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The Pros & Cons of the Apartment Investing Game in 2024 | Eric Nelson E179

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Manage episode 414587462 series 3425853
Content provided by Rich Somers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rich Somers 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://player.fm/legal.

On today’s episode Rich sits down with Eric Nelson - Entrepreneur, Real Estate Investor, Founding Partner of Wild Oak Capital, and Host of “The Real Estate Mindset” Podcast. Eric Nelson is from southwest Colorado and received a degree in Civil Engineering from Colorado State University. He is the principal of Wild Oak Capital and is actively syndicating multifamily properties. He has been investing in real estate for over 10 years, and currently has over 650 units under management, with a team or with his wife.

Rich and Eric start off by discussing the challenges of multifamily investing, Michael Blank, living off of acquisition fees, Robert Martinez’s 2023 foreclosure, what killed deals during the COVID-19 pandemic, Rich’s multifamily portfolio, debt assumptions, the benefits of over-communicating in real estate, and why asset management is important.


They then reflect on why Rich is bullish on Multifamily, struggling asset classes, analysis paralysis, doing the reps and shortcutting the path to success, Eric’s new deal in Texas with Eric Chadderdon, what Eric is doing today to respond to cap rates, Eric’s portfolio, seller carries, and the cost of capital.


Lastly, they talk about private debt funds, raising capital through 401k funds, transitioning funds from 506b to 506c, Bethany LaFlam, Eric’s first multifamily deal, Rich’s first boutique hotel deal, and Eric’s search criteria for finding multifamily deals.

Connect with Eric on Instagram: @wildoakcapital

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy
primecorporateservices.com/richsomers

--
Connect with Rich on Instagram: @rich_somers
Interested in investing with Somers Capital? Visit
www.somerscapital.com/invest to learn more.
Interested in joining The 7 Figure Creator Mastermind? Visit
www.the7figurecreator.com to book a free intro call.
Interested in joining our Boutique Hotel Mastermind? Visit
www.somerscapital.com/mastermind to book a free call.
Interested in STR/Boutique Hotel Management? Visit
www.excelsiorstays.com/management to book a free call.

  continue reading

236 episodes

Artwork
iconShare
 
Manage episode 414587462 series 3425853
Content provided by Rich Somers. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Rich Somers 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://player.fm/legal.

On today’s episode Rich sits down with Eric Nelson - Entrepreneur, Real Estate Investor, Founding Partner of Wild Oak Capital, and Host of “The Real Estate Mindset” Podcast. Eric Nelson is from southwest Colorado and received a degree in Civil Engineering from Colorado State University. He is the principal of Wild Oak Capital and is actively syndicating multifamily properties. He has been investing in real estate for over 10 years, and currently has over 650 units under management, with a team or with his wife.

Rich and Eric start off by discussing the challenges of multifamily investing, Michael Blank, living off of acquisition fees, Robert Martinez’s 2023 foreclosure, what killed deals during the COVID-19 pandemic, Rich’s multifamily portfolio, debt assumptions, the benefits of over-communicating in real estate, and why asset management is important.


They then reflect on why Rich is bullish on Multifamily, struggling asset classes, analysis paralysis, doing the reps and shortcutting the path to success, Eric’s new deal in Texas with Eric Chadderdon, what Eric is doing today to respond to cap rates, Eric’s portfolio, seller carries, and the cost of capital.


Lastly, they talk about private debt funds, raising capital through 401k funds, transitioning funds from 506b to 506c, Bethany LaFlam, Eric’s first multifamily deal, Rich’s first boutique hotel deal, and Eric’s search criteria for finding multifamily deals.

Connect with Eric on Instagram: @wildoakcapital

Visit BYLTBasics.com and use code “Somers20” at checkout for 20% on your next purchase
Book a free call with Prime Corporate Services to create a business strategy
primecorporateservices.com/richsomers

--
Connect with Rich on Instagram: @rich_somers
Interested in investing with Somers Capital? Visit
www.somerscapital.com/invest to learn more.
Interested in joining The 7 Figure Creator Mastermind? Visit
www.the7figurecreator.com to book a free intro call.
Interested in joining our Boutique Hotel Mastermind? Visit
www.somerscapital.com/mastermind to book a free call.
Interested in STR/Boutique Hotel Management? Visit
www.excelsiorstays.com/management to book a free call.

  continue reading

236 episodes

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