Episodes

Over 25 years ago, you had to send your loved one to a nursing home if they could no longer care for themselves. Today, you can send them to an Assisted Living facility with a much more current approach to lower-level care. This area of housing area has continued to face increased demand. The population is aging and more seniors need assistance with day-to-day functions they can no longer perform at home. Today’s guest, Justin Burke, is building a portfolio of Assisted Living facilities in the ...

Knowing when to buy can make all the difference between average and incredible returns. In today’s world there’s distress in office, retail and hotels. Today’s guest, Nate Barger, started out flipping homes and apartments but has slowed down adding multifamily to his portfolio and is pivoting instead to value-add hotels with great upside potential as the market for hospitality rebounds. His website is https://www.natebarger.com/ Learn more at https://www.streetsmartsuccess.com

Not all retail is the same. Many mid-market, grocery-anchored centers are doing very well and other tenants are benefitting from the traffic. Among other e-commerce resistant tenants, Health Care providers are starting to lease space in neighborhood centers. Today’s guest, Scott Tiano, Founder of JS Western, and more recently, Portal Investment Management, is implementing highly successful value-add strategies in mid-market retail centers in the Western U.S. Learn more at https://www.streetsma...

With C class properties selling for cap rates equivalent to B and A class properties, a number of operators are exchanging into A class. These properties are easier to hold for the long-term because they don’t have the same looming cap-ex to deal with over the next several years. Today’s guest, Keith Wasserman, Co-Founder of Gelt Inc. in Southern California, started out with heavier value-add projects in Bakersfield, then Phoenix, plus other Western markets. More recently, he’s been trading up ...

10,000 people are turning 75 every day in this country. There are currently more people in their 70’s 80’ and 90’s than ever before. The demand for Assisted Living is just at the tip of the iceberg and operators are poised to do well if they can serve this population responsibly. Today’s guest, Joe Pohlen, Principal of Cardinal Senior Management, is having great success buying underperforming assets and repositioning them by treating residents and employees the way they should be treated. ...

Few asset classes have both increased consumer demand and not only limited, but reduced supply. That’s what makes Mobile Home Parks such a great investment. Mobile Home Parks are also the ultimate in affordable housing and a great hedge against economic downturns. The category also remains highly fractured so the opportunities for acquisition continue to abound. Today’s guest, Jefferson Lilly, Founder of Park Avenue Partners, has been buying Mobile Home Parks since 2007 and has generated grea...

Out of favor asset classes can yield great investor returns, especially when they’re growing in occupancy and are in limited supply. Flex industrial used to be underneath the radar until a decade ago. Avistone LLC has specialized in this asset class since 2012 but is now pivoting to hospitality. Today’s guest, Richard Kent, President of Avistone, talks about why flex industrial made so much sense ten years ago and why hospitality makes so much sense right now. Learn more at https://www.str...

Even in this super hot market, you can still generate strong cash flow. Whether it’s from utility bill backs to tenants that make a huge impact on cash flow or buying from long-time ma and pa owners with units that are way under market rent, the opportunities are there to get 10% cash-on-cash returns. Today’s guest, Steven Pesavento, President of VonFinch Capital, is finding these opportunities and making them available to his investors. Learn more at https://www.streetsmartsuccess.com

It’s never too late to get started in Real Estate Syndication. It just takes the right mentoring and the right team. It’s amazing what just a proven process can yield. Today’s guest, Brain Noel, CEO of Ascot Equity Partners, has gotten started over the past couple years and is already a GP on a couple of excellent B and C class value-add deals in Houston that have already appraised well above the purchase price. Learn more at https://www.streetsmartsuccess.com

From converting distressed hotels into Assisted Living facilities to Value-Add apartments, there are many ways to generate great investor returns. It just requires rigor and creativity to see what others don’t. Today’s guest, Prashant Kumar, CEO of Myrealtygains, quickly learned that the single family game was an uphill battle and that bigger projects was the only way to go. He’s since done several multifamily and Assisted Living deals and targets 20% IRRs for his investors.

When it comes to multifamily, it seems like no good deals are to be had. Even in smaller markets, cap rates have compressed so much and the competition keeps getting fiercer. But today’s guest, Joshua Ferarra of Ferrara Capital, has been buying 7 and 8 cap deals in Mobile, Alabama where he currently lives. These have been C and B class deals with recent renovations completed by previous owners and therefore did not require heavy-lift rehabs or unusually high cap-ex.

Ecommerce is changing the playing field in unprecedented ways. As companies need to get their goods into customer hands within hours, the demand for warehouses will continue to expand dramatically all over the country for the foreseeable future. Today’s guest, Peter Lewis, Chairman and Founder of Wharton Equity Partners, sold $500,000,000 in multifamily assets back in 2017 and redeployed the capital into industrial property to catch the huge wave in industrial expansion.

When it comes to choosing what to invest in, 80% of the decision comes down to the team. There’s no substitute for experience and roles within the team should be clearly defined, otherwise teams can implode and investor capital is at great risk. Today’s guest, Spencer Hilligoss, Founder of Madison Investing, fully vets sponsors and deals for his investors and invests as an LP himself prior to bringing a sponsor into his portfolio.

When it comes to multifamily, it seems like no good deals are to be had. Even in smaller markets, cap rates have compressed so much and the competition keeps getting fiercer. But today’s guest, Joshua Ferarra of Ferrara Capital, has been buying 7 and 8 cap deals in Mobile, Alabama where he currently lives. These have been C and B class deals with recent renovations completed by previous owners and therefore did not require heavy-lift rehabs or unusually high cap-ex.

Is the Texas market going to stall, or is it just beginning a longer-term growth trajectory? According to today’s guest, the chronic housing shortage will not abate as people and jobs keep pouring into the Lone Star State. Jack Langenberg, a seasoned CFO and COO of several large companies, and previous head of mergers and acquisitions of a Fortune 500 company, is syndicating multifamily deals out of the Dallas-Ft Worth market and has a recipe for success.

Although the multifamily market is on fire, there’s still a chronic housing shortage that will persist for several years. In many markets, job and population growth is far outpacing existing inventory and new construction. As a result, opportunities still abound in many submarkets in the country. Today’s guest, Matt Picheny, has successfully found opportunities in great markets with B and C value-add properties.

In this exuberant environment for Multifamily, the returns for ground up construction can be more compelling than usual. Although the risk profile is steeper, the rewards can more than justify the risk with an experienced operator. Today’s guest, Sam Bates, Founder of Bates Capital Group, has recently done both ground up construction and acquisitions of existing properties, the deals just have to make sense.

Traditional financial investments versus alternative investments…. which is better? The answer may be more nuanced when looking at both over a long period of time. Today’s guest, Denis Shapiro, Managing Partner of SIH Capital Group and author of The Alternative Almanac, believes there are pros and cons to both although he’s leaned more towards Multifamily investing over the past few years.

Is there a downturn coming? Either way, you have to plan on it, according to today’s guest, Whitney Sewell. Whitney is the founder of Lifebridge Capital. Lifebridge is acquiring properties in the Mountain West states of Idaho and Colorado. Everyone is talking about the South and Southeast, but the Mountain West is also growing rapidly with great job growth and strong demographic trends.

Cap rates on most real estate asset classes have dropped 40% over the past five years. This has made cash flow very hard to achieve. Ground up construction, on the other hand, has much higher cap rates. The key is mitigating risk by being in the right markets with the right assets. Today’s guest, Neal Bawa, the Mad Scientist of Multifamily, has been doing ground up construction in smaller markets in several different asset classes in order to generate attractive returns for investors.

Great Multifamily deals are a needle in a haystack these days, but great deals are still to be had if you’re willing to be patient and methodical. Today’s guest, Sam Wilson, founder of Bricken Investment Group, has found great Value-Add deals in the Southeast with rental upsides over $300 per unit. Sam also has a Self-Storage fund and has invested in parking garages.

In today’s multifamily market, you need to buy deals with as much rental and operational upside as possible to make sense for investors. Today’s guest, Nathan Cloud, Founder and CEO of Cloud Capital, has built out systems with stringent buying criteria to meet these goals. Nathan’s bought C class deals in Houston below market and has had great success. He’s in the right submarkets with the right properties to maximize returns.

Even though Austin is the hottest multifamily market in the country, lifelong relationships and a great reputation yields great deals, even when they’re fewer and further between. Today’s guest, Andrew Campbell, Managing Partner of Wildhorn Capital, has built an impressive 3000 unit portfolio in Austin and San Antonio that’s produced consistently strong returns for investors through cash flow and appreciation.

Even in historically low appreciation markets, single family homes are appreciating at unprecedented rates. New household formation and historically low interest rates has spurred renters to leave apartments and buy their first homes. Today’s guest, Eric Martel, Founder of MartelTurnkey, has been buying, rehabbing, and selling homes to investors who are getting 10% returns on their money.