Real Estate Investing for Cash Flow with Kevin Bupp

Today's show features Craig Berger, Founder and CEO of Avid Realty Partners, a commercial realty firm focused on hotel and multi-family apartment assets.

Craig speaks about how he scaled up his company, the challenges he faced along the way, and the successes he enjoyed with his business model.Quotes:

"It's a less efficient market. It's harder to sell a hotel asset than it is a multi-family asset."

"We were on our downside scenarios. If we lose revenues 30%, how long will our cash last before we're in trouble? If revenues drop 20%, how long does our cash last before we're in trouble?"

"A lot of people don't want to own anymore so the underlying trends and demographics still are very favorably for the multi-family sector. But the prices continue to make me nervous."

"First of all, I'd say, find some good mentors. That's always important. Find some talented people to work with that are willing to work with you."

"Find your passion. Find your inspiration and reach for the stars. You gotta go for it."

"Have cash on hand. Protect yourself. Be willing to make mistakes but hopefully not fatal ones. And make sure you're measuring the downside, the recession scenario, and how long you're going to be able to survive if business shrinks 5%, 10%, 15% from current levels."

"Take some Excel classes. Try to get a basic model out for your revenues and expenses. If revenues shrink 10%, expenses don't."

Discussed in this Episode:

• Introduction to Craig Berger and his background
• Evolution of Craig's business
• How Craig Hedges against risk
• Deals that didn't go as planned
• Advice that Craig would give himself 4 years ago 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 Avid Realty Partner's Website

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This Episode of The Real Estate Investing for Cash Flow Podcast features Bryan Davison of EquiAlt; a specialized investment management firm.

Bryan gives some valuable insights on running a real estate business. He dives into the advantages of the no leverage approach to business, the culture at EquiAlt and the types of investments and investors he deals with.

Kevin and Brian's discussion provides valuable tips and insights on hiring, choosing asset classes, property management and even provides inspiration based from personal experiences, from dealing with the recession to current market conditions.

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Quotes:

"Pain is one of the greatest teachers in life."

"I wasn't gonna believe the banks, I wasn't gonna believe Wall Street anymore and I wanted to do everything I could to dissociate myself personally and the money business from ever needing Wall Street bank money again."

"All my investors do not have a direct interest in the investment, so that allows me complete management discretion.. If that doesn't work for someone, it doesn't work for me either."

"I really hire for talent and personality, not exactly the specific job skill set."

"They like EquiAlt products simply because they see us as more stable and we can be a little more transparent with them."

"When I buy something, I plan on having it for a while."

Discussed In This Episode:

• How Kevin & Brian bounced back after the housing crash
• Bryan's business structure
• Asset classes and how Bryan makes his decisions
• Bryan discusses the markets he is in
• Bryan explains the type of investors he works with
• Bryan's take on Property Management
• How the economy has healed 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 EquiAlt's Website

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This episode of the REIFCF podcast features real estate investment expert, Ellie Perlman, who is the founder and CEO of Blue Lake Capital, a firm that specializes on multifamily properties. She also runs a podcast and a blog that focuses on passive investing.

Kevin and Ellie discuss valuable data and tips for anyone looking to invest or further a career in real estate. They dive into the current market conditions and creative practices and relate those with their own experiences that could give the listener fresh insights into real estate and investment.

QUOTES:

"The better syndicators have the capacity and the willingness to sit down with you and explain concepts."

"Once I understood that real estate investing was my path, then that was it. And for me it was moving forward in full speed."

"I just had this desire of being the general of my own path. I wanted to create something that [my kids can inherit] and build a legacy."

"For a market to be a solid market, it has to have a job growth, population growth and rent growth and those are all connected."

"Seeing the prices that other companies pay for real estate and that scares me because it's definitely going to affect the market going forward and it affects it already. I'm losing deals to companies that bid higher than me and I mean they're either very comfortable with a lot lower returns but mainly they're being a little too optimistic than they should be."

"The vast majority of passive investors don't look at the exit cap rate and they don't ask about it."

"You see other folks who got very nice marketing materials but if you really dig into how they they're arriving at those overall projections, or the IRR's that they're stating, you gotta understand the components that make that up. And the exit cap is one of the primary components that ultimately determine what the range looks like and what it might look like for the investor. "

"Building credibility is an art. You need to follow up with them for every deal that you're looking into and explain to them why a certain deal didn't work out. "

HIGHLIGHTS

08:06 Overview of Ellie started her career in law and transitioned to real estate before 2007

11:00 Kevin and Ellie talk about the knowledge that can be learned from being a passive investor.

13:40 The advantages of being on the general partnership side and the relationship of lender and investor.

15:40 Ellie's transitions between job positions and the climactic shift in her career

18:20 Talk on ways to learn how to handle your own and other people's money.

20:29 Ellie explains why she chose states where she invested in and what factored into her decisions.

22:45 Discussion on new and current opportunities and their IRR's.

30:06 The current market and what is exciting and scary about it.

32:10 Kevin and Ellie talk about cap rates and how it factors into investments.

37:10 Ellie discusses deal sourcing and advises inexperienced people on how to potentially start out in real estate.

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 Blue Lake Capital's Website

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Without access to a high net worth individual or family office, are you out of options to syndicate real estate deals? Not quite. In fact, Scott Maurer of Advanta IRA knows of a method to solicit funding from the untapped trillions locked away in the average American's retirement accounts; via a self-directed IRA. In this episode, Kevin and Scott discuss the self-directed IRA as a vehicle for average investors to purchase real estate using their IRA funds; converting their traditional IRA into a structure that is allowed to invest in assets outside the confines of the stock market.

HIGHLIGHTS: [6:58] What is Scott's Background? [9:23] Why are self-directed IRAs rare? What can you do with one? [15:35] Pros & Cons of investing in RE through an IRA structure. [21:32] What's the advantages of working with Advanta? [24:48] How to raise capital from self-directed IRA account holders. [32:01] Closing thoughts.

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 Advanta IRA's website

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In this episode of the Real Estate Investing for Cashflow Podcast, Kevin shares the mic with Family Office Expert DJ Van Keuren. DJ's long investment career started as an advisor in the 90's. After selling his practice and traveling for a number of years, DJ came back to the USA with the clear vision that real estate is what he really wanted to do. He then started the American Dream Fund, which was planned to be the first Single Family REIT before selling the portfolio right before the market downturn of '08. Due to happenstance, DJ is now a Vice President for the Hayman Family Office, the Single Family Office of the Hayman Family who was the founder of Giorgio Perfume; where he is responsible for family office capital and the real estate activities which support Hayman Properties. HIGHLIGHTS: [2:29] DJ's Background [6:33] What is DJ's role in the Family Office? [14:20] What does the relationship between a family office and an RE investor look like? [24:32] What market risk does DJ see that can cause a correction in the next 12 months? [37:12] Closing Thoughts

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 DJ's Site Here

Review and Subscribe