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Underwriting Hotels with Nate Barger

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

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