Today it is my pleasure and a privilege to welcome back economist and trader, Frances Newton Stacy. She works for Optimal Capital as the director of portfolio strategy. Frances is also a frequent guest on both CNBC, as well as Fox Business News as a commentator on Central Bank Policy. She also blogs about the trading community by helping to recognize key cycles and significant support and resistance levels. Today we’re talking about what the post-election market looks like from trends to market projections. We’re also talking about the cost of living increase, interest rates, and the commercial real estate space. It is always a pleasure to have Frances on the podcast.   Minute Markers: 00:22 - Hello and Welcome 01:45 - The post-election market 03:50 - Market pricing projections, capital gains, and raising taxes during a pandemic 08:00 - Cost of living increase 13:47 - What’s going to happen with 18:30 - Interest rates and national debt 25:00 - Politics and neutrality and “being in the middle” 27:30 - Commercial real estate space 28:30 - Thanks to Frances 29:07 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “Because of its populism and people are getting left behind, and there's a lot of social angst, the country is moving to extremes in both directions—depending on who they follow or who their leaders are. For a lot of people, both sides were taking it a little too far for their comfort level, and markets like certainty.” - Frances Newton Stacy “We statistically still don't know how many Americans are falling through the cracks because you don't know how many Americans are going to actually starve to death. We have the eviction moratorium expiring in December. We have the extended unemployment benefits expiring in December.” - Frances Newton Stacy “We're not going to be able to service all of that debt if interest rates are moving higher, and that's the reason that the FED would come in with yield curve control is because they would foresee the deflationary challenge coming from defaults if interest rates went up too far, too fast.” - Frances Newton Stacy “I don't know if some of the more progressive parts of the Democratic Party—if they should come into power—what their spending will look like around that issue and how they think about that issue versus how the moderates think about that issue. But I'm hoping that common sense prevails.” - Frances Newton Stacy “It's just hard. It's just hard to not go from one room to the other and sound very political because that is what people understand, that's the language that they speak, and that's the culture that we're living in. It's tough.” - Frances Newton Stacy   Resources: Frances Newton Stacy, Twitter Frances Newton Stacy, email: frances@optimalcapital.com Ray Dalio’s book “Big Debt Crisis”: https://www.amazon.com/gp/product/B07GLBHM48/ref=dbs_a_def_rwt_bibl_vppi_i1

Big Mike Fund Podcast

079: What the Post-Election Market looks like from Trends to Market Projections with Frances Newton Stacy

On this episode of the Big Mike Fund, I’m happy to welcome a brother from theCollective Genius Mastermind and the Freedom Founders Mastermind, Marck De Lautour. He works in redevelopment projects, commercial deals, as well as turnkey properties. Today we’re focusing on various aspects of Marck’s specialities including his process in acquiring new products, his business practices, historic building conversions, and building new turnkey range affordable housing. Marck also introduces the topic of container homes and talks about his 7-14-300 method.   Minute Markers: 00:20 - Hello and Welcome 00:37 - Marck Introduction 04:20 - Cash flow in appreciation, Marck’s business practices 12:00 - Specificities about the market: sales price and rent prices 16:07 - Real estate is still a business 18:20 - Where Marck finds his supply of product 21:22 - Building new turnkey range affordable housing 22:40 - Historic building conversion 24:35 - Container homes 27:10 - Contacting Marck 28:07 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “Then, I flipped my house in Kansas City while I was getting my MBA. Just flipped my first house and kind of stumbled into a decent profit. I thought, well, why go sit behind a desk making $40,000 or $50,000 a year when I could have some fun?” - Marck De Lautour “When the student is ready, the teacher appears. I believe that the same could be said for the marketplace. When the market is ready, the entrepreneur appears.” - Marck De Lautour “I joke that the best exit strategy for real estate is to never exit. Our investors value the fact that they have a high-quality asset in a better area. The caveat to that is you have to manage it effectively over time. The two big killers of cash flow, as you know, Mike, are vacancy and maintenance. Those are completely controlled by having dialed in property management.” - Marck De Lautour “We call it the 7-14-300. We have a 7% yield or cap rate, a 14% cash on cash return minimum, and a $300 per month minimum cash flow. We will not sell an asset if it doesn't clear those hurdles. That's kind of our minimum financial criteria for every asset.” - Marck De Lautour “The old container homes are getting repurposed. They are all steel. You can actually use that as a shell rather than building with wood and frame. You can actually cut the sides off and put them two together. You can get a thousand square foot home inside one of these container ships. It's quite amazing what the finished product and how amazingly homey it feels.” - Marck De Lautour   Resources: Amazon: MISTAKE FREE REAL ESTATE: A passive investor's guide to winning with rentals Marck’s landing page: mistakefreerealestate.com

078: Specificities About the Market: sales and rent prices with Marck de Lautour

On this episode of the Big Mike Fund, I’m happy to welcome back Eric Goodman. Full disclosure, we invested with Eric from a couple of our funds—from Tempo Opportunity and Tempo Growth into Goodman Capital Fund too. We love working with Eric. He's a brilliant and intelligent guy and is a managing partner at Goodman Capital LLC. Today we’re talking about investments in the post-COVID world, specifically in New York. We go over interesting opportunities that have arisen because of COVID, risk assets, as well as glance at Eric’s crystal ball as he gives his predictions for future investment opportunities. Eric also talks about the effects of the CARES Act.   Minute Markers: 00:20 - Hello and Welcome 01:45 - New York and investments during and post-COVID 07:11 - Difference between investments and risk assets (at risk of financial default) 13:50 - Eric’s crystal ball (his predictions for investment opportunities and his investments) 21:30 - Interesting opportunities because of the effects of COVID 25:37 - What’s happening at Goodman Capital LLC 28:15 - Reaching out to Eric 29:25 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “What you don't hear as much about is a lot of the big tech moving into the city—Amazon, Facebook, Google, Apple, and all those big players. You look at just last month, Facebook took over the former US Post Office. A lot of 730,000 square feet. They took over the Farley Post Office. They now occupy over 2 million square feet.” - Eric Goodman “These periods of market uncertainty generally create limited periods of limited access of capital for two types of end-users. There are borrowers who have approaching loan maturities and they're in need of a refi, but then don't forget the other side of the coin.” - Eric Goodman “But there's good news and there's a silver lining to the story. That is, under the CARES Act, the TDR and non-accrual exemption lasts only until the earlier of 12/31 of this year, or 60 days after the designation of COVID is no longer a national emergency.” - Eric Goodman “There are many tax favorable treatments for leasing up and not executing a condo plan and providing that our loan basis is at the right investment's value threshold. That can be a very attractive investment to own as a rental refi and hold until the market turns.” - Eric Goodman   Resources: Eric Goodman email: invest@goodmancapitalllc.com Goodman Capital LLC

077: What's Happening With NYC Commercial Real Estate in the Post COVID World and the Upcoming Opportunities in the Distressed Commercial Debt

On this episode of the Big Mike Fund, we’re talking with California-born and Oregon-native Matt Burk. Matt is the founder and CEO of Fairway America as well as Verivest, a fund administration company. Today we’re talking about the opportunities for the rest of Q4 2020 and beyond. Matt also gives us his expertise about terms in the industry (for example, fund versus syndication) in addition to defining what a good deal is and how it can become a great deal. He gives us a little insight on Fairway America and the Verivest platform as well. Matt founded Fairway Financial Services, Inc. in 1992 and has led Fairway’s investment team for more than 28 years. He began his career in real estate finance in 1986 after graduating from the University of California, Davis with a degree in economics. His extensive experience has provided him with wide-ranging exposure and deep expertise in a broad array of real estate asset classes, structured finance, distressed debt acquisition and disposition, and open- and closed-ended 506 Regulation D funds.   Minute Markers: 00:20 - Hello and Welcome 00:37 - A little about Matt Burk 02:00 - The story of Fairway America 06:15 - The difference between investing in a fund versus syndication 09:50 - COVID and opportunities 14:26 - How can a good deal become a great deal? 20:00 - Other opportunities 27:00 - The Verivest platform 29:50 - The importance of verified sponsors 32:55 - Reaching out to Matt 33:45 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “I think repurposing is a big opportunity. I think there's opportunity in smaller deals that are below the typical institutional size. There's fewer players that are going to come in and bid up prices, so some of the middle market entrepreneurs can take advantage of some pretty attractive cap rates.” - Matt Burk “That's what we try to strive for in making good decisions—so that when things don't go well, you can live with it and move on. But it is nice when they do go well and you get to kind of a place, we're at least under LOI right now.” - Matt Burk “If you look across the board in storage, the amount of supply that's come on line the last few years has been significant. There is a, I call it, macro level supply issue that is putting downward pressure on rents. In the storage business, it's very much a microbusiness.” - Matt Burk “Since the shell is already there, if it's in good condition, your cost of build out is much less than building it from the ground up. The thesis is you get in at 60–70% of what you can get in from the ground up. You end up with a Class A facility on a major arterial with a lot of traffic count and an infill location with limited supply..” - Matt Burk “Once you start going through the process of verifying and monitoring your ongoing performance, it makes it that much easier for you to gain credibility with your investors on the front end. It's super inexpensive and affordable to be able to do..” - Matt Burk   Resources: Matt Burk email: mark.burk@fairwayamerica.com

076: The Difference Between Investing in a Fund Versus Syndication With Matt Burk

It’s my pleasure and privilege to have with me today Haley Gant an IRA Specialist at Quest IRA, Inc. As an IRA Specialist, it is Haley’s role to help educate investors on how they can use a Self-Directed IRA for their real estate investments, either passive or active, to earn tax-free returns into their retirement account. It is a phenomenal company and we love working with Quest. We’ve done a few webinars with Haley and love working with her as well.  Today we’re talking about self-directed IRAs, UBIT, Roth IRAs, and prohibited transactions when it comes to IRAs. Haley shares her knowledge on these topics as well as a few others. We delve deep into what Quest can offer you and the perks of IRA investments.   Minute Markers: 00:20 - Hello and Welcome 01:00 - A little about Haley Gant 02:24 - What are self-directed IRAs? 07:15 - The basics about UBIT (unrelated business income tax) 16:38 - Traditional IRA versus Roth IRA: Converting Investments 27:30 - What’s the process for converting? 33:00 - Prohibited transactions 39:00 - Final comments, Reaching out to Quest 41:38 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “There are certain types of investments, such as owning debt leverage property in the IRA, investing in a pass-through entity that is owning debt leverage property in the IRA, or if your IRA is investing in an ongoing trader business.” - Haley Gant “We see a lot of people do cash conversions because sometimes that can be a little bit simpler. You don’t have to nail down a hard value of that asset as if you’re converting the actual asset.” - Haley Gant “Once you know the smallest of things that you can’t do with your IRA, now there’s this whole other world of opportunity of the things that you can do with your IRA. You just can’t use your IRA, again, to invest in your own business.” - Haley Gant “You can’t benefit from your own IRA investments. You can certainly self-direct it and choose what type of investments go into that account. You just can’t personally be benefiting from those investments.” - Haley Gant “As much as I hate to say this, there’s very little predictability in the stock market. While in real estate, there’s a lot of predictability—not guaranteed, but you could see what’s happening.” - Mike Zlotnik   Resources: Haley Gant, LinkedIn Podcast.Questtrust.com Quest Trust Company website

075: Traditional IRA versus Roth IRA: Converting Investments with Haley Gant

Welcome to The Big Mike Fund Podcast. It’s my pleasure and privilege to welcome back to the show, Chris Miles who is an Infinite Banking expert. Today we’ll be talking about what life insurance is, the trends in the market, different forms of life insurance, and we’ll briefly touch on the stock market and other types of investments. Chris Miles, is the “Cash Flow Expert.” He is a leading authority on how to create cash flow and lasting wealth for thousands of his clients, entrepreneurs, and others internationally. After working as a traditional financial advisor and stock coach for several years, Chris came to a stark realization that the financial advising industry was not showing anyone how to quickly and safely become financially prosperous today. After leaving that industry, he was able to retire when he was 28, and has since worked to teach his effective, unique strategies, for companies like Freedom Fast Track and Garrett Gunderson, and now Money Ripples, while exposing the popular myths around money that have kept so many from enjoying financial freedom and peace of mind.   Minute Markers: 00:22 - Hello and Welcome 01:00 - Current state of real estate and the stock market 02:00 - Chris’ background and family life 03:50 - Infinite banking 07:23 - Whole Life Insurance and Reinsurance 11:00 - Negative interest rates 12:40 - Trends of life insurance companies 13:50 - Reaching Chris 15:10 - Financial planning 20:00 - What’s wrong with the stock market 23:30 - Real estate, leverage, and IRAs 30:00 - Legacy and life insurance 32:40 - Walt Disney World and the misconception of life insurance 37:55 - Conclusion and final thoughts 39:48 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “Infinite banking is just a fancy term that people use to let your money flow in and out of life insurance, specifically whole life. What most people don't realize—most people all know what term is. It's death insurance. You pay into it, you die, and you finally get paid. Actually, you don't. Your heirs get paid. You get nothing. You're dead.” – Chris Miles “I would agree with the trend, that as rates are very low, life insurance companies can only pay lower returns. If they go into negative, it'll be a little bit less. The primary benefit is not just the 4.5%, 5%, or even 5.5% return, but it's access to the capital and ability to take action with that cash. You're basically self banking.” – Chris Miles “You might find a rapper. A little kid rapper that's named Chris Miles. That is not me, I promise.” – Chris Miles “Here's the thing I can promise you. There is no product offered by a financial adviser, including life insurance, that will make you financially free..” – Chris Miles “That's why I'm the anti because I'm against mutual funds, from the standpoint of trying to retire off of them and that sort of thing. If you want to have some in your portfolio, fine. But don't bank on that. You do need help, and that's where finding someone who can say, ‘Hey, let's look at your whole picture here. Where do we find money,’ and ‘How do we turn out a way to help you make more?’” – Chris Miles “That's one of the problems with the stock markets. One of the major problems, the Ps being so high th

074: How to Achieve Financial Freedom Through Life Insurance and Other Investments With Chris Miles

On today’s episode, I’m talking with Steve Wible. Steve is a Marine Corps veteran with a deep background in real estate sales, flipping and property management, print manufacturing, and of course, building and obtaining business credit. He has founded and led multiple successful companies and had as many as 300+ rental properties in his portfolio. Our conversation today is about business credit, fundability factors, credit rate terminology, and about COVID and how it has affected lending and credit scores.   Minute Markers: 00:20 - Hello and Welcome 01:06 - A little about Steve 03:00 - Fundability factors 06:30 - The process of how Steve works with clients 08:00 - Business versus Personal Credit Card 12:35 - Where do people get credit today? 15:35 - Cash flow financing 18:00 - Typical terms on introductory rate credit cards 21:50 - Where to find Steve’s services 24:00 - How does the government know how to run your business? 27:00 - Final comments, Final thoughts 30:43 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “Take advantage of [gas cards] and use it and build your business profile. First of all, you’re not using your personal credit. The utilization directly impacts your personal credit score. The less you use it, the stronger your score will be. So it’s there when you really need it.” - Steve WIble “Anyone who lived through ‘08, we’ve seen this before. We know what the end result is. In the end, [a lender’s] job is to lend money.” - Steve WIble “[CreditSuite] is not a sales company, we want to educate first. If you’re unsure, just reach out” - Steve WIble “It’s been very difficult to operate in a government mandated and regulated environment.” - Mike Zlotnik “COVID has differentiated between the winners and the losers in a very big way.” - Mike Zlotnik   Resources: LinkedIn: Steve Wible Office phone: 1-877-600-2487 Website: CreditSuite

073: Building and Obtaining Business Credit With Steve Wible

Welcome to The Big Mike Fund Podcast. Today, it is my pleasure and a privilege to welcome Jake Vanderslice to the podcast. Jake is a specialist in self-storage and is also a brother from the Freedom Founders Mastermind as well as the Collective Genius Mastermind. In this episode Jake and I talk about the process, benefits, and the state of investing in self-storage, how Denver is holding up in the pandemic, and interest rates and cap rates.   Minute Markers: 00:20 - Hello and Welcome 00:30 - Jake Vanderslice introduction and backstory 03:08 - The value in investing in existing self-storage facilities 04:00 - The length of time for the process of leasing a facility and getting it ready 05:00 - The benefits of self-storage 06:45 - Jake’s first and second fund 08:14 - Distributions on Jake’s first fund 11:54 - REITs and cap rates 14:50 - Rising interest rates 16:00 - Denver, COVID, and their status 19:30 - The risk of oversupply and the challenge of retail conversions 22:20 - Getting a hold of Jake 22:58 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “We got into the self storage business in 2015 with some institutional partners. We liked the space because it's scalable, repeatable, and predictable. The data at the time suggested that it was historically resistant to downturns.” – Jake Vanderslice “One of the main things we like about the asset classes, the granularity of the income streams, you're relying on (in our case) thousands of people to pay us tiny bits of rent every month. Versus in retail projects, for example, we have a brewery paying us $15,000 a month and they're going to pay or not.” – Jake Vanderslice “The old adage that cash is king is still important, but I think today cash flow is king, and people just really want predictable repeatable dividends. If you can create that that's compelling” – Jake Vanderslice “Commercial banks are still lending. We really haven't seen any other changes beyond just our maturity dates and that 4% on our interest rates.” – Jake Vanderslice “The thesis is this as the interest rates drop, the cap rates should match. Directionally, we have COVID which is terrible. It's a pandemic and we’re all suffering health-wise and economically, but on the other side, you've got drop rates. What the Fed has done is created an environment where investors are willing to take lower cap rates because the cost of capital is cheap.”  – Mike Zlotnik “We're dealing with a yield-starved environment with rates having trouble to where they are. There are really no great alternatives to Wall Street. The fund yields are very low unless you're dealing with really junk bonds and you're buying into high-risk stuff, or if you are looking for conservative cash flow. It's hard to find..” – Mike Zlotnik   Resources: Vanwest Partners Jake Vanderslice LinkedIn

072: The Value in Investing in Self-Storage Facilities With Jake Vanderslice

Welcome to The Big Mike Fund Podcast. Today it is my privilege and a pleasure to have Fuquan Bilal. Fuquan and I are good friends and are in a couple of masterminds together (The Collective Genius and The Freedom Founders). He has been doing fix and flips and rentals in New Jersey for the past 20 years. In this episode we’re talking about his experience in the real estate business, trends, what the post-COVID environments might look like, the stigma of Section 8, emotional equity, and so much more.   Minute Markers: 00:20 – Welcome to the Big Mike Fund Podcast 01:00 - Fuquan’s background 02:00 - Notes, Impact Investing, and mixed strategy 04:00 - Buy and Hold 05:30 - Fuquan’s returns for investors 07:00 - The stigma of Section 8 and government checks 08:20 - Managers, management, and self-management 13:15 - Cap rates 16:00 - Post-COVID environment, city life, and shifts in trends 19:00 - Emotional equity 21:40 - Investing in small notes, how much sweat is worth 26:10 - How to get a hold of Fuquan 26:34 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “It is impact investing. You're able to help the owner stay in their house and essentially, you become the bank. That’s what I like about it. It’s another area where I was able to help people and make a profit.” – Fuquan Bilal “I think that the big stigma behind Section 8 and low-income housing and government-backed programs was that the quality of the people wasn’t good as the ideal tenant, but there are some good people working and getting assistance, and there are some people who only pay a portion of the rent, and then the government pays a portion. They actually work.” – Fuquan Bilal “When we set up systems and processes, it makes it easier to manage data than manage people.” – Fuquan Bilal “I'm a seconds guy. We buy a lot of seconds. We buy first also. We invest in seconds that started off with second mortgages. I think it's a really great investment if you know how to manage it.” – Fuquan Bilal “As the market matured and as the prices increased, the efficiency had to increase. If you don't get your automation efficiency, you die. You can't survive in there because the returns are lower unless you can better use your time, it’s not a profitable business.” – Mike Zlotnik   Resources: Fuquan email: fbilal@nngcapitalfund.com Website: NNG Capital Fund

071: The Stigma of Section 8 and Government Checks With Fuquan Bilal

Welcome to The Big Mike Fund Podcast. Today I’m chatting with Charles Dobens, a multi-family attorney. His personal mission statement is to help investors buy multi-family projects the right way. He talks about coaching, his views on the future of the market, his points of interaction in the process of multi-family property investments, and why this is his passion.   Minute Markers: 00:20 – Hello and welcome 01:00 - A bit about Charles and his passion 05:00 - The points of interaction with multi-family acquisitions 07:30 - Coaching 12:30 - Examples of mistakes investors make with letters of intent 19:20 - Personal story about partnerships in business 22:00 - Politics 25:10 - How Charles coaches his students 28:30 - C-class properties and markets with good cash flow 31:30 - Workforce Housing 34:20 - Getting a hold of Charles 35:34 - Thank you for listening to the Big Mike Fund podcast   Quotes: “After it happens, there’s not a whole lot I can do for you but before it happens, I can walk you through the minefield and make sure you’re protected and you do everything the right way.” – Charles Dobens “I love it so much because it’s so logical. Being in the multifamily business and being a lawyer, you just like logic..” – Charles Dobens “Multifamily investing is not about real estate. It’s about building a business that invests in multi-family property. You’ve got to build that business the right way, then that runs your life and provides you the lifestyle that you need.” – Charles Dobens “Plan the divorce before you get married with a partnership.” – Charles Dobens “Careful who you partner with. If you partner with an idiot, you’re stuck with an idiot.” – Mike Zlotnik   Resources: Multifamily Investing Academy Dobens Law - Boutique Law Firm Specializing in Multi-Family Investing Twitter: @cdomebslaw Email: info@multifamilyinvestingacademy.com

070: The Points of Interaction With Multi-Family Acquisitions

Welcome to The Big Mike Fund Podcast. Today it is my pleasure to have Robert Nickell here on the show with me. Rob is another brother from the Collective Genius Mastermind. He’s also known as the “Master Blaster of the Virtual Assistants.” While he is an expert in virtual staffing, it was his career in real estate that got him there. Today we’re talking about virtual staffing and virtual assistants, productivity, documenting processes, and Rob’s business, Rocket Station. Rob talks about how small businesses and large companies use virtual assistants and what sorts of things virtual assistants do.   Minute Markers: 00:20 - Welcome 01:00 - A little bit about Robert Nickell 03:20 - Living in a modern world/the need for virtual assistants 11:00 - VA work is scripted work 12:35 - VA productivity with small companies 14:00 - Documenting processes 20:30 - Staffing at VA Services 25:15 - Near-shoring and Out-shoring (outsourcing) 28:40 - The best way to reach Rob 30:38 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “It’s so easy now, for everything to be interconnected, whether you’re a small business with just a couple of people working in the day-to-day or you’re a publicly traded company. We all operate very similarly today.” – Robert Nickell “Most companies, they hire people, you sit next to a colleague, you just kinda watch people, you absorb through osmosis I call it, through just, kind of, working in there. After 2, 3, 4 months, you’ve been around it enough and watched enough that you get it. Even big companies don’t do a good job documenting processes.” – Robert Nickell “For us it starts with that system mapping, that process documentation. That creates the road map.” – Robert Nickell “We leverage things like cultural index and other profiling resources that are a big investment for our company but our clients are ultimately the ones that get to benefit from that.” – Robert Nickell “80% to 90% of the real estate business can be outsourced, whether that’s somebody locally, in your market, or overseas. It’s really easy to take marketing transaction coordination, disposition management, all the day-to-day admin, bookkeeping and accounting, reconciliation (month over month), there’s not really anything in real estate that can’t be done.” – Robert Nickell   Resources: Rocket Station Website Greg’s email address: Brooks@rocketstation.com

069: How Small Businesses and Large Companies Use Virtual Assistants with Robert Nickell

Welcome to The Big Mike Fund Podcast. Today it is my pleasure and a privilege to talk to friend and mastermind brother, Fernando Angelucci, a real estate and self-storage guru. In this episode we talk about self-storage trends, numbers, “eviction” (or in this case, lien) laws, and Fernando’s process. We’ll also chat about the future of self-storage and Fernando’s future projects and opportunities.   Minute Markers: 00:22 - Hello and Welcome 01:00 - Who is Fernando? 03:20 - Eviction and motivating renters to pay 05:25 - Absorption rate lease-up 07:00 - Self-Storage trends 09:00 - Fernando’s Self-storage “eviction” process 11:15 - Buying existing self-storage facilities 16:00 - Fernando’s new projects and opportunities 20:00 - Upcoming deals 23:50 - Bank loan interest rates 27:12 - Delinquencies and occupancy trends for self-storage 31:15 - The near future for self-storage and cap rates 33:00 - Getting in touch with Fernando 00:00 - Thank you for listening to the Big Mike Fund Podcast   Quotes: “Since the COVID pandemic started and really hit the United States, our occupancies across all of our facilities have actually increased. In some of the facilities where we thought we were at an artificial ceiling on occupancy, we've actually exceeded those levels. We're getting a lot of people coming into the self storage facilities. I think the main reason is self storage serves people in transition.” – Fernando Angelucci “For maybe every 1 development we do, we'll buy 10 cash-flowing existing self storage facilities to balance it.” – Fernando Angelucci “What we've noticed is unfortunately for the investors that own assets in the B- and below grade areas—West Side of Chicago, South Side of Chicago—their April 1st delinquencies were massive. Over 60%.” – Fernando Angelucci “When you have your non-sophisticated sellers (what I call the mom and pops) that may own one or two facilities, those cap rates for us are going through the roof. We're starting to make blanket offers on any facility that comes in before we even look at it. We're doing 10% plus cap rate offers and they're getting accepted.” – Fernando Angelucci “People are going to step down. Everybody's stepping down, so the demand for the affordable stuff is increasing while the high-end upgrades people just not. They're delaying their decisions because of uncertainty.” – Mike Zlotnik   Resources: LinkedIn: Fernando Angelucci  Titan Wealth Group website Twitter: @TheStorageStud The Storage Stud website

068: The Near Future for Self-Storage and Cap Rates With Fernando Angelucci

Welcome to The Big Mike Fund Podcast. Today I’m talking to Mike Fitzgerald, who lives in (and owns a large portion of) a small town just outside of DC. In this episode we talk about his town of Hagerstown, preparations for the future of the market, what a credibility site is, and we even have a short political discussion on voting for people and not just on party lines.  Minute Markers: 00:20 - Welcome to the Big Mike Fund Podcast 00:40 - A bit about Mike Fitzgerald and Hagerstown, MD 04:57 - Mike’s formula for success in real estate 06:35 - “Rehab” projects 08:08 - Preparations for economic downturn 11:30 - Mike’s thoughts on the future of the market 12:25 - The connection of legalizing marijuana to the recession and the market 13:50 - The basics and value of investing 14:20 - Hagerstown investments 18:45 - Credibility site 20:00 - Political discussion: voting for the people, not the party 22:14 - Advice for real estate investors or people interested in real estate 24:00 - How to get in contact with Mike Fitzgerald 24:46 - Thank you for listening to The Big Mike Fund podcast   Quotes: “Taking action. Moving forward and taking action and not accepting ‘No’ as an answer.” – Mike Fitzgerald, on his formula for success “I think we’re due for a recession but I don’t think we’re going to get one for another two years.” – Mike Fitzgerald  “Although I vote (a lot of times) republican, I don’t always vote party line.” – Mike Fitzgerald  “It’s not about what makes you happy for a minute, it’s about what makes you fulfilled for a lifetime.” – Mike Fitzgerald “That’s actually a great point. The person matters, especially if they are sufficiently independent and if they have great individual thoughts.” – Mike Zlotnik “Yeah, it’s a difficult time for middle-of-the-road people. They don’t seem to appeal to the extremes and the extremes on both sides seem to be dominating each party.” – Mike Zlotnik   Resources: Gideon Properties Michael T. Fitzgerald credibility site (Password: abc) Article referred in show: “City developer wants to make downtown Hagerstown 'great again'”

067: The Basics and Value of Investing With Mike Fitzgerald

How to Chose a SMART Real Estate Investing Fund: (Private Money, REITS, Equity, Structure, Tax). Investing in Real Estate Private Equity: Smartest Guide to Real Estate Partnerships, Funds, Joint Ventures & Crowdfunding. Inspiration by Nick Jevic, Sean Cook, Jason Hartman, Robert Kiyosaki, Joe Fairless, Than Merrill, Bigger Pockets