FBF #832: Capitalizing on Overlooked Commercial Opportunities
Real Estate Investing for Cash Flow with Kevin Bupp
Kevin Bupp
4.9 • 675 Ratings
🗓️ 13 December 2024
⏱️ 45 minutes
🧾️ Download transcript
Summary
Ian Ross, founder of Somera Road, Inc; a real estate private equity firm based in New York. Somera takes an entrepreneurial and creative approach to value -add, opportunistic real estate in non-core markets. Since its inception in 2014, it has acquired about 10.5 million square feet in real estate across twenty US cities.
Listeners get a glimpse of how Somera operates as Ian shares details on certain projects they’re currently involved in. Ian also shares some perspectives on development and execution and how Somera envisions value in real estate.
QUOTES:
“If you have grown up around sophisticated, highly complex, large-scale markets like New York city, and you understand how to underwrite those markets, I could take you to Cleveland and we could look at the relevant office buildings and you could figure out supply and demand, how people live, work, play, move, where they want to be, how they want to be there and how they’re willing to pay to be there, fairly quickly.”
“We’re very micro-economic focused and focused on a deal by deal basis.”
“We do what we say we’re gonna do and I think that by taking that approach, we become a great liquidity provider to a lot of sellers who are looking for surety of close.”
“I’m just trying to learn information and input that information to analysis, it’s not that hard.”
HIGHLIGHTS
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5:10 Ian’s background
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9:04 Ian explains what they do at Somera
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21:10 Deals and opportunities
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31:54 How does Somera identify opportunity?
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39:36 Thoughts on autonomous vehicles
Job Opportunities with my Team: Click Here
Recommended Resources:
- Accredited Investors, you’re invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club!
- If you’re a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.
- Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.
- 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 | Welcome to this week's edition of Flashback Friday. |
| 0:05.0 | It's your opportunity to get some good review by listening to episodes from the past that Kevin is handpicked to help you along your investment journey. |
| 0:13.0 | If you like to partner with Kevin and join his team at Sunrise Capital Investors, head to invest with sunrise.com to learn more. That's invest with sunrise.com. Enjoy the show. |
| 0:26.6 | You've been searching for the best way to generate passive income in your life and heard that real |
| 0:31.8 | estate is a great way to do it. But you're tired of all the so-called gurus who are all talked in no substance. |
| 0:39.4 | Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen. |
| 0:45.9 | This is the Real Estate Investing for Cash Flow podcast. |
| 0:49.5 | Now, here's Kevin Bup. |
| 0:55.6 | Hey guys, Kevin Buffy, owner. |
| 0:57.2 | We'll welcome you to another episode of the Real Estate Investing for Cashflow podcast. |
| 1:01.1 | Our mission is to help you build and maintain massive amounts of cash flow through income producing real estate investments. |
| 1:07.4 | Our guest for this week's show is real estate investment expert Ian Ross. |
| 1:18.9 | Ian founded Samara Road, Inc. in 2014, to take an entrepreneurial and creative approach to value-out opportunistic real estate and non-core markets. |
| 1:29.2 | Since its inception, Samara has acquired over 800 million in real estate totaling approximately 9.5 million square feet across 20 U.S. cities. Now, prior to Samara, |
| 1:34.9 | Ian was a managing director at Triangle Capital Group. A Fermi helped develop shortly after its inception. |
| 1:39.9 | At Triangle, Ian managed the acquisitions and asset management, focusing on the purchase of hard asset real estate, non-performing loans, and securitized mortgage products, as well as the |
| 1:44.8 | conception and execution of value at business plans. Now, prior to joining Triangle, Ian spent two years |
| 1:50.0 | working as an analyst for Jeffries and Company in its investment banking division, where he focused |
| 1:54.1 | on raising both debt and equity, as well as providing advisory services for companies into |
| 1:58.9 | financial services and real estate sectors. |
| 2:01.3 | And so, guys, I'm real excited to get onto the show with Ian, but first before we do, I have |
| 2:04.5 | a few quick announcements I want to make. For those of that have been listening to the show for |
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