Discover why a California IT engineer bought a 24 unit multifamily apartment property in Kentucky (rather than in his own backyard) as well as the details of how Ken is going to increase the value by $1 Million in 12-24 months! Learn more here: https://www.commercialpropertyadvisor...

Every successful multifamily apartment investor has a mentor. Get your mentor here: https://www.commercialpropertyadvisor...

0:00 Intro
0:46 Why Ken Invested Out of State
1:40 Why Engineers Make Good Multifamily Investors
2:37 Overview of Ken's Kentucky Deal
4:38 Driving Factors for Investing in Multifamily
6:32 24 Unit in Kentucky: purchase price/off market deal/motivated seller
7:22 Financing: multifamily bank loan
9:10 Value Add Potential: rent upside/removing Section 8 status/$1 MM Upside
13:25 Engineer a Value-Add Plan
15:48 Future Multifamily Investing
16:17 What Ken Learned from His First Multifamily Deal
20:11 3 Technical Takeaways from Ken's Out of State Deal
23:26 3 Practical Takeaways from Ken