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
Only 10% of Your List Will Invest - Michael Barnhart and Suzy Sevier
Raising capital is always a challenge. That’s why you “use other people’s money,” as you commonly hear from real estate folks. In the case of Suzy Sevier and Michael Barnhart, they learned that putting up an investor group was not enough.
They learned that they needed to ask and understand how their investors could raise money for their deals. This may be a hard question to ask, but nevertheless, something that should be raised so you will not be surprised if you are not able to raise enough money for your real estate investing.
[00:01 - 03:37] Opening Segment
- I welcome today’s guest, Suzy Sevier and Michael Barnhart
[03:38 - 08:58] Living Abroad and Investing in US Real Estate
- Susy shares the story of how they found the real estate industry
- Investing in US real estate while living overseas
- Michael tells us why networking is important in real estate
[08:59 - 17:05] Not Enough Investors
- Suzy breaks down their multifamily deal
- The realities of closing a real estate deal
- Michael shares his thoughts
- Suzy talks about their first “hiccup” in raising capital
[17:06 - 25:21] Asking the Hard but Needed Question
- Why you should your investors how they raise capital
- Certified Rent Rolls cannot be relied on and here’s why
- What are Certified Bank Deposits?
[25:22 - 27:32] Closing Segment
- Find Suzy and Michael at the links below
- Final words
Tweetable Quotes:
“Networking is a lifeblood of real estate, especially multifamily real estate.” - Michael Barnhart
“Every part of the process takes time and takes patience.” - Suzy Sevier
Resources mentioned
Reach out to Suzy on LinkedIn or seviersuzanne@gmail.com. Get in touch with Michael on LinkedIn. Check off your bucket list now, not after retirement, with Suzy and Michael.
- Visit Adventurous REI on Facebook, Instagram, and LinkedIn.
- Download Suzy and Michael’s free checklist for real estate investing. Start here.
- Listen to their podcast, “The Adventures of a Real Estate Investor”
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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