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:
318: Chris Roberts on The Journey From Humble Beginnings to a $500M+ Portfolio
317: The Business of Running Your Business is the People: Elite Entrepreneur Trait #9
316: Tom Kraeutler on Insider Tips to Reduce Risks with Your Next Remodel
315: Real Estate: The Hedge Against Inflation and Recessions with J Scott
314: Robert Wiedemer on The Next Financial Crisis: The Real Danger of Fake Money
313: Service Trumps Price: Elite Entrepreneur Trait #8
312: Jerry Robinson on How to Make Smarter Investment Decisions in Unprecedented Times
311: Scale Using the One to Many Concept: Elite Entrepreneur Trait #7
310: Pili Yarusi on How Value-Add, Rebranding and Better Management Created a $180M Portfolio in 3½ Years!
309: Absolute Clarity of the End Result (ACER): Elite Entrepreneur Trait #6
308: Patrick Grimes on The 8 Criteria That Multifamily Properties Must Have Before You Buy
307: Jon Iannotti on How to Position Yourself in a Changing Market
306: Using a Real Estate Attorney to Skyrocket Your Syndication Success with Nic McGrue
305: Chris Miles on Infinite Banking: The Supercharged Tax-Free Savings Account
304: Marcin Drozdz on The Mindset to Attract Millions for Your Next Project
303: Turning Big Profits with Mobile Home Parks with Charlotte Dunford
302: Using Technology as a Weapon: Elite Entrepreneur Trait #5
301: Chris Larsen on Creating ‘Next-Level Income’ to Achieve True Financial Freedom
300: Avoid and Refuse Toxic Negativity - Elite Entrepreneur Trait #4
299: Auction.com Market Outlook: Supply & Demand, Market Slowdowns and Buying at a Discount with Daren Blomquist
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