Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have a husband and wife team who has close to 400 doors under management: David Kamara, Founder and Managing Director of Cape Sierra Capital, and Jessica Bradley, Co-Founder and Managing Director of Cape Sierra Capital.

In today's episode David and Jessica will share how they switched careers and started their business in real estate. We will also discuss the challenges of working with your spouse and communicating with each other. Finally, we will talk about a very special deal in Michigan that consists of 124 units. All this and much more, up next.

Bullet points

(02:05) Introducing David Kamara and Jessica Bradley

(02:34) Getting into real estate

(05:24) How the business it started

(06:50) Switching careers and scaling the business

(10:40) Working with your family and communicating with each other

(14:37) Buying 124 units in Michigan

(23:20) Sticking with your number

(24:22) What was special about the Michigan deal

(27:32) Structuring responsibilities on the Michigan project

(29:16) The terms and finance structure on the Michigan deal

(30:55) What does financial freedom mean to you?

(33:31) The personal cash flow formula

(36:11) Where to find out more

Hello everyone!

As many of you are probably aware, I recently closed two multimillion-dollar multifamily acquisitions in the Orlando, Fl area. Months ago, we identified these opportunities and carefully considered the market conditions, the economic outlook and the potential for these properties to bring high returns to our investors. Now, the economic data clearly shows that we were so right!

Today I’m presenting a very special episode of The Real Estate Life podcast. This time I traveled to Columbus, Ohio, to have a conversation with Zipporah Hodge, the Regional Director for Sundance Property Management, and who is in charge of one of our properties there.

We had a very candid interview with her, where she gave us a glimpse into what it’s like to manage this type of property, the challenges she and her team face on a daily basis, and what really happens behind the scenes.

As a special guest in this podcast, we also have Israeli architect, investor, and partner of mine Doron RIce, pushing the conversation forward with a diversity of questions around the COVID crisis, owner involvement, and much more.

Please check it out in the link below, and don’t forget to send me your impressions, opinions, and questions.

Bullet points

(01:40) What happens behind the scenes in a multifamily complex

(02:21) Introducing Zipporah Hodge and Doron Rice

(03:55) The challenges of the Ohio property and what needed to be addressed

(05:26) What does a property manager handle by themself?

(08:15) How much owner involvement should there be?

(10:09) Dealing with an unstable property

(11:16) Some piece of advice: Do some self-management first

(11:48) How to hire the right maintenance and office teams

(14:45) Dealing with complaints

(16:48) Some advice for owners: How to choose a property and a management company

(21:13) Leveraging your relationship with your management company

(23:30) Repairing vs fixing

“You need to know the difference between two types of investors: there are accredited investors and there are sophisticated investors. Those are the ones allowed in a multifamily syndication”

I’d like to give you a short explanation of the characteristics and requirements of a person who is interested in becoming a multifamily investor.

There are a few things you need to know to join this world of multifamily investing. It is a little different from residential real estate. Multifamily syndication is becoming a big trend lately, thanks largely to its appeal to people interested in passive investment. If you want to preserve and create wealth with less involvement and effort, multifamily investment is a great way to achieve that.

Find out everything you need to know up next.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Jalal Abuimweis, better known as The King Of Miami Real Estate. Jalal is a full-time real estate investor and an active wholesaler. After just three years of getting into real estate, at 28 years-old Jalal already has 51 doors under management.

In today's episode Jalal will share with us the story of how he became The King Of Real Estate, from moving from Jordan to America, to living in his car, working for Grant Cardone and failing the real estate exam seven times. All this and much more, up next.

Bullet points

(01:40) Introducing Jalal Abuimweis

(02:46) Jalal’s background: Moving to America from Amman, Jordan

(05:40) America is full of opportunities

(07:34) Abiel’s story: From Cuba to America

(09:34) Leaving the car business and meeting Grant Cardone

(14:50) Going to Miami and landing a job with Grant Cardone

(18:35) Getting fired and going into real estate

(22:15) Taking the real estate course and failing the state exam

(28:54) Becoming The King Of Real Estate

(35:00) To make it into real estate you have to go all-in

(36:58) The importance of looking put together

(38:16) Multifamilies

(39:43) The story behind the 38-unit deal

(45:19) Improving the units

(46:47) Coming up with creative strategies

(51:20) Miami Movers 3 on October 23rd with Elena Cardone and other speakers

“I picked up a high-interest rate of 9% for that deal; I put 20% down on a $75,000 property - which is not much - my return after renting that property was actually quite high and after 6 months, after I had it stabilized, I decided to refinance and got to keep it for four years.”

Getting started on any new endeavor is never easy! Much more if you are investing money, and you are risking any losses. That is one of the main roadblocks for people interested in multifamily investing.

In order to illustrate how a successful multifamily acquisition can be done, I created a this new episode detailing my first multifamily deal.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Pauldine France, Vice President of Strategic Investments at FIP Commercial. Pauldine specializes in streamlining the process of retail, hospitality brands and multifamilies in the US market via South Florida, Miami. She is a licenced agent who focuses on property repositioning, tenants outreach, site selection and pre-development planning in the specialties of multifamilies, hotel industry and land leasing.

Pauldine started NeoHabitus Consult, a real estate consultancy focused on developing and executing cost-effective plans for companies who want to invest in Florida. Today we will discuss the upcoming trends in Miami and why you should listen to the locals before investing in a new area. All this and much more, up next.

Bullet points

(02:05) Introducing Pauldine France

(02:40) Getting into real estate

(06:29) Starting a new venture during Covid: NeoHabitus, investing in South Florida

(12:48) What do I need to have before contacting NeoHabitus: Having a clear identity and knowing your budget

(16:10) Anticipating trends in Miami: Opa-locka

(21:23) Advice for investors on their perspective

(24:04) Why you should listen to the locals

(25:54) Where to find out more

(27:20) What does financial freedom mean to you?

I want my son to learn the difference between what he needs to have, and what he wants to have, now that he is still very young. I don't want to kill his dreams if he wants to have a very expensive car one day, jewelry, and designer clothes but he needs to know that he doesn’t need that. Even though you feel the pressure of impressing people in society. I think that is a hard lesson for people to learn.

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Isael Prieto with Stratwell. They have over USD 1 billion in state sales since 2010, averaging over 3,000 transactions a year. They work closely with mortgage servicers, asset managers and traditional sales and buyers.

With everybody wondering if we are in a bubble, in today’s episode we will be discussing the current state of the market. We will talk about why inventory is low right now and the relationship between inflation and deciding whether to rent or buy. Plus, Isael will share his advice on how to find a good deal for people looking to buy a property. All this and much more, up next.

Bullet points

(01:52) Introducing Isael Prieto

(03:10) Getting into Real Estate

(04:52) The current state of the market: Are we in a bubble?

(09:57) Studying different markets

(11:11) Why there is low inventory

(13:40) Renting, buying and inflation

(17:17) Advice for buyers: How to find good deals

(21:24) Mortgage extension: Is it going to affect the market in a negative way?

(25:10) Where to find out more

"While the economy has been swiftly recovering from the Covid 19 pandemic, the U.S. will need 8 million more jobs to reach pre-pandemic levels."

The economy keeps on giving us surprises and is still behaving in unexpected ways. So today I’d like to take a look at some of the most recent trends in economic activity and try to understand how this will affect the multifamily industry in the coming months.

Find out more, up next...