In this Action Items episode, Bill Ham is back to tell us what to keep in mind when looking for deals and how to avoid overpaying. He also points out the realities of legacy wealth, what truly happens to many inherited real estate, and how we can develop better systems for sustainable generational wealth. Join us and listen in!

Bill Ham is the Chief Operating Officer and the driving force behind Broadwell Property Group. He has upwards of 20 years of experience in Real Estate with a proven track record of identifying, acquiring, operating, and divesting large footprint Multifamily Housing. Bill can be seen and heard on countless podcasts and webinars as well as standing on stage giving presentations at tradeshows and other forums both online and off. Ham is a Real Estate Entrepreneur, a sought-after speaker, an author, and an operator but his real passion lies in education. He has been a coach and mentor to the future titans of Multifamily. Over the years he has counseled hundreds of students who have gone on to close countless millions of dollars in their own deals, many crediting Bill with their success. Bill was born and raised in Middle Georgia where he honed his craft opting to move to the big city of Atlanta in 2015 to expand his reach. He has a wife, Yvonne, and two dogs Jake and Lola. He loves gardening, water skiing, and hiking.

[00:01 – 09:13] Be Careful With Age - The Dangers of Overpaying

• Pointers when looking for deals
• Figuring out how much you can borrow
• Overpriced low cap rate buildings
• How to know if you’re overpaying
• The total cost should ideally be less than market value
• Running the numbers with a property management company

[09:14 – 18:43] Unraveling the Statistics in Integrating Legacy Wealth

• Building credibility in property management companies
• Treating them as consultants
• The conveyor belt of real estate
• Starting with building the portfolio
• When the operations work, legacy wealth appears
• Realities of legacy wealth
• Leaving the assets without the system
• Striving for lasting generational wealth

[18:44 – 21:59] Closing Segment

• Bill shares his 2022 plans
• Connect with Bill!

Tweetable Quotes:

“The likelihood that anything you create is gonna last for, you know, generation two is very low… I believe that's because people have a concept of leaving assets as legacy wealth, not knowledge, not skills, they're not leaving a business, they're not leaving the conveyor belt, they're leaving the assets on the conveyor assets.” - Bill Ham

“Three or four generations down the road that building will be probably very old… It's going to cost somebody a lot of money. And at that point in time, the family will most likely make the decision to just fire sale the asset… They're just looking to get a check and be done with a headache… But that's probably not what the individual who left the assets of the family intended.” - Bill Ham

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Socials and Links

Check out Real Estate Raw on their website!

Check out his book “Real Estate Raw” here!

Be sure to check out PassiveInvesting.com to learn how to build wealth through real estate!

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