WS1919 Applying Aerospace Engineering to Real Estate Investing | Jonathan Nichols

In today's episode of the Real Estate Syndication Show, we had the pleasure of speaking with Jonathan Nichols, co-founder of Apogee Capital. Jonathan's unique background in aerospace engineering has provided him with a skill set that has proven invaluable in the world of real estate syndication. He shared insights into how his engineering mindset has influenced his approach to underwriting and risk management in real estate investments.

Key Points from Jonathan Nichols:

• Asset Management: Jonathan stressed the importance of asset management in the success of real estate syndication. He and his wife joined an asset management mastermind to excel in this area, as it's crucial for turning numbers on a page into reality.
• Debt Strategy: During 2021-22, Jonathan made the conservative decision to avoid high leverage bridge debt, which has paid off as his projects are now benefiting from low-interest, fixed-rate debt.
• Underwriting Tips: Jonathan provided tips on underwriting, such as being cautious with loan assumption deals and ensuring adequate leverage. He also mentioned the importance of understanding cap rates and their relationship with interest rates.
• Market Outlook: Jonathan shared his thoughts on the current market, expecting a slow first half of 2024 but reminding listeners of the long-term fundamentals of real estate investing.
• Advice for Investors: He advised stacking conservatism in reserves for operating expenses and CapEx to prepare for unexpected costs and emphasized the importance of cash flow management.
• Finding Investors: Jonathan discussed the evolution of finding investors, starting with friends and family, then growing through references, and now exploring social media platforms.
• Giving Back: Jonathan and his wife are service-oriented and have participated in building homes for families in need, which has been a meaningful way to give back to the community.

Listeners can learn more about Jonathan and his work at Apogee Capital by visiting their website, ApogeeMFC.com, or by following him on LinkedIn.

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