In this episode of the Real Estate Syndication Show, we had the pleasure of conversing with Jonathan Nichols, co-founder of Apogee Capital. With a unique aerospace engineering background, Jonathan’s skills have proven invaluable in real estate syndication, influencing his approach to underwriting and risk management.
Key Takeaways:
- Asset Management: Jonathan emphasized the critical role of asset management in real estate syndication success. To excel in this crucial area, he and his wife joined an asset management mastermind.
- Debt Strategy: During 2021-22, Jonathan made a conservative decision to avoid high-leverage bridge debt. Instead, he benefited from low-interest, fixed-rate debt on current projects.
- Underwriting Tips: Jonathan provided valuable tips, cautioning against loan assumption deals and stressing the importance of understanding cap rates and their relationship with interest rates.
- Market Outlook: Jonathan shared insights on the current market, foreseeing a slow first half of 2024 but highlighting the long-term fundamentals of real estate investing.
- Advice for Investors: Recommending stacking conservatism in reserves for operating expenses and CapEx, Jonathan stressed the significance of cash flow management and preparing for unexpected costs.
- Finding Investors: Jonathan discussed the evolution of finding investors, starting with friends and family, growing through references, and now exploring social media platforms.
- Giving Back: Service-oriented, Jonathan and his wife have participated in building homes for families in need, a meaningful way to give back to the community.
Listeners can explore more about Jonathan and Apogee Capital at ApogeeMFC.com or by following him on LinkedIn for further insights into his work.
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About Jonathan Nichols:
In 2020, Jonathan Nichols co-founded Apogee Capital with his wife in the DFW metroplex. Prior to this entrepreneurial venture, he spent a decade in aerospace engineering, specializing as a propulsion engineer. His expertise involved the analysis and integration of turboshaft engines on helicopter platforms. Jonathan is an active mentor in the Michael Blank program and has built an impressive portfolio of residential real estate investments. He also owns a top-rated short-term rental business in the Arlington Entertainment District. Holding both a B.S. degree from Texas A&M and an M.S. degree in Aerospace Engineering from Virginia Polytechnical Institute, Jonathan enjoys participating in Ironman triathlons and shares a passion for travel with his wife.
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