Street Smart Success

Buying real estate requires a lot of money, but you can buy parcels of land in growing areas for less than $500. There are millions of acres of land that you can buy for any reasonable offer as a result of tax liens, inheritances, or any number of reasons. 

Mike Deaton, Co-Founder and President of Deaton Equity Partners, has been buying and selling land for the past five years and parlaying his earnings into cash flowing multifamily assets.

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In the last couple years, recreational land has become incredibly popular and seen major appreciation. Land has gotten the attention of both bigger investors and also individuals in larger metros who are buying acreage they can use for hunting and second homes. Land also has numerous ways of producing income. 

Jake Hofer, Real Estate broker at LandProz, works in Peoria, Ill and helps mostly suburban Chicagoans acquire recreational land.

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Hiring the right sponsor is like hiring a CEO of a company. Everything rides on the decision and very few people are actually qualified to do the job. 

Dovid Preil, Principal of YDLP Investments Group, has a formal process that helps him find the right sponsors with the right deals to mitigate risk and maximize returns. Some of his recent deals have generated over 40% returns for his pool of investors.

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Location, location, location. The ultimate Real Estate cliché, but it stands the test of time. That’s why it’s a huge advantage to have boots on the ground in a market you’re investing in. It’s an enormous benefit if someone knows a market block-to-block. First-hand knowledge of a market reduces risk. 

Keith Meyer, a Principal of Symphony Capital Group, identifies local operators in select markets and co-GP’s with them to create highly effective operating teams and reduce operational risk.

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The multifamily market has been so hot in recent years that pretty much everyone has prospered. These days, however, many newer operators are so hungry to get deals that they’re grossly overpaying and often times undercapitalized. If history repeats itself, a lot of these operators will be underwater and they’ll take their investors with them. 

Today’s guest, Neil Bertrand, Executive VP of REIT Group Ventures, has been in the business for almost 25 years and seen numerous cycles. Right now, Neil knows of forty deals in Texas that are either in arrears or in foreclosure.

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Major metro markets like Atlanta, Phoenix and Dallas are seeing huge employment and population growth, but there are much smaller markets that are also growing. Some markets with fewer than 500,000 people have almost no supply of available apartments with near 100% occupancy and therefore represent great opportunities for investors. 

Today’s guest, Nathan Clayberg is Assistant VP of MLG Capital in Milwaukee. MLG is raising a $350 million fund that invests directly or JV’s in 200+ unit apartment buildings in growing markets.

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Investing in hard Real Estate assets can be great for appreciation, but getting cash flow Is harder than ever and your investment is illiquid. Investing in notes, however, can be a way to generate great cash flow and super high returns without having to tie your money up for years. 

Today’s guest, Jay Tenenbaum, Co-Founder & President Of Capital Development at Scottsdale Real Estate Investments, is building a great business in the note space and is offering great returns for investors.

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Most real estate asset classes are efficiently priced. With raw land, however, you can buy lots at literally 30 cents on the dollar. With very few start-up costs you can launch a Direct Mail marketing program that gets you a deal in your first month. 

Today’s guest, Dan Haberkost, Owner of Front Range Land LLC, is in his mid-twenties and buying and selling land quite profitably in the state of Colorado. He’s also building single family homes.

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Having a great niche results in making more money because of better operating margins, a competitive advantage, more efficient processes, and a more streamlined business development effort. 

Today’s guest, Chris Winterhalter, CEO and Co-Founder of Hotel Rehabs, specializes in hotel rehabs all over the country. His clients are the world’s biggest hotel brands and his business is growing at an impressive clip.

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When it comes to investing in Real Estate, there’s more ways to do it than directly buying properties. One way is to invest in notes and not have to deal with renting out and maintaining properties and dealing with tenants. 

Today’s guest, Scott Carson, Owner and Managing Member of WeCloseNotes.com, an Austin based, defaulted note buying company, has made a phenomenal career out of investing in notes since 2008 and has helped thousands of others learn about the note business.   Scott is also a nationally known radio personality and podcast host.

Learn more at https://www.streetsmartsuccess.com