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
Six Figures is Missing from the Bank Account - Dr. Erin Hudson
Closing deals and finally starting your multifamily journey are milestones worthy of celebration especially when at the initial stages, but that does not mean that everyone in your side is practicing due diligence and just consideration with their roles and limitations. Dr. Erin Hudson reveals her story and reminds us of the dangers of entitlement confusion and not recognizing the red flags early on. Despite these, also witness how she moved forward from this expensive and crippling mistake that helped catapult her to success in the industry.
[00:01 - 03:40] Opening Segment
- Get to know today’s bubbly guest, Dr. Erin Hudson
- How she started out in private practice and going into real estate monopoly
[03:41 - 06:48] Getting to the Finish Line for a Confidence Boost
- It’s not about the deal count or the number of units
- Starting small is strategic and it may work for you
- Bringing in partnership and capital as results show
[06:49 - 22:21] Salt on the Wound Multifamily Mishap
- Confusion on entitlement of the investors on commissions
- Acquisition fee as the saving grace and the start of fear
- Multifamily investment is not a poor man’s game
- Recognizing the red flags looking back
[22:22 - 25:12] Closing Segment
- Be consistent with your morning routine
- Final words
Tweetable Quotes:
“Just like the multifamily space, it's really about doing right for people and not being manipulative, and truly helping them as if they were your brother or sister.” - Dr. Erin Hudson
“So people laugh like, oh my gosh, why did you start so small? No, it was a matter of getting strategic and it worked for us.” - Dr. Erin Hudson
“If you always have your eye on the prize, which is to take care of your people and water that relationship and do good by people and do right kind of business, you will have a trough of investors and you will forever have a successful business because people will know exactly who you are and what you stand for.” - Dr. Erin Hudson
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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