JF3492: The 4 Key Points of Underwriting, the State of Self-Storage, and Investing Through Market Cycles ft. Ryan Smith
Mar 27, 2024
auto_awesome
Ryan Smith, principal at Elevation Capital Group, discusses his real estate journey, investing in self-storage and mobile home parks, underwriting process, and navigating through market cycles. He shares insights on market selection, post-COVID investment trends, strategic rent increases, and community-driven investing approach.
Elevation Capital Group focuses on mobile home parks and self-storage for long-term asset ownership and conservative debt usage.
Ryan Smith emphasizes transparent underwriting process with cash flow predictability, capital appreciation opportunities, and tax benefits.
Deep dives
Viking Capital's Passive Real Estate Investing Opportunities
Viking Capital offers passive real estate investing opportunities to accredited investors, focusing on preserving investor capital and maximizing long-term growth potential. With $800 million in assets acquired, Viking Capital guides investors towards financial freedom through transparent underwriting and a responsive investor relations team.
Ryan Smith's Transition from Software to Real Estate Investment
Ryan Smith, principal at Elevation Capital Group, transitioned from creating software to real estate investment, starting at a young age under the guidance of his father. His early involvement in underwriting and financial analysis led to creating software that eventually became widely used for real estate investment analysis.
Investment Strategies and Asset Classes in Real Estate
Ryan Smith discusses the investment strategies and asset classes preferred by Elevation Capital Group, focusing on mobile home communities and storage facilities. The company's underwriting model emphasizes cash flow predictability, capital appreciation opportunities, and tax benefits when considering investment opportunities.
Long-Term Asset Ownership and Conservative Debt Usage
Elevation Capital Group's approach emphasizes long-term asset ownership and conservative debt usage, aiming to add value to assets, return member capital, and keep good assets for extended periods. The company engages in refinancing strategies to maintain financial stability and increase liquidity for investors.
Ryan Smith, principal at Elevation Capital Group, joins host Joe Cornwell on the Best Ever Show. In this episode, Ryan discusses his upbringing in real estate, investing in mobile home parks and self-storage, and investing through multiple market cycles. He also breaks down the state of self-storage and the four key points he uses in his underwriting process.