TLDR | How to Succeed in Industrial and Multifamily Plus Underwriting Tips with Mike Travella
Mike Taravella is the Founder & Principal of Niche Holdings. He has purchased and own over $55M in multifamily assets throughout Tennessee, Kentucky, North Carolina. Mike asset managed a portfolio of over $175M (1,500 units) while helping create systems and operations for their internal property management group. Mike is currently a licensed CPA in the state of Michigan and helped Dan Gilbert's family office launch and manage several startups from esports to tech.
[00:01 – 10:31] Opening Segment
- Mike talks about his life background
- Mike’s focus on real estate
- Buying smaller and buying more
[10:32 – 25:13] How to Succeed in Industrial and Multifamily Plus Underwriting Tips
- The industrial and multifamily spaces are resilient. Here’s why
- Migratory actions to keep up with the market
- Understanding underwriting and leveraging it for you
[25:14 – 32:08] The Legacy Round
- A super crazy deal in Columbia, Tennessee
- Look further than your projections
- Mike talks about market rents and property costs
[32:09 – 38:49] Slice of Knowledge
- Mike’s Final Words: “Believe in yourself sooner.”
- One Slice of Wisdom: “Listen to the Ray Dalio podcast.”
- Real Estate Multifamily Vocabulary: Cash on Cash, NOI, Cap rate
- Books and Masterminds to Try: Jake and Gino, The Best Ever Syndication Book, Principles, Traction
Reach Mike
Social Media handles: @valueaddmike
Email: invest@valueaddmike.com
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Tweetable Quotes
“Believe in yourself and just live your best life.” – Mike Taravella
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