He likes C class and B class value add Multi family deals, and he surely knows how to sniff them out! Here why large multi family properties make sense and what metrics he uses to validate a proper internal rate of return. If you're looking to level up in real estate, this episode is for you!
Best Ever Tweet:
Underwrite your deal conservatively.
Steve O\u2019Brien Real Estate Background:
- Co-founder and Chief Investment Officer of Arcan Capital
- Responsible for acquisition of over 20 multifamily assets totaling close to $200 million in the last five years
- Placed nearly $100 million in financing with FMNA, FMAC, HUD, bank and insurance company sources
- Prior to Arcan, Mr. O'Brien was with CBRE
- Based in Atlanta, Georgia
- Say hi to him at www.arcancapital.com
- Best Ever Book: Outliers by Malcolm Gladwell
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