creativerealestate

In this episode, Chris Prefontaine dives deep into the world of creative real estate and how it offers a versatile toolkit for investors to navigate through different market conditions with agility. Join us as we explore innovative strategies, adaptable approaches, and success stories demonstrating how creative real estate can be a game-changer in your investment journey. 

 

 

Key Takeaways To Listen For

• Creative real estate strategies and innovative approaches to investing
• An effective process to select the right buyers for your property
• Important things you should know in finding a suitable real estate niche 
• Deal structures, tax benefits, and student success in creative real estate
• 3 valuable advice from a successful real estate investor

 

 

Resources/Links Mentioned In This Episode

• Real Estate on Your Terms by Chris Prefontaine et al. | Kindle and Hardcover
• Deal Structure Overtime by Chris Prefontaine et al. | Paperback
• Mitch Stevens
• Coldwell Banker
• Zoom
• Principles by Ray Dalio | Kindle and Hardcover
• Shoe Dog by Phil Knight | Kindle, Paperback, and Hardcover

 

To learn more about Chris’ FREE replay class, visit https://wickedsmartacademy.com/mastersclass. You can also get Chris’ books for free, along with an event ticket for an exciting event this September, when you go to https://wickedsmartbooks.com/keith1. 

 

If you want to keep in touch with Smart Real Estate Coach, visit https://smartrealestatecoach.com/action/.

 

 

About Chris Prefontaine

Chris is the four-time best-selling author of Real Estate on Your Terms, The New Rules of Real Estate Investing, and Sell With Authority for Real Estate Investors. He’s also the founder of the Wicked Smart companies and host of the Smart Real Estate Coach Podcast. Chris has been in real estate for over 31 years. His experience ranges from constructing new homes in the 1990s and owning a Realty Executive Franchise to running his investments and coaching clients throughout North America.

 

Today, Chris and his family and team run their creative financing business and are still in the trenches daily. Their primary focus is helping students across North America plan their escape from their W-2 jobs by getting in the trenches and doing deals with them. They’ve completed over $100 million in transactions.

 

 

Connect with Chris 

• Website: Smart Real Estate Coach | Wicked Smart Academy 
• Podcast: The Smart Real Estate Coach
• YouTube: Smart Real Estate Coach
• Facebook: Chris Prefontaine 

 

 

Connect With Us

If you’re looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.

 

 

Follow Keith’s social media pages

• LinkedIn: Keith Borie
• Investor Club: Secret Passive Cashflow Investors Club
• Facebook: Keith Borie
• X: @BoboLlc80554

Veena Jetti, founder of Vive Funds is our special guest for this episode. She currently part of the GP on over 2400 apartments with a total value in excess of $350M+. Their primary markets are TX & FL. 

Having grown up in the real estate world with her parents who started out investing in single-family homes, to working for some large commercial real estate groups prior to breaking out on her own, today she has plenty of experience to share. 

We get into the following:

1. How she got started in real estate and why she loves Multifamily?
2. More about Vive-Funds & their specific niche in the market?
   1. Ordinary Equity in their own deals
   2. Mezz funds for other operators
3. Current Market Environment
   1. Why she focuses on TX & FL markets?
   2. Her top 3-4 pieces of information to look for when getting comfortable with a market and submarket?
4. Her concerns about market pricing post-COVID?
   1. Pricing is still crazy.
5. Current Financing
6. Where she sees the most value in the market right now?
7. Some Experience Wisdom Bombs 💣 on
   1. Underwriting - Any Errors you’ve made
   2. Due Diligence - costly mistakes that you wont make again
   3. Legal - any clauses you like to make sure are in your PSA
8. Looking forward - Vive Funds goals for the next 6-12months
9. How listeners can help accomplish that? (investors / brokers / other)

You can contact Veena on: Veena@vivefunds.com 

🗣️ TALK TO ME, YOUR HOST, ON SOCIAL MEDIA 👇

Instagram ► https://www.instagram.com/rikkichadjack/

LinkedIn ► https://www.linkedin.com/in/rikki-jack/

Website ► https://www.creativere.co

Facebook ► https://www.facebook.com/CreativeRealEstateRJ/

In our 9th Episode, I have the fortune of interviewing Jeremy Nussbaum from Walker & Dunlop - one of the largest commercial real estate finance companies in the US.

We got to cover:

• How Jeremy got into the financing market
• Current Market Environment Post-COVID
  • Which sectors have been star performers
  • Changes lenders should be aware of with debt originations? (reserves requirements etc)
  • Current Valuations - has the agency environment changed their view of property valuations on assets?
  • Have you noticed any changes in debt covenants or sponsor requirements?
  • How many clients have been making use of forbearance and what the process has been like?
• How Walker & Dunlop's balance sheet financing works & where it fits into the business
• Where he sees the most value in the market right now, when it comes to lending terms?
  
  • Interest Rate
  • LTV
  • Term & Amort
  • IO

• His thoughts on if the market is going to face some severe struggles & whether there will be good deals in the near/medium term
• Learnings from his time in the industry
  
  • What are your top 3-4 pieces of information to look for when getting comfortable with a market and submarket?
  • What’s the 2 Most important things you've learnt when it comes to financing being in the industry?

In today's episode, we get the opportunity to learn more about the senior housing market from Shane Connor at Bull Realty. 

We hit on the following topics: 

1 - Where Shane's passion for the senior housing market originated.

2 - What is Senior Housing, and why the future demand is poised to continue to exponentially grow - the "Silver Tsunami"

3 - Discussing the different types of senior housing - giving a basic explanation of how each works with the following information:

1. 1. Age-restricted
   2. Independent Living
   3. Assisted Living
   4. Skilled Nursing

           We touched on the below topics for each of the types: 

• • Management difficulty/sophistication
  • Typical length of tenant stay
  • Demand levels
  • Cap Rates

4 - How COVID has impacted the sector in the short term.

5 - Where he believes the best opportunities are currently within the senior housing market.

If you want to get in touch with Shane, reach out at: shane@bullrealty.com 

🗣️ TALK TO ME ON SOCIAL MEDIA 👇

Instagram ► https://www.instagram.com/rikkichadjack/

LinkedIn ► https://www.linkedin.com/in/rikki-jack/

Website ► https://www.creativere.co

Facebook ► https://www.facebook.com/CreativeRealEstateRJ/

Connor Steinbrook Is a creative Real Estate Professional.

In this episode, Connor shares an awesome story about how he helped a family out of foreclosure.

It became a deal that went through the ringer. Connor stayed true to his foundation and cleared this deal in a creative way!

Topics discussed:

1. Foreclosure
2. Creative Real Estate
3. Negotiations

Please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode.

Kyle Palmer, Investment Sales at Walker Dunlop:

1 - How he got into the multifamily sales space & why

2 - Competitive advantages of working with Walker & Dunlop

3 - How to find motivated BUYERS as a seller

4 - COVID effects on sales volume, market pricing & offer terms

5 - Where does Kyle see the most value at this stage?

6 - What are the 3 most important data points an investor should consider prior to investing in a particular submarket? 

If you want to get in touch with Kyle, reach out at: KPalmer@walkerdunlop.com 

🗣️ TALK TO ME ON SOCIAL MEDIA 👇

Instagram ► https://www.instagram.com/rikkichadjack/

LinkedIn ► https://www.linkedin.com/in/rikki-jack/

Website ► https://www.creativere.co

Facebook ► https://www.facebook.com/Creative-Rea...

"You can start with nothing and still succeed. However, if you don't start you will never succeed.” - Oscar Bimpong

Rod Khleif loves training and coaching the “psychology of success” to aspiring real estate investors and entrepreneurs.

He started from humble beginnings as a young, impoverished Dutch immigrant and has rocketed to incredible success. His experience involves both remarkable triumphs, and spectacular failures.

Rod is a passionate real estate investor who has personally owned and managed over 2000 apartments and homes. As one of the country’s top real estate, business, and peak performance luminaries, Rod has also built over 22 businesses in his 40 year business career several which have been worth tens of millions of dollars.

Please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)

 

Yair owns Pancho finance, a commercial real estate capital advisory firm, which focuses on debt and equity placement throughout United States.

In todays episode, we cover the forbearance programs being offered by various lenders and the practical steps sponsors need to take in order to receive them in the COVID pandemic. We also take a deeper look into changes that have been implemented for agency debt with regards to interest reserve requirements. 

Pancho Finance can facilitate debt for new construction, light value add, heavy value add, income producing and refinance strategies.

They've also carved out a niche with helping international investors make their entry into the US.  These investors are internationally based companies where the principles are foreign nationals (to United States) and they are investing in US Property with or without a local partner.

We hope that you've enjoyed the podcast, and can reach our guest - Yair Tilson - here: www.panchofinance.com

In this episode, you'll learn:

• People decide whether they want to live in a place or not within the first 15 seconds visiting a property
• The leasing office is what shapes the first impression. It has to be well branded and gives an idea of the whole interior.
• The first steps in winning over clients are with branding, choosing the colors and a good logo display.
• Keeping the place well layed out, structured and clean help client perspective
• Professional photography and videography can play a integral part in marketing a property.
• What addressing every element from door handle to wallpaper can do.
• How using the right colors makes the room look more appealing
• The right color or color combination can make even the smallest space seem large, airy, and inviting.
• Pay close attention to your online presence as it can make a huge difference

Book recommendation: Best Ever Apartment Syndication Book by Joe Fairless and Theo Hicks

To connect with Lisa, please visit  LandryDesigns.com
 or email her at lisalandry@landrydesigns.com

Sponsor:
Please visit Apartment Investing Show subscribe, leave a review and hit the golden bell icon**
Apartment Investing Show

*And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)

 

In this podcast, you'll learn:

• Build solid relationship and have integrity
• Wok ON your business because you can't work IN your business right now
• When you start small you can figure it out and realize you can scale ad start buying more
• 10-80 units type of properties is manageable and there's not a lot of competition
  • How do you overcome the scalability aspect of having multiple roofs to deal with?
    -Have a great relationship with your property management
    -Focus on what you're good at and hire others to do things you're not good at

Creative ways to find deals
1. MLS
2. Partnerships
3. Marketing

• How to implement the deal
  -BRRR Method
  -Capital Partnership
• Spend more time analyzing and passing on deals than do analyzing and buying deals
• Be patient and execute on the BEST deals

Book Recommendation: Leading an Inspired Life by Jim Rohn and How Will You Measure Your Life? by Clayton Christensen

To connect with Clay, please visit www.utahhousebuyers.com

Sponsor:
Please visit SyndicationPro.com and mention "ADAM" to receive one free month!

*And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)

In this podcast, you'll learn:

• What is delayed gratification?
• Have the confidence to try new things
• If it didn't work out, its OKAY
• Hard work ethic will propel you to get higher
  • 3 Takeaways from Amy's experience
    1. Mentorship and taking advice from people to guide you in the process
    2. Willingness to do what's uncomfortable
    3. You need to work and grind
• What's the difference of a carry back?

Book Recommendation: Profit First by Mike Michalowicz and The Rent Collector by Camron Wright

To connect with Amy, please visit: https://www.infiniterealestategroup.com/

Sponsor:
Please visit SyndicationPro.com and use code "Adam". First month is free!

*And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)

In this podcast, you'll learn:

• Diversification can allow you to penetrate the market quickly
• How can you utilize real estate right now to benefit from the down turn and how to get through it?
• The best thing that comes of of downturn is LOYALTY
• Position yourself, go to work and surround yourself with positive mental attitude
  • Focus on the solution
    Tips to go through the market crisis
    1. Need to get creative and diversify what you are doing
    2. There's a 60-90 days period not to buy. They need to just set, watch and be patient
    3. Thriving markets are 30% higher than they were pre recession
    4. By July/August we will have a better understanding of what type of real economic impact this is gonna have
    5. The OLD normal is not gonna be the NEW normal after we come out of this.
• If you have a 50%-70% debt to income ratio on your property, it's a good time to hold not to sell.
• If you are a seller and have a lot of debt to a property, you need to get rid of that debt and to be liquid.
• Keeping a solid mental state is the KEY

Book Recommendation: The Power of Positive Thinking by Norman Vincent Peale

To connect with Jerome, please visit:
Instagram link
https://instagram.com/jeromemaldonado1
Facebook link
https://www.facebook.com/JeromeMaldonado.US/

Sponsor:
FREE GIVEAWAY: Learn how you can implement the Fix & List strategy by watching Eric Young’s free video lesson at (https://www.fixandlistsecrets.com)

*And please go to iTunes to leave us a rating and write a review. Each review helps us reach a larger audience with your episode (Creative Real Estate Podcast)

Yair owns Pancho finance, a commercial real estate capital advisory firm, which focuses on debt and equity placement throughout United States.

Aside from Mr Tilson's firm, we also delve into his view of COVID-19 and how it is not a real estate issue (it's a health issue), but it is a real estate challenge. We look at the effects of COVID-19 on the US Real Estate market, both from a macro level, and specifically from a lenders view point. 

Pancho Finance can facilitate debt for new construction, light value add, heavy value add, income producing and refinance strategies.

They've also carved out a niche with helping international investors make their entry into the US.  These investors are internationally based companies where the principles are foreign nationals (to United States) and they are investing in US Property with or without a local partner.

We hope that you've enjoyed the podcast, and can reach our guest - Yair Tilson - here: www.panchofinance.com