Unlocking Hidden Goldmines: Why Now Is the Perfect Time to Dive Headfirst Into Multifamily Investments (We’ve Already Started)
Kathy:
I’m a little too excited. Dave. Part of me was to retire, but then there’s all these opportunities. Okay, so you are going to retire. I can’t, I don’t know if it’s possible
Dave:
Deserve it, but I just, I’m skeptical that we’ll see the day.
Kathy:
It’s probably not going to happen, especially after my conversation yesterday. So we are launching a multifamily fund
Because my new syndication manager, he’s been with us for a year and a half now, but that is his background and he has built multifamily. He has renovated, he understands it’s much better than me. But the deals that we’ve looked at, you have to move quickly when there’s a good deal in any kind of real estate, you can’t sit around and wait and try to negotiate. You got to jump, you got to pounce quickly. So for a syndication, if you’re raising millions of dollars, you don’t have time. It takes a month just to get the documents in order, and then you need to work with the investors and make sure they understand the deal. So we’ve missed out on some really good opportunities for that region. You just basically have to have cash. So we are starting the multifamily fund so that the cash is ready so that when we see the next deal, we can pounce.
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