Himalaya: Listen. Learn. Grow.

4.8K Ratings
Open In App
title

Restaurant RealEstate

Patrick

0
Followers
0
Plays
Restaurant RealEstate

Restaurant RealEstate

Patrick

0
Followers
0
Plays
OVERVIEWEPISODESYOU MAY ALSO LIKE

Details

About Us

A Podcast dedicated to growing your restaurant brand or real estate portfolio. This podcast is a no-fluff, straight to the point podcast. Unlike many other podcasters, I am in the restaurant and real estate industry. My family founded a small chain of restaurants known as Tudor's Biscuit World. Between me and my family, we have experience in small condo-conversions, vacation-rentals, small commercial strip centers, small multi-family, and a few flip-and-rents. Real Estate Side: We will interview both real estate investors and professionals.Restaurant: We will interview franchisers, founders, franchisees, portfolio owners of independent restaurants, executives, etc. Why Restaurants and Real Estate?- Both have been proven for thousands of years, and aren't going away.- Both are known for making millionaires.

Latest Episodes

Office Buildings and Developments with Phil Nelson

Phil Nelson, a die hard Thundering Herd fan, jumped into the real estate game at a young age. Phil started with a 3 plex while still in college. Phil partnered up with a friend (Jim Weiler) and grew a portfolio containing more than 125 units. Phil and Jim took a leap into commercial real estate starting with a development of an upscale unit complex. They later transitioned into doing deep rehab office building deals as well as other multi-unit commercial tenant deals! While we touch on Phil's beginnings, we dive deep into his experience with residential development and office buildings! Key TakeawaysBig lessons:- Know Your Market, Know Your Market, Know Your Market- Being slightly below market rent can lower expenses/stress and keep vacancy near 100%. - More units = more money to allocate to in-house management. - Have a great relationship with your local bank- Try to have potential commercial tenants lined up before purchase of a commercial building.- Understand potential commercial tenants needs- Opportunities are available even in less vibrant cities. - Buy for Cashflow- Renovate in pieces. Mitigate your risk. Biggest Mistake:- Trying to get the very best price. (Know when a deal is fair)Pros of development vs rehabbing existing properties:- Do not have the constraints that many older buildings have (ceiling heights, can't always knock down walls, etc)- Can develop/build for today's consumer tastesWhy Phil dove into real estate:- The attractiveness of real estate. Collecting rents from residents that pay your operating expenses, your mortgage, and you- Became too tiring to do it part-time with a small portfolio. How investing in commercial differs from small residential - Can be more difficult to fill units - much less maintenance/supervision/hands on- can be much more passiveWhy Phil doesn't hire 3rd party management:- Feels comfortable managing his own properties.- Better cashflow - Better response rate to tenantsWhat's next for Phil:- Building a house- Continue renovating commercial properties!!

63 MIN2019 AUG 29
Comments
Office Buildings and Developments with Phil Nelson

The Ultimate House Hack with Zach Alderman

Everyone has heard of house hacking a multifamily property. But can you house-hack a single-family?Absolutely! In fact, it can be better with a single family.Zach, a recent Marshall University graduate, purchased a foreclosed property for a very low price in a nicer neighborhood. With the help of a contractor and a lot of sweat equity, Zach rehabbed the home for quite a low amount of money. Zach ended up creating about 100K in equity! His plan is to live in the property for 2 years and rent out 2 bedrooms to his friends.Learn some of the ins and outs of foreclosures.Learn how to avoid taxes on profit completely (Besides 1031 tax free exchange)Learn different types of mortgagesBiggest lesson learned:"Grow some balls and do it!"Pros of SFH house hack:- Home Sales Exclusion: Tax Free profits. Can exclude up to 250K in profits from the sale of a home if the owner lives in the property for 2 years.- Still be able to rent bedrooms.- Despite living in 1 bedroom, the current market rent is 2/3 of the rent if Zach was not living there.- Split utilities- Can cash flow better if rooms are rentedCons of Multi-family house hack:- Only the unit the owner lives in can be used under the Home Sales Exclusion Act- Have to pay own utilities

20 MIN2019 AUG 29
Comments
The Ultimate House Hack with Zach Alderman

Episode 1: Introduction

If you are interested in either growing your restaurant brand or real estate portfolio, this podcast is for you. It is no-fluff, straight to the point format. Unlike many other podcasters, I am in the restaurant and real estate industry. My family founded a small chain of restaurants known as Tudor's Biscuit World. Between me and my family, we have experience in small condo-conversions, vacation-rentals, small commercial strip centers, small multi-family, and a few flip-and-rents.Real Estate Side: We will interview both real estate investors and professionals.Restaurant: We will interview franchisers, founders, franchisees, portfolio owners of independent restaurants, executives, etc.Why Restaurants and Real Estate?- Both have been proven for thousands of years, and aren't going away.- Both are known for making millionaires.

4 MIN2019 AUG 29
Comments
Episode 1: Introduction
the END

Latest Episodes

Office Buildings and Developments with Phil Nelson

Phil Nelson, a die hard Thundering Herd fan, jumped into the real estate game at a young age. Phil started with a 3 plex while still in college. Phil partnered up with a friend (Jim Weiler) and grew a portfolio containing more than 125 units. Phil and Jim took a leap into commercial real estate starting with a development of an upscale unit complex. They later transitioned into doing deep rehab office building deals as well as other multi-unit commercial tenant deals! While we touch on Phil's beginnings, we dive deep into his experience with residential development and office buildings! Key TakeawaysBig lessons:- Know Your Market, Know Your Market, Know Your Market- Being slightly below market rent can lower expenses/stress and keep vacancy near 100%. - More units = more money to allocate to in-house management. - Have a great relationship with your local bank- Try to have potential commercial tenants lined up before purchase of a commercial building.- Understand potential commercial tenants needs- Opportunities are available even in less vibrant cities. - Buy for Cashflow- Renovate in pieces. Mitigate your risk. Biggest Mistake:- Trying to get the very best price. (Know when a deal is fair)Pros of development vs rehabbing existing properties:- Do not have the constraints that many older buildings have (ceiling heights, can't always knock down walls, etc)- Can develop/build for today's consumer tastesWhy Phil dove into real estate:- The attractiveness of real estate. Collecting rents from residents that pay your operating expenses, your mortgage, and you- Became too tiring to do it part-time with a small portfolio. How investing in commercial differs from small residential - Can be more difficult to fill units - much less maintenance/supervision/hands on- can be much more passiveWhy Phil doesn't hire 3rd party management:- Feels comfortable managing his own properties.- Better cashflow - Better response rate to tenantsWhat's next for Phil:- Building a house- Continue renovating commercial properties!!

63 MIN2019 AUG 29
Comments
Office Buildings and Developments with Phil Nelson

The Ultimate House Hack with Zach Alderman

Everyone has heard of house hacking a multifamily property. But can you house-hack a single-family?Absolutely! In fact, it can be better with a single family.Zach, a recent Marshall University graduate, purchased a foreclosed property for a very low price in a nicer neighborhood. With the help of a contractor and a lot of sweat equity, Zach rehabbed the home for quite a low amount of money. Zach ended up creating about 100K in equity! His plan is to live in the property for 2 years and rent out 2 bedrooms to his friends.Learn some of the ins and outs of foreclosures.Learn how to avoid taxes on profit completely (Besides 1031 tax free exchange)Learn different types of mortgagesBiggest lesson learned:"Grow some balls and do it!"Pros of SFH house hack:- Home Sales Exclusion: Tax Free profits. Can exclude up to 250K in profits from the sale of a home if the owner lives in the property for 2 years.- Still be able to rent bedrooms.- Despite living in 1 bedroom, the current market rent is 2/3 of the rent if Zach was not living there.- Split utilities- Can cash flow better if rooms are rentedCons of Multi-family house hack:- Only the unit the owner lives in can be used under the Home Sales Exclusion Act- Have to pay own utilities

20 MIN2019 AUG 29
Comments
The Ultimate House Hack with Zach Alderman

Episode 1: Introduction

If you are interested in either growing your restaurant brand or real estate portfolio, this podcast is for you. It is no-fluff, straight to the point format. Unlike many other podcasters, I am in the restaurant and real estate industry. My family founded a small chain of restaurants known as Tudor's Biscuit World. Between me and my family, we have experience in small condo-conversions, vacation-rentals, small commercial strip centers, small multi-family, and a few flip-and-rents.Real Estate Side: We will interview both real estate investors and professionals.Restaurant: We will interview franchisers, founders, franchisees, portfolio owners of independent restaurants, executives, etc.Why Restaurants and Real Estate?- Both have been proven for thousands of years, and aren't going away.- Both are known for making millionaires.

4 MIN2019 AUG 29
Comments
Episode 1: Introduction
the END
success toast
Welcome to Himalaya LearningDozens of podcourses featuring over 100 experts are waiting for you.