Noah Miller

Husband, 🐶 dad, real estate investor, personal finance enthusiast

[Noah Miller @MNoahMiller]

I had an amazing time with @OmarMora1es talking about our businesses and thoughts on the market. He is one of the brightest and most inspiring minds in real estate today. Check it out!

[Omar Morales | Miami Multifamily @OmarMora1es]

Alpha in Sub-Institutional Real Estate

My conversation with Noah Miller, who operates in a niche within the Private Credit space in real estate that is often overlooked by conventional lenders

0:00 — Intro
1:31 — Transition from an institutional role
5:51 — Building leads & opportunities
11:00 — Shift in South Florida real estate
15:15 — Walking through a deal at Royal Palm Funding
28:15 — How Noah stays connected
33:30 — What are the big players currently doing?
37:15 — What Omar & Noah are learning in this market
46:00 — Strategy for investing in real estate
49:00 — Content & social media
54:45 — Advice for young professionals

1:00:15 — How to connect and invest with Noah

[Noah Miller @MNoahMiller]

@Greiser Wouldn’t it be closer to $7mm at age 65 using a 8% annual rate?

[Noah Miller @MNoahMiller]

@unusual_whales Dollar cost average into the S&P. Whatever amount you can is a good start.

[Noah Miller @MNoahMiller]

@OmarMora1es @RothCRE Thanks @OmarMora1es. We’re one of the few lenders doing sub $5mm. Would love to connect to anyone looking for those size checks

[Noah Miller @MNoahMiller]

@TripleNetInvest Who’s the lender?

[Noah Miller @MNoahMiller]

@PolesMiami @chernobelskiy @OmarMora1es Thanks @PolesMiami . To a continued successful partnership.

[Noah Miller @MNoahMiller]

@chernobelskiy @QuickLiquidity

[Omar Morales | Miami Multifamily @OmarMora1es]

Be the liquidity provider where there is no liquidity

Low-leverage, first lien mortgages making +12-15% 🤯

Great way to be invested in this market.

[Noah Miller @MNoahMiller]

@OmarMora1es Thanks again for having me @OmarMora1es. Had a great time discussing the current state of the market and how to find alpha in the sub-institutional space!

[Omar Morales | Miami Multifamily @OmarMora1es]

Great conversation with Noah Miller, who found a unique niche in real estate where he is finding *equity-like returns with debt-level risk* for his LPs, even in this tough market.

We talk about:

• Why he went from a very successful institutional career path to opening up his own real estate private equity shop

• How he sources these niche deals (with an example of a recent closing in Fort Lauderdale)

• How has he remained active in this market

• And where he thinks this market is going…

Hope you learn as much as I did!!

*link to the full conversation in the comments !*

You can reach out to Noah at
Noah @ RoyalPalmFunding .com

[Noah Miller @MNoahMiller]

@realEstateTrent You’re right. I run a hard money lending firm and the level of interest from investors has been immense. Many choosing to invest in debt rather than equity.

[Noah Miller @MNoahMiller]

@quahoggy @JaretTurkell I wrote an article about this exact topic for the Scotsman’s Guide which is being published next month. Once it’s released, I’ll share the link here. It does a great job of explaining the nuances.

[Noah Miller @MNoahMiller]

Thanks to @dbreview and @MeleaVanOstrand for sharing my insights on the local market.

We have continued to partner with mom and pop investors who want a piece of the pie and over the last 12 months, we have provided JV equity, preferred equity and bridge loans in the region.

[Daily Business Review @dbreview]

Real estate pitfalls now: what you need to know.
🔵 With prices rising, sellers may want to back out of contracts before they close.

🔵 Rising insurance costs present a challenge.

🔵 The nation's economy could sputter.
https://t.co/kQPz8Wuwlb

[Noah Miller @MNoahMiller]

@jefffeldman @realEstateTrent Great point. Reputation and experience is everything in that space. You can’t imagine the amount of loan requests we get daily from borrowers where their 7-8% hard money lender left them at the alter. Read reviews and get recommendations from friends and brokers.

[Noah Miller @MNoahMiller]

@Keith_Wasserman Don’t think many banks would allow it but private lenders would. We allow seller seconds behind our firsts all the time, but don’t do CA.

[Noah Miller @MNoahMiller]

@AndyPariPassu @SrHousing_CRE I focus on writing sub institutional checks for mezz/ pref and JV. My average check is between $500k and $2mm because no one else will do it!

[Noah Miller @MNoahMiller]

My latest radio interview on Bloomberg. https://t.co/yl3D98jZZn

[Noah Miller @MNoahMiller]

@goingparaboIic I’m reading your book now (enjoying it very much) and you keep mentioning Bitcoin being the only truly finite asset on the planet. Why can’t someone / some group just create a new Bitcoin? What’s stopping a new decentralized Bitcoin from being created?

[National Mortgage News @NatMortgageNews]

"You'll see some buyers going after distressed properties and that's something we want to be in front of on the lending side," said @GeltFinancial VP Noah Miller

By @NMNBrad https://t.co/Vgcilx9GpN