RCRE - Acquiring in Nashville
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
Jake & Gino: Real Estate Investing & Multifamily · Mike and Will
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Show Notes
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
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
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About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com.
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