Investing in multifamily apartments can be an intimidating direction for real estate investors. The Kitti Sisters, Palmy and Nancy, join me today to share their success with these investments.
They did not start out in the real estate sector. After being heavily one-income saturated with a fashion company that closed its stores, the two decided to stop trading time for money and move into the real estate market. Nancy and Palmy were living in LA when they switched from focusing locally on house flipping to expanding their income to markets all over the country with apartment syndications and investing.
Starting with passive income, with investing in syndications, the Kitti Sisters grew their income, investments, and scope of deals. They share exactly all the boxes they check as they make each deal.
Palmy and Nancy’s Deal Checklist:
- Know, like, and trust your operator.
- Find the right market.
- Is there population growth
- Identify diverse economic drivers.
- Is there potential for rent growth?
The sisters also share their big market recommendations. The world and the market is changing all over the country after COVID, they have a perspective that really changes the idea on the booming markets. The markets they recommend are places they currently have or have had successful deals!
Palmy and Nancy also talk about the “5 Buckets” in an investment: find the deal, find the money, be a good asset manager, develop good broker relationships, and bring net worth. They explain that you don’t have to be good at everything, figure out what bucket you feel like, and then find other trusted individuals to fill those buckets!
This episode has got some great information, the Kitti Sisters really want to educate the public on how to make money and live their life to the fullest. Check out their website as well as their podcast launching soon.
Watch and Learn:
Listen and learn:
- Getting started with multifamily apartment deals.
- What is apartment syndication and investing?
- The steps to make the right deal.
- The Kitti Sister’s market recommendations.
- The “5 Buckets” of an investment.
Mentioned in this episode:
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