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
Should I Sign a Loan Without Voting Rights? Chalmette Ray
Investors would not co-sign a loan for their little cousin, so there’s no reason they will for a stranger they barely know. Chalmette Ray has learned this lesson, alongside other important facts on syndications and joint ventures and limited and general partners. She has also realized that investments and businesses are two different things and that one is advised to be done before the other due to some practical reasons.
[00:01 - 07:35] Opening Segment
- I welcome today’s guest, Chalmette Ray
- Chalmette talks about her inspiring journey to real estate
[07:36 - 17:12] Syndication vs. Joint Venture
- Why syndication is more popular than joint venture (JV)
- The role of limited partners in syndications and JVs
- Should you be an active operator or a passive investor?
[17:13 - 27:47] Business or Investment
- The advice you need to hear about building a business or an investment
- Let’s talk about risk in real estate
- Facts about vertically integrated firms you need to know now
[27:48 - 35:07] Voting Rights in a Loan
- Signing a loan with--or without--voting rights
- Here’s an interesting thought about convenience in real estate investing
[35:08 - 36:31] Closing Segment
- Find Chalmette at the links below
- Final words
Tweetable Quotes:
“The difficulty in being in a joint venture is the same as it is with being a general partner.” - Jerome Myers
“Business owners are able to grow and create equity, you have the leverage, you know how to pull them. And in that operation, you take that equity created, and then you drop that down into the investment.” - Jerome Myers
Resources Mentioned
You can connect with Chalmette by emailing chalmetteray@outlook.com or get in touch with her on LinkedIn, Facebook, and Twitter.
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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