The REI Diamonds Show-Real Estate Investment Podcast

REI Diamonds Show with Omar Khan on Investing in 100 Unit+ Multi Family Deals

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July 06, 2018 8:06pm

45m

Omar & I Discuss



  • Hottest Markets with the Least Competition in the U.S.

  • Selecting the Right Team Members to Execute Deals

  • Institutional Investors-Target the Right Office

  • Details About Recent 253 Unit Texas Deal


 


More than the Money


Chris Prefontaine is a bestselling author and real estate investor with over


26 years of experience in the field, including 18 years as a builder, realtor,


broker/owner and investor.. He’s always been an entrepreneur even when


he didn’t know it.  When he used to drag his wagon up to the street corner


and sell junk from his closet or when he used to purchase gum by the pack


and sell by the slice in middle school.


In 1991, Chris began building homes and built 100 homes before starting


his own brokerage.  He then become a broker/owner and was selling 100


homes a year with his small team.  Since the 2008 debacle he realized he


needed to reinvent his business so that he no longer had to use his own


money or credit. 


Aer years of coaching independently, Chris founded Smart Real Estate


Coach in 2014. The company coaches investors on how to scale & automate


their business throughout the US and Canada- all without using their cash


or credit. Chris and his team, which includes his kids, have done over $80


million in real estate transactions. They mentor, coach, consult and have


Associates around the country doing exactly what they do. On top of that,


they run their own buying and selling business so they’re in the trenches


every single week.  Between their existing Associates around the Country


and their own deals, they’re still doing 5-10 properties every month and


control as of now between $20 million -$25 million of real estate with little


to no money down


Omar Khan comes from an institutional investment banking background, having advised on $3.7 Billion of capital financing & M&A transactions.  He’s completed numerous multi-million dollar syndication deals and targets deal hold times of 3-5 years before exit.  While most people talk about “raising the money” to do deals, Omar focuses much attention on the more important aspects of the deal during this episode: the Team who’s married to the deal for the 3-5 years.  If you invest your money passively, you obviously better have a good deal to start with, but a top notch operating partner/team is ESSENTIAL to your money’s survival (let alone growth!!).


 


Relevant Episodes: (There are 107 Content Packed Interviews in Total)



 


Resources Mentioned in the Episode:


www.BoardwalkWealth.com