Insider Secrets Podcast: The Home of Passive Real Estate Investors by Mike Morawski

Timeline [01:55] Introduction to today's guest, Daniel Blue, [03:06] One word that describes Daniel personally and professionally. [04:18] Where Daniel came from and what his childhood was like. [07:14] A defining moment in Daniel's life. [09:51] Facing adversity and how it impacts you. [13:00] What Quest Education is and what they're doing now. [15:48] Self-directed IRA's vs. Solo 401k's. [19:03] Using your retirement account money to invest. [21:57] Active investing makes Daniel cuss. [26:37] How Quest Education can help you with your money. [28:21] Daniel's 'Insider Secret.' [30:18] Advice to new investors. [31:23] Bonus question round. [32:59] How to best contact Daniel. [34:38] Closing remarks. Contact www.danielblue.me https://yourquest.com

Timeline

[00:27] Introduction to guest Charlotte Dunford. [01:01] Charlotte's professional background. [01:45] One word that describes Charlotte personally and professionally. [02:36] When Charlotte moved to the U.S. and why. [05:00] How Charlotte got involved in real estate. [07:00] What to look at when buying a mobile home park. [09:29] The effects of COVID on the business. [13:28] Math versus emotion in investing. [15:36] Getting good deals through negotiations. [18:53] Advice on finding investment opportunities. [20:56] Working with a different demographic. [22:47] Making high stake decisions. [23:46] Bonus questions from Mike. [26:25] How to get ahold of Charlotte. [26:53] Closing remarks.

Timeline [01:36] Introduction to the guest, Mark Dolfini. [02:09] One word that describes Mark. [03:43] Beginning of Mark's career. [05:45] Working in your business vs. on your business. [07:03] How much is your time worth? [08:24] Fear of success is actually fear of loss. [09:24] Mark's time in the hospital. [11:23] Mark starts to take back control over his life. [13:18] College education in finance vs. learning on your own. [16:27] The defining moment in Mark's life. [19:15] A discussion of Mike & Mark's faiths. [21:48] Mark talks about his books, The Time Wealthy Investor and The Judge. [25:21] Mark talks about landlording and decision making in your business. [27:10] Making highstake decisions. [28:24] Bonus question round. [30:23] How to get ahold of Mark. [30:49] Closing remarks.

Timeline [02:26] One word that describes Joe. [04:55] What the Paralympics are. [05:42] The day of Joe's accident. [08:52] What helped Joe during/after becoming paralyzed. [11:54] How fast life can change in an instant. [15:14] Joe's opinion on being "self-made." [16:59] Joe's mindset at 19 vs. now. [20:06] Being in an inter-abled marriage. [21:49] Accountability and being held accountable. [22:41] What the Delagrave family will be up to in the near future. [23:55] Bonus question round. [25:15] Where to find Joe online. [25:48] Closing remarks.

[00:13] Introducing today's guest, 'Denis Shapiro'. [02:39] A brief bio on Denis. [03:54] One word that describes Denis. [05:06] Denis dives into his finance career. [09:01] Denis' favorite asset class. [11:39] Where the market is headed. [07:11] Start of current private equity fund venture. [09:02] Defining moment in career change. [12:55] Housing shortage in the USA. [15:01] Utilizing vacant office spaces. [17:30] Denis on being cautious & strategic while taking action. [19:37] Raising private capital for investments. [21:00] Passive vs. active investing. [22:37] Tech that helps with networking. [23:19] Denis talks about his new book. [27:52] Denis'' biggest piece of advice. [29:51] Bonus questions-favorite book, food, & tourist attraction. [32:16] Closing remarks.

[00:17] Introducing today's guest, 'Esther Reizes-Lowenbein'. [02:34] A brief bio on Esther. [03:47] One word that describes Esther. [04:19] Esther's personal and professional life. [06:28] Defining moment for Esther. [05:26] Start of career in real estate. [07:11] Start of current private equity fund venture. [09:02] Defining moment in career change. [13:33] Working in real estate in New York. [15:27] There's always a story behind a deal. [16:47] Esther's approach to investing. [19:01] Esther's one message she'd share with people. [20:40] Esther's biggest asset for work. [23:12] Esther's piece of advice for new people in real estate. [24:12] Bonus questions. [26:30] Where to find Esther and end remarks.

Timeline:

[02:45] Introducing today's guest, 'Kaaren Hall'.

[03:37] In one word, describe yourself.

[04:03] A brief history from Kaaren Hall.

[05:40] Kaaren explains what a self-directed IRA actually is.

[06:52] Difference between a Roth IRA and a traditional IRA.

[11:15] 529 college accounts, ESA's, SEPs, and HSA's

[14:14] Investing with IRA's.

[20:07] Filing tax returns with IRA's for UDFI or UBIT.

[25:30] Setting up an IRA.

[29:03] How to make high-stake decisions.

[31:50] Kaaren's Insider Secret.

[34:06] Wrapping up.

To get in touch with Kaaren visit udirectira.com or email at [email protected]

Standout Quotes:

"There have been some instances like that where I've had to kind of placate everyone" - [Beth]

"I do feel that in the next six months or so, agency lending is going to be a little freer" - [Beth]

"You have to really have professionals that understand underwriting and then be able to negotiate with the lenders" - [Beth]

"Don't go to the internet to find your first deal. Get in the car, drive around, figure out what property you like, property type and locations" – [Beth]

"Really do your due diligence and don't move too quickly just because you're excited that you're going to buy your first deal" – [Beth]

Key Takeaways:

• Bryce describes himself in one word "Grit".
• I grew up in Portland, Oregon.
• I graduated from the University of Washington, I stayed in Seattle and I worked for a local developer there.
• After that I decided that now was the time to move to New York.
• In the world of commercial real estate tech, there's LoopNet, there's Crexi, there's other big sites out there for buying and selling real estate.
• So we have done, I think 200 deals. We've arranged 200 financings, which is really great in basically three years.
• I'm supposed to have a closing in two weeks that is 70 million. So we're definitely moving into the larger realm.
• I'm quoting currently a guy who wants to buy a 200 unit in Texas and he wants a bridge to agency.
• My job as a broker is to make sure everyone's doing what they're supposed to be doing.

Episode Timeline:

[01:47] I'm joined today by Beth Mercante.

[03:16] Beth describes herself with one word "Competitive".

[04:18] Beth shares her backstory.

[06:34] I went in and interviewed with Peat Marwick and they gave me the job in real estate consulting.

[12:19] So tell us about StackSource and what StackSource is and who they are and how they came to be?

[14:23] My pipeline, I would say average is around the 20 to $50 million range.

[15:57] Insider Secrets, we focus mostly on the multifamily sector. So how does that work?

[18:17] So are all of your lender sources are you doing agency debt or is it traditional funding?

[19:53] A lot of bridge lenders will lend you 80% of your purchase price, then they'll also fund a hundred percent of your cap ex meaning your capital improvement costs.

[27:52] What about institutional financing? Do you guys get involved in that at all with any insurance companies or funds?

[33:36] Any pitfalls you see out there today that people should watch for?

[36:52] First question is your favorite tourist attraction?

How to Contact Beth

Website: [email protected]

Call: (646) 341-2030