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Skyline Views is a podcast for real estate investors, both passive and active. Chris Mills covers various markets around the US, talking with experts about their respective specialties and strategies.
May 23, 2021
SV44: Introduction to Deferred Sales Trusts w/ Brett Swarts
What are you going to do if you can no longer do a 1031 Exchange? What are your options? These are questions that are being asked in real estate investing circles all over the country right now. A favorite but lesser-known option for deferring capital gains taxes is the Deferred Sales Trust™. If you are ultra high net worth, or are intending to sell a business, commercial real estate, or anything with a large capital gains liability, you need to know about the Deferred Sales Trust™, and you need to listen to this conversation I had with Brett Swarts, Founder and CEO of Capital Gains Tax Solutions. Brett created Capital Gains Tax Solutions to equip high net worth individuals and their trusted advisors with the Deferred Sales Trust™ tool to help them solve capital gains tax deferral limitations. The first step to a great exit and wealth plan is to sell your highly appreciated assets when the time is right for you. The second step is to defer your capital gains tax, pay off your debt and remove funds from your taxable estate. The last step is to have the funds invested in a diversified portfolio of liquid investments and real estate. The foundation to these 3 steps is timing. Enjoy the episode! Key Points: Brett shares his start in real estate as a broker and how he came across Deferred Sales Trusts (1:01) The “Perfect Storm” forming against real estate investors and baby boomers (4:56) The “Blockbuster” way of doing things versus the “Netflix” way of doing things (8:19) The 3 Secrets of an Optimal Timing Transformational Exit or Wealth Plan (11:57) Step by step through an example deal (14:15) How does the relationship with the funds work once they’re in the trust? (19:14) Brett explains how deferred sales trusts fit into the estate planning process (24:21) Critical information for high-net-worth families (26:49) Options for your interest payments and income tax deferral (29:13) Resources: Capital Gains Tax Solutions – https://capitalgainstaxsolutions.com CGTS YouTube – https://youtube.com/c/capitalgainstaxsolutions Expert Tax Secrets – https://www.experttaxsecrets.com/main41645881 Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Apr 18, 2021
SV43: Boston and Small Multifamily w/ Willie Mandrell
There’s a lot of value in being rooted in the town you’re investing in. You can keep a close eye on things, operate with excellence, and your portfolio will excel as a result. With this kind of base, you can then expand your operations thoughtfully and successfully. This is what today’s guest is doing. Willie J. Mandrell is a self-made multi-millionaire real estate investor, broker, coach, lecturer & author. As a buyer, seller, and broker he's been involved with well over 200 million in real estate transactions. He has been featured in numerous trade magazines and he is a frequent guest on real estate and wealth related podcast, television, & radios shows across the US. Willie is the author of Cash Flow Secrets, a book on real estate investing & finance tips most people are never taught but need to know. We discuss the city of Boston, what makes it tick, and what it looks like to invest successfully in this type of market. Key Points: How and why Willie came into real estate (0:31) How much should you allocate toward real estate and how much should you keep liquid? (4:06) Willie’s favorite asset class (6:55) Willie’s preferred investment, and how he applies the BRRR Strategy (8:02) Willie shares his views on the Boston market and what he sees going forward (9:37) What will it take for Boston rental rates to recover (13:51) What other major employers affect the Boston rental market? (16:31) What’s next for the Mandrell Company? (17:21) Resources: The Mandrell Company YouTube - https://www.youtube.com/wmandrell Cash Flow Secrets: Real Estate, Investing & Wealth Management Principles They Failed To Teach - https://www.amazon.com/Cash-Flow-Secrets-Management-Principles/dp/1734960906 Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 More Skyline Views episodes – http://mrcdmills.com/skyline-views/ Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Apr 11, 2021
SV42: Active Duty Real Estate Investing w/ Anthony Pinto
Military families have unique opportunities, as well as unique challenges, surrounding investing and retirement. Real estate investing while on active duty takes finesse, in addition to raising capital, especially when you’re doing it from the other side of the world. My guest today is Mr. Anthony Pinto. He is the Chief Operations Officer for Mission First Capital and the founder of Pinto Capital Investments. Anthony specializes in investing in commercial real estate and apartment buildings. Specifically, he seeks out and acquire B to C class apartment buildings as value-add acquisitions. Working with experienced syndicators and partners, Anthony continues to acquire larger apartment buildings across the Southeast US, focusing on the Hampton Roads, VA and Georgia markets. Across the Hampton Roads MSA, Anthony has $20M in AUM and controls more than 300 units, all acquired in 2020. Key Points: Anthony shares his start into real estate (1:10) What’s the best way to make the jump from small deals to larger deals? (5:36) Building a team to support your investing career (9:44) Why invest in real estate in 2021? (13:50) Benefits available to military real estate investors (21:01) Resources: Mission First Capital – https://missionfirstcapital.co/ Anthony’s LinkedIn – https://www.linkedin.com/in/anthony-pinto/ What It Takes - https://www.amazon.com/What-Takes-Lessons-Pursuit-Excellence/dp/1501158147/ Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Mar 21, 2021
SV41: Columbus and Multifamily w/ Matthew Drane
If we know each other as real estate investors and I have not introduced you to Matthew Drane, I sincerely apologize. Matt is a great guest for Skyline Views (or for any podcast, for that matter) because he is a highly skilled and seasoned investor. He loves to share knowledge and ideas, and he does so in spades in this episode. Matt is a broker with Marcus & Millichap in Columbus, Ohio, and he’s one of the smartest multifamily real estate investors you could hope to meet. I’m excited to share this episode with you as we discuss Columbus, Ohio, multifamily apartment investing in 2020 vs 2021, and investing for your legacy. Key Points: Matt shares his background and his start in real estate (0:35) Columbus, Ohio market 2020 year recap (1:31) Sentiment among buyers, sellers, and lenders entering into 2021 (4:13) Why invest in Columbus vs other metros? (4:46) Lending trends in stabilized assets and new construction (6:22) Market trends within the multifamily asset class (9:33) Where have all the Class B properties gone? (11:22) Matt and I talk Legacy and personal projects (12:50) Matt’s personal thoughts on where to put capital right now (16:57) Matt shares expert principles for brokers for 2021 (21:40) Resources: Matt’s LinkedIn - https://www.linkedin.com/in/mdrane/ Matt’s Instagram - https://www.instagram.com/mdrane1911/ Schedule a call w/ Matt - https://calendly.com/matthew-drane Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Mar 14, 2021
SV40: Denver and Investor Mindset w/ Steven Pesavento
If you’re listening to this podcast on a regular basis you’re probably an advanced and experienced investor. Skyline Views covers various markets and areas of expertise for folks who invest nationally. However, how often do you revisit your mindset as an investor? Maybe you’re a successful businessperson who invests passively through partnerships all over the country. This episode addresses both the mindset of the investor, as well as what to look for in a partner. We also examine Denver as an MSA and why we like it. My guest is a real estate entrepreneur and host of the Investor Mindset Podcast, Mr. Steven Pesavento. Steven is also Managing Partner of VonFinch Capital. Between VonFinch and the podcast, Steven has interviewed and worked with some of the best investors in the business. He shares with us in this show what makes a great investor, what makes a great partner, and the roles you can play as your real estate investing path progresses. Key Points: Steven explains his start and how he stumbled upon real estate (0:34) What should a new passive investor expect, from their first email to their first check? (2:12) How Steven works with people who are figuring out what they want out of investments (7:12) Steven discusses his favorite asset class, spreading out risk, and predictability (9:20) Denver as an MSA, the numbers, the sweet spot, and the economics (11:32) Due diligence on multifamily syndication sponsors, and the deals themselves (16:52) The Ultimate Passive Investor Playbook (20:33) Resources: The Investor Mindset Podcast - https://www.stevenpesavento.com/podcast/ VonFinch Capital - https://www.vonfinch.com/ The Ultimate Passive Investor Playbook - https://action.theinvestormindset.com/passive-investor-playbook Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Mar 7, 2021
SV39: Charlotte and Alternative Investments w/ Billy Keels
Many of us invest in real estate for the freedom and relative control that it provides. What if you could build a lifestyle that allows you to live wherever you want, invest wherever you want, and experience that freedom on your own terms? My guest this week is doing exactly that. Billy Keels is a fellow problem-solver, international real estate entrepreneur, author, mentor, and host of the Going Long Podcast. Alternative Investments are a great compliment to your overall portfolio. Billy and I discuss some of the opportunities he’s found to compliment his real asset investing. We also discuss the Charlotte, NC MSA and what led Billy to invest there. Key Points: Billy shares his background and how he got into real estate (0:37) How and why Billy selected the Charlotte, NC MSA (5:07) Billy’s top two criteria for choosing a market (9:01) Should you invest where you live, or choose a market strictly on investment criteria? (10:59) If you are considering moving from part-time into full-time real estate, what is the best time to make that move? (14:15) Billy shares his thoughts on what opportunities 2021 will bring and the investment landscape moving forward (15:57) Opportunities in the energy sector for accredited investors (18:24) Why types of underlying assets are in these energy investments? (21:35) Thoughts around ESG investing and voting with your dollars (23:21) How and why Billy got his capital working through ATM machines (24:10) Billy Keels shares his thoughts on what is more important than money (27:22) How to choose complimentary investments to benefit your real estate portfolio (28:43) Resources: Billy’s website - http://billykeels.com/ Billy’s LinkedIn - https://www.linkedin.com/in/billykeels/ Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Feb 28, 2021
SV38: Miami and Creative Commercial Strategies w/ Kristine Flook
Miami real estate is flying off the shelves right now. Asset classes are not only recovering strong from 2020, but Miami as a whole proved a lot more resilient than in past downturns. In a market that is white hot, sometimes it takes creative commercial strategies to get the deal done. In this episode of Skyline views we dive into the numbers of how Miami fared in 2020 and why. If you are interested in Miami real estate investment in 2021, whether it’s in multifamily, retail, luxury SFH, especially on the development side, this episode is for you. My guest today is Kristine Flook of Urbanize properties, a boutique South Florida brokerage team. She represents buyers and sellers of multifamily and commercial properties. Kristine will source cash flowing properties for investors through networking, hustle, and proven investment skills. In this episode, we also discuss opportunities surrounding dark properties, off-market properties, and how important it is to know the right people. Key Points: Kristine explains how she got her start (0:31) Kristine and I discuss the numbers and how Miami fared in 2020 (1:44) Drivers behind different asset classes in Miami (3:33) Tax benefits behind being a Florida resident (5:18) Little know nuggets about Miami neighborhoods (6:03) Dark property conversions (9:01) Finding off-market properties (10:45) Coming opportunities and opportunistic areas in Miami in 2021 (11:55) What should investors be looking for when they’re looking online at Miami? (13:30) Resources that Kristine uses to stay on top of things (15:12) Kristine shares what she does in her free time (15:55) Resources: Kristine’s LinkedIn – https://www.linkedin.com/in/kristineflook/ Urbanize Properties – https://urbanizeproperties.com/ Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Feb 22, 2021
SV37: Ottawa and SFH Investing w/ Nick Kyte
Why would you pull your capital and deploy it in a different country? Why Ottawa? Canada, our neighbors to the north, have a lot of opportunities presenting themselves in 2021. My guest this week is Nick Kyte of Coldwell Banker First Ottawa Realty. We discuss the Canada markets, the differences in the process, short term rentals, and second/retirement homes. Nick is a great resource for anyone looking into the possibility of investing in Ottawa or Canada. Key Points: Nick’s background (0:40) Canada as a safe haven, and the 3 major centers of influence (1:37) What’s unique about luxury real estate in Canada? (4:55) Nick explains the differences in the process for foreign investors (6:25) There are some differences in the process between purchasing in the US and purchasing in Canada (8:29) Commercial purchases in Ottawa (10:43) Short term rental market update (11:39) Are secondary properties more risk or more opportunity? (12:59) Landlord tenant laws in Canada (15:36) Resources for researching investing in Canadian markets (17:39) How Canadians stand out (23:02) Resources: Nick’s website - https://nickkyte.com/main Nick’s LinkedIn - https://www.linkedin.com/in/nickjkyte/ Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Feb 16, 2021
SV36: Advanced 1031 Exchange Techniques w/ Dave Foster
Savvy investors use 1031 Exchanges on a regular basis as a part of their overall investment strategy. A bit more complex are techniques like Construction Exchanges and Reverse Exchanges. The way these advanced 1031 Exchange techniques can play in and be taken advantage of will definitely take your investing game to another level. Today’s guest shares invaluable insights into these Exchanges, their history, and the role they play in your investment tool belt. Knowing how and when to employ the advanced 1031 Exchange techniques we discuss in this episode is key, and Dave Foster returns to Skyline Views to explain all that to you. My guest Dave Foster is a degreed accountant, Qualified Intermediary, and serial real estate investor. He has decades of experience helping investors like you maximize their returns through tax saving strategies. If you read Legacy 101 and are implementing your Century Plan, those strategies will be key to your success. Key Points: Dave explains his background and interest in real estate (0:45) The history of the 1031 Exchange (2:00) The origin of the timeline of the 1031 Exchange (4:52) A reverse exchange, how it came about and how it works (7:44) What issues come up in the Construction 1031 Exchange as a result of hang ups in the construction process? (16:49) Construction management agreements in the Construction Exchange (19:55) Safe Harbor for 1031 Exchanges (20:50) A reliable backup in case your construction process falls short (23:03) Dave explains what he’s seeing in the market (25:20) Retirement strategies involving 1031 Exchanges (27:28) Dave’s thoughts on 2021 (32:05) Factoring in the cost of money (35:30) Resources: The 1031 Investor Educational Resources - https://www.the1031investor.com/ Whatever Happened to Penny Candy? – https://www.amazon.com/Whatever-Happened-Explanation-Economics-Investments-dp-0942617649/dp/0942617649/ What’s a DST? – http://whatsadst.com/ Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Feb 9, 2021
SV35: Tribe Investing w/ Travis Smith
Pooling capital is a long-standing way of making your money go further in investing. However, it’s not as simple as it sounds. There are a lot of things that you should be aware of going into a partnership. There are also a lot of logistics regarding making it work smoothly. My guest today founded Tribevest after an unfortunate experience trying to get into real estate with his brothers. Now he is on a mission to help others avoid the same pain. Travis Smith is leading Tribevest to solve the financial collaboration problem and evolve as his customers’ needs do. We talk partnerships, structure, and the other ins and outs of tribe investing. Key Points: Travis relays his background (0:54) The math and philosophy behind the benefits of pooling capital (2:58) How tribe investing spreads risk and allows you take advantage of more opportunities (4:42) What is the average and ideal tribe? (6:07) How do you know if your prospective team members would make a good tribe or not? (8:35) What kind of investments work best with tribe investing? (12:43) Real estate as part of your overall portfolio (15:02) Knowing when and how to dissolve your tribe (17:40) Best practices regarding dissolving partnerships (20:17) Resources: Tibevest - https://www.tribevest.com/ Is your real estate portfolio running like a well-oiled machine? Do you know how you stack up? Find helpful resources here – http://mrcdmills.com/resources/ Learn more about The Haney Company here – https://www.thehaneycompany.com/ Know any new parents? Order them a copy of Legacy 101 here – https://www.amazon.com/Legacy-101-Practical-Christopher-Mills/dp/0692684050 Subscribe on Spotify, Apple, Google, Stitcher, iHeart.
Jan 31, 2021
SV34: Passive Syndication Investing w/ Lane Kawaoka
This week’s guest is an engineer turned real estate investor. Lane Kawaoka is now living the dream in Hawaii, and doing what he loves thanks in part to the passive portfolio he’s been able to build over the years. He sits down with me for this episode of Skyline Views to discuss his investing strategy, analyzing deals, and analyzing markets. Key Points: How Lane got his start in real estate (0:22) The first and sometimes biggest stumbling block for investors (1:07) The role of the 1% rule (2:14) What KPI does Lane take into account when first considering a new MSA? (3:01) Safety in how you buy and how you run your numbers up front (6:23) Lane’s systems for organization and management (8:48) Emergency fund 2.0 (10:42) What attracts Lane to a syndication deal (13:47) How is Lane structuring his portfolio these days (15:14) The new asset class Lane is looking at in 2021 (17:52) What markets is Lane looking at in 2021? (20:18) Resources: Lane’s Website - h…
Jan 25, 2021
SV33: New York and Relocation Trends w/ Esther Reizes-Lowenbein
One silver lining from the COVID pandemic is that both families and companies were forced to explore new ways to innovate and become far more efficient than they have in the past. Unimportant meetings became the emails they should have been in the first place. Commutes went away for most of the US. Eventually, after a couple quarters of this, companies all over the country last year were taking a good long look at all the overhead that they were getting along just fine without, but was once deemed critical expenses. My guest today examines the current migration of families and companies out of New York City. We discuss what’s behind it, what it looks like, and what’s ahead. Esther Reizes-Lowenbein is a real estate expert in the New York area, but also operates in commercial investment real estate nationally. Key Points: How Esther got her start (0:32) The joy and benefits of learning (2:57) Who is moving out of New York City and where are they going? (4:36) Changes in…
Jan 17, 2021
SV32: Cincinnati and Office Buildings w/ Brian Adams
For those who are in the know, Cincinatti is a very exciting market for certain real estate asset classes. This week’s guest gives his views on the Cincinatti MSA, as well as very helpful insights into the office asset class and how the pandemic of last year has changed things going forward. We talk numbers, market dynamics, and best practices around real estate sponsors. My guest is the President and founder of Excelsior Capital, where he spearheads the investor relations and capital markets arms of the firm. Brian C. Adams has 10 years of experience in real estate private equity. Prior to forming Excelsior Capital, Brian co-founded Priam Properties (an institutional real estate private equity sponsor) in 2010 and provided leadership and direction for the firm in connection with capital markets, investment management and investor relations. Key Points: Brian explains his start and his background (0:39) Why office buildings as an asset class? (3:01) Brian explains why he…
Jan 10, 2021
SV31: Washington State and Mobile Home Parks w/ Gabe Petersen
Our guest today is real estate entrepreneur Gabe Petersen. Gabe is host of the podcast and YouTube show, the Real Estate Investing Club. In this episode, we talk about how he got into real estate, and more importantly, why he chose the niche he did. If you have ever wondered about investing in mobile home parks and why investors choose this asset class, look no further. You’ll get a lot out of this episode, and Gabe’s website has a lot of good resources should you continue to be interested and want to learn more. Additionally, Gabe shares his experience investing in Washington State. The upper Northwest has economic dynamics unique unto itself. Gabe and I touch on those dynamics, examine where Washington is on the bell curve, and discuss what Gabe is doing about it. Key Points: Gabe explains his start in real estate and motivation for getting out of the rat race (0:51) Business ventures leading up to real estate (3:15) Honing acquisition and marketing systems (8:10) T…
Dec 27, 2020
SV30: Fayetteville and Contrarian Views w/ John Blanton
If you’ve spoken with me for any length of time, you probably know my views on retirement. The traditional view on retirement hasn’t ever sat well with me, and my views are sometimes seen as contrarian. Imagine my intrigue when I met John Blanton as he was launching his podcast, Contrarian Cashflow. In this episode, John and I discuss Fayetteville, NC, as well as other markets in North Carolina that he has his eye on. We also discuss the need for diverse, reliable streams of income and the right way to build them to provide for your future income needs. John has been investing for over 7 years. A successful sales executive with over 10 years of experience supporting enterprise technology clientele. He has had many successful investment exits and continues to grow his holdings within the multifamily/ commercial space. He has a passion for gaining financial independence and helping others get there through investment cashflow. His mission is to help others perform thorough due d…
Dec 20, 2020
SV29: Advanced Credit Techniques for Investors w/ George Boley Jr.
You don’t have to be a seasoned veteran in real estate to know that credit plays a large role in the game. Whether you are a buy and hold investor, a fix and flip investor, or something else, credit comes into play. The sooner you start paying attention to your credit, the better. My guest George Boley Jr. is a long-time real estate investor, entrepreneur, and lifelong martial artist. He’s also co-host of the podcast Real Talk with George & Frazier. He used good old-fashioned grit and determination to build his portfolio, but then learned advanced credit techniques that took his investing to the next level. You may want to take notes during this episode (unless you’re driving), because George shares a lot of very key information as he shares his story. How could these advanced credit techniques apply to your investing and allow you to scale? Key Points: George’s background and what got him interested in passive income (0:48) The importance of learning your market and rea…
Dec 13, 2020
SV28: FIRPTA, 1031 Exchanges, and Foreign Investors w/ Dave Foster
There are a lot of benefits available to real estate investors, both foreign and domestic, through the 1031 Exchange. The ability to defer all taxes in real estate transactions is a gift from the IRS. What happens when one party in the transaction is a not a US Citizen? How does that affect the transaction? How does that affect the 1031 Exchange? The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) states that if you purchase real estate from a non-US Citizen, or “foreign person”, you as the buyer are required to withhold 10% of the amount realized from the sale. In this episode of Skyline Views, I sit down with a seasoned and highly educated Qualified Intermediary to discuss FIRPTA and its relationship with 1031 Exchanges. What should you be aware of as a US Citizen buying from a foreign investor? What should you as a foreign investor be aware of planning out your investment strategy in the US? My guest Dave Foster is a degreed accountant, QI, and serial real estate…
Dec 7, 2020
SV27: Tips and Views on Scaling w/ Yonah Weiss
Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving tens of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the new podcast Weiss Advice. In this episode of Skyline Views, Yonah and I talk about cost segregation, best practices, and tax strategies for scaling your investment business and taking it to the next level. Yonah’s background (0:42) Cost Segregation basics (1:33) Best practices entering into a large investment (2:50) The role picking your market plays (4:28) Markets that Yonah likes right now (6:43) Changes in tax strategy as you grow and scale (8:08) Scoping out the tax savings landscape during due diligence (13:02) Questions to ask your specialist team members going into an investment (14:35) Transparency in a deal…
Nov 29, 2020
SV26: Retiring Early with Short-Term Rentals w/ Bryce Stclair
We all would love to retire before the gray hair starts showing up. As you probably know, there’s no one path to retirement. Everyone’s plan is going to look different based on our various backgrounds, skillsets, experience, income levels, risk tolerance, familial status, lifestyle, ancillary goals, and the list goes on. I have always believed building streams of income is a far superior philosophy to building up a savings nest egg and hoping you don’t outlive it. In this episode of Skyline Views, Army veteran Bryce Stclair shares his story of how he strategized and executed his plan to dive into real estate and create financial independence as efficiently and effectively as possible. He’s based in Tennessee, and gives helpful insights on what it’s like investing in those markets. There are a lot of good tips and insights in his story that we all can learn from. Key Points: Bryce recalls his first deal (0:37) His plan starting out (2:02) Co-hosting Air BnB, and diffe…
Nov 22, 2020
SV25: Investing as a Couple Effectively
Investing together as a couple can either be heaven or hell. Each of you have your strengths and weaknesses. Combined, your strengths can cover each other’s weaknesses and make you a power couple, or your weaknesses can cause division and brood resentment. Investing effectively as a couple takes work, but in the end the results can be powerful. My guest today brings a lot of experience and practical wisdom to the table to equip you to create maximum efficiency to your relationship when it comes to finances and real estate investing. Adam Kol helps couples make sure that the money conversation doesn't get in the way, leading to more stability, partnership & peace of mind. He’s a certified mediator, former tax attorney, and currently serves as a Couples Financial Counselor. He’s also host of the Equal Partners Podcast. Our conversation in this episode is very valuable for couples who embark on active real estate investing, or are deciding how to plot their financial path into the…
Nov 15, 2020
SV24: Holding Companies and Entity Management w/ Neil Greenbaum
My guest for this episode has been an attorney for over 25 years. During that time, he has worked for an international bank, traditional law firms and private business. In addition to practicing law, Neil Greenbaum has started a number of businesses, developed commercial real estate, and, during the original dot-com boom, co-founded an online financial administration platform that still thrives today, some 20 years later. Neil and I discuss holding companies and management companies, two cardinal components of the active investor’s operation. He shares tips and insights that are key to running your business like a well-oiled machine. Key Points: Neil’s background (1:31) How should you set up going into a multifamily investment? (3:16) When should you begin thinking about your entities? (4:49) Is an LLC the best structure? (5:58) Best practices to avoid piercing the corporate veil? (6:35) Other ways to guard against liability (8:45) Management company best practic…
Oct 11, 2020
SV23: Upstate NY and Long-Distance Investing w/ Cindy Byler
Cindy Byler is a military Army spouse of 7 years to her high school sweetheart, Jonas. After their first change of duty station, she found herself needing to put her career as a music teacher on hold to move three times in three years. During that season of not working, she grew bitter toward the lifestyle- she had much value to add but felt unable. Through much reflection and improvements in personal finances, Cindy realized the best “job security” for their military lifestyle was through passive income- ultimately utilizing real estate to achieve passive income. As a buy and hold real estate investor, Cindy primarily invests in her hometown-area in Elmira, NY. She has been a landlord for 5 years. In the past 1.5 years, she has acquired a total of 4 properties and 11 doors. Every unit has gone through, or is going through, extensive remodeling. To make things more interesting, she currently lives in Central Texas where her husband is stationed at Fort Hood so all acquisitions…
Sep 13, 2020
SV22: Tax Savings through Cost Segregation w/ Mark Gross
Most of us want to pay Uncle Sam as little as we can legally and ethically get away with every year. Fortunately for us, there are a number of tools we have in our bag as real estate investors to whittle down our bill. Cost segregation is one of those tools. My guest today is Mark Gross of Cost Segregations Services Incorporated. We discuss the basics of cost segregation studies, how they benefit investors, and how you may be able to take advantage. Key Points: Cost segregation vs straight line depreciation (0:54) Partial Asset Dispositions (4:36) Tangible Property Regulations (5:49) Changes from the CARES Act that affect prior tax returns (8:29) The cost of cost segregation studies (10:29) Cost segregation for passive investors versus active investors (12:38) What does the process look like, from engagement to tax benefit? (14:07) Bonus depreciation for new owners (17:38) Residual benefits for long-time owners (19:25) Who cost segregation studies don’t work for (21:49…
Aug 30, 2020
SV21: Texas and International Investing w/ Ofer Shahar
My guest has been investing in real estate for the last 30 years in the Middle East, Europe, and in the US. In this episode of Skyline Views Ofer Shahar, Founder and President of New Dawn Investments sat down with me to discuss his favorite markets in the United States, and the nuances of investing overseas. We discuss the very popular state of Texas, the markets therein, and his unique investing model that he’s recently adopted after three decades of investment experience. Key Points: What he looks for in trusted partners (1:39) Quality of service in small banks and big banks (3:32) How to best position yourself to start investing passively (4:45) Key differences in various Texas markets (6:41) The two markets in Texas he’s most optimistic about (10:30) Investor behavior 5 years ago versus today (12:34) US returns versus overseas returns (17:02) Resources: New Dawn Investments – https://www.newdawninvestments.com/ New Dawn Investments on Facebook - https://www…
Aug 23, 2020
SV20: Canadian Views on US Real Estate w/ August Biniaz and Ava Benesocky
What do you do when it no longer makes sense to invest in your own back yard? Do you go passive? Do you try to stay active in a different state? In a different country? August and Ava of Canadian Passive Investing help Canadian investors explore US markets to capitalize on higher potential returns and an investor-friendly environment. Key Points: Nuances for international investors investing in the US (2:28) US Markets that are most attractive now (3:37) Why Canadian investors are looking at the US (5:34) Why Texas? (8:10) Co-Syndication, and teams across the US (10:06) Management and investment criteria (12:02) Changes since COVID (16:33) Preferred asset types, value-add (18:30) Advice for someone considering being a passive investor (21:49) Exempt Market Dealers and Investor Originators (24:21) Resources: Canadian Passive Investing - http://canadianpassiveinvesting.com/ Best Ever Apartment Syndication Book - https://www.amazon.com/Best-Ever-Apartment-Syndication…