Multifamily Shared Living Spaces

Today we talk with David Drewett, owner of Property Hero. David provides a great service to Sarasota, FL by providing affordable housing in a market that’s not affordable. He does this by investing in distressed multifamily properties, fixing them up and adding rooms in the living spaces, and then he rents out the rooms. The tenants share the kitchen and bathroom, and they also do the cleaning and light maintenance. It’s a win-win since the community is happy to see buildings getting painted and fixed up while helping people get affordable housing, and it’s a great business for David.

Key Discussion Points

[01:05] Opening remarks by Eric Odum and Steven Silverman

[05:49] About our guest: David Drewett

[06:58] How did you get started in real estate investing?

[08:27] Why did you choose Sarasota to start your real estate business?

[11:29] At what point did you get into multifamily

[12:38] What type of multifamily properties are you targeting for investments?

[16:12] What is your ideal tenant for the rooms you rent out?

[17:46] Tell us about your tenants doing the maintenance and cleaning

[19:17] Do you do leases or month to month?

[20:17] What are some of the important tenant rules in maintaining your business model?

[24:25] Do yo have someone help you with the leasing, or do you show the spaces yourself?

[26:33] How do you manage your properties and tenant payment

[29:42] What advice would you give to new investors – knowing what you know now?

[33:59] How are you managing your crews?

[35:27] How can folks get in touch with you?

[40:40] Closing comments by Eric & Steven

About our Guest

David Drewett is the owner of Property Hero. He and his company have closed more than 500 real estate transactions in Florida. David is knowledgeable in most facets of real estate transactions and is known for paying top dollar for investment properties. David is an investor in multifamily, and most recently is buying distressed multifamily properties and rents out the rooms.

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Foreign National Investment in U.S. Real Estate

Today we talk with Lauren A. Cohen, founder of eCouncilInc.com. Lauren is both an attorney and a realtor, and she uses this background to help foreign nationals find and secure U.S. real estate investment opportunities as well as obtain visas. For those foreign nationals looking to use real estate as a vehicle for obtaining a visa in the U.S., there is a way to do it, but you have to do it in the right way and use qualified professionals to help you. Lauren and her team can assist with all aspects of U.S. real estate investments and securing visas.

Key Discussion Points

[01:04] Opening remarks by Eric Odum and Steven Silverman

[05:53] About our guest: Lauren A. Cohen

[06:41] How did you get involved in real estate as an attorney and realtor?

[09:09] How can someone become a legal U.S. resident by investing in real estate?

[13:55] Which real estate scenarios are you seeing foreign investors best qualify for an E2 visa

[20:53] Discuss the implications of foreign investors purchasing U.S. real estate

[25:12] From a cash flow standpoint, what does it take to qualify for an E2 visa?

[26:20] Can foreign investors carry debt on real estate investments for an E2?

[27:03] Talk about foreign investors raising equity from friends and family in their home country

[29:23] What are the implications for foreign investors investing in land?

[31:04] Do you clients invest primarily in Florida or in other parts of the U.S.?

[32:32] How do you help your clients find the right real estate investments?

[34:04] What is the difference between the E2 visa and EB-5 visa?

[35:33] How can folks get in touch with you?

[38:16] Closing comments by Eric & Steven

About our Guest

Lauren is founder of ecouncilinc.com and is an international lawyer, realtor, and cross-border expert. Lauren is also a best-selling author and sought-after speaker, and a globally acclaimed legal and real estate business adviser. She has been featured in Inc. magazine, the Wall Street Journal, NPR, Working Mother, tv, and many podcast and radio shows. As a lawyer and realtor, Lauren is particularly well suited to guide investors in their cross-border investment pursuits.