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...

Every so often a good real estate opportunity comes up. When this happens, I have to double or triple check it, to make sure it is real. If you are a real estate investor and you are constantly trying to get a great deal, you know it is not that easy.

There is a trend I am seeing recently in distressed multifamily business and I think it’s still early to catch it.

History has taught us that trends that are caught early will give BIG rewards.

There is good news and bad news. The bad news is most folks will never have access to any of these “distressed” properties.

In fact, it took me many years to get access to properties like these.

The big players are too distracted going after large assets, and smaller players cannot get access to lenders to fund distressed assets.

We could go years without seeing anything like this happening again, but in a matter of months, it will start to happen.

Much more, up next!

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