The Millionacres Podcast

Latest Episodes:

Episode #54: Multifamily Investing at Scale with Michael Episcope, Origin Investments Aug 31, 2021

Show notes

Multifamily investing is one of the hottest sectors of real estate investing right now which creates unique opportunities and challenges for those in the space. Learn from Origin Investments CEO Michael Episcope how he evaluates investments in this changing landscape.

Michael Episcope one of the co-founders of Origin Investments. Founded in 2007, Origin Investments is a real estate investment firm that acquires multi-family properties in some of the country's fastest-growing markets like Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Houston and Raleigh. It has raised multiple funds for investors.

0:00 Introduction

1:11 What is happening in multifamily?

3:05 What types of multifamily are thriving?

5:12 What types of projects is Origin looking at?

7:33 How Origin is changing its strategy

10:02 How does Origin find sponsors?

11:45 Thoughts on accreditation

15:19 Real estate investing and taxes

19:40 What metrics should investors be looking at?

22:03 Funds vs. individual CRE investments

25:54 Michael's journey from commodities to real estate

32:47 Who are Origin's investors

34:14 The latest on opportunity zones

40:11 Other tax credit programs

44:11 The impact of current economic drivers on investing

49:08 Michael on his own home improvement

Rental Property Search with Jonas Bordo, Dwellsy Aug 24, 2021

Show notes

Jonas Bordo is the founder of Dwellsy, a growing rental platform for listing and finding rentals. In this interview we discuss the problems with aggregating rental data, alternatives to the security deposit, rental rates and other concerns for rental property owners and anyone curious about the rental space.

0:00 Introduction

1:04 Why is the security deposit system broken?

2:30 What can landlords use instead

3:44 The varying state rental laws

4:40 Data standards in rental listings

6:16 The challenges of aggregating rental data

9:39 Rental prices right now

15:06 Where people are moving to

18:53 The current eviction moratorium landscape

24:18 How Dwellsy makes money

27:48 Tracking rental laws

29:31 Staying compliant with fair housing

33:05 Pet rules for landlords

35:30 Photography for rentals

40:22 The value of search filters

Building A Multifamily Portfolio with Mike Hills of Atlas Real Estate Aug 17, 2021

Show notes

There's lots of opportunity in the rental property market. Mike Hills of Atlas Real Estate owns over 50 units including a condo, townhouse, single-family homes, duplexes, quad-plexes, an apartment and a trailer park. He shares his advice for investors, the markets he is invested in, and how real estate can be used throughout your investing career.

0:00 Introduction

1:30 Finding opportunities in this current market

3:25 How did you and your investors respond to the pandemic?

6:10 Mike's experience through the Great Financial Crisis

10:40 Using 1031 exchanges

12:55 How do you level up as an investor?

19:16 Financing larger buildings

21:55 Accessory Dwelling Units

27:04 The Denver market

30:05 Real estate in Phoenix

31:40 Other markets Atlas is looking at

36:40 The basics of property management

38:50 Crafting your exit strategy

42:45 Working with Zillow

45:34 The virtuous circle of real estate investing

Fix and Flip Loans with Michael Bourque of LendingHome Aug 10, 2021

Show notes

Getting funds is often the toughest part of any project and when it comes to hard money loans, many investors are scared to even begin the process. We dive into the basics of bridge loans with Michael Bourque, the CEO of LendingHome, one of the country's biggest lenders to real estate investors. In this conversation we discuss how to start your first flip, the current lending climate, and how to use financing to build your rental property portfolio or flipping business.

0:00 Introduction

1:29 Current lending market

2:30 What is the Lending Home flipping product?

3:19 How do interest rates impact the rates for these loans

4:30 What is the qualification process like?

5:30 Machine learning and loan approval

7:30 Lending rules by state

9:30 Consolidation in the lending industry

10:55 Competition in the lending space

12:59 Starting your first flip

16:25 When a loan starts going wrong

18:25 Impact of the pandemic on Lending Home

23:03 The SFR boom

25:35 Competing against iBuyers for home flippers

26:59 The LendingHome rental business product

29:40 Financing large scale building

32:07 A passive product for accredited investors

34:00 What is next for LendingHome

37:40 The growth in build to rent

38:32 LendingHome in 5 years

Fix and Flip Loans with Brian Dally of Groundfloor Aug 03, 2021

Show notes

This podcast features an interview with Brian Dally, the co-founder and CEO of Groundfloor. Groundfloor creates fix and flip loans for those interested in investing in home-flipping businesses. It's open to both accredited and nonaccredited investors and you can start for as little as $10. In the interview we discuss real estate crowdfunding, the current investing market, loan grading, and the future of real estate.

0:00 Introduction

0:37 Intro to Brian Dally and Groundfloor

1:13 The current market and Groundfloor

2:47 How investors are finding deals

4:40 Aging of housing stock

6:27 Partnership with PadSplit

8:01 How does Groundfloor work?

13:25 How to risk balance

15:50 How Groundfloor scores loans

21:08 How Groundfloor makes a profit

23:28 Supply and demand on the Groundfloor platform

25:37 Commodities and inflation

27:50 Balancing risk

32:24 Investor communications

35:36 Financing for ADUs

39:00 Are iBuyers competitors for investors?

40:42 Groundfloor on SeedInvest

43:35 Groundfloor's long-term goals

47:40 The future of real estate crowdfunding

Episode #49: Building Your Billion Dollar Portfolio with Brent Sprenkle Jul 27, 2021

Show notes

Building a billion dollar portfolio takes time… a lot of time in fact. Brent Sprenkle is an expert commercial real estate broker with over 20 years of experience working with billion dollar clients. In this episode we dive into the strategies and ideas that build billion dollar portfolios.

0:00 Introduction

1:17 Developing a billion dollar mindset

5:50 The bargain hunter real estate strategy

7:55 The cluster strategy

10:42 Understanding Cap Rates

14:10 Long term thinking to build a large portfolio

17:38 Don’t look at the history of the sales price

22:40 Managing your greed

26:07 Leaving upside in the deal

28:41 Deciding what renovations to pursue

32:40 Run your business like a Honda

35:50 Bouncing back from bad deals

38:10 The #1 Billion dollar personality trait

Episode #48: Single Family Home Investing with Gary Beasley of Roofstock Jul 20, 2021

Show notes

This episode is sponsored by RealtyMogul

The process of buying and selling homes in the United States has remained relatively unchanged for the past century. New Prop-tech startups like Roofstock are stepping in to change that. People are now buying and selling homes over the internet and this creates new opportunities for investors, both individuals and institutions. In this episode Roofstock CEO Gary Beasley shares his insight on the booming single family home market.

0:00 Introduction

1:37 The single family rental boom- Investment groups acquiring single family homes

4:05 How do institutional investments change communities

6:50 Are we in a housing bubble?

9:30 How did the eviction moratorium affect roofstock

11:14 Build to rent strategies

14:06 How has investor demand shifted since the pandemic

16:30 Working with iBuyers

18:15 Potential changes to the 1031 exchange

21:30 (BYOP) Bring your own property on roofstock

24:20 Using machine learning to scale real estate technologies

27:40 Vetting property managers

29:55 Increase in conventional and institutional investors

33:05 Different property portfolios

35:55 Analyzing recent migration trends

42:03 Click to buy homes and average transactions

43:30 The future of real estate investing

Episode #47: Retirement Accounts with Damion Lupo Jul 13, 2021

Show notes

Planning for retirement doesn’t have to be overly complicated. Our guest today Damion Lupo, of Eqrp, breaks down some of the basics and shares some advanced strategies for a wealthy retirement. Dive into the difference between tax deferred and tax free retirement accounts and learn more about planning for retirement as an entrepreneur and taking advantage of more complex options like the self directed ira and eqrp.

0:00 Intro

1:25 The basics of a self directed ira

3:55 Planning for retirement when you’re self employed

6:10 Enhanced qualified retirement plan vs self directed ira

8:35 The rules of an eqrp

10:32 Real estate crowdfunding through an eqrp

13:40 Required minimum distribution rules in eqrps

16:55 What is UBIT

18:30 Holding life insurance in your retirement account

19:40 The fees of eqrps

21:33 Setting up retirement accounts for your kids

24:45 Setting up an eqrp for your business

27:12 Start thinking of retirement early

30:13 Starting over and building back stronger

32:23 Diversifying in an eqrp

Episode #46: Real Estate Investing for Doctors with Dr. Mas Oishi Jul 06, 2021

Show notes

Dr. Masaki Oishi (Mas) is Co-Founder & Chairman of MarketSpace Capital where he directs major capital transactions and manages the firm’s investment committee. He attended Cornell University Medical College where he earned his MD degree in 1996 and has been practicing in Texas since 2003.

0:00 Intro

1:25 Starting in real estate young

2:53 Advice for young workers with high future income

5:49 Intuition and instinct in investing

8:12 Should doctors own their own office buildings

9:35 Thoughts on medical real estate

11:30 Wealth transfers and investing in lump sum vs. overtime

15:37 Diversifying within the real estate space

19:18 The shortcomings of telemedicine

22:55 Due diligence early in the investment process

26:45 The deal flow process

28:12 The inward migration to Texas

30:45 The increase in demand for single family rentals

36:00 Understanding pursuit costs

37:30 The importance of hiring professionals and building relationships with them

40:55 The start of marketspace capital

42:42 Tokenization and blockchain in real estate

47:40 Advice to people who want to get started in real estate

Episode #45: Tenant Screening with Steve White, RentPrep Jun 29, 2021

Show notes

The COVID-19 pandemic and subsequent eviction moratoriums have left many landlords confused and out of options this past year. Steve White, founder and CEO of RentPrep , is an expert in tenant screening and simplifying the landlording process. In this episode he shares his insights on screening high quality tenants and how landlords can build better relationships to keep good tenants longer.

0:00 Introduction

1:30 Tenant landlord relationships & current evictions moratorium

3:55 Tenant screening and importance of credit scores

8:36 Advertising a property

13:48 How individuals can compete with institutional landlords

16:34 Single family rental boom

20:55 Getting on the phone to screen tenants ??

23:40 Tenant priority laws and the future of renal laws

31:00 Ihe landlord process after tenants move in

37:08 Importance of leases and using a professional

38:28 Early signs of a difficult tenant

40:40 Advice for landlords when a tenant wants to break their lease