Know your why Podcast Jason Balara

In this enlightening episode, we dive into the evolving market of flex industrial spaces with the expert guidance of Cody Payne, Senior Vice President at Colliers, Texas.
Discover how these multifunctional properties are reshaping the commercial real estate landscape by offering a hybrid solution that blends industrial and office space. Cody unpacks the reasons behind the rising popularity of small bay flex spaces and their significance in a post-COVID economy.
With a focus on adaptability, cost-effectiveness, and regional customization, this episode is a gold mine for investors, developers, and business owners looking to understand the nuances of flex space investments and their growing appeal across diverse tenant demographics.
 
Key Takeaways:
- The Evolution of Flex Spaces: Flex industrial properties have been on the rise since 2018, providing a cost-effective and versatile solution for businesses. Their growth has been particularly strong post-COVID, attracting a variety of tenants from different sectors due to their flexibility and lower costs.
- Regional Preferences: Tenant space size and amenities can differ greatly from one region to another. It's crucial to understand local demands to ensure successful leasing and development strategies. For example, adding storage yards or aesthetic improvements can make properties more appealing to local businesses.
- Investment Opportunities: Flex spaces are a compelling investment, even in challenging markets like California. They cater to a diverse range of businesses and can offer creative solutions, such as commercial kitchens for delivery services, highlighting their adaptability in various economic landscapes.
- Market Dynamics:Managing flex industrial properties can be easier than other real estate investments due to factors like lower tenant turnover and minimal maintenance requirements. Cody compares the trajectory of flex spaces to the historical rise of self-storage and mobile home parks, which transitioned from mom-and-pop ownership to institutional investment.
- Navigating Challenges: Understanding what drives rent and tenancy in the flex space market is crucial to avoid risks of overbuilding. Investors are encouraged to consult with specialists who understand the intricacies of this asset class.
 
Get in touch with Cody:
https:/linkedin.com/in/codypayne/
https://flexbusinessparks.com
@txofficeindustrial
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

Welcome to our latest episode where we dive into the remarkable journey of David Lilley, a former Marine Corps member and firefighter who pivoted his career to become a real estate investment expert. With 300 active investments and an impressive growth trajectory, David's story offers a wealth of insights for anyone looking to enter or scale their own real estate ventures.
 
Episode Highlights:
- David's Background: Learn about David's transition from military service and firefighting to launching his career in real estate investing, starting with single-family rentals and moving up to multifamily properties.
- Scaling a Real Estate Business:Discover the strategies David employed to scale his business, including leveraging creative financing, building a network for equity, and managing properties from afar.
- Financial Fundamentals: Understand the importance of liquidity and cash flow in the real estate business and how quick exits can fuel growth.
- Risk and Reward in Real Estate Investing: Gain insight into the differences between active and passive investing and what it takes to handle the risks and work involved in property management.
- Hiring and Team Building: Get tips on hiring practices that prioritize character and learn about adapting to market dynamics and managing a balanced portfolio.
 
Get in touch with David:
www.eapcap.com
https://www.linkedin.com/in/dblilley/ https://www.instagram.com/reapcapital/
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

In this episode, Dr. Jason Balara sits down with tax strategist and real estate investor Thomas Castelli to unravel the intricacies of tax planning in real estate investment. They discuss the benefits of extending tax returns, passive loss banking, and laddering strategies for investors.
Thomas also highlights how real estate professional status can significantly impact tax benefits for couples and explains the effect of local regulations on short-term rentals. The conversation is rounded out with personal reflections on the motivations behind pursuing real estate investment and the drive to build generational wealth.
 
Key Takeaways:
1. Extending Tax Returns: Real estate investors should anticipate extending their tax returns due to delays in K-1 distribution, which is common in real estate syndication.
2. Passive Loss Banking: Investors can accumulate losses to offset future passive income. These losses can be carried forward and used strategically over time to optimize tax benefits.
3. Real Estate Professional Status: When one spouse qualifies as a real estate professional, couples can leverage this status to offset passive rental losses against active income, providing a significant tax advantage.
4. Local Regulations Impact: Investors must be aware of the changing local regulations on short-term rentals as they can influence the profitability and tax benefits of such investments.
5. Motivations for Investing: Understanding one's personal "why" is crucial for success in real estate and any entrepreneurial venture. Dr. Balara shares his motivation to build generational wealth and encourage others to do the same.
6. Fitness and Health: A healthy lifestyle is vital for maintaining the energy required for entrepreneurial success, emphasizing the need for balance in the pursuit of financial goals.
7. Community Engagement: The episode concludes with an invitation for listeners to engage with the podcast, highlighting the diversity of professionals featured and the insights they offer on the path to success.
 
Connect with Thomas:
www.thomascastelli.com/taxsmart
@thomascastellicpa (Instagram)
@thomascastelli_ (Twitter/X)
https://www.linkedin.com/in/thomascastelli/
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

Welcome to another episode of the Know Your Why Podcast! This week, we're joined by Marc Weisi, a multifamily real estate expert whose journey from Wall Street to property mogul is both inspiring and educational. If you're interested in building wealth through real estate, this episode is packed with actionable advice and insights from Marc's vast experience.
 
Key Takeaways:
1. Teamwork Makes the Dream Work: A strong team with diverse expertise is crucial for success in multifamily real estate investing.
2. Leverage Your W-2: Maintaining a regular income job can serve as a safety net, making you more bankable and able to invest more into your real estate ventures.
3. Understanding Your 'Why': Recognizing your underlying motivation can provide a guiding light through your investment journey and lead to lasting wealth and legacy.
 
Connect with Marc Weisi:
www.investwithmaple.com
YouTube: Maple Capital Partners
IG: @marc_weisi
Facebook: Marc Weisi
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

In this deeply personal and inspiring episode, we sit down with Erik Allen, a man who has turned his life around from the grips of abuse, addiction, and professional setbacks.
Eric's powerful story of transformation shows us that it is never too late to change your narrative and live a life of purpose and intentionality.
 
Key Takeaways:
- The impact of one's environment on personal growth and success
- The power of faith and intentional decision-making in overcoming adversity
- The importance of mentorship and changing your environment for personal development
- Eric's dedication to breaking the cycle of abuse and addiction for his children
- Strategies for work-life balance and instilling family values
- The surprising accessibility of mentors and influential figures through social media
- Understanding the 'why' behind success to drive meaningful change
 
Connect with Erik:
Facebook - https://www.facebook.com/ErikAllenMedia
Instagram - https://www.instagram.com/erikgallen/
TikTok - https://www.tiktok.com/@erikallenmedia
Twitter - https://twitter.com/ErikGAllen
LinkedIn - https://www.linkedin.com/in/erikgallen/
YouTube - https://www.youtube.com/channel/UCIvY9tURSqCVjnHx7dcgIeQ?sub_confirmation=1
Website - https://www.erikallenmedia.com/
 
Final Thoughts:
This episode is a masterclass in resilience and intentional living. Eric Allen's story reminds us that it's not about where you start but where you're going and how you choose to get there. As you listen, remember that the power to shape your future is in your own hands, and success might just be a message away.
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/
 

Beth Matthews joins us to share her inspiring transition from the structured world of pharmaceutical sales to the dynamic and unpredictable real estate industry during the 2009 economic crisis. Discover how Beth's adaptability and a strong service mindset enabled her to overcome initial challenges and build a thriving career.
Our conversation spans the importance of foundational skills in real estate, navigating current market complexities, and evolving with the industry.
 
Chapter Summaries:
- (0:00:00) Real Estate Success Stories With Beth: Beth discusses her bold career shift during maternity leave and the parallels between pharmaceutical sales and real estate. We explore the importance of foundational skills and Beth's unique approach to success in a changing market.
- (0:09:26) Back to Basics in Real Estate: We delve into the significance of sticking to basic sales skills, regardless of industry or market conditions. Beth and I discuss the impacts of market changes and the consultative role of a real estate agent in guiding clients through major life events.
- (0:16:05) Navigating Changes in Real Estate Industry: This chapter focuses on the evolving real estate landscape and how agents can redefine their value proposition. We discuss the media's portrayal of the industry and the opportunity for agents to negotiate their worth.
- (0:21:53) Adapting and Succeeding in Business: The conversation turns to mentoring new agents, the importance of adaptability, and knowing your 'why' as a driving force for motivation and direction in both personal and professional life.
- (0:25:19) Early Introduction and Explanation : We discuss the motivations behind our pursuits and the importance of understanding our 'whys' for greater insight into our actions and decisions.
 
Get in touch with Beth:
www.seeingyouhome.com
Instagram: @envisionrealestatewny
Facebook: @envisionrealestate1
LinkedIn: https://www.linkedin.com/in/beth-matthews-9335a139/
TikTok: @envisionrealestate
YouTube: @envisionrealestatewny
 
If you want to know more about Dr. Jason Balara and the Know your Why Podcast: https://linktr.ee/jasonbalara
Audio Track: Back To The Wood by Audionautix is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/
Artist: http://audionautix.com/