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Ep. 172 Jason Wojo: 4 Steps to Achieving Balance on Your Real Estate Journey

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The path to real estate success may look very different for each individual investor, but though the length and direction of the journey may vary, the destination remains the same: happiness. You became involved in real estate investing in order to better pursue the dream  of a successful, happy life, however you define it.

But what happens if you lose sight of that vision?

Real estate investing can serve as an excellent vehicle for realizing your life goals. Most likely, you’ve been drawn to investing because the greater control and flexibility it offers in determining your future. Despite this, some investors get caught in a vicious cycle of deal-chasing, never realizing a true sense of success and experience burnout.

To achieve a true work/life, you need actionable steps in place to ensure that your investment journey reaches a successful destination. This episode, we take a look at understanding the steps needed to reach your goal and how to incorporate those steps into your investment journey.

About Our Guest

jason-wojoThis episode we have Lifeonaire CEO, Jason Wojo, join us to discuss these steps. We’re very excited to have Jason with us for this topic.

Jason was able to rebuild his entire life from scratch and discover the true meaning of fulfillment and success by redefining his real estate vision. His passion and zeal for the Lifeonaire message led to him becoming a coach, speaker.

 

Achieving Balance on Your Real Estate Journey

  • Define Your Vision
    • Look beyond financial success when defining your vision – what do you want most out of life? Remember: investing is a means, not a destination
  • Meet Your Financial Needs
    • As you embark on your journey, keep your financial needs simple. Prioritize your finances to keep your vision in focus.
  • Generate Excess Income
    • Building off of stage 2, strategize your streamlined financials and start leveraging an excess income.
  • Invest into Income-producing Property
    • Use the excess income you’ve earned in stage 3 and start making that income work for you. Investing in income-producing property allows you to keep working towards your vision without getting bogged down in the endless cycle of deal-chasing.

Contact Jason

jasonwojo@lifeonaire.com

Ep. 171 Kim Lisa Taylor: Tips for Growing Your Real Estate Syndication Network

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Real Estate Syndication

It doesn’t take an investment guru to tell you about the obvious benefits to real estate syndication. Utilizing collective funds from an investor pool can help you scale your deals and increase your returns. But while investing using other people’s money sounds like an enticing strategy, there are not so many investors willing to take the leap into the syndication market.

Real estate syndication relies on the tried-and-true axiom:”know me, like me trust me”, only amplified. While this rule applies in any investment financing campaign, syndication can be arguably more hands-on. From keeping up-to-date on new and incoming regulations and legislation to establishing and maintaining your investor base, real estate syndication can be an imposing challenge for some investors.

However, with the right tools and resources, real estate syndication can help you realize and attain more ambitious investment goals and allow opportunity for greater returns.

This episode, we discuss the ins-and-outs of syndication – from legislative updates to marketing and growing your network.

About Our Guest

real estate syndicationWe are very excited for this week’s guest, Kim Lisa Taylor, Esq., to join us for this discussion on real estate syndication as means for financing. The founder of Syndication Attorneys, PLLC, Kim’s focus is on providing the legal and marketing tools entrepreneurs need for raising capital.

As a legal expert on syndication as well as an author and educational speaker, we couldn’t ask for a better fit to discuss real estate syndication.

You won’t want to miss this episode on tips for growing your real estate syndication network!

Contact and Investor Resources

If you want to find out more about Syndication Attorneys, PLLC’s professional services, or for a comprehensive archive of articles and educational resources, visit their website.

Ep. 170 Eddie Lorin: Carving Out Your Niche in the Affordable Multifamily Market

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The Affordable Housing Dilemma

More than any other property class, affordable housing is considered the white whale (or perhaps black sheep) for real estate investors. Despite the dire need for affordable housing in the marketplace, a strategy for developing affordable multifamily that meets suitable returns continues to elude investors.

While the trend towards luxury, A-class continues, many industry insiders say we are nearing the ceiling for sustainable luxury multifamily. Meanwhile, there remains no shortage in the demand for affordable workforce housing.

‘Taking Blight and Making Light’

When it comes to affordable housing, the biggest deterrent for multifamily developers is the perceived lack of sufficient returns to make it a worthwhile investor. The majority of the affordable housing market is comprised over older, B and C property classes in often overlooked areas leading many multifamily developers to believe that the returns aren’t there.

However there are some key points about the affordable multifamily market that developers overlook:

  • Workforce housing consumers are often long-term tenants, ensuring steady returns
  • Older, low-cost properties are ripe with value-add potential

The need for affordable housing isn’t going away. If you are willing to put in the effort, deals are out there. With the right tools and resources, you can carve out your own niche in the affordable multifamily market

About our Guest

affordable multifamilyEddie Lorin is the Founder of Strategic Realty Holdings. Through his philosophy of impact investing, Eddie has purchased and transformed over $3 billion multifamily real estate establishing 180 communities and providing 40 thousand units to the affordable multifamily market.

Coming from a diverse real estate background, Eddie has made it his life’s mission to address affordable housing concerns.

This episode, Eddie shares his investment philosophy and how it led him to the affordable multifamily market. He shares how he was able to carve out a niche to meet a badly needed demand and offer tips for investors interested in affordable housing investing.

You do not want to miss this episode on carving out your niche in the affordable multifamily market!

Ep. 169 Rob Gidel: Lawfare – How to Address Mold in Your Commercial Lease

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Mold in Florida Real Estate

If you own property in Florida, you know that the potential for mold is a constant threat. While not all mold is deadly, removal and cleanup can be a costly process.

Many commercial leases fail to provide for specific clauses addressing mold. If you do not address mold prevention and removal with your tenants during the lease-signing, you can leave yourself wide-open to liability should mold be discovered in your property.

How to Address Mold in Your Commercial Lease

1031 exchanges net lease investments; exclusive use clauses, commercial leasingFor this edition of Lawfare, we have attorney Rob Gidel join us to talk us through the nuances of addressing mold in your commercial lease and how to navigate potential areas of liability.

You’ll remember Rob from past episodes in which we’ve discussed areas ranging from 1031 Exchanges and net lease investments, to building a successful partnership with your real estate attorney.

In this episode, Rob gives us an overview on the issue of mold in commercial leases and touches on specific points commonly contained within them such as:

  • Tenant remediation
  • Definition of hazardous materials
  • Continuous operation clauses

You don’t want to miss this special Lawfare edition in which we discuss how to address mold in your commercial lease!

Ep. 168 Jimmy Clark: Lawfare – Protecting Your Property Against Worker’s Comp Claims

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Having work property work done is a common experience for any real estate owner or manager. From cosmetic refurbishments to landscaping and maintenance, you rely on contractors and sub-contractors to help you in addressing your building’s needs.

But what happens if something goes wrong? In the world of construction and skilled trades, accidents do occur. Sometimes these accidents can cause damage to your property and sometimes they can result in injuries to your contracted laborers.

General Liability Insurance and Worker’s Comp Claims

Protecting your property against worker’s comp claims is key to ensuring proper mitigation of investment risk, should an accident resulting in injury occur on your job-site.

In this special, Lawfare edition, we discuss the ins-and-outs of general liability and worker’s comp claims. We talk insuring yourself and your property and what to do if an injury happens on the job.

ada compliance, lease insurance, worker's comp claimsJimmy Clark is the Senior Vice President and Real Estate Practice Group Leader at Harden, one of the southeast’s largest risk management and insurance firms.

This episode, Jimmy offers up essential tips all property owners and managers need to know about about worker’s comp claims. He shares the common insurance pitfalls that you need to make sure are addressed with your vendors and contractors when recruiting project labor.

If you want more information on common insurance and worker’s comp liability as it pertains to your real estate investment, you can contact Jimmy directly at:

jclark@hardeninsight.com or 813-367-5609

Don’t miss this episode on protecting your property against undue worker’s comp claims!

Ep. 167 Rob Gidel: Lawfare – Navigating Exclusive Use Clauses in Your Retail Lease

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For retail landlords and tenants, there are various ways in which mutually beneficial partnerships can be formed in order to maximize returns for both parties. Beyond the standard retail lease, you can incorporate specific terms and conditions as negotiated between you and the tenant.

Exclusive use clauses are one key example of this. Incorporating an exclusive use clause in your retail lease is a great way to ensure long-run returns for both you and the tenant. If you look at successful examples of exclusive use in retail leases like Publix or CVS, the benefits are clear.

But with every give, there is some take.

If you plan on incorporating an exclusive use clause into your retail lease, you need to consider – as always – the cons as well as the pros. If you’re not careful, exclusive use clauses can fall heavily in the tenant’s favor, leaving you with a financial albatross.

1031 exchanges net lease investments; exclusive use clausesFor this edition of Lawfare, we have attorney Rob Gidel join us to talk us through the nuances of exclusive use clauses and how to navigate potential pitfalls in your retail lease.

You’ll remember Rob from past episodes in which we’ve discussed areas ranging from 1031 Exchanges and net lease investments, to building a successful partnership with your real estate attorney.

In this episode, Rob gives us an overview of the potential pros and cons of exclusive use clauses and touches on specific points contained commonly contained within them such as:

  • Clause-specific language
  • Blanket restrictions on competition and use outside of original restriction
  • Continuous operation clauses

You don’t want to miss this special Lawfare edition in which we discuss incorporating exclusive use clauses in your retail lease!

 

Ep. 166 David Childers: Why This Multifamily Investor is Bullish on Pensacola

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Multifamily markets are tightening up. Across Florida’s major markets, investors are having to adopt creative strategies to get a competitive edge on finding deals. The same is true in other multifamily markets throughout the country. Some investors are finding luck stepping outside their comfort zone. By expanding into adjacent markets and sub-markets that show potential, you may be able to tap into an overlooked investment opportunity.

That’s exactly what our guest this week decided to do.

David Childers is a multifamily investor based out of Nashville, TN. Finding a need to expand his investment reach outside of Nashville, David started looking at tertiary markets in which to venture. His search ended up bringing him to Pensacola, FL. David found the location and proximity to his home-base and promising economic strength of Pensacola an ideal climate for his next venture.

You won’t want to miss this episode on the Pensacola multifamily market!

About Our Guest

Pensacola multifamily

David has been involved in real estate investing for the past 15 years. After stumbling into the world of multifamily investing and property management with his first duplex at the age of 25, David has continued to grow his portfolio through a focused strategy to become one of the leading figures in Middle Tennessee’s multifamily market. In addition to actively expanding his portfolio, David is also a licensed real estate broker and Managing Member of Cedar Rock Capital.

Contact David

David is currently looking for accredited investors and brokers to source and partner on C + B/B- multifamily assets in Pensacola and throughout North Florida. If you are interested in working with David or have additional questions about his strategy you can reach him directly at:

dave@ria-inc.com or 615-479-8737

Ep. 165 Cameron Gaskill: A Look at the Jacksonville Single Family Market

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Northeast Florida is one of the state’s strongest real estate markets. With robust investment opportunity across various asset classes and consistent post-recession growth, the northeast region remains popular among investors. The Jacksonville single family market in particular has seen phenomenal growth and promise over the past several years.

Although the single family market has slowed somewhat throughout the state, strong economic drivers and steady population growth continue to foster investment demand. It may require some creativity and a little extra elbow grease in finding deals, Jacksonville remains fertile ground for single family investors.

A Look at the Jacksonville Single Family Real Estate Market

Single Family Market Outlook

  • Strong post-recession upswing
  • Institutional investors changed investment landscape
  • Low single family inventory, tight market
    • Flippers and wholesalers getting more selective

Strong Single Family Markets

  • North Jacksonville / Jacksonville Beach
    • Strong rental markets
    • Buoyed by commercial development
  • Orange Park / Argylle
    • Strong flipping market
    • Good rehab opportunity

About Our Guest

jacksonville single familyWe are excited to have Cameron Gaskill as our featured guest this episode. Cameron is a jack-of-all-trades and an expert on the Jacksonville single family market. A Jacksonville native, Cameron is the President of Suncoast Renovations & Design, Inc.

After purchasing his first home in 2006, Cameron cut his teeth in the single family market, as a licensed contractor and architect, Cameron applied his background in construction to fine-tune his rehab strategy. From fix-and-flips, Cameron ventured into wholesaling and built a name for himself as one of the premier rehab investors in northeast Florida. In addition to actively maintaining his own investment portfolio, Cameron also mentors other single family investors.

Contact Cameron

(904) 900-1162 or camerongaskill.com

You won’t want to miss this Jacksonville single family market outlook!

 

 

 

 

Ep. 164 Brian Alford: Your Multifamily Market Outlook for the I-4 Corridor

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Florida’s I-4 corridor has long been a hot-spot for investors. As a main commercial artery connecting the state’s east and west coasts, the area has served as fertile ground for investors of several asset classes. Now, thanks to explosive job and population growth in several metro areas, the I-4 corridor’s multifamily market has been booming.

I-4 Corridor Multifamily Market Outlook

  • The I-4 corridor’s major metro areas are experiencing intense growth
    • Tampa & Orlando
      • Lakeland, Lake Mary/Sanford (Sub-markets)
    • $1.24-$1.26/sf across all asset classes (30% increase in pre-recession rates)
  • Rental demand outpacing construction and inventory
    • Vacancies compressing
    • Markets primed for B + C-class rental drivers
  • Institutional investor activity increasing

5-Year Forecast

  • Expect to stop start seeing decrease in new home starts
  • Rental demand not likely to drop-off
  • Metro area growth metrics should slow, but due to sustained market demand will maintain an equilibrium state

About Our Guest

multifamily marketThis episode, we are honored to have Brian Alford join us to discuss this multifamily market outlook for the I-4 corridor. As a Market Economist for CoStar, Brian specializes in providing on-the-ground analysis for the Central Florida region, including the I-4 corridor’s major metro areas and sub-markets.

Brian brings with him nearly 15 years of experience as a financial analyst having worked with commercial real estate through a variety of asset classes.

If you are interested in getting a more detailed outlook on the I-4 corridor’s multifamily market, or you have additional questions regarding the Central Florida region, fell free to reach out to Brian directly. Additionally, you can find much of Brian’s published content online or by visiting costar.com.

 

 

Ep. 163 Jacob Gil: What Florida Real Estate Investors Need to Know About Amendment 2

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What do you know about Amendment 2?

Florida voters have a lot of proposed amendments to consider this year. Amendment 2 could have the most wide-ranging – and potentially devastating – impact on the state as it effects renters and business owners alike. If you are a real estate investor, this effects you directly.

Maybe you aren’t fully aware of Amendment 2 or maybe you have heard conflicting information regarding it, but it’s important that you understand exactly what it is and what it means if it fails.

So we want to set the record straight. This episode, we’re talking what exactly this amendment is; it’s history, purpose and impact and we couldn’t have asked for a better guest to help us with that.

About Our Guest

Jacob Gil is the Regional Director of Everybody is for 2, a campaign aimed at spreading awareness as to the impact and purpose of Amendment 2. He is a veritable expert on this amendment and what it means for Florida property owners, landlords and business owners.

If you have more questions about Amendment 2 and its potential impact, you can contact Jacob directly at jacob@everybodyisfor2.com

amendment 2