Episode 117:
As Director of Acquisition at Blue Oak Capital, Cody Laughlin says this time in the market is challenging, on the same note though, he says we are still in the expansion part of the cycle. In today’s episode, Cody shares being a featured guest of Best Ever’s Ash Patel. He talks to Ash about ways to acquire Mufti Family deals in a hypercompetitive market.
Cody Laughlin is a real estate entrepreneur and thought leader with over 10 years of real estate investing experience. Cody’s core investing thesis has been focusing on acquiring existing multifamily assets across central Texas and other various markets across the US since early 2019. After aligning with his partners, Brian Alfaro and John Batey, Blue Oak Capital was formed and to date the company holds ownership interest in 787 multifamily units as General Partners.
For today’s episode we will cover:
[ 00:00 – 06:34 ] Guest intro : Cody Laughlin
- Cody's background and what he's focused on
- Cody's partners
- Cody's thoughts on multifamily units
[ 06:34 – 10:37 ] The investing thesis
- Thoughts on the market cycle
- Value add or buy fully renovated properties?
- Broker relationships
[ 10:37 – 16:08 ] Getting in front of the competition
- Wining and dining brokers
- 850 units, how many properties across?
- Primary value proposition
[ 16:08 – 19:28] Differences of multifamily in Columbus OH vs Texas
- Rent growth, appreciation, and cap rates
- Examples of marketing funnels
- Leverage social media
[ 19:28 – 23:14] Niche in terms of size of units, purchase price, and cap rate?
- What's their return to investors?
- What separates Cody and his partners from other multifamily syndicators
- How often they communicate with non investors in their database
- Cody's best real estate investing advice ever
[ 23:14 – 23:31] Best ever lighting round
- Best ever book Cody recently read
- Best ever way to give back
Tweetable Quotes:
Connect With Guest:
Website: https://blueoakinvests.com/
Instagram: https://www.instagram.com/blueoakcapital/?hl=en
Facebook: https://www.facebook.com/blueoakcapital/
Youtube:https://www.youtube.com/channel/UC3-13HguhVYtvZTHXoeS-ng/featured
LinkedIn:https://www.linkedin.com/company/blueoakinvests/
Connect with Cody:
LinkedIn: https://www.linkedin.com/in/cody-laughlin-35067660/
Instagram: https://www.instagram.com/codyblueoakcapital/?hl=en
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