RCRE - Strategy Building & Identifying Hot Submarkets with John Casmon

Jake and Gino Multifamily Investing Entrepreneurs

Jake & Gino

Buyingapartmentbuildings, Investingsmart, Multifamilyrealestateinvesting, Business, Smartinvesting, Jakeandgino, Apartmentinvesting, Investing, Commercialrealestateinvesting, Makingmoney, Buyingrealestate, Realestateinvestment, Wheelbarrowprofits, Realestateinvesting, Cashflow

5 • 831 Ratings

🗓️ 22 January 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

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: [email protected] http://www.midwestresummit.com/ @JCasmon For more information/to connect with Rand CRE: www.randcre.com 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

Transcript

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0:00.0	Welcome to the RAND-CRE show, commercial real estate with no stone left unturned.
0:10.0	What's up, everyone? This is Dylan Marma, bringing to the RAND-C-R-E show.
0:14.0	Joined by our co-host, Mike Taravella. How you doing today, Mike?
0:16.7	No, just living the dream, making it happen, and I'm excited to have our multifamily who's helped me through the ranks and get to where I am today. So excited to have him on and provide a ton of value to our listeners.
0:28.8	Absolutely. Very excited for today's show. We have a great friend of ours on the show here. Before we get started, I always need to give a quick reminder. The RAN seriesRI show is hosted by RAN commercial real estate.
0:42.2	We are a vertically integrated real estate investment and advisory firm, providing opportunities for investors to create passive streams through real estate investing, as well as providing
0:46.6	active investors with the ability to source debt and equity across the board. So if you do have
0:51.0	questions about how to fund your next deal or if you'd like to partner with us through investing passively, you can always reach out to us at rancere.com. So Mike,
0:59.1	why don't you go ahead and introduce us. Who do we have on the show today? So today we have the
1:02.5	honor and privilege of having John Casman, host of Target Market Insights. He has one of the best
1:08.2	real estate meetups in Chicago, has about 90 million assets under management,
1:13.3	and it's just a great player in the space.
1:15.1	So welcome to the show, John.
1:16.6	How's everything going?
1:18.1	It's going great, guys.
1:19.3	Dylan, Mike, thank you for having me on the Rance, CRA podcast.
1:22.2	Really excited to talk to you both today.
1:24.4	And excited to just share more information and try to help other people kind of build
1:28.5	their real estate portfolio on multifamily. Absolutely. So what's, I guess, been latest with your
1:34.4	business going into 2020? Yeah. So, you know, 2020, like most people, you know, you kind of do
1:40.0	an inventory of what your 2019 was. We took a look at what we did and went back and looked at our goals.
1:46.4	And, you know, we kind of fell a little short, to be honest with you guys. We felt a little short of our
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