.jpg)
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
Be Careful When Chasing Appreciation - Yusef Alexander
On the surface, multifamily seems to just be creating living space for people where rentals are charged, aiming to get profit. However, adding more thought to the process itself by not only constructing a good space for living but dignifying the area makes all the difference. In today’s episode, Yusef Alexander talks about the significance of mindfully adding value to real estate projects and being wary of the imbalance - maybe the chase to appreciation is not done right.
[00:01 - 04:52] Opening Segment
- I welcome today’s guest, Yusef Alexander
- Yusef’s background and meeting a mentor who introduced real estate
[04:53 - 10:30] Updating a Living Space for Dignified Living
- Scaling operations from single-family to multifamily
- Mastering the craft of adding value and optimizing assets
- What it takes to establish dignified living spaces
[10:31 - 20:54] Building on the Aesthetic and Losing the Essential Element
- People always tend to cut corners and the lackluster will be felt
- The decision-making process in the joint venture model
- The market conditions and value-added projects
[20:55 - 23:06] Closing Segment
- Invest in yourself and get into the space
- Final words
Tweetable Quotes:
“One of the things that I have been able to master in my career, not only sourcing deals, negotiating deals, acquiring deals, but also have mastered how to add value.” - Yusef Alexander
“Added value to me is optimizing a living space in an updated fashion to provide a dignified living environment.” - Yusef Alexander
“[Being] dignified has nothing to do with the dollar value.” - Yusef Alexander
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.
.jpg)