Ep. 121: Building a Dream Multifamily Team with Whitney Sewell

Multifamily Insights

English - September 13, 2019 22:49 - 37 minutes - 34.1 MB - ★★★★★ - 207 ratings
Investing Business Marketing apartments cashflow apartmentinvesting buyingapartmentbuildings buyingrealestate learningtobuyrealestate marketing multifamily realestateinvesting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Ep. 120: Solar Energy and Affordable Housing with AJ Patton

Next Episode: Ep. 122: How Cost Segregation Can Lower Your Taxes with Yonah Weiss

Whitney Sewell began his investing career in 2009 and has since invested in 900 doors valued at over $120 million. He hosts a daily podcast, the Real Estate Syndication show. He also owns and operates Life Bridge Capital with the purpose of creating passive returns and using a portion of the profits to help families seeking adoption. Today, he shares more about his passion for adoption, his target market, and building a dream team that has allowed him to grow his portfolio and run a daily podcast.

Partner: Download a Free Sample Apartment Deal Package

Key Market Insights

Passionate about adoption but the process is a roller coaster and expensive Cost is $40k-$60k to adopt a child 50% of Life Bridge Capital’s profits go to helping adoption families Real estate focus is on value-add multifamily Target market is Colorado Springs, 100+ units, value-add properties Seeking stable property 80-85% occupied, not seeking massive renovation Value-add: raising rents, lowering expenses, management issues Colorado Springs: Steady growth and diverse jobs Had dinner a few nights in a row with his partner to get to know him Liked what he heard about him outside of real estate – who he was as a partner Had numerous Zoom calls with both wives to get to know each other Building a strong team has allowed for the production of lots of content What would Whitney change if he could start over: track all the steps and incorporate a task management system Understand the cost involved to produce as many shows and understanding how VAs work and how to find the right VAs

Partner: Check out the Passive Income through Multifamily Real Estate podcast with Kyle and Lalita Mitchell

Bull’s Eye Tips:

Winning Your Market: Know where the jobs are

Tracking Market Changes: City-data.com, Google and broker reports

Daily Habit: Get up early

Resources:

Best Business Books:

Best Ever Apartment Syndication by Joe Fairless and Theo Hicks

The Road Less Stupid by M. Scott Peck

Digital Resources:

Contactually

Tweet This: