Skyline Views

Skyline Views is a podcast for real estate investors, both passive and active. Chris Mills covers v ... more

Latest Episodes

33

January 25, 2021 00:23:04
SV33: New York and Relocation Trends w/ Esther Reizes-Lowenbein

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 the office space sector (6:13) Are there any COVID deals available? (7:25) Changes Esther is seeing in the way new tenants are operating in their office spaces (10:11) Will the shrinking demand for urban location bring city prices down or suburban prices up? (12:40) Different people will have different needs moving out of densely populated areas(14:44) Resources for folks looking to make changes and what to look for in your criteria (17:10)     Resources: Esther’s LinkedIn – https://www.linkedin.com/in/esther-reizes-lowenbein-34992096/   Esther’s Facebook – https://www.facebook.com/Esther-Reizes-Lowenbein-at-EXP-Realty-205433843491193   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 ...

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32

January 18, 2021 00:28:28
SV32: Cincinnati and Office Buildings w/ Brian Adams

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’s optimistic about the office sector going forward (6:24) The effects of the COVID vaccine on office investing and employer sentiment (10:25) The affects of COVID on leasing and tenant turnover (11:39) Generational dynamics and other factors changing views on real estate asset classes and locations (14:25) How Excelsior chooses MSAs and sub-markets to invest in (17:08) Resources for someone looking to pivot to the office asset class, and what to look for in a deal (20:41) Questions to ask when entering into a GP/LP relationship, and what you should expect (23:15)     Resources: Brian’s LinkedIn – https://www.linkedin.com/in/brian-c-adams/   Excelsior Capital – https://www.excelsiorgp.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 ...

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31

January 11, 2021 00:25:21
SV31: Washington State and Mobile Home Parks w/ Gabe Petersen

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) The foray into RV and mobile home parks (11:17) Why would an investor consider investing in mobile home parks (14:16) The headaches related to mobile home park investing (16:28) Washington state investing (18:15) Employment and job growth in Washington state (19:25) Landlord tenant laws in Washington (20:04) The importance of tenant screening (21:00) What’s next for Gabe Petersen? (21:40)   Resources: The Real Estate Investing Club - https://www.therealestateinvestingclub.com/   The Real Estate Investing Club on Apple - https://podcasts.apple.com/us/podcast/the-real-estate-investing-club/id1515039960   The Real Estate Investing Club on YouTube - https://bit.ly/theREIshow   Podio - https://podio.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 ...

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30

December 28, 2020 00:32:33
SV30: Fayetteville and Contrarian Views w/ John Blanton

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 diligence on real estate and business opportunities to ensure top performing risk adjusted returns.     Key Points: What got John on the contrarian path (2:25) Tips on how to be faithful to your full time job, and not cut corners in your investing career (4:16) It’s a lot harder to make money in real estate than people realize (5:28) Teams and systems versus being a lone wolf (7:13) Income diversification, asset allocation, and ideal income levels (10:01) Fayetteville market demographics and projections (14:40) Appreciation concerns and cap rate compression (17:42) Other North Carolina markets John is looking at and why (18:55) Buying businesses, and finding your why (23:10) What’s in store for John outside the “rat race” (26:10)     Resources: Peak Capital Group - https://www.peakcapitalgrp.com/   Contrarian Cashflow Podcast - ...

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29

December 21, 2020 00:33:34
SV29: Advanced Credit Techniques for Investors w/ George Boley Jr.

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 reading economic indicators (5:59) The roles that personal credit and business credit play in real estate investing (7:51) George shares his primary investing rule (9:31) How to build personal credit and how to build business credit (11:45) What is FICO 10, and how does it affect you? (16:35) How to become your own hard money lender (18:32) How George got his first million-dollar line of credit (23:37) Longer term buy and hold possibilities (25:23) How these credit techniques changed the velocity of his business (26:19) What’s next for George? (27:28) #1 on his bucket list (29:23)   Resources: George’s Website – https://georgeboleyjr.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 ...

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28

December 14, 2020 00:22:36
SV28: FIRPTA, 1031 Exchanges, and Foreign Investors w/ Dave Foster

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 investor. He has decades of experience helping investors like you maximize their returns through tax saving strategies.   Key Points: Dave recounts how he got his start (0:43) What is FIRPTA? How does it affect foreign investors? (4:30) Buyer’s liability in buying from non-US Citizens (7:16) 1031 Exchange statute that affects FIRPTA (9:31) How the simultaneous 1031 Exchange benefits foreign investors (11:36) Market that FIRPTA and foreign investment has created in the United States (13:15) Calculations foreign investors need to do ahead of time (15:24) Calculating benefits and fees between principal, profits, and returns (18:24)   Resources: Dave’s Site - https://www.the1031investor.com/ IRS Video on FIRPTA - https://www.irsvideos.gov/Individual/education/FIRPTA   Is your real estate portfolio running like a well-oiled machine? Do ...

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