Description

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/

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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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