Reading the markets and benefiting from both ups and downturns requires a ton of experience and vast knowledge of the real estate market. With over 30 years of entrepreneurial experience and success in business operations and real estate management, today’s guest, Michael Hananel, is the perfect person to walk us through the cycles of success of real estate, so that you can make the most of your next property venture. Michael is the CEO of Strategic Growth Real Estate – a commercial real estate, brokerage, investment, and property management firm that he founded in Los Angeles in 2012 – and he begins by sharing all the details behind his decision to invest in Buffalo. Our conversation explores the possible future of real estate in America, what a financial crisis could mean for the market, how rates could be affected in the next five years, and what potential investors and owners should be considering before their next buy. To end, Michael identifies what makes a great property manager, how to find one for yourself, and the role of AI in the future of property management. 

Key Points From This Episode:

• Michael Hananel’s professional background, and the work of Strategic Growth Real Estate. 
• Why he was blown away when he began investing in Buffalo. 
• Predicting the future of the real estate market, and Michael’s thoughts on rates. 
• The characteristics of a great property management company, and how to find one. 
• Understanding the role of AI in the future of property management. 

Links Mentioned in Today’s Episode:

Michael Hananel on LinkedIn

Strategic Growth Real Estate  

Yardi

AppFolio

ShowMojo

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Join your host, Gary Lipsky, for the special 200th episode of the Real Estate Investor Podcast! Over the past four years, we've featured amazing guests discussing a wide range of topics, including KPIs, disposition, downside protection, insurance, raising capital, business plan execution, construction management, exit plans, and much more. Our guests have included economists like Dr. Peter Linneman, lenders, lawyers, operators, and even a functional medicine practitioner because of his firm belief that health is wealth. We've also welcomed a former pro skater, a UFC fighter, a fireman, and men and women who have served our country. Tune in for this special episode featuring recaps and takeaways from the last four years of the podcast. Thanks for listening!

Key Points From This Episode:

• What’s in stall for our special 200th episode of the Real Estate Investor Podcast.
• Gary digs into some of the biggest takeaways from the podcast over the years.
• How the podcast has changed since its conception during the COVID-19 shutdown in 2020.
• Lessons learned over the past four years. 

Links Mentioned in Today’s Episode:

Peter Linneman on LinkedIn

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Are you curious about how to successfully sell a property in a challenging market? In this episode of the Real Estate Investor Podcast, host Gary Lipsky of Break of Day Capital delves into the complexities and strategic decisions involved in selling a real estate deal amidst fluctuating interest rates and economic uncertainty. Gary shares his experience of opting to sell a student housing property in Tucson instead of refinancing it, detailing the meticulous process from initial consideration to closing the deal. Tune in to learn how investor feedback, market conditions, and thorough due diligence play crucial roles in making successful real estate transactions. Let’s dive into the ins and outs of selling a deal in today's market!

Key Points From This Episode:

• Current market challenges and the impact of interest rates on property values.
• The importance of investor feedback in decision-making.
• How they chose what they believed was the best option out there.
• A shoutout to everyone who helped make this deal possible.
• Background on the student housing property in Tucson at the heart of this deal.
• How to conduct extensive due diligence, including property tours and navigating city permits.
• Value-add strategies: Leasing adjustments, dividing units, and utility billing.
• Rebranding to attract the desired tenant demographic.
• Installing solar panels and its financial implications.
• Ongoing operational challenges like occupancy fluctuations and maintenance.
• The outcome: a successful sale providing solid returns for investors.

Links Mentioned in Today’s Episode:

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Cost segregation is a tax deferral strategy that can be extremely beneficial for investors when done correctly. Jeffrey Shilling is a Principal Partner at Pacific Cost Segregation, and he joins us today to explain what a cost segregation company is and what it does for its clients. In this episode, you’ll learn how The Tax Relief for American Families and Workers Act of 2024 affects cost segregation, how to find the right cost segregation company to work with, how to know when it’s time for a cost segregation report, and the important cost segregation rules and deadlines to be aware of. You’ll also discover why cost segregation is the ultimate tax deferral strategy before Jeff walks us through the correlation between a cost segregation and a 1031 exchange, plus so much more! For your comprehensive guide to cost segregation, be sure to tune in today! 

Key Points From This Episode:

• Jeff details his professional journey and the work that he currently does.  
• The duties of a cost segregation company. 
• What we can learn from The Tax Relief for American Families and Workers Act of 2024. 
• How to vet and find the right cost segregation agency for you. 
• Understanding when it’s the right time to push for cost segregation. 
• Whether the length of time that a property is held for influences cost segregation viability.
• Cost segregation deadlines to be aware of (not to fear).
• The ultimate tax deferral strategy and other need-to-know facts about cost segregation. 
• Cost segregation and 1031s.

Links Mentioned in Today’s Episode:

Jeffrey Shilling on LinkedIn

Pacific Cost Segregation 

American Society of Cost Segregation Professionals  

The Tax Relief for American Families and Workers Act of 2024

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

You don’t have to be the best or the smartest to succeed in the real-estate world, you just have to put your ego aside and be open to learning from those smarter than you. Today we are joined by hotelier, Matt Aitchison to discuss mindset and vision! Matt is a speaker, real estate investor, spirits investor, and podcast host who has found success through his incredible mindset. In this episode, you’ll hear all about Matt’s career, how he makes his investment decisions, where his value-add mindset came from, and why you need to be open to learning every single day. We delve into his new hospitality ventures before Matt shares why you cannot let fear hold you back. To hear all this and even learn about Matt’s likability formula, tune into the Real Estate Investor Podcast now!

Key Points From This Episode:

• An introduction to today’s guest, Matt Aitchison. 
• Matt tells us about himself and what he does. 
• How he got into hotels and how he decides what to invest in and when. 
• Where Matt developed his value-add mindset. 
• The importance of putting your ego aside and being open to learning every single day. 
• Matt shares his likability formula. 
• His new hospitality venture in the distillery business. 
• The importance of owning something in order to achieve financial freedom. 
• Why you cannot let fear hold you back. 

Links Mentioned in Today’s Episode:

Matt Aitchison

Matt Aitchison Linktree

Matt Aitchison on LinkedIn

Matt Aitchison on X

Matt Aitchison on Facebook

Matt Aitchison on Instagram

Imagos Group

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

The modern investment landscape is extremely dynamic and ever-evolving. With so many options available, it’s easy for investors to get overwhelmed! Today, we are joined by Joe Fang and Adam Dresher from our Break of Day Capital Team, who return to the podcast to talk about investment funds. What are they? What are the features and advantages of fund investment? What are the best funds to invest in? Joe and Adam answer these questions and many more in this comprehensive beginner's guide to investing in funds. Tune in today for practical advice, best-practice investment strategies, and to find out about the exciting passive investment opportunities offered by Break of Day Capital!

Key Points From This Episode:

• What a fund is and well-known examples of them, including ETFs and hedge funds.
• Benefits of investing passively in a private equity real estate fund.
• Common misconceptions about passive investment in real estate.
• Finance 101: understanding the difference between debt and equity.
• Different funds offered by Break of Day Capital.
• Best-practice strategies for investors to adopt.
• How to get in touch with Joe and Adam to learn more!

Links Mentioned in Today’s Episode:

Joseph Fang on LinkedIn

Email Joseph Fang

Call Joseph Fang

Adam Dresher on LinkedIn

Email Adam Dresher

Call Adam Dresher

BODC Multifamily Impact Fund

BODC Preferred Income Fund

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

In this episode, we sit down with Brian Davis, a real estate investor, personal finance writer, and Co-Founder of SparkRental, to unpack the idea of financial independence and steps to living the lifestyle you have always wanted. Brian is a seasoned rental industry expert, driven by his passion for helping others achieve their aspirations of generating passive income. SparkRental is a comprehensive platform and resource hub for real estate investors. It aims to guide investors through the intricacies of real estate investing and provide them with the support and resources needed to succeed in their investment journey. In our conversation, we discuss his accidental path into real estate, how he founded SparkRental, and how he transitioned from active to passive investing. Discover the steps to reach financial independence, common misconceptions about it, and why you don’t need it to have your dream lifestyle. We delve into house hacking tips to reduce expenses, pragmatic strategies for generating passive income, the importance of accurately forecasting cash flow, hidden real estate costs, and more. Join us as we reframe the concept of financial independence and find out why achieving it is easier than you might think. Tune in now!

Key Points From This Episode:

• Brian's journey into real estate investing and the founding of Spark Rental.
• Hear about the evolution of Spark Rental into a co-investing club.
• Learn what financial independence is and the strategies to achieve it.
• How he helps people overcome the mental hurdles of passive investing.
• Examples of lifestyle changes that can significantly reduce living expenses.
• The Importance of accurately forecasting cash flow in real estate.
• Why understanding hidden expenses in real estate investing is essential.
• Find out how to get in contact with Brian to start your investment journey.

Links Mentioned in Today’s Episode:

Brian Davis on LinkedIn

Brian Davis Email

SparkRental

SparkRental on Instagram

SparkRental on X

SparkRental on Facebook

BiggerPockets

Inman

Best Ever CRE

REtipster

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

When it comes to investing, the Southern California (SoCal) market is the industry’s current hot topic! SoCal is a unique market and with the right investments, it can be extremely lucrative over longer periods. Anthony Walker is a master of investing in SoCal, and he joins us today in his capacity as Managing Broker and CEO of Buckingham Investments, Inc. In his tenure at the company, Anthony has presided over more than one billion dollars in sales, and he uses his gained expertise to explain the investment opportunities that await in SoCal and why this market stands out from the rest. We also discuss the role of accessory dwelling units in combating the country’s housing crisis, what Anthony wishes he knew when beginning his real estate journey, and everything you need to know to make a great investment in Southern California.  

Key Points From This Episode:

• Anthony Walker’s professional background and the work he does at Buckingham Investments.
• Why Buckingham Investments is your go-to investment broker. 
• Investment opportunities in Southern California, and what makes this market unique. 
• Assessing SoCal’s housing crisis and the role of accessory dwelling units (ADUs). 
• Everything you need to know to make a good investment in SoCal. 
• The information that Anthony wishes he had when he started in real estate investing. 

Links Mentioned in Today’s Episode:

Anthony Walker on LinkedIn

Anthony Walker on Instagram

Anthony Walker on X

Buckingham Investments

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Real estate may be a great investment, but like all great things, it still comes with a fair share of risk. To walk us through some methods for mitigating risk in real estate investing, we are joined once again by the multifamily and apartment investing expert, Charles Carillo. Charles is a Managing Partner at Harborside Partners and is also the host of the company’s podcast, Global Investors. In today’s conversation, we hear about what Charles learned after buying his first property, how he vets deals, markets, and sponsors, his tips and tricks for mitigating risk, and his secret recipe for success, plus much more!

Key Points From This Episode:

• Charles walks us through his background and the work he’s currently involved in.
• The biggest lessons he learned from his first real estate purchase. 
• How he chooses which deals, markets, and sponsors to focus on.
• His methods for mitigating risk in real estate investing. 
• The keys to his success in real estate. 
• How to connect with Charles and Harborside Partners.

Links Mentioned in Today’s Episode:

Charles Carillo

Charles Carillo on LinkedIn

Charles Carillo on X

Charles Carillo on Instagram

Charles Carillo on Facebook

Harborside Partners 

Harborside Partners on YouTube 

Global Investors Podcast

Syndication Superstars  

‘Episode #49: Working with International Investors with Charles Carillo’

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn

Deciding who to invest your money with is a huge undertaking and with so many people entering the field of real estate investment, it’s more difficult than ever to know if someone is the right choice for you. Today, Gary Lipsky is joined by his colleagues from Break of Day Capital, Joseph Fang and Adam Dresher, for an informative discussion on the top ten things to look for in an operator so that you can make the best possible investment choices. Join the Break of Day Capital team as they unpack each of these points and how to implement them, from the number one question you should always ask your operator to the steps that will help you determine whether they are backed by a solid management team. Find out why transparency is essential, how to ask the tough questions, why your operator should be just as invested in your financial goals as you are, and much more. Join us today to learn exactly what you should look for in an operator so that you can feel secure in your next investment decision!

Key Points From This Episode:

• An introduction to today’s topic: Top 10 Things to Look for in an Operator.
• Why you should always ask how much money an operator has invested in a deal.
• Key things you need to look for when it comes to an operator’s track record.
• How to dig in on the numbers upon being presented with a deal.
• When to ask tough questions regarding cash flow, reserves, and distributions.
• What you need to know regarding your operator’s market criteria.
• How to make sure your operator is backed by a solid management team.
• Why transparency is essential when it comes to your investments.
• How to thoroughly research an operator and do your due diligence.
• Why your operator should be just as invested in your financial goals as you are.
• Key distinctions between an operator and a syndicator.
• Learn more with the Break of Day Capital Webinar, Evaluating The Sponsor.

Links Mentioned in Today’s Episode:

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Break of Day Capital Webinar: Evaluating The Sponsor

Adam Dreshser on LinkedIn

Adam Dresher email

Phone Adam on 602-529-2056

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn