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Hamel Real Estate

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Albany, NY
Hamel Real Estate

Hamel Real Estate
Sharing my journey of successes and failures in Multifamily real estate Bill and Mike Hamel are co-owners/brokers of Hamel Real Estate.

Hamel Real Estate has been actively doing business in the Capital Region for more than 27 years and has recently expanded to South Florida. We have extensive knowledge and experience in buyer and seller representation as well as property management and home improvement. Hamel Real Estate operates diligently with energy and enthusiasm offering prompt, honest and consistent communication with our clients.

11/20/2024

Imagine turning a $50,000 investment into $97,000 in just 2.5 years.

Sounds like a dream, right? Well, it's not…

April 30, 2022: we made an unforgettable deal.

We purchased 61 Vandenburgh Ave for $1,025,000.

It was a prime multifamily property across from Hudson Valley Community College, surrounded by a blend of single-family homes and commercial conveniences.

But there was a twist.

The rear driveway didn't line up with the easement on the map.

It partially sat on the neighbor's property.

A potential deal breaker?

Absolutely.

But we didn't flinch.

Here's what we did:

✔️ We brought our lender in on the plan.

✔️ We assessed the risk (minimal, thankfully).

✔️ We stayed confident in the legal fix and moved forward.

What happened next?

With the help of Gerth Property Management, we revamped, remodeled, and revitalized:

- 9 apartments over 2.5 years.
- Painted, secured entryways, enhanced parking, and more.
- Raised the rent roll from $13,700 to $20,450/month.

November 14, 2024: we closed the sale.

Sold for $1,875,000.

And our passive investors?

They received a 30% annual return on their investment, turning a $50,000 stake into $97,000 (including a $47,000 profit).

This was more than just a win for us.

It was a win for everyone involved.

Truly an unforgettable deal...but also a damn good investment for our partners.

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Ready to learn more about how we turn properties into high-return stories?

Drop me a message, or let's talk about our next big move in Tampa.

P.S. Have you ever faced a "deal-breaking" challenge that almost stopped you in your tracks?

Comment below! 👇

09/14/2024

Are you comfortable being uncomfortable?

My career in multifamily real estate has been filled with both wins and challenges, big and small. Through it all, one lesson stands out: never get too comfortable.

Even when you think you've got it all figured out, remember that learning never stops. I've made the mistake of becoming too comfortable before, but I’ve learned that real growth and innovation only happen when you're committed to learning and adapting.

If you're feeling stuck, remember: one thought, one decision can change everything. You have the power to shift your direction and build new momentum.

For construction company owners and real estate professionals, comfort can kill progress. When you stop pushing, you stop growing. Innovation slows, and opportunities pass you by.

Let’s commit to staying open to new ideas, looking for fresh perspectives, and always striving for more.

How do you push beyond your comfort zone to foster innovation and growth? Let’s discuss!

09/12/2024

Is this the future of Construction?

With high taxes and limited time for investments, construction company owners face significant challenges. But by staying ahead of key trends and partnering with the right people, success is within reach.

Sustainable practices are shaping the future of construction. They not only bring environmental benefits but also offer potential tax incentives.

Modular construction speeds up builds and reduces waste, freeing up time for strategic investments.

Advanced BIM technology is revolutionizing construction with better planning and efficiency, keeping projects on time and on budget.

Drones and robotics improve accuracy and safety, reducing costs and taxable income for construction companies.

Smart building technology offers long-term savings and tax deductions through IoT integration.

How do you plan to leverage these innovations for growth and tax savings? Let’s connect and discuss!

09/05/2024

RISK VS. REWARD

In real estate syndications, General Partners (GPs) manage and mitigate risks, but it’s important to remember that Limited Partners (LPs) often bear the financial impact.

Here’s how it works:

→ Uncapped Floating Debt: GPs may hedge against rising interest rates, but if this fails, LPs' capital is at risk.

→ Unqualified Sponsors: Poor decisions by inexperienced sponsors can lead to losses. LPs need to vet sponsors carefully to protect their investment.

→ Occupancy Issues & Poor Budgeting: Low occupancy or budget shortfalls can lead to financial strain, potentially resulting in capital calls from LPs.

→ Property Management: Inefficient management can hurt returns, with LPs feeling the impact first.

Why do LPs Accept this Risk?

In exchange for absorbing these risks, LPs expect higher returns, typically 1.5 to 2.0 times their investment.

Are you comfortable with this risk-reward balance? Make sure you vet your GPs and understand the market before investing. Your due diligence is key!

Interested in learning more about how GPs and LPs work? Shoot me a DM!

09/04/2024

I lost!

The Saratoga Springs race track is a staple in the Capital Region of New York. Each year, we attend Adirondack Trust Bank’s event at the 1863 Club, right at the finish line—thanks to our friend Mike O’Connell.

It’s not just a fun day but also a great networking opportunity.

Here’s what we accomplished last Thursday:

Quality Time- Spent meaningful time with a partner, something I wish we did more often!

Broker Connection- Met with the broker for our 61 Vandenburgh Ave. deal to discuss the buyer’s lender.

Insurance Talk- Had an important conversation with our agent about the premium for our Latham complex.

Our multifamily investments in Florida and Tennessee since 2020 have been more than just business; they’ve been about building strong partnerships.

A common question I hear is about Florida property insurance—thanks to my partner Alex, we’ve secured some stability there for the coming years!

All in all, a productive day at the races!

08/31/2024

Putting in the Reps!

At Hamel Real Estate, our 30-year track record isn’t just a number. . .

It’s a testament to our dedication, expertise, and commitment to our investors!!

We’ve successfully navigated the ups and downs of the market, ensuring that every property we own remains profitable.

If you want to invest in a stable, high-return market, join us!

Let’s build wealth together through multifamily real estate!

How do you choose to invest?

08/30/2024

Do you value your time?

Passive vs. Active Real Estate Investing: Why Choose Passive?

Focus and Growth: Transitioning to passive investing doubled my business while giving me more time to focus on other things that need my attention.

Focus and Time: Active investing demands extensive market knowledge and strong relationships.

Active Investor's "A" Team: Essential members include attorneys, lenders, and more.

Valuation: Commercial real estate values driven by performance metrics offer significant potential.

Diversification: Spread investments across different markets and property types to mitigate risks.

Risk and Liability: Passive investors avoid direct property responsibilities and liabilities.

Consistent Returns: Passive investing ensures regular income without surprise expenses.

Simplified Management: Less paperwork and administrative burden compared to active investments.

Economies of Scale: Larger assets benefit from operational efficiencies and lower maintenance costs.

Freedom: Manage business plans without daily operational involvement, thanks to reliable partners.

Invest smartly for maximum returns with minimal effort. How much of your focus goes towards your active property or business?

08/29/2024

What a dump!

One of our recent projects involved a property that had been neglected for years.

Where others saw problems, we saw potential!!

With strategic renovations and a hands-on approach, we transformed it into a thriving community space.

It wasn’t easy—there were surprises along the way—but that’s where experience comes in!

Knowing how to adapt and find solutions is what turns challenges into success stories!

How did it feel when you transformed a property or a business?

08/28/2024

Some banks do not want our business!

Here are 5 key considerations when choosing the best lender for your project:

Time Expectations:
Ensure the lender can commit and close within your timeline.

Asset Class and Location:
lenders experienced and interested in your specific property type and location.

Borrower Confidence:
Leverage your track record to build confidence with the lender.

Information Requirements:
Prepare necessary documents like rent roll, P&L statements, and business plans.

Rate and Terms:
Review details such as interest rates, loan amount, and pre-payment penalties.

Choosing the right lender ensures your project's success!

Is your bank still interested in your business?

08/27/2024

I couldn't get a loan!

I needed my best friend Greg if he wanted to partner with on a 2 family property in Albany.

This led to a career building a portfolio of multifamily properties which was both challenging and rewarding!

The Albany area has been our home base, and over the years, we’ve seen the market evolve.

Our deep roots in this community and our understanding of its unique dynamics have been key to our success.

It’s a reminder that real estate is not just about properties; it’s about people, places, and persistence!

How did you get started?

08/24/2024

Ready to grow your wealth without the hassle?

At Hamel Real Estate, we provide investment opportunities backed by our 30 years of success.

Every property we’ve owned has turned a profit, and now we’re inviting you to join our next big venture.

Let’s team up to build a secure financial future through multifamily real estate investing.

Reach out today to learn more about our upcoming projects!

Address

2006 Central Avenue
Albany, NY
12110

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+15188579251

Website

http://www.hamelrealestate.com/

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