RCRE - Acquiring in Nashville

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 17 June 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella and co-host Will Coleman interview Adam Klenk and Tyler Mayo of Capstone Apartment Partners. Key Information: Underwriting models should factor in the new reserve requirements and hold periods based on what market the asset is in. Different markets require different reserve amounts. What metrics to look for if a market or sub-market is being over developed. High job growth and high market rents are good indicators to look for in regards to the development stage. How extended due diligence periods and financing contingencies are affecting buyers and sellers. Ask a lot questions and clarify any details during the underwriting process if you are misaligned on price with the seller Focusing too much on off the market deals can make you miss out on good on market deals Expert Pro Tip: “Ask Questions” Contact Information: (615) 861-9906 - Adam Klenk (662) 386-1622 - Tyler Mayo https://capstoneapts.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

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:09.8	Hi, everyone.
0:11.0	Welcome to the RANCRE show.
0:12.9	I'm your host, Mike Tarvella, with my co-host, Will Coleman.
0:15.9	Will, how's it going?
0:17.0	Howdy, Mike?
0:17.5	Doing well, just running the marathon one step at a time.
0:20.4	Awesome.
0:20.9	I'm super excited to have our guests on and they're a great group in Nashville.
0:25.1	And we have our first recurring guests on the RANC Siri podcast.
0:28.1	So Will, how about you introduce them?
0:29.9	Sure.
0:30.2	So today we have Adam Klink and Tyler Mayo.
0:33.8	It's like we mentioned, Adam has been on the podcast before.
0:36.6	And we're excited to have Tyler join us today.
0:39.6	So Adam began his career in real estate as a principal investor in various investment properties.
0:44.8	As a property broker, Adam has transacted over 500 million in multifamily real estate alone, totaling a unit count of nearly 10,000 units.
0:53.2	And Tyler Mayo here, who's got some sweet hair for those who are on the YouTube channel,
0:57.7	I'm quite envious.
0:59.0	Tyler received his BBA and MBA from Mississippi State and started his brokerage career in 2016,
1:05.6	starting in New York and joined Capstone in 2019.
1:09.0	Tyler has transacted approximately $200 million in multi-families.
	...

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