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S2 E85 - REITs Explained: Turn Real Estate Into Wealth
Description
On Beers with Contractors, Will interviews multifamily real estate specialist Aubrey Noblitt about how contractors can build long-term wealth by owning and rehabilitating real estate and tapping local incentives many don’t know exist. They discuss financing options like DSCR loans, FHA two-to-fourplex opportunities, house hacking, and why multifamily vacancy can be lower than other commercial sectors. Aubrey explains that many city grants (often reimbursement or match-based) are housed in planning departments and Main Street boards, citing Ponca City’s HIP 2.0 and stacking programs like Main Street, CDBG, historic tax credits, and local housing incentives. They cover using real estate to reduce taxable profits via expenses, cost segregation, and depreciation, plus misconceptions about cap rates, commercial loan balloons, and property management licensing limits. Aubrey also outlines forming REITs starting around $10M in assets and shares her contact information.
00:00 Introduction
01:25 Why Multifamily Matters
02:29 Loans and Entry Paths
03:16 Hidden Grants and Incentives
06:23 Finding Programs by Networking
10:18 Contractor Business Model
11:25 Property Management Rules
14:39 Contact and Tax Strategy
18:41 Cost Seg and Depreciation
19:50 Flip vs Hold Decisions
22:26 REITs Explained
26:32 Cap Rates and Financing
31:08 Multifamily Complexity
33:04 Wrap Up and Disclaimers
Contact Aubrey Noblitt at:
Website: https://anoblitt.ccoklahoma.com/
Linktree: https://linktr.ee/AubreySellsOklahoma
LinkedIn: https://www.linkedin.com/in/aubrey-noblitt-13b88b109/
Facebook: https://www.facebook.com/profile.php?id=61574805326894&ref=PROFILE_EDIT_xav_ig_profile_page_web#
Thread: https://www.threads.com/@aubreysellsoklahoma
Instagram: https://www.instagram.com/aubreysellsoklahoma/
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