Multifamily Missteps Hosted by Christy Keeton
Are you tired of the "rainbows and butterflies" approach in multifamily investing, where everything unfolds seamlessly, and everybody wins? You never see “behind the scenes” reality.
If you resonate with our perspective, acknowledging that true insights emerge from navigating mistakes and challenges, then you're in the right place.
Join Christy Keeton, your host, as she dives into the missteps and lessons learned encountered by active apartment operators.
In these episodes, we embark on a journey to dissect and analyze the pitfalls within the multifamily project life cycle, focusing on the crucial stages of Finding, Funding, Fixing, or Flipping a project.
Instead of glossing over setbacks, we shine a spotlight on them, providing a valuable learning experience for our audience. Each episode concludes not only by revealing how the issue at hand was rectified but also by sharing other priceless lessons derived from the experience.
It's an unfiltered exploration of the multifamily investment landscape, revealing the intricate tapestry of challenges and solutions that make the journey worthwhile.
Multifamily Missteps Hosted by Christy Keeton
A year to close 107 Unit Complex - A Donahue Baker
A Donahue Baker is a CPA turned full-time real estate investor. He is a real estate developer, author, speaker, and entrepreneur. Donahue now focuses on acquiring value-add apartment complexes and providing people with affordable housing. In this episode, he shares the most challenging deal he ever faced, a 107-unit complex that took a year to close.
[00:01 – 13:29] Providing Affordable Housing
- Donahue talks about his background and journey to affordable housing
- A CPA in his previous life
- Focuses on purchasing value-add apartment complexes
- Grabbing his most challenging deal.
- Donahue walks us through the process of acquiring their 107-unit complex.
[13:30 – 24:29] Hurdles and Setbacks
- The major deficiencies in the management of the previous owners of the 107-unit complex
- Other people seeing opportunities in Donahue’s deal
- The hurdles and setbacks
- The deal failed 3 times in a year
[24:30 – 27:38] Closing Segment
- Final words of wisdom for the listeners:
- “Opportunity is all in every difficulty.”
- “It’s important to analyze your deals from various perspectives.”
- Final thoughts
Tweetable Quotes:
“If you know what to look for, for me, it’s like really looking for the opportunity to do a tremendous value-add.” – A Donahue Baker
“I learned along the way. So, now I have a different mindset.” – A Donahue Baker
Resources Mentioned:
- Generational Wealth: That’s The Key by A Donahue Baker
You can connect with Donahue on the following platforms:
- Instagram: @adonahuebaker
- Facebook: @adonahuebakerpage
- Twitter: @ADonahueBaker
Get his book Generational Wealth: That’s The Key for free by subscribing to his YouTube Channel at A Donahue Baker or by joining the Generational Wealth Builders (The Inner Circle) Facebook group.
Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3
Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB
Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC
Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.
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