This week’s episode of the Real Estate Investing for Cashflow podcast features Jillene Helman. Jilliene is CEO and Co-Founder of RealtyMogul. She’s responsible for the company’s strategic direction and operations. Jilliene has underwritten over $5 billion of real estate and was previously a Vice President at Union Bank, where she spent time in Wealth Management, Finance, and Risk Management. Jilliene is a Certified Wealth Strategist, holds Series 7, Series 63, and Series 24 licenses, and has a degree in Business from Georgetown University Quotes:
“Retail was in a world of hurt pre-COVID. Right? We overbuilt retail in this country. That’s just a fact. Now, this recession is different though, than a lot of the historical recessions in that, this is very micro-market. Even property level specific.”
“We invested in a shopping center transaction in Florida, and we were projecting double-digit cash on cash returns in the first year. This is a closed investment, not an open investment. But I think there is an opportunity in retail because of the fear, but you have to be a very good operator and you have to have very very localized knowledge. We’re not afraid of retail with the right operator and the right knowledge.”
Highlights:
:55- Jillene’s background
6:08- Jillian gives her opinion on the overall outlook for commercial real estate post COVID
14:30- Jillian tells us what the long-term projection looks like in the office segment
20:38- Jillian gives her opinion on the long-term impact of manufacturing and multi-family housing space
Guest Website:
www.realtymogul.com
Review and Subscribe
