Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp
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Sep 7, 2021 • 36min

#339: Self Storage, Property Management, Fix and Flips, and So Much More! -with Jacob Vanderslice

Jacob Vanderslice is a real estate expert and principal of Van West Partners. Jacob has been in the industry for 15 years and counting. He has expertise in fix-and-flips, commercial real estate, adaptive reuse retail projects, and self-storage. His investment firm, VanWest Partners, focuses on the acquisition and management of self-storage centers (in over 8 different states) and other opportunistic commercial real estate throughout the United States. Having bought over 7 properties this year, VanWest has over 195 million in commercial real estate transactions under their belt. Quote: "Whether you're converting an industrial building or a big box retail building into storage, I think the primary risk is that you're forecasting your lease rates years down the road. So you're going from 0 income in place two whatever your performo tells you." "…Our primary line of defense in mitigating the risk of new supplies, focusing on acquisitions where we can be all in at or below replacement costs. So if a new competitor shows up a mile away, their rents are going to have to be incrementally higher than ours, commiserate with their incrementally higher cost basis, to achieve the same total yield on costs." Highlight: 1:29 - Jacob deep dives into his real estate journey and what his company, Van West Partners, is all about. 04:15 - Jacob gives an overview of how he ended up in the self-storage asset class. 06:30 - Jacob talks to us about the downside risks associated with big-box conversion deals. 09:29 - Jacob gives listeners an idea of how his firm manages its forecast process. 11:45 - Jacob tells us how VanWest approaches staffing, operations, and automation. 13:35 - Jacob tells his craziest stories while operating in the self-storage space. 15:35 - Jacob discusses deals and how his firm approaches discovering new opportunities. 19:09 - Jacob talks about what he thinks other buyers in his market are doing differently. 21:13 - Jacob provides insight into creating an international brand, ClearHome. 25:11 - Jacob paints a picture of the future of VanWest and ClearHome. 27:49 - Jacob answers the Golden Nugget question and tells us about some of his most notable failures in the industry. 31:38 - Jacob tells us about a time where he and his firm walked away from a deal they were excited about. Guest Website: https://www.vanwestpartners.com/ jacob@vanwestpartners.com www.linkedin.com/in/jacob-vanderslice-02905b16b 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
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Aug 31, 2021 • 21min

#338: Real Estate Investing, the Co-living business model, and So Much More! -with Johnny Wolff

Johnny Wolff is a real estate and co-living expert. Johnny's love for real estate investing and living with roommates motivated him to start HomeRoom in 2017. As CEO and Founder of HomeRoom Co-living, Johnny has helped lead one of America's fastest growing co-living companies. And over the past year alone, his company did numbers boasting 99% on-time rent payments, full occupancy, and zero evictions. Quote: "We call it 'roommate living with luxury apartment amenities' or 'concierge service' "We are the platform, right? Our goal is to, over time, become similar to an airbnb but for the living space." "With co-living we can get up to 70% more in a single-family home, versus as its being rented by one person. So that extra revenue allows investors to make quite a bit more money." Highlight: 02:05 - Johnny tells us more about himself and how he found himself in this part of real estate. 04:57 - Johnny tells us more about different aspects of his business model. 06:27 - Johnny talks about his experience with online co-living events before and during the pandemic. 07:18 - Johnny discusses HomeRoom's role in the real estate space. 07:50 - Johnny gives an overview of what co-living operations look like. 10:15 - Johnny provides insight into what the average increase return looks like for Home Room. 12:40 - Johnny lists the criteria that allow a co-living home to be successful. 14:10 - Johnny provides us with an overview of the next few years for Home Room. 16:27 - Johnny tells listeners one thing he wants you to know about the advantage of co-living investing. 19:21 - Johnny explains the regulatory risks to this business model. Guest Website: https://livehomeroom.com/team 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
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Aug 24, 2021 • 27min

#337: Blockchain, The New Future of Asset Classes, Hospitality Investments, and So Much More! -with Stephane De Baets

Stephane De Baets is a real estate, hospitality, and blockchain expert. Stephane is a Belgian investment, real estate, and hospitality entrepreneur. He has 20 years of experience in asset management, financial structuring, and M&A. Currently, Stephane is the founder and president of the international asset management firm, Elevated Returns, which controls commercial properties transnationally. As a pioneer in blockchain-based real estate, Stephane and his firm have facilitated the first major commercial real estate transaction using blockchain technology to sell ownership stakes in the Aspen St. Regis Resort. Quote: "…what we realized along the way, we realized that the world of commercial hospitality investing is really very incestuous. You have only a couple of players that really know each other and it's a special investment club." "…we kind of looked and said: why isn't there a democratic way for people to buy a piece of ownership of the asset that they love?" Highlight: 02:09 - Stephane offers us insight into his background, how he got into investing and the real estate space, and how he got involved in blockchain. 05:26 - Stephane dissects what it means for consumers and merchants to use blockchain for asset investments. 07:19 - Stephane discusses the primary reasons behind going down the blockchain route. 09:54 - Stephane gives us his thoughts on the future of the hospitality space in a post-COVID world. 11:53 Stephane tells us what his firm anticipates around distress purchase and future opportunity. 13:30 - Stephane tells us the challenges and thoughts behind tech and blockchain becoming a widespread tool. 17:06 Stephane tells us his ideas on the use of blockchain. 18:48 - Stephane talks about the secondary market for those who want to sell off their fractional piece. 20:18 - Stephane gives an overview of projects Elevated Returns is working on. 22:45 - Stephane tells us the regulatory risks and downsides associated with Blockchain and security token in the U.S. 24:12 - Stephane gives a prediction of the security token space in 10 years. Guest Website: elevatedreturns.com 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
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Aug 17, 2021 • 43min

#336: Sobriety Living Homes, Scaling Business Models, Accreditation, and So Much More! -with Sherri and Frank Candelario

Sherri Candelario, Ph.D. is a pharmacologist from the University of Washington Medical School, becoming an expert in how opioids affect the brain and is a federally registered patent counsel for numerous biotech companies. Frank Candelario is an experienced broker skilled in zoning, acquisition, and identifying and financing housing for multi-use. After experiencing sober living recovery homes with a family member, and assessing the pitfalls of current this recovery approach, Sherri and Frank decided to take matters into their own hands. They developed a business model that enabled people in recovery to regain control of their lives. In 2016, Sherri and Frank founded Kate's House Foundation, the first nationally accredited sober living homes in Washington State. Together, their mission in real estate is to end homelessness for disadvantaged women and veterans. Quotes: Frank: "What realized quickly is that… that to own beautiful property we needed to get much higher cashflow so ironically all these things meshed at one time to where if you lease by the bed for a clean and sober program you can get tremendous—2-3x the normal cash flow." Frank: "…our goal is not to rent to a husband, wife, two kids, and a dog. Our goal is to have a home that if necessary we could sell to a husband, wife, two kids, and a dog. Our business model created great cash flow that enabled us just to keep growing." Sherri: "I would say if you want to scale this appropriately, is [to] do what we are always doing which is trying to find the talent in the house to manage it." Sherri: "I think from day one we realized that a lot of people didn't really know how to live together in a house because they hadn't had one growing up… so when we look at the tragedies that people have gone through, you have to be sensitive to it but then you have to realize that you are providing a home for the first time and you're providing a basis for people to launch into a wonderful life." Highlight: 02:46 - Sherri and Frank tell listeners about their experience with addiction & recovery, what ultimately helped Kate maintain sobriety, and how they got into the real-estate space. 05:32 - They tell us how the last sobriety house Sherri's daughter, Kate, lived in differed from other sobriety houses she first lived in. Sherri also delves into how she and Frank came about their first sobriety housing model. 09:12 - Frank tells us about the cash flow of their first sobriety property. 12:09 - The two talk about day-to-day operations at their properties. 15:10 - Frank and Sherri answer the question: how do you determine what the demand is for recovery group homes in a given area? 18:46: Sherri tells us about the accreditation process for sobriety housing and the way their homes are utilized. 24:15 - Frank and Sherri talk about the price point they're aiming for on their prosperities. 26:46 - The two discuss how they handle NIMBY syndrome. 29:22 - Frank and Sherri tell us if they have any personality clashes within their housing arrangements. 30:39 - They discuss their biggest challenges of scaling out models. 34: 22 - Frank and Sherri go over some of the downsides/negatives to this sort of business model. 38:38 - They talk about the regulatory risk associated with this sort of business model. Guest Website: https://www.kateshousefoundation.org/ https://www.sharedhousingsolutions.com/founders/ 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
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Aug 10, 2021 • 33min

#335: Entrepreneurship, Raising Capital, Pandemic Strategies, and So Much More! -with Tony Morgan

Tony Morgan is a real estate expert and founder and CEO of Broadwell Property Group. Tony has over 30 years of experience leading startup and high-growth companies in a number of different industries. Tony has a proven track record of taking a project from concept, through reality, through operational challenges, and ending with a financially positive exit. Tony previously worked in the tech industry where he founded and operated NationalNet, a global technological real estate provider for 20 years. Here, Tony led the company, hundreds of employees, and thousands of clients in achieving their goals and objectives. Quote: "I got to tell you, companies don't matter. I'm in real estate right now but it's just another company. You treat it the same way… eventually, they're going to be exactly the same, it's just what we are selling that's different." "We've been lucky in that we are not having to draw up investors like a lot of sponsors have to do… there has never been an investor in any of our deals larger than me and so that helps. I'm asking for investors to invest alongside of me." "We could spend two podcasts just going over my failures. I've got plenty… but the truth is, what's most important is what you learn from them—is what you gain from them… I believe that with every failure comes a gain." "Mistakes were made way before that…mistakes were made in the fact that I let emotions get in the way of a deal." Highlights: 01:34 - Tony gives us insight into his background and how he got involved in real estate 05:09 - Tony tells us the lessons he's learned and the similarities and differences between the LP space, the GP space, and the internet space. 07:01 - Tony talks about what made him choose the multifamily sector of real estate. 08:42 - Tony talks about how he has been able to find opportunities in today's competitive landscape. 12:15 - Tony tells us what he thinks other multi-family buyers are doing differently than his company. 15:10 - Tony gives insight into the locations his company focuses on and the markets they are looking to expand into. 17:33 - Kevin asks Tony if there is anything his company does differently when setting out to find and raise capital as well as what its like vetting as a GP. 19:54 - Tony provides us with details on a deal he made that never met his expectations. 24:35 - Speaking to the GP side, Tony gives another example of a real estate deal that never met his expectations. 30:09 - Tony offers us his golden nugget piece of advice for our listeners. Guest Website: broadwellpropertygroup.com Learn About Investment and Partnership Opportunities with Kevin and His Team 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
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Aug 3, 2021 • 52min

#334: Management Technology, Portfolio Expansion, Getting Started in Real Estate, and So Much More! -with Kent Ritter

Kent Ritter is a real estate + multifamily expert, and a Senior Director for Birge & Held. Kent co-leads the Private Select Portfolio within Birge & Held and specializes in many of its social, economical, and analytical facets in order for it to run smoothly. He has a passion for how technology can change multifamily investing and is spearheading the adoption of PropTech across the portfolio. Kent is also a leader in the multifamily space. He hosts a podcast titled Ritter on Real Estate, where he untangles complex topics to empower others to invest. Additionally, he hosts a monthly multifamily investor networking event and has been a featured speaker at many industry conferences and podcasts. Prior to joining Birge & Held, Kent was a successful real estate investor with a multimillion-dollar portfolio. And before falling in love with real estate, Kent spent 12 years as a management consultant. Quotes: In regard to the markets his company is attracted to: "Job growth and rent growth are correlated 1:1… we like job growth, job diversity, and job diversity among jobs that are non-cyclical…if you look at Birge and Held's entire portfolio, we are in cities like Indianapolis, Columbus Ohio, Minneapolis.. these cities all share common traits: there's a huge healthcare base, there's a huge higher education base." "The goal is to create efficiencies in these smaller properties that usually wouldn't exist." "Just get started, real estate is the right place to be…and then improve through iteration, don't expect to be perfect the first time." Highlights: 02:19 - Kent dives into his background in business making, real estate investing, building his portfolio, and consulting. 09:55 - Kent gives us insight into being a senior director at Birge and Held as well as running his own subsidiary, Private Select, at the company. 15:03 - Kent gives us a general sense of the underlying fundamentals of tertiary markets and the types of markets attracts his company. 18:24 - Kent tells us about the expansion of Birge and Held's portfolio. 22:00 - Kent goes through his thoughts on technology and how that plays in the efficiency of managing smaller properties. 38:40 - Kent talks about two barriers he's met when getting into the industry. 49:00 - Kent offers listeners his two golden nugget pieces of advice for those who are pursuing their own real estate investment careers. Guest Websites: KentRitter.com Kent's Podcast: Kent on Real Estate Birgeandheld.com Learn About Investment and Partnership Opportunities with Kevin and His Team 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
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Jul 27, 2021 • 31min

#333: Tech & Real Estate, The Future of Traditional Office Spaces, and So Much More! -with Jonathan Wasserstrum

Jonathan Wasserstrum is a real estate tech expert, and CEO and Co-Founder of SquareFoot. Founding Squarefoot in 2011, it poses as a new kind of commercial real estate company by helping other businesses find their next office space. It leverages technological innovation and human expertise to solve clients' needs and help guide them from initial inquiry to lease signing and beyond. The platform now features more than 300,000 office listings, 5,000 new listings monthly, and over 1,300 leases executed to date. Jonathan previously worked in the International Capital Group at Jones Lang LaSalle where he advised foreign and domestic clients on more than $3 billion worth of transactions globally. Quotes: "We have in-house teams of brokers in every market we cover to actually shepherd our clients through the process." "We are not a listing site, we are a tech and able brokerage…we just believe that tech and transparency make that leasing process 100x better than any alternative." Highlights: 02:17 - Jonathan gives us an overview of how he got started with Squarefoot. 06:35 - Jonathan gives Kevin a behind-the-scenes look at Squarefoot and how they operate as compared to typical brokerage, consulting, and cold calling. 08:54 - Jonathan tells us who his ideal clients are. 09:40 - Jonathan hones in on Squarefoot's plans moving forward. 12:12 - Jonathan provides his perspective on the future of office spaces in the wake of the pandemic. 19:18 - Jonathan talks about the pandemic and its impacts on the markets his company finds itself in. 22:17 - Jonathan talks about what it was like growing a tech brokerage and some of the most challenging aspects aside from covid. Guest website: https://www.squarefoot.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team 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
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Jul 20, 2021 • 31min

#332: Commercial Syndication, Limited Partnerships, Sponsorship Vetting, and So Much More! -with Brad Shepherd

Brad Shepherd is a real estate expert and the founder of Sugar House Investments. Having graduated college with a degree in Finance, Brad purchased his first rental property within months of graduating and quickly found his career take-off with a retail and hospitality startup in Utah. Playing a key part in this company's foundation, he spent his last four years there as president of the organization, guiding it through monumental growth. With well over a decade in the field, his experience includes management of hotel and vacation property, retail and café operations, development of retail and hospitality space, and raising capital from both domestic and international investors. Quotes: "My very first step into the commercial space was investing as a limited partner, and if I knew then what I know now, I wouldn't have made that investment. But I learned a ton from it, and I'm glad I did do it… it's helped me quite a bit as I'm going out there and talking to other potential investors." In regard to good sponsorships: "whatever systems need to be in place to work with an insurance adjuster to get things settled quickly, those things have to be in place." "When somebody asks me how to vet an opportunity, start with the team. What's their track record, get to know them, what's their style." "A good sponsor can make a mediocre deal, [and] do better than a mediocre sponsor can with a good deal." Highlights: 02:05 - Brad gives us an overview of his college background, his internship in Seattle, and how he got started in the real-estate space. 04:54 - Brad tells us how he transitioned into commercial real estate. 11:15 - Talks about the role teams play in the real-estate space, especially in Texas. 14:10 - Brad discusses how he's attracted limited partners towards investment opportunities. 16:50 - Brad talks about the vetting process in regard to sponsors and how he figures if they can meet the expectations of his team and investors. 17:56 - Brad delves into what he thinks went wrong during one sponsor partnership that wasn't the right fit/did not go well. 22:06 - Brad tells us where he believes he could have done better with this sponsor partnership. 24:16 - Brad tells us his answer to this question—what's more important: the sponsor or the deal? 25:56 - Brad talks about how his investment activities have changed during 2020. Guest Website: www.sugarhouseinvestments.com Learn About Investment and Partnership Opportunities with Kevin and His Team 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
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Jul 13, 2021 • 44min

#331: Multifamily, Syndication, Residential to Senior Housing Conversions, and So Much More! -with Prashant Kumar

Prashant Kumar is a real estate expert and syndicator. As Founder and Managing Partner at MyRealityGains, he applied his 25+ years of experience in corporate America to analyzing opportunities and managing his real estate operations. He acquires and holds stable, income-producing multifamily apartment complexes in emerging US markets with long-term capital appreciation. In addition to his investment activities, Prashant also runs a real estate meetup in NY as well as participating in numerous industry masterminds. Quotes: "I feel like the assistant living space, which can be explored further…is there but it's not like everyone is rushing there towards it because it's more of an operation intensive business." "[The senior assistant living space] is a very operation-intensive business. We come in as investors, we get it built, but even to do the operation [everything] has to be correct. So we have to find the right operation efficient company to do the work." "The biggest challenge with residential is to do the operations…number one operations and number two, from a scalability standpoint, getting a loan on those properties." "From a conversion standpoint, you will buy as a residential home, you will put the money to modify it… so you are talking about nine months worth of delay before you can go into the operation. And then filling up time can be anywhere from 3 to 6 months depending on what you do." "The biggest factor [at play in hotel to senior housing conversions] is the zoning. You know, if the hotel is empty doesn't mean you can go in and convert it. It depends on the town and if they're going to allow for assisted living in that area or not. Number two is the general population, the age group, and what is their income and the demand." Highlights: 2:04 - Prashant gives us an overview of his background in India, working in the corporate world, and how he got started in real estate. 5:23 - Prashant tells us how he went about managing his first single-family and multi-family investments. 7:30 - Prashant talks about his progression—how he went from his first single-family investment to the world of larger syndications and multi-family investments. 10:42 - Prashant describes his experience obtaining a property out of outward-bound marketing/cold calling efforts. 14:45 - Prashant tells us all about the senior housing space, his growth plans, and what attracts him to this sector. 18:40 - Prashant discusses his first two projects in the assisted living space. 19:18 - Prashant briefs the terms on SPA loans. 20:28 - Prashant talks about the distress aspects of residential and senior assistant investments. 23:24 - Prashant discusses where he's at in the turnaround process of his assistant living investments. 25:40 - Prashant discusses the challenges of residential housing versus the benefits of the larger scale senior housing space. 28:11 - Prashant tells listeners how single-family to senior care facility conversions work. 30:52 - Prashant dives into senior housing conversions out of extended stay/hotel spaces during the pandemic and what makes a good hotel for this type of conversion. Guest Website: https://multifamilyrealtygains.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team 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
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Jul 6, 2021 • 42min

#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: https://www.bigmikecall.com https://tempofunding.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team 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

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