Commercial Real Estate Investing with Don and Eden

Joe Bodek is born and raised outside of Philadelphia, PA. After his grandfather and father, he is a third-generation real estate entrepreneur. He received the guidance of his father, one of the largest developers and builders in the country at that time. He continued in the real estate business up until 2012.

After that, he became a mentor because he wanted to solve other people's problems and share his knowledge of real estate. He created a revolutionary mentoring system called the 'Earn While You Learn Lease Option Mentoring Program.' The most important factor of this program is that it costs a whole lot less money in comparison to other courses in the market. This course is for everyone who is facing financial problems but are eager to take real estate courses and make a living out of it.

Episode Highlights:

Joe Bodek’s Family History And How He Became An Investor

Leasing A House

Types Of Lease Options: Sandwich And Wholesale

Mastering Lease Options In Commercial Properties

Future Goals Of Joe Bodek

How He Became A Real Estate Mentor.

 

Connect with Joe:

Website: realestatementoringUSA.com

Email: [email protected]

 

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TRANSCRIPTION

Intro: Hey guys, today I'm excited to talk about a subject that many people always ask me about. And to talk about that subject, I'm going to host Joe Bodek. Joe is a lease option mentor. And despite the fact that it has to do a lot with residential real estate, I think it's a super interesting subject nonetheless. And you could also apply these powerful techniques in commercial real estate, in what would be known as a master lease option. So, let's start and don't forget to check us out at DonandEden.com and remember you can always shoot us an email at [email protected].

 

Lady: Welcome to the commercial real estate investing podcast with Don and Eden, where we cover all aspects of real estate investing with special attention to off-market strategies.

 

Don: Hey, Joe, how are you doing today? Welcome to the show.

 

Joe: Oh, good, Don, how are you? I appreciate you having me on.

 

Don: Yes, of course. I think it's important to have somebody like you because you're dealing with lease options, which is a very interesting subject, and I haven't had anybody in the show that is doing that up until now. So, I would like to hear everything there is to know about it. And I'm sure that the audience would appreciate that as well. But first of all, I want you to tell us a little bit about yourself and your background and how you got into real estate, to begin with.

 

Joe: Don, I'm not the usual story that you hear about the individual that was working in the cubicle, hated his job, hated his boss, saw the infomercial at three o'clock in the morning and went and signed up for it, got into real estate and of course, the rest is history. You hear that a lot out there these days. I'm not of that area. I was birthed into real estate. I'm the third generation. My grandfather was a developer, builder. My father was one of the biggest developers and builders in the country back in the 50s and 60s and early 70s. By way of explanation, if anybody lives in that split level, or knows what a split-level home is, my dad's want to make them famous. He claims he invented them. I'm not quite sure he did that but he made it kind of famous, he's got thousands of them. So, I was mentored by him for a number of years, work with him running about 3000 apartment units for him and learn to build houses and develop ground. So, I have a fairly decent background in conventional real estate. And then back in the 80s, he decided he wanted to retire, everything got sold off. And I went out on my own eventually got into creative real estate, dealing with wholesaling and lease options and subject to and those kinds of deals, and did that for about 25 years. And for the last, I think it was about 8 or 10 years, I'm not exac

Douglas Skipworth has had an entrepreneurial heart from a young age. He began his journey in community banking and worked on earning his CPA and CFA certifications. Since then, he has been in the residential real estate industry for about 20 years and is passionate about partnering with others to develop thriving real estate businesses. He currently co-owns CrestCore Realty, which manages 2,500 properties in Memphis, TN. Along with his partner, they have built several real estate companies in brokerage, management, lending, and construction. 

In this episode, he discusses his life and business, the advantages of community banks, ideal criteria for investing in a new deal, the importance of connecting with others and shares helpful advice on education for today’s world. Listen in as he shows us hows real estate and adding value to others tie it all together. 

Episode Highlights:

How Much It Helps Your Business If You Connect With More People

Effects Of Borrowing Too Much Money For Education

How Local Banks Help In Real Estate Investing

Importance Of Establishing A Relationship With Local Community Banks

Douglas’ Interest In Helping Certain Types Of People Via His Businesses

 

Connect with Douglas:

Website: crestcore.com

Email: [email protected]

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TRANSCRIPTION 

Intro: Hey guys, this is Eden your co-host. Welcome to the show where we talk about all aspects of commercial real estate investing. Today, Don is interviewing Douglas Skipworth. Doug has been investing in real estate in the past 20 years. And today he'll cover a lot of subjects including community banks, relationships in real estate and some philosophical issues like college and financial freedom through self-educating yourself with the tools that are available to us nowadays. I want to mention, again, our new website that's forming a decent shape you can visit us at DonandEden.com. Also, remember you can always reach out to us I answer all emails personally: [email protected]. So, let's get started guys.

Lady: Welcome to the commercial real estate investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to off-market strategies.

Don: All right. Hey, Douglas. Welcome to the show.

Douglas: Hey, Don. Great to be here.

Don: Yes, I think you deserve it because you've been doing real estate since 2001. Right?

Douglas: That's correct. My partner started in 2001. And I started in real estate in 2002. Between the two of us, we're going on 20 years.

Don: Wow. So, you guys have been through a lot, right? So, you started, the market was going up, then there was a bubble, and then everything changed. And then you guys probably had to make some adjustments and change business models. Now, when the markets have been going up for a few good years.

Douglas: Yeah, it's so funny, because I don't know when you always talk about the good old days. I don't know if the good old days were when things were running up, or the good old days, because we were, you know, we were buying and refinancing and things were great or when things kind of went bust, because that was a huge opportunity for us personally to add to our portfolio as other investors busted in community banks had deals to give away and then rates have been so low for the past 10 years that that's been a good time. So, if you kind of look back at the past 20 years it has been the good old days.

Don: Yeah, I don't know who said it. I'm pretty sure it's Warren Buffett. "When there's blood on the street, buy real estate."

Douglas: So true.

Don: Yeah. So, tell us about the early stages of your career. How did you get started? What did you do? How did you even hear about real estate? And what were your goals at the time?

Douglas: Great question. After college, I knew I wanted to start a business. So I kind of jumped into commercial banking and accounting, got my CPA and my CFA ce

DE 26: Tax Strategies and Real Estate Investments with Thomas Castelli

 

Thomas Castelli is a licensed Certified Public Accountant (CPA) in New York. He is certified in Real Estate Financial Modeling and Tax Strategist. He comprehends that putting resources into real estate, joined with tax strategies and arranging are critical to limiting the taxes and building long term riches.

He holds equity positions in several multifamily properties and participated in the syndication of an 82 unit apartment complex as a general partner. All his experience in investing and tax strategies are really helping him in finances.

Highlights:

Difference Between GP and LP

Thomas’ First Investment

How Much Money Is Needed To Invest In Real Estate

How Many Partners A Partnership Should Contain And How Should The Partnership Split Be.

 

Connect with Thomas:

Email: [email protected] or [email protected]

Podcast: Real Estate CPA

 

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TRANSCRIPTION

Intro: Hey guys! Today I'm going to interview Thomas Castelli, Thomas is a real estate investor. And I think the most interesting thing about him is that he invested in his first real estate deal as a limited partner and that is something that we haven't discussed yet. A lot of people here don't know the difference between a limited partner and a general partner, also known as the sponsor or the syndicator. And today we're going to talk a lot about the difference between these two types of investments and how you can get into real estate as a passive investor with not a whole lot of money and learn a lot about real estate in the process also, while you make money, so that's a great opportunity. And I think it's a very important episode for everybody who is considering to invest in real estate. So, let's get started.

Lady: Welcome to the Commercial Real Estate Investing podcast with Don and Eden, where we cover all aspects of real estate investing with special attention to off-market strategies.

Don: Hey, Thomas, welcome to the show.

Thomas: Hey, Don, thanks so much for having me on today. Happy to be here. 

Don: Of course. How's your day going so far?

Thomas: It's going great. The weather's not too great here in New York. It's been raining for the last few days. But other than that, I can't complain. It's a good day.

Don: Yeah. Well, you know, it's only going to get colder from now on, right?

Thomas: Yeah, yeah, yeah, this the one bad thing about living in New York is it could be really hot in the summer and the nineties, and then go all the way down to the teens if not lower, when you move into the winter months. 

Don: Well, you know, I live in Florida, we have warm weather all year round. But then in the summer, you got the hurricanes and you got the rain. That's just non stop, and you can't plan anything. And so, you can't go out and do anything because whatever it is you're trying to do. There's going to be rain, and there's going to be sun and there's going to be rain and there's going to be Sun. It's just super annoying. But yeah, I'll take that over New York every day of the week. 

Don: Yeah, well, I would too. I don't blame me. Okay, so, tell us a little bit about who you are, how you got into real estate and then what you're doing currently.

Thomas: My name is Tom Castelli. I'm a CPA. I work for a company called the Real Estate CPA as a tax strategist and I primarily do tax consulting for real estate investors. So, I help them come up with a plan to minimize their tax liability each year. The super exciting job keeps me really in touch with real estate investors and what's currently going on. Outside of that, I am an investor myself. I got started as an investor on the LP side back in 2015 when I started to make a few Limited Partnership investments with someone who basically would become my mentor. I made my first LP investment in a 48 unit apartment building C

In today’s episode of “Commercial Real Estate Investing with Don & Eden” we have guest John Casmon. He’s founded Casmon Capital Group where he primarily invests in Chicago & Cincinnati. Together, he and his business partner/wife have helped families invest in multifamily apartments to create a passive income stream and tax benefits without the hassles of becoming landlords. 

 

In today’s episode, John discusses his partnership and business goals, his big deal in Texas, shares a variety of resources to learn your market & discusses important factors when analyzing a deal. He also explains why multifamily apartments are the main focus of his business strategy, his different types of value adds & views on the mobile home parks asset class.  

Highlights: 

Importance of Building Relationships

How to Analyze Unfamiliar Markets

Data Points to Focus On

Knowing When to Scale Up

 

Connect with John:

Website: casmoncapital.com

Email: [email protected]

 

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TRANSCRIPTION

 

00:00 Hey guys, this is Don and my guest today on the show is John Casmon. John is a real estate investor and he's investing primarily in Chicago and Cincinnati and he's in control of over 920 units, which is quite a lot of units. So I'm very excited to have him on the show today because he's one of the most experienced investors out there and I'm also, John was kind enough to share his resources with us. So at the end of the episode I'm going to read a few websites that you want to check out in case you want to do some research and find out some more information about the multifamily deal you're looking at. So we're always happy to give you guys that information. So stay tuned.

00:46 Welcome to the Commercial Real Estate Investing podcast with Don and Eden where we cover all aspects of real estate investing with special attention to off-market strategies.

01:03 Hey John, welcome to the show. Thank you for having me on.

01:07 Of course. I think you deserve it. I heard you own or in control of over 920 units.

01:14 Yeah. Were general partners of 920 units across the country, primarily in Texas, Florida, South Carolina and Cincinnati. And continue to grow that and working with investors. So excited about everything.

01:27 That's great. But I know when you started it wasn't always this way, so now you're a full time real estate investor, but when you started, you were doing that part time. I know you're investing since 2012 if my records are right.

01:41 Yeah, absolutely. We started off part time. I started with the house hack. We had a two unit property, lived in one unit, rented out the other and you know, from there we bought a three unit building. A couple of years later we bought an eight unit building the next year and just continued to build the portfolio. And eventually it got to the point where we were running out of our own money and we're talking to a lot of people who were interested in investing in real estate but didn't have the time to really learn everything that we had learned in the us on their own. And at that moment we kind of realized, Hey, there might be a great opportunity to partner with these people where we can bring them in along side of us on deals. They can be passive, they can, get all the, you know, the income that comes from being an investor without having to actually be the landlord and take care of the property themselves. So that kind of really opened us up to different ways of expanding and growing our portfolio. Yeah. So when you say we, who exactly are you talking about? Oh, my wife. You know, I don't make any decisions without checking in with the boss.

02:41 Yeah. Just checking in with the boss. That's, that's true. So when you, when you first made the transition to real estate, I know you were working in a different job, a day job and then how, how did your wife take it? So how, how was she with, with that idea?

02:57 Yeah, I mean it's

In today’s episode, we have the pleasure of having Benjamin Inman, founder of Inman Equities. Benjamin brings over 20 years of experience and has become successful via hard work and strategy. He has a really good reputation in the real estate market due to hard work, consistency, and persistence. 

Benjamin touches on his beginnings into the wonderful world of real estate, his lesson on how important it is to have deals in writing and the difference between the two markets he’s involved in like buying a property of over 200 units and buying properties on a smaller scale. He also discusses the importance of being involved from start to finish with the deal on the table along with the other partners or investors involved. 

 

Highlights:

Benjamin’s Career Briefs And An Unexpected Experience About His Very First Deal

His Tips And Tricks On How To Become Successful

How He Grew His Reputation Within The Southeast And Beyond.

Details About How, When And Who To Chose As A Business Partner

Never Miss Any Details In The Contract Agreement

 

Connect with Benjamin:

Email: [email protected]

Phone: 615-513-3088

Linkedin: @inmanequities

Facebook: @inmanequities

Instagram: @inmanequities

Twitter: @inmanequities

 

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TRANSCRIPTION:

Intro: Hey guys! I hope you’re ready for today’s episode. Today I’m going to host Benjamin Inman. Benjamin had been involved in multi-family in the past 20 years and worked and learned under the famous real-estate guru and tycoon Grant Cardone. In this episode, we will talk about the process of understanding that you can do this by yourself and use your connections and knowledge that you’ve acquired during the years. And also, for the first time on the show, we’ll have an investor that invests in institutional properties that are over 200 units. So, these are the bigger deals out there. Today’s episode is very informative, so stay tuned. And on another note, I’d like to remind you to check our website donandeden.com where you can find ways to contact us and connect with us and learn more about who we are, our deals and so on. So yeah, let’s get started and we have a lot to talk about. 

 

Intro: Welcome to the Real Estate Investing Podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies.

Don: Hey Benjamin! Welcome to the show. How’re you doing today?

 

Benjamin: I’m good. How are you doing?

 

Don: I’m doing just fine. So, I know you’ve been doing a lot of work, you’ve been buying properties in the market that everybody’s saying that it’s hard to buy but you’re still finding good deals, and I know you’re buying institutional properties over 200 units. So, I would like for you to tell our audience a little bit about who you are, what you do and how you got into real estate.

 

Benjamin: To start, I appreciate you for having me on. Always enjoy doing this type of thing. I started my career 18 years ago. Really starting to ground up I was so eager just to get in the business that I actually started as a landscape architect, doing single-family homes and then really just put myself out there because I was always interested in the multi-family space and got introduced to a developer down the Miami, offered a job to me as his corporate landscape architect and I was off to the races. Once I was there, I knew that it was a good opportunity for me. I was always asking a bunch of questions and surrounded myself with the right people in the firm and, so really just utilized that to the best of my abilities just kept growing and building on that from the time I left there until I went to the next shop and then from there just kept building and adding on. Just about all knowledge-based and then 2 years ago I left the last two investors I was working for and started my shop and never looked back. So, we typically have two different focuses. All the stuff tha

In today’s packed episode of ‘Multifamily Real Estate Investments with Don and Eden’, we’re joined by Dave Zook- a successful business owner and an active real estate investor in sectors such as multifamily apartments, self-storage, and ATMs. He’s also written a book on syndication “8 Real-Life Lessons for Syndicators and Their Investors.” 

In today’s episode, Don & Dave discuss the secrets to success, the do’s and don’t of the business, and the steps needed to have a strong foundation & longevity. Dave also touches on how a tax problem led to him dive deeper and deeper into the world of real estate, what he learned from watching his father and gives us an insight on this family modular storage sheds and garage business. 

Highlights:

-Discusses his focus on Multifamily Apartments, Self-Storage, and ATMs

-Explains how he was ‘Chased into Real Estate.’

-What’s the Modular Storage & Garage Business?

-Current Projects & plans for the future

 

Contact Dave:

Email:  [email protected] 

His Book: “8 Real-Life Lessons for Syndicators and Their Investors”

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TRANSCRIPTION 

 

[00:00:08] Hello, everybody. I hope you guys are excited for another episode where you learn a lot about commercial real estate and real estate in general. I want to say personally that we are so grateful to have you guys as listeners and we work hard on these shows and try our best to give you quality content with as little fluff as possible. Doing this isn't always easy and it requires a lot of time and energy. I'd like to ask you to give back by checking our new Website, which is being developed by my partner Eden. He's the best at it. You can find ways to connect with us, learn about us and see what kind of properties we invest in. So the Web site address is DonandEden.com. Again, that's DonandEden.com. No shocker there. And you can always send us an email at [email protected]. It's [email protected]. So thank you very much. We appreciate the feedback and you can take the time to do that. Our guest today on the show is Dave Zook. Dave invests in many asset classes as well. And his main focus is multifamily and self-storage assets, which is an asset class that picked up tremendously. So let's hear more about it. 

 

[00:01:33] Welcome to the Real Estate Investing Podcast with Don. Any time where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

 

[00:01:51] Hey, Dave, welcome to the show. 

 

[00:01:53] Hey, it's good to be on your show. 

 

[00:01:56] Thank you very much. How's your day been going so far? 

 

[00:01:58] So far, so good. It's been very busy. But looking forward to talking to you and your listeners. 

 

[00:02:06] Yeah. Thank you. So, yeah, busy is always good. So does first of all, so that we get to know you. I know a little bit about you, but our listeners don't. So give us some background and tell us a little bit about yourself. 

 

[00:02:18] So I was born into a very successful entrepreneurial family, very fortunate there. I grew up in our family business. It was a modular building business, still active in that business, along with my three brothers and my dad. 

 

[00:02:34] I saw my dad invest in real estate as I was growing up and I saw him taking the capital that he was making from his business and put them in real estate. He was buying arms and land and as single-family homes, I saw him sort of self manage some of the single-family homes. And I just realized at an early age that I was not a path that I was interested in being on. So I started investing in businesses and started a couple of businesses. 

 

[00:03:06] I partnered in a couple of businesses. 

 

[00:03:08] I sold a few and got to the point number of years ago where I was doing well and I had to pay a big, big tax bill. 

 

[00:03:21] At that point, I realized after doing some studies and reading a lot of Robert Kiyosaki his content, I real

After successfully having a career in the restaurant industry, Gino Barbaro became increasingly interested in the opportunities that investing in multi-family units could bring and the financial freedom one could attain. After conversations with his friend, Jake Stenziano, Gino and him decided to form a business partnership founding their real estate education company, Jake & Gino. Gino Barbaro is an author, real estate investor, and entrepreneur who is the co-founder of the real estate company Jake & Gino. Currently, they are in control of 1,400 units and are passionate about mentoring others to follow their long-term wealth strategies.  

In this episode of Multifamily Real Estate Investments with Don and Eden, Gino will share his unique story and path that led him to multifamily real estate investing. He also will talk about the importance of the right mindset into becoming involved in real estate syndications and why having the right mindset is so important.  

 

Highlights: 

Gino’s Beginnings in Real Estate 

Why Gino Decided to Not Only have a Career in the Restaurant Industry

Forming a Partnership

Importance of Mindset 

Current Projects and Future Outlook

 

How to Connect with Gino

Website: https://jakeandgino.com/

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

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

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Transcription

Hey guys, I'm very excited to tell you about our new website DonandEden.com. We have put a lot of hours into making the website very accessible, beautiful, and comfortable. You could find ways to contact us for a variety of options if you would like to network, we always want to hear new stories and get to know you better. We would displace some of the past deals we were involved with, you could learn from each of those deals. The important lessons we have also experienced on the website, you would be able to invest with us on our future deals if passive investors, and even as general partners. Today, Don will interview a person who is very dear to both of us, and his name is Gino Barbaro. Gino is the part of the famous duo Jake and Gino who is in control of over fourteen hundred units. Gino will share his story and the path that led him to real estate investing as well as the right mindset you need to be able to do this. Also at the end of the episode, Don and Gino will discuss one of our deals that are coming up, and we are very excited about the development of 28 units in Hollywood, Florida. 

So stay tuned and enjoy the episode. 

Welcome to the real estate investing podcast with Don and Eden, where we cover all aspects of real estate investing with special attention to multifamily apartment buildings and off-market strategies. 

Hey, Gino welcome to the show. How are you doing today? I'm doing really good. Thanks for having me on. Of course, I'm honored. If anybody, I'm honored to have you on the show it's going to be you the person that helped me so much in my career and developing myself as a real estate investor. I've learned so much from you. So I'm very honored as I mentioned. Thank you for putting the time to do this. Thank you. Yes. So you are a very accomplished man, and it seems like your whole life is about doing and creating. So I want you to tell us a little bit about your career how it started and what currently drives you. 

Well, my biggest accomplishment, I think, is being a father of six children. 

That is by far the most important thing to me, and that's the reason, believe or not why I got into real estate because I was in a tough business. I was in the restaurant business, and it just took a lot of time. 

It took a lot of energy, a lot of effort, a lot of long hours and a lot of long weekends working on the holidays- it was difficult, and I was the son of an immigrant. So that's what I thought everyone did. I mean, I was working hard, but I didn't feel fulfilled, and I seemed like I was always

Todd Dexheimer is a multifamily investor and syndicator and has been investing in multi-family units since 2012. A former high school industrial tech teacher, he began investing in real estate as well during the recession of 2008-2009. Due to the hardship to acquire loans, he began to flip homes - acquiring a solid rental portfolio before becoming involved in real estate syndications. 

In this episode of Multifamily Real Estate Investments with Don and Eden, Todd will discuss his first deal to transitioning from a single-family to multifamily investor. He also will outline his perceptions of the state of the market due to the talk of a looming recession. Todd also discusses what exactly he looks for in markets when investing in real estate and the types of real estate he chooses to invest in depending on what the current market outlook is.  

 

Highlights: 

Todd’s Beginnings in Real Estate 

Transitioning from One Career to Real Estate -Making the Jump Full time 

Are We Headed for a Recession?

Where to Invest

Current Projects and Future Outlook

 

How to Connect with Todd

W: VentureDProperties.com

E: [email protected]

Coaching & Mastermind: coachwithdex.com

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Hey guys. Today I'm hosting Todd Dexheimer. Todd is a multifamily investor and syndicator and he had been investing in multi-family since 2012. Today we're going to talk about Todd's first deal to transition from a single-family to multifamily investor and the state of the market due to chatter of a looming recession. 

Welcome to the Real Estate Investing Podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

Hey Todd, welcome to the show. How are you doing today? 

I'm doing well. Thanks for having me. 

Of course. Yes, so tell us a little bit about your day what are your plans for the near future. 

Well for the day or the future that's a big difference. 

Right. How about we start from there and then we take it to the future I know you say you're going to be traveling to Europe right. 

Yeah. So, today I've got a couple of things I've got - I'm in the third round of a property we're looking at purchasing. And so I've got the call with the seller. So we'll see how that goes. I'm very hopeful to be getting this property and then I'm also redlining a contract that I've got an office building under contract. So we're doing the redlining which redlining means you're just going back and forth with the seller and making changes and trying to get the contract. 

So it's good for both parties so very busy before I go to Europe, but then tomorrow we fly to Germany and spend two weeks with the wife and kids traveling around Europe. 

That's nice. I've been to Germany and I'm going to go to Germany in September for personal reasons. So that's nice that you can travel and work and stay busy when you travel. I guess that's the kind of lifestyle that you get when you work in real estate and you work for yourself. Is that right? 

Well yeah I mean the benefit of owning your own business and doing real estate as I do, is that I've got time flexibility right? I can do this trip and it's not extremely disruptive and I probably on this trip will have to do some work just because of these properties and hopefully, I get this other property and so hopefully I'll be having two properties that were redlining but can be done from everywhere, I’ve got a computer. So that's a benefit. And again it's time flexibility. We can go when we want to go. 

Yes. That's nice. So, tell us a little bit about your real estate business. I know that you have been doing real estate for quite a while now and you've done residential and commercial. You've gone back to commercial, you've gone back to residential, which is kind of different most people they either do this or they do that once they do to transition from residential

Eddie Lorin has twenty years of experience in real estate investing and developing. With a unique approach to investing that focuses more on the tenant rather than the cash flow of the deal, Eddie has successfully been able to invest in real estate and purchase over 15,000 units in more than seventy real estate transactions. 

In this episode of Multifamily Real Estate Investments with Don and Eden, Don and Eddie are going to discuss opportunity zones and a different approach of multifamily investing called impact investing. This type of investing is putting the focus on the tenant instead of the profit and the profit usually follows as the tenants tend to stay in the community. Therefore, there are fewer turnovers which are the biggest single expense we could have. Eddie will also discuss shelter and affordable housing development.

 

Highlights: 

Eddie’s Beginnings in Real Estate 

Impact Investing 

Opportunity Zones

Putting the Focus on the Tenant

Current Projects and Future Outlook

 

How to Connect with Eddie

W: StrategicRealtyHoldings.com

E:  [email protected]

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TRANSCRIPTION

Hey guys. This is Eden and in today's episode, Don will interview Eddie Lorin. Eddie has 20 years of experience in real estate investing and developing - Don and Eddie are going to discuss opportunity zones and a different approach of multifamily investing called impact investing. This type of investing is putting the focus on the tenant instead of the profit and the profit usually follows as the tenant tends to stay in the community. Therefore, they are fewer turnovers which are the biggest single expense we could have. Eddie will also speak shelter and affordable housing development so I hope you guys enjoy the show. 

Welcome to the Real Estate Investing Podcast with Don and Eden where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

Hey Eddie, how are you doing? Welcome to the show. 

Pleasure. Nice to be here. 

Thank you for participating. So how about you start by telling our viewers and listeners a little bit about yourself and who you are what you've done in your career in real estate. 

Well, I've been in the apartment business for over 25 years and I've done over 40,000 units of working for others and working for myself. I specialize in the lower end more low-income housing development and purchasing and rehabbing existing properties and then doing it for a long time. We try to give people a clean safe affordable place to live. Treat them with respect and dignity they stay, they pay and they refer their friends. That's it. Very simple business. We do the right thing all the time over and over again consistently. 

Yes, I know that you are an impact investor and also the name of your company. So tell us more about where you're based, where you're doing business, where are you’ve acquired properties and developing properties? 

We are based in Southern California in the San Fernando Valley. We're building four projects here locally. And we also have a funding opportunity zones that we're funding others across the nation to build their opportunity zone workforce housing. We define workforce housing as people making between 80 and 120 percent of area median income. That's what they can afford to pay. And we only have rents that are tagged to that structure. 

I see. So, I know opportunity zones are a pretty new subject. And a lot of people are very curious about it. I know it offers a lot of tax benefits. So, what could you tell us about Opportunity Zones? Briefly provide your input on that. 

There are three basic benefits. One is the deferral of taxes. It's basically 1031 on steroids. So, if you have gains in Apple stock or you sell a business it's not just a 1031 exchange anymore; you can sell the stock, sell interests in LLCs, you can exchange you any capital gain into opportunity zon

Currently, in control of 4,300 Multi-Family Units, Mark Kenney- a real estate investor, entrepreneur, and founder of ThinkMultifamily has an incredible amount of impact as an investor and businessman. Only starting to acquire larger deals five years ago, his ability to implement successful strategies when investing is apparent. With over twenty years in the real estate industry, his passion for the business has allowed him to gain an extensive amount of knowledge and insight into the valuation, acquisition, and operations behind a real estate deal. 

 

In this episode of Multifamily Real Estate Investments with Don and Eden, Mark Kenney discusses his beginnings as an IT entrepreneur and what exactly led him to move into the real estate arena and assisting investors with buying multi-family units. He also discusses the importance of partnering on deals in order to bring different skill sets to the table to make a deal successful and a good investment. Lastly, Mark advocates for the importance of giving back to others through different methods such as coaching, mentoring, and charity. 

 

Highlights: 

Mark’s Beginnings In Real Estate 

His IT Background (How It Is Applicable To The Real Estate World)

How He Finds The Right Deal For Investors

The Importance Of Giving Back  

Current Projects And Future Outlook

 

How to Connect with Mark

W: Think Multifamily

E: [email protected]

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Transcription

 

Hey guys, thank you for tuning in today. I'm going to host Mark Kenney. Mark is in control of forty-three hundred units. Think about that number for a second — the type of impact you have as an investor when you are affecting forty-three households. Well, not if you including vacancies. Okay, I think I'm losing it. So anyway what's even more amazing about that is that Mark only started to buy bigger deals five years ago. Potential of becoming extremely wealthy in a very short time is more than possible when you're dealing with multi-families, and that is what excites me so much about this. Also, Mark and I are going to talk about how important it is to partner up; especially on your first deal because people have different skill sets. You can't be good at everything, and there is a lot to do. Now don't get me wrong I'm not saying for a second it's impossible to do this on your own. Everything is possible if you have the will and determination, but I'm just saying it's probably easier to do it when you have the right partner or partners. Okay, so without further ado Mark Kenney. 

Welcome to the real estate investing podcast with Don and Eden, where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

Hey Mark, how are you doing today?  Welcome to the show. 

I'm doing well, thanks for having me. 

Yes, you're welcome. I believe you deserve it. I heard that now you're in control of forty-three hundred units, so that's amazing. 

Yeah, we didn't do it by ourselves, but it's been a journey. It's been fairly quick overall, but it's been fun. 

So I know that you started buying multi-families. I would say five years ago was it right? 

Yeah, I started buying a small multi-family twenty-five years ago, two to four units. Yeah. Then about five years ago started syndicating larger deals. 

Okay. So you were buying properties ever since you were out of college? If I'm correct, right? 

I was a senior in college, yes. Oh man. So tell us about that, that's interesting. Yeah.   people are like, was your dad in real estate or someone else you knew? The reality was, no we didn't have anyone in our family or anyone that was an entrepreneur or anything. But I have an identical twin brother, and we were both like, man there has to be a better way for both. Kind of analytical, and I had no accounting background or I.T. background.  At the time we were going to school for accounting, and we're like everyone needs a place to live. S