Today’s interest rate environment is extremely challenging. The bid/ask price is still wide, and commercial real estate deals are tough to pencil. To underwrite and win deals today, you must sharpen your pencil in a way that hedges against risk and protects your investment against rising rates.
In this episode, Tenny Tolofari shares is story on how he got his start in real estate, and his journey to forming XCite capital as the director of acquisitions.
Tenny is the Director of Acquisition and Co-founder of XSITE Capital Investment LLC.
Prior to forming XSITE Capital, Tenny spent several years leading a major sales team in one of the fastest growing financial services companies in America. He is also a Global Cyber Security professional, supporting the likes of Boeing and Deloitte.
Tenny and the XSITE Capital team hosts a rapidly growing multifamily-focused meetup in Maryland where they provide resources and add value to individuals interested in growing their wealth and changing their financial future. Within the last three years his efforts had led to acquiring $168MM assets under management.
In this episode, we discussed…
Why Tenny believes education is key to his success
The challenges of underwriting in today’s interest rate environment
Underwriting tips in today’s multifamily market
His top strategy to find top brokers in any marketTenny Tolofari's Instagram Profile link: https://www.instagram.com/ttolofari/?hl=en
Tenny Tolofari's LinkedIn Profile link: https://www.linkedin.com/in/tenny-tolofari-6aa04613b/
Tenny Tolofari's Company Website link: xsitecapital.com
Tenny Tolofari's Promotion Link: https://www.google.com/url?q=https://us02web.zoom.us/meeting/register/tZErf-upqjIsHdQyGHFAK25Rt3HUdNYmgX3X&sa=D&source=calendar&ust=1683634150916184&usg=AOvVaw1Ztvb6lyd5-EfCCYj56a_m
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