The Millionacres Podcast

Latest Episodes:

Episode #26: Rental Properties 2021 with David Friedman of Knox Capital Feb 17, 2021

Show notes

In this episode, Millionacres editor Deidre Woollard talks with Charles Clinton, the CEO of Equity Multiple, about crowdfunding, the current market for commercial real estate, and how to allocate assets across different real estate sectors.

David Friedman has more than 15 years of experience in starting and leading technology companies in Boston. In 2018 he co-founded Knox Financial, a fintech company offering homeowners a smart and frictionless way to build wealth. A homeowner who is ready to move, or a landlord who already owns rentals, can put their property on the Knox Frictionless Ownership platform. Knox turns these properties into passive investments.

Timestamps:
00:00 Introduction

01:51 Journey to Knox Capital

03:28 Condo Investment

04:55 Not wanting to be a landlord

05:55 Arriving at service cost

07:11 Property holding

07:25 Payment program

08:20 Operating expenses impact on account balance

09:02 Reserve expenses for emergencies

09:29 Tax benefits

11:21 Baby Boomer Tsunami

11:43 1031 Exchanges

12:49 Benefitting from economy of scale

13:30 Building a network

14:07 Platform setup time

15:05 Owner advisement

16:06 Getting down payment

17:01 Number of properties on platform and markets

17:32 Choosing markets

20:41 Renter Information

22:17 Tracking property on platform

22:50 Raising funding to launch platform

24:08 Property Tech activity

25:58 Insurance Broker

27:40 Rent protections

28:46 Pandemic impacts

30:16 Introducing a new market

32:01 Competition in space

33:38 Crossover with real estate agent world

34:50 Referrals

35:26 Clients owning multiple properties

35:44 Investing in multiple markets

37:07 Market trends

38:46 High / Low standards

39:40 The future of Knox

41:08 Serial entrepreneur

42:40 Expanding into commercial

Episode #25: Crowdfunding with Charles Clinton, CEO of Equity Multiple Feb 09, 2021

Show notes

Charles Clinton, the CEO of Equity Multiple, a real estate crowdfunding platform for accredited investors. Prior to Equity Multiple, Charles was a real estate attorney with Simpson, Thatcher, & Bartlett where he worked with private equity on many real estate transactions.

Timestamps:
00:00 Introduction

02:04 Guest Introduction

02:21 Founding of Equity Multiple

05:20 Partnership opportunities

05:49 Evaluating deals

06:14 Working with IRA accounts

07:10 Transitioning to accepting self directed IRA capital

08:08 Bridge funding as a strategy

10:40 Requests through the Covid era

12:24 Asset allocation

15:26 Concerns about hotel performances in New York

16:32 Capital stack

18:24 Diversifying portfolio

22:28 Future proofing against catastrophe

25:05 Changing evaluation process

26:00 Administration policy impact

27:33 Crowdfunding rule changes

29:09 Regulation A Funds

29:49 Mobile Homes As An Investment Class

32:32 Opportunity Zone Mobile Home Fund

33:06 Opportunity Zones

33:50 Opportunities in Crowdfunding

35:51 Pandemic impact on geography

37:28 Advice to new crowdfunding investors

38:54 If you could be part of any real estate project, what would it be?

Episode #24: The Ins and Outs of iBuying with Cortney Read of Offerpad Feb 02, 2021

Show notes

In this episode, Millionacres Editor, Deidre Woollard talks with Cortney Read, Chief of Staff at Offerpad. They discuss iBuying, its impact on the residential real estate market, and the new solutions that companies are developing to attract home sellers.

Cortney Read is the Chief of Staff and Communications for Offerpad, where she works closely with CEO Brian Bair. She manages a variety of high-level, long-term and cross-organizational projects as well as overseeing Offerpad’s strategic communications, public relations and overall media relations efforts. Offerpad is one of the biggest startups in the IBuying space and is active in multiple markets.

Learn more at www.offerpad.com.

Timestamps:
00:00 Introduction

02:15 Guest Introduction

02:57 Offerpad getting into iBuying and definition

03:46 iBuying market through the pandemic

06:29 2020 trend

07:51 Buyer interest

08:41 Offered process

11:53 Pricing Interest

13:41 Migration trends

14:45 Market Future

16:45 Bidding wars in markets

17:35 Agent partnerships

19:23 Kinds of agents coming to Offerpad

20:01 Relationships with home builders

21:50 Delays in supply chain

22:30 More interest in new homes?

26:20 Making iBuying profitable on the large scale

29:27 Attracting customers

30:26 Home improvement advance program

33:42 Contractor relationships

34:40 Home age impacting market trends

35:31 Timeline entering new markets

38:00 challenges in smaller markets

39:50 human eyes on deals

40:46 Platform competition with individual investors

42:00 future plans

42:46 markets in operation

43:00 market strategy

43:50 Dream trophy house

Episode #23: Real Estate Taxes with Thomas Castelli of The Real Estate CPA Jan 26, 2021

Show notes

In this episode, Millionacres Editor, Deidre Woollard talks with Tom Castelli, CPA of The Real Estate CPA. They discuss the tax advantages of real estate investing and what investors need to keep in mind as they plan their tax strategies.

Thomas Castelli, CPA is a tax strategist and real estate investor who helps other real estate investors keep more of their hard-earned dollars in their pockets, and out of the government’s. He holds equity positions in several multifamily properties and participated in the syndication of an 82 unit apartment complex as a general partner. His real-life real estate investing experience, combined with his ever-growing arsenal of hard-hitting tax strategies, allows him to see eye-to- eye with clients in ways an average CPA never could.

Timestamps:
00:00 Introduction

02:04 Guest Introduction

03:15 Different concerns in 2021

05:25 Delay in tax filings

06:08 new changes

06:45 Administration changes

07:29 K1

09:04 K1 Deadlines

10:32 Disadvantes in filing an extension

11:12 Engage CPA

12:00 Investing in multiple states

14:02 Filing in multiple states

15:35 Preparing for visit with tax professional

21:16 1031 Exchange program changes

26:01 Opportunity zones

29:41 Stimulus Bill impacts

32:35 Things to know about REITs

34:31 Delays with REIT reporting

35:06 Advice on preparing tax records

38:13 Elaborating Capital gain strategies

39:24 Listener question - focus on paying off loan or sell home

40:44 Defining cost segregation study

42:33 Listener question - IRA withdrawal, avoiding penalties

Episode #22: From Toronto to Florida, Multifamily Investing with Sasha Cucuz of Greybrook Realty Partners Jan 19, 2021

Show notes

In this episode, Millionacres Editor, Deidre Woollard talks with Sasha Cucuz, the CEO of Greybrook Realty Partners. They discuss multifamily development, the impact of COVID-19, the future of co-living, and the differences between real estate in Canada and the U.S.

Sasha Cucuz is the CEO of Greybrook Securities Inc., a Toronto-based firm that invests in development and value-add properties. Sasha, is responsible for co-managing the firm's operation and investment strategy. Together with his partners, Sasha has played a significant role in growing Greybrook’s real estate investment portfolio to include over 80 multi-family and residential development projects throughout North America, representing over $17 billion worth of estimated completion value. Under Sasha’s leadership, the firm currently manages over $1.2 billion of equity on behalf of more than 6,800 high net worth individual and institutional clients located in over 30 countries.

Episode #21: What is Millionacres with Austin Smith Jan 12, 2021

Show notes

Born out of the Motley Fool brand, Millionacres demystifies real estate investing with classically Foolish advice. Millionacres exists to educate and empower investors to make great decisions and achieve success.

Millionacres is a comprehensive resource to help investors of all kinds become more successful with real estate. There's no one-size-fits-all solution; that's why you'll find content on REITs, rental properties, fix-and-flips, financing, commercial crowdfunding, and more on Millionacres.com and why the Millionacres Premium Services are designed to serve many types of real estate investors.

In this episode, Millionacres Editor, Deidre Woollard talks to Millionacres Managing Director Austin Smith about the origin of Millionacres, the Mogul and Real Estate Winners premium services and why 2021 should be great for real estate investors.

Episode #20: Senior Housing and the Future of Community with Sharon Wilson-Geno Jan 05, 2021

Show notes

Volunteers of America National Services owns and operates more than 30 senior living and care communities throughout the United States, as well as several hundred affordable senior, multi-family and special needs housing, and other real estate projects.

In this episode, Millionacres Editor, Deidre Woollard, interviews Sharon Wilson-Geno, who is responsible for the overall strategy and operations of Volunteers of America National Services.

Episode #19: Having A Disaster Plan with Coni Meyers Dec 29, 2020

Show notes

Coni Meyers is a life coach and she has worked with people on their personal transitions but now she has created disaster plans for people recovering from and responding to disasters. She's a former FEMA inspector and is creating a certification program for disaster specialists.

In this episode, Millionacres Editor, Deidre Woollard, interviews disaster preparation expert Coni Meyers of CKM Group. They discuss the importance of preparing for the unexpected for real estate investors, businesses and individuals.

Episode #18: Short Term Rentals with Matt Bray and Matt Argersinger Dec 22, 2020

Show notes

Matt Bray, Director of Millionacres and Matt Argersigner, Lead Investment Analyst for Millionacres Premium Services are both successful Airbnb hosts and long time real estate investors. While neither of them originally set out to become short term rental landlords, through hard work and planning they have excelled in this challenging investment strategy.

In this episode, Millionacres Editor, Deidre Woollard, interviews the Millionacres Matts about their experience as short term rental hosts. They discuss the host experience on the Airbnb platform as well as the unique challenges that 2020 has presented.

Episode #17: Investing in Foreclosures with Lisa Phillips Dec 16, 2020

Show notes

Lisa Phillips, founder of AffordableRealEstateInvestments.com helps Black Professionals build profitable rental property portfolios. Her clients are generally first-generation college, first-generation white collar, and she guides them toward real estate wealth by investing in minority neighborhoods. She has a background as an electrical engineer but turned to real estate after a layoff and invests in working-class neighborhoods in cities across the country. Lisa also runs a wildly successful Facebook group: the Sub30k Mastermind Group.

In this episode, Millionacres Editor, Deidre Woollard, interviews Lisa Phillips of AffordableRealEstateInvestments.com. They discuss Lisa’s personal story, investing in foreclosures as well as ways to ensure real estate investments are serving the local community.

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