Real Estate Investing for Cash Flow with Kevin Bupp

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 SVN | 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 SVN | SFRhub Advisors 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

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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
• 23:14 Brian and Kimberly tackle a case study
• 33:31 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 Study
• Visit www.engineeredtaxservices.com

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In this episode of the Real Estate Investing for Cashflow podcast, Kevin welcomes real estate investment and self-storage expert, Bill Barnhill. Bill is the president of Omega Properties, Inc; a commercial real estate management and brokerage firm based in Mobile, Alabama. He has over 41 years of experience in the commercial real estate business and has specialized in self-storage for the last 24 years, having brokered over 200 million in self storage transactions.

Bill gives some in depth knowledge as well as some statics about the self storage business. He and Kevin talk about managing self-storage on site and off site and the strategy of buying mismanaged storage facilities. They also discuss consolidations in the market, emerging technology and the future of the business.

QUOTES:

"So storage has a lot of benefits I think, it's lower maintenance, and one nice thing is you can raise your rent, they put a 30 day notice unlike a lot of other sectors in real estate, it's a growing industry."

"Americans have a lot of things and they don't want to get rid of them, you inherit them, then you store them."

"You want to study that particular market, and what you're looking for is a certain population, a lot of houses and an area where it's growing, might be where there's new jobs being created."

"The main mistake I see they [mom-and-pop owners] are making, is they would rather be 95% occupied at a lower rent than be 80% occupied and have a higher rent, they think full is better but what's better is more income."

"28% of millennials use storage."

HIGHLIGHTS

• 7:21 Bill's background
• 12:20 Kevin and Bill talk about fundamentals of the self-storage business
• 18:17 Opportunities in mismanaged facilities
• 30:02 Consolidations and the remaining mom-and-pop facilities
• 34:04 Technology and management
• 46:15 Storage wars and treasure seekers

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 Omega Properties' Website

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In this episode of the Real Estate Investing for Cashflow podcast, Kevin welcomes co-living expert Ellen Parry. Ellen is the director of real estate partnerships at Ollie, an all inclusive co-living setup that use small space design techniques to reduce entry level price points for class A apartments. Residents in Ollie-owned properties enjoy fully furnished units and complimentary hotel style conveniences.

Kevin and Ellen discuss the booming business of co-living, especially in urban America. Ellen talks about many different aspects of co-living real estate and the future of micro-living development in the residential sector.

QUOTES:

"Looking at the housing market, we realized that there's this real mismatch between the multi family units that are available, and what people can afford primarily, and also what young professionals living and working in the city wanted to consume in terms of their lifestyle."

"There's this insight that a lot of multifamily that has been constructed over the last fifty years in the US is repeating the same model that may have worked in that era but isn't evolving and reacting to what urban life in America actually looks like today and what people really need."

"They don't notice that their bedrooms are a little bit smaller than it might have been elsewhere because the functionality is what they're getting."

"It's challenging to convert commercial spaces in to co-living but we're now starting to test some prototypes that could evolve that model."

"If the studios seem to be in higher demand than other unit types, that's a really good indicator because that tells you that there's people who need these more efficient lifestyle solutions."

HIGHLIGHTS

• 5:29 Ellen explains co-living and Ollie
• 9:26 What is the price to privacy spectrum
• 10:57 Who is the typical demographic?
• 15:20 Ollie's projects
• 28:00 Matching process in shared units

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 Ollie.co

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In this episode of the Real Estate Investing for Cash Flow podcast, Kevin welcomes real estate investment and construction expert, Ira Singer. With over twenty years of experience in construction, Ira is currently the principal of Mosaic construction and he is involved in new business development, estimating, construction, production, project management of trade partner and vendor relationships.

Ira talks about Mosaic Construction and shares the 'secret sauce' in how his team successfully expanded their market by molding their philosophy, being visible to the community and building relationships then communicating their story effectively.

QUOTES:

"We prefer the design-build methodology, it helps the client, it helps the management team, it helps everybody streamline the construction process which how it all comes together for Mosaic Construction."

"The mosaic way is open communication, transparency, close the loop and when you're doing that in construction and you have clients that understand the value of that so they don't have to babysit the project, they can focus on their investment and their next deals…"

"We're really good at building relationships and working in the community, and having an impeccable reputation. That really helps."

"We have a branding and sales marketing consultant that work with us to make sure that we have a healthy culture, that our team understands what we're trying to accomplish out there everyday."

"Our construction partner is key, and I don't think there's a tremendous amount of decision-making to bring that person early on in the process, when we've pre-walked the final two or three assets that are being considered so we can help with the due diligence process and create real numbers for various components for construction. That's what a good construction partner will do."

HIGHLIGHTS

• 5:36 Ira's background
  
  
• 9:24 How Mosaic Construction work with clients
  
  
• 12:41 How Mosaic expanded into a national level
  
  
• 18:09 Asset types that Mosaic is more focused on
  
  
• 21:20 How did Mosaic survive at the time of the housing crash?
  
  
• 28:24 Mosaic's transparency
  
  
• 33:04 Merging Ira's window company with Mosaic

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 MosaicConstruction.net

Review and Subscribe