EP294 Five Must-Know Steps to Renovating a Multifamily Apartment Property with Ken Gee

Published: Aug. 16, 2021, 5 a.m.

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One of the most lucrative ways to invest in real estate is to find an underperforming, tired multifamily property and bring it back to life through better management, renovations, and capital improvements.\\xa0 I\\u2019ve done this myself many times and have added exponential value to the property and investment.

My guest today is going to share with us the five most important steps you must follow when renovating a multifamily apartment property.\\xa0 He\\u2019s also going to tell you what to look for in an investment sponsor if you\\u2019d prefer to invest passively in these types of opportunities.

Ken Gee is the founder and managing partner of KRI Partners and the KRI group of companies.\\xa0 He has over 24 years of real estate, banking, private equity transaction, and principal investing experience.\\xa0 He\\u2019s also been involved with transactions valued at over $2 Billion dollars.

Today Ken\\u2019s going to take us through the five most important steps his team takes when acquiring and improving a multifamily apartment project, the importance of understanding the market you\\u2019re investing in, the amenities he likes to add, and why you should wait at least 30 days before beginning any improvements.

We\\u2019ll also discuss the three things you should look for in a sponsor you might invest with passively, including their track record and the way they prioritize their investors.

Ken shares a lot of valuable information and experience in today\\u2019s conversation.\\xa0 You can find out more about Ken by reading his free ebook at https://www.kripartners.com/ebook/ or email at kgee@kripartners.com

Today\\u2019s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

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