Real Estate Investing for Cash Flow with Kevin Bupp #330: Industry Trends, Hotel Conversions, and Adaptability During the Pandemic! - with Mike Zlotnik
Mike Zlotnik is a real estate investment expert.
Beginning his career in Information Technology, Mike successfully managed many aspects of this business sector such as Risk, Business Intelligence, and Quality of complex systems, software, and processes.
After 15 years in IT, however, Mike knew his passion lied within the Real Estate Investment space due to its predictability of outcome and well-understood risks. Mike dove headfirst into real estate in 2000 and now holds the title of CEO at TF Management Group. Under his leadership, the company has seen transformation and growth, delivering strong returns for the fund investors.
Quotes:
"The strengths of the open-ended fund [are that] you can keep raising capital on a periodic basis quarterly and you can keep making investments and reinvest capital that comes back from the files. It's got its positives. One of the major negatives with any open-ended fund is mark to market on however often you raise capital…you've got to be able to value the portfolio. It's called mark to market concept."
"One thing I can tell you [is] that when you mix growth and income strategies, the growth projects create tax efficiency… and it creates yield drags on the income projects. So mixing growth and income projects in the same fund has a little bit of that tax efficiency a little bit of yield drag as the result."
Highlights
02:23 - Mike Gives us an overview of his background in real-estate
04:29 - Mike tells us what TF Management Group does, what they fund, and who they invest with.
05:38 - Mike gives comparisons between open-ended/evergreen funds and closed-end funds as well as the types of assets in each.
07:40 - Mike gives us Examples of opportunities and assets in their most recent funds.
13:54 - Mike talks about the process behind hotel to multi-family conversions!
21:40 - Mike tells us what he thinks about the future of the hospitality space.
26:47 - Mike speaks about business strategies during the pandemic.
Guest Website:
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Recommended Resources:
- Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
- Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
- Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
- Grab a free copy of my latest book "The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
- Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2