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:
https://itunes.apple.com/us/podcast/rental-property-owner-real/id1083618984

If you’d rather access through a different method, the podcast is also available on stitcher:
http://www.stitcher.com/s?fid=83364&refid=stpr

Google Play:
https://play.google.com/music/m/Is36npwhy334hann4rtu6j62bm4?t=Rental_Property_Owner__Real_Estate_Investor_Podcast

You can also access it online at:

http://rporeipodcast.libsyn.com/