Commercial Conversations Over Coffee

Real estate syndication is one of the best ways of building wealth, both as a sponsor and as an investor, in commercial and multifamily real estate. Bruce and Tyler dive into what real estate syndications are (and aren't), how real estate syndications work, and the different ways they've seen for structuring real estate syndications.

Commercial and multifamily brokers are often the gatekeepers to the best deals within your market. After all - they're pounding the pavement day in and day out to build relationships with sellers in order to find their next commission check. As an investor, building a relationship with the top brokers can be the easiest way for you to find deals but it's not always easy to get on their radar. Tyler and Bruce discuss how to build relationships with commercial and multifamily brokers so that you can tap into these opportunities.

Tyler and Bruce's stance on single-family investing may be a bit controversial - they'll never do it. And there are many reasons why: scalability, cash flow, and long-term appreciation, just to name a few. In this episode, Tyler and Bruce explain their reasoning for avoiding single-family investments altogether, why they only invest in commercial and multifamily real estate, and how you can skip SFH investments, too.

The latest coronavirus stimulus package, nicknamed "Coronabus," is almost ~6,000 pages. If passed into law, the bill will include something for almost every business (including real estate!):

PPP

PPP2

EIDL

Grants

Tax Credits

Tax Deferment

Tax Planning Opportunities

The bill gets its shortened name from "Coronavirus Relief & Omnibus Agreement. Some of the best news is that expenses that have been, or will be forgiven for PPP are now fully deductible and there's a second round of PPP for eligible groups. Some industries can get up to 3.5x monthly payroll and some may even qualify for funds up to 45% of 2019 revenues.

Today, Bruce and Tyler are diving into the bill (at least what they've been able to cover so far) to discuss how this relief bill may affect commercial & multifamily real estate.

The coronavirus has had a significant impact on commercial and multifamily real estate. The shutdowns brought a massive amount of uncertainty for many product types: many multifamily tenants were laid off or furloughed and unable to pay rent, commercial businesses were forced to close their doors to prevent more spreading of the disease, and these changes caused quite a bit of stress for investors. While there are some clear losers arising from Coronavirus, there are many new, established, and rapidly emerging trends catching on that will thrive in 2021, such as ghost kitchens, last-mile distribution, proptech (property technology), and micro-units. Today, Bruce and Tyler dive into the COVID-19 impact on real estate and the trends, markets, and their outlook for real estate investing in 2021.

Tyler’s commercial real estate career began in the Fall of 2013 as the in-house leasing agent for a Nashville development firm. After stabilizing the company’s shopping center and office assets, Cauble began taking on 3rd party work and put together his first development deal: 42 for-sale townhomes in Bellevue.

Then, in February of 2018, Tyler launched his best-selling book, Open for Business: The Insider’s Guide to Leasing Commercial Real Estate, and founded the East Nashville-based commercial real estate brokerage, The Cauble Group. Later that year, he and his partners founded Parasol Property Management to serve the management needs of his investment clients.

Since 2019, Cauble has been raising capital for value-add investments in the Greater Nashville area, providing high-quality commercial space at affordable prices - a much-needed solution for Nashville’s entrepreneurial community.

The Apartment Guy℠, Bruce Petersen, is a serial syndicator of large multi-family properties throughout Central Texas ranging in size from 120-292 units. He was awarded the Austin Apartment Association’s Independent Rental Owner of the Year for 2016 and the National Apartment Association’s Independent Rental Owner of the Year for 2017. Bruce targets stabilized properties where he can buy a cash-flowing asset and drive value through improved operations. He is able to do this by implementing his proven systems and deploying his experienced staff to replicate his business model across the new acquisitions.

Bruce began mentoring others in the syndication, acquisition, operation, and disposition of multiple apartment complexes in 2014. Bruce’s passion is providing passive streams of income to investors by improving apartment complexes and creating communities residents love to call home.

The Apartment Guy℠, Bruce Petersen, is a serial syndicator of large multi-family properties throughout Central Texas ranging in size from 120-292 units. He was awarded the Austin Apartment Association’s Independent Rental Owner of the Year for 2016 and the National Apartment Association’s Independent Rental Owner of the Year for 2017. Bruce targets stabilized properties where he can buy a cash-flowing asset and drive value through improved operations. He is able to do this by implementing his proven systems and deploying his experienced staff to replicate his business model across the new acquisitions.