#261: The Mindset of a Multi-Billion Dollar Apartment Operator - with Jim Singleton

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 28 January 2020

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jim is Senior VP & Principal of Acquisitions for Bascom Group and is responsible for analysis, due diligence, equity and debt financing, and transaction execution functions for the acquisition of new assets, as well as the management and disposition of existing assets. As a member of the acquisition team he has been directly involved in the acquisition of 35 multifamily properties located in California, Colorado, Nevada, and Texas totaling 7,751 units and $1.2 billion in project cost.

What You’ll Learn:

What Jim’s role encompasses as Senior VP and principal of acquisitions for a multibillion dollar multifamily operator
What markets he focuses in and which are on his radar as up and coming growth markets.
How they’re managing their operations considering that they feel we’re near the top of the real estate cycle
Why he feels their underwriting process is one of the primary strategic advantages that he feels has put Bascom as a leader in this space
How there projected investor returns have changed from 2013 when he joined the Bascom group to the present day and what factors have been influential in that downward trend.
How they are able to gain a strategic advantage when making offers against other highly competitive operators
How they choose new markets to invest in and what that initial litmus test looks like, additionally, where the income to rent ratio comes into play in this selection process
And much, much more…

Recommended Resources:

Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
Self Directed IRA Investment Opportunity – Click HereTo Learn More About How You Can Invest With Us Through Your SDIRA
Accredited Investors Click Hereto learn more about partnering with me and my team on Mobile Home Park deals!
Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click here
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen. This is the Real Estate
0:22.8	Investing for Cash Flow podcast. Now, here's Kevin Bup. Hey guys, Kevin Bup here, and I want to welcome
0:32.2	you to another episode of the Real Estate Investing for Cashflow podcast. We're missions to help
0:36.6	you build and maintain massive amounts of cash flow through income-producing real estate investments.
0:42.9	Now, our guest for this week's show is real estate and multifamily expert, Jim Singleton.
0:48.1	Now, Jim is senior VP and principal of acquisitions for Basscom Group.
0:52.1	It is responsible for the analysis, due diligence,
0:55.3	equity and debt financing, and transaction execution functions for the acquisition of new assets,
1:00.5	as well as the management and disposition of existing assets. As a member of the acquisition
1:05.6	team, he has been directly involved in the acquisition of 35 multifamily properties,
1:12.2	located in California,
1:20.5	Colorado, Nevada, and Texas totaling 7,751 units and $1.2 billion in project costs. Now,
1:23.9	here's what you're going to learn in our call today with Jim. You're going to learn what Jim's role encompasses as senior VP in of Acquisitions for a multi-billion dollar
1:29.0	multifamily operator?
1:30.3	You can learn which markets he focuses in and which are on his radar as up-and-coming growth
1:34.9	markets.
1:35.9	You can learn how they're managing their operations, considering that they feel we're near the
1:40.0	top of a real estate cycle.
1:42.2	You can learn how he feels their underwriting process is one of the
1:44.6	primary strategic advantages that has put BASCOM as a leader in this space. You're going to learn
	...

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