The Real Estate Takeoff

Shawn DiMartile and Mike Tighe
The Real Estate Takeoff

The Real Estate Takeoff podcast hosted by Mike Tighe and Shawn DiMartile, where we'll talk all aspects of anything real estate investing related, as we host a variety of guests who are active in the real estate game. Past guests including Grant Cardone, Michael Blank, & more! Be sure to follow the show on instagram at @therealestatetakeoff.

  1. 16 JUL

    Episode 237: Austin Allison Discusses Revolutionary Co-Ownership Platform, Pacaso

    Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode, Shawn DiMartile interviews Austin Allison, the innovative mind behind Pacaso, a burgeoning platform revolutionizing vacation home ownership. Broadcasting from Tuscany, Italy, Austin shares his journey from humble beginnings in Cincinnati, Ohio, to becoming a leading figure in real estate technology. He talks about his early ventures, notably DotLoop, and its acquisition by Zillow, and delves into his latest endeavor, Pacaso. This platform redefines second home ownership by enabling co-ownership of luxury vacation properties. Throughout the conversation, Austin elaborates on the inner workings of Pacaso. He explains how the model supports real estate investors in acquiring shares of high-value properties in prime locations for a fraction of the cost. Austin details the rigorous processes involved in managing these properties, from vetting and onboarding homes to ensuring seamless operation and maintenance, sidestepping common pitfalls associated with co-ownership. This episode is a must-listen for anyone intrigued by the future of real estate investment and the innovative solutions Pacaso offers to current market challenges. Key Takeaways: Transformative Co-ownership Model: Pacaso enables multiple owners to co-own luxury vacation homes, reducing costs and operational headaches Broad Market Access: Pacaso operates in over 40 destinations globally, including the U.S., Paris, London, and Mexico, offering diverse property options Seamless Management: Pacaso manages all aspects of the home, from maintenance to scheduling, ensuring a hassle-free experience for owners Resale Opportunities: Owners can sell their shares through Pacaso’s marketplace, providing liquidity and flexibility similar to traditional real estate transactions Growing Trend: Co-ownership is becoming more popular as housing affordability declines, allowing more people to enjoy the benefits of luxury property ownership How to connect with Austin:  Website: Pacaso Instagram: @pacasohomes LinkedIn:  Austin Allison Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

    27 min
  2. 8 JUL

    Episode 236: Kyle Matthews Discusses Building a Nationwide Commercial Brokerage Empire

    Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: Join host Mike Tighe in this enlightening conversation with Kyle Matthews, a powerhouse in the commercial real estate industry. Broadcasting from Telluride, Mike dives deep into Kyle's journey from a college football player to founding the largest private commercial brokerage in America. Discover the trials and triumphs Kyle faced while transitioning from being a top-performer at Colliers International to establishing his own firm, Matthews Real Estate Investment Services. Kyle shares his foundational years, emphasizing his initial struggles in the real estate business, taking 17 months to close his first deal, yet how perseverance and hard work led him to success. He details the reasons behind starting his own brokerage and the steps taken to scale it nationwide, even discussing the intricacies of office operations, hiring practices, and his zero-debt philosophy. He also addresses the unique market challenges posed by rapidly rising interest rates and the fundamental shifts in office real estate post-COVID. Key Takeaways: Persistence Pays Off: Kyle’s journey underscores the importance of perseverance, taking 17 months to close his first deal and growing from failures Strategic Scaling: Key insights on how to scale a business nationwide by focusing on the right hires and maintaining a strong office environment Financial Prudence: Kyle’s adherence to a debt-free business model and the long-term benefits it offers Market Adaptation: Discussion on how high interest rates and other macroeconomic factors affect real estate and strategies to manage these changes Office Culture: Emphasizing the importance of an in-office work environment to foster collaboration and growth How to connect with Kyle:  LinkedIn: Kyle Matthews Instagram: @kylematthewsceo Twitter: @kylematthrewsceo Website:  Matthews Real Estate Investment Services Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

    38 min
  3. 1 JUL

    Episode 235: August Biniaz Discusses CPI Capital's Investment Strategy and Goals

    Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ Episode Summary: In this engaging episode of the Real Estate Takeoff Podcast, Mike Tighe sits down with August Biniaz, the Chief Investment Officer at CPI Capital, to discuss the intricacies of real estate syndication, particularly in the multifamily space. Broadcasting from Vancouver, Biniaz delves into his dual role in acquisitions and asset management, providing listeners with a behind-the-scenes look at how CPI Capital navigates the ever-changing real estate market. Throughout the episode, Biniaz shares insights on CPI Capital's implementation of the EOS (Entrepreneurial Operating System) to structure their long-term goals, including their ten-year ambition to be listed among the top 50 apartment owners in the U.S. The conversation also covers topics such as the challenges posed by the current economic climate, how CPI Capital is leveraging internal resources during slow deal periods, and strategic partnerships that enhance their market presence. Biniaz notably highlights the importance of educating oneself constantly and building a strong personal brand in real estate investing. Key Takeaways: Role of CIO in Real Estate Syndication: August Biniaz outlines his responsibilities at CPI Capital, emphasizing the importance of disciplined deal underwriting and effective asset management Leveraging EOS for Business Growth: Biniaz explains how CPI Capital uses the Entrepreneurial Operating System (EOS) to set and achieve long-term goals, providing a structured approach to growth Adapting to Market Challenges: Despite a slow deal period in 2023, CPI Capital focused on strengthening internal processes and partnerships, demonstrating the importance of adaptability and continuous improvement Cross-Border Syndication: Biniaz discusses the complexities and tax considerations of syndicating real estate deals in the U.S. while based in Canada, highlighting strategies for compliance and efficiency Education and Branding in Real Estate: Reflecting on his journey, Biniaz stresses the significance of continuous learning and building a personal brand to succeed in the competitive real estate market How to connect with August:  CPI Capital Website August Biniaz on LinkedIn Real Estate Investing Demystified Podcast: Hosted by CPI Capital NMHC (National Multifamily Housing Council) Learn more about Mike and Shawn:  Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

    35 min
  4. 24 JUN

    Episode 234: Trey Wheeler Discusses Real Estate and Brokerage Insights

    Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode of the Real Estate Takeoff podcast, host Mike Tighe welcomes Trey Wheeler, VP of Investments at Tailwind Investment Group. Trey shares his journey from corporate finance to multifamily real estate investing, offering a unique perspective shaped by his diverse experiences. The conversation dives deep into the nuances of commercial brokerage, the subtleties of underwriting, and strategic insights for navigating the multifamily market, especially in today’s volatile economic climate. Trey Wheeler explores the juxtaposition of working as a real estate broker and transitioning to a principal role, highlighting the significance of thorough underwriting and the importance of understanding market cycles. The episode also delves into the intricacies of listing properties, whether it's more beneficial to work with commercial brokers or residential agents, and how to create value as a sponsor. Trey imparts wisdom on thinking long-term, understanding market dynamics, and the benefits of having a cautious yet aggressive capital approach. Some key takeaways from this episode: Brokerage Insights: Trey discusses the profound impact of his experience in commercial brokerage on his investment strategies and career decisions Underwriting Best Practices: Emphasizes the importance of conservative assumptions, especially regarding rent growth and leverage, to ensure reliable profit margins Market Cycle Awareness: Highlights the necessity of understanding where we are in the real estate cycle to make informed investment choices Human Element in Real Estate: Treating everyone with respect and building lasting relationships is crucial for long-term success in the real estate business Strategic Capital Deployment: Trey touches on the advantages and disadvantages of different capital structures, including JV partnerships vs. discretionary funds How to connect with Trey: LinkedIn: Trey Wheeler Website: Tailwind Investment Group Stay tuned for more episodes of Real Estate Takeoff, where we bring you insights and experiences from industry experts to help elevate your real estate game. Listen to the full episode to dive deeper into the valuable lessons shared by Trey Wheeler. Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com  Website: www.takeoffcapital.com

    33 min
  5. 17 JUN

    Episode 233: Josephine Saffert Discusses Real Estate Development and Entrepreneurship

    Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this insightful episode, Shawn DiMartile is joined by Josephine Saffert, a dynamic real estate developer based in Nashville, Tennessee. Josephine shares her journey from immigrating to the U.S. from Germany to establishing a successful development company focusing on urban fill projects. She provides an in-depth look into her strategies for selecting development sites, managing interest rate risks, and creating unique design features that make her properties stand out in a competitive market. Josephine dives into the specifics of her projects, including her focus on luxury townhomes and horizontal development. She discusses the importance of positioning developments in up-and-coming neighborhoods and leveraging investor partnerships to bring these high-end projects to life. Additionally, Josephine introduces her educational initiative, Developer Academy, which helps real estate professionals break into the development industry by providing a comprehensive curriculum and networking opportunities. Some key takeaways from this episode: Strategic Site Selection: Josephine emphasizes the importance of choosing development sites in emerging neighborhoods that promise future growth and value appreciation Interest Rate Mitigation: She discusses the impact of fluctuating interest rates on development projects and the necessity of conservative underwriting and padding contingencies Unique Design Features: Josephine's projects stand out due to unique design elements like rooftop hot tubs and courtyard spaces that add significant appeal Educational Outreach: Developer Academy aims to empower real estate professionals to venture into development with a combination of online resources and community support Investment Strategies: Insights into structuring investor deals for different types of development projects, including single-family homes, townhomes, and build-to-rent communities How to connect with Josephine: Instagram: @josephinesaffert Website Instagram: @sapphiredevelop Website:  Sapphire Development  Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website:  www.takeoffcapital.com

    19 min
  6. 10 JUN

    Episode 232: Shawn DiMartile and Alex Inabnet Discuss Multifamily Development Challenges

    Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this engaging episode, Shawn DiMartile sits down with Alex Inabnet, a multifaceted real estate expert based in San Diego, to delve into the intricate world of real estate development and general contracting. With an eclectic background in construction management and a hands-on approach to multifamily developments, Alex offers a wealth of knowledge on the current real estate trends across different markets, especially in San Diego, Austin, and Tampa. Throughout their discussion, Alex reveals the challenges and nuances of the construction and development landscape, especially in high-demand areas like San Diego. He shares invaluable insights on how to navigate market volatility, the importance of hiring experienced partners, and the critical role of communication in mitigating risks in construction projects. This episode is a treasure trove of expert advice for anyone interested in multifamily real estate development, construction best practices, and strategic market analysis. Some key takeaways from this episode: A comprehensive discussion on the importance of strategic market selection, with a focus on secondary growth markets such as San Diego, Austin, and Tampa Insight into the high barriers to entry and regulations in California's real estate market compared to Texas and Florida The significance of effective communication and problem-solving in managing construction costs and project timelines The critical role of experienced business partners and mentors in successful real estate development Observations on current market trends and future predictions, particularly regarding interest rates and their impact on real estate investments How to connect with  Website: www.inabnetcontracting.com Email:  alex@inabnetcontracting.com Phone Number:  (318)-780-6513 Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

    40 min
  7. 3 JUN

    Episode 231: Antonio Cucciniello shares his journey and tips for real estate investing

    Follow Mike and Shawn on Instagram: Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, Mike Tighe interviews Antonio Cucciniello, who shares his real estate journey and how he started investing in properties. He discusses the importance of finding alternative sources of income, especially for retirement, and how he used cash-out refinances to expand his real estate portfolio. Antonio also talks about his current focus on helping others get started in real estate investing through his company, House Hack Helpers. He emphasizes the importance of taking action and overcoming emotional barriers when it comes to investing in real estate. The episode concludes with a discussion on the potential of short-term rentals and the benefits of house hacking. Some key takeaways from this episode: Antonio Cucciniello started investing in real estate to provide a retirement income for his father and build a legacy for his future family Cash-out refinances allowed Antonio to recycle his initial capital and purchase more properties, expanding his real estate portfolio Antonio co-founded House Hack Helpers, a company that flips duplexes, triplexes, and quadplexes and sells them to individuals interested in house hacking Overcoming emotional barriers and taking action are crucial for success in real estate investing Short-term rentals can be a profitable option for maximizing rental income, but they require additional upfront costs and considerations How to connect with Antonio: Instagram: @investarters Book: The Beginner Real Estate Investor Playbook: A Step-by-Step Guide to Buying Your First Rental Property Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

    36 min

About

The Real Estate Takeoff podcast hosted by Mike Tighe and Shawn DiMartile, where we'll talk all aspects of anything real estate investing related, as we host a variety of guests who are active in the real estate game. Past guests including Grant Cardone, Michael Blank, & more! Be sure to follow the show on instagram at @therealestatetakeoff.

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