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:
238: 170 Valley Case Study — Raising $7.5M in 90 Minutes!
237: Tony Javier on Helping Real Estate Investors Close More Deals with Gap Funding
236: Improve Credibility and Get More Traffic to Your Website with Todd Heitner
235: George O’Brien on Growing Your Real Estate Portfolio By Starting Early
234: Auction.com Market Outlook: Hot Housing Market Shows Signs of Cooling with Daren Blomquist
233: Ron LeGrand on Automating the Real Estate Buying Process with No Money Down
232: Michael Ealy on Investing In Hotels, Even If You Start Out Broke
231: From Military to Millionaire with David Pere
230: Anthony Metzger on Closing a $11M Deal with ZERO Real Estate Experience!
229: 10 Techniques to Add Value, Drive Income and Reduce Expenses with Josh Cantwell
228: Flipping Mobile Homes for Passive Income with Jonathan Tuttle
227: Building Your Real Estate Dream Team
226: How Whitney Sewell Scaled to Over 1,000 Doors in Only 4 Years!
225: 164 Heights Case Study: How Great Teams Overcome Great Challenges
224: The Real Estate Fast-Track for Multifamily Investors with Samson Jagoras
223: 52 Lake Case Study: Increased Value from $3M to $5.2M!
222: Chris Prefontaine on Getting Paid 3 Times For Every Real Estate Deal You Do
221: The Entrepreneurial Journey to Forever Passive Income with Josh Cantwell
220: Avoiding the Real Estate Debt Trap with James Kandasamy
219: The Offer Process: New Listings, Tours, LOI'S and Being Awarded the Deal with Josh Cantwell
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