In this episode, Ben Weiner from CoStar discusses the pivotal role of data in commercial real estate. He explains how CoStar supports clients through the entire deal lifecycle, from acquisition to asset management and disposition. The conversation highlights the importance of strategic planning, market analysis, and the diverse applications of CoStar's data for investors and operators. Real-world success stories illustrate the platform's effectiveness, showcasing how clients leverage CoStar to identify opportunities and make informed decisions in the competitive real estate market. In this engaging conversation, Ben Weiner shares his passion for building relationships in the real estate industry and the power of data analysis through CoStar. He discusses the joy of connecting with new people, the creative use of data for insights, and the underutilized features of CoStar that can enhance investment strategies. The conversation also touches on market trends, demographics, and how to effectively utilize CoStar for real estate investments. Ben emphasizes the importance of continuous learning and gratitude towards his clients for their role in his professional growth.

Chapters

00:00
Introduction to CoStar and Its Impact

04:20
Understanding CoStar's Role in the Deal Lifecycle

10:55
Strategic Planning and Market Analysis with CoStar

13:49
Custom Analytics and Use Cases for Investors

19:18
Real-World Success Stories and Client Experiences

23:52
Diverse Asset Classes and CoStar's Comprehensive Data

26:03
The Joy of Connection: Building Relationships in Business

28:36
Data-Driven Insights: The Power of CoStar

32:20
Unlocking CoStar: Underutilized Features and Tools

34:44
Strategic Deal-Making: Utilizing CoStar for Investments

42:42
Market Trends and Demographics: Understanding Growth Patterns

45:17
Connecting with Ben: How to Reach Out

Takeaways

• CoStar is the industry leader in commercial real estate data and analytics.
• The platform supports clients through every stage of the deal lifecycle: acquisition, management, and disposition.
• CoStar provides access to both on-market and off-market properties, enhancing strategic planning.
• The platform's extensive data allows for detailed market analysis and custom analytics.
• Clients can quickly access critical information, enabling faster decision-making.
• CoStar's mobile app empowers brokers to act swiftly in the field.
• The platform is essential for identifying equity partners and market share reports.
• CoStar tracks a wide range of asset classes, including multifamily, retail, and industrial.
• The data is verified regularly, ensuring accuracy and reliability.
• Unlimited training and support are available to help clients navigate the platform. I love meeting new people and understanding who they are.
• Using data creatively can lead to exciting insights.
• CoStar has features that go beyond leasing.
• The directory feature helps find the right brokers.
• Understanding market trends is crucial for investment success.
• Continuous learning is key in the real estate industry.
• Building relationships is essential for business growth.
• CoStar can track demographic changes over time.
• Networking can lead to unexpected opportunities.
• Gratitude towards clients fosters professional development.

Connect with Ben Weiner

🔍 LinkedIn

🌐 Website

In this conversation, Eric Oliver discusses the intricacies of cost segregation and its benefits for real estate investors. He explains how cost segregation allows for accelerated depreciation, enabling property owners to maximize tax deductions. The discussion covers the timing of cost segregation studies, the relationship between depreciation and taxes, and the differences between active and passive income. Eric also highlights the significance of bonus depreciation and how it can enhance tax savings for investors. Overall, the conversation provides valuable insights into leveraging cost segregation for financial benefits in real estate investments. In this conversation, Erik Oliver discusses the intricacies of cost segregation and accelerated depreciation, explaining how these tax strategies can significantly benefit real estate investors. He addresses common misconceptions about depreciation recapture, outlines the process of conducting a cost segregation study, and shares real-world success stories, particularly highlighting unique asset classes like car washes. The discussion emphasizes the importance of understanding these financial tools to maximize tax savings and investment returns.

Chapters

00:00
Introduction to Cost Segregation

03:06
Understanding Cost Segregation

05:55
Timing for Cost Segregation Studies

08:56
Depreciation and Its Tax Benefits

12:00
Active vs Passive Income in Real Estate

17:56
Leveraging Cost Segregation for Tax Savings

20:59
Bonus Depreciation Explained

27:11
Practical Applications and Strategies

28:19
Understanding Accelerated Depreciation and Its Benefits

29:49
Demystifying Depreciation Recapture

35:40
The Cost Segregation Process Explained

41:21
Real-World Applications and Success Stories

46:40
Leveraging Cost Segregation for Past Properties

Takeaways

• Cost segregation allows for accelerated depreciation on real estate assets.
• Depreciation is a non-cash expense that reduces taxable income.
• Cost segregation studies can be performed at any point during property ownership.
• Investors can strategically choose when to utilize cost segregation deductions.
• Passive income can only be offset by passive deductions, and vice versa.
• Bonus depreciation allows for significant first-year tax deductions.
• The IRS allows carry forward of unused deductions indefinitely.
• Investors can offset capital gains with carry forward losses from cost segregation.
• Understanding tax code changes can unlock new opportunities for deductions.
• Engaging with a tax preparer is crucial for maximizing tax benefits. Accelerated depreciation allows for significant tax savings in the first year.
• Depreciation recapture is not as daunting as it seems; it can be managed effectively.
• Cost segregation studies can be done at any time, even for properties owned for years.
• The process of cost segregation involves a detailed analysis and site visit.
• Investors can save substantial amounts by understanding the value of their assets.
• Unique asset classes like car washes can yield high depreciation benefits.
• The cost of a segregation study is often outweighed by the tax savings it generates.
• A thorough benefit analysis is crucial before engaging in a cost segregation study.
• Investors should consult with tax preparers to maximize their deductions.
• The IRS allows for missed depreciation to be claimed in the current tax year without amending past returns.

Connect with Erik Oliver

🔍 LinkedIn

🌐 Website

📧 Email

In this episode of the Peak Profits podcast, Bryan Morris and Chris Ward interview Aaron Yassin, founder of Hive Developers, who shares his journey in real estate investing. Aaron discusses his first investment that yielded a remarkable 70X return, the strategies he employed such as HELOC and refinancing, and his transition into real estate development. He emphasizes the value of new construction and the associated risks, providing insights into the mechanics of real estate investment and the importance of design in creating value. In this conversation, Aaron Yassin discusses the intricacies of real estate development, focusing on the importance of understanding development returns, navigating construction risks, and the significance of design in driving value. He emphasizes the need for investors to consider the track record of their partners and the challenges posed by fluctuating costs in projects. Additionally, he shares insights on capital raising strategies and the importance of maintaining a strong connection with the community through thoughtful design.

Chapters

00:00
Introduction to Aaron Yassin and His Journey

01:05
The First Real Estate Investment: A 70X Return

10:12
Leveraging Investments: HELOC and Refinancing Strategies

15:14
Transitioning to Development: Starting Hive Developers

22:16
The Value of New Construction in Real Estate

26:24
Understanding Risks in New Development

27:17
Understanding Development Returns and Risk Factors

30:07
Navigating Construction Risks in Urban Environments

31:37
The Importance of Track Record in Real Estate Investment

33:04
Addressing Cost Variability in Real Estate Projects

37:45
Capital Raising Strategies for Real Estate Projects

40:01
Design Drives Value: The Importance of Aesthetic in Real Estate

48:37
Connecting with Aaron Yassin: Resources and Contact Information

Takeaways

• Aaron Yassin achieved a 70X return on his first real estate investment.
• Understanding the mechanics of real estate is crucial for success.
• Leveraging investments through HELOC can provide additional capital for growth.
• Investing in real estate at a young age can lead to valuable learning experiences.
• New construction offers higher returns but comes with increased risks.
• Design and architecture play a significant role in real estate value.
• House hacking is a viable strategy for new investors.
• Networking with partners can propel investment opportunities forward.
• Investors should be aware of the market conditions affecting returns.
• Continuous learning from experiences is essential in real estate investing. Development returns should ideally be between 15-20%.
• Urban environments present unique construction risks.
• Understanding the track record of partners is crucial for investors.
• Cost variability can significantly impact project outcomes.
• Raising capital effectively is essential for project success.
• Design quality can enhance property value and market response.
• Investors should be prepared for unexpected changes in projects.
• Sensitivity in underwriting is key to managing risks.
• Community connection through design can enhance project appeal.
• Real estate is fundamentally about architecture and storytelling.

Connect with Aaron Yassin

🔍 LinkedIn

🌐 Website

📧 aaronyassin@gmail.com