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The Millionacres Podcast

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Our mission at Millionacres is to educate and empower investors to make great decisions and achieve real estate investing success. We provide regular content and perspective for everyone from those just starting out to seasoned pros with decades of experience. At Millionacres, we work every day to help you demystify real estate investing and build real wealth. Millionacres is a Motley Fool Service. Learn more at www.millionacres.com
72 Episodes
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The growth of professional soccer had led to a bumper crop of stadiums all around the country. Behind much of that growth is Justin Papadakis Chief Operating Officer and Chief Real Estate Officer of the US Soccer League.Over the past four years, he has facilitated an unprecedented surge in soccer-specific and mixed-use stadium developments anchoring economic live, work, and play projects across the country.0:00 Introduction1:28 The growth of soccer in the U.S. 3:38 Stadiums as a city anchor6:57 From baseball to soccer in Pawtucket9:57 Pitching stadiums to cities12:50 Stadiums in cities vs. suburbs17:05 What cities are good targets for new stadiums? 20:09 The use of public-private partnerships in stadium development25:32 Community feedback and real estate development29:10 The impact of stadiums for investors 32:41 Deciding stadium size 36:42 Changes in the viewing experience
This episode is sponsored by Origin Investments.We've talked a lot on this podcast about investing in real estate deals but today we are going to look at deal structuring. And who better to ask than a lawyer. Daniel Cocca is a  lawyer, entrepreneur, real estate investor, and Co-Founder at Alpha Investing. He's a New York City corporate attorney by trade but now serves as Managing Director and Principal of Alpha Investing, and has capitalized over $3B of acquisitions over the past six years.0:00 Introduction1:20 Starting off as an investor2:44 The value of an operating agreement3:33 Structuring an operating agreement4:46 What investors need to know about limited partnerships7:12 Understanding waterfalls9:12 What is private placement? 10:25 The SEC's role in private investments13:36 The impact of the current real estate market 17:13 What the bond buying taper could mean19:32 How sponsors get started23:31 Origin Investments ad24:52 How to put a deal together26:24 What is mezzanine financing? 29:08 Understanding capital calls 31:21 Impact of supply chain concerns34:56 What inflation means for real estate38:40 Hot markets for multifamily43:18 Minimum holds for Alpha Investing49:21 Alpha Investing's plans to scale 
This episode is sponsored by Origin Investments.The problems of affordable housing in this country are likely going to be solved through a mix of public and private partnerships. That's probably a lot easier said than done and few people understand that more than my guest today, Pete Carroll from CoreLogic. Pete oversees Corelogic's industry and public sector engagement programs and prior to joining CoreLogic he held positions at Quicken Loans, Wells Fargo and the Consumer Financial Protection Bureau. 0:00 Introduction1:12 A look at Build Back Better and what it means for housing8:19 The impact of upzoning 11:13 Changes in housing policy 16:40 How to speed up housing development 21:16 Impact of eviction moratoriums 27:28 Paths to equitable homeownership 35:24 Migration and climate change 38:33 What investors need to know about climate change 
This episode is sponsored by Origin Investments.Today we are diving into all things self-directed IRAs with John Bowens of Equity Trust. John is a senior manager at IRA custodian Equity Trust Company. John draws from his 15 years in the real estate industry and his experience as an active real estate investor. In his travels across the U.S. and virtually, he has trained 50,000 investors during more than 300 workshops and classes, spreading the message about the power of building tax-free wealth and leaving a lasting legacy by investing in what you know best. 0:00 Introduction1:31 Core benefits of SDIRAs5:16 SDIRAs and depreciation8:29 Roth and Traditional IRAs12:08 Rules of investing in IRAs14:38 NFTs and crypto15:44 SDIRA custodians18:09 Managing an SDIRA21:10 Things to look for in a custodian27:26 Investing in crowdfunded real estate deals30:53 Understanding UBIT40:56 The use of passive losses45:15 The impact of tax fear 47:41 Fair market valuation51:06 Potential tax changes 
This episode is sponsored by Urban Catalyst. Managing properties remotely is easier than ever due to a wide variety of technologies. Jim Netska of PointCentral discusses the use of sensors, cameras, and smart-home technologies and where the short-term rental industry is heading as a whole. 0:00 Introduction1:05 Smart home adoption 2:23 What PointCentral does4:55 Safety and security concerns 7:01 Who PointCentral is for8:45 Evolution of keyless entry10:32 Rise of flexible renting 12:08 What property managers are thinking about today13:21 Importance of Wi-Fi17:37 Urban Catalyst ad 19:48 Use of sensors23:21 Using noise sensors 24:56 Cameras and privacy 27:29 Remote monitoring 29:21 Changing attitudes toward seasonality in rentals 30:57 Labor and automation 33:00 Connecting to different types of rental software33:44 The short-term rental market in five years 
This episode is sponsored by Urban Catalyst. The short-term rental market has changed dramatically since the pandemic. Bookings fell but then rose quickly due to remote work and school. Now in our evolving world, more guests than ever are looking at short-term or flexible solutions. To talk about this wild ride and more in hospitality is Mike Liverton, the founder of Jetstream Hospitality Solutions, a company that provides tech solutions for short-term rental operators. 0:00 Introduction1:06 How Mike got into hospitality tech5:08 Dynamic pricing in short term rentals6:05 The return of condo hotels 7:06 How short term rentals have evolved8:44 What does guest delight mean for Jetstream 10:24 The value of multilingual communication 12:20 AI and translation13:18 Short term rental trends across different companies 16:04 The flexible rent trend 18:07 Urban Catalyst ad 20:14 Investor demand for short-term rentals21:49 How to evaluate short-term rentals22:49 Impact of high prices 24:25 How Jetstream helps investors 25:52 Airbnb's need for hosts27:14 Brand building for short term investors28:25 Vetting software integrations29:40 Mike's transition away from CEO
This episode is sponsored by Urban Catalyst. Rentify is a technology platform to help property owners and managers improve their ability to screen prospects and identify ideal residents. It uses an AI-driven approach that replaces credit checks with a comprehensive analysis of prospects’ overall financial picture that leverages bank data. In this episode, we talk about the uses of artificial intelligence and how spending behavior shows a more comprehensive tenant picture. 0:00 Introduction1:18 Artificial intelligence and tenant screening2:19 Building the Rentify system3:19 How Rentify's AI works 4:47 Going beyond the credit check6:10 Building a long-term relationship with tenants 6:49 Credit score inflation7:57 Chad's experience as a landlord9:45 Why credit checks are so expensive10:56 The current rental market11:47 The rise of the flexible rental 12:47 Impact of eviction moratoriums 13:24 Working with institutional landlords 15:30 Urban Catalyst ad17:28 Differences between screening in U.S. and Canada18:56 Chad's eviction horror story19:49 Chad's experience in technology 20:49 Rentify and cybersecurity22:51 The risk of identify fraud25:00 Concerns over hacking25:44 Uses of anonymized data28:03 What spending habits show about tenants30:28 The issue of subleasing31:15 A single solution for tenant applications 32:26 State and local restrictions 33:15 Biggest landlord concerns right now34:04 Rentify in 5 years 
This episode is sponsored by Urban Catalyst. What sets CityVest apart is that it raises capital for Access Funds that then invest in high-quality private equity real estate funds that usually have very high investment minimums, putting them out of reach for most investors. Here to talk about this and more is CityVest CEO Alan Donenfeld.0:00 Introduction1:10 What CityVest does3:02 What funds invest in3:53 Getting started with CityVest6:31 Current deal flow9:23 Using SDIRA capital11:10 Understanding deal documents12:57 The value of being a major investor17:16: K1s and Taxes18:43 Due diligence21:28 Urban Catalyst ad23:24 Lessons from the pandemic26:24 Sectors CityVest looks at 29:46 Reasons to be optimistic about student housing31:48 CityVest and workforce housing 34:19 Thoughts on blockchain and tokenization37:21 The potential impact of inflation40:29 The future of CityVest
Today we are talking about taxes and more specifically how you can set up your tax structures when it comes to your real estate investing business. With the caveat that none of what you will hear today constitutes individual tax advice, let's dive in with Steve Moskowitz. Steve has over 30 years of experience as a tax attorney. His mission is to help smaller businesses and individuals deal with complicated tax issues. 0:00 Intro1:06 Steve Moskowitz on why he loves taxes3:15 Tax complexity3:59 Setting up tax structures12:33 Cost segregation analysis16:19 Qualifying as a real estate professional21:32 The benefits of Delaware Statutory Trusts24:59 Urban Catalyst ad27:06 What the Pandora Papers mean33:06 Understanding the pass through deduction39:10 What happens when you get audited41:57 How long should you hold tax documents?46:00 Opportunity zones48:24 Potential tax changes 49:48 Thoughts on crypto53:43 What's most important for real estate investors to know? 
This episode is sponsored by Urban Catalyst. Fundrise pioneered real estate investing for the masses. It has grown to be the largest player in the space offering opportunities for all levels of investors. Ben Miller shares his journey in founding the company, how Fundrise has evolved, and where both the company and real estate are headed next. 0:00 Introduction1:23 How Fundrise Got Started 3:10 Fundrise and the SEC3:54 How Fundrise is structured5:03 How the Fundrise investment thesis has evolved7:11 Ben's history in real estate8:34 How real estate crowdfunding is evolving10:42 Why the term crowdfunding might not be accurate12:18 Ben's opinion on the changing rules around accreditation17:53 Fundrise vs. REITs19:32 Urban Catalyst sponsored ad21:39 The rise of build to rent25:12 Why this building cycle is different26:57 Fundrise and the West Jefferson neighborhood of Los Angeles29:52 Changes in multifamily real estate33:32 Is there overbuilding at some levels? 35:36 Fundrise and industrial real estate40:17 How Fundrise tracks its investments42:41 The current pace of transactions 44:29 The next big thing47:01 The future of Fundrise
This episode is sponsored by Urban Catalyst. Taxes can loom large in our lives but one of the great things about investing in real estate in the first place is that there are structures that can help. One of them is DSTs, Delaware Statutory Trusts. If you've never heard of these or you, like me, are curious to learn more this is the podcast for you. Chay Lapin of Kay Properties explains what investors need to know about DSTs and how to use them in investing.0:00 Introduction1:36 What is a DST?2:47 Why were DSTs created3:38 How is a DST different from a 1031 exchange? 5:31 Can DSTs be used in fractional ownership7:41 Can you go from a crowdfunded deal to a DST? 11:51 How do 1031 exchanges work to protect you from taxes?13:17 Do you have to be accredited to use DSTs?14:03 What is the average minimum investment on the Kay Properties platform? 16:04 Which investors is a DST right for? 18:17 Could new potential legislation impact DSTs? 21:22 Urban Catalyst ad23:21 Diversifying with DSTs25:08 What types of investments are available? 27:10 What is the operating structure of a DST? 29:34 Sponsor communication31:13 Geographic and sector diversification 34:08 Property sourcing 35:29 Due diligence38:55 Non-recourse financing 40:08 The education process for investors42:02 Hold times on DSTs43:59 Current deal flow 46:28 How Chay's past as an Olympic athlete connects to real estate investing
This episode is sponsored by Urban Catalyst. It's nearly impossible to scale your real estate investing business without access to capital. You've probably heard the term OPM, other people's money before. Matt Faircloth, the author of Raising Private Capital and the cofounder and president of the DeRosa Group shares his secrets to responsible development using private capital. We discuss what private capital is, structuring deals, and the importance of investor communication. 0:00 Introduction to Matt Faircloth1:27 What is private capital?2:47 Working with family 5:52 Building your personal network9:22 Learning how to talk about your business11:33 Vetting your cash providers 13:37 Building trust and transparency 15:02 Working with SDIRAs20:54 Investing using home equity26:09 Breaking down a new deal30:06 Offering memorandum structure32:45 Matching up investors and deals 34:50 Using social media and newsletters38:39 Communication when things aren't running smoothly 41:34 Honesty and expectation setting 43:27 Loan and equity deals 48:37 Evolving as an investor 
This episode is sponsored by Urban Catalyst. Sometimes when it comes to real estate investment, caution is a very good thing. Adam Kaufman is a co-founder and the COO of ArborCrowd and is an authority on commercial real estate and crowdfunding. He takes a cautious and methodical approach to real estate crowdfunding.  ArborCrowd is part of the Arbor family of companies which includes the Arbor Realty Trust, a publicly traded commercial mortgage real estate investment trust. You can read the review of ArborCrowd on the Millionacres website.0:00 Introduction to ArborCrowd1:23 ArborCrowd's reaction to the pandemic 2:50 Adam Kaufman on a methodical approach to investing3:48 What makes a deal a "no go"?5:56 The value of skin in the game7:06 Explaining the sponsor promote to investors8:36 Real estate crowdfunding's future10:13 Why sponsors are hesitant about crowdfunding 12:19 The current deal acceleration13:31 ArborCrowd and the Arbor Group of companies18:13 The rules around accreditation 20:39 What does transparency mean for ArborCrowd? 22:10 What to do if you don't understand a deal23:29 The value of sponsor communication25:15 The impact of climate change on real estate crowdfunding 26:05 Interesting markets and sectors 26:40 Impact of remote work27:46 Workforce housing trends28:58 Opportunity zones30:59 Interest rates and inflation
This episode is sponsored by Urban Catalyst. When it comes to talking about renovation, people tend to fall into two camps, those who have watched a lot of HGTV and can't wait to do the fun part and pick out tiles and those who are scared to start because they are afraid they are going to make a costly mistake. For both of those camps, today's podcast should help. Van Sturgeon is an experienced entrepreneur who created several businesses in the real estate industry and he's also a general contractor. He personally owns over 1,000 properties across North America, and is semi-retired from the day-to-day operations of his businesses. His mission is to help real estate investors overcome their fears of house renovations.0:00 Introduction 4:11 The perils of being a general contractor6:47 The importance of a needs and wants list10:13 Secrets for vetting contractors17:08 Building a scope of work19:20 Getting multiple quotes22:06 Sponsor statement -- Urban Catalyst24:16 Dealing with water damage and mold 26:17 Wiring in older houses32:02 Buying as is 34:15 Is there anything that is unfixable39:26 The current market for flippers43:08 Renovating multiple families 48:54 Preparing neighbors for a renovation50:38 Is there any trend that is played out for renovators? 
Crowdfunding investment platform Republic is partnering with real estate platform Nada to open the door of some of America's top cities to the average person through Cityfunds. Cityfunds will make it possible for anyone living anywhere to invest in a single city's real estate market. In this episode we explore the concept in detail.0:00 Intro1:21 What is Republic seeing in crowdfunding right now? 3:03 Increase in sponsor interest4:04 The impact of accreditation on crowdfunding7:32 Rise of mobile platforms for crowdfunding9:15 Role of crypto in real estate11:47 Increased adoption of bitcoin18:44 What are Cityfunds?20:47 Partnership between Republic and Nada Homes22:18 How did you choose your first cities? 23:12 The buzz around Austin24:05 Challenges of buying in a hot market25:16 What cities are you looking at next?26:16 Evolution of the Cityfunds strategy27:50 Buying and selling within Cityfunds28:28 A secondary market for selling shares?29:44 Diversifying across cities31:09 Investing within specific neighborhoods33:08 How should investors be thinking about with their investment in Cityfunds? 35:15 Limits on investing35:41 How do you open a new market? 36:46 How long does it take for the Cityfund to ramp up?37:24 What happens once the fund closes? 38:31 Long-term goals for Cityfunds
Multifamily investing is one of the hottest sectors of real estate investing right now which creates unique opportunities and challenges for those in the space. Learn from Origin Investments CEO Michael Episcope how he evaluates investments in this changing landscape. Michael Episcope one of the co-founders of Origin Investments. Founded in 2007, Origin Investments is a real estate investment firm that acquires multi-family properties in some of the country's fastest-growing markets like Atlanta, Austin, Charlotte, Chicago, Dallas, Denver, Houston and Raleigh. It has raised multiple funds for investors. 0:00 Introduction1:11 What is happening in multifamily?3:05 What types of multifamily are thriving?5:12 What types of projects is Origin looking at? 7:33 How Origin is changing its strategy10:02 How does Origin find sponsors?11:45 Thoughts on accreditation15:19 Real estate investing and taxes19:40 What metrics should investors be looking at? 22:03 Funds vs. individual CRE investments25:54 Michael's journey from commodities to real estate 32:47 Who are Origin's investors 34:14 The latest on opportunity zones40:11 Other tax credit programs44:11 The impact of current economic drivers on investing49:08 Michael on his own home improvement
Jonas Bordo is the founder of Dwellsy, a growing rental platform for listing and finding rentals. In this interview we discuss the problems with aggregating rental data, alternatives to the security deposit, rental rates and other concerns for rental property owners and anyone curious about the rental space. 0:00 Introduction1:04 Why is the security deposit system broken? 2:30 What can landlords use instead3:44 The varying state rental laws 4:40 Data standards in rental listings6:16 The challenges of aggregating rental data9:39 Rental prices right now15:06 Where people are moving to 18:53 The current eviction moratorium landscape 24:18 How Dwellsy makes money27:48 Tracking rental laws 29:31 Staying compliant with fair housing 33:05 Pet rules for landlords 35:30 Photography for rentals 40:22 The value of search filters
There's lots of opportunity in the rental property market. Mike Hills of Atlas Real Estate owns over 50 units including a condo, townhouse, single-family homes, duplexes, quad-plexes, an apartment and a trailer park. He shares his advice for investors, the markets he is invested in, and how real estate can be used throughout your investing career.0:00 Introduction1:30 Finding opportunities in this current market3:25 How did you and your investors respond to the pandemic? 6:10 Mike's experience through the Great Financial Crisis10:40 Using 1031 exchanges 12:55 How do you level up as an investor? 19:16 Financing larger buildings21:55 Accessory Dwelling Units27:04 The Denver market 30:05 Real estate in Phoenix31:40 Other markets Atlas is looking at 36:40 The basics of property management38:50 Crafting your exit strategy42:45 Working with Zillow45:34 The virtuous circle of real estate investing
Getting funds is often the toughest part of any project and when it comes to hard money loans, many investors are scared to even begin the process. We dive into the basics of bridge loans with Michael Bourque, the CEO of LendingHome, one of the country's biggest lenders to real estate investors. In this conversation we discuss how to start your first flip, the current lending climate, and how to use financing to build your rental property portfolio or flipping business.0:00 Introduction1:29 Current lending market2:30 What is the Lending Home flipping product? 3:19 How do interest rates impact the rates for these loans4:30 What is the qualification process like?5:30 Machine learning and loan approval7:30 Lending rules by state9:30 Consolidation in the lending industry10:55 Competition in the lending space12:59 Starting your first flip16:25 When a loan starts going wrong18:25 Impact of the pandemic on Lending Home 23:03 The SFR boom25:35 Competing against iBuyers for home flippers26:59 The LendingHome rental business product29:40 Financing large scale building32:07 A passive product for accredited investors34:00 What is next for LendingHome37:40 The growth in build to rent 38:32 LendingHome in 5 years
This podcast features an interview with Brian Dally,  the co-founder and CEO of Groundfloor. Groundfloor creates fix and flip loans for those interested in investing in home-flipping businesses. It's open to both accredited and nonaccredited investors and you can start for as little as $10. In the interview we discuss real estate crowdfunding, the current investing market, loan grading, and the future of real estate. 0:00 Introduction0:37 Intro to Brian Dally and Groundfloor1:13 The current market and Groundfloor2:47 How investors are finding deals4:40 Aging of housing stock6:27 Partnership with PadSplit8:01 How does Groundfloor work? 13:25 How to risk balance15:50 How Groundfloor scores loans 21:08 How Groundfloor makes a profit23:28 Supply and demand on the Groundfloor platform25:37 Commodities and inflation27:50 Balancing risk32:24 Investor communications35:36 Financing for ADUs39:00 Are iBuyers competitors for investors? 40:42 Groundfloor on SeedInvest43:35 Groundfloor's long-term goals47:40 The future of real estate crowdfunding 
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Aug 14th
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