Recorded at the AmeriCatalyst Conference in Austin, this episode of The Investability Podcast features special guest Laurie Goodman, Codirector of Housing Finance Policy Center at the Urban Institute. The show kicks off with a question of demand - does Laurie see any factors that would curb demand for rental properties? Quick to respond with no, she notes that while the projected rate of homeownership in the US is expected to slow, it’s still on a continued decline. Mortgage credit is still extremely tight, demographics are shifting in support of lower homeownership rates and the minority population is growing.
This week’s episode of The Investability Podcast features industry analyst, John Pawlowski of Green Street Advisors. The firm is a provider of real estate data and analytics, tracking overall real estate market conditions. John’s focus includes coverage of the apartment and single-family rental market sectors. Working closely with large REITs in the space, John offers valuable insight into current trends as well as predictions on where the space is headed.
Topics: real estate trends,
In this episode of The Investability Podcast, Dennis interviews industry expert Ted Farry. Ted is the SVP of Operations at True Investments, a single-family investment firm based out of Newport Beach, CA. He has been an integral role in helping grow the True Investments portfolio to over 1,000 rental properties in high yielding, working class, high volume markets. True realized early on that SFR investing offered the most compelling opportunity for high yield, long term cash flow. The firm has since invested in a variety of markets, identifying Dallas, Cincinnati, Pittsburgh and Memphis for top investment returns.
Topics: Invest in Real Estate
In this episode of The Investability Podcast, Dennis interviews Jim Athanasopoulos, CEO of National Home Rentals. Jim began his career as a lawyer but began flipping properties on the side. As he ramped up his investments, he realized he was finding lucrative returns without the time commitment he faced in his role as an attorney. As lenders like B2R Finance and CoreVest entered the space, he also found it easier and easier to finance his investments.
Topics: buy and hold rental property
In this episode of The Investability Podcast, Dennis gives a thorough state of the market update for Q2 of 2017. He kicks off the episode by examining two main factors, gross domestic product (GDP) growth and the national unemployment rate. The GDP grew 2.6% in the second quarter, the 2nd highest increase since 2014. While the economy continues to remain in positive territory, it is still relatively spongy. Ideally, we would be seeing 2% growth consecutively over many quarters. However, because we don't have a single industry fueling that type of growth like we did pre-recession with the real estate industry we are seeing slower increases. Unemployment is currently hovering around 4.3%. Full employment is categorized at 6% so we are well below that number, however it does not account for underemployment, which is still rather high.
In this episode of The Investability Podcast, Dennis takes a deep dive into a part of the country recently gaining the attention of real estate investors - The Rust Belt. Formerly known as the Steel Belt, most states in the area like Michigan, Ohio, Indiana, western New York and Pennsylvania specialized in large scale manufacturing and consumer production in the early to mid 1900’s. Notable cities in the region include Cleveland, Detroit, Buffalo and Pittsburgh. As the U.S. experienced deindustrialization, those local markets started to decline and the Rust Belt name caught on, as these once powerful metro areas began to shrink rapidly.
In this episode of The Investability Podcast, Dennis covers what he sees as the five main prospective investor personas and how each can become an active real estate investor. No matter what persona you may fall into, it comes down to the amount of money and the amount of time you have to dedicate to your real estate investments. The younger you are, generally you have more time and less money. As you get older this starts to shift. You will find yourself with more money but often less time to dedicate to things outside of your work life. Traditionally, the real estate investor persona fit into one category - married Caucasian males over 55 years old with an annual income over $100,000. As the industry has evolved, the persona for who can participate in the space has evolved too. Dennis outlines the five persona types privy to real estate investing and gives advice to each.
In this episode of The Investability Podcast, Dennis discusses the evolution of the home buying and selling process and the role technology has played in this shift. As instant offer sites like Opendoor and OfferPad have entered and disrupted the marketplace, traditional real estate roles have begun to change. Agents no longer hold the secret sauce of data and MLS access to buyers and sellers, raising questions when it comes to justifying a 6% commission.
In today’s episode of The Investability Podcast, Dennis takes a sidestep from his typical topics of discussion to cover something new on the show: affordable housing. Not in the sense of income restricted dwellings, but rather a general lowering of home prices in rapidly appreciating markets across the U.S. As job and population growth spur demand, many parts of the country are struggling to keep up with affordable housing supply. Dennis starts the show with an example of how Google is tackling the affordability problem in Silicone Valley by partnering with a modular developer to build 300 units of short-term housing for employees on their campus.
In this episode of The Investability Podcast, Dennis takes a deep dive into one of the country’s highest yielding rental markets, Detroit. Recruiting the help of a local expert, the show features Al Beahn, Founder and CEO of Pioneer Homes, a Detroit-based turnkey investment firm. Before digging into the combined factors that have made Detroit one of the strongest rental markets in the US, Dennis kicks the show off with a brief explanation of Al’s background.