Accelerated Real Estate Investor
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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:
278: Passive Real Estate Investing for Busy Professionals with Harry Nima Zegarra
277: Case Study: LOI to the PSA in 10 Steps with Josh Cantwell
276: Running A High-Octane Offense for Success in Real Estate with Tone Robinson
275: Becca Hintergardt on the 6 Steps to Living Internationally on Passive Income
274: One Simple Trick to Stop Procrastinating with Josh Cantwell
273: Auction.com Market Outlook: Inflation, Migration, and Profitable Opportunities with Daren Blomquist
272: Chris Litzler on Protecting Yourself from Inflationary Real Estate Markets
271: Handling Bank Draws: Pro Forma Vs. Reality with Josh Cantwell
270: Real Estate Syndication: From Canada to the Sun Belt with Ava Benesocky and August Biniaz
269: How to Build (and Keep) a $200M Staff with Josh Cantwell
268: Jake Harris on the 6 Things to Include in your Real Estate Stress Tests
267: Waterford Grove Update: $30M+ in Potential Profit!
266: Sam Bates on The Value of Build-to-Rent Communities
265: Licensed to Raise Capital and Create Passive Income with Greg Lyons
264: Building a Brand, Raising Capital and Acquiring Assets with Josh Cantwell
263: From High School to $1.5 Billion in Real Estate Deals with Spencer Gray
262: Josh Cantwell on How to Stand Out On Buyer Questionnaires
261: Stephanie Walter on Raising Capital, Syndications and Creating Legacy Wealth
260: Marcus & Millichap Webcast Recap: The Future of Apartment Rentals
259: Chad King on Making the Leap to Commercial Multifamily Real Estate
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