Multifamily Due Diligence w/ Brady Barker

Summary In this episode, Trae Jacobs interviews Brady Barker of Black Cedar Investments about his journey into real estate and his role as a due diligence specialist. They discuss the importance of financial due diligence, including evaluating taxes and insurance. They also cover the process of roof inspection, HVAC evaluation, plumbing assessment, and electrical due diligence. Overall, the conversation provides valuable insights into the key aspects of due diligence in real estate investing. Brady Barker shares his knowledge and experience in due diligence and multifamily investing. He discusses the importance of using the right materials for piping in properties and the potential issues that can arise. He also explains the process of retrades and seller credits during the due diligence phase. Brady emphasizes the importance of building trust with the team and relying on their expertise. He shares tips on introducing yourself to high net worth individuals and the role of personal branding in investor relations. Brady discusses his personal and professional goals, including expanding his capital raising efforts and acquiring properties in different markets. Takeaways Financial due diligence is crucial in real estate investing, including evaluating taxes, insurance, and financial statements. Roof inspection is an important part of due diligence, considering the age, condition, and potential costs of replacement. HVAC evaluation involves assessing the type of system, its age, and the potential need for replacements or repairs. Plumbing assessment focuses on identifying issues such as leaks, galvanized steel piping, and the need for re-piping. Electrical due diligence involves checking for issues like aluminum wiring and outdated circuit breakers. Using the right materials for piping in properties is crucial to avoid potential issues. Retrades and seller credits are options during the due diligence phase to address major issues discovered. Building trust with the team and relying on their expertise is essential in multifamily investing. Introducing yourself to high net worth individuals requires focusing on their interests and building a connection. Personal branding and consistent posting on LinkedIn can help in investor relations. Setting personal and professional goals is important for growth and success in the industry. Find Brady: Website: blackcedarinvestments.com Email: [email protected] Cell: 801-358-9641 LinkedIn: https://www.linkedin.com/in/brady-barker/ Facebook: https://www.facebook.com/brady.barker.98/ Instagram: https://www.instagram.com/b.harrisonbark/ Twitter (x): https://twitter.com/bharrisonbarkx Threads: https://www.threads.net/@b.harrisonbark Chapters 00:00 Introduction 00:39 Brady's Journey into Real Estate 06:06 Role as a Due Diligence Specialist 07:17 Financial Due Diligence 09:00 Taxes and Insurance 16:29 Roof Inspection 17:02 HVAC Evaluation 20:38 Plumbing Assessment 28:26 Electrical Due Diligence 36:49 Piping Materials and Issues 38:18 Retrades and Seller Credits 40:08 Examples of Retrades and Seller Credits 42:43 Involvement of Residents during Property Inspections 46:20 Transition to Investor Relations Role 49:57 Introducing Yourself to High Net Worth Individuals 53:01 Using Due Diligence Knowledge in Investor Relations 54:53 Impact of Due Diligence Knowledge on Investment Criteria 57:46 Success on LinkedIn and Social Media 01:02:12 Personal and Professional Goals 01:05:51 Final Thoughts and Personal Branding