All Forum Posts by: Cara Kennedy

@Sammy Lyon - CONGRATULATIONS! That's huge. I've sent you a colleague request. If you'd like boots on the ground and/or JV opportunities in Detroit I've got teams that work on apartment syndication (we seek passive investors only at this stage) and a team working on picking up small MFHs. Let me know if you'd like to connect and chat to see if we can work with each other.

Also, I love your social justice initiatives. Once I build up my RE business I will be starting a charity as well. I'd love to reach out to you at that time, if you're open to it. The % of investment into it is the approach I'll be taking as well. 

Thanks and have a great day! Again, congrats!

Hi @Ryan Warren , Thanks for reaching out. I am staying out of Wayne at least for now. I see a lot of opportunity in the outskirts of Detroit Metro and beyond. Do you work in that area? I'm also keeping my eye open for medium to large apartment buildings for a group of buyers (at least 50-unit, ideally a property with value-add opportunity). I'd love to hear if anything comes up or be added to your buyers list! I'm open to a phone chat too, if that's easier. Let me know. Thanks again.

@Tiwana Merritt - Hey, WELCOME! My strategy is buy and hold and I'm still on the hunt for smaller multi-families to fund my apartment investing and syndication projects; the former I work north and west of the Detroit Metro area in Michigan, US, and then the latter I'm working with buyers and teams all over the country! 

Good on you for keeping up the farmland! If you ever want to chat apartments or small multi-families, or you become interested in the increasingly popular Detroit Metro market, don't hesitate to get in touch!

@Adam Hoffer - Hey Adam, I haven't read these personally but they are frequently mentioned on the podcasts: Think and Grow Rich, and The Richest Man in Babylon. Also, I've read the book the Millionaire Fastlane; while it's not a real estate book, it talks about working on yourself, your education, and a project/business that pays you more than a $/hour ratio. It's a great mindset book. The ABC's of Real Estate Investing is also commonly mentioned, and I read the Real Book of Real Estate by Kiyosaki and team and it provided a great overview of over 15 sects of real estate. 

I hope this helps and good on you for thinking outside the box!

Hey, do any of you have buy and hold properties in Calgary or Red Deer? If this market tanks like everyone says it will, I'm looking to partner up with someone to get a property or two out there. Let me know, thanks! Also, hug a moose for me, eh?

Hey @Chad Lamb , The value-add specifically refers to adding value to the investment, and typically in the context of MFH I've seen it used as a quick way to describe putting "lipstick" on a property to bring rents up to market value. This could include flooring changes, slight kitchen upgrades, tile work and paint but likely won't get into tearing down walls, fully replacing cabinetry and appliances, nor windows or doors. It's really just fixing things on a property that fall into the category of light, deferred maintenance. It's a common strategy in commercial MFH because commonly the properties are sold every 5-9 years and smaller updates but not full overalls are expected. I hope that helps!

Hey folks,

My team and I are seeking owners of multi-Family properties in Oakland, Macomb, Washtenaw, Lapeer and Saint Clair Counties. We're seeking off-market, multifamily properties, that are discounted to accommodate light renovations/improvements to bring rents up to market value.

Please get in touch if you know someone looking to sell.

Thank you,

Cara

Hit me up if you're interest in partnering north and west of the Detroit Metro area. I have a great property manager lined up. We're looking for multi-families outside of the highly competitive core of Detroit. Thanks!

Hey folks, you're a *little* out of the way for me to join you, but if you have properties and are having trouble finding a buyer please get in touch. I work alongside several syndicators and medium- to large-scale apartment building buyers. I also work with parties interested in mobile home parks and campgrounds/RV parks/cottage resorts. Please get in touch and thanks for the consideration!

All the best in booming Austin!

@Justin Windham thanks, Justin! I appreciate the feedback.