The REI Diamonds Show-Real Estate Investment Podcast

Host Dan Breslin interviews Jonathan Tuttle, a real estate investor who has transitioned his focus from mobile home parks to a burgeoning asset class known as "flex space." He explains how the saturation of the mobile home park market pushed him into the flex space, a promising, underserved sector ideal for small businesses poised for significant growth. Jonathan provides a detailed breakdown of his current development project in a high-growth area of Texas, sharing specific financials and outlining his strategy. They also explore broader market trends, including the impact of interest rates and the strategic value of specific locations in a rapidly evolving real estate landscape.This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comFor Access to Real Estate Deals You can Buy & Sell for Profit:https://AccessOffMarketDeals.com/podcast/Visit the Episode Description & Transcript Here:Flex Real Estate Development With Jonathan TuttleJonathan Tuttle & I Discuss the Dynamic Market of Flex SpaceTransition from Mobile Home Parks to Flex Space (00:01:33 - 00:04:19)The Flex Space Business Model (00:04:19 - 00:06:02)Current Market Challenges (00:21:16 - 00:23:54)Attracting Capital and Investors (00:15:06 - 00:16:14)Relevant Episodes: (200+ Content Packed Interviews in Total)Mobile Home Park Investing with Jefferson LillyHow to Make $300K/Year Investing in Mobile Homes with No Money DownMobile Home Park Investing with Kevin BuppNavigating Real Estate Investment: From Young Enthusiast to Mobile Home Parks with Mitchell EnglandSocial Media Links:The REI Diamonds Show-Real Estate Investment on Apple PodcastThe REI Diamonds Show-Real Estate Investment on SpotifyThe REI Diamonds Show-Real Estate Investment on YouTube

Bill Kanatas and Ben Salzberg, are experienced real estate developers, specializing in Class A facilities, often involving the repositioning of closed, dark spaces or ground-up construction. Their strategy is primarily that of a merchant builder, aiming to develop and sell these properties within a three to five-year window after stabilization. They highlighted the importance of community engagement and building trust with municipalities during the entitlement process, especially when addressing concerns about new developments. A key to their success in the Chicago area, despite its high property taxes, has been securing tax incentives, such as the 7B designation, and developing in TIF districts, which showcases their expertise in navigating complex local regulations.This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now athttp://REILineOfCredit.comFor Access to Real Estate Deals You can Buy & Sell for Profit:https://AccessOffMarketDeals.com/podcast/Visit the Episode Description & Transcript Here:Self Storage Development With Ben Salzberg & Bill Kanatas Ben Salzberg, Bill Kanatas & I Discuss Self Storage Development:Merchant Builder Strategy for Self-Storage (00:05:40)Ben and Bill break down their merchant builder strategy where properties are developed and sold within a three to five-year window after stabilization.Focus on Class A Self-Storage and RV/Boat Storage (00:14:38)Ben and Bill share how they found huge wins by concentrating on Class A self-storage and RV/boat storage, which often involve the repositioning of closed, dark spaced or ground-up construction.Navigating the Entitlement Process and Building Municipal Trust (00:11:31)Ben and Bill discuss some valuable tips on how you can prepare for the entitlement process and the right way to build municipal trust, which are two essential components in a successful real estate transaction.Overcoming Chicago's Property Tax Challenges with Incentives (00:20:12)Ben and Bill talk about their experiences doing business in the Chicago area, particularly with how they navigate its complex tax hurdles and take advantage of all available incentives.Strategic Cleanup of Environmentally Challenged Sites (00:24:57)Ben and Bill explain the right and compliant process of cleaning up overgrown properties to restore their best state and even make the necessary improvements.Relevant Episodes: (200+ Content-Packed Interviews in Total)Self Storage Development with Fernando AngelucciSelf Storage Investing with Equity Warehouse Founder Ian HorowitzSelf Storage Redevelopment with Scott KroneTransforming Big-Box Retail into Self-Storage: A Conversation with Clint HarrisSocial Media Links:The REI Diamonds Show-Real Estate Investment on Apple PodcastThe REI Diamonds Show-Real Estate Investment on SpotifyThe REI Diamonds Show-Real Estate Investment on YouTube

Danny Newberry, founder of Vail Commercial, joins Daniel Breslin to discuss Newberry’s evolution in real estate investing. He shares the key lessons he learned in his journey from residential properties to commercial real estate, including the benefits of triple net leases and the importance of strategic management. Danny also covers market insights, cash flow considerations, and strategies for finding value in commercial investments. Tune in to this conversation full of valuable information about making the transition to commercial real estate or looking to enhance their investment strategy.This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comDan Newberry & I Discuss Investing in Commercial Real Estate:Transitioning to Commercial Real Estate (00:01:39) Danny discusses his journey from residential to commercial real estate, highlighting the gravitational pull many investors feel toward larger deals.The Impact of "Rich Dad Poor Dad" (00:02:24) He reflects on how reading Rich Dad Poor Dad at a young age sparked his interest in real estate investing.First Investment Experience (00:14:30) Danny shares his experience buying a sixplex during college and how it opened his eyes to the potential of real estate.Challenges of Managing Multifamily Properties (00:21:22) He talks about the overwhelming management intensity in multifamily properties and the cash flow challenges that often arise.Advantages of Triple Net Leases (00:25:40) Danny explains the benefits of triple net lease agreements, where tenants cover taxes, insurance, and maintenance, reducing the landlord’s responsibilities.Evolution of Real Estate Investing (00:27:00) He describes the progression from single-family homes to multifamily and finally to commercial real estate, highlighting the learning curve involved.Market Insights and Timing (00:42:35) Danny discusses how changes in the interest rate market influenced his investment strategy and decision-making processes.Importance of a Strong Tenant Profile (00:39:50) He emphasizes the significance of securing tenants with solid financials to ensure consistent cash flow.Focus on Smaller Commercial Spaces (00:40:23) He expresses his preference for small bay industrial and neighborhood shopping centers, noting their quick leasing times and lower management intensity compared to larger assets.Long-Term Holding Philosophy (00:46:22) Danny shares wisdom about the importance of holding quality assets long-term and understanding market dynamics to maximize investment returns.Relevant Episodes: (200+ Content Packed Interviews in Total)From House Hacking to $300 Million in Commercial Real Estate with Ivan BarrattREI Diamond Interview on Commercial & Residential Real Estate Loans with Joe ScoreseNegotiating No Money Down Commercial Real Estate Deals with Peter ContiThe Future of Commercial Real Estate Investing in Major Cities with James NelsonSocial Media Links:The REI Diamonds Show-Real Estate Investment on Apple PodcastThe REI Diamonds Show-Real Estate Investment on SpotifyThe REI Diamonds Show-Real Estate Investment on Youtube

Episode: Limited Partner Syndication Investing with Spencer HilligossGuest: Spencer Hilligoss is the co-founder and CEO of Madison Investing, a firm focused on helping passive investors achieve financial freedom through real estate. With a background in technology and experience in high-growth Silicon Valley companies, he leverages his expertise to navigate the investment landscape and educate new investors on rigorous due diligence and risk management.Big Idea: Dan Breslin and Spencer Hilligoss discuss the journey of investing in real estate through limited partnerships. They emphasize the importance of due diligence, understanding the dynamics of risk management, and building long-term relationships. This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://www.MadisonInvesting.com/View the Episode Description & Transcript Here:https://reidiamonds.com/limited-partner-syndication-investing-with-spencer-hilligoss/Spencer Hilligoss & I Discuss Limited Partner Syndication Investing:● Investment Framework for Evaluating Sponsors (00:02:15 - 00:04:41)● Emotional Journey of First-Time LP Investors (00:18:56 - 00:22:46)● Understanding Illiquidity in Real Estate Investments (00:27:29 - 00:28:44)● Risk Management and Financial Structuring (00:45:22 - 00:47:06)● The Significance of Building Relationships (00:52:54 - 00:53:52)Relevant Episodes: (200+ Content Packed Interviews in Total)● Elevating Your Life: Unraveling the Journey to Freedom and Fulfillment with Brad Chandler● Linda Liberatore on Outsourcing MOST of Your Property Management● Noel Christopher on Capitalizing on the Consolidation Underway in Property Management● Why Suburban Office Buildings are a GREAT Investment with Brian Adams

Guest: Henry Eisenstein is a commercial real estate broker and investor with extensive experience in both residential and commercial transactions, with transactions rotating $650 million. Big Idea: In the podcast, Henry and Dan Breslin discuss the importance of underwriting deals, evaluating net operating income and cap rates, and sharing personal experiences in the market. The conversation emphasizes strategic investment approaches, market analysis, and the value of collaboration in real estate. This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now. Resources mentioned in this episode:Henry Eisenstein View the episode description & transcript here:Henry Eisenstein on Commercial Brokerage & Investing - REI Diamonds Henry Eisenstein & I discuss commercial brokerage & investing:●     Importance of Understanding Market Conditions (00:00 - 00:12)●     Strategies for Underwriting Deals (02:52 - 06:00)●     Navigating Market Challenges (14:49 - 15:12)●     Collaboration in Real Estate Investing (15:27 - 18:50)●     Long-Term Investment Mindset (37:30 - 38:05)Relevant Episodes: (200+ Content Packed Interviews in Total)Lane Kawaoka on Syndicating Capital for Apartment Complex DealsMatt Einheber on the Title ProcessREI Diamonds Show with Peter Vekselman on High Volume Investing & Retail BrokerageMike Shapiro on Transforming a Southern California Real Estate BrokerageThe iCandy Realty Fix & List Model with Steve Budzik

Guest: Shane Carter is a seasoned real estate developer and entrepreneur with over 27 years of experience, specializing in multifamily and single-family development. He is the author of "Optimize Your Life," which emphasizes balancing professional success with personal well-being. As the founder of Hampshire Capital, Shane leverages his expertise in construction and development to create value and foster community growth. Big Idea: Shane shares his journey from home builder to successful real estate developer. This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now. Resources mentioned in this episode:Hampshire Capital LLC View the episode description & transcript here:Hampshire Capital CEO Shane Carter on Real Estate Development - REI Diamonds Shane Carter & I Discuss Real Estate Development:Balancing Personal Growth and Professional Success (00:01:46)Real Estate Development (00:07:45)Strategic Insights on Market Conditions (00:30:00)The Impact of Kindness and Networking (00:49:09)Relevant Episodes: (200+ Content-Packed Interviews in Total)Real Estate Development with Karl KrauskopfNavigating Real Estate Development: Insights from Brandon CobbMultifamily Strategies for Success with Ava, CEO of CPI CapitalStorage Yard Real Estate Development with Chris LongLife Lessons on Prosperity with The Wealthy Gardener author John SoforicFamily Values & Real Estate Investing with Jim Sheils, A #1 Wall Street Journal Best Seller

Guest: “Work Shop” author Joe Brady is an expert in retail commercial real estate. He served as CEO of Americas at The Instant Group as well as head of real estate for Walgreens. His early career includes capital markets & brokerage with a business-sale exit to JLL. Big Idea: Real estate may go up in value, but it certainly comes with an expiration date. Retail & office are the 2 recent asset classes where much of the product is simply useless and worthless—as many properties have sold at land value minus demolition costs. Joe has observed that retail has been forced to evolve because of the iPhone, and now office is facing the same challenges. This episode is also sponsored by Lending Home. Lending Home offers reliable & low-cost fix & flip loans with interest rates as low as 9.25%. Buy & hold loans offered even lower. Get a FREE iPad when you close your first deal by registering here now. Resources mentioned in this episode:Joe Brady View the episode description & transcript here:“Work Shop” Author Joe Brady on the Evolution of Retail Real Estate - REI Diamonds Joe Brady & I Discuss the Evolution of Retail Real Estate:• How to Engage a Mentor with Cold Outreach• Effectiveness is Superior to Productivity• Recent Grocery-Anchored Retail Development• Tenant Driven Development = Lower Risk Development Relevant Episodes: (200+ Content-Packed Interviews in Total)• Chris Prefontaine on $75,000 Average Profit Per Deal• Benefits of Scaling to $350 Million in Self Storage with Kris Benson• Life Lessons on Prosperity with The Wealthy Gardener author John Soforic• Joe Mueller, REO Broker & Investor on Picking the BEST Deals for Your Portfolio

Episode: Dallas - Fort Worth Industrial Real Estate Development with Michael TranGuest: Michael Tran is an associate vice president in the Colliers International Dallas-Fort Worth real estate office where he specializes in acquisitions & dispositions of industrial properties in Dallas-Fort Worth and throughout Texas. He has a background driving more than $600M in value through leasing and has closed more than 900 commercial real estate deals to date. Big Idea: Dallas – Fort Worth Texas industrial real estate offers strong opportunities in the Small Bay Industrial flex space asset class. This asset class seems poised for continued cap rate compression & value increases as institutional investors have begun buying in bulk.This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:http://www.flexbusinessparks.comView the Episode Description & Transcript Here:https://reidiamonds.com/dallas-fort-worth-industrial-real-estate-development-with-michael-tran/Michael Tran & I Discuss Dallas-Fort Worth Real Estate:• Uncapped Income Opportunities• Development of Small Bay Industrial• Buying into the Upward Trend• Lower Risk from a Broad Tenant BaseRelevant Episodes: (200+ Content Packed Interviews in Total)• Mike Shapiro on Transforming a Southern California Real Estate Brokerage• Saul Z on Leveling Up in Real Estate• Jason Buzi on Flipping Houses & Contracts in One of America’s HOTTEST Real Estate Markets-San Francisco Bay Area• REI Diamonds Show with Michael Freedman on Verifying, Reducing, or Even Eliminating Flood Zone Designations on All Kinds of Real Estate

Episode 264: Property Radar Founder Sean O'Toole on Investor DataGuest: Former house flipper turned tech company founder Sean O’Toole is the CEO of Property Radar, a property public record data source for business owners and real estate investors.This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://www.PropertyRadar.com/View the Episode Description & Transcript Here:https://reidiamonds.com/property-radar-founder-sean-otoole-on-investor-data/Relevant Episodes: (200+ Content Packed Interviews in Total)• Matty A on Flipping 30 Houses Per Year• Russell Walker on $45K/Month Positive Cash Flow with Airbnb• Mark Walker on Graduating from the Rat Race to Multi-Family Investment Deals• How to Find Off Market Real Estate Deals with Zack Boothe

Episode 262: Equity Warehouse Founder Ian Horowitz on Self Storage InvestingGuest: Ian Horowitz is the co-founder of Equity Warehouse, as self storage and small bay industrial development company. Ian is also the host of the Real Estate Reserve podcast.Big Idea: How to progress from single family house flipping and rentals to commercial real estate investing. This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a $350 Credit when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://www.EquityWarehouse.comView the Episode Description & Transcript Here:https://reidiamonds.com/equity-warehouse-founder-ian-horowitz-on-self-storage-investing/Dan Breslin: for any of our listeners. Ian, who don’t already know about you and Equity Warehouse. Do you want to kind of give us the origination story where you started, what you were doing. And then maybe a reader’s digest of your summary and a career, and and what you’re working on now.Ian Horowitz: Yeah, you know, we had. We had very humble beginnings. Myself and my business partner. We grew up outside of Philadelphia, and we wanted to be big city firemen, and at the time you had to live in Philadelphia you had to live there your whole career. And we said, Nope, not doing that. And we started taking tests all across the country, and me, my business partner and a few other friends. We ended up in Baltimore City. If you ever watch the wire that’s where we worked. If you watched all the riots that happened, that’s where we worked, we were in the heart of it. And the interesting thing, though, is, we got hired in 7 and 8. Well, why is that important? We all know what happens. The end of the world comes the global financial crisis. And here we are taking government jobs in exchange for security. Right? But then here we are being faced with furloughs, pensions, issues, company closures. Detroit’s going bankrupt. California pension systems are going bankrupt private industry and are going bankrupt...Ian & I Discuss Self Storage Investing:• Scaling from SFR to Commercial• Flying Planes & Fighting Fire builds real estate skill set• $10M deals take as much time as $100,000 deals• Small Bay Industrial Development Relevant Episodes: (200+ Content Packed Interviews in Total)• Saul Z on Leveling Up in Real Estate• Ian Walsh – Leverage Your Real Estate Business with Hard Money• Jason Buzi on Flipping Houses & Contracts in One of America’s HOTTEST Real Estate Markets-San Francisco Bay Area• Benefits of Scaling to $350 Million in Self Storage with Kris Benson

Episode 260: Building Strong Relationships & Winning Deals with Jeremy FriedmanGuest: Jeremy Friedman is the co-founder of Stoic Equity Partners, a commercial real estate firm focused on multi-tenant industrial properties. With Stoic's portfolio nearing $100 million in assets under management and spanning over one million square feet, Jeremy shares insights from his journey transitioning from an institutional bond broker to a leading real estate investor.Big Idea: In this episode, Jeremy delves into the advantages of investing in multi-tenant industrial properties, particularly those offering flexibility in office and warehouse space. He discusses the strategic shift from self-storage to industrial real estate, driven by supply constraints and rising demand, and how adaptive reuse projects have fueled Stoic Equity Partners' growth. Jeremy underscores the significance of value-add opportunities, demonstrating how his team has leveraged market dynamics with a focus on tenant flexibility, revolving leases, and long-term profitability. He explores the complexities of managing flex space properties, including maximizing returns for both general and limited partners, balancing investor splits, preferred returns, and fixed-rate debt, while addressing market fluctuations, interest rates, and key risk factors that investors should consider. This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://www.stoicep.comView the Episode Description & Transcript Here:https://reidiamonds.com/mastering-real-estate-success-with-stoic-equity-building-strong-relationships-winning-deals-with-jeremy-friedman/Jeremy Friedman & I Discuss Mastering Real Estate Success with Stoic Equity:• Launching Stoic Equity Partners (3:30): How the firm was born during the pandemic, starting with adaptive reuse of an old grocery store into a self-storage facility.• Cash Flow and Tenant Diversity (8:10): The benefits of managing properties with multiple tenants and how this strategy enhances cash flow and lease flexibility.• Tenant Profile (13:10): What to look for in ideal tenants, highlighting service providers like HVAC contractors, parts houses, last-mile logistics companies, and pest control firms.• Investor Returns and Splits (21:24): Jeremy explains the cash-on-cash returns and the IRR targeted for investors. He breaks down the preferred return and the desired profit split.• National vs. Local Tenants Risk (31:03): He examines how national tenants may close locations during economic downturns, while smaller local tenants may provide more stability, as they often prioritize survival.

Episode 258: Deferring Taxes with Vanguard 1031 Exchange President Brandon BurnsGuest: In this episode of the REI Diamonds show, host Dan Breslin welcomes Brandon Burns, a seasoned 1031 exchange expert. With over 4,000 transactions under his belt, Brandon runs one of the 119 1031 exchange companies in the country. His extensive experience and deep knowledge of real estate investment strategies make him a valuable resource for investors looking to optimize their portfolios through tax-advantaged methods.Big Idea: The conversation centers on the strategic advantages of 1031 exchanges in real estate investment. Brandon highlights the geometric average problem and how 1031 exchanges can mitigate tax burdens, allowing investors to preserve and grow their wealth more effectively. By deferring taxes on property sales, investors can reinvest the full proceeds into new properties, enhancing their long-term financial gains.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%. Buy & Hold Loans Offered Even Lower. Get a FREE IPad when you Close Your First Deal by Registering Now at http://REILineOfCredit.comResources mentioned in this episode:https://Vanguard1031x.com/View the Episode Description & Transcript Here:https://reidiamonds.com/deferring-taxes-with-vanguard-1031-exchange-president-brandon-burns/Brandon & I Discuss Deferring Taxes:• Understanding Section 1031 and Section 121 of the Tax Code (03:00-07:00): Benefits of Section 1031 for investment properties and Section 121 for primary residences, and leveraging both for tax advantages.• The Power of Compounding and Avoiding Geometric Average Losses (07:00-09:00): Impact of compounding interest and geometric average problems, with emphasis on how 1031 exchanges help retain profits.• Navigating the Four Major Hurdles of 1031 Exchanges (15:00-18:00): Key challenges in 1031 exchanges—time, value, financial, and property type—and strategies to overcome them.• Combining Section 121 and 1031 for Optimal Tax Benefits (20:00-24:00): Scenarios where combining Section 121 and 1031 can lead to significant tax-free gains.• Scaling Up and Strategic Property Acquisition (32:00-36:00): Personal experiences on scaling from smaller to larger properties, emphasizing mortgage paydown and property management benefits.• Pitfalls in 1031 Exchanges (47:00-50:00): Common pitfalls, including incorrect paperwork and the importance of setting up exchanges before closing deals.• Delaware Statutory Trust (DST) Overview (59:00-01:03:00): Explanation of DSTs as an alternative investment for 1031 exchanges, including their benefits and limitations.Relevant Episodes: (200+ Content Packed Interviews in Total)• Mike McLean on Section 8 Rentals• How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden• Dave Foster on Avoiding Taxes Using 1031 Exchange Real Estate Investing• Anna Barsky on Deferring Capital Gains