traction and confidence which has allowed him to do millions upon millions of dollars in residential and commercial real estate transactions and holdings.Over the span of his 20-year career, Jerome has done over $200 million in in-house transactions, with another $52 million in 2021 alone. His unique ability to streamline results is what makes Jerome's knowledge and experience so powerful.  Connect with JeromeWebsite: Jerome MaldonadoFacebook: Jerome MaldonadoInstagram: @jeromemaldonado1Twitter: @JeromeMaldonadoLinkedin: Jerome MaldonadoYouTube: Jerome MaldonadoTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

Acquisitions Anonymous
Scaling Up - More brains, more cash, more momentum... more problems?! - Acquisitions Anonymous Episode 95

Acquisitions Anonymous

Play Episode Listen Later May 17, 2022 48:28


Bill D'Alessandro (@BillDA) and Mills Snell (@thegeneralmills) are joined by Kevin Lawrence and Brad Giles to talk about the Scaling Up methodology. We talk about:What is Scaling up? What business is it useful for? Scaling Up vs. EOS, What is the role of a CEO? How to hire a CEO?-----Thanks to our sponsors!* CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options.-----* Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.* Do you enjoy our content? Rate our show!* Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.-----Show Notes:2:25 - Brad Giles & Kevin Lawrence Introduction3:48 - What is Scaling Up?6:18 - What business would benefit from the Scaling Up Framework?10:00 - What kind of home-baked systems have you seen?12:07 - The four decisions in Scaling-Up 14:25 - What are the pain points for an entrepreneur that makes a Business Owner search for an applicable system?19:25 - What is the secret weapon of Scaling Up?27:53 - What are predictable issues of Scaling?33:24 - How do I know if I'm not scaling?38:00 - The problem with autocratic leadership42:22 - How do you hire a CEO?-----Links:* Brad & Kevin's Podcast ‘The Growth Whisperers'* Kevin's book Your oxygen mask first - The importance of CEOs* Made to Thrive - The five roles of a CEO* https://lawrenceandco.com/ * https://evolutionpartners.com.au/ -----Past guests on Acquanon include Nick Huber, Brent Beshore, Aaron Rubin, Mike Botkin, Ari Ozick, Mitchell Baldridge, Xavier Helgelsen, Mike Loftus, Steve Divitkos, Dzmitry Miranovich, Morgan Tate and more.-----Additional episodes you might enjoy:#90 Move over Elon - Here's what we'd do if we acquired Twitter#87 Yelp is not evil! Building a business using digital CAC - Featuring Johnny Robinson from Orange Window Cleaning#86 Rocketship your business with... Twitter?! - JK Molina gives a Twitter Masterclass Additional episodes you might enjoy:#79 What do Investors want? - Dig into an investor's mind with Bradford Hardin#75 SBA Loan Secrets with Heather Endresen, expertise from a Billion-Dollar Loaner

Faith Driven Entrepreneur
Episode 203 - Hunting for the Outcast with Helen Young Hayes

Faith Driven Entrepreneur

Play Episode Listen Later May 17, 2022 43:38


A 20-year veteran of the financial industry, Helen Young Hayes has survived a bear market that gutted her funds portfolio in the early 90's and a horrific plane crash that nearly took her life in 1989. Serving as portfolio manager of the Janus Worldwide and Overseas funds, Helen built and invested a $50 billion franchise in global and international equities. In 2016, she changed course and founded Activate Workforce Solutions to help employers find and keep loyal and engaged employees. Helen is a respected voice and staunch advocate for the overlooked and undervalued workforce.

Fintech Beat
Robinhood on Volatility, Regulation, and the New Retail Investor

Fintech Beat

Play Episode Listen Later May 17, 2022 32:51


Chief Legal Officer Dan Gallagher joins Fintech Beat to talk about what changes in the economy and regulation mean for the company. Learn more about your ad choices. Visit megaphone.fm/adchoices

Explore the Circular Economy
Circular economy innovation: The roles of investors, corporates and cities

Explore the Circular Economy

Play Episode Listen Later May 17, 2022 39:48


Across this mini series on the podcast, we've been exploring the potential of a circular economy that is regenerative by design and discussed examples of where it is already happening today.In this episode, we dig into what will be needed to make that happen. Featuring perspectives from a large business, city policymakers and investors - but also successful circular economy startups - we aim to challenge the perception that this is only about activating more money and explore the wider shift that is needed to really make the economics work.Guests include; Safia Qureshi (ClubZero), Jessica Viera (Apeel), Oriana Ramano (OECD), Lamia Sbiti (ReLondon), Jamie Butterworth (Circularity Capital), Georgia Sherwin (Closed Loop), and Aline Casegrande (ABinBev).This is the final part of a four-part podcast series revisiting some of the highlights from the Ellen MacArthur Foundation's Innovation Day event at the Roundhouse on March 31st. Subscribe to our podcast so you never miss an episode!Learn more about Club ZeroWatch Seb's conversation with Oriana Ramano from OECD) and Lamia Sbiti from ReLondonSee Emily's conversation with Jamie Butterworth from Circularity Capital and Georgia Sherwin from Closed LoopFind out more about the Ellen MacArthur Foundation

BiggerPockets Real Estate Podcast
610: Live Takes: The 5,000 Mile Away BRRRR (REALLY Long-Distance Investing)

BiggerPockets Real Estate Podcast

Play Episode Listen Later May 17, 2022 78:37


Building a house vs. buying a house—which makes more sense for today's investor? With home prices rising faster than many of us have ever seen before, more and more real estate investors are asking whether or not building their rentals is a smarter idea. And who can blame them? Building a rental property can seem like a great way to minimize acquisition costs, but this is only true in certain circumstances, which many investors just won't fit into. Welcome to Live Takes where Henry Washington, investor and On The Market guest host, joins David Greene for a live real estate Q&A. David and Henry invite four investors onto the show today to talk about each of their passive income predicaments. These topics include buying vs. building a home, how to get out of a bad BRRRR, whether or not it's too late in life to invest in real estate, and how to invest out-of-country.Want to ask David a question? If so, submit your question here so David can answer it on the next episode of Seeing Greene or Live Takes. Hop on the BiggerPockets forums and ask other investors their take, or follow David on Instagram to see when he's going live so you can hop on a live Q&A and get your question answered on the spot! In This Episode We CoverBuying vs. building rental properties and which decision makes sense for which investorWhat to do when you go over budget on a rehab, flip, or BRRRR investmentHow to invest and scale a real estate portfolio when getting started later in lifeWhether to invest long-distance or stick it out in your local market Mitigating risk and keeping your cash flow rolling when stuck in a bad dealHow to finance land purchases and using a backwards BRRRR method to do so And So Much More!Links from the ShowBiggerPockets Youtube ChannelBiggerPockets ForumsBiggerPockets Pro MembershipBiggerPockets BookstoreBiggerPockets BootcampsBiggerPockets PodcastGrab Your Tickets for BPCon 2022BiggerPockets Money PodcastReal Estate Rookie Podcast5 Ways to Avoid Going Over Your Flipping BudgetIs it Better to Build New or Renovate Existing Homes as an Investor?David Greene | BiggerPocketsDavid Greene MeetupsDavid Greene TeamClick here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-610See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing
Jordan Gaspar (AF Ventures) - How she transitioned from law to investor, when brands are going omnichannel, and her approach to portfolio construction

The Consumer VC: Venture Capital I B2C Startups I Commerce | Early-Stage Investing

Play Episode Listen Later May 17, 2022


Our guest today is Jordan Gaspar, the Managing Partner at AF Ventures. AF Ventures is dedicated to growing the next generation of brands, having invested in Circul, By Heart and Harmless Harvest. We discuss how she founded AF Ventures and leveraged her network as a lawyer, and how she thinks about growth for digitally native brands in this current age. Some of the questions I ask her: Can you please share a little about AF Ventures background? What was your initial attraction to consumer brands? How has AF Ventures evolved over the past few years? What are the most recent trends within consumer that you are most passionate about? How has COVID impacted recent trends? Does a product “need to work in retail” for you to invest? Why did you decide to raise a SPAC? We've also seen incredible growth from brands despite global supply chain issues. As an investor and advisor, how do you navigate or comprehend where we are currently at? What's one thing you would change about venture capital? What VC advice do you have for entrepreneurs/founders?

The Stack Overflow Podcast
Open-source is winning over developers and investors

The Stack Overflow Podcast

Play Episode Listen Later May 17, 2022 16:03


Supabase, the open-source database-as-a-service company, raised $80 million in Series B funding in a round led by Felicis Ventures. In case you were wondering: YYes, the company is named for the Nicki Minaj song!.Today in tech recs: Cassidy recommends budgeting app Lunch Money for everything from crypto to cash. Matt recommends Magnet for window management.Today's Lifeboat badge goes to user dfrib for their answer to Error "nil requires a contextual type" using Swift.

TD Ameritrade Network
Travel Stocks Lower With Recovery Already Priced In: EXPE, ABNB, BKNG

TD Ameritrade Network

Play Episode Listen Later May 16, 2022 5:25


Expedia (EXPE) stock price today was down over 6% and hit a 52-week low. "The recovery of the travel stocks is already priced into the prices. Investors are now questioning whether a recession or higher inflation will happen," says Jed Kelly. Oppenheimer has a market perform rating for the EXPE, ABNB, and TRIP stocks. Can Expedia's CEO, Peter Kern, execute a strategy in a competitive environment? Also, Oppenheimer has an outperform rating for the Booking (BKNG) stock. "Will Airbnb (ABNB) have enough supply to fulfill the demand? The app changes are trying to mitigate this," Kelly adds.

TD Ameritrade Network
RISR ETF: How Investors Could Hedge Against Rising Inflation

TD Ameritrade Network

Play Episode Listen Later May 16, 2022 8:23


Inflationary episodes like the current one are almost always multi-year events, says Dean Smith. He discusses FolioBeyond Rising Rates ETF (RISR). He talks about how the Fed is dealing with rising rates and how that effects RISR. He then goes over how investors could hedge against rising inflation, as well as monitoring trends in rising inflation. Tune in to find out more.

Real Estate News: Real Estate Investing Podcast
What's California Doing About Coastline Erosion?

Real Estate News: Real Estate Investing Podcast

Play Episode Listen Later May 16, 2022 5:52


Dealing with sea level rise along the California coast is not going to be easy. One of the options that cities are encouraged to consider is something called “managed retreat.” In a nutshell, that's when homes are moved away from the coast as it crumbles toward the sea. With so many expensive California homes perched on oceanside cliffs, the idea has become very controversial. There's even debate over the use of the term “managed retreat.” (1)Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Managed retreat is a concept that's been around for a while. It's been used after natural disasters that have flooded whole communities. As reported by the SF Chronicle, The town of Soldiers Grove, Wisconsin, began relocating about 600 homes in 1979, after the Kickapoo River had flooded 25 times. It cost more than $27 million in federal, state, and local funds to buy new land and move 70 buildings, including 24 homes.“Managed Retreat” to Fight Rising Sea LevelsNow, with increased concern about rising sea levels because of climate change, there's been more discussion about how to deal with it, and “managed retreat” is one of the options. But it's not being embraced by everyone. Managed retreat is something that goes against the desirability and value of oceanside real estate.As the Chronicle reports, it “represents a radical departure from decades of coastal development philosophy and runs counter to our proclivity to build houses and cities up against the ocean.” And now cities along the shore have a tremendous challenge to deal with. As UC Santa Cruz professor, Gary Griggs, puts it: “Dealing with sea level rise and (cliff) retreat… is the biggest challenge that human civilization may ever have to face.”The Cost of California Sea Level RiseIn a 2019 study that was published in the journal Scientific Reports, researchers estimated that sea level rise along California's 1,271 mile-long coast could negatively impact $150 billion in property and 600,000 people. Two thirds of the impact is expected to hit the San Francisco Bay Area. But the same study predicts substantial erosion in Southern California over the next 80 years, and the disappearance of 67% of its beaches.California has already tried to fight erosion with other less aggressive measures such as seawalls, the reinforcing of cliffs, and the building of levees and jetties. Professor Griggs says the state has used these methods to protect about 10% of the coastline, but they are expensive and they don't last forever. They need maintenance and updating in the race to keep ahead of climate change.In some places, sand has been added to help keep the ocean at bay. The city of Santa Cruz has been doing this for decades. The Chronicle reports that Santa Cruz has dumped additional sand onto beaches 58 times since 1965. The price tag? Almost $18 million.Pacifica's Crumbling Cliff and Lost HomesOne well-known example of the need for the relocation of homes has made headlines in San Mateo County. Winter storms in 2010 and 2015 caused so much damage to the cliff along Esplanade Drive in Pacific, the city was forced to condemn, purchase, and demolish several homes and apartment complexes. But even in a situation like this, it is not easy to tell people they must relocate because homes are at risk of falling into the sea. In 2015, the Coastal Commission asked cities to study how they would deal with sea level rise. Pacifica considered the use of managed retreat but after feedback from the community, rejected it. The city council said that it did not align with the city's goals or the desires of the residents.SF State economist Philip King told the Chronicle: “When you ask people to leave their homes, even if you could fully compensate them 100% economically, you still would be pulling them away from their community.” He says: “It's an issue we're going to have to face in California.”The Term “Managed Retreat” Conveys “Defeat”The term “managed retreat” also sounds too much like “defeat” for some people. An article in Slate suggests changing the term to something more obscure like “managed realignment” or “planned relocation.” Or maybe something like “aggressive resilience” or “strategic advance” which sound more proactive. (2)One city that's embracing the idea of managed retreat is the city of Marina in Monterey County. Officials there have created a plan that allows for some amount of property relocation. That includes support from the owner of a beach resort who will have to move some buildings.One of the co-authors of a UC Santa Cruz paper on Marina said in the report: “So there are cases in which private property owners have seen the writing on the wall and they know that they're not going to be able to constantly rebuild their infrastructure after flooding and erosion. They are on board with the plan, and they want to help preserve the community.” (3)You can read more about this topic by following links in the show notes at newsforinvestors.com.Also, please remember to hit the subscribe button, and leave a review!You can also join our real estate investor network for free at newsforinvestors.com. That gives you access to the Investor Portal where you'll find information on rental markets and sample property pro-formas. You can also connect with our experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and more.Thanks for listening. I'm Kathy Fettke.Links:1 -https://www.sfchronicle.com/travel/article/California-coast-sea-level-rise-17091737.php2 -https://slate.com/technology/2022/04/managed-retreat-climate-change-language.html3 -https://www.eenews.net/articles/managed-retreat-unpopular-expensive-and-not-going-away/

The Defiant
Terra Post Mortem and Future with Kevin Zhou, One of the Few Investors Who Predicted the Crash

The Defiant

Play Episode Listen Later May 16, 2022 57:40


Kevin Zhou is the founder of crypto quant fund, Galois Capital and former head of trading at Kraken. Last week, Terra, one of the most prominent ecosystems in crypto, effectively disintegrated in days. Its native token Luna had over $40 B in market cap at its peak, and nearly all of it was wiped out while UST, which was supposed to be a stablecoin worth $1 crashed. It was a historical moment in crypto as never before had a project that big, crashed so hard, so quickly. Kevin was one of the few who saw it coming and predicted the fall just a couple of months ago. In this interview, he talks about the red flags that helped him get to that conclusion. We also talk about whether there's any hope for algorithmic stablecoins and explore potential alternatives for this type of asset. Kevin discusses the ripple effects we're already seeing in crypto and more broadly, what to expect for the coming bear market.

The Flip Empire Show
EP622: Mastermind Call w/ Storage Investors Revealed: The Formula for Finding "A-Player" Team Members

The Flip Empire Show

Play Episode Listen Later May 16, 2022 13:45


Are you wondering whether to hold or sell your facilities? Learn from high-caliber investors Jon Farling, Mike Casey, and Kevin White as they pool their experience on how to maximize your storage investments and ensure improved cash flows. Don't miss this complete pack of knowledge and strategies to achieve a bigger vision for success!  KEY TAKEAWAYS Why should you consider hiring assistants and where to find them? Positive way to deal with frustrations The value of having far larger goals in all of your investments Marketing strategies for self-storage investing How genuine conversations can leverage connections     RESOURCES/LINKS MENTIONED Traction by Gino Wickman | Paperback Good to Great by Jim Collins | Hardcover Jon Farling in The Flip Empire Show (episode 488) Indeed Wizehire Upwork Onlinejobsph U-Haul Truck Share 24/7     TWEETABLES “Once I started to get some of the stuff off my plate and free up some of my mental space, I think I will be able to accelerate my storage investing” Kevin White “Don't be frustrated, I was frustrated too, but from what I'm finding is, we all go through this at some point.” - Jon Farling     ABOUT JON FARLING Jon is from Ohio and is an entrepreneur and a self-storage investor since 2019. He first started investing in real estate with rental homes for single families and later transitioned to his current niche and has been successful ever since his very first acquisitions. His portfolio in self-storage investing has long been growing after doing it full-time.     ABOUT MIKE CASEY Mike is the Chief Executive Officer (CEO) of Casey Investment Group. He has great experience in commercial and residential real estate investing as well as lending. His journey in self-storage investing has long been successful.     ABOUT KEVIN WHITE Kevin is an investor of Revive Property Solutions, Inc. and currently manages a self-storage facility in Tennessee, where he is from. Kevin has been expanding his portfolio in self-storage investing up to this day.     ASCEND Don't Wait To Enjoy Your Life, Tomorrow, Live It Today! How To Grow Your Business, Expand Your Impact, and Experience Your Perfect Life:  

Learn Real Estate Investing | Lifestyles Unlimited
(May 16, 2022) Multifamily Passive Investor RETIRES and Lives the Lifestyle! 

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later May 16, 2022 42:20


Decades ago, Kevin M. dipped his toes into rental real estate with disastrous results so never thought he would try it again. Discovering Lifestyles Unlimited in 2012, he was blown away by the education and information available as a member and today tells Mike Harrison how he replaced his W2 paycheck and RETIRED in less than 5 years by investing entirely passively in Multifamily apartment communities!  Click to Listen Now

Learn Real Estate Investing | Lifestyles Unlimited
(May 16, 2022) The Difference Between Experts & Expert Advice

Learn Real Estate Investing | Lifestyles Unlimited

Play Episode Listen Later May 16, 2022 41:47


Rising from humble beginnings to become a successful business entrepreneur, self-made multi-millionaire, and multi-award-winning real estate investor, Del Walmsley learned how to get the right answer from the right people. Today he talks about the importance of embracing actionable knowledge over titles and/or presumed expertise. Click to Listen Now

Money Matters with Wes Moss
Is There Relief For Investors From Brutal Markets In 2022?

Money Matters with Wes Moss

Play Episode Listen Later May 16, 2022 39:28


The start of 2022 has led the market into a rough patch. As many of us feel the pain of market volatility, we can't help but wonder if there's any relief in sight for stocks, bonds, the economy, interest rates, inflation, and additional factors that influence the success of our investment portfolios. In this episode, Wes discusses the market volatility that many investors have faced so far in 2022 and shares his perception of what the rest of the year could look like. He also reveals how a highly diversified, stable portfolio allows you to overcome decline, shares statistics surrounding market volatility, and reviews declines in history to unveil the impact on bonds and stocks. Finally, Wes describes the importance of not selling out to trade short-term relief for long-term regret, weighs in on if he sees another recession on the horizon, and uncovers the best armor as an investor to help families work towards their retirement goals. Learn more about your ad choices. Visit megaphone.fm/adchoices

Millionaire Mindcast
Why Wine Has Become The Newest Asset Class To Produce Big Returns That Investors Can No Longer Ignore | Anthony Zhang

Millionaire Mindcast

Play Episode Listen Later May 16, 2022 38:02


In this episode of the Millionaire Mindcast, we have an amazing guest, Anthony Zhang. Co-founder and CEO of Vinovest. And today they will talk about why wine has become the newest asset class to produce big returns that investors can no longer ignore. This and more on today's show so tune in, take notes, Enjoy! Connect with Matty A. and Text me to 844.447.1555  Show Brought To You By: TheRichLifeAcademy.com Episode Sponsored By: TheRichLifeStore.com Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to Questions@MillionaireMindcast.com

How Did They Do It? Real Estate
SA434 | Real Estate Development: Generating Ideas to Building Real Properties with Maya Theuer

How Did They Do It? Real Estate

Play Episode Listen Later May 16, 2022 31:37


What does it take to become a real estate developer? Maya Theuer will pour her insights and experience in today's episode about how to secure an internship in a development company, stand out and be taken seriously in this field, and tips for overcoming the challenges of building multifamily properties. Learn as you listen to this meaningful conversation!Key Takeaways To Listen ForHow to become an intern in a real estate development companyTips for acquiring must-have real estate developer skillsWays to express confidence when making deals and offersChallenges of being a real estate developer and how to overcome themStrategies to meet stakeholders' expectations in a projectImpacts of real estate developers on neighborhoods and people's livesResources Mentioned In This EpisodeFree Apartment Syndication Due Diligence Checklist for Passive Investor About Maya TheuerMaya Theuer graduated from Stanford University with a degree in Mechanical Engineering. Knowing that real estate development was her passion, she started in real estate consulting, graduated to real estate private equity, then jumped into development. After delivering several projects throughout the Bay Area, she founded Redwood Residential. She now builds institutional-scale market-rate multifamily projects largely in the Greater Sacramento market. Connect with MayaWebsite: Redwood ResidentialEmail: maya@redwoodresi.comTo Connect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

Passive Wealth Strategies for Busy Professionals
Staying Competitive in a Hot Real Estate Market with Dom Santaniello

Passive Wealth Strategies for Busy Professionals

Play Episode Listen Later May 16, 2022 40:30


Dom is currently Co-Owner of Naples Home Buyers & Naples Realty Group, an active Landlord and is a Licensed Real Estate Broker in Mass & CT. Prior to working as a Real Estate Broker, Investor and Entrepreneur, he worked as a Natural Gas Pipeline Engineer for Kinder Morgan, the third-largest energy company in North America. Dom earned a Bachelor of Science in Civil Engineering from The University of Hartford where he graduated in the top 10% of his class. Dom has also earned a Master's Degree in Business Administration from American International College.   Outside of the office, Dom resides with his fiancé, Claire, in Western Massachusetts. He promotes living a healthy, active lifestyle and enjoys giving back to the community. As a passionate real estate professional, Dom actively participates in local networking & mentoring events, real estate podcast shows and also sits on the Board of Advisors for Mass Landlords. Dom is also an avid golfer and belongs to the Springfield Country Club & GreatHorse.   [00:01 - 08:55] Opening Segment Dom's biggest success and the biggest challenge in the real estate industry How Dom's brokerage attracted like-minded individuals, leveraging their first-time homebuyer program to get into multifamily properties, and then scaling quickly to become a dominant player in the market   [08:56 - 20:32] Staying Competitive in a Hot Real Estate Market Multifamily investors need to build an ironclad system to service their leads and be consistent in their marketing efforts How to Keep Your Conversion Rates High How Engineers Systemically Design Systems   [20:33 - 28:44] Invest on You Branding Properties that are good investments and have low turnover rates tend to have higher cap rates and be more predictable in terms of cash flow Don and Luke talk about an experience with their intern Don talks about how important it is to have a good brand and logo, especially when starting out   [28:45 - 40:30] ClosingSegment Quick break for our sponsors The first step to growing your wealth is tracking your wealth, income spending and everything else about your finances, you can start tracking your wealth for free and get six free months of wealth advisor. Learn more about Personal Capital atwww.escapingwallstreet.com   Connect with Dom dom@naples-group.com and www.naples-group.com.   Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/ Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. Join our Passive Investor Club for access to passive commercial real estate investment opportunities. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes             Tweetable Quotes: "Controlling that pipeline is the key. And the way you control it is by funding your marketing and always having opportunities in the backlog." - Dom Santaniello "I think really a bigger investment is just in your brand." - Dom Santaniello

The Fearless Agent Podcast
Episode - 181 Fearless Agents Get the Attention of The Client!

The Fearless Agent Podcast

Play Episode Listen Later May 16, 2022 25:25


Fearless Agent Coach & Founder Bob Loeffler shares how Actor Will Smith & Comedian Chris Rock know how to get your Attention! Fearless Agent Coaching is the Highest Results Producing Real Estate Sales Training and Coaching Program in the Industry and we can prove it will work for you if it's a good fit! Call us today at 480-385-8810 to see if it may be  good fit for you! Telephone Prospecting for Realtors means Cold Calling, Door knocking, Calling for Sale By Owners, Calling Expired Listings, Calling your Sphere of Influence, Farming, Holding Open Houses, but Fearless Agent Coaching Students di all of these completely differently and get massively better results! Find out how! Listen in each week as Bob gives an overview and explains the big ideas behind making big money as a Fearless Agent! If you are earning less selling real estate than you wish you were, and you're open to the idea of having some help, We are here for you! You will never again be in a money making situation with a Buyer, Seller or Investor and not have the right words! You will be very confident! You will be a Fearless Agent! Call Bob anytime for more information about Fearless Agent Coaching for Agents, Fearless Agent Recruiting Training for Broker/Owners, or hiring Bob as a Speaker for your next Event! Call today 480-385-8810 - or go to https://fearlessagent.com  Telephone Prospecting for Realtors means Cold Calling, Door knocking, Calling for Sale By Owners, Calling Expired Listings, Calling your Sphere of Influence, Farming, Holding Open Houses, Spin Selling, but Fearless Agent Coaching Students do all of these completely differently and get massively better results! Find out how! Are You an Owner of a Real Estate Company - need help Recruiting Producing Agents - Call today! 480-385-8810 Real Estate coaching  training  Real estate training real estate coaching real estate speaker real estate coach real estate sales sales training realtor realtor training realtor coach realtor coaching realtor sales coaching realtor recruiting real estate agent real estate broker realtor prospecting real estate prospecting prospecting for listings calling expired listings calling for sale by owners realtor success Best Realtor Coach Best Realtor Coaching Spin Selling See omnystudio.com/listener for privacy information.

The NatureBacked Podcast
Speedinvest Looks For Further Climate Tech Investments

The NatureBacked Podcast

Play Episode Listen Later May 16, 2022 27:50


Speedinvest was among the first European early-stage VC firms when its founders started to take Silicon Valley's getting-hands-dirty practices from their own entrepreneurs' journey to the Old Continent, said investor Andreas Schwarzenbrunner.Vienna-headquartered Speedinvest has invested in some 250 companies, including 20 investments in climate tech startups. The firm manages assets of about half a billion euros.**A few key takeaways from Andreas Schwarzenbrunner:**"I think there's a gap between the software digital-focused climate tech companies versus ones that are really into more development of new ideas, R&D, infrastructure, and hardware."**"I think there the investor scene needs to adapt because if you're serious about climate tech, and if you are serious about decarbonization, and reducing emissions, the investor scene, including us, has to realize that there is no way around hardware.At the end of the day, if you really look at the hard problems in climate tech, there are so many things that can't be solved otherwise. It's about reducing emissions when you use concrete and steel; it's about new ways of electrified mobility and charging infrastructure.If you look at energy storage and hydrogen solutions, there's no way around building the storage facilities and all those things. Investors need to adapt and realize that if you're serious about it, you have to tackle these problems."**"We also see that this climate tech is basically a maturing asset class ... you can see the rise of investors in climate tech, money that goes into that space. And for us, we also want to double down on this, and we want to continue to invest and even invest more in climate tech companies over the years to come."**

Earnings Season
Analyst/Investor Day - Cloudflare, Inc.

Earnings Season

Play Episode Listen Later May 16, 2022 84:37


Analyst/Investor Day - Cloudflare, Inc.

Fire in The Belly
E297: “Audacity or Death” – Roy Osing Interview

Fire in The Belly

Play Episode Listen Later May 15, 2022 101:17


Roy is passionate about business and running them authentically. After a career as a CMO, working for one company in different capacities, he began to write books about his experience. We have an intriguing conversation about what makes businesses and people successful, how they can stand out and how people can make their dreams come true.   KEY TAKEAWAYS + success equals 20% planning, 80% execution. + Certain things need to have the fingerprints of leadership; they can't be delegated. + Who are you? Use your character to inspire your business decisions; sometimes it's better to ask for forgiveness than permission. + Is it real? Does it represent something you care about? Is it true?   BEST MOMENTS “What I care about is how you're going to apply that knowledge to execute my strategy.” “I love blank paper because as I said earlier, creativity starts with the unknown. I believe that; I have experienced that. The difference is I'm not willing to start when there's something already on the page.” “Success comes through getting a nano-inch of progress as fast as you can.... I've learned the power of loyalty, that was one of the most underrated concepts in business.” “We didn't have any inertia built into the business. You can do whatever you want. If you have motivation in your leaders, you can get it done.”   ABOUT THE GUEST Roy has worked in business for over 20 years. As the president of a major data and internet company, his leadership took the company to $1 billion in annual sales. He is devoted to inspiring leaders, entrepreneurs and organizations to stand apart from the usual boring crowd and achieve their true potential. Over the past decade he has pivoted to writing down his experience in a series of books; his latest will be launched at the end of May 2022. Roy lives in Vancouver.   CONTACT METHOD The Be Different or Be Dead website https://www.bedifferentorbedead.com/ Roy on LinkedIn https://www.linkedin.com/in/royosing/?originalSubdomain=ca Roy on Twitter https://twitter.com/royosing Roy on Facebook: https://www.facebook.com/roy.osing   ABOUT THE HOST The ‘Mighty Pete Lonton' from the ‘Mighty 247' company is your main host of ‘Fire in The Belly'. Pete is an entrepreneur, mentor, coach, property Investor, and father of three beautiful girls. Pete's background is in project management and property, but his true passion is the ‘Fire in The Belly' project itself. His mission is to help others find their potential and become the mightiest version of themselves. Pete openly talks about losing both of his parents, suffering periods of depression, business downturn and burn-out, and ultimately his years spent not stoking ‘Fire in the Belly'. In 2017, at 37 years of age that changed, and he is now on a journey of learning, growing, accepting, and inspiring others. Pete can connect with people and intuitively asks questions to reveal a person's passion and discover how to live their mightiest life. The true power of ‘Fire in The Belly' is the Q&A's - Questions and Actions section. The ‘Fire in The Belly' brand and the programme is rapidly expanding into podcasts, seminars, talks, business workshops, development courses, and rapid results mentoring.   CONTACT METHOD https://www.facebook.com/mightypetelonton/ https://uk.linkedin.com/in/mightypete https://www.facebook.com/groups/430218374211579/ Support the show: https://www.facebook.com/groups/430218374211579/ See omnystudio.com/listener for privacy information.

The Peter Schiff Show Podcast
Consumers Worried About Inflation. Investors Worried About the Fight. – Ep 810

The Peter Schiff Show Podcast

Play Episode Listen Later May 15, 2022 55:14


· More downside to go as investors panic buy stocks. · Robinhood will ultimately go bankrupt. · Jerome Powell gets reappointed as Fed chair. · Consumers are borrowing more, despite rate hikes. · Oil positioning for a big move up. Thanks to The Jeffrey Verdon Law Group. Go to https://jmvlaw.com and mention my name for 50% off your initial consultation. Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://peterschiff.locals.com/ to become a member. Invest like me: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff

Defense & Aerospace Report
Defense & Aerospace Report Podcast [May 15, '22 Business Report]

Defense & Aerospace Report

Play Episode Listen Later May 15, 2022 52:19


On this episode of the Business Podcast, sponsored by Bell, our guests are “Rocket Ron” Epstein, PhD, of Bank of America Merrill Lynch, Richard Aboulafia of AeroDynamic Advisory and Sash Tusa of Agency Partners. Topics: — Analysis of the biggest sustained drop on world markets since 2008 and how aerospace and defense equities fared — Disconnect between stately pace of US and European defense spending in wake of Russia's war on Ukraine and investor expectations of rapid budget increases — Defense industrial implications of Finland's decision to join NATO, with Sweden expected to follow soon, and Britain's security agreements with Helsinki and Stockholm — Security agreement between Japan and UK and whether Japan and Saudi Arabia might be the next partners in the British-led Tempest next-generation fighter development program and what expanded membership means for other Italy and Sweden that are already part of the effort — Investors punish Boeing stock over company's debt loading and whether new management needed in wake of program missteps — Speculation that Boeing might end troubled development of 777X, a view the firm has dismissed   — Reuters report that Federal Aviation Administration has concerns with Boeing's proposed fixes to 787 jetliner, production of which has been suspended over manufacturing concerns  — Comac's 919 regional airliners moves toward service — Update on US Army Aviation's approach to modernization that will include Future Long-Range Assault Aircraft program that will be downselected in September as well as sustained role for UH-60 Black Hawk helicopters

Der immocation Podcast | Lerne Immobilien
275 | Profi-Investor: Mit diesem Szenario rechne ich jetzt (Gespräch mit Markus Beforth)

Der immocation Podcast | Lerne Immobilien

Play Episode Listen Later May 15, 2022 26:18


Sun, 15 May 2022 15:00:00 +0000 https://immocation.podigee.io/1112-neue-episode fa141a916d06563901ce994bf67dea64 immocation. Lerne Immobilien. Links aus der Episode: Bewerbe dich jetzt für die immocation Masterclass https://immocation.de/masterclass/?utm_source=podcast&utm_medium=social&utm_campaign=p_275

Best of US Investors's Podcast
Turn This Market Around - We Can Do this If We Work Together

Best of US Investors's Podcast

Play Episode Listen Later May 15, 2022 17:51


StockCard.io is free to use. However, I recommend upgrading to VIP for unlimited access to all features.❤

TerraWatch Space
#35: From a Software Entrepreneur to a Space Tech Investor - Jonathan Lacoste, SpaceVC

TerraWatch Space

Play Episode Listen Later May 15, 2022 44:46


Quick housekeeping: I am going to go back to a biweekly cadence from June, now that I have published lot of what I had in my backlog. So, you are going to have more time to listen to every episode and I am going to have more time for editing :) Cheers! ---- Today I am speaking with Jonathan Lacoste, General Partner at SpaceVC, a venture capital firm investing in space companies. I was keen on getting Jonathan on the podcast because he has quite an interesting story. In 2011, he co-founded Jebbit, an enterprise software company, built it and scaled it into a multi-million dollar businesses. Following that, he decided to get into the space industry as an investor. In this episode, we discuss the journey of his transition into space tech, his thoughts on state of the space industry, venture capital and space, learnings from enterprise software that are relevant for space tech and more. --- 00:56: Jonathan's journey 06:35: Transitioning from enterprise software to space 12:25: How to navigate the way into space tech 17:25: State of investing in space tech 22:24: Thesis for SpaceVC and the "due diligence" process 28:52: Earth observation 2.0 and transferable learnings from enterprise software 33:23: Markets that Jonathan as a VC is not very optimistic about 35:03: Why "outsourcing of space" will be the next big thing in space tech 38:35: Worries about the state of the space industry 42:30: Wrap-up ---

How to Scale Commercial Real Estate
How To Become a Realtor-Investor & Get Out Of The Daily Hamster Wheel

How to Scale Commercial Real Estate

Play Episode Listen Later May 15, 2022 15:23


Real estate has many moving parts and it takes a lot to make sure everything's going smoothly. In this episode, Justin Brennan of The Brennan Pohle Group joins us to discuss how he and his team are running a tight ship and successfully scaling their business. He goes in-depth on doing proper due diligence and managing worksites and contractors.      [00:01 - 05:59] Don't Go Big Too Soon Justin's background and his team's measured approach to investing Setting up operations and logistics in advance Careful due diligence before doing deals   [06:00 - 14:29] Properly Managing Contractors  Spending time talking to contractors and visiting their worksites Understanding their software, billing, and supply chain The importance of having a foreman on site Don't hire cheap contractors Considerations before paying contractors in advance   [14:30 - 15:22] Closing Segment Reach out to Justin!  Links Below Final Words Tweetable Quotes   “Don't go big too soon despite what you know. Some people say you're going to make mistakes, just don't make big ones.” - Justin Brennan   “Nobody's going to watch your money like you're going to watch your money. You can't expect people to watch your money like you're going to watch it because they're not getting paid your money.”  - Justin Brennan -----------------------------------------------------------------------------   Connect with Justin! Head over to The Brennan Pohle Group website or follow him on LinkedIn. 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:   Justin Brennan  00:00 Nobody's gonna watch your money like you're gonna watch your money and you can't expect people to watch your money like you're gonna watch it. Because they're not getting paid your money. So for you to say, Oh, I expect them to like work harder do this well, okay, well then give them a piece of the equity and maybe they will. But yeah, no one's gonna work the way you're gonna work. No one's gonna protect your money or your investors' money the way that you are either.    Intro  00:18 Welcome to the How to Scale Commercial Real Estate Show. Whether you are an active or passive investor, we'll teach you how to scale your real estate investing business into something big.     Sam Wilson  00:30 Justin Brennan is the CEO and multifamily investor of the Brennan Pohle Group. They own over 500 units. He's also a real estate broker. Justin, welcome to the show.   Justin Brennan  00:39 Thanks for having me on, man. I appreciate it.   Sam Wilson  00:41 Hey, man, the pleasure is mine. There's three questions I ask every guest who comes on the show: in 90 seconds or less, can you tell me where did you start? Where are you now? How did you get there?   Justin Brennan  00:50 Well, we started in 2010 was the first investment we bought in that was $100,000 condo in the midst of the financial crisis in Murrieta, California, of all places, which is actually the heart of the financial crisis, right in Riverside County. The irony in that, and then that kind of grew from a single condo investment rental property into two to four-unit deals, then we got into five to 10, then 20 to 50. And then now we're into the 90 plus 100 plus unit space, and then you're starting to hit those 200 unit deals.   Sam Wilson  01:21 Got it. I love that it sounds like you guys have taken a very measured approach to your investing. What have been some of the things you feel like you've done really well?   Justin Brennan  01:30 The logistics of setting up operations, especially from going in state to out of state investing, you know, we kind of mastered the different size of deals, not getting too big, too fast. You know, you hear from some syndicators and guys saying, I'll just go big, go big, and, you know, I get it, I get the thought, in theory, they're accurate. But the thing they're missing is that first of all, they never started big. So I don't know how they say that. Number two, there's more zeros in the big stuff and more big mistakes you're gonna make because you're gonna make mistakes. And so I'd rather make mistakes with smaller zeros where you can recoup that versus making a mistake that's 100 to 200 to a million-dollar mistake. And so managing those mistakes to where they were minimized and learning about along the process to where, you know, now we're at a point where you learn as you go is a part of that too. And now I feel like okay, we've gotten through some of those pains to where I'm not going to make the same mistakes twice. I mean, we're dealing with larger numbers, now you're dealing with $30, $40, $50 million deals or not 2 million, right? Or 500,000. So big difference.    Sam Wilson  02:37 Big, big difference there. When you say you got the logistics of operations figured out. What does that mean to you?   Justin Brennan  02:43 Yeah, so when you're going out of state because it was the big thing for us in 2017-18 said, okay, you know, we're in California, it's not the cheapest place to live, we want to grow. So we had to set up operations outside and my business partner Christopher Pohle had ended up purchasing a ranch outside of Austin. So that was kind of now second headquarters was outside of Austin's now we had Midwest and then west coast. And then going into each market, we were interested in primarily Midwest being Kansas City in Missouri, we got Oklahoma, Texas, Alabama, stuff like that, Tennessee, in setting up operations about six to nine months in advance, actually pulling in deals. And when I say operations, I mean property management companies, construction crews, logistics, legal accounting, all those things that you're going to deal with from kind of the back office side of things, lay of the land, good neighborhoods, bad neighborhoods, where's the development? Where's pat the progress? Where's the city planning on putting in money? Are there railways and other light rail systems, all these details that go into where's the market for the market, so we don't just go in and start finding deals and then kind of catch tail later. It's six to nine months in advance, get the lay of the land operations set up so that way when deals start flowing, we can execute quickly.   Sam Wilson  03:57 That sounds very time intensive. What is the practical way that you guys have decided to do that without you, Justin moving to Nashville, Tennessee and going okay, let me go spend nine months here and figure out what the city is doing?   Justin Brennan  04:12 I am flying in there consistently during that six to nine months. And spending three, four days of time meetings, driving neighborhoods, learning it. So yeah, it is time-intensive. But it's also avoided us from making really dumb mistakes and getting put into a neighborhood and we're like, we shouldn't have bought here. Right? Right. I mean, so perfect examples. You know, every time we're looking at a deal, I'll go sit at the property at different times in different days of the week. So I'll go in the morning. I'll go midday, and I'll go in the evening and wait for people to come home from work. I'll go on a weekday and weekend, typically a Sunday and I say Monday or Tuesday because I just want to see the flow of the area flow the neighborhood when you're getting past normal due diligence and things like that, right. So you need to understand what you're getting yourself into otherwise, you deal with horror stories like I heard recently from a first-time syndicator, who bought a property had money backing, it was his first bigger deal, didn't do proper due diligence, got into it thought they were getting a great deal because they had a great basis. And on paper, the cap rate looks great cash on cash, everything looks good on paper, then come to find out because of the lack of due diligence, there was a lot of deferred maintenance, a lot of issues with that property neighborhood not being the best setup. And they inherited a lot of delinquencies, bad tenants issues, and it just turned into a complete... And now they've lost well over a million dollars. Well, and the guys, he'll never do another syndication because he'll never get money again. He was backed by good money, good people. But because he operated so poorly, he's basically blackballed. No, right. I say, don't go big too soon, right. Despite what you know, some people say you're gonna make mistakes, just don't make big ones.   Sam Wilson  06:00 When you're setting up your back office, talking about attorneys, title companies, all of those, you know, other than calling your contractors and maybe even going and seeing their work like, what else, what other due diligence is there really to do until you're ready to send them a deal? I mean, there's only so many conversations you can have with a contractor like, Hey, you guys, yeah, we've done these three projects. Okay, cool. Well, and I get one together, I'll call you.   Justin Brennan  06:24 Yeah, exactly. You can certainly go and see some of their work. That's definitely something you want to take a look at. Understanding, you know, there are foremen who run the jobs. What kind of software do they use? How do they do billing? Who does their supply chain? Who's going to order the supplies? Is it going to be you as the owner? Is it going to be them? Yeah. How's their labor force? We're talking about labor shortages, especially these days. Right? So we're dealing with that, you know, in foreman on-site, you know, because a lot of times they're running multiple jobs. So okay, great. So the foreman is going to be here once a day in the mornings in the evenings, who's opening up who's locking units? Is it our job, is it your job, is it our maintenance staff? Logistically, how are we dealing with that? Yeah, what software are you guys using? Are we corresponding through that for just… because when you're doing renovations on value add? It's an assembly line. Right? Right. And so you have to really manage that correctly. So you don't have too many vacancies at a time. Too many not available at a time. It's like this seesaw assembly line battle between your kind of rental guys and your leasing staff. Right. And that blending those two together to where you Okay, five units a month come vacant? How long does it take you to turn those things? How long does it take you to market them? How long does it take people to get in there where you're collecting checks? And I kind of calculate check to check meaning person moves out, you're not getting any money once next person give you a check? Is it 30 days, 60 days, fortify like, what does that look like? Right? In timing that up and then layering over-layering. Because it's a dance, it's not easy to manage that process. And it's not a perfect science. So having a construction crew that gets that in can help you manage that isn't just all over the place is really, really, really important.   Sam Wilson  08:02 Yeah, absolutely. What about that, I guess that the management side of it, is there a certain size of construction company? You guys always look for where you say, Man, you've got to have X number of employees, you got to do X number of dollars in volume a year? Is there anything like that, that goes into that equation on your kind of due diligence?   Justin Brennan  08:20 Yeah, so you should definitely have at least one foreman on-site or an assistant foreman every day. And if you're going to run the jobs, and if they're leaving for a little bit, but they need to pretty much be there constantly in and out every day, touching the job site every day. And then you're typically going to have two workers per unit is kind of what I've seen the best flow from a labor force standpoint. So if you're going into renting a unit, depending on what you're doing to but let's… presuming you're doing a pretty good Reno, and you're adding washer dryers and some electrical work. So there's some rough stuff that has to get done. That usually happens first. See those guys going in and doing the rough electrical, rough plumbing, and then that gets done. So now coming in behind that as some drywall painting cabinet, guys, countertops, fixtures, plumbing, electrical fixture type stuff. Flooring is usually one of the last items going and stuff like that. And then appliances if you're bringing those in. So the two guys per unit. So if you're doing five units at a time, per month, right, that's 10 dudes on-site every day. Yeah. Plus your foreman, right? So Mister contractor, can you supply that? Yes, we can. Okay, what happens if you don't? Right? So just working through some of that logistical stuff? Because we've dealt with it, right. We're the contractor says x. And then there's five guys on site. And then you start falling behind, right? Because now you're not catching up to the rental schedule, right? And then you got to backtrack and all this other stuff. So it's not a perfect science.   Sam Wilson  09:49 No, it's not even like you said, if they say yeah, we can get 10 guys on-site plus a foreman. I mean, if you're not there, when the cat's away, the mice will play, especially in the   Justin Brennan  09:59 And that's where our staff comes on top of that. That's why it's so key. That's why we don't do any deals under 90 units anymore, right? Because 90 units is where the economies of scale come in, where you have on-site management, on-site leasing, on-site maintenance on-site, everybody. And so they're my eyes and ears on it. Plus, we have cameras, right? Plus, we have me, and I'm on-site every other week, and I'll just show up randomly. on purpose, right, and you just have to listen, nobody's gonna watch your money, like you're gonna watch your money and you can't expect people to watch your money like you're gonna watch it. Because they're not getting paid your money, right? So for you say, Oh, I expect them to like work harder. Do this well, okay, well, then give them a piece of the equity and maybe they will write that's maybe, oh, maybe but yeah, no one's gonna work the way you're gonna work. No one's gonna protect your money or your investors' money the way that you are either.   Sam Wilson  10:49 Have you ever made a bad by?   Justin Brennan  10:51 Not yet? Not knock on wood, man. No, not yet. We could have you know, we ended up last year having to pull out of a deal that in hindsight, was kind of it was weird as a blessing because we were finding things out. And then but we had money hard. And there was really wasn't there wasn't an out force legally at that point. But just so happened, there was a fire on one of the properties during escrow, which ended up giving us an out legally. And then hindsight 2020, you're like, gosh, that was actually a good decision. Because it may have ended up being a bad buy for us at the time, you know, kind of looking forward now, six months later, like we got, you know, a lot going on with this other property at the moment. So it would have been put us in a tough spot. So that was a little bit of luck. But I'd say there's no accidents, things happen for a reason. And there are no accidents. The craziest things happen in life.   Sam Wilson  11:46 But what's a lesson or a mistake you've made that you feel like you could help someone else not make?   Justin Brennan  11:52 Don't hire the cheapest contractor. I made that mistake once even though I did my due diligence on them, right? We checked them all out. I even tested them, like on a small portion of the job first to see if they could execute. And they did. And I was like, okay, so you got you got a little $3,000 portion of the job you executed. Okay, now we're gonna graduate you up to the next stage, and then come to find out, they're just full of hot air. And they took about $17,000. And, you know, so I mean, it wasn't a massive mistake that we couldn't recuperate from it, it was a $17,000 mistake. But imagine if that was another contractor on a much and that was only on a 30 unit deal. I say the mistakes are made. Imagine that was a 200-unit deal. And that was a $200,000 mistake, right? Do not ever, people know this intuitively, but just stick with this. Don't ever pay the contractors in advance. I mean, progress payments, you can do a deposit, typically, maybe 25%. But a lot of times, you'll get bids come in and they'll say 50% up front and then 50% Upon completion. Yeah, kiss my you know what, right? I will pay you a 20 to 25% deposit upfront, then we will do progress payments, right, depending on the length of your job, and then you will get the final payment within 30 days of completion.   Sam Wilson  13:12 Yeah, that 25% Upfront is largely contingent upon what they're bringing, if they're not bringing any materials, and it's all straight labor. Correct. If it's straight labor, I would be really hard-pressed to give them anything. Well, sure.   Justin Brennan  13:24 Yeah. So the usually the deposits are typically based on materials they're bringing on site roofing or fencing or, you know, basic stuff, then you're typically paying a 25% deposit, because there's an on site move for materials.   Sam Wilson  13:41 Right, yeah, I get it. I was a contractor for way too long. I completely understand it.   Justin Brennan  13:46  And I'm a licensed GC. So but yeah, I would never, we just learned that battle. And you'd have to fight it a bit because they want some more payment up front. Because they're either, with all due respect, not all of them. So I don't want to aggregate but a lot of really bad money management. So they're floating a job here for job there and money moving here for that here. And they can't really manage their money correctly. So they're taking money from here to pay some guys over here. And you see how that flows. And you're not going to use our job as your cash flow or so.   Sam Wilson  14:15 Right. Not only that, but also just the risk of them. Like you said, backing up and walk and you go oh, okay, well, thanks. Well, that was enjoyable writing you…   Justin Brennan  14:23 I paid you 50% upfront, right? Yeah, you go deposit, but that's specific, usually for materials.   Sam Wilson  14:29 Right. Yep, that makes a heck of a lot of sense. Justin, if our listeners want to get in touch with you, what's the best way to do that?   Justin Brennan  14:35 Google me, man, Justin Brennan on Google. That's probably the easiest way to have some stuff pop up or you can go to our website, which is brennanpohle.com. That's B-R-E-N-N-A-N-P-O-H-L-E.com. And, yeah, read whatever you want.   Sam Wilson  14:53 Great. Sounds good, man. Justin, thanks for your time today. Certainly appreciate it.   Justin Brennan  14:55 You bet. Thank you.   Sam Wilson  14:56 Hey, thanks for listening to the How to Scale Commercial Real Estate Podcast. If you can do me a favor and subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, whatever platform it is you use to listen, if you can do that for us, that would be a fantastic help to the show. It helps us both attract new listeners as well as rank higher on those directories so appreciate you listening. Thanks so much and hope to catch you on the next episode.   

The Real Estate Syndication Show
WS1302: Building Strong Relationships with Sponsors, Investors, and Operators

The Real Estate Syndication Show

Play Episode Listen Later May 15, 2022 25:20


We begin by quizzing Jeremy about the rising popularity of investor portals. He speaks about the advantages these bring, what they might say about a particular operator, and if they are even a necessary part of the investment process. Operators who are looking for advice about how to distribute opportunities amongst their different tiers of investors might also find some of Jeremy's later points valuable. We hear about how investors can make sure they get a piece of the pie if they find that higher shareholders are hearing about opportunities before them. Finally, we talk more about the dangers of sharing sensitive information between investors and operators, and how to mediate these. Lance helps us understand the friction between LPs and GPs and how to minimize that. Lance also discusses institutional money – its pros and cons. Tune in for this rich discussion and enjoy the show!

The Bobby Blackwolf Show
806 - 05/08/22 Bobby Blackwolf Show - Square Enix Sells Western Developers, Nvidia Fined Over Misleading Investors

The Bobby Blackwolf Show

Play Episode Listen Later May 15, 2022 57:55


I've been once again selected as a host for Summer Games Done Quick - this time IN PERSON! Square Enix has sold Eidos, Crystal Dynamics, and Square Enix Montreal to Embracer Group for only $300 million. Embracer Group is the Sweidsh version of Tencent - they have made a ton of purchases in the last few months. Square Enix claims they sold these studios so they could concentrate on other moneymaking technologies. Nvidia has been fined by the SEC for misleading investors over how many of their gaming GPUs were being sold to non-gamers. We talk about a viewer comment about Nintendo not doing a good enough job preserving third party Nintendo titles. Then we talk to Rob about Square Enix's sale and their reasoning.