Kevin Bupp

In this episode of the Real Estate Investing for Cashflow podcast, Kevin welcomes commercial real estate and finance expert, Ira Zlotowitz. Ira is the founder and president of Eastern Union Funding, one of the largest national real estate firm with over a hundred real estate professionals and they have closed more than $2.5 billion in just the last twelve months.

Ira talks about Eastern Union Funding as well as one of his more recent ventures, The Ira Group and shares how he built one of the largest brokerages in the country. He explains how lending can actually help in commercial real estate investment and clarifies the advantages of investing from the debt side of things in lieu of the usual syndicated equity investments. Kevin and Ira also discuss how one can be successful in commercial real estate.

QUOTES:

“Over time we grew into all other deals, but we don’t forget our roots and we start this way, we find our niche and we double down on that area.”

“As Eastern Union as the broker, we’ll typically work through full transactions, some look at $5 million, $3million or $100 million, we’ll find a lender for that sorts. Through the Ira group, it’s when the lender is looking for participation in loans, primarily bridge loans..”

“I’m gonna bring people that want to participate into loans and bring them to crowdfunding platforms or to individual lenders throughout the country.”

“What I also tell people is that the best deal that you should probably start with, if you’re about to invest equity in the deal, if you’re starting a bit nervous then it might be overpriced, maybe you can sit on that same deal and go to the debt side of that deal.”

“You only want to try to do deals that the initial term are officially only twelve months.”

HIGHLIGHTS

8:02 Ira’s background and the Ira group

13:10 Ideal investor

19:01 Roadblocks in understanding debt in investment

24:04 Time span of bridge loans

27:26 Ira talks about staying focused, knowing one’s strengths and weaknesses

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

www.easternunion.com

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This episode of The Real Estate Investing for CashFlow Podcast is joined by Omar Caraballo, CEO & Co-Founder of Arch Real Estate Holdings.

Omar's experience dates back to as far as he can remember. Born and raised in the RE development space, he has a long generational history of family in the business, spanning back to being mentored by his father.

With the growing advancement of blockchain technology and dozens of industries ripe for disruption however, Omar struck out on his own.

Arch Real Estate Holdings went on to become one of the first RE holding companies with assets digitized and exchanged using blockchain technology; one of the biggest benefits being immediate liquidity for a traditionally non-liquid asset class.

Omar goes on to elaborate and clarify what the blockchain is, how it's useful in the RE space, and why it's here to stay.

QUOTES:

"A lot of people associate blockchain with cryptocurrencies or bitcoin. But that's really just a very minor component."

"Blockchain is just a technology, like the internet. You can do all kinds of things with the internet, just like you can do all kinds of things with blockchain."

"You can now buy and sell private placement securities through blockchain security trading platforms."

"Puerto Rico is a hot opportunity zone for investors from all around the world."

HIGHLIGHTS

6:28 Omar's Background

11:42 What is the difference between blockchain technology and cryptocurrency?

14:11 How is blockchain technology integrated into Arch's business model?

22:11 What risks are associated with utilizing blockchain technology?

28:15 What area of RE does Arch specialize in?

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

https://archsecurities.com/

https://openfinance.io/

https://www.tzero.com/

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In this episode of the Real Estate Investing for Cash Flow Podcast, Kevin talks to real estate expert Ian Formigle. Ian is the vice president of investments at CrowdStreet, an online commercial real estate platform that helps diversify portfolios with institutional-quality, expertly reviewed, commercial real estate investments. He is also the author of the book “A Comprehensive Guide to Real Estate Investing”.

In this podcast, Ian shares how he got into the business as a multi family home investor. He talks about the 2008 financial crisis and gives some insights into what could have been done better. Ian explains what they do at CrowdStreet and breaks down the process of how they connect and work with sponsors and investors. He also differentiates between three ways investors can invest through CrowdStreet.

QUOTES:

“Just because something is going better than you think it could go, well maybe you should ask yourself what’s going on there because probably it’s unsustainable.”

“For every one hundred potential deals that show up on our doorstep, five of them actually make it onto the market place.”

“If we’re going to be in a deal, there has to be a relevancy there, nobody’s doing this for fun, we’re doing it because there is a product market fit between sponsor and investor at the end of the day.”

“So what we do is we give investors good tools to analyze and track their portfolio in their own dashboard and so that’s what the investors look in for, and so we are the communication infrastructure…”

“These days, we’re finding that the typical sponsor on the market place has started on average to over two billion dollar worth of deals, has been in multiple markets and has ten plus years of operating experience in the entity level.”

HIGHLIGHTS

6:46 Ian’s background

13:09 Ian explains how CrowdStreet operates

25:49 Long term projections and sensitivity controls

34:21 What the future looks like with crowdfunding

38:26 Three ways to invest via CrowdStreet

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

https://www.crowdstreet.com/

The Comprehensive Guide to Real Estate Investing by Ian Formigle (book)

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In this episode of Real Estate Investing for Cashflow, Kevin welcomes real estate and technology expert, Diane Vrkic. Diane is the founder and CEO of Waypoint, a platform whose mission is to build tools that let real estate owners and operators capitalize on their data and maximize performance of their teams and portfolios.

In the podcast, Diane talks about finding her calling in real estate while being a medical student and how she came to identify some problems in the way the business operates. Diane then gives a detailed outlook on how Waypoint works and how the platform’s operational services differ in terms of the client’s company size. She also shares some important values in Waypoint’s company culture and how their team is motivated.

QUOTES:

“What you really have to do is to find something that you really love doing, it can’t just be the idea of what you’re doing, it has to be the day-to-day..”

“What’s really interesting to me about real estate is that all the information is done manually, and it’s done on a one-off basis for individual assets, the information is not able to be leveraged in a meaningful way and the work kind of sucks.”

“When you have wonderful, exceptional people, you have to enable them to be thinking above and beyond, so that you’re continuously driving value in ways that your competitors are not.”

“Every investment professional needs to have all of the information about every one of their investments at their fingertips—they can do that within Waypoint, and then they can essentially have a system that’s also working to support some of the work around tracking, managing, identifying when things are not working according to plan, and just allowing for there to be a system that is essentially a record for the day-to-day performance management.”

“The common thread at Waypoint is that folks are really intrinsically motivated.”

HIGHLIGHTS

8:27 Diane’s background and how she got into real estate

17:01 What led Diane to found Waypoint?

27:03 How Waypoint works

32:34 The ideal client size for utilizing Waypoint’s services

37:32 Diane talks about company culture and hiring staff

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

https://waypointbuilding.com/

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In this episode of the Real Estate Investing For Cash Flow Podcast, Kevin brings in Andy Poticha. Andy is involved in the unique and independent niche of designing and building cannabis facilities across the country. His team has designed and built twenty different cannabis specific projects. 

Kevin and Andy dive into the topic of the cannabis industry and the unique nuances involving it. Andy shares how he got into the business and how this venture differs from the others. He also addresses certain challenges due to cannabis’ reputation and shares some insights about the industry’s rapid growth and what the future holds for his company’s niche in the business.

QUOTES:

“The judgement of the success of a project for us is solely based on the unqualified recommendation from our clients.” 

“We didn’t at the time ever think we were ever going to be a national business and lo and behold, new industry, new direction.” 

“Right now, medicinal cannabis is legal in thirty-three states and recreational cannabis is legal in ten.”  

“The reality of it is, our approach to this part of the business is really no different than anything else that we had done..” 

“We function so that our clients can go off and do what they do best, which is to continue to grow their business and acquire more licenses and so on. And we, with their input, can handle all of navigating the minefields of the construction part of it.” 

HIGHLIGHTS

6:17 Andy’s background and how he grew his company 

14:45 The current state of the Cannabis industry 

17:05 Andy talks about entering the niche and managing growth 

24:54 Challenges along the way 

29:05 Opportunities and getting into the space

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

https://cannabisfacility.net

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This episode of the Real Estate Investing for Cashflow podcast features real estate investment expert Mitch Stephen. Mitch started out buying manufactured homes in mobile home parks that he did not own and has been buying storage facilities for 28 years and currently owns 14 facilities in Texas.

Mitch talks about his background in mobile home parks and why he moved to self storage real estate. Kevin and Mitch dive into the economics behind storage real estate and Mitch’s unique niche in boat and RV storage facilities located in Canyon Lake, Texas. Mitch also talks about the risks and challenges in the business and how his company was able to survive the recession.

QUOTES:

“I read a book called Nothing Down by Robert Allen and that guy had the audacity to suggest that I didn’t need money to, you know...you could be broke and still be in the real estate game.”

“The entrepreneur rarely ends up with the business that he starts, he’s always morphing to the most money per least resistance.”

“Storages are a perfect way to occupy some very valuable land and get paid while the city is growing to it.”

“One thing you never want to say in the storage business is you’re full. If you’re full then your prices aren’t high enough.”

“The biggest challenge is water and making sure that the water runs off in the worst case scenario where you have 5 or 8 or 15 inches in a day that it’s not gonna override your drainage.”

HIGHLIGHTS

6:08 Mitch’s background

11:24 How and why Mitch ended up in storage real estate

18:04 Mitch talks about economics behind his storage businesses for boats and recreational vehicles

25:02 Challenges, mistakes and risks in the business

28:35 How the financial crisis affects the boat and RV storage facilities

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

Nothing Down by Robert Allen (book)

Forever Cash by Jack Bosch (book)

My Life & 1,000 Houses by Mitch Stephen (book)

Visit www.1000houses.com

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In this episode of the Real Estate Investing for Cashflow podcast, Kevin invites real estate expert Greg Dickerson. Greg is a serial entrepreneur, real estate developer and mentor. Over the past 20 years he has bought, developed and sold over $200 million in real estate, built and renovated hundreds of custom homes and commercial buildings and started 12 different companies from the ground up. 

Greg talks extensively about hotel real estate and shares a lot of information about the business, market selection, franchising and financing. Kevin and Greg give tips on how to apply one’s self and bring value into any business. Greg also shares a little bit about his inspiring work ethic which is undoubtedly a key to his success.

QUOTES:

“There’s no other way to get a gut feeling for the project than besides standing on the site, looking around, taking it in, I’ll visit at night, in the morning during the day, that’s how you do deals, that’s how the business happens— out in the field, on site, boots on the ground.”

“The metrics are the same wherever you go, the drivers for hotels are the same for multifamily in anything else you’ll need.”

“To this day, I do not guarantee debt, I do non-recourse loans.”

“What I do is I stay away from deals where I refinance is part of the business plan.

“The process starts with a vision, so it’s about being able to create a vision for a project and then leading a team to the finish line and getting that thing.” 

HIGHLIGHTS

4:26 Greg’s background

8:44 Greg talks about hotel real estate

14:11 Market selection, scalability and financing

19:47 Kevin and Greg talk about the financial crisis and mitigating risks

26:37 How to bring value to a business

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

Visit gregdickerson.com

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In this episode of the Real Estate Investing for Cashflow podcast, Kevin brings in self-storage expert, Scott Krone. With a solid background in architecture, Scott co-founded Coda Management Group, an international award-winning design firm which specializes in sustainable building practices.

Kevin and Scott dive into self-storage real estate, which has been Scott’s more prominent venture. Scott shares a lot of valuable information about the factors and challenges concerning self-storage and how to identify building candidates for potential adaptive reuse. He also explains other aspects of the market such as financing and some market strategies.

QUOTES:

“The best way to make money in real estate is through the development process because you can control the acquisition price, you can control a lot more from the front end rather than trying to work the numbers backwards.”

“The most important demographic that we look for is the amount of square footage of locker per capita.”

“To me, the biggest factor in self-storage is not if the market is going up or down but it’s how many other facilities are coming into my competition.”

“We’re looking for a building that’s as regular as possible so you don’t have any abnormal shapes or configurations that makes it difficult to put lockers in because the whole key to any building whether in self-storage, or apartments, or office is your efficiency and your rentable square footage.”

“If we can build and buy below what our competition is, then we have a competitive advantage in terms of what we have to charge in order to get people into the door.”

HIGHLIGHTS

5:55 Scott’s background in architecture and his first foray into self-storage

12:46 Scott talks about their business model and demographics to look out for

17:40 Other factors and challenges in converting buildings to self-storage

21:30 What is PACE financing?

24:02 More common forms of adaptive reuse of buildings

30:07 Scott shares his longterm strategy

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

Download our Cost Segregation Study

Visit www.codamg.com

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This episode of the Real Estate Investing for Cashflow podcast features real estate expert Michael Finch. Michael has been in the real estate business for sixteen years and he founded SFRhub advisors which is the leading SVN commercial real estate brokerage with a focus on single family rental portfolios and build-for-rent investment portfolios.  

Michael explains what they do at SFRhub and talk about the management of intermingling portfolios and how they have evolved over the years. He also explains what built-for-rent is and all other aspects related to its development and business model. Kevin and Michael also trade perspectives on single and multi-family rental portfolios, the advantages,  disadvantages and the strategies involved in investing in either space.

QUOTES:

“We really have two divisions here at SFR hub, one is for built-for-rent new construction homes and the other is the existing single family portfolio homes.”

“Every portfolio that comes in to our system, not only are we analyzing it from a evaluation standpoint, we utilize the number one AVN (automation valuation model)… but what we do that takes it even a step further is we pull in multiple data sources, we built in some AI in the background to red-flag some discrepancies.”

“I’ve talked to some built-for-rent developers that have been doing this for a while and the recent quote from one said that thirty percent of his tenants have stayed for nine years when he’s built some of these communities, you know, back in 2009-2010 and he’ still got original tenants in some of them..”

“The biggest inefficiency in the single family world is that when there’s issues, the homes are scattered around and you do have more rooftops than one building or two all in one spot but on the flip-side, you have typically greater appreciation in good markets because single family homes appreciate at a higher rate than a multifamily apartment building typically does.” 

HIGHLIGHTS

5:40 Michael’s shares his background leading up to founding SFRhub

12:12 Different investment portfolios and how they’re managed

17:07 What prompted SFRhub and how does it work

26:10 What kind of financing is available for these portfolios?

31:50 What is Built-for-rent?

40:40 Single versus multi-family home investment

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

Download our Cost Segregation Study

Visit www.engineeredtaxservices.com

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In this episode of the Real Estate Investing for Cashflow podcast, Kevin, along with his business partner at Sunrise Capital, Brian Spear, talk cost segregation with Kimberly Lochridge. Kimberly is the Executive Vice President for Engineered Tax Services, Inc. (ETS), an industry-leading provider of specialty tax services in the United States. Kimberly’s business management skills have positioned her as a big-league tax expert for Fortune 500, ultra-high net worth individuals, single and multiple family offices, architects, engineers, and CPAs nationwide.

In this informative conversation, Kimberly explains what cost segregation is and how it can help businesses. She also answers frequently asked questions asked by Brian to separate fact from myth surrounding cost segregation. The guests also present and discuss a case study to further shed light on how cost segregation works and tackle other topics pertinent to this business practice.

QUOTES:

“The difference between the 1040 and a 1040 EV is that the EV is the straight line or what you call the standard deductions and your 1040 is the itemized deductions, well, cost segregation is the 1040 for real estate..”

“Essentially when you sell a building, you’re taking what you sold it for minus whatever the purchase price was, which is your gain, but you also have to add in to that gain your accumulated depreciation.”

“There are different types of cost segregation studies and as you dig into this, you’ll have engineered based cost segregation and that’s where we actually rebuild the property from the ground up.”

“I think of the CPA as the family practice doctor and EPS is the brain surgeon.”

“When working with a third party property management company, you need to ensure that they have the information at the ready so that when they do those capital expenditures and do those capital improvements on your behalf, they’re actually handling the depreciation appropriately.”

HIGHLIGHTS

4:20 Kimberly’s background

7:54 Kimberly explains cost segregation

11:13 FAQs about cost segregation

26:14 Brian and Kimberly tackle a case study

37:14 What is the DEERA report?

Job Opportunities with my Team: Click Here

Recommended Resources:

Check out our company and our partnership opportunities by visiting SunriseCapitalInvestors.com

Would you like to partner with us on future MHP deals, call 844-CASH-FLW to learn more or click here to schedule a time on our calendar.

Grab a free copy of our book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them click here

Download our Cost Segregation Case Study

Visit www.engineeredtaxservices.com

Review and Subscribe