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Sept. 14, 2022

TLDR | How to Succeed in Industrial and Multifamily Plus Underwriting Tips with Mike Travella

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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