Lee Ripma – How To Find The Best Submarkets, Mitigate Risk, and Add Value

Lee Ripma – How To Find The Best Submarkets, Mitigate Risk, and Add Value

Lee Ripma is a Los Angeles-based scientist-turned-real estate investor and entrepreneur. She invests in out-of-state multifamily, manages ground-up construction in LA, and is launching a prop-tech tool called Vest Map.

Mark and Lee sit down to discuss the oldest rule in real estate, how to find the best submarkets, and mitigating your risks in new construction.

What You’ll Learn In Today’s Episode:

  • Know your submarkets! Once you identify the market you want to live in, you’ll need to find the best submarkets to invest in, that’s where prop-tech tools like Vestmap add massive value.
  • It’s location, location, location, not cash flow, cash flow, cashflow. Don’t chase cash flow into risky markets. The key is to find great locations, with population, income, and job growth. 
  • Mitigate your risk in development by finding an entitled property and using pre-fab construction to cut the time, and risk, down considerably.

Key Phrase:

“It’s like Legos. You design your project, and all the pieces are being built in a factory while you’re doing your site prep and pouring your foundations.” – Lee Ripma

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East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

Joe Fairless – The Path to $1 Billion, Lessons Learned Along The Way

Joe Fairless – The Path to $1 Billion, Lessons Learned Along The Way

Joe Fairless is a real estate titan. He’s a co-founder of Ashcroft Capital, which owns and operates over 10,000 units and has $1 billion in assets under management. He’s also co-founder of The Best Real Estate Investing Advice Ever Podcast and the Best Ever Real Estate Conference.

He’s a volunteer at the Crossroads Hospice, a Junior Achievement Board Member, and was recognized as Multifamily Investor of the Year by Think Realty Magazine.

What You’ll Learn In Today’s Episode:

  • The recipe for success in business, know what those who came before you did to succeed at the level you aspire to, the skillset that was required and how you can that.
  • Don’t just work on your business, work on yourself.
  • If you aspire to build multifamily wealth, keep your living expenses low.

Key Phrase:

“That requires more work, getting from zero to $10 million. That requires straight up hustle.” – Joe Fairless

Resources In Today’s Episode:

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East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

Jordan Moorhead – House Hacking, Avoiding Over-Renovating, and Playing to Your Strengths

Jordan Moorhead – House Hacking, Avoiding Over-Renovating, and Playing to Your Strengths

Jordan Moorhead is a house-hacker and multifamily investor (both actively and passively), a realtor, and the host of the Austin Real Estate Investing Podcast.

Mark and Jordan sit down to discuss the tremendous advantages of house-hacking, how to renovate just the right amount, and playing to your strengths. 

If you’d like to learn more about Jordan or investing in Austin, be sure to check out The Austin Real Estate Investing Podcast!

What You’ll Learn In Today’s Episode:

  • There’s no better way to get started with real estate investing than house-hacking, especially if you’re low on cash.
  • Don’t over-renovate. You need to have a good sense of the market and what renters will actually pay for.
  • Look for synergy and play to your strengths!

Key Phrase:

“I always had interest in it, just from the base level of, ‘hey, I think it would be a good idea to buy houses and have other people live there and pay for them.’ .” – Jordan Moorhead

Resources In Today’s Episode:

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East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

Carson Hess – Leaving the 9-to-5, Using Proptech to Level the Playing Field

Carson Hess – Leaving the 9-to-5, Using Proptech to Level the Playing Field

Carson Hess was a mechanical engineer designing railway systems in major cities before turning to real estate. Using his skills, he started a company called Development AI, artificial intelligence to help identify underutilized properties and reduce entitlement risk.

He’s also house hacking and investing passively in ground-up construction.

What You’ll Learn In Today’s Episode:

  • There’s no better way to get started with real estate investing than house-hacking, especially if you’re low on cash.
  • Don’t over-renovate. You need to have a good sense of the market and what renters will actually pay for.
  • Look for synergy and play to your strengths!

Key Phrase:

“I think where prop tech can really augment some individuals is in situations where maybe they don’t really have that deep market knowledge or deep industry connections.” – Carson Hess

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

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Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

Danny Monempour – From Broke Grad Student to Multifamily Mogul, Lessons Learned Over Decades-Long Career

Danny Monempour – From Broke Grad Student to Multifamily Mogul, Lessons Learned Over Decades-Long Career

Danny Monempour built a multifamily investment, management, and syndication company from scratch in one of the most competitive markets in the U.S. He’s the founder of Monem Corp, which operates 100+ properties from Venice Beach to LA, and has 50 team members. He’s also a guest lecturer with UCLA extension program and was featured in the new book Billion Dollar Portfolio.

Mark and Danny sit down to discuss the importance of keeping things simple, looking at obstacles as opportunities, and how to take a holistic approach to acquisitions.

 

What You’ll Learn In Today’s Episode:

  • Keep your structures simple. People don’t invest in what they don’t understand. Danny has closed on over 150 properties using roughly the same deal structure as he did on his first property.

  • Look for opportunities in seemingly difficult situations. Danny was able to find tremendous opportunity in the inefficiencies created by rent control, while other investors shied away. Danny was able to leverage that inefficiency to create outsized returns.

  • Don’t focus on just one metric when buying properties. Take a holistic approach and look for the outliers, whether good or bad, that force your hand.

Key Phrase:

“ If it wasn’t for rent control, I would not even be successful. I wouldn’t even be in business.” – Danny Monempour

Resources In Today’s Episode:

Books Mentioned In Today’s Podcast

 

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Parker Heights

Parker Heights

East Riverside SubmarketLocated just minutes from the Austin Central Business District, Oracle's new campus, and the...

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