Host Edition: Exposing NIMBY Misinformation & Building vs Buying
Release Date: 04/24/2024
Host Edition: The Challenges of Building Affordable Housing in Expensive Cities
The Real Estate Takeoff
Follow Mike and Shawn on Instagram: Shawn: @shawndimartile_ Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges of building affordable housing in San Diego, California. They delve into the numbers and costs associated with constructing affordable housing units, highlighting the reasons why it is difficult for developers to build such projects without government intervention. The hosts also explore the role of tax incentives and subsidies in making affordable housing projects financially viable. Through their...
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Episode 226: Bobby Bryant Discusses His AI-Powered Real Estate Tech Startup
The Real Estate Takeoff
Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Mike Tighe interviews Bobby Bryant, a seasoned real estate professional and the founder of DOSS, a tech startup that leverages artificial intelligence to revolutionize the real estate industry. Bobby shares his journey from being a teacher to entering the world of real estate, highlighting the pivotal moment when he met his wife's uncle, a successful real estate broker. Inspired by this encounter, Bobby embarked on a career in real estate and eventually founded DOSS to provide a more efficient...
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Host Edition: Exposing NIMBY Misinformation & Building vs Buying
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss their transition from buy and hold multifamily investments to ground-up development. They explain the reasons behind their pivot, including the rising costs of existing properties compared to the cost of building new ones. They highlight the benefits of ground-up development, such as lower expense ratios, higher profits, and the ability to provide affordable housing options. The hosts also address misconceptions and...
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Episode 225: Elijah Brown Discusses Real Estate Investing and Fund-to-Funds Model
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Elijah Brown joins host Mike Tighe to discuss his journey in real estate investing and his transition to the fund-to-funds model. He shares his experiences as an active operator, the challenges he faced, and the lessons he learned along the way. Elijah explains the benefits of partnering with experienced sponsors and the importance of focusing on what you're best at in order to scale your portfolio. He also discusses his investment strategy, which involves targeting value-add multifamily properties...
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Host Edition: Why We're Internalizing Property Management for Our Multifamily Portfolio
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss their decision to internalize property management for their multifamily portfolio in San Diego. They explore the challenges they have faced with third-party property management companies and the inefficiencies they have observed in the leasing process. Shawn and Mike highlight the importance of control and the ability to optimize the leasing process to attract and retain tenants. They also emphasize the cost savings and...
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Episode 224: Short-Term Rental Expert Bill Faeth Discusses Investing Strategies and Market Selection
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Shawn DiMartile interviews Bill Faeth, a successful short-term rental operator and real estate investor. Bill shares his journey from long-term rentals to short-term rentals and explains why he believes short-term rentals are the number one asset class today. He discusses the benefits of short-term rentals, including cash flow and tax advantages, and shares his strategies for finding and investing in profitable properties. Bill emphasizes the importance of market research, underwriting, and...
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Host Edition: DEBATE: Where will interest rates be at the end of the year?
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile engage in a lively discussion about the future of interest rates. They present contrasting viewpoints on whether interest rates will decrease, remain the same, or increase in the coming years. Shawn argues that interest rates will come down due to factors such as the Federal Reserve's intention to cut rates, the impact of high interest rates on the national debt, and the need to address the shortage of housing. On the other...
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Episode 223: Navigating Challenges in the Multifamily Market: Lessons Learned from Mark Kenney
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Shawn DiMartile interviews Mark Kenney, co-founder of Think Multifamily, about his experiences and lessons learned in the multifamily real estate industry. Mark shares insights from his 30-year career, discussing the challenges he has faced, particularly in the past year. He highlights the impact of rising interest rates, increasing insurance costs, and eviction delays on multifamily investments. Mark also provides valuable advice for aspiring investors, emphasizing the importance of...
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Host Edition: Squatters' Rights: A Growing Concern in Real Estate
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Mike: @miketighe_ Shawn: @shawn_dimartile In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss the topic of squatters' rights. They delve into the legal and practical implications of squatters occupying properties without permission and the challenges faced by property owners in dealing with this issue. The conversation covers real-life examples of squatters' rights cases, the history of adverse possession laws, and the impact of current legislation on landlords. Listeners gain valuable insights into the...
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Episode 222: Underwriting Multifamily Deals in the Current Market
The Real Estate Takeoff
Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, our host Shawn DiMartile interviews Rob Beardsley, co-founder of Lone Star Capital, about the current state of the multifamily industry and how to underwrite deals in today's market. Rob shares insights on the changing landscape of rent increases, the impact of the supply pipeline on rent growth, and the importance of being strategic with capital expenditures. He also discusses the shift in cap rates and the opportunities for investing in higher-quality assets. Rob emphasizes the importance of...
info_outlineFollow Mike and Shawn on Instagram!
- Shawn: @shawn_dimartile
- Mike: @miketighe_
In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss their transition from buy and hold multifamily investments to ground-up development. They explain the reasons behind their pivot, including the rising costs of existing properties compared to the cost of building new ones. They highlight the benefits of ground-up development, such as lower expense ratios, higher profits, and the ability to provide affordable housing options. The hosts also address misconceptions and criticisms surrounding complete communities programs and zoning laws. Overall, this episode provides valuable insights into the world of real estate development and the advantages of ground-up construction.
Some key takeaways from this episode:
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Replacement costs for existing multifamily properties have met or exceeded current pricing in most parts of the country, making ground-up development a more profitable option
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Building new multifamily properties allows for lower expense ratios and higher profits compared to purchasing existing properties
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Ground-up development provides the opportunity to create affordable housing options and avoid rent control regulations for the first 15 years of ownership
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Value-add properties may appear attractive, but they often come with higher expense ratios and potential issues due to aging infrastructure
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Complete communities programs aim to increase housing density and provide affordable housing options, benefiting both developers and low-income renters
Learn more about Mike and Shawn:
- Shawn: www.investorshawn.com
- Mike: www.investormike.com
- Website: www.takeoffcapital.com