056: Bill Ham’s Strategies for Market Shifts and Multifamily Excellence
Did you know that cap rates have been on a 15-year compression spree in the real estate market? Join Mina Rickey and Lidiya Korzhuk, immigrant success stories turned real estate gurus, while they discover this remarkable trend in their latest episode of Decoded REI. They sit down with Bill Ham, the go-to expert in real estate, to reveal why savvy investors must act now. Discover the secrets behind surviving short-term loan challenges in the COVID-19 aftermath, and gain priceless insights on decoding inflation cycles and predicting market trends. Plus, get a sneak peek into Bill's system at Broadwell Property Group. This episode is a goldmine of real estate wisdom – tune in and unlock the keys to financial freedom! In this episode, Mina and Lidiya are joined by Bill Ham, COO of Broadwell Property Group, a real estate investor, speaker, and mentor. With extensive experience in managing apartments in the Southeast United States, Bill's passion lies in educating future investors. He has mentored hundreds of successful students and offers unfiltered industry insights without any sales agenda. Bill's expertise spans market cycles, making him a sought-after speaker and contributor to top real estate platforms. His knowledge covers passive and active investing, underwriting, capital raising, financing, market trends, and property management. [00:01 - 14:37) Navigating Real Estate Market Shifts and Short-Term Loan Challenges Stay alert, recognize evolving market trends and stick to fundamental principles Short-term loan holders may face exposure as cap rates shift; $8 billion in loans due in Oct-Nov 2023 Learn as prices correct, understand loan types, avoid overpaying, and communicate with investors effectively [14:38 - 29:01] Mastering Multifamily Investment Success Setting clear expectations and effective communication are crucial for building strong relationships in multifamily investing Two critical aspects of multifamily investing are understanding the “debt service ratio” and managing balloon notes effectively To mitigate risk in multifamily investing, it's essential to grasp market cycles, debt dynamics, and exit strategies [29:02 - 36:09] Real Estate Investing and How to Find Good Deals To succeed in real estate investing, it's crucial to have a solid grasp of your financial numbers and a deep understanding of market data Ensure your offers reflect the actual market value of properties, guarding against the risk of overpaying and enhancing your investment potential Offering a 1.25 debt service ratio and a 25% down payment based on Net Operating Income (NOI), can help secure financing and protect your investment Want to connect with Bill Ham? Follow him on LinkedIn. Visit Broadwell Property Group, a trusted and experienced partner for niche asset classes! Key Quotes: "Stick to the fundamentals, even when market cycles are unclear." - Bill Ham “A good deal remains a good deal, regardless of the day of the week. If it makes sense, generates profit, and you can secure a favorable loan, it's a smart investment.” - Bill Ham Take advantage of this delicious opportunity to try the best beef jerky in America! Head over to www.rickeysjerky.com and use discount code DECODEREI to get 15% off your first order. If you want to build your business and become more discoverable online, Streamlined Media has you covered. Check out how they can help you build an evergreen revenue generator all powered by content creation!
