Ep. 145 Rod Khleif: Putting Your Multifamily Investing Goals into Perspective!

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multifamily investing

Photo: Gregory Radford

The new year is a time for new resolutions. For real estate investors, that means setting investment goals. Like many New Year’s resolutions though, sometimes it can be hard to put investment goals into practice. If you’re a single family investor looking to make the transition to multifamily investing, the leap can seem like a big one. However, setting practical investment goals can help you organize and plan your strategy as you make the transition.

That’s why we’re so excited to have this week’s guest back on the show! In this special live event, Rod Khleif joins us for an inspirational multifamily investing discussion and Q&A session.

For a talk on putting your multifamily investing goals into perspective, we wouldn’t want anyone other than Rod. His wealth of experience as a multifamily investor and his enthusiasm for sharing that experience makes for an inspirational and motivational event; perfect for putting your investment goals into perspective.

This episode Rod discusses his real estate journey and how, by forming practical investment goals, he was able to focus his multifamily investing strategy.

About Rod

Investor, author and real estate investing mentor, Rod Khleif, believes in the power of actionable investment goals. Setting goals for himself not only inspired him to become a successful real estate investor, they also empowered him to forge his path with a focused strategy. Since then, he has devoted much of his time to helping others realize their investment dreams.

For more from Rod, visit:

 

Ep. 144 Joseph Gozlan: Scaling Your Multifamily Investments Through Secondary Markets

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multifamily investmentsMultifamily investing is often the next step for real estate investors – typically those with single-family experience – looking to scale their investing and increase earnings through investment real estate. However, current market levels in major MSAs throughout the country are causing many multifamily investors to wonder how to continue adopting sustainable growth strategies.

While many multifamily markets may be reaching dizzying heights, you shouldn’t let that deter you. For the investor willing to put in the work, opportunity awaits. A little creativity and diligence can go a long way if you are looking to scale your multifamily investments. Just ask our guest this week.

Joseph Gozlan moved from Israel to Texas in 2007, quickly realizing the single-family investment potential available at that time. From there, he asked himself how to continue scale his real estate operations, finding multifamily investments to be the desirable vehicle.

Founding Eureka Business Group, Joseph has continued to scale and his multifamily investments, applying creative strategies in secondary and tertiary markets to find sustainable growth.

Scaling Your Multifamily Investments Through Secondary Markets

  • Why Multifamily?
    • Major MSAs nearing top of market
    • Huge generational shift from buying to renting
      • Baby-boomers
      • Millenials
  • Looking at Secondary Markets
    • Who are the major employers?
    • What are the major economic drivers? What are the risks?
    • What is the historical performance of the market?
  • Finding the Right Property
    • Focus on sustained returns
      • A-class multifamily may be hot, but B+C properties can fare better in market downturns
    • Think locally
      • Boots-on-the-ground market knowledge is key
      • Work with boutique brokerage firms
      • Build a trusted team on the ground
    • Off-market properties
      • Form local relationships in your desired market

Contact Joseph

Joseph is always looking to form relationships with brokers, property owners and sellers. If you’ve got a multifamily deal or have a question for Joseph, you can reach him be following the link below:

 

Ep. 143 Kris Chana: Multifamily Investing with a Twist – The Untapped Potential of Assisted Living Facilities

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assisted living facilitiesWhat do you think of when you hear the term “assisted living facility”? Most of you are probably picturing nursing homes, with orderlies and nurses and fully-equipped medical wards… probably something that most real estate investors would consider too much to take on.

However, assisted living facilities and senior care complexes tend to get a bad rap, especially considering the incredible investment potential they hold. Instead of thinking about assisted living facilities as old-folks’ homes or nursing homes, investors should look at these facilities as what they really are: multifamily investment opportunities.

Kris Chana is a an assisted living facility investor who brings a unique look at how multifamily investing strategies can be applied to this often over-looked asset class. Kris, along with his wife, Chelsea Chana, are the owners and operators of Chelsea Place Senior Care in Charlotte County, FL, Kris understands the potential for returns on senior care facilities. In addition to a full-time assisted living facility, Kris and Chelsea also own and operate a senior daycare facility. They are pioneers in applying traditional, multifamily investing concepts to senior living and this episode, Kris will be sharing their story along with tips on how investors can get involved in this unique and largely untapped asset class.

Find out about the untapped investment potential for Assisted Living Facilities!

  • Not just an asset class for institutional investors
    • Roughly 70% of ALFs are individually owned and operated
  • Not nursing homes
    • Does not require major medical component
    • ALFs are largely private-pay
    • More hospitality-driven than medically-driven
  • Multifamily… with additional services
  • Large demand for assisted living facilities through incoming baby-boomer generation

Strong ALF Markets in Florida

  • Sarasota County

Contact Kris

By email: kris@chelseaplaceliving.com

Phone: (941) 883-6600

Web: https://chelseaplacecare.com/

 

Ep. 142 Beth Azor: 5 Creative Strategies for Filling Retail Centers

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We’ve all heard talk and seen the headlines that the retail apocalypse is upon us. Listening to the news, it sounds like brick-and-mortar retail centers are going the way of the dinosaurs. However, that’s really not the case. While retail is definitely in the midst of significant change, it’s certainly not on the verge of collapse. As our guest this episode says:

“Retail isn’t dead, bad retail is dead”

filling retail centersBeth Azor is a commercial real estate broker and owner of Azor Advisory Services. She’s also a seasoned real estate investor focusing on retail properties. Joining Terra Nova in 1986, Beth got her start in real estate assisting with commercial leasing. She handled mainly office leasing but was also involved with retail leasing, which is where her love for that asset class formed. Eventually, she worked her way up to President at Terra Nova, but left to spend time with her family and to focus on her own real estate investing goals.

She now owns five retail centers and an office building that she plans to convert to retail. Beth doesn’t worry too much about the doom-and-gloom talk concerning retail investing, despite the worries of some, Beth sees a sunny future for retail. She has developed creative strategies for both finding and filling retail centers that offer strong returns.

5 Creative Strategies for Filling Retail Centers

  • Feet-on-the-street canvasing and property searches

    • Make physical visits to properties; open a dialogue with retail owners
  • The power of social media
    • “Networking on steroids”
  • Dedicated involvement with local Chamber of Commerce
    • Build trust among chamber members
  • Visiting corporate offices
    • In-person visits can go a lot further than a phone call
  • Small group broker networking
    • Connect with small groups of brokers; find similar interests

Connect with Beth

Ep. 141 Brian Bailey: A Federal Reserve Commercial Real Estate Expert’s Outlook on Florida

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As part of the Federal Reserve’s wide scope of responsibility and oversight, the eight regional branches are tasked with monitoring residential and commercial real estate markets; tracking trends and data in order to more accurately adjust to market fluctuations affecting the economy. These studies provide hard data for the Fed to make economic adjustments, but they can also be a great gauge for real estate investors. Any successful investor will tell you that the ability to forecast changes in the real estate cycle is vital. As much as knowing your market and asset class, an awareness of other economic factors is important for mitigating investment risk.

The Federal Reserve Bank of Atlanta serves as the central bank’s regional authority for the southeast. It tracks real estate markets for the region, including Florida and offers comparisons on a national scale. Our guest this week is a commercial real estate expert with the Fed’s Atlanta branch.

Florida commercial real estate outlookBrian Bailey is a Senior Technical Expert in the Supervision and Regulation Division of the Federal Reserve Bank of Atlanta. Specializing in commercial real estate, Brian tracks and analyzes emerging trends in the southeastern region and provides thought leadership on commercial real estate and guidance for the central bank.

Brian brings a diverse background in commercial real estate finance and acquisitions to the Fed. He has over 15 years of experience in commercial real estate finance, having managed financing for millions of square feet in real estate holdings for several large-scale equity and development firms. Brian received an MBA with concentrations in Real Estate and Finance from the University of Florida and has earned a CCIM designation.

You won’t want to miss this commercial real estate outlook on Florida!

 

 

 

Ep. 140 Courtney Barnard: Top 3 Legislative Issues Affecting Multifamily Investors for 2018

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While investors prefer real estate over other assets and securities due to its relative stability, it’s not without fluctuations of its own. Real estate is affected by a number of external forces, from the economy to local, state and federal legislation. What sets fluctuations in real estate apart from other investment classes is it’s general predictability; hardly anything happens out of nowhere in real estate. Most factors affecting real estate can be accurately tracked and anticipated. Investors who can keep ahead of these changes are able to mitigate much more risk in their investment.

Legislation is one of the most important factors affecting real estate investors. It affects everyone down to the local level and is able to affect every facet of real estate investing from financing to construction. With so much to keep track of, staying on top of current legislation may seem intimidating, but there are tools and resources available to assist you. For Florida multifamily investors, that’s our guest for this week!

legislative updates affecting multifamily investorsCourtney Barnard is a returning guest to the show and we’re so glad to have her back. Courtney is the Government Affairs Director for the Florida Apartment Association (FAA), the statewide chapter of the National Apartment Association (NAA).

The NAA/FAA serves as the primary advocate for residential multifamily investors and apartment owners. Not only does it represent apartment owners in front of lawmakers, it also provides education and support for investors. As Government Affairs Director, it’s Courtney’s job to track all national and statewide legislation affecting multifamily residential real estate and relay it to investors. Each year, Courtney provides an annual legislative update on key legislation that directly affects the residential multifamily industry.

Find out the Top 3 Legislative Issues affecting multifamily investors in 2018!

 

Ep. 139 Tyler Sheff: Buying Notes Can Be a Sustainable Real Estate Investing Alternative!

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buying notesThe real estate market is reaching a peak in its cycle. Investors are seeing a tightening market in many major asset classes, especially in residential and commercial multifamily markets. You may be wondering how you can find deals offering great value for your investment; it may be time to start thinking outside the box.

Did you know that buying notes can be a great alternative real estate investment strategy? Instead of buying a property, you buy and hold the debt on the property. With proper understanding of buying notes, this method can be a great alternative real estate investment strategy and maximize your cash flow.

Here to talk with us about note-buying is investor and educator, Tyler Sheff. We’re very excited to have Tyler on the show. A seasoned real estate investor as well as a licensed residential Realtor, Tyler is also the creator and host of The Cash Flow Guys podcast.

This episode, Tyler will share his transition from house-flipper to syndicator. He also discusses buying notes as an alternative cash flow strategy. He shares tips for developing sustainable investment strategies and pitfalls to avoid along the way.

Buying Notes

  • Buying non-performing notes can be a great strategy during a real estate market peak
  • Debt sold at fraction of value

How to Invest?

  • Joint Ventures: private money or IRA
  • Financing through local banks

Anticipating Returns

  • 12-24 months before first returns
  • Investors receive preferred returns and 5 & 10 year pro formas

Avoiding Pitfalls

  • When buying notes, due-diligence is very important
    • note documents mean a lot more than the property
    • watch for missing or incorrect information on notes

Investor Resources

  • For more info on buying notes and debt investing, check out the Cash Flow Guys podcast. They’ve got several episodes on note-buying.
  • To get in touch with Tyler or the Cash Flow Guys team, email info@cashflowguys.com or visit www.cashflowguys.com

 

Ep. 138 John McNellis: Retail and Multifamily Investors Won’t Want to Miss This Development Outlook

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Where is retail heading?

development outlookThis is a question we’ve gotten a lot lately from our listeners and investors. With the rise of online shopping through Ecommerce options like Amazon, we’ve been seeing some rapid tightening in retail development across the board. With big-box retail winding down and shopping center investments getting tight, many investors and developers are wondering what comes next.

Our guest this week is an expert on spotting development trends and cycles. John McNellis is a developer, speaker and author. Founder and President of Mcnellis Partners development firm, John has been developing a variety of real estate for over 30 years. Although retail and multifamily have been his primary asset classes, John has development experience in several asset classes.

This episode, John joins us to discuss the development outlook for retail and offers advice for investors looking to make the transition to development.

Development Outlook

  • Retail markets challenged throughout the U.S.
    • Over-building of retail
    • Influx of online shopping
  • Retail going through downsizing cycle
  • Industrial market seeing benefits from Ecommerce boom

Approaching Development

  • Residential: best to start with land and build up
  • Retail: finding a good tenant for anchor is best strategy
  • Risk-management is key to long-term success
  • Rule of thumb: look for investments that earn 2% above cap rate
  • Don’t build on spec

Transitioning to Development

  • Find an experienced partner when transitioning to large or mid-size multifamily developments
  • For first-time developers, find a broker in your area that specializes in the asset class you want to develop
  • Approach the public with a project before taking it to city officials

Investment/Development Advice

  • Development follows job growth
  • Urban Land Institute (ULI) is a great resource for developers

Resources

 

 

 

Ep. 137 Ken Rosen: These Buying Strategies Can Help You Choose the Right Investment Property

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There’s no doubt we’re seeing a tightening market. In Florida, especially in the Tampa Bay market, we’re seeing demand outpacing construction; leading to higher prices in asset classes across the board. For investors, this means choosing the right investment property for your portfolio may take a little more work. That’s not to say a great investment isn’t waiting out there for you, it may just require a little creativity.

real estate buying strategiesKen Rosen knows a thing or two about creativity. As one of the leading innovators of South Florida real estate investing, Ken was a pioneer of condo conversions, reinvigorating the area’s multifamily market. Mr. Rosen has continued to be a driving force in South Florida real estate, working with a variety of asset classes before focusing mainly on office investing.

With over 30 years of investing experience and insight and over $500 million in transactions, Ken has earned a respected reputation among investors. He remains an active investor, mentor and educator as well as a best-selling author.

This episode, Ken provides his insight into where the market is at, where it’s heading, and how the right buying strategies can help you make the right investment.


“One good real estate investment is worth a lifetime of labor”


Buying Strategies for Smart Investments

  • Properties with long-term owners of high return opportunities
    • Under-market rates
    • Room to increase rents
  • Account for inflation when writing multi-year leases
    • Office, Flex, Industrial
  • Look for “B” buildings in “A” locations

Investment Properties to Watch

  • Self-storage
  • Multifamily

Resources

Check out Ken’s best-selling book, “Investing in Income Properties: The BIG SIX Formula for Achieving Wealth in Real Estate” for even more insight into Ken’s buying strategies.

For questions or investment opportunities, call Ken directly at (305) 469-6708 or email krosen@kendar.com