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The Source of Commercial Real Estate

Latest episodes

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Mar 21, 2024 • 40min

Decades of Success Flipping America with Roger Blankenship

Roger Blankenship  is host of the real estate podcast, “Flipping America,” and is often called the “Flipping America Guy.” The Flipping America show has been ranked in the top ten business podcasts in multiple surveys and REIkit has judged it the top real estate investing podcast in each of the past two years.  Roger is an international bestselling author, educator, motivational and inspirational speaker, and business leader. He has personally fixed and flipped more than 2000 houses and has been a part of hundreds more real estate transactions. In 2020 he founded the Flipping America REIA which grew to more than 40 local chapters across the country with over 20,000 members. In 2024, he combined the REIA with a trading and technology platform rebranded as the Flipping America Network. Members easily access online training and coaching and have access to an investment property trading platform. Learn more at flippingamerica.net. Roger has undergraduate degrees in Theology and Speech and graduate degrees in Education and Psychology. (He also minored in music!) It’s almost like he couldn’t decide what he wanted to be when he grew up. He will tell you this is true. He will also tell you that although he uses some of the things he learned in college, the true value of that education was in learning how to think. That skill is the key to learning business and real estate. Connect with Roger:www.flippingamerica.netTakeawaysReal estate investing can be a viable career path for those with a willingness to learn and take action.Finding deals requires talking to a lot of people and being open to creative strategies.Mindset plays a crucial role in overcoming obstacles and achieving success in real estate.Building a network and learning from experienced investors can accelerate growth and provide valuable insights.Taking the first step and getting involved in a deal is more important than waiting for the perfect conditions.Chapters00:00Introduction and Background01:30Getting Started in Real Estate05:08First Real Estate Deals08:28Transition to Rental Properties09:30Current Real Estate Work11:03Creative Real Estate Deals14:40Flipping America Network19:31Authoring Real Estate Books22:56Factors Holding People Back from Real Estate27:04Mindset and Taking Action34:23Best and Worst Real Estate Deals37:55Tips for Finding Deals40:17Recommended Resources40:45Conclusion and Contact InformationClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
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Mar 18, 2024 • 56min

Zero Debt Class B Industrial Deals in Chicago with Joel Friedland

A discussion with Joel Friedland about his zero debt strategy in Class B industrial real estate deals in Chicago. He shares insights on avoiding excessive debt, investing in single tenant properties, and building relationships with high net worth individuals. Joel's approach caters to wealthy investors focused on principal conservation.
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Mar 14, 2024 • 31min

The 5 Laws of Stratospheric Success with The Go Giver co-author Bob Burg

Learn about the 5 Laws of Stratospheric Success with The Go Giver co-author Bob Burg. Topics include value, compensation, influence, authenticity, and receptivity. Discover why increasing income is counter-intuitive and why serving others should be the priority. Mentorship, feedback, and personal growth also play a significant role in achieving success.
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Mar 11, 2024 • 30min

Opportunities in Early Education Assets with Milo Spector

In this episode, Jonathan talks with Milo Spector about opportunities for investors with early childhood assets. The two discuss opportunities for value-add, what makes a good tenant, and due diligence items. Some blue-chip tenants in this asset class include Kindercare, Learning Care Group, Busy Bees, and Bright Horizons. Connect with Milo:https://www.linkedin.com/in/milospector/TakeawaysThe early education asset class, which includes childcare and preschool centers, has gained increased interest due to its essential nature and the realization of its importance during the pandemic.Investors should consider the creditworthiness of the tenants, lease terms, location demographics, and financials when evaluating early education properties.Strong guarantors in the early education asset class include well-known operators like KinderCare, Learning Care Group, and Busy Bees.State programs that provide funding for early education can impact the demand for these assets, but it is important to consider the level of subsidy and the fit of the brand within the community.Investors should conduct thorough due diligence, including analyzing enrollment trends, property condition, and potential value-add opportunities.There is demand for vacant early education properties, especially from operators looking to expand their presence in certain areas.Investors should be aware of the nuances of debt financing in the early education asset class, including the prevalence of recourse debt and lower loan-to-value ratios.The future outlook for the early education asset class is positive, with increasing demand and potential for growth in certain markets.Chapters00:00Introduction and Background03:00Defining Early Education Assets04:17Impact of the Pandemic on Child Education Assets06:12Increased Interest in the Early Education Asset Class08:41Nuances of Valuing Early Childhood Properties10:45Lease Expectations for Early Education Assets12:08Strong Guarantors in the Early Education Asset Class13:48State Programs and Their Impact on Child Education Assets16:40Due Diligence for Early Education Asset Investments18:26Value-Add Opportunities in the Early Education Asset Class20:16Demand for Vacant Early Education Properties22:34Analyzing Supply and Demand in the Early Education Market24:30Higher Barrier to Entry Markets and Potential Opportunities27:37Considerations for Debt Financing in the Early Education Asset Class29:34Future Outlook and Connecting with Milo SpektorClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
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Mar 7, 2024 • 29min

Raising Capital Efficiently Using VAs with Dr. Alex Tam

Dr. Alex Tam discusses raising capital efficiently using 12 VAs, targeting medical professionals as limited partners. He emphasizes building relationships through mastermind groups, doctor networking groups, and proper training for VAs. Mindset is key for success in business and real estate. Find out more about his strategies and experiences in this insightful podcast.
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Mar 4, 2024 • 43min

$900m+ in Sale-Leaseback Industrial Assets with Drew Wahlgren

Discover how MAG Capital Partners acquires industrial assets through sale-leaseback, vetting tenants and aligning interests with full recourse debt. Explore the benefits of single tenant industrial properties, diversified investment strategies, and navigating tenant default in commercial real estate.
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Feb 29, 2024 • 29min

Jump on the Train: A Story of Perseverance and Inspiration

Listen to this inspiring conversation with Jerry Rosengarten, who has used incredible perseverance to overcome a disability to achieve entrepreneurial success. Gerald Rosengarten is a Brooklyn-born serial entrepreneur whose greatest skill is an extraordinary ability to perceive form and structure–and opportunity–from within disorder, including developing products to deal with dyslexia, reimagining real estate, and investing early and heavily in solar energy. Rosengarten’s life of invention has led to substantial commercial success. His first big hit came in the 1970s with the leisure suit, which became a cultural fashion phenomenon that stoked his confidence and staked his growing desire to build landmark New York projects like the Lofts and the A-list destination, The Bowery Hotel. Today, Rosengarten owns one of the largest private solar farms in the Northeast, located on Long Island's eastern tip, and his creative passions are focused on environmental stewardship and active advocacy for those suffering from learning disabilities.Connect with Jerry:https://www.linkedin.com/in/gerald-rosengarten-0b90831b/Click to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
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Feb 26, 2024 • 41min

The Best Financing Option You Don't Know About with Ethan Elser

In this conversation, Jonathan talks with Ethan Elser with PACE Equity. PACE specializes in providing commercial real state financing through a public/ private partnership called C-PACE. With flexible capabilities and attractive terms, Jonathan and Ethan discuss the ins and outs of why PACE Equity might be able to be a part of the capital stack to your next deal. Ethan Elser, Sr. is the Executive Vice President and a principal of PACE Equity, the leading funding of CPACE for commercial real estate development projects in the country. PACE Equity is known for both pioneering several innovations in CPACE, including ground up construction, as well as providing its clients a turnkey solution for all the CPACE requirements.Ethan oversees the company’s 25+ state origination platform and underwriting, sitting on the firm’s investment committee. He is responsible for the underwriting & structuring of all PACE Equity’s projects and collaborates with owners, developers, brokers, lenders and public officials. Prior to joining PACE Equity, Ethan managed a family real estate investment office and was an asset manager for receivership/REO portfolios for banks. Connect with PACE Equity:https://www.pace-equity.com/TakeawaysC-PACE financing is a financing tool that allows property owners to fund energy-efficient and renewable energy improvements through a voluntary assessment on their property tax bill.C-PACE financing can be used for a wide range of projects and improvements, including HVAC upgrades, solar panel installations, and energy-efficient lighting.Pace Equity offers a turnkey solution for C-PACE financing, providing underwriting, structuring, and origination services.C-PACE financing can be a flexible and attractive option for real estate investors, offering long-term, fixed-rate financing with no upfront costs.Chapters00:00Introduction to Pace Equity and C-PACE Financing06:48Ethan's Background and Work at Pace Equity07:15Understanding C-PACE Financing09:50Types of Projects and Improvements Eligible for C-PACE Financing14:09Assets Eligible for C-PACE Financing15:12The Process of C-PACE Financing20:47Project Characteristics Unsuitable for C-PACE Financing23:59Pace Equity's Value Proposition29:28Case Study: Recent Interesting Deal34:38Opportunities for Bridge Lenders35:08Misunderstandings about C-PACE Financing37:34Conclusion and How to Learn MoreClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
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Feb 22, 2024 • 42min

Using Location Data To Make Better Investing Decisions

Thomas is obsessed with developing data-driven solutions designed to improve the way retailers and real estate make data-driven business decisions.He started Unacast with his co-founder, KJ ,to help businesses gain an in-depth understanding of how people move around the planet.Since its inception, Unacast has raised +$50m from VCs and has been awarded multiple awards for our tech platform to enable companies in retail, real estate, finance, and telcos to optimize their investment strategies and retail operations.Prior to Unacast, Thomas was a part of the early team at the music streaming service TIDAL (crazy ride), which was acquired by Jay Z in 2014. "I love what I do and regularly share my opinion on tech and startups as a member of the Forbes Technology Council or in Inc. Magazine, Business Insider, The New York Times, and Wall Street Journal."Connect with Thomas:www.unacast.comhttps://www.linkedin.com/in/thomaswalle/TakeawaysUnicast provides data-driven solutions to help retailers and real estate investors make better decisions.The company collects data from various sources, including GPS data from cell phones, to understand people's movement patterns.Unicast offers a dashboard and data feeds to provide insights on foot traffic, demographics, and neighborhood performance.Transparency and accuracy are key values for Unicast, setting it apart from competitors.Generative AI is used to bridge the gap between data and narratives, making it easier for users to interpret and make decisions based on the data.Chapters00:00Introduction to Thomas Walley and Unicast02:32The Purpose of Unicast and its Data Sources04:08The Inspiration Behind Unicast06:16The Problem Unicast Solves for Investors and Retailers08:39How Unicast Provides Data to Real Estate Investors10:39The Unicast Dashboard and Data Features12:37Differentiating Unicast from Competitors15:24Data Sources and Accuracy of Unicast17:31Analyzing Trends and Granularity of Unicast Data21:37Ensuring Data Quality and Efficacy24:42The Power of Generative AI in Unicast28:24The Advantage of Unicast's Norwegian-American Background34:48Raising Capital and Building Trust39:18The Future of UnicastClick to text the show! Email Jonathan with comments or suggestions:podcast@thesourcecre.comOr visit the webpage:www.thesourcecre.com*Some or all of the show notes may have been generated using AI tools.
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Feb 20, 2024 • 49min

Everyday CRE: Axe Throwing, Doing Deals, Goods in the Woods, Tim Ferriss Rec

In this podcast, Jonathan and Mike discuss topics like organizing unique CRE meetups, closing a medical office deal in Michigan, the benefits of doing small deals, and their top two recommendations. They also touch on the importance of reading books and podcasts for success, achieving wealth through multiple streams of passive income in real estate, and budgeting tools for financial management.

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