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

December 7, 2021 43 min

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...

Share
Mark as Played

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...

Share
Mark as Played

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...

Share
Mark as Played

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...

Share
Mark as Played

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,...

Share
Mark as Played

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 treat...

Share
Mark as Played

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 ...

Share
Mark as Played

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 ...

Share
Mark as Played

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 inv...

Share
Mark as Played

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 http...

Share
Mark as Played

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 d...

Share
Mark as Played

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-li...

Share
Mark as Played

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 catc...

Share
Mark as Played

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.

Share
Mark as Played

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-li...

Share
Mark as Played

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 h...

Share
Mark as Played

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.

Share
Mark as Played

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.

Share
Mark as Played

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.

Share
Mark as Played

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.

Share
Mark as Played

Popular Podcasts

    If you can never get enough true crime... Congratulations, you’ve found your people.

    Dateline NBC

    Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.

    The Daily

    This is what the news should sound like. The biggest stories of our time, told by the best journalists in the world. Hosted by Michael Barbaro. Twenty minutes a day, five days a week, ready by 6 a.m.

    Stuff You Should Know

    If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks then look no further. Josh and Chuck have you covered.

    Around the NFL

    NFL.com's "Around the NFL" crew (Gregg Rosenthal, Dan Hanzus and Marc Sessler) break down the latest football news, with a dash of mirth.

Advertise With Us

For You

    Music, radio and podcasts, all free. Listen online or download the iHeart App.

    Connect

    © 2021 iHeartMedia, Inc.

    • Help
    • Privacy Policy
    • Terms of Use
    • AdChoicesAd Choices