Passive Income Through Multifamily Real Estate

Passive Income Through Multifamily Real Estate Facebook Group

Charles Carillo on LinkedIn

Peter Pomeroy Email

Episode #306: Upgrading Investments and Weathering Storms with Charles Carillo Aug 07, 2023

Show notes

The world of real-estate investing is a wild ride and it takes a certain level of skill and experience to be able to face the challenges it presents. Today’s guest is a well-versed investor with a wealth of knowledge in both active and passive investment. Charles Carillo is a managing partner at Harborside Partners and the host of the Global Investors Podcast. Tuning in, you’ll hear about Charle’s real-estate upbringing, how his focus has shifted from C-class to B-class properties, what Harborside Partners’ investment strategy entails, and so much more! We delve into the things to consider when having conversations with investors before discussing why Charles does not seek investment to provide distribution. Finally, our guest shares a challenge he’s faced in his career and how he overcame it. Thank you for listening in!

Key Points From This Episode:

What led Charles to real estate investing and why his aim is to focus on B-class properties.
Why Charles won’t use investors’ money for C-class properties.
Charles talks about Harborside Partners and shares its business model with us.
Charles shares Harborside Partners’ investment strategy and their plan for the next year.
The dangers with not buying rate caps and how Charles has seen that play out recently.
How Harborside Partners approaches conversations with investors.
Why real estate investors only provide distributions based on cash flow.
Charles tells us about a real-estate challenge he experienced and how he overcame it.
What Charles has learned from his experience in an array of both active and passive investment opportunities.

Links Mentioned in Today’s Episode:

Charles Carillo on Twitter

Charles Carillo on Instagram

Global Investors Podcast on Apple Podcasts

Harborside Partners

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #305: Leveraging IRS-Compliant Cost Segregation Studies with Joseph Viery Jul 31, 2023

Show notes

Do you currently find yourself wondering about whether or not to do a cost segregation study? Or have you heard of it, but are wanting more information about the process? Then today’s episode is for you. Our guest on the show today is Joseph Viery, a cost segregation professional and the founder of US Tax Advisors Group Incorporated (USTAGI). By leveraging IRS-complaint cost segregation studies, Joseph has helped property owners defer or eliminate millions of dollars in income taxes. In our conversation with Joseph, we talk about what USTAGI encompasses and exactly what cost segregation is. He divulges an aha moment for listeners and also shares something he believes everyone should know about. To hear about the most common misconceptions investors make about cost segregation and his advice to passive investors, make sure not to miss out on this episode of Passive Income Through Multifamily Real Estate.

Key Points From This Episode:

The journey of how Joseph became a cost segregation professional (CSP).
He explains more about the Us Tax Advisors Group.
Joseph elaborates on what cost segregation is.
What 100% bonus depreciation means.
We divulge an aha moment for listeners.
Joseph goes through the three reasons you wouldn’t want to do cost segregation.
The point where it makes sense to consider cost segregation.
Joseph shares something everyone should know about.
The most common, incorrect, assumptions investors may have about cost segregation.
Advice to passive investors to encourage reluctant sponsors to consider doing a cost segregation study.

Links Mentioned in Today’s Episode:

Joseph Viery on LinkedIn

USTAGI

VSV Fund II

Passive Income Through Multifamily Real Estate Facebook Group

Peter Pomeroy Email

Episode #304: Solving the Problem of Short-Term Rentals with Sief Khafagi Jul 24, 2023

Show notes

Today we host a fascinating conversation with Sief Khafagi, the Founder of Techvestor! After a successful career in tech and some time spent at Facebook, Sief took a leap into the unknown, resigning during the pandemic to spend more time with his young family. This led to him exploring the opportunity presented by the short-term rental space, and what he found inspired him to start his business. Essentially, Sief believed he could use data and a simple approach to value, to solve the common issues associated with short-term rentals, and in our conversation, we get to hear exactly how he and his team did this. Sief talks about his vision for the future, why he sees America becoming more mobile, and also gets into some of his personal habits and values that keep him healthy and grounded. Join us to hear it all from this inspiring guest!

Key Points From This Episode:

Sief takes us a through a little of his professional background and time at Facebook.
The decision to leave Facebook and how this led to starting Techvestor.
The problem that Sief aimed to solve with Techvestor, and how this evolved.
Unpacking the simple business model at Techvestor.
How Techvestor optimizes for revenue and profitability.
Sief talks about their criteria for properties and their emphasis on seasons.
The kinds of customers that Sief and his team are targeting.
Exit strategies at Techvestor and the priorities for the process.
Understanding the inclusion of a data page on the Techvestor website.
Thinking outside of the box and finding the right investors to educate.
The personal practices that help Sief stay on top of his work.
How and where to connect with Sief and Techvestor!

Links Mentioned in Today’s Episode:

Sief Khafagi on LinkedIn

Techvestor

Techvestor on Twitter

Vrbo

Airbnb

Passive Income Through Multifamily Real Estate Facebook Group

The Passive Mobile Home Park Investing Podcast

Peter Pomeroy Email

Episode #303: Tenacity and Mental Strength with Andrew Keel Jul 17, 2023

Show notes

Mobile home parks are an interesting branch of passive real estate investments, and today we have a fascinating conversation about finding success and profit in this sector with Andrew Keel, from Keel Team. The CEO and Founder of the company, Andrew has managed to build a great portfolio and business around a hands-on approach to mobile homes, and we get the inside scoop from him on what has enabled him to do this. Andrew kicks things off by talking about how and why he landed in this type of asset class, and the factors and talents that have contributed to his passion and progress. From there, we get into a little about his geographic choices, how his philosophy has grown and evolved, and some of his thoughts on the current state of the market. We also touch on property management ideas, financing tools, and much more, so tune in to hear it all!

Key Points From This Episode:

How Andrew found his way into investing in mobile home parks.
Andrew explains a little about the MHU and what they provide.
The evolution of Andrew's investment and strategy.
Andrew talks about the market, competition, and pricing over the last five years.
How to go about building relationships and Andrew's approach with owners.
The best value ad opportunities in Andrew's work.
Low-hanging fruit that is not worth pursuing; Andrew talks about the hurdles he avoids.
Andrew's best practices for property management.
Financing and debt; Andrew talks about the typical practices at Keel Team.
The hold strategy that Andrew and his team prefer.
How the economic environment is impacting equity right now.
The story of Andrew's third mobile home park and a close call with some gifted chili!
How Andrew's experiences with Iron Man have improved his determination in business.
The best place to find and connect with Andrew online!

Links Mentioned in Today’s Episode:

Andrew Keel on LinkedIn

Keel Team

MHU

Deals on wheels

Passive Income Through Multifamily Real Estate Facebook Group

Will Matheson on LinkedIn

Peter Pomeroy Email

Episode #302: The Transition from Brokerage to Ownership with Will Matheson Jul 10, 2023

Show notes

Today’s episode tells the story of twin brothers who, despite having no track record, no ownership experience, and very little equity, bet on themselves and jumped into starting a company together. Will Matheson and Evan Matheson are the co-founders of Matheson Capital and Will joins us today for a chat. In our conversation today we discuss what inspired the brothers to attend the real estate program at Columbia, Will’s thoughts on growing your network, and the flow of their acquisitions from small to large. He talks about investment strategies he’s most and least excited about and how investor sentiment has changed over the last 18 months. Tune in to hear his most memorable close-call experience as a real estate investor and how he dealt with it. For all this and more, start listening now.

Key Points From This Episode:

What made Will and his twin brother jump into the program at Columbia.
Their start and how they scaled their company to a hundred million dollars.
Will shares the flow of their acquisitions when they started their company.
Growing the network out and his thoughts on having happy investors.
When they decided to move from smaller to larger properties.
He talks about their current business model and what that looks like.
Product types that have piqued their interest in our current economic environment.
The investment strategies he’s most and least excited about.
The value ad properties he finds to be a real opportunity.
Where their equity capital is coming from.
His thoughts on how investor sentiment has changed over the last 18 months.
The aspects of the deal they are currently focused on.
Will shares a close-call experience as a real estate investor and how he dealt with it.
Best practices for working with a co-founder; especially if that person is your twin.

Links Mentioned in Today’s Episode:

Matheson Capital

Marcus & Millichap

Passive Income Through Multifamily Real Estate Facebook Group

Artem Milinchuk on LinkedIn

Peter Pomeroy Email

Episode #301: Investing in Farmland for Passive Income with Artem Milinchuk Jul 03, 2023

Show notes

When thinking of investing in property, the idea of the typical suburban home comes to mind, but have you ever considered property in the form of farmland? Join us as we welcome Artem Milinchuk, founder of FarmTogether, to discuss the benefits of investing in farmland. Discover how FarmTogether provides accredited investors access to institutional quality farmland, offering passive income and supporting sustainable agriculture. In our conversation, we explore the historical returns of farmland, its similarities to multi-family real estate, and FarmTogether's unique approach to acquiring and managing farmland. Artem explains the fundamentals of investing in farmland, the risks and benefits, the different products FarmTogether has for investors, and much more! Don't miss this insightful episode on the potential of farmland as an attractive investment option with Artem Milinchuk!

Key Points From This Episode:

Introduction and a brief background about today’s guest, Artem Milinchuk.
The motivation behind starting FarmTogether.
Discover how FarmTogether is helping farmers.
Why investing in farmland is a good business decision.
Learn about the similarities between multi-family real estate and farmland.
Artem explains FarmTogether's business model.
How FarmTogether is able to acquire properties.
We discuss the range of farm sizes and locations FarmTogether has in its portfolio.
Find out how seasonality impacts their investment approach.
He unpacks the different options FarmTogether has for investors.
Overview of the risks and benefits of investing in farmland.
What the short-term goals of the company are.
Artem shares advice for fellow entrepreneurs.

Links Mentioned in Today’s Episode:

Artem Milinchuk on Twitter

Artem Milinchuk Email

FarmTogether

Passive Income Through Multifamily Real Estate Facebook Group

Joel Friedland on LinkedIn

Peter Pomeroy Email

Episode #300: A Guide to Relationship Building with Joel Friedland Jun 26, 2023

Show notes

Industrial real estate broker, owner, and Principal at Brit Properties, Joel Friedland, has a 40-year track record in industrial real estate, having secured more than 2,000 industrial property leases and sales. If you asked Joel his greatest career accomplishment, he would say that it’s his ability to maintain valued relationships spanning five decades. In today’s episode, he offers insight into his tried-and-true code of conduct for building lasting relationships, loosely based on Don Miguel Ruiz’s The Four Agreements (a highly recommended read from our guest). Joel also shares a few anecdotes that illustrate how you can build relationships anywhere, whether you’re driving down the road or picking up your dry cleaning. We take a deeper look at the industrial product type, current investor sentiments in the space, and the deal structure at Brit Properties. Tune in today for all this and more!

Key Points From This Episode:

The story of Joel’s introduction to industrial real estate.
Joel’s guide to building relationships which starts with never taking it personally.
Interested is interesting: how you can benefit from listening and asking questions.
Why Joel loves the industrial product type (and his backyard market of Chicago).
An insider’s look at Joel’s class B and C industrial niche.
Investor sentiments in the industrial space post-COVID.
All-cash, no mortgage, no debt: insight into Brit Properties’ deal structure.
What to do first when you lose an investor's money.
Tips for making major decisions.

Links Mentioned in Today’s Episode:

Brit Properties

The Four Agreements

Passive Income Through Multifamily Real Estate Facebook Group

Anthony DeAugustine on LinkedIn

Peter Pomeroy Email

Episode #299: How to Use Property Managers Correctly with Anthony DeAugustine & Bob Myers Jun 19, 2023

Show notes

Property managers are key players in getting the best deals for their investor clients. But it’s not only about the sale; there many are other ways that property managers help their sponsors maximize their earning potential on any given property. So, joining us today with some important advice on how to use property managers correctly is the Owner of Avant Garde, Anthony DeAugustine, and his Vice President, Bob Myers. After gaining a sense of the properties that our guests manage, we learn about investor behaviors surrounding value adds, whether mid-century rentals will reach a point where big renovations are justified, and why the Phoenix housing market is not on its deathbed as portrayed by mainstream media and analysts. Then, we get into the meat of our conversation as Anthony and Bob explain how they help their clients with preliminary evaluations, why construction and renovation costs matter, what ‘loss to lease’ and ‘contract service’ means, and why you should always have a replacement reserve fund. We end our discussion by taking a deeper look at value adds for mid-century, 50-unit properties, and our guests share some incredible advice for how first-timers and investors who want to scale up should approach Avant Garde and other property managers.

Key Points From This Episode:

A warm welcome to the team from Avant Garde, Anthony DeAugustine and Bob Myers.
The properties that Avant Garde manages and how the market has changed since last year.
Why investors are wary of taking on the value add risk with their exchange money.
The vintage range of the properties that Avant Garde is currently managing.
When (and if) rent for mid-century units will recover enough to accommodate big renovations.
Why the Phoenix housing market is not doomed as the media paints it out to be.
How Anthony and Bob help investor clients with their preliminary evaluations of properties.
The importance of understanding the full scope of construction and renovation costs.
Our guests define and then give examples of ‘loss to lease.’
Listing everything that qualifies as a contract service, and how to right-size your expenses.
Why you should always have a replacement reserve and where you should put the funds.
Advice for how to work with companies like Avant Garde when scaling up your investments.
What the perfect amount of value adds look like for a 50-unit, mid-century property.

Links Mentioned in Today’s Episode:

Anthony DeAugustine Email

Anthony DeAugustine Phone Number: 602-741-8054

Bob Myers on LinkedIn

Bob Myers Email

Bob Myers Phone Number: 602-501-8271

Avant Garde

VSV Fund II