BigMikeFund

Welcome to our latest episode. Today, we are thrilled to welcome Matthew Burk, CEO of Fairway America and Chairman of its affiliate, Verivest. Matt brings a wealth of knowledge and experience in real estate finance, having founded Fairway Financial Services in 1992 and authored the seminal book on capital raising for middle market real estate entrepreneurs, "Capital Attraction." This episode is packed with valuable insights on how to navigate the complexities of real estate investment and valuation.

HIGHLIGHTS OF THE EPISODE

00:24 - Guest intro: Matthew Burk 

01:50 - Matt's background and journey in real estate finance 

04:00 - The importance of understanding market conditions 

06:00 - The impact of rising interest rates on real estate 

10:00 - Challenges and opportunities in the current real estate market 

12:00 - Insights on multifamily, self-storage, and retail sectors 

18:00 - Strategic approaches for successful real estate investing in 2024 

22:50 - Wisdom from Matt and closing remarks

CONNECTING WITH THE GUEST

Website Fairway: https://fairwayamerica.com/

Website Verivest: https://verivest.com/

Full Transcript:

Mike Zlotnik: Welcome to the BigMikeFund Podcast. I'm the Big Mike, Mike Zlotnik, and today it is my pleasure and a privilege to welcome back Matt Burk. CEO of Fairway America, and the Verivest. Hey Matt.

Matthew Burk: Hey Mike.

Mike Zlotnik: Thanks for coming back on the podcast. Appreciate you.

Matthew Burk: Of course. Of course, man. Anytime. I appreciate you being willing to continue to have me.

Mike Zlotnik: Let's talk a little bit about what's going on out there. Well, before we do that, we always ask about family. I know your kids are, you've taken your kids to colleges and how the kid's doing, colleges, any, what's, what's new there?

Matthew Burk: Kids are...

Welcome to our latest episode. Today, we're thrilled to have Wendy Sweet and her brother Bill Fairman, co-founders of Carolina Capital, join us. Wendy and Bill bring a wealth of knowledge and experience in the real estate lending space, offering insights into the current market dynamics and their unique approach to hard money lending.

In this enlightening discussion, Wendy and Bill share their journey in the real estate industry, emphasizing the importance of private lending as a solution in today's tight bank credit environment. They explain how private credit is stepping in to fill the gaps left by traditional lenders and the benefits of their conservative, first-lien loan strategy. The conversation also touches on the challenges and opportunities in the residential and commercial real estate sectors, particularly in light of recent interest rate hikes.

Wendy and Bill delve into the specifics of their lending model, discussing the types of properties they focus on, including single-family homes, multifamily units, self-storage facilities, and retail strip centers. They highlight the importance of staying conservative with loan-to-value ratios and the benefits of investing in real estate as a lender versus an owner.

Whether you're a seasoned investor or just starting out, this episode is a must. Tune in now to gain valuable insights into the world of real estate lending and how to navigate the current market conditions with confidence and strategic acumen!

HIGHLIGHTS OF THE EPISODE

00:23 - Guest intro: Wendy Sweet and Bill Fairman

05:50 - Current trends in the residential real estate market

09:58 - Challenges and opportunities in commercial real estate

15:00 - The impact of interest rate hikes on real estate

20:00 - The benefits of conservative lending practices

25:00 - Preferred asset classes for real estate lending

29:57 - Future outlook and strategic advice for investors

CONNECTING WITH THE GUEST

Wendy Sweet

Website: https://carolinahardmoney.com/

Linkedin: https://www.linkedin.com/in/wendysweethardmoneylender/

Bill Fairman

Website: https://carolinahardmoney.com/

Linkedin: https://www.linkedin.com/in/bfairmancarolinahardmoney/

Full Transcript:

Intro: Welcome to The BigMikeFund Podcast, where you'll learn about advanced wealth building strategies from real estate investing to creating massive ROI and secure retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic, starting now.

Mike Zlotnik: Welcome to the BigMikeFund Podcast. I'm the Big Mike, Mike Zlotnik, and today it is my pleasure and a privilege to welcome back my really good friends, Wendy Sweet, she's always so sweet and she's smiling, and her brother Bill Fairman. Hi, Wendy. Hi, Bill.

Wendy Sweet: Hey, Mike.

Bill Fairman: Great to see you again, Mik...

Welcome to another episode! Today, it is our pleasure to welcome back our good friend, Marck De Lautour. Marck is a New Zealand-born real estate investor who has built a successful real estate company, buying and selling 150 to 200 homes per year and managing 600 houses. Marck’s expertise in the turnkey real estate model is unparalleled, attracting clients from around the world to buy U.S. properties hands-off.

In this episode, Marck provides valuable insights into the current housing market, driven by strong job growth and significant investments from major companies. Marck and Big Mike delve into the impact of sports on local economies, highlighting how thriving sports cultures can boost both tourism and job growth. The discussion also covers strategic pivots in Marck’s business, such as transitioning from turnkey single-family homes to new construction duplexes and four-plexes, and the benefits of these investments for maintaining low maintenance and higher tenant reliability.

Additionally, Marck discusses the challenges and opportunities in the current high-interest-rate environment, emphasizing the importance of long-term wealth accumulation through strategic real estate investments. He explains innovative strategies like rate buy-downs to make properties more appealing to investors despite the elevated cost of debt.

Whether you’re a seasoned investor or just starting, this episode is packed with valuable insights to help you navigate the complexities of real estate investing.

HIGHLIGHTS OF THE EPISODE

00:23 – Guest Intro: Marck De Lautour

01:37 – The booming housing market and major investments

03:54 – Strategic business pivots: From turnkey homes to new construction

07:44 – Benefits of new construction for investors

12:28 – Ground-up development projects and investor opportunities

16:11 – Rate buy-down strategies for investor appeal

19:18 – Market conditions and the impact of high interest rates

CONNECTING WITH THE GUEST

Website: https://sbdhousing.com/

Linkedin: https://www.linkedin.com/in/marck-de-lautour/

Instagram: https://www.instagram.com/marckdelautour/

Youtube: https://www.youtube.com/channel/UCMijokbrMsRanO0edXOQ1zQ

Facebook: https://www.facebook.com/MistakeFreeRealEstate

Full Transcript:

Mike Zlotnik: Welcome to the BigMikeFund Podcast. I'm the Big Mike, Mike Zlotnik, and today it is my pleasure and privilege to welcome back my really good friend, Marck de Lautour. Hey, Mark.

Marck de Lautour: Hey Mike, how are you, mate?

Mike Zlotnik: Thanks for coming on the podcast. You're back and great to have you back.

Marck de Lautour: Yeah, always good to do a check in. So nice to have some time with you.

Mike Zlotnik: So what's the latest and greatest in the world of Mark? What's happening with personal life? Anything interesting in busi...

Welcome to another episode. Today, we are thrilled to have Ken Majmudar, Founder and Managing Partner of Ridgewood Investments, join us once again. With an impressive background that includes an honors degree from Harvard Law School and extensive experience on Wall Street, Ken brings a nuanced understanding of value investing to today’s complex real estate landscape.

Since founding Ridgewood Investments in 2002, Ken has honed a keen focus on value investing strategies that have consistently outperformed in dynamic markets. His profound insights have been shaped by decades of high-level experience in IPOs, mergers, and acquisitions, earning him a notable reputation among elite investment circles.

In this episode, Ken dives into the current state of the real estate market, sharing innovative strategies and emerging trends. He tackles the intricacies of ground-up multifamily development projects, discussing both the challenges and key considerations that can make or break an investment. Ken also explores the impact of private credit and immigration on housing trends, providing listeners with a deeper understanding of these critical factors.

Additionally, Ken outlines what investors should consider when planning and budgeting for property development projects. He emphasizes the importance of adhering to fundamental investment frameworks, especially in a market rife with potential risks and rewards.

Whether you're an experienced investor or just starting out, this conversation with Ken Majmudar is essential for anyone looking to navigate the complexities of real estate investment with confidence and strategic acumen.

HIGHLIGHTS OF THE EPISODE

00:23 – Guest Intro: Ken Majmudar

01:37 – Navigating the current state of the real estate market

03:54 – Investment strategies and market trends in the real estate industry

11:54 – Challenges and considerations in a ground-up multifamily development project

25:01 – The impact of private credit and immigration on the housing market

28:01 – Budget and plans for a property development project

34:45 – Exploring investment opportunities and strategies

38:58 – The importance of fundamental frameworks in investing

45:14 – Challenges and risks in real estate investments

CONNECTING WITH THE GUEST

Website: https://ridgewoodinvestments.com/

Linkedin: https://www.linkedin.com/in/kenmajmudar/

Instagram: https://www.instagram.com/ridgewoodinvestments/?hl=en

Youtube: https://www.youtube.com/channel/UCH9bBby_oLefFBq0lpOQZ6g

Full Transcript:

Intro/Outro: Welcome to The BigMikeFund Podcast, where you'll learn about advanced wealth building strategies from real estate investing to creating massive ROI and secure retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic, starting now.

Mike Zlotnik: Welcome to the BigMikeFund Podcast. I'm the Big Mike, Mike Zlotnik, and today is my pleasure and a privilege to welcome back Ken Majmudar. Hi Ken.

Ken Majmudar: Yes. Hey, Mike.

Mike Zlotnik: Thanks for coming back on the podcast. And Ken is a founder and managing partner at Ridgew...

Join us for an insightful continuation with Fernando Angelucci on the latest episode of The BigMikeFund Podcast! Fernando returns to delve deeper into the self-storage market, offering expert analysis on its current state in the US and shedding light on the impact of unexpected Black Swan events. He explores the challenges confronting new players in the industry and shares strategies for navigating the ever-evolving real estate market through creative financing.

From financing options for selling storage facilities to the intricacies of successful real estate deals involving seller financing and bank loans, Fernando provides invaluable insights. Plus, he shares expert tips on negotiating deals with a sharp focus on price and structure. Don't miss out on this informative discussion with one of the industry's leading voices!

HIGHLIGHTS OF THE EPISODE

00:36 - The current state of the self-storage industry in the US

04:51 - The impact of a Black Swan event on the self-storage industry

09:58 - The current state of the self-storage industry and the challenges faced by new players

15:05 - Navigating the current real estate market through creative financing

19:39 - Financing options and strategies for selling storage facilities.

25:04 - A successful real estate deal with seller financing and bank loans

29:58 - Negotiating a deal with a focus on price and structure

CONNECTING WITH THE GUEST

Website: https://ssse.com/

Linkedin: https://www.linkedin.com/in/thestoragestud/

Instagram: https://www.instagram.com/thestoragestud/?hl=en

X: https://twitter.com/thestoragestud?lang=en

Full Transcript:

Intro/Outro: Welcome to The BigMikeFund Podcast, where you'll learn about advanced wealth building strategies from real estate investing to creating massive ROI and secure retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic, starting now.

Fernando Angelucci: Hey, Mike. Thanks for having me back. 

Mike Zlotnik: Yeah, thanks for coming back on the podcast. Previous discussion went really well. We talked about the international situation, how you are in South America. You've traveled the world. You look at storage in other parts of the world. You've seen inflation being way higher than the U. S. And then now let's come back to the U. S. experience in the self storage industry. This is kind of your bread and butter. So yeah, in the world outside of the U. S. use of storage is a lot lower demand.

Versus where the U. S. is at. The U. S. is almost unique. A lot of international investors, they come into the U. S. and they're surprised how widely storage is used. Is this a trend that's increasing? Or is this sort of a stable trend at this point in the U. S.? Is the demand per capita, or three mile radius, five mile radius, one mile radius, in most markets, stable?

Or is there a pattern change? Self storage is in the business. Of change, right? People move when something happens, but the moving has been somewhat slower in this environment when the interest rates spike, people don't move as much so I'm just curious. What's happening right now? 

Fernando Angelucci: Yeah....

Welcome to our latest episode! Today, we are thrilled to welcome Fernando Angelucci, a seasoned expert in real estate investment and social stewardship. Fernando's journey from the corporate world to real estate success is nothing short of inspiring.

From his early days in residential real estate to building a thriving multi-family rental portfolio across the Midwest, Fernando's path is filled with valuable insights and lessons learned.

In this captivating episode, Fernando delves into the intricacies of real estate investment, particularly focusing on the self-storage sector. He shares his expertise on navigating the challenges of purchasing and financing properties, drawing from his experiences both in Brazil and the US.

Discover Fernando's unique approach to investment, emphasizing downside mitigation and social stewardship. Learn about the current state of the economy and its potential impact on the real estate market, as well as the resilience of the self-storage industry in uncertain times.

Don't miss out on this exclusive opportunity to gain invaluable knowledge from Fernando Angelucci. Tune in now and uncover the secrets to tax-advantaged self-storage investments with a focus on social responsibility!

HIGHLIGHTS OF THE EPISODE

00:23 – Guest Intro: Fernando Angelucci

00:42 – The challenges of purchasing and financing in Brazil

06:50 – Exploring financing and investment opportunities in the US self-storage market

11:12 – The current state of the economy and its potential for recession

15:49 – The impact of the economy on the self storage industry

20:32 – Opportunities and communication methods

CONNECTING WITH THE GUEST

Website: https://ssse.com/

Linkedin: https://www.linkedin.com/in/thestoragestud/

Instagram: https://www.instagram.com/thestoragestud/?hl=en

X: https://twitter.com/thestoragestud?lang=en

#SelfStorageInvestments #RealEstateInvesting  #EconomicOutlook

Intro/Outro: Welcome to the BigMike Fund Podcast, where you'll learn about advanced wealth building strategies from real estate investing to creating massive ROI and secure retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic, starting now.

Mike Zlotnik: Welcome to the BigMike Fund podcast.

I'm the Big Mike, Mike Zlotnik, and today it is my pleasure and a privilege to welcome back my good friend Fernando Angelucci, if I pronounce it correctly. Hey, Fernando.

Fernando Angelucci: How you doing, Mike?

Mike Zlotnik: How's Brazil? You've been in Brazil for a while. Kind of interesting. You've been living and running a business in Brazil.

Fernando Angelucci: Yeah, not only Brazil, but this year I've been to nine countries. So I've been living out of a backpack and had my, my computer and my microphone with me and because of my, my teams, I've been able to run the business that way. So it's been pretty good, especially because of the The income arbitrage or earning in dollars and then spending in less powerful currency has been great

Mike Zlotnik: That's a fascinating experience people still don't really well people realize this but they it's kind of Difficult to say when you see inflation in us dollars and dollar weakening it feels not great, but The rest of the world is in worse shape.

Welcome to our latest episode! Today, we're excited to have Travis Watts, a leader in real estate investing, join us. With extensive experience since 2009, Travis has navigated various sectors, including multi-family, single-family, and vacation rentals. As a Director at Ashcroft Capital, investor, speaker, and author, Travis's insights are invaluable.

Travis's journey began in 2009, and he's participated in over 30% of Ashcroft's opportunities. He transitioned to the Ashcroft Investor Relations Team, driven by superior communication, reporting, deal volume, and performance. With a background in traditional Wall Street investing and Series 7 and Series 63 licenses, Travis brings a unique perspective to real estate.

In this episode, Travis discusses changes in multifamily real estate, challenges from interest rates and new supply, predictions on rent growth and market recovery, impacts of existing deals and floating rate debt, and the importance of investor education. He emphasizes ongoing learning and leaves investors with a final message: seize the opportunity to expand knowledge and embrace the journey towards financial freedom.

Don't miss this conversation with Travis Watts. Tune in now and elevate your investment game!

HIGHLIGHTS OF THE EPISODE

00:23 – Guest Intro: Travis Watts

02:43 – Changes in Multifamily Real Estate

06:28 – Challenges from Interest Rates and New Supply

18:27 – Return to Normalcy in Rent Growth

21:05 – Predictions on Rent Growth and Market Recovery

28:10 – Impacts of Existing Deals and Floating Rate Debt

31:09 – Importance of Investor Education

33:19 – Real Estate Market Forecast

36:30 – Importance of Ongoing Learning

38:22 – Final Message to Investors

CONNECTING WITH THE GUEST

Website: https://ashcroftcapital.com/

Linkedin: https://www.linkedin.com/in/traviswatts1234/

Instagram: https://www.instagram.com/passiveinvestortips/?hl=en

Facebook: https://www.facebook.com/passiveinvestortips 

Linktree: https://linktr.ee/passiveinvestortips

Full Transcript:

Intro/Outro: Welcome to the BigMike Fund Podcast, where you'll learn about advanced wealth building strategies from real estate investing to creating massive ROI and secure retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic, starting now.

Mike Zlotnik: Welcome to the BigMike Fund Podcast. I'm the Big Mike, Mike Zlotnik, and today it is my pleasure and a privilege to welcome back Travis Watts. Hi, Travis.

Travis Watts: Hey, Mike, thanks for having me back on the show.

Mike Zlotnik: Thanks for coming on the show. Travis is a director of investor development at Ashcroft Capital and he is a distinguished gentleman. So let's talk a little bit about Travis personal, just a couple of words about what's new in your And then we'll jump back into multi family real estate and what's going on out there.

We're reporting it mid March 2024. It's a wild west what's happening out there. So, let's but first, what's new in the world of Travis?

Travis Watts:

Welcome back to another episode! Today, it’s a pleasure to have Corey Peterson, the Chief Kahuna of Kahuna Investments, return to the show. Corey specializes in multi-family apartment investments, offering investors consistent cash flow and long-term growth. As a bestselling author and host of the Multi-Family Legacy Podcast, Corey brings a wealth of experience to the table.

In this episode, Corey discusses the challenges of managing properties remotely, highlighting issues such as theft and inflated vendor prices that can lead to financial losses. He emphasizes the importance of accountability and vigilance in property management, addressing the impact of theft on expenses, revenues, and property valuations. Corey also shares strategies for buying distressed properties and securing deals at a discount, as well as the significance of focusing on familiar markets while diversifying investment portfolios.

Through education and transparency, Corey attracts passive investors seeking to build wealth and achieve financial freedom through strategic real estate investments. Tune in now to gain insights into overcoming property management challenges and unlocking the potential for financial prosperity with Corey Peterson!

HIGHLIGHTS OF THE EPISODE

00:23 – Guest Intro: Corey Peterson

01:21 – Challenges of managing properties remotely

02:06 – Theft and inflated vendor prices lead to financial losses

06:03 – Accountability and vigilance are essential in property management

08:00 – Challenges of property management: The impact of theft on expenses, revenues, and valuations

12:07 – Buying distressed properties and securing deals at a discount

24:15 – Focusing on familiar markets and diversifying

30:19 – Passive investors are attracted through education

If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.

CONNECTING WITH THE GUEST

Website: https://kahunainvestments.com/

Linkedin: https://www.linkedin.com/in/corey-peterson/

Instagram: https://www.instagram.com/kahunacashflow/?hl=en

Full Transcript:

Intro: Welcome to the BigMike Fund Podcast. Where you learn about advanced wealth building strategies from real estate investing to creating massive ROI and securing retirement profits. So pour yourself a cup of coffee, grab a notepad, and lean in. Because Big Mike has got the mic. Starting now.

Mike Zlotnik: Welcome to the BigMike Fund Podcast. I'm the Big Mike, Mike Zlotnik, and today it is my pleasure and a privilege to welcome back Corey Peterson. Hey, Corey.

Mike Zlotnik: I'm good. How are you? I was gonna say Mr. Big Kahuna, Kahuna Investments, right?

Corey Peterson: That's it. Yeah, Big Mike, dude. It's always Big Mike. That's what I love about you. My, and my best you know, spasiba, bajasta. I'll tell you, it's been crazy out there, my friend. It is a crazy time set we're in and The last time we talked, we talked about a lot of stuff, but man, I, I am people are your, are either your biggest asset or your biggest problem. And especially when it comes to property management. It's been crazy. It's been crazy.

Mike Zlotnik: Still. I think last time we talked, I re...