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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
Stop Missing Opportunities to Do Deals - Beau Beery
Looking at the numbers may seem like a daunting task, but as Beau Beery stressed in today’s episode, getting systems in place is essential. How do we make it easier? The answer is simple: technology. Without utilizing these tools, we might pass up some opportunities that could have been the way to success. By crunching the numbers effectively, we gear ourselves towards profitability.
[00:01 - 06:01] Opening Segment
- Get to know today’s guest, Beau Beery
- Data scientist that figured out real estate
- Perception of reverse or slowing down in the multifamily field
[06:02 - 12:44] Crunching the Numbers for Better Profitability
- A big mistake of those who can buy tweeners
- Crafting an efficient marketing engine in place
- Decreasing expenses for a favorable net operating income
[12:45 - 29:00] How Passing Up Opportunities Becomes Detrimental
- Diet plan in coming out reputable in the real estate realm
- Property appraisers on taxing properties
- The algorithm as pinpointers or reliable basis
[29:01 - 35:55] Closing Segment
- Take advantage of technology to scale your operations
- Final words
Tweetable Quotes:
“I think data is the most concrete reliable thing that we can go off [to] make good decisions from.” - Beau Beery
“They'll [investors] pass on it [a deal]. And it's the stupidest thing you could do because what you're doing is, you're relying on what that broker is telling. And not that the broker is lying, it's that every broker and every seller calculates things differently.” - Beau Beery
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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