Welcome to the ninth episode of 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 Chris Wiser, a partner of mine and a true passive investor who has invested in 1,768 doors as a passive investor. In today's episode we will talk about how Chris became an investor and how he finds great deals. We will also touch on how to look for operators and why you might want someone who has gone through the complete lifecycle of an acquisition. Finally, we will discuss the benefits of diversifying your investment in different States. All this and much more, up next.

Bullet points

(01:55) Introducing Chris Wiser

(03:57) The first investment: Jumping right into a 90 unit deal

(08:43) Investing passively

(10:49) Do you spend a lot of time underwriting these deals personally or do you just jump right in?

(11:51) Identifying operators: What do you look for in a team?

(15:51) Going through the lifecycle of an acquisition

(18:33) Communication between an operator and a passive investor

(20:21) Diversifying and investing in different States

(25:15) What advice would you give to someone who is starting out?

(28:20) What does financial freedom mean to you?

(30:09) Where to find out more

The Opportunity Window Is Open: Why The Moment To Invest In Multifamily Is Now! by Abiel Ballesteros

Welcome The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In today’s episode we welcome Richard Barthelemy, full-time multifamily investor. After getting into real estate in 2015, Richard found a very interesting and fruitful business model, especially in today's market where finding inventory is a challenge. Besides being a multifamily investor and flipping houses, Richard sources deals for me as well as for other investors. Today we will be discussing what you need to consider if you are thinking of becoming a full-time real estate investor, including how much money you should save up before quitting your 9-5 job. We will also touch on how to find deals on the market, and why it's all about doing volume and following up. Finally, we will talk about what you want to know before creating a relationship with someone to source deals for you. All this and much more, up next.

Bullet points

(01:37) - Introducing Richard Barthelemy

(02:46) - Getting into real estate

(04:39) - Leveraging previous work experience

(05:37) - Becoming a full-time real estate investor

(06:37) - How much money do you need to have saved up if you want to jump into real estate before quitting your job?

(08:11) - Richard’s creative way of sourcing deals: Using VA around the country

(10:41) - How to stay on top of training

(11:43) - Picking submarkets

(12:51) - Finding deals on the market: It's all about volume and following up

(17:05) - How to reply when an agent asks you if you have seen the property

(17:47) - Have complete clarity on what you want before creating a relationship with someone to source deals for you

(18:45) - The cost of doing volume and buying leads

(20:26) - Richard’s ideal client

(21:20) - The advantage of small units: Liquidity

(23:11) - The most difficult deal

(25:40) - What is one of your biggest failures and what did you learn from it?

(31:40) - What does financial freedom mean to you?

(33:00) - Where to find out more

President Biden’s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains on property sales. I’m talking about section 1031 of the US tax code. I have mentioned and explained several times how the 1031 exchanges benefit the real estate industry and specifically the multifamily industry.

You can check past blogs on my website or on my YouTube channel where I describe in detail all the tax benefits available to multifamily investors, and specifically all details of section 1031.

In a few words: the current law allows investors to defer paying tax on real-estate gains if they reinvest the proceeds in other properties within six months of the sale. We use that strategy as part of our regular investment operations, to maximize profits for our investors, clients, and partners. Everyone in the industry uses it.

All this and more, 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 have Alejandro González, full-time multifamily broker with Marcus & Millichap. Alejandro is a true professional with a solid understanding of the business, and an expert in both buying and selling multifamilies in South Florida, specifically in Miami. Since he has the perspective of both a seller and a buyer, he knows how to maneuver transactions expertly. Alejandro has sold over 140 million multifamilies in sales and over 1700 units since 2013, and he's part of a team that has 6 billion in commercial sales. In today's episode we will talk about all you need to know to hire a professional broker. We will also discuss the current trends in the multifamily business, more specifically in Miami. Plus, Alejandro will share some great tips on how to better evaluate an area if you don't have the resources to do your own research. And stay tuned until the end, when we talk on how you can transition from being an investor to working in multifamilies as a broker. All this and much more, up next.

Bullet points

(01:38) - Introducing Alejandro Gonzalez

(02:50) - Getting into real estate

(04:00) - Why did you choose multifamilies in your life?

(07:50) - Finding a mentor

(10:47) - Hiring a professional broker: Know what you want and be patient

(16:50) - How to find the right broker for you

(20:03) - The current trends in the multifamily business

(23:53) - Renting in Miami: What trends are you seeing?

(27:55) - Some tips on how to evaluate an area

(29:38) - The most difficult deal

(33:05) - Advice for transitioning from being an investor to working in multifamilies as a broker

(37:00) - What does financial freedom mean to you?

This time I’d like to tell you about some of the lessons I had to learn the hard way while working in the multifamily industry. Nobody prepared me for many of the situations that I’d face, especially when having properties located in other cities and states.

These are the kind of things that you only learn while working in the field, so now I’d like to share them with you.

If you’re interested in learning more about multi-family and the topics that we talked about here, just give me a call. Reach out to me! Let’s chat and let me help you underwrite your deal, or let me help you understand how you’re feeling about this industry and what questions you have.

You can reach me at [email protected]

Thanks and see you soon.

Welcome 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 Winston Schofield, full-time investor in multifamilies with just over 500 units under management. Winston has a strong background in asset management and operations, and has now established the Jorjew Group with a team of commercial real estate professionals, where they focus on stable assets where they can re-develop properties.

Today we will discuss how to recognize great opportunities, and why identifying whether or not there is a demand for housing is key before investing. We will also touch on the current state of multifamilies and why multifamily housing isn't going away anytime soon. All this and much more, up next.

Bullet points

(01:10) - Introducing Winston Schofield

(01:47) - Winston’s background: Getting into real estate

(04:15) - Transitioning from flipping homes to multifamilies

(08:17) - The first big GP multifamily deal

(09:38) - Discovering deals and building relationships: The Augusta deal

(13:26) - Identifying a great opportunity

(14:38) - What upgrades do you need to do to the units to get a bump up on rent?

(16:25) - Identifying if there is a demand: Looking at migration patterns

(17:30) - The most difficult deal

(21:21) - The state of multifamilies

(25:13) - What is one of your biggest failures and what did you learn from it?

(26:47) - What advice would you give to your younger self?

(30:18) - What does financial freedom mean to you?

(31:54) - Managing small vs big assets

(34:16) - Where to find out more

Hello, I’m Abiel Ballesteros and today I like to share with you the top 5 cities to buy multifamily real estate in 2021.

This is our own selection, based on population, migration trends, employment levels, local or state taxes, and our own experiences investing in multifamily properties, plus some other factors.

So hear me out:

There are many different variables playing in the economy right now. Some people are leaving cities and states due to high taxes, unemployment and because they want to be closer to their families.

On one hand, many sectors of the economy are being reactivated after the Covid-19 crisis, and people are returning to their full-time employment.

The interest rates remain low, so debt is still cheap.

The government keeps taking measures and pumping money into the economy to try to stabilize it.

We are seeing a shortage of housing inventory that is pushing prices up.

Many regions of the United States are experiencing huge booms in demand and the price of homes is rising sharply as a result — higher than the rate of inflation. As a result of this, many potential buyers can no longer afford to buy.

So, more people will have to rent instead of buying or will have to delay their plans for buying.

All these factors are beneficial to the multifamily industry because more people will be renting for the time being.

For example, it was recently reported that in some areas of the United States, people earned more via appreciation of their homes than from their salaries in the past year. And this was the year of the coronavirus crisis!!

Also, there have been recent migrations of people from “high tax states” like California or new york, to tax-friendly states like Florida.

Keep in mind that real estate is very local. You need to understand each local market before considering an investment because the economy of the whole country does not necessarily reflect the status of each local market.

So, let’s take a look at five cities to invest in 2021...

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today’s guest is Tony Engel, Chief Operating Officer for Sundance Property Management, where he has 8,500 units under management. Tony specializes in repositioning properties and is responsible for all the business development, acquisitions and capital improvements for Sundance.

Today we will discuss how to find the right partner for property management and when to reach out to a property management company. We will also touch on acquiring and renovating Multifamilies, plus setting the rental price that’s right for your property. All this and much more, up next.

Bullet points

01:14 - Introducing Tony Engel

02:07 - The first real estate experience

05:45 - The first acquisitions

08:20 - Joining a team: getting into renovations and rentals

11:46 - Selling to investors

13:02 - Property management

16:39 - Finding a partner for property management

20:05 - Acquiring and renovating multifamilies

22:56 - The most difficult deal

25:32 - When to reach out to a property management company

28:57 - Setting the right rental price

30:14 - Advice for people getting started

32:08 - What does financial freedom mean to you?

37:00 - Where to find out more

A lot of people come to me to ask me how to find real estate multifamily deals? And I’m talking LARGE multifamily deals.

So let me tell you how we do it here at SAR Apartment Capital.

Listen to know the basics of this business and how we do it.

If you’re interested in what I explained or have questions on how we do it; or just want to bring us a deal that we could do a joint venture, contact me. I am always open to joining up and looking at deals. As I said, we have done some recent deals coming from other syndicators that worked out well.

We’re always open to here at SAR apartment Capital so call me, drop me a line, follow my social media, or go to my website AbielBallesteros.com.

See you soon,

Abiel