Posts Categorised: Events
By the time you listen to this episode, Justin Richards and Aaron Lenartz will have closed on a 144-unit Class C Apartment Building in Memphis Tennessee. And they’ll have raised $1.3 Million from investors to do so. I thought it would be interesting to sit down & talk with them about what they went through to find, inspect, and acquire this property while its fresh in their minds.
What you’re about to hear is the nuts & bolts process from two investors and syndicators who have learned a great deal from the experience of closing their first large apartment syndication. We’ll talk about the importance of broker relationships, Best & Final offers, what it means to be a lifestyle investor, working with attorneys, and securing a bridge loan to complete necessary repairs.
You’ll also learn how Justin and Aaron were able to be taken seriously as investors even though they’d never closed a deal this large. They also share the process they went through to raise $1.3 Million from qualified investors, as well as the amount of their own money they had to put up along the way.
Justin and Aaron host a meetup group every third Wednesday of the month at the Buffalo Wild Wings in Wyoming, MI on 44th Street. Their next meetup is this Wednesday, September 19th, 2018 at 5:45. You can find out more information by going to https://www.meetup.com/Think-Multifamily-Real-Estate-Investing/events/253982654/
Right now it is available on itunes, and here is a link:
If you’d rather access through a different method, the podcast is also available on stitcher:
You can also access it online at:
Let Us Show You How To Make Your Money Work For You.
Come to learn why investors are flocking to Apartment (Multi-family) Investing. We explore how to invest passively in Apartments while you continue to work the job you love. We also dig into the steps to get started and provide lessons learned, for the Newbie Passive Investor to the Experienced Syndicator.
If you want to learn how to start investing in apartments or want to expand your current knowledge and benefit from our experience and network, join us!
We believe in building relationships that will stand the test of time. We want to bring value to you and help you expand your portfolio through apartment investing.
We strive to bring together people who share our core values of Integrity, Authenticity, & Servant Leadership.
Leading brands have sponsored our Events.
Some Of The Topics That Will Be Covered Are…
- How to Invest in Apartments while working Full-Time
- Finding Additional Sources of Money to Invest
- The Role of a Passive Investor and Your Legal Rights
- Multifamily vs. Other Investments – (pros/cons to multifamily investing)
- Self-Directed IRA vs. Solo 401K vs. QRP – (knowing the difference could save you thousands of dollars in taxes)
- Syndication – How to Raise Capital to take your Investing Portfolio to the next level
- How to know if your investment is on track
- How to Find & Analyze Deals
- How to Understand a K1 tax form for Real Estate Investors
- Investor Panel – (lessons learned that can help save you time, money, energy, and lots of head aches)
- Understanding a Rent Roll & Trailing 12
- Tax Advantages of Multifamily Investing – (do you know it’s possible to pay $0 in taxes on your multifamily investments)
- Typical Deal Structures (deal splits, preferred returns, waterfalls)
- How to Determine if a Deal is Good – (learn to analyze a deal in a matter of minutes including rules of thumb to know if a deal makes sense)
- New Technology that will help you streamline your real estate business
- Pitfalls to Avoid
Event Topic and Guest Speaker:
TOPIC: 10 Steps to Submitting a Winning Offer
SPEAKER: Mark Kenney-Think Multifamily (Our Mentor)
Mark and Tamiel started investing 24 years ago with purchasing 2-4 unit properties in their small Michigan town. They now own over 2700 apartment units in Dallas, Atlanta, & Memphis. Mark will share the steps he uses to make offers on apartments. He purchased 1200 units last year alone.
Mark began his career as an Accountant and CPA, then progressed to IT and eventually started his own IT Company. Now Mark & Tamiel are full-time real estate investors.
Mark and Tamiel have 2 children, age 10 & 13, who are entrepreneurs and junior real estate investors!
RSVP for this FREE MeetUP and let us know you are coming!
We are so excited to have this level of knowledge in the building! Can’t wait for everyone to meet them, they are amazing people and mentors.
Join us Wednesday, July 18th for another great meetUP event with Greyson Capital Group. Each month we will bring you a new topic related to investing in multifamily/apartments.
Associate Vice President, Investment
As Associate Vice President with Colliers International, my primary focus is assisting clients in the acquisition and disposition of multifamily properties throughout the Midwest with an emphasis on West Michigan.
My investment sales career spans nearly a decade with a total transaction volume exceeding $250 Million. My specialty lies in helping our clients maximize sale proceeds during the transaction process, but my team prides ourselves on our ability to deliver data driven market knowledge and trends to our clients between transactions. As a property owner myself, I am able to view each assignment through multiple lenses to achieve the best results for my clients. My client list includes small and large developers, private equity funds, family trusts, and international investors. I have sold numerous properties to first time international buyers and maintain a network of contacts that extends far beyond the Midwest.
My entire professional life has been focused on multifamily investment properties and I pride myself on delivering a hands-on, personal approach that has developed long-lasting business relationships with my clients. Let us understand you, your company, your long-term objectives, and let us help you by being a true solutions-based adviser on your side of the table, not the kind of idea-of-the-day, dialing-for-dollars broker that has become prevalent in our industry.
2017 CoStar Power Broker
Event topics covered:
How to speak confidently with brokers.
How to create a story (true story) and/or talk track to get brokers to respond.
Trends in the market locally/Nationally
We will start at 6pm but feel free to come in early! This meetup will detail why good commercial brokers can be a great addition to your team. Learn how to confidently speak to them, even when cold calling. Also, they are a great resource of information about markets and trends happening in the market. So come out learn and leave confident that you can speak the language, it’s generally not as hard as people make it. Their goal is to close deals and get paid. Going forward we want to build on the previous meetups to give everyone a detailed and comprehensive idea of the entire process from start to finish, so don’t miss out and fall behind. We had a great turn out on our last meetup, look forward to seeing everyone again and some new faces! Have a Successful Day everyone!!
Come Join the fun! Brandon Krieg and his friends at REI got Aaron & I into this business years ago. These guys are not only a great group but they are full of knowledge and are more than willing to share with those who want to learn!
Are You Interested In Learning How To Make Money And Achieve Financial Freedom Through Investing In Apartments?
WHAT OTHERS ARE SAYING…
“I truly love what you’re doing and think the team and program you’ve put together is fantastic. Your family oriented values shine very bright as the interaction between your wife and kids are amazing. I believe that you’re building an insurmountable platform for anyone who’s looking to involve themselves in multifamily.“
“It was an EXCELLENT event. You guys did an awesome job of getting it all together. The venue was great, food was great and more importantly the slides / content / speaker line up was just perfect. Very professionally done.Your kids on stage made it even more special. They are adorable. The event was excellent. The variety of speakers and content was well put together.”
“Excellent, professional seminar. Very impressed (and I already had high expectations)”
- Why invest in apartments
- Tax benefits of investing in apartments
- Generate passive income by investing in apartment buildings
- Invest successfully when working a full-time job
- Build generational wealth through apartment investing
- The critical steps required to invest in apartments
- How to find deals
- How to analyze an apartment deal
- A Case Study
- What makes a good market
- Critical questions you should ask a deal lead/sponsor/syndicator before you invest
- Avoid the pitfalls involved in multifamily real estate
- Syndication (raising money for group purchasing)
- Network with like-minded people
- New technology to help you with your multifamily investing
Saturday, May 19th & Sunday, May 20th, 2018
8:30am – 5:30pm (networking to follow)
(Saturday: Cocktails/Networking 6:00pm )
Renaissance Dallas at Plano Legacy West Hotel
6007 Legacy Drive, Plano, TX 75024
The Renaissance is a beautiful hotel in a walkable community, with shops and restaurants galore! Book your group discounted