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
Scrambling After the Lender Shorted Me - John Eitingon
John Eitingon is a Managing Partner at DXE Properties. Before DXE Properties, John leaped and dived into the multifamily world, working on a 20-unit distressed property in Cincinnati, OH, as his first real estate investment. With over 8 years of experience in multifamily, John brings his expertise and a keen eye to acquisitions, identifying growth opportunities.
Things you will learn in this episode:
[00:01 – 08:16] Opening Segment
- How to get in contact with John
- See the links below
- John talks about his background and his journey to real estate
- Took a leap into multifamily (20-units) as his first deal
- John talks about the most recent deal he closed
- A 140-unit property
- Structuring a deal based on equity
[08:17 – 16:29] They Cut Loan Proceeds
- John talks about Bridge Loans
- What is a bridge loan?
- Why they prefer bridge loans
- Be unique
- What makes John and DXE Properties different from others
- John walks us through the process of managing deals involving bridge loans
- Making sure a property manager is going to perform and bring excellent results
[16:30 – 18:17] Closing Segment
- Final words of wisdom for the listeners:
- “I think it depends on what you’re looking for. My advice is always like, for those just getting started in real estate is, in its simplest form – location, location, location.”
- Final thoughts
Tweetable Quotes:
“I like deals that need a bridge loan. I think those are the ones where you can create a lot of value and I think those are the ones that give yourself an opportunity to really hit the home runs.” – John Eitingon
“Bridge loans they’re going to be more expensive, so you do want to make sure the juice is worth the squeeze.” – John Eitingon
Resources Mentioned:
You can connect with John on https://www.dxeproperties.com/ or send him an email at jeitingon@dxeproperties.com
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.
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