Wheelbarrow Profits Podcast: Multifamily Real Estate Investment

Mike Taravella interviews Ryan Smith from Elevation Capital Group to discuss the value of cash flow, manufactured housing communities, and self-storage Key Information: Cap Rate is the equivalent of an equity multiple If you increase the NOI of a 5% cap rate property by $1 per month: The Cash Flow investor will see a $12 increase The Value Investor will see a $240 value increase ($12/5%) Value investors is looking to add dollars of NOI to grow Manufactured Housing Communities and Storage Facilities have favorable business models where you can consistently add value Manufactured Housing Communities value add opportunities: provide storage options, covered parking, sheds, increasing rents responsibly  Fund structure allows more diversification by being able to buy more assets with a single investment Funds allow for more balance sheet which is vital for financing Only reason you sell is because the market or property is impaired Expert Pro Tip: Know what you value and find a structure and sponsor that aligns wi