Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Mike Taravella and co host Will Coleman interview Bill Ham, Chief Operating Officer at Broadwell Property Group.   Key Information: Bill has been focusing on newer assets (primarily 1985 and newer) Not focusing on major capital expenditures that don’t have any ROIs (Plumbing) Bill is also focusing on long-term holds Bill anticipates a 15-20% reduction in multifamily valuations Collections in April have been consistent with the previous month but is anticipating a slowdown in May The reserves required for financing is very costly equity and ruin cash returns Bill focuses on 2 creative financing options: seller financing and master leases Seller Financing requires zero or minimal existing debt, market rate interest, interest-only term, 15-20% down, 18-24 month terms. Instead of using down payment, leverage capital expenditures in an escrow. Master leases have more risks because you are a renter and the landlord may not accept your purchase price Expert Pro Tip: Focus on your competency and become more proficien