On this episode, Mike Taravella interviews Nate Barger.
Key insights:
- Ask sponsors what is your worst case
- Going in cap rate doesn’t matter as much on true value-add deals
- Nate evolved from multifamily to hotels due to more earning potential (24-hour leases)
- Nate is currently raising $50M in funds for hotels
- When funding distressed hotels you need to raise funds for the back payments and PIP (Property Improvement Program)
- Focus on Primary & Secondary markets and understand your competitive set
Investor Pro Tip: Understand and align your goals with the sponsor goals
Reach out to Nate by joining the BRRRR Invest Facebook Group
