Tag Archives: real estate investing

Ep. 146 Jenna Diermann & Lucas LeBlanc: Two Real Estate Investors’ Journey from Vacation Rentals to Multifamily

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Sometimes, embarking on the journey to becoming a real estate investor isn’t just a mental one – it can be a physical one too! It takes focus and vision to realize your real estate investing goals and that can mean stepping out of your comfort zone. That’s what our two guests this episode are doing and it’s paying off.

Lucas LeBlanc and Jenna Diermann began on their investment path when they started looking at ways to ensure financial freedom. With a goal to build a passive income portfolio consisting of both short and long term rental properties, Jenna and Lucas found that their home state of California didn’t afford them the opportunity to fully realize their real estate goals, so they landed on the Florida market, relocating to Tampa.

Jenna and Lucas have started DreamStone Homes with hopes to build a portfolio of vacation and multifamily rentals throughout the Tampa Bay area.

What makes these two so interesting is their drive and creativity. Since moving to Tampa earlier this year, the two have already started work on a single family renovation and are currently under contract for a mulltifamily property. By finding a unique niche, they have been able to focus their investment goals to actionable results. Jenna is a well-known DIY designer and decorator who’s work has been featured on several home and living platforms. By applying her special brand to their properties, they are able to find investments that work for them.

Listen to their investment journey!

Contact Lucas and Jenna:

Ep. 145 Rod Khleif: Putting Your Multifamily Investing Goals into Perspective!

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multifamily investing

Photo: Gregory Radford

The new year is a time for new resolutions. For real estate investors, that means setting investment goals. Like many New Year’s resolutions though, sometimes it can be hard to put investment goals into practice. If you’re a single family investor looking to make the transition to multifamily investing, the leap can seem like a big one. However, setting practical investment goals can help you organize and plan your strategy as you make the transition.

That’s why we’re so excited to have this week’s guest back on the show! In this special live event, Rod Khleif joins us for an inspirational multifamily investing discussion and Q&A session.

For a talk on putting your multifamily investing goals into perspective, we wouldn’t want anyone other than Rod. His wealth of experience as a multifamily investor and his enthusiasm for sharing that experience makes for an inspirational and motivational event; perfect for putting your investment goals into perspective.

This episode Rod discusses his real estate journey and how, by forming practical investment goals, he was able to focus his multifamily investing strategy.

About Rod

Investor, author and real estate investing mentor, Rod Khleif, believes in the power of actionable investment goals. Setting goals for himself not only inspired him to become a successful real estate investor, they also empowered him to forge his path with a focused strategy. Since then, he has devoted much of his time to helping others realize their investment dreams.

For more from Rod, visit:

 

Ep. 144 Joseph Gozlan: Scaling Your Multifamily Investments Through Secondary Markets

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multifamily investmentsMultifamily investing is often the next step for real estate investors – typically those with single-family experience – looking to scale their investing and increase earnings through investment real estate. However, current market levels in major MSAs throughout the country are causing many multifamily investors to wonder how to continue adopting sustainable growth strategies.

While many multifamily markets may be reaching dizzying heights, you shouldn’t let that deter you. For the investor willing to put in the work, opportunity awaits. A little creativity and diligence can go a long way if you are looking to scale your multifamily investments. Just ask our guest this week.

Joseph Gozlan moved from Israel to Texas in 2007, quickly realizing the single-family investment potential available at that time. From there, he asked himself how to continue scale his real estate operations, finding multifamily investments to be the desirable vehicle.

Founding Eureka Business Group, Joseph has continued to scale and his multifamily investments, applying creative strategies in secondary and tertiary markets to find sustainable growth.

Scaling Your Multifamily Investments Through Secondary Markets

  • Why Multifamily?
    • Major MSAs nearing top of market
    • Huge generational shift from buying to renting
      • Baby-boomers
      • Millenials
  • Looking at Secondary Markets
    • Who are the major employers?
    • What are the major economic drivers? What are the risks?
    • What is the historical performance of the market?
  • Finding the Right Property
    • Focus on sustained returns
      • A-class multifamily may be hot, but B+C properties can fare better in market downturns
    • Think locally
      • Boots-on-the-ground market knowledge is key
      • Work with boutique brokerage firms
      • Build a trusted team on the ground
    • Off-market properties
      • Form local relationships in your desired market

Contact Joseph

Joseph is always looking to form relationships with brokers, property owners and sellers. If you’ve got a multifamily deal or have a question for Joseph, you can reach him be following the link below:

 

Ep. 143 Kris Chana: Multifamily Investing with a Twist – The Untapped Potential of Assisted Living Facilities

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assisted living facilitiesWhat do you think of when you hear the term “assisted living facility”? Most of you are probably picturing nursing homes, with orderlies and nurses and fully-equipped medical wards… probably something that most real estate investors would consider too much to take on.

However, assisted living facilities and senior care complexes tend to get a bad rap, especially considering the incredible investment potential they hold. Instead of thinking about assisted living facilities as old-folks’ homes or nursing homes, investors should look at these facilities as what they really are: multifamily investment opportunities.

Kris Chana is a an assisted living facility investor who brings a unique look at how multifamily investing strategies can be applied to this often over-looked asset class. Kris, along with his wife, Chelsea Chana, are the owners and operators of Chelsea Place Senior Care in Charlotte County, FL, Kris understands the potential for returns on senior care facilities. In addition to a full-time assisted living facility, Kris and Chelsea also own and operate a senior daycare facility. They are pioneers in applying traditional, multifamily investing concepts to senior living and this episode, Kris will be sharing their story along with tips on how investors can get involved in this unique and largely untapped asset class.

Find out about the untapped investment potential for Assisted Living Facilities!

  • Not just an asset class for institutional investors
    • Roughly 70% of ALFs are individually owned and operated
  • Not nursing homes
    • Does not require major medical component
    • ALFs are largely private-pay
    • More hospitality-driven than medically-driven
  • Multifamily… with additional services
  • Large demand for assisted living facilities through incoming baby-boomer generation

Strong ALF Markets in Florida

  • Sarasota County

Contact Kris

By email: kris@chelseaplaceliving.com

Phone: (941) 883-6600

Web: https://chelseaplacecare.com/

 

Ep. 142 Beth Azor: 5 Creative Strategies for Filling Retail Centers

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We’ve all heard talk and seen the headlines that the retail apocalypse is upon us. Listening to the news, it sounds like brick-and-mortar retail centers are going the way of the dinosaurs. However, that’s really not the case. While retail is definitely in the midst of significant change, it’s certainly not on the verge of collapse. As our guest this episode says:

“Retail isn’t dead, bad retail is dead”

filling retail centersBeth Azor is a commercial real estate broker and owner of Azor Advisory Services. She’s also a seasoned real estate investor focusing on retail properties. Joining Terra Nova in 1986, Beth got her start in real estate assisting with commercial leasing. She handled mainly office leasing but was also involved with retail leasing, which is where her love for that asset class formed. Eventually, she worked her way up to President at Terra Nova, but left to spend time with her family and to focus on her own real estate investing goals.

She now owns five retail centers and an office building that she plans to convert to retail. Beth doesn’t worry too much about the doom-and-gloom talk concerning retail investing, despite the worries of some, Beth sees a sunny future for retail. She has developed creative strategies for both finding and filling retail centers that offer strong returns.

5 Creative Strategies for Filling Retail Centers

  • Feet-on-the-street canvasing and property searches

    • Make physical visits to properties; open a dialogue with retail owners
  • The power of social media
    • “Networking on steroids”
  • Dedicated involvement with local Chamber of Commerce
    • Build trust among chamber members
  • Visiting corporate offices
    • In-person visits can go a lot further than a phone call
  • Small group broker networking
    • Connect with small groups of brokers; find similar interests

Connect with Beth

Ep. 139 Tyler Sheff: Buying Notes Can Be a Sustainable Real Estate Investing Alternative!

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buying notesThe real estate market is reaching a peak in its cycle. Investors are seeing a tightening market in many major asset classes, especially in residential and commercial multifamily markets. You may be wondering how you can find deals offering great value for your investment; it may be time to start thinking outside the box.

Did you know that buying notes can be a great alternative real estate investment strategy? Instead of buying a property, you buy and hold the debt on the property. With proper understanding of buying notes, this method can be a great alternative real estate investment strategy and maximize your cash flow.

Here to talk with us about note-buying is investor and educator, Tyler Sheff. We’re very excited to have Tyler on the show. A seasoned real estate investor as well as a licensed residential Realtor, Tyler is also the creator and host of The Cash Flow Guys podcast.

This episode, Tyler will share his transition from house-flipper to syndicator. He also discusses buying notes as an alternative cash flow strategy. He shares tips for developing sustainable investment strategies and pitfalls to avoid along the way.

Buying Notes

  • Buying non-performing notes can be a great strategy during a real estate market peak
  • Debt sold at fraction of value

How to Invest?

  • Joint Ventures: private money or IRA
  • Financing through local banks

Anticipating Returns

  • 12-24 months before first returns
  • Investors receive preferred returns and 5 & 10 year pro formas

Avoiding Pitfalls

  • When buying notes, due-diligence is very important
    • note documents mean a lot more than the property
    • watch for missing or incorrect information on notes

Investor Resources

  • For more info on buying notes and debt investing, check out the Cash Flow Guys podcast. They’ve got several episodes on note-buying.
  • To get in touch with Tyler or the Cash Flow Guys team, email info@cashflowguys.com or visit www.cashflowguys.com

 

Ep. 137 Ken Rosen: These Buying Strategies Can Help You Choose the Right Investment Property

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There’s no doubt we’re seeing a tightening market. In Florida, especially in the Tampa Bay market, we’re seeing demand outpacing construction; leading to higher prices in asset classes across the board. For investors, this means choosing the right investment property for your portfolio may take a little more work. That’s not to say a great investment isn’t waiting out there for you, it may just require a little creativity.

real estate buying strategiesKen Rosen knows a thing or two about creativity. As one of the leading innovators of South Florida real estate investing, Ken was a pioneer of condo conversions, reinvigorating the area’s multifamily market. Mr. Rosen has continued to be a driving force in South Florida real estate, working with a variety of asset classes before focusing mainly on office investing.

With over 30 years of investing experience and insight and over $500 million in transactions, Ken has earned a respected reputation among investors. He remains an active investor, mentor and educator as well as a best-selling author.

This episode, Ken provides his insight into where the market is at, where it’s heading, and how the right buying strategies can help you make the right investment.

“One good real estate investment is worth a lifetime of labor”

Buying Strategies for Smart Investments

  • Properties with long-term owners of high return opportunities
    • Under-market rates
    • Room to increase rents
  • Account for inflation when writing multi-year leases
    • Office, Flex, Industrial
  • Look for “B” buildings in “A” locations

Investment Properties to Watch

  • Self-storage
  • Multifamily

Resources

Check out Ken’s best-selling book, “Investing in Income Properties: The BIG SIX Formula for Achieving Wealth in Real Estate” for even more insight into Ken’s buying strategies.

For questions or investment opportunities, call Ken directly at (305) 469-6708 or email krosen@kendar.com

 

 

 

Ep. 136 Brian Willis & Gerry Tierney: Learn How Transit & Technology Changes Will Affect Your Property!

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automated transitTechnology is rapidly changing the way we look at the future. Innovations like automated transit are quickly nearing practical realities. In Tampa Bay, we’re seeing advancements in automated transit already, with the area being positioned as a proving ground for automated systems. Automation and other technologies will bring major changes to existing infrastructure.

No industry will be affected by these impending technologies more than real estate. From multifamily to retail, emerging technologies like automated transit will require an entire rethinking of real estate design and development. Urban planners, architects and developers need to consider these effects and start planning accordingly.

This episode, we discuss these changes on a local and national level. We look at what game-changing technologies are emerging and what urban planners and developers are doing to address these changes now.

Meet Our Guests

Tampa Bay sustainable transitBrian Willis is real estate attorney with Shumaker Loop & Kendrick. He is a leading advocate for integrated and sustainable transit in Tampa. Brian brings on-the-ground knowledge of the cutting-edge technologies here in Florida and how Tampa Bay is taking steps to integrate them into current real estate design and development.

 

real estate designGerry Tierney is an Associate Principal at Perkins + Will. Based out of San Fransisco, Gerry is a leading force for automated transit and mobility and adapting real estate design to suit these changing needs. He serves as the Co-Director of Smart Mobility Lab and has Collaborated with both UCLA – Berkeley and MIT in sustainability research.

Technologies Impacting Real Estate

  • Automated transit / autonomous vehicles
    • Autonomy integrating in public transit by 2020s
    • Subscription-based autonomous car ownership coming down the line

Future-proofing Current Real Estate Design

Urban planners, architects and developers needs to consider how current layout and designs will play into emerging technologies.

  • Adaptive Use
    • Big-box retail stores
    • Shopping malls
    • Existing parking structures
      • Vertical Parking vs. Horizontal
      • In-fill
      • Mechanized parking
  • Urban Design & Planning
    • Current developments built to accommodate automated transit
    • Changes to grid structure and street layouts
    • Rethinking asset classes
      • Industrial
      • Office
      • Multifamily
      • Retail

Resources

  • Contact Gerry at gerry.tierney@perkinswill.com or (415) 546-2933
  • Contact Brian at (813) 221-7165 or on Twitter @BrianWillisTPA

 

 

Ep. 135 Alex Rios: These Hot Design Trends Can Increase the Value of Your Multifamily Property!

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Whether you invest in multifamily or other commercial properties, if you’re investing for cashflow, you’re going to want your property to attract tenants. The design and function of a property goes a long way in enticing potential tenants. Updating your property with latest design trends and practical features can also increase the value of your investment.

 

multifamily design trendsThis episode, we talk with Alex Rios. As President of Rios Architecture, Alex has worked on many projects in many asset classes, including office, commercial, medical and multifamily. Lately, he has been actively involved with several multifamily projects around Tampa Bay, including several McKinley developments.

Alex knows that, for cash-flowing investment properties to attract tenants, they need to feature things that people will want. If you want to increase your property value and attract desirable tenants, staying up-to-date with current design trends is important.

Here are some of the hot design trends that can increase the value of your investment property!

  • Apartment investors looking for ways to make their property stand out to tenants
  • Tight multifamily market has led investors to look at value-add opportunities

Hot Design Trends

  • ‘Sophisticated’ look
    • Invest in palette, not singular items
  • Colors catering to relaxing environments
    • Light blues
    • Light greens
    • Accent colors
  • Floor materials
    • Luxury Vinyl Tile (LVT) mimics look and quality of wood, durable
  • Amenities need to cater to what your desired tenants want
    • Urban lifestyle trends very strong market
    • Digital/online age demands accessible internet
    • Pet accommodations
    • Encourage social interaction
    • Home office flexibility
    • Accessibility and walkability are important features

Investing for the Future

  • Plan for changes with new technology
    • Electric cars
    • Automated transit
  • Manage your construction costs
    • Account for high labor demand
    • Costs for new development materials

Contact Alex

By email: alex_rios@riosarchitecture.com

Website: riosarchitecture.com

Ep. 132 Steven Rinaldi: What You Need to Know About Investing in Real Estate Securities

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If you’ve got a real estate investment that’s managed through a third-party property management company, did you know it’s considered a security? When your investment is classified as a security, there’s different rules to how it is managed.

real estate securitiesOur guest this week, Steven Rinaldi, is a real estate attorney based out of Bethesda Maryland. He is a leading figure in real estate and security law, having previously served as general counsel for the American Association of Bankers. He specializes in venture capital, private placement, angel investment and crowdfunding. He’s drafted memoranda for real estate investor with deal-types including private loans for rehabbers and loans for apartment investors.

This episode, he’ll be sharing what you need to know about real estate securities and the rules for managing properties as securities.

Find out what you need to know about real estate securities!

  •  Federal looks at 4 factors of an investment to determine it as a security:
    • Investment of money
    • Common enterprise
    • Expectation of profit
    • Element of control
  • Your expectation of a profit is based on the work of someone else
  • Your real estate investment is a security if you do not have control over day-to-day operations of it
  • Different sets of laws apply to real estate securities

Investor resources

Want to find out more about what it means to invest in real estate securities or curious about real estate syndication? You can contact Steven Rinaldi through email at stevendrinaldi@msn.com or by phone at (204) 481-2708. You can also check out what kind of syndication deals he’s been involved in! Click here to view.

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