Scott Kidd’s Post

As a steadfast advocate for aspiring and early-stage property investors, I'm focused on guiding those who currently own between 0-5 investment properties, whether they're looking to embark on their investment journey or expand an existing portfolio. The below graph is a simple illustration of the market's vast potential – showcasing that a majority of single-family rental units are owned by investors holding between 1-9 properties. This represents a golden opportunity for growth and development in the sector. I'm thrilled to announce that joined forces with Build 2 Rent as we curate a portfolio brimming with new build rentals in Florida – a hotspot for both burgeoning and seasoned investors. If you've ever contemplated investing in rental properties or expanding your foothold in the real estate arena, now is an auspicious time to dive in. Let's harness this momentum and navigate the exciting world of real estate investments together. Florida awaits! #RealEstateInvestment #PropertyPortfolio #FloridaRealEstate

“From owning a 5 unit to acquiring a 244 unit apartment community” After owning small multifamily rental real estate for many years, while being a full-time corporate employee, I escaped corporate life and set out to get into large scale multifamily ownership. Prior to acquiring this 244 unit apartment for about $30M, the biggest investment real estate I owned was a 5 unit apartment. There’s a tried, tested, and proven blue print to go big in multifamily real estate and the blue print is readily accessible. If you’re interested in how I made the leap from 5 units to 244 units with one acquisition, let’s talk. ——— 🏢 Park Royal Capital: Private Equity Real Estate Investment Firm 🚍Join us on our next BUS TOUR by signing up for our newsletter and you’ll receive details once the next tour is confirmed:  https://lnkd.in/dd5NmK_S 💬 DM us for more info or visit our website through the profile: parkroyalcapital.com 🤝 Let's connect and reach new heights together! 👍 Like, 💬 comment, and 🔁 share this post if you found it helpful or if you know someone who would benefit from it! #multifamily #multifamilyinvesting #multifamilyrealestate #lawyer

On March 6th of 2023, about one year ago, I officially began working with the crew at Appreciate A short story: Initially, I joined as head of sales. The goal was to drive business for the product at the time, a vc backed 3rd party property management solution that promised transparency and high level analytics around your rental properties. The pitch was to optimize an industry (3rd party property management) that was/still is completely broken, fragmented, and left behind. It was a compelling pitch that I believed so strongly in that I left the prior startup I had and left my old life in Austin behind to start fresh in mid Missouri. I moved to operations soon after. 12 months later…. I could not have anticipated how fast things would change. What we’ve achieved since I joined: - we hired great people - Pivoted the business when we identified we had only a few months of runway left before insolvency + the fundamental problem we were solving wasn’t the game we were meant to play - We let some great people go - We found product market fit with a new strategy: building a tech enabled real estate company - We rebranded (check out appreciate.io for the new direction) - We’ve slept on cockroach infested floors to turn around some of our north star assets creating ~$2m in capital gains within a 6 month period - We unlocked a path to profitability with the current portfolio we own and manage (took burn down from ~$50k+ to breakeven by growing to ~$15m AUM), and taking pay cuts well below market rates to put the business needs first - We’ve identified Kansas City as the market that will unlock our growth - We’ve doubled down on the core team that can take this idea and build it into something truly exceptional A little bit about the path from the weeds: - We’ve grown revenue 268% since January of ‘23 - Our rents under management at our peak before pivoting was $172k per month, and we were making $35kmrr. That was with a 3rd party management structure - After we pivoted, our rents under management fell to $80k and our revenue fell all the way down to $20k mrr. we fired almost all of our 3rd party customers…except ourselves. The remaining portfolio we were managing was primarily owned by @Nick and soon to be Appreciate - The new strategy became owning what we manage and aligning incentives - a big reason we wanted out of property management. - We purchased 2 sub institutional assets in Kansas City and stabilized the 3rd large one already located here. - By December, our rents under management climbed all the way to $115k, and we had our new highest revenue month ever with MRR reaching $35.4k! surpassing our July peak when we were managing much more rent volume It’s been a hell of a ride. The tech we’ve built has driven a lot of the decision making that has led us to today. And now…we are fundraising! If you know anyone investing in proptech & Midwest based startups, I’d love to chat and connect them to the team if it’s a fit

The Commercial Observer’s annual Owners Magazine published today, and MAG Partners resoundingly said “YES” to “Are you going to buy in ’25?” As MaryAnne Gilmartin shared in the survey, the underlying demand drivers of multifamily in New York City remain strong and the housing crisis is very real. The market needs more rental housing and MAG Partners sees it as our commercial and civic duty to continue to deliver this asset class. As we learn to navigate 485x, we’ll continue pursuing viable ground-up sites and continue to build our multifamily portfolio. Like many of our fellow owners, MAG Partners thinks capital formation is back. The right deals — paired with high-caliber sponsorship in good markets with a strong business plan — will secure the capital. When it comes to development, New York is the greatest city in the world if you have the appetite for the fight. Nothing in this business is ever easy, but it’s never impossible. https://lnkd.in/eBuXqYdf

How do you keep moving forward as an apartment investor when interest rates are high, inflation sticky, prices down, and transaction volume essentially non-existent? Find really good people to bring on as partners... Introducing the new Director of Acquisitions at Streamline Capital Group... The Amazing Steven Richards (Kinda like "The Amazing Spiderman" but I don't think he can't crawl on walls). Most recently, he was weaving webs at the Marcus & Millichap office in #SaltLakeCity... And before that, swinging down the streets at a NYC-based, multifamily investment firm... He came on the team and made an immediate impact... (Impact for a team? That's kinda what he did playing football at Brigham Young University) Now, his role is to get the ball across the goal line, closing as many properties as we can get our hands on... Especially now... Mostly because interest rates are high, inflation is sticky, prices down, and transaction volume essentially non-existent... Which I think will prove to be the best buying opportunity in a long time... So be like Steven... And don't wait to buy real estate, buy real estate and wait!! And reach out if you're looking to invest soon... P.S. Multifamily brokers in Utah - make sure you know this guy Mark Jensen Rawley Nielsen Mark Numbers Jake Miles Kris Mortensen, MBA Michael King Daniel Fale Andre Henao JT Redd Brandon Fugal Brandon Goodman Joe Cooley Derek Kofoed Dianne H. Greg Barratt

What’s my secret been in growing a large multifamily portfolio? Created enough income to become a full-time real estate investor… Went from 0 to ownership in 1600 multifamily units in 5 years… 9 full cycle deals averaging 19% annual returns with a bunch more performing assets in the portfolio? So what’s the secret? We’ll get to that… But first the story: I started with a four-person partnership in 2019… we raised $15 million purchased 650 units over 3 years… Then I “struck out on my own” which really means found a bunch of different people to partner with on projects all across the country… Ohio, Georgia, Oklahoma, Colorado, North Carolina, Texas… Then I decided to focus all of my efforts on a singular purpose… Buying and managing apartments in Salt Lake City… Now in the past 12 months have raised $10 million more to purchase an additional 125 units (with more in the pipeline)… All of those in Salt Lake City… So what’s my secret? Simple. I never tried to do any of it by myself… I’ve paid for mentors… And found good partners… To amplify my efforts… And share the load… And it’s been the mentors and partners that have been the secret ingredients to all of the above… And that’s how you do more and go further…

DEAL CLOSED! 🎉 I’m thrilled to finally share publicly the news about our latest acquisition—a stunning 148-unit apartment complex in Houston, TX. ------- Why are you just hearing about it now? This was a 506(b) offering, which means public marketing, advertising, or fundraising wasn’t allowed. "How do I get notified about these opportunities?" you ask. 506(b) offerings require a pre-existing relationship between sponsors and investors, which means... 👉 Let’s connect and get to know each other! -------- Why are we so excited about this deal? → Long-term ownership transition The previous owner held this property for over 30 years. Now, it’s our turn to unlock its full potential and profitability. → Prime location Situated in a fantastic neighborhood with top-rated schools, thriving businesses, and diverse employers. → Cashflow from DAY ONE This stabilized asset is already generating monthly distributions for our investors, starting immediately after closing! → Conservative projections Our value-add strategy aims to double the property’s value within 5 years, putting our investors on track to double their investment during that time. ------- Whether you’re looking to grow your wealth passively or want to learn how to close deals like this as an active investor, apartment investing is a fantastic way to start and I can show you how! Interested in learning more or becoming a part of deals like this? Let’s connect and talk real estate! 🏢 🏢 🏢

In our latest episode of Multifamily Chronicles, we had the pleasure of hosting Salvatore Buscemi, a co-founder and partner at Brahmin Partners. He shared insights on his journey from working at Goldman Sachs to founding a family office focused on private real estate and venture investments. Here are some key takeaways from our conversation: ✅ 𝐓𝐡𝐞 𝐏𝐨𝐰𝐞𝐫 𝐨𝐟 𝐑𝐞𝐥𝐚𝐭𝐢𝐨𝐧𝐬𝐡𝐢𝐩𝐬: Sal emphasized the importance of being relationship-focused, not transactional. He stressed that long-term success comes from building trust and maintaining strong connections, especially in an industry where networking is crucial. ✅ 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: Despite challenges in multifamily, Sal pointed out that the best time to invest in real estate is when the market is down. He shared that owners who bought within the last two years and couldn’t refinance are now feeling the pressure, creating potential opportunities for other investors to buy their assets at a discount. ✅ 𝐑𝐚𝐢𝐬𝐢𝐧𝐠 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐰𝐢𝐭𝐡 𝐂𝐨𝐧𝐯𝐢𝐜𝐭𝐢𝐨𝐧: Sal’s advice for new investors is clear: before you even find a deal, start building relationships with potential investors. Additionally, look for sponsors who show conviction by investing a significant amount of their own equity—5% is cute, but 10% or more shows real commitment. ✅ 𝐒𝐭𝐚𝐲𝐢𝐧𝐠 𝐀𝐡𝐞𝐚𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐚𝐦𝐞: Sal stays on top of market trends by subscribing to newsletters and analyzing global events. He noted that while financial media can be biased, paying attention to what’s happening behind the scenes and understanding the broader economic picture is crucial for making informed investment decisions. These insights provide a unique perspective on the importance of relationships, market timing, and capital raising in the real estate world. Check out the full conversation by clicking the link in the comments below. 👇

Imagine turning a $50,000 investment into $97,000 in just 2.5 years. Sounds like a dream, right? Well, it's not… April 30, 2022: we made an unforgettable deal. We purchased 61 Vandenburgh Ave for $1,025,000. It was a prime multifamily property across from Hudson Valley Community College, surrounded by a blend of single-family homes and commercial conveniences. But there was a twist. The rear driveway didn't line up with the easement on the map. It partially sat on the neighbor's property. A potential deal breaker? Absolutely. But we didn't flinch. Here's what we did: ✔️ We brought our lender in on the plan. ✔️ We assessed the risk (minimal, thankfully). ✔️ We stayed confident in the legal fix and moved forward. What happened next? With the help of Gerth Property Management, we revamped, remodeled, and revitalized: - 9 apartments over 2.5 years. - Painted, secured entryways, enhanced parking, and more. - Raised the rent roll from $13,700 to $20,450/month. November 14, 2024: we closed the sale. Sold for $1,875,000. And our passive investors? They received a 30% annual return on their investment, turning a $50,000 stake into $97,000 (including a $47,000 profit). This was more than just a win for us. It was a win for everyone involved. Truly an unforgettable deal...but also a damn good investment for our partners. --- Ready to learn more about how we turn properties into high-return stories? Drop me a message, or let's talk about our next big move in Tampa. P.S. Have you ever faced a "deal-breaking" challenge that almost stopped you in your tracks? Comment below! 👇