Stay ConnectedTune in every Wednesday to Real Estate Anonymous with hosts Elliott White, Brett Moss, Eric Weatherholtz, and Michael Girdley. Explore the latest trends in real estate, learn how to discover, acquire, and evaluate properties, and get expert insights on market updates. Perfect for investors, property buyers, and real estate enthusiasts.
The #1 Podcast for discovering, acquiring, and evaluating Real Estate.
Copyright: © 2024 Real Estate Anonymous
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In Episode 30 of Real Estate Anonymous, the team takes a deep dive into a multifamily portfolio opportunity in Abilene, Texas.
Join us as we discuss the critical factors that make or break an investment in tertiary markets, focusing on cash yields, the potential (and limits) of value-add strategies, and the impact of today’s interest rates on real estate pricing. We also analyze how location plays a role in market performance, why vintage properties might appeal to certain investors, and examine the nuances of underwriting in secondary and tertiary markets.
Key highlights:
- Market Dynamics: Explore how the Texas rental market has shifted due to increased development and affordability.
- Risk vs. Reward: Understand why institutional buyers are now favoring newer properties, and what opportunities remain in older assets.
- Location, Location, Location: We break down the importance of choosing the right property basis in smaller markets like Abilene, where there is a clear ceiling on achievable rents.
- Investment Strategies: A detailed look at cash-on-cash return expectations, long-term holding strategies, and the hidden risks of betting on appreciation in tertiary locations.
Don't miss the insightful (and humorous) commentary on navigating rent comps, broker tactics, and why underwriting cautiously is critical in today’s economic climate. Tune in for an in-depth analysis that’s as informative as it is entertaining!
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In Episode 29 of Real Estate Anonymous, we dive deep into the Peachtree City retail market, exploring an intriguing 70,000-square-foot retail center just south of Atlanta. Eric, Brett, and Elliott provide an in-depth analysis on why this property is positioned for long-term value, especially for investors looking for stability in uncertain markets.
Key Highlights:
- Prime Location: Discover why Peachtree City—a planned suburb known for its golf cart culture and upper-income demographics—provides a unique environment for retail investment.
- Tenant Mix and Stability: This isn’t your typical strip mall. With a blend of local businesses and destination spots like restaurants and urgent care clinics, this center has a diverse tenant base with low vacancy risk. Learn why smaller tenants offer more flexible leasing terms and faster turnover, minimizing vacancy periods and maximizing occupancy.
- Market Dynamics and Competitive Advantage: Unlike typical big-box retail, this property offers destination retail that’s less vulnerable to e-commerce disruption. Surrounded by high-demand retail like Lululemon and Sephora, this center is poised to benefit from a mix of consumer traffic and upscale demand.
- Future Growth and Inflation Protection: As Atlanta continues its expansion,
Peachtree City’s value is expected to rise. We discuss why locking in at today’s prices could give investors an edge as rents climb with the market over the next decade.
Beyond the property’s financials, we also delve into the macroeconomic factors affecting today’s deals. From interest rate volatility to S&P trends, we examine how broader market shifts impact real estate decisions.
For anyone considering retail investment or looking to understand today’s suburban retail trends, this episode offers actionable insights from seasoned investors. Join us as we vote on whether this Peachtree City gem is worth adding to your portfolio—and why it might be the ideal opportunity for the right buyer.
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In this episode, Elliot White, Eric Weatherholts, and Brett Moss dive into a real estate opportunity in Charleston, SC, exploring an adaptive reuse project with lots of potential – and even more challenges.
- Charleston’s Market Potential – Why Charleston is hot for investors but comes with big price tags.
- Historic Building Hurdles – With roots going back to 1838, this property has a protected façade that complicates any big changes.
- Financial Reality Check – At $3.6 million, the numbers are tight. Can potential rental income really justify the cost?
- Respecting the ‘Real Estate Gods’ – A look at superstitions in real estate and why humility matters in tough deals.
- Insider Tricks & Local Expertise – From reading property flyers to understanding local zoning, the guys highlight the strategies that make or break deals in Charleston’s unique market.
It’s a deep dive into the highs, lows, and risks of this Charleston investment. Is it worth the gamble? Listen in to hear the team’s verdict!
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Welcome back to another episode of Real Estate Anonymous, where dumb guys talk smart real estate. This week, Andrew Schaper joins us to break down his playbook for transforming parking lots and outdoor storage into a profitable asset class, also known as iOS (Industrial Outdoor Storage). From RV and boat storage to strategic real estate development, Andrew shares how he and his team are turning dirt into dollars.
💡 In this episode, we cover:
- The magic of branding outdoor storage as an asset
- How to capitalize on parking lots and canopy storage
- Navigating zoning laws and floodplain issues
- Strategies for scaling outdoor storage facilities
- The hidden potential of industrial outdoor storage
🎙️ Guest:
Andrew Schaper – Real estate developer specializing in outdoor storage and light industrial spaces.
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In this episode, we dive into an extraordinary property located in Bartlesville, Oklahoma—a 19-story office building designed by the iconic architect Frank Lloyd Wright. Known for his innovative designs, Wright’s influence is evident in this 1956 building, standing tall at 50,000 square feet. It's a unique mix of art deco and mid-century modern styles, reminiscent of a Manhattan skyscraper, though it sits in the heart of America’s plains.
Originally commissioned by oil magnate Harold C. Price, this architectural marvel is a striking oddity in Bartlesville, constructed during the mid-20th century boom. The tower’s small office floor plans pose both challenges and opportunities for future adaptive reuse—whether as an art center, residential condos, or even a unique museum.
Join us as we discuss the potential of this historical gem and brainstorm creative ways to revitalize such an incredible structure.
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In this episode of Real Estate Anonymous, hosts Brett Moss, Eric Weatherholtz, Eliott White and Matt Lasky dive deep into the world of medical office buildings, focusing on a 150,000-square-foot property in Arlington, Virginia. They explore the value-add potential of the building, which is 67% occupied after a significant renovation. From parking constraints to leasing challenges and capital-intensive tenant improvements, the episode covers the complexities of investing in medical office spaces. Whether you're new to healthcare real estate or a seasoned investor, this episode provides critical insights into navigating the niche market of medical office properties.
Key Points Discussed:
1. Medical Office Building Breakdown – Analyzing the 150,000-square-foot property, its location, and value-add potential.
2. Challenges in Medical Real Estate – From parking issues to specialized tenant improvements, the hosts discuss the hurdles in operating medical office buildings.
3. Tenant Synergies and Mix – Why tenant referrals and patient experience are crucial in healthcare real estate.
4. Capital-Intensive Operations – Understanding the costs of tenant improvements and long-term lease commitments in medical office buildings.
5. Market Dynamics in Healthcare Real Estate – Why deep local knowledge and connections can make or break an investment in this space.
Follow Matt's journey on Twitter: https://x.com/MattLasky
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In this episode of Real Estate Anonymous, we dig into the fascinating world of luxury real estate with a deep dive into a high-end hotel in Park City, Utah.
This unique property comes with a hefty $30 million price tag, leaving our hosts Elliot White, Eric Westervelt, Brett Moss, and special guest Antonio Becerra wondering: Is this an investment opportunity or just a pricey toy for the ultra-rich?
We explore everything from the financials, the risks, and the challenges of running a boutique hotel in a high-barrier market like Park City. Tune in to hear why wealthy buyers might pay millions for a break-even business and what it takes to operate such a property.
Key Points Discussed:
1. Park City’s Luxury Real Estate Landscape – Why boutique hotels in affluent ski towns like Park City command astronomical prices.
2. Operational Challenges – From seasonal occupancy to historic renovations, learn the complexities of running a boutique hotel.
3. Investment vs. Toy – The psychology behind wealthy buyers purchasing luxury properties that don’t always make financial sense.
4. Market Dynamics – How Park City’s barriers to new development affect property values and investment potential.
5. Ownership and Management – Understanding the requirements for running a hotel, including conditional use permits and owner-occupied stipulations.
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In this episode of Real Estate Anonymous, we sit down with Kyle O’Hehir, also known as the "Debt Detective," to delve into the intricate world of distressed debt, buying loans, and turning liabilities into profits.
Kyle shares his journey from hedge funds to the complex, high-stakes game of loan acquisition. Along with hosts Eric Weather Holtz and Brett Moss, they explore how to sniff out distressed assets, navigate legal complexities, and thrive in the world of real estate debt. This episode is packed with insider tips for anyone curious about the strategies behind buying distressed debt.
Key Points Discussed:
1. Distressed Debt Strategy – Kyle’s unique approach to finding and acquiring distressed loans and turning them into opportunities.
2. Legal Complexities – Why buying debt means stepping into a legal minefield and how to manage litigation risks.
3. Residential vs. Commercial – Why Kyle avoids residential properties and focuses on commercial deals in the world of debt acquisition.
4. Market Insights – The team breaks down how the distressed debt landscape has shifted in the last year and what investors need to know.
5. Real-life Case Studies – Kyle shares examples of distressed debt deals, including risks, rewards, and lessons learned.
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In this episode of Real Estate Anonymous, the hosts dive deep into a mid-rise apartment complex in Fort Wayne, Indiana. They discuss the challenges of managing properties with dated architecture, small studio units, and the complexities of retail space in residential buildings. The conversation highlights strategies for creating community in multifamily developments, the pitfalls of relying on luxury branding, and the financial realities of affordable housing. The team explores whether this property, built in 1966, can still deliver value in today's market.
Key Points Discussed:
1. Mid-Rise Apartment Complex Overview - A breakdown of the 354-unit apartment building, its history, and key selling points.
2. Creating Community in Housing - How to foster community engagement and improve tenant retention in older properties.
3. Affordable Housing to Market Rate - Exploring the transition from affordable housing to market rate and what investors should look for.
4. Investment Risks and Opportunities - The financial considerations and hidden costs of managing older properties in third-tier markets.
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In this episode of Real Estate Anonymous, hosts Elliot White and Eric Weatherhultz head to Roswell, New Mexico, to explore the intriguing world of self-storage with Baird Kleinsmith, the self-proclaimed "Sultan of Storage." Baird shares his journey from fintech to real estate, detailing how he built a micro-empire of self-storage properties in Colorado and New Mexico. The discussion covers the nuances of self-storage as an asset class, the strategies behind managing and optimizing these properties, and the psychology of self-storage renters. Whether you're a seasoned investor or just curious about alternative real estate investments, this episode is packed with valuable insights.
Key Points Discussed:
1. The Appeal of Self-Storage - Baird's transition from fintech to self-storage and why he sees it as a lucrative asset class.
2. Operational Challenges and Opportunities - The complexities and opportunities in managing self-storage properties.
3. Market Dynamics - Understanding the self-storage market in Roswell, New Mexico, and how to identify profitable opportunities.
4. Risk Management - Strategies for mitigating risks in the self-storage business, including competition and market saturation.
Guest Information:
Baird Kleinsmith, known as the "Sultan of Storage," is an experienced investor in the self-storage industry, with a portfolio spanning multiple states.
- Connect with Baird on Twitter: https://twitter.com/sultanofstorage @SultanofStorage
- Connect with Baird on LinkedIn: https://www.linkedin.com/in/bairdkleinsmith
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Today's episode has a little bit of everything, from some nontraditional Airbnb ideas to our discussion of the complexities of a 20-unit rental property in Chicago that raises more questions than answers. You're not gonna find these ideas anywhere else.
Hope you enjoy
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In this episode, we're talking about Detroit's comeback. The city’s been through a lot, but now there’s buzz about a revival. Is it worth the hype? We break down what’s happening in Detroit, the investment opportunities, and whether it’s a smart move to get in now.
Thanks to this episode sponsor:
Bullpen is the workforce behind the commercial real estate industry, connecting CRE experts and companies for full-time, part-time, and hourly contract work.
From freelancers to full-time team members, Bullpen makes it easy to hire commercial real estate experts.
Go check bullpenre.com to get started.
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In this episode, we’re diving into a South Florida marina and RV park that’s up for grabs, with special guest Gelena Wasserman joining the discussion. We break down the key numbers and explore what makes this property unique—or potentially problematic. From sea level concerns to insurance issues, our hosts and Gelena share their insights on whether this deal is a smart buy or a tough sell.
Thanks to this episode sponsor:
Bullpen is the workforce behind the commercial real estate industry, connecting CRE experts and companies for full-time, part-time, and hourly contract work.
From freelancers to full-time team members, Bullpen makes it easy to hire commercial real estate experts.
Go check bullpenre.com to get started.
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In this episode, we break down a Florida multifamily property deal, chatting about everything from high insurance costs to managing scattered sites. We dive into how neighborhood perks can affect property value, who might be interested in buying it, and the role of foreign investment. With a mix of humor and honest opinions, Elliott, Brett, Eric, and our special guest Moses Kagan offer their take on whether this property is worth a look.
Thanks to this episode sponsor:
Bullpen is the workforce behind the commercial real estate industry, connecting CRE experts and companies for full-time, part-time, and hourly contract work.
From freelancers to full-time team members, Bullpen makes it easy to hire commercial real estate experts.
Go check bullpenre.com to get started.
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In this episode of Real Estate Anonymous, we're taking a close look at a potential buy: an executive tower in New Orleans.
This property sits in a lively area with great amenities like Whole Foods and Trader Joe's. But, before you get too excited, we also dig into the challenges, like high upkeep costs and competition from newer buildings. Is this a smart investment or a risky gamble?
Join us for a chat about the ups and downs of this deal, and get some tips on what to consider if you're thinking about getting into a property like this.
Thanks to this episode sponsor:
Bullpen is the workforce behind the commercial real estate industry, connecting CRE experts and companies for full-time, part-time, and hourly contract work.
From freelancers to full-time team members, Bullpen makes it easy to hire commercial real estate experts.
Go check bullpenre.com to get started.
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In this episode, Elliott White, Brett Moss, and Eric dive into the wild world of Florida RV parks. They chat about cash flow, luxury RV casitas, and even joke about turning RV parks into cemeteries or swinger resorts. Brett goes full "Florida man" with talk of gold chains and alligator mini golf, while Eric questions the investment's potential. Tune in for a fun and offbeat take on a unique real estate deal.
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In this episode, Elliott and Eric explore an exciting auction deal for a real estate opportunity in Santa Barbara, which is a little bit of everything.
They talked about the challenges and potential of redeveloping the site, from gutting the interiors to dealing with political and construction hurdles.
Elliott shares his ideas for transforming the property, preserving the beautiful exterior while creating a stunning new interior.
Eric highlights the risks and rewards of bidding in an auction and offers smart strategies to get the best price.
And brainstorm possibilities for the property, like turning it into a top-tier boutique hotel or a luxurious residence.
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In this episode, we review a great real estate opportunity with us on Newbury Street in Boston.
This location is a real winner. It's incredibly cool and irreplaceable. When you think about prime locations, this one stands out.
We're diving into a 24-unit mixed-use property, chatting about cap rates, retail rents, and why this spot is so special in Boston's real estate scene.
So tune in for a great episode.
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This episode is magic. We found property in South End, Charlotte, with old industrial buildings.
As Eric said: "When someone tells you they have a property for sale in South End Charlotte, your answer is yes, please. But then it's how much"
We talked about converting these spaces into trendy retail or entertainment spots. The location is cool but may be far from the main attractions. Some challenges include high property taxes, conversion costs, and parking needs.
So tune in for a great episode.
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In this episode of our Real Estate Anonymous, we go through the details of an $11.2 million student housing deal in Georgia. We discuss the prime location near multiple universities, the property's impressive 99% occupancy rate, and its potential for high ROI. Enjoy it
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In this episode, we explore different ideas for redeveloping an 83-acre mall in Washington, PA. We considered options like housing, industrial use, and a nostalgic 1980s-themed mall. Tune in to hear creative suggestions and insights on how to give this property a new purpose.
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Today we discuss a potential $20 million real estate investment in Buckhead, involving a 20,000-square-foot property with current tenants like hookah lounges. Significant investment is needed to attract premium tenants such as Lululemon or Trader Joe’s. The property's valuable billboard lease requires careful consideration. Great episode overall. Tune in and enjoy
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In this episode, we discuss a potential development opportunity involving multifamily housing and a hotel in North Carolina. We analyze the location's advantages, market demand, challenges, and conduct a rough valuation exercise. If you're into real estate or just love a good business story, tune in and enjoy our show
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Welcome to Real Estate Anonymous Episode 7!
Brett Moss, Eric Weatherholtz, and Elliot White are visiting New York to check out a Car Wash for sale. The question is- is this a real estate deal or business deal?
Tune in below!
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Welcome to Real Estate Anonymous Episode 6!
Brett Moss, Eric Weatherholtz, and Elliot White are visiting Miami to inspect an iconic office building off Biscayne Boulevardevard.
Tune in below!
Thanks to our friends at Re Cost Seg for sponsoring today's episode.
They are the premier provider of cost segregation studies.
Founded by serial entrepreneur and CPA Mitchell Baldridge, RE Cost Seg is revolutionizing how investors approach taxes and cash flow on their properties.
Are you tired of watching your hard-earned money go toward hefty tax bills? If you own an investment property, a cost segregation study from RE Cost Seg could help you save significantly on your taxes and keep more of your real estate income.
Their expert engineers dive deep into your property, uncovering opportunities for accelerated depreciation across every investment property type, from single-family rentals to large commercial properties.
Check them out: REcostseg.com/REApod.
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Welcome to Real Estate Anonymous Episode 5!
We have Brett Moss, Eric Weatherholtz, and Elliot White this week. The hosts dive into a build-for-rent play in Savannah, GA. Unfortunately- there are no buyers for this deal from the host's perspective.
Tune in below!
Thanks to our friends at Re Cost Seg for sponsoring today's episode.
They are the premier provider of cost segregation studies.
Founded by serial entrepreneur and CPA Mitchell Baldridge, RE Cost Seg is revolutionizing how investors approach taxes and cash flow on their properties.
Are you tired of watching your hard-earned money go toward hefty tax bills? A cost segregation study from RE Cost Seg could help you save significantly on your taxes and keep more of your real estate income if you own an investment property.
Their expert engineers dive deep into your property, uncovering opportunities for accelerated depreciation across every investment property type, from single-family rentals to large commercial properties.
Check them out: REcostseg.com/REApod.
Advertise with us by clicking here
For inquiries or suggestions, email us at media@girdley.com
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Welcome to Real Estate Anonymous Episode 4!
This week, we have Michael Girdley, Brett Moss, Eric Weatherholtz, and Elliot White. They broke down a multi-family space in Jacksonville, which gives everyone a pause.
Tune in below!
Thanks to our friends at Re Cost Seg for sponsoring today's episode.
They are the premier provider of cost segregation studies.
Founded by serial entrepreneur and CPA Mitchell Baldridge, RE Cost Seg is revolutionizing how investors approach taxes and cash flow on their properties.
Are you tired of watching your hard-earned money go toward hefty tax bills? A cost segregation study from RE Cost Seg could help you save significantly on your taxes and keep more of your real estate income if you own an investment property.
Their expert engineers dive deep into your property, uncovering opportunities for accelerated depreciation across every investment property type, from single-family rentals to large commercial properties.
Check them out: REcostseg.com/REApod.
Advertise with us by clicking here
For inquiries or suggestions, email us at media@girdley.com
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Welcome to Real Estate Anonymous Episode 3!
This week, we have Michael Girdley, Eric Weatherholtz, and Elliot White. Eric brings us a fascinating deal based in Venice, CA. It’s a creative space that used to be Snapchat's world headquarters and is listed for $55 million.
Tune in below!
Thanks to our friends at Re Cost Seg for sponsoring today's episode.
They are the premier provider of cost segregation studies.
Founded by serial entrepreneur and CPA Mitchell Baldridge, RE Cost Seg is revolutionizing how investors approach taxes and cash flow on their properties.
Are you tired of watching your hard-earned money go toward hefty tax bills? If you own an investment property, a cost segregation study from RE Cost Seg could help you save significantly on your taxes and keep more of your real estate income.
Their expert engineers dive deep into your property, uncovering opportunities for accelerated depreciation across every investment property type, from single-family rentals to large commercial properties.
Check them out: REcostseg.com/REApod.
Advertise with us by clicking here
For inquiries or suggestions, email us at media@girdley.com
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Welcome to Real Estate Anonymous Episode 2!
This week, we have Brett Moss, Eric Weatherholtz, and Elliot White breaking down a property in Dallas, TX, all while diving into a little bit of Shakespeare.
Thanks to our friends at Re Cost Seg for sponsoring today's episode.
They are the premier provider of cost segregation studies.
Founded by serial entrepreneur and CPA, Mitchell Baldridge, RE Cost Seg is revolutionizing how investors approach taxes and cash flow on their properties.
Are you tired of watching your hard-earned money go towards hefty tax bills? If you own an investment property, a cost segregation study from RE Cost Seg could help you save significantly on your taxes and keep more of your real estate income..
Their expert engineers dive deep into your property, uncovering opportunities for accelerated depreciation across every investment property type, from single-family rentals to large commercial properties.
Check them out REcostseg.com/REApod.
Advertise with us by clicking here
For inquiries or suggestions, email us at media@girdley.com
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Welcome to Real Estate Anonymous Episode 1.
Tune in every Wednesday to hear Eric Weatherholtz, Elliott White, Brett Moss, and Michael Girdley discuss what's happening in the real estate market.
Today's episode features Cocaine, Kurt Cobain, one of the most challenging areas in San Francisco, and IonRecourse working his magic to craft a story around a property that makes it seem way more appealing than it initially would have.
Please like and subscribe your favorite streaming platform.
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