Welcome back to the Big Mike Fund Podcast! My guest today is Eric Goodman. Eric and his father run Goodman Capital, a real estate investment firm that focuses on commercial real estate. Goodman Capital brokers closed fund deals and specialize in foreclosure sales.
Today, Eric tells me about his company’s fund structure and gives me some examples of sales that worked out for the best. We discuss the state of New York’s real estate market and how the pending tax reforms will affect the market.
00:00 — Introduction to the Big Mike Fund Podcast.
00:27 — Welcome Eric Goodman to the podcast.
00:47 — Eric’s background in real estate.
01:30 — About Goodman Capital and commercial real estate.
03:00 — The types of deals Eric and his team look for.
04:46 — The difference between closed funds and open funds.
06:23 — What is a waterfall and how does Goodman Capital use the structure?
08:33 — The equity deals Eric and his team have seen in this market.
10:05 — The breakdown of Eric’s company’s capital.
12:49 — The difference between forced appreciation and natural appreciation.
13:22 — Examples of opportunities Eric has seen within the New York market.
16:13 — Where Goodman Capital gets its referrals.
17:16 — Eric’s predictions for New York’s real estate market.
19:45 — My opinion about the incoming tax reform and what that will mean for New York’s market.
23:30 — The top indicators of a market change.
25:25 — Thank you to Eric for joining the podcast.
25:45 — Eric’s contact information.
26:20 — Outro to the Big Mike Fund Podcast.