Real Estate Investing for Cash Flow with Kevin Bup‪p‬ Kevin Bupp

Jay Several is a real estate investor and developer. 

Jay is the Principal of Several Properties Group, a Cherry Hill, NJ-based developer and asset manager of value-add retail properties. Several Properties develops and manages properties in Pennsylvania, New Jersey, and New York. Jay is involved in every aspect of the development process for each property including location logistics and metrics, acquisition, financing, entitlement, leasing, construction, tenant fit-out, and asset management. 

Since 2007 Mr. Several has been totally responsible for creatively re-developed vacant, obsolete, and abandoned properties into vibrant retail assets valued at over $ 40.0 million. 

Quotes: 

“Everything is about relationships. You can feel like you know what you’re doing, but to be able to confirm that, you have to have lots of friends in the industry. People that know you, they know what you can do. And when they have something, they will come to you.” 

“Listen, watch, and do as much homework as possible. Start small and think big. If you have a lot to lose, put it on the line.” 

Highlights: 

3:38- Jay tells us about his background, how he got into real estate, and what he does  

6:13- Jay talks about what point he made the transition from family housing to commercial projects 

11:56- Jay shares how he knows he has found a strong candidate 

17:30- Jay tells what his typical business model looks like 

21:06- Jay gives his opinion on if new opportunities will arise from the pandemic 

Guest Website: 

https://www.severalpropertiesgroup.com/  

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Brian Carberry is the senior managing director and editor of apartment guide & rent.com. 

Brian has more than 15 years of experience as a content creator and award-winning journalist and is currently the senior managing editor of Apartment Guide and Rent.com.  His work has been featured on CNN, Search Engine Land, Campaign Monitor, and a number of other organizations around the world. 

 

Quotes: 

“If you’re not paying rent, bank that money. Invest it in some way, put it in a CD, whatever you’re going to do, and get a little bit more for a down payment.” 

“There’s always going to be a risk involved, as everyone knows with investing. Right now, that risk might be slightly higher, but I do think the market is going to rebound. I don’t think we’re always going to see these trends of these hot cities coming down. Just find that level of risk that you’re comfortable with. Whether it’s with investing, or really anything. And if you are comfortable with something, go ahead and do it. Don’t play the what-if game.” 

Highlights: 

4:27- Brian shares about his background and how he got into the real estate space 

8:28- Brian talks about trends pertaining to rental rates 

14:54- Brian talks about which parts of the country have seen the “boom” 

20:44- Brian gives his opinion on if the new shared housing trend will cause an oversupply of rental properties not being utilized 

Guest Website: 

www.apartmentguide.com  

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Kyle Herring is a public adjuster and partner at Strategic Claims Consultants. Kyle has nearly 2 decades of experience as a public adjuster and has worked on major disasters across the country. This is one of those topics that a lot of investors don’t think about until disaster strikes. I think we can all agree, owning investment property is a great thing when things are going well, but what happens if your precious investment property sustains major damage or a complete loss? In today’s show, Kyle and I will discuss how to successfully navigate the claims process should you encounter an unfortunate loss to your investment property.  

 

Quotes: 

“100% of the time we can get you more money than your private insurance adjuster can. Just like you wouldn’t send your 1099 to the IRS and ask how much your taxes are, it’s the same with insurance. You need to tell them this is my benefit; this is my claim.” 

“Don’t be penny-wise and dollar foolish. A few dollars saved on premiums could cost you tens of thousands on the backend whenever you actually need it to come to fruition.” 

Highlights: 

4:00- Kyle shares his background and talks about his firm and what they do 

9:50- Kyle tells us what the important aspects are of hiring a public adjuster 

15:55- Kyle gives interview tips for hiring and adjustor and tells what red flags you should look for  

 

Guest Website: 

www.strongclaims.com  

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Adrian Washington is the CEO and founder of the neighborhood development company. 

Adrian has more than 30 years of experience in urban real estate development, construction, and management.  Since founding NDC in 1999 he has led the development of over 1 million square feet of real estate in the Washington DC area with an active pipeline of another half-million.  NDC is also a partner in the District’s City Center DC project and in Baltimore’s State Center project.   

From 2005 until early 2007 Adrian took a leave of absence from NDC to serve as the President and CEO of the Anacostia Waterfront Corporation (AWC), which is the entity charged with leading the redevelopment of the city’s Southwest and Anacostia Waterfronts, including Nationals Stadium, the Yards, and the Wharf.  Adrian grew up in the city’s Anacostia neighborhood and is a lifelong resident of DC.  He is a graduate of Stanford University and Harvard Business School. 

 

Quotes: 

“We like variety from both an economic portfolio balance perspective, but also from an interest perspective. I’ve done this for a while now, I want to have that variety and my team likes different kinds of projects. So, we do for-sale condos, market-rate rental buildings, market-rate commercial buildings, and we also do affordable housing because it’s a good business, but it’s also a good way to give back.” 

“The supply and demand imbalance, if anything, has gotten worse for the buyer. The prices have gone up tremendously there (single-family homes) and the selling cycle has gotten shorter, and for the condo project we had, the same type of thing." 

Highlights: 

3:24- Adrienne talks about his background and how he made his way into the real estate space 

11:03- Adrienne tells us about what he builds to keep and builds to sell 

16:09- Adrienne talks about the impact of COVID in the area that he does his business in 

19:45- Adrienne tells us about the most rewarding project that he’s ever been a part of 

Guest Website: 

https://www.neighborhooddevelopment.com/  

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Larry Lieberman is the president and founder of the Barrington Group. For more than 40 years, The Barrington Group's company philosophy has been to provide excellent quality maintenance service, good clean, well-manicured grounds, well-prepared apartments, friendly courteous professional staff members, and a genuine real concern for the health, safety, and well-being of their residents.  
The Barrington Group believes in long-term ownership.  They do not “build and sell” or “flip” their properties; in fact, they still own and manage most of their original portfolio. 
An excerpt from their website, which I think will provide some additional context to the type of company Barrington is - “We know our residents, they know us…. we strive to have the same staff at a property year after year. Our residents are not subject to “new management” with changing rules and fewer quality standards. Because we are long-term owners, we must pay attention to keeping our properties in excellent physical condition…. to prevent them from aging… we spend considerable resources on keeping our properties beautiful. 
 

Quotes: 

“There were companies out buying everything in sight, but we couldn’t compete because we wanted cash flow absent of the tax benefits. We weren’t players. We weren’t out building and developing and buying because we couldn’t compete with the tax credit mentality.” 

“The basic components that we adhered to, to turn properties around in the ’60s, was I believe in giving a good, well maintained and clean apartment for a reasonable price. And for which, I expect my rent, and I expect it on time. We adhere to that, and we’ll do our part first so that you’ll do your part second.” 

Highlights: 

5:22- Larry tells us about his background and how he found his way into real estate 

13:39- Larry shares how prior to 1987 he kept from falling into the trap of bad deals due to inflation 

18:53- Larry tells us about changes in his property management style that helped him manage his business more efficiently in the 60s after acquiring 2000 assets 

21:23- Larry shares the struggles he has faced in his career and how he has overcome them 

27:04- Larry tells us how he makes determinations in large rehab projects as to not over renovate  

30:40- Larry talks about the best-valued lifestyle commodities in communities 

32:27- Larry tells us about shifts and changes he’s made due to COVID 

Guest Website: 

http://www.bgiapartments.com/  

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Janine Yorio is head of the real estate group at Republic. 

Republic is a leading alternative investment platform open to all investors and has closed over $150 million in investments in 200+ companies throughout 100 countries. Republic is backed by both strategic capital partners and traditional venture capital firms including Binance and Passport Capital. Founded in 2016, Republic is based in New York City and has 50 employees. 

 

Quotes: 

“This is a platform where people are looking to fill their bucket with alternative investments. Different people want to see different things. They don’t come to Republic looking to invest in public equities and stocks, but they do come to Republic looking for unique investment opportunities that are uncorrelated. Some of which have really high potential risk rewards that would be very difficult to find in a public market type of platform.” 

 

Highlights: 

3:40- Janine tells us about Republic, what they offer, and her background 

6:54- Janine tells us about how cross-pollination in their userbase with niches and sectors 

8:23- Janine explains what separates the Republic platform from the multiple other real estate crowdfunding platforms that exist today 

17:50- Janine gives her viewpoint on trends and patterns in her business due to COVID 

23:00- COVID impacts on different industries 

Guest Website: 

https://republic.co/real-estate  

Learn About Investment and Partnership Opportunities with Kevin and His Team