Currently, in control of 4,300 Multi-Family Units, Mark Kenney- a real estate investor, entrepreneur, and founder of ThinkMultifamily has an incredible amount of impact as an investor and businessman. Only starting to acquire larger deals five years ago, his ability to implement successful strategies when investing is apparent. With over twenty years in the real estate industry, his passion for the business has allowed him to gain an extensive amount of knowledge and insight into the valuation, acquisition, and operations behind a real estate deal. 

 

In this episode of Multifamily Real Estate Investments with Don and Eden, Mark Kenney discusses his beginnings as an IT entrepreneur and what exactly led him to move into the real estate arena and assisting investors with buying multi-family units. He also discusses the importance of partnering on deals in order to bring different skill sets to the table to make a deal successful and a good investment. Lastly, Mark advocates for the importance of giving back to others through different methods such as coaching, mentoring, and charity. 

 

Highlights: 

Mark’s Beginnings In Real Estate 

His IT Background (How It Is Applicable To The Real Estate World)

How He Finds The Right Deal For Investors

The Importance Of Giving Back  

Current Projects And Future Outlook

 

How to Connect with Mark

W: Think Multifamily

E: [email protected]

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Transcription

 

Hey guys, thank you for tuning in today. I'm going to host Mark Kenney. Mark is in control of forty-three hundred units. Think about that number for a second — the type of impact you have as an investor when you are affecting forty-three households. Well, not if you including vacancies. Okay, I think I'm losing it. So anyway what's even more amazing about that is that Mark only started to buy bigger deals five years ago. Potential of becoming extremely wealthy in a very short time is more than possible when you're dealing with multi-families, and that is what excites me so much about this. Also, Mark and I are going to talk about how important it is to partner up; especially on your first deal because people have different skill sets. You can't be good at everything, and there is a lot to do. Now don't get me wrong I'm not saying for a second it's impossible to do this on your own. Everything is possible if you have the will and determination, but I'm just saying it's probably easier to do it when you have the right partner or partners. Okay, so without further ado Mark Kenney. 

Welcome to the real estate investing podcast with Don and Eden, where we cover all aspects of real estate investing with special attention to multi-family apartment buildings and off-market strategies. 

Hey Mark, how are you doing today?  Welcome to the show. 

I'm doing well, thanks for having me. 

Yes, you're welcome. I believe you deserve it. I heard that now you're in control of forty-three hundred units, so that's amazing. 

Yeah, we didn't do it by ourselves, but it's been a journey. It's been fairly quick overall, but it's been fun. 

So I know that you started buying multi-families. I would say five years ago was it right? 

Yeah, I started buying a small multi-family twenty-five years ago, two to four units. Yeah. Then about five years ago started syndicating larger deals. 

Okay. So you were buying properties ever since you were out of college? If I'm correct, right? 

I was a senior in college, yes. Oh man. So tell us about that, that's interesting. Yeah.   people are like, was your dad in real estate or someone else you knew? The reality was, no we didn't have anyone in our family or anyone that was an entrepreneur or anything. But I have an identical twin brother, and we were both like, man there has to be a better way for both. Kind of analytical, and I had no accounting background or I.T. background.  At the time we were going to school for accounting, and we're like everyone needs a place to live. S