RCRE - Getting Creative with Bill Ham

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

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

4.9 • 842 Ratings

🗓️ 15 April 2020

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

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

Transcript

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0:00.0	Welcome to the RANCRE show commercial real estate with no stone left unturned.
0:09.9	Hey everyone, welcome to the RANCRE show.
0:13.0	I'm Mike Tarvel and I'm here with my co-host, Will Coleman.
0:16.1	How's it going, man?
0:17.5	Doing well.
0:18.1	Just running the marathon one step at a time and excited to have our guests
0:21.2	on the show today, Mike. Absolutely. I'm super excited to have our guest. He's a legend in our
0:25.7	eyes and I try to, but before we get started, we just want to let everyone know the RAND series
0:30.5	show is sponsored by RAN commercial real estate. We're vertically integrated firm that helps
0:35.0	passive investors find ways to get into deals. We also help financing
0:39.4	deals. If you have any questions, please head us up at info at rancere.com. And Will, how about
0:46.2	you do the honor and entering our guests for today? Sure. So Bill Hamm is the chief
0:52.1	operating officer at Broadwell Property Group, which operates
0:55.9	multifamily properties in the southeast with a focus on Atlanta, Georgia. He's been involved
1:00.5	in a wide range of property types and a wide range of different creative financing situations.
1:05.7	And Bill was actually my coach when I joined the Jake and Geno community. He was the guy I would
1:09.9	go to when I needed to hear what could go wrong with this property
1:13.0	because I know he's lived through a few horror stories in the multifamily world,
1:17.0	so he'd always provide a lot of good insight for me.
1:19.7	So excited to have you on.
1:21.1	How's it going, Bill?
1:21.8	Good, good.
	...

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