Episode 232: Shawn DiMartile and Alex Inabnet Discuss Multifamily Development Challenges

06/10/24 • 39 min

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

In this engaging episode, Shawn DiMartile sits down with Alex Inabnet, a multifaceted real estate expert based in San Diego, to delve into the intricate world of real estate development and general contracting. With an eclectic background in construction management and a hands-on approach to multifamily developments, Alex offers a wealth of knowledge on the current real estate trends across different markets, especially in San Diego, Austin, and Tampa.

Throughout their discussion, Alex reveals the challenges and nuances of the construction and development landscape, especially in high-demand areas like San Diego. He shares invaluable insights on how to navigate market volatility, the importance of hiring experienced partners, and the critical role of communication in mitigating risks in construction projects. This episode is a treasure trove of expert advice for anyone interested in multifamily real estate development, construction best practices, and strategic market analysis.

Some key takeaways from this episode:

A comprehensive discussion on the importance of strategic market selection, with a focus on secondary growth markets such as San Diego, Austin, and Tampa
Insight into the high barriers to entry and regulations in California's real estate market compared to Texas and Florida
The significance of effective communication and problem-solving in managing construction costs and project timelines
The critical role of experienced business partners and mentors in successful real estate development
Observations on current market trends and future predictions, particularly regarding interest rates and their impact on real estate investments

How to connect with

Website: www.inabnetcontracting.com

Email: [email protected]

Phone Number: (318)-780-6513

Learn more about Mike and Shawn:

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

Some key takeaways from this episode:

A comprehensive discussion on the importance of strategic market selection, with a focus on secondary growth markets such as San Diego, Austin, and Tampa
Insight into the high barriers to entry and regulations in California's real estate market compared to Texas and Florida
The significance of effective communication and problem-solving in managing construction costs and project timelines
The critical role of experienced business partners and mentors in successful real estate development
Observations on current market trends and future predictions, particularly regarding interest rates and their impact on real estate investments

How to connect with

Website: www.inabnetcontracting.com

Email: [email protected]

Phone Number: (318)-780-6513

Learn more about Mike and Shawn:

Previous Episode

Episode 231: Antonio Cucciniello shares his journey and tips for real estate investing

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

In this episode, Mike Tighe interviews Antonio Cucciniello, who shares his real estate journey and how he started investing in properties. He discusses the importance of finding alternative sources of income, especially for retirement, and how he used cash-out refinances to expand his real estate portfolio. Antonio also talks about his current focus on helping others get started in real estate investing through his company, House Hack Helpers. He emphasizes the importance of taking action and overcoming emotional barriers when it comes to investing in real estate. The episode concludes with a discussion on the potential of short-term rentals and the benefits of house hacking.

Some key takeaways from this episode:

Antonio Cucciniello started investing in real estate to provide a retirement income for his father and build a legacy for his future family
Cash-out refinances allowed Antonio to recycle his initial capital and purchase more properties, expanding his real estate portfolio
Antonio co-founded House Hack Helpers, a company that flips duplexes, triplexes, and quadplexes and sells them to individuals interested in house hacking
Overcoming emotional barriers and taking action are crucial for success in real estate investing
Short-term rentals can be a profitable option for maximizing rental income, but they require additional upfront costs and considerations

How to connect with Antonio:

Instagram: @investarters

Book: The Beginner Real Estate Investor Playbook: A Step-by-Step Guide to Buying Your First Rental Property

Learn more about Mike and Shawn:

Next Episode

Episode 233: Josephine Saffert Discusses Real Estate Development and Entrepreneurship

Follow Mike and Shawn on Instagram:

Shawn: @shawn_dimartile
Mike: @miketighe_

In this insightful episode, Shawn DiMartile is joined by Josephine Saffert, a dynamic real estate developer based in Nashville, Tennessee. Josephine shares her journey from immigrating to the U.S. from Germany to establishing a successful development company focusing on urban fill projects. She provides an in-depth look into her strategies for selecting development sites, managing interest rate risks, and creating unique design features that make her properties stand out in a competitive market.

Josephine dives into the specifics of her projects, including her focus on luxury townhomes and horizontal development. She discusses the importance of positioning developments in up-and-coming neighborhoods and leveraging investor partnerships to bring these high-end projects to life. Additionally, Josephine introduces her educational initiative, Developer Academy, which helps real estate professionals break into the development industry by providing a comprehensive curriculum and networking opportunities.

Some key takeaways from this episode:

Strategic Site Selection: Josephine emphasizes the importance of choosing development sites in emerging neighborhoods that promise future growth and value appreciation
Interest Rate Mitigation: She discusses the impact of fluctuating interest rates on development projects and the necessity of conservative underwriting and padding contingencies
Unique Design Features: Josephine's projects stand out due to unique design elements like rooftop hot tubs and courtyard spaces that add significant appeal
Educational Outreach: Developer Academy aims to empower real estate professionals to venture into development with a combination of online resources and community support
Investment Strategies: Insights into structuring investor deals for different types of development projects, including single-family homes, townhomes, and build-to-rent communities

How to connect with Josephine:

Instagram: @josephinesaffert

Website Instagram: @sapphiredevelop

Website: Sapphire Development

Learn more about Mike and Shawn: