S2 E85 - REITs Explained: Turn Real Estate Into Wealth

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 Introduction01:25 Why Multifamily Matters02:29 Loans and Entry Paths03:16 Hidden Grants and Incentives06:23 Finding Programs by Networking10:18 Contractor Business Model11:25 Property Management Rules14:39 Contact and Tax Strategy18:41 Cost Seg and Depreciation19:50 Flip vs Hold Decisions22:26 REITs Explained26:32 Cap Rates and Financing31:08 Multifamily Complexity33:04 Wrap Up and DisclaimersContact 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/ Check Out Greenbaum Stiers Strategic Marketing Group: https://www.greenbaumstiers.com/Foundation Rescue Supply Link:https://www.foundationrescuesupply.com/Contractors Kick Ass!Podcast Store Link:https://williamwalkerblake.com/store-1The Worker Incentive Program that Contractors Love! - Per4mance Software https://per4mance.io - Pay for performance, not hours