Podcast appearances and mentions of shawn dimartile

Join us in this episode as we talk with Shawn DiMartile about how he makes multifamily investing work in expensive markets like San Diego, California. Shawn shares his unique approach, including tips and strategies for finding success in a tough real estate market. Learn about the new California gold rush and how you can apply these ideas to your own investments. Don't miss this insightful conversation with Shawn!   ================================== Want to grow your real estate investing business and portfolio?  You're in the right place. Welcome to the Property Profits Real Estate Podcast

In this episode of "Know Your Why Podcast," Dr. Jason Balara interviews Shawn DiMartile, a former air traffic controller who transformed his life by diving into real estate investing. Shawn shares his journey, challenges faced, and insights gained through investing in multifamily properties and transitioning to development projects in California. Key Highlights: - Background: Shawn began his real estate journey in 2018, motivated by a desire to achieve early retirement from his demanding job as an air traffic controller. - First Investment: Liquidating 401(k) accounts with business partners, Sean and his colleagues purchased a 32-unit apartment complex in Indianapolis, tripling their initial investment. - Learning from Mistakes: Shawn emphasizes the importance of being properly capitalized and conducting thorough inspections before buying properties. He shares specific challenges encountered in his first project, including unexpected repairs. - Shifting Strategies: Transitioning to development in San Diego, Shawn discusses unique programs allowing him to increase density and build new units while navigating California's regulatory landscape. - Networking for Success: Shawn encourages aspiring real estate investors to attend networking events, build relationships with industry leaders, and create value for others to gain access to opportunities. - Long-Term Vision: With a focus on development, Jason and Shawn discuss their niche strategy and long-term goals, emphasizing the importance of adaptability in the ever-changing landscape of real estate investing. Conclusion: This episode is filled with practical insights for anyone looking to venture into real estate investment or streamline their existing practices. Tune in to learn about Shawn's journey, and gain inspiration to take your first step toward real estate success! Get in touch with Shawn: www.takeoffcapital.com If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/ Artist: http://audionautix.com/

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode, Shawn DiMartile interviews Austin Allison, the innovative mind behind Pacaso, a burgeoning platform revolutionizing vacation home ownership. Broadcasting from Tuscany, Italy, Austin shares his journey from humble beginnings in Cincinnati, Ohio, to becoming a leading figure in real estate technology. He talks about his early ventures, notably DotLoop, and its acquisition by Zillow, and delves into his latest endeavor, Pacaso. This platform redefines second home ownership by enabling co-ownership of luxury vacation properties. Throughout the conversation, Austin elaborates on the inner workings of Pacaso. He explains how the model supports real estate investors in acquiring shares of high-value properties in prime locations for a fraction of the cost. Austin details the rigorous processes involved in managing these properties, from vetting and onboarding homes to ensuring seamless operation and maintenance, sidestepping common pitfalls associated with co-ownership. This episode is a must-listen for anyone intrigued by the future of real estate investment and the innovative solutions Pacaso offers to current market challenges. Key Takeaways: Transformative Co-ownership Model: Pacaso enables multiple owners to co-own luxury vacation homes, reducing costs and operational headaches Broad Market Access: Pacaso operates in over 40 destinations globally, including the U.S., Paris, London, and Mexico, offering diverse property options Seamless Management: Pacaso manages all aspects of the home, from maintenance to scheduling, ensuring a hassle-free experience for owners Resale Opportunities: Owners can sell their shares through Pacaso's marketplace, providing liquidity and flexibility similar to traditional real estate transactions Growing Trend: Co-ownership is becoming more popular as housing affordability declines, allowing more people to enjoy the benefits of luxury property ownership How to connect with Austin:  Website: Pacaso Instagram: @pacasohomes LinkedIn:  Austin Allison Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this insightful episode, Shawn DiMartile is joined by Josephine Saffert, a dynamic real estate developer based in Nashville, Tennessee. Josephine shares her journey from immigrating to the U.S. from Germany to establishing a successful development company focusing on urban fill projects. She provides an in-depth look into her strategies for selecting development sites, managing interest rate risks, and creating unique design features that make her properties stand out in a competitive market. Josephine dives into the specifics of her projects, including her focus on luxury townhomes and horizontal development. She discusses the importance of positioning developments in up-and-coming neighborhoods and leveraging investor partnerships to bring these high-end projects to life. Additionally, Josephine introduces her educational initiative, Developer Academy, which helps real estate professionals break into the development industry by providing a comprehensive curriculum and networking opportunities. Some key takeaways from this episode: Strategic Site Selection: Josephine emphasizes the importance of choosing development sites in emerging neighborhoods that promise future growth and value appreciation Interest Rate Mitigation: She discusses the impact of fluctuating interest rates on development projects and the necessity of conservative underwriting and padding contingencies Unique Design Features: Josephine's projects stand out due to unique design elements like rooftop hot tubs and courtyard spaces that add significant appeal Educational Outreach: Developer Academy aims to empower real estate professionals to venture into development with a combination of online resources and community support Investment Strategies: Insights into structuring investor deals for different types of development projects, including single-family homes, townhomes, and build-to-rent communities How to connect with Josephine: Instagram: @josephinesaffert Website Instagram: @sapphiredevelop Website:  Sapphire Development  Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website:  www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this engaging episode, Shawn DiMartile sits down with Alex Inabnet, a multifaceted real estate expert based in San Diego, to delve into the intricate world of real estate development and general contracting. With an eclectic background in construction management and a hands-on approach to multifamily developments, Alex offers a wealth of knowledge on the current real estate trends across different markets, especially in San Diego, Austin, and Tampa. Throughout their discussion, Alex reveals the challenges and nuances of the construction and development landscape, especially in high-demand areas like San Diego. He shares invaluable insights on how to navigate market volatility, the importance of hiring experienced partners, and the critical role of communication in mitigating risks in construction projects. This episode is a treasure trove of expert advice for anyone interested in multifamily real estate development, construction best practices, and strategic market analysis. Some key takeaways from this episode: A comprehensive discussion on the importance of strategic market selection, with a focus on secondary growth markets such as San Diego, Austin, and Tampa Insight into the high barriers to entry and regulations in California's real estate market compared to Texas and Florida The significance of effective communication and problem-solving in managing construction costs and project timelines The critical role of experienced business partners and mentors in successful real estate development Observations on current market trends and future predictions, particularly regarding interest rates and their impact on real estate investments How to connect with  Website: www.inabnetcontracting.com Email:  alex@inabnetcontracting.com Phone Number:  (318)-780-6513 Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Shawn DiMartile is a real estate investor with over 300 rental units with a focus in apartment investing. He shares how he took the risky move of liquidating his 401k to start his journey in real estate and how it paid off. He talks about the challenges he faced early in his real estate career and how those lessons ultimately made him stronger in the business. Learn more about Shawn here: https://investorshawn.com/

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss the important factors to consider when partnering with other investors for real estate deals. They provide valuable insights and advice based on their own experiences in the industry. The hosts cover topics such as the earnest money deposit, lending, asset management, property management, banking and financials, reporting to investors, construction and project management, and sale and disposition. They emphasize the need for clear communication and alignment of goals when entering into a partnership. Listeners will gain a better understanding of the key considerations and discussions that should take place before partnering with others in real estate investing. Some key takeaways from this episode: The earnest money deposit is an important topic to discuss before partnering with someone. It is crucial to determine who will be responsible for bringing in the deposit and ensure that all parties have the necessary liquidity When it comes to lending, the person signing on the loan should have a say in selecting the lender. It is important to consider the experience and qualifications of the individuals involved in the partnership Asset management responsibilities should be assigned to the person with the most experience and expertise in managing properties. This role involves overseeing day-to-day operations and making decisions to ensure the property performs according to projections The selection of a property management company should be based on merit and performance, rather than solely relying on a partner's existing company. It is important to evaluate the property management company's track record and ability to handle the specific property Banking and financials should be overseen by a responsible party who has access to the bank accounts and can manage the finances effectively. It is crucial to have checks and balances in place to ensure transparency and accountability Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges they have faced in the short-term rental market, specifically with Airbnb properties. They analyze the decline in revenue and the increasing competition in the market. Shawn shares his experience with maintaining luxury properties and the high expense ratios associated with them. They discuss strategies for addressing guest issues and managing refunds. The hosts also explore the idea of investing in smaller, unique stays as a way to reduce expenses and simplify operations. Some key takeaways from this episode: The short-term rental market, particularly Airbnb, has become increasingly competitive, leading to a decline in revenue for many hosts Luxury properties come with high expense ratios due to the maintenance and upkeep required for amenities such as pools, hot tubs, and large kitchens Addressing guest issues promptly and effectively can help mitigate negative reviews and potential refund requests Investing in smaller, unique stays can reduce expenses and simplify operations, offering a more manageable and cost-effective approach to short-term rentals Expense ratios should be considered alongside income figures when evaluating the profitability of short-term rental properties Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Shawn DiMartile interviews Andrew Hines, a seasoned real estate investor and entrepreneur. Andrew shares his journey in real estate investing, from his early experiences with rent-to-own properties to his current focus on short-term rentals and glamping resorts. He discusses the importance of being adaptable and willing to pivot strategies as the market changes. Andrew also provides insights into the profitability of short-term rentals and the potential for scalability in the industry. He emphasizes the need to focus on the cool factor and create unique experiences for guests. Additionally, Andrew talks about his current ventures in Florida and his approach to off-market acquisitions. Some key takeaways from this episode: Andrew emphasizes the importance of being adaptable and willing to pivot strategies in real estate investing as market conditions change Short-term rentals, such as glamping resorts, can be highly profitable if done right, with the potential for quick payback periods and significant cash flow The cool factor and unique experiences are crucial in attracting guests to short-term rental properties Off-market acquisitions can provide opportunities to buy properties at discounted prices and protect against downside risks Andrew's focus on scalability and building an organization has allowed him to grow his real estate ventures and take advantage of new opportunities How to connect with Andrew: Instagram:  @theandrewhines Podcast: The Andrew Hines Real Estate Investing Podcast Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawndimartile_ Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges of building affordable housing in San Diego, California. They delve into the numbers and costs associated with constructing affordable housing units, highlighting the reasons why it is difficult for developers to build such projects without government intervention. The hosts also explore the role of tax incentives and subsidies in making affordable housing projects financially viable. Through their insightful analysis, they shed light on the complexities of the affordable housing issue and provide valuable perspectives on the topic. Some key takeways from this episode: Building affordable housing is challenging due to high construction costs, expensive land prices, and the need to charge higher rents to cover expenses and generate profits Developers often choose to build higher-end projects in more desirable neighborhoods to maximize their returns, rather than focusing on affordable housing Government intervention, such as tax incentives and subsidies, is necessary to bridge the financial gap and make affordable housing projects feasible Subsidies can be viewed as investments by the government, as they not only provide housing for low-income individuals but also contribute to the stability and growth of the local economy The government can recoup its investment through tax revenue generated by the affordable housing units over time Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss their transition from buy and hold multifamily investments to ground-up development. They explain the reasons behind their pivot, including the rising costs of existing properties compared to the cost of building new ones. They highlight the benefits of ground-up development, such as lower expense ratios, higher profits, and the ability to provide affordable housing options. The hosts also address misconceptions and criticisms surrounding complete communities programs and zoning laws. Overall, this episode provides valuable insights into the world of real estate development and the advantages of ground-up construction. Some key takeaways from this episode: Replacement costs for existing multifamily properties have met or exceeded current pricing in most parts of the country, making ground-up development a more profitable option Building new multifamily properties allows for lower expense ratios and higher profits compared to purchasing existing properties Ground-up development provides the opportunity to create affordable housing options and avoid rent control regulations for the first 15 years of ownership Value-add properties may appear attractive, but they often come with higher expense ratios and potential issues due to aging infrastructure Complete communities programs aim to increase housing density and provide affordable housing options, benefiting both developers and low-income renters Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tai discuss their decision to internalize property management for their multifamily portfolio in San Diego. They explore the challenges they have faced with third-party property management companies and the inefficiencies they have observed in the leasing process. Shawn and Mike highlight the importance of control and the ability to optimize the leasing process to attract and retain tenants. They also emphasize the cost savings and improved customer service that can be achieved by managing properties in-house. Throughout the episode, Shawn and Mike share their insights and experiences as real estate investors and developers, providing valuable advice for listeners who are considering internalizing property management for their own portfolios. They discuss the importance of effective marketing, prompt response times, and streamlined application processes. By taking control of these aspects, landlords can enhance the leasing experience and maximize their profitability. Some key takeaways from this episode: Internalizing property management allows for greater control over the leasing process, leading to improved efficiency and profitability Third-party property management companies often have inefficiencies and limitations that can hinder the leasing process Prompt response times and effective marketing are crucial for attracting and retaining tenants Streamlined application processes and clear communication can expedite the leasing process and increase tenant satisfaction Internalizing property management can result in cost savings and improved customer service Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Shawn DiMartile interviews Bill Faeth, a successful short-term rental operator and real estate investor. Bill shares his journey from long-term rentals to short-term rentals and explains why he believes short-term rentals are the number one asset class today. He discusses the benefits of short-term rentals, including cash flow and tax advantages, and shares his strategies for finding and investing in profitable properties. Bill emphasizes the importance of market research, underwriting, and marketing in order to stand out in a competitive market. He also discusses the impact of regulations on short-term rentals and advises investors to choose markets with consistent and favorable regulations. Some key takeaways from this episode: Short-term rentals offer higher cash flow and tax benefits compared to long-term rentals Investing in secondary and tertiary markets can be more profitable than investing in saturated primary markets Insulation from competitors, unique views, and proximity to attractions are key factors to consider when choosing a property Building rapport with guests through personalized communication and providing a high level of hospitality can lead to better reviews and repeat bookings Having a coach or mentor can help investors fast-track their success and avoid costly mistakes How to connect with Bill: Facebook: Build Short Term Rental Group Instagram: billfaeth73 Website: www.billfaeth.com Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile engage in a lively discussion about the future of interest rates. They present contrasting viewpoints on whether interest rates will decrease, remain the same, or increase in the coming years. Shawn argues that interest rates will come down due to factors such as the Federal Reserve's intention to cut rates, the impact of high interest rates on the national debt, and the need to address the shortage of housing. On the other hand, Mike presents data that suggests interest rates may remain stable or even increase based on metrics such as CPI inflation, PPI inflation, and PCE inflation. The hosts explore the potential consequences of different interest rate scenarios and discuss the implications for the economy and real estate market. Some key takeaways from this episode: Interest rates are a topic of much speculation and debate, with experts divided on whether they will decrease, remain the same, or increase in the near future Shawn DiMartile believes that interest rates will come down, citing factors such as the Federal Reserve's intention to cut rates, the impact of high interest rates on the national debt, and the need to address the shortage of housing Mike Tighe presents data that suggests interest rates may remain stable or even increase based on metrics such as CPI inflation, PPI inflation, and PCE inflation The hosts discuss the potential consequences of different interest rate scenarios, including the impact on the national debt, government borrowing, consumer credit card debt, and the real estate market Real estate is often considered an inflation hedge, as rents tend to increase along with inflation, making real estate investments attractive in a high inflation environment Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Are you interested in scaling your real estate business but feeling overwhelmed by the challenges? This episode of the Real Estate Syndication Show dives into the inspiring journeys of two highly successful real estate professionals, Stas Grinberg and Shawn DiMartile. Both veterans, they've leveraged their unique skillsets and adapted to overcome obstacles, building thriving multifamily empires.Here are 3 key takeaways you can't miss:Location, Location, Location (and Persistence): Stas Grinberg's story emphasizes the importance of proximity to your investments. His early struggles managing properties remotely highlight the value of boots-on-the-ground involvement.Integrity Builds Trust: When a challenging deal went south, Stas and his partner prioritized investor well-being. Repaying investors out of pocket, despite the hardship, earned them unwavering loyalty and transformed investors into brand ambassadors.Adaptability is Key:  Shawn DiMartile demonstrates the power of embracing change. By capitalizing on San Diego's recent ADU regulations, he unlocked new investment opportunities by converting single-family homes into multi-unit properties. This innovative approach highlights how understanding and adapting to local market dynamics can be a game-changer.Tune in for the full episode of the Real Estate Syndication Show to hear the inspiring stories of Stas Grinberg and Shawn DiMartile.  These episodes are packed with valuable advice for real estate investors of all experience levels.https://lifebridgecapital.com/2023/08/22/managing-3100-units-of-multifamily-units-stas-grinberg/https://lifebridgecapital.com/2023/08/23/successful-investing-in-california-with-accessory-dwelling-units-shawn-dimartile/Thinking about Investing in Real Estate Syndications? Life Bridge Capital offers opportunities for investors to build wealth in real estate. Consider reaching out to learn more about our investment options.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Shawn DiMartile interviews Mark Kenney, co-founder of Think Multifamily, about his experiences and lessons learned in the multifamily real estate industry. Mark shares insights from his 30-year career, discussing the challenges he has faced, particularly in the past year. He highlights the impact of rising interest rates, increasing insurance costs, and eviction delays on multifamily investments. Mark also provides valuable advice for aspiring investors, emphasizing the importance of eliminating unknowns and seeking guidance from experienced mentors. He discusses the current market conditions and shares his thoughts on the future of multifamily investing. Some key takeaways from this episode: The past year has been the most challenging for multifamily investors, with rising interest rates, soaring insurance costs, and eviction delays creating significant obstacles To navigate these challenges, Mark advises investors to eliminate as many unknowns as possible and focus on areas with less volatility in terms of evictions, insurance costs, and property taxes Mark recommends seeking guidance from experienced mentors who have been through market cycles and can provide valuable insights and advice Despite the challenges, there is still a strong demand for multifamily properties, and the interest in the industry is expected to rebound, especially among larger institutional investors Investors should adjust their expectations for returns and rent growth based on the current market conditions and uncertainties How to connect with Mark: Email: mark@thinkmultifamily.com Website: www.thinkmultifamily.com Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Meet Shawn,  air traffic controller turned prolific real estate investor, who transformed his financial trajectory by liquidating his 401k to build a thriving portfolio of over 300 multifamily units, short-term rentals, and a boutique hotel; now focusing on developing housing in San Diego, he co-hosts The Real Estate Takeoff podcast, featuring interviews with industry giants like Brandon Turner and Grant Cardone.In this episode, Shawn shares:The importance of hard work, education, and networking in building a successful real estate portfolio, underscores the necessity of dedicating time and effort.Initial challenges included wearing multiple hats, handling tasks independently due to budget constraints, and dealing with burnout while working a full-time job in air traffic control.How to push through tough times, highlighting that success often follows those who persist, learn, and adapt over time.Overcoming social anxiety and refining skills in areas like podcasting and public speaking.Leveraging virtual assistants for various tasks, from podcast management to news scraping.Competitive landscape in value-add multifamily.Capitalizing on city programs to increase density and build profitable multifamily units near the beachThe importance of perseverance, skill development, and strategic adaptation.About ShawnShawn has been in the real estate investing space since 2018. Previously an air traffic controller, Shawn realized putting money away in his retirement account until age 65 wasn't going to achieve his time and wealth goals, so he liquidated his 401k and savings to begin investing in multifamily. His first investment property was a 32-unit apartment in Greenwood, Indiana. Since then, he has grown his portfolio to over 300 multifamily units, multiple short-term rentals, and a boutique hotel he recently sold. He's now developing multifamily in San Diego, CA using the city's unique density program.  Contact ShawnInstagram - https://www.instagram.com/shawn_dimartile/Linkedin - https://www.linkedin.com/in/shawn-dimartile-ba6595274/Contact with OliverInstagram - https://www.instagram.com/oliver.borrFacebook - https://www.facebook.com/oliver.borr.5Connect with Danielle ChiassonWebsite: https://strategicsuccessconsulting.comLinkedIn: https://www.linkedin.com/in/daniellechiasson/Facebook: https://www.facebook.com/DaniChiassonInstagram: https://www.instagram.com/letsgetrealTikTok: https://www.tiktok.com/@danichiassonBook in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chatListen in and subscribe for more.You can also leave us a review and of course, don't forget to share. I'm sure there are real people in your network who can take advantage of what they're going to learn from the show.Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Follow Mike and Shawn on Instagram! Mike: @miketighe_ Shawn: @shawn_dimartile In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss the topic of squatters' rights. They delve into the legal and practical implications of squatters occupying properties without permission and the challenges faced by property owners in dealing with this issue. The conversation covers real-life examples of squatters' rights cases, the history of adverse possession laws, and the impact of current legislation on landlords. Listeners gain valuable insights into the complexities of squatters' rights and the potential risks and consequences for property owners. Here's are some key takeaways from this episode: Squatting and trespassing are not the same thing. Squatting occurs when someone occupies a property without permission and converts it into their home, while trespassing is simply entering a property without permission Adverse possession is a legal doctrine that allows squatters to claim ownership of a property if they meet certain conditions, such as occupying the property for a specified period of time and using it openly and exclusively Different states have varying rules for adverse possession, with some requiring as little as five years of occupation before a squatter can claim ownership The process of evicting squatters can be lengthy and costly, often involving legal proceedings and court battles that can take months or even years to resolve Squatters' rights laws have sparked controversy, with some arguing that they protect vulnerable individuals and address housing shortages, while others believe they unfairly infringe on property owners' rights Learn more about Mike and Shawn! Mike: www.investormike.com Shawn: www.investorshawn.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, our host Shawn DiMartile interviews Rob Beardsley, co-founder of Lone Star Capital, about the current state of the multifamily industry and how to underwrite deals in today's market. Rob shares insights on the changing landscape of rent increases, the impact of the supply pipeline on rent growth, and the importance of being strategic with capital expenditures. He also discusses the shift in cap rates and the opportunities for investing in higher-quality assets. Rob emphasizes the importance of overcoming imposter syndrome and offers advice on networking and building valuable relationships in the industry. Here's what you can expect from this episode: Rent increases can no longer be taken for granted in today's market, and a more selective and careful approach is needed when underwriting business plans The supply pipeline in the multifamily space is robust, which will keep a lid on rent growth in the near term. However, there will be solid rent growth on the back end once the supply glut is resolved Underwriting cap rate compression is possible in today's market, despite the general rule of expanding exit cap rates Class C assets pose higher risks in a recession than Class A assets, as Class C tenants are more income insecure and have less savings Overcoming imposter syndrome and being authentic in networking can lead to valuable connections and opportunities in the industry How to connect with Rob: Website: www.lscre.com Learn more about Mike and Shawn! Shawn: www.investorshawn.com Mike: www.investormike.com      

Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile   Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss the common belief that renting is "throwing money away" and explore the financial realities of home ownership. They provide insights into the costs associated with buying a house, including mortgage payments, interest rates, and capital expenditures. The hosts also compare the affordability of home ownership in different markets, such as high-priced areas like San Diego and more affordable regions like the Rust Belt. They introduce the concept of house hacking, where individuals can purchase a duplex or multi-unit property and live in one unit while renting out the others to reduce or eliminate out-of-pocket expenses. The episode concludes with practical advice for potential homeowners and the importance of considering the opportunity cost of investing in real estate. Here are some key points covered in this episode:  Renting isn't just money spent; homeownership carries costs like mortgage payments, interest rates, and capital expenditures Affordability varies by location; high-priced areas demand hefty down payments and monthly expenses, while more affordable regions offer homeownership opportunities House hacking, buying a multi-unit property, living in one unit, and renting out others, can cut or erase homeowner expenses Delaying single-family home purchases and employing house hacking can build equity, boosting net worth for future homeownership Considering real estate investment opportunity costs is crucial; explore alternative investments for potentially higher returns Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile   Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, hosts Shawn DiMartile and Mike Tighe review the Marcus and Millichap 2024 Investment Outlook report. They examine the top multifamily markets nationwide and dissect the factors influencing their standings. The hosts investigate the balance between housing affordability and rental rates and its implications on various rental markets. San Diego's market dynamics are spotlighted, offering insights into its notable ranking. The episode wraps up with a conversation on interest rates and their potential repercussions on the real estate landscape. Here's what you can expect from the episode:  The Marcus and Millichap 2024 Investment Outlook report evaluates top multifamily markets nationwide, considering job growth, vacancy rates, construction, housing affordability, and rent trends. Dallas, Fort Worth, San Diego, and Tampa/St. Petersburg emerge as top multifamily markets in the report, driven by robust job growth, low vacancies, and strong rental demand. San Diego's scarcity of new units, coupled with high demand from young professionals and construction obstacles, solidifies its position as a premier multifamily market. The city's pricey housing contributes to rental affordability. Cities like San Diego, Los Angeles, and San Francisco grapple with significant gaps in housing affordability between owning and renting, fueling rental demand and potential rent escalation. Interest rates wield considerable influence in the real estate market. Speculation on rate fluctuations sparks discussions on potential impacts on transaction volume and investor sentiment. Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

This episode originally aired April 2020 on Rich's old podcast “The Multifamily Takeoff”Grant Cardone is the CEO of Cardone Enterprises and Cardone Capital. Grant owns and operates seven privately held companies and has a real estate portfolio worth over $4 billion.The group starts off by discussing Grant's background growing up in Louisiana, Grant's first few deals, what initially attracted Grant to Multifamily homes compared to single family, why multifamilies did the best during the pandemic, and the importance of job growth.They then reflect on the need to scale, maximizing value with deals purchased, why renters want to pay rent, looking at deals during the pandemic, why Grant won't invest in Wall Street, modeling investing after Warren Buffett, stimulus checks, and where Grant predicted the markets would go after the pandemic.Lastly, they talk about new money in multifamily, lenders in the pandemic, Grant's cash reserves, Grant's vision for his own future, Grant's Gulfstream 550, Grant's biggest mistakes he's made, and his advice to new real estate investors.Connect with Grant on Instagram: @GrantCardoneConnect with Mike Tighe on Instagram: @miketighe_Connect with Shawn diMartile on Instagram: @shawn_dimartileVisit grovescapital.com/richsomers to receive a $2,500 credit on closing costs or appraisals--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile   Mike: @miketighe_ In this episode, Mike Tighe and Shawn DiMartile speak with Rich Somers, a former business partner turned thriving boutique hotel investor. Rich outlines his investment strategy, focusing on boutique hotels amid retiring baby boomers and stricter short-term rental regulations. He delves into the renovation and management challenges, stressing the significance of technology, marketing, and guest relations. Rich provides insights from past deals, highlighting lessons learned and property enhancements. The episode wraps up with Rich's guidance for budding boutique hotel investors and his future fund aspirations. Here's what you can expect from the episode: Boutique hotels stand out as a prime investment opportunity amid retiring baby boomers and stricter short-term rental rules. Transforming independent boutique hotels can yield notable value growth and enhanced performance. Leveraging technology like online booking and guest communication tools is pivotal for streamlined operations and revenue growth. Effective marketing tactics, such as OTA listings, SEO optimization, and direct booking platforms, drive higher occupancy and income. Establishing strong connections with dependable lenders and partners is fundamental for fruitful boutique hotel ventures. How to connect with Rich: Instagram: @rich_somers YouTube: @rich_somers Podcast: The Rich Somers Report Website: somerscapital.com/mastermind Learn more about Mike and Shawn: somerscapital.com/mastermind Shawn: www.investorshawn.com Mike: www.investormike.com

Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile   Mike: @miketighe_ In this episode, Shawn DiMartile and Mike Tighe discuss the housing market inventory shortage, examining its potential link to baby boomers. They analyze a Bloomberg article suggesting baby boomers' reluctance to sell their homes contributes to the shortage for younger families. The hosts offer their perspectives, supported by data, and discuss NIMBYism's impact on housing development in affluent areas. The episode concludes with a discussion on the government's role in addressing the shortage and the importance of balanced decision-making. Here's what you can expect from the episode: Baby boomers holding onto homes contributes to housing inventory shortage, but sole blame is unfair. Sentimental attachment and financial factors drive decisions to stay, including low mortgage rates and retirement plans. NIMBYism, especially in affluent areas, hampers housing development and worsens shortages. Government should prioritize housing needs, balance with existing homeowner concerns. More housing supply improves infrastructure, spurs economic growth for all residents. Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile   Mike: @miketighe_ In this episode, Shawn DiMartile talks to Kamohai and Tristyn, Hawaiian real estate investors.  They delve into their journey, tackling the peculiar challenges of the Hawaii market. Sharing insights on creative financing and flipping houses, they stress the value of relationships, market awareness, and adaptability in real estate success. Also, they discuss mental health's importance for entrepreneurs and advocate for seeking support when needed. Here's what you can expect from the episode: Kamohai and Tristyn, Hawaii-focused investors, excel in creative financing For successful creative financing, fostering relationships and local market knowledge are key Understanding individual seller needs is vital for effective creative financing Hawaii's market hurdles include stringent permits and elevated expenses Entrepreneurial longevity hinges on prioritizing mental health and seeking assistance How to connect with Tristyn and Kamohai: Instagram: @kamohairandtristyn YouTube:  @KamohaiandTristynKalama Podcast:  Deals And Aloha HGTV:  Renovations Aloha, Tuesdays, 9 PM EST and CT, 7 PM PST Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com

Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile   Mike: @miketighe_ In this episode, Shawn DiMartile and Mike Tighe explore new regulations and laws affecting landlord-tenant relationships in California, particularly in San Diego. They discuss the impact on real estate investors and tenants, highlighting challenges and potential consequences. The hosts delve into rent control's effects on the housing market, providing insights into short-term and long-term implications, and suggesting alternative solutions to address California's housing supply issue. Here's what you can expect from the episode: San Diego's new eviction regulations for renovations and landlords' financial challenges. Rent control's impact on the housing market and potential supply reduction. Government policies' role in housing supply dynamics. A comparative study: California rent control vs. Texas housing supply increase. California Coastal Commission's influence on coastal housing availability. Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Rich brings on his old business partner, Shawn DiMartile - Real Estate Investor, Host of The Real Estate Takeoff Podcast, Co-Founder of Takeoff Capital, Author of California Gold, and US Navy Veteran. Before cashing out his 401k to get his start in real estate, Shawn worked as an Air Traffic Controller for 6 years and before that he was a Navy Controller. He now owns over 300 rental units, $50 million in real estate, and his podcast, The Real Estate Takeoff, has over 200,000 downloads.  Rich and Shawn start off by discussing a recent rain storm in San Diego, how they met each other and got into the real estate game, their first deal: a 32-unit property in Indianapolis, what Shawn and Mike Tighe (his business partner) are currently focused on, Bonus ADUs in San Diego, being bullish on San Diego and ADUs, current market trends, landlord tenant laws, investing in San Diego, the synergy Shawn and Rich still have, the top ten states with high income taxes, and property insurance.They then reflect on cashing out their 401ks, Shawn's new book “California Gold,” the stress of working as an Air Traffic Controller (ATC), the dangers of working graveyard shifts, the craziest stories they had as ATCs, Mike Tighe's piloting skills, whether you can actually retire off of a 401k, the evergreen cashflow of real estate, the government profiting off of 401ks, and S&P Index Funds. Lastly, Rich and Shawn talk about the trains of San Diego, what Shawn and Mike started focusing on after Rich left the partnership, a deep dive into Bonus ADUs, Takeoff Capital's 10-unit Ocean Beach apartment complex,  Takeofff Capital's deal in Pacific Beach, appealable and non-appealable coastal zones, Rich's new 3-Story ADU in Little Italy, underground parking for apartment complexes, third party property management, their 32-unit property in Indianapolis, listing vacancies on Craigslist and Facebook Marketplace, Tenants in Common, and then reflect on the last 5 years of success in real estate.Connect with Shawn on Instagram: @shawn_dimartile--Connect with Rich on Instagram: @rich_somersInterested in investing with Somers Capital? Visit www.somerscapital.com/invest to learn more. Interested in joining our Boutique Hotel Mastermind? Visit www.somerscapital.com/mastermind to book a free call. Interested in STR/Boutique Hotel Management? Visit www.excelsiorstays.com/management to book a free call.

Summary Shawn DiMartile has a net worth of $3.5 million. All of it is in real estate. He is in his mid 30's. He shares his journey from being an air traffic controller to building a real estate portfolio worth millions. He discusses the importance of liquidity in real estate investing and the decision to liquidate his 401k to invest in real estate. Shawn explains the benefits of real estate investing over traditional retirement accounts and the strategies he used to achieve his first million. He also discusses the challenges and opportunities in the Airbnb market and the impact of regulation on the business model. Overall, Shawn emphasizes the importance of education, partnerships, and creativity in real estate investing. In this conversation, Shawn DiMartile shares his experience with property management and automation, rapid-fire questions, lessons from childhood, early jobs and money, changing beliefs and future goals, financial habits as a millionaire, and advice for beginners. Takeaways *Real estate investing can provide greater cash flow and wealth-building opportunities compared to traditional retirement accounts. *Having liquidity is crucial in real estate investing, both for meeting bank requirements and for handling unexpected expenses. *Partnering with experienced investors and mentors can provide valuable guidance and increase confidence in real estate investing. *Investing in properties outside of high-cost areas like California can offer better returns and growth opportunities. *The Airbnb market is becoming more competitive, and success requires investing in unique properties and providing exceptional amenities. *Regulation can impact the Airbnb business model, and investors need to stay informed and adapt to changing regulations. Automating systems can help manage properties efficiently and reduce the need for property managers. *Having a strong work ethic can contribute to success in real estate investing. *Frugality and delayed gratification can lead to long-term financial goals. *Real estate investing takes time, patience, and learning from mistakes. *Consistency and proven methods can lead to results in investing.   Connect with Shawn on Instagram (@shawn_dimartile) Sponsored by:  Shopify Visit shopify.com/unveiled for your exclusive $1 per month trial period

Join us for a captivating conversation with two extraordinary guests, Mike Tighe and Shawn DiMartile, who share their journey from the high-stress world of air traffic control to the dynamic realm of real estate investing. Partners in Takeoff Capital, these friends bring a unique blend of experiences and perspectives to the table. Mike and Shawn take us back to their roots, discussing their Navy days and how they found themselves in the thrilling city of San Diego. From the challenges of air traffic control training to handling intense moments in the control tower, they reveal the ins and outs of a profession most of us only encounter as passengers. As we dive into their transition to real estate investing, learn about the vision behind Takeoff Capital and the strategies that propelled them to success. From Cleveland to San Diego, from naval careers to the real estate market, Mike and Shawn share their stories, insights, and the lessons they've learned along the way. Join Mike 'C-Roc" with Mike and Shawn for a rollercoaster of stories—from unexpected plane crashes to high-profile events in Kandahar, Afghanistan. This episode promises not only real estate wisdom but also a thrilling ride through the skies of air traffic control experiences. Tune in for laughter, camaraderie, and a unique blend of tales that will keep you hooked from takeoff to landing. Welcome to another great show with Mike Tighe and Shawn DiMartile! Mike Tighe Website: https://investormike.com/ Social Media Links/Handles: https://www.linkedin.com/in/investormikedotcom/ https://twitter.com/MikeTighe_ https://www.instagram.com/miketighe_ Shawn DiMartile Website: https://investorshawn.com/ Social Media Links/Handles: https://www.instagram.com/shawn_dimartile/ https://www.linkedin.com/in/shawn-dimartile-ba6595274/

Listen to our guest today, Shawn DiMartile, as he delves into his fearless move of liquidating his 401(k) to start investing in multifamily. He shares the challenges in scaling his investing business, his journey to apartment syndication, and his goal to continue acquiring profitable multifamily deals in San Diego, CA.This episode also highlights the qualities that make San Diego a strong market and why it's worth your capital as a passive investor. Dive into this interview and learn another unknown wealth in multifamily!Key Points & Relevant TopicsHow Shawn has decided to invest in multifamily real estateThe value of having trust in a business partnershipWhat makes syndication a great vehicle to scale and grow fasterAdvice for people or investors who want to get into the syndication businessWays to find the right mentors and build connections with themTypical challenges and misconceptions in real estate investingReasons why San Diego, CA is a competitive investment marketWhat you should know about the rent control and ADU Bonus Program in San DiegoResources & LinksTo download Shawn's free e-book “California Gold,” go to https://investorshawn.com/. Podcast: The Real Estate TakeoffBiggerPockets PodcastApartment Syndication Due Diligence Checklist for Passive InvestorAbout Shawn DiMartileShawn DiMartile is the co-founder of Takeoff Capital, a private equity firm with over $50M in assets under management spread across over 300 units, and also co-host of The Real Estate Takeoff podcast. In 2018, he embarked on his real estate investing journey while working as an air traffic controller from Thursday to Monday, often having to work mandatory overtime on his off days. Although the income was good, he found himself lacking time freedom. As he delved into various investment classes, he kept gravitating towards the potential of real estate investing, particularly apartment investing. For his first venture into real estate, he took the bold step of liquidating his 401k and partnered with his now business associate, Mike Tighe, as well as a few close friends. Together, they acquired a 32-unit apartment in a different state. While the initial investment presented its fair share of challenges and mistakes, they persevered and managed to execute their business plan, ultimately selling the property for a remarkable 3X return within just two years. This experience left an indelible mark on him, igniting a profound passion for real estate. Get in Touch with ShawnWebsite: https://investorshawn.com/ Instagram: @shawn_dimartileTo Connect With UsPlease visit our website www.bonavestcapital.com and click here to leave a rating and written review!

In today's episode, we have a special guest, Shawn DiMartile, who is an expert in real estate investing with over 300 rental units to his name. Shawn shares his insights and experiences, particularly in the realm of ADUs (Accessory Dwelling Units), which are gaining popularity in California. We delve into San Diego's unique ADU policy, its impact on housing development, and the potential risks and rewards involved. We also discuss the ongoing housing crisis, the affordability gap, and the influence of NIMBYism. Shawn offers valuable advice on his investment strategies, both in San Diego and in other markets such as Greensboro, North Carolina. So, if you're ready to learn more about ADUs, value-add investments, and the future of the real estate market, let's jump right into this episode. For links and resources discussed in this episode, please visit our show notes at https://darinbatchelder.com/ADU

Find out how investing out-of-state could be a game-changer in your real estate investing journey!Hey everybody! I am joined by Shawn Dimartile, co-owner of Take Our Capital, as he shares his knowledge on real estate investing, focusing on the lucrative world of apartment complexes.Whether you're a seasoned investor or just starting out, this video is your roadmap to understanding and mastering the art of investing in apartment complexes!Key Takeaways:* Investing in Apartment Complexes: Learn why apartment complexes offer a unique opportunity for real estate investors.* Out-of-State Investing: Explore the benefits and strategies of investing in real estate markets beyond your local area.* Market Analysis Tools: Discover tools like CoStar Real Estate for in-depth market analysis and data.* Underwriting and Financing: Understand the essentials of underwriting and financing your real estate investments.* Property Evaluation: Tips on what to look for when evaluating potential apartment complex investments.* Networking and Lead Generation: Strategies for building your network and generating leads in the real estate industry.* Starting Your Real Estate Journey: Practical advice on how to begin investing in apartment complexes.

This week we sat down with seasoned real estate investor and host of the Real Estate Takeoff podcast, Shawn Dimartile. Shawn has an incredible story of going from an air traffic controller to full time real estate investor. He shares with us his expertise in Airbnb and boutique hotel investing. We also talked about his very niche ADU investing strategy. Shawn enlightens us on transitioning from traditional real estate to the niche market of short-term rentals. He offers invaluable insights on property selection, market analysis, design, funding, and navigating regulatory frameworks. Whether you're a new or seasoned investor, this episode is packed with practical strategies and lessons for success in the dynamic real estate landscape. Join us as we delve into the world of Airbnb and boutique hotel investing with Shawn Dimartile.After listening to the episode, if you are interested in learning more about the 10Y Rise Fund opportunity, please visit www.juice-enterprises.com/10Y and sign up for our webinar that we are hosting on October 25th at 7:00pm. This opportunity is open to accredited investors only!**If you enjoy the show, please leave us a review on Apple Podcasts or Spotify! It takes less than a minute and makes a huge difference in helping us land high profile guests to best serve our audience. Are you looking to partner on real estate deals or expand your personal portfolio? Click here to join our investor club and be notified about upcoming partnership opportunities.  Previous Guests on The Weekly Juice Podcast include: Brandon Turner, Tarek El-Moussa, David Greene, Tony J. Robinson, Mike Ayala, Jamie Gruber, Robert Croak, Mark Simpson, Chad “Coach” Carson, Heather Blankenship, Tim Bratz, J. Scott, Matt Faircloth, Michael Elefante, Devon Kennard, Paula Pant, Jake Harris, and Avery CarlFollow Us on Social Media:Instagram: instagram.com/weeklyjuicepodYouTube: youtube.com/@weeklyjuicepodTwitter: twitter.com/weeklyjuicepodThreads: threads.net/@weeklyjuicepodTikTok: tiktok.com/@weeklyjuicepod**This episode is brought to you by RentRedi. We get asked all the time how we manage our real estate portfolio while still having W2 jobs. Our secret is RentRedi. This all-inclusive property management software can do it all. It helps us with rent collection, accounting, tenant screening, maintenance requests, marketing, tenant communication and much more. To get more of your time back and streamline your rental portfolio with RentRedi, make sure to use promo code “WEEKLYJUICE” to receive 50% off any plan. **Disclaimer: The information provided in this podcast is for informational purposes only and should not be considered as financial advice. The content of this podcast is based on the personal opinions and experiences of the speakers, and it is important to do your own research and seek professional advice before making any financial decisions. Investing in financial markets involves risk, and you should be aware of the potential for loss. Always consult with a qualified financial advisor or professional before making any investment decisions. Remember, the opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the views of any organizations they are affiliated with.

Sometimes, a stressful career pushes you to step into something new. With the right planning and business partners, you can create a real estate investing career that takes off. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Shawn DiMartile about leaving a high-paying air traffic control career behind to become a full-time real estate investor. Today, Shawn has more than 300 rental units and has only been investing since 2018. He is the host of The Real Estate Takeoff podcast, co-founder of Takeoff Capital, and a Navy veteran. Shawn's focus is primarily on apartment investing. Jonathan and Shawn begin their conversation by investigating how he was first exposed to real estate investing. You'll also hear why Shawn wishes he'd stuck with his air traffic control job just a little bit longer before jumping into real estate investing full-time, why he feels raising money from investors to syndicate real estate is more challenging than air traffic control, and who he partnered with to make his first investment. They cover his decision to invest in Indiana instead of California, where he resides, his investment in San Diego accessory dwelling units (ADUs), and Shawn's advice for new or prospective investors. Real estate syndication or ADUs may not be something you've considered before as investment options, but Shawn offers great reasons why these asset types should be on your radar. His success story could inspire you to help your investing career take off! In this episode, you will hear: Why real estate wasn't a consideration for Shawn DiMartile when he was younger How he was initially introduced to the idea of real estate investing through the Bigger Pockets podcast Shawn's one regret about quitting his air traffic control job last year The first investment he made, what he did to participate in the deal, and how he knew he was ready to go all in on it His reasoning behind investing in Indiana instead of California The steps Shawn takes to escape analysis paralysis How he found the right business partners for this investing venture and decided on a B neighborhood The booming San Diego real estate market and how accessory dwelling units (ADUs) are creating alternative housing options The reason Shawn is investing in San Diego ADUs versus more traditional housing options Creative financing options and finding deals in the current real estate market His advice for new investors who don't want to fall into traps a lot of people do Follow and Review: We'd love for you to follow us if you haven't yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We'd love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/085 to download it. Supporting Resources: Shawn DiMartile's website - www.investorshawn.com Connect with Shawn on Instagram - www.instagram.com/shawn_dimartile Find Shawn on Twitter/X - www.twitter.com/shawndimartile Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/Streamlined%20Prop%20eXp Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties   Episode Credits: If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.

Shawn DiMartile began his real estate investing career by liquidating his 401k to purchase a 32-unit apartment building, and in just 2 years he was able to triple the value of the asset and sell it. Shawn syndicated his first property in 2021; a 150-unit multifamily complex, and then 2 months later syndicated a 145-unit complex. He was then able to quit his full-time job as an air traffic controller and is now a full-time multifamily investor with over 300 units, a boutique hotel, and several Airbnbs. Learn More About Shawn Here: Takeoff Capital - https://takeoffcapital.co/ Shawn's Website - https://investorshawn.com/ Connect with the Global Investors Show, Charles Carillo and Harborside Partners: ◾ Setup a FREE 30 Minute Strategy Call with Charles: http://ScheduleCharles.com ◾ FREE Passive Investing Guide: http://www.HSPguide.com ◾ Join Our Weekly Email Newsletter: http://www.HSPsignup.com ◾ Passively Invest in Real Estate: http://www.InvestHSP.com ◾ Global Investors Web Page: http://GlobalInvestorsPodcast.com/  

Today's guest is Shawn DiMartile.   Shawn DiMartile is a multifamily investor with over 300 multifamily units. He's co-founder of Takeoff Capital, host of The Real Estate Takeoff Podcast, and author of the eBook "California Gold".   Show summary: In this podcast episode, Sean DeMartel, shares his journey from being an air traffic controller to building a real estate empire. He discusses his decision to invest in a 32-unit apartment complex, his transition to full-time real estate investing, and his strategies for engaging with podcast hosts to share his unique story. Sean also talks about his interest in California real estate, particularly in San Diego, and shares a case study of a project where he is adding 11 units to a two-bedroom house. He also discusses his strategy of buying retail properties instead of distressed properties.   -------------------------------------------------------------- Intro [00:00:00]   Introduction and Background [00:00:30]   Leaving Air Traffic Control [00:03:20]   Reaching out to podcast hosts [00:10:03]   Telling a unique story to raise capital [00:11:46]   The California Gold Rush strategy [00:13:58]   The strategy of buying retail [00:18:44]   Design strategies to make small units feel bigger [00:19:36]   Different holding periods for projects [00:21:45] -------------------------------------------------------------- Connect with Shawn: Linkedin: https://www.linkedin.com/in/shawn-dimartile-ba6595274/ Instagram: https://www.instagram.com/shawn_dimartile/ Web/Ebook: https://investorshawn.com/   Connect with Sam: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.     Facebook: https://www.facebook.com/HowtoscaleCRE/ LinkedIn: https://www.linkedin.com/in/samwilsonhowtoscalecre/ Email me → sam@brickeninvestmentgroup.com   SUBSCRIBE and LEAVE A RATING. Listen to How To Scale Commercial Real Estate Investing with Sam Wilson Apple Podcasts: https://podcasts.apple.com/us/podcast/how-to-scale-commercial-real-estate/id1539979234 Spotify: https://open.spotify.com/show/4m0NWYzSvznEIjRBFtCgEL?si=e10d8e039b99475f -------------------------------------------------------------- Want to read the full show notes of the episode? Check it out below: Shawn DiMartile (00:00:00) - People like to invest with those they know, like and trust and connect with. Because at the end of the day, people are investing with you, right? You know, Yes, they're investing in your company. ET cetera. But you are the biggest risk factor. Anytime someone's giving you their money to go, invest in a project.   Intro (00:00:17) - 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 (00:00:30) - De Martel is a multifamily investor with over 300 multifamily units. He's co-founder of Takeoff Capital, host of the Real Estate Takeoff podcast and author of the book California Gold. Sean, welcome to the show.   Shawn DiMartile (00:00:43) - Thank you so much for having me. I'm happy for this, Sam. I appreciate it, man.   Sam Wilson (00:00:46) - Absolutely. The pleasure is mine. Glad to have you. I think back on the show, you've been on this show before, I think maybe two years ago or so. Approximately.   Sam Wilson (00:00:54) - Yeah. We'll have to look that up.   Shawn DiMartile (00:00:55) - I forgot about it, too, because I reached out to you and you're like, Dude, you've been on my show before.   Sam Wilson (00:00:59) - Well, and you know, it happens. I'm with you. You host a great podcast. I was I was pleased to be a guest on the show last week. You asked great questions and make it very, very easy on the guest. I will say that I've certainly you know, there's a lot of there's a lot of podcasts out there, but you run a great one. And I certainly appreciate coming on that show. And again, that is if you want to plug it one more time, what's the name of that podcast again?   Shawn DiMartile (00:01:20) - The Real Estate Takeoff podcast. Thank you so much.   Sam Wilson (00:01:22) - Yeah, absolutely. Check out Sean's podcast. Sean There are three questions I ask every guest who comes on the show in 90s or less. Can you tell our listeners where did you start? Where are you now and how did you get there?   Shawn DiMartile (00:01:32) - Easy.   Shawn DiMartile (00:01:33) - So I started as from a poor family in Louisville, Kentucky, grew up, couldn't really afford to put myself through college, join the Navy as an air traffic controller, got out of the Navy after five years doing that, did it for the FAA, started making some decent money, saving, wanting to figure out where to start investing because I wanted to, you know, climb the the ladder and get to, you know, even more wealth and found the Bigger Pockets podcast years ago and got obsessed, studied hard and then eventually I went all in on my first real estate investment. And this is before I even bought my first house. I liquidated my 401 K and I bought a 32 unit apartment with a couple of buddies. Um, started the podcast around the same time and then shortly after that got a multifamily mentor. Fast forward a little bit and we started syndicating properties with that mentor. And here I sit today with about 300 multifamily units, boutique hotel and numerous Airbnbs to encompass my portfolio.   Sam Wilson (00:02:34) - Man, that's really cool.   Sam Wilson (00:02:36) - I love I love that story that the, the, the bootstrapping story is one. Of course it speaks to my heart because there's I just get tired of people being told that, hey, you know, you're limited by whatever the limiting factors are. They place on you where you come from, what your what your religion, your race, whatever it is like. Oh, well, that's like, that's nonsense. Anybody can do anything. So we all have incredible capacity for success. So I think it's really cool how you have done this. Air traffic controllers, I'm sure we talked about this on your last show. Air traffic controllers are paid pretty well. Like you you you get tenured in that and it's and it's I mean, it's not a low paying job. Why did you what what about that? Were you like, hey, this is going to be long term. I want to do this another way.   Shawn DiMartile (00:03:20) - Yeah. So the thing about air traffic control, that just makes it so tough, obviously you're under a lot of pressure.   Shawn DiMartile (00:03:26) - Everybody knows it's a really stressful job. That's no secret. But what makes this even worse is that there's a hyper shortage of air traffic controllers in the nation. So when you sign up to be an air traffic controller, you sign up and agree to mandatory overtime. And basically across the country, everybody's working six day workweeks. As an air traffic controller, my days off were Tuesdays and Wednesdays, so I would usually only get off Wednesday and be working the rest of the days. So my work life balance was basically zero. I would work crazy shifts, you know, Sunday I would wake up and be at work at 5:30 a.m., work till 1:30 p.m. and then go back to work at 10 p.m. at night and work the graveyard shift that very same night. And I did that every week. And the outlook for that was that I was going to be working into my 50s before I could finally get off on weekends. And this just didn't make sense to me. And it's great money, you don't get me wrong, But I mean, you really become a slave to that job.   Shawn DiMartile (00:04:24) - And you look at the people retiring in their 50s and they look like they're in their late 60s. And that was really, you know, a light bulb moment for me that if, you know, what do I want? Do I want to sit here as a W-2 making really great money or do I want to try to do something else so I can finally get my time freedom back?   Sam Wilson (00:04:41) - No, man, I think that's huge. And that's what you just mentioned there, I think is just a sound piece of advice. Look at the people 20, 30 years older, older than you in whatever career it is you're looking at and go and not just one, because there can be some outliers, but look at all of them as an aggregate and go, Do I want to be what that group looks like physically, mentally, emotionally, lifestyle wise in 20 or 30 years? And if the answer is no, get out. I mean, I could.   Shawn DiMartile (00:05:13) - Not agree more. That's a great way to put it because that is what you will become if you stay in a grinding job like that.   Shawn DiMartile (00:05:20) - Mean hell if you're mining coal and you look at guys that are retiring from that and you've got to you know, that's obviously more physical, right? But it's the same thing. Like, you know, do you really want to spend the majority of your life doing that work? Right?   Sam Wilson (00:05:33) - And we still live in a country where you can choose. I mean, that's that's the other thing is that you get to pick still in the states. There's places in the world where you don't get to pick and you're going to be doing whatever it is mining coal or air traffic controller whether you want to or not. So and that's and that's that's too bad, actually, to hear about the air traffic control job because, I mean, there's a lot that is on your shoulders. And I mean everything obviously that you say and do is recorded on on live lines. You make one mistake, man, and they will roast you. And rightfully so, because, I mean, you do have planes in the air that need to not be connecting with each other.   Sam Wilson (00:06:13) - So it.   Sam Wilson (00:06:15) - Of course.   Sam Wilson (00:06:15) - Yeah, but that's wild, man. How did you get out? At what point in time do you say, hey, look, I've got enough coming in from my what was now side hustle, now become full time real estate job. You said, Hey, I can quit being an air traffic controller.   Shawn DiMartile (00:06:27) - That was in 2022, actually in March of 2022. I had that was after we had syndicated a couple properties. In January of 2022. We sold that 32 unit that we had bought a couple of years before, made some profit on that. And then also had you know, at that time I had three Airbnb listings that were producing a lot of cash flow as well. And you know, I was I was I was right around the the net income that I was making from air traffic control. But. You know, I knew that if I wanted to grow the real estate business further to where it's, you know, that is my full time job and and grow that company that I needed to make that jump.   Shawn DiMartile (00:07:07) - So that's why I made it last year just going all in to really give the real estate everything that I've got and it has paid dividends.   Sam Wilson (00:07:15) - Okay, cool. I want to hear about that because there can. At times. We've seen people flounder. When they make that jump, they get out there like, Hey, I'm going to go do this. And it's like, Oh man, crud. Do they do this and do that or they do this? They don't get the momentum. How did you how did you carry that momentum forward once you said, All right, I'm out and congrats on doing that? I bet that was I bet that was a fun day to finally walk away and say, all right, guys, I'm going to do my own thing. But how have you established the momentum in the in the strategy that you want to employ, I guess, over the last what is that, 18, 17 months?   Shawn DiMartile (00:07:51) - Yeah, I mean, you know, it really just when I mean, going all in, in order to keep that momentum going, I had to start doing everything that I could to get my name out there and get in front of as many people as possible.   Shawn DiMartile (00:08:05) - So dedicating more time to being guests on podcast, writing more content as far as blogs, my book going to more speaking events, going to more like really anything and everything that I could do regarding the real estate strategies I was doing, I put I dedicated my time to joining business clubs, everything. So by doing so, that was getting me in front of more investors, making more meaningful connections with other operators. All of that stuff really, I think was necessary and critical for me to keep that momentum going and keep doing deals. So last year we closed on two deals and all of that stuff definitely would have been harder, you know, if I was doing my W2 job, you know, But there is give and take by leaving that W-2 job. I left behind a lot of money from the W-2, which makes it easier to qualify for personal loans, things like that. That's all out the window now. So, you know, it is a double edged sword and there are some pros and cons of doing it.   Shawn DiMartile (00:09:07) - But ultimately, I needed to to be able to go all in.   Sam Wilson (00:09:10) - Right. Right. No, I think that's that's fantastic. And what would summarize most of that at or of gosh, I can't speak today what would summarize most of that as there we go I'll find the right the right word is engagement. Like you just got to get out and engage. You mentioned getting on podcast, making sure you're right in your blogs. We'll get to your e-book here a little bit because I want to I want to talk about that. But what's what? And I love that strategy because the name of the show is how to scale commercial real Estate. There's a lot of people potentially in your shoes listening to this going, hey, you know what? I do want to make this leap, but what do I do? Either, you know, you started having your portfolio already, you know, working before you quit your W-2, which is smart, but they want to know what those next engagement steps are.   Sam Wilson (00:09:50) - And I think you outlined some of those. What did you do in order to get on more podcast shows out of the gate without as much maybe traction or industry experience as maybe what you felt like you should have in order to do so?   Shawn DiMartile (00:10:03) - Um, a couple strategies that I use. Number one, I like to reach out to podcast host directly myself. The reason why is I host my own podcast and I get bombarded in my email inbox as well as, you know, my virtual assistant getting bombarded with people that want to come on the podcast and they put their copy and paste intros to try and get on the podcast. And I just found that that wasn't super effective with me. So I thought, Hey, I don't want to be one of those people, so I'm just going to do it myself and reach directly out to these people to maybe staying a little bit better of a chance. So that was one method. And also trying to just and focus on highlighting my unique story, because I know that when people go when when people have someone on a podcast, you know, if you just say, I'm, you know, a real estate investor and I've been listening to your podcast, well, yeah, so is everybody else.   Shawn DiMartile (00:10:51) - So I tried to highlight what might make my story a little bit more unique or a topic. Um, and I think that in combination with having my own podcast, definitely helped because, you know, I'm able to make better connections that way, maybe even do a podcast swap and have that host come on my show. Think all of these strategies combined increase the probability just a little bit that I would get on those shows. And that's really it, right?   Sam Wilson (00:11:17) - No, I think that's that's fantastic. And I think telling that unique story certainly stands out. Yeah, you're right. If you if you had sent me an email, Sean said, Hey, Sam, I'm a multifamily investor and I'd love to come tell you, you know, about multifamily investments. I mean, God bless you that there's lots of opportunity in the multifamily space and what you do is great, but it's not not a story. It's not a unique story. You got to how does how do you feel? Like a learning to tell your unique story has also helped you raise capital?   Shawn DiMartile (00:11:46) - Oh, that's a good one.   Shawn DiMartile (00:11:48) - It's it's helped me raise capital because people like to invest with those they know, like and trust and connect with. Because at the end of the day, people are investing with you, right? You know, Yes, they're investing in your company. ET cetera. But you are the biggest risk factor. Anytime someone's giving you their money to go invest in a project. So the sponsor is so important and I like to tell everything about my story. And I even put this on my socials and things of not only what I'm doing in real estate, but me as a person, how I grew up, the challenges that I faced, the mistakes I've made. I like being really transparent about big mistakes I've made in my real estate investing because I know people want to hear that. So I think really, when it comes to the unique story, it's it's being personable, like, you know, hearing about my struggles, being poor, growing up and having absolutely zero money. I mean, when I was in college, I was working at Cracker Barrel as a server.   Shawn DiMartile (00:12:42) - My parents couldn't give me jack diddly to help with college because they didn't have any money. Starting from something like that and getting to, you know, growing your portfolio resonates with people because everybody listening is in the same shoes. So and I remember back whenever one of the first podcast I heard on Bigger Pockets was a PE teacher, and to this day I'm still friends with them. That grew a portfolio of hundreds of multifamily units and retired. And I loved it because I was a guy just like him that didn't have a high paying job. And I think that people like that, right?   Sam Wilson (00:13:14) - Yeah. You're teaching kids to play kickball in elementary school and then you found real estate and found a way to really create wealth for yourself, which I think shoot, man, if I could play kickball and get paid like I could in real estate, certainly.   Sam Wilson (00:13:27) - To be awesome. Right?   Sam Wilson (00:13:29) - But that option just presently doesn't exist. So outside of that, let's talk a little bit about your strategy. You got your hands in some unique things.   Sam Wilson (00:13:38) - You mentioned those there in your in your bio or in your in your intro there about boutique hotels, Airbnbs multifamily properties give you some unique things you're doing because I know you wrote an e-book called California Gold, which most. Okay, a lot of investors hear California and they're like, No. Yep.   Shawn DiMartile (00:13:58) - And I'm glad you brought that up. So I'll be as short as I can because so I've always felt the same way about California. I've always thought to myself, no way. And until this year, outside of my Airbnb here, I had zero interest because of the same things everybody else, you know, the politics, the landlord, tenant laws, etcetera. And then two years ago, San Diego implemented a new municipal code. It's the only city in the country that has this and that got me interested. So for a little bit of context, San Diego is geographically constrained, but it's growing. It's constrained by the ocean of the West. You've got mountains to the east, Mexico to the south and a military base to the north, and all of the flat available lands been built on.   Shawn DiMartile (00:14:38) - So what San Diego did that so unique is they took accessory dwelling units, which I'm sure a lot of people have heard about, otherwise known as Adus. And they expanded it to where you can put unlimited adus up to the floor area ratio. So what this means is I can go and buy a single family home, you know, less than a mile from the beach, and I can add ten units or more to that property if it's big enough and put new product on the line. And some of the most coveted communities that otherwise get no new buildings. And so when I saw that and I saw that, okay, not only can I build, you know, I can build these for 150 to 200,000 per unit with nice finishings and I can sell them for north of $400,000 a unit and I get to put my own tenants in there. So I'm not buying a value add multifamily where who knows when I can get those tenants out? Because here in California you can't just say, Hey, I don't want to renew because I want to renovate it.   Shawn DiMartile (00:15:32) - So doing value add here carries more risk. And then, you know, we can maybe get into more of the minutia. But this strategy carriages, so much less risk. It's in my own backyard where most of my investors in and it just made so much sense numbers wise that that was the light bulb that went off. And I named my book California Gold, because I call it the new California Gold Rush. There's only so many lots that qualify and make sense to do this investment. So the well will run dry eventually. And right now it's a rush to find the lots that you can put all these units on and you can make a killing.   Sam Wilson (00:16:06) - Wow, that's fantastic. Give me a case study on that. Like what's you know, what's a what's a well, just give me some examples of things, assets that you've bought and how you did it.   Shawn DiMartile (00:16:16) - So I got a project right now in an area called Ocean Beach in San Diego. I bought a two bedroom, one bath, two bedroom, one bath house on a 7000 square foot lot and it's a half a mile from the beach on a hill.   Shawn DiMartile (00:16:29) - I'm adding 11 units to it to where it's going to total 12 units in the back of the house there is. So there's one unit being added to the existing house and then the huge lot behind it. We're building a three story structure with units on all three floors, second and third floor units will have. Corrected views of the ocean. Now, what's what I love about this, though, anybody that's, you know, heard about the negatives of multifamily development knows that a lot of the risk is holding costs because you're sitting around waiting for the government to give you permits while you make no money and you're just burning through it. Right. This strategy is different because I bought an existing house that I can rent out and not only am I renting it out, I got an Airbnb permit. So the property's actually cash flowing while we're waiting around to get those permits. So we reduced one of the biggest risks we've mitigated substantially by doing that. Now the rest of the plan is to obviously we've designed the units they're getting permitted now, build the units, fill them with tenants, put on permanent debt and cash flow that property.   Shawn DiMartile (00:17:34) - And now we have a property that these units I'll finish it by saying this These units in this Ocean Beach community, 10% of units there have air conditioning and in unit washers and dryers. Every single one of our units is brand new in unit air conditioning and heating, washer and dryer in unit in ocean views. And that's just something you're not getting with most units there.   Sam Wilson (00:17:57) - Wow. Okay. Let's let's dig into I guess there's a few questions at one. That's a that's a completely awesome strategy I think. I think finding those the the riches there in the niches is the phrase goes and this is exactly what you've got on the acquisition side of things. Are you basically just paying retail price for that property just because of the upside potential?   Shawn DiMartile (00:18:22) - Yes, exactly. We are paying retail now. We paid a little bit less than retail. We were able to negotiate that property down 150 below asking. But we were also able to get seller financing on that deal, which helped a ton, 80% seller financing, 5.4% interest interest only payments.   Shawn DiMartile (00:18:38) - So that was infinitely better than what we were getting offered by by.   Intro (00:18:42) - Banks, right? Right.   Sam Wilson (00:18:44) - Yeah, absolutely. Okay, cool. And I've got I got a buddy in a in a completely different strategy. But this is this is something we're kicking around a lot. He's like, man, he goes, you know, because we are very accustomed to going out and finding off market, you know, either distressed or, you know, whatever it is you name it for how we can get a discount on the buy side. And we're looking at his strategy and how effective it is. And I'm like, Dude, just get on the MLS and start buying retail. Your your cash flow is insane on what you're doing. So why waste time, you know, trying to nickel and dime your way to success when you've already got the plan built and you just you can afford to pay retail. There's enough margin there is what I'm getting the numbers.   Shawn DiMartile (00:19:22) - Make sense.   Sam Wilson (00:19:22) - Right? So cool. So you can buy retail your product still make sense or your margin still makes sense at retail when you build those seven units, how many square feet are those approximately per unit.   Shawn DiMartile (00:19:36) - So our two bedrooms are a little over 600ft². And then we're providing a number of studios that are about 346ft² right now. I know a lot of your listeners are thinking, my goodness, that's small, but that is sort of the trend here in Southern California to get the units a little bit more affordable. But to combat the how small they are, we're implementing a ton of strategies and design to make them feel a little bit bigger. So floor to ceiling windows, bringing in tons of natural light. And the studios have these really cool excuse me, Murphy beds that convert to couches. That way the that unit can feel big for the tenant.   Sam Wilson (00:20:15) - Yep. Yeah. Love a good Murphy bed. That's cool. All right. So and again, a 7000 square foot lot is not that big. Like I'm sitting like my my lot here is only 9000ft². And I'm going, wow. Okay, so that's that's 2/7 or I guess whatever, two nines. Anyway, it's 2000ft² smaller galley. I can't do the math here on the fly.   Sam Wilson (00:20:36) - It's too, too early in the day. But 2000 square foot smaller, I'm thinking, how do you fit seven units plus a house? Where do they where do they park?   Shawn DiMartile (00:20:44) - So good question. With this strategy, one of the one of the things that also make it great is the city doesn't require parking so long as you're within a transit priority area. So TPA for short, that just means you're within a half a mile of major public transportation no matter what kind it is. So this the the tenants are going to have to park on street parking, but there's a plenty of street parking in this area. It's far enough away from the beach and a community where everyone will be able to find parking. But that's not really a huge downside for this market because that's street parking is what everybody has. If you've got, you know, private parking, that's huge. And by the beach.   Sam Wilson (00:21:21) - Right. No, absolutely. Absolutely. Cool, man. That's awesome. I love that. Just the the again, the finding something unique and then finding a way to scale that.   Sam Wilson (00:21:32) - So, I mean, you've answered a lot of questions. You've thought really I think obviously you've thought really well through this strategy and it's and it's effective. So you're then taking these units and you're selling them off. Is that what I heard?   Shawn DiMartile (00:21:45) - Yeah. So, you know, some of these because of our investor appetite, you know, some investors don't want to hold as long, some do. So some projects we're going to be doing shorter holes that are more like a 3 to 4 year hold where we're going to lease it up, get it stabilized and then sell it off for a quick pop on their money. And then some of our deals we're going to be doing like 5 to 7 year holds or even longer so we can just hold these cash flow on them and then reap the rewards of the increase in rents that we're going to continue seeing.   Sam Wilson (00:22:12) - Man, that's awesome. Sean, We've got about three minutes left here on the show. I want to hear a little bit more about what our investors can find inside of your book and how they can gain access to that.   Shawn DiMartile (00:22:23) - So to gain access to the book, it's really easy. Go to investor Sean Simple and I spell my name Shar investor Sean and the book is going to tell you everything about this strategy, all the basics. You can read this book in 15 minutes and it's going to tell you not only like what the rules are, the municipal code, it's going to show you the websites you can go to to find out how many units you could put on the calculations, all of that stuff, ways you can mitigate risk. All of that is within that book compacted down as much as I could get it. And then, you know, also, if you're while you're at it, make sure to follow me on Instagram. Sean underscore Demartini Hopefully we could throw that in the show notes or something. But I talk a lot about this strategy on my social media as well.   Sam Wilson (00:23:07) - Fantastic. Yeah, we'll make sure we include your name and the spelling of that. For those that are not sitting in front of a computer or able to actually access the show, notes Martellus de Martinelli.   Sam Wilson (00:23:18) - So when you're looking up Sean, that's how you spell his last name. Sean Thank you again for coming on the show today. Man, the day was a blast. I certainly loved hearing about your strategy going to the Navy, becoming a air traffic controller. What it took for you then to get out and just building, building your wealth such that you could exit your W-2, looking 20 years in advance, saying, I don't want to be that person? You gave us some great insights on capital raising, on how to be authentic and just being yourself. Your unique story, crafting that unique story and telling it such that investors can relate to you, man. And then also just the you know what to do out of the gate, getting on podcasts, blogs, writing an eBooks, engaging in the community. Man, you've dropped a lot of great things here today outside of downloading the e-book there at your website link. Is there any other ways you'd like our investors to get in touch with you or learn more about?   Shawn DiMartile (00:24:02) - You know, I just want to emphasize one more time to follow me on Instagram.   Shawn DiMartile (00:24:06) - I'm putting a lot of work into it. You're going to see some super cool content that's really high quality. And outside of that, man, you'll get everything else off of investors. Sean And thank you so much, Sam, for like plugging all this stuff and all your kind words. I do appreciate it, brother.   Sam Wilson (00:24:20) - Absolutely. Thank you, Sean. Appreciate it. Have a great rest of your day. You too. 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.

Recently, the city of San Diego, California implemented a new program to help increase housing stock and affordability. They created a bonus accessory dwelling unit, or ADU, program that allows investors to build 10, 20, 30 or more units where a single-family home existed before. My guest today sees this program as a ‘pot of gold' for real estate investors, and he's going to share how he's been leveraging this program to create new profit streams for himself and his investors. Shawn DiMartile is the co-founder of Takeoff Capital, a private equity firm with over $50 million in assets under managements spread across 300 units. Today Shawn discusses the important ways in which ADUs can help increase housing stock, how San Diego has made ADUs a priority, and how he and his investors have been leveraging this strategy in their portfolio. Find out more: Instagram: @shawn_dimartile Website: www.investorshawn.com Today's episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

On this week's episode, You'll learn how to get connected to others in real estate and build a track record in this conversation with Shawn DiMartile. Shawn is a real estate investor based in San Diego with more than 300 rental units, a boutique hotel, and several Airbnbs, with a cumulative value of more than $50 million. He is also host of the podcast The Real Estate Takeoff and co-founder of Takeoff Capital. Shawn is a U.S. Navy veteran and worked as an air traffic controller prior to investing in real estate. During his time as an air traffic controller, Shawn found he lacked time freedom, often working six days a week and putting in long hours. After looking into real estate, he liquidated his 401(k) to partner with his now business associate on a 32-unit apartment property located in Indiana. The investment presented several challenges, though within two years, they were able to triple the value of the asset and sell for a substantial profit. The experience left an impression on Shawn and motivated him to further pursue real estate investing. Recognizing the need for guidance to scale his efforts, Shawn found a mentor who had been an accomplished apartment investor for more than two decades and had a portfolio with 8,000 units. Shawn went on to syndicate his first 150-unit multifamily property in 2021. Just two months later, he syndicated a 145-unit multifamily property. With an eye for San Diego, Shawn recognized the historic limitations for investors based on low cap rates and landlord tenant laws. However, when San Diego implemented its ADU (Accessory Dwelling Unit) Bonus program to resolve its housing crisis, Shawn found an opportunity to create a niche and build additional rental units on properties. He outlines his investment strategy in his ebook “California Gold.” During the episode, Shawn encourages listeners to overcome the fear of making mistakes when starting out, and to look for ways to contribute when connecting with others. “Become friends and surround yourself with real estate in every way you can,” he shares. “Then start as early as you can to provide value to other people.” You can connect with Shawn through Instagram and his website Investor Shawn. I'm always happy to connect with listeners—you can find me online at: My website: JamesNelson.com LinkedIn: JamesNelsonNYC Instagram: JamesNelsonNYC Twitter: JamesNelsonNYC My Real Estate Weekly articles: REW-online.com/author/jamesnelson My Forbes.com articles: Forbes.com/sites/jamesnelson

This week's Misfit Entrepreneur is Shawn Dimartile. Shawn is the founder of Takeoff Capital, a private real estate equity firm with over $50M in assets under management spread across over 300 units. He is also the co-host of The Real Estate Takeoff podcast and author of California Gold, Unlocking SoCal's Most Profitable Real Investment Strategy Over the Next Decade. The thing I love about Shawn is he didn't start out with a silver spoon in his mouth. In fact, he's a veteran that went to work as a traffic controller. In his spare time, he dedicated himself to creating financial freedom with a focus on real estate and figured it out reaching his goal in just 3 years. I've always loved real estate as a way to build wealth and I'm excited for Shawn to share his story of how he figured it out and you can too. Follow Shawn on Instagram @Shawn_DiMartile To see the full show notes and Misfit for this episode, go to www.MisfitEntrepreneur.com Show Sponsors: Simple Texting: Plans start at just $29 per month but as a Misfit listener, you can try SimpleTexting free for 14-days. And if you go to simpletexting.com/misfit you can get $100 worth of free credits when you sign up. 5 Minute Journal: www.MisfitEntrepreneur.com/Journal

Dive into this captivating episode featuring Shawn DiMartile, the visionary co-founder of Takeoff Capital. From air traffic controller to triumphant real estate investor, his journey is a testament to resilience and strategic thinking. Discover his innovative approach to capitalizing on the San Diego real estate market, as he masterfully transforms modest two-bedroom homes into sprawling 13-unit apartment complexes.DiMartile's early investment experiences, his mentorship journey, and his emphasis on proactive action all serve as valuable lessons for anyone in the real estate industry.We also delve into the multifaceted world of multifamily investing through accessory dwelling units (ADUs). DiMartile and his team adeptly leveraged alterations in the San Diego municipal code, adding bonus ADUs to amplify housing availability. Get an insider's view into their current project: transforming a beach community house into a multi-unit residential haven.In this insightful conversation, DiMartile divulges crucial advice on risk management and investor relations, emphasizing the need for transparent communication and setting clear expectations. He also gives us a glimpse of the cutting-edge tech tools he utilizes to streamline his business and personal life.Whether you're a seasoned real estate mogul or a budding investor, this episode is a treasure trove of practical tips and innovative strategies that can revolutionize your real estate investment game. Be ready to take notes!Don't miss a beat of Sean's dynamic real estate journey. Follow him on Instagram shawn_ diMartile for behind-the-scenes looks, investment tips, and more. For deeper insights and resources, visit his website at Takeoff Capital . Stay connected and empower your real estate investment journey with Shawn DiMartile. Act now!VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

In this episode, join our host Shawn DiMartile as he sits down with special guest Valerie Shirah, real estate investor and founder of a thriving Virtual Assistant Agency. Valerie shares her remarkable journey from a real estate entrepreneur struggling to handle everything on her own to a savvy business owner leveraging the power of virtual assistants. Discover how Valerie's decision to hire virtual assistants not only accelerated the growth of her real estate business but also significantly reduced costs compared to hiring full-time employees. Gain valuable insights as Valerie guides professionals through the process of connecting with overseas virtual assistants and delegating tasks effectively. Whether you're a real estate enthusiast or an entrepreneur looking to optimize your operations, this episode offers practical tips and inspiration for achieving scalability and efficiency in your business. Tune in and learn how virtual assistants can revolutionize your professional life! Guest Info: Valerie Shirah Website: https://thestreamlineteam.com/ Email: valerie@thestremlineteam.com

In this episode we have Shawn Dimartile, a successful multi-family investor, podcaster, and operator. Sean shares about his journey from air traffic controller to real estate success, the growing trend of military service members transitioning into real estate, and tips for beginner investors. He also explores the success of two friends who invested in a 32-unit apartment complex, the differences between multi-family and Airbnb investments, and their San Diego meetup "Beers & Deals." Join us for an inspiring conversation on real estate investment. [00:01 – 12:17] From Air Traffic Controller to Multi-Family Investor Starting a college education and working full-time to pay for it can be challenging. The journey to success can be unpredictable and sometimes come from unexpected places Building relationships and networking can lead to valuable opportunities and connections Adapting and being open to new experiences can lead to personal and professional growth [12:18 – 24:06] Overcoming Financial Hardships and Finding Financial Success The availability of information is at an all-time high with numerous sources of free content on the internet. A humble upbringing in Louisville, Kentucky, with limited financial resources taught the speaker the value of hard work and the desire to improve their financial situation. The speaker recognized the importance of financial literacy at a young age and pursued a career in engineering to increase their earning potential. The speaker's drive to move up the social class ladder and improve their financial situation motivated them to seek higher education and career opportunities. [24:07 – 34:41] Lessons Learned from Real Estate Investing Experience Making mistakes is an important part of learning and growth in real estate investment The unique challenges and variables in each deal help build thicker skin and prepare you for future deals Every deal is different and requires calculated risk taking Buying older assets may come with unexpected challenges and should be approached with caution [34:42 - 43:06] Closing Segment See the links below to connect with Shawn Final words Quotes: “There is no amount of reading you're gonna do. There's no amount of podcast listening you're gonna do. There's no amount of anything you're gonna do to avoid making some mistakes. I promise you you're gonna make mistakes. You should make more. That's just important.” - Shawn Dimartile Connect with Shawn: Website: https://www.pac3capital.com/invest-with-us/ Know more about John and Francisco by visiting www.Peak15Cap.com. Also follow them on Facebook, Instagram, and LinkedIn.

In today's episode of How To Scale Commercial Real Estate Podcasts, we are joined by Shawn Dimartile  Shawn is a founding member of Pac 3 Capital, He directs and oversees capital improvement projects and is responsible for identifying, analyzing, and underwriting all acquisitions. Let's hear more about Shawn's story of how they made 40 Million In assets under management and how they are currently moving into boutique hotels and properties.   Highlights: [00:00 - 05:32] Opening Segment Shawn is a former traffic controller for the FAA He met his partners that were all interested in real estate and they jump right in liquidating their 401k taking their saved money to a 32-unit apartment complex Walking away from a 6 figure income W2 job is monumental for Shawn. Shawn adds that being an FAA while building a real estate portfolio is tough.  [05:33 - 11:14] How to Profit from the Boom in Boutique Hotels Investors can benefit from buying boutique hotels, which are becoming increasingly difficult to find. There is always a risk when investing in these types of properties, but with the right strategies, it can be a profitable venture. One way to mitigate risk is to list the hotel on Airbnb or another similar platform.   [11:14 - 16:31] How to Underwrite a Boutique Hotel Buying a boutique hotel can be more complicated than buying a multi-family property, as data collection and research are required to make accurate projections. Small-time operators typically have bad financials, and it can be difficult to find comparable properties. Returns for investors can be high, depending on the property's renovation potential and return profile.   [17:39 - 19:21] Closing Segment Reach out to Shawn Dimartile See links below  Final words Tweetable Quote “Going into a boutique hotel space is always gonna be like, it's a little bit different than multi-family because when business is booming, it's booming and it fluctuates for example COVID really hurt the hotel industry more than they affect multifamily” -Shawn Dimartile You can mitigate a lot of that risk and you can just increase your income by putting your boutique hotel and listing it on those kinds of platforms That's a great way to mitigate that risk because even in the economic downturns, people are going to Airbnb and trying to book those smaller units building..” -Shawn Dimartile ------------------------------------------------------------------------- Connect with Shawn Dimartile by visiting www.pac3capital.com/ or email him at shawnpac3capital.com   Connect with me: I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.   Facebook LinkedIn Like, subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!   Email me → sam@brickeninvestmentgroup.com Want to read the full show notes of the episode? Check it out below: [00:00:00] Shawn Dimartile: the general business plan is to go and do our value. Add right away, take the property offline or half of it offline at a time, go in, completely renovate it inside and out. Add amenities, like some hot tubs, maybe some cool fire pit areas. [00:00:13] Shawn Dimartile: And then after we have 12 full months of financials. So, with renovation, I'll probably take about 17 months to get a full 12 month PNL to show a bank and then refinance and pull all of our capital back return all the capitals. [00:00:25] Shawn Dimartile: And then sell in year three or five, and our investors are, can see a 2.5 X to three X equity, multiple.  [00:00:32] Intro: 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. [00:00:45] Sam Wilson: Shawn Dimartile and his partners are multifamily, syndicators, boutique, hotel operators, and short term rental investors. He and his partners have over 52 million in assets, under management. And they're also hosts of the multifamily takeoff podcast and host their own real estate. [00:00:58] Sam Wilson: Meet up in San Diego. Sean, welcome to the  [00:01:01] Shawn Dimartile: show. Thank you so much for having me on Sam. I'm  [00:01:04] Sam Wilson: stoked. Hey man, pleasure's mine. There are three questions. I ask every guest who comes from the show in 90 seconds or less. Where'd you start? Where are you now? How'd  [00:01:11] Shawn Dimartile: you get there? All right. In 90 seconds or less where I started as a, as an air traffic controller for the FAA. [00:01:17] Shawn Dimartile: That was my w two job before I quit in March. I met my two partners air traffic control. We were all interested in real estate investing. And we jumped right in by liquidating our 401ks. Taking our saved money and buying a 32 unit apartment complex. Our, we have our own, we start our own podcast as well. [00:01:33] Shawn Dimartile: We call it the multi-family takeoff and that's just kind of a play on word since we're all our traffic controllers, right. Fast forward. And. We got some mentors and we started growing over the past year, especially exponentially did two big syndications last year. Right now we're sitting at 300 multi-family units. [00:01:50] Shawn Dimartile: We have our own portfolios of numerous Airbnbs, single family, and we've started purchasing boutique hotels. We close on the first one on Monday, man.  [00:01:59] Sam Wilson: That's a lot of moving pieces. I love that. And so it was just March here of 2022. When you waved goodbye to being an air traffic controller. That's  [00:02:07] Shawn Dimartile: right. [00:02:08] Shawn Dimartile: I think it's a scary thing for anybody to do. No matter how many assets you have to quit that guaranteed income w two. And it was a really good job, high six figure income. Right. So, to walk away from that was definitely monumental, but it's definitely allowed me to focus on this real estate, more raising capital and putting all my energy into. [00:02:26] Shawn Dimartile: Yeah.  [00:02:26] Sam Wilson: I mean, for people that don't know air traffic controllers, I mean, that's that, like you said, [00:02:30] it's a very nice paying job. I mean, those are, oh yeah. Those are hard things to to walk away from where'd you work  [00:02:35] Shawn Dimartile: out of. So I worked out of a, there's a facility here in San Diego and it's a radar only facility called SoCal TRACON and I control the approaches and departures for long beach airport, Fullerton, Los salamis, and Torrance. [00:02:48] Shawn Dimartile: And I did that for six years.  [00:02:50] Sam Wilson: Wow. Wow. That's a, yeah, that's a, in some of the busiest airspace in the world. Exactly. there you are coordinating all those flights, man. I bet your stress level has gone down just slightly.  [00:03:02] Shawn Dimartile: Absolutely. Absolutely. And you're working crazy hours in that job. Like all shifts. I would work morning, night and graveyard shift in a five day span. [00:03:11] Sam Wilson: Ooh, wow. Yeah. Wow. Yeah. That's yeah, that's that? That's awesome, man. Good for you. And you're stuck in a radar facility with probably no outside windows or anything else for that.  [00:03:22] Shawn Dimartile: Correct. It's a dark area. It's cold in there and you're working crazy hours, man. So, yeah. [00:03:27] Shawn Dimartile: And trying to build a real estate portfolio while you're doing that is tough. Right,  [00:03:32] Sam Wilson: right. But you've done it. I mean, that's the thing is, as you guys have done it, tell me when, I guess, since this is so fresh for you, when did you know that, Hey, I'm onto something. I can , not only onto something, but I can now replace my income and, or at least I have enough momentum to know that what we're doing is gonna be worth the investment. [00:03:50] Shawn Dimartile: It was a combination of getting the multifamily, syndications, the big ones closing on those last year. Which increased my net worth substantially enough to where I know that over the next couple years, as those refinance and sell, I'll have a lot of income coming in that I can use. But the biggest thing was building the cash flow. [00:04:08] Shawn Dimartile: I needed to sustain myself. So I basically built enough cash flow through my short term rentals and everything to where I was meeting, what my take home was from the w two job. And that was the point where I realized, okay, now I can step away. This will sustain me. I can count on it. And then I'm just gonna go really hard on the real estate. [00:04:28] Shawn Dimartile: So it was really, once I knew that my long term strategy was gonna be, was gonna be bringing in income over the next three or five years, and then my cash flow could sustain me over that period.  [00:04:39] Sam Wilson: Right. That makes a lot of sense. So you close two big multifamily syndications. You've got some short term rental. [00:04:45] Sam Wilson: And then you said, Hey, wait, there's something to the boutique hotel space, walk us  [00:04:51] Shawn Dimartile: through that story. So it started with the fact that multi-family is so competitive right now. And it's so difficult to find deals. I mean, you know [00:05:00] how it goes, underwriting 100, 200 deals, and then a couple of those might make sense to make offers on, to meet your investor expectations. [00:05:07] Shawn Dimartile: You might make some offers, but then they're hyper competitive. So it's tough. To find the deals right now, very tough. And you have to put in a lot of time and energy and resources into networking with brokers and underwriting, like a, having someone underwriting for you full time, whatever it is. [00:05:21] Shawn Dimartile: So as we kept looking for deals, underwriting months going by and how difficult it was, we were realizing what our short term rentals, just how insane the cash flow was on like, Airbnb properties, et cetera. And we had heard of other people taking down these boutique hotels and what we liked about. [00:05:38] Shawn Dimartile: Is that we can get a hotel, let's say, for example, this 10 unit that we're getting on the California coast of Northern California, we close next Monday. We can, you can find a lot of these boutique hotels that are operated by, family operated or mom and pop operated, just like a lot of the value add multifamily with a ton of value, add a ton of inefficiencies, just all kinds of leverage. [00:05:59] Shawn Dimartile: You could pull to increase the NOI. And you could find those with relative ease. Now there's not as many as these of these boutique hotels as multifamily, but you could find some deals right off a loop net. That makes sense where you're buying at a higher cap rate. Like a 12 cap, for example, you can go in as cash flowing day one, and you can drastically increase the cash flow. [00:06:20] Shawn Dimartile: So we're kind of. Combining what we've learned in short term rentals and Airbnbs and whatnot, and what we've learned in multi-family. And we're kind of combining the two, and now we get the benefit of all that value add on those short-term rentals and using the commercial form valuation and cap rates. [00:06:37] Shawn Dimartile: Why? And so there, we just see a ton of opportunity here and we've pivoted because we're seeing that like, okay, we can put. All this time and energy into these assets right now, where there's just loads of them with virtually no competition. And we can accomplish the same thing for our investors as we are with our multi-family investments, but with higher cash flow. [00:06:57] Shawn Dimartile: And so we're basically just kind of evolving with where the market is right now and going, where we see opportunity. And even more reason why is because so many cities and municipalities are either banning it, a short term rentals outright on single family homes, or they are restricting them and capping how many can be and making it a lot more difficult. [00:07:17] Shawn Dimartile: And you can find these boutique hotels and markets like that and target those. And reduce the amount of competition on the short term rentals,  [00:07:27] Sam Wilson: right? Yeah. That, that, that was gonna be the the [00:07:30] question is because if it's already a hotel it's already a short term rental. The likelihood that there's retroactive, all that stuff gets grandfathered in or is already zoned for that. [00:07:43] Sam Wilson: So  [00:07:43] Shawn Dimartile: exactly. If it's zoned for it, that's the big thing, because if it's zoned as a bed and breakfast or a hotel commercial, then those rules don't apply to you. Most of the time, these regulations are just targeting single family homes. They're not targeting for example, Airbnb. The regulation will read that a single family home, these are the restrictions if it wants to be a short term rental, so you'd completely avoid the regulations. [00:08:05] Sam Wilson: Right, right. And that's the beauty of it is you can go into, and we've mentioned this several times on this show, which I'm not a favor of intervention or, the political risks that go along with investing in certain areas or just can be completely frustrating, but yet there's, it always creates some form of market distortion. [00:08:23] Sam Wilson: I think and you have to be, you can get mad about it or you can find a way to exploit it and I'm gonna use that word, exploit it and, or use that market distortion  [00:08:31] Sam Wilson: We go there and there's all these there's taxes or there's this, or there's that. But I think it also creates market distortions. If you're prepared to exploit those market distortions, use an investor can benefit from those same political kind of risks that whatever are in that area. [00:08:45] Sam Wilson: So in this case, it sounds like the ability to buy a boutique hotel is really advantageous. If you're in a climate where it's like, oh, Hey, short term runners are really getting clamped down on. Right. Does that sound about right?  [00:08:57] Shawn Dimartile: That sounds, that is exactly right. I couldn't have said it better myself. [00:09:00] Shawn Dimartile: I mean, It, like you said, like in San Diego, for example, they're gonna severely restrict the number of Airbnbs or short term rentals, single family in the city. They're gonna cap it at 1% of the housing supply. There's all these other rules and San Diego is just an insane market for short term rentals. [00:09:15] Shawn Dimartile: I mean, as an example, I have a duplex that grosses over $220,000 a year, one side is a two bedroom, the other side's a three bed and a city like this, where there's gonna be far less of those houses available for people to rent. You could take advantage of that if you can find a boutique hotel. That makes sense. [00:09:34] Shawn Dimartile: Right? So you're just, you're evolving with the market. You're taken what the defense has given. And and making adjustments,  [00:09:41] Sam Wilson: right? Yeah, absolutely. What are the risks you see in moving into the boutique hotel  [00:09:47] Shawn Dimartile: space? So I think that the risk in, going into a boutique hotel space is always gonna be like, it's a little bit different than multi-family because when business is booming, it's booming [00:10:00] and, they just, it fluctuates more. [00:10:01] Shawn Dimartile: Right. So there could be like, for example COVID really hurt the hotel industry. It hurt them bad. And then that was just an unforeseen black Swan event and things like those will affect. Those boutique hotels more than they would affect multifamily. Cuz then multifamily like yeah, people could maybe not afford to pay rent anymore, but they are on a lease and they owe you that money. [00:10:22] Shawn Dimartile: Whereas with short term rentals, it is a little bit different. Now you can try and mitigate that risk in a lot of ways. And one of the things that we notice like Airbnb itself, that platform That they have more market share on short term rentals than all the major hotel companies. And these boutique hotels, you can list them on Airbnb. [00:10:38] Shawn Dimartile: That's where people are increasingly looking to book. So, I see that you can mitigate a lot of that risk and you can just increase your income by putting your boutique hotel and listing it on those kinds of platforms. That's a great way to mitigate that risk because even in the economic downturns, people are going to Airbnb and trying to book those smaller units building. [00:10:58] Sam Wilson: Have you seen any decline in demand on the short term rental  [00:11:03] Shawn Dimartile: side? There was a decline in demand last year, a little bit, there was a dip this year there's been a huge increase even with the hotels they've bounced back massively since this time, last year. And that's, it was COVID there was a lot of restrictions and that's gonna hurt everybody whenever you can't. [00:11:20] Shawn Dimartile: Go out to dinner in a given city where like, if your boutique hotel is in little Italy, but you can't go to any of the restaurants it's not gonna do as well.  [00:11:27] Sam Wilson: Right. Absolutely. Talk to me about the underwriting of those. you're looking at a hotel, you're looking at buying it. It's been run, I'm assuming by some mom and pop or, similar operator. [00:11:38] Sam Wilson: How do you underwrite that? How do you make projections? What are some things that, that you feel like our listeners should know if they're looking at this type of investment?  [00:11:48] Shawn Dimartile: So it's go, it's gonna be a lot more complicated than in some ways than underwriting a multi-family property. The data can be a lot harder to get. [00:11:56] Shawn Dimartile: So, number one, if you're buying these from these small time operators, they're typically gonna have really bad financials. I had one send me a word doc with just like two paragraphs and they were missing the vast majority of expenses and stuff that you're just gonna have to expect that, that you're gonna get garbage. [00:12:11] Shawn Dimartile: And you're gonna have to work around that. You're gonna have to either find somebody that's done this before and use some of their income and expense numbers to look at. We will use co-star reports, run reports on similar nearby properties. We like to look at air DNA data. Which is a short term rental data business. [00:12:29] Shawn Dimartile: We'll combine [00:12:30] that with the co-star data because you can look at short term rentals on air DNA that are a shared room and fine data on nearby boutique hotels that way. And what kind of revenue they're bringing in. So you gotta use a lot of different sources on the 10 unit we're buying. We even went to the nearby properties and just straight up, asked the manager on site, Hey we're buying this one. [00:12:50] Shawn Dimartile: We wanna ask you a couple questions. And they, a couple of them literally opened up their books and showed us everything. We wanted to know what their revenue was, all that kind of stuff. So I think a combination of those three strategies, you can collect enough data to help you find average nightly rates, occupancy, and things like that, to see what your baseline is. [00:13:09] Shawn Dimartile: And then also what you think you can get with the renovations and. Better projections, but it takes a lot of digging because. There's so many factors with short term rentals,  [00:13:18] Sam Wilson: right? Yeah. And that's it. And I think your key point there's, it takes a lot of digging. It doesn't sound like there's one, 1 cent. [00:13:25] Sam Wilson: Not that there is one central source for anything, but it sounds like this one takes a lot more just kind of craft and nuance to it than just like, Hey, we're gonna underwrite and look at the five, properties around. It's like, okay, we're gonna have to build our own data table  [00:13:36] Shawn Dimartile: here. [00:13:37] Shawn Dimartile: Yeah, exactly. And like with like co-star and multi-family, you could pull just about any bit of information that you want on comps. Right. But if you're looking at boutique hotels, a lot of those boutique hotels aren't reporting their income and information to co-stars. So like that makes it a lot more difficult. [00:13:53] Shawn Dimartile: And that's why you have to do a lot more boots on the ground and investigative work. You know what I mean? Why do you think these  [00:13:59] Sam Wilson: sellers are selling.  [00:14:02] Shawn Dimartile: A lot of, so the two sellers that we've, so the one we're closing on next week and another one we got an offer in both sellers are similar. They've, they're older in age and they wanna retire. [00:14:10] Shawn Dimartile: They've owned these properties for just a really long time and they're ready to dump them. We've got an offering on a property with the lady wants, she's owned it and live next to it, this seven unit bed and breakfast for forever, and she's just ready to retire and doesn't wanna deal with it anymore. [00:14:26] Shawn Dimartile: And so we run into a lot of that. And that's really what we target, to be honest with you. I'm, we're interested in the value add properties where we don't think they're running it right. And they're ready to get rid.  [00:14:36] Sam Wilson: Right, right. Fantastic. Talk to me about the return profile. I know you had mentioned that give a duplex there in San Diego, that's just, off the charts, revenue on the grocery revenue side of things, how does that differ when you start getting into the boutique hotel space? [00:14:52] Shawn Dimartile: So when you get into the boutique style hotel space, you're definitely looking at smaller nightly rates, lower nightly rates, simply because it's not a standalone house and [00:15:00] it's a smaller room and whatnot, right. But, essentially the returns our investors are seeing, and what we're projecting, we're able to, the general business plan is to go and do our value. Add right away, take the property offline or half of it offline at a time, go in, completely renovate it inside and out. Add amenities, like some hot tubs, maybe some cool fire pit areas. [00:15:22] Shawn Dimartile: And then after we have 12 full months of financials. So, with renovation, I'll probably take about 17 months to get a full 12 month PNL to show a bank and then refinance and pull all of our capital back return all the capitals. And in some cases, when we're underwriting all the cap investors capital plus a little more on top. [00:15:39] Shawn Dimartile: And then sell in year three or five, and our investors are, can see a 2.5 X to three X equity, multiple. So really robust returns, basically what people were seeing in multifamily five to 10 years ago. Right,  [00:15:52] Sam Wilson: right. Yeah. Absolutely. Tell me about running these. I mean, other than, platform platforms like Airbnb, what does the day to day operations look like for you guys? [00:16:03] Sam Wilson: How are you managing that  [00:16:04] Shawn Dimartile: side of the business? So it's a multi-pronged approach. What we do is we convert these into the main thing we do is convert them into a self check in operation, just like with an Airbnb property. Okay. And the reason is because we can reduce payroll because we don't need a manager on site to simply hand people keys. [00:16:23] Shawn Dimartile: Or answer questions or whatever. So we can reduce that payroll drastically. And oftentimes that opens up an Inkeeper room or an office that we can also make a unit. So we put the keypad locks on every single door. We will put it on booking.com have its own private website listed on Airbnb and VRBO O and across all those platforms the guest will get self-checking instructions. [00:16:44] Shawn Dimartile: We have 24 7 guest communication via virtual assistant and some full-time employees. So they'll be able to answer all the guest questions via phone call, direct message, whatever, if they have any trouble getting in, we also have. Right next to the key pad lock. We put a spare key lock just in case something like that happens. [00:17:03] Shawn Dimartile: And so the day to day operation is made much easier. That way it can all be done remotely. And then we have full-time cleaners that can handle certain tasks with this. But if there's, a maintenance request that needs to be made our 24 7 staff will be able to get that message, call a handyman call a plumber, whatever needs to be done. [00:17:21] Shawn Dimartile: So all of the management is done remotely and it's a lot more efficient that way. Yeah,  [00:17:27] Sam Wilson: absolutely. Absolutely. Yeah. So you [00:17:30] and you, and then you guys of course are the backstop to that management. So there's not a third party management or anybody else coming in, that's helping you run these,  [00:17:36] Shawn Dimartile: right? We do have a third party management, but it's owned by my partner, rich, my partner, rich summers has his own management company for short term rentals. [00:17:43] Shawn Dimartile: And then we use his management company, but we're able to streamline pretty much everything. I mean, we even give our cleaners An Amazon account and multiple accounts where they can order supplies as they're going low. So that's all automatic and we don't have to do it ourselves. So automating a lot of the operations increases efficiencies helps us have more revenue and decreases the expenses. [00:18:05] Sam Wilson: Absolutely. What is a cash on cash? Like on average, I know you probably can't talk, deal specifics, but for a limited partner coming into a deal, what do you guys target for an acceptable cash on cash return to your investors? Because these are heavy income producers. And so I'm just curious what that looks like. [00:18:21] Shawn Dimartile: Absolutely 15 to 20% cash on cash plus. And as the years go on and after we've repositioned it, that could increase on some of these deals. So really nice cash flow, in multi-family. It's kind of the opposite. Like you might get, like, if you're getting six to 10% in cash on cash, you're doing pretty dang good. [00:18:38] Shawn Dimartile: And then, obviously your investors, they make their money. When you sell or refinance, they'll get a big pop when you sell. And then their average annual return IRR will look really great. And with these boutique hotels, it's a, it's kind of in the middle because you're gonna get really nice cash flow and still get a good check when we sell. [00:18:55] Shawn Dimartile: Right. No,  [00:18:55] Sam Wilson: that's absolutely cool. I love the ability that you guys have found to pivot and to pivot quickly, I mean, you started off, I think you said with two big multi-family syndications, you had some short term rentals and he said, wait, there's an opportunity here in the boutique hotel space. [00:19:11] Sam Wilson: And that's that's really cool. And I love the kind of thought process behind it. How you guys have done your underwriting. How you've gone out to the street level literally. Yeah. To find out and make your own kind of market comps, if you will, for what these assets can produce. [00:19:24] Sam Wilson: So that's that's absolutely cool, Sean. Thanks for coming on the show today. I certainly appreciate it. If our listeners wanna get in touch with you and learn more about you, what  [00:19:31] Shawn Dimartile: is the best way to do that? You can go to pack three capital.com. That's P a C the number three C a P I T a l.com. And you can click on the, contact us button and fill that out, and then I'll reach out to you within 24 hours. [00:19:47] Shawn Dimartile: And you can also just email me directly, Sean, at pack three capital.com SSHA w n@pacthreecapital.com. Awesome.  [00:19:53] Sam Wilson: Thank you again for your time today. Chanon certainly appreciate it. [00:19:56] Shawn Dimartile: Absolutely. Thanks for having me.  [00:19:57] Outro: Hey, thanks for listening to the how to scale [00:20:00] commercial real estate podcast. If you can do me a favor and subscribe and leave us a review on apple podcast, Spotify, Google podcast, 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. 

Shawn DiMartile is an apartment investor, Co-host of The Multifamily Takeoff Podcast, Co-founder of Pac 3 Capital, and Co-host of the Beers & Deals REI networking event in San Diego, California. Shawn got started in real estate investing when he purchased a 32-unit apartment building in Greenwood, Indiana. Today, he and his partners own 300 units, all located in North Carolina. He was able to quit his day job in March 2022 and is now a full-time real estate investor. For fun, he enjoys backpacking in the wilderness for days at a time in our national parks. He believes that AirBNB should be required to verify licenses and/or use software to identify illegal rentals, and that rentals should be listed on AirBNB to maximize market share. To learn more about his work, listeners can visit his website at https://www.pac3capital.com/![00:01 - 11:15] Opening SegmentLet's get to know Shawn!How he got into real estateHis primary focus has shifted to the boutique hotel market[11:15 - 20:50] Find Opportunities In The Boutique Hotel MarketOpportunities for people in the boutique hotelAirBNB is harder to use this servicePurchasing and operating boutique hotelsAirBNB is a popular platform for short term rentalsTransitioning to hospitality services[20:51 - 27:05] THE FINAL FOURWhat's the worst job that you ever had?Washing dishes at a restaurantWhat's a book you've read that has given you a paradigm shift?“Rich Dad Poor Dad” by Robert KiyosakiWhat is a skill or talent that you would like to learn?Learn to speak SpanishWhat does success mean to you?Shawn says that, “Success to me is Time Freedom.”Connect with ShawnWebsite: https://www.pac3capital.com/ Podcast: The Multifamily TakeoffInstagram: @sdimartileLEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Spotify, Google, or Stitcher.LinkedInYoutubeExclusive Facebook Groupwww.yonahweiss.comNone of this could be possible without the awesome team at Buzzsprout. They make it easy to get your show listed on every major podcast platform.Tweetable Quotes:“If you're zoned properly, if you're a bed and breakfast, you can list on all those platforms. You could basically do whatever you want.” – Shawn DiMartile“The true freedom was being able to do what I wanted with my time.” – Shawn DiMartileSupport the show

AnVi welcome Shawn Dimartile from The Multifamily Takeoff podcast to discuss his self taught dive into multifamily. www.instagram.com/themultifamilytakeoff www.instagram.com/sdimartile www.anviinvest.com www.instagram.com/anviinvest vince@anviinvestments.com andrew@anviinvestments.com

Shawn DiMartile is a managing partner of Pac 3 Capital, a real estate syndication firm specializing in apartments and short-term rental acquisitions and operations. Shawn formed Pac 3 Capital just two years ago with his two partners, and since then they have acquired assets in multiple states in the Midwest and Southeast.  Shawn and Pac 3 Capital currently have over $28 million in assets under management, spread across 327 units. Shawn is a huge proponent of mentorships, partnerships, and taking risks to get started in real estate investing.    Let's tune in to his story!   [00:01 - 05:04] Opening Segment   Welcome to the podcast! Get to know our guest Shawn Dimartile Bio   [05:05 - 11:53] Multifamily Gold Rush   Why more people are getting into multifamily How to scale your short term rentals and bring in numerous investors Issues to look out for in getting to the short term rental space Regulation Shutting down your operation Prevent these risks!   [11:54 - 34:22] Short Term Rentals and Multifamily in 2022   Scaling short term rentals and multifamily The Burn B Model Build unique little AirBnbs Dealing with millennials' different preferences Shawn talks about their southeast investments at Pac 3 Capita How to Raise Capital and Misconceptions in the Raising Capital Gain Take the Risk and Do Everything You Can for a Deal The Legacy Round Shawn's Favorite Deal: 32-Unit Property at Greenwood, Indiana   [34:23 - 39:44] Slice of Knowledge   Shawn's Last Words “Invest as much as you can every day.”

Rich is an active real estate investor and entrepreneur holding a portfolio of apartment buildings and short-term rentals values in excess of $35M. Rich started his real estate investing journey by cashing out his 401k to buy his first apartment building, and today Rich has grown his portfolio to over 350 units and has left his corporate job for good. Rich co-hosts a weekly real estate investing podcast, “The Multifamily Takeoff”, where he interviews top real estate investors and industry experts from all over the world. He also co-hosts a monthly real estate networking event in his local city of San Diego.   Most recently, Rich founded Fortune Cribs as he discovered a shortage of sophisticated, performance-driven operators and a growing need for an all-in-one acquisition, design, and management firm in the short-term rental space. A graduate of California State University San Marcos College of Economics, Rich is passionate and eager to leverage his network and expertise to help you maximize your returns and grow your real estate portfolio.   Let's tune in to his story!   [00:01 - 08:13] Opening Segment   Welcome to the podcast! Get to know our guest Rich Somers Bio We're all local!  Listen to The Multifamily Takeoff Podcast with Mike Tighe, Shawn Dimartile, and Rich Somers Rich's Real Estate Story: I got obsessed with real estate investing   [08:14 - 31:12] The Successful Entrepreneur's Mindset   Going All In Risks, People, and Time 6 to 9 months of obsessive learning How much can you handle? Rich shares the challenges he faced as a real estate investor The 3-Step Process of Thinking of a New Idea for Successful Entrepreneurs The Edge of Being Uncomfortable Early On The Succesful Entrepreneur's Mindset Rich's First Deal A deal in Cincinnati for the cash flow They don't always go as planned

Shawn DiMartile stepped away from a six-figure salary as an air traffic controller to focus on commercial real estate full-time, and the risk has paid off. In 2021, he was able to 10x his portfolio with multifamily syndications, and currently has $27,000,000 in AUM. In this episode, Shawn shares how he found the deals that 10x his portfolio and the strategies he's using to raise cash flow. Shawn DiMartile | Real Estate Background Managing Partner at Pac 3 Capital where they syndicate multifamily value-add properties. Portfolio: GP of $27M in AUM across 327 units. Quit his job as air traffic controller this month (December 2021) to focus on building his real estate portfolio. Based in: San Diego, California Say hi to him at: shawn@pac3capital.com | pac3capital.com Best Ever Book: Pitch Anything: An Innovative Method for Presenting, Persuading, and Winning the Deal by Oren Klaff Click here to know more about our sponsors: Deal Maker Mentoring | PassiveInvesting.com | FollowUp Boss

As an air traffic controller, Shawn Dimartile knows stress and knows how to handle it. But he's been working on a side hustle for awhile that will allow him to retire from his career very early. He plans to enjoy financial freedom and less stress as a multi-family apartment investor. Shawn has lots of tips to share in this episode. https://www.pac3capital.com/ https://www.multifamilytakeoff.com/ https://www.biggerpockets.com/podcast https://www.barnesandnoble.com/w/the-hands-off-investor-brian-burke Thank you to Bokuwa and Wizzie2k for your music! https://open.spotify.com/artist/7HfQ9VLWIRSikubNOZiu8J

Four years ago he came to the realization that the traditional path of working a 9 to 5, being stuck in the rat race, and saving in a 401(k) until he was 65 was not the road to the wealth he wanted to follow.So after studying various asset classes, he came to realize the power of multifamily real estate for generation generating wealth. And since then, he's acquired 32 units and maybe a little bit more and dedicated himself to helping others learn more about the incredible potential of the multifamily asset class.Since this realization, he acquired 32 units and dedicated himself to helping others learn more about the incredible potential of this asset class through his podcast.In our conversation, we discussed:Finding Mentors or Partners to Partner WithGood Work EthicDST is a Solution Alternative for Failed 1031 ExchangeEliminate Private Equities Covered at Tax BreakConnect with Shawn Dimartilehttps://capitalgainstaxsolutions.com/launching-your-multifamily-business-with-shawn-dimartile/Love the show? Subscribe, rate, review, and share!Here's How »Join the Capital Gains Tax Solutions Community today:capitalgainstaxsolutions.comCapital Gains Tax Solutions FacebookCapital Gains Tax Solutions TwitterCapital Gains Tax Solutions Tiktok

In this episode, Dalyn Hazell sits down with Shawn DiMartile to talk about retiring from a day job and pursuing real estate full time and using 401k and IRA money to invest in real estate.Shawn is a founding member of Pac 3 Capital where he directs and oversees capital improvement projects. He is responsible for identifying, analyzing, and underwriting all acquisitions and director of investor relations. Shawn currently has over $28 Million in multifamily assets under management. Shawn is also the co-host of The MultifamilyTakeoff podcast and a proud United States Navy veteran.Key takeaways from this episode:-The things you need before you start investing in real estate.-Pension system is better than 401k.-The most attractive thing about real estate and how it will change your life.-Real estate creates financial freedom faster than most other asset classes.-How does the 401k system work and why do some people end up pulling their money out?-What you need to do when undertaking a multifamily property.-The difference between buying a 1968 apartment vs. buying a 1968 house.Subscribe, Listen to our episodes and leave us a review:Apple: https://podcasts.apple.com/us/podcast/real-estate-investing-for-freedom/id1570870735Spotify: https://open.spotify.com/show/2d3nMp137jfw6MDyPPsY3jGoogle: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5idXp6c3Byb3V0LmNvbS8xNzkxNDk0LnJzcw==Connect with Guest, Shawn DiMartile:Email: shawn@pac3capital.comWebsite: https://www.pac3capital.com/Instagram: @sdimartile @shawnpac3capitalConnect with the Host, Dalyn Hazell:Facebook: https://www.facebook.com/dalyn.hazell/Instagram: https://www.instagram.com/dhazell24/Email: dalyndhazell@gmail.com

If you are interested in real estate, this is the podcast for you. Today we dive into why you should go as big as possible, jump right into that larger property so you can catapult yourself into a massive success.Trying to figure out how to get started in business or real estate investing? This episode teaches you exactly what you need to do, Shawn shares his story on how he got as big a property as possible, to reduce risk and maximize growth potential. He was able to do it through partnerships, and you can do it too! Learn how, today. This episode inspired me to go as big as possible, it's safer, and a far quicker way to scale than it is to stick around the little fish for too long. To become a whale in business, you need to take big bites.

Sign up for The Real Wealth Solutions newsletter https://bit.ly/RWSNews. We really like to bring you actionable content and with this episode, our guest hits it out of the park!First, three different people used three different ways to access their 401K to invest in real estate. Second, Shawn's tips to increase his tenant leads is worth a listen to all owners, no matter who is managing your property. To help get you on the right path with increasing tenant leads we've included links to Shawn's blog post on Facebook Marketplace and our YouTube series on Craigslist marketing.Finally, his communication systems with his out of state third party management are both efficient and dynamic.Good stuff all the way around!About Shawn – Shawn is a founding member of Pac 3 Capital where he directs and oversees capital improvement projects. He is responsible for identifying, analyzing, and underwriting all acquisitions and director of investor relations. Shawn currently has over $28 Million in multifamily assets under management. Shawn is also co-host of The MultifamilyTakeoff podcast and a proud United States Navy veteran.Reach Shawn at –An Apartment Investing Firm - Pac 3 CapitalShawn@Pac3Capital.comResources – Best Ever Apartment Syndication Handbook – Joe Fairless & Theo Hicks - https://amzn.to/3f535w3Shawn's Blog - Quadruple Your Tenant Leads with Facebook Marketplace | LinkedInReal Wealth Solutions Craigslist Video Series - https://bit.ly/RWSCraigslistVideo Reach Greg at -Greg@realwealth.solutions or schedule a call - https://calendly.comReach Darren at -Darren@realwealth.solutions or schedule a call - https://calendly.comOr reach us on any of the following links:Real Wealth Solutions - Facebook - YouTubeThanks for listening and, as always, an honest review or follow is greatly appreciated.

The multifamily mastermind special episode welcomes Shannon Ludlow of The Multifamily Journey, John Fortes of The Passive Investor Show, Justin Fraser of True Multifamily, Shawn DiMartile of The Multifamily Takeoff, Daisy Serrano & Luc D'Abreau of the Make it Rain Podcast, and German Buendia & Oscar Buendia of the REI Brothers Podcast as they come together for a one-of-a-kind Multifamily conversation.  These hosts have collectively interviewed more than 500 guests. Tune-in as they give their input in this behind-the-scenes multifamily conversation covering the industry and podcasting world. Topics: - Favorite guests - Biggest misconception of multifamily investing - The lending landscape - How many deals are you underwriting before submitting an LOI? - The elusive first deal (how hard is it to get your first deal?) - Return on Capital VS Return of Capital - Investor Relations - Growing interest in millennial interest in multifamily syndications - Their “Why”, motives & passions Podcasts represented in this episode:  The Multifamily Journey o Website: www.themultifamilyjourney.com/ o iTunes: Podcast Page  The Passive Investor Show o Website: www.passiveinvestorshow.com o iTunes: Podcast Page  REI Brothers Podcast o Website: www.gooddaycapital.com/podcasts/ o iTunes: Podcast Page  Make It Rain Podcast o Website: www.makeitrainpodcast.com/ o iTunes: Podcast Page  True Multifamily o Website: www.truemultifamily.show o iTunes: Podcast Page  The Multifamily Takeoff  o Website: www.multifamilytakeoff.com o iTunes: Podcast Page

The multifamily mastermind special episode welcomes Shannon Ludlow of The Multifamily Journey, John Fortes of The Passive Investor Show, Justin Fraser of True Multifamily, Shawn DiMartile of The Multifamily Takeoff, Daisy Serrano & Luc D'Abreau of the Make it Rain Podcast, and German Buendia & Oscar Buendia of the REI Brothers Podcast as they come together for a one-of-a-kind Multifamily conversation.Enjoy 6 Multifamily Podcast hosts all publishing the same recording underneath each other's own respective brand!  These hosts have collectively interviewed more than 500 guests. Tune-in as they give their input in this behind-the-scenes multifamily conversation covering the industry and podcasting world.Topics:

Shawn DiMartile is a multifamily real estate investor, managing partner of an apartment investing firm, https://www.pac3capital.com/ (Pac 3 Capital,) and host of https://www.multifamilytakeoff.com/ (The Multifamily Takeoff Podcast), a podcast about all aspects of apartment investing. He came to the realization that the traditional path of working in a 9 to 5 as an aircraft controller, being and saving in a 401(k) until 65 was not the road to the wealth he wanted to follow. After reading books and listening to tons of podcasts about real estate and various asset classes, he came to realize that multifamily real estate has the power to build wealth and provide financial freedom. In 2019, while still working his full-time W-2 job as an air traffic controller, he partnered with two colleagues to acquire their first multifamily acquisition, a 32-unit in Indianapolis.    KEY POINTS Selecting the right market to invest in. How to build credibility without any experience. How to raise money for your very first deal. Why a 401k isn't the right way to save for retirement. Good Debt vs. Bad Debt. Why habits are SO important.   LIGHTNING QUESTIONS 1. What was your biggest hurdle getting started in real estate investing, and how did you overcome it? Experience hurdle and overcome it by preempt and hammering at weaknesses. 2. Do you have a personal habit that contributes to your success? Writing a blog or article, reading and learning more every day to get better in his business. 3. Do you have an online resource that you find valuable? https://www.biggerpockets.com/ (BiggerPockets) https://joefairless.com/ (Joe Fairless) 4. What book would you recommend to the listeners and why? https://www.amazon.com/Pitch-Anything-Innovative-Presenting-Persuading-ebook/dp/B004H4XL7E (Pitch Anything) book by Oren Klaff 5. If you were to give advice to your 20-year-old self to get started in real estate investing, what would it be? Go buy a real estate asset right now.  RESOURCES Visithttp://m/gp/product/B00NB86OYE/ref=as_li_tl?ie=UTF8&tag=jacob0ee-20&camp=1789&creative=9325&linkCode=as2&creativeASIN=B00NB86OYE&linkId=100a9d2905599266aa7088bba0a33d55 ( Audible) for a free trial and free audiobook download!  https://www.forbes.com/sites/wadepfau/2018/01/16/the-trinity-study-and-portfolio-success-rates-updated-to-2018/ (The Trinity Study) https://www.pac3capital.com/ (Pac 3 Capital) https://www.multifamilytakeoff.com/ (The Multifamily Takeoff Podcast) https://www.linkedin.com/in/shawn-dimartile-52a0211a5/ (Shawn's LinkedIn)

In this episode we talk to Shawn Dimartile from the Multi Family Takeoff.  We talk about how Sean became an air traffic controller, how he overcame his student debts, and how he got started in real estate.  We talk about the various options you have for investing.  This is a great epsiode for anyone looking to get started saving for their future. https://www.multifamilytakeoff.com https://www.facebook.com/themultifamilytakeoff https://www.biggerpockets.com https://www.neighborhoodscout.com https://www.amazon.com/Best-Ever-Apartment-Syndication-Book/dp/0997454326/ref=sr_1_2?crid=1VGSAT2257WAD&dchild=1&keywords=the+best+ever+apartment+syndication+book&qid=1605324553&sprefix=the+best+ever%2Caps%2C228&sr=8-2

One of the most common mistakes investors make is when trying to do it all. Shawn DiMartile, co-founder of The Multifamily Takeoff Group. With his partners, they provide opportunities for investors to achieve Financial Freedom and Generational Wealth through Multifamily Investing. Shawn talks about the value of finding the right business partner in building your business. He shared the importance of self-awareness and how this can ultimately help you find the best partner for you!