Episode 84: How to Make Money in Multifamily Investing in Florida with Ken Gee

Published: March 12, 2021, 5 a.m.

<p>Let’s welcome today’s guest episode, <strong>Ken Gee</strong>, the Founder and President of the <em>KRI Group of Companies</em>. He has 23 years of significant real estate, banking, private equity transaction and multifamily investing experience. Ken Gee founded The KRI Group of companies in 1997 with the acquisition of a small, twenty-eight unit apartment building in Cleveland, Ohio. Since that time, KRI has evolved into a full-service real estate company that specializes in multifamily apartment investment, multifamily apartment syndication and multifamily apartment property management services. As a company, they have owned more than $55 million worth of multifamily properties and their senior management team has managed more than 15,000 apartment units, collectively worth more than $1 billion.</p> <h1>In this episode we discuss:</h1> <ul><li>Ken’s early exposure to real estate at age 14 [4:40]</li> <li>His first real estate business in Cleveland [5:55]</li> <li>Leaping down to Florida’s market [7:37]</li> <li>Growing his network of connections [10:40]</li> <li>Comparison between Cleveland’s and Florida’s properties [11:41]</li> <li>His most outstanding renovations [13:05]</li> <li>Challenges he faced on Florida’s market [15:08]</li> <li>Setting up syndication-level funds and its benefits [18:05]</li> <li>Cost and time process in setting up funds [23:57]</li> <li>How the funds work with investors [26:56]</li> <li>The future of multifamily market [29:06]</li> <li>KRI’s gigantic real estate records [33:35]</li> <li>Best ways to connect with Ken Gee [34:25]</li> </ul><h1>Links to sources and tools:</h1> <ul><li>Connect with Ken Gee’s on LinkedIn: www.linkedin.com/in/geekennetha</li> <li>Check their website: <a href="https://www.kripartners.com/" rel="nofollow noreferrer noopener" target="_blank">https://www.kripartners.com/</a></li> <li>Check out these episodes: <ul><li><a href="https://passthesecretsauce.com/2020/09/18/multifamily-real-estate-investing-in-cincinnati-with-jj-harrison" rel="nofollow noreferrer noopener" target="_blank">https://passthesecretsauce.com/2020/09/18/multifamily-real-estate-investing-in-cincinnati-with-jj-harrison</a></li> <li><a href="https://passthesecretsauce.com/2020/08/21/how-to-start-in-real-estate-investing-mark-anderson-answers/" rel="nofollow noreferrer noopener" target="_blank">https://passthesecretsauce.com/2020/08/21/how-to-start-in-real-estate-investing-mark-anderson-answers/</a></li> <li><a href="https://passthesecretsauce.com/2020/08/28/building-a-real-estate-team/" rel="nofollow noreferrer noopener" target="_blank">https://passthesecretsauce.com/2020/08/28/building-a-real-estate-team/</a></li> </ul></li> </ul><p>Thanks for listening. Don’t forget to like us on Facebook: <a href="https://www.facebook.com/passthesecretsauce" rel="nofollow noreferrer noopener" target="_blank">https://www.facebook.com/passthesecretsauce</a> to get updates on new episodes. If you haven’t already, please follow and leave a review for our podcast, we’ll really appreciate it. And as always, don’t forget to pass the secret sauce.</p> <h1>Support our podcast</h1> <p>If you’re a fan of the show, there are three simple things you can do to support our work: </p> <ol><li>Subscribe, rate and review: <a href="https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483" rel="nofollow noreferrer noopener" target="_blank">https://podcasts.apple.com/us/podcast/pass-the-secret-sauce-by-matt-shields/id1506940483</a> the podcast on iTunes or wherever you subscribe.</li> <li>Tell a family member, friend, or colleague about the show. </li> <li>Subscribe to us on YouTube: <a href="https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA" rel="nofollow noreferrer noopener" target="_blank">https://www.youtube.com/channel/UCJ5eItxsGWyGKC91zd1pzbA</a> and follow us on LinkedIn: <a href="https://www.linkedin.com/company/pass-the-secret-sauce-podcast" rel="nofollow norefe...