18 min

Repositioning Distressed Properties How to Scale Commercial Real Estate

    • Investing

Welcome back to the How To Scale Commercial Real Estate Podcast today we have Brendan Chisholm, Brendan is the founding member of BKC Holding, LLC. A private equity real estate firm focused on acquiring distressed and value-add multifamily and mixed-use communities with asymmetric risk-return profiles. 
 
[00:00 - 05:56] Brendan Chisholm on the Importance of Value Add in Multifamily Investing
Brendan Chisholm started looking into real estate 10 years ago and acquired his first property in 2011. Since then, he's purchased three more properties in under 21 months, all of which have value add deals. He says that the momentum and progress he's making is nothing to be ashamed of and that his focus remains on acquiring multifamily properties in high-demand markets.  
[05:57 - 11:55] Keeping track of your business partners
Brendan shares that their Distressed properties are class Class C assets that they are transitioning to C plus or B minus Assets.   When they purchased the said property it was completely down and uninhabitable.  Implementing interior and exterior trackers to keep track of all capital expenditures Creating spreadsheets to keep track of project status and progress Using monday.com to keep track of meeting notes" Brendan adds that there were 6 GPs that started their first deal and now all of them separately focused on each of their own group of investors to market themselves.   
[11:58 - 17:35] We're Still Focused on Value Add Deals and Distress
Brendan and his company still want to have a full-time maintenance and leasing person on staff. Start building out some of the economies of scale on their end. They are still focusing on these value add deals as well as distressed properties.  
[13:59 - 14:57] Closing Segment
Reach out to Brendan Chisholm!  Links Below  
----------------------------------------------------------------------------------
 
Tweetable Quotes:
“We still think through our business plan.  what we've seen over the past, six months going over now until whenever, it's just to continue buying value, add distressed deals, and forcing that appreciation on the property.” - Brendan Chisholm

Connect with Brendan Chisholm by emailing him at brendan@bkcholding.com
Or visit his website www.brendanchisholm.com
Know more about BKC Holdings by visiting www.bkcholding.com





Connect with me:
 
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  
 
Facebook
 
LinkedIn
 
Like, subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!
 
Email me → sam@brickeninvestmentgroup.com



Want to read the full show notes of the episode? Check it out below:



[00:00:37] Sam wilson: Brendan Chisholm is a principal at Bkc Holding. They currently have 169 units in assets under management, heat, capital rates for value add, and distressed properties in multiple southeast markets. Brendan, welcome to the show.
[00:00:49] Brendan Chisholm: Thank you, Sam. It's a pleasure to join the show today.
[00:00:51] Sam wilson: Absolutely. The pleasure's mine, Brendan, there are three questions I ask every guest who comes in the show In 90 seconds or less, can you tell me where did you start? Where are you now, and how did you get there? How did you get there?
[00:00:59] Brendan Chisholm: Where did I start? 90 seconds or less. All right, here we go real quick. 10 years ago, or right when I graduated college 14 years ago, all I wanted to do was climb a corporate ladder. Didn't wanna do that anymore. So I decided to think real estate was the best way to do it.
I started looking at turnkey turnkey pass of single family homes in the southeast and migrated myself up when I realized that didn't really turn equity or turn money as quickly as possible. Started looking into multi-family. , After th

Welcome back to the How To Scale Commercial Real Estate Podcast today we have Brendan Chisholm, Brendan is the founding member of BKC Holding, LLC. A private equity real estate firm focused on acquiring distressed and value-add multifamily and mixed-use communities with asymmetric risk-return profiles. 
 
[00:00 - 05:56] Brendan Chisholm on the Importance of Value Add in Multifamily Investing
Brendan Chisholm started looking into real estate 10 years ago and acquired his first property in 2011. Since then, he's purchased three more properties in under 21 months, all of which have value add deals. He says that the momentum and progress he's making is nothing to be ashamed of and that his focus remains on acquiring multifamily properties in high-demand markets.  
[05:57 - 11:55] Keeping track of your business partners
Brendan shares that their Distressed properties are class Class C assets that they are transitioning to C plus or B minus Assets.   When they purchased the said property it was completely down and uninhabitable.  Implementing interior and exterior trackers to keep track of all capital expenditures Creating spreadsheets to keep track of project status and progress Using monday.com to keep track of meeting notes" Brendan adds that there were 6 GPs that started their first deal and now all of them separately focused on each of their own group of investors to market themselves.   
[11:58 - 17:35] We're Still Focused on Value Add Deals and Distress
Brendan and his company still want to have a full-time maintenance and leasing person on staff. Start building out some of the economies of scale on their end. They are still focusing on these value add deals as well as distressed properties.  
[13:59 - 14:57] Closing Segment
Reach out to Brendan Chisholm!  Links Below  
----------------------------------------------------------------------------------
 
Tweetable Quotes:
“We still think through our business plan.  what we've seen over the past, six months going over now until whenever, it's just to continue buying value, add distressed deals, and forcing that appreciation on the property.” - Brendan Chisholm

Connect with Brendan Chisholm by emailing him at brendan@bkcholding.com
Or visit his website www.brendanchisholm.com
Know more about BKC Holdings by visiting www.bkcholding.com





Connect with me:
 
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.  
 
Facebook
 
LinkedIn
 
Like, subscribe and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on.  Thank you for tuning in!
 
Email me → sam@brickeninvestmentgroup.com



Want to read the full show notes of the episode? Check it out below:



[00:00:37] Sam wilson: Brendan Chisholm is a principal at Bkc Holding. They currently have 169 units in assets under management, heat, capital rates for value add, and distressed properties in multiple southeast markets. Brendan, welcome to the show.
[00:00:49] Brendan Chisholm: Thank you, Sam. It's a pleasure to join the show today.
[00:00:51] Sam wilson: Absolutely. The pleasure's mine, Brendan, there are three questions I ask every guest who comes in the show In 90 seconds or less, can you tell me where did you start? Where are you now, and how did you get there? How did you get there?
[00:00:59] Brendan Chisholm: Where did I start? 90 seconds or less. All right, here we go real quick. 10 years ago, or right when I graduated college 14 years ago, all I wanted to do was climb a corporate ladder. Didn't wanna do that anymore. So I decided to think real estate was the best way to do it.
I started looking at turnkey turnkey pass of single family homes in the southeast and migrated myself up when I realized that didn't really turn equity or turn money as quickly as possible. Started looking into multi-family. , After th

18 min