Houston Multifamily Meetup #10 – Will Bandujo – Managing Insurance Expenses  Today, we hosted Will Bandujo from FitzPatrick Insurance Solutions who provided extensive insight into the insurance markets and why rates have been rising.  My 3 personal takeaways Insurance providers are more favorable to Class A properties. Carefully screening your residents lowers insurance risks on your properties. Property managers who offer group coverage can provide cost effective effective solutions in a tight insurance market.   To get in touch with Will, please reach him at williamb@fi ..read more

Houston Multifamily Virtual Meetup #9 – Brian Wolford – Managing Property Taxes Today, we hosted Brian Wolford from Morrison & Head who provided extensive insight into how counties value properties and what you can do to underwrite and mitigate these non-controllable expenses.  My 2 personal takeaways Both major metros and rural markets taxing authorities have become more aggressive in assessing property tax values.  Underwrite at least 90% of purchase price for year 1 property taxes.  To get in touch with Brian, please visit www.morrisonandhead.com For more information on ..read more

Today, I had the pleasure of sitting down with Kim Radaker to hear about her incredible story from owning single family homes and homeschooling her children to managing $450 MM in multifamily assets.    Kim shares the following insights in today’s episode Why she started her vertically integrated strategy and how that provides a competitive advantage in acquiring and managing properties. Her story about buying a 50% vacant property and turning it around. Her acquisition strategy, focus on heavier value-add properties and capital gains vs. cash flow. Her people first approach to lead ..read more

Today, I sat down with Mike Woodfield to dive deep into multifamily operations. He shared many helpful tips so that you can more tightly manage your multifamily assets.  Mike is the COO, and partner of Obsidian Capital based in Austin, TX. Over the last 5 years, Mike was the lead asset manager overseeing nearly $300,000,000 in multifamily deals. During that time Mike was responsible for the renovation of 2,200 multifamily units totaling $20,000,000 in improvements which created millions in value-add. To get in touch with Mike, please visit www.obsidiancapitalco.com To get in touch with ..read more

Today, I sat down with Michael Becker of SPI Advisory who owns 6,000 Units totaling $750 MM of multifamily assets in Texas. Michael graciously shared his vast experience in this 1 hour interview. Some highlights. Michael’s COVID-19 action plan at his properties The evolution of his acquisition strategy and where he thinks there will be opportunities coming out of this crisis. His view on rent growth and what DFW submarkets will outperform/underperform. Michael’s thoughts on straight sponsor splits vs. preferred returns, property taxes and insurance. Some great tips that you can implement at y ..read more

I received an early Christmas gift of sitting down with Charlie Young, one of the founding partners of Madera Residential. Madera is an investment company based in Lubbock, TX that acquires assets in DFW and Houston.  Madera owns 48 properties worth $1.3 bn and manages ~15,000 units. Charlie focuses his time on acquisitions and capital raising. Below are some highlights from our conversation ·      How Charlie decided to move from property management to acquiring deals ·      Charlie’s investment criteria and acquisition strategy ·      His gui ..read more

Today, we hosted Robert Martinez, the founder of Rock Star Capital at our Houston Multifamily Investor Network Meetup.  Robert shares his thoughts on the Houston multifamily market, why he says buy everything you can, his views on how to outperform through tight operations and how he has built generational wealth for his family by being “all in” on multifamily.  Robert is one of the most engaging speakers in multifamily. You don’t want to miss this session.  iTunes https://podcasts.apple.com/us/podcast/multifamily-rock-stars/id1508553943 To attend our next monthly meetup in Hou ..read more

I had the pleasure of sitting down with Jeremy Roll today. Jeremy is a full-time passive cash flow investor in 70+ opportunities across $1 Billion+ of real estate and business assets.  Some highlights from our conversation Learn about Jeremy’s “active passive” investor approach, his “specific box” investment criteria, the 100+ questions he asks and due diligence he asks before investing and the due diligence he does upfront before investing.  Hear why Jeremy decided to pursue an “active passive” approach rather than syndicate deals. Learn what Jeremy focuses on when reviewing deals ..read more

Today, we hosted Shayan Hasnain, a Multifamily Broker at our Houston Multifamily Investor Network Meetup.  Shayan shares his thoughts on the Houston market and how to win deals in today’s market.  iTunes https://podcasts.apple.com/us/podcast/multifamily-rock-stars/id1508553943 To attend our next monthly meetup in Houston, check out  https://www.meetup.com/Houston-Multifamily-Investor-Network/ For more information on the attractive tax and diversification benefits of multifamily, please visit www.lifechangingcapital.com   Ryan Christopher Nunes ..read more

I sat down with Brandon Hall, the “Real Estate CPA” to talk real estate taxes in plain English. Check out this episode to hear  The ins and outs of being a real estate professional and how that can help you pay $0 taxes. How the CARES act can help you offset previous year’s income through NOL losses even if you weren’t a real estate professional in prior years.  Bonus depreciation and why that is so helpful to multifamily investors. Detailed multifamily tax questions – return of capital vs. return on capital, capitalization vs. expensing repairs, allocating depreciation among partne ..read more