What type of real estate should you NOT invest in? Get the answer to this question and more as Matt chats with Rachel and Dylan Grunn — experienced active and passive investors in multifamily apartment syndications. They’ll also share why you need to be clear on your investing criteria and goals.
LISTEN FOR THIS
- There is not a lot of advertising that goes on in the space of multifamily investing so a lot of people find out about it through word of mouth.
- Rachel made her first passive investment in 2015. When she started to see the returns and the cash flow, she was hooked.
- Dylan had a good understanding of stocks, mutual funds and 401ks but didn't really understand there was another path to take that was a lot more lucrative — apartment investing.
- Key things to look for when evaluating an apartment investment will not always be the same depending on the investor’s phase of life. However, communication, transparency and market research are key elements to look for in any apartment investment.
- A big difference between apartment investing and Real Estate Investment Trusts (REITs) is REITs’ lack of transparency and communication. In a typical apartment investment, your sponsor will answer your questions as soon as possible and be transparent with financials. Also, unlike REITs, with an apartment investment you actually own the real estate and have a lot more control over which properties you’d like to invest in.
QUOTES
“I understand it's a lot of money that you're investing and we've been there before. It's scary at first, but after the first cycle of a deal you're suddenly addicted and there's no rehab out there for you.” :)
“I ask investors what their biggest regret is and it's always that they didn't start earlier. The perfect time to invest was 10 years ago. The second best time is right now and I think to get better returns you really just gotta commit.”
ABOUT RACHEL & DYLAN
Rachel and Dylan Grunn are the co-founders of Third Coast Capital, which is an innovative investment company offering passive investors the opportunity to become co-owners of large multifamily apartment buildings. From Airbnbs, to mobile home parks, to development, and commercial real estate funds, Dylan and Rachel have done it all — but multifamily remains their favorite asset in their portfolio!
CONNECT WITH RACHEL & DYLAN
Website: thirdcoast-capital.com
Podcast: GoodGood Investing
CONNECT WITH US
Learn more about passively investing in apartment buildings:
Website: hansenholdings.com
Free Webinar Training: hansenholdings.com/webinar
Schedule Call with Matt: Schedule Intro Call
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