Accelerated Real Estate Investor
Business
In this episode, Josh discusses the different types of apartment syndications, focusing on value-add properties. He explains that value-add deals involve buildings that are not fully stabilized and have rents below market value. These properties require cosmetic updates, such as painting and flooring, but do not require major structural work. Josh emphasizes that value-add properties are typically located in B and C class markets, which offer great potential for growth. He also briefly touches on turnkey cash flow deals, which are properties that are already at market value and do not require significant renovations.
Lastly, he mentions deep construction or distressed properties, which are not recommended for newer investors due to the high level of renovation and the need for bridge financing.
Notable Quotes:
Value-add properties are typically located in B and C class markets, which offer great potential for growth.
Turnkey cash flow deals are properties that are already at market value and do not require significant renovations.
Deep construction or distressed properties require extensive renovations and are not recommended for newer investors.
"Value add means the building is not stabilized, the rents are below market value, and it needs just cosmetic updates." - Josh
"Turnkey cash flow deals are great if you have a 1031 exchange or limited partners with a longer time horizon." - Josh
"Deep construction or distressed properties require a highly capable contractor and bridge financing." - Josh
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Key Takeaways:Notable Quotes:Resources:
#198: Property Management vs. Asset Management with Kyle Mitchell
#197: Fix and Flip Mom’s House with Phillip Vincent
#196: 7 Commandments for Cash Flow Investing
#195: Renovating Large Value-Add Apartments with Joseph Bramante
#194: 220 Chevy Case Study
#193: Investing with Purpose: Giving Back to Veterans & First Responders with Colby Bowers
#192: Low Inventory, Housing Affordability & Foreclosure Projections with Daren Blomquist
#191: Pause, Strategize, & Buy 900 More Apartments
#190: 4 Exit Strategies From an Expert Real Estate Investor with Justin Colby
#189: Attract Incredible Business Partners Using the Myers Methods with Jerome Myers
#188: Bulletproof Wealth, Infinite Banking & Investing with Tom Laune
#187: 9 Questions I Get From My Banker and Lender When Funding Apartment
#186: Investing with Owner-Operators in Mobile Home Parks & Self-Storage Units with Paul Moore
#185: Creating & Scaling Up Residential Living Centers with Gene Guarino
#184: Build-to-Rent Single-Family Developments with Adam Stern
#183: My First $100+ Million Deal
#182: Transitioning from Single-Family to Multifamily Properties with Matt Brawner
#181: Risk, Reward & the Beauty of Diversifying Investments with Dinesh Gauba
#180: 8 Commandments for Investing in Apartments
#179: How to Wholesale Apartment Buildings
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