Masters of Moments Turning Wall Street Expertise into a Multi-Million Dollar Value-Add Multifamily Business with Gabe Bodhi, CEO of Tekton Group
Gabe has led more than $50mm of multi-family investments in metro Denver, across more than 500 apartment units in Denver, Lakewood and Aurora. Gabe is also the co-manager on over $25mm of multi-family investments (164 units) in Los Angeles.
On this episode, Jake & Gabe discuss:
- Going from Wall St. into Real Estate
- Building Generational Wealth
- Raising Capital
- Executing Value-Add Strategies
Links:
Gabe on Twitter
Connect & Invest with Jake:
Follow Jake on Twitter: https://twitter.com/jwurzak
Take the Hospitality Investing Masterclass: https://learn.jakewurzak.com/
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Topics:
(00:00:00) Intro
(00:01:48) Going from Wall St. into Real Estate
(00:09:38) The desire to create generational wealth
(00:11:14) Balancing raising capital while building wealth in assets
(00:14:26) What are some key principles you abide by to protect you against being a forced seller?
(00:20:15) Waiting for the Fat Pitch
(00:25:46) Can you define sub-institutional real estate and what are some market inefficiencies you see around the asset class?
(00:30:43) How do you find deals?
(00:34:07) A walkthrough of a deal that closed 2 weeks later
(00:39:01) How do you execute quickly on your value-add strategy?
(00:43:03) What’s the structure of your fund and why did you decide to have a fund?
(00:47:48) What did you learn from the first and second funds that you’ll implement in the third?
(00:59:18) Have you thought about deals that you never want to sell?
(01:02:28) What have you learned from your worst deal?
(01:06:23) Getting tenant feedback for Capex
(01:08:26) Gabe’s philosophy around 3rd party managers
(01:12:15) What are your goals over the next 3 years?
(01:17:12) What is your favorite hotel?