Ep #189 - Mark Kenney Has a Portfolio of 2,000+ Multifamily Units valued at $135 Million

Here's Some Of What You Will Learn:

• Different options to get started in the business.
• The benefits of purchasing larger units for bigger profits.
• The importance of having enough cap-x money to improve the property and raise rents.
• The difference between a Freddie mac loan versus a Fannie Mae loan.
• The importance of building a team and who to have on your team.
• The importance of having a good property management company.
• The importance of having a mentor or sponsor to get started with someone experienced.
• The benefits of having partners during deals to be able to take down larger deals.
• The importance of being able to learn from mistakes.
• The importance of having good communication with your team.
• Tips for finding a good management company.
• The importance of calculating all funds needed before buying a deal.
• Tips on where to spend cap-x money to add value and increase rents.
• The importance of due diligence and taking vacant units into account.
• The importance of making sure the property has little to no violations with the city before purchase.
• The importance of having a proper exit strategy and buy/sell agreement with partnerships.
• The importance of making sure you get educated and purchase in the right area.
• The benefits of having a good due diligence inspection report with estimates.
• The benefits of focusing on cashflow instead of appreciation of property value.
• The importance of having a motivator to get started.
• The option of loan assumption to acquire a property.
• The factors to look at when evaluating properties that may be a great deal.
• The importance of being committed to success in the business.
• The benefits of incorporating your spouse into the business.

Our Guest

You can learn more about Mark Kenney at:

http://thinkmultifamily.com/

Want to build Lifetime Cash Flow from Multifamily Properties? If you're committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business! - if you'd like to receive information about our program, text CRUSH to 41411 now.

Recommended Resource

• Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://www.meetme.so/RodKhleif2

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