The Real Estate Takeoff

Today, we are proud to present our exclusive investment opportunity for our 20-unit new apartment development on the border of Ocean Beach and Sunset Cliffs right here in San Diego, CA. This investment is open to all of our listeners so you can invest alongside us.  In this episode, we provide a sneak peak at what makes this rare opportunity such a great investment. If you've been listening to our podcast, you won't want to miss this one.  If you want to learn more about this investment, be sure to register for our live webinar on August 5th at 5:30 PM PT. Register by clicking here, or you can copy and paste the link at the bottom of this description. This webinar will cover all of the key details of this project including: An intro to the team/sponsors Project Overview Investment Location Details San Diego's Low Housing Supply The Numbers/Target Returns How to Invest IF YOU CANNOT ATTEND THE WEBINAR IT IS IMPORTANT TO REGISTER TO OBTAIN THE WEBINAR RECORDING AND FOLLOW-UP FOR ACCESS TO INVEST If you have any questions or have issues signing up for the webinar please email admin@takeoffcapital.com https://us06web.zoom.us/webinar/register/5317219404658/WN_R-_dsR6HRsuYnVHfatOYdg

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode, Shawn DiMartile interviews Austin Allison, the innovative mind behind Pacaso, a burgeoning platform revolutionizing vacation home ownership. Broadcasting from Tuscany, Italy, Austin shares his journey from humble beginnings in Cincinnati, Ohio, to becoming a leading figure in real estate technology. He talks about his early ventures, notably DotLoop, and its acquisition by Zillow, and delves into his latest endeavor, Pacaso. This platform redefines second home ownership by enabling co-ownership of luxury vacation properties. Throughout the conversation, Austin elaborates on the inner workings of Pacaso. He explains how the model supports real estate investors in acquiring shares of high-value properties in prime locations for a fraction of the cost. Austin details the rigorous processes involved in managing these properties, from vetting and onboarding homes to ensuring seamless operation and maintenance, sidestepping common pitfalls associated with co-ownership. This episode is a must-listen for anyone intrigued by the future of real estate investment and the innovative solutions Pacaso offers to current market challenges. Key Takeaways: Transformative Co-ownership Model: Pacaso enables multiple owners to co-own luxury vacation homes, reducing costs and operational headaches Broad Market Access: Pacaso operates in over 40 destinations globally, including the U.S., Paris, London, and Mexico, offering diverse property options Seamless Management: Pacaso manages all aspects of the home, from maintenance to scheduling, ensuring a hassle-free experience for owners Resale Opportunities: Owners can sell their shares through Pacaso's marketplace, providing liquidity and flexibility similar to traditional real estate transactions Growing Trend: Co-ownership is becoming more popular as housing affordability declines, allowing more people to enjoy the benefits of luxury property ownership How to connect with Austin:  Website: Pacaso Instagram: @pacasohomes LinkedIn:  Austin Allison Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: Join host Mike Tighe in this enlightening conversation with Kyle Matthews, a powerhouse in the commercial real estate industry. Broadcasting from Telluride, Mike dives deep into Kyle's journey from a college football player to founding the largest private commercial brokerage in America. Discover the trials and triumphs Kyle faced while transitioning from being a top-performer at Colliers International to establishing his own firm, Matthews Real Estate Investment Services. Kyle shares his foundational years, emphasizing his initial struggles in the real estate business, taking 17 months to close his first deal, yet how perseverance and hard work led him to success. He details the reasons behind starting his own brokerage and the steps taken to scale it nationwide, even discussing the intricacies of office operations, hiring practices, and his zero-debt philosophy. He also addresses the unique market challenges posed by rapidly rising interest rates and the fundamental shifts in office real estate post-COVID. Key Takeaways: Persistence Pays Off: Kyle's journey underscores the importance of perseverance, taking 17 months to close his first deal and growing from failures Strategic Scaling: Key insights on how to scale a business nationwide by focusing on the right hires and maintaining a strong office environment Financial Prudence: Kyle's adherence to a debt-free business model and the long-term benefits it offers Market Adaptation: Discussion on how high interest rates and other macroeconomic factors affect real estate and strategies to manage these changes Office Culture: Emphasizing the importance of an in-office work environment to foster collaboration and growth How to connect with Kyle:  LinkedIn: Kyle Matthews Instagram: @kylematthewsceo Twitter: @kylematthrewsceo Website:  Matthews Real Estate Investment Services Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode of the Real Estate Takeoff Podcast, Mike Tighe sits down with August Biniaz, the Chief Investment Officer at CPI Capital, to discuss the intricacies of real estate syndication, particularly in the multifamily space. Broadcasting from Vancouver, Biniaz delves into his dual role in acquisitions and asset management, providing listeners with a behind-the-scenes look at how CPI Capital navigates the ever-changing real estate market. Throughout the episode, Biniaz shares insights on CPI Capital's implementation of the EOS (Entrepreneurial Operating System) to structure their long-term goals, including their ten-year ambition to be listed among the top 50 apartment owners in the U.S. The conversation also covers topics such as the challenges posed by the current economic climate, how CPI Capital is leveraging internal resources during slow deal periods, and strategic partnerships that enhance their market presence. Biniaz notably highlights the importance of educating oneself constantly and building a strong personal brand in real estate investing. Key Takeaways: Role of CIO in Real Estate Syndication: August Biniaz outlines his responsibilities at CPI Capital, emphasizing the importance of disciplined deal underwriting and effective asset management Leveraging EOS for Business Growth: Biniaz explains how CPI Capital uses the Entrepreneurial Operating System (EOS) to set and achieve long-term goals, providing a structured approach to growth Adapting to Market Challenges: Despite a slow deal period in 2023, CPI Capital focused on strengthening internal processes and partnerships, demonstrating the importance of adaptability and continuous improvement Cross-Border Syndication: Biniaz discusses the complexities and tax considerations of syndicating real estate deals in the U.S. while based in Canada, highlighting strategies for compliance and efficiency Education and Branding in Real Estate: Reflecting on his journey, Biniaz stresses the significance of continuous learning and building a personal brand to succeed in the competitive real estate market How to connect with August:  CPI Capital Website August Biniaz on LinkedIn Real Estate Investing Demystified Podcast: Hosted by CPI Capital NMHC (National Multifamily Housing Council) Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, host Mike Tighe welcomes Trey Wheeler, VP of Investments at Tailwind Investment Group. Trey shares his journey from corporate finance to multifamily real estate investing, offering a unique perspective shaped by his diverse experiences. The conversation dives deep into the nuances of commercial brokerage, the subtleties of underwriting, and strategic insights for navigating the multifamily market, especially in today's volatile economic climate. Trey Wheeler explores the juxtaposition of working as a real estate broker and transitioning to a principal role, highlighting the significance of thorough underwriting and the importance of understanding market cycles. The episode also delves into the intricacies of listing properties, whether it's more beneficial to work with commercial brokers or residential agents, and how to create value as a sponsor. Trey imparts wisdom on thinking long-term, understanding market dynamics, and the benefits of having a cautious yet aggressive capital approach. Some key takeaways from this episode: Brokerage Insights: Trey discusses the profound impact of his experience in commercial brokerage on his investment strategies and career decisions Underwriting Best Practices: Emphasizes the importance of conservative assumptions, especially regarding rent growth and leverage, to ensure reliable profit margins Market Cycle Awareness: Highlights the necessity of understanding where we are in the real estate cycle to make informed investment choices Human Element in Real Estate: Treating everyone with respect and building lasting relationships is crucial for long-term success in the real estate business Strategic Capital Deployment: Trey touches on the advantages and disadvantages of different capital structures, including JV partnerships vs. discretionary funds How to connect with Trey: LinkedIn: Trey Wheeler Website: Tailwind Investment Group Stay tuned for more episodes of Real Estate Takeoff, where we bring you insights and experiences from industry experts to help elevate your real estate game. Listen to the full episode to dive deeper into the valuable lessons shared by Trey Wheeler. Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com  Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this insightful episode, Shawn DiMartile is joined by Josephine Saffert, a dynamic real estate developer based in Nashville, Tennessee. Josephine shares her journey from immigrating to the U.S. from Germany to establishing a successful development company focusing on urban fill projects. She provides an in-depth look into her strategies for selecting development sites, managing interest rate risks, and creating unique design features that make her properties stand out in a competitive market. Josephine dives into the specifics of her projects, including her focus on luxury townhomes and horizontal development. She discusses the importance of positioning developments in up-and-coming neighborhoods and leveraging investor partnerships to bring these high-end projects to life. Additionally, Josephine introduces her educational initiative, Developer Academy, which helps real estate professionals break into the development industry by providing a comprehensive curriculum and networking opportunities. Some key takeaways from this episode: Strategic Site Selection: Josephine emphasizes the importance of choosing development sites in emerging neighborhoods that promise future growth and value appreciation Interest Rate Mitigation: She discusses the impact of fluctuating interest rates on development projects and the necessity of conservative underwriting and padding contingencies Unique Design Features: Josephine's projects stand out due to unique design elements like rooftop hot tubs and courtyard spaces that add significant appeal Educational Outreach: Developer Academy aims to empower real estate professionals to venture into development with a combination of online resources and community support Investment Strategies: Insights into structuring investor deals for different types of development projects, including single-family homes, townhomes, and build-to-rent communities How to connect with Josephine: Instagram: @josephinesaffert Website Instagram: @sapphiredevelop Website:  Sapphire Development  Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website:  www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this engaging episode, Shawn DiMartile sits down with Alex Inabnet, a multifaceted real estate expert based in San Diego, to delve into the intricate world of real estate development and general contracting. With an eclectic background in construction management and a hands-on approach to multifamily developments, Alex offers a wealth of knowledge on the current real estate trends across different markets, especially in San Diego, Austin, and Tampa. Throughout their discussion, Alex reveals the challenges and nuances of the construction and development landscape, especially in high-demand areas like San Diego. He shares invaluable insights on how to navigate market volatility, the importance of hiring experienced partners, and the critical role of communication in mitigating risks in construction projects. This episode is a treasure trove of expert advice for anyone interested in multifamily real estate development, construction best practices, and strategic market analysis. Some key takeaways from this episode: A comprehensive discussion on the importance of strategic market selection, with a focus on secondary growth markets such as San Diego, Austin, and Tampa Insight into the high barriers to entry and regulations in California's real estate market compared to Texas and Florida The significance of effective communication and problem-solving in managing construction costs and project timelines The critical role of experienced business partners and mentors in successful real estate development Observations on current market trends and future predictions, particularly regarding interest rates and their impact on real estate investments How to connect with  Website: www.inabnetcontracting.com Email:  alex@inabnetcontracting.com Phone Number:  (318)-780-6513 Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Mike Tighe interviews Antonio Cucciniello, who shares his real estate journey and how he started investing in properties. He discusses the importance of finding alternative sources of income, especially for retirement, and how he used cash-out refinances to expand his real estate portfolio. Antonio also talks about his current focus on helping others get started in real estate investing through his company, House Hack Helpers. He emphasizes the importance of taking action and overcoming emotional barriers when it comes to investing in real estate. The episode concludes with a discussion on the potential of short-term rentals and the benefits of house hacking. Some key takeaways from this episode: Antonio Cucciniello started investing in real estate to provide a retirement income for his father and build a legacy for his future family Cash-out refinances allowed Antonio to recycle his initial capital and purchase more properties, expanding his real estate portfolio Antonio co-founded House Hack Helpers, a company that flips duplexes, triplexes, and quadplexes and sells them to individuals interested in house hacking Overcoming emotional barriers and taking action are crucial for success in real estate investing Short-term rentals can be a profitable option for maximizing rental income, but they require additional upfront costs and considerations How to connect with Antonio: Instagram: @investarters Book: The Beginner Real Estate Investor Playbook: A Step-by-Step Guide to Buying Your First Rental Property Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Sarah Miskelly shares her unique journey in real estate investing, from growing up in a modest apartment to becoming a successful investor and entrepreneur. She discusses the importance of starting early and learning from experienced investors, as well as the value of investing as a limited partner (LP) to gain valuable insights and build relationships. Sarah also emphasizes the need for due diligence when choosing partners and shares her own experience of investing with an untrustworthy general partner (GP). She provides advice for aspiring investors and highlights the importance of finding your niche and building authentic relationships in the industry. Sarah also discusses the current state of the market and offers insights on how to pivot and find profitable opportunities in any market condition. Some key takeaways from this episode: Starting early and gaining exposure to real estate at a young age can provide valuable knowledge and experience Investing as a limited partner (LP) allows individuals to gain insights into the investment process and build relationships with experienced investors Due diligence is crucial when choosing partners, and it is important to assess their track record, integrity, and alignment with your investment goals Building authentic relationships and networking are essential in the real estate industry, and attending conferences and meetups can provide valuable opportunities Pivoting and adapting to market conditions is key to finding profitable opportunities, and different asset classes may offer attractive prospects depending on the market How to connect with Sarah: LinkedIn:  Sarah Miskelly Website:  Hylee Capital Instagram: @sarah.miskelly Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Mike Tighe interviews Aaron Yassin, a real estate developer based in Brooklyn, New York. Aaron shares his unique journey into real estate development, starting from being a fine artist to purchasing properties for his studio. He explains the process of developing ground-up condominium buildings and the challenges and opportunities that come with it. Aaron also discusses the importance of vertical integration and finding the right team to execute development projects successfully. He emphasizes the significance of understanding the market dynamics and tailoring the marketing approach to target buyers directly. Some key takeaways from this episode: Aaron's background as a fine artist led him to purchase properties for his studio, which sparked his interest in real estate development Hive Developers focuses on ground-up condominium development, aiming to maximize the price per square foot in the markets they operate in The process of developing a condominium building involves obtaining approval for a condo offering, which includes separate tax lots for each unit Marketing and sales play a crucial role in the success of a condominium project, with the goal of targeting buyers directly and providing them with as much information as possible As units are sold, the debt is paid down through lien releases, and the remaining units are sold until the senior debt is fully paid off How to connect with Aaron:  LinkedIn:  Aaron Yassin Website and EBook: www.hivedevelopers.nyc Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss the important factors to consider when partnering with other investors for real estate deals. They provide valuable insights and advice based on their own experiences in the industry. The hosts cover topics such as the earnest money deposit, lending, asset management, property management, banking and financials, reporting to investors, construction and project management, and sale and disposition. They emphasize the need for clear communication and alignment of goals when entering into a partnership. Listeners will gain a better understanding of the key considerations and discussions that should take place before partnering with others in real estate investing. Some key takeaways from this episode: The earnest money deposit is an important topic to discuss before partnering with someone. It is crucial to determine who will be responsible for bringing in the deposit and ensure that all parties have the necessary liquidity When it comes to lending, the person signing on the loan should have a say in selecting the lender. It is important to consider the experience and qualifications of the individuals involved in the partnership Asset management responsibilities should be assigned to the person with the most experience and expertise in managing properties. This role involves overseeing day-to-day operations and making decisions to ensure the property performs according to projections The selection of a property management company should be based on merit and performance, rather than solely relying on a partner's existing company. It is important to evaluate the property management company's track record and ability to handle the specific property Banking and financials should be overseen by a responsible party who has access to the bank accounts and can manage the finances effectively. It is crucial to have checks and balances in place to ensure transparency and accountability Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Mike Tighe interviews Ed Mathews, the founder of Clark Street Capital. Ed shares his journey in real estate investing, from flipping houses to focusing on multifamily properties. He discusses the advantages of multifamily investing, including creating cash flow and building long-term wealth. Ed also explains why he decided to bring property management in-house and the benefits of vertical integration. He emphasizes the importance of finding mentors and learning from experienced investors in order to succeed in the real estate industry. Some key takeaways from this episode: Ed Mathews transitioned from flipping houses to focusing on multifamily properties to create long-term wealth Multifamily investing provides cash flow and the potential for generational wealth Bringing property management in-house allows for better control and ensures properties are managed according to Ed's standards Finding mentors and learning from experienced investors is crucial for success in real estate investing Ed emphasizes the importance of building relationships and networking within the real estate industry How to connect with Ed: Website: www.clarkst.com LinkedIn: Ed Matthew Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com    

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges they have faced in the short-term rental market, specifically with Airbnb properties. They analyze the decline in revenue and the increasing competition in the market. Shawn shares his experience with maintaining luxury properties and the high expense ratios associated with them. They discuss strategies for addressing guest issues and managing refunds. The hosts also explore the idea of investing in smaller, unique stays as a way to reduce expenses and simplify operations. Some key takeaways from this episode: The short-term rental market, particularly Airbnb, has become increasingly competitive, leading to a decline in revenue for many hosts Luxury properties come with high expense ratios due to the maintenance and upkeep required for amenities such as pools, hot tubs, and large kitchens Addressing guest issues promptly and effectively can help mitigate negative reviews and potential refund requests Investing in smaller, unique stays can reduce expenses and simplify operations, offering a more manageable and cost-effective approach to short-term rentals Expense ratios should be considered alongside income figures when evaluating the profitability of short-term rental properties Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Shawn DiMartile interviews Andrew Hines, a seasoned real estate investor and entrepreneur. Andrew shares his journey in real estate investing, from his early experiences with rent-to-own properties to his current focus on short-term rentals and glamping resorts. He discusses the importance of being adaptable and willing to pivot strategies as the market changes. Andrew also provides insights into the profitability of short-term rentals and the potential for scalability in the industry. He emphasizes the need to focus on the cool factor and create unique experiences for guests. Additionally, Andrew talks about his current ventures in Florida and his approach to off-market acquisitions. Some key takeaways from this episode: Andrew emphasizes the importance of being adaptable and willing to pivot strategies in real estate investing as market conditions change Short-term rentals, such as glamping resorts, can be highly profitable if done right, with the potential for quick payback periods and significant cash flow The cool factor and unique experiences are crucial in attracting guests to short-term rental properties Off-market acquisitions can provide opportunities to buy properties at discounted prices and protect against downside risks Andrew's focus on scalability and building an organization has allowed him to grow his real estate ventures and take advantage of new opportunities How to connect with Andrew: Instagram:  @theandrewhines Podcast: The Andrew Hines Real Estate Investing Podcast Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram: Shawn: @shawndimartile_ Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, hosts Shawn DiMartile and Mike Tighe discuss the challenges of building affordable housing in San Diego, California. They delve into the numbers and costs associated with constructing affordable housing units, highlighting the reasons why it is difficult for developers to build such projects without government intervention. The hosts also explore the role of tax incentives and subsidies in making affordable housing projects financially viable. Through their insightful analysis, they shed light on the complexities of the affordable housing issue and provide valuable perspectives on the topic. Some key takeways from this episode: Building affordable housing is challenging due to high construction costs, expensive land prices, and the need to charge higher rents to cover expenses and generate profits Developers often choose to build higher-end projects in more desirable neighborhoods to maximize their returns, rather than focusing on affordable housing Government intervention, such as tax incentives and subsidies, is necessary to bridge the financial gap and make affordable housing projects feasible Subsidies can be viewed as investments by the government, as they not only provide housing for low-income individuals but also contribute to the stability and growth of the local economy The government can recoup its investment through tax revenue generated by the affordable housing units over time Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Mike Tighe interviews Bobby Bryant, a seasoned real estate professional and the founder of DOSS, a tech startup that leverages artificial intelligence to revolutionize the real estate industry. Bobby shares his journey from being a teacher to entering the world of real estate, highlighting the pivotal moment when he met his wife's uncle, a successful real estate broker. Inspired by this encounter, Bobby embarked on a career in real estate and eventually founded DOSS to provide a more efficient and personalized experience for buyers, sellers, and renters. Throughout the conversation, Bobby discusses the importance of belief and mentorship in achieving success. He emphasizes the value of finding mentors who are where you want to be and being willing to contribute and add value to their lives in return. Bobby also shares insights into the development of DOSS and how it aims to serve as a comprehensive life cycle solution for real estate, going beyond traditional search portals to provide a seamless experience from search to transaction to home servicing. Some key takeaways from this episode: Bobby Bryant's journey from being a teacher to entering the real estate industry was sparked by a chance encounter with his wife's uncle, a successful real estate broker Belief in one's ability to succeed is crucial when pursuing a new career or venture Mentorship plays a significant role in Bobby's success, and he emphasizes the importance of finding mentors who are where you want to be and being willing to contribute to their lives DOSS, Bobby's tech startup, aims to provide a comprehensive real estate experience by utilizing artificial intelligence to offer personalized search, transaction, and home servicing solutions The goal of DOSS is to go beyond traditional search portals and create a life cycle solution that serves buyers, sellers, renters, and homeowners through their real estate journey How to get in touch with Bobby: LinkedIn: Bobby Bryant, M.Ed DOSS: www.askdoss.com Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss their transition from buy and hold multifamily investments to ground-up development. They explain the reasons behind their pivot, including the rising costs of existing properties compared to the cost of building new ones. They highlight the benefits of ground-up development, such as lower expense ratios, higher profits, and the ability to provide affordable housing options. The hosts also address misconceptions and criticisms surrounding complete communities programs and zoning laws. Overall, this episode provides valuable insights into the world of real estate development and the advantages of ground-up construction. Some key takeaways from this episode: Replacement costs for existing multifamily properties have met or exceeded current pricing in most parts of the country, making ground-up development a more profitable option Building new multifamily properties allows for lower expense ratios and higher profits compared to purchasing existing properties Ground-up development provides the opportunity to create affordable housing options and avoid rent control regulations for the first 15 years of ownership Value-add properties may appear attractive, but they often come with higher expense ratios and potential issues due to aging infrastructure Complete communities programs aim to increase housing density and provide affordable housing options, benefiting both developers and low-income renters Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Elijah Brown joins host Mike Tighe to discuss his journey in real estate investing and his transition to the fund-to-funds model. He shares his experiences as an active operator, the challenges he faced, and the lessons he learned along the way. Elijah explains the benefits of partnering with experienced sponsors and the importance of focusing on what you're best at in order to scale your portfolio. He also discusses his investment strategy, which involves targeting value-add multifamily properties in the Sunbelt region, particularly in Arizona and Texas. Elijah provides valuable insights into the world of capital raising, including the process of vetting sponsors, establishing relationships with family offices, and navigating the legal aspects of the fund-to-funds model. Some key takeaways from this episode: Elijah Brown transitioned from being an active operator to focusing on the fund-to-funds model to achieve greater success and reduce the stress associated with managing properties By partnering with experienced sponsors, Elijah was able to scale his portfolio and gain access to larger deals and better investment opportunities The fund-to-funds model allows Elijah to raise capital from retail investors and allocate it to different sponsors and deals, providing diversification and risk mitigation Elijah focuses on investing in value-add multifamily properties in the Sunbelt region, particularly in Arizona and Texas, due to the favorable market conditions and population growth in those areas Building relationships with family offices and institutions is a long-term process that requires establishing trust, demonstrating a track record, and providing value to potential investors How to get in touch with Elijah: Website: www.goldhawk.us LP Multifamily Calculator: www.goldhawk.us/calculator GoldHawk Capital eBook: www.goldhawk.us/ebook Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com  

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss their decision to internalize property management for their multifamily portfolio in San Diego. They explore the challenges they have faced with third-party property management companies and the inefficiencies they have observed in the leasing process. Shawn and Mike highlight the importance of control and the ability to optimize the leasing process to attract and retain tenants. They also emphasize the cost savings and improved customer service that can be achieved by managing properties in-house. Throughout the episode, Shawn and Mike share their insights and experiences as real estate investors and developers, providing valuable advice for listeners who are considering internalizing property management for their own portfolios. They discuss the importance of effective marketing, prompt response times, and streamlined application processes. By taking control of these aspects, landlords can enhance the leasing experience and maximize their profitability. Some key takeaways from this episode: Internalizing property management allows for greater control over the leasing process, leading to improved efficiency and profitability Third-party property management companies often have inefficiencies and limitations that can hinder the leasing process Prompt response times and effective marketing are crucial for attracting and retaining tenants Streamlined application processes and clear communication can expedite the leasing process and increase tenant satisfaction Internalizing property management can result in cost savings and improved customer service Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Shawn DiMartile interviews Bill Faeth, a successful short-term rental operator and real estate investor. Bill shares his journey from long-term rentals to short-term rentals and explains why he believes short-term rentals are the number one asset class today. He discusses the benefits of short-term rentals, including cash flow and tax advantages, and shares his strategies for finding and investing in profitable properties. Bill emphasizes the importance of market research, underwriting, and marketing in order to stand out in a competitive market. He also discusses the impact of regulations on short-term rentals and advises investors to choose markets with consistent and favorable regulations. Some key takeaways from this episode: Short-term rentals offer higher cash flow and tax benefits compared to long-term rentals Investing in secondary and tertiary markets can be more profitable than investing in saturated primary markets Insulation from competitors, unique views, and proximity to attractions are key factors to consider when choosing a property Building rapport with guests through personalized communication and providing a high level of hospitality can lead to better reviews and repeat bookings Having a coach or mentor can help investors fast-track their success and avoid costly mistakes How to connect with Bill: Facebook: Build Short Term Rental Group Instagram: billfaeth73 Website: www.billfaeth.com Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com