Ep. 187 Jeff Klotz: Multifamily Investment Real Estate in Jacksonville, FL

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Multifamily Investment Real Estate in Jacksonville, FL

Jeff Klotz talks about multifamily investing in Florida, specifically in Jacksonville and the I-4 Triangle (Tampa, Orlando, and Jacksonville) and also shares his positive outlook on the real estate market given the recent negative yield curve and tariffs. 

He also tells his story of how he got started in real estate in high school, and how he kept growing his business to become CEO of The Klotz Group of Companies, which is the current middle market leader in multifamily real estate investments with a portfolio valued at over $1 billion.

Discussion topics and questions with our guest, Jeff Klotz

[03:14] Introduction of our guest, Jeff Klotz
[04:54] How did you get into the real estate business?
[05:57] When did you start getting interested in multifamily?
[13:25] Tell us about the blind pool real estate funds you launched
[22:20] What are some of the challenges of operating a syndication business?
[27:02] How are you finding your deals?
[29:03] Give us your take on the market from a high level, taking into account the recent inverted yield curve and tariffs
[32:24] How is business going for you in Florida, particular Jacksonville?
[43:08] What bottle necks, if solved, would help your business grow?
[45:58] How can people get in touch with you?
[47:06] Closing remarks by Eric

 

About Our Guest

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Jeff Klotz is a serial entrepreneur, speaker, and multifamily real estate expert.

Jeff started his real estate career in high school purchasing single-family properties. That business quickly grew to 30 homes which led to the acquisition of several supporting industries. Jeff hired 250 employees to service the multifamily sector and became one of the fastest growing businesses of 2000.

Today, Jeff is the CEO of The Klotz Group of Companies, LLC which remains the middle market leader in multifamily real estate investments with more than 1,000 employees as well as significant real estate and investment holdings with a portfolio valued at over $1 billion.

Investor Resources

You can contact Jeff Klotz via the following ways:
Websitetheklotzcompanies.com
Email: jklotz@theklotzcompanies.com

Ep. 186 Nahir Solis: Real Estate Mortgage Note Investing

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Real Estate Mortgage Note Investing

Did you know that over 50% of mortgages in the USA are owned by individuals and not banks? Nahir Solis does just that. She started a family operated investment firm that buys real estate mortgage notes at a discount of the current balance due, and then works with investors who are looking to purchase mortgage notes already vetted with due diligence and clear for investing.

If you have a self-directed IRA or 401k and have some money sitting around, notes are a good match for this type of investing since you’re not paying taxes on the interest. So it works well for an IRA/401k or other types of protected retirement plans. The returns are good and the downside is protected if you do it right.

Join us as Nahir shares her story of how she got started in real estate mortgage note investing, and how her investment firm is helping other investors looking for solid note investments that yield a higher than average return.

Discussion topics and questions with our guest, Nahir Solis

[04:35] Introduction of our guest, Nahir Solis
[05:24] How and why did you get into notes?
[09:48] Tell us about the first note you bought
[13:52] How are you able to purchase notes at a discounted rate?
[15:01] How do you find these notes?
[17:37] What types of rate of return are you looking for on notes?
[20:16] What are some of the sources you use to find deals?
[26:21] When you look at a note, do you get the opportunity to understand the value of the underlying asset?
[37:56] What is your business model?
[42:41] Closing remarks by Eric and Steven

 

About Our Guest

Nahir_Solis_Picture

Nahir Solis is the managing director of MJS Notes Financial, LLC, an investment firm specializing in real estate notes. MJS Notes Financial, LLC manages vetted note investments located in Florida and nationwide for individuals looking for steady returns, making it easy for anyone to invest in notes.

Originally from Puerto Rico, she grew up in Orlando, and is now relocated to Tampa with her husband Matthew and 3 adopted children.

Investor Resources

You can contact Nahir Soles via the following ways:
Website: tampanoteinvestors.com
Phone: 813-252-0917
Email: nsolis@tampanoteinvestors.com

Ep. 185 Neal Bawa: Global Negative Bond Yields & How This May Affect U.S. Real Estate

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Global negative bond yields – the current state of the bizarre global economy

Neal Bawa discusses his analysis of the current global economy including Bloomberg’s recent report that $17 trillion worth of world-wide bonds have now gone negative — which means the bonds’ yield has fallen below zero. Having $17 trillion dollars of negative yielding debt has never happened in the history of the world before. So how will this affect the real estate market? Is a recession imminent? 

You won’t want to miss the insightful analysis Neal provides, and his advice for real estate investors.

“Today…the [economic] stuff that is happening on a world-wide basis is so ridiculously bizarre, that I can’t imagine anything like this happening.” – Neal Bawa

Discussion topics and questions with our guest, Neal Bawa

[05:15] Introduction of our guest, Neal Bawa
[07:32] Neal’s high-level analysis of what’s going on in the global economy
[10:23] Why would someone buy a negative yield bond?
[13:39[ How will the global negative bond yield affect us?
[17:10] What is Neal seeing as far as foreign investors that are coming into the U.S. market?
[19:48] Do you feel like we’re in a bubble?
[22:07] What’s the possibility of a recession, and how would it happen?
[25:22] How do we combat a recession like we’ve done in the past?
[31:12] Does the Fed have to continue to lower interest rates?
[35:52] How are you advising investors about this pending crisis?
[37:00] How does China fit into this equation with the trade war and the devaluing of their currency – and that they are the largest holder of U.S. debt?
[46:35] How can listeners contact Neal?
[48:44] Closing remarks by Eric and Steven

About Our Guest

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Neal is affectionately known as the “mad scientist” of multi-family, and he is a technologist and entrepreneur. He is also the CEO and founder of GrowCapitus.com, a commerical real estate investment service. 

Neal acquires commercial properties all over the U.S. His currently portfolio is over 2,000 units and over $180M dollars worth with projections over the next 12 months of over 3,000 units. He is also active in student housing, and he is in 9 different states.

Neal also serves as CEO of MultiFamily University, an apartment investing education company.

Neal is a top rated speaker for conferences and events throughout the country. Nearly 5,000 students attend his multifamily seminar series each year. Neal’s management techniques and revenue optimization techniques for multi-family are considered unique in the industry. 

Investor Resources

You can contact Neal Bawa through his website at multifamilyu.com

Ep. 184 Greg Bond: The Orlando Real Estate Market

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The Orlando Real Estate Market

GregBondPictureIn this week’s episode, we talk with Greg Bond about his take on the Orlando market as well as what he’s got going on with his property management business. Greg is still finding great deals by using basic common sense and some good marketing strategies.

Some of his strategies include: 

  • Diversifying his portfolio
  • Leveraging IRAs
  • Going to outlying areas to get better margins
  • Renting to retirees

 

Discussion topics with our guest, Greg Bond

[05:00] Overview of how Greg got started in real estate
[09:37] Is Greg still rehabbing and selling or is he building a portfolio?
[10:29] What is Greg’s rule of thumb for finding good deals?
[11:47] What is the price level of the houses Greg is going after?
[12:21] Does Greg also purchase condos? Or just single family homes?
[13:20] What does Greg see going on in the Orlando market right now?
[13:47] How is Greg finding his properties?
[15:33] Greg’s positive take on self-directed IRAs as a good vehicle for investors
[19:28] What other assets has Greg diversified into (besides single family home)?
[24:36] What are some of the bogies and data points Greg looks for in Assisted Living Facilities (ALFs)?
[26:13] Does Greg manage his self-storage properties, or does he use existing managers?
[29:40] Eric and Steve’s summary and closing remarks

 

About Our Guest

GregBondPictureGreg is a successful business owner who owns The Property Manager Guys, LLC and is one of the founders of Greater Orlando Home Buyers, LLC.  He is also an experienced investor who has been active in single family homes, self-storage, and assisted living – and he has real estate holdings in several states and countries.

Investor Resources

Emailgregbond@thepropertymanagerguys.com
Phone: 407-252-9658

Ep. 183 John Wilson: Personal Journey into Multifamily Real Estate

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Personal Journey into Multifamily Real Estate

John Wilson worked in the corporate world for about 20 years before deciding to quite his corporate job and get into multifamily real estate full time. John shares his journey starting from his first multifamily real estate investment to the lessons learned from investing in a 17 unit apartment to what he is investing in now. He also shares advice to others who are looking into taking those first steps into the multifamily market. 

 

Podcast Outline 

[04:51] About our guest: John Wilson
[06:46] How did John get started in real estate and what was his first property?
[15:57] Discussion of the Ratio Utility Based System (RUBS) to distribute tenant costs for apartment utilities
[19:46] Advantages of replacing rent checks / money orders with online payment system
[30:02] Dealing with maintenance issues on a 17 unit apartment complex
[35:13] Discussion of cap rates
[41:18] How does John classify the apartment market in Fort Meyers relative to Tampa and St. Petersburg?
[43:49] What advice would John give himself back in 2009 when he first started?
[49:25] Concluding remarks by Eric and Steven

 

About Our Guest

John Wilson is CEO of the Florida Property Group. He owns income properties — primarily multi-family and commercial and is also getting into lending for house flippers. Before John started investing in real estate, he had a long corporate career with Fortune 100 companies and was a VP of sales of a publishing company.

Investor Resources

Contact John Wilson
Phone: 941-545-0360

 

Ep. 182 Joe Turney: Self-Taught Lessons for a Single Family Home Portfolio

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Lessons for a Single Family Home Portfolio

Joe Turney had worked for 20 years in computer software which gave him a great income, but very little retirement and wealth. Between 2005-2010 he had several close people pass away including his dad, and it was then he started realizing he was trading his life for dollars. He decided he wasn’t going to do that anymore and he wanted out of the corporate rat race, the commuting, and the alarm clocks. 

Joe wanted a lifestyle with more freedom. He asked several people with that lifestyle what they did and they all said “real estate.” He decided to go into real estate and taught himself the ropes by reading, taking online courses, and just doing.

Joe’s advice is to just get out, take action, and be willing to make mistakes. Join us for this podcast as Joe takes us on his personal journey of his life-style changing path into real estate.

 

Podcast Outline

[04:51] About our guest: Joe Turney
[05:12] Overview of how Joe got started in real estate (from computer software to real estate)
[09:11] Joe’s strategy for building his rental portfolio
[10:04] Joe’s advice to new investors
[15:37] Is Joe’s focus only on single family homes or also condos?
[17:11] Financing: how does Joe blend debt with partnerships?
[21:42] How does Joe feel about the market going forward?
[23:42] How can people contact Joe?
[25:23] Eric and Steve’s summary and closing remarks

 

About Our Guest

Joe Turney had worked for 20 years in computer software. After questioning his current career and lifestyle, he retired from computer software about 6 years ago to become a successful full-time real estate investor.  

Investor Resources

You can contact Joe Turney via the following:
Email: joe@joeturney.com

Ep. 181 Rob Walton: Adverse Possession and Unlawful Detainer

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Adverse Possession and Unlawful Detainer

RobWaltonImageJoin us as Rob Walton delves into some quirky parts of Florida law (Adverse Possession and Unlawful Detainer) that could really have an adverse impact on your real estate ownership and real estate investing. Eric shares his own personal story of how he learned about unlawful detainer when he found somebody squatting in his house. In this case, Eric worked with Rob Walton who worked to quickly get the squatter out.

Others are not so lucky. And still others find themselves in an adverse possession situation in which another person who has trespassed on their property ends up occupying it and gaining legal ownership of the property (also known as legally stealing the property).

Rob Walton can help with these types of cases as well as with Florida land trust planning, landlord/tenet eviction type cases, and he can help with litigation if needed. 


Podcast Outline

[02:40] About our guest: Rob Walton
[04:28] Unlawful Detainer Scenario (Eric shares his personal story)
[12:48] Adverse Possession Scenario (legal stealing)
[23:01] How Rob can help you
[24:30] Eric’s Summary & Conclusion

 

About Our Guest

Rob Walton is a trust and a state attorney in Tampa, FL. He was born in the Florida Panhandle, grew up in Fairhope, Alabama. He graduated from Stetson University College of Law where he earned his Juris Doctorate degree. He earned his Master of Laws in Taxation from the University of Alabama School of Law. 
Rob is active with the Hillsborough County Bar Association, and regularly provides pro bono legal services to those in need. He currently practices law in Tampa, Fl.

 

Investor Resources

You can contact Rob Walton via the following:
Websitehttps://www.lawwalton.com
Phone:  Call Rob Walton directly: 813-434-1960

Ep. 180 Deven Richter: Free Commercial Real Estate Listing Service

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A Free Solution to Commercial Real Estate Listing

Deven Richter identified a problem in marketing commercial real estate and set about to solve it. Sometimes there is a price barrier that is just a little bit too high for people to get involved in commercial real estate. He created a website (myelistings.com) that allows everyone to list and find commercial properties for FREE. To be specific, currently only commercial firms and agents can list commercial properties, but it is open to the public to search and view listings.

Another great feature with this commercial real estate listing service is that commercial firms and agents can distribute their listings nationwide. For example, if you’re an agent in Austin, TX, but you do a lot of business in Florida, you’ll be able to market listings in Florida on the myelistings.com website.

Join us for this episode as we explore this free solution to listing commercial real estate.

 

Podcast Outline

[05:15] About our guest: Deven Richter
[07:31] A solution for listing commercial real estate for free
[13:24] How is Deven able to offer this listing service for free?
[16:51] Closing comments by Eric and Steve

 

About Our Guest

DevenRichterImageDeven Richter is from Austin, TX where he is an independent real estate agent and also a principal in the purchase of income and general commercial properties. He’s been involved in commercial real estate for the last 20 years.

 

Investor Resources

You can contact Deven Richter via the following:

Website: myelistings.com
Email: deven@myelistings.com
Phone: call Deven directly: 512-844-2495

Ep. 179 Frank Coto III: Lending Market Update

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Lending Market Update

In the last 4-5 years, there has been an increase in more aggressive loan programs for investors such as no income / no verification loans, rehab loans, and stated income loans. Frank Coto III shares his view of the current lending market and deep dives into the various types of loan programs that can help investors based on their situation.

Some of the loan types Frank discusses are:

  • Conventional loans
  • NINE program (No Income No Employment)
  • Commercial loans
  • Private money

For those investors looking to choose and secure the right type of loan for their property, Frank is a valuable resource who can work with you to review all the variables and get you a loan best suited for your situation.

 

Podcast Outline

[07:15] Difference between a wholesale mortgage broker vs a bank
[08:12] Frank’s current view of the market / trends / rates
[10:05] How does an investor go about finding the best loan for his/her property?[12:21] Conventional Loan discussion (lowest rates, lowest cost for the longest terms)
[16:07] Private Money
[17:10] NINE Program (No Income No Employment)
[19:33] Commercial Loans
[21:32] No Document Loan (bad credit, no provable income, property not in good shape)

About Our Guest

Frank Coto III is the president of the Lincoln Lending Group which was started in 2003 by a group of real estate professionals and investors to compete directly with larger banks in mortgages.

Frank’s claim to fame is “no loan is too small or difficult to handle.”  His connections in the mortgage and finance and business community have led to unsurpassed knowledge of the industry and area.

Investor Resources

For those investors looking to choose and secure the right type of loan for their property, Frank is a valuable resource who can work with you to review all the variables and get you a loan best suited for your situation. Contact Frank for more information.

  • 813mortgage.com
  • Call Frank’s office at 813-319-LEND (ask for Frank or Beverly)

Ep. 178 Richard Wilson: Family Office Market Update

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The Family Office Market Update

RichardWilsonPhotoRichard Wilson joins us for this week’s podcast to discuss his insights and updates on the family office market. He also addresses how the family office applies to the real estate sandbox, and how real estate syndicators / sponsors can best approach investors.

The family office is a wealth management solution for those that are ultra-wealthy. The wealthier you are, the more a 1% or 3% mistake — selling assets at the wrong time, tax mistakes, regulatory fines, paying too much in fees, etc. — can add up to a lot of money. That’s why many wealthy individuals/families are willing to pay a full-time team to help prevent those types of mistakes and reduce chaos and stress as well as to help them more effectively use their time.

 

SHOW NOTES TIMELINE

[01:13] Opening remarks by Eric Odum and Steven Silverman
[04:33]: Introduction to Richard Wilson
[05:14] What is a family office?
[08:16] Have there been any significant changes in the family office?
[10:22] What kind of deals are your family offices working on?
[12:23] How does family office apply to the real estate sandbox?
[14:56] What kinds of deals would a syndicator have a crack at doing?
[20:30] How can real estate syndicators best approach investors?
[27:11] How do you make yourself look credible when meeting with investors?
[33:26] How can PitchDecks.com help a syndicator put a deal together?
[42:33] How can people learn more about the services / events Richard offers?

 

About Our Guest

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Richard Wilson is CEO of the Family Office Club which is a private club with 1,750 registered investors, around 900 monthly subscribers, and hosts 25 live events a year.

Richard has written the #1 best selling book on family offices and capital raising, and he advises $100M+ net worth clients through his CentiMillionaire Advisors, LLC firm.
 

Richard is a returning guest from 3 years ago on episode 76.

 

Investor Resources

  • A free, best-selling 80-page book by Richard on how to raise capital can be found at capitalraising.com (you can also purchase this on Amazon).
  • Another book written by Richard, The Headaches of $100M+ Families, can be found at  http://centimillionaires.com
  • Anyone new to the family office space or who is interested to see what events we Richard has scheduled or how charter membership works / family office club works, or to download a free book on Family Offices, can go to familyoffices.com