underwriting deals

Find key considerations for a smooth due diligence process in property acquisition in the latest updates on the 24-unit multifamily deal we discussed. Listen in to gain insights on effective measures to mitigate property issues and how you can address them. 

Key takeaways to listen to

• Crucial components to evaluate in the due diligence phase
• Data you must collect and document during the due diligence process
• Practical tips to address undisclosed property information

To connect with Randal and learn more about passive investing, visit www.ridgelineig.com and follow our social media pages below!

• Ridgeline Investment Group on LinkedIn: https://www.linkedin.com/company/ridgelineig/ 
• Agents Building Cashflow on Facebook: https://www.facebook.com/agentsbuildingcashflow
• Subscribe to our YouTube channel: @agentsbuildingcashflow
• Send us an email: rm@ridgelineig.com 

Ready to embark on an inspiring journey with Derek Vickers, the man who exchanged his door-to-door insurance sales career for the lucrative mobile home park investment? Join us, as we wander through Derek's intriguing life story from Virginia to Florida, from the insurance field to the challenging but rewarding world of the real estate market. As COVID-19 hit, he saw the opportunity in mobile home parks and took on this venture with his exceptional cold-calling skills. 

Derek's first real estate deal was no smooth sail, but he weathered the storms heroically. He shares his triumphs in turning around a troubled trailer park in Brevard County, Florida, into a desirable place to live. He navigated through difficult owners, delinquent tenants, and even municipal regulations. Particularly, his struggles in Florida, offer a unique perspective on the complexities and rewards of investing in mobile homes. 

Derek does not stop at sharing his experiences but also shares tips on overcoming real estate challenges. From leveraging his team for consistent leads to staying persistent when making sales calls, he is a treasure trove of useful advice. He also underscores the importance of systems and processes in this business, with examples from his own journey. Wrapping up, Derek discusses his approach to automation, the importance of standard operating procedures, and provides a sneak peek into his masterclass program, where he lays out the ins and outs of underwriting, structuring, and financing deals. Tune in and be enlightened!

Link to Derek's Free e-book:
https://go.ondemandcontents.com/checklist

Link to IG: https://www.instagram.com/derekvickers885/
Link to X (FKA twitter): https://twitter.com/derekvickers885

https://linktr.ee/derekvickers885

• Reasons why Neal invests in real estate
• What’s going on with the multifamily market conditions
• Investing passively in multifamily assets in 2023: Good or bad thing?
• Why it’s the best time to invest in real estate
• Ultimate tips for underwriting multifamily deals in today’s market

Resources/Links Mentioned In This Episode

• Udemy Neal Bawa
• R Project
• Federal Reserve’s Dot Plot

About Neal Bawa

Neal is a technologist universally known in real estate circles as the Mad Scientist of Multifamily and serves as CEO/founder at Grocapitus Investments, an iconic, data-driven commercial real estate investment company. Neal Bawa owns and manages a $1 billion multifamily real estate portfolio of over 4,800 apartment units in 10 U.S. States. Over 800 investors have invested over $260 Million in his projects.

Neal is also the CEO of UGro and MultifamilyU. He has a relentless passion for teaching and mentoring. He speaks at multifamily events, IRA events, meetups, and conferences nationwide. Nearly 5,000 students attend his multifamily webinar series each year.

Connect with Neal

• Website: Multifamily University
• LinkedIn: Neal Bawa
• Facebook: Neal Bawa

Connect With Us

To connect with Saket Jain, as well as with other Migrate 2 Wealth listeners, and get the latest scoop on new and upcoming episodes, join Migrate 2 Wealth Community on Facebook.

Follow Our Social Media Pages!

• LinkedIn: Saket Jain
• Instagram: @migrate2wealth
• Twitter: @Migrate2Wealth
• YouTube: Migrate 2 Wealth
• TikTok: @migrate2wealth

Discover what you need when analyzing a profit or loss statement and underwriting skills to prepare for your next multifamily acquisition. Dial into this short episode and be a well-informed investor today!

Key takeaways to listen for

• How some sellers present their profit and loss statement
• Necessary items you need to consider when underwriting deals

To connect with Randal and learn more about passive investing, visit www.ridgelineig.com and follow our social media pages below!

• Ridgeline Investment Group on LinkedIn: https://www.linkedin.com/company/ridgelineig/ 
• Agents Building Cashflow on Facebook: https://www.facebook.com/agentsbuildingcashflow
• Subscribe to our YouTube channel: @agentsbuildingcashflow
• Connect via email: randal@ridgelineig.com

Stay informed about the best markets to invest in and the debt you’re securing when buying a property with returning guest Matt Fore, as he offers updates on emerging real estate trends. Gain the competitive advantage to keep growing and diversifying your portfolio by tuning in!

Key Takeaways to Listen for

• Acquiring real estate: When to buy and which market to invest in
• 2 things investors should watch out for in today’s market and why
• Importance of being proactive with your operator’s underwriting assumptions
• The power of diversifying your investments across different markets
• What is the most important question investors should ask an operator?

Resources Mentioned in This Episode

• SA313 | Finding the Best Path to a Successful Financial Future with Matt Fore
• YouTube
• Free Apartment Syndication Due Diligence Checklist for Passive Investor

About Matt Fore

Matt is a part-time real estate investor based out of Nashville, Tennessee. In his professional life, he has spent over a decade in sales and sales leadership positions at one of the largest technology companies in the world. He has invested in 250+ units throughout the Southeast and in various real estate notes. When he's not working or investing in real estate, he enjoys reading, training for Ironman triathlons, and convincing his brother that he is the favorite twin.

Matt began his investing career when he was told he wouldn’t be paid a life-changing commission check he had earned while working at one of his former employers. When he asked why they decided not to pay him, his VP asked him, “How much have you made this year? Isn’t that enough?”. It was at that moment he knew he needed to take his financial future into his own hands.

Connect with Matt

• Website: Ice Cream with investors
• Podcast: Ice Cream with Investors
• LinkedIn: Matt Fore

To Connect With Us
Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

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What does it take to achieve your target and goals in multifamily? We feature a successful entrepreneur in this field, Ben Suttles, and he'll share with us how he keeps on nailing large deals. His broad expertise will guide us on managing a team effectively, preserving assets, the mindset you must have when making your transition in the business, skills you need to have when underwriting deals, and more. Don't miss all these by listening to this insightful talk!

Key Takeaways to Listen for

• What makes real estate a great investment in this fast-changing economy
• People’s most common perceptions between real estate investing and full-time/corporate W2 jobs
• The contribution of having a partnership and underwriting skills to your first multifamily deal’s success
• What’s the role of a mindset shift in raising money?
• EOS: What it is and how it helps you achieve your company’s vision and goals
• Ways to conduct a successful tactical meeting

Resources Mentioned in This Episode

• Entrepreneurial Operating System (EOS)
• Rich Dad Poor Dad by Robert Kiyosaki | Paperback & Audiobook
• Traction by Gino Wickman | Paperback & Audiobook
• Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About Ben Suttles

Ben Suttles has been an entrepreneur for 15 years, first starting his career in IT sales and business development and then onto management. His background in management and sales has helped propel him into commercial real estate, first starting in 2013. Over the last 8 years, he has been involved in the acquisition & asset management of twelve large multifamily properties totaling over $200MM+ in AUM and the purchase and sale of over 2500+ units. 

Connect with Ben

• Website: Disrupt Equity Partners
• Email: ben@disruptequity.com

Connect With Us

Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

Sponsors

Grow Your Show, LLC

Thinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?
Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

Today, Sam Bates joins us, and we’ll learn how he navigates different niches in real estate, from single-family to multifamily, and now nailing the development side of the business. Get tons of insights as he also talks about his strategic planning on doing projects, underwriting, and research in a shifting market. Make sure not to miss this one!

Key Takeaways to Listen for

• Strategies to diversify a portfolio and shift from one asset class/niche to another
• A conservative approach to real estate development
• Estimated cap rates, basis points, and compression on development projects
• Markets you could consider for single-family and multifamily development projects
• Things real estate developers should consider and focus on
• Keys to success in real estate development

Resources Mentioned in This Episode

• Top 10 Reasons Why The 1% Prefer Private Investments 
• Free Apartment Syndication Due Diligence Checklist for Passive Investor 

About Sam Bates

Sam Bates is the founder and CEO of Bates Capital Group. He is also a partner and advisory board member of Systematic Capital. Sam started his real estate journey in 2009 and has been directly involved in the acquisition or development, repositioning, disposition, asset management, and strategic planning of over $200MM in AUM. His portfolio currently has 1,035 multifamily units in Texas and the Southeast. They have over 1,000 units in their development pipeline.  

Sam spent over a decade in Corporate America working in various consulting, finance, and accounting positions. He quickly realized a W-2 job was not going to satisfy his desire to help people improve their lives. Once Sam started investing in real estate, he quickly realized how powerful real estate is and decided this was how he wanted to help others meet their goals and create generation wealth to leave their legacy.  

Sam has a Bachelor of Science degree from Texas A&M University in Finance, an MS in Personal Financial Planning, and an MBA from Texas Tech University. Sam is an avid sports fan, and skier, and loves to read. 

Connect with Sam

Website: Bates Capital Group

Connect With Us

Please visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!

Sponsors

Grow Your Show, LLC

Thinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?
Visit GrowYourShow.com and Schedule a call with Adam A. Adams.

From inflation to new legislation, there are a lot of changes in the market that are impacting multifamily housing deals. On this episode, we welcome Philip Porter of Enterprise Community Investment to share what developers need to be thinking about amid new bond deal laws, the fixed 4% tax credit rate, income averaging and state low-income housing tax credits. He shares how underwriting has changed over the past 12-18 months and gives his recommendations for developers to successfully tackle new projects within the current equity market.