Real Insights

Gail McCarthy, real estate investor and industry coach explains the best time to visit a property, why you should try to see a property before a purchase and sale agreement, running the numbers in this multifamily apartment business, why you can't afford to fly for every LOI you receive, action steps to take prior to purchase and sale, how to manage your assets once your money is in "cash flow" on a group of properties, and how to judge building materials for B and C property classes.

Gail McCarthy is a RE Mentor Business Accelerator and Mentor. She has been a key principal and asset manager for 13 years, acquiring approximately 300 multifamily and storage units in Alabama and New Hampshire. Her experience includes market research, financial analysis, due diligence, acquisitions, and asset management. Her role is typically to take the lead with lenders, attorneys and accountants. Gail also has experience in hard money lending and single family fix/flips. She owns an independent real estate brokerage in New Hampshire. Her specialty is mentoring real estate investors across the US and Canada.  

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Here are the best ways to help you guys expand on your real estate careers, business acceleration techniques, real estate deals in Alabama, New Hampshire, and all across the country.  Jermaine brings on a top real estate coach and investor — *Gail McCarthy and multifamily expert Doug Steadman from Trinity Multifamily. 

They go deep discussing a deal involving 350 units in Atlanta, takeover priorities on a property, getting your hands on the rent roll, and how to show some love on a new property without going broke.

*WHO IS GAIL?

Gail McCarthy is a RE Mentor Business Accelerator and Mentor. She has been a key principal and asset manager for 13 years, acquiring approximately 300 multifamily and storage units in Alabama and New Hampshire. Her experience includes market research, financial analysis, due diligence, acquisitions, and asset management. Her role is typically to take the lead with lenders, attorneys and accountants. Gail also has experience in hard money lending and single family fix/flips. She owns an independent real estate brokerage in New Hampshire. Her specialty is mentoring real estate investors across the US and Canada.  

She is joined by Doug Steadman from Trinity Multi-Family 

Who needs 10X when you have Deal Lab? New new monthly membership with constantly updated investor resources, latest real estate trends, mind blowing case studies, and a portal to connect with real estate professionals.

Go to rementor.com/pop to start your $1 trial today

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Today, we learn how recognizing how a rehab can be worth the effort; especially on a multi-family real estate deal worth $65 million. 

Let's look at rents and opportunities. By the way, keep this in mind: Location, location, location!!!

Michael Flaherty is the Founder and Managing Partner of L5 Real Estate Investments.  Throughout his career, Mike has been involved in the ownership, development and entitlements of more than 200 commercial and residential properties nationwide, valued at over $1 billion – including multi-family, resort, hospitality, office, retail and large master-planned residential communities.   

He has worked internationally and domestically for Lend Lease, British Petroleum and Toll Brothers.  His passion for multi-family investment performance is based on his niche for detailed due diligence, market analysis and acquisition of value-add opportunities.  Mike actively participates in all acquisitions and management of L5 assets.

Prior to founding L5, Mike was a Partner with Cardinal Real Investments, where the focus was on the astute repositioning and development of residential and commercial real estate in Los Angeles and New York City.  This included the repositioning of a $29 million office building and an $18 million mixed-use development.​

Mike also takes us through the critical dates associated with being under contract with a seller, dealing with rights to earnest money deposits, and he explains how there is so much to follow along the due diligence path that that is necessary to take specific steps, and he provides strategies to navigate this process.


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Mike Flaherty* joins us from L5 Investments to answer questions about Due Diligence, the Closing Process and Raising Money. 

*Michael Flaherty is the Founder and Managing Partner of L5 Real Estate Investments.  Throughout his career, Mike has been involved in the ownership, development and entitlements of more than 200 commercial and residential properties nationwide, valued at over $1 billion – including multi-family, resort, hospitality, office, retail and large master-planned residential communities.   

He has worked internationally and domestically for Lend Lease, British Petroleum and Toll Brothers.  His passion for multi-family investment performance is based on his niche for detailed due diligence, market analysis and acquisition of value-add opportunities.  Mike actively participates in all acquisitions and management of L5 assets.

Prior to founding L5, Mike was a Partner with Cardinal Real Investments, where the focus was on the astute repositioning and development of residential and commercial real estate in Los Angeles and New York City.  This included the repositioning of a $29 million office building and an $18 million mixed-use development.​

Mike also takes us through the critical dates associated with being under contract with a seller, dealing with rights to earnest money deposits, and he explains how there is so much to follow along the due diligence path that that is necessary to take specific steps, and he provides strategies to navigate this process.

Mentioned on the show, a free book

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Dealing with those banks that insert "bad boy clauses" into their non-recourse loans, when investors are at risk in bank deals, and when/if things go wrong what LLC protections does property owners and your investors have...

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The cardinal rules of LOIs, dealing with "fractured Condos," trade stories, and contract analysis.

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“Don’t take on risks just to get a deal."

Bob Bowman, our Business Partner and “Jack Of All Trades” is here about all things #realestate including multifamily, commercial real estate, student housing, and retail property strategies and opportunities.

He discusses how to follow the business model, not disrupt your property deals, the real estate boom in the Southeast, and tenant-in-common issues.

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If you’re in a good market, tips on how to improve your business relationships.

Revisiting that secret weapon called, “The Holy Trinity of Real Estate.”

Name 3 things you can get at #UP2019? Networking opportunities, fantastic insight and information from active investors.

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Opinions on opportunity zones, getting funding for these zones, looking into these opportunities, following the correct trends with your money, time table to get interested investors, sales techniques to get investor interests, and why some deals are a “trial by fire.”

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Brew some coffee, write that memo, close that deal, and then let's get down to business...

On this episode:

*Never Have Vacant Retail Spaces On The Property
*Pocket Listings and Off-Market Ideas
*Develop Broker Relationships
*One Of Our Students Becomes A Father
*Why You Shouldn't Work With Buyer-Brokers

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