Welcome to the Journey to Multifamily Millions podcast, where we dive into real estate investing with the pros!

In this episode, we sit down with Jason Williams, founder of Ironclad Underwriting Mastery and co-founder of The Academy Presents. With a background in engineering, Jason shares how he transitioned from single-family homes to multifamily apartment syndication, inspired by mentor Joe Fairless.

Jason dives into the creation of his unique underwriting model and shares the key lessons he learned while self-managing properties.

He breaks down the challenges of property management, from handling tenant issues to tackling financial obstacles, and highlights strategies for finding great properties and making smart investments. Jason also explores the role of mentorship in real estate success and discusses how building a thought leadership platform can make a difference.

Plus, he introduces the concept of using self-directed IRAs and 401ks for added investment flexibility, encouraging investors to research and support each other to achieve financial independence.

Episode Topics

[001:29] Meet our guest, Jason Williams
[03:11] First Real Estate Investments
[13:44] Transition to Syndication and Mentorship
[18:07] Overcoming the First Deal Challenge
[21:22] Creating a Dynamic Underwriting Model
[26:41] Self-Directed IRAs and 401ks
[30:36] What is one red flag every investor should look out for?
[31:36] What is a myth about the real estate business?
[34:33] Connecting with Jason

Notable Quotes

• I started creating an underwriting model so that I can start understanding the numbers of an apartment complex. - Jason Williams
• "I think it takes a special kind of person to be a property manager and I need those people, but I’m not one of them." – Jason Williams
• "The real estate takes care of itself...Generally speaking, real estate's a good market to invest in." – Tim Little
• "Most banks, lenders require a 25 percent down payment for an investment property...that's a lot of money, especially with the cost of properties nowadays." – Tim Little
• "There’s no conservative underwriting...either you're competitive or you're not going to get any deals." – Jason Williams
• "One of the advantages of doing a podcast is... I get to have smart people on the show, and be seen with experts." – Tim Little
• "In a 401k, you don’t have a lot of control over what it’s invested in...once you put it into that self-directed IRA, you have a lot more flexibility." – Tim Little

👉Connect with Jason Williams

• LinkedIn: Jason (Bow-Tie Guy) Williams, Ph.D
• Website: Ironclad Underwriting
• Email: info@ironcladunderwriting.com
• Telephone: 940-247-0204

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: tim@zanainvestments.com
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Welcome to the Journey to Multifamily Millions podcast, where we speak with professionals on financial topics!

Ken Gee, the founder of KRI Partners and a real estate private equity specialist with more than 26 years of experience, is our guest for this episode.

Ken takes us back to his early days, describing the difficulties he faced when managing his first 28-unit complex and how he developed into a multifamily investment manager. He dissects important tactics including utilizing financial expertise, innovative funding, and the strength of solid connections in the real estate industry.

From managing market fluctuations to reaching financial independence through real estate, this episode is jam-packed with helpful guidance for prospective investors.

Don't pass this up!

Episode Topics

[001:15] Meet our guest, Ken Gee
[05:23] First Real Estate Deal Challenges
[12:36] Scaling the Business
[18:33] Evaluating Your Role in GP Investments
[23:02] Transitioning to Raising Money
[26:04] The KRI 360 Investment System
[30:38] What is one red flag every investor should look out for?
[31:41] What is a myth about the real estate business?
[35:24] Connecting with Ken

Notable Quotes

• "In any business, probably in life, the people that actually help you are not the people you would expect." – Ken Gee
• "You caught the bug right after you saw that value-add strategy... you get better tenants willing to pay more money." – Tim Little
• "The value that you get from being a general partner on a deal, even if it's a small slice, gives you instant credibility with brokers, lenders, etc." – Tim Little
• "If you close a deal, the brokers call you. 'Hey, I saw you close that deal.' Now you're somebody, not just a tire kicker." – Ken Gee
• "You are selling the value that you bring to the community, to the deal... so that you can protect the investors that you have in that deal." – Tim Little
• "If we reduce our leverage because we have the funds to close, debt doesn’t become the problem... If there’s a problem in real estate, it’s always debt related." – Ken Gee

👉Connect with Ken Gee

• LinkedIn: Ken Gee
• Website: KRI Partners
• Email: kgee@kripartners.com
• Telephone: +1 330-467-1985

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: tim@zanainvestments.com
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497

Welcome to the Journey to Multifamily Millions podcast, where we speak with professionals on financial topics!

Dakota Brown and Alex Zapata examine the quickly evolving loan and equity markets in commercial real estate in this talk. Bridging loans, the effect of rising interest rates, financing and underwriting difficulties, and investor strategies for navigating market volatility are the main topics of debate.

In the face of economic turbulence, they explore the ramifications of rate increases, bridge loan methods, insurance and tax issues, and new trends in asset classes.

They emphasize the value of being both cautious and opportunistic in the current environment while offering a critical perspective on market dynamics and helpful underwriting advice. They also go over the prospects for 2023, pointing out areas that might give chances despite the difficulties brought on by an unstable economy.

Episode Topics

[00:41] Meet our guest, Dakota Brown and Alex Zapata
[02:56] Current Market Volatility and Trends
[04:56] Understanding Debt and Equity Transactions
[10:43] Impact of Federal Funds Rate on Treasury Yields
[19:43] Inflation, Labor Markets, and Economic Outlook
[26:241] Buyer and Seller Expectations
[31:18] Underwriting and Rent Growth Challenges
[37:42] Debt Strategies and Investor Returns

Notable Quotes

• "Rates are composed of two metrics: an index and a spread." – Dakota Brown
• "Banks are hedging their risk... no one’s really sure where rates will be." – Dakota Brown
• "We arrange debt and equity transactions, not direct lending." – Alex Zapata
• "Debt service coverage ratio is the biggest constraint as rates move, impacting leverage." – Alex Zapata
• "Multifamily operators are using bridge loans to acquire, but it’s becoming less attractive right now." – Tim Little
• "I've seen price drops of one to two million because debt has gotten so expensive that the seller has to acknowledge that." – Tim Little
• "This is a really crucial time that not a lot of people have experienced in their investment careers. It's been about 11, 12 years since we've had a similar style economic volatility" -[Dakota Brown]
• “Hotel to multi-family conversion is a very popular concept. I think it's a lot more conceptual than it has been executed in certain markets.” -[Alex Zapata]
• “We always talk about multifamily being recession resistant, but I think it's important to note that it's not recession proof. It doesn't mean we won't get impacted by a recession, we will, and we need to think about that.” - [Tim Little]

👉Connect with Dakota Brown

• Linkedin: Dakota Brown
• Website: www.FranklinSt.com

👉Connect with Alex Zapata

• Linkedin Alex Zapata
• Website: Barclay Gro

👉 Connect with Tim

• Linkedin: Tim Little
• Instagram: @tim_at_zana
• Email: tim@zanainvestments.com
• Visit www.ZANAinvestments.com for more info on Tim and how you can passively invest in multifamily real estate
• Get your Passive Investor's Cheat Sheet FREE

Subscribe, Rate, and leave a review here 🌟
https://podcasts.apple.com/us/podcast/journey-to-multifamily-millions/id1634643497