Category Archives: Podcast

Real Estate Investing in Florida Podcast

Ep. 240 Martin Saenz: Investing in the Secondary Mortgage Market

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Investing in the Secondary Mortgage Market

Martin Saenz runs a fund that invests in distressed mortgages.  He discusses the state of the mortgage market, returns and how he creates win-win deals for investors and homeowners.

Key Discussion Points

[01:04] Opening remarks by Eric Odum & Steven Silverman
[05:04] About our guest: Martin Saenz
[05:57] How did you get started in real estate?
[08:10] What motivated you to move from Washington D.C. to Sarasota, FL?
[09:12] What’s your view of the Florida market for the brief time you’ve been in Sarasota, FL?
[10:38] How did you migrate from real estate investing into working with Notes & getting returns for investors?
[11:40] What types of mortgages are you pursuing?
[13:42] Are your funds leveraged? Or are they 100% equity?
[14:05] What type of yield do investors get from their notes?
[14:40] How are you finding these deals?
[16:52] How would you recommend people setup their own Note business if they want to do this themselves?
[18:26] What are the names of your 3 books?
[19:26] Have you considered commercial loans? Or are you just staying with residential?
[20:41] How do you handle compliance? Outsource? Internal?
[21:51] What’s your perspective on the debt market? Are there any signs of weakness?
[23:49] Are you concerned with the recent amount of compression on the returns?
[26:11] On the mortgage side in Florida, do you see anything positive, negative, or interesting factoids?
[27:22] What’s on the horizon as Florida deals with tight inventory?
[29:07] How can investors learn more about your fund and possibly invest in it?
[30:44] How can folks reach you?
[31:17] Closing comments by Eric & Steven

 

About our Guest

Martin_SaenzMartin Saenz is a managing partner at Bequest Funds. Martin has written 3 books on the mortgage industry. He co-founded Bequest Funds with the dual purpose of helping investors grow their wealth, and helping mortgage borrowers stay in their homes. Martin is a seasoned real estate investor with over 15 years of experience.

GUEST CONTACT INFO

Ep. 239 Chris Coleman: Big Flood Insurance Changes

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Big Flood Insurance Changes

Chris Coleman comes back on the show to explain the significant changes in flood insurance policies from FEMA.

Key Discussion Points

[01:07] Opening remarks by Eric Odum & Steven Silverman
[04:33] About our guest: Chris Coleman
[06:32] Give us an overview of the changes occuring right now with flood insurance
[09:55] Is it fair to say those that don’t have flood risk are subsidizing those that do have flood risk?
[10:49] What are you seeing in terms of flood insurance rate increases?
[13:05] So people who’s flood policy will expire Jan 2022 are being notified of new flood policy – how is that working?
[13:58] What about the companies that can help you revaluate your flood zone?
[17:38] If the FEMA flood map showed an investor’s property’s base flood from 9 to 10, would you be able to tell the price increase?
[18:32] Would you encourage people who are not in a flood plain to still get an elevation certificate?
[19:35] Do you think climate change is affecting insurance and properties (other than flooding)?
[20:44] How can folks reach you?
[21:53] Closing comments by Eric & Steven

 

About our Guest

 coleman-insurance-img1

Chris Coleman and his brother Dave are founders of Coleman Insurance Agency based in Pinellas County, Florida. Chris is a returning guest who last was on the show in episode 8.

GUEST CONTACT INFO

Name: Chris Coleman
Phone: 727-441-9911

Ep. 238 Lauren Hardy: Getting Creative in Tight Markets with Virtual Wholesaling

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Getting Creative in Tight Markets with Virtual Wholesaling

Lauren is in California and her market is very similar to many markets in Florida, very tight and deals tough to come by. She figures out ways to carve out revenue by wholesaling virtually. Find out how!

Key Discussion Points
[01:06] Opening remarks by Eric Odum
[03:12] About our guest: Lauren Hardy
[04:04] How and why did you get into real estate investing?
[07:08] What exactly is real estate wholesaling?
[09:01] How can a virtual real estate investment model benefit investors in Florida?
[12:08] How do you find “hot” zones in Florida with deals being more difficult to find?
[16:46] How do you find assignees for your deals?
[18:52] What are some things do you look for when seeking out new markets?
[26:07] How can folks contact you?
[26:30] Do you have any last words of wisdom for us?
[27:52] Closing comments by Eric

 

About our Guest

Lauren-Hardy-headshot-Custom-1024x1024

Lauren Hardy is a real estate investor with a “People First” approach to business. Investing in hundreds of properties in her career, including developing spec houses in Nashville Tennessee, Lauren has the unique reputation of being a successful “virtual investor” having not lived in many of the states she’s invested in.

CONTACT INFO

Instagram: @ thismomflips
Website: laurenhardyco.com

Ep. 237 Scott Maurer: Proposed Bill in DC Might Affect Real Estate Investments in Your Self Directed IRA

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Proposed Bill in DC Might Affect Real Estate Investments in Your Self Directed IRA

In This episode, Scott Maurer from Advanta IRA discusses proposed changes to self directed IRA’s in the new infrastructure bill. Find out if this has any affect on you!

Key Discussion Points
[01:06] Opening remarks by Eric Odum & Steven Silverman
[04:32] About our guest: Scott Maurer
[05:21 Tell us how proposed $3.5T infastructure companion bill will prohibit self-directed IRAs / 401k accounts from investing in private placements
[10:30] How will the proposed $3.5T companion provision affect small syndicators to fund their deals?
[12:33] So investors might be mandated to divest within a certain period of time, it’s a recipe to lose money
[15:51] Do you think the $3.5T package will pass the House & Senate?
[18:16] Congress needs to listen to their consituents – make your voice heard!
[21:42] How can folks contact you?
[22:02] Closing comments by Eric & Steven

 

About our Guest

MaurerScott

Scott Maurer is an attorney and a graduate of the University of Florida Law School. Scott started his career with Advanta IRA in 2006, and is the director of business development at Advanta IRA. He is a returning guest to our podcast, and also has also attended our workshops and given lectures advising people on how to invest in real estate.

CONTACT INFO

Phone: 727-581-9853 x1123

Ep. 236 Lindsay Davis: Alabama Real Estate Investing

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Alabama Real Estate Investing

It can be difficult to get a decent rate of return in the current Florida market, and more and more investors are looking outside Florida to find deals in other states. Today we talk with Lindsay Davis, CEO of Spartan Invest”, about real estate investment opportunities in Alabama. Lindsay’s investment services allow investors who live outside Alabama to purchase single family homes in Alabama, get the benefit of the low property taxes, and get a great overall rate of return on their investment.

We also discuss the dramatic rise in construction costs over the last year, how it is affecting the building of new homes, and when this might stabilize and return to “normal”.

Key Discussion Points
[01:06] Opening remarks by Eric Odum & Steven Silverman
[06:23]] About our guest: Lindsay Davis
[08:16] Tell us about your “one stop shop” real estate investment services catering to out of state investors
[09:44] What rate of return are you achieving in Alabama?
[12:13] What’s are you seeing going on in the construction market?
[15:12] Why are construction costs so high right now?
[18:21] Talk about the hesitancy of homebuilders to build new homes
[19:41] Where is the demand coming from in Alabama?
[21:55] Where do your investors come from?
[22:57] How is the real estate appreciation in Alabama?
[24:44] What opportunities do you see going forward? What do you see happening with construction pricing?
[26:33] How can folks contact you?
[27:17] Closing comments by Eric & Steven

 

About our Guest

Lindsay_Davis Lindsay Davis serves as the CEO for Spartan Invest, Atlas Rental Property, and Corinth Construction. Spartan Invest has ranked on the Inc 5000’s fastest growing companies in the country for the past 8 years since 2014. Lindsay has been recognized by the Birmingham Business Journal as one of the decades Top 40 under 40. She has also received numerous awards for women in business.

CONTACT INFO

You can click on the “contact us” link and fill out the form, and someone will get in touch with you.

Ep. 235 Sam Bates: Multifamily Syndication

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Multifamily Syndication

On today’s podcast we talk with Sam Bates (CEO of Bates Capital Group) about his success in multifamily syndication. Sam left Corporate America and started his real estate journey in 2009. He walks us through how he first got into real estate, and the path and strategies he employed to get to where he is today. He also gives advice to investors interested in multifamily syndication.

Sam’s mission is to help busy professionals like himself gain their freedom back through investing in high-quality real estate investments.

Key Discussion Points
[00:59] Opening remarks by Eric Odum & Steven Silverman
[03:48] About our guest: Sam Bates
[05:27] How did you get into commercial / multifamily real estate?
[08:51] What was your first deal?
[10:22] Tell us about the structure of your deals
[12:51] How do you manage the back-end of the syndication? Use another company? A software tool?
[14:11] How do you deal with investors who want out of a syndication deal?
[15:08] Tell us about how you’ve expanded your geographic reach
[17:26] What attracted you to purchase a property in Sanford, FL? And what other areas in FL interest you?
[20:17] How do you find your deals? Broker relationships? Send out letters?
[21:42] How do you get the best value when selling a property? Go through brokerage?
[22:56] How do you find your investors?
[26:13] What do you look for in a deal?
[28:51] How can folks reach you?
[29:21] Any last words of advice for Florida real estate investors?
[43:20] Closing comments by Eric & Steven

 

About our Guest

Sam_BatesSam Bates is the founder and CEO of Bates Capital Group and co-founder and managing partner of Trinity Capital Group. Sam started his real estate journey in 2009 and has been directly involved in the acquisition, reposition, disposition, and asset management of over $100,000,000 in AUM. His portfolio currently has 749 units in Texas, Mississippi, and Georgia. Sam and his partners have roughly another 250 units in the pipeline to be developed.Sam has a Bachelor of Science degree from Texas A&M University in Finance, an MS in Personal Financial Planning, and an MBA from Texas Tech University. Sam is an avid sports fan, skier, and loves to the reader.

 

CONTACT INFO

Most social media platforms

Ep. 234 Ken Avalos: Alternate Lending for Multifamily Investors

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Alternate Lending for Multifamily Investors

Today we talk with Ken Avalos, VP of Electra Capital, about alternative lending with a focus on multifamily financing solutions. Alternative lending is a great option when traditional lenders are unable to meet an investor’s needs. The benefit of an alternate loan is more leverage (which means you put in less capital), speed, and the flexibility and creativity to work around odd structures and difficult issues. Depending on your situation, this can potentially allow you a greater rate of return.

Most investors use traditional lenders like Fannie and Freddie, or use a traditional community bank – all of which typically offers low cost and long term fixed rate financing. However, these traditional lenders will usually at best give you 65%-70% leverage, and their underwriting criteria is fairly strict. And in today’s world of 3%-5% cap rates, it’s hard to generate a decent internal rate of return.

Key Discussion Points

[00:57] Opening remarks by Eric Odum & Steven Silverman
[03:31] About our guest: Ken Avalos
[04:56] How did you get into real estate and finance?
[09:35] Do you think the Florida market is overheated?
[14:50] Are you monitoring the rent to household income, and what are you seeing?
[17:13] Explain about your alternative financing services
[26:14] Does the bridge loan convert into a permant loan at the end of 3 years?
[27:44] What deal size is attractive for your loan service?
[28:42] Do you mainly loan to multifamily? Or do you also look at other asset classes?
[30:03] Tell us about Mezzanine Debt vs. Preferred Equity as it relates to your product
[42:09] How can folks reach you?
[43:20] Closing comments by Eric & Steven

About our Guest

 Ken-WEB

Ken Avalos is the VP of underwriting and analysis at Electra Capital. He is a graduate of Boston college, and has an M.B.A. from the Stern School of business.

 

 

 

CONTACT INFO

website: electracapital.com
email: ken@electracapital.com

Ep. 233 Vehano Joseph: Multifamily Investing

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Multifamily Investing

The multifamily market is hot everywhere, but especially in Florida, and it can be difficult to find good deals with the current cap rate situation and fierce competition. Today we talk with Vehano Joseph about his strategies to finding good multifamily deals in Florida.

Key Discussion Points

[00:58] Opening remarks by Eric Odum & Steven Silverman
[03:38] About our guest: Vehano Joseph
[05:40] What’s your background and how did you get into real estate?
[10:26] What do you look for in acquiring a property?
[12:46] What parts of Florida do you like and dislike for real estate?
[17:14] What cap rates are you seeing that enable you to acquire properties?
[19:24] Tell us about your syndication deals, and any tips you can provide
[21:08] Where do you investors come from? Mostly U.S.?
[22:06] Do you farm out your property management?
[23:44] Moving forward, is your strategy to go into more of the urban tupe environments?
[25:08] Do you investors invest in the portfolio or in individual assets?
[26:15] Are you utilizing brokers?
[28:20] How do you get brokers to pay attention to you?
[33:26] How can folks reach you?
[35:05] Closing comments by Eric & Steven

About our Guest

Vehano

Vehano Joseph is the Chief Executive Officer and Co-founder of Dreamstone Investments, a rapidly growing multifamily investment firm with bases in Atlanta and Tampa.

Vehano and his team specialize in adding value to properties by putting “the Dreamstone touch” on unit interiors and exteriors, adding functional and aesthetic features that ensure value for investors while also creating appealing, affordable, family-friendly spaces that attract and retain residents over time. Under his leadership, Dreamstone has moved from emerging to an established player in the multifamily space.

 

CONTACT INFO

Also check out FB, LinkedIn, and Instagram

Ep. 232 Al Nicoletti: Probate Real Estate Investing

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Probate Real Estate Investing

Most real estate investors look for conventional opportunities, but there are some great deals to be had within the world of probate. Today we talk with Al Nicoletti, Attorney and probate specialist, about the ins and outs of probate and how it can be advantageous for real estate investors.

If there is no appointed heir when the owner passes away, the property is turned over to the courts and then appointed to the closest relative as the executor to sell the property. Often times the executor is willing to sell the real estate at a discount so they don’t have to deal with it.

Eric Odum, the co-host of this show, has stated that almost all of the properties he’s bought have  been in probate.

Key Discussion Points

[00:55] Opening remarks by Eric Odum & Steven Silverman
[03:25] About our guest: Al Nicoletti
[04:37] How did you get into the probate business?
[10:31] What is probate? And what do you do that’s different?
[17:15] How are investors able to find these probate properties at a discount?
[22:35] How does your probate service help real estate investors?
[23:35] So you do probates in all counties within Florida?
[26:00] How do you structure your probate fees?
[29:22] How can folks contact you?
[30:29] Do you have any other great ideas for folks working the probate business
[33:53] Closing comments by Eric & Steven

About our Guest

Al_Nicoletti_600pxiAl Nicoletti is an attorney in Florida with offices in Jacksonville. With a focus on probate, Al has created a very unique niche working in the probate real estate market. He has created streamlined strategies to help solve even the most complex probate issues.
Al is active on Facebook, has a YouTube channel (Al Nicoletti), and has a podcast show called The Al Nicoletti Show.

 

CONTACT INFO

Phone: 904-999-0053

Ep. 231 Michael Brady: Biden’s Proposal to Eliminate 1031 Exchanges & It’s Impact on Real Estate

Posted on by
Reply

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

Biden’s Proposal to Eliminate 1031 Exchanges & It’s Impact on Real Estate

Today we discuss 1031 exchanges with Michael Brady, and the Biden Administration’s proposal to possibly eliminate them, as well as the potential impact this will have (and is having) on real estate. As an overview, a 1031 exchange allows you to sell one investment or business property and buy another without incurring capital gains taxes. It also has a multiplier affect in that 1031 exchanges help to generate revenue, jobs, and economic development. So why is the current White House administration proposing to possibly eliminate 1031 exchanges when cutting it would barely put a dent in the deficit? Is this really a good idea?

 

Key Discussion Points

[01:06] Opening remarks by Eric Odum & Steven Silverman
[03:32] About our guest: Michael Brady
[05:14] What is a 1031 Exchange and why is it important?
[07:09[ How have 1031 Exchanges and captial gains changed over the last 30 years?
[10:19] Discuss the thinking of Congress to cut 1031 Exchanges to help lower the defiicit
[12:52] If 1031 Exchanges get cut, how will that affect real estate transactions and prices?
[16:43] If 1031s get cut, when might this happen? And might it be retroactive?
[20:20] How can folks contact you?
[21:32] Closing comments by Eric & Steven

About our Guest

MichaelBrady_500px

Michael Brady is the Executive Vice President for Madison 1031 Exchange. He is a certified exchange specialist and attorney, and his responsibilities include consulting with clients and their advisors on 1031 exchanges, as well as giving seminars to other attorneys, accountants, and real estate professionals, and publishing articles on tax and legal issues. Michael has over 20 years of experience in representing clients in real estate transactions.

 

CONTACT INFO

Email: mbrady@madison1031.com