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EP39: Running the Numbers on Your First Ever Multifamily Deal with Kenneth and Rachael Wick
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Joining us in this episode is power couple Kenneth and Rachael Wick, and they’ll share their experiences as new real estate syndicators, plus how they got a 32-unit and 16-unit asset in one deal. Tune in to learn major insights from their acquired properties, attractive features, and potential returns!
Key takeaways to listen for
- The value of working with good property management companies
- An attractive amenity that can help improve an asset and increase rents
- Why it’s vital to always have contingency funds
- How to communicate with your investors effectively
- Ideal systems to establish when starting a real estate syndication
Resources mentioned in this episode
- RE Mentor™ Kill Zone
- Constant Contact
- Rich Dad’s CASHFLOW Board Game (New Edition)
- InvestNext
- ActiveCampaign
About Kenneth and Rachael Wick
Minnesota natives Kenneth and Rachael have a combined total of 54 years of experience in education in addition to real estate acquisitions which began in 2003. Both have Master’s of Educational Technology degrees and want to help others learn. Their experience includes using various creative financing methods to acquire properties, personal and contracted renovation skills, and first-hand experience with property and tenant management.
Ken and Rachael’s top priority is to acquire large multifamily properties through syndication, which have above-average returns for our investors. They are also members of the Minnesota Real Estate Investing Association and multifamily investing communities nationwide and have received the Give Back Award from the Boston-based Dave Lindahl group.
Connect with Kenneth and Rachael
Website: Higher Point Investing
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