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RCRE - Getting Creative with Bill Ham

RCRE - Getting Creative with Bill Ham

FromJake and Gino Multifamily Investing Entrepreneurs


RCRE - Getting Creative with Bill Ham

FromJake and Gino Multifamily Investing Entrepreneurs

ratings:
Length:
43 minutes
Released:
Apr 15, 2020
Format:
Podcast episode

Description

Mike Taravella and co host Will Coleman interview Bill Ham, Chief Operating Officer at Broadwell Property Group.   Key Information: Bill has been focusing on newer assets (primarily 1985 and newer) Not focusing on major capital expenditures that don’t have any ROIs (Plumbing) Bill is also focusing on long-term holds Bill anticipates a 15-20% reduction in multifamily valuations Collections in April have been consistent with the previous month but is anticipating a slowdown in May The reserves required for financing is very costly equity and ruin cash returns Bill focuses on 2 creative financing options: seller financing and master leases Seller Financing requires zero or minimal existing debt, market rate interest, interest-only term, 15-20% down, 18-24 month terms. Instead of using down payment, leverage capital expenditures in an escrow. Master leases have more risks because you are a renter and the landlord may not accept your purchase price Expert Pro Tip: Focus on your competency and become more proficient with them. Contact Information: https://broadwellpropertygroup.com/ bill@broadwellpropertygroup.com  To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/   Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre
Released:
Apr 15, 2020
Format:
Podcast episode

Titles in the series (100)

What started out as a conversation between friends exploded into a thriving real estate investment business that continues its growth and profit. Jake and Gino are both experts in multifamily real estate investing and have achieved, by hands-on doing, the sort of financial freedom they've always wanted but were unsure was attainable. If you’re interested in multifamily strategies, syndication, increasing cash flow or just some good old fashion “make it happen” attitude, then this show is for you!