BAM Capital Featured on Latest Trending Today EpisodeBAM Capital was “featured on a recent episode of Trending Today”, which aired on November 2, 2021. This award-winning show airs on the Fox Business Network. The six-minute segment featured the BAM Companies and some of the people who are working behind the scenes to make this multifamily acquisition and management company great. Trending Today interviewed Ivan Barratt, who is the founder and CEO of the BAM Companies. He spoke about the company’s beginnings and its journey into becoming a four-time Inc. 5000 Awardee. “I am Ivan Barratt, founder and CEO of the BAM Companies. We’re a multifamily owner/operator here in the Midwest, so basically I’m an apartment guy. BAM Companies owns 5,000 apartments here across the Midwest. We’ve got close to 100 employees now, somewhere over $600 million in assets under management, and that all started with me in a duplex,” Barratt told Trending Today. “In the beginning, BAM was Barratt Asset Management and we were a property management company. We started managing assets—mostly small assets for investors that didn’t want to deal with “the tenants and the toilets”. One day, a few years ago, we decided that it was time to transition away from managing for other people and so we transitioned out of that management company for others to where now we only manage apartments that we own and control. From there, three companies really grew out of the original one. That original management company which is still the beautiful machine that makes this whole thing work.” The BAM Companies, formerly known as Barratt Asset Management, consists of BAM Capital, BAM Management, and BAM Construction. “Our roots and foundation are in property management. Layering on BAM construction and BAM Capital allows us to be fully vertically integrated while still keeping those roots planted in the management team,” Barratt said. Jerry Hyatt, Vice President of BAM Construction, was also featured. “My role is to identify projects from the very beginning and then make those projects a reality after closing. We do anything from small value-add projects to complete full renovations of an asset, soon-to-be shovels in the dirt, and building from the ground up.” Hyatt looked back at the company’s humble beginnings and reflected on how far the BAM Companies has come. “I started back in the 1990s and luckily joined up with BAM about six years ago and it’s been a great journey,” he said. “When I first started I don’t think we even had computers in the offices or in the communities. Now with technology, we stay ahead of all of our competitors. Technology makes BAM Construction more efficient, which in return pays off for the investor.” The Trending Today segment also put a spotlight on some of BAM Capital’s multi-deal investors, including chiropractic physician Dr. Charbel Harb. “Being a physician in the state of Indiana, my focus is primarily on my patients, staff, and family, so for me it’s very important to know that I have a passive investment vehicle: BAM Capital.. Trust and transparency are a very important component in my relationships. It’s important to know that you are handing your investment and your hard-earned money to a person that you can trust.” Investors love BAM Capital’s low-risk investment approach. BAM Capital focuses on Class A, A-, and B++ multifamily properties because they offer the lowest risk for investors. Through multifamily syndication, investors do not need to purchase an asset on their own. BAM Capital will arrange the syndication deal and also handle property management. Investors can pool their resources and get money from the cash flow and equity once the deal is done. Trending Today is a show that airs nationwide on the Fox Business Network and reaches over 65 million households. It celebrates entrepreneurs from around the US including trendsetters, inventors, and innovators. BAM Capital is now a thought leader in the multifamily investing industry. Viewers can catch Trending Today on streaming services including Apple TV, Roku, Amazon Fire stick and hundreds of smart TV platforms. BAM Capital works with accredited investors and negotiates the purchasing and financing of high-quality multifamily real estate properties on their behalf. This Indianapolis-based company currently has $650 million AUM and 5,000 units. Visit BAM Capital at https://capital.thebamcompanies.com About BAM Multifamily Growth & Income Fund IIBAM Capital created this fund in order to yield consistent and reliable cash flow, long-term appreciation, and accelerated tax benefits. The fund aligns with BAM Capital’s demonstrated track record of successful multifamily investing by continuing to implement our signature investment thesis, now in fund format. The fund aims for greater overall returns and lower risk through a multi-asset diversification strategy.
The above link will take you to the free Investor Portal to view all current offerings. If you do not have an account already, please create one to view the information.
The contents on this site are for informational and entertainment purposes only and do not constitute financial, investment, or legal advice. BAM Capital cannot guarantee that the information shared on this post or page is appropriate for you and your financial situation. By using this site, you agree to hold BAM Capital and any and all entities related to the writing & publishing including BAM Capital’s parent company harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Always consult your investment advisor, CPA, and other professionals before making an investment. BAM Capital is excited to help you grow your investment assets. Please contact us to see how we can help you.
The post BAM Capital Interviewed On Trending Today appeared first on BAM Capital. Via https://capital.thebamcompanies.com/2021/11/trending-today-interview-multifamily-syndicator/
0 Comments
Real Estate Investing: Classifying Neighborhoods A to CTable of ContentsReal estate investors know that certain properties will help them fulfill their investing goals better than others. Depending on factors such as location, amenities, condition, and age, a property can go up or down the class rating system. When it comes to property class, there is actually no strict rule that determines what class rating a property should have. The terms “Class A”, “Class B”, and “Class C” are used as a loose standard within the real estate industry. They can help investors and real estate professionals communicate a property’s value quickly and easily. While the class rating does not fully reflect the value of a property, it does give a reliable description of what investors could expect. Each property class has its advantages and disadvantages, which is why some investors may choose to focus on one over the others. For example, BAM Capital only takes on Class A, Class A-, and Class B++ assets because one of our goals is to provide low-risk investment opportunities for our investors. [1] These classifications not only apply to properties but also neighborhoods. Location is very important in terms of real estate investing, which is why the same class ratings are used. Despite being a “loose standard”, these class ratings are still worth learning about. Here are the characteristics of each neighborhood class rating. Neighborhood ClassesThe usual class ratings are Class A, Class B, and Class C. Sub-categories like Class A- or Class B++ are used to describe properties or neighborhoods that are somewhere in between these standard classifications. [2] It is important to remember that these classifications are just a guide and investors can still make their own assessment based on several factors—including their subjective opinion. In fact, one investor may think a property is Class B while another thinks it is Class C. These class ratings can also be assigned to specific neighborhoods based on criteria such as location, home amenities, crime rate, property condition, etc. Class A neighborhoods may have plenty of Class A properties because they are well-located, while Class C neighborhoods may have homes with fewer amenities. [2] Investors can use these classifications to find neighborhoods with the type of properties they are looking to invest in. This can come in handy when considering their budget, investing goals, and ROI expectations. Even though there are no set rules, there are still a number of factors that may influence a neighborhood’s class rating. For example, a neighborhood with new homes and impressive amenities may get a higher rating than one with older homes and no amenities. Class C neighborhoods typically have the oldest properties. Realistically, certain neighborhoods will have homes of varying ages, so other factors come into play. The condition of the properties—whether the homes are well-maintained or not—will factor into the equation. The same goes with repairs, renovations, and landscaping. Some neighborhoods have undergone renovations and landscaping to make them more attractive to potential tenants. [2] Even if a neighborhood is considered Class C or Class B, they can still improve in the future if new homes are built and if older properties are repaired and renovated. Neighborhoods with easy access to restaurants, grocery stores, schools, parks, malls, golf courses, and transportation hubs are typically Class A to B. Neighborhood classes aren’t just about the properties but also the people living in them. Places with high income tenants or working in good companies can increase their neighborhood’s rating. Similarly, a neighborhood with a high crime rate will have a lower rating because tenants are less likely to move in. Class A neighborhoods have the lowest crime rate. [2] Finally, there are also financial aspects that affect the neighborhood classes. For example, an area’s average purchase price may indicate the neighborhood class Appreciation factors into a neighborhood’s class rating as well. It can sometimes be easy to spot neighborhoods with no appreciation potential. This includes neighborhoods that are considered Class D—which is the lowest rating. Class A NeighborhoodsClass A neighborhoods are considered top-of-the-line. They’re the best of the best. Sometimes they are even considered among the best places to live. These neighborhoods attract wealthier tenants because the properties are on the higher end of the spectrum. Class A neighborhoods are generally bigger, more modern, and have all the bells and whistles that make them appealing to prospective tenants. Amenities like granite countertops, central air setups, SMART home systems, alarms, real wood flooring, and multiple bedrooms are not only common but often expected. [2] These neighborhoods are well-located and have access to impressive area amenities such as golf courses, entertainment, fine dining, and parks. Class A neighborhoods also don’t need to worry much about crime. The properties within are new and well-built, and they are also well-maintained. If there is a downside to Class A neighborhoods it’s the fact that they come with a high price tag. Because of the price, tenants may have higher expectations in terms of amenities and maintenance. But investors don’t necessarily have to take on the role of landlord if they are interested in a Class A property. Through multifamily syndication, multiple investors can pool their money in order to purchase a single asset. A syndicator locates and puts the deal together and then looks for investors. This is a passive type of investment that does not require investors to manage the property. They will profit from the cash flow and the equity once the deal has closed. Passive investors supply most of the capital required in exchange for equity in the real estate. [3] BAM Capital prioritizes Class A and Class A- properties because they are the most reliable investments with the greatest potential for a huge profit. Class B NeighborhoodsAlthough Class B neighborhoods aren’t as prestigious as the ones in Class A, they can still be good. In fact, they have the most potential of upgrading to Class A with a few repairs, renovations, and additions. The properties in a Class B neighborhood are generally well-built even though they are a bit older. Despite not having as many amenities, Class B homes are well-maintained. General repairs may be needed because of the age of these properties. [2] Class B neighborhoods aren’t as well-located, but they are clean and have curb appeal. Schools, shopping centers, and popular restaurants are typically located nearby. In terms of crime rate, these neighborhoods are considered safe and comfortable for renters. Residents are usually working-class families as well as a few higher-income earners. Investors can expect a steady cash flow from these middle to upper-class type neighborhoods. Class B properties are not as expensive as Class A ones. Additionally, Class B properties can be upgraded to increase home value and even monthly rent. Overall, Class B neighborhoods have attractive properties that can make good investments. [2] BAM Capital occasionally offers Class B++ properties that can easily be upgraded to Class A. Class C NeighborhoodsClass C neighborhoods aren’t necessarily bad, but the properties tend to be older and don’t have the finishes that Class A or B typically have. Some properties may be over 20 years old. Investors and renters shouldn’t expect a whole lot of amenities. Class C properties may also require a lot of repairs or renovations before they can be ready to rent. However, this is to be expected because these properties have a lower price. [2] Neighborhoods that are not well-located or landscaped may be placed in this category. In terms of appearance, the properties can be described as average. That said, they still have access to plenty of fast food, grocery stores, shops, and some restaurants. They are also located near bus routes and other means of transportation. The crime rate is a bit higher than a Class B area. Residents of Class C neighborhoods are usually blue-collar workers and mid to lower-income earners. Some investors focus on Class C neighborhoods because the properties are more affordable and practical. They can also be a good fit for newer investors. With a few repairs, these properties can become Class B, which raises its equity. However, a Class C property also has the potential to transition into a Class D which is something investors would want to avoid. BAM Capital’s focus is on creating low-risk investment opportunities for investors, which is why it does not offer Class C properties. Work with BAM CapitalInvestors looking for a multifamily syndicator should work with BAM Capital. BAM Capital will arrange the syndication deal and also handle property management, so you don’t have to worry about the usual responsibilities associated with real estate investing. You don’t have to take on the role of a landlord. Through multifamily syndication, investors can enjoy a low-risk and passive investment where they can get money from the cash flow and equity once the deal is done. [1] BAM Capital works with accredited investors and negotiates the purchasing and financing of high quality multifamily real estate properties on their behalf. This Indianapolis-based company currently has $650M AUM and 5,000 units. Schedule a call with BAM Capital and invest today. BAM Multifamily Growth & Income Fund IIBAM Capital created this fund in order to yield consistent and reliable cash flow, long-term appreciation, and accelerated tax benefits. The fund aligns with BAM Capital’s demonstrated track record of successful multifamily investing by continuing to implement our signature investment thesis, now in fund format. The fund aims for greater overall returns and lower risk through a multi-asset diversification strategy.
The above link will take you to the free Investor Portal to view all current offerings. If you do not have an account already, please create one to view the information.
The contents on this site are for informational and entertainment purposes only and do not constitute financial, investment, or legal advice. BAM Capital cannot guarantee that the information shared on this post or page is appropriate for you and your financial situation. By using this site, you agree to hold BAM Capital and any and all entities related to the writing & publishing including BAM Capital’s parent company harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Always consult your investment advisor, CPA, and other professionals before making an investment. BAM Capital is excited to help you grow your investment assets. Please contact us to see how we can help you.
The post Real Estate Investing: Classifying Neighborhoods A to C appeared first on BAM Capital. Via https://capital.thebamcompanies.com/2021/11/classifying-neighborhoods-a-to-c/ What is a Class A Multifamily Property?Table of ContentsBecause of the perception that commercial real estate is confusing and complicated, some people shy away from investing in it. And while it is true that there are some jargons used in the industry, they are easy enough to learn and understand. Terms like “multifamily properties” and “property classes” may be unfamiliar at first, but with a bit of research, these terms can help new investors navigate real estate investing. For example, property classes are used to characterize assets and give investors an idea of what a property is like before they even see it in person. Real estate assets can be characterized by property class: Class A, B, C, and D are used to quickly describe a property based on age, location, condition, and amenities. Based on these classifications and the investor’s preferences, they may choose one property over another. Some syndicators such as BAM Capital focus on Class A, A-, and B++ properties because they are considered safer investments when it comes to multifamily syndication. Others focus on investing in Class B and C properties with the intention of renovating these properties to a higher class than when acquired. Familiarizing yourself with these terms will therefore help you make more informed investment decisions in the future. What is a Multifamily Property?If a residential building has multiple units and can be occupied by more than one family, it is considered a multifamily property. Apartment complexes, condominiums, duplexes, and triplexes all fall under this category. The number of units does not matter. As long as multiple families can live in separate units within one property, it is considered a multifamily property. [1] Multifamily real estate is a specific commercial real estate product type. The term “multifamily” is used to differentiate the properties from single family homes and other housing types that are generally owned by one household. [2] What is a Property Class?A property class, also known as an asset class, is a group of investments that have similar characteristics. They are comparable in terms of age, condition, location, and number of amenities provided. [2] Class A properties are considered the best across the board. On the other hand, Class D paints another picture: a property of this class may be old or in poor condition. There are no strict rules that determine a property’s classification. In fact these property classes are just intended to be a guide for investors so they can quickly describe a commercial real estate property. Property class can be influenced by other properties in the area since location is one of the factors used when classifying real estate. Therefore the class system not only refers to the physical characteristics of a property but also its geographic and demographic qualities. [2] It is also possible for a property class to change. This typically happens to Class B or C properties that go up one class after a few repairs or a renovation. What is a Class A Property?From a risk perspective, a Class A investment property is considered one of the safest investments. These properties are well-located in primary markets, particularly in areas where the underlying economics are strong. Class A real estate are located near universities, hospitals, shopping centers, major employers, and cultural activities. They usually have good access to highways and/or public transit. Simply put, these are places where people want to live. [2] Not only are Class A multifamily properties well-located but they are also in good condition. These are newly constructed condos and apartments with plenty of amenities that can attract renters. As such, they rarely have vacancies and even when they do, the vacancy does not last very long. Investors can therefore enjoy a continuous stream of revenue. A property does not necessarily have to be new to be considered Class A. A property in a good location that has been recently renovated can also fit the classification. Because of their quality and potential to produce a strong cash flow, Class A properties tend to be in high demand among investors. This is why they can drive prices that are beyond the means of the average investor. Those who are interested in investing in a Class A multifamily property can try multifamily syndication. A multifamily syndication is a type of real estate investment wherein multiple investors pool their money in order to purchase an asset. A sponsor locates the deal and manages the investment once the deal has closed. This sponsor serves as the general partner who coordinates the transaction throughout the process. [3] Investors who want to try multifamily syndication should work with BAM Capital. BAM Capital handles all steps of the investment life-cycle, from purchasing to remodeling to management, yielding a higher return for investors. Investing in a Class A PropertyClass A properties come with a number of benefits since they are considered the best of the best. For starters, Class A multifamily properties tend to attract the most desirable renters, including long term tenants and six-figure earners who are willing to pay a premium to live in these attractive properties. [2] Repair and maintenance bills will be smaller at first when you invest in a Class A multifamily property because the building, appliances, and fixtures are all brand new. For investors who do not want the hassle of becoming a landlord, multifamily syndication is the perfect option because the deal typically involves bringing in another company to handle property management. No need to worry about responsibilities like managing tenants and dealing with emergencies. Work with BAM CapitalBAM Capital focuses on Class A and A- multifamily properties because they offer the lowest risk for our investors. BAM Capital also occasionally works with Class B++ properties because those are the ones with the greatest potential to upgrade into a Class A property with a few repairs here and there. As an investor looking into Class A real estate investing, there is no need to purchase an asset on your own. BAM Capital will arrange the syndication deal and also handle property management. Our investors love the low-risk investment approach offered by BAM Capital. Investors can pool their resources and get money from the cash flow and equity once the deal is done. [4] BAM Capital has a Midwest focus, so we offer the best multifamily properties for investors in that area. Investors can enjoy BAM Capital’s low-risk investment strategy that creates forced appreciation. BAM Capital’s vertical integration model also mitigates investor risk. [4] BAM Capital works with accredited investors and negotiates the purchasing and financing of high quality multifamily real estate properties on their behalf. This Indianapolis-based company currently has $650M AUM and 5,000 units. Schedule a call with BAM Capital and invest today.
BAM Multifamily Growth & Income Fund II
The above link will take you to the free Investor Portal to view all current offerings. If you do not have an account already, please create one to view the information.
The contents on this site are for informational and entertainment purposes only and do not constitute financial, investment, or legal advice. BAM Capital cannot guarantee that the information shared on this post or page is appropriate for you and your financial situation. By using this site, you agree to hold BAM Capital and any and all entities related to the writing & publishing including BAM Capital’s parent company harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. Always consult your investment advisor, CPA, and other professionals before making an investment. BAM Capital is excited to help you grow your investment assets. Please contact us to see how we can help you.
The post What is a Class A Multifamily Property? appeared first on BAM Capital. Via https://capital.thebamcompanies.com/2021/11/class-a-multifamily-property/ |
About UsBAM Capital is the best team for private real estate funds and investing in multi family units. BAM Capital leverages local expertise and long-standing relationships with sellers, brokers, and builders to allow for expert knowledge on assets being purchased. Speak to BAM Capital today. Archives
May 2023
Categories |