Street Smart Success

Street Smart Success

Street Smart Success interviews successful Real Estate entrepreneurs in Multi-family, Self-Storage, Mobile Home Parks, and other asset classes. Guests share their experience, strategies, and valuable lessons learned. Learn more at https://www.streetsmartsuccess.com

Episodes

January 27, 2022 40 min

How high can Real Estate go? With inflation and rents climbing, and interest rates still at historic lows, prices continue to climb. Even after a torrid first half of 2021, prices continue to climb and there’s been compression between C, B, and A classes. 

Today’s guest, Todd Dexheimer, Co-Founder of Endurus, has had great success over the past few years and still firmly believes in cash flowing, Value Add Real Estate as long it’s ...

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The short-term rental market has exploded and investment returns in this asset class can be much higher than other residential real estate. 

Today’s guest, Ryan Scott, Managing Director of Aspire Fund, is developing tiny home communities in Opportunity Zones with short-term rentals. It’s an incredible way for investors in 1031 exchanges to defer taxes and get incredible returns on their investment.

Learn more at https://www.streets...

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You can live like a king on as little as $1,500/mo in a tropical paradise if you’re willing to experience a little adventure. Now that people are working from anywhere, they’re moving to places where they can live pennies on the dollar compared to the U.S. 

Today’s guest, Mike Cobb, Chairman of ECI Development, builds and finances homes countries such as Costa Rica, Nicaragua, Panama, Belize and El Salvador.

Learn more at https://w...

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If you’re willing to do what others aren’t, there can be gold in them hills. 

Today’s guest, Arthur Drozd, has found incredible value with multifamily properties that have complex challenges. Arthur is highly skilled at finding opportunities and finding the right teams. Arthur is also the founder of ReadyLendGo.com., a one stop website aggregator of commercial Real Estate loans.

Learn more at https://www.streetsmartsuccess.com

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There’s stable cash-on-cash returns in many real estate assets, but returns on car washes can be extraordinarily high. You just need the right car wash, in the right location, with the right management. 

Today’s guest, Steff Boldrini, Principal at Monte Carlo Real Estate Investments, purchased three car washes in a portfolio that included a self-storage facility in Amarillo, Texas. She’s doing extremely well despite some bumps and ...

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When buildings are being priced at above replacement cost, that’s when it’s time to build. 

Today’s guest, Michael Episcope, Principal at Origin Investments, is focusing on ground up multifamily development in the country’s top growth markets. He has a long-term hold strategy to help investors achieve tax efficiency and help them avoid the risk when having to find replacement properties.

Learn more at https://www.streetsmartsuccess...

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With asset prices climbing, getting the right financing is becoming a greater challenge. With so little daylight in deals, it’s harder for institutions to finance multifamily apartments. 

Today’s guest, Terry Painter, President of The Apartment Loan Store, discusses current lending practices and also common mistakes new multifamily investors make when buying their first properties.

Learn more at https://www.streetsmartsuccess.com

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In the world of operating property, experience trumps all else. There’s just no substitute for someone who’s been operating apartments for almost 25 years, not to mention transparency in how they deal with investors. 

Today’s guest, Ken Gee, Founder and Managing Partner of KRI Partners, has invested in Florida over the past decade to capitalize on the huge growth of Florida’s employment and population growth.

Learn more at https://...

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In this era of inflation, hard assets are a way to prevent falling behind. That’s where Real Estate comes into play. Multifamily, in particular, is a great inflation hedge because you can raise rents every year, except in cities with rent control. 

Today’s guest, Tracy Hubbard, Managing Partner of Hubbard Capital Group, had been in the financial world for many years before identifying Multifamily as a way to generate aggressive ret...

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Although institutional money is chasing multifamily in most markets in the country and paying unprecedented low cap rates, there are still viable, smaller markets you can buy properties for $30,000-$40,000/door in good neighborhoods. 

Todays’ guest, Seth Teagle, Partner and Director of Operations of The Stream Group, has bought several bigger multifamily properties in the Midwest with great cash flow.

Learn more at https://www.stre...

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Good Multifamily deals are getting harder to find as operators are lowering their expectations and willing to overpay for properties. They’re offering higher prices and justifying them because of lower interest rates and the anticipation of continued inflation of rents. 

Today’s guest, Sterling White, CEO of Sonder Investment Group, is being more selective and patient in his approach to finding the right deals that can cash flow 8-...

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In the world of multifamily, things change from block-to-block. That’s why hyperfocus on not just a market, but a neighborhood, can generate risk-adjusted ,outsized returns over time. Simply put, all Real Estate is local. 

Today’s guest, Anthony Vicino, Co-Founder of Invictus Capital, is building an impressive portfolio of properties in the Twin Cities in great infill locations that he’s vertically managing.

Learn more at https://w...

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December 16, 2021 49 min

In the 100+ Multifamily universe, it’s become increasingly difficult to find value regardless of market or asset class. There’s just too much money chasing too few deals. With smaller buildings, however, there’s less competition and way more opportunity for creativity and value-add solutions that generate more attractive returns. 

Today’s guest, Chris Grenzig, Owner of JAG communities in Jacksonville, Florida, is buying smaller...

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When unprecedented amounts of money are chasing so few assets, the result is inflated asset prices like never before. As a result, ground up construction can be a better way to get decent returns. 

Today’s guest, Jake Harris, Founder and Managing Partner of Harris Bay, looks for unique infill development opportunities in secondary or tertiary markets with the right fundamentals. Jake focuses more on the market versus the asset clas...

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Successful investing requires planning for economic downturns. When the economy takes a hit, more people go to college to prepare for careers. That’s why student housing is a recession proof asset class. Current occupancy levels for student housing in the country’s top university towns is well over 95%. 

Today’s guest, Fred Pierce, President and CEO of Pierce Education Properties, is one of the country’s top student housing operato...

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When you have a reduction in supply, an increase in demand, and the most affordable housing option, you have an incredibly durable asset class. Ma and Pa operators all over the country are selling their parks as they reach retirement age. Since 3rd party management hardly exists in Mobile Home Parks, there’s lots of great Value-Add deals to be had. 

Today’s guest, Mario Dattilo, Co-Founder of Real Estate Acquisitions USA, is acquir...

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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 Bur...

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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/

L...

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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...

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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,...

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