Takeaways From Our Indianapolis Multifamily Meetup 🔥

[Justin Goodin]

@Spencer Gray dropped a ton of knowledge last at our Indianapolis Multifamily Meetup 🔥🔥

 A few key takeaways:

-Mentors are important- Spencer found a way to add value to a more experienced sponsor when starting out and was able to leverage their expertise. 
-Look for unique ways to add value- There are other creative ways to add value to assets besides doing the standard ‘renovate and increase rents.’ Sponsors that know the market and can find these hidden opportunities will be able to acquire more deals and deliver better returns. 
-Don’t be afraid to take risks- Spencer had previous business ventures that did not perform as well as he hoped. This provided him with valuable lessons which thankfully led him to pursue stability with large multifamily assets. 
-Apartment Investing is superior- No other asset class has the stability and benefits that multifamily offers. Most of Spencer’s portfolio is comprised of apartments for a reason. Apartments offer amazing tax benefits, depreciation benefits, and amazing financing options.