100 Kenny Wolfe $650 Million in Real Estate Under Management and Went from 0 to 9000 Units in Just 12 Years
Description
Listen to this episode of Unstoppable REI Wealth to learn how to make your real estate investing business thrive! Kenny Wolf, the Wolf of commercial real estate investing, shares his secrets to success, including the importance of underwriting, relationships, and networking. With over 9000 units under his belt and $650,000,000 under management, Kenny knows a thing or two about what it takes to be a successful real estate investor. Billy Alvaro, who started with no-How to get started in real estate investing-The importance of underwriting-The importance of relationships-The importance of networking-The importance of experience-The importance of returns
Kenny Wolfe is an experienced multifamily syndicator, the founder and CEO of Wolfe Investments, and published author of “Investing in the Dream: How to Acquire Multifamily Real Estate and Attain Total Financial Freedom”. He invested in his first multifamily property in 2010 and instantly saw the potential for real estate to transform his life - giving him the opportunity to quit his day job and start a company.
Key Points
Approximately mentioned @ 00:00:01
Kenny Wolfe, the Wolfe of commercial real estate investing, has done over 9000 units and has $650,000,000 under management.
Approximately mentioned @ 00:00:51
Kenny is syndicating a deal for a portfolio of 443 units in Texas. The portfolio is split between two properties in Houston and Sherman. The former owners have done unit interior upgrades for 50 units, and Kenny's team plans to do an additional 100 unit upgrades. The expected total return for investors is 114% over five years, with an IRR of 18%. Cash on cash should be 10% and return of capital by year two on a refi should be 30-40%.
Approximately mentioned @ 00:07:43
Looking at a deal to see if it is worth taking through due diligence can be a lengthy process. However, by having a quick process to review the deal, it can help to save time.
Approximately mentioned @ 00:19:59
Kenny Rushing of Wolfe Investments LLC shares his experience and expertise in real estate investing, specifically in multifamily and commercial properties.
Approximately mentioned @ 00:19:59
Referral investors are key to a successful investment business. Thanking investors for referrals and providing a way for them to easily refer new investors are important methods for growing a successful investment business.
Connect with Kenny https://wolfe-investments.com/
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