Welcome to the pilot episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Luis Becker, a full-time multifamily investor who came from Venezuela in 2015. Luis owns 200 apartments in Florida, 52 units in Miami and also has properties in Gainesville. Today Luis shares his experience in real estate, plus some great tips on how to achieve financial freedom through multifamily housing. All this and much more, up next.

00:40 - Introducing Luis Becker
01:25 - The first real estate experience: turning a warehouse into a medical facility in Venezuela
02:30 - Coming to the United States: first deals and getting loans
08:10 - The first investment: tha Gainsco deal 
09:40 - The importance of networking and identifying good deal: a story
14:05 - Checking out the competition
15:45 - Developing land
17:50 - Refinancing with Fannie May to remodel and increase rent
19:25 - Turning land into a multifamily complex through a HUD Program 23:03 - Educating yourself
25:40 - Learning from the biggest mistakes: financing, being overenthusiastic and partners 31:40 - What does financial freedom mean to you? 
33:10 - Reach out about the Gainesville deal

#01 - Luis Becker - Achieving Financial Freedom Through Multifamily Housing

Welcome to the second episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today we welcome Adrian Acosta, an attorney specializing in evictions and family law, and counsel of SAR Apartment Capital. We will discuss what's going on with Covid and the CDC moratorium laws, as well as how to handle problematic tenants and money damages. All this and much more, up next.

01:10 - Introducing Adrian Acosta 
03:23 - CDC moratorium on evictions: what landlords need to know 
06:31 - The importance of filing early 
08:20 - What to do about problematic tenants
11:28 - Going after money damages
12:56 - Wanting possession of the property back
14:03 - Terminating month-to-month tenancy
15:08 - Adrian’s most difficult eviction 
19:23 - Why landlords financing deposits and moving cost to their tenants could a bad idea 20:50 - The biggest failures 
22:56 - What to do about damages to the property
24:40 - Cash for keys 
25:30 - Where to reach Adrian
26:10 - Corporations always need to be represented by counsel

#02 - Adrian Acosta On Problematic Tenants, Evictions And Money Damages

Welcome to the third episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome David Frasz, an investment consultant and advisor. Today we will discuss all about loans, what different options are there, when to reach out to an investment consultant, and why you want to have a business plan in mind before jumping in. All this and much more, up next.

David Frasz, the investment consultant who does all of our finances and one of my advisors for anything that has to do with getting a loan in multifamilies. before I take a deal I always run it by David.

00:00 - Introducing David Frasz
01:08 - Getting into Real Estate and financing in commercial loans
03:54 - How we met: inspecting a property
05:47 - Getting into multifamily
07:33 - Financing during Covid: what's the new norm and what should investors expect? 
10:34 - What advice would you give to an investor that is looking to finance his first deal in Fannie or Freddie?
12:47 - When you may need to get a property manager
14:46 - Financing nationwide
15:17 - When to reach out to an investment consultant
18:30 - Overcoming a challenging deal
21:34 - Solving problems: A story
25:00 - Lender vs Broker
33:40 - Debt service coverage
39:18 - The importance of securitized loans
42:37 - Looking at net rental income (NRI) vs other incomes
47:40 - Some interesting loan options
51:00 - A supplemental mortgage
53:19 - Hybrid balance loans
55:26 - David’s program
58:44 - Figuring out your business plan
01:02:10 - Where to find out more

#03 - David Frasz And All You Need To Know About Loans

Today I’d like to address the topic of MENTALITY, and specifically, the kind of mindset required to successfully become a passive investor. Many people want to become investors without the minimum knowledge about it. It’s not just about money; it’s about money management and the kind of approach you have to it.

So, when it comes to investing, there are many different ways to do it. But you need to be able to make a clear distinction between an ACTIVE investor, and a PASSIVE investor.

Traditionally, active investing is a hands-on approach, where you need to make frequent buy and sell decisions according to price fluctuations to make money. It means a lot of transactions and a lot of research. It requires a lot of effort, and takes a lot of time.

On the other hand, passive investing requires research of course, but you don’t have to dedicate most of your time to it. It’s a stream of income earned without much effort. One single investment can bring you a steady flow of income and yield high returns over time.

So, if you’re interested in becoming a passive investor, it probably means you have other things to do, maybe a full-time job, or the management of other assets. Or you just want the money to work for you and not the other way around. So, again, it’s about mentality.

Be honest about it: do you want to actively do work and research and complete transactions, or you rather be passive and let your investment grow by itself?

If you are clear about being passive, I have some hints for you to follow!

What Kind Of Mindset Do I Need To Have As A Passive Investor?

Welcome to the fourth episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Doron Rice, an architect, project manager and real estate investor now focusing on multi families. Today we will discuss how much you should focus on design, plus we will give some tips for investors designing units for multifamilies. All this and much more, up next.

01:05 - Introducing Doron Rice 
01:45 - Getting started in architecture and design 
03:40 - What was like working on the 5th tallest building in the world
05:45 - Communicating remotely
07:35 - Working on a new project in Manhattan
08:55 - Getting into investments 
11:45 - Jumping from single family to multi families: the importance of networking
16:15 - What does financial freedom mean to you? 
22:20 - How we met 
23:43 - The first deal 
27:20 - Designing amenities
30:27 - Designing a lease office
32:00 - Advice for investors designing units for multi family
39:50 - What is the most difficult deal you had to fix? 
42:50 - What is one of your biggest failures and what did you learn from it?
48:20 - How to reach out Doron Rice

#04 - Doron Rice On Adding Value Through Choosing The Right Materials And Design

A lot of people come to me to ask me how to find real estate multifamily deals? And I’m talking LARGE multifamily deals.

So let me tell you how we do it here at SAR Apartment Capital.

Listen to know the basics of this business and how we do it.

If you’re interested in what I explained or have questions on how we do it; or just want to bring us a deal that we could do a joint venture, contact me. I am always open to joining up and looking at deals. As I said, we have done some recent deals coming from other syndicators that worked out well.

We’re always open to here at SAR apartment Capital so call me, drop me a line, follow my social media, or go to my website AbielBallesteros.com.

See you soon,

Abiel

How WE Find Multifamily Deals

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. Today’s guest is Tony Engel, Chief Operating Officer for Sundance Property Management, where he has 8,500 units under management. Tony specializes in repositioning properties and is responsible for all the business development, acquisitions and capital improvements for Sundance.

Today we will discuss how to find the right partner for property management and when to reach out to a property management company. We will also touch on acquiring and renovating Multifamilies, plus setting the rental price that’s right for your property. All this and much more, up next.

Bullet points
01:14 - Introducing Tony Engel
02:07 - The first real estate experience
05:45 - The first acquisitions
08:20 - Joining a team: getting into renovations and rentals
11:46 - Selling to investors
13:02 - Property management
16:39 - Finding a partner for property management
20:05 - Acquiring and renovating multifamilies
22:56 - The most difficult deal
25:32 - When to reach out to a property management company
28:57 - Setting the right rental price
30:14 - Advice for people getting started
32:08 - What does financial freedom mean to you?
37:00 - Where to find out more

#05 - Tony Engel On The Importance Of The Right Property Management Company

Hello, I’m Abiel Ballesteros and today I like to share with you the top 5 cities to buy multifamily real estate in 2021.

This is our own selection, based on population, migration trends, employment levels, local or state taxes, and our own experiences investing in multifamily properties, plus some other factors.

So hear me out:

There are many different variables playing in the economy right now. Some people are leaving cities and states due to high taxes, unemployment and because they want to be closer to their families.

On one hand, many sectors of the economy are being reactivated after the Covid-19 crisis, and people are returning to their full-time employment.

The interest rates remain low, so debt is still cheap.

The government keeps taking measures and pumping money into the economy to try to stabilize it.

We are seeing a shortage of housing inventory that is pushing prices up.

Many regions of the United States are experiencing huge booms in demand and the price of homes is rising sharply as a result — higher than the rate of inflation. As a result of this, many potential buyers can no longer afford to buy.

So, more people will have to rent instead of buying or will have to delay their plans for buying.

All these factors are beneficial to the multifamily industry because more people will be renting for the time being.

For example, it was recently reported that in some areas of the United States, people earned more via appreciation of their homes than from their salaries in the past year. And this was the year of the coronavirus crisis!!

Also, there have been recent migrations of people from “high tax states” like California or new york, to tax-friendly states like Florida.

Keep in mind that real estate is very local. You need to understand each local market before considering an investment because the economy of the whole country does not necessarily reflect the status of each local market.

So, let’s take a look at five cities to invest in 2021...

Top 5 Cities To Buy Multifamily Real Estate In 2021

Welcome The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Winston Schofield, full-time investor in multifamilies with just over 500 units under management. Winston has a strong background in asset management and operations, and has now established the Jorjew Group with a team of commercial real estate professionals, where they focus on stable assets where they can re-develop properties.

Today we will discuss how to recognize great opportunities, and why identifying whether or not there is a demand for housing is key before investing. We will also touch on the current state of multifamilies and why multifamily housing isn't going away anytime soon. All this and much more, up next.

Bullet points
(01:10) - Introducing Winston Schofield
(01:47) - Winston’s background: Getting into real estate
(04:15) - Transitioning from flipping homes to multifamilies
(08:17) - The first big GP multifamily deal
(09:38) - Discovering deals and building relationships: The Augusta deal
(13:26) - Identifying a great opportunity
(14:38) - What upgrades do you need to do to the units to get a bump up on rent?
(16:25) - Identifying if there is a demand: Looking at migration patterns
(17:30) - The most difficult deal
(21:21) - The state of multifamilies
(25:13) - What is one of your biggest failures and what did you learn from it?
(26:47) - What advice would you give to your younger self?
(30:18) - What does financial freedom mean to you?
(31:54) - Managing small vs big assets
(34:16) - Where to find out more

#06 - Winston Schofield On The Future Of Multifamilies

This time I’d like to tell you about some of the lessons I had to learn the hard way while working in the multifamily industry. Nobody prepared me for many of the situations that I’d face, especially when having properties located in other cities and states.

These are the kind of things that you only learn while working in the field, so now I’d like to share them with you.

If you’re interested in learning more about multi-family and the topics that we talked about here, just give me a call. Reach out to me! Let’s chat and let me help you underwrite your deal, or let me help you understand how you’re feeling about this industry and what questions you have.

You can reach me at abiel@abielballesteros.com

Thanks and see you soon.

The 5 Things I Wish I Knew When Buying Distressed Properties Out-Of-State

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Alejandro González, full-time multifamily broker with Marcus & Millichap. Alejandro is a true professional with a solid understanding of the business, and an expert in both buying and selling multifamilies in South Florida, specifically in Miami. Since he has the perspective of both a seller and a buyer, he knows how to maneuver transactions expertly. Alejandro has sold over 140 million multifamilies in sales and over 1700 units since 2013, and he's part of a team that has 6 billion in commercial sales. In today's episode we will talk about all you need to know to hire a professional broker. We will also discuss the current trends in the multifamily business, more specifically in Miami. Plus, Alejandro will share some great tips on how to better evaluate an area if you don't have the resources to do your own research. And stay tuned until the end, when we talk on how you can transition from being an investor to working in multifamilies as a broker. All this and much more, up next. 

Bullet points 
(01:38) - Introducing Alejandro Gonzalez 
(02:50) - Getting into real estate 
(04:00) - Why did you choose multifamilies in your life?
(07:50) - Finding a mentor 
(10:47) - Hiring a professional broker: Know what you want and be patient 
(16:50) - How to find the right broker for you 
(20:03) - The current trends in the multifamily business 
(23:53) - Renting in Miami: What trends are you seeing? 
(27:55) - Some tips on how to evaluate an area 
(29:38) - The most difficult deal 
(33:05) - Advice for transitioning from being an investor to working in multifamilies as a broker 
(37:00) - What does financial freedom mean to you?

#07 - Alejandro González On How To Get The Attention From The Top Brokers In Multi Families

President Biden’s new economic plan would eliminate a tax break for many real-estate owners that has enabled them to defer paying capital gains on property sales. I’m talking about section 1031 of the US tax code. I have mentioned and explained several times how the 1031 exchanges benefit the real estate industry and specifically the multifamily industry.

You can check past blogs on my website or on my YouTube channel where I describe in detail all the tax benefits available to multifamily investors, and specifically all details of section 1031.

In a few words: the current law allows investors to defer paying tax on real-estate gains if they reinvest the proceeds in other properties within six months of the sale. We use that strategy as part of our regular investment operations, to maximize profits for our investors, clients, and partners. Everyone in the industry uses it.

All this and more, up next...

President Biden To Eliminate Section 1031?

Welcome The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In today’s episode we welcome Richard Barthelemy, full-time multifamily investor. After getting into real estate in 2015, Richard found a very interesting and fruitful business model, especially in today's market where finding inventory is a challenge. Besides being a multifamily investor and flipping houses, Richard sources deals for me as well as for other investors. Today we will be discussing what you need to consider if you are thinking of becoming a full-time real estate investor, including how much money you should save up before quitting your 9-5 job. We will also touch on how to find deals on the market, and why it's all about doing volume and following up. Finally, we will talk about what you want to know before creating a relationship with someone to source deals for you. All this and much more, up next. 

Bullet points 

(01:37) - Introducing Richard Barthelemy 

(02:46) - Getting into real estate 

(04:39) - Leveraging previous work experience 

(05:37) - Becoming a full-time real estate investor 

(06:37) - How much money do you need to have saved up if you want to jump into real estate before quitting your job? 

(08:11) - Richard’s creative way of sourcing deals: Using VA around the country 

(10:41) - How to stay on top of training 

(11:43) - Picking submarkets 

(12:51) - Finding deals on the market: It's all about volume and following up 

(17:05) - How to reply when an agent asks you if you have seen the property 

(17:47) - Have complete clarity on what you want before creating a relationship with someone to source deals for you 

(18:45) - The cost of doing volume and buying leads 

(20:26) - Richard’s ideal client 

(21:20) - The advantage of small units: Liquidity 

(23:11) - The most difficult deal 

(25:40) - What is one of your biggest failures and what did you learn from it? 

(31:40) - What does financial freedom mean to you? 

(33:00) - Where to find out more

#08 - Richard Barthelemy On A Creative Way To Source Deals: Using VA Around The Country

The Opportunity Window Is Open: Why The Moment To Invest In Multifamily Is Now!

Welcome to the ninth episode of The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Chris Wiser, a partner of mine and a true passive investor who has invested in 1,768 doors as a passive investor. In today's episode we will talk about how Chris became an investor and how he finds great deals. We will also touch on how to look for operators and why you might want someone who has gone through the complete lifecycle of an acquisition. Finally, we will discuss the benefits of diversifying your investment in different States. All this and much more, up next.

Bullet points
(01:55) Introducing Chris Wiser
(03:57) The first investment: Jumping right into a 90 unit deal
(08:43) Investing passively
(10:49) Do you spend a lot of time underwriting these deals personally or do you just jump right in?
(11:51) Identifying operators: What do you look for in a team?
(15:51) Going through the lifecycle of an acquisition
(18:33) Communication between an operator and a passive investor
(20:21) Diversifying and investing in different States
(25:15) What advice would you give to someone who is starting out? 
(28:20) What does financial freedom mean to you?
(30:09) Where to find out more

#09 - Chris Wiser On How To Become A Passive Investor And Find the Right Team

"While the economy has been swiftly recovering from the Covid 19 pandemic, the U.S. will need 8 million more jobs to reach pre-pandemic levels."

The economy keeps on giving us surprises and is still behaving in unexpected ways. So today I’d like to take a look at some of the most recent trends in economic activity and try to understand how this will affect the multifamily industry in the coming months.

Find out more, up next...

Three Trends In The Economy In 2021 So Far (And Their Effect On Multifamily)

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Isael Prieto with Stratwell. They have over USD 1 billion in state sales since 2010, averaging over 3,000 transactions a year. They work closely with mortgage servicers, asset managers and traditional sales and buyers.

With everybody wondering if we are in a bubble, in today’s episode we will be discussing the current state of the market. We will talk about why inventory is low right now and the relationship between inflation and deciding whether to rent or buy. Plus, Isael will share his advice on how to find a good deal for people looking to buy a property. All this and much more, up next.

Bullet points

(01:52) Introducing Isael Prieto

(03:10) Getting into Real Estate

(04:52) The current state of the market: Are we in a bubble?

(09:57) Studying different markets

(11:11) Why there is low inventory

(13:40) Renting, buying and inflation

(17:17) Advice for buyers: How to find good deals

(21:24) Mortgage extension: Is it going to affect the market in a negative way?

(25:10) Where to find out more

#10 - Isael Prieto - Are We In A Bubble? YES Or NO

I want my son to learn the difference between what he needs to have, and what he wants to have, now that he is still very young. I don't want to kill his dreams if he wants to have a very expensive car one day, jewelry, and designer clothes but he needs to know that he doesn’t need that. Even though you feel the pressure of impressing people in society. I think that is a hard lesson for people to learn.

Five Financial Lessons I Want My Son To Learn, SOON!

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Pauldine France, Vice President of Strategic Investments at FIP Commercial. Pauldine specializes in streamlining the process of retail, hospitality brands and multifamilies in the US market via South Florida, Miami. She is a licenced agent who focuses on property repositioning, tenants outreach, site selection and pre-development planning in the specialties of multifamilies, hotel industry and land leasing.

Pauldine started NeoHabitus Consult, a real estate consultancy focused on developing and executing cost-effective plans for companies who want to invest in Florida. Today we will discuss the upcoming trends in Miami and why you should listen to the locals before investing in a new area. All this and much more, up next.

Bullet points

(02:05) Introducing Pauldine France

(02:40) Getting into real estate

(06:29) Starting a new venture during Covid: NeoHabitus, investing in South Florida

(12:48) What do I need to have before contacting NeoHabitus: Having a clear identity and knowing your budget

(16:10) Anticipating trends in Miami: Opa-locka

(21:23) Advice for investors on their perspective

(24:04) Why you should listen to the locals

(25:54) Where to find out more

(27:20) What does financial freedom mean to you?

#11 - Pauldine France On Why You Should Listen To The Locals Before Investing

“I picked up a high-interest rate of 9% for that deal; I put 20% down on a $75,000 property - which is not much - my return after renting that property was actually quite high and after 6 months,  after I had it stabilized, I decided to refinance and got to keep it for four years.”

Getting started on any new endeavor is never easy! Much more if you are investing money, and you are risking any losses. That is one of the main roadblocks for people interested in multifamily investing.

In order to illustrate how a successful multifamily acquisition can be done, I created a this new episode detailing my first multifamily deal.

How I Got My First Multifamily Deal (And The Lessons I Learned)

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we welcome Jalal Abuimweis, better known as The King Of Miami Real Estate. Jalal is a full-time real estate investor and an active wholesaler. After just three years of getting into real estate, at 28 years-old Jalal already has 51 doors under management.

In today's episode Jalal will share with us the story of how he became The King Of Real Estate, from moving from Jordan to America, to living in his car, working for Grant Cardone and failing the real estate exam seven times. All this and much more, up next.

Bullet points

(01:40) Introducing Jalal Abuimweis

(02:46) Jalal’s background: Moving to America from Amman, Jordan

(05:40) America is full of opportunities

(07:34) Abiel’s story: From Cuba to America

(09:34) Leaving the car business and meeting Grant Cardone

(14:50) Going to Miami and landing a job with Grant Cardone

(18:35) Getting fired and going into real estate

(22:15) Taking the real estate course and failing the state exam

(28:54) Becoming The King Of Real Estate

(35:00) To make it into real estate you have to go all-in

(36:58) The importance of looking put together

(38:16) Multifamilies

(39:43) The story behind the 38-unit deal

(45:19) Improving the units

(46:47) Coming up with creative strategies

(51:20) Miami Movers 3 on October 23rd with Elena Cardone and other speakers

#12 - Jalal Abuimweis, The King Of Miami Real Estate

“You need to know the difference between two types of investors: there are accredited investors and there are sophisticated investors. Those are the ones allowed in a multifamily syndication”

I’d like to give you a short explanation of the characteristics and requirements of a person who is interested in becoming a multifamily investor.

There are a few things you need to know to join this world of multifamily investing. It is a little different from residential real estate.  Multifamily syndication is becoming a big trend lately, thanks largely to its appeal to people interested in passive investment.  If you want to preserve and create wealth with less involvement and effort, multifamily investment is a great way to achieve that.

Find out everything you need to know up next.

Can You Become An Investor In Multifamily Syndication?

Today I’m presenting a very special episode of The Real Estate Life podcast. This time I traveled to Columbus, Ohio, to have a conversation with Zipporah Hodge, the Regional Director for Sundance Property Management, and who is in charge of one of our properties there.

We had a very candid interview with her, where she gave us a glimpse into what it’s like to manage this type of property, the challenges she and her team face on a daily basis, and what really happens behind the scenes.

As a special guest in this podcast, we also have Israeli architect, investor, and partner of mine Doron RIce, pushing the conversation forward with a diversity of questions around the COVID crisis, owner involvement, and much more.

Please check it out in the link below, and don’t forget to send me your impressions, opinions, and questions.

Bullet points

(01:40) What happens behind the scenes in a multifamily complex

(02:21) Introducing Zipporah Hodge and Doron Rice

(03:55) The challenges of the Ohio property and what needed to be addressed

(05:26) What does a property manager handle by themself?

(08:15) How much owner involvement should there be?

(10:09) Dealing with an unstable property

(11:16) Some piece of advice: Do some self-management first

(11:48) How to hire the right maintenance and office teams

(14:45) Dealing with complaints

(16:48) Some advice for owners: How to choose a property and a management company

(21:13) Leveraging your relationship with your management company

(23:30) Repairing vs fixing

#13 - SPECIAL EPISODE: Multifamily Management Insider’s Secrets With Zipporah Hodge And Doron Rice

Hello everyone!

As many of you are probably aware, I recently closed two multimillion-dollar multifamily acquisitions in the Orlando, Fl area. Months ago, we identified these opportunities and carefully considered the market conditions, the economic outlook and the potential for these properties to bring high returns to our investors. Now, the economic data clearly shows that we were so right!

We Were Right! Orlando, FL Is Recovering At A Really Fast Pace In 2021!

Hello everyone! 

We are living in times of unprecedented inflation in the past few months in the United States.

According to official data, the inflation rate for October 2021 is 5.4 percent! That is huge! That is more than double the average yearly inflation for the past 10 years.

Inflation in the year 2020, with the pandemic and the lockdown, was 1.4 percent, and back in 2015 was 0.7. 

This permanent raise in the price of goods and services makes your money shrink really quickly!

Learn how to hedge from inflation investing in multifamily up next

How To Hedge From Inflation Investing In Multifamily?

Hello everyone! 

We all make mistakes in our careers, in our jobs and occupations, and in our lives. It’s part of being human. When it comes to business, a simple mistake can mean a lot of money in losses, broken relationships, lost clients, and much worse.  						

But that’s not the end of the world. In business, as in life, one needs to learn to deal with mistakes properly. 

In this podcast, I explain some basic principles that have helped me to get the best out of my own mistakes. Many of these lessons come directly from situations I was directly involved in or mistakes I’ve made, and I think that sharing them with you will help us all to improve our professional lives. 

All this and much more, up next.

My Principles Of Making Mistakes In Business

Hello guys! 

Recently I announced the purchase of a 208-unit multifamily property for US $16,254,000.00, in the Gainesville, FL area. Many of you may have received our press release or seen some details of this transaction on my social media channels. 

Find out more, up next...

REVEALED: Unknown Details Behind Our Recent 16 Million Purchase

“I KNOW I’M RIGHT… right? Well, that has cost me a lot of headaches, and a lot of money in my life, when being the only decision-maker or just being stubborn about something and saying “I know I’m right”...”
Hello everyone! 

In this week’s blog, I’d like to talk about one of the most common and costly mistakes you can make when conducting any type of business, especially when investing in multifamily real estate. 

That is the notion of falsely knowing all you require to know to make a sound decision. I have said it myself, and I have heard many others saying it: I KNOW I’M RIGHT! And I was wrong.

Basic Principles For Apartment Investing

Hello everyone! 

In this week’s episode, I am giving you the lowdown on a very particular transaction we finalized recently. We purchased 110 houses in a Class B community in Tennessee that we are stabilizing to reach the local market’s rent levels.

While we have mostly focused on apartment buildings, this complex of houses offered a unique set of opportunities, even while having HUD restrictions. The nature of the property allows us many different options for capitalizing in the near future. 

All the details, up next

Why Acquiring A Tennessee Housing Community In Cash With Hud Restrictions Was An Awesome Deal

Hello guys! 

After some long weeks of extensive work, I finally have some time to get back to creating more blogs and podcast. Today I’d like to share some insights on a recent transaction we did in Gainesville, Florida, where we had to execute a very challenging 1031 exchange. 

This was a very particular acquisition, because it wasn’t just one single property under one owner, but several different properties with several owners. We also had to execute a 1031 exchange, which due to time constraints, proved to be extremely challenging.

In this episode I describe these challenges and more important, how we finally pulled it off!

How We Successfully Pulled Off A Very Challenging 1031 Exchange!

Hello everyone! 

For this week’s podcast, I’m describing briefly the logic behind one of our recent transactions, which raised some eyebrows when made public a few weeks ago.

I decided to partner with multifamily investor Rene Sanchez to acquire a 10.6-acre  piece of land in Covington, GA, for US$ 1,800,000.00. 

The land, located in Newton County, GA has an approved zoning permit for residential development and a proposed multifamily property plan for 176 units and is surrounded primarily by commercial and residential land use areas.

This was a very special and rather unexpected acquisition because we hadn’t bought land before, so it was kind of a surprise to a lot of people.

Please check out this short episode to get an idea of our reasons for this transaction.

Why We Decided To Acquire Land

Hello everyone! 

As many of you know may remember, a few weeks back SAR Apartment Capital was mentioned in the local news in Augusta, Georgia, right after we announced the acquisition of 95 units in three completely vacant buildings in that city. The report mentioned how housing shortages and new investors coming from out-of-state were creating a gentrification trend in the area.

For this week’s blog, I decided to explain briefly how these communities actually benefit when investors rebuild and rehabilitate abandoned or empty buildings, using the example of the Augusta acquisition.

Up next.

How Communities Benefit When We Rebuild Multifamily Properties

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Jeremy Gomez. Since 2006, Jeremy has been catering to local and international real estate clients. He currently is the Principal Broker and the cofounder of G World Properties, a real estate firm based in Central Florida.

Today Jeremy will share his view on the different sides of the business and how to have a great relationship with clients. We will also discuss the importance of leveraging your network and why being on social media is crucial to your business. Lastly, Jeremy will talk about the 200% philosophy and how to think outside the box. All this and much more, up next.

24 -  Jeremy Gomez on The Power of a Network for Real Estate Sales

In the latest episode of The Real Estate Life podcast I welcome seasoned multifamily investor Tom Dunkel. He’s Co-Founder and Managing director of Belrose Asset Management, a firm specialized in real estate investment with a focus on multifamily and self-storage.

In this opportunity, we focus the conversation on the self-storage asset type, since it’s becoming so popular in recent times, and investors see it as a possibility for generating extra income on their properties.

Tom also discusses his process to identify cities or locations to invest, all the hard data behind his decisions, and how new technology has become his ally in real estate investing.

(He actually describes a very clever hack to determine geographical need for storage, you need to check it out!)

25 - RELP - The Rise Of The Storage Business With Investor And Entrepreneur Tom Dunkel

One of the most pressing questions for multifamily investors is how long should they keep their assets. Should you keep them for 3, 5,10 years? Should you sell quickly? Should you sell at all, or keep them as part of a growing portfolio? These answers depend on many factors, from your future investment plans to your acquisition strategy, your taxes strategy, and more, and every case is different.

How Long Should I Keep My Investments?

Hello everyone! 

Recently I had the chance to meet the founders of Estating, a new and very innovative way to invest in real estate. They define themselves as a global digital marketplace providing direct access to real estate.

We had a long conversation with Martin Halblaub, co-founder, CEO, and Chairman; Kristina Jahn, Chief real estate officer; and Daniel Vegue Dominguez, COO, and co-founder, where they explain their business model make real estate acquisitions all over the world.

You can listen to this new episode of The Real Estate Life podcast by clicking on the link below!

26 - RELP -  Innovative Ways To Invest In Real Estate With The Founders Of Estating

Welcome to The Real Estate Life Podcast, where we create a life of passive income through real estate and doing what we love. In this episode we have Robert Preston, Co-founder of Climb Capital. Robert specializes in buying and selling RV Parks. He searches for and acquires value-add properties that produce a durable yield through the life of the investment. 

While Robert got his start by flipping single family homes, this quickly escalated to
recruiting investors and purchasing multifamily housing and then eventually Mobile
Home Parks. In this episode, Robert will share the significant upsides that owning and operating RV Parks bring. We will also discuss how you can invest into an RV park yourself, actively or passively. All this and much more, up next.
(00:03) Introducing Robert Preston
(00:43) Robert’s background
(02:37) Getting into commercial real estate
(03:00) Focusing on RV parks
(05:57) The different types of RV parks
(08:24) The difficulties of building a new RV park
(09:50) Adding new sites
(11:50) How do you expect your assets to perform during a recession?
(15:50) What are you looking for location-wise?
(18:24) The best amenities
(20:37) Financing an RV park
(22:35) Investing actively into RV parks
(25:10) Investing passively with Climb Capital
(28:01) Where to find out more

27 - Robert Preston on Crash-Course On RV Parks Investing

Real Estate investing is changing, but there are people evolving and thriving. In this podcast we’ll listen to their stories, and hopefully learn from them. I am dedicated to creating a life were I could create multiple passive income and doing something I love along the way. To me the most important part is doing significant work and create great relationships along the way. My name is Abiel Ballesteros, I’m a Real Estate investor and entrepreneur, and I want to help you live the Real Estate Life.

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