Underwriting is a mix of integrating your estimates as a buyer with the seller's actual numbers. In this episode, Charles discusses the most common underwriting traps. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When you are underwriting a property, you are trying to predict the next 1 – 10 years of [...]
Comments Off on GI357: Why Self-Storage is the Smartest Play in Real Estate with Fernando Angelucci
Over the last 7 years, Fernando Angelucci has purchased 55 self-storage facilities across 24 states, totaling $240 million in value. He specializes in creative deal structuring to purchase cash-flowing assets and build ground-up, institutional-grade self-storage facilities. Fernando is a second-generation immigrant who started his real estate company by cash-advancing $97,000 on credit cards and is [...]
Comments Off on SS279: Debt Basics Every Apartment Investor Must Know
Your lender is usually the largest capital contributor to a real estate investment, and the terms of the debt often determine whether the deal wins or fails. In this episode, Charles discusses the fundamental debt concepts every apartment investor needs to understand. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When purchasing [...]
Comments Off on GI356: Why Bad Property Management Destroys Real Estate Returns with Tony Julianelle
Tony Julianelle is the CEO of Atlas Real Estate, an integrated real estate platform combining property management, brokerage, acquisitions, dispositions, and investment management. Tony transformed the Colorado property management firm into a national platform, and the firm now manages over 6,000 residential units across 15 states and has more than $3.5 billion in assets under [...]
Comments Off on SS278: How to Stress-Test a Multifamily Deal
Stress testing a multifamily deal is the process of pushing your underwriting to the point where the deal no longer makes sense. In this episode, Charles discusses the best ways to quickly stress test your multifamily deal. Watch The Episode Here: Listen To The Podcast Here: Talking Points: When we are stress testing a deal, [...]
Comments Off on GI355: Why High-Income Professionals Fail at Real Estate Investing with Buck Joffrey, MD
Buck Joffrey is a surgeon turned serial entrepreneur, real estate investor, and financial educator with over $2 billion in real estate transactions. After completing his surgical training at the University of California, San Francisco, Buck quickly transitioned from medicine to entrepreneurship, building multiple businesses across real estate, internet, and health sectors. Watch The Episode Here: [...]
Comments Off on SS277: How Expense Ratios Kill (or Save) Deals?
In multifamily investing, expense ratios are a quick way to gauge how efficiently a property is operating. In this episode, Charles discusses how expense ratios might signal opportunity and also hide a potential problem. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Previously, in episode SS273, we discussed the basics of what [...]
Comments Off on GI354: Why Smart Real Estate Investors are Switching to Industrial with Irwin Boris
Irwin Boris is the Head of Acquisitions for Peykar Capital, focusing on investments & asset management. Irwin is a former CPA and underwriter turned industrial real estate investor with over a decade of experience specializing in industrial and small-bay flex properties. Prior to joining his current firm, he worked on sourcing acquisitions for several private [...]
Comments Off on SS276: When to Renovate Units—and When Not To
Renovations can be one of the fastest ways to increase your property’s net operating income, but they can also destroy returns if performed incorrectly. In this episode, Charles discusses when unit renovations help the bottom line and when they are just vanity projects. Watch The Episode Here: Listen To The Podcast Here: Talking Points: Renovations [...]
Comments Off on GI353: From $500 to a $12M Real Estate Portfolio with Andres Bernal
Andres Bernal is a Dominican-born real estate investor, entrepreneur, and Founder of Sky Circle LLC, as well as a former professional tennis player who built an eight-figure real estate portfolio from the ground up. After immigrating to the United States with just $500, Andres purchased his first property in 2016 and quickly transformed that single [...]