Tim Kelly is an active duty Chief Petty Officer in the United States Navy and has been serving his country for 14 years. Now stationed on shore duty in Pensacola, Florida, he is fully pursuing his dream of owning and operating multi-family real estate and helping others realize their financial freedom goals! Through his years in the military, Tim has not only learned the power of high-level leadership, teamwork, discipline, and grit; he became a certified Command Financial Specialist, educating hundreds of Sailors and Marines on personal finance and creating financial freedom. Tim is now a Senior Managing Partner of both Kelly Housing Group and ADPI Capital where he and his partners invest in and syndicate multifamily property in the affordable and workforce housing spaces with a focus on apartment communities, mobile home communities, and storage facilities.
David Gutierrez is an active duty Naval Officer that has been serving the country more than 18 years. He’s the co-founder of Storehouse 3:10 Ventures, LLC which is a real estate investment company that invests in cash-flowing rental properties. He is passionate about helping other active duty service people develop a transition plan through real estate investing.
Brian Briscoe is cofounder of the real estate investment firm Four Oaks Capital, LLC, which currently holds nearly $8 million in assets under management. He is the host of the Diary of an Apartment Investor podcast, which brings together experienced and aspiring investors in its weekly “ask the expert” episodes. He is also a Lieutenant Colonel in the United States Marine Corps stationed at the pentagon until he retires in 2021. Join us as he shares why active duty service people should have a transition plan and how skills learned from serving in the military has helped him in his real estate investing business.
Kyle Mitchell is a real estate entrepreneur that focuses on syndicating multifamily properties and currently has over $17 million in assets under management. He is also the co-host of the weekly real estate podcast, Passive Income through Multifamily Real Estate. His background in operations, management and logistics has given him insight into the importance of systems, and in our case, asset management. You can have an outstanding deal in a great market, but still lose if you don’t manage the asset properly. Join us in this episode as Kyle shares some tips on how you can level up your business with asset management. Also, if you haven’t done so yet, make sure you get registered for the asset management summit Kyle is hosting. You can go to AMSummit2020.com and register there.
Thomas Castelli is a CPA, a podcast co-host for The Real Estate CPA, and a multifamily real estate syndicator. He completed his first syndication as a general partner of an 82-unit apartment community, and he has participated in many deals as a limited partner. In this episode, he shares with us the thought process of a limited partner when looking at investing in other people’s deals.
Matthew I. Paletz is the Chief Executive Officer of Paletz Law, located in Troy, Michigan. Matthew practices in the area of real estate litigation in Michigan and Ohio with an emphasis in landlord-tenant law, protecting the rights of creditors in bankruptcy and national fair housing defense of property owners. He also regularly presents training sessions for his clients on both legal best practices and the technology that is offered through PaletzTrack, the Firm’s mobile app that allows clients to monitor the status of their eviction cases online 24/7. In this episode, we discuss:
- Ways the COVID-19 pandemic has affected his clients and how they operate.
- How the pandemic may change how the legal system addresses landlord-tenant cases in the future.
- Recommendations for communicating with tenants about rent collection during a time of uncertainty and more.
Shannon Robnett is a real estate developer, and CEO of Shannon Robnett Industries, and he has completed over $200 million in construction projects ranging from multifamily, office buildings, schools, industrial, mini-storage, and more. Shannon sees tremendous value in development strategies versus value-add. In this episode, he shares some snapshots of his 40 years in the real estate business, including how he works with city government and residents to determine the right product to develop, and how development makes even more sense especially when we are expecting little to no rent growth in the immediate future.
Dugan Kelley is co-founder of Kelley Clarke, PC, which is a boutique law firm with a national presence. He chairs the firm’s securities and real estate practice group, where he focuses on assisting clients of multifamily, commercial, and residential acquisitions and sales. He has structured acquisitions in excess of $2 billion. With more than 20 years of experience, Mr. Kelley helps us understand some of the important legal aspects of both the real estate transactional and securities sides.
Disclaimer: This content is for educational purposes only and should not be taken as direct legal advice. Consult with an attorney for your specific situation.
In our industry, we are typically told to stick with larger MSA’s that have a minimum population of one or two hundred thousand, has had consistent growth in population, income, and jobs over the past ten or more years, consistent rent growth and more. The challenge is there are so many investors throwing money into those markets that cap rates have compressed to a point where it’s becoming increasingly difficult to make the numbers work. Why not consider a path less traveled by the masses? This is exactly what George O’Brien did when he began investing just outside of Pittsburgh, Pennsylvania. While the surrounding area may not be one of the first places that comes to most people’s mind as an ideal place to build wealth in real estate investing, George has found tremendous success, including developing consistent deal flow, hitting double-digit cash-on-cash returns, and achieving support of community banks willing to bank roll his investments. You may not have massive appreciation at the end of the holding period in these markets, but you can receive solid cash flow.
San Eng is an international investorpreneur that has an institutional investment background in venture capital, private equity, and family offices. In his early days as an entrepreneur, he raised over $100m, and he has deployed more than $500m in capital as an investor. Many of us out there working on syndicating real estate investments typically focus on attracting HNW individuals, which could be either accredited or sophisticated investors. There aren’t many people in our space that raise capital from institutional investors. I have found those individuals that are able to raise institutional money, tend to grow much faster. While our entire conversation is not solely focused on real estate investing, there are some important parallels you can grab onto and apply them to your business. One of those key points that stood out is the timing of the exit. When is the right time to exit? Join me as we step into the mindset of an institutional investor.