Want to hear from people closing multifamily/apartment deals? Listen in as Dan Handford interviews successful multifamily real estate investors as we dive deep into the details on how they got their deal to the finish/closing line and beyond. No fluff. Just getting down to business with how investors are gaining more passive cash flow with multifamily investing. In addition to these interviews, we will also be posting the audio from our weekly multifamily investing webinars so you can enjoy them while on the go.You can join the Multifamily Investor Nation by visiting us on our Facebook page or YouTube. Free weekly webinars are available.
86-Unit The Ross In Salisbury, Maryland With Nick Simpson, Multifamily Investor
Something big is going up in downtown Salisbury, Maryland. Joining Dan Handford on the podcast, multifamily investor, Nick Simpson talks about an upcoming 86-unit student housing property called The Ross in the charming university town. Like many cities of its size across the country, Salisbury is experiencing resurgence, and the presence of a government-funded university makes it a lucrative market for student housing. However, student housing is not your typical multifamily deal. Considering the specific needs of the student clientele, you may have to incur some additional expenses which can potentially depress your expected margins. Nick explains how they are going around this dilemma to ensure that The Ross gives its occupants the optimal student housing experience while staying ahead of its competitors. He also explains the acquisition process, development and property management planning, financing and their projections for occupancy and profitability.
38-Unit Last Vistas In Albuquerque, NM With Jens Nielsen, Multifamily Investor
Coming to the US in 1996, Jens Nielsen took the path that most Americans take. He got an education and then a job in the corporate world for many years. It wasn't until years ago that he realized it wasn't the path going forward for him. He decided to embark on the multifamily path and is now a successful real estate investor and coach, helping people take their investing to the next level. On today’s show, Jens sits down with Dan Handford to talk about a 38-unit called Last Vistas out of Albuquerque, New Mexico – how he acquired the deal and everything that happened after closing it.
15-Unit Montebello Development In Montebello, CA With Scott Choppin, Multifamily Expert
Ever heard of a three-story, five-bedroom, four-bathroom multifamily urban rental townhouse with a two-car garage? That’s exactly the kind of property that features in a new 15-unit development in Montebello, California. In this interview with Dan Handford, multifamily expert, Scott Choppin, founder of the Urban Pacific Group of Companies, explains why this one-of-a-kind property class is strategically positioned to succeed in the California real estate market even as an economic downturn looms over. Scott sees his urban townhouse model as a disruptor in the multifamily real estate market, targeting an underserved market of large, extended families that has long existed in the state. In this conversation, he explains the acquisition, due diligence and development process and how it has been affected by the COVID-19 pandemic.
67-Unit Portfolio in Knoxville, TN With Chad Sutton, Apartment Syndication Expert
Apart from doing it yourself, the best thing to do to learn all things real estate is to take cues from people who have done it before. If you’re into apartment syndication, there is definitely a lot to learn in this episode where Dan Handford talks to Chad Sutton about a 67-unit portfolio they recently closed in Knoxville, TN. Chad is a commercial real estate investor and syndicator with a hyper-focus in multifamily investments. He is also a co-founder and partner at NextGen Real Capital, which has recently joined forces with two other firms to form Quattro Capital. Chad and his partner closed on the properties just when COVID-19 struck, making their experience something that everyone in multifamily should learn from. There are a lot of takeaways from this episode, specifically in relation to loans and funding, so sit tight and take notes.
82-Unit Petersburg Place In Augusta, GA With Jalal John Azar, Apartment Investing Expert
The numbers never lie almost all of the time. That is why when you are thinking of investing in a property, you must do your due diligence before diving in deep because sometimes, what appears great on the surface may not be all there is. Apartment investing expert, Jalal John Azar, is proof of that. As a numbers-driven person, John managed to acquire an amazing property that looks much better in person than on paper. Dan Handford invites him on the show to take us into the 82-unit Petersburg Palace in Augusta, Georgia, that they acquired just last February 2020. John walks us across the entire process, beginning from when they found it and did the walkthrough to taking it further by acquiring and then closing. Follow along this great conversation to learn more and gather some helpful tips and tricks on making an offer, doing due diligence, and structuring deals.
232-Unit Class A Asset In Charlotte, NC With Dan Handford, Danny Randazzo And Brandon Abbott, Managing Partners Of PassiveInvesting.com
Closing an eight-figure deal for a huge multifamily asset is no small feat in any given day, but more so in the middle of a pandemic that has had epic repercussions for the market. Dan Handford, Danny Randazzo, and Brandon Abbott, Managing Partners of PassiveInvesting.com, are certainly up for the challenge, having closed a deal for Hawthorne At Lake Norman, a 232-unit Class A asset located in Charlotte, NC, just in time as the crisis was making a turn for the worse. PassiveInvesting.com actively seeks quality multifamily assets such as this in different markets, mostly in the Southeast. In this episode, they tell how landing the multi-million-dollar deal was facilitated by the good relationships they built with the seller and the brokerage firm they are working with. Their seamless handling of deals like this is reflective of their company philosophy, which aims to enable everyday investors like you to invest in institutional-quality asset deals.