Hedge Funds vs. Homebuyers: Life With Mikey #19 with Jessie Rodriguez

In this episode, Life With Mikey tackles today’s real estate challenges with investor Jessie Rodriguez, host of HGTV’s Vintage Flip. Mikey and Jessie discuss the impact of hedge fund giants like Blackstone on home affordability, the rise of build-to-rent communities, and his approach to balancing profits with long-term value in California’s competitive market.

"Life With Mikey" is a dynamic podcast hosted by Mikey Taylor and Michael Michalov. Mikey Taylor, a former professional skateboarder turned real-estate-investing mogul, dives into the world of money, business, and culture. Drawing from his unique journey from skating the streets of LA to managing over $200 million in real estate, Mikey offers insightful discussions on achieving financial freedom and navigating the complexities of modern business. Michael Michalov boasts a robust 25-year journey in the financial services and real estate sectors. After college he quickly climbed the ladder in the banking industry, eventually becoming the Vice President of Retail, overseeing more than 200 locations, and managing a team of 1,075 employees. His knack for operational efficiency in banking and real estate is unparalleled. In 2014 Michael pivoted to becoming an entrepreneur and launched a financial advisory practice. This venture, which he successfully sold after three years, led him to an exciting opportunity as both a Partner and the COO at COMMUNE. With his extensive experience in operational management, financial advisory, and real estate, Michael is well-equipped to delve into a diverse array of captivating subjects.

The content of this video (“Video”) is for informational purposes only, is not offered as investment advice and should not be deemed as investment advice, and reflects the opinions and projections of COMMUNE as of the date of publication, which are subject to change without notice at any time subsequent to the date of issue. COMMUNE does not represent or warrant that the information presented in this Video is accurate, current, or complete or that the estimates, opinions, projections or assumptions made in the Video will prove to be accurate or realized.

Certain information contained herein may be derived from third party sources and has not been independently verified. COMMUNE has not and will not independently verify this information. Where such sources include opinions and projections, such opinions and projections should be ascribed only to the applicable third party source and not to COMMUNE.

Certain statements reflect projections or expectations of future financial or economic performance of the project. Such “forward-looking” statements are based on various assumptions, which assumptions may not prove to be correct. Accordingly, there can be no assurance that such assumptions and statements will accurately predict future events or the project’s actual performance. Past performance is not an indication of future results. No representations or warranties are made by the Commune Capital, LLC or any other person or entity as to the future profitability of investments discussed or the results of making an investment.

From 1998 to 2021, Commune RESOP REIT, LLC (“RESOP”); Asset Backed Lending Partners, LP (“ABLP”) funds was managed by Alliance Financial Group, Inc. or its subsidiary. In 2021, AFG engaged in a reorganization where AFG contributed the ownership interest in the manager of RESOP, and ABLP to Commune Capital. AFG is the majority owner of Commune Capital.

This content does not constitute an offer to invest and such offer will only be made by means of a confidential offering document that should be carefully reviewed before determining whether to invest. As with any investment there is a risk of loss, including up to the amount of investment.