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
Things to Watch Out for in PPMs - Jeff Love
Jeff Love is a partner at Gibbs Giden Attorneys at law. His practices encompass all facets of real estate transactions, including drafting and negotiating purchase, sale, syndication, and financing transactions in connection with commercial, industrial, and residential assets. He also regularly drafts and negotiates office, retail, and industrial leases for regional landlords and tenants throughout the West Coast.
Things you will learn in this episode:
[00:01 – 04:23] Opening Segment
- How to get in contact with Jeff
- See the links below
- Jeff talks about his background in real estate
- Jeff talks about Los Angeles deals and missteps
[04:24 – 18:08] You Have to Disclose
- Understanding disclosures
- Disclose everything to investors
- PPM’s in investment deals
- Jeff’s recommendations to avoid missteps in disclosures
- Don’t guarantee things
- Disclose and share information
[18:09 – 21:51] Closing Segment
- Jeff’s words of wisdom for the listeners:
- Not everything goes according to plan
- Don’t get discouraged when things go wrong
- Learn from your missteps
- Final thoughts
Tweetable Quotes:
“Don’t get discouraged when things go wrong. Things are going to happen, it’s a fluid situation especially with real estate, even more so when you’re just starting out. So you may have some missteps, but the important thing is to learn from those missteps. ” - Jeff Love
“Disclose everything to your investors. You want investors to understand the deals as much as you do. The problem arises when you have investors that didn’t understand the deal, the risks of what they’re getting into, and just saw that massive return.” - Jeff Love
“The point of disclosing is for the investor to actually see it and understand it and be okay with it.” - Jeff Love
“There’s no substitute for a trust. You’ve got to trust the people you’re working with, you’ve got to like the people you’re working with. Because when you don’t, that’s where problems are gonna rise.” - Jeff Love
Resources Mentioned:
Connect with Jeff, send him an email at jlove@gibbsgiden.com. Visit their firm’s website at https://www.gibbsgiden.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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