REI 101 Podcast

Austin From Houston TX

๐ŸŽ™๏ธ Real Estate Investing 101 โ€” your weekly dose of property investing wisdom! Join us every Monday at 12:30 PM CST as we break down real estate investing tips, strategies, and real-world examples to help you build wealth one door at a time. Whether youโ€™re a beginner or an experienced investor, youโ€™ll learn how to find deals, analyze opportunities, and make smarter moves in todayโ€™s market. ๐Ÿ‘‰ Subscribe and follow so you never miss an episode โ€” letโ€™s grow your real estate portfolio together! #RealEstateInvesting #PropertyInvestment #WealthBuilding

  1. Oct 2

    ๐ŸŽ™๏ธ E69:๐Ÿšจ 90% of Real Estate Deals Are DEAD Hereโ€™s How to Find the Ones Worth Buying

    ๐Ÿšจ 90% of real estate deals hitting your inbox may not be bad deals they may simply be DEAD at the current price. So how do you quickly determine which deals are worth your time?In REI 101 Episode 68, Austin and Alberto kick off a month focused on real estate deal analysis by breaking down a multifamily investment opportunity and showing how investors can quickly screen a deal before spending hours underwriting it.They walk through a real-world $14.5M multifamily property and examine the numbers, including: ๐Ÿข Multifamily Deal Analysis๐Ÿ’ฐ Net Operating Income (NOI)๐Ÿ“Š Cash-on-Cash Return๐Ÿฆ DSCR & Financing Requirements๐Ÿ“ˆ Cap Rate๐Ÿ’ต Down Payment & Interest Rates๐Ÿค Seller Financing & Interest-Only Options๐Ÿ  Rent Rolls & Value-Add Opportunities๐Ÿ“‘ T-12 / Profit & Loss Statements๐Ÿ“‰ Operating Expenses & the 60/40 Rule๐Ÿ” Capital Expenditures๐Ÿ’ก Negotiating the Purchase Price One of the biggest lessons from this episode: great deals aren't always found they're created through analysis and negotiation.Austin and Alberto also discuss why some investors automatically avoid properties listed on the MLS or LoopNet, whether off-market really means better, and how understanding the numbers can give investors more negotiating power.They then dig into the rent roll to identify potential value-add opportunities including how increasing rents across a 144-unit property could potentially create significant additional annual income.By the end of the episode, you'll see the basic process for quickly screening a deal: 1๏ธโƒฃ Start with NOI2๏ธโƒฃ Check cash-on-cash return and DSCR3๏ธโƒฃ Review the rent roll for patterns and upside4๏ธโƒฃ Analyze the P&L / T-125๏ธโƒฃ Look at operating expenses6๏ธโƒฃ Identify value-add opportunities7๏ธโƒฃ Determine whether there's room to negotiateAnd this is only the beginning.Whether you're a buyer trying to evaluate a deal with limited information, a seller trying to understand why your listing isn't moving, or an owner who just wants to run a tighter ship this episode is for you. If you enjoyed this Podcast, please like, and turn on the notification bell ๐Ÿ”” so you can join me and Alberto talking about Real Estate! Donโ€™t forget to LIKE ๐Ÿ‘, COMMENT ๐Ÿ’ฌ, and FOLLOW ๐Ÿ”” for more real estate investing insights!

  2. Oct 1

    ๐ŸŽ™๏ธ E68: ๐Ÿšจ We Lost $8,800 Because We Skipped a $200 Inspection | Maximizing Your NOI Pt. 2 ๐Ÿ’ฐ๐Ÿš๏ธ

    Most landlords focus on buying the right property. The ones who actually build wealth know it's what happens after the purchase that makes or breaks your returns. In Part 2 of our NOI series, Austin and Alberto get into the expenses side of your P&L where the real money is hiding.This episode is packed with hard-won lessons, real numbers, and the mistakes investors make when they're trying to cut costs but end up paying triple.What we cover: ๐Ÿ“‹ Expenses breakdown โ€” what to look at first when evaluating any investment property (08:37)๐Ÿข Property management โ€” why a 5% manager might be costing you more than a 10% one, and how to measure the ROI (10:00)๐Ÿ›๏ธ Property taxes โ€” how to protest your assessment and why commercial owners get blindsided by tax bills that double in a year (11:58)๐Ÿ”’ Insurance โ€” why setting it on autopilot is silently eating your profit margin, and when self-insuring actually makes sense (15:21)๐Ÿ”ง Maintenance cuts that backfire โ€” HVAC, roofing, sewer lines, and the real cost of deferred upkeep (20:18) ๐Ÿ’ธ The $8,800 lesson โ€” Alberto shares what happened when he skipped a $200 sewer scope on a property he bought in 2022. His tenants went 3 days without showers. Don't make the same mistake. (27:13)๐Ÿก Peer & beam houses โ€” underfloor insulation, rodent entry points, humidity damage, and what to do before your contractor leaves the job site (32:27)๐ŸŽจ Where investors over-spend โ€” why putting luxury finishes in a C-class market is one of the most common ways to kill your ROI (35:45)๐Ÿ  Affordable housing programs โ€” they pay above market, they pay on time (the 1st, not the 10th), and their retention rates are some of the highest you'll find. We break down why most landlords are sleeping on this. (05:26)โšก The rule is simple: you don't have to be way out in front of your competition โ€” you just have to be as good or slightly better. Know your market, know your numbers, and protect the big-ticket items before you touch the aesthetics.Whether you're a buyer trying to evaluate a deal with limited information, a seller trying to understand why your listing isn't moving, or an owner who just wants to run a tighter ship this episode is for you. If you enjoyed this Podcast, please like, and turn on the notification bell ๐Ÿ”” so you can join me and Alberto talking about Real Estate! Donโ€™t forget to LIKE ๐Ÿ‘, COMMENT ๐Ÿ’ฌ, and FOLLOW ๐Ÿ”” for more real estate investing insights!

  3. Sep 18

    ๐ŸŽ™๏ธ E67: ๐Ÿ’ฐ๐Ÿš๏ธ "We Lost $8,800 Because We Skipped a $200 Inspection | Maximizing Your NOI Pt. 2"

    Most landlords focus on buying the right property. The ones who actually build wealth know it's what happens after the purchase that makes or breaks your returns. In Part 2 of our NOI series, Austin and Alberto get into the expenses side of your P&L where the real money is hiding.This episode is packed with hard-won lessons, real numbers, and the mistakes investors make when they're trying to cut costs but end up paying triple.What we cover:๐Ÿ“‹ Expenses breakdown โ€” what to look at first when evaluating any investment property (08:37)๐Ÿข Property management โ€” why a 5% manager might be costing you more than a 10% one, and how to measure the ROI (10:00)๐Ÿ›๏ธ Property taxes โ€” how to protest your assessment and why commercial owners get blindsided by tax bills that double in a year (11:58)๐Ÿ”’ Insurance โ€” why setting it on autopilot is silently eating your profit margin, and when self-insuring actually makes sense (15:21)๐Ÿ”ง Maintenance cuts that backfire โ€” HVAC, roofing, sewer lines, and the real cost of deferred upkeep (20:18)๐Ÿ’ธ The $8,800 lesson โ€” Alberto shares what happened when he skipped a $200 sewer scope on a property he bought in 2022. His tenants went 3 days without showers. Don't make the same mistake. (27:13)๐Ÿก Peer & beam houses โ€” underfloor insulation, rodent entry points, humidity damage, and what to do before your contractor leaves the job site (32:27)๐ŸŽจ Where investors over-spend โ€” why putting luxury finishes in a C-class market is one of the most common ways to kill your ROI (35:45)๐Ÿ  Affordable housing programs โ€” they pay above market, they pay on time (the 1st, not the 10th), and their retention rates are some of the highest you'll find. We break down why most landlords are sleeping on this. (05:26)โšก The rule is simple: you don't have to be way out in front of your competition โ€” you just have to be as good or slightly better. Know your market, know your numbers, and protect the big-ticket items before you touch the aesthetics.Whether you're a buyer trying to evaluate a deal with limited information, a seller trying to understand why your listing isn't moving, or an owner who just wants to run a tighter ship this episode is for you.If you enjoyed this Podcast, please like, and turn on the notification bell ๐Ÿ”” so you can join me and Alberto talking about Real Estate! Donโ€™t forget to LIKE ๐Ÿ‘, COMMENT ๐Ÿ’ฌ, and FOLLOW ๐Ÿ”” for more real estate investing insights!

  4. Sep 8

    ๐ŸŽ™๏ธ E66: ๐Ÿ“ฆ๐Ÿ”ฅ "Shoebox Operations & Sleeping Landlords: How to Profit From Multi-Family Chaos" ๐Ÿ’ธ

    Shoebox Operations & Sleeping Landlords: How to Profit From Multi-Family Chaos | REI 101 Ep. 66What happens when a seller can't tell you their NOI, sends you 12 separate utility bills, and points you to a Dropbox folder full of Airbnb screenshots? Welcome to a shoebox operation and it's more common than you think.This week, Austin and Alberto are joined by multi-family broker Ona Alicia Okeke to break down one of the biggest frustrations in commercial real estate: sellers and their agents showing up to the table completely unprepared. But here's the thing where there's chaos, there's opportunity. And right now, the market is full of it.๐Ÿ”‘ What we cover in this episode: * Why sellers have no idea what their NOI is and what that means for YOU as a buyer* The "shoebox operation" problem and why tired landlords are creating massive buying windows* What lenders actually need to approve a multi-family loan (hint: pretty photos don't cut it)* DSCR loans explained what 1.3 means and why it matters* Value-add vs. turnkey: what most investors are really hunting for* Hidden revenue streams landlords are leaving on the table (pet rent, parking, storage, internet kickbacks, and more) * The expenses landlords cut that they absolutely shouldn't (spoiler: landscaping matters more than you think)* The 40/60 Rule the single most important metric for evaluating the health of any multi-family investment* When to raise rents, when to hold off, and how to think about the ethical side of rent increases* Why 100% occupancy isn't always a good sign ๐Ÿ’ก The 40/60 Rule:Your operating expenses should never exceed 40% of gross income. Your NOI should be at or above 60% before debt service. If you're over 40%, something needs to change. If you enjoyed this Podcast, please like, and turn on the notification bell ๐Ÿ”” so you can join me and Alberto talking about Real Estate! Donโ€™t forget to LIKE ๐Ÿ‘, COMMENT ๐Ÿ’ฌ, and FOLLOW ๐Ÿ”” for more real estate investing insights!

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๐ŸŽ™๏ธ Real Estate Investing 101 โ€” your weekly dose of property investing wisdom! Join us every Monday at 12:30 PM CST as we break down real estate investing tips, strategies, and real-world examples to help you build wealth one door at a time. Whether youโ€™re a beginner or an experienced investor, youโ€™ll learn how to find deals, analyze opportunities, and make smarter moves in todayโ€™s market. ๐Ÿ‘‰ Subscribe and follow so you never miss an episode โ€” letโ€™s grow your real estate portfolio together! #RealEstateInvesting #PropertyInvestment #WealthBuilding