Financial Independence Through Real Estate with Kaylee Mcmahon - CREPN #233
Commercial Real Estate Pro Network
Release Date: 01/30/2020
Multifamily Investing Pivots for 2025 with Vince Gethings - CRE PN #510
Commercial Real Estate Pro Network
Today, my guest is Vince Gethings. Vince is the co founder of and the owner of Wheelbarrow Profits Academy.
info_outline
BIGGEST RISK with Vince Gethings
Commercial Real Estate Pro Network
J Darrin Gross If you're willing, I'd like to ask you, Vince Gethings, what is the BIGGEST RISK? Vince Gethings What I've seen, it'd probably be over leverage. I know it's kind of the easy answer, but a lot of the issues that I've seen of people being forced their hand is forced to take action is because they're an over leveraged position and they don't have they don't have the working capital. They don't have the liquidity to kind of weather the storm. So they're being forced to take action where a lot of kind of more seasoned investors are sitting on their hands right now, and they...
info_outline
Delinquent Tax Investing with Brian Seidensticker - CRE PN #509
Commercial Real Estate Pro Network
Today, my guest is Brian Seidensticker. Brian Seidensticker, he founded , TSR in 2010 and in 2017 Brian partnered with software developer SDA solutions, a comprehensive workflow management system. And in 2020 Brian launched mount North Capital, a 506 C fund, providing capital to tax deed investors. And in just a minute, we're going to speak with Brian Seidensticker about Delinquent Tax Investing.
info_outline
BIGGEST RISK with Brian Seidensticker
Commercial Real Estate Pro Network
J Darrin Gross If you're willing, I'd like to ask you, Brian Seidensticker, what is the BIGGEST RISK? Brian Seidensticker I guess, you know, as far as buying tax deeds or the fund itself, it's for you to to, for me to interpret. Well, I think it's, it's from a tax, just tax sale properties, taxes and taxes in general, the biggest risk is the underlying property value, right? That That alone addresses the you know, is this, is this lien going to am I going to be able to make a return on this lien or this deed at the end of the day, or not? And that that is your number one risk?...
info_outline
Self-Directed IRA Note Investing with Eddie Speed - CRE PN #508
Commercial Real Estate Pro Network
Today, my guest is Eddie speed. Eddie speed is the founder of Note School, and in just a minute, we're going to speak with Eddie speed about opportunities in private, note investing.
info_outline
BIGGEST RISK with Eddie Speed
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. Eddie Speed, what is the BIGGEST RISK? Eddie Speed Losing my money and losing my money means that I bought a note and I don't get enough recovery to go pay off my investment and still make a yield. So that could be that that could relate to non performing notes. Performing notes, it does everything down the line. It's like at the end of the day. That is why I like buying first mortgages with a cushion between what the collateral is worth and what I invested in the note. And that's the simplest form to say at the end of the day. That's my safety net,...
info_outline
Return to Office Trends on Hospitality with Sundip Patel - CRE PN #507
Commercial Real Estate Pro Network
Today, my guest is Sandeep. Patel Sundeep is the CEO and co founder of companies, an asset management and fintech firm that specializes in commercial real estate, private credit, lending and investing. And in just a minute, we're going to speak with Sundip about the impact of return to Office trends on the hospitality industry.
info_outline
BIGGEST RISK with Sundip Patel
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you Sundip Patel, what is the BIGGEST RISK? Sundip Patel That's a great question. Darrin, by the way, so the biggest risk that I foresee, and in our business, is the underestimating of the impact of AI and to our business and everything we do, from assessing risk, evaluating risk, to, you know, funding that risk, the entire process. So we as a company have taken some bold steps to get ahead, to understand how we can apply AI and what it will mean. As as you remember when we started the conversation, my mission was to create jobs and maintain jobs. I live...
info_outline
AI in Real Estate with David Blumenfeld - CRE PN #506
Commercial Real Estate Pro Network
Today, my guest is David Blumenfeld. David is the co founder of , a Silicon Valley based consultancy dedicated to assisting traditional physical businesses and leveraging digital technologies. And in just a minute, we're going to speak with David Blumenfeld about how AI is transforming real estate.
info_outline
BIGGEST RISK with David Blumenfeld
Commercial Real Estate Pro Network
J Darrin Gross I'd like to ask you. David Blumenfeld, what is the BIGGEST RISK? David Blumenfeld We're going to answer it a couple different ways, if that's okay. So I think I mean, and this, this first one might, might seem like a self serving answer, but I think the risk for real estate companies in general for not looking at technology. And again, it doesn't have to be the biggest, you know, the biggest, the newest, the the flashiest, but if you're not incorporating technology into your your your day to day operations, whether it be from a marketing perspective, a company, a...
info_outlineFinancial Independence through Real Estate is available to you.
Kaylee Mcmahon is proof that if you are willing to hustle, you can create financial freedom through real estate. She is based in Texas and has tried a lot of different things, learned a lot and grown an impressive portfolio in a short amount of time.
Single Family Real Estate
In the beginning, Kaylee got her real estate license and worked as an agent and broker listing and selling single family properties. This availed her to do flips and learn how to manage projects. Flipping houses taught her that she has little patience for babysitting grown men, contractors, who cannot perform as they have promised. But the experience taught her what is involved in renovating a property.
Marketing
Regardless of what you do, in order for others to know what you do, you have to market yourself. Kaylee was featured on Ryan Harper’s Propelio TV, YouTube channel, which created a video resource for real estate investors. Here, she met and networked with real estate professionals with many different skill sets while growing her sphere of influence in real estate.
The Apartment Queen
At one of Propelio’s large networking events, she heard Will Crozier talk about the $780 Million portfolio of multifamily properties he acquired in just eight years. He explained how the economies of scale multiply with multifamily. At that moment, she knew the path to her future and true financial freedom through real estate. The Apartment Queen was born.
She connected with Will, and other investors and learned all she could.
Multifamily Syndication
To date Kaylee has syndicated six apartment properties in just under three years. The first two deals happened almost simultaneously. Kaylee raised all the money herself, and leveraged the experience of her partners. The experience of her partners provided Kaylee with a sounding board for her to solve the problems and issues that go with syndicating multifamily properties.
Her partners also provided the networth required with the banks to qualify for the loans. Lenders require your net worth be greater than the value of the property you are acquiring. When you are just starting out, this is a great opportunity to find and work with a high net worth investor.
Raising Money
Raising money in the beginning is tough. You have no track record, everything is new. The key she has learned is to continuously be raising capital. When she meets with her investors, she qualifies what her investor is looking for and how much they have to invest. Then she stays in touch with her investors.
Her efforts have paid off. Now her deals are getting oversubscribed, and she is able to raise millions in hours.
Independence
Real estate has provided independence for Kaylee. As an agent, she made enough money so that she could afford to live on her own. Her success has allowed her additional opportunities for networking and travel so that she can get away from work and recharge. Being alone provides her the time to evaluate what she is doing and how it is working for her.
BIGGEST RISK
Each week I ask my guest, “What is the Biggest Risk Real Estate Investors face?”
BIGGEST RISK:
I think the BIGGEST RISK in what I do, multi-family investing, is making sure that the deal the way that you buy it. If you don't buy it, right. Sorry, sucker!
The point is, is you want to buy it at the right price to where there's a margin of error. There's a margin. So, for example, if you screw something up, it's like, OK, well, we have enough cash sitting over here, we can fix that problem. Or you want to be as far away from foreclosure point as possible.
You know, everyone's everyone's freaking out honestly about, you know, these the cycle changing and coming. I think people are freaking out and that's going to cause an issue. I don't think that there really is going to be an issue probably for another three years. But I think because people are preemptively freaking out. You know, so you have to mitigate the risk.
So one thing I build in to the underwriting on a deal is you want to look at the market vacancy. So for me, I go ahead and say, OK, let's look at the deal. If we have to drop the rents or if we have to increase vacancy 10 percent. So I do that and then I take the rent number or the rent amounts we think we can get. And when I reduce rent and take the actuals. What it's doing today, not what we think we can, which is twelve. But on an actual worth doing today, I take that down 10 percent.
Let's decrease rents 10 percent because we have nonrecourse debt on these loans. Right. I check out the expenses and I use the expenses at the same rate of growth. So like if to expense growth every year. Expenses are going to increase. And so I say, OK, we're gonna grow 2 percent every year.
I could talk on this forever, but there's there's several stress tests that we put our deals through to make sure that we can ride out a recession, which I think is the biggest risk.
For more go to:
Website: theapartmentqueen.com
Podcast: #1 Leading Ladies