S01E03: Finding The Right Partners for Multifamily Investing, the Day-To-Day Of Running An Asset Management Business & More With Omar Khan
Apartment Investor's Club Podcast
Release Date: 09/12/2022
Apartment Investor's Club Podcast
From a chance encounter with a retired banker, Kevin Bupp stumbled upon an unexpected investment opportunity in mobile home parks and parking lots. But what happened next was a twist that no one saw coming. What was it and how did Kevin overcome it? Find out in this gripping transcript. “I realised that there was a better way...Mobile home parks have a lot of similarities in multifamily properties. It's a different type of vehicle - literally!” In this episode, you will be able to: 👉Discover the financial perks and challenges tied to mobile home park investments, along with their...
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Establishing strong, long-lasting relationships in the real estate investing sphere is fundamental to success. Building these relationships takes time, effort and mutual trust. By connecting with reputable sponsors, experienced investors and knowledgeable professionals, investors can ensure they are well supported throughout their investment journey. Additionally, these relationships create a platform for resource sharing, guidance and mutual growth, all while increasing the investor's chances of successful returns. To Spencer Hilligoss, establishing and maintaining relationships is a top...
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We've got Brian Briscoe joining us for a chat with our host, Jonathan Twombly. Brian is a fantastic example of how drive and determination can pave the way for success in real estate investing. As a military veteran himself, he understands the unique challenges faced by our audience and has plenty of wisdom to share. So, sit back, relax, and get ready to soak up some knowledge from the one and only Brian Briscoe! “Don't wait until everything is perfect to start your journey. You'll never get started. Start where you are with what you have, and take it one step at a time.” Collaborating...
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Exploring emerging markets and up-and-coming areas is a smart approach that can lead to substantial payoff for real estate investors. Buyers seeking opportunities should keep an eye on developments in areas like Myrtle Beach and Anderson in South Carolina, as these locations could prove advantageous to those ahead of the curve. Jonathan Kessler navigates the tumultuous world of real estate transactions as sellers struggle to accept the new reality of lower proceeds, and even high-end deals are retraded, all while the market shifts daily and a potential recession looms. “I think people are...
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Today’s guest is Bronson Hill, a dynamic real estate investor and multifamily syndicator with an impressive track record of raising over $30 million for various alternative assets. Before making his mark in the real estate world, Bronson worked in medical device sales, earning a substantial income but yearning for more freedom and control over his time. Determined to change his life, he dove into real estate investing and discovered a passion for helping others achieve financial success in the process. Bronson now shares his expertise and powerful mindset strategies with aspiring investors. ...
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Frank Patalano, a former school teacher turned successful international real estate investor, joins host Jonathan Twombly on the Apartment Investors Club Podcast to share his journey into the world of boutique hotel investing in Punta Cana, Dominican Republic. With over a decade of experience in multifamily investing and a passion for exploring new opportunities, Frank's entrepreneurial spirit led him to take on the challenge of managing a small hotel in a highly competitive market. His hands-on and creative approach to navigating the unique challenges of international investing have made him...
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📌 Multifamily Wealth Project Conference, Apr 26 - 28, 2023 The Multifamily Wealth Project connects you with influential leaders, deal makers, investors, brokers and peers in the multifamily industry. 👉 Book your spot “If you're thinking about getting into multifamily right now, don't walk - run! Now is when the opportunities are starting to prevail themselves, and you will make a killing!” After losing millions in the 2008 crisis, Charles Dobens has emerged as a wise and experienced investor, ready to capitalise on the current multifamily market conditions. But will he be able to...
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📌 Multifamily Wealth Project Conference, Apr 26 - 28, 2023 The Multifamily Wealth Project connects you with influential leaders, deal makers, investors, brokers and peers in the multifamily industry. 👉 Book your spot In the realm of commercial real estate financing, an essential component involves sourcing equity from different investor types. These investor types may include family offices, private equity funds, and REITs. By connecting sponsors with a variety of equity sources, developers can secure the necessary funding to move forward with their real estate projects. Establishing...
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📌 Multifamily Wealth Project Conference, Apr 26 - 28, 2023 The Multifamily Wealth Project connects you with influential leaders, deal makers, investors, brokers and peers in the multifamily industry. 👉 Book your spot Dreaming of becoming a better capital advisor? In today’s episode, we can help you do just that! Scott Williams is the Managing Director of Aline Capital. Aline Capital is a fully integrated commercial real estate and capital markets advisory firm. They offer investment sales, leasing, debt, and equity advisory services to commercial real estate developers and investors....
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📌 Multifamily Wealth Project Conference, Apr 26 - 28, 2023 The Multifamily Wealth Project connects you with influential leaders, deal makers, investors, brokers and peers in the multifamily industry. 👉 Book your spot Discover the insider's perspective on the real-estate market and lending environment from a money lender in this informative episode! Founder and CEO The Golf Sanctuary, Nashville's premier indoor golf, entertainment and culinary experience.Founder of The Investors Capital Group, a concierge commercial loan brokerage that Educates, Empowers and Amplifies Wealth for Real...
info_outlineOmar has advised on $3.7 billion in capital financing and M&A transactions, as well as securing $50+ million in equity from private and institutional capital. He is a graduate from the Rotman School of Business (University of Toronto), and a CFA charter holder with 10+ years of investing experience across real estate and commodities. As the principal of Boardwalk Wealth, Omar is primarily responsible for developing strong relationships with private and institutional investors, brokers, and strategic partners. He has closed on over $250 million of assets across TX, GA, FL, and SD.
Jonathan and Omar go over some key aspects of gathering data for successful real-estate deals in the multifamily sector; discuss some key things to look for in any given area to make sure your deals are successful and also go over the day-to-day details of managing a team and hiring people to work in property management.
Reach out to Omar Khan
https://www.boardwalkwealth.com/our-team/
https://www.linkedin.com/in/omark1
Key points:
01:49 Given Omar's multi-generational experience, what is his view on the current state of the multifamily market
03:22 Which markets are safe, based on demographics
04:50 Attractive markets in the Southeast
05:28 Omar's submarket buybox
08:09 How to source real-estate data
10:23 How to keep track of the "soft data"
15:01 Omar's data repository
16:25 What can we tell about an area by looking at the businesses that operate there
18:12 Omar's indicators for an ideal real estate deal
20:42 Defining an absentee owner
24:33 What to look for to make sure your property managers are doing a good job
26:28 Omar's company, business management style, when to delegate
29:46 What type of payment structure to offer to your partners
30:18 Omar's hiring process for finding the best people for his business
33:34 The daily process of managing people and running a business, how to keep your people on target
34:45 How to cover the risk of something happening to the main asset manager
31:10 Omar's key advice for multifamily investors
39:01 Closing thoughts & how to reach out to Omar