105: Big Safe Investments, with Agostino Pintus

105: Big Safe Investments, with Agostino Pintus

Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Today, we have a seasoned investor with us, Agostino Pintus. Agostino is a multifamily investor, syndicator, and entrepreneur who really figured out how CRE can work best. In this conversation, we talk about how to diversify your portfolio thoughtfully and intentionally, how to make safe investments, and the difference between fear and risk. 

Learn more about Agostino and his journey at shineinsurance.com/managing-commercial-real-estate-risk!

“I want to make sure that the deals that my investors and I are getting involved with are good, safe deals.”

04:33

At the beginning of the conversation, Agostino explains what the word risk means to him. According to him, the level of risk people take is rooted in their fear. To eliminate fear, we have to educate ourselves and start with lower-risk deals.

Agostino diversifies his deals to make them overall less risky. His 3 different asset classes have 3 very different types of returns. His assets classes are:

  1. Stabilized multifamily properties. They fix up value-add B and C class properties and hold on to them for cash flow. The investors get a quarterly return.
  2. Development deals. This is either ground-up or redevelopment. The investors get a quarterly return after the property is leased.
  3. Single-tenant Net Lease assets. These are corporately backed by publicly traded companies and therefore safer investments. The investors get a monthly return.

Cash flow is crucial for Agostino when evaluating a deal. Appreciation is just an added value. That is why he invests in Cleveland because it is a good cash-flow market.

“Fear comes from a lack of understanding. When you spend the time understanding what’s going on in a market, and you build the right relationships, you can mitigate that.”

23:18

Agostino doesn’t charge an acquisition fee on any of his deals because he wants to be competitive for his investors. His advice is to take a lower acquisition fee to show your investors that you’re motivated throughout the whole deal.

Agostino is mitigating his CRE risk by educating himself, building a strong team, and aligning himself with the right people. That is why he’s able to manage large decisions in a way that might seem bigger than they really are from the inside.

About Our Guest, Agostino Pintus

Agostino Pintus is a multifamily investor, syndicator, and entrepreneur with more than 15 years of experience in real estate. He currently oversees strategic partnerships, capital development, and platform development for Realty Dynamics Equity Partners, an investment firm specializing in multifamily acquisition and asset management services.

Mentioned in the show:

  1. www.bulletproofcashflow.com
  2. His LinkedIn
  3. Bulletproof Cashflow Podcast
  4. Shineinsurance.com
  5. www.shineinsurance.com/managing-commercial-real-estate-risk
  6. Jeremy’s LinkedIn

Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/ 

Special thanks to Agostino Pintus for taking the time to share so many great insights with us

 
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Until the next time, We truly appreciate you listening.

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