You DO NOT want to miss this episode… Kyle Marcotte provides numerous actionable tips that you can implement in your business TODAY. We talk about raising money at a young age, finding investors, investing out of state, and how to accurately underwrite deals and assess markets. I’m not joking, this episode is great – give it a listen!
Kyle Marcotte is an entrepreneur and multifamily real estate investor. While still a student-athlete at UC Davis, he was able to syndicate over 119 units of multifamily real estate valued at over 5.5 million dollars.
Time Stamps:
3:17 Kyle shares his background in soccer, and how shifted his focus from soccer and academics to business and real estate.
6:15 We discuss why Kyle prefers 100+ unit deals over small multifamily deals because of property management, scale, etc.
8:45 We learn about Kyle’s simplistic and actionable approach to raising money (don’t miss this)!
16:05 How Kyle presents a potential deal to investors and gains a “soft commitments”
21:03 Kyle discusses his first deal in Louisville.
25:30 We learn about how Kyle’s first deal is performing and how he works alongside property management, the challenges he faced, and other details.
31:52 Kyle shares how he overcame fear to invest out of state and how he built the courage to syndicate his first deal in the midwest.
35:06 We talk about how Kyle prefers to underwrite deals including exit cap, job growth, rent growth, and more.
39:32 Kyle shares how he finds market rents to more accurately underwrite deals and understand the market.
41:45 We discuss what Kyle is working on right now regarding free content, webinars, and markets he is looking into.
45:48 Kyle talks about what he wishes he did before he started his real estate career.
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