056: Identifying Opportunities in the World of Real Estate with Peter Knobloch

We Build Great Apartment Communities

In today’s episode, John Brackett is joined by Peter Knobloch to discuss about the rigorous but rewarding world of real estate - how to identify opportunities, knowing where to spend your precious time and energy on as well as mastering the fundamentals of the market.

Lots of stories about good investment deals, “expensive seminars” and valuable insights all throughout the episode are as well up for you to grab and live by!

Peter Knobloch real estate investment expertise includes investment identification, underwriting analyses, negotiations, acquisitions, development, capital acquisition and funding for both debt and equity, asset management, and valuations.

Episode Highlights:

• Peter’s early exposure to the world of real estate though his pilot father
• What makes Peter decide to pursue a real estate career
• How does Peter approach deals today vs how he did prior this pandemic
• Peter shares how Covid has changed the way he works
• Temperament changes of banks in this Covid situation and how it affects real estate investors
• Peter’s buying criteria
• Looking at the micro and macro economic conditions as fundamentals in today’s pandemic market
• Customer Service as the most undervalued quadrant in the real estate business
• Understanding where to spot opportunities

Connect with Peter:

• Email
• LinkedIn
• Argo Capital Group, LLC Website

About Our Guest:

I love real estate! My father was a part-time real estate agent and owned 5 units in San Diego, CA which I helped to maintain along with tenants, toilets, and trash. My father’s parents bought and sold both residential and commercial real estate investments from New York to Cape Cod. I am originally from New England; born in Brunswick, Maine but raised in San Diego, CA since the age of four years.

In my early career, I worked for an investment firm that catered to high net worth individuals and it was my responsibility to find, underwrite, negotiate, purchase, acquire debt financing, and create the private placement memorandums for multi-family apartments. Within twelve months, we had acquired over 343 units with a gross purchase value of just under $14,000,000. We raised approximately $3,500,000 in equity. All properties were "valued-add" acquisitions.

After I left the investment firm, I worked as a senior financial analyst for the CFO for over 3 years at a commercial real estate development company where we built and managed multi-use projects (office, hotel, restaurant, sporting club) valued at over $500 million.

Real estate investment expertise includes investment identification, underwriting analyses, negotiations, acquisitions, development, capital acquisition and funding for both debt and equity, asset management, and valuations up to $300 Million.

Expertise and specialties include CFO/COO/CEO, operational/strategic management and consulting; private equity/capital; business/strategic plans; business and commercial real estate DCF valuations; business formation and restructuring; and financial analysis/forensics.

10 years ago, my wife and I flipped a 3-bedroom condo purchased from a bank out of foreclosure for $50,000. It was a mess!!! We renovated the entire condo for about $20,000: carpet drapes, bathroom, kitchen, paint, lighting, etc. 18 months later we sold it for $150,000. We did all of the work except the kitchen.

I have an MBA in Finance and International Business, graduating with Honors, and an undergraduate degree in Business Management and Economics.

Our investment group is actively seeking value-add multi-family apartments outside of California for investment syndication. Please refer to our Investment Criteria for specific details for our buying parameters.

ARGO Capital Group, LLC

Principal | Managing Director

619-607-3566

[e-mail]

San Diego, CA 92122

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Connect with John Brackett and We Build Great Apartment Communities

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• LinkedIn @brackettjohn
• Website www.fidelitybps.com

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