Small Axe Podcast: Multifamily Real Estate | Buy Buildings, Build Empires

Welcome to the world of real estate investing with the latest episode of the Small Axe Podcast! Join Nico Salgado in a captivating conversation with Eric Tomei, the powerhouse behind Top Point Investments. In this episode, Eric opens up about his journey from the healthcare sector to becoming a real estate sensation, having flipped an astonishing 125 homes! Tune in as they delve into their recent collaboration on a remarkable 72-unit new build project alongside Sharp Line Equity. Eric candidly discusses the ups and downs of the real estate industry, revealing his transition away from house flipping. The conversation also delves into the emotional rollercoaster of investing, where the demands of a W-2 job collide with the responsibilities of family life. 

Here's a breakdown of what to expect in this episode: Eric’s Journey into Multifamily Real Estate Importance of Networking and Meetups in Real Estate Eric's Insights on Current Real Estate Market Conditions Selectivity in Real Estate Deal Selection Eric's Future Plans and Passion for Real Estate And so much more!

About Eric Tomei:  Eric Tomasi is a multifaceted individual with a background in healthcare and a passion for real estate. Professionally, he works as a physical therapist, offering care to patients in a demanding W-2 job. However, he is eager to transition away from this role and further explore his real estate ambitions. Beyond his career in healthcare, Eric is also a published author, having penned a book that delves into his personal experiences, particularly the journey of coping with the loss of his father. This literary venture served as a cathartic process, helping him find closure in that chapter of his life.

Connect with Eric Tomei on… Website: https://toppointinvestments.com/ Facebook: https://www.facebook.com/eric.tomei/ LinkedIn: https://www.linkedin.com/in/eric-tomei-1698664/

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Step into the latest Small Axe Podcast episode! Join Nico Salgado and his special guest, the resilient Mike Taravella, as they unravel his journey from CPA to real estate mogul. From two Michigan single-family homes to a $100 million asset empire with Quantum Capital, Mike shares insights on quick execution and adaptability in today's real estate world. Discover their recent deals, partnerships, and operational hurdles while celebrating the grit of real estate general partners. 

Here's a breakdown of what to expect in this episode: Navigating Real Estate Investments in a Rising Interest Rate Environment Strategies for Successful Real Estate Investing in Today's Market The Future of Real Estate: Insights and Outlook Competing with High-Yield Savings Accounts: Real Estate vs. Traditional Investments Living a Fulfilling Life And so much more!

About Mike Taravella: Mike is the Asset Manager at Rand Partners where he is responsible for overseeing over $100M assets under management and has acquired over $15M in commercial real estate. Mike collaborates with Rand’s vertically integrated property management team to ensure the execution of the portfolio’s business plan. Mike is actively pursuing new opportunities within the market and developing relationship with investor basis.

Connect with Mike Taravella on… Website: https://www.miketaravella.com/ YouTube: https://www.youtube.com/channel/UC2oWkotBta8A-DabTdwHcVw Facebook: https://web.facebook.com/profile.php?id=100064533706124 Instagram: https://www.instagram.com/valueaddmike/?hl=en

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to the latest episode of the Small Axe Podcast! In this solo episode, Nico delves into the current challenges of navigating the real estate market. He addresses the hurdles posed by rising interest rates and escalating expenses, which make it increasingly arduous for investors to identify financially viable properties. He spotlights a critical scenario where property owners grappling with bridge loans are compelled to make crucial decisions regarding refinancing or selling, primarily due to expiring terms. Tune in as Nico empowers his audience to sharpen their investment prowess and thrive in the world of real estate.

Here's a breakdown of what to expect in this episode: Navigating the Cash-In Refinance Scenario in Real Estate Effective Deal Sourcing Strategies for Real Estate Investors Supercharging Your Deal Flow: Using the CCIM Website to Connect with Brokers Controlling Real Estate Deals with Zero Capital: A Strategic Approach Maximizing Your Real Estate Investment Success: The Small Acts Community Approach And so much more!

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to the latest episode of the Small Axe Podcast! In this episode, Nico Salgado engages in a captivating conversation with the esteemed Tony Castronovo, marking Tony's third appearance on the show—a testament to his unique insights. The episode begins with a nostalgic reflection on their previous encounters in late 2021 and the beginning of the year. Tony delves into his recent experiences in the multifamily real estate sector, highlighting a slowdown in transaction volumes. He shares the journey of a specific property deal, from initial challenges to eventual success in acquiring a 257-unit Class A property in Houston, Texas. 

Here's a breakdown of what to expect in this episode: Navigating Unpredictable Elements in Real Estate Deals Insights into HUD Loans and Energy Efficiency Requirements Closing Real Estate Deals Amidst Shifting Lender Dynamics Tony's Coaching Program: Empowering Entrepreneurs and Business Owners Financial Clarity and Profitability: The Profit First Method And so much more!

About Tony Castronovo: Tony Castronovo is the founder and managing partner of Novo Multifamily Group and Novo Investments, specializing in multifamily real estate investments primarily in Texas and Oklahoma markets. With a comprehensive background in real estate, including single-family rental properties and construction, he has managed acquisitions, underwriting, negotiations, due diligence, syndication, capital raising, renovations, operations, and asset management across a portfolio of over 1,150 units. Tony's experience extends to management consulting, with over two decades of advising clients on project portfolio investment management.

Connect with Tony Castronovo on… Website: https://novomultifamilygroup.com LinkedIn: https://www.linkedin.com/in/tonycastronovo Email: [email protected]

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to the latest episode of the Small Axe Podcast! In this episode, Nico Salgado ignites a captivating discussion with real estate maven, coach, and former dance sensation Jorge Contreras. Uncover Jorge's remarkable journey from the dance floor to real estate success, fueled by a pivotal back injury that propelled him towards financial innovation. Discover his transition from single-family homes to Airbnb goldmines, his transformative coaching venture, and his strategic tax-reducing tactics. In this engaging episode, the duo also taps into their shared love for dance, making it a must-listen for aspiring investors and dance enthusiasts alike.

Here's a breakdown of what to expect in this episode: Incorporating Local Touches: Enhancing Airbnb with Local Culture Essential Amenities: Stocking Your Airbnb for Guest Comfort Cozy Retreat: Designing a Homey Atmosphere for Guests Tech-Infused Hosting: Smart Amenities and Connectivity for Guests Hygiene and Hospitality: Maintaining Cleanliness for Positive Guest Experience And so much more!

About Jorge Contreras: Jorge Contreras is a dynamic coach and accomplished real estate investor, driven by a mission to empower individuals to achieve time, location, and financial freedom through Airbnb and Real Estate Investing. With a remarkable journey that saw him retire at 29, become a millionaire by 30, and establish a flourishing Airbnb business generating multiple six figures, Jorge's impact reaches far and wide. His coaching prowess shines as he guides students to remarkable achievements, including launching Airbnbs in record time, earning substantial income, quitting traditional employment within months, and securing substantial passive income streams that range from $5,000 to $8,000 per month, all on autopilot.

Connect with Jorge Contreras on… Website: https://thejorgecontreras.com YouTube: https://www.youtube.com/c/JorgeContrerasyoutube Instagram: https://www.instagram.com/thejorgecontreras/ Facebook: https://www.facebook.com/groups/howtobuildyourairbnbempire/

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to the latest episode of the Small Axe Podcast! Join Nico Salgado as he dives into an exhilarating conversation with real estate powerhouse Hadar Orkibi. With an impressive 20-year real estate background, Hadar's journey began in Israel as a licensed agent before venturing to New Zealand. Tune in as he unveils his commitment to crafting generational wealth and the influential role of the Make It Happen Mastermind Group. Witness how Hadar's choice of Arkansas sizzles with affordability and cash flow potential, while he skillfully sidesteps markets like Memphis, all in pursuit of building an electrifying future.

Here's a breakdown of what to expect in this episode: Navigating Market Cycles and Multifamily Investments Legacy: Extroversion, Financial Acumen, and Generosity Strategic Investments and Partnerships: Approach to Thriving in Real Estate Becoming a Market Expert: Advice for Seizing Real Estate Opportunities And so much more!

About Hadar Orkibi:

US Citizen, full-time Property Investor, and Trader. Investing in Real Estate for over two decades with a focus on Multi-Family Apartment Buildings that have value-add upside potential. Hadar Invests in Multi-Family Residential and Commercial Tripple Net Leases Real Estate and is a regular participant as a guest in US Real Estate Investing podcasts. Over the years Hadar implemented different strategies which include house flipping, subdivision, new construction, NNN commercial real estate, joint ventures, and multifamily investing. Hadar enjoys helping both seasoned real estate investors and those new to real estate investing reach their wealth, income, and portfolio goals through multifamily real estate investing. Hadar loves real estate investing and the freedom it creates.

Connect with Hadar Orkibi on… Website: https://mfiholding.com/ LinkedIn: https://www.linkedin.com/in/hadar-orkibi-a9a1a841/ Instagram: https://www.instagram.com/mih_mastermind/ YouTube: https://www.youtube.com/c/MultifamilyRealEstateInvestingMIHMastermind

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to the electrifying episode of the Small Axe Podcast! Join the one and only Nico Salgado as he dives into the dynamic world of multifamily real estate investment. Back in the groove of his podcast setup, Nico brings a surge of energy as he unravels the exhilarating journey of an active multifamily investor. Buckle up for a rollercoaster of insights, as Nico shares the pulse-pounding challenges and high-voltage expectations that come with scoring deals in this market. Get ready to supercharge your motivation, stay engaged, and ride out the pursuit of multifamily deals with patience and persistence!

Here's a breakdown of what to expect in this episode: Mastering Due Diligence: Unveiling Hidden Issues in Multifamily Investments Strategies for Successful Multifamily Deal Selection: The Power of Engagement and Credibility Co-Sponsoring in Multifamily: Gaining Experience and Access to Winning Teams Managing Multifamily Expenses: Budgeting, Debt, and Insurance Essentials for Success And so much more!

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to another episode of the Small Axe Podcast! Join Nico Salgado as he engages in a captivating conversation with the seasoned investor Paul Moore. Together, they explore Paul's remarkable transition from self-storage operator to a pioneering fund that ventures into diverse assets through strategic partnerships with different operators. Tune in as Paul sheds light on their 1940 act fund, driven by a commitment to providing diversification across various asset types, geographies, and operators. Discover how their rigorous due diligence process ensures successful collaborations, and learn valuable insights from Paul about what aspiring operators need to become potential partners. 

Here's a breakdown of what to expect in this episode: Move into Preferred Equity: Benefits and Position in the Capital Stack Raising Money for Investments: Podcasts, Blogs, Books, and social media Investing in Affordable Housing through Tax Abatement in Texas Rising Demand for RV Parks: Remote Work and the Sharing Economy Market Outlook: Challenges in Multifamily, Focus on Recession-Resistant Assets And so much more!

About Paul Moore: Paul Moore is the Founder and Managing Partner of Wellings Capital. After graduating with an engineering degree and then an MBA from Ohio State, Paul entered the management development track at Ford Motor Company in Detroit. After five years, he departed to start a staffing company with a partner. They scaled and sold the company to a publicly traded firm five years later. After a brief “retirement” in his early 30s, Paul began investing in real estate in 1999 to protect and grow his own wealth.

Connect with Paul Moore on… Website: https://www.wellingscapital.com/about LinkedIn: https://www.linkedin.com/in/paul-moore-3255924/ Twitter: https://twitter.com/PaulMooreInvest Instagram: https://www.instagram.com/paulmooreinvest/?hl=en

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Get ready for an action-packed episode of the Small Axe Podcast! Join host Nico Salgado as he sits down with the incredible Anders Jacobson, a true powerhouse in the world of multifamily real estate. From his victorious basketball journey to overcoming financial setbacks, Anders's story will leave you inspired and on the edge of your seat. Discover how he turned a door-to-door sales gig into a life-changing opportunity and hear how he now helps others achieve financial success through multifamily investing. 

Here's a breakdown of what to expect in this episode: Anders' Real Estate Journey: From Basketball to Multifamily Focusing on Multifamily: The Carolinas, Georgia, and North Carolina Joint Venture Success: Transforming a 18-Unit Property in Greenville Investor Relations and Transparency: Building Trust in Syndication Using Sales Skills in Real Estate: Communicating Complex Concepts Simply And so much more!

About Anders Jacobson: Anders is an investor, entrepreneur, and the founder of Brighton Capital. Prior to multifamily, he built two multimillion-dollar businesses in the solar industry. He has always had a passion for real estate, from single-family and fix & flips to short-term rentals and multifamily. He started investing in multifamily in 2017 and has investments across Texas, Florida, Georgia, and North Carolina. In 2018, his first child, Brighton, was born, which motivated him to create a legacy for his family and help others do the same. He loves providing a vehicle for others to achieve freedom over their finances and time.

Connect with Anders Jacobson on… Website: https://brightoncapital.io/ LinkedIn: https://www.linkedin.com/in/anders-jacobson-10a39713b/

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH

Welcome to this latest episode of the Small Axe Podcast! Join Nico Salgado as he interviews Joseph Viery from US Tax Advisors Group Incorporated. Joseph shares his journey from being a tour manager to entering the cost segregation industry and eventually starting his own firm. He explains the power of accelerating depreciation, a strategy that can substantially reduce income tax liabilities for real estate investors. Tune in to learn how cost segregation can help you maximize deductions and potentially eliminate income taxes, and discover the benefits of energy tax credits for energy-efficient improvements.

Here's a breakdown of what to expect in this episode:

Cost Segregation: Accelerating Depreciation for Real Estate Investors Active vs. Passive Investors: Maximizing Depreciation Deductions The Power of Cost Segregation: Identifying Short-Lived Assets for Greater Deductions Real Estate Professional Status: Unlocking Significant Tax Benefits Energy Tax Credits: Saving on Taxes Through Energy-Efficient Improvements And so much more!

About Joseph Viery: Joe Viery is a tax expert from US Tax Advisors Group Incorporated, specializing in cost segregation and tax credits for real estate investors. Through cost segregation, he helps investors accelerate depreciation on certain components of their properties, resulting in significant tax savings.

Connect with Joseph Viery on… Website: https://ustagi.com/about-us/ LinkedIn: https://www.linkedin.com/in/joseph-viery-49b1b923/ Facebook: https://www.facebook.com/USTAGI/

Connect with Nico Salgado! Website: www.smallaxecommunities.com Facebook: https://www.facebook.com/nicosalgado456, Podcast: https://podcasts.apple.com/us/podcast/small-axe-podcast/id1528971543 LinkedIn: https://www.linkedin.com/in/nicosalgado456/ Spotify: https://open.spotify.com/show/6edqbvXc6JCXuSg2lbSJeD YouTube: https://www.youtube.com/@nicosalgado1753 Amazon: https://www.amazon.com/-/es/dp/B08K4T9YTH