Deal Junkies - A Real Estate Podcast

In today's episode of Deal Junkies the Junkies interview Michael Hamilton the founder of Seneca Development Company. You’ll learn how he went from very humble beginnings to having a pipeline of 850 apartment units in various stages of development. After starting college he quickly learned that school wasn’t for him, he knew that there was knowledge and skills he could learn through grit that university wasn’t going to teach him. We’ll talk about how a stint of networking in LA and an introduction to Snoop Dogg’s son lead him to building custom homes in Newport Beach which turned into new construction apartment developments in downtown Portland. We then jump into how he built a team and created value for investors and partners in order to own real estate. Listen in to hear his story and learn about all the lessons he learned along the way.

In the second part of the Deal Junkies New Investor episode the Junkies give a breakdown of a few real deals that Trevor did to start building his portfolio. Many of us might already know what househacking is but knowing what it is and executing on it are two different things. They talk through the things done right and the things done wrong in those first few deals. Everyone always says the first deal is the hardest one to do, listen in to this episode and get one step closer to moving past that.

In today’s episode of Deal Junkies Trevor, Dane and Mike talk about how to create value as a new investor. To be an Operator in real estate you have to have time, skills and money but to get started all you need to have is one of those three things. The Junkies talk through the different strategies that are most commonly used to get started investing in real estate. From a house hack to a highly levered seller carry contract they break down the best starting strategies.

In Part 2 of our conversation with Paul Kerley we discuss one of his hardest lessons learned. The deal was a development project that needed some money to build his modular homes. If you’re noticing a trend with development projects with partners that you don’t know very well then you may be onto something. It's a common mistake that many real estate investors have made and continue to make. The reason being that development is one of the most lucrative ways to make money in real estate but it’s also one of the riskiest. If you’re thinking about getting into a project make sure you ask someone who you trust, knows real estate and isn’t a part of the project if you should really do it. The Junkies discuss these pitfalls and more in this episode of Deal Junkies!

On today’s episode of Deal Junkies the Junkies interview the original Junkie himself: Paul Kerley. Paul became Gabe’s client as a broker over a decade ago, Gabe quickly began selling Paul anything he could negotiate terms on. After a while Paul convinced Gabe that he needed to be in the deal, not just facilitating the transactions. That was when Paul became Gabe’s mentor and one of his best friends. Paul breaks down how he got into real estate but more importantly why he got into it. He owns hundreds of millions in real estate but he’s not driven by money, he’s driven by overarching and fundamental principles of life that lead him here. Listen in to find out about a few of them.

In this week's Deal Junkie Quick Hit the Junkies talk about some of Marc’s favorite deals. We’ll dive into the strategies he used in the past to find deals and how he finds deals now. The Junkies talk about the advantages gained by building relationships instead of being transactional. We’ll break down how he gained his negotiation skills and why it isn’t as hard as you might think.

On this episode of Deal Junkies you’ll get your first intro to the life of Marc Gallegos but definitely not your last. You’ll quickly come to see why the hosts couldn’t wait to have him on and pick his brain, he’s a Deal Junkie himself. It’s a deep dive into what got him into real estate and how his perspective on what deals to do has changed over time. He started out flipping houses but not before underwriting 300 off market deals that he sourced and turning them down. He then moved into home building and then quickly scaled into multi-family development. If you can’t already tell, this episode is full of lessons learned and insights into both the upsides and the downsides of development.

In today’s Deal Junkie Quick Hit the Junkies talk about one of Gabe’s favorite, then least favorite, and now favorite again deals. It’s a 66-unit development project on the North Coast of Oregon. They discuss the red flags of the deal, how Gabe got into it and the mistakes made along the way. Listen until the very end to see where this 5 year project is at now.

In this episode of Deal Junkies the guys talk about roles and responsibilities within their businesses and how you know what seat you should be in. They then dive into the current affordable housing crisis and discuss why the cause of it may not be what we’re led to believe. They discuss why there is a housing shortage in Oregon but that the solution isn’t so simple. The misalignment of interest between developers and the bureaucracy that decides their fate.

In today’s Deal Junkies quick hit we hear an economic update from Macro Mike. He dives into the indicators and trends that affect the Residential market and how those differ from Commercial. Gabe brings up some issues in the residential market but also potential opportunities due to current rates and pricing and where he believes they’re headed. Listen in to get your economic fix.

In this episode of Deal Junkies the Junkies discuss what has been going on with the ongoing National Association of Realtors Lawsuit. First they’ll discuss the high level of what is going on and what’s happening with the suit. They then dive deeper into what it means to all real estate brokers, not just Realtors, and whether or not they think it matters at all.

In this episode of Deal Junkies, Macro Mike finally talks about his bad deals. He talks about what lessons he learned and how much money he lost. Mike believes that it’s not about if you’ll lose money in Real Estate but when and how you can protect yourself to avoid the pitfalls that cause his losses.

In this episode of Deal Junkies the Junkies discuss the recent explosion of insurance premiums in commercial real estate. They discuss how they are navigating that and ensuring they keep that expense as low as possible. You’ll also hear how they navigate the balance between making now money and buying more deals. The discussion turns to how they delegate tasks and surrender control over roles they think they need to be in charge of.

Gabe is a leader, investor and an entrepreneur. Gabe has used those traits to run and build some big businesses, and create a large real estate portfolio. This episode is about how he lost $2.1m flipping houses and how he dug his way out of it.

In this episode of Deal Junkies Mike dives into his conspiracy about the origination of the Federal Reserve. You’ll hear Trevor talk through his plan to catch up to Blackstone and how he’s using EOS to do it. Then Gabe dives into why it will be harder than he thinks.

In part two of our interview with Logan deVos we do a deep dive into the intricacies of the SMI Legacy Fund and how they utilize the 721 Exchange. We’ll highlight what it is, who it is, and why it’s different from other funds. Our host Gabe is the President of the SMI Fund and Logan is the CEO. They have been partnering together for years and this will show the natural progression from their first deal together to where they are today and why they believe this vehicle is the best place for many of their assets. Learn more about the SMI Fund at: https://smifundmanagement.com/legacy-fund/

In this latest episode, we're thrilled to feature Logan deVos, a dynamic entrepreneur and investor whose journey from childhood candy sales to real estate fund management exemplifies entrepreneurial spirit and adaptability. From paintball ventures to flipping houses, Logan's path is marked by innovative leaps and bounds. He dives into the intricacies of building a real estate empire, sharing pivotal lessons and strategies honed along the way. For aspiring entrepreneurs and seasoned investors alike, Logan's insights offer a wealth of inspiration and practical advice for navigating the complex real estate landscape. Tune in for a masterclass in turning entrepreneurial vision into reality.

In this episode of "Deal Junkies," we dive into the dynamic world of real estate investing, focusing on the turbulent journey of rental markets in recent years and forecasting their future trajectory. We'll unpack some nuances of property management, including the timing of vacancies and the art of scheduling unit turnovers. Topping it off with some banter about legislation and how the solution to slumlords is occasionally counterintuitive.

In this episode, co-host Mike Nuss explains the Federal Reserve, interest rates, and their effects on the economy. The discussion covers recent changes in interest rates and their reasons. This episode is designed for anyone interested in how economic policies impact finances.

In this episode of Deal Junkies, we introduce Dane, our youngest co-host with a remarkable start in real estate. Learn how Dane went from a finance student to closing his first big deal—a $1.6M apartment complex with no personal capital. Raised in Texas but finding his place in Salem, Dane’s journey is about more than financial gains; it's about community and purpose. From a private wealth advisor to a pest control business co-founder, his true calling was in commercial real estate, specifically Multifamily investments. Dane shares his strategy in real estate, his personal ethos of empowering others, and contributing to the community. Listen in for insights and advice from Dane's path, offering a guide for those looking to succeed in investments.

In this episode of Deal Junkies, we dive into one of Gabe Johansen's most memorable transactions: a remarkable seller carry deal that he ingeniously secured without using any of his own money. As the President & CEO of SMI Real Estate and a titan in the Willamette Valley's commercial real estate scene, Gabe opens up about the intricacies and strategies behind this standout deal, shedding light on the art of negotiation, creative financing, and leveraging seller financing to its fullest potential. This episode not only reveals the nuts and bolts of executing a no-money-down deal but also provides listeners with actionable insights and wisdom gleaned from Gabe's extensive experience in repositioning assets and maximizing investment returns. Join us for an episode filled with invaluable lessons from one of the real estate industry's most astute investors.

With a real estate portfolio valued at over $150MM and encompassing nearly 1,000 residential units, Gabe Johansen takes the spotlight in this special episode of Deal Junkies. As the President & CEO of SMI Real Estate, Gabe stands out as the definitive figure in the Willamette Valley's commercial real estate sector, renowned as the #1 producing apartment broker in the mid-valley area. Today, Gabe invites us on an illuminating journey through his distinguished career, from the foundational days at his family’s car dealership to his ascendancy as a real estate mogul. He has excelled in transforming underperforming multifamily assets, upgrading C and D grade projects to B and C grade standards, thereby boosting both community and investor value. In this episode, delve into Gabe’s strategies for creative financing, syndications, and his nuanced approach to the complex interplay between brokerage and investment that has propelled him to annually close deals exceeding $50MM. Furthermore, Gabe will provide insights into the current market dynamics, drawing from the extensive dataset featured in the SMI Apartment Update, an essential tool for industry professionals across the Willamette Valley. Welcome to Deal Junkies.

Join us as we dive deep with the esteemed Mike Nuss, a titan in the real estate industry, who shares the ins and outs of one of his all-time favorite deals. Mike walks us through the intricacies of this standout transaction, from initial discovery to final closing, revealing the strategies, hurdles, and innovative solutions that made it a remarkable success. Whether you're an aspiring investor, a seasoned professional, or simply fascinated by the world of real estate, you'll gain invaluable insights into the art of deal-making, negotiation tactics, and the critical thinking that drives success in this competitive field. Tune in to learn, be inspired, and maybe even find the spark to ignite your next big deal.

Prepare for another captivating episode of Deal Junkies - A Real Estate Podcast, where we sit down with the multi-talented Mike Nuss. With over two decades of experience as a licensed appraiser, Mike's journey extends far beyond valuation. He's a seasoned investor, master of creative finance, and visionary in new development. In this episode, we dive into Mike's illustrious career, tracing his evolution from appraiser to real estate luminary. His diverse expertise spans the spectrum of real estate, from analyzing trends to executing innovative financing strategies and spearheading groundbreaking new developments. Tune in as Mike shares his wealth of knowledge and insights, offering listeners a glimpse into the mind of a true real estate maverick. Whether you're intrigued by creative financing, fascinated by new development, or simply seeking inspiration for your next investment venture, this episode has something for everyone. From his pioneering approaches to deal structuring to his visionary insights into emerging trends, Mike Nuss is the ultimate guide to navigating the ever-evolving landscape of real estate investment.

Welcome to Deal Junkies, the podcast where seasoned investors dive deep into the world of real estate deals, sharing insights, strategies, and stories to fuel your own success in the market. In our inaugural episode, join us for an exclusive interview with Trevor Howard, one of our dynamic hosts. At the age of 27, Trevor Howard has accumulated a portfolio of over 100 rental units, proving that success in real estate is attainable with dedication and smart strategies. Join us as we delve into Trevor's story, exploring the challenges he faced, the lessons he learned, and the pivotal moments that shaped his path to financial success. Whether you're a seasoned investor looking for fresh perspectives or a newcomer eager to crack the code to real estate wealth, this episode is your backstage pass to the mind of a Deal Junkie. Get ready for an inspiring conversation that will ignite your passion for real estate and empower you to make your mark in the world of property investment.