In today’s episode, we look at the current dynamics of the multi-family space with the National Council Chair of Multi-family Properties for SVN and Senior Vice President for SVN - Chicago Commercial Reid Bennett. Reid is a licensed managing broker specializing mainly in selling apartment complexes throughout the Midwest. He also had experience in the condominium conversion industry and brokering deals with buyers and sellers in the large apartment complex market.

Having a deep understanding of the nuances and analysis of multiple-unit apartment dwellings, he sits with us today as we delve into the multi-family property sector. He shares his insights on today’s multi-family market and how buyers and sellers could best deal with it.

Furthermore, he shares how he gets abreast of the latest data concerning the market. So, if you are interested in the multi-family space, tune in and keep yourself in the know.

Key takeaways:

• Reid’s career journey in real estate
• The current landscape of the multi-family market
• Adapting to the increase in fed rates
• The most vulnerable sellers in today’s market
• Buyer strategies for scoring attractive deals
• Prime markets for potential buyers
• Getting up to date with the latest market trends
• The importance of partnering up with people

Resources:

• Yardi Matrix - www.yardimatrix.com/Publications
• Real Capital Analytics - www.msci.com/our-solutions/real-assets/real-capital-analytics

Contact Reid Bennet:

• E-mail: reid.bennett@svn.com
• Phone: +1 (773) 251 7342
• LinkedIn: Reid Bennett, CCIM
• Twitter: @ReidBennettCCIM

Transitioning from the corporate world to the real estate industry represents a bold pursuit of financial independence. In this episode, we explore the inspiring journey of Clive Davis, who traded his corporate career for the dynamic world of real estate in search of new opportunities. Clive's transition signifies a profound mindset and strategy shift, offering exciting prospects for financial self-determination. 

With a background as a corporate transaction lawyer, he later founded Park Royal Capital, a private equity commercial real estate investing firm focused on acquiring and operating multifamily communities. Now he is a full-time investor with a portfolio of over 2500 units! Join us as we uncover how this shift empowers Clive to shape his financial destiny on his own terms.

Key Takeaways:

• From lawyer to real estate investor.
• How Clive educated himself in real estate investing.
• While working in corporate America, how was Clive able to align his visions with real estate?
• Major hurdles that Clive encountered when leaving his corporate life.
• To remain resilient, disciplined, and holding onto your purpose, it requires positive self-talk.
• In order to achieve more, you have to embrace partnerships.
• Acquiring education outside the traditional sense can spark significant changes.
• Your success is not necessarily linked to a company where you are an employee.

Resources:

• Clive Davis on LinkedIn
• Clive Davis on Facebook
• Park Royal Capital’s Website

Did you know you can invest in real estate deals and other alternate investments using your Individual Retirement Account (IRA) with tax-free investment growth? Join us as we discover a way that could help you access funds for your real estate syndication deals. In today’s episode, Joey Eplite joins us as we unravel the gem called self-directed IRA. Joey is a finance student at the University of Central Florida and self-directed IRA at NuView Trust Company.

He has helped hundreds get started with their Self-Directed IRA for real estate investing, lending, and investing in private LLCs. In today’s episode, he talks about everything you need to know about self-directed IRAs. He shares the advantages and processes involved, as well as the rules governing self-directed IRAs.

Key Takeaways:

• What is a self-directed IRA?
• Benefits of a self-directed IRA for syndicators
• How do you convert a traditional IRA to a self-directed one?
• Self-directed IRAs: Where to reach out and how to make it into a deal
• Rules and structures of self-directed IRAs
• Resources and FAQs regarding self-directed IRAs
• The importance of optimism and meditation in success

Resources: 

• IRS Code 4975 - www.irs.gov/pub/irs-drop/rr-06-38.pdf
• Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! by Robert Kiyosaki
• The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz
• Contact Joey Eplite
  • E-mail: jeplite@nuviewira.com
  • Phone: 407-519-9175