Deal Junkies - A Real Estate Podcast

Episode 26: Market Update and Econ Talk

In this episode of Deal Junkies the Junkies dive into what rates are doing, yield curves, the job market and how the market is really doing right now. They discuss how this is changing the deals that they’re currently doing and how they’re doing them. It doesn’t stop the deals, it just forces you to pivot. You’ll hear about current negotiation tactics that the Junkies are using for their deals too as the market continues to shift. Listen in to hear about deals, opportunities and the state of the market.

Episode 25 - Interview with Michael Hamilton

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

Episode 24: House Hacking Stories

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

Episode 23: Creating Value as a New Investor

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

Episode 22: Paul’s Development Deal

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

Episode 21: An Interview with Paul Kerley

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

Episode 20: Marc’s Favorite Deal

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

Episode 19: Interview with Marc Gallegos

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

Episode 18: Gabe's Rollercoaster Deal

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

Episode 17: Roles, Housing Affordability and the Housing Shortage

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