JF3463: Ditching Student Rentals, Navigating Tenant Delinquency, and Letting Geographic Focus Drive ft. Mac Shelton

Best Real Estate Investing Advice Ever

English - February 27, 2024 08:25 - 23 minutes - 16.1 MB - ★★★★★ - 961 ratings
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Previous Episode: JF3462: Why ‘Always Be Closing’ Is Dead and Elevating Your Business with Virtual Assistants ft. Valentina Brega

Next Episode: JF3464: Rents Are Cooling, but Not Everywhere: How Class A ‘Luxury’ Supply Is Putting Pressure on Class C Rents ft. Jay Parsons

Mac Shelton — founding partner at Sweetbay Capital, which focuses on multifamily value-add deals in Virginia and the Carolinas — joins host Slocomb Reed on the Best Ever Show. In this episode, Mac discusses investing in student rentals before reading Joe Fairless’s Book — the Best Ever Apartment Syndication Book — and how the lack of scalability in student rentals led him and his partner to pivot to multifamily syndication. From niching down and investing in familiar markets to overcoming tenant delinquency, Mac shares his experience buying multifamily deals in the challenging landscape that defined 2023.

Mac Shelton | Real Estate Background

Founding Partner at Sweetbay Capital

Portfolio:

131 units with 60 more under contract

Based in Raleigh, NC

Say hi to him at

www.sweetbay-capital.com

Sponsors:

Monarch Money

My1031Pros