Artwork

Content provided by Chris Lopez - Denver Investment Broker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Lopez - Denver Investment Broker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.
Player FM - Aplicație Podcast
Treceți offline cu aplicația Player FM !

#532: Value-Add Strategy in Longmont Unravels Due To $400K Repair Surprise

16:31
 
Distribuie
 

Manage episode 446390419 series 1509138
Content provided by Chris Lopez - Denver Investment Broker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Lopez - Denver Investment Broker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Ever wonder why some real estate deals fall through? In this eye-opening episode, we dissect a $4.6 million apartment complex deal in Longmont, Colorado that looked promising but ultimately unraveled due to a surprise repair during due diligence. We explore how a value-add strategy in Longmont unraveled due to a $400K repair surprise, offering crucial lessons for investors.

Host Chris Lopez sits down with Adam Fenton of Narrate Holdings to uncover:

  • How a promising 26-unit townhome deal with a projected 27% IRR crumbled
  • How the $400K repair surprise derailed the Longmont value-add strategy
  • Why even experienced investors can be blindsided by hidden property issues

Adam shares his hard-earned wisdom on due diligence, including:

  • The critical importance of thorough inspections, even at the risk of losing earnest money
  • How to calculate your “deal funnel” – in Adam’s case, only 1 in 40 deals actually close
  • Strategies for staying disciplined in a challenging market where good deals are scarce

Whether you’re a seasoned investor or just starting out, this episode offers valuable insights into the realities of multifamily investing. Don’t miss this chance to learn from a deal that didn’t happen – it might save your next investment. Discover why this value-add strategy in Longmont unraveled due to a $400K repair surprise and how you can avoid similar pitfalls in your investments.

Timestamps

(03:12) Construction and Rehab Budget

(05:47) Importance of Due Diligence and Property Inspection

(09:19) Termination of the Deal and Lessons Learned

Links to Podcast

Interested in learning more about Narrate or investing in one of their projects?

Schedule a call with our team here

Visit Narrate Holdings Website

Adam Fenton LinkedIn

Check out our other Narrate Podcasts

Episode 499: How this Developer’s Creative Debt Financing Strategy Helps Them Stand Out w/ Adam Fenton

Episode 501: Real Estate Development from Concept to Reality | Deal Analysis

Episode 527: How to Negotiate Land Deals for Your Next Multifamily Project

Who is Narrate?

Based in Denver, Narrate is a boutique private equity firm specializing in the investment and development of multifamily and mixed-use real estate projects as well as business ventures across the US. We are an experienced team of professionals focused on limiting downside risk while providing long-term, stable growth for investors. Our portfolio includes a diversified mix of ground-up development and existing value-add properties as well as high margin scalable businesses. Our approach blends personalized attention with deep industry expertise, enabling us to identify and nurture opportunities that others may overlook.

Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.

  continue reading

304 episoade

Artwork
iconDistribuie
 
Manage episode 446390419 series 1509138
Content provided by Chris Lopez - Denver Investment Broker. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Chris Lopez - Denver Investment Broker or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

Ever wonder why some real estate deals fall through? In this eye-opening episode, we dissect a $4.6 million apartment complex deal in Longmont, Colorado that looked promising but ultimately unraveled due to a surprise repair during due diligence. We explore how a value-add strategy in Longmont unraveled due to a $400K repair surprise, offering crucial lessons for investors.

Host Chris Lopez sits down with Adam Fenton of Narrate Holdings to uncover:

  • How a promising 26-unit townhome deal with a projected 27% IRR crumbled
  • How the $400K repair surprise derailed the Longmont value-add strategy
  • Why even experienced investors can be blindsided by hidden property issues

Adam shares his hard-earned wisdom on due diligence, including:

  • The critical importance of thorough inspections, even at the risk of losing earnest money
  • How to calculate your “deal funnel” – in Adam’s case, only 1 in 40 deals actually close
  • Strategies for staying disciplined in a challenging market where good deals are scarce

Whether you’re a seasoned investor or just starting out, this episode offers valuable insights into the realities of multifamily investing. Don’t miss this chance to learn from a deal that didn’t happen – it might save your next investment. Discover why this value-add strategy in Longmont unraveled due to a $400K repair surprise and how you can avoid similar pitfalls in your investments.

Timestamps

(03:12) Construction and Rehab Budget

(05:47) Importance of Due Diligence and Property Inspection

(09:19) Termination of the Deal and Lessons Learned

Links to Podcast

Interested in learning more about Narrate or investing in one of their projects?

Schedule a call with our team here

Visit Narrate Holdings Website

Adam Fenton LinkedIn

Check out our other Narrate Podcasts

Episode 499: How this Developer’s Creative Debt Financing Strategy Helps Them Stand Out w/ Adam Fenton

Episode 501: Real Estate Development from Concept to Reality | Deal Analysis

Episode 527: How to Negotiate Land Deals for Your Next Multifamily Project

Who is Narrate?

Based in Denver, Narrate is a boutique private equity firm specializing in the investment and development of multifamily and mixed-use real estate projects as well as business ventures across the US. We are an experienced team of professionals focused on limiting downside risk while providing long-term, stable growth for investors. Our portfolio includes a diversified mix of ground-up development and existing value-add properties as well as high margin scalable businesses. Our approach blends personalized attention with deep industry expertise, enabling us to identify and nurture opportunities that others may overlook.

Disclaimer: This podcast provides educational and informational content only. It does not constitute personalized financial, legal, or tax advice.

  continue reading

304 episoade

Toate episoadele

×
 
Loading …

Bun venit la Player FM!

Player FM scanează web-ul pentru podcast-uri de înaltă calitate pentru a vă putea bucura acum. Este cea mai bună aplicație pentru podcast și funcționează pe Android, iPhone și pe web. Înscrieți-vă pentru a sincroniza abonamentele pe toate dispozitivele.

 

Ghid rapid de referință