Strength in Numbers: Real Estate Syndication Strategies for Raising Capital, Structuring Deals, and Scaling Smart

My guests today started with $2,000 in their bank account and turned that into a $300 million multifamily apartment portfolio. Palmy and Nancy Kitti are here today to delve into the behind-the-scenes secrets of their wealth building strategy. We discuss how important fundraising is to their success, and discuss a major setback they encountered early in their entrepreneurial career. Find out more: jumpstartapartments.com dailyinvestorleadflow.com/opt-in Instagram: instagram.com/thekittisisters Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

2 Sep 202433min

It always amazes me how many real estate investors are still doing their own year-end taxes, or they’re working with a tax preparer who doesn’t specialize in real estate. While hiring an expert to do your taxes can be expensive, it’s much preferable to the alternative, which is not maximizing the powerful tax benefits you receive from investing in real estate. My guest today is a profit first accountant who has saved her clients over $1 billion in taxes.  Shauna The Tax Goddess is going to share the top tax saving strategies for real estate investors. We’ll be discussing cost segregation, real estate professional status, and the differences between short-term rental and long-term rental taxation. Shauna is also going to share some strategies that many investors aren’t even aware of, such as paying your children, renting out your personal residence for less than 14 days tax-free, and writing off your dog. Find out more: Phone number: 602-357-3275 taxgoddess.com To book a call, here is the link to the growth team: taxgoddess.com/growth-team Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

26 Aug 202436min

As a real estate investor you may have noticed that it has gotten a lot more difficult to acquire financing for your projects. That’s why it’s so important to build your lender relationships. Often, it is these relationships that will help you find creative and workable solutions for sourcing and maintaining your loans. Today, I’m thrilled to speak with Bobby Fisher, who has helped me source many of my loans under some challenging circumstances. Bobby is a top West Michigan area commercial loan producer and has expansive experience in commercial real estate and commercial real estate development lending. He’s also the Vice President of Commercial Loans at West Shore Bank. Today we discuss how lenders perceive investment opportunities, why it’s so important to cultivate your lender relationships early, and the importance of creativity in structuring a loan. Find out more: https://www.westshorebank.com bobbyf@westshorebank.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

19 Aug 202438min

This apartment investing panel discussion was recorded live at the 2024 Midwest Real Estate Investor Conference sponsored by the RPOA. Thanks for joining us today on this apartment investing panel discussion where we will be exploring the unique challenges and opportunities associated with multifamily and apartment investing. You’ll be hearing from three panelists who own, operate and asset manage apartments, and we’ll be offering practical insights on maximizing returns, managing risks, and scaling your portfolio effectively. Now, let’s meet our panel. Anthony Chara is a seasoned real estate investor with over 22 years of experience. He has owned or managed several successful multi-million dollar companies during that period, and owns and/or has syndicated approximately 1,600 apartment units around the country. He has also mentored several thousand aspiring real estate investors. Nick Wyma is the Director of Property Management with Wyma Properties and Lakeside Real Estate Services, which owns and manages over 250 doors. He’s been investing for 12 years in B-class apartment communities, single-family homes, and commercial buildings. Multifamily is hands-down his favorite asset class. Nick is also a 3rd generation RPOA member and the current RPOA President. Allison Koetsier is an Associate Broker with Compass Realty Services and has been a real estate owner and investor for over 20 years. She owns just under 100 B & C class units including single families, small multi's and smaller apartment complexes. Allison is also the #1 seller of multifamily properties as a realtor in greater Grand Rapids over the past 15 years.

12 Aug 202453min

There seems to be a lot of fear in the commercial real estate world about the amount of distress in commercial office buildings. In San Francisco, a Market Street tower that was purchased for $62 million in 2016 was recently sold for $6.6 million. That’s a 90% haircut! But where many see distress and ruin, my guest today sees opportunity. Scott Sherman of Torose Equities is actively acquiring office buildings and retail spaces at a time when many are hesitant to do so. Scott is here today to discuss his strategy for identifying, buying and financing distressed trophy assets in the office and retail space in high-entry barrier markets such as Miami, Tampa, and other US cities. Find out more: https://toroseequities.com/ Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

5 Aug 202429min

Today we’re going to talk about real estate development and how you might benefit from this strategy. Darcy Marler is the author of “Land Development as a Profitable Investment” and he’s here today to share why he believes development is the NEXT BIG THING in real estate investing. Darcy is a seasoned professional with over 22 years of diverse real estate experience. He’s done everything including small to large land development projects, short- and long-term rentals, and successful fix-and-flip ventures. Find out more: www.darcymarler.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

29 Juli 202430min

One of the biggest expenses in owning rental property is the cost of utilities—electric, gas, water, sewer and trash. The better we understand these costs and how to control them, the greater our profit potential can be. Often, tenants are responsible for paying their own utilities, but many owners pay these costs on behalf of the tenants because of how the systems are split and billed by the various providers. Today, we discuss how owners can maximize ROI through submetering (the practice of installing individual meters for utilities (such as water, electricity, or gas) in rental units or properties) and utility billing with Kelly Koontz, President of Submeter Solutions. Find out more: submetersolutions.com/podcast sales@submetersolutions.com (425) 228-6831 Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

22 Juli 202431min

My guest today was $75,000 in debt when he first used his credit card to purchase his first rental property. Today, he owns and manages hundreds of properties through his virtual management company. Steven Andrews just released his book “The New American Dream: A Simple Roadmap to Purchasing Investment Properties” and he’s here today to share his key steps to jumpstart your real estate business, scale your investments, and avoid common pitfalls. Today we discuss why TODAY is the right time to jumpstart your real estate business, as well as essential tips for overcoming challenges, fears, and self-doubt. Steven also shares the 6 questions you need to ask yourself before entering into real estate partnerships, the top 3 creative methods for financing your properties and your dreams, and the top 4 things you need to know about local ordinances, codes, and procedures before getting into the rental business. Steven also talks about his half-million-dollar giveaway and how you might be able to participate. Find out more: www.soarxconsulting.com Facebook Instagram Giveaway Link: https://shop.soarxconsulting.com Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area. https://www.livegreenlocal.com And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and Medicare benefits. https://www.rcbassociatesllc.com

15 Juli 202430min