Broke with nothing but a duffel bag, Justin Palmer moved from Seattle to New York with one mission, to get into the real estate business.
Justin didn’t know anybody in New York, nor did he have any real estate experience, but he had a plan: to not waste any opportunity he got and to outwork everybody else.
The plan was executed to perfection.
Now 12 years later, as Founder & CEO of Synapse Development, Justin has acquired $184 Million worth of commercial real estate and a deep knowledge of both the New York and San Francisco markets.
In today’s podcast, Justin will share his amazing journey and provide his insight into what is currently happening New York and San Francisco.
Mike Madsen, of RealSource Equities, joined us to discuss current market fundamentals.
Mike is a Client Services representative since 2005, has participated in workshops around the nation in the National Association of Real Estate Investors, as well as analyzing multi-family properties and doing market due diligence for RealSource.
Jim Berry, US Real Estate & Construction Leader at Deloitte, joined us to discuss how new technology will be disrupting real estate.
Pat Poling, Founder and CEO of Mara Poling, joined us to discuss how to Buy Right, how to Invest Right, and how how to Exit Right.
In part one of this two-part series, Paul Kaseburg, head of acquisitions at MG Properties introduced us to how sponsors evaluate real estate deals — the tools they use, the assumptions they make, and the metrics that investors should pay attention to.
Now we go deeper into what Kaseburg considers the real value of the base financial model—to evaluate the “risk-adjusted side of the risk-adjusted return.” He challenges investors to think like lenders and focus on risk metrics to determine if a deal is worth the investment.