The Real Estate Syndication Show Whitney Sewell

Many investors build their portfolios without syndicating but through innovative methods such as creative financing. But can this work for other investors too?
 
In today’s episode, Christian Osgood, the co-founder of Multifamily Strategy LLC, shares his multifamily investing journey and how he invested in a resort property. Plus, he describes the culture he built in his business that would inspire many CEOs today.

The Covid-19 pandemic has shattered economies worldwide and it did not spare the U.S. Now, the Feds are raising interest rates to combat inflation. So, how does the current economic situation affect the real estate business, particularly the multifamily sector? And how can you keep yourself informed so that you can be prepared to face the challenges brought on by this economic situation?
Craig Berger of Avid Realty Partners is back on the show for the final episode of our three-part series with him. Craig tells us how many reserves you need to have in place, how are you going to withstand some knocks, and how the economy and the market have changed the way he has done underwriting. Click the play button now!

Key Points From This Episode: 
Craig discusses the current economic situation and how it is affecting the real estate market.Why inflation isn’t just 8% but 30%?What to watch out for in the economy?Where does Craig watch and find information that is helpful to his business?How’s the current economic situation changed how Craig is looking at deals right now?Craig talks about debt being very different at the moment.How a possible recession may affect real estate?Craig shares his company’s risk management techniques.How does Craig calculate the amount of safety capital reserves that he has on hand per deal, and at the corporate level?Craig’s best source for meeting new investors.Craig’s advice to passive investors.The metrics that Craig has personally and professionally.The daily habits that have produced the highest returns for Craig.The number one thing that contributed to Craig’s success.How does Craig like to give back?
Tweetables:
“2022 is pretty much the first time in history that stocks and bonds have both dropped 20% or so.”
“Inflation is more or less on its way back down to more normal levels.”
“We obviously listen very closely to what the Fed says because Fed speak is critical right now. Don't fight the Fed. When the Fed says the raising the economy goes down, when the Fed gets dovish and more accommodative, the economy usually heats up and valuations go up. So we pay particular attention to the Fed.”
"Our underwriting is always changing. It's always in flux. There are some things that are always the same, but there are others other things that are always changing."
“Obviously, in debt, the main thing is rates are higher, and leverage is a lot, lot lower.”
“Anybody that builds a business and owns deals is going to face adversity and take punches along the way.”

Links Mentioned in Today’s Episode:
Craig Berger on LinkedIn
Avid Realty Partners website
WS1506: Why I Left Wall Street for Commercial RE | Craig Berger

About Craig Berger
Craig founded Avid Realty Partners in 2015 after spending more than a decade on Wall Street as a multi-award-winning equity research analyst. The firm’s portfolio has grown meaningfully in recent years. It includes the acquisition of over 1,450 apartment units totaling more than $210M in acquisition value in targeted growth markets across the US, in addition to a few hotels and net lease assets. Avid Realty Partners has taken six deals full cycle totaling $80M of sales value.  The firm continues to make offers on Multifamily apartment properties and plans to acquire new deals over the long term continually. We are proud of the hard work and results that our Team delivers every day on behalf of our Investors, Employees, Residents, Tenants, and other Stakeholders.

Multifamily is a competitive market and finding deals can be a challenging task. So, how do you find deals like a pro? What strategies can you use to make sure that you are getting the deals that will make your investors happy? Craig Berger of  Avid Realty Partners answers all these questions in this second part of our three-part series with him.
Craig begins by detailing how he is finding deals now. He then talks about finding on-market and off-market deals, why you should build relationships with brokers, and how multifamily properties are mostly an institutional asset class. He also emphasizes why being kind and appreciative can go a long way in this business. Tune in now and start sourcing deals like a pro!


Key Points From This Episode: 
Craig details how he’s finding deals.What metrics does Craig look at when sourcing and finding deals?The thought process behind deciding whether the deal is for the long-term or for trade.Craig details some strategies for finding deals right now.The importance of building good broker relationships.Why being kind and appreciative of brokers can go a long way?Craig shares that he and his team brainstorm ideas twice a week.What do most investors do wrong when it comes to broker relationships or networking with brokers?
Tweetables:
“We look for an asset that's going to deliver for our investors. Number one, something that we think we can generate cash flow and appreciation from, and we're pretty value conscious and value sensitive.”
“We do want to build scale, and you don't build a scale by selling off all of your assets.”
“We're looking to create value, we're looking for great locations, hopefully improving locations, growing locations.”
“Even if you love an asset, you still have to at some point transact either internally or externally. Unless you're investing your own money, which would be a great place to be.”
“The reality is multifamily is an institutional asset class. Most of the good deals are institutionally owned.”
“Most of the quality assets are brokered are listed, and that's how we've built our business.”

Links Mentioned in Today’s Episode:
Craig Berger on LinkedIn
Avid Realty Partners website
WS1506: Why I Left Wall Street for Commercial RE | Craig Berger

About Craig Berger
Craig founded Avid Realty Partners in 2015 after spending more than a decade on Wall Street as a multi-award-winning equity research analyst. The firm’s portfolio has grown meaningfully in recent years. It includes the acquisition of over 1,450 apartment units totaling more than $210M in acquisition value in targeted growth markets across the US, in addition to a few hotels and net lease assets. Avid Realty Partners has taken six deals full cycle totaling $80M of sales value.  The firm continues to make offers on Multifamily apartment properties and plans to acquire new deals over the long term continually. We are proud of the hard work and results that our Team delivers every day on behalf of our Investors, Employees, Residents, Tenants, and other Stakeholders.

How do you know when it’s time to leave a career you’ve been doing for so long? What will make you decide to change careers? In life’s journey, it’s normal to experience bumps and turns along the way. These may lead you to different paths and you might discover your passion as you journey on.
Today, our guest Craig Berger of Avid Realty Partners shares why he left his over a decade career on Wall Street to be a full-time commercial real estate entrepreneur. In this first episode of our three-part series with Craig, he talks about career transition, the lessons he learned from his previous industry that have helped him today as an entrepreneur, and how he’s growing his business in this market cycle. Click the play button now and learn many things from Craig!
Key Points From This Episode: 
Craig talks about his background as a multi-award-winning equity research analyst on Wall Street and his transition to commercial real estate.The four reasons why Craig left his more than a decade career to pivot into commercial real estate.Why does Craig think he didn’t transition so well?Craig’s tip to those who want to make the shift into commercial real estate is to find a community of like-minded people.Why is it helpful to get experience first?Craig shares the lessons he got from working on Wall Street that helped him in his real estate career.Who are Craig's first hires?What’s pushing Craig’s business to grow?Craig shares they’ve recently hired seasoned professionals to help the business move forward.Tweetables:
“Wall Street was a great experience. I learned so much. And, a lot of that I take forward with me to real estate. A few things, one, I wanted to make a change and do something new. Two, I really wanted to be entrepreneurial and work to build something more meaningful than working a desk job at somebody else's company.”
“I really wanted to take control of my life, my future, my destiny, and as part of that, do something where I wouldn't be replaced by a computer.”
“Find a community of like-minded people to join. There are a lot of different mastermind groups out there, there are a lot of different communities out there that are a mix of education and plus co-sponsorship and bring you up in a community with support and resources.”
“Get as smart and as educated as you can.”
“Keeping in mind that everything is a cycle is super important.”
“Our goal is to hire the best people we can at this point in time, leverage our track record and go out and raise meaningful amounts of institutional and high-net-worth capital because I think the next 12 to 15 months is going to present some really unique opportunities in the marketplace. And we want to be positioned to pounce on those.”
Links Mentioned in Today’s Episode:
Craig Berger on LinkedIn
Avid Realty Partners website
Upwork
About Craig Berger
Craig founded Avid Realty Partners in 2015 after spending more than a decade on Wall Street as a multi-award-winning equity research analyst. The firm’s portfolio has grown meaningfully in recent years. It includes the acquisition of over 1,450 apartment units totaling more than $210M in acquisition value in targeted growth markets across the US, in addition to a few hotels and net lease assets. Avid Realty Partners has taken six deals full cycle totaling $80M of sales value.  The firm continues to make offers on Multifamily apartment properties and plans to acquire new deals over the long term continually. We are proud of the hard work and results that our Team delivers every day on behalf of our Investors, Employees, Residents, Tenants, and other Stakeholders.

In today’s #Highlights episode, we look back at our conversations with successful real estate entrepreneurs Frank Palatano and Kevin McGrath. Frank is a former teacher before venturing into the real estate space, while Kevin was a former broker. The two share their transition to the real estate industry as operators.

Frank talks about why he left his full-time job to focus on his real estate business and he emphasizes working hard and being consistent with being successful in the space. Meanwhile, Kevin dives into how the rise of e-commerce is increasing the demand for industrial space, further bolstering the resilience of his niche. Enjoy the show!

As the world recovers from the Covid-19 pandemic, travel has slowly but surely made its way back to normal and that means business for the hospitality sector, and that includes short-term rental properties. In today’s #Highlights episode, we feature our conversations again with successful real estate entrepreneurs Alvin Cavalier and Christina VanDergrift. The two discuss how you can start leveraging short-term rentals today!

Alvin continues to leverage his organizational leadership experience to create investments in deals for both new and experienced investors in short-term rentals. Meanwhile, Christina talks about the hows of running a successful vacation rental and why it continues to be a lucrative business even amidst the pandemic. Listen now!