December 05, 2023

Savvy Multifamily Operations with Ken Gee

39 minutes

Welcome to another captivating episode of The Cashflow Project, where we delve into the intricate world of real estate investment with the seasoned Ken Gee. With over two decades of experience in real estate, banking, and private equity, Ken shares insights from his journey – from a commercial lender to a full-time real estate investor. Unveiling his early successes, including a remarkable half-million-dollar profit from three multifamily deals in just two years, Ken is more than an investor; he's a strategic thinker who understands the market's nuances.

In this episode, Ken and I explore the pivotal importance of having a driving force that propels one towards success. We discuss the disciplined approach to real estate that not only leads to lucrative returns but also fosters longevity in the industry. From navigating current market challenges, such as Florida's insurance costs, to maintaining disciplined underwriting amidst economic pressures, Ken offers valuable insights suitable for both seasoned investors and newcomers to the field. Join us on this educational journey with Ken Gee and let's expand our investment horizons together on The Cashflow Project. 🚀

00:00 Podcast discusses investing in multifamily real estate.

03:14 Overcame challenges, made fortune in real estate.

08:26 Summarize the text using 7 words: Understanding numbers and underwriting in finance.

11:02 Profit from rent increases, cash flow crucial.

14:20 Find, run, improve properties, understand perspective, budget.

19:09 Developers focus on ultra luxury for profit.

20:07 Create value through property renovation, drive income.

24:55 Real estate fundamentals remain despite media hype.

28:25 Strive for risk-averse assets in investments.

32:47 Struggling to find decent tenants, Karen suggests improvements.

34:00 Earn money, but don't quit your primary job.

37:02 Importance of proper commercial real estate underwriting.