Episode 225: Elijah Brown Discusses Real Estate Investing and Fund-to-Funds Model

04/22/24 • 51 min

Follow Mike and Shawn on Instagram!

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode, Elijah Brown joins host Mike Tighe to discuss his journey in real estate investing and his transition to the fund-to-funds model. He shares his experiences as an active operator, the challenges he faced, and the lessons he learned along the way. Elijah explains the benefits of partnering with experienced sponsors and the importance of focusing on what you're best at in order to scale your portfolio. He also discusses his investment strategy, which involves targeting value-add multifamily properties in the Sunbelt region, particularly in Arizona and Texas. Elijah provides valuable insights into the world of capital raising, including the process of vetting sponsors, establishing relationships with family offices, and navigating the legal aspects of the fund-to-funds model.

Some key takeaways from this episode:

Elijah Brown transitioned from being an active operator to focusing on the fund-to-funds model to achieve greater success and reduce the stress associated with managing properties
By partnering with experienced sponsors, Elijah was able to scale his portfolio and gain access to larger deals and better investment opportunities
The fund-to-funds model allows Elijah to raise capital from retail investors and allocate it to different sponsors and deals, providing diversification and risk mitigation
Elijah focuses on investing in value-add multifamily properties in the Sunbelt region, particularly in Arizona and Texas, due to the favorable market conditions and population growth in those areas
Building relationships with family offices and institutions is a long-term process that requires establishing trust, demonstrating a track record, and providing value to potential investors

How to get in touch with Elijah:

Website: www.goldhawk.us

LP Multifamily Calculator: www.goldhawk.us/calculator

GoldHawk Capital eBook: www.goldhawk.us/ebook

Learn more about Mike and Shawn:

Follow Mike and Shawn on Instagram!

Shawn: @shawn_dimartile
Mike: @miketighe_

Some key takeaways from this episode:

Elijah Brown transitioned from being an active operator to focusing on the fund-to-funds model to achieve greater success and reduce the stress associated with managing properties
By partnering with experienced sponsors, Elijah was able to scale his portfolio and gain access to larger deals and better investment opportunities
The fund-to-funds model allows Elijah to raise capital from retail investors and allocate it to different sponsors and deals, providing diversification and risk mitigation
Elijah focuses on investing in value-add multifamily properties in the Sunbelt region, particularly in Arizona and Texas, due to the favorable market conditions and population growth in those areas
Building relationships with family offices and institutions is a long-term process that requires establishing trust, demonstrating a track record, and providing value to potential investors

How to get in touch with Elijah:

Website: www.goldhawk.us

LP Multifamily Calculator: www.goldhawk.us/calculator

GoldHawk Capital eBook: www.goldhawk.us/ebook

Learn more about Mike and Shawn:

Previous Episode

Host Edition: Why We're Internalizing Property Management for Our Multifamily Portfolio

Follow Mike and Shawn on Instagram!

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode of the Real Estate Takeoff Podcast, hosts Shawn DiMartile and Mike Tighe discuss their decision to internalize property management for their multifamily portfolio in San Diego. They explore the challenges they have faced with third-party property management companies and the inefficiencies they have observed in the leasing process. Shawn and Mike highlight the importance of control and the ability to optimize the leasing process to attract and retain tenants. They also emphasize the cost savings and improved customer service that can be achieved by managing properties in-house.

Throughout the episode, Shawn and Mike share their insights and experiences as real estate investors and developers, providing valuable advice for listeners who are considering internalizing property management for their own portfolios. They discuss the importance of effective marketing, prompt response times, and streamlined application processes. By taking control of these aspects, landlords can enhance the leasing experience and maximize their profitability.

Some key takeaways from this episode:

Internalizing property management allows for greater control over the leasing process, leading to improved efficiency and profitability
Third-party property management companies often have inefficiencies and limitations that can hinder the leasing process
Prompt response times and effective marketing are crucial for attracting and retaining tenants
Streamlined application processes and clear communication can expedite the leasing process and increase tenant satisfaction
Internalizing property management can result in cost savings and improved customer service

Learn more about Mike and Shawn:

Next Episode

Host Edition: Exposing NIMBY Misinformation & Building vs Buying

Follow Mike and Shawn on Instagram!

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode of the Real Estate Takeoff Podcast, hosts Mike Tighe and Shawn DiMartile discuss their transition from buy and hold multifamily investments to ground-up development. They explain the reasons behind their pivot, including the rising costs of existing properties compared to the cost of building new ones. They highlight the benefits of ground-up development, such as lower expense ratios, higher profits, and the ability to provide affordable housing options. The hosts also address misconceptions and criticisms surrounding complete communities programs and zoning laws. Overall, this episode provides valuable insights into the world of real estate development and the advantages of ground-up construction.

Some key takeaways from this episode:

Replacement costs for existing multifamily properties have met or exceeded current pricing in most parts of the country, making ground-up development a more profitable option
Building new multifamily properties allows for lower expense ratios and higher profits compared to purchasing existing properties
Ground-up development provides the opportunity to create affordable housing options and avoid rent control regulations for the first 15 years of ownership
Value-add properties may appear attractive, but they often come with higher expense ratios and potential issues due to aging infrastructure
Complete communities programs aim to increase housing density and provide affordable housing options, benefiting both developers and low-income renters

Learn more about Mike and Shawn: