Multifamily Missteps Hosted by Christy Keeton
Are you tired of the "rainbows and butterflies" approach in multifamily investing, where everything unfolds seamlessly, and everybody wins? You never see “behind the scenes” reality.
If you resonate with our perspective, acknowledging that true insights emerge from navigating mistakes and challenges, then you're in the right place.
Join Christy Keeton, your host, as she dives into the missteps and lessons learned encountered by active apartment operators.
In these episodes, we embark on a journey to dissect and analyze the pitfalls within the multifamily project life cycle, focusing on the crucial stages of Finding, Funding, Fixing, or Flipping a project.
Instead of glossing over setbacks, we shine a spotlight on them, providing a valuable learning experience for our audience. Each episode concludes not only by revealing how the issue at hand was rectified but also by sharing other priceless lessons derived from the experience.
It's an unfiltered exploration of the multifamily investment landscape, revealing the intricate tapestry of challenges and solutions that make the journey worthwhile.
Multifamily Missteps Hosted by Christy Keeton
Confessions of a Seasoned Broker - Reid Bennett
Reid Bennet, CCIM serves as National Council Chair of Multifamily Properties for SVN International and a Senior Vice President for SVN - Chicago Commercial. As a licensed managing broker, he focuses primarily on the sale of apartment communities across the midwest and also teams up with members of his council to serve clients across the country in over 150 markets. Reid prides himself on understanding the nuances and analysis of multiple unit apartment dwellings & low-income Section 8 & Section 42 communities.
Things you will learn in this episode:
[00:01 – 04:39] Opening Segment
- How to get in contact with Reid
- See the links below
- Reid talks about his background in real estate
- Multifamily deals during the Great Recession
[04:40 – 32:30] Confessions of A Seasoned Broker
- Lessons learned from his first active investment deal
- How Reid handles concerns in his deals
- Having enough deals to go around
- Reid’s current deals and transactions
- Reid talks about choosing the right deals with the right people
- Being more credible in Syndication deals
- Reid talks about off-market deals
- Reid talks about how people destroy the value of their deals
[32:31 – 41:11] Closing Segment
- Reid’s words of wisdom for the listeners:
- Look at enough deals to understand the market
- Have 4 or 5 sanity checks when you look at a deal
- Final thoughts
Tweetable Quotes:
“Look at 50 or 100 deals from the one that you buy. Look at enough deals to understand the market.” - Reid Bennet
“The best advice is to have a sanity check. Have 4 or 5 sanity checks when you look at a deal.” - Reid Bennet
Resources Mentioned:
Connect with Reid on LinkedIn. Send him an email at reid.bennet@svn.com
Call 773 251 7342
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
.jpg)