The REI Diamonds Show-Real Estate Investment Podcast REI Diamonds

Episode: Redeveloping U.S. Malls Part 2 with Brait Fund Saul ZenkeviciusGuest: Saul Zenkevicius is a personal friend and prior business partner of mine.  We used to flip houses together in Chicago & Miami. Now he’s moved on to redeveloping underperforming Malls with his partner Rafik and their team.  Big Idea: The biggest opportunity in commercial real estate is leasing up large amounts of vacant space.  This is how to earn profits exceeding $10,000,000.  The key to doing this is building a business focused on attracting tenants and building an ecosystem of tenants that will bring traffic to those properties over a long period of time. This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:https://www.zequitygroup.com/View the Episode Description & Transcript Here:https://reidiamonds.com/redeveloping-u-s-malls-part-2-with-brait-fund-saul-zenkevicius/Saul Zenkevicius & I Discuss Redeveloping Commercial Real Estate:• Climbing Mt Kilimanjaro • Leasing 300,000 sq. ft. in 15 months• Creating $10M in value in that same period• Simplifying Life instead of Chasing Money ExclusivelyRelevant Episodes: (200+ Content Packed Interviews in Total)• Saul Z on Leveling Up in Real Estate• Family Values & Real Estate Investing with Jim Sheils, A #1 Wall Street Journal Best Seller• Redeveloping Dying Malls with Brait Capital Founder Rafik Moore• Owning & Operating 4,500 Apartment Units with Mark Kenney• Mark Ainley on Pulling Back the Curtain of a High Volume Turn Key Rental Business• Negotiating No Money Down Commercial Real Estate Deals with Peter Conti

Episode: Redeveloping Dying Malls with Brait Capital Founder Rafik MooreGuest: Rafik is a seasoned commercial real estate operator with extensive experience in retail & industrial property.  His company, Brait Capital is now focused on very large retail & industrial assets.  Recently, he has closed on 3 shopping mall properties with large vacancy and is in the process of repositioning those assets.Big Idea: Commercial real estate success is found in 3 components.  First, finding an asset at a favorable cost basis. Second, assembling the capital to buy & redevelop that asset. Finally, and perhaps most important, operating the business of leasing at a high level to quickly fill the asset with paying tenants – tenants who draw the missing traffic back and bring that asset back to life.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:www.BraitCapital.comView the Episode Description & Transcript Here:https://reidiamonds.com/redeveloping-dying-malls-with-brait-capital-founder-rafik-moore Rafik & I Discuss Redeveloping Dying Malls:• The Evolution from Flipping Houses to Buying Malls• The System for Creating Astonishing Leasing Velocity• Creating a “product”, as opposed to doing a “deal”• Managing 700 Commercial TenantsRelevant Episodes: (200+ Content Packed Interviews in Total)• Saul Z on Leveling Up in Real Estate• Mark Ainley on Pulling Back the Curtain of a High Volume Turn Key Rental Business• Kirby Atwell on Founding a Luxury Home Investment Company• Johnny Wolff on how to Unlock Passive Wealth with Real Estate and Innovation• Nashville Tennessee Real Estate Development with HBG Capital Founder Brandon Cobb

Episode 250: Living by the Water: Real Estate Insights with Roger King on Waterfront Investments & Tax Benefits Guest: Roger King, an experienced real estate investor now residing in Puerto Rico, joins us on the REI Diamond Show. With a career spanning over 30 years, Roger's expertise ranges from residential to commercial real estate, with a particular focus on waterfront properties and leveraging the tax advantages of Puerto Rico. His journey from aspiring musician to a successful investor provides a wealth of knowledge and inspiration for those navigating the real estate landscape. Big Idea: Roger King highlights how waterfront living enhances property value and personal well-being, sharing his own experiences of moving to Puerto Rico. The island offers a unique blend of scenic beauty and lifestyle benefits, complemented by substantial tax incentives such as the elimination of capital gains taxes and lower property taxes. This strategic move not only improves his quality of life but also bolsters his wealth-building efforts, showcasing the powerful synergy between lifestyle choices and financial planning in real estate.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:https://www.RogerKing.comView the Episode Description & Transcript Here:https://reidiamonds.com/living-by-the-water-real-estate-insights-with-roger-king-on-waterfront-investments-tax-benefitsRoger King & I Discuss Real Estate Insights on Waterfront Investments & Tax Benefits:• Introduction and Background (00:00:26)Roger shares his current life in Puerto Rico and the positive influence of ocean views on his well-being and lifestyle choices.• Roger’s Real Estate Journey (00:13:54)Roger recounts his first real estate deal in Orlando and subsequent ventures, illustrating his progression from wholesaling to flipping properties and beyond.• Lessons from a Major Deal Gone Wrong (00:34:12)Roger discusses a challenging investment in a church property in Savannah, detailing the lengthy foreclosure and bankruptcy process and the valuable lessons learned.• Selecting and Managing High-Quality Partnerships (00:38:56)Roger emphasizes the importance of choosing reliable partners who bring complementary skills, sharing insights on joint ventures and ensuring all partners have a stake in the success.• The Value of Continuous Deal Flow (01:00:07)Roger explains the necessity of maintaining a steady stream of new deals, even in difficult times, to offset past losses and sustain momentum in real estate investing.

Episode 249: How to Bill Your Tenants for Water Usage with Kelly KoontzGuest: Kelly Koontz, a seasoned expert in utility submetering solutions tailored for multifamily properties. With over two decades of experience at Submeter Solutions, Kelly has been at the forefront of revolutionizing utility management strategies, empowering property owners to maximize efficiency, enhance property value, and foster tenant accountability. In this episode, Kelly shares invaluable insights into the intricacies of utility submetering, its profound impact on property management practices, and practical strategies for seamless implementation.Big Idea: At the heart of utility submetering lies a transformative approach to utility management for multifamily properties. By accurately measuring and allocating utility costs to individual tenants, property owners can unlock a myriad of benefits, ranging from significant cost recovery and increased property valuation to fostering a culture of responsible resource usage among tenants. Through the integration of modern metering technology and innovative billing methodologies, utility sub-metering not only optimizes operational efficiency but also empowers property owners to proactively manage utility expenses, mitigate financial risks, and elevate the overall tenant experience.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:https://SubmeterSolutions.com/View the Episode Description & Transcript Here:https://reidiamonds.com/how-to-bill-your-tenants-for-water-usage-with-kelly-koontz/Kelly Koontz & I Discuss How to Bill Your Tenants for Water Usage:• Introduction & Financial Impact of Submeter Solutions – 1:01: Kelly delves into the core principles of utility submetering and its role in transforming multifamily property management practices.• Comparison of Billing Methods – 4:11: Contrasting traditional flat-rate billing, RUBS (Ratio Utility Billing System), and utility submetering, elucidating the advantages of metered billing for property owners and tenants alike.• Technical Implementation of Submetering Systems – 10:42: Providing comprehensive insights into the technical aspects of utility submetering, from metering equipment selection to connectivity solutions and data management strategies.• Utility Bill Integration with Rent – 20:59: Exploring lease structures and billing methodologies to prioritize utility payments alongside rent.• Ideal Clients and Property Types – 29:30: Identifying ideal clients, including self-managing landlords, property managers, and commercial property owners.• Insurance Premiums & Installation Costs – 45:10: Kelly discusses how insurance premium reductions are linked to active leak detection systems, the logistics and costs of installing sensors in multifamily units, and the growing regulatory and market demand for leak management solutions in water-scarce regions.

Episode 245: Avoid Property Insurance Nightmares with Public Adjuster Andy GurczakGuest: Andy Gurczak is a seasoned real estate investor and public insurance adjuster. Starting with a humble duplex, Andy has strategically expanded his portfolio to include a variety of commercial properties. He leverages his construction background and keen market insight to navigate the complexities of real estate and insurance claims, making him a valuable resource for both novice and experienced investors.Big Idea: Andy Gurczak delves into the intricacies of insurance claims for property investors, emphasizing the importance of strategic decision-making and thorough understanding of the process to avoid pitfalls. He also shares his journey from residential to commercial real estate investing, highlighting the lessons learned and strategies for success in the commercial sector.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:https://www.AllCityAdjusting.com/View the Episode Description & Transcript Here:https://reidiamonds.com/avoid-property-insurance-nightmares-with-public-adjuster-andy-gurczak/Andy Gurczak & I Discuss Avoiding Property Insurance Nightmares with Public Adjuster:• 5:50 - Details of a 1031 Exchange: Insights into executing a 1031 exchange successfully and the lessons learned from the process.• 10:01 - Acquiring a Seven-Unit Commercial Property: The story behind acquiring a prime commercial building and its financial implications.• 15:40 - Financing Strategies: How leveraging relationships with local banks facilitated property acquisitions.• 18:30 - Property Management and Tenant Relations: Managing properties personally and dealing with tenant issues directly.• 27:35 - Critical Timing in Claim Filing: Brother Elijah's experience highlights the importance of acting swiftly and seeking expert advice to maximize claim value.• 29:19 - Settlement Offers and Pitfalls: Andy shares insights into deciphering settlement offers and avoiding potential traps.• 35:52 - Commercial vs. Residential Claims: Understanding the dynamics between commercial and residential claims can influence strategy and approach. Relevant Episodes: (200+ Content Packed Interviews in Total)• Andy Shamberg on Property Insurance Fundamentals• REI Diamonds Show with Rick Thompson on Building Green, High Performance New Construction• 100+ Unit Apartment Syndication with Stephanie Walter• Rental Property Insurance Pitfalls with Attorney Galen Hair• How to Avoid Capital Gains Tax Using a Deferred Sales Trust or Like Kind Exchange with Carl Worden

Episode 248: New Silver Fintech CEO Kirill Bensonoff on Blockchain Hard Money LoansGuest: Kirill Bensonoff, CEO of New Silver, a groundbreaking fintech lending organization, is at the forefront of revolutionizing real estate investment. With a focus on fix and flip, ground-up construction, and buy-to-rent projects, New Silver provides investors with innovative financing solutions backed by cutting-edge technology. Combining his expertise in technology and a deep understanding of real estate, Kirill brings a unique perspective to the table, unraveling the intersection of blockchain and trust within the industry.Big Idea: New Silver combines financial expertise with advanced technology to streamline the lending process for real estate investors. By leveraging blockchain technology and smart contracts, New Silver offers faster loan approvals and closings, reducing the time and complexity traditionally associated with hard money lending. The discussion revolves around the pivotal role of trust in real estate transactions amidst the rise of blockchain technology. While blockchain promises seamless transactions and tokenization, Kirill and Dan delve into the fundamental necessity of trust in every aspect of real estate, from lending to investment.This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/This Episode is Also Sponsored by the Lending Home. Lending Home Offers Reliable & Low Cost Fix & Flip Loans with Interest Rates as Low as 9.25%.  Buy & Hold Loans Offered Even Lower.  Get a FREE IPad when you Close Your First Deal by Registering Now at  http://REILineOfCredit.comResources mentioned in this episode:https://NewSilver.com/View the Episode Description & Transcript Here:https://reidiamonds.com/new-silver-fintech-ceo-kirill-bensoff-on-blockchain-hard-money-loans/Kirill Bensonoff & I Discuss Blockchain Hard Money Loans:• Exploring the Role of Hard Money Lending in Real Estate Investments (02:12): Unpacking the significance of hard money lending as a crucial financing option for real estate investors, offering flexibility and speed in transactions.• Demystifying Loan Requirements, Down Payments, and Interest Rates for Profitable Ventures (5:34): Breaking down the essential components of real estate loans, including requirements, down payments, and interest rates, while discussing profitability calculations to empower investors.• Effective Strategies for Strengthening Offers and Accelerating the Closing Process (17:01): Offering tactical approaches to enhance offers to sellers and expedite the closing process, ensuring a competitive edge in real estate transactions.• New Silver's Dedication to Tailored Solutions and Building Strong Borrower Relationships (00:20:10): Highlighting New Silver's commitment to providing customized solutions and nurturing robust borrower relationships to foster trust and long-term success.• Blockchain Applications in Real Estate Transactions (25:05): Discussing the potential of blockchain to streamline real estate processes such as property title transfers and asset settlement, enhancing efficiency and reducing transaction costs.