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
Getting Started - Jim Parker
Jumping to real estate while having a mid-senior management job is a scary thought, but not for Jim Parker. Still in his early 40’s, Jim is ready and more than willing to take the leap into space because he wants to have a passive income stream by the time he’s in his late 50’s. He wants to take full control of his own time, where he will work only if he wants to, all the while collecting mailbox money.
In investing in real estate, there are 4 things that investors are working on. The first should be Knowledge. We believe that investors should know first how a deal looks like before they can proceed in joining a deal. We also believe that there is an efficient and effective way to jump into real estate, which will let the investors know if this space is really for them.
[00:01 - 03:53] Opening Segment
- I welcome today’s guest, Jim Parker
- The part of real estate is Jim the least interested
[03:54 - 08:10] The 4-Step Process to Start in Real Estate
- What’s the Dave Ramsey way?
- The 4-step process that Jim can follow
- Find
- Fund
- Fix
- Listen to our exchange for the last step!
[08:11 - 14:44] The Truth Behind Multifamily Investing
- The ideal number of units to acquire first
- What every investor should know about multifamily investing
- The key part in the 4-step process we discussed
[14:45 - 23:18] 4 Things Real Estate Investors Work On
- Listen to our exchange about buying properties
- What you should know about the business model of McDonald’s
- The 4 things that investors work on
- Why knowledge should be the starting point
- The most efficient and effective way to jump to real estate
[23:19 - 25:15] Closing Segment
- Final words
Tweetable Quotes:
“It’s not uncommon to look at 75, 100 deals in a year and you might do two of them.” - Jim Parker
“You need to know what a deal looks like so that’s why we start with knowledge.” - Jerome Myers
Resources Mentioned:
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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