Ep. 131 Rod Khleif: Landlord Tales – How Multifamily Investing Can Consolidate Your Bottom Line

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earn real estate cashflow with investment goals, multifamily investingInvestor, author and real estate investing mentor, Rod Khleif has done it all.

Rod was introduced to real estate investing early on. He managed to find success fairly quickly and, by 2006, had acquired thousands of properties across the U.S., including 800 in Florida.

Rod’s taste for real estate investing lies mostly in multifamily investing.

With single family properties, you can run the risk of spreading yourself too thin. It can become difficult to manage a large portfolio of single family properties. You have the potential to earn greater returns while managing fewer physical properties.

Rod also found that, following the market crash of 2008, his multifamily properties fared much better than his single family homes.

In this edition of Landlord Tales, Rod talks how multifamily investing allows you to consolidate your bottom line. He also shares his outlook on the real estate market cycle.

Consolidating Your Bottom Line Through Multifamily Investing

  • Easier Property Management
    • Stockpile spare/replacement parts for property maintenance
  • Stronger Buy-and-Hold Strategy
    • Duplexes/Four-plexes considered residential real estate, eligible for residential financing
    • Income producing
  • Commercial Multifamily Has Value-add Potential
    • You can exponentially increase your ROI through value-add features in your commercial multifamily investments.

Market Outlook

“What goes up must come down”

In his market outlook, Rod shares some uncertainty over the future of the real estate market. He cautions investors to be wary of those claiming that a crash isn’t going to happen.

  • Flippers: be careful entering into high-dollar flips
  • Multifamily investing: Avoid 5-year balloons

Whatever your market; single family or multifamily investing; focus on cash flow investments. Investing for value can leave you with little options in a downturn.

Investor Resources

To learn more about how multifamily investing can consolidate your bottom line and increase your cash flow check out Rod’s podcast Lifetime Cash flow Through Real Estate Investing, a real estate investing talk show with a focus on multifamily.

Rod is offering Invest Florida Show listeners exclusive access to his new book How to Create Lifetime Cash flow Through Multifamily Properties. To get your free copy:

Check out Rod’s past episode, in which he discusses the importance of implementing practical real estate goals into your investment strategy.

 

Ep. 130 Matt Robinson: What You Didn’t Know About the Florida Panhandle Real Estate Market!

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We’ve covered just about every Florida real estate market on this show. From Naples to Jacksonville, we’ve covered all of Florida’s major markets at least once; except for one. The Florida panhandle real estate market has been one market that we haven’t really touched on.

We’d like to thank our guest this week for helping us change that:

Florida panhandle real estate marketMatt Robinson is a veteran real estate investor and a panhandle native. He is the founder of the Professional Investment Guild, which provides real estate networking and education to area investors. With nearly 15 years investing experience and homegrown insight, Matt is the perfect person to talk about what the Florida panhandle real estate market has to offer.

How much do you know about Florida’s panhandle?

Due to it’s virtual separation from the rest of the state, its often overlooked by investors looking for a potential market. However, the Florida panhandle real estate market has a lot to offer investors.

The panhandle has beautiful coastlines for vacationing and Pensacola is a major economic generator in the area. Plus, the various large-scale military bases throughout the panhandle offer a stable rental market.

If you’ve been wondering about the Florida panhandle real estate market, you won’t want to miss this episode!

  • Strong military rental market:
    • Eglin Airforce Base (USAF)
    • Pensacola NAS (Navy)
    • Hurlburt Field (USAF)
    • Whiting Field NAS (Navy)
  • Economic growth around $1 billion Navy Federal Credit Union Pensacola campus
  • Investments seeing similar appreciation with Sunbelt, but home prices remain low
  • Low inventory and increased demand having an upward pressure on rental rates

Want to learn more about investing in panhandle real estate?

Matt started the Professional Investors Guild in 2013 to help real estate investors network and learn more about current market trends. You can visit their website to find out membership information. Or, you can check their scheduled meetings.

You can contact Matt directly through email at matt@professionalinvestorsguild.com.

Tampa Bay investors:

Join us at our downtown office space every month for real estate networking and educational seminars! You can meet the hosts and past guests, network with real estate professionals and learn important investment tips from expert speakers.

For more information, join our Meetup!

 

Ep. 129 Fund Your Real Estate Deal: From FNMA to Hard Money!

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fund your real estate dealFund Your Real Estate Deal

Did you know there is more than one way to fund your real estate deal? There are a lot of options available to investors, from mortgages, to bridge lending and hard money.

For our second live podcast event, we’re looking at two major avenues for real estate funding: institutional lending and hard money from private lenders. Our panel of experts answer questions from the audience and offer up tips and insight for finding and securing real estate funding.

Meet the Panel!

  • Frank Coto, III
    • Frank is the Founder and President of Lincoln Lending Group. Based in Tampa, Lincoln Lending offers flexible mortgage solutions for real estate investors and home-buyers.
  • Dan Feinman
    • Dan is a hard money lender and a real estate attorney as well as a hands-on investor, with a rental portfolio that he manages. He works with Starwood Capital Group as a capital partner. Through their partnership, he has transacted over $2.5 billion in non-performing notes and mortgages, and he is presently working with Starwood to raise a national hard money lending platform.
  • Bob Tosi
    • Bob is Vice President of EquityPro. Heading up EquityPro’s Tampa team, Bob assists in the brokerage of real estate for his clients: real estate investors.
  • Ben Yonge
    • Ben is the Founder and President of EquityPro. He heads EquityPro’s Orlando branch. He believes that the best real estate deals should benefit all parties.

Join us for our next live event Aug. 3rd!

Our next live podcast event will be focusing on commercial and residential evictions and will be hosted at our downtown Tampa office and conference space. For more information and event details, check out our Meetup page, Tampa Cashflow Meetup.

 

Ep. 82 Mark Nathwani: Just Do It! Real Estate Investing

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AAEAAQAAAAAAAAAmAAAAJGU2ZDRjNTU3LTY0N2YtNDRlMC1iMjFmLTI3ZTZkZDJiMzc4OQNobody said real estate investing was an easy business. Aside from the hard numbers and financial side, commercial and residential real estate investing requires dedication and perseverance from investors and a certain ability to thrive under pressure. For many, these pressures prove too great of obstacles to find success as real estate investors. Invest Florida Show aims to provide its listeners of all investment levels with the tools and resources necessary to make actionable investment decisions. In addition to providing educational resources to our listeners, we also want to inspire would-be investors to make the first big step and invest!

This episode our guest is all about inspiration. Mark Nathwani is a real estate investing specialist and international entrepreneur. Mark has assisted in the growth and development of many businesses and currently serves as CEO of RAMS Real Estate Holdings, a U.S./U.K. based firm focusing on foreclosure properties and other sensible Florida real estate markets. Above all else, Mark believes the first step is the biggest one: want to get into real estate investing? Just do it!

Mark’s Tips for Beginning Investors:

  • Single-Family Residential
    • SFR properties are relatively stable, secure markets for those looking to begin real estate investing
    • Florida has many strong SFR markets:
      • Tampa, St. Petersburg, Jacksonville, Orlando
  • Investment Strategies
    • Tailor strategy to investment type:
      • Fix-and-flip, wholesales, holds
    • Invest based on yield as opposed to price and valuation
      • Yield is generally higher in complicated markets i.e. low-income housing
    • Choose a market and apply strategies that suit that market, don’t cherry-pick strategies from other real estate markets
    • Cast a wide net to find deals
      • Brokers, letters, bandit signs, banks, etc.
    • Never lose confidence in your deal!

To contact Mark with any potential investment opportunities or to find out more about his real estate investing services, visit his website!

Ep. 79 Cuban Immigrants – Coming to America & Discovering Real Estate pt. 1 of 2

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AR-150519874Cuba. The island nation of roughly 11 million situated 90 miles south of Florida has, for decades, cast a large shadow over its continental neighbor. The U.S., especially Florida, has had a profound and diverse history with Cuba. Cubans and Cuban-Americans have played a nominal role in shaping Florida’s commercial landscape as well as cultural backdrop, with Tampa and Miami representing two major pockets of Cuban heritage and influence. This episode may be a bit of a departure from our typical shows, but as bilateral relations between the two countries progress, both Cuba and U.S. industries anticipate a major developmental boom that has real estate investors watching closely. This special episode will be represented in two parts with our guests sharing both some personal stories of their immigration into the U.S. as well as their involvement in Florida’s real estate markets.

Josue Romero is a mortgage broker serving as owner of My Lending Hub, a mortgage brokerage service company based in Tampa, Florida. Juan Nunez is a real estate investor in Tampa and currently owns and operates Zenun Enterprises, an investment firm focusing mainly on single-family markets. In 1999, Josue and Juan both arrived in Florida with their families seeking asylum. At the time, Cuba was in dire straits. Though the boys were young at the time, their families knew all too well the devastating effect of the ‘Special Period’ on Cuban welfare. When their families reached Tampa, they set about cementing the American dream as a reality with little more than resilience and hard-work. Despite its status as a Communist country since 1959, the Cuban disposition has always been innately capitalistic. Through their stories, Josue and Juan will introduce us to the concept of Inventar – the wholly Cuban approach to making something from nothing. We will learn how this unique ability and ingenuity lead to such a fluid and fruitful transition into mastering Florida real estate markets.

 

 

Ep. 73 Colin Murphy – This Investor Manages a Large Florida SFR Portfolio from Madrid, Spain!

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Colin Headshot Jan2013 croppedFlorida has long been known as a great real estate market for foreign investors. Commercial and residential markets both represent favorable investment markets for foreign capital. While investing in real estate outside of a county or state may seem a daunting task, this week we talk with an investor who grew and a successful SFR portfolio out of another country!

Colin Murphy is Director and Co-founder of Torcana, Ltd. an investment firm specializing in single-family properties in Florida. With over ten years’ experience behind him, Colin has grown Torcana into a leading name in Florida SFR markets and he was able to do it all based out of Madrid, Spain. This episode, Colin shares with us some tips for building a successful foreign real estate investment portfolio.

5 Must-Haves for Foreign Investors:

  1. Standard Contracts
    1. Avoid unnecessary and overly complex contracts
    2. Standard Realtor’s Assn. contracts offer foreign investors easy-to-understand terms
  2. Title Companies
    1. Foreign investors new to U.S. and FL markets may be unfamiliar with title companies
    2. Title companies ensure a clean title transfer in a real estate transaction. They run a property’s title against any outstanding liens and unpaid fees.
  3. Closing Costs
    1. Closing costs on U.S. and FL real estate is comparatively less than that of markets outside of the U.S.
    2. Despite the relatively low closing costs, foreign investors still need to be aware of what they are paying for
  4. Post-Closing
    1. Follow-up is needed after purchasing a property
    2. Find the right insurance coverage for your investment as well as establishing a property management plan
  5. Taxes
    1. All U.S. real estate is subject to taxes and returns must be filed on them
    2. County tax collector searches can be an easy way for foreign investors to keep track of their portfolios’ taxes

For a more comprehensive approach for foreign investors, check out Colin’s list of 20 things to know for real estate investing:

20 Things to know

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Colin also suggests Rich Dad Poor Dad, by Robert Kiyosaki and Millionaire Real Estate Investor, by Gary Keller, Dave Jenks and Jay Papasan for beginning investors

For more information from on Torcana‘s services or for investing opportunities, contact Colin: Torcana’s website, LinkedIn, or Bigger Pockets

 

Ep. 72 Santosh Govindaraju – Florida Developer Applies Wall Street Lessons to the Tampa Market

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5xa5OmeFor the average Florida real estate investor, Wall Street banking and investing practices may seem worlds away. However, one investor and developer in the state has managed to successfully fuse his expertise in Wall Street investing with the Florida real estate market.

Santosh Govindaraju is a Florida developer with an interesting history. Prior to finding success in Florida real estate markets, Santosh was immersed in the world of high-strategy investment banking on Wall Street. After moving to Florida, Santosh applied his investment banking expertise to Florida real estate with a focus on the Tampa market. Santosh and his firm, Convergent Capital Partners, have been providing equity and debt investment options in a variety of Florida commercial real estate for over 17 years. This episode, he discusses his transition to real estate investing and what’s next for the Tampa market.

  • Wall Street Lessons
    • “Reversion to the Mean” – markets and prices fluctuate, but they will always indicate a trend, or mean
    • Relative-value trading – With two similar asset classes, sell asset class sitting above the mean and buy the asset class sitting below the mean
  • Convergent Capital Partners
    • Santosh paired his understanding of financial side of investing with partner’s physical knowledge of real estate
    • Saw relatively stable markets in FL during late 1990s
    • Opportunistic commercial investing: all commercial asset classes except industrial; looking for properties with mixed-use potential
    • Private Equity Platform Fund-Operation: base of 10 investors; deal offered first to fund as whole, then to individual memebers
  • Tampa Market
    • Strong recent investment/development growth
    • Institutional capital competing for projects
    • New vision for Downtown Tampa
    • Harbor Island Project: “The Point” – Convergent Capital developing 115k sqf. property in Tampa harbor

For more information about Convergent Capital’s current projects or to contact Santosh, visit their website

Ep. 56 – Karma Senge: Trials & Tribulations of a MultiFamily Investor

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1f396c8When it comes to multifamily investing, the size of the deals is often the most intimidating, but as we know, with bigger risks come bigger rewards.There is always a reason not to do something. The transition to becoming a multifamily investor may seem overwhelming but many investors make the move into multifamily markets and overcome the obstacles to become successful multifamily investors.

Karma Senge is a multifamily investor with quite an interesting story. Like most real estate investors, Karma cut his teeth in investing in the single-family markets. After entering the market in the early 2000s, Karma had soon acquired over 350 properties in his portfolio and was single-handedly managing them all. After a brief departure from real estate investing to recover from the stress of single-family investing, Karma reentered the market with a focus on multifamily investing. Despite his renewed vigor, Karma had to work his way back from the ground up in the multifamily market, eventually acquiring his first investment on a 6-property portfolio. Karma’s story is one of hard work and perseverance. Karma managed to overcome the obstacles ahead of him and establish himself as a successful multifamily investor in Florida and the Southeast U.S.

  • Alternative Financing
    • Seller-financing and creative debt options provide an appealing alternative to institutional debt options
  • Due Diligence
    • Researching markets and properties is imperative before committting to any deal
  • Find a Mentor

    • Someone who is an experienced multifamily investor can serve as an invaluable source of information and guidance
  • Have a Team
    • A team of experienced staff or even a partner can help to manage responsibilities and stress
  • Community Investing
    • It is important to consider tenants when investing in multifamily. Invest in community-oriented projects and developments.

Karma recommends:

Rich Dad, Poor Dad by Robert Kiyosaki and The Big Leap by Gay Hendricks, PhD for those thinking of entering into multifamily investing.

If you would like to find out more about Karma’s investment firm, please visit his website

you can contact Karma via email at karmalodrowsenge@gmail.com