Picheny’s Post

Investing in real estate? If you're not diversifying, you're doing it wrong. Here's why and how to do it right. Diversification is key in real estate. You can't just stick to one type of property or one location. Staking all your investments on one type of property? You're playing roulette with your wealth. Let's talk about diversification in real estate. It's crucial. It's not just about owning different properties. It's about diversifying within the sector. Consider various asset classes. Multifamily, single family, commercial properties, residential, hotels, strip malls - the list goes on. Each offers unique opportunities and risks. Don't limit yourself to one type. Spread your wealth. But diversification doesn't stop there. Think geographically. Don't put all your eggs in one basket. Investing all in one state or city? That's risky. Expand your horizons. Look across the U.S. Or go international like I did, investing in Canada. Different markets behave differently. If one goes down, another might go up. It's a balancing act. Remember, diversification is key. It's not just about variety, but about reducing risk and increasing potential returns. Don't gamble with your wealth. Diversify. After all, real estate is not a game of chance, but a game of strategy. #PortfolioDiversification #BackstageGuide #GeographicDiversification

When people think of real estate, they picture predatory landlords, exploiting vulnerable tenants, offering substandard housing to those who have fallen on hard times. That stereotype is a thorn in my side. I've had my fair share of dodgy landlords, and when I stepped into real estate, I vowed to be different. I wanted to prove that property owners aren't villains by default, and that investing in real estate can be a force for good. 🌍 But if I wanted to show that real estate investment could be a form of activism, I couldn't just buy and run swanky condos for the rich and famous. I needed to demonstrate that it's possible to turn a profit while developing clean, healthy, sustainable homes for those who aren't rolling in cash. Places where people can live with dignity. 🏡 Remember, making money and doing good are not mutually exclusive. 🤝 #BackstageGuide #RealEstateInvestment #PropertyOwners

Imagine slashing your water bill by a third, just by changing your toilet seat. Green isn't only about money, right? We can do a myriad of things with green initiatives. This is a tale of 300 toilets we replaced at a property. We did it. Changed shower heads and showers. We reduced the water usage at this property by over a third. And let me tell you, it wasn't a bill paid in place. The residents paid for their own water. They absolutely adored us. Why? Because we came in, made improvements to the property right away and cut their water bill by a third. But it doesn't stop there. We secured a Fannie Green program loan. So we got a lower interest rate on our loan, which was fantastic. The staff at the property were thrilled. The maintenance team loved us. These are flapperless toilets. No more dealing with toilets running all the time. It made their life a lot easier. This is not only cost-effective but also great for the environment. So, remember, green isn't just about money. It's about making smart decisions that benefit everyone. And yes, that includes changing your toilet seat. #GreenRealEstate #BackstageGuide #WinWinSolutions

Imagine investing $1 million in a property and seeing it appreciate to $2.4 million in value. Sounds like a fairy tale, right? But it's not. It's a strategy called value-add, and it's a game-changer in real estate. Here's how it works. You buy a 100-unit apartment building. You spend $10,000 per unit on improvements. That's a total of $1 million. These upgrades allow you to raise the rent by $100 per unit. Your rental income increases by $10,000 per month. That's $120,000 per year. Now, let's say the property is in a market with a cap rate of 5%. Here's where the magic happens. You take your increased annual income of $120,000 and divide it by the cap rate of 5%. The result? Your property is now worth $2.4 million. You've not only increased your cash flow by $120,000 per year, but you've also increased the value of your property by a whopping $1.4 million. That's a 140% return on your investment. Your $1 million is now $2.4 million. It's not a fairy tale. It's smart investing. Want to learn more about this strategy? Check out my YouTube channel. I share tips and strategies on how to increase the value of your property. Remember, in real estate, it's not just about buying and selling. It's about adding value. And with the right strategy, you can turn your property into a gold mine. So, are you ready to make your property investment fairy tale come true? 💰🏡📈 #ValueAddInvesting #RealEstateGrowth #BackstageGuide

You may not think of real estate as a tool for positive change, but that's where you can be wrong. You're clearly curious about making the world a better place, and I'd urge you to consider real estate. 🌍 It may not seem like the most obvious responsible investment option. But, that's precisely why it's a place where individual investors can have an outsized impact. We're always trying to leverage our capital to generate returns while also driving positive social change, right? 🌱 Real estate is a great way to do this. The projects we create endure over time, touch the lives of many people, and help reshape entire communities for the better. 🏘️ You're probably wondering how this works. Remember, every brick laid is a step towards a better world. So, let's start building. 🏗️ #BackstageGuide #BuildingABetterWorld #ResponsibleInvestment

While others slash and burn to turn a quick profit, I'm here to breathe life back into our multi-family communities. There's a common narrative that's often pushed. It's the story of those who enter these communities with one goal in mind: to cut costs and maximize profit. They're the ones who make headlines, the ones the media loves to focus on. Yes, it might make for a more compelling story. But it's not the whole story. There are those of us who take a different approach. We see potential where others see dollar signs. We see a chance to revitalize and elevate, to bring about real, meaningful change. We're not interested in the quick buck. We're here for the long haul. And it's not just about talk. Earlier this year, the White House released a blueprint for a renters bill of rights. A set of guidelines designed to protect those who call these communities home. I've even done a YouTube commentary on it, discussing its potential impact. Because at the end of the day, it's the residents who matter. They're the ones who need protection, who deserve a safe and secure place to live. So while others may continue their slash and burn tactics, we'll keep doing what we do. Breathing life back into our communities, one building at a time. Because that's what really matters. That's the story worth telling. And it's one we're proud to be a part of. 🏘️👨👩👧👦🏡 #BackstageGuide #RenterBillOfRights #RealEstateInvesting

The 2001 dot-com crash decimated my web dev business. 👨💻 With nowhere to live 😟, I had to get a job and ended up buying a Washington Heights apartment instead of renting. Two years later, I more than quadrupled my investment! 🙌 We all have wild stories of how we started in real estate. What's yours? #BackstageGuide #RealEstateSuccess #InvestmentStories

At 30, I turned my passion for sustainability into a profitable venture. 💰 By leveraging tax credits, grants, and preferential loan rates, I found ways to make environmental improvements a net positive for my bottom line. The secret? Seeing this as an opportunity to benefit everyone involved. For instance, more efficient lighting or water fixtures can significantly reduce utility bills and lower the overall cost of living for residents. But it's not just about saving money. It's about promoting sustainability as a fundamental part of the way we now live. Not as a luxury for the wealthy, but as a right for everyone. 🌍 Bringing green spaces and sustainable building practices into affordable projects can have a broader social impact. It shows that it's possible to build green in any community, and that people of all income levels want and deserve healthy, clean, and sustainable living spaces. 🌱 Remember, sustainability isn't just good for the planet, it's good for your wallet too.👍 #BackstageGuide #MakeSustainabilityPay #SustainableProperty

From Brooklyn to Canada, Texas to Phoenix - my real estate investments are as diverse as the landscapes they inhabit. I reside in the bustling heart of Brooklyn, New York. But my real estate footprint? It's global. I've got a slice of the Great White North, with an investment property in Canada. Heading south, I've staked my claim in the Lone Star State, with a plot of land in Texas. I've invested in the heartland too, with a property in Kansas. Then there's Phoenix, Arizona. I've got a piece of the desert city too. But I didn't stop there. I've branched out to Colorado, Florida, and Atlanta. My properties are scattered across the United States, giving me a fantastic geographic diversity. Why put all your eggs in one basket, in one city or one state? By spreading out, you create a safety net. If one city experiences a downturn, another might be thriving. This can help balance out your portfolio, keeping your investments steady even in turbulent times. So, don't limit yourself. Diversify. Invest in different cities, states, even countries. It's not just about the money. It's about the adventure, the learning, and the security that comes with a diverse portfolio. Remember, in real estate, as in life, variety is the spice of success. #Diversification #RealEstatePortfolio #BackstageGuide

Ever wondered if it's possible to do a 1031 into a syndication? There's a loophole, but it's not without its complications. The tricky part is that the name on the title of the property being exchanged must match the name on the new property. Otherwise, the 1031 exchange is invalid. However, there's a workaround. It's called a tenants in common, or a tick. This allows a property to be held in the names of more than one person or entity. So, one of those names could be the syndication name, and the other could be the entity bringing in the 1031. But here's the catch. What if one of the tenants in common doesn't want to sell? They could face a huge tax burden unless they 1031 into another deal within the 45-180 day framework. It's easy to see how conflicts of interest could arise. So, before getting into a tick and doing a 1031 exchange, you need to be in clear agreement. Learn all about 1031 exchanges on my YouTube channel. Remember, knowledge is power. 🧠💡🔑 And when it comes to real estate, being well-informed can save you a lot of money and headaches. 💰💆♂️ So, are you ready to dive into the world of 1031 exchanges and syndications? Let's do it together. 🤝 #RealEstateSyndication #TenantsInCommon #BackstageGuide