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91. Insight into Development Market and Current Interest Rates with Michael Hamilton
Manage episode 360507518 series 2853794
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ABOUT MICHAEL HAMILTON
Michael Hamilton is the Managing Partner of Seneca Development Company, a premier real estate firm specializing in mid-rise multifamily development. Based in Portland, OR, Michael founded the company in 2018 and has since grown the business from $1M to over $15M in annual revenue. Seneca Development Company is a vertically integrated company, with an in-house general contracting arm, Hamilton Building Co., that allows the company to have greater control over project quality and timelines. Michael's vision, expertise, and commitment to excellence have earned him a reputation as a rising star in the industry. When he's not working on groundbreaking projects, Michael enjoys unwinding on the golf course, staying active at the gym, and spending quality time with his family.
THIS TOPIC IN A NUTSHELL:
Michael’s background in development and construction arm
FED policies and maneuver on the Development market
Development and design process
How does the FED raising rates affect the Development
Vertical Integration
Tips on starting a new project and revisiting plans
His take on FED rates and Supply and Demand
Portland’s rent control and comparison to other cities
Current market real estate and why invest in real estate?
Real estate market compared to the 2008 Crisis
Residential vs Commercial
Why go into the Development realm?
Criteria for choosing their development projects
Material costing and other factors to look at
Loan and debt assumption on deals
His thoughts on cap rates
KEY QUOTE:
“The beauty of Development is we've got a good year and a half of design, design review, and permitting, allowing us to make decisions on when and if we pull the trigger on going vertical. I think it's more of a when not so much as if so it's a good luxury to have and it's good to know that we are hopefully trending toward the top of these interest rate markets. “
SUMMARY OF BUSINESS:
Hamilton Building Co.- licensed, bonded, and insured commercial general contractor that exclusively builds products for Seneca Development Co.
Seneca Development Co. - a real estate investment company that buys, designs, develops, and operates mid-rise multifamily assets in Portland, OR.
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
#realestateinvesting #VerticalIntegration #Developer #Development #Construction #CurrentInterestRates #GroundUpDevelopment #Portland #DevelopmentProcess #DevelopmentReview #Permits #FedRates #Zoning #Shoring #Residential #Commercial #DevelopmentProjects #Materials #Costing #CapRates #Acquisition #Supply #Demand #FEDraisingRates #RealEstateMarket #HamiltonBuildingCo #SenecaDevelopmentCo #WealthCreation #newepisode #podcasting #RoadToFinancialFreedom #JointheWINpod #WestsideInvestorsNetwork
CONNECT WITH MICHAEL HAMILTON:
Email: Michael@senecadevco.com
Website: https://hamiltonbuildingco.com/, https://www.senecadevco.com/
Instagram: @Michaelalanhamilton, @senecadevco, @hamiltonbuilding
Twitter: @Michael____alan
LinkedIn: https://www.linkedin.com/in/michael-hamilton-13b291117/
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram | @westsideinvestorsnetwork
· LinkedIn | https://www.linkedin.com/groups/13949165/
· Facebook | @WestsideInvestorsNetwork
· Youtube | @WestsideInvestorsNetwork...
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