Sometimes you get those deals that are so colorful you can’t help but take away some golden lessons from them. In this episode, me and my buddy Brandon Thornberry are going to take a deeper look into one of those deals from our own experience. Brandon is the Owner/Operator of UrbanGate Capital, which focuses on identifying emerging markets and investing in the path of progress. Prior to starting UrbanGate Capital, he spent 13 years acquiring and renovating single family homes. The skills developed during this time have been brought forward into the multifamily space in finding opportunities, envisioning the value-add potential, and executing on the value-add plan. Currently, UrbanGate is prioritizing the acquisition of properties in Middle, TN - Nashville, Chattanooga, and Clarksville.
Tons of nuggets in this episode, so jump in and let’s dive into the adventure we had behind this deal in Chattanooga and why a judge decided to pick our offer over the seller’s.
Real Estate as the Best Exit Strategy - [00:01 – 04:32]
The Chattanooga Deal: The Judge Picked Our Offer, Not the Seller's - [04:33 – 34:31]
Final Questions (The Quattro Trio) - [34:32 - 39:15]
“What I found out as I transitioned into Multifamily is you really have to set aside time to underwrite deals… I think that’s where the mental game can be tough.” - Brandon Thornberry
“Deals are not found, they’re made.” - Chad Sutton
“People see that you’re able to close deals and that’s what brokers want to see… Brokers want to take deals to people they know can get it done.” - Brandon Thornberry
“Finding the right ‘who’s’ in your life is exponential because you get those people’s capabilities.” - Brandon Thornberry
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Real Estate Runway Podcast is all about alternative business and investment strategies to help you amplify life, and maximize wealth! Click here to find out more about the host, Chad Sutton.