Kevin Bupp

This week we're going to speaking with Leslie Himmel of Himmel and Meringoff which is a commercial investment firm based in Manhattan. Leslie is a as big as they come as she was recently recognized as the highest ranking female landlord in New York's commercial real estate market, which is quite an impressive feat.

Honestly, I can't even fathom the sheer magnitude of the portfolio that Leslie has built, which consists of more than 2 million square feet of Manhattan commercial real estate with an estimated value of over $500 million. Listen in as she shares how she’s built such a successful empire.

Our Guest

Leslie Himmel - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.HMprop.com

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This week I'm going to discuss a deal we're currently working on and why we're willing to over pay for it. There aren't many times when it makes sense to overpay for a property, but this one is the exception to the rule.

Recommended Resources

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our Guest

Your truly

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This week we're going to be doing a follow-up interview with Commercial Real Estate Investment Expert and CCIM instructor, Jeremy Cyrier. Jeremy was one of our very first guest way back when we first started this show and I thought it would be awesome to bring him back on to get an update on his business and also cover a topic which I felt was very timely give our current market conditions.  Jeremy is going to share with us the step-by-step process of identifying the most promising real estate markets to invest in in order to find one that best meets your specific investment objectives.

Now remember, Jeremy is a CCIM instructor and a very successful broker and investor so what he’ll be teaching us today is the same curriculum that he teaches other elite industry players as well as practices himself within his own business. Today’s topic is one of those skills that we as an investor need to master if we want to truly succeed and thrive in this business.

Here's What You'll Learn

Why he's transitioning out of his multi-family investments and into the suburban office class.

How to use free online tools that Jeremy shares with us to uncover strong US markets that might be ripe to invest in and also those that might be a little to overheated which means you should stay away

The effects of urbanization and the opportunities it might present with income properties which are located in the suburban markets.

What the difference of a financial driven and market driven property search is and which you should be using

The step by step process that Jeremy uses to identify potential markets to invest in - this is the same process that is taught through the CCIM curriculum.

How to use the free report offered by IRR.com to identify specific market data to assist you in choosing the  right markets to invest in.

How to identify what part of the market cycle your target real estate market is in.

And much more

Our Guest

Jeremy Cyrier - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.CREinvested.com

Resources Provided in Show

Dividend Capital: http://www.dividendcapital.com/   

Integra Realty Resources: http://www.IRR.com

National Council of Real Estate Fiduciaries: http://www.ncreif.org/

http://www.reit.com/

Board of Governors of the Federal Reserve System: http://www.federalreserve.gov/

Shift Share Employment Analysis: http://www.georgiastats.uga.edu/sshare1.html

Site to Do Business: http://www.STDB.com

U.S. Bureau of Labor Statistics: http://www.bls.gov/

U.S. BLS Location Quotient Form: http://data.bls.gov/location_quotient/ControllerServlet;jsessionid=1B23C3E004705633FAF5D7FE8B00D6EC.tc_instance3

The Conference Board: http://www.conference-board.org/

Calculated Risk: http://www.calculatedriskblog.com/

Commercial brokerage market reports: http://www.CBRE.com, etc.

CoStar: http://www.CoStar.com

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This week's show I'm going to share with you 2 different strategies that we've used multiple times over the years in both apartment buildings as well as mobile home parks to help defer any undesirable tenants or guests from the property.

Very often the properties we purchase have existing management challenges and along with these management challenges often come trouble tenants and their guests who weren't properly screened before moving in. Well, when we purchase the property, these troubled tenants and their guests now become our problem as the new owner.

Listen in to see how to get rid of these bad apples.

Recommended Resources

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our Guest

Your truly

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Our guest for this week’s show is Real Estate Expert and founder of the Value Hound Academy, Craig Haskell. Craig has devoted over 25 years to value real estate investing, and has owned and managed 7,200 units and 2.8 million square feet of commercial space and provided advisory services on over $2 billion in value. Craig is also author of How to Take an Apartment Building from Money Pit to Money Maker, Secrets of Successful Apartment Buildings and A Guide to Creating Successful Apartment Advertisements.

Craig is also founder of the Value Hound Academy, which is a community of real estate professionals – agents, lenders, investors, managers and service providers who want to capitalize on today’s great buying opportunity, syndicating their own deals using a value investing approach.

Craig's understanding of real estate value investing is reinventing the way value investors do business to achieve high risk adjusted returns. As an inspiring leader and in-demand speaker, trainer and coach, Craig has helped thousands of investors and organizations around the world to become more successful value real estate investors.

Here's What You'll Learn

What attracted Craig to commercial real estate

When and how he finally realized that syndication was the way to wealth in commercial real estate

The lessons he learned from his first few deals

How he was able to acquire more than 1500 units within his first few years as a syndicator

What exactly syndication is and why you should start syndicating now if your goal is to big massive wealth as a real estate investor

The importance of a pitch book when raising capital from investors

Why it’s vitally important to have laser focus in this business if your desire is to grow a multi-million dollar portfolio.

How to get raise capital for your first deal even with zero track record by forming an advisory board

Why he suggests that your first commercial syndication should be a smaller sized deal, preferably under $1 million.

Which comes first, the deal or the money?

What the daily responsibilities of real estate a syndicator/sponsor are.

How you "the sponsor" can get paid multiple ways in a syndication

What Craig would have done differently in his RE business if he could go back and do it over again

How the changes in the general solicitation laws have made it easier to advertise your deals to potential investors

And much more

Our Guest

Craig Haskell - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.ValueHoundAcademy.com

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This week's show I'm going to share with you a short segment that I recently recorded with financial modeling expert and founder of REFM, Bruce Kirsch. Bruce will offer a few quick tips on how to effectively analyze and underwrite deals to help us avoid any potential mistakes which could affect the final output that you end up with in your evaluation.

This is such a basic topic, but one that is so vitally important because making just one small input mistake in your financial evaluation can be the difference between a good deal and a bad one. There have been many times where I've run a property through my financial modeling software only to have the results seem much better than I originally anticipated, and in almost all circumstances, it was due to an input error on my behalf.

Recommended Resources

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our Guest

Bruce Kirsch - GetREFM

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This week we're going to be speaking industry expert, Ann Hambly, who is the founder and CEO of 1st Service Solutions , a national service provider and consultancy firm to the commercial real estate industry who provide advice and solutions for anything ranging from the addition or removal of collateral on an existing CMBS loan, to the most complex loan restructure for all loan types.

And for those of you who might not know what a CMBS loan is here's a quick definition. A CMBS loan, also known as a commercial mortgage-backed security, is a type of fixed-income security that is collateralized by commercial real estate loans. Typically these loans are for commercial properties such as office buildings, hotels, malls, apartment buildings, factories, etc., but not single-family homes. CMBS make up about 2% of the total U.S. fixed income market.

 

In essence, CMBS are created when a bank takes a group of loans on its books, bundles them together, and sells them in securitized form as a series of bonds. Each series will typically be organized in "tranches" from the senior - or highest-rated, lowest-risk issue - to the highest-risk, lowest-rated issue. The senior issue is first in line to receive principal and interest payments, while the most junior issues will be the first to take a loss if a borrower defaults. Investors choose which issue they invest in based on their desired yield and capacity for risk.

Today we're going to speak about how Ann's company can help investors navigate the tricky and often times complex CMBS loan process as well as discuss some of the opportunities that might exist from maturing CMBS loans that were created back during the 2005-2008 real estate run-up and how her company can help you capitalize on some of these "soon-to-be" distressed opportunities.

Here's What You'll Learn

What a CMBS loan is

What role 1st service solutions  plays in the CMBS market and the services they provide to real estate investors

How Ann was able to grow her company during one of the worst real estate markets in history which was 2008

The opportunity that exists with the $100+ billion of maturing CMBS loans and how you can go about uncovering those that might be distressed

What defeasance means when it comes to CMBS loans

The benefits of a CMBS loan and how they typically offer much more attractive terms than conventional commercial loans which can include longer amortization, lower rates, non-recourse vs. recourse bank loans, and 10 year balloons instead of 5 or 7 that you have with commercial loans.

The number one marketing strategy which she feels is responsible for the great success her company has experienced and how you can apply this same strategy to your real estate business.

How to get a free 1 hour phone consultation with Ann.

And much more

Our Guest

Ann Hambly - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting www.1stsss.com 

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This week we're going to be speaking with commercial real estate expert and 30+ year industry veteran, Bruce Stein. Bruce has experience throughout many different sectors of real estate including hotels, office,  multifamily, industrial, retail and single-family residential. He has managed portfolios valued in excess of $850 million, brokered transactions of more than $1 billion, and raised hundreds of millions of equity for various projects - to put it short, he's a big time player who has a lot of valuable firsthand experience to share with us today.

Here's What You'll Learn

How he got his start in the real estate industry being an asset manager

How his consulting firm helps investors find, evaluate, and source multi-family and retail investments

What typical bridge loan terms look like and when it makes sense to use this type of loan for an acquisition

When it makes sense for someone who has zero track record to bring in an experienced sponsor to get a deal done and how to structure the partnership

How Bruce identifies and qualifies new potential markets to invest in

Why he thinks Iowa is a great state to consider investing in

Why he suggests that you become laser focused on the type of asset you want to invest in as well as the markets where you'll prospect for these properties.

The mistakes he's made during his career and what he learned from them

How timing the market is critical and how the wrong timing affected him during the recession of 2008

The suggestions he has for those who are putting together an investor presentation for raising capital.

And much more

Our Guest

Bruce Stein - Company Website

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

Learn more about today's guest by visiting http://www.PCS-Funds.com & http://www.RealPropPartners.com 

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This week's show is going to be a little different as I'm going to share with you a short segment that I recently recorded with Rich Dad Advisor and CPA, Tom Wheelwright. Tom will be sharing details on how we can maximize our deductions for the repairs that we perform on our rental properties.

Recommended Resources

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Our Guest

Yours Truly

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This week we're going to speaking with real estate expert, Phyllis Rockower. Now, Phyllis doesn't have an extensive background in multifamily or commercial real estate investing like most of our guests do, but what she does have is a ton of experience in starting up her own investment clubs, which is what we're going to be discussing in this week's show.

You see, there are hundreds, if not thousands of real estate investment clubs throughout the US, but the large majority of them are groups who tend to focus on single family investments which isn't going to benefit you if you are a multifamily or commercial real estate investor. Phyllis is going to discuss how she has successfully built two real estate investment clubs that collectively have over 1000 members and how you can do the same.

Here's What You'll Learn

The benefit of surrounding yourself around like minded investors who have an interest in the same type of real estate that you do.

How to leverage the existing REIA clubs in your area to market your new Multi-Family or commercial investment club to.

Why she feels that creating a club solely for the intent of making a profit is the wrong idea.

Why using meetup.com is the single best way to get your group launched and know by the masses.

Why she suggests that you keep your group small, similar to a mastermind format

How you might be able to leverage an existing clubs audience by creating a separate sub-group within the existing organization.

How a group format can help you significantly increase your buying power by means of partnering

Why you don't need to be a multifamily or commercial expert or have a track record to start your own club

How to quickly grow your club by sending a targeted direct mail campaign to other local multifamily owners

Why you shouldn't waste the time or energy on building a website or business plan prior to launching your group.

Why you should create a legal waiver and have all members sign it releasing you as the organizer from liability.

And much more

Our Guest

Phyllis Rockower

Recommended Resource

Download my free success guide,  “7 habits of highly successful multi-family investors” by going to www.KevinBupp.com/guide

Schedule a free 30 minute "no obligation" 30 minute call directly with me by clicking this link  https://www.timetrade.com/book/KV2D2

Looking to invest in Mobile Home Parks? Want to partner with me personally on a deal? Click this link to schedule a time for us to talk  https://www.timetrade.com/book/FGF7S

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