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Jake & Gino: Real Estate Investing & Multifamily

Bankruptcy to Real Estate Success with Nate Barger

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 17 September 2021

⏱️ 35 minutes

🧾️ Download transcript

Summary

Key Takeaways Ask sponsors what is your worst case  Going in cap rate doesn’t matter as much on true value add deals Nate evolved from multifamily to hotels due to more earning potential (24-hour leases) Nate is currently raising $50M in funds for a hotels Finding deals by finding distressed hotel loans that are on 95 cents on the dollar  When funding distressed hotels you need to raise funds for the back payments and PIP (Property Improvement Program) Focus on Primary & Secondary markets and understand your competitive set Investor Pro Tip: Understand and align your goals with the sponsor goals Reach out to Nate by joining the BRRRR Invest Facebook Group

Transcript

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0:00.0

Hey everyone, welcome to the RANCRE show.

0:06.3

I'm your host, Mike Taravella, and today I'm super honored and privileged to have the man

0:11.9

myth, the legend Nate Barger on the show.

0:14.4

Nate's flipped about over 3,500 units, holds about 1,800 units,

0:20.1

is the brains behind the Burr investing Facebook group

0:22.8

that has over 100,000 members. And his next, next little to-do project is to raise $50 million

0:29.9

for distressed hotels. So welcome to the show, Nate. How are you today?

0:35.4

Man, thank you for having me on. Thank all you guys for tuning in. And,

0:39.4

man, I'm doing awesome, brother. I say, they had to take it on the road because he's taken over

0:44.0

the world. And so traffic can't stop him, though, from having a good podcast. Yeah, I was supposed

0:50.5

to be back in office by now, man. But Cincinnati, man, Cincinnati travel time ain't what it always is.

0:57.3

But yeah, we appreciate you having on, and I know you won't.

1:00.4

You'll absolutely deliver and just help everyone, even before the episode,

1:04.6

just helping us in Knoxville.

1:06.1

So the beauty of real estate, no matter where you are in the country,

1:09.3

we're always willing to help and figure out to help each other.

1:11.9

So right, proof in the pudding right now.

1:14.6

Absolutely.

1:15.8

Absolutely, brother.

1:17.1

Yeah, so Nate, I would love to hear kind of more of how, you know, you flip 3,500, you're holding 1800, and now going to hotels.

1:25.4

We'd love to hear kind of the evolution in your investing journey

1:28.5

going from flipping, holding, and to now distressed hotels.

...

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