Ep #33: How to Scale Real Estate in California with Nonna Pikiner

In this episode, Wayne talks to Nonna Pikiner, a real estate investor, about how to scale real estate in California. Through partnerships with reputable and experienced operators, Nonna has a real estate portfolio valued at almost $1 billion.

Nonna identifies promising financial opportunities for investors with various experience levels. She helps them accumulate wealth through asset diversification, tax-efficient passive income, and capital preservation.

Topics on Today’s Episode:

• Willingness to Learn: How Nonna got started in real estate investing
• 8-Unit Property: Challenge of not knowing who is going to take out the trash
• Refinance and Reinvest: Scale quicker in real estate with syndication
• Nonna’s Strategy: Passive to active investing and listening via partnerships
• Why Oakland, CA? Make multifamily properties perform in rent-controlled space
• Section 8: Government help with housing, but landlords uncomfortable w/ government
• Property Calculations: Review and evaluate cash flow, principal amortization, and value
• Eviction Moratorium: People unable to pay rent and landlords not able to do anything
• Smart Oak: Nonna’s next-generation multifamily real estate investment company
• Mission: Buy, operate, stabilize, and exit multifamily rental properties with shares    

Links and Resources:

Nonna Pikiner on LinkedIn
SF Investor Social Club
Housing Choice Voucher Program - Section 8
Wayne Courreges
Free Passive Investor eBook by Wayne Courreges
The Untold Stories of Real Estate Investing Podcast
CREI Partners on Facebook