WIN Multifamily Show

LeaseLock powers a modern lease experience that totally eliminates all security deposits, surety bonds, and guarantors. By innovating in insurance products for multifamily apartment owners, LeaseLock insures the property for missed rent and damages, plus an automatic lease payout for utilities and other costs.

Scott Choppin is the founder of the Urban Pacific Group of Companies, a Long Beach, CA based real estate development company, founded in 2000, that focuses exclusively on urban infill and affordable housing communities throughout California and the western US. Over the last 18 years, the company has developed nearly 1,700 units of unique to market urban housing communities throughout the Western United States.

Long-term journey is the name of the game for Preston Walls. As the founder and CEO of Walls Property Management, he has passed on the vision of investing in a long-term horizon to his constituents and partners. For him, real estate is a long-term asset that one hangs on to in order to get the best value for the money invested. It’s one of the unique things of Walls Property Management. While most syndications have a fixed holding period, their operating agreements are structured without a definitive endpoint. However, to protect the best interests of the investors, they have crafted exit provisions. In line with this investment strategy, he also discusses why he prefers deep value add deals as opposed to light renovation plans. Tune in to hear more about his investment strategies, recent acquisitions, and even mistakes that molded him to the syndicator that he is today.

Buying and selling real estate properties is already a challenge in itself. But when the property is in a distant location, the challenges are double. Rafi Mizrahi, an Israeli who invests in the United States, has developed a skill set that overcomes distance. He has done over 300 transactions in single family homes and owns over 766 units, which is roughly equivalent to fifty million dollars in multifamily. From a career in IT as a developer, he made a big leap into real estate investment in 2010 and has since then established a track record good enough to start mentoring and teaching other investors.

Hear how one phone call and one trip jumpstarted our guest’s career in real estate. Ola Dantis has only been in the United State for six years but has already founded Dwellyn, a multifamily investment syndication, and has successfully completed rehab projects in excess of 1 million dollars. But it wasn’t always easy for him. He shares a mistake he doesn’t want other investors to make and sheds light on how he overcame a bad first flip. Today, Ola continues to exceed investor returns, building upon his success on the real estate investing space.

Important Points in This Episode

• Story of how a phone call and a trip to Dubai jumpstarted his career in real estate investing

• Podcasts and books that Ola educated himself with

• His shift from a comfortable lifestyle in an apartment to a living in the bottom floor of a duplex

• Ola’s first investment

• A bad flip that took his eyes off the ball that he doesn’t want others to make

• How mentorship programs help you build your network

• All about Dwellyn and its 160-apartment unit complex

• Vertically integrated business

• Investor relations

• Houston’s marketability

• Ola’s Instagram and his 50,000 followers

What would it take to build skyscrapers? One thought. One question. That’s all it took for Anthony Vicino to jumpstart his journey to multifamily syndications. Not knowing anything about it, Anthony spent a great deal of time learning through podcasts, books, and networking events. Through these, he opened himself up to opportunities and partnerships that would skyrocket him to success. In this episode, he shares how he met his partner and how they formed Invictus Capital Ventures. Learn why Minneapolis is a fantastic market to invest on despite the problems going on there at the present time. Discover his first deal and how it fared in the market. Was it successful? What did he do when things didn’t work the way he expected them to?

Important Points in This Episode

• Anthony Vicino’s first milestones in real estate investments

• Methods of education he took before he entered the real estate industry

• How he met his partner, Dan Kreuger, and maintained a professional relationship with him

• Qualities Anthony looks for in a business partner

• Anthony and Dan’s first deal

• Impact of Covid-19 in that deal

• The best thing about real estate

• Market sustainability of Minneapolis in terms of economic diversity, education, quality of life, and competition

• Multifamily Investing Made Simple podcast by Anthony and Dan

• Importance of trust and transparency in partnerships and syndications

Gene Trowbridge from Trowbridge Law Group LLP, is an American syndication lawyer and investor who has seen the ups and downs of the real estate market over the past 40 years. Today Gene is going to discuss Capital raising information, blind funds as well as his experience seeing downturns in the markets over the several decades. He lets us know that with every downturn there are opportunities to be found. He also shares with us the personal and touching story of his father, Eugene Trowbridge, who was there at Pearl Harbor and fought in World War II.

From being a serial tech entrepreneur and establishing strong businesses to becoming an investor, Ian Ippolito didn’t settle with the traditional advice of putting percentages in stocks and bonds. In this episode, he shares how he founded The Private Investors Club and RealEstateCrowdFundingReview.com and sheds light on how crowdfunding opens up a sea of asset alternatives and opportunities for its users. With over 3,500 members and over $5.7 billion in investible assets, this club enables the members to access deal flow and detailed due diligence that they couldn’t on their own. Don’t miss this chance to learn more about crowdfunding and how it can assist you in getting the most value out of your investments.

Important Points in This Episode

• Origin story of Private Investors Club and website RealEstateCrowdfundingReview.com

• Ian’s unique and organic way of building the club

• Advantages of participating in a real estate crowdfunding

• Spectrum of asset investments being discussed in the club

• Process of walking the investor through their investment options

• Club members’ concerns on Covid-19

• V-shape and U-shape recovery from a downturn

• Qualifications for getting into the club

• Ian’s investment criteria

• Types of sponsors Ian prefers

• Member-to-member communication dynamics

We have a special episode for you listeners today as well host our first roundtable discussion featuring 4 panelists from 4 corners of the country. The panelists will discuss with us their views on the multifamily market and their particular locations, which are Minnesota, New York, Los Angeles, and Dallas Fort-Worth.

Hosted by Edward Gray and Daniel Holmlund

Panelists

Morgan Turnbow MAI - Colliers International, Executive Managing DirectorTad S. Marinac, MAI - GTRE International, Valuation & Advisory ServicesMary Ann Barnett, MAI - BBG, Executive Managing DirectorTrent Pollard, TLP - CEO - President TLP | Realty Advisors

Moderators

Edward Gray - Managing Directory of Greystone & Co, LLC

Daniel Holmlund - Partner & Multifamily Investor at Aalon Capital LLC

Michael Brady & Alex Schandrovsky are both members of the Madison 1031 Exchange whose business is to help taxpayers defer capital gains and taxation by swapping one property to another. An attorney by training, Michael Brady is currently the Executive Vice President of Madison 1031 and spends a lot of time in public speaking, seminars, and marketing efforts. On the other hand, Alex Schandrovsky is a seasoned Silicon Valley entrepreneur who ran a large catering company that employs second chance employments, mostly people from prisons. He spends most of his time teaching about business and entrepreneurship and building multigenerational wealth for driven real estate investors. Listen as they walk us through what a 1031 exchange is, its process, and the two sides of a 1031 exchange. They also shed some light on the challenges investors might encounter when doing a 1031 exchange. If you are interested in this type of exchange, it is important that you learn from the experts.

Be sure to tune in today!

Important Points in This Episode

• Mike and Alex’s background

• What is a 1031 exchange

• Capital gains taxes

• Internal Revenue Code 1031

• Process of a 1031 exchange

• Role of Madison 1031 play in making these exchanges

• States that do not recognize 1031 exchanges

• Who is a qualified intermediary

• Qualifications for a 1031 exchange

• Process of becoming a qualified intermediary

• Federation of Exchange Accommodators

• Kinds of exchanges Madison 1031 is doing

• Two sides of a 1031 exchange

• Challenges of bringing a 1031 investor to a syndication and bringing 1031 money into a syndication

• Problems a syndication might encounter with trying to do a 1031 exchange

• Brief explanation of the structure of a tenants in common (TIC)

• Like-kind properties

• Madison 1031 and the challenge of Covid019