RCRE - Strategy Building & Identifying Hot Submarkets with John Casmon
01/22/20 • 56 min
Dylan and Mike interview John Casmon and discuss strategy going into 2020 and identifying hot submarkets.
John is a real estate entrepreneur, who has partnered with busy professionals to invest in close to $90 million worth of apartments. John hosts the Target Market Insights podcast where he covers multifamily and marketing insights.
Key Information:
Take inventory on 2019 and review the strategy going forward in 2020
It is lazy and irresponsible to stop being active in “hot” markets
Opportunity cost and inflation are huge risks sitting on the sidelines
Constantly review your deal flow, financing, business plan , and deal structure to create success
Never invest solely on IRR on paper
The savvy sponsors that truly execute the business plan will be left after the correction
Know your customers and what they are looking for towards their needs
John started his podcast to help him learn from more experienced investors
Understand the submarket level even if the MSA is performing poorly
Get ahead of the path of progress by understanding the market anchors and population growth
Find “Best Markets to Live In” and find neighboring submarkets to potentially invest in
Data is useful but leverage common sense
Resources used for National Market Research (Berkadia, IRR, Marcus & Milichap)
Resources for submarket data: datausa.io, Yardi reports, Costar reports
Expert Pro Tip: Know the legalities of raising money by checking out SEC. Build a brand to ATTRACT investor capital, instead of selling capital.
Contact Information:
http://www.midwestresummit.com/
@JCasmon
For more information/to connect with Rand CRE:
To register to invest with us:
https://invest.randpartnersllc.com/invexp/accounts/login/
Rand CRE's Facebook: https://www.facebook.com/randcre
Rand CRE's Twitter: https://twitter.com/randcre
Rand CRE's Linkedin: https://www.linkedin.com/company/randcre
Rand CRE's Instagram: https://www.instagram.com/randcre
We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/
Dylan and Mike interview John Casmon and discuss strategy going into 2020 and identifying hot submarkets.
John is a real estate entrepreneur, who has partnered with busy professionals to invest in close to $90 million worth of apartments. John hosts the Target Market Insights podcast where he covers multifamily and marketing insights.
Key Information:
Take inventory on 2019 and review the strategy going forward in 2020
It is lazy and irresponsible to stop being active in “hot” markets
Opportunity cost and inflation are huge risks sitting on the sidelines
Constantly review your deal flow, financing, business plan , and deal structure to create success
Never invest solely on IRR on paper
The savvy sponsors that truly execute the business plan will be left after the correction
Know your customers and what they are looking for towards their needs
John started his podcast to help him learn from more experienced investors
Understand the submarket level even if the MSA is performing poorly
Get ahead of the path of progress by understanding the market anchors and population growth
Find “Best Markets to Live In” and find neighboring submarkets to potentially invest in
Data is useful but leverage common sense
Resources used for National Market Research (Berkadia, IRR, Marcus & Milichap)
Resources for submarket data: datausa.io, Yardi reports, Costar reports
Expert Pro Tip: Know the legalities of raising money by checking out SEC. Build a brand to ATTRACT investor capital, instead of selling capital.
Contact Information:
http://www.midwestresummit.com/
@JCasmon
For more information/to connect with Rand CRE:
To register to invest with us:
https://invest.randpartnersllc.com/invexp/accounts/login/
Rand CRE's Facebook: https://www.facebook.com/randcre
Rand CRE's Twitter: https://twitter.com/randcre
Rand CRE's Linkedin: https://www.linkedin.com/company/randcre
Rand CRE's Instagram: https://www.instagram.com/randcre
We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/
Previous Episode
MNS - Baron Hollowell
This weeks guest on the Movers and Shakers podcast is Baron Hollowell.
Baron’s serial entrepreneur life can be traced back to his childhood and parents. Being raised by entrepreneurs and he knew he never wanted to work for anyone else. His first entrepreneurial pursuit was starting a successful trucking business. Taking his profits he started investing in real estate and bought his first 2 SFH in 2011. Quickly realizing it wasn’t scalable. Then when oil tanked in 2015, Baron adapted and started a meal prep company. Recently Baron shifted his focus back to real estate, first buying a duplex to house hack. Wanting to go bigger he joined the Jake & Gino community and last November closed on his first 16 unit apartment complex.
We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/
Next Episode
WBP - Partnership with Jake & Gino
Jake and Gino discuss the ins and outs of partnership. They go over the qualities that have made their partnership so successful and offer guidance on how best to go about choosing your partners.
The Rundown
Core Values
Unwavering Ethics
Mission Statement
Honesty
Objectivity
Credibility
What do you want?
Work Ethic
Responsiveness
Commitment
Sniff Test
Bootcamps
Value Trade Off
Hiring Out
Accountability
Reverse Engineering
Priorities
Meeting Rhythm
Rockefeller Habits
Extreme Ownership
L10s
Communication
Taking Responsibility
Education x Action = Results
People, Systems & Culture
Solutions Oriented
Coaching
Operating Agreements
Expectation
Diagnosing The Problem
Creating Goals
Creative Solutions
Education
Pivot, Test, Repeat.
Design Plans
4 Ways to Partner
Pros & Cons of Partnership
Subscribe to our Youtube Channel for lots of great content!
Buy our new book The Honey Bee!
We're here to help create multifamily entrepreneurs... Here's how: Brand New? Start Here: https://jakeandgino.mykajabi.com/free-wheelbarrowprofits Want To Get Into Multifamily Real Estate Or Scale Your Current Portfolio Faster? Apply to join our PREMIER MULTIFAMILY INVESTING COMMUNITY & MENTORSHIP PROGRAM. (*Note: Our community is not for beginner investors) 👉https://jakeandgino.com/apply About Jake & Gino Jake & Gino are multifamily investors, operators, and mentors who have created a vertically integrated real estate company. They control over $250M in assets under management. They have created the Jake & Gino Premier Multifamily Community to teach others a simple three-step framework for investing in multifamily real estate. Connect with Jake & Gino on the social media platform you are most active on: https://jakeandgino.com/link-tree/
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