How to Scale Real Estate in California with Nonna Pikiner

CREI Partners

00:00 /

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