#750: Michael Salafia on Managing Operations at STAX and Mastering Single Tenant Retail

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 3 June 2024

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael is the Managing Partner of Miami-based STAX Real Estate and CEO of Miami-based Re-Up. STAX Real Estate is an industry leading platform for the sale lease back of net lease retail properties. Re-Up is a gas station and convenience store retail operator, focused on elevating the customer experience through the integration of AI-powered technology and design. Re-Up is elevating the way people re-fuel, re-charge, re-fill, re-up, answering a pent-up demand for a modern, clean, and healthy convenience retail experience. Re-Up has 9 stores open and more than 30 in the pipeline, strategically positioned for accessibility and convenience across Florida, Mississippi, and Louisiana.

Connect with Michael: https://staxre.com/

Linkedin: https://www.linkedin.com/in/michaelsalafia

Highlights:

6:05 - The Clues of a Bad Operator

10:35 - STAX Specialties

23:46 - The Most Stable Properties During Uncertainty

30:28 - Understanding The Business

Quote: "Read The Reviews on Google before you invest in a company."

Recommended Resources:

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Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast.

Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.0	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.6	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:29.9	Hey guys and gals, Kevin Bup here.
0:32.2	I've got some very exciting news I'd like to share with you before we jump into today's show.
0:36.4	Now, after closing on Fund 4's first acquisition of a $50 million institutional grade mobile home park, we're adding
0:42.8	a second irreplaceable piece of real estate to the portfolio, and it's coming into the fund
0:47.7	with over $1.5 million of built-in equity for our investors day one. Now, when I say irreplaceable,
0:53.6	I really do mean it. I mean it.
0:54.5	I mean, this is an affordable yet high-end waterfront mobile home park located in the Columbus,
0:59.5	Ohio market. Quite literally, every single mobile home on this property is right on the lake,
1:05.4	each with its very own personal boat dock, meaning a very high demand for affordable weekend
1:10.0	getaway options, as well
1:11.7	as year-round housing for working Americans. This is a true unicorn of a property, and you will not
1:17.0	see another one like this come around again. It really is a one of a kind. A few other aspects
1:21.8	worth noting. This park is producing stable and predictable cash flow day one. We're acquiring it with an excellent
1:28.6	in-place Freddie Macalone at a 3.3% interest rate for the next eight and a half years.
1:35.1	This also includes a period of interest-only payments. Again, the simple supply and demand dynamics
1:40.0	here are enough to get excited about. This is affordable lakefront real estate for both the
1:44.3	working American families, as well as folks looking to lock down a reasonably priced
	...

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