Flipping Houses to Brokering Every Kind of Real Estate w/Dan Lewkowicz
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Episode Description
Welcome to the Freedom Point Real Estate podcast! For today's episode, Dan Lewkowicz joins Jeremy Dyer to share his journey from house flipping to brokerage dealing and more.
Dan Lewkowicz is a seasoned real estate veteran with over 15 years of experience in many facets of the real estate industry. Starting his career “house hacking” he quickly moved on to flip houses in and around metro Detroit and eventually created a company called Renaissance Real Estate Ventures which specializes in the acquisition, financing, renovation, and resale of single-family residential properties in the booming city of Detroit, Michigan. Before joining Encore Real Estate Investment Services as Senior Director, Dan was a Senior Advisor at Fortis Net Lease specializing in commercial real estate investment sales. Dan is also a former business development executive for Amazon in Detroit Michigan. Currently, Dan is Senior Director of Encore Real Estate Investment Services and specializes in shopping centers, medical office buildings, pharmacies, quick service restaurants and automotive repair and parts stores as well as resorts. Dan has five lovely children and resides in Birmingham, Michigan with his wife Brady Lewkowicz and enjoys running, boxing, lifting weights, yoga, and playing acoustic guitar.
CONNECT WITH DAN LEWKOWICZ!
Website: https://encoreinvestmentrealestate.com/
LinkedIn: https://www.linkedin.com/in/dan-lewkowicz/
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Understanding Net Lease Properties
"Net lease properties offer stable income and a hands-off approach for investors. They eliminate landlord expenses, providing a clear picture of the rental income over time." Net lease properties provide a comprehensive view of rental income while offering stability and security, making them an attractive investment choice.
Tip #2: Impact of Interest Rates on Cap Rates
"Interest rate hikes have significantly affected the spread between cap rates and debt. This shift has altered investment dynamics, particularly in assets like dollar stores." Rising interest rates have narrowed the gap between cap rates and financing, influencing investment strategies across various asset classes.
Tip #3: Advice for Passive Investors
"Syndications and funds are excellent options for passive investors with lower capital. It's crucial to research and analyze multiple deals before committing." Passive investors can explore syndication opportunities or funds to enter real estate investing, ensuring thorough research and due diligence before making investments.
Tip #4: Challenges in Commercial Brokerage
"Commercial brokerage involves complexities, especially when dealing with distressed properties or market fluctuations. Overcoming these challenges requires resilience and creative problem-solving." Navigating commercial real estate brokerage demands resilience and adaptability, particularly when faced with challenges like distressed properties or market shifts.
Tip #5: Strategies for Entry-Level Investors
"For newcomers, starting small and seeking mentorship are key. Engaging with experienced investors and analyzing multiple deals helps in learning and decision-making." New investors benefit from starting small, seeking guidance from mentors, and actively analyzing various investment opportunities to gain experience.
Tip #6: Identifying Motivations for Selling Properties
"Factors like debt, market conditions, and changing asset preferences drive property sellers. Understanding seller motivations aids in strategic investment decisions." Recognizing seller motivations, such as debt obligations or market shifts, empowers investors to make informed choices when considering property purchases.
Tip #7: Importance of Due Diligence
"Thorough due diligence is crucial before investing. Researching market trends, property histories, and potential risks minimizes uncertainties." Conducting comprehensive due diligence by examining market trends, property backgrounds, and potential risks mitigates uncertainties in real estate investments.
Tip #8: Adapting Investment Strategies to Market Changes
"Market shifts demand adaptation and diversification of investment strategies. Flexibility in response to changing trends ensures resilience in the real estate landscape." Adapting investment strategies to evolving market conditions and diversifying portfolios are vital for sustained success in real estate investing.
Tip #9: Leveraging Networking and Learning Opportunities
"Networking with industry professionals and continuous learning enhance investment insights. Engaging in educational forums and mentorship programs fosters growth." Leveraging networking opportunities and ongoing learning through mentorship and educational platforms enriches investment knowledge and opens doors to potential partnerships.
Tip #10: Setting Professional and Personal Goals
"Striving for professional growth and setting clear investment goals are pivotal. Defining objectives drives progress and aids in achieving milestones." Setting clear goals for professional development and investment targets helps investors stay focused and motivated, propelling them towards their desired achievements in real estate.
