52 min listen
347: Using Multifamily Syndication to Reach 5,000 Units with Mark and Tamiel Kenney
347: Using Multifamily Syndication to Reach 5,000 Units with Mark and Tamiel Kenney
ratings:
Length:
84 minutes
Released:
Sep 12, 2019
Format:
Podcast episode
Description
On today’s show, a married couple who scaled to 5,000 units together!Brandon and David interview Mark and Tamiel Kenney, a husband and wife team who buy large apartment complexes through the power of syndication. This mighty couple shares some great insight into how to find the right partner, how to set expectations with your agent (or team member) in the beginning, and how coming up with strict criteria helped them overcome their fear of getting started.You’ll love their advice on what they learned in the first 12 months to help them land their first deal, how they split profits with investors, and which are the most important fundamentals for any multifamily investor to learn. You DO NOT want to miss their advice on following up after meeting with brokers or investors. Plus, they reveal the most common trait successful syndicators share.Mark and Tamiel go on to share how they’ve struggled with—and overcome—the difficulties of balancing a demanding business while still carving out valuable family time.Don’t miss this episode, and subscribe to the BiggerPockets Real Estate Podcast so you won’t miss the next!In This Episode We Cover:- What to look for in partners- How to have conversations with brokers and managers to set expectations- What they learned in their first year that allowed them to land their first big deal- The importance of strict criteria- Mistakes they made that prevented them from being successful- How they find deals their investors will want to invest in- How to provide clarity to help investors feel comfortable moving forward- How to use social media to build your database of partners, investors, and brokers- Advice for standing out from other buyers when interacting with brokers- How they split up the various tasks of their business- How a typical syndication split looks in their deals- What success looks like in their family and business- Why learning the fundamentals is more important than complicating your business- And SO much more!Links from the Show:BiggerPockets ForumsBiggerPockets WebinarMonkeypod KitchenPacific North West Real Estate Wealth ExpoBiggerPockets Podcast 189: 500 Deals, the $100,000 Wholesale Paycheck, & the Systems That Make it Work with Tarl YarberZillowLinkedinBrandon's InstagramJosh's InstagramClick here to listen on Biggerpockets: https://www.biggerpockets.com/show347See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Sep 12, 2019
Format:
Podcast episode
Titles in the series (100)
#2: Starting Out with Karen Rittenhouse – Subject To, Direct Mail, and Investing from a Woman’s Perspective: On today's show we talked with Karen Rittenhouse from KarensPerspective.com - an active real estate investor, author, trainer, and all-around great gal. Karen's started investing in 2005 and has acquired well over 150 properties during her investing... by BiggerPockets Real Estate Podcast