Takeflyte Properties

11/09/2023

We are excited to be guests on Episode 19 of the More Doors Podcast, for the "TakeFlyte Takeover"! Check out the riveting discussion with our dynamic trio from TakeFlyte Capital, Tristan, and the crew from Deep Blue Capital. Together, we delve deep into our journey of breaking into the competitive realm of multi-family real estate investing and how we carved a niche for ourselves in this bustling market.

Links to the show in the comments below!!

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08/04/2023

We've been investing in Arlington since 2017 and this data shows why we continue to do so!! Two deals that we acquired in 2021 are already at our Y5 proforma rents and occupancy has stayed ahead of expectations. With demand starting to pick up again, we're excited about what the future holds for this area!!

https://lnkd.in/dYAPRs94

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07/15/2023

We're just about 90 days into our rehab project at Fellowship Apartments, and we've made some enormous progress! Check out the video below to see all the work that has been done.

This is "Fellowship Apartments rehab update" by Matt Buchalski on Vimeo, the home for high quality videos and the people who love them.

06/08/2023

We’re very excited about all the progress being made at our latest acquisition in Arlington. We started with the 4 burned units - demo, framing, and now roofing. We also just had one of the functional units open up, so we should get started on turning those units too!! Special thanks to Tristan Pham and his team for rockstar ex*****on so far!!! Michael Terkel Jake & Gino

04/21/2023

We’re excited to announce we’ve closed on another 18 units in Arlington this week!! This property sits right on a main road with high traffic. 4 of the 18 units were badly burned in a fire last year so our plan is to rehab them to create premium units then upgrade the other 14 to get to market rents. We’ve partnered with to breathe new life into this property.

This is our 4th acquisition in Arlington since August 2021, all within a 3 mile radius. We’re excited to dig into this project and continue our growing our portfolio. Huge thank you to all our partners & investors for their help getting this deal done.

01/07/2023

We're excited that the rehab on our latest acquisition is officially done!! We acquired this 8-unit in an off-market transaction last year at an amazing price point. We planned an extensive rehab for the asset on the exterior & interior. For the exterior, we replaced the roof and exterior fence, and installed patios in the rear of the first-floor units. We also painted the brick, stairs, trim, and exterior doors. On the interior, we installed new floors, countertops, lighting, vanities, toilets, sinks, and faucets. We painted the walls and cabinets, and installed new appliances. It was a $210K rehab project and worth every penny!

To date, we have raised rents more than 50% over what the tenants were paying and the best part is that 6 (possibly 7) of the original tenants have stayed with us!!

Super grateful for Allison Dibrell and Blue Atlas Property Mgmt for helping us along the way. Also want to extend an enormous thank you to Daniel Flores & DF Painting for getting the project done on time and on budget. There was no BS about sick crews, supply chain shortages, ridiculous change orders, miscommunication on timelines, etc. We needed someone that could execute on our plan and they did. Thank you so much Daniel!!

We're primed and ready for more deals. We gladly pay referral fees and broker commissions on deals across the metroplex. We're not concerned about interest rates, the economy, blah, blah, blah. If your deal makes sense, we're hungry to buy!!

08/22/2022

We’re excited to see quick progress on our latest acquisition!! We went with an outside/in approach on this one with fence & roof replacement and exterior painting being done first. We’ve also begun rehab on the first two units, with demo already done and plenty to do with the rain keeping our team inside this week. We’re so enthused with how our contractor is performing so far, can’t way to see more progress this week!!

06/20/2022

We're proud to announce the addition of 8 more units to the Takeflyte portfolio!! This property is an 80's build right next door to an A-class complex and less than 2 miles from 2 other complexes we acquired last year! Our team built a solid relationship with one of the sellers from last year who is retiring, so we got first look at this deal and took it down off market!! We will be doing a full exterior & interior facelift to this property and based on our familiarity with the area, we expect to increase rents between 60-70%!! Super pumped to continue to find opportunities and grow our presence in Arlington. And more importantly, we still have an appetite for more deals!!!

04/18/2022

Last week marked 5 years since we partnered on our first multifamily investment acquisition in the DFW metroplex. We began with an 8-unit deal that was extremely impactful to us in many ways. The deal returned us over 300% on our initial investment but also paid for numerous single-family rentals, a quad, and a large stake in a recent multifamily acquisition, all of which now generate serious cash flow and infinite returns since we have no out of pocket cash in them. Since partnering on this deal, we’ve learned a ton, significantly expanded our portfolio, built a very loyal and valued network of partners & investors, and become way more strategic in our business.

We have always been focused on building a legacy through real estate and we couldn’t be happier with the progress we’ve made and the impact we’ve had on our families, partners, and investors. From Texas to Miami, we’re happy to put smiles on the faces of our families and friends. And we know there’s way more to come.

To all those who helped us get started, helped us grow, lent us a hand, mentored or coached us, invested with us, worked with us, and encouraged us along the way, here’s a big “THANK YOU” from the Takeflyte team!

And btw, what better way to celebrate the 5-year anniversary of Takeflyte than by touring and making an offer on our largest deal yet? We have big goals this year and we’re about to Takeflyte!

03/09/2022

Thrilled, humbled, flattered. These are just a few words that describe how we feel to be featured on the Jake & Gino podcast this week! We have been in business for nearly 5 years and 2021 was a big year for us in both volume and development. We joined the Jake & Gino community in May 2021 and couldn't be happier. We've learned so much from so many great people, quickly applied our learnings to our business, and have picked up some serious momentum. 2022 will be even bigger for us, no doubt! If you would like to hear a story about how we came together, manage a growing RE business while managing demanding W2 jobs and being active fathers, and stories about how we have grown our business, and some key lessons, please take 30 mins to check out our discussion with Josh & the G-dad!

We would like to thank Joshua, Gino, and Jake for inviting us on the show and for the amazing community you've created. Also want to thank our coaches Bill Ham & Nick Ameluxen, Culby Culbertson & Terrydale Capital, Phyllis, Steavy Pruitt,, Christopher Wallace, and all our partners, investors, and associates. Keep an eye on us in 2022!!

On this episode, Jake and Gino interview Matt Buchalski and Mike Terkel. Matt and Mike are co-founders of TakeFlyte Properties, which acquires and manages, value-add single and multi-family properties. They joined the Jake & Gino in May 2021. They recently closed the second acquisition in 100 days a...