Neighborhood Ventures Podcast

In this episode of Kiss My Assets - Jamison Manwaring interviews special guest, Kimberly Taynton, who is the Vice President and Senior Underwriting for BWE (Bellwether Enterprise). The two delve into various facets of commercial real estate lending, with a primary focus on HUD (Housing and Urban Development) loans, property sizes, and career guidance. The conversation dives into the applicability of HUD loans across different property sizes. However, it's also noted that processing small apartment buildings with HUD can be quite labor-intensive. Despite this, lenders typically prefer larger loans, typically ranging from one to two million dollars or more, due to the effort involved. The discussion proceeds to shed light on the average loan sizes within the HUD program. Kimberly mentions that her company's primary focus lies in loans of $25 million and above, with some even exceeding the $50 million mark. Interestingly, these loans are sized at 80% loan-to-cost or occasionally as high as 85%, despite facing higher interest rates. The conversation takes a turn towards offering career advice, especially for young college students. Kimberly suggests pursuing a degree in Real Estate Finance or obtaining an MBA with a finance background. She highlights the importance of gaining practical experience through internships to ascertain whether the field aligns with one's interests and ambitions. However, she also cautions that despite the intriguing nature of the real estate industry, it involves meticulous detail work and extensive writing. Kimberly emphasizes the critical factor of finding a career that complements one's interests and strengths, whether that lies in underwriting, origination, or other aspects of real estate. Moreover, she shares her own career journey, noting how she transitioned to client-facing roles alongside her underwriting responsibilities, adding depth to her career experience. To watch the episode pieces on YouTube, check out the links below. Part 1: https://youtu.be/u-qsy76YDFs Part 2: https://youtu.be/Vk8hsuaGmrA Part 3: https://youtu.be/wlnubEHEavw

In this episode of Kiss My Assets, Jamison, Bart, Bella, and Heather delve into several significant developments in Arizona, including education initiatives, technology workforce development, and the future of a local landmark. They discuss the collaboration between the Arizona Science Center and the National Taiwan Science Education Center, addressing the semiconductor industry's projected workforce shortfall. The partnership underscores the importance of practical skill development alongside traditional education in making Arizona a semiconductor hub. They shift to Maricopa Community Colleges' successful 10-day semiconductor technician Quick Start program, reflecting the growing interest in semiconductor-related careers and alternative education pathways. Arizona State University's recognition as the top innovative college by the US News and World Report is discussed as well. ASU's commitment to real-world preparation through internships and specialized programs, combined with its plans for campus expansion and a potential medical school, showcases its dedication to innovation and growth. They explore Turf Paradise, a historical North Phoenix landmark known for horse racing and betting. The owner's decision to sell the property prompts discussions about potential buyers and land use possibilities, given the valuable land footprint. These topics provide insight into the dynamic and forward-looking nature of Arizona's education, technology, and real estate sectors. Articles Mentioned: GlobeSt Home Price Growth: https://www.globest.com/2023/09/13/home-price-growth-regains-its-momentum/?kw=Home%20Price%20Growth%20Regains%20Its%20Momentum&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20230914&utm_term=rem&oly_enc_id=1349H2825812H4V Yahoo Natural Disasters: https://finance.yahoo.com/news/housing-market-unaffordable-record-share-220036531.html?guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALxkTAeHM9amiXf-HteYSResnNo6jFpnG9v_Cuk_5Fh_m-LUyEz7nub_BQZLWKx78kT_Ug7PFYRXbIbWz6wHbq5UG29Llv48UTMJV03jWFNLbB1gdrrEALUP6R5V5U3oAzlXWiqZ8dQDrzW1mZ-7Er8RXwl0idFAclspzjmG_KM4&guccounter=2 Storage Cafe Active RE Markets: https://www.arizonafoothillsmagazine.com/in-house/in-house-news/phoenix-leads-nation-as-one-of-the-most-active-real-estate-markets-report GlobeSt Attractive Asset Class: https://www.globest.com/2023/09/21/multifamily-is-most-attractive-asset-class-survey-finds/?kw=Multifamily%20Is%20Most%20Attractive%20Asset%20Class%2C%20Survey%20Finds&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20230921&utm_term=rem&oly_enc_id=1349H2825812H4V PBJ AZ Science Center & Taiwan Education Center: https://www.bizjournals.com/phoenix/news/2023/09/18/arizona-science-center-taiwan-science-hobbs-semi.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PH&j=32753074&senddate=2023-09-18&empos=p1 PBJ ASU Top of US News: https://www.bizjournals.com/phoenix/news/2023/09/18/asu-remains-us-news-most-innovative-school.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PH&j=32753074&senddate=2023-09-18&empos=p6 PBJ Turf Paradise Shut Down: https://www.bizjournals.com/phoenix/news/2023/09/19/turf-paradise-close-redevelop-industrial.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&utm_term=phoenix_morning_call

In this episode of "Kiss My Assets," Bella and John provide an update on the 36th Street property in Phoenix, Arizona. The property, strategically located near employment centers and nightlife, is undergoing renovations. John mentions the challenges of rising construction costs, particularly in paint and appliances. Despite these challenges, they are on track to deliver the first batch of ten renovated units October 1st. The property features 30 units, a shared courtyard, covered parking, and a pool. The renovation aims to increase rents significantly, with one-bedroom units expected to go from $930 to around $1,300 per month and two-bedroom units from $1,000 to approximately $1,600 per month. John anticipates attracting higher-quality tenants after the renovations. They also discuss the project's financial details, such as a 12% target preferred return, a $1,000 minimum investment, and a three-year target hold period. Currently, they have 139 Arizona investors and 8 out-of-state accredited investors through the Reg D offering.

In this podcast episode, the team delves into several notable developments and trends in the multifamily housing market, with a primary focus on Tempe and Phoenix, Arizona. Tempe has approved plans for the construction of 500 apartment units, with an additional 1,000 units in the pipeline, including one of the city's tallest buildings spanning 27 stories. The team discusses the growing competition for student housing in the area. They explore the broader multifamily rental market in Phoenix, where they reference an article highlighting robust increases in rents. They attribute this trend to delayed or canceled construction projects, largely due to the challenges of making them profitable amid rising debt financing costs. Jamison expresses concerns about the difficulty of finding affordable housing for middle-market individuals and discusses the longer timelines and increased expenses associated with affordable housing projects. They also touch upon the impact of escalating construction costs and emphasize the need to build vertically, promoting density instead of horizontal sprawl, especially in light of the influx of approximately 100,000 people into the metro Phoenix area each year. The discussion underscores the challenges and opportunities in the multifamily housing markets of Tempe and Phoenix, with a focus on rising rents, changing development trends, and the need for more accessible housing options, both for students and the broader population.

In this episode of Kiss My Assets, Bella Hoffman and Amanda Schwicht interview Chad Gillund, an out-of-state investor in the NV REITs. Chad, despite limited prior knowledge of real estate, shares why he chose Neighborhood Ventures as his investment platform. He was drawn in by their extensive educational resources and transparency. Chad's investment approach involved thorough market research, focusing on the Phoenix multi-family real estate market due to its growth potential. They discuss Neighborhood Ventures' expansion plans and offer advice for aspiring investors, emphasizing the importance of starting small and consistent investments. Chad reflects on his investment journey, highlighting the power of compounding, similar to investing in dividend stocks. He values cash flow understanding and trusts Neighborhood Ventures' founders, Jamison Manwaring and John Kobierowski. The conversation ends with Chad inviting potential investors to explore the wealth of information on Neighborhood Ventures' platform and sharing his positive testimonial of three years of investment growth.

In this episode of Kiss My Assets, Bart Diehl, Bella Hoffman and Jamison Manwaring start the discussion by introducing the exciting Canyon Beach Surf Park project, emphasizing its wave pool, cliff jumping areas, and retail component. They express enthusiasm for this desert surf park, anticipating its potential to attract tourists and locals, especially given its strategic location near spring training stadiums. They also mention plans for similar parks in other Arizona locations. Next, they also discuss the multi-family housing market's future. Despite past uncertainties related to rising interest rates, they express optimism for the upcoming year. The conversation cites an article highlighting investor confidence in 2024, emphasizing the shift towards renting among younger generations. Supply and demand dynamics are explored, with a shortage of supply due to construction costs and interest rate challenges. Additionally, the conversation touches on evolving apartment designs and the entry of large institutional investors into the market. A housing trend is discussed, focusing on changing home designs. Recent homes are noted for having more bedrooms, reduced common areas, and smaller sizes due to increased housing costs. Each individual shares differing perspectives, with personal values influencing housing choices. The conversation highlights creative adaptations to smaller living spaces and suggests that this trend may stem from changing lifestyles and financial constraints. It concludes by emphasizing the importance of adapting to evolving housing dynamics and finding contentment in well-utilized living spaces.

In this discussion between Jamison Manwaring - CEO, and Nick Heth - founder of Phoenix Mortgage Brokers, the conversation delves into several aspects of the housing market. Nick provides insights into the current state of the Phoenix housing market, emphasizing that it's a seller's market with limited inventory, despite relatively high-interest rates. He attributes the strong demand to Phoenix's business-friendly environment, attracting residents from various regions, along with historically low rates. The conversation explores the psychology of homebuyers, highlighting the importance of qualifying for current interest rates and considering the long-term benefits of homeownership, including building equity and tax advantages. Nick also addresses lending standards, noting that there hasn't been significant tightening, and new programs aim to increase affordability. Regarding Elon Musk's tweet predicting a housing market crash, Nick expresses skepticism, emphasizing that the housing market is more stable now, with homeowners typically qualified and having substantial equity. He highlights the need for a significant catalyst, like widespread job losses, for a market crash to occur. Throughout the discussion, both Nick and Jamison underscore the influence of various factors on the housing market, such as job markets, supply, and local economic conditions, expressing confidence in the stability of the housing market in areas like Phoenix, driven by factors like job availability and affordability.

In this episode Jamison, Heather, Bart & Bella discuss various topics related to real estate and housing trends. Jamison began by discussing Little Miss BBQ that canceled a new location due to rising costs, interest rates, and construction expenses. They then shift the conversation to a new Mattel adventure park being built in Arizona, which is seen as a positive addition to the area. They touch on the reasons people are drawn to living in Phoenix despite the extreme heat, mentioning factors like outdoor activities at night and water conservation efforts. The discussion moves to housing market predictions from Goldman Sachs, indicating a somewhat flat market for the next two years, followed by a gradual increase in prices. They analyze the challenges posed by rising home prices and interest rates, leading to a situation where median income earners cannot afford more than half of the homes in the US. However, they also emphasize the value of renting and saving for the future, especially as younger generations prefer renting for its flexibility and affordability. Jamison talks about the evolving mindset towards homeownership and the importance of investing in passive income streams, considering the changing economic landscape. They share examples of individuals leveraging different sources of income to achieve their goals. The conversation then turns to the idea of converting vacant office spaces into housing, considering the high vacancy rates in major cities. While there's interest in this conversion, challenges like building layouts, plumbing, and electrical systems are highlighted. It is also mentioned that there may be a potential decrease in the value of office buildings by 2030 due to the shift in demand and usage patterns. Overall, the discussion covers various aspects of real estate, housing affordability, and market dynamics.

This podcast episode explores the dynamics of networking, mentorship, and community-building, providing valuable insights for personal and professional development. The conversation starts by distinguishing between internal and external relationships: internal being community and external being networking. The dialogue emphasizes that both spheres are crucial, with community forming the core of one's support system, while networking extends one's connections and opportunities. In the context of mentorship, the importance of actively applying the advice received is stressed. It is suggested that a unique method of teaching helps solidify what's learned to reinforce understanding. This technique not only solidifies one's own grasp of the knowledge but also enhances communication skills and encourages a deeper engagement with the mentorship process. Networking is presented as a skill to be honed, particularly for those new to the practice. Overcoming initial discomfort and vulnerability is advocated as a way to initiate conversations. The hosts propose finding common ground as a starting point, allowing for walls to come down and meaningful dialogues to flourish. They recount their experiences of stepping into networking events feeling uneasy but emerging with new connections and a sense of accomplishment. The concept of community-building is explored with an emphasis on authenticity and support. The hosts share the value of uplifting others, hyping each other up, and genuinely connecting. They encourage intentional check-ins with community members, recommending activities that align with shared interests to foster deeper connections. Ultimately, the podcast underscores the symbiotic relationship between mentorship, networking, and community, urging listeners to actively engage in these realms to foster growth and success.

In this episode of "Kiss My Assets," Jamison Manwaring, co-founder and CEO of Neighborhood Ventures, discusses various topics related to the real estate and housing market in the Phoenix Metro area. He is joined by Bart Diehl, Director of Marketing, and Heather Andrews, Investor Relations. They start by discussing recent transactions in the Phoenix Metro area, focusing on the multi-family sector. Despite a decrease in transaction volumes, those that are occurring are at attractive sell prices for sellers. They highlight several apartment buildings that have been sold recently, discussing their price per unit and per square foot. The discussion then shifts to the factors affecting the real estate market, including the impact of interest rates on property values. The hosts also delve into the changing landscape of Phoenix, highlighting new developments such as a planned tall tower, a Google data center, and a tech plaza by George Kurtz. They explore how these developments are reshaping the city's skyline and economy, as well as how Phoenix is attracting businesses and individuals from states with higher taxes and living costs. The episode covers the ongoing need for housing development in Phoenix due to population growth. They discuss the challenge of NIMBY-ism (Not In My Backyard) and the balance between accommodating housing demand while managing concerns about congestion and infrastructure. Jamison also addresses recent trends in pay raises surpassing inflation, suggesting a return to a more normalized economic state. Additionally, they analyze the surprising trend of old homes costing more than new ones, speculating on potential factors driving this market anomaly.

During the Q3 2023 Investor Livestream, co-founders John Kobierowski and Jamison Manwaring discussed their real estate projects and provided insights into the current market situation. Notably, they revealed their focus on managing existing properties rather than sales due to prevailing low interest rates and tight credit conditions. They also shared updates for investors, including details about monthly distributions, the utilization of cash balances for investments, and an upcoming property event. The NV REIT's expansion potential was highlighted, along with the introduction of an "auto-invest" feature, allowing automatic investments and reinvestment of dividends. The conversation revolved around the dynamic Arizona multi-family housing market. John elaborated on the demand for high-quality multi-family properties driven by factors like millennials' preference for renting and limited single-family home availability. The co-founders emphasized their strategic property selection approach, targeting core neighborhoods, small to medium-sized buildings, and strategic renovations. They provided insights into various ongoing projects, including occupancy rates and rental income. The Q&A session addressed investor inquiries, spanning topics like REIT acquisitions, property sales, expansion beyond Arizona, and the timing of cash flow generation for projects. They discussed challenges in the lending environment and market dynamics. Despite expansion possibilities, the co-founders underlined their commitment to Arizona, given its strong market conditions and their deep understanding of the region.

In this episode of "Kiss My Assets," host Bella Hoffman welcomes a group of female professionals in investor relations, finance, and marketing at Neighborhood Ventures to discuss women in multi-family real estate and finance. The group discussion includes Heather Andrews, Heidi Butler, and Amanda Schwicht. The conversation revolves around their roles at Neighborhood Ventures and how they relate to finance and multi-family real estate. The discussion shifts to the concept of readiness when it comes to finances. They discuss a quote that resonates with them: "If you wait until you're ready, you'll never be ready." They reflect on moments in their lives when they felt unprepared to start investing or managing finances and share their experiences of transitioning from seeking security to seeking financial freedom. The group also touches on women's evolving roles in finance and investing. They talk about how younger generations are starting to focus on their finances earlier in life, breaking away from the traditional trend of delaying financial planning until later years. They explore the idea that women tend to view money as a means to security, while men often see it as a means to freedom. They converse about their paths that range from a passion for finance and numbers, being inspired by the company's vision, learning from mentors, and finding opportunities for growth and impact. The participants share advice for those looking to achieve financial independence. They stress the importance of self-education, seeking mentors, asking questions, and not waiting until you feel 100% ready to take action. The conversation closes with an emphasis on the significance of taking charge of one's financial future, breaking down taboos around discussing money, and fostering a supportive community of women in the finance and real estate sectors. You can watch them on video through our YouTube page down below: Part 1: https://youtu.be/oui0T-fr9nY Part 2: https://youtu.be/J6hWXV3q6V8 Part 3: https://youtu.be/gtiyDokT5Hw

In this episode of "Kiss My Assets," Jamison Manwaring, CEO of Neighborhood Ventures, hosts a discussion with Heather Andrews and Bart Diehl about various trends and insights in the Arizona and multi-family housing markets. They start by discussing the recent inflation numbers, which show a decrease in inflation growth from a year ago, attributing this positive change to efforts by Jerome Powell and the Federal Reserve. The conversation then shifts to the migration patterns in cities, particularly focusing on Portland, which has seen a decline in population due to safety concerns, rising costs, and other issues. They analyze a report that examines migration trends over the last decade, highlighting areas of economic growth and decline across the United States. The discussion emphasizes the importance of investing in areas that are experiencing growth and adapting to changing economic landscapes. They talk about Texas as a prime example of a state attracting businesses and individuals due to its business-friendly policies and lower cost of living compared to other urban areas. The conversation then turns to the multi-family housing market. They delve into how the demand for rental units is increasing, with higher-wage households choosing to rent due to rising home prices. They discuss the relationship between supply and demand, noting that while there is some increase in apartment supply, the demand is still strong, leading to shorter vacancy times and higher lease applications. Jamison, Heather, and Bart highlight the importance of a long-term investment mindset in real estate, emphasizing the need to focus on trends and data over extended periods rather than short-term market fluctuations. They discuss the implications of these trends for real estate investors, suggesting that multi-family properties remain a solid investment choice due to ongoing demand and changing preferences in housing.

In this episode, two Gen Z members, Bella Hoffman and Ethan Harrison, as well as two Millennials, Heather Andrews and Bart Diehl engage in a discussion. The group delves into several key aspects of this decision, including financial stability, flexibility, maintenance responsibilities, lifestyle alignment, affordability, and personal goals. Throughout the conversation, the participants share their thoughts, experiences, and opinions, shedding light on the advantages and drawbacks of each option. They discuss the financial implications of both owning and renting, with some participants emphasizing the investment aspect of homeownership, while others highlight the financial freedom and flexibility of renting. The conversation also explores the practicalities of property maintenance and repair costs, with renting generally being perceived as alleviating such burdens. The group offers insights based on their current life stages and priorities. Generation Z members express a preference for renting due to their evolving careers, desire for flexibility, and the convenience of having maintenance handled by landlords. On the other hand, the Millennials discuss their experiences transitioning from renting to homeownership, noting the shift in priorities as they look to establish roots, build equity, and accommodate their growing families. The debate touches upon the fluctuating dynamics of the housing market, the impact of interest rates, and the availability of homes for purchase. The participants acknowledge that personal circumstances heavily influence the decision-making process and that both options can be viable depending on individual goals.

In this episode of "Kiss My Assets," CEO of Neighborhood Ventures is joined by Bart and Heather, they discuss various topics related to investing and real estate. They begin by analyzing a study conducted by an Australian research group that ranked Phoenix as the fourth most cost-effective city globally. They explore factors such as income tax rate, inflation rate, apartment costs, average income, utility costs, and grocery expenses, highlighting the overall affordability and desirability of living in Phoenix. The hosts then delve into the current state of the US housing market and analyze the housing sales data for May. They discuss the recent increase in housing sales, which indicates growing demand and confidence among builders, despite higher interest rates. The hosts emphasize the importance of housing investments, particularly in the multifamily sector, given the increasing demand for rental properties in areas like Phoenix. The episode concludes with a discussion about the FIRE (Financial Independence Retire Early) concept, which encourages individuals to save aggressively and achieve early retirement. While the idea is valuable in promoting financial security, the hosts warn against becoming overly frugal and neglecting to enjoy life after reaching financial independence. They encourage finding a balance between saving for the future and savoring the present, making investments that align with individual goals, and exploring ways to experience happiness and fulfillment throughout the journey to financial independence.

This podcast episode of the "Kiss My Assets" podcast, where the hosts discuss real estate investing. The hosts, Jamison Manwaring (CEO of Neighborhood Ventures), Bart Diehl (Director of Marketing), and Heather Andrews (Investor Relations), introduce themselves and express their passion for tangible assets that generate monthly cash flow and passive income. They start by discussing a home that was sold out immediately at Home Depot for $43,000, which resembles a tiny home. Bart expresses his preference for more space and believes there are better options available. They then discuss the cost of buying versus renting across the United States and note that it currently makes more financial sense to rent in most areas, except for a few markets like Detroit, Philadelphia, and Cleveland. The hosts read comments from their YouTube channel, where millennials and Gen Z viewers share their experiences and opinions on buying homes. They mention the changing psychology of younger generations towards renting and the necessity of locking in rent costs due to potential income limitations in the future. The conversation then shifts to the concept of supply and demand in real estate investing. They explain the relationship between supply, demand, and price using the supply-demand curve and discuss how the current housing market is experiencing a shortage of supply compared to the demand, leading to higher prices. The hosts share data from the Phoenix housing market, mentioning that home prices are expected to continue rising, contrary to expectations. They also analyze the multifamily market, noting a decrease in sales volume and a decline in price per square foot. However, the demand for rental properties remains strong, and new apartment units are being delivered to the market, although at a lower rate compared to other growth markets. They emphasize the importance of taking a long-term view in real estate investing, considering factors like wages, supply-demand dynamics, and macroeconomic trends. They then take a commercial break to promote the Neighborhood Ventures REIT (Real Estate Investment Trust), which offers investors the opportunity to invest in cash-flowing multifamily assets with a minimum investment of $1,000. Heather explains the reasons behind the popularity of the REIT, highlighting the immediate cash flow and long-term growth potential it offers. She also mentions the auto-invest feature that allows investors to start with $1,000 and gradually increase their investment.

In this episode of "Kiss My Assets," Jamison Manwaring, CEO of Neighborhood Ventures, and co-founder John Kobierowski discuss their latest real estate project, Venture on 36th Street. They talk about the location of the property, which is near Arcadia and Biltmore, and highlight the abundance of employment opportunities in the neighborhood. Although the property mainly consists of one-bedroom units, they explain that these units rent well due to the low rental rates and lack of proper management. They plan to step in, improve the property's condition through cosmetic renovations, and raise the rents accordingly. The previous owner had already made some beneficial changes, such as converting the property to individually metered units and updating the air conditioning systems. They also mention the potential for further development in the area, as other big developers have already begun projects nearby. The property's location close to freeways and amenities adds to its appeal. Jamison and John emphasize that the property meets their investment criteria of being below market rent and requiring renovations without heavy lifting. They discuss the budget for the renovations and express confidence in their design team's ability to transform the property aesthetically. The discussion touches on various aspects of the property, including the addition of covered parking, new paving, and improved signage. They anticipate a three-year hold period, during which they will work with current residents, release units, and generate cash flow before starting to pay distributions. They also consider the current interest rate environment and project that even a slight decrease in interest rates in the future would significantly enhance the property's cash flow and profitability. They expressed their excitement about the project and mentioned that they are actively fundraising to secure investments for it. Overall, this episode provides an overview of the Venture on 36th Street project, highlighting its location, potential for rental increase, and strategic investment approach. Jamison and John showcase their expertise and confidence in the project's success, considering both current market conditions and future prospects.

In this episode of "Kiss My Assets," Jamison, Heather, and Bart discuss the high cost of rents and the shifting attitudes towards homeownership. They mention that the median renter in the US spends 30% of their income on rent, which is still a significant amount. Rent prices have slightly decreased from the previous year, but owning a home is generally more expensive than renting, except in certain areas like Detroit, Philadelphia, Cleveland, and Houston. The hosts also attribute the increase in rents during the pandemic to the rising costs of houses and the low interest rates provided by the Fed, which made buying homes more affordable. They discuss the changing perception of the American dream, with fewer people considering homeownership as a good investment. In 1978, 53% of respondents wanted to own a home, while in 2023, only 21% expressed optimism about homeownership. Millennials and Gen Z are more inclined to prioritize flexibility and the cost of renting over the long-term commitment of owning a home. They value experiences and quality of life more than traditional notions of the American dream. The hosts also touch upon the preferences of Gen Z, who are interested in living near cities but in suburban areas, combining the best of both worlds. They prioritize technology and amenities, making sure properties are tech-savvy and offer high-speed Wi-Fi. The importance of online presence and virtual tours is highlighted for property managers to attract these digital-native renters. Furthermore, the discussion touches on the role of water in multifamily developments, particularly in Arizona. The hosts mention the concerns about the Colorado River and how President Biden has become involved in the negotiations between California and Arizona to address the water issues. Overall, the episode delves into the affordability of rents, the changing perception of homeownership, the preferences of millennials and Gen Z, and the importance of technology and water management in multifamily developments.

In this episode of "Kiss My Assets", hosts Jamison Manwaring and Heather Andrews interview James Nelson, a real estate professional with a background in commercial real estate development. They discuss the differences between opportunities in New York City and places like Phoenix, highlighting James' recent property showings and the unique potential for development in each location. James shares his journey into real estate, from starting as a sales associate to becoming a partner in Massey Knakal Realty Services, emphasizing the importance of handling failure and challenges in the industry. The conversation also delves into the hosts' experiences in the real estate industry, including interactions with famous individuals and professional athletes who have invested in their fund. They explore the value of real estate as an asset, recognizing its limited nature and the desirability and long-term value of properties in New York City. Overall, the episode provides insights into James Nelson's background and experiences in commercial real estate, as well as the dynamics and opportunities in the industry, particularly in relation to New York City. Moving on, the speaker discusses various aspects of real estate investing and offers valuable advice. They emphasize the importance of understanding one's goals and available resources when entering the real estate market. While some may be drawn to development and redevelopment projects for potentially higher returns, the speaker suggests considering cash-flowing properties as a viable option. They highlight the significance of being well-informed about the market, studying comparable sales, and comprehending specific metrics of the asset class and neighborhood being considered. Underwriting a property is also discussed, with an emphasis on the need for financial modeling expertise. The speaker emphasizes the importance of understanding property value and the market, going beyond book knowledge by researching comparable sales and understanding the underlying factors behind them. They advocate for exploring off-market opportunities, conducting thorough research, and building relationships to discover potential investment gems. The conversation concludes by encouraging aspiring investors to start early, seek partnerships with experienced operators, and embrace mistakes as learning opportunities in the ever-rewarding world of real estate. Together, these discussions provide valuable insights into the real estate industry, covering topics such as market dynamics, development potential, handling challenges, financial modeling, and the importance of research and relationship-building. Whether exploring opportunities in New York City or considering different investment strategies, these conversations offer guidance for aspiring real estate professionals and investors.

This episode of Kiss My Assets features Jamison Manwaring, CEO and co-founder of Neighborhood Ventures, and John Kobierowski, co-founder of Neighborhood Ventures and CEO of ABI Multi-Family. They discuss the multi-family real estate market in the Phoenix Metro area, financing and lending issues, sellers holding, and interest rates. According to John, there is a need for 277,000 apartment units over the next 10 years in Arizona, but the construction is not keeping up with the demand. They discuss the supply chain issues and delays caused by the COVID-19 pandemic, resulting in a backlog of units to be delivered even today. They anticipate a drop-off in new unit deliveries by the end of 2024. Despite the need for more units, property owners are hesitant to sell due to rising interest rates and the reluctance to take on debt at higher rates. They discuss high-interest rates and the federal reserve increasing lending rates over the last year to cool the market. The discussion moves on to the lending landscape for multi-family properties. They explain that while regional banks are facing credit crunches and have reduced lending on commercial real estate, multi-family properties still have lending options available through agencies like Fannie Mae, Freddie Mac, and HUD. These government-sponsored lenders have a directive to lend on multi-family housing, making it a more favorable investment option compared to office buildings or other commercial real estate. Despite the tightening lending options, Jamison and John see this market situation as an opportunity. They highlight their good understanding of the market, strong banking relationships, and the ability to raise capital quickly as advantages that allow them to be opportunistic in purchasing properties. They believe that competition from other buyers may be limited due to their lack of access to financing and capital, potentially leading to attractive buying opportunities in the midsection (3-5 million) of the market.

Episode 127 of Kiss My Assets Features Bart Diehl, Director of Marketing, Amanda Schwicht; Marketing Analyst, and special guest Carrie Dewaters. Carrie moved to Arizona from New Jersey in 1998 and for the last nine years has worked as a real estate agent here in Arizona. Carrie is an investor in multiple of our projects, starting with Venture on Villa Hermosa. Carrier and our team discuss how starting small with her investments helped her build trust and confidence in Neighborhood Ventures. As the process went smoothly she became increasingly more involved in our projects. The investor acknowledges their satisfaction with the communication aspect of Neighborhood Ventures, praising the responsiveness and thorough explanations provided by the team, especially mentioning Heather's promptness in addressing inquiries. The easy accessibility of information through the website is also commended, fostering a positive investment experience. When asked what financial advice Carrie would give her younger self, she reflected on her journey and how she didn't know where and how she should save and invest her money. They emphasize the importance of taking calculated risks, diversifying investments, and prioritizing savings. The investor also mentions their preference for conservative investments aligned with Neighborhood Ventures' approach and their aversion to the stock market's volatility. The conversation moves to expressing interest in exploring the real estate market further, and the current challenges of finding suitable investment opportunities in the current market.

In this episode of the "Kiss My Assets" podcast, Bart Diehl, Heather Andrews, and Jamison Manwaring discuss the current state of the U.S. housing market. Despite interest rates doubling in the past 18 months, house prices remain high and steady due to the lack of supply on the market. The panel notes that this trend is happening all over the U.S, but is now also affecting Arizona. Specifically, Phoenix has seen a high demand for housing due to its quality of life and increase in job opportunities, resulting in a shortage of supply and more people renting apartments. The three also discuss the impact of the pandemic on the real estate market, with more people working from home leading to a decline in the office real estate market. They mention Maricopa County's high net migration and how malls are being transformed into multifamily buildings, while light rail construction is underway to improve transportation. The group sees this as a significant opportunity for the growth in the Phoenix Metro area. The conversation continues with a focus on the amenities of luxury multifamily complexes, which offer everything in one place, such as grocery stores, movie theaters, gyms, and rooftop pools. The group highlights Park Central, a mixed-use development with around a thousand units, shopping, and grocery stores, located near the light rail in central Phoenix, as an example of this trend. They also discuss Lifetime, a luxury gym brand branching out into multifamily with their first 11-story apartment tower in Arizona. Overall, the group notes that these projects reflect a maturing of the Phoenix area and the need for more housing to keep up with the demand as more people move to the region. Articles Mentioned: https://www.bizjournals.com/phoenix/news/2023/05/01/gpec-phoenix-selectusa-delegation-arizona.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&utm_term=phoenix_morning_call https://www.globest.com/2023/05/01/one-in-three-office-buildings-are-ripe-for-residential-conversion/?kw=One%20in%20Three%20Office%20Buildings%20are%20Ripe%20for%20Residential%20Conversion&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20230501&utm_term=rem&enlcmp=nltrplt4&oly_enc_id=1349H2825812H4V&slreturn=20230404142032 https://www.globest.com/2023/05/01/home-buyers-still-pursue-cross-country-moves-to-affordable-locations/?kw=Home%20Buyers%20Still%20Pursue%20Cross%20Country%20Moves%20to%20Affordable%20Locations&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20230501&utm_term=rem&enlcmp=nltrplt4&oly_enc_id=1349H2825812H4V https://www.globest.com/2023/05/01/first-republic-bank-sold-to-jpmorgan-chase/?kw=First%20Republic%20Bank%20Sold%20to%20JPMorgan%20Chase&utm_source=email&utm_medium=enl&utm_campaign=nationalamalert&utm_content=20230501&utm_term=rem&enlcmp=nltrplt4&oly_enc_id=1349H2825812H4V https://www.globest.com/2023/05/02/multifamily-fundamentals-are-beginning-to-stabilize/?kw=Multifamily%20Fundamentals%20Are%20Beginning%20to%20Stabilize&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20230503&utm_term=rem&oly_enc_id=1672A8196145A2U https://fortune.com/2023/04/02/housing-market-home-sellers-go-on-strike-home-prices-spring-real-estate/ https://azbigmedia.com/real-estate/phoenix-among-top-10-markets-for-multifamily-investment-in-2023/ https://www.bizjournals.com/phoenix/news/2023/03/28/life-time-paradise-valley-mall-redevelopment.html https://www.bizjournals.com/phoenix/news/2022/02/15/apartments-grocery-construction-former-valley-mall.html https://www.bizjournals.com/phoenix/news/2023/03/31/iconic-mall-redevelopment-apartment-projects.html

In this Livestream, CEO Jamison Manwaring and President of Real Estate, John Kobierowski, talk about our current real estate projects and the market in general. They emphasize how we focus only on multifamily properties and in the foreseeable future will not take part in any commercial projects. With respect to our latest project, Venture on 17th, Jamison and John discuss the success of raising $2.4 million in less than 24 hours from 189 investors. As the conversation continues, they dive deeper into our other real estate projects. Venture at Route 66 is seeing increasingly high demand as a short term rental. Venture on 12th Place is finishing the final touches on units and has been turned over to our management company to start leasing. Venture on Country Club continues to perform as a highly booked vacation rental in the city of Mesa and will likely be converted to a multifamily property come summer of 2023, impending Mesa city approval. Venture on Broadway, our first and only retail project, has 2 operating tenants: Dunkin Donuts and Burger Rush. Further, the businesses will be fully operational within the week. For property acquisitions in the near future, the two mention that Neighborhood Ventures is interested in buying stabilized assets that are running smoothly, however, will remain highly selective in acquiring new properties that fit our investment strategy. In addition to giving updates on our current properties, Jamison and John re-introduce our newest offering, NV REIT, which allows investors all over the U.S. to invest in a diversified portfolio of multifamily properties with as little as $1,000. Jamison and John are confident about the multifamily market in Arizona and the Sunbelt region, citing strong demand and a lack of housing supply to meet the growing population's needs. With respect to NV REIT, investors can reinvest their distributions into more shares of NV REIT. Although we cannot publicly disclose how much NV REIT has fundraised, Jamison mentions that they have raised several million and have well over 200 investors. Overall, Jamison and John provide a comprehensive overview of our company's real estate projects and their perspective on the market. They share insights into our investment strategies, confidence in the multifamily market, and plans for future expansion.

In this episode of the "Kiss My Assets" Bart Diehl hosts special guests; Harry Su and Kyle Duffy, who are the founders of the Arizona State University Real Estate Club. Kyle is a senior at ASU and is currently working under a senior broker at LevRose Commercial Real Estate Brokerage. Harry, a junior at ASU, has been working full-time at CBRE for the last year. After realizing there was no dedicated real estate club on campus, Kyle and Harry along with one other decided to start the club. They discuss the initial conversation that sparked the idea and their vision for the club's future. Harry expresses his excitement about taking over the club and outlines their plans, which include building an all-inclusive hiring portal focused on real estate to provide students with educational opportunities and job placements. The interview further explores the challenges and experiences of entering the real estate industry. Harry shares his personal story of meeting his boss on a beach in Mexico and emphasizes the importance of networking and building relationships in the field. Kyle went to five brokerage firms before he got his foot in the door. They also discuss the difficulty some students face in finding career opportunities and how the real estate club aims to address this by providing education and job connections. In addition to the ASU real estate club, the founders talk about how the two found out about Neighborhood ventures, that being Venture on Broadway. The students discussed how they love the transparency of Neighborhood Ventures and how we give everyone, not just accredited investors the opportunity to grow their wealth through real estate investing. Overall, the episode provides insights into the origins and goals of the Arizona State University Real Estate Club, highlighting the importance of networking, education, and job opportunities in the real estate industry. It also showcases the enthusiasm and dedication of the club's founders in shaping the future of the club and empowering students in their pursuit of careers in real estate. ASU Real Estate Club Website: http://www.realestateclubatasu.com/ Instagram: https://www.instagram.com/realestateclub_asu/ LinkedIn: https://www.linkedin.com/company/the-real-estate-club-at-asu/ State Press Article: https://www.statepress.com/article/2023/03/asu-real-estate-club-helps-students-through-networking-education Learn more about our properties and investing through our website: https://neighborhood.ventures/

In this episode of "Kiss My Assets," we welcome special guest Alexandra Arboleda, an attorney who specializes in water law in Arizona. Here, we discuss the water situation in Arizona, which is a topic of concern for many investors. The conversation revolves around the sources of water in Arizona, including groundwater, Colorado River water, surface water supplies, and reclaimed water. Arboleda discusses the potential impact of water shortages on cities and the timing of restrictions, while putting an emphasis on the importance of conservation measures and the implementation of restrictive measures as the water shortage worsens. It is noted that agriculture accounts for a significant portion of water usage in Arizona, with approximately 70-80% of water supplies being used for agriculture. The conversation highlights the efforts made in Arizona to conserve water, including the implementation of conservation requirements for municipal, industrial, and agricultural users. The restriction of new agricultural lands since 1980 has also contributed to water conservation. The interviewee emphasizes the need for a combination of strategies such as conservation, water reuse, augmentation, and the adoption of new technologies to ensure a sustainable water supply in the future. Regarding long-term investments in Arizona, the interviewee advises considering the location of the property, the water provider's portfolio, and the resilience and management of their water supplies. If the water sources are diverse and well-managed, investing in Arizona is seen as a viable option due to the state's growing economy. Overall, an overview of the water situation in Arizona, including the challenges posed by water shortages and the measures being taken to address them. It emphasizes the importance of water conservation and the need for a multi-faceted approach to ensure a sustainable water supply in the future.

In this episode of "Kiss My Assets," Jamison and John discuss a new project called Venture on 17th, a 22-unit townhome building in Uptown Phoenix that they are currently in the process of purchasing for $7.125 million. John highlights the advantages of buying this property below its replacement cost and mentions that we are acquiring the property on a really good deal. He also emphasizes that the building is well-built, easy to maintain, and located in an up-and-coming area. The conversation shifts to the current market conditions and the timing of buying and selling buildings. John explains that it's not the best time to sell assets, but it presents an opportunity to buy properties at discounted prices. They discuss the lending market and how multifamily properties have more financing options compared to other commercial real estate assets. John mentions that although there may be some tightening in regional banks' lending practices, multifamily properties always have lenders available due to the government's support for housing. The hosts then delve into the specifics of the building they are purchasing, noting that it is well-leased but has a few vacancies. They recognize that the current rents are below market value and plan to bring them up to market rates, which will improve cash flow. The hosts mention that their property management team gave positive feedback about the building, expressing confidence in its rental potential and highlighting its overall appeal. They discuss their strategy of holding the property for three years and gradually implementing small improvements to increase profitability. Overall, this episode of "Kiss My Assets" focuses on Jamison and Johns' excitement about their ongoing purchase of Venture on 17th, a well-built property in a promising location. They emphasize the advantages of buying below replacement cost, the availability of financing options for multifamily properties, and the potential for increased cash flow by bringing rents up to market rates. They also highlight the importance of their property management team's feedback and express confidence in their ability to execute successful projects in the current market conditions. To learn more about investing in this project, check out the link below! https://linktr.ee/neighborhood_ventures?utm_source=linktree_admin_share

In this episode of "Kiss My Assets," Jamison Manwaring and Bart Diehl, the Director of marketing at Neighborhood Ventures, discuss various economic events. They start by talking about the recent takeover of Silicon Valley Bank by the federal government to secure the deposits of its clients. The move provided confidence to other banks and depositors, preventing a potential run on banks. While some regional banks experienced a temporary decline in equity value, the situation seems to be settling. The conversation then shifts to an article titled "Why The Recession is Always Six Months Away," which explores the state of the economy. The government's stimulus measures have left households and businesses financially strong. However, there are shortages of materials and workers, leading to a mismatch between available cash and resources. This imbalance has contributed to inflation. Some experts predict that the economy will take longer to cool down, resulting in higher-than-expected interest rates for an extended period. The two also discuss the concept of the "Godot recession," where economists predict a recession will occur in six months, perpetually. Despite the aggressive interest rate hikes by the Federal Reserve, consumer spending remains strong. Demand for housing in places like Phoenix, where Neighborhood Ventures operates, continues to be robust, defying expectations of a decline in value. The strong labor market, with high job growth and low unemployment rates, contributes to concerns about inflation. The conversation concludes with a discussion on the trade-off between employment and inflation. Elizabeth Warren's questioning of the Fed chair highlights the dilemma of achieving economic stability. The Fed aims to control inflation by increasing unemployment, but this approach may lead to recession. Balancing these factors is crucial to maintain economic equilibrium. Overall, the discussion revolves around recent economic events, such as the Silicon Valley Bank takeover, inflation concerns, and the interplay between employment and inflation in the broader economy. Article Referenced: https://www.wsj.com/articles/godot-recession-federal-reserve-powell-d50ba71f Video Referenced: https://www.youtube.com/watch?v=7Nh9F3BBwSs

In this episode of "Kiss My Assets," hosts Jamison Manwaring and Heather Andrews discuss various topics related to real estate investment trusts (REITs) and the current real estate market. They mention an article from AZCentral that compares homeownership with investing in REITs, coinciding with the launch of NV REIT by Neighborhood Ventures. They highlight the benefits of investing in a REIT, such as diversification, avoiding interest rates, and not having to manage a property. They also touch on the tax benefits of REITs and advise against buying rental properties as a hobby unless one has the necessary skills. Our Team mentions a Forbes article that provides a guide for choosing a REIT, emphasizing the importance of understanding the different types of REITs, analyzing the business model, reviewing dividend history and cash flow trends, and assessing the debt ratio. Our team appreciates the simplicity and transparency of investing in apartment buildings through their own REIT and emphasizes the tax benefits associated with REITs. The discussion moves on to the current state of the real estate market, specifically the standstill between buyers and sellers. Sellers are hesitant to lower their prices due to the memory of low-interest rates in 2021, while buyers are cautious due to high financing rates. However, we see this as an opportunity for buyers to negotiate lower prices and acquire properties at a discount. They mention the ongoing demand for buildings in high-growth areas like the Sunbelt region, particularly Phoenix, which ranks number eight among the top preferred markets according to a CBRE survey. The two also highlight the positive economic growth in Phoenix, with a high quality of life and a diverse job market. They mention the creation of well-paying jobs in sectors that require education and trades. Additionally, they discuss exciting projects to watch in the Phoenix area, including the Taiwan Semiconductor plant, the Intel Core expansion, and the investment in electric vehicles, which will further boost the local economy and job market. Overall, this episode provides insights into the benefits of investing in REITs, tips for choosing a REIT, and an overview of the current real estate market in Phoenix, emphasizing its growth and investment potential.

On this episode of "Kiss My Assets," Jameson Manwaring co-founder and CEO of Neighborhood Ventures is joined by Ted Araya, a valued investor, and Heather, an investor relations representative. They discuss Ted's experience as an investor and his appreciation for the opportunities provided by Neighborhood Ventures. Ted mentions attending their events and bringing his young son to help him understand investing and the potential it holds. Jamison expresses admiration for Ted's mindset and looks forward to discussing investing with other young individuals. Ted shares his belief in the mantra of "iron sharpens iron" and how he learns from Jamison's insights and aims to pay it forward to others in his community. Ted emphasizes the importance of having a supportive network like Neighborhood Ventures and individuals like Jamison, especially as a parent and an impactful member of the community. He mentions the common question of how to manage parenthood and community involvement and credits the support he receives for enabling him to balance these responsibilities. Ted also shares some details about his background, being the youngest of four and a first-generation American from Ethiopia. He explains how his parents' entrepreneurial spirit influenced him to pursue real estate and how he gradually built his portfolio, overcoming market challenges along the way. Ted's educational background is touched upon, with his undergraduate degree in marketing and a post-bachelor degree in Applied Leadership and Management. He talks about his first real estate transaction, which took place when he was 21 years old during the booming market of 2006. Despite the subsequent market crash, he saw an opportunity and acquired more properties over time. Ted also highlights the importance of financial literacy and sharing knowledge, mentioning his passion for teaching and inspiring others to invest in real estate. The discussion shifts to finding a balance between work, steady income, and having time for personal pursuits. Ted talks about his 20-year government job and how he aims to reach a point where he can balance it with his other activities. He mentions teaching at GCU (Grand Canyon University) and the fulfillment he derives from it. Ted advises others to reflect on their end goals and manage their money effectively. He highlights the two extremes of not making enough money and not being able to enjoy the money one makes due to excessive work. Ted believes in finding a fine balance and suggests that time management is crucial for achieving a fulfilling life. Overall, the podcast transcript showcases Ted Araya's journey as an investor, his appreciation for Neighborhood Ventures, and his desire to learn, share knowledge, and achieve a balanced life. It highlights the importance of a supportive community and the value of financial literacy in making informed investment decisions.

In this episode of "Kiss My Assets," Jamison welcomes special guest Matt Sorenson from Directed IRA to discuss retirement accounts, self-directed investing, and the benefits of investing in a Real Estate Investment Trust (REIT). They begin by introducing Matt and his book, "The Self-Directed IRA Handbook," emphasizing the importance of understanding retirement account rules and regulations. Matt explains the differences between traditional and Roth accounts, highlighting the tax advantages of Roth accounts and the backdoor Roth IRA strategy for high-income earners. The hosts stress the significance of starting early and maximizing contributions to retirement accounts for long-term wealth building. The conversation then shifts to the opportunities presented by self-directed retirement accounts, allowing individuals to diversify their portfolios beyond conventional options. The focus is on the potential tax advantages of investing in a REIT through an IRA or 401(k), such as exemption from certain taxes and no corporate tax at the REIT level. They highlight that investing in a REIT simplifies the tax process for IRA investors and provides favorable tax treatment. Addressing the technical aspects, the speaker advises accurately filling out the K-1 form, indicating that the partner is a retirement plan or IRA. They stress the importance of reviewing the K-1 form as it may contain information related to Unrelated Business Income Tax (UBIT) or Unrelated Debt-Financed Income (UDFI) that could impact tax liability. The discussion also touches on the necessity of a fair market valuation of IRA accounts for filing the 5498 form with the IRS. Regarding the decision to set up an LLC for checkbook control or rely on a custodian, the speaker suggests consulting with a financial advisor or accountant based on individual circumstances. They mention that setting up an LLC with checkbook control may be beneficial for investors looking to engage in multiple assets or participate in an investment club. Overall, this episode of "Kiss My Assets" provides valuable insights into self-directed retirement accounts, the tax advantages of investing in a REIT through retirement accounts, accurate reporting on the K-1 form, fair market valuations, and the considerations when deciding between an LLC or a custodian for checkbook control. Listeners are encouraged to take control of their financial future through informed investing and explore the opportunities available within self-directed retirement accounts.

In this special episode of "Kiss My Assets," We have Jamison Manwaring (cofounder and CEO), Heather Andrews (Investor Relations), and Amanda Schwicht (Marketing Analyst) discussing our brand new investment product, the NV REIT, and address questions from investors. The REIT, which stands for Real Estate Investment Trust, offers a different investment structure compared to their individual projects. The hosts explain that a REIT allows investment companies to avoid double taxation by distributing at least 90% of earnings back to investors, who then pay taxes on capital gains or distributions. The NV REIT focuses on holding multifamily properties for the long term, which are already generating cash flow for investors. This differs from investing in individual projects that may require renovations and have a longer period before generating cash flow. They emphasize the benefits of the NV REIT, including providing a convenient and centralized platform for investors to access information and feel confident and educated about their investments. They discuss the decision-making process behind including specific properties in the REIT, highlighting factors such as increased appreciation potential, location, and the condition of the buildings. Additionally, Jamison also mentions plans to invest in ground-up projects, taking advantage of market conditions and offering investors a set rate of return. They also address the advantages of the REIT, such as allowing non-Arizona residents to invest and providing a diverse portfolio of properties for investors to choose from. They go on to discuss the advantages of investing in the NV REIT for older investors, despite the long-term hold nature of the investment. They mention that immediate distributions and the opportunity for passive income make the REIT appealing, as well as the potential to pass the investment onto future generations. Our team also addresses the continuing availability of individual projects for those who prefer shorter-term commitments and want to invest in specific properties. They highlight the flexibility of the NV REIT, which is open 24/7 for investments, compared to the timing limitations of individual projects. The episode concludes with Jamison announcing the first acquisition of the REIT, Venture on Williams, and discussing its favorable qualities. Overall, the episode provides insights into the structure and benefits of the NV REIT, including its tax advantages, long-term cash flow, diverse property portfolio, and flexibility for investors. The hosts address common questions and concerns from investors while highlighting the unique features of the REIT that make it an attractive investment option.

In the Q1 2023 investor live stream hosted by Heidi Butler and Jamison Manwaring the launch of NV REIT was introduced. The crowdfunding offering allows residents to invest in a diversified portfolio of multifamily properties, primarily located in Arizona, the Mountain West, and Sunbelt regions. The REIT is expected to generate annual total returns of 10% to 15%, with monthly cash distributions of 5% to 7%. Neighborhood Ventures focuses on medium-sized buildings near public transportation and employment centers. This livestream also touches on ongoing projects and renovations by Neighborhood Ventures, driven by the increasing demand for multifamily housing, particularly in the thriving Arizona market. The company plans to continue individual projects alongside the NV REIT, and some projects may be exclusive to Arizona residents. Investor inquiries reveal that Neighborhood Ventures is actively exploring redevelopment sites and ground-up construction opportunities. While their initial focus is on Arizona, they express intentions to expand gradually into other markets. The company emphasizes its successful track record and the potential for attractive investor returns. The transcript provides information on investing in a REIT, including transferring cash, investment qualifications, expected returns, tax implications, and buying and selling shares. Investors can contact the Investor Relations team or choose wire transfer for cash transfers. Both accredited and non-accredited investors can participate, with a minimum investment of $1,000. The REIT is nationally available, and returns are projected to range from 10% to 15% annually, with 5% to 7% in monthly cash distributions. When properties are sold, 80% of the proceeds are returned to investors, and existing investors have the first right of refusal to purchase additional shares. The share price is set at $100, with a minimum investment of $1,000 and additional investments allowed in $100 increments. In summary, the transcript highlights the launch of NV REIT, its investment opportunities, and Neighborhood Ventures' strategy for multifamily property investments. It underscores the company's focus on Arizona and other markets, its ongoing projects, and the potential for attractive returns. Additionally, it provides insights into investing in a REIT, including the transfer process, qualifications, expected returns, tax considerations, and share buying and selling procedures.

In this episode of "Kiss My Assets" Jamison and Heather discuss various predictions and insights related to the housing market in the upcoming year. They express excitement about Jamison being quoted as an expert by Forbes and highlight the different perspectives of industry professionals. One expert, Daniel Hale, describes the current housing market as a "nobody's market," where there are advantages for both buyers and sellers. The hosts emphasize the importance of understanding that real estate is always localized, with different factors influencing each specific area. The conversation also touches on the housing affordability crisis and potential solutions. Robert Pinnegar, the President and CEO of the National Apartment Association suggests that rent controls implemented in certain states like Oregon and California have not been effective in solving the crisis. Instead, he believes that increasing the supply of housing through new construction is a more economically logical solution. Our team discusses the impact of wages and job availability on the housing market, emphasizing that good wages can contribute to increased affordability. Furthermore, they dive into the effects of remote work on cities and the office space market. They note that while some companies are transitioning to hybrid work models, with employees working from home a few days a week, there will still be an oversupply of office spaces in metropolitan areas. They discuss the potential conversion of these office buildings into residential spaces, aligning with the growing trend of people wanting to live near their workplaces. However, they also caution that such conversions can be complex and costly, requiring significant capital investment and adherence to zoning regulations. Overall, the hosts predict a more predictable year in the housing market, with the Federal Reserve expected to keep interest rates relatively steady. They anticipate a softened market with slightly lower prices, providing opportunities for buyers. They also mention the upcoming influx of new multifamily units, which may temporarily alleviate housing shortages. However, they caution that long-term planning and careful consideration are necessary for successful conversions of office spaces into residential properties.

In this episode of "Kiss My Assets," Heather Andrews and Jamison Manwaring discuss recent developments in the Phoenix area. They recap the successful investor Open House and holiday party, which saw a significant turnout and provided an opportunity to reconnect with old acquaintances. They highlight the exciting news of a new battery manufacturing company looking to set up in Tucson, bringing 1,000 jobs and boosting the local economy. The lower cost of living and available office and warehouse space in Tucson make it an attractive location for businesses. The conversation then shifts to the plans for a new arena in Tempe, proposed by the Arizona Coyotes hockey team. The project aims to create an entire entertainment district and arena, costing $2.1 billion. The development of the Tempe Town Lake area has transformed it into a popular destination, attracting businesses and companies like State Farm. They also discuss a massive master plan community called Arizona Farms, spanning 761 acres in Pinal County. This development, a mix of multifamily and single-family homes, aims to provide housing for the growing population in the area. The hosts also touch upon the upcoming Super Bowl in Arizona, which presents a lucrative opportunity for homeowners to rent out their properties. With the influx of visitors, prices for rental homes are expected to soar, providing a chance to earn a substantial income. However, they advise potential hosts to consider the preparations and precautions necessary for successful rentals, such as depersonalizing the space and securing appropriate insurance. Lastly, they mention the expansion plans of Taiwan Semiconductor, which is building a second chip plant in North Phoenix. The company initially intended to invest $15 billion but has now decided to allocate $40 billion to the project. This expansion garnered attention, including a visit from Apple CEO Tim Cook and President Biden. The hosts emphasize the positive impact these projects have on the local economy and job market, making Arizona an attractive destination for businesses. Overall, this podcast highlights the vibrant economic activity and growth occurring in the Phoenix area, from new manufacturing facilities and entertainment districts to housing developments and major sports events. Articles Mentioned: https://www.bizjournals.com/phoenix/news/2022/11/29/corelogic-case-shiller-index-phoenix-home-prices.html?utm_source=st&utm_medium=en&utm_campaign=ae&utm_content=PH&j=29840180&senddate=2022-11-29 https://www.bizjournals.com/phoenix/news/2022/11/29/tempe-approves-coyotes-arena-development.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29845368&senddate=2022-11-30 https://www.tucsonlocalmedia.com/marana/article_fea3a5aa-7021-11ed-9440-afa848c98fc7.html https://www.bizjournals.com/phoenix/news/2022/11/30/arizona-el-dorado-holdings-homes-pinal-county.html https://apple.news/AgkxFtzUvRlScU2AOTduvnw https://www.globest.com/2022/12/02/jobs-report-thumbs-its-nose-at-inflation-concerns/?kw=Jobs%20Report%20Thumbs%20Its%20Nose%20at%20Inflation%20Concerns&utm_source=email&utm_medium=enl&utm_campaign=spotlightonalert&utm_content=20221202&utm_term=rem https://tucson.com/news/local/subscriber/battery-making-startup-could-employ-up-to-1-000-workers-in-tucson/article_84e9d048-70e6-11ed-85e3-b7a0911be899.html https://www.bizjournals.com/phoenix/news/2022/12/06/tsmc-phoenix-arizona-biden-white-house.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29901443&senddate=2022-12-06 https://www.globest.com/2022/12/05/renters-benefiting-from-more-apartment-supply/?kw=Renters%20Benefiting%20From%20More%20Apartment%20Supply&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20221205&utm_term=rem https://www.bizjournals.com/phoenix/news/2022/12/09/rentals-super-bowl-phoenix-open.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29935810&senddate=2022-12-09 https://apple.news/A1zMXjjOPQDSVr_vgJxvPNA

In this episode of the "Kiss My Assets" podcast, Jamison Manwaring, the CEO and co-founder of Neighborhood Ventures, welcomes John Kobierowski, the co-founder and president of real estate at Neighborhood Ventures, as a guest. They discuss their ongoing projects and the progress they have made so far. The focus is primarily on Venture on Country Club, which involves converting a 120-unit hotel into a multifamily residence. Currently, they are operating the property as a short-term rental while working on getting it rezoned. The hosts express satisfaction with the property's renovations and positive community impact, with a significant reduction in crime rates. They also discuss the challenges they have faced with the rezoning process. Another developer who received approvals from the city for a similar project ended up selling the property without completing the required landscaping and improvements, causing a setback for their project. However, they decided to pull back temporarily and regroup, engaging with architects, attorneys, and city council members for support. They are now pursuing a planned area development (PID) rezone, which involves collaboration with the city to meet specific zoning requirements for the property. In addition to Venture on Country Club, they touch on their retail project, Venture on Broadway, located in Tempe. They talk about the changes in the neighborhood, including the construction of luxury apartments across the street, and their efforts to attract new tenants to the property. While they faced delays and challenges with the city planning department and utilities, they are making progress with leasing and renovations, with Dunkin Donuts already signing a lease for one of the spaces. Overall, the hosts emphasize the importance of playing the long game and taking the necessary time to obtain the right approvals and make improvements to their properties. They remain optimistic about the future and are confident that their projects will succeed with the ongoing support from the community and city officials.

In this episode of "Kiss My Assets," Jamison Manwaring and Heather Andrews discuss various topics related to real estate and the economy. They start by talking about inflation and how it continues to affect different aspects of daily life. Despite the recent news of inflation moderating, the numbers are still high, especially in sectors like gas and energy, which saw an 18% increase over the past year. They also discuss how they have personally noticed inflation impacting their expenses, such as utility bills and food prices. The conversation then shifts to mortgage rates, which have seen a significant drop recently. They mention that the fixed 30-year rate is not directly tied to what the Federal Reserve does, but it has an impact on rates in the public and lending markets. Despite the drop, mortgage rates are still relatively high compared to previous years, making it important for buyers to carefully consider their options. Next, they discuss the water situation in Arizona. While there is a drought in the Western United States, including Arizona, they emphasize that the state has been prepared for such situations and has implemented effective water conservation measures. They highlight that Arizona's population has grown significantly, but water usage has actually decreased due to conservation efforts. The hosts conclude the episode by discussing job growth in Arizona. They mention that Arizona's economy has become more diverse, with industries like healthcare, manufacturing, science, technology, and retail experiencing significant growth. They highlight the positive impact of high-paying jobs in the science and tech sectors, as well as the stability provided by manufacturing jobs. Overall, the episode covers topics ranging from inflation and mortgage rates to water conservation and job growth in Arizona. It provides insights into the current economic landscape and its implications for various sectors in the state. Articles mentioned in the podcast below: https://apple.news/Air4maT8qSPiuLT16cz8v6g https://www.reuters.com/technology/apple-prepares-source-chips-arizona-plant-bloomberg-news-2022-11-15/ https://www.bizjournals.com/phoenix/news/2022/11/16/metrocenter-mall-phoenix-redevelopment-final-ok.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29727263&senddate=2022-11-17 https://apple.news/AnmHVc0PtRTmd7iUtRDvwYA https://www.bizjournals.com/phoenix/news/2022/11/18/phoenix-construction-costs-labor-challenges.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29739528&senddate=2022-11-18 https://azbigmedia.com/real-estate/residential-real-estate/heres-why-analysts-say-phoenix-housing-market-favors-buyers/ https://www.azcentral.com/story/money/business/jobs/2022/11/16/arizona-minimum-wage-increase-already-among-highest-will-rise-again-in-2023/10672592002/ Check out our YouTube channel to watch clips from this episode and many more from our Kiss My Assets podcast! https://www.youtube.com/channel/UCbglON5k8i-bRS6fSsSno_A/

In this episode of "Kiss My Assets," Jameson Manwaring and Heather Andrews discuss various topics. They mention the importance of voting and encourage their team members to vote. They also talk about the upcoming release of the Consumer Price Index (CPI), which measures inflation across a range of goods and services. The recent inflation numbers have been higher than the target rate of 2% per year, and they hope to see a decrease in the upcoming release. The hosts also discuss Arizona's water situation. Although the state has been in a 20-year drought, they highlight Arizona's proactive approach to water conservation. The article they reference emphasizes that Arizona has 1.75 times more water stored than it currently uses and is a national leader in water reuse. They mention the funding recently approved for conservation efforts and reducing water usage in agriculture. Shifting gears, they mention how millennials are increasingly choosing to move to Arizona, particularly in cities like Phoenix, Scottsdale, Tempe, and Gilbert. These areas are attracting millennials due to job opportunities and the emerging urban culture. The hosts also touch upon the real estate market in Phoenix, noting that it has fallen to the ninth hottest market but remains one of the hottest markets to watch in 2023. They discuss the growth trends in the Sunbelt region and how Arizona's performance relates to other high-growth states like Texas and Florida. Overall, the hosts provide insights into voting, inflation, water conservation, and the changing demographics and real estate market in Arizona. Article links referred to throughout the show: https://www.gpec.org/news/arizona-water-position/?utm_source=linkedin&utm_medium=social&utm_campaign=page-post https://azbigmedia.com/lifestyle/3-metro-phoenix-cities-rank-among-top-20-millennial-hotspots/ https://www.benzinga.com/markets/commodities/22/10/29470175/will-homeownership-soon-be-a-thing-of-the-past-the-strategy-millennials-are-using-to-enter-re https://www.wsj.com/articles/inflation-driven-record-rents-mean-more-people-are-piling-in-with-roommates-11666671826 https://www.bizjournals.com/phoenix/news/2022/11/02/phoenix-urban-land-institute-pwc-arizona-growth.html?utm_source=st&utm_medium=en&utm_campaign=me&utm_content=PH&ana=e_PH_me&j=29568811&senddate=2022-11-02 https://apple.news/A-BEwIn8ESMOH1oNrd2hCgw https://www.forbes.com/sites/richardmcgahey/2022/11/02/feds-rate-hikes-arent-bulldozing-commercial-real-estate--yet/?sh=54d80adc5859 https://abimultifamily.com/?a=70A5D07112843348

On this episode of Kiss My Assets, Jamison Manwaring is featured on the podcast:"Rethink Real Estate" hosted by Eve Picker. Eve, shares information about her company, Small Change, which is an equity crowdfunding platform for impact investment in real estate. She emphasizes the mission to make real estate work for everyone and invites listeners to invest as little as $250 in Small Change. Eve then interviews Jamison Manwaring, the co-founder and CEO of Neighborhood Ventures, a real estate crowdfunding company focused on value-add multifamily properties. Jamison talks about his background in finance and how his interest in analyzing businesses led him to study finance in college. He shares his experiences of networking in New York to pursue a career in finance and eventually landing an internship at Barclays Capital. However, he realized that he didn't enjoy the volatility of equities and preferred the tangible nature of real estate. After working on an IPO and getting to know people in the real estate industry, Jamison decided to move to Arizona and launch Neighborhood Ventures with a focus on crowdfunding and investing in commercial real estate. The conversation delves into the motivation behind Neighborhood Ventures, which is to make commercial real estate investment accessible to a wider audience. Jamison and his co-founder, John Kobierowski, aim to disrupt traditional capital-raising methods and provide opportunities for individuals to invest in real estate projects. They believe that real estate is a valuable asset and want to offer people a chance to participate in its growth and success. Overall, the transcript highlights the mission and goals of Small Change and Neighborhood Ventures in making real estate investment more inclusive and showcases Jamison's journey from finance to real estate crowdfunding.

In this episode of "Kiss My Assets," Jamison Manwaring, the CEO of Neighborhood Ventures, and Heather Andrews, Investor Relations associate, discuss some common questions about multifamily real estate investments. They address the topic of taking on debt for projects, explaining that while it increases risk, it is common practice in real estate due to the availability of low-interest debt. They emphasize the importance of keeping debt levels low and share their aim of keeping debt under 60% of the building's value. They also discuss the right time to sell a building, highlighting the need for investors to understand the investment timeline and the importance of generating cash flow before considering a sale. They use the analogy of an analog clock to explain their approach to buying and selling properties. Rather than trying to buy at the lowest point and sell at the highest point, they aim to buy around seven or eight and sell around 10 or 11. They mention that they prefer not to be forced to sell and consider factors such as property stabilization, cash flow generation, and interest rates when deciding on the right time to sell. The conversation then shifts to recent headlines, particularly inflation and interest rates. While inflation is decreasing, it remains higher than expected, and the Federal Reserve plans to continue raising rates until it reaches the target range of 2%. The hosts explain that it may take several months to a year for inflation to come under control. They also mention that other global economies are on the same page regarding interest rate policies. The hosts conclude by noting that despite inflation, the government has increased social security benefits to match the rise in living costs. Overall, the transcript provides insights into the use of debt in real estate investments, the timing of property sales, and the impact of inflation and interest rates on investment strategies. Articles Mentioned: https://phoenixagentmagazine.com/2022/09/27/phoenix-named-one-of-the-most-popular-cities-to-move-to-during-the-first-half-of-2022/?utm_source=emailoctopus&utm_medium=email&utm_campaign=09.29%20%20PHX%20-%20TJI https://www.realpage.com/analytics/investment-sun-belt-markets-growing-much-faster-than-gateway-metros/ https://www.washingtonpost.com/climate-environment/2022/10/03/want-career-saving-planet-become-an-electrician/ https://www.azcommerce.com/oeo/ https://www.bizjournals.com/phoenix/news/2022/10/10/valley-pandemic-rent-rise-declining-slightly.html?cx_testId=40&cx_testVariant=cx_9&cx_artPos=5#cxrecs_s https://www.apartmentlist.com/rent-report/az/phoenix https://www.globest.com/2022/09/28/higher-income-tenants-pay-the-biggest-rent-hikes-and-are-least-likely-to-miss-a-payment/?kw=Higher-Income%20Tenants%20Pay%20the%20Biggest%20Rent%20Hikes%20and%20are%20Least%20Likely%20to%20Miss%20a%20Payment&utm_source=email&utm_medium=enl&utm_campaign=multifamilyalert&utm_content=20220928&utm_term=rem Listen to the Q4 2022 Livestream here! https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/kissmyassets/KMA_108_-_FINAL_LIBSYN_mixdown.mp3

During a fourth-quarter investor live stream hosted by Heidi Butler and Neighborhood Ventures' co-founders, Jamison Manwaring and John Kobierowski, discussed the company's performance and provided updates on various projects. They stressed the importance of not relying solely on projections and cautioned investors that past performance is not indicative of future results. The co-founders highlighted the development of a proprietary investor platform. Their focus on investor experience and technological advancements demonstrates Neighborhood Ventures' commitment to enhancing the investment process. Manwaring and Kobierowski discussed the strong performance of multifamily real estate, despite global uncertainties, noting that each of their projects has met or exceeded expectations. They provided updates on ongoing renovations and shared details about new projects, showcasing the company's ability to identify value-add opportunities in desirable locations. Their emphasis on finding underperforming properties and leveraging their expertise in the real estate market highlights Neighborhood Ventures' strategic approach. The discussion also touched on the Neighborhood Interest Fund, which offers a 12% preferred annual return to accredited investors. By providing cash returns and updates on the progress of various projects, Manwaring and Kobierowski demonstrated their commitment to transparency and delivering value to their investors. They mentioned upcoming events like an investor open house and an annual investor holiday event, showcasing their dedication to building a strong investor community. Shifting focus to the Arizona real estate market, the second summary highlights its appeal to buyers, particularly for apartment buildings. Buyers from California, the Midwest, and local investors who have sold their buildings are attracted to stabilized and renovated apartment buildings that require minimal maintenance. The market's ability to attract investors from different regions indicates the growing reputation of Arizona as a lucrative investment destination. On a national level, potential buyers priced out of the single-family home market are considering multifamily properties instead. Phoenix, with its rent growth, strong occupancy rates, and positive market fundamentals, stands out as an attractive option. The speakers highlight the favorable market conditions in Phoenix and the city's upcoming events, such as car auctions, spring training, and the Super Bowl, which contribute to its appeal. This insight reinforces the idea that investing in multifamily properties in Phoenix can offer significant returns. Overall, the combined summaries provide valuable information about Neighborhood Ventures' performance, ongoing projects, and the multifamily real estate market. The company's focus on investor experience, technological advancements, and strategic investment approach distinguishes them in the industry. Additionally, the discussion on the Arizona real estate market offers insights into the factors driving investment in the region and the potential for strong returns. Investors looking to diversify their portfolios and capitalize on the multifamily real estate market will find these summaries informative and relevant.

In this episode of the "Kiss My Assets" Jamison Manwaring and Heather Andrews welcome guest Pamela Watson, an early investor, to discuss her journey with the company. Pamela shares how she discovered the investment opportunity while waiting at the dentist's office and read about it in the financial section of the Arizona Republic. Intrigued by the opportunity, she showed the article to her husband, who encouraged her to pursue it. Despite her husband's passing, Pamela continued investing in subsequent projects, maintaining a positive relationship with the company. The conversation delves into the early days of the company, where the founders, Jamison and John, personally answered phone calls and engaged with potential investors. Pamela praises the accessibility and personal touch of the company, even though it highlighted the need for growth. Pamela also reflects on her 25-year career in civil service, where she started by distributing government assets and eventually became an expert in logistics and trucking operations. She shares her experiences working with truckers and earning their respect in a male-dominated industry. Pamela's life with her husband took them from rural Oklahoma to various locations, including San Diego, where they settled and raised their two accomplished daughters. Pamela's dedication to her husband and their shared goals kept them together, even when considering a move back to their hometown. Despite challenges and sacrifices, their strong partnership and independent daughters brought them joy and fulfillment. Overall, Pamela's story highlights her financial acumen, resilience, and commitment to supporting promising ventures. Her experiences as an investor and her successful career in civil service demonstrate her determination to overcome obstacles and find success.

In this special episode of the "Kiss My Assets" podcast, host Heather welcomes two special guests, Heidi and Colby, to unveil the newly released investor platform. The team has been diligently working for almost a year to improve the existing platform and make it more user-friendly. The highlight of the new platform is the performance chart, which tracks the growth of investments over time, allowing investors to visualize their progress. This feature has been challenging to develop but ultimately rewarding. The team is excited to offer investors the ability to track their returns and witness the growth of their investments. Accessibility and customization were key focuses during the development of the new platform. The team aimed to create a unique experience tailored specifically for their investors. Along with the performance chart, the platform offers a comprehensive view of total investments and a distribution chart, which showcases the source and amount of distributions. The team took into account valuable feedback from investors and worked hard to address their needs, ensuring a seamless and passive income-building experience. Through collaboration with the development team, Colby successfully managed the project, turning the dream of an individualized and user-friendly platform into a reality. The team is proud of the outcome and the fulfillment of many items on their initial wish list. They are eager to gather more feedback from investors and continue enhancing the platform with new updates. By providing an innovative and intuitive dashboard, they aim to reflect the company's growth and commitment to improvement, aligning with their mission of being an innovative and evolving company in the investment space.

In this episode of "Kiss My Assets," We have Jamison Manwaring and Heather Andrews, discussing the increasing trend of single women buying homes. They introduce Heather Reynolds shares her personal experience of buying a home. The article they mention highlights how women take pride in homeownership and how single women are becoming a significant percentage of homebuyers, accounting for 19% in 2021 compared to 9% for single men. The hosts discuss the changing demographics and societal shifts that have led to more women feeling empowered to buy homes without waiting for marriage. The conversation then transitions to the housing market, particularly the multifamily sector. They note that rents have been on the rise, with median rents in Phoenix increasing by 46% in the last year. However, they also mention that the rent increases are starting to plateau, indicating a potential stabilization in the market. They discuss the affordability of Arizona's housing market in comparison to other markets and how the state's appeal should go beyond being the cheapest option. They emphasize the need to focus on providing quality amenities and attracting better-paying jobs to the area. The team highlights the positive changes happening in Arizona, including the influx of higher-paying jobs. They discuss how the state's affordability is no longer the sole driving factor for people moving there. Overall, the episode explores the increasing trend of single women buying homes, the changes in the housing market, and the need for Arizona's housing market to evolve beyond affordability to attract more residents and offer better amenities and job opportunities. Articles Discussed: https://www.biggerpockets.com/blog/house-before-spouse?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_5162891 https://www.bizjournals.com/phoenix/news/2022/09/19/phoenix-rent-august-report.html?utm_source=st&utm_medium=en&utm_campaign=BN&utm_content=ph&ana=e_ph_BN&j=29081240&senddate=2022-09-19 https://www.axios.com/2022/09/22/rents-peaking-declining-inflation-august?utm_campaign=mb&utm_medium=newsletter&utm_source=morning_brew https://www.bizjournals.com/phoenix/news/2022/09/19/housing-market-inventory-stymied.html https://www.bizjournals.com/phoenix/news/2022/09/19/zillow-phoenix-home-value-slide.html?utm_source=st&utm_medium=en&utm_campaign=BN&utm_content=ph&ana=e_ph_BN&j=29102238&senddate=2022-09-19 https://oregonlive.com/opinion/2022/09/editorial-more-housing-is-the-best-rent-control.html

If you have a long-term hold on a stock, the only way to really make money on the stock is to sell it. Real Estate is uniquely positioned and differs in the way that you, as an investor, don't need to sell your holding to make money! Jamison describes his journey into Real Estate Crowdfunding and how he and his co-founder, John Kobierowski, started Neighborhood Ventures. His novel idea, at the time, lets any investor join Neighborhood Ventures' Real Estate journey with as little as $1,000 to get started. Investing in a larger apartment building allows for more diversification. In this episode, Jamison goes into more detail on the specifics involved in a typical Neighborhood Ventures' Project Life-Cycle.

In this episode of "Kiss My Assets," Jamison Manwaring and Heather Andrews discuss the latest news on inflation and CPI numbers. They are joined by a special guest, Mitchell Drake, a broker at ABI Multifamily, who shares his insights on the multifamily market. The conversation revolves around the impact of inflation on various aspects of the economy and how it affects people at different income levels, especially those on fixed incomes. The CPI numbers, which indicate the consumer price index, came out and showed a slight increase, suggesting that the Federal Reserve may continue to raise interest rates to combat inflation. This increase in rates has implications for purchasing power, apartment values, and the real estate market as a whole. Mitchell Drake explains that local banks and lenders have already factored in the increase in interest rates, and he doesn't anticipate significant price changes in the real estate market. However, he mentions that sellers' expectations might not align with buyers' offers, leading to some discrepancies. The hosts further discuss the impact of rising interest rates on the psyche of the market, considering the transition from lower rates six months ago to the current higher rates. They mention that good operators who can drive rents and find good deals can still thrive in the market, given the scarcity of housing and the demand for rentals. The conversation also touches on the influence of Californians moving to Arizona, which has increased the incomes of residents in the area. The hosts mention that the incomes of newcomers from California are higher than the average income in Arizona, which has contributed to the local economy. They note that millennials, particularly wealthy millennials, play a significant role in this trend. The hosts and guest emphasize that the real estate market in Arizona, despite some seasonal fluctuations, remains strong due to the demand for rentals and the potential for further growth. The episode concludes with a discussion about the positive outlook for the multifamily market, as indicated by a survey conducted by Berkadia, a large multifamily and commercial real estate agency. The survey shows that despite rising interest rates, the demand for multifamily properties is expected to remain strong, especially among millennials. This suggests that Mitchell Drake's expertise in the market will continue to be in demand, reassuring him about his employment prospects. Overall, the episode provides insights into inflation, interest rates, the multifamily market, and the impact of California migration on Arizona's economy.

In this episode of "Kiss My Assets," Jamison welcomes investor Rick Woodcock as a guest. Rick explains that he has a home in Mexico located in La Cruz, a small agricultural town with a beach, and he and his family enjoy spending time there. He mentions that they typically visit Mexico for a month to five weeks at a time, often during the winter season. The conversation then shifts to Rick's driving experiences between Arizona and Mexico. He shares that he takes precautions while driving, avoiding nighttime travel and opting for well-developed toll roads with military police presence. The host expresses interest in driving down to Baja and exploring Mexico further. Rick suggests taking the mainland route to Mazatlan, then a ferry to La Paz and Cabo. The discussion takes a turn towards Rick's background and career. He retired at the age of 63 after working in the manufactured housing industry for many years. He started in the business with a company called Cavco Industries and later worked for Skyline Corporation. Rick shares that he began investing in real estate early on, starting with profit-sharing programs and gradually expanding into rental properties. Over time, he became more passive in his investments, allowing his retirement funds to grow through employer plans like 401(k)s and IRAs. Rick emphasizes the importance of consistency and discipline in investing, mentioning the advantages of manufactured housing as an affordable housing option. He highlights the quality and amenities offered by modern manufactured homes and acknowledges the increased interest in tiny houses. The conversation concludes with Rick reflecting on the ups and downs of the real estate market, particularly in the Phoenix area, and the need for informed decision-making and taking calculated risks in investments. Overall, this episode of "Kiss My Assets" features an engaging conversation with investor Rick Woodcock, covering topics such as his Mexican home, driving experiences, career in the manufactured housing industry, and his approach to real estate investing.

The transcript is from an episode of the "Kiss My Assets" podcast, where Jamison Manwaring, the CEO of Neighborhood Ventures, discusses the current state of the markets. He highlights the declines in major indices like the NASDAQ, S&P 500, Dow, and cryptocurrencies. Jameson reflects on his decision to avoid the stock market and emphasizes the steady cash flow from commercial real estate investments. Heather Andrews, the head of Investor Relations at Neighborhood Ventures, joins the podcast as well. Shifting gears, they discuss the revitalization of central Phoenix and its growth potential. The transformation of downtown Phoenix over the past 20 years and the addition of amenities like Banquet Ballpark are mentioned. The hosts express excitement about preserving historical architecture and repurposing the canal system for a more vibrant community. They believe these developments will enhance the overall value and living experience. The podcast then delves into the multifamily housing market, particularly in Phoenix. It highlights the popularity of multifamily apartments due to their amenities and the rental lifestyle favored by individuals post-pandemic. However, there's a significant deficit of multifamily housing in Phoenix, with demand outpacing supply. The issue of resistance from some residents to new apartment buildings is also addressed, emphasizing the need to find a balance between meeting housing demand and addressing local concerns. The impact of interest rates and inflation on the housing market is discussed, referring to Federal Reserve Chairman Jay Powell's commitment to raising rates. The speaker sees this as necessary to cool down the market and address affordability issues. The Phoenix housing market has already shown signs of cooling, with a decrease in home prices and an increase in inventory. Overall, this episode provides insights into market conditions, the benefits of commercial real estate investments, the potential for growth in central Phoenix, and the challenges of the multifamily housing market. It emphasizes the importance of community engagement and finding a balance between supply and demand while considering local concerns.

On the 100th episode of Kiss my Assets Jamison runs the show and is joined by some Neighborhood Ventures Investors who share their reasons for investing with us! The conversation also touches upon personal motivations for investing, such as the desire for financial stability and independence. One individual shares their interest in real estate investment since law school and how they came across an opportunity with a project from Neighborhood Ventures. The hosts explain the different ways to make money, including passive income and earned income, and the importance of understanding the distinction. The investors mention their reasons for choosing to invest in real estate through Neighborhood Ventures, ranging from financial gains to personal fulfillment. They also discuss the concept of paying yourself first and the benefits of having a savings account and emergency fund before making investments. The importance of seeking knowledge and learning from others' experiences in the business world is highlighted. Jamison talks about our focus on building trust with investors by delivering on promises, being transparent about challenges, and prioritizing investor returns. He mentions our commitment to sustainability in projects, partnering with organizations like Habitat for Humanity, and attracting investors who align with their values. The conversation concludes with a discussion on saving, investing, and teaching financial responsibility to children. Overall, the podcast transcript provides insights into the world of investing, real estate, and financial planning, emphasizing the significance of taking action, building trust, and aligning investments with personal values.

Jamison and Heather discuss how millennials are approaching the current real estate market. The two speak on the wants and needs of modern-day millennials and the way in which this demographic's priorities are driving many of the trends in multi-family properties.