The Real Estate Takeoff

The Real Estate Takeoff podcast hosted by Mike Tighe and Shawn DiMartile, where we'll talk all aspects of anything real estate investing related, as we host a variety of guests who are active in the real estate game. Past guests including Grant Cardone, Michael Blank, & more! Be sure to follow the show on instagram at @therealestatetakeoff.

SPECIAL ANNOUNCEMENT: New Investment Opportunity! 20-Unit New Construction 800 Feet from the Ocean in San Diego 07/27/2024

Episode 237: Austin Allison Discusses Revolutionary Co-Ownership Platform, Pacaso 07/16/2024

Episode 237: Austin Allison Discusses Revolutionary Co-Ownership Platform, Pacaso Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode, Shawn DiMartile interviews Austin Allison, the innovative mind behind Pacaso, a burgeoning platform revolutionizing vacation home ownership. Broadcasting from Tuscany, Italy, Austin shares his journey from humble beginnings in Cincinnati, Ohio, to becoming a leading figure in real estate technology. He talks about his early ventures, notably DotLoop, and its acquisition by Zillow, and delves into his latest endeavor, Pacaso. This platform redefines second home ownership by enabling co-ownership of luxury vacation properties. Throughout the conversation, Austin elaborates on the inner workings of Pacaso. He explains how the model supports real estate investors in acquiring shares of high-value properties in prime locations for a fraction of the cost. Austin details the rigorous processes involved in managing these properties, from vetting and onboarding homes to ensuring seamless operation and maintenance, sidestepping common pitfalls associated with co-ownership. This episode is a must-listen for anyone intrigued by the future of real estate investment and the innovative solutions Pacaso offers to current market challenges. Key Takeaways: Transformative Co-ownership Model: Pacaso enables multiple owners to co-own luxury vacation homes, reducing costs and operational headaches Broad Market Access: Pacaso operates in over 40 destinations globally, including the U.S., Paris, London, and Mexico, offering diverse property options Seamless Management: Pacaso manages all aspects of the home, from maintenance to scheduling, ensuring a hassle-free experience for owners Resale Opportunities: Owners can sell their shares through Pacaso’s marketplace, providing liquidity and flexibility similar to traditional real estate transactions Growing Trend: Co-ownership is becoming more popular as housing affordability declines, allowing more people to enjoy the benefits of luxury property ownership How to connect with Austin: Website: Instagram: @pacasohomes LinkedIn: Austin Allison Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/32130477

Episode 236: Kyle Matthews Discusses Building a Nationwide Commercial Brokerage Empire 07/08/2024

Episode 236: Kyle Matthews Discusses Building a Nationwide Commercial Brokerage Empire Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: Join host Mike Tighe in this enlightening conversation with Kyle Matthews, a powerhouse in the commercial real estate industry. Broadcasting from Telluride, Mike dives deep into Kyle's journey from a college football player to founding the largest private commercial brokerage in America. Discover the trials and triumphs Kyle faced while transitioning from being a top-performer at Colliers International to establishing his own firm, Matthews Real Estate Investment Services. Kyle shares his foundational years, emphasizing his initial struggles in the real estate business, taking 17 months to close his first deal, yet how perseverance and hard work led him to success. He details the reasons behind starting his own brokerage and the steps taken to scale it nationwide, even discussing the intricacies of office operations, hiring practices, and his zero-debt philosophy. He also addresses the unique market challenges posed by rapidly rising interest rates and the fundamental shifts in office real estate post-COVID. Key Takeaways: Persistence Pays Off: Kyle’s journey underscores the importance of perseverance, taking 17 months to close his first deal and growing from failures Strategic Scaling: Key insights on how to scale a business nationwide by focusing on the right hires and maintaining a strong office environment Financial Prudence: Kyle’s adherence to a debt-free business model and the long-term benefits it offers Market Adaptation: Discussion on how high interest rates and other macroeconomic factors affect real estate and strategies to manage these changes Office Culture: Emphasizing the importance of an in-office work environment to foster collaboration and growth How to connect with Kyle: LinkedIn: Instagram: @kylematthewsceo Twitter: @kylematthrewsceo Website: Matthews Real Estate Investment Services Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/32041452

Episode 235: August Biniaz Discusses CPI Capital's Investment Strategy and Goals 07/01/2024

Episode 235: August Biniaz Discusses CPI Capital's Investment Strategy and Goals Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode of the Real Estate Takeoff Podcast, Mike Tighe sits down with August Biniaz, the Chief Investment Officer at CPI Capital, to discuss the intricacies of real estate syndication, particularly in the multifamily space. Broadcasting from Vancouver, Biniaz delves into his dual role in acquisitions and asset management, providing listeners with a behind-the-scenes look at how CPI Capital navigates the ever-changing real estate market. Throughout the episode, Biniaz shares insights on CPI Capital's implementation of the EOS (Entrepreneurial Operating System) to structure their long-term goals, including their ten-year ambition to be listed among the top 50 apartment owners in the U.S. The conversation also covers topics such as the challenges posed by the current economic climate, how CPI Capital is leveraging internal resources during slow deal periods, and strategic partnerships that enhance their market presence. Biniaz notably highlights the importance of educating oneself constantly and building a strong personal brand in real estate investing. Key Takeaways: Role of CIO in Real Estate Syndication: August Biniaz outlines his responsibilities at CPI Capital, emphasizing the importance of disciplined deal underwriting and effective asset management Leveraging EOS for Business Growth: Biniaz explains how CPI Capital uses the Entrepreneurial Operating System (EOS) to set and achieve long-term goals, providing a structured approach to growth Adapting to Market Challenges: Despite a slow deal period in 2023, CPI Capital focused on strengthening internal processes and partnerships, demonstrating the importance of adaptability and continuous improvement Cross-Border Syndication: Biniaz discusses the complexities and tax considerations of syndicating real estate deals in the U.S. while based in Canada, highlighting strategies for compliance and efficiency Education and Branding in Real Estate: Reflecting on his journey, Biniaz stresses the significance of continuous learning and building a personal brand to succeed in the competitive real estate market How to connect with August: August Biniaz on Real Estate Investing Demystified Podcast: Hosted by CPI Capital NMHC (National Multifamily Housing Council) Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/31956642

Episode 234: Trey Wheeler Discusses Real Estate and Brokerage Insights 06/24/2024

Episode 234: Trey Wheeler Discusses Real Estate and Brokerage Insights Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, host Mike Tighe welcomes Trey Wheeler, VP of Investments at Tailwind Investment Group. Trey shares his journey from corporate finance to multifamily real estate investing, offering a unique perspective shaped by his diverse experiences. The conversation dives deep into the nuances of commercial brokerage, the subtleties of underwriting, and strategic insights for navigating the multifamily market, especially in today’s volatile economic climate. Trey Wheeler explores the juxtaposition of working as a real estate broker and transitioning to a principal role, highlighting the significance of thorough underwriting and the importance of understanding market cycles. The episode also delves into the intricacies of listing properties, whether it's more beneficial to work with commercial brokers or residential agents, and how to create value as a sponsor. Trey imparts wisdom on thinking long-term, understanding market dynamics, and the benefits of having a cautious yet aggressive capital approach. Some key takeaways from this episode: Brokerage Insights: Trey discusses the profound impact of his experience in commercial brokerage on his investment strategies and career decisions Underwriting Best Practices: Emphasizes the importance of conservative assumptions, especially regarding rent growth and leverage, to ensure reliable profit margins Market Cycle Awareness: Highlights the necessity of understanding where we are in the real estate cycle to make informed investment choices Human Element in Real Estate: Treating everyone with respect and building lasting relationships is crucial for long-term success in the real estate business Strategic Capital Deployment: Trey touches on the advantages and disadvantages of different capital structures, including JV partnerships vs. discretionary funds How to connect with Trey: LinkedIn: Trey Wheeler Website: Stay tuned for more episodes of Real Estate Takeoff, where we bring you insights and experiences from industry experts to help elevate your real estate game. Listen to the full episode to dive deeper into the valuable lessons shared by Trey Wheeler. Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/31854392

Episode 233: Josephine Saffert Discusses Real Estate Development and Entrepreneurship 06/17/2024

Episode 233: Josephine Saffert Discusses Real Estate Development and Entrepreneurship Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this insightful episode, Shawn DiMartile is joined by Josephine Saffert, a dynamic real estate developer based in Nashville, Tennessee. Josephine shares her journey from immigrating to the U.S. from Germany to establishing a successful development company focusing on urban fill projects. She provides an in-depth look into her strategies for selecting development sites, managing interest rate risks, and creating unique design features that make her properties stand out in a competitive market. Josephine dives into the specifics of her projects, including her focus on luxury townhomes and horizontal development. She discusses the importance of positioning developments in up-and-coming neighborhoods and leveraging investor partnerships to bring these high-end projects to life. Additionally, Josephine introduces her educational initiative, Developer Academy, which helps real estate professionals break into the development industry by providing a comprehensive curriculum and networking opportunities. Some key takeaways from this episode: Strategic Site Selection: Josephine emphasizes the importance of choosing development sites in emerging neighborhoods that promise future growth and value appreciation Interest Rate Mitigation: She discusses the impact of fluctuating interest rates on development projects and the necessity of conservative underwriting and padding contingencies Unique Design Features: Josephine's projects stand out due to unique design elements like rooftop hot tubs and courtyard spaces that add significant appeal Educational Outreach: Developer Academy aims to empower real estate professionals to venture into development with a combination of online resources and community support Investment Strategies: Insights into structuring investor deals for different types of development projects, including single-family homes, townhomes, and build-to-rent communities How to connect with Josephine: Instagram: @josephinesaffert Website Instagram: @sapphiredevelop Website: Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/31764349

Episode 232: Shawn DiMartile and Alex Inabnet Discuss Multifamily Development Challenges 06/10/2024

Episode 232: Shawn DiMartile and Alex Inabnet Discuss Multifamily Development Challenges Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this engaging episode, Shawn DiMartile sits down with Alex Inabnet, a multifaceted real estate expert based in San Diego, to delve into the intricate world of real estate development and general contracting. With an eclectic background in construction management and a hands-on approach to multifamily developments, Alex offers a wealth of knowledge on the current real estate trends across different markets, especially in San Diego, Austin, and Tampa. Throughout their discussion, Alex reveals the challenges and nuances of the construction and development landscape, especially in high-demand areas like San Diego. He shares invaluable insights on how to navigate market volatility, the importance of hiring experienced partners, and the critical role of communication in mitigating risks in construction projects. This episode is a treasure trove of expert advice for anyone interested in multifamily real estate development, construction best practices, and strategic market analysis. Some key takeaways from this episode: A comprehensive discussion on the importance of strategic market selection, with a focus on secondary growth markets such as San Diego, Austin, and Tampa Insight into the high barriers to entry and regulations in California's real estate market compared to Texas and Florida The significance of effective communication and problem-solving in managing construction costs and project timelines The critical role of experienced business partners and mentors in successful real estate development Observations on current market trends and future predictions, particularly regarding interest rates and their impact on real estate investments How to connect with Website: Email: Phone Number: (318)-780-6513 Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/31671812

Episode 231: Antonio Cucciniello shares his journey and tips for real estate investing 06/03/2024

Episode 230: Achieving Time Freedom through Real Estate: A Conversation with Sarah Miskelly 05/27/2024

Episode 230: Achieving Time Freedom through Real Estate: A Conversation with Sarah Miskelly Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Sarah Miskelly shares her unique journey in real estate investing, from growing up in a modest apartment to becoming a successful investor and entrepreneur. She discusses the importance of starting early and learning from experienced investors, as well as the value of investing as a limited partner (LP) to gain valuable insights and build relationships. Sarah also emphasizes the need for due diligence when choosing partners and shares her own experience of investing with an untrustworthy general partner (GP). She provides advice for aspiring investors and highlights the importance of finding your niche and building authentic relationships in the industry. Sarah also discusses the current state of the market and offers insights on how to pivot and find profitable opportunities in any market condition. Some key takeaways from this episode: Starting early and gaining exposure to real estate at a young age can provide valuable knowledge and experience Investing as a limited partner (LP) allows individuals to gain insights into the investment process and build relationships with experienced investors Due diligence is crucial when choosing partners, and it is important to assess their track record, integrity, and alignment with your investment goals Building authentic relationships and networking are essential in the real estate industry, and attending conferences and meetups can provide valuable opportunities Pivoting and adapting to market conditions is key to finding profitable opportunities, and different asset classes may offer attractive prospects depending on the market How to connect with Sarah: LinkedIn: Sarah Miskelly Website: Hylee Capital Instagram: @sarah.miskelly Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/31470957

Episode 229: Real estate developer Aaron Yassin discusses the process of selling condominiums in New York 05/20/2024

Host Edition: Key Considerations for Real Estate Partnerships 05/15/2024

Host Edition: Key Considerations for Real Estate Partnerships 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 the important factors to consider when partnering with other investors for real estate deals. They provide valuable insights and advice based on their own experiences in the industry. The hosts cover topics such as the earnest money deposit, lending, asset management, property management, banking and financials, reporting to investors, construction and project management, and sale and disposition. They emphasize the need for clear communication and alignment of goals when entering into a partnership. Listeners will gain a better understanding of the key considerations and discussions that should take place before partnering with others in real estate investing. Some key takeaways from this episode: The earnest money deposit is an important topic to discuss before partnering with someone. It is crucial to determine who will be responsible for bringing in the deposit and ensure that all parties have the necessary liquidity When it comes to lending, the person signing on the loan should have a say in selecting the lender. It is important to consider the experience and qualifications of the individuals involved in the partnership Asset management responsibilities should be assigned to the person with the most experience and expertise in managing properties. This role involves overseeing day-to-day operations and making decisions to ensure the property performs according to projections The selection of a property management company should be based on merit and performance, rather than solely relying on a partner's existing company. It is important to evaluate the property management company's track record and ability to handle the specific property Banking and financials should be overseen by a responsible party who has access to the bank accounts and can manage the finances effectively. It is crucial to have checks and balances in place to ensure transparency and accountability Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/31298542

Episode 228: Real Estate Investor Ed Mathews Discusses Flipping Houses and Multifamily Investing 05/13/2024

Host Edition: Hosts Discuss Declining Revenue and Changing Strategies In The Airbnb Market 05/08/2024

Episode 227: Andrew Hines discusses his successful glamping resort and real estate pivots 05/06/2024

Host Edition: The Challenges of Building Affordable Housing in Expensive Cities 05/01/2024

Episode 226: Bobby Bryant Discusses His AI-Powered Real Estate Tech Startup 04/29/2024

Episode 226: Bobby Bryant Discusses His AI-Powered Real Estate Tech Startup 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 and personalized experience for buyers, sellers, and renters. Throughout the conversation, Bobby discusses the importance of belief and mentorship in achieving success. He emphasizes the value of finding mentors who are where you want to be and being willing to contribute and add value to their lives in return. Bobby also shares insights into the development of DOSS and how it aims to serve as a comprehensive life cycle solution for real estate, going beyond traditional search portals to provide a seamless experience from search to transaction to home servicing. Some key takeaways from this episode: Bobby Bryant's journey from being a teacher to entering the real estate industry was sparked by a chance encounter with his wife's uncle, a successful real estate broker Belief in one's ability to succeed is crucial when pursuing a new career or venture Mentorship plays a significant role in Bobby's success, and he emphasizes the importance of finding mentors who are where you want to be and being willing to contribute to their lives DOSS, Bobby's tech startup, aims to provide a comprehensive real estate experience by utilizing artificial intelligence to offer personalized search, transaction, and home servicing solutions The goal of DOSS is to go beyond traditional search portals and create a life cycle solution that serves buyers, sellers, renters, and homeowners through their real estate journey How to get in touch with Bobby: LinkedIn: Bobby Bryant, M.Ed DOSS: Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/30856133

Host Edition: Exposing NIMBY Misinformation & Building vs Buying 04/24/2024

Episode 225: Elijah Brown Discusses Real Estate Investing and Fund-to-Funds Model 04/22/2024

Episode 225: Elijah Brown Discusses Real Estate Investing and Fund-to-Funds Model 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 in the Sunbelt region, particularly in Arizona and Texas. Elijah provides valuable insights into the world of capital raising, including the process of vetting sponsors, establishing relationships with family offices, and navigating the legal aspects of the fund-to-funds model. Some key takeaways from this episode: Elijah Brown transitioned from being an active operator to focusing on the fund-to-funds model to achieve greater success and reduce the stress associated with managing properties By partnering with experienced sponsors, Elijah was able to scale his portfolio and gain access to larger deals and better investment opportunities The fund-to-funds model allows Elijah to raise capital from retail investors and allocate it to different sponsors and deals, providing diversification and risk mitigation Elijah focuses on investing in value-add multifamily properties in the Sunbelt region, particularly in Arizona and Texas, due to the favorable market conditions and population growth in those areas Building relationships with family offices and institutions is a long-term process that requires establishing trust, demonstrating a track record, and providing value to potential investors How to get in touch with Elijah: Website: LP Multifamily Calculator: GoldHawk Capital eBook: Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/30856048

Host Edition: Why We're Internalizing Property Management for Our Multifamily Portfolio 04/17/2024

Episode 224: Short-Term Rental Expert Bill Faeth Discusses Investing Strategies and Market Selection 04/15/2024

Host Edition: DEBATE: Where will interest rates be at the end of the year? 04/10/2024

Host Edition: DEBATE: Where will interest rates be at the end of the year? 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 hand, Mike presents data that suggests interest rates may remain stable or even increase based on metrics such as CPI inflation, PPI inflation, and PCE inflation. The hosts explore the potential consequences of different interest rate scenarios and discuss the implications for the economy and real estate market. Some key takeaways from this episode: Interest rates are a topic of much speculation and debate, with experts divided on whether they will decrease, remain the same, or increase in the near future Shawn DiMartile believes that interest rates will come down, citing 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 Mike Tighe presents data that suggests interest rates may remain stable or even increase based on metrics such as CPI inflation, PPI inflation, and PCE inflation The hosts discuss the potential consequences of different interest rate scenarios, including the impact on the national debt, government borrowing, consumer credit card debt, and the real estate market Real estate is often considered an inflation hedge, as rents tend to increase along with inflation, making real estate investments attractive in a high inflation environment Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/30759628

Episode 223: Navigating Challenges in the Multifamily Market: Lessons Learned from Mark Kenney 04/08/2024

Host Edition: Squatters' Rights: A Growing Concern in Real Estate 04/03/2024

Episode 222: Underwriting Multifamily Deals in the Current Market 04/01/2024

Host Edition: Am I "Throwing Money Away On Rent" Renting vs Home Ownership Analysis 03/27/2024

Episode 221: Challenges and Opportunities In The Real Estate Industry 03/25/2024

Host Edition: Marcus & Millichap's Top Multifamily Markets for 2024 Revealed 03/20/2024

Host Edition: Marcus & Millichap's Top Multifamily Markets for 2024 Revealed Follow Mike & Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, hosts Shawn DiMartile and Mike Tighe review the Marcus and Millichap 2024 Investment Outlook report. They examine the top multifamily markets nationwide and dissect the factors influencing their standings. The hosts investigate the balance between housing affordability and rental rates and its implications on various rental markets. San Diego's market dynamics are spotlighted, offering insights into its notable ranking. The episode wraps up with a conversation on interest rates and their potential repercussions on the real estate landscape. Here's what you can expect from the episode: The Marcus and Millichap 2024 Investment Outlook report evaluates top multifamily markets nationwide, considering job growth, vacancy rates, construction, housing affordability, and rent trends. Dallas, Fort Worth, San Diego, and Tampa/St. Petersburg emerge as top multifamily markets in the report, driven by robust job growth, low vacancies, and strong rental demand. San Diego's scarcity of new units, coupled with high demand from young professionals and construction obstacles, solidifies its position as a premier multifamily market. The city's pricey housing contributes to rental affordability. Cities like San Diego, Los Angeles, and San Francisco grapple with significant gaps in housing affordability between owning and renting, fueling rental demand and potential rent escalation. Interest rates wield considerable influence in the real estate market. Speculation on rate fluctuations sparks discussions on potential impacts on transaction volume and investor sentiment. Learn more about Mike and Shawn: Shawn: Mike: Website: /episode/index/show/av8capital/id/30395368

Episode 220: Opportunities and Challenges of Boutique Hotel Investing 03/18/2024

Host Edition: Baby Boomers, Housing Shortages, And NIMBYism 03/13/2024

Episode 219: Investing in Real Estate in Hawaii: Challenges and Lessons Learned 03/11/2024

The Real Estate Takeoff

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