In today’s episode, we chat with Kristopher Morin, who successfully balanced a demanding corporate career at Accenture with a side real estate flipping business. Despite a hectic schedule, he scaled his investments into multifamily apartments, sharing insights for busy professionals looking to enter real estate.

Key Highlights:

Real Estate Transaction

Kristopher discussed a 50-unit apartment complex deal in Southern Indiana. Sourced through a regional broker, it involved a 7.75% interest rate loan. Key steps included:

• Finding the Deal: Established trust through previous transactions.
• Financing: Secured a loan with anticipated cash flow stabilization.
• Execution: Focused on maintenance and income improvements.
• Exit Strategy: Aligned incentives between management and investors.

Key Advice

• For New Investors: Avoid chasing trends; understand the economics of deals.
• Balancing Life and Work: Delegate tasks and communicate with family about sacrifices.
• Limited Resources: Network with experienced investors and play to your strengths.
• Passive Investing: Multifamily real estate offers strong returns and diversification.

Kristopher’s Journey

He began flipping homes while working full-time, transitioning to multifamily investing for better financial independence. He recommends starting with multifamily properties for long-term wealth.

Management Tips

For smaller complexes, sharing staff across properties can control costs. Partnering with aligned property management companies is essential.

Raising Rents

When increasing rents, research local comps and remain competitive to retain tenants.

Final Takeaways

• Delegate tasks effectively.
• Communicate clearly with family.
• Start with multifamily for scalable income.
• Target value-add opportunities.

Recommended Reading

Kristopher suggests "Who Not How" for scaling businesses through delegation.

Connect with Kristopher

Reach out to Kristopher on social media or visit Three Peaks Capital at threepeakscap.com for more resources.

Thanks for tuning in! If you're a busy professional interested in real estate, check out the lessons from this episode!

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