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
How do you learn to underwrite - Marcellus McKinley
Underwriting deals is one of the most important skills in real estate investing. Learning it by yourself, though, is not advisable. It’s actually inefficient and ineffective. You don’t know what you don’t know, after all.
That is why it’s crucial for beginners to build relationships in this space. Aside from being a wealth-generating vehicle, real estate is a team sport that you play with like-minded individuals. Investors like Marcellus McKinley, who is serving in the Air Force, will be better off surrounding themselves with people who know more than they do.
[00:01 - 02:20] Opening Segment
- I welcome today’s guest, Marcellus McKinley
- Active in Air Force
- Started in the residential space for real estate
[02:21 - 10:29] Underwrite in Real Estate
- Marcellus recalls how he became a limited partner
- How to underwrite properly in real estate
- Developing relationships with brokers
[10:30 - 19:55] Unconscious Incompetence
- Bad real estate advice you should hear now
- ...and not do later
- What you should know about the Net Operating Income
- What is “unconscious incompetence?”
[19:56 - 25:37] Closing Segment
- Where to start in real estate?
- Find Marcellus at the links below
- Final words
Tweetable Quotes:
“At the end of the day, though, the game is really building track record like you would in anything else.” - Jerome Myers
“Self-educating is the most inefficient and ineffective way to get into this space because there’s so much that you don’t know that you don’t know.” - Jerome Myers
Resource mentioned:
- Multifamily Missteps: The Third Time is the Charm - Bo Goebel
Connect with Marcellus on LinkedIn.
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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