From Police Officer to Full-Time Real Estate Investor
Play • 41 min

Guest: Adrian Pannozzo, Real Estate Investor

This week’s podcast guest is Adrian Pannozzo was a police officer until 2017. He’s involved in 54 multi-family properties with over 207 doors in Joint Ventures. Adrian shared with Sarah how to quickly scale by raising capital and partnering with the right people.

In this episode, you will learn about: 

  •  Joint Ventures
  • Transitioning from a job to being a full-time investor
  • 40+ BRRRRs so far
  • How to build generational wealth
  • Raising capital
  • The importance of extracting as much money as possible
  • Tax planning… how to exit the 9-5 the smart way

Get in touch with Adrian:
Instagram: @adrianpannozzo
Facebook: @adrianpannozzo
Website: https://www.investwithepc.com/our-work

This episode has been brought to you in part by;

Dylan Suitor of Elevation Realty http://www.elevationrealty.ca/

White Elm Design Build https://www.whiteelmdesignbuild.com/

Complete Properties Inc https://www.completepropertiesinc.com/

Apartment Building Investing with Michael Blank Podcast
Apartment Building Investing with Michael Blank Podcast
Michael Blank
MB 244: A Hands-On Approach to Asset Management – With Daniel Simpson
In real estate school, they teach you that the money is made when you buy. But that just isn’t true for apartment buildings. Yes, you have to buy right. But in the multifamily space, the money is made in the execution of your plan to increase revenue and reduce expenses. And the asset manager is responsible for making sure that happens. Daniel Simpson serves as Asset Manager at Nighthawk Equity, the investing arm of The Michael Blank organization. He has nearly 30 years of experience in multifamily, residential and commercial property management, developing an expertise in strategic business forecasting, budget allocation, complex data analysis and property financials. Daniel has an impressive track record of acquiring, renovating and repositioning C-class value-add properties in as little as 18 months. On this episode of Apartment Building Investing, Daniel joins me to share his hands-on approach to asset management, describing what he does on his monthly site visits and how he helps property managers optimize revenue and reduce expenses. He walks us through the metrics he uses to identify property management issues and explains why all problems come down to people. Listen in for Daniel’s insight on the limited role property managers should play in construction projects and learn when you should consider hiring a full-time asset manager! Key Takeaways Daniel’s insight on the fundamentals of asset management * Ensure investors’ goals met, returns on target * Provide guidance to property managers How often Daniel meets with property managers * Speak with regional manager once/week minimum * Unannounced visit to site managers once/month When to take a hands-on approach with property managers * High turnover rate * Higher than normal vacancy rate * Lack of success in leasing units * Collection issues * Move-outs not entered timely Daniel’s take on why all problems come down to people * Tenants rent from STAFF vs. apartment itself * Asset manager’s job = find breakdown in system What metrics Daniel watches closely as an asset manager * Consistency in NOI * Occupancy (physical and economic) * Delinquency * Live PNL * Closing ratio How to identify problems with property management * Look at comps and communicate that with staff * Secret shops to evaluate leasing staff’s performance Daniel’s process for optimizing a multifamily business * Start with maximizing revenue (add $5 to $10/unit) * Minimize expenses next, reevaluate contracts How Daniel thinks about managing expenses * Ask questions about potential overspending * Audit line items to keep property managers honest What Daniel does on his monthly site visits to a property * Walk vacant units, talk with property manager * Visit with leasing agents and maintenance staff * Verify that move-in files match what’s in system Why property managers should not handle construction * Distraction from filling units and collecting rent * Better to hire GC or specialist (local or in-house) The role a property manager should play in construction * Go to early meetings, input on scope and timeline * Hand GC keys needed to carry out project What an average syndicator can do if they can’t afford a GC * Use construction manager (part of management co) * Build 5% in budget for specialist to oversee project When it’s time to hire an asset manager for your business * Depends on skill set of investors in joint venture * As soon as you can afford it Connect with Daniel Simpson Nighthawk Equity Email daniel@nighthawkequity.com Resources Learn More About Michael’s Mentoring Program Join the Nighthawk Equity Investor Club CLASS Leasing Podcast Show Notes Michael’s Website Michael on Facebook Michael on Instagram Michael on YouTube Apartment Investor Network Facebook Group
44 min
Real Estate & Financial Independence Podcast
Real Estate & Financial Independence Podcast
Chad Coach Carson
#154: Career Capital - Financial Independence Isn't the Only Way to Get Personal Freedom & Autonomy
Episode #154 - Learn how to get more autonomy & freedom before you even reach financial independence using something called career capital. Companion article: https://www.coachcarson.com/career-capital/ __________ 🏘️REAL ESTATE IN YOUR RETIREMENT ACCOUNT? This is a strategy I've used successfully for years, but you've got to make sure you have a custodian that specializes in this type of investment. I personally use and highly recommend my friends at American IRA. You can watch a short video, get an information guide, or set-up a free consultation at https://coachcarson.com/americanIRA __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson
29 min
Wealth Labs with Garrett Gunderson
Wealth Labs with Garrett Gunderson
Garrett Gunderson
160. Paying off your mortgage early - Answering Your Questions / Ask The Money Nerds
Do you have a financial question you'd like one of our Money Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode! In this episode of Ask the Money Nerds, Garrett and Amanda respond to YOUR comments from a previous video about paying off your mortgage. People are FIRED up about mortgages! Should you pay them off? And if you don't are you making the right choice? Today's Ask the Money Nerds episode is going to be a little different as we look at some of the comments from an older video where I talked about how paying off your mortgage early can destroy your finances. You can find the video where the comments came from here: https://youtu.be/8UQmqi9zj4w Compound Interest Video: https://www.youtube.com/watch?v=M6MG9cbgh6c&t=202s *** If you enjoy the podcast, consider leaving a short review on Apple Podcasts/iTunes for us. It takes less than 60 seconds, and it really makes a difference. I also love reading the reviews! Check Out Garrett's Books: Killing Sacred Cows - https://amzn.to/2lMbX1i What Would Billionaires Do - https://wlth.co/yt-garretts-billionaire-book Connect with Garrett: Facebook: https://www.facebook.com/garrettbgunderson Twitter: https://twitter.com/GBGunderson Instagram: https://www.instagram.com/garrettbgunderson LinkedIn: https://www.linkedin.com/in/garrett-gunderson-651359b3/ Website: https://wealthfactory.com/
38 min
The Remote Real Estate Investor
The Remote Real Estate Investor
Roofstock
Considering A Private Loan? Here's A Crash Course On Private Lending
In this episode, Nate Trunfio shares a wealth of information on the domain of private lending. Find Nate at https://limaone.com/nate/ --- Transcript Tom: Greetings, and welcome to The Remote Real Estate Investor. On this episode, we have Nate Trunfio of Lima One Capital. This episode, we're going to cover a lot of materials focusing specifically on portfolio loans. All right, let's do it. Awesome. And welcome to the podcast Nate. Thanks for jumping on. Nate: Hey, thank you guys for having me. honored to be here. Tom: All right, so before we get into the main content, let's start with a little bit about your background. Nate: Sure, yeah, I'll try not to bore too many people here. My career in life has been spent in all things real estate related, and specifically financial services and lending, younger ish type of guy. So graduated college in the mid 2000s, and got right into the residential mortgage lending world sort of conquered a lot of that through becoming a top sales producer, than stepping into the management came very early on. So some great learning lessons as a leader and manager, 24 years old, managing people twice plus my age, and then really just continued on that path through just growing and climbing the ladder. The residential lending space serves a huge need, but it's a lot of red tape and a slower sales cycle than what I was looking for. So I jumped out of residential lending into alternative b2b, ran to different private debt funds there that led to another big need of small businesses in dire need of capital, especially today in this COVID world. And then I found my happy home and private lending over the last four years was the president of a smaller company, prior to now being at Lima One where I run all the sales and marketing and throw my hat in the ring of just a lot of other areas just to help the business grow. And my sort of inner inner driving question is always How can I make myself others people process and things better around me, and that's what just keeps me ticking every day and has led me throughout the journeys and stops in my career. Michael: I feel like we're about to interview a Swiss Army Knife of residential real estate investing, this is gonna be super exciting. Tom: So when you started, was it more in like traditional residential lending versus private capital? Nate: Exactly, yeah. So learn through the red tape and all the rigmarole but you know, it's important in that world to be very knowledgeable and all the nuances if you want to be successful. But yeah, so when I was getting into financial services, it was very much a refi. Boom. So it was mainly focused on refinances to homeowners predominantly their primary residences, certainly to del purchase as well, with that got me you know, introduced to financing and real estate in general. Michael: Were you involved in that space during the 08-09 housing crisis, Or did you exit prior to then? Nate: That's when I got it right around there. So it was a great welcoming to all things, real estate, Michael: And you still managed to become a Top Producing salesperson during that time? Nate: Yeah, man, look, I certainly don't have the looks for those on video. I'm not, I'm not the smartest guy in the room. But my nack is I just I grind. I work hard. You know, I think that's the lesson to anybody younger in their career. You know, you don't have to have all the skills, knowledge and experience to be a top producer and anything. You just have to work your tail off. Michael: Yeah, that's great advice. Tom: That's fantastic. So let's learn a little bit about more about Lima one right now. So I've been to several conferences and somewhat familiar but for audience who have not heard of Lima, one capital? Nate: Yeah, absolutely. So Lima, one capital is a premier private lender in the top three to five in the nation, we lend in 46 different states, our sole purpose and mission is to provide financing solutions for real estate investors, because we know that the residential realm just doesn't suit investors who need to move quickly. They need different products than you know, traditional financing. And so that's exactly what we provide. So we lend on all things related to different real estate investment strategies. It's fix and flip new construction, single family rentals on a single asset level as well as large portfolios. And then last but not least also multifamily. You consider us to be a private lender, most people will call it hard money. although in reality, I'd liken it to a lot more soft money. It's not hard money like it used to be. It's become somewhat institutionalized. And at least by that I mean that Wall Street has has an appetite for it, which is allowed us to drive down the cost of capital in terms that we provide out to investors. So you know, we are a very big player in the space and again, we help numerous different types of real estate investors, whether it's their first deal, they do 100 deals a year, they buy, you know, 200 unit multifamily complexes to five unit complexes. I mean, no matter what shape and size you are, no matter what your investing strategy is we should have a financing solution for you. Michael: Awesome. is one of the 46 states Alaska or is that on the no go list? Nate: That is on the no go list, if I recollect. Tom: Contiguous. Michael, you gotta be contiguous. Michael: I know. I know. Nate: We're in Hawaii though. Michael: Oh, yeah? Oh, man. All right. Let me know when you guys are up in Alaska. Nate: Will do yeah, Michael: I'll be your first client! Nate: We'll fix and flip some igloos. Tom: I think you kind of answered my next question I was going to get into is the customer profile that you guys serve. So but it sounds like all over the board from individuals to funds, if you guys have like predominantly like more in one area are really pretty spread all over the place. Nate: Yeah, I mean, we're pretty diverse. Our core client is somebody that sort of graduated to real estate investing full time. But it's not to say that we don't finance a lot of people that are doing it is sort of a second job or supplemental income or creating additional cash flow on top of their W2 jobs, you know, our products in a process or they're designed to move quick, without a ton of paperwork, we don't collect tax returns on any of the products that we have, just to put that in perspective. And certainly, that's a mainstay in residential lending. So we look at things a little bit differently. And we're customized to make sure that we can provide investors with what they need from a product perspective, but just as importantly, a process as well. Tom: How about if I'm buying through a self directed IRA, and with that type of a product? I can't get traditional lending, because I'm buying it with LLC? Do you guys do a lot of work with that type of customer? Nate: The short answer is yes. The lending to somebody who's purchasing through an IRA can be a little convoluted we, we absolutely have solution for it. But yeah, I mean, that that's definitely one of the corners of our customer segments that we service, most of the time you find people with that sort of investing strategy to be, you know, have a W2 job or retire from their W2 job in our investing is, you know, for long term cash flow purposes. So we absolutely service that as well, as you know, people that are using combination of that strategy of IRA, verse raising their own private money for their own equity, among many other different types of categories of our customer profile. Michael: You mentioned that you guys are private capital lenders, but also been classified as hard money. What would you say is the difference between the two? Because people are categorizing number one, as both? You know, should somebody go Google private money? Or should they go Google hard money? How do people know where to go look for those types of d…
42 min
Real Estate Investing for Cash Flow with Kevin Bupp
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
#311 Commercial Real Estate, Retail, and So Much More! -with Jay Several
Jay Several is a real estate investor and developer. Jay is the Principal of Several Properties Group, a Cherry Hill, NJ-based developer and asset manager of value-add retail properties. Several Properties develops and manages properties in Pennsylvania, New Jersey, and New York. Jay is involved in every aspect of the development process for each property including location logistics and metrics, acquisition, financing, entitlement, leasing, construction, tenant fit-out, and asset management. Since 2007 Mr. Several has been totally responsible for creatively re-developed vacant, obsolete, and abandoned properties into vibrant retail assets valued at over $ 40.0 million. Quotes: “Everything is about relationships. You can feel like you know what you’re doing, but to be able to confirm that, you have to have lots of friends in the industry. People that know you, they know what you can do. And when they have something, they will come to you.” “Listen, watch, and do as much homework as possible. Start small and think big. If you have a lot to lose, put it on the line.” Highlights: 3:38- Jay tells us about his background, how he got into real estate, and what he does 6:13- Jay talks about what point he made the transition from family housing to commercial projects 11:56- Jay shares how he knows he has found a strong candidate 17:30- Jay tells what his typical business model looks like 21:06- Jay gives his opinion on if new opportunities will arise from the pandemic Guest Website: https://www.severalpropertiesgroup.com/ Learn About Investment and Partnership Opportunities with Kevin and His Team
41 min
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