Podcast appearances and mentions of mark kenney

In recent years, there has been plenty of talk about the burden of paying for a college education, and student loan forgiveness has been a hot topic. If it's in the news, then weighing on the minds of our clients. That's why we're so grateful to have Mark Kenney, CERTIFIED FINANCIAL PLANNER and CERTIFIED TAX SPECIALIST here at SHP Financial. With college tuition soaring, preparing for your children's or grandchildren's education is more important than ever. In our conversation, you'll learn some shocking truths about how much student loan debt is being carried in the US, which assets are included in FAFSA's (Federal Application for Student Aid) calculations, and which aren't, and 529 accounts are a great way to save for college education.  In this podcast interview, you'll learn: Why most of the $1.75 trillion in student loan debt is being carried by people over 60 years of age. How to differentiate between the assets that are included and excluded in FAFSA applications. Some of the myths about 529 accounts and why they're an important part of a college education plan. The eligibility requirements, interest rates and repayment terms of Parent PLUS loans. Mark's advice on how to decide between helping to pay for college education vs leaving a legacy with your investments. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Ready to unlock the secrets of billion-dollar real estate empires? In this explosive episode of the HERO Capital Raising Show, multifamily mogul Mark Kenney reveals how he amassed a staggering $1.5 billion portfolio of 18,000 apartment units. Discover the game-changing strategies that catapulted Kenney from novice investor to industry titan, and learn why traditional real estate advice might be holding you back. Kenney drops bombshells on market timing, scaling operations, and the one counterintuitive move that supercharged his success. Don't let this golden opportunity slip through your fingers - tune in now and arm yourself with the knowledge to dominate the multifamily market!  Key Takeaways to Listen ForScaling strategies: Learn how Mark Kenney successfully scaled his multifamily portfolio from a few units to 18,000, and the critical decisions that enabled this massive growth.Capital raising secrets: Discover the innovative techniques Kenney used to attract and secure over $1.5 billion in investment capital for his real estate ventures.Market analysis mastery: Uncover Kenney's approach to identifying lucrative markets and properties, allowing him to stay ahead of trends and maximize returns.Operational excellence: Explore the systems and processes Kenney implemented to efficiently manage such a vast portfolio of properties.Overcoming obstacles: Gain insights into the challenges Kenney faced during his journey and the problem-solving strategies he employed to overcome them.About Tim MaiTim Mai is a real estate investor, fund manager, mentor, and founder of HERO Mastermind for REI coaches. He has helped many real estate investors and coaches become millionaires. Tim continues to help busy professionals earn income and build wealth through passive investing. He is also a creative marketer and promoter with incredible knowledge and experience, which he freely shares. He has lifted himself from the aftermath of war, achieving technical expertise in computers, followed by investment success in real estate, management skills, and a lofty position among real estate educators and internet marketers. Tim is an industry leader who has acquired and exited well over $50 million worth of real estate and is currently an investor in over 2700 units of multifamily apartments.Connect with TimWebsite: Capital Raising PartyFacebook: Tim Mai | Capital Raising Nation Instagram: @timmaicomTwitter: @timmaiLinkedin: Tim MaiYouTube: Tim MaiConnect with UsTo learn more about partnering with us, visit our website at https://javierhinojo.com/ and www.allstatescapitalgroup.com, or send an email to admin@allstateseg.com. Sign up to get our Free Apartment Due Diligence Checklist Template and Multifamily Calculator by visiting https://javierhinojo.com/free-tools/.To join Javier's Mastermind, go to https://javierhinojo.com/mastermind/ and to apply to his BDB Mastermind, see https://javierhinojo.com/mastermind/#apply_form and answer the form.

Losing a loved one is one of the most challenging and emotional periods in anyone's life. When assets, such as property and investments, are left to their beneficiaries, many families have a difficult time knowing where and how to start the process of settling the estate. In today's episode, we'll focus on estate planning, specifically the responsibilities and tax implications that a beneficiary has when they inherit those assets. I'm joined by our very own Mark Kenney and Amanda Glennon, who both have years of experience guiding families through this process to ensure that the actions and decisions that are made won't have financial consequences later. In our conversation, you'll learn how changes to the SECURE Act have impacted how inherited assets are taxed and distributed, the new estate tax exemption rules for Massachusetts residents, and why developing a relationship with an advisor to create an estate plan makes the entire process easier to handle during such an emotional time. In this podcast interview, you'll learn: How changes to the SECURE Act have accelerated the timeframe to deplete inherited assets for non-spouses. What cost basis means and how it applies to inheriting property or investments. The values of an estate that are excluded from state and federal estate taxes. How long a beneficiary can expect to wait before the estate is settled. The difference in taxation from inheriting an IRA and a Roth IRA. The added value in dealing with a Financial Advisor in person vs over the phone when handling an estate. Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Follow Mike and Shawn on Instagram! Shawn: @shawn_dimartile Mike: @miketighe_ In this episode, host Shawn DiMartile interviews Mark Kenney, co-founder of Think Multifamily, about his experiences and lessons learned in the multifamily real estate industry. Mark shares insights from his 30-year career, discussing the challenges he has faced, particularly in the past year. He highlights the impact of rising interest rates, increasing insurance costs, and eviction delays on multifamily investments. Mark also provides valuable advice for aspiring investors, emphasizing the importance of eliminating unknowns and seeking guidance from experienced mentors. He discusses the current market conditions and shares his thoughts on the future of multifamily investing. Some key takeaways from this episode: The past year has been the most challenging for multifamily investors, with rising interest rates, soaring insurance costs, and eviction delays creating significant obstacles To navigate these challenges, Mark advises investors to eliminate as many unknowns as possible and focus on areas with less volatility in terms of evictions, insurance costs, and property taxes Mark recommends seeking guidance from experienced mentors who have been through market cycles and can provide valuable insights and advice Despite the challenges, there is still a strong demand for multifamily properties, and the interest in the industry is expected to rebound, especially among larger institutional investors Investors should adjust their expectations for returns and rent growth based on the current market conditions and uncertainties How to connect with Mark: Email: mark@thinkmultifamily.com Website: www.thinkmultifamily.com Learn more about Mike and Shawn: Shawn: www.investorshawn.com Mike: www.investormike.com Website: www.takeoffcapital.com

On this episode of the Commercial Real Estate Podcast, hosts Adam Powadiuk and Aaron Cameron speak with Mark Kenney, President and Chief Executive Officer at CAPREIT. Topics covered include: The truth about affordability in Canada's rental market How to address the housing crisis in Canada Strategies for value creation in Canada's apartment sector Media's influence... The post The Real Story of Affordability in Canada's Rental Market with Mark Kenney of CAPREIT appeared first on Commercial Real Estate Podcast.

Beloved Patreon backer Mark Kenney inspires us to wear our classiest outfits in the  Gaming Hut as we seek ways to bring the vocabulary of clothing and fashion to tabletop narration. The Food Hut examines an old school staple dessert ingredient and the man who popularized it in North America, with the story of Walter […]

There are five worlds of financial planning: income, investment, tax, health care, and legacy–and today's episode is all about legacy. We believe your legacy is more than your estate and the assets you leave behind. The fact is, if you don't take control of your legacy with proper financial planning, someone else will. These are tough conversations to have for most people, but by the end of the episode, our goal is to help you feel comfortable taking that first step and getting started. We're happy to have someone like Mark Kenney at SHP share his expertise and experience. Today, we'll discuss how legacy planning impacts every other part of your financial plan, simple ways to reduce your estate taxes, and the key touch points you should be aware of as you create your legacy plan.  In this podcast interview, you'll learn: Why legacy is an integral part of every financial plan.  The common complications that arise in legacy planning and passing assets on to children or other beneficiaries.  How (and why) certain clients choose to gift to their beneficiaries over the course of a lifetime, rather than just after they pass. Why the rules for gifting are more generous when it comes to education (529) accounts.  What makes legacy planning so difficult for DIYers.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Here at SHP, we get so many questions about Social Security: when to claim it, how it works, and what might happen to it in the future, especially with how dysfunctional Congress has become. As always, we're excited to welcome Mark Kenney, CFP, CTS, back on the podcast to get his thoughts on where things might be headed and how to plan for it.  In this conversation, we dig into the history of Social Security, the common challenges people face when it comes to taking it, and how Social Security factors into a comprehensive financial plan to help you meet your goals in retirement. In this podcast interview, you'll learn: Why Social Security should never be your sole source of income. How to maximize your Social Security benefits–and what to consider as you decide when to take Social Security. How your Social Security benefit is calculated–and who's eligible to claim your Social Security after you die. What the Windfall Elimination Provision (WEP) penalty is and how it can impact your Social Security.  Why Social Security must be fixed in the next ten years to ensure benefits for future generations.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Join Patrice Miles, BOP Business Coach, and Mark Kenney, one of the Founders of Clinkit, as they unpack the strategic approach to utilizing Clinkit in your business journey and reveal how you can start letting your construction equipment work for you! Uncover practical tips and guidance for leveraging this tool effectively! Stop letting your construction equipment sit around. Rent it out like an AIRBNB... just Clinkit! Are you working IN your business or ON your business? Do you have all of the foundational elements that will liberate you from the business chaos?  Take the assessment to find out which areas you can grow and improve on.  Take our Healthy Owner Business Assessment HERE ➡️ https://bit.ly/healthypatrice SIGN UP for our Newsletter HERE ➡️ https://www.boproadmap.com/newsletter For blogs and updates, visit our site HERE ➡️ https://www.mybusinessonpurpose.com/blog/ LISTEN to the Business On Purpose Podcast HERE ➡️ https://podcasts.apple.com/us/podcast/my-business-on-purpose/id969222210 SUBSCRIBE to our YouTube channel HERE ➡️ https://www.youtube.com/channel/UCbPR8lTHY0ay4c0iqncOztg?sub_confirmation=1

Today's Flash Back Friday episode is from episode #528, which originally aired on 12/19/22.   Mark Kenney is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 25 years ago and has extensive experience in property valuation, acquisition, and operations.     Quote:  Seller expectations have changed a lot. They are much more likely to negotiate and work with us in today's market.   Highlights:   09:40: What Mark's business looks like in the current market 22:00: The current demand for rental properties 24:10: The adjustment of seller and investor expectations 26:00: Changes to the number of interested properties in multi-family deals 28:20: Readjusting hold periods to adapt to current market conditions 35:05: Mark's advice for limited partners and what they should expect from a syndicator   Guest Website: https://thinkmultifamily.com/   Recommended Resources: Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

In this episode, Tyler sits down with Mark Kenney, a highly respected voice in the multifamily real estate industry. Mark shares timeless wisdom and strategies used by successful investors in the real estate market. He also discusses how to navigate challenges, leverage setbacks, and develop a mindset that leads to success. Mark's wealth of experience and knowledge, having acquired over 18,000 units and $1.5 billion worth of assets, makes this episode extremely valuable for anyone looking to elevate their real estate investment game.    ✅KEY POINTS ✅     ✅ Patterns of successful investors: Mark Kenney discusses the patterns and strategies that successful investors in real estate utilize to optimize their investments.   ✅ Navigating today's marketplace: Kenney talks about how successful investors are interacting with the challenges and opportunities of today's real estate market.  ✅ Mindset and leveraging adversity: As someone who has acquired over 18,000 units and managed over $1.5 billion worth of assets, Kenney emphasizes the importance of mindset in investing.  ✅ Advice to his younger self: Kenney reflects on what advice he would give himself when he first started investing in real estate.  ✅ Continuing to invest in oneself: One of the key patterns of successful investors that Kenney highlights is their commitment to continually investing in themselves.     LINKS TO BOOKMARK  Keep up with the Elevate Podcast: https://elevatepod.com/  Interested in investing with Tyler? Visit https://www.cfcapllc.com/  Ready to boost your web presence? Visit www.sharpwilkinson.com/    FIND MARK  Instagram https://www.instagram.com/markkenney.re/  Twitter https://twitter.com/InvestTMF  Facebook https://www.facebook.com/multifamilyinvestors/  LinkedIn https://www.linkedin.com/company/thinkmultifamily.com    NAMES & BOOKS  The Road Less Stupid? By Keith J. Cunningham https://www.amazon.com/The-Road-Less-Stupid-audiobook/dp/B07DJWQ7JN/ref=sr_1_1?crid=S4F5N774FY9B&keywords=The+Road+Less+Stupid%3F&qid=1689177139&sprefix=%2Caps%2C428&sr=8-1   

Deliberation can make or break your asset's profitability, hear it in this episode with Mark Kenney and his evaluative attitude in real estate investing. Learn about how to filter out cash-flowing areas, deals, and partnerships that will assist you in making the right decision before diving into a market. Learn all this and more when you tune in!   Key takeaways to listen for: Factors to consider when looking for profitable RE markets to invest in The best asset class to invest in and how to underwrite deals properly Advice for buying and managing assets in today's market landscape Current real estate market trends and outlook you need to know How to find and choose the right real estate sponsor to partner with   Resources: Think Multifamily - Family Syndication Group The Road Less Stupid by Keith J. Cunningham | Kindle and Hardcover   About Mark Kenney Mark is a seasoned real estate investor and one of the founders of Think Multifamily, a leading Multifamily Acquisition & Education company that prides itself on a family-oriented approach to business. Mark started his real estate career over 25 years ago and is passionate about helping others succeed in the multifamily arena. Together with a partner, he has invested in 8000+ apartment units with a strategy focused on acquiring, owning, and operating apartments and providing clients with the opportunity to invest in real estate through syndication at a reduced risk that would otherwise be unobtainable.   Connect with Mark Website: Think Multifamily LinkedIn: Mark Kenney CONNECT WITH US Are you looking for the easiest way to grow your passive real estate portfolio? Visit Great Venture Capital to join our Investor Club today!   Follow Our Social Media Pages Facebook: Great Venture Capital LinkedIn: Great Venture Capital Connect on LinkedIn: Justin Dixon Email: Justin@GreatVentureCapital.com  

Hello and welcome to another episode of the Think Multifamily podcast, where we break down the complexities of multifamily investing.  Today, we have a special treat for our listeners. We're joined by the master of multifamily himself, Mark Kenney, who will be providing us with exclusive insights into the benefits of coaching with Think Multifamily.   Have you ever wondered what happens when a Think Multifamily coaching client submits a multifamily deal for review?   Today, you get a sneak peek into that process. Mark will be discussing the crucial things he looks for in the deal analysis before making suggestions to the client about the acquisition. He'll discuss factors like the property's year, class, occupancy, and location to get a holistic view of the property. He'll evaluate the asking price and dig into CapEx - the money that will be spent on the property and how it's allocated between interior and exterior improvements.   Mark will walk us through the timeframe of the proposed rehab and the rent plan - is there potential to increase rents? He'll evaluate unit size because if units are too small, securing a loan could be challenging.   He'll also dive into the intricate details of loan information. He'll explore closing costs with different types of loans – conventional, bridge loan – and discuss the variations that come with different loan types. He'll examine other potential fees and the provision for working capital.   In addition, Mark will delve into T12 analysis, looking at factors like property taxes, insurance, industry standards, and utilities. Finally, he'll discuss how the member is structuring the deal and the splits between the general partner team and the passive investors.   Join us as we take a deep dive into the multifaceted world of deal analysis with Mark Kenney. This episode promises a wealth of knowledge for everyone, whether you're a seasoned investor or a newbie looking to break into the world of multifamily investing.   So stay tuned, Think Multifamily listeners. You won't want to miss this!   Let's listen in now.

Welcome to the Think Multifamily podcast, where we demystify the world of multifamily investing.   Today, we're diving into an exciting and pivotal topic - sourcing deals.   Guiding us through this intricate process is our esteemed expert, Mark Kenney.   In this episode, Mark will shed light on the interaction between selling brokers and buying brokers and how we, as buyers, should engage with them. He'll take us behind the scenes and explain how commercial multifamily brokers differ from real estate agents who deal with single-family homes. Mark will also caution you about Confidentiality Agreements or CAs.   He'll share tips on dealing with brokers who may not be very reputable, and the implications of signing a CA that could potentially lock you into any deal in a submarket, irrespective of their agreement with the sellers.   We'll explore the alluring world of off-market deals, and Mark will provide insights on how these can fit into your investment strategy.   But who should sell your deal? What is the protocol for this? Mark will share an unwritten rule in commercial real estate that everyone should know about.   So whether you're an experienced investor or just starting on your multifamily journey, this episode is packed with invaluable information to help you navigate the broker landscape effectively.   Tune in to Think Multifamily and prepare to elevate your investing knowledge.   You won't want to miss this, so stay with us! Let's listen in now.

Hello and welcome back to the Think Multifamily podcast! Today, Mark is going to be discussing Interest Reserves & Cap Ex. He will explain what they are, when we should use them, and if it's even a good idea to use them.   He will also guide us on how to negotiate these things with your bank or lending institution. Mark will also explain whether replenishing your interest reserves is necessary and what it implies for your investment.   Getting the details on Interest Reserves and Cap Ex can assist us in choosing the most suitable lender when making a multifamily property investment.   Later, Mark will discuss 'Capital Expenditures', or 'CapEx', which refers to money spent on improvements or major repairs done to the property.   He will explain about submitting a DRAW request for reimbursement from the lender, after the work is completed.   So buckle up and prepare to dive into a wealth of knowledge about interest reserves and CapEx with Mark Kenney.   Stick around because you won't want to miss this episode!   Let's Listen in now.

Mark Kenney is a principal at Think MultiFamily in Dallas Texas. He and his partners have amassed a portfolio of more than 14,000 apartments. On today's show we are talking about lessons learned from the current market conditions. This is a fairly sobering episode and Mark is extremely transparent about the stresses he is experiencing. To connect with Mark and to learn more, visit ThinkMultiFamily.com -------------- Host: Victor Menasce email: podcast@victorjm.com

Welcome back investors! Today's show is all about a topic that's been causing quite a stir in the industry: "Is Multifamily in Trouble?" There's no denying that the landscape has become more complex and challenging recently. Factors such as shifting market dynamics, regulatory changes, Fed rate hikes, and economic uncertainties have all contributed to this situation. But what does it truly mean for multifamily investors? Mark Kenney, is going to address the burning question - "Is Multifamily really in trouble?" He will also be sharing what he feels is the biggest culprit and how that culprit could also affect Single Family and other asset classes. Whether you're a seasoned real estate investor looking to stay ahead of the game or someone considering multifamily as their next venture, this episode is packed with valuable information.

With income tax season in the rearview, some people tend to shift their focus to saving toward a child's education. This time of year, we'll often hear questions like: What are the best options? Wasn't there something new about 529s in SECURE Act 2.0? Has anything changed? If you're someone who has any of those questions (or others!) and you want to start preparing for your child's (or grandchildren's) education, this episode has everything you need to know about 529 Plans, including information on the changes that apply to 529s. In today's conversation, our very own Mark Kenney and Matthew Peck dig into how you can maximize the tax advantages of a 529 plan to offset college costs, the benefits of contributing to 529s at any stage of life, and how recent changes to the tax code affect 529 contributions. If you have questions, we have answers. Enjoy! In this podcast interview, you'll learn: How 529s are structured, who can contribute to them, and the major tax advantages of these funds. How retirees can contribute to kids, grandkids', and others' 529s. The options that are available if a 529 plan beneficiary doesn't go to college. Why a 529 plan doesn't negatively impact financial aid or student loan eligibility. Why investing in 529s should probably come after your 401(k).  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Welcome to the Think Multifamily Podcast! Today, Mark Kenney, CEO of Think Multifamily - will be discussing capital calls, member loans and recapitalization of Multifamily Syndications. For investors who might be asked or specifically looking to infuse capital in today's challenging financial environment, today's show will provide valuable content regarding the ins & outs of infusing fresh capital into a property, as well as the differences between capital calls, loans, and what a full recapitalization could mean to the LP investors in a deal. Tune in to hear some insightful strategies and lessons learned from over 25 years of investing experience, that could help you navigate today's real estate market. Let's get started!  

You're tuned in to Part 2 of our special Live Deal Analysis Workshop series on the Think Multifamily Podcast! In today's episode, Mark Kenney picks up right where he left off, diving into the world of Offering Memorandums. Can you really trust the information presented in them? What should you do when you discover inaccuracies in the OM? Mark shares his wisdom on how to navigate these challenges while providing valuable insights on occupancy and pushing rents. But that's not all! We'll also be discussing property taxes, Pro Formas, and other essential factors to consider in your multifamily investment journey. This episode is jam-packed with indispensable knowledge, so get ready to learn and grow with us. Stay tuned for more on today's episode of the Think Multifamily Podcast!

Welcome to the Think Multifamily Podcast! Today, we've got a special treat for you. We just couldn't resist sharing a small, yet highly valuable snippet from our recent Deal Analysis Workshop Live Event. We know you'll benefit from the insights and expertise shared during this incredible session. Listen now as Mark Kenney, CEO of Think Multifamily, takes you on a journey through his real estate investing adventures. Mark will break down the essential details to consider when evaluating an apartment building, and how these factors can impact your business plan and financial analysis of the investment opportunity. From starting with a single property to managing a substantial portfolio, Mark's experience and knowledge will help guide you in making informed decisions in the multifamily investment space. So, grab a pen and paper, and get ready to learn from one of the best in the business. You won't want to miss this special edition of the Think Multifamily Podcast!

Welcome back, Investors! Spring is finally here, and while the flowers are in bloom, there's something else in the air that we can't ignore - Fed rate hikes and inflation. As we head into the new season, it's crucial to stay on top of the latest market trends, and that's where our host Mark Kenney comes in. Mark is not your typical investor - he's got the experience, the know-how, and a no-nonsense attitude that cuts through the fluff. He's the kind of guy who tells it like it is, whether you're ready for it or not.   In this episode we will be talking about the 2023 Multifamily Outlook, and will be discussing what the recent Fed rate hikes and inflation mean for the multifamily industry. Are we in for a bumpy ride, or is there a light at the end of the tunnel? So, sit back, relax, and get ready for some serious insights. This is the Multifamily Outlook podcast, and we're excited to have you on board.   THIS EPISODE'S GUEST: Mark Kenney https://thinkmultifamily.com

Hey Investors!

On this episode, Mark Kenney, Co-Founder of Think Multifamily, shares the specific strategies and mindset that he and his team used to raise more than $160 million last year.   What you'll discover: Tips for scaling your operation with events, webinars, using your network, and more The real value of sharing information with others The tax benefits of real estate investing How being straightforward earned him a trustworthy reputation leading to more lifetime investor value Daily practices to build self-awareness and structure   More about Mark:   Mark is Co-Founder of Think Multifamily and has invested in 1,300 units. He has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with.   Think Multifamily acquires, owns and operates multifamily apartments in promising areas in order to provide otherwise unobtainable real estate investments with reduced risk to our clients. Our business model takes advantage of the opportunities to increase returns by bringing new capital to eliminate deferred maintenance and bring creative, modernized touches to the property; providing better management and collections; negotiating better vendor contracts; and ultimately, improving the overall environment of the living area for our tenants. Ways to connect with Mark:   https://thinkmultifamily.com/   Useful links and resources:   Join our new capital raising community group here: https://www.facebook.com/groups/capitalraisingtalkwithcapitalraisingprosgroup   Free Trainings on “How To Raise More Capital & Find High Net-Worth Investors on Auto-Pilot”: findmoreinvestors.com/capital   Enter our monthly raffle by leaving a 5-star review and emailing a screenshot to: reviews@findmoreinvestors.com   Connect with Yakov: https://www.linkedin.com/in/yakovsavitskiy/ https://www.facebook.com/yakov.smart3   The following music was used for this media project: Music: Positive Fat Bass Intro Loop by WinnieTheMoog Free download: https://filmmusic.io/song/6093-positive-fat-bass-intro-loop License (CC BY 4.0): https://filmmusic.io/standard-license Artist website: https://linktr.ee/taigasoundprod   The following music was used for this media project: Music: Just Keep Going (Loopable) by chilledmusic Free download: https://filmmusic.io/song/7245-just-keep-going-loopable License (CC BY 4.0): https://filmmusic.io/standard-license   The following music was used for this media project: Music: Business Of Dreams by MusicLFiles Free download: https://filmmusic.io/song/9392-business-of-dreams License (CC BY 4.0): https://filmmusic.io/standard-license Artist website: https://cemmusicproject.wixsite.com/musiclibraryfiles   #realestateinvesting #capitalraising #realestate #passiveinvesting  

What is the value of great financial advice? It's tough to put a number on it. But when it comes to financial planning, lots of people want to try to go it alone or take a “set it and forget it” approach to their portfolio.  However, if they're merely investing, or getting help managing their investments, there's a huge component that is often missed–retirement planning.  Today's episode is all about understanding what a financial planner brings to the table in the world of retirement. One of our very own CERTIFIED FINANCIAL PLANNERS, Mark Kenney, is here to walk you through the key components of our Retirement Road Map®, how this plan allays fears and ensures retirees will have what they need to live comfortably, and what you can do to take uncertainty and volatility out of your life in retirement.  In this podcast interview, you'll learn: Why so many people have financial plans that don't meaningfully account for retirement. How we work with clients to produce a comprehensive plan that addresses income, investments, taxes, healthcare, estate, and legacy. How a third-party advisor helps take the emotion out of investing and stops people from making simple, predictable mistakes. Why there's no one-size-fits-all, cookie cutter solution. Why a will won't stop your assets from going to probate court.  Want the Full Show Notes? To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast Connect With Us on Social Facebook LinkedIn YouTube

Welcome back investors and thank you for tuning back in for Part 2 of Becoming a Multifamily Sponsor with Tyler Lyons and Mark Kenney. Tyler asks Mark all the right questions to bring you great answers about the skills critical to become a successful Multifamily Sponsor along with tips and tricks for aspiring Sponsors to learn and scale rapidly. THIS EPISODE'S GUEST: Tyler Lyons https://asymcapital.com Mark Kenney https://thinkmultifamily.com

Welcome back investors. Every wonder how inexperienced investors wind up Multifamily Deal Sponsors and seemingly skip the learning curve that slows others down? You've tuned into the right show. On today's show, Mark Kenney and Tyler Lyons, from the Cashflow Connections Real Estate Podcast, discuss what it takes to be a successful Multifamily Syndicator. Tyler asks all the right questions to bring you great answers from Mark about the skills critical to become a successful Multifamily Sponsor along with tips and tricks for aspiring Sponsors to learn and scale rapidly. THIS EPISODE'S GUEST: Tyler Lyons https://asymcapital.com Mark Kenney https://thinkmultifamily.com

Mark Kenney is a President and Chief Executive Officer at CAPREIT   Mark Kenney joined Canadian Apartment Properties Real Estate Investment Trust (CAPREIT), a TSX listed company, in 1998. In 2019, Mark was appointed President and Chief Executive Officer. 
 
As Canada's largest publicly traded provider of quality rental housing, CAPREIT currently owns or has interests in approximately 67,000 residential apartment suites, townhomes and manufactured housing community sites well-located across Canada,  the Netherlands and Ireland. In 2020, CAPREIT was included in the S&P/TSX 60 Index. 
 
With over 30 years of experience in the multi-family sector and as President and Chief Executive Officer, Mark is actively involved in creating and implementing the strategic vision for the organization through the direction of company policy and oversight of the crucial divisions within CAPREIT, including property management operations, marketing, procurement, development, and acquisitions. A frequent contributor to BNN Bloomberg and other media, Mark is a passionate advocate for the role of Real Estate investor 

In this episode we talked about: * Mark's Background and How he Got into Real Estate * The Comparison of the Commercial Real Estate World of the 80s-90s and nowadays * Difference between Commercial Real Estate and Residential Real Estate * Pricing and Valuations of Industrial Multi-Residential * Supply in Real Estate  * Real Estate Deals in Suburban and Rural Areas * Development Costs and Charges * Areas of Investment into Manufacturing Housing * CAPREIT Focus in terms of Real Estate Projects * 2023-2024 Interest Rates Environment * Advice to Newcomers Transcription: Jesse (0s): Welcome to the Working Capital Real Estate Podcast. My name's Jessica Galley, and on this show we discuss all things real estate with investors and experts in a variety of industries that impact real estate. Whether you're looking at your first investment or raising your first fund, join me and let's build that portfolio one square foot at a time. Ladies and gentlemen, my name's Jessica Gallen. You're listening to Working Capital, the Real Estate Podcast. My guest today is Mark Heney, president and Chief Executive Officer at Capri.   Mark joined Canadian Apartment Properties real estate investment trust, a TSX listed company in 1998. In 2019, mark was appointed president and chief executive officer as Canada's largest publicly traded provider of quality rental housing. Capri currently owns or has interest in approximately 67,000 residential apartment suites, town homes, and manufactured housing community sites. Well located across Canada, the Netherlands, and Ireland in 2020. Capri was included in the S N P and TSX 60 index.   Mark, how you doing today?   Mark (1m 3s): Great, Jesse, thanks for having me.   Jesse (1m 4s): Yeah, pleasure to have you on. You know, wanted to talk a little bit about, you know, the current environment that we're in right now, you know, your background in the industry and, and Capri in general. But I guess, you know, maybe we could start with you have over 30 years experience in multifamily in that sector, and I was just curious to kind of get a little bit of a background of guests that we have on. It's always interesting to see how they got into the wild West. We called real estate.   Mark (1m 32s): Yeah, so I, I don't know, like, because I go back in time here to when I was growing up, I think it was very normal for young people to be interested in cars and real estate. It was, so, it wasn't anything that special about being drawn to real estate. I think like a lot of people I would daydream about real estate and back then it was probably just what it would be like to have a pool and a, and a big yard and, and a bit of a fascination how people got there, which kind of always stuck with me, but I didn't want to be a salesperson in real estate.   I was obviously just fascinated. Again, nothing unusual about that. And, and I found my, my way into, into real estate primarily because I probably wasn't the best student in the world and I, I really wanted to do this. So the thing I maybe haven't talked about a lot in the past was, it was an incredible opportunity because nobody, there was no competition. So a lot of my friends coming outta school we're lawyers and accountants and, and, and I, I was not the academic overachiever.   I really was always focused on just working. I didn't really understand why people went to school unless you're gonna become a doctor. I thought this isn't really helping me. And, and so I went into a field where there wasn't a lot of competition. I was one of the first people to get involved that, that had a degree and I stood out. And so the, the pool of people even today who you're competing with for a great career in real estate, especially on the property management side, I don't think it's fully understood by a lot of people.   Young people wanna go into tech, a lot of people wanna go into crypto or sales or something glitzy. But the cautionary tale is like, you know, who are you gonna be competing with in there and where can you really, you know, stand out.   Jesse (3m 37s): Yeah, fair enough. I tried to ask every time I have somebody with your amount of experience in the industry, I find I find the late eighties and early nineties commercial real estate world kind of fascinating. Not just in in North America, but specifically in the, in the kind of Toronto environment. And I find that, you know, younger people in, in the industry, I consider myself included in that. I think it's important for us to understand the history of, of some of the times that we've gone through in real estate, whether that's the early nineties, 2000, 2008 and, and what we're currently doing today.   But I'd like to just get your perspective. Obviously you're working in the industry during that time. Do you see any, any applications or do you see anything that you know, was happening back then that are reminiscent of, of what we're going through today?   Mark (4m 26s): Well, very different back then. Just to touch on what I said a minute ago, apartments in the eighties were the dirty cousin of all real estate sectors. Like nobody wanted to be involved in apartments. So that again, was a reason to go there. And I, I'd like to say I was a visionary and saw that the truth is, I, I got a raise every six months and that's why I stayed in it and by a raise, I mean, all they had to do was throw 500 bucks a year at me and I was there to stay.   Most people my age that had gotten into multifamily and it was starting to happen early nineties, would be lured into commercial immediately. Like if a commercial job was to present itself, you'd leave multifamily, go into commercial, and, and that was the general trend as you aspired to get into commercial in some form, especially office in Toronto at the time. So, so for me, I guess partially because I was, you know, excited to get a raise every once in a while I dragged into the sector longer and the longer I stayed, the more experience I had and the more sought after I became.   Jesse (5m 41s): So in terms of the kind of the history that you had with, with Kareed in, in the career in general, like I come from the, the office world and you know, I, I find it still kind of amazing today that, you know, we're very specific about when we're talking about real estate, whether it's rentable, square feet, everything's per square foot, and I talked to our apartment team and you know, we're going by either the door if it's, you know, by the unit or by the bed if it's student housing. But how, how have you seen that evolve over the last, even, even 10 years in terms of how it's, I feel like it's, you guys have now kind of been more formulaic than you may have been in the past, but it's, there still seems to be a difference between the pure commercial stuff and an apartment world.   Mark (6m 24s): So apartments, I'll give you an idea. Like in 1996, I worked for a company by, by the name of Real start. And one again, one of my career benefits with Real Start is I was hired as one of Canada's first multi province property managers. I was a district manager with Real start, but I was overseeing property in three different provinces. I, I think I was the only one in the country at the time. Okay. So the reason that's important is that the consolidation hadn't even started then.   There was the consolidation of big ownership pools in multifamily has only really happened in the last 15 years if at at most. And that's where all the career opportunities come from. So you've got for the first time a handful of big companies that you can have a, you know, a a traditional career of promotion if you're gonna be an employee, but most of the sector is still private. Most of it still is. And, and it's a great ownership path.   It's a great investment path. It's not necessarily a career path. And, and I think that now in multifamily there are institutional owners like Capri and Starlight Hazel View. You've got all these different companies that are large or, and you can have a progressive career from the entry level right to the right to the top kind of thing. But imagine a, a sector that's as old as real estate and multi-family in particular, where that opportunity's a new one. Still new, very, very few people when we're looking to hire, I, I can't find people with 10 years experience in the industry for senior jobs.   If they have 10 years of experience, they can pretty much name their own price.   Jesse (8m 11s): Yeah. And in terms of the last couple years, it's not, it's no surprise industrial multi-res, there's been some key sectors that have been red hot in terms of the demand, the the actual availability of the space. Why don't you give us a sense in terms of the, the last few years for multi-res, the pricing right now, the valuations that, that we saw. Were we just at a frothy time where the valuations were getting a bit disconnected from, from the actual real environment in terms of the rent?   Or do you have, do you take a different view on that?   Mark (8m 45s): No, I don't think so. I think my view is the institutions called cap rate or others that talk about cap rates, that's our game. The private market looks at price per door. They look at different whole set of different metrics, how much leverage they can get, is there yield spread? They don't care about yields, they just care about paying off their debt and, and they get security when they look at price per door. So when you look at our sector in general, the older assets, like we will say the, the plus 20 year assets are, are even with low capri today, trading at 30% of replacement costs.   In some cases it's basically 30 to 50 across the country. So when 97% of the market is private, like the rates are less than 3% of the market. Just to give you an idea, the apartment reach, now there's other institutional owners, but the REIT sector, all of us combined are less than 3%. Well then we'd be fool hearted to pay attention to just cap rates when the market is valuing apartments differently. So today, when you have the kind of housing crisis you have in Canada, this was, this is not gonna get solved overnight.   This is a a 10 year journey and we might have a chance of seeing some balance, but as the, as we continue to up our immigration numbers and don't outpace our development, we end up with a more and more pronounced problem. And, and so the fundamentals for multifamily are off the charts positive. The only, the only headwind we have is the potential government regulation and additional regulation which doesn't build homes that will not attract capital.   So we're in very, very interesting times right now.   Jesse (10m 31s): So I want to touch on that point. We recently had, Richard a Epstein is a professor of nyu and we were kind of talking about the regulatory environment in the US and Canada, the impact of some of these, the different policies that are being put in place. You were, you were on B N N a little earlier in 2022 discussing this, you know, this regulatory environment. We see this constant headline of affordable housing, the way we get to affordable housing, various pres prescriptive type of policies. But like you said, not necessarily addressing the supply constraints.   What is your view on that? Where, where do we get to a place where we actually can make an impact on, on housing? You know, the affordability aspect and just actually, like you said, building   Mark (11m 14s): Supply is you have to start with supply. Okay, in Canada, we have an affordability crisis and we have a supply crisis. They're, they're siblings, they're not the same thing, but they're absolutely family members. So when it comes to what needs to be done, well supply has to be addressed. So then you go affordability, well that's more of a government decision to help provide supports. Okay. Whether it be building all the housing requirements of Canada, like CMHC puts it at close to $3 trillion of investment that's required.   So the government can choose in a country where our, our debt is now our total lifelong country history debt is at a trillion, are we really gonna go 3 trillion further into the hole for the housing problem or are we gonna turn to the housing private sector to say help? So, I don't know, I've never, there's no example on the, on the history of the planet Earth and no example where the Hubble's telescope is ever seen a planet anywhere where taxes build homes, taxes do not build homes, taxes keep capital aside, uncertainty keeps capital at bay.   A clear path of investment will bring capital to work. So I think instead of like pointing fingers at who, who the boogeyman is, I think that as a country, if we do not awaken to, to the reality that the private sector has to be a big part of this, then, then the country just stays in, in the washing machine and the problem gets worse. You just can't continue to bring people into the country without, without a housing solution.   And we already don't have one for our own people. So we've gotta get focused on supply and, and I've got a lot of different views on, on why that supply problem exists.   Jesse (13m 8s): So I'd like to get into a couple of those, those views in terms of the supply, cuz you know, you hear, you hear a number of different reasons that we believe that the, this is the case. Whether it is the regulatory environment not being able to, to build, not be able to build certain asset classes. What do you see, you know, what's, what's your view on that? If you could name a couple on the supply end,   Mark (13m 30s): I'll give you one that nobody's talking about and hopefully this is interesting. Sure. Taxes, whatever, we gotta get through that gate. But then it's like, why don't we have affordability in housing in Canada? Well the number one distinguishing factor between Canada and the US is the cost of land. But why is land so expensive? We have a lot of empty land. We have a lot more empty land than the US has.   And, and so why? Well, the answer is in part that in Canada, if you need multifamily, it has to be on municipal services. Okay? If it's on municipal services, then you can put multi-family. Now, if you ever thought of it, when you drive in the countryside, you never see an apartment building. Why? Cuz it's not a municipal services. It's not because nobody wants a a sixplex there. It's cuz it's not a municipal services. Okay? So municipal services drives up the cost of land.   Cause municipals are doing nothing. Like they're slow, they're bureaucratic. There's a finite amount of land in our municipalities. Okay? So they have to expand hyper fast so that we can get things. So that's the land price issue. Then you have development fees. So before you even break ground, you in Toronto, you got $250,000 of land cost and $200,000 of, of development fees. Why? Because it has to be on municipal services. Okay. So then you go, well what do you do by that mark?   Well, if you look at the us you know, they, what, think of a, a very robustly built market, Dallas, Texas. Okay? In Dallas, Texas, they have what, what are called muni municipal utility districts muds. And in Dallas, Texas, there's 58 of them right now. And what those are is private sector building, municipal service hyper fast. So the private sector can do it more efficiently than municipalities can and they can do it faster and they can attract capital to do it.   Municipalities are capital constrained, they're efficiency constrained, they're ability constrained. So number one thing we can do is embrace a different way of getting more land to build more. In Canada, we got lots of land. There's no excuse for this. We've got a planning act that makes us put multifamily on municipal services. This is, nobody's talking about this. This is at the core of the affordability issue. Now interest rate Sure. And supply chain issues, sure.   But we, we, we, we can solve those problems. The one problem no one's been able to solve in Canada is land costs.   Jesse (16m 16s): So I'm thinking about some of these more, you know, suburban or rural areas where you actually don't have services. What does that structure look like in terms of actually getting that paid for in terms of, you know, is that something that you give credits to landowners that are there to have it built, but somebody's ultimately gotta pay for these services to, to get built? So you mentioned mud, so a private sector solution. How would something like that work in, in kind of our, our environment, our environment, let's say Ontario. Okay.   Mark (16m 44s): Have you ever been to a cottage? Sure. Have you ever been to a house in the country?   Jesse (16m 49s): Yeah.   Mark (16m 50s): Every single one of those properties is on a well and a septic, every single one without exception. Maybe it's a holding take, maybe it's a weeping bed, but they're all on wells. Okay. So it can be done. You look at manufactured home communities, they're all on, on their own water system. They all have their own private waste treatment. Okay. I love to talk about the example, the piece of land in Berry Ontario, a building lot in Berry Ontario cost about six to $700,000. That's on municipal services.   That exact same size piece of land five minutes away is about $15,000. You can't convince me that it, we know that it costs about $50,000 to private service a lot. Okay. And we know the province overseas, this, this is why I'm such a loud advocate for manufactured housing as part of the solution. It's not the urban solution, but it's part of the solution. We've told government you can have home ownership in Canada for under $200,000. That's the, the cost of a 1300 square foot manufactured home.   Sure it's not the traditional home, but people can get into the home ownership market and they're blocking them out of it right now by not permitting the zoning of these kind of communities. So when you think about it, 30 over 30 million Americans live in a manufactured home. It's been used to treat affordability for decades in Canada. We shut down the sector about 30 years ago and said no more. His multifamily needs to be on municipal services.   Jesse (18m 21s): So if there's such, like take that example, if that delta is that large between 600,000 and and 15,000, wouldn't there be, I'm thinking for just from an economic standpoint, once you have developers coming in and literally paying for those municipal services specifically per project, or is that just, isn't   Mark (18m 37s): That a good idea? That sounds like a good idea.   Jesse (18m 39s): You like that one? I just, I just made it up now I   Mark (18m 41s): Like he's listening to me. But I think it's a great idea.   Jesse (18m 44s): So that, okay, I just on the the other point there, you mentioned development, development cost. So the land cost piece, there's one, they're municipal services on the development cost. I mean, it's just from our, from my point of view, it's so expensive to build in when you hear these stats of how much development cost costs are as a percentage of the project. I don't know how we got to where we got today, but for listeners that don't know, can you talk a little bit about the development charges and costs for doing, you know, any given project, you know, in your portfolio and, and how onerous that is on the, on the developers?   Mark (19m 18s): Well, on the big cities it's over 200,000 a unit. 200 to $250,000 a unit. The land is 200 to 250,000 a unit. We haven't built anything yet. Like, so yeah, reduce those costs and then you've got the hard costs. But if we could knock 30, 35% out the cost of home ownership by being efficient, that's a good start. That helps things out. And then, and then overly supplied market will just bring balance into developer profits. That's a good idea.   So like, we've got answers here. There's a hundred percent answers. It's just sad that we're not embracing these, these solutions. It's, it's, it's instead, you know, on the manufactured home front, I call them tiny eco homes, like 1300 square feet is not actually tiny. It's a pretty decent size livable space, but they're stigmatized. People like to call trailer parks and all this, but forget that if you saw these new homes, you would, you would really have a hard time convincing anybody that they're, you know, a stigmatized way of living. It's dignified living.   Jesse (20m 18s): So we have a, we have a few guests that have come on, just investors in the states, different companies. And manufactured housing is, you know, big topic for a lot of the, a lot of different states for those, you know, when you talk to Canadians about it, it's just something that the average person I find they're not as familiar with and don't even know where it is in Canada. If we even have any you guys have invested in, in manufactured housing, what, what areas are these? You know, are guys everywhere?   Mark (20m 45s): Everywhere. They're, they're, they're, they're ideally saluted suited in remote locations where you can't get a carpenter, you can't get a brick builder, you can't get a whatever. They're built in a controlled environment and moved. So they're perfect for those locations. They're also perfect for rural locations. Like I, we have three communities outside of Aurelia and Barry. Okay, perfect locations, they're affordable. The people don't have to buy that $600,000 piece of land. They can rent that land, okay for two or $300 and they can buy a new home for $200,000.   This is extreme affordability. They don't have the capital outlay for the land and they do for the home, but they have a serviceable amount of debt less than the cost of rent. So, so why not give people the option? It's regulated by the province. There's with brand new infrastructure, you don't have the risk of aging infrastructure communities. And, and, and it's, it's kind of like there's no excuse quite frankly that we're not doing this and to say, oh, we don't know about it. Well, Canada was doing this for decades until planning acts were changed.   So that multi-family had to be on municipal services.   Jesse (21m 55s): And when did   Mark (21m 56s): All this, all this untapped land,   Jesse (21m 58s): When did that, that, sorry to interrupt. I was gonna say, when did that happen? Were we, were, we basically mandated that it had to be on municipal   Mark (22m 5s): In the eighties when housing was affordable. Hmm. Don't remember in Canada, like immigration was never a topic because we had affordable housing. We've, we've hit the tipping point here, you know, probably 20 years ago and nobody woke up and now we're in a catastrophe and we're making it worse by, by putting more people in ho in homeless situation.   Jesse (22m 26s): So what do you see Mark, as the kind of going forward, if, if something isn't done here, is, is it the political will that's, that's kind of inh hindering this is, is it other factors that, that are really stopping us from being able to kind of push forward with some of these prescriptions?   Mark (22m 42s): I think, I think the narrative of blaming REITs or blaming parties is failing fast. I think nimbyism is quickly disappearing because the, the, the situation has become dire. So I'm hopeful that it takes a good reset to get, get people thinking I am, I'm frustrated by personality type, but I, I find it hard to believe that when we've got like such obvious examples that we can duplicate like municipal unit utility districts and manufactured homes as a, a solution and, and the whole host of things that we can do.   And we're not doing any of it. Not in event like we're talking, but problem. And I think I hopefully we're getting beyond the finger pointing and getting onto solution phase. But anybody in real estate I think owes Canada the obligation of speaking up. And I keep saying this, like we've gotta stop being polite about it. Like people need to start asking hard questions in public about why we're not pursuing solutions. So there are, there, there are, like the province of Ontario has, has, has, has taken action.   And, and that's, that's a, a decent step, but I think it, it it's, it's all hands on deck. Like as the, the REIT community, for example, REIT sector in Canada has 230,000 units planned of new, new apartment development. Now that's not just the apartment REITs, that's the, the diversify its as well that's in the pipeline and the government's talking about taxing REITs. So, so that's gonna disappear. So we got a pipeline and a and a and a and a and a solution.   But we've got, we've got a narrative around, I don't even know what it's around anymore that REITs are destroying affordability. Like if that's the case, then what's going on in Canada right now?   Jesse (24m 29s): When you say tax rates, you're talking about losing the kind of the flow through status that they were pretty much created for.   Mark (24m 35s): I think, I think there's a narrative that REITs don't pay tax and that's not true. Our unit holders pay income tax, those income tax rates are higher than corporate tax. Yep. So it's a narrative around big is bad, but we're tiny and, and, and we're not bad. So instead of like picking on big, I think pick on bad behavior is what I'm an advocate for. Like if there is bad behavior by actors out there, then those actors should be, should be corrected. But you can't, you can't chase someone because they're perceived as being a large entity.   You need to chase someone cuz their behavior is bad. So I'll give you an example. Cabret is only doing new construction apartments now. That's all we do. We're not buying the value add assets anymore, we're selling them. So how is this bad for Canada at a time when we're like, I don't understand, I'm lost.   Jesse (25m 25s): Yeah. Can't have it both ways.   Mark (25m 27s): You can't have it both ways.   Jesse (25m 29s): So Murray, I wanna be mindful of the time here, but I do want to talk a little bit on a positive note in terms of the, the projects that Capri is working on. Anything exciting in the pipeline that you'd, you'd wanna mention and you know, maybe even touch a little bit? I've know, I know that you're in Ireland in the Netherlands, which is kind of cool. I don't think we hear enough about that locally. So I'll Yeah, I'll let you go there.   Mark (25m 52s): Well our focus is really on Canada cuz the crisis is here and, and we have to contribute in any way we can here. So what I get very excited about is that we are still, we're doing quite a bit of disposition work, selling some of the older assets. I'm a big advocate for putting those assets in nonprofit hands. If you want to solve affordability, why not go to a targeted neighborhood that has affordability pro problems? Why not? Why not help those people?   And, and, and you can do it now and fast. I don't understand why you build something for a hundred cents on the dollar when you buy for something for 30 cents on the dollar now in a neighborhood that needs help. So I'm excited about that, that conversation and we're getting great, great traction with government finally understanding that this is a, a part of the solution. It's not, not not gonna solve affordability crisis, but it'll help some folks that are distressed potentially. And it's better than building new, I think I'm very excited about.   There's been a bit of a move away from Nimbyism and more into getting good entitlement and we're getting that on our land. So I'm very hopeful that those entitlements will, will obviously help the supply scenario whether we build on it or someone else does. We're doing our part in getting it ready for the market. And I feel very, very good about just, you know, always being a Canadian in the fundamentals of Canada. So I think that we're in, you know, living in one of the world's greatest countries and you know, the, the prospects and the fundamentals for real estate in this country are, are best in the world probably.   And everybody wants to live here. I think that, you know, as Canadians we are, we, we have proven that we can wake up from time to time and I think we're in that awakening stage right now of really getting serious to solve the problem.   Jesse (27m 41s): Fair enough. One thing I'd, you know, I'd be remiss if I didn't ask you about the, the current interest rate environment and kind of, you know, the feds just announced the 25 basis point raised recently. You mentioned, I I've, I've read an article, either an article or there was something that you were talking about last year where Capri is, if not the leader, one of the longest debt companies. In terms of, in terms of your capital structure on the debt side, what do you see 20 23, 20 24, how do you see this environment playing out in terms of interest rates?   Mark (28m 15s): Well, our, we always do 10 year money when we buy. We always model that. We always do that on renewal. We're always inclined to do 10 or 15 year debt. So our ladder is long and our leverage is low. We have the lowest leverage of our peers and we have the longest debt ladder of our peers. That's great. We also have a very active disposition program in the affordable market. We're seeing lots of private buyers. Oddly enough, it's not in the core apartment market, it's in the affordable apartment market.   It's a very strange phenomenon and in part it's because a lot of these private guys were never invited to bid in the past and they're just anxious to be able to get their hands on some of this property and they love the price per unit. So as we're selling out of the, of the lowest here rent wise of the market, we are able to defer even further our, our refinancing requirements. So we're staying out of the debt market with the bet that things will improve in, in 2024 and beyond.   But it's all, it's all a matter of inflation data. You just gotta watch that inflation data inflation's coming down, then hopefully we see a return to, to more normalized rates. But I think that, you know, we're not gonna settle where we were. I I I see, you know, the return of 10 year high 3% rate money for multifamily.   Jesse (29m 41s): That makes sense. So Mark, we always wrap up with a couple quick questions for our guests. I'll, I'll start off here. What would you tell somebody that is getting into our industry, whether it's in multi-res or commercial real estate in general, you know, what advice would you give them?   Mark (29m 59s): Stick. Stick. If you love it, stick with it. You know, the advice I had way back in the day was that, you know, points of my career, I love my job and I didn't like my boss. That doesn't mean leave the sector, okay? It means get a new boss. So you do have control of that, but if you don't love what you do, don't do it. You got it's okay to make change and find, find what you love to do. If you do love what you do, don't give up. Stick with it. I, I have without exception, a group of friends go back to high school that have all achieved success.   Well, the ones that achieved success and the ones that stuck with, with, with what they like doing and if they stayed in the area, the, the market finds that, that enthusiasm, the market finds the talent. You have a responsibility to go seek out your best option. But don't seek it out too often cuz you had a bad Thursday afternoon. You know, don't be afraid to, to build some grit. But when you have to make those strategic changes, when, when, when it's just not working. If you don't like your boss, change, change your boss.   Jesse (31m 4s): What is a book, podcast newsletter that you'd recommend to listeners?   Mark (31m 8s): Too busy working. I, I don't, I don't know. This one seems pretty good.   Jesse (31m 12s): My guest today has been Mark Kenny. Mark, thanks for being part of Working Capital.   Mark (31m 15s): Thanks for having me.   Jesse (31m 24s): Thank you so much for listening to Working Capital, the Real Estate podcast. I'm your host, Jesse for Galley. If you like the episode, head on to iTunes and leave us a five star review and share on social media. It really helps us out. If you have any questions, feel free to reach out to me on Instagram, Jesse for galley, F R A G A L E. Have a good one. Take care.  

Download my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflation What's your outlook for Multifamily? In today's episode, we talk to our panel and find out what they see for multifamily in 2023. What should you as an investor be aware of? The risks? To buy, hold, or sell? Tune in now to know about key insights on networking and finding deals. Ken McElroy got his start during college, when he took a job managing an apartment complex. The turning point came when the property owner dropped by the office to pick up his check for the month. Ken decided that one day he would be on the other side of the desk, picking up his own check. Fueled by determination, Ken bought his first investment property. It was a small property that barely turned a profit, but it didn't matter. Ken was hooked. Since then, Ken has experienced great success in the real estate world – from investment analysis and property management to acquisitions and property development. Together with his real estate investment company, MC Companies, Ken has transacted over $1 billion in real estate. Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Besides being one of the most in-demand speakers in commercial real estate, Neal is a data guru, a process freak, and an outsourcing expert. Neal treats his $1 billion-dollar portfolio as an ongoing experiment in efficiency and optimization. Neal serves as CEO / Founder at Grocapitus, an iconic, data-driven commercial real estate investment company. Mark Kenney is Co-Founder of Think Multifamily and has invested in 1,300 units. He has a top-notch reputation among the multifamily investment community for providing exceptional value to investors and the community while being easy to work with. Think Multifamily acquires, owns and operates multifamily apartments in promising areas in order to provide otherwise unobtainable real estate investments with reduced risk to their clients. Think Multifamily also provides innovative technology to help revolutionize the way multifamily real estate investors and deal sponsors acquire and invest in opportunities. 01:18 - Guest Introduction: Ken McElroy, Neal Bawa and Mark Kenney 02:42 - A high-level overview of what investors should be aware of 14:19 - Highest or lowest risk type of deals 22:04 - What's the lag effect? 30:30 - The bipolar market 35:44 - Buy more, hold what you have, or sell? 47:11 - Construction costs in the next 12 months 51:52 - Will rents continue to rise to catch up? 54:21 - Networking and finding distressed deals 58:20 - Outro Connect with the Guests: Ken McElroy Website: https://kenmcelroy.com/ Linkedin: https://www.linkedin.com/showcase/kenmcelroy/ Instagram: https://www.instagram.com/kenmcelroyofficial/ Neal Bawa Website: https://multifamilyu.com/ Linkedin: https://www.linkedin.com/in/neal-bawa/ Instagram: https://www.instagram.com/nealbawa/?hl=en Mark Kenney Website: https://thinkmultifamily.com/ Linkedin: https://www.linkedin.com/in/mark-kenney-a86858124/

Welcome back investors. Today we hear from our own, Mark Kenney in this part 3 interview by fellow Apartment Investor and Managing Partner of The Cash Flow Champs Multifamily Summit, Ryan Murphy. We'll find out why Mark left his successful career in IT to pursue full-time investing and how he has since purchased over 16,000 units making him one of the most sought-after Multifamily Coaches and Investing Partners. Stay tuned to learn Mark's business plan, best practices, and tips for cash flow through real estate investing… 125 TIPS, to be exact, are revealed in this 3-part episode. THIS EPISODE'S GUEST: Mark Kenney https://thinkmultifamily.com

There can be advantages to investing in uncertain market conditions, rather than completely turning yourself off to new opportunities. Mark Kenney, the Co-founder of Think Multifamily, subscribes to the theory that there are quality deals to find in any market cycle. In this episode, he joins Jim Pfeifer to share with us his incredible journey and the unique process he follows in investing and sourcing multifamily properties - often dealing with multiple offerings at the same time. Mark discusses bridge debt and explains why he is still using it effectively in certain situations. He has a positive track record in multifamily and he has experienced a lot of success, but he is willing to admit that there is more out there to learn. He is carefully bold in uncertain times, which can set him up to capitalize on market inefficiencies. Follow along to this conversation to learn more! 

Welcome back investors. Today we hear from our own, Mark Kenney in this part 2 interview by fellow Apartment Investor and Managing Partner of The Cash Flow Champs Multifamily Summit, Ryan Murphy. We'll find out why Mark left his successful career in IT to pursue full-time investing and how he has since purchased over 16,000 units making him one of the most sought-after Multifamily Coaches and Investing Partners. Stay tuned to learn Mark's business plan, best practices, and tips for cash flow through real estate investing… 125 TIPS, to be exact, are revealed in this 3-part episode. THIS EPISODE'S GUEST: Mark Kenney https://thinkmultifamily.com

Welcome back investors. Today we hear from our own, Mark Kenney as he's interviewed by fellow Apartment Investor and Managing Partner of The Cash Flow Champs Multifamily Summit, Ryan Murphy. We'll find out why Mark left his successful career in IT to pursue full-time investing and how he has since purchased over 16,000 units making him one of the most sought-after Multifamily Coaches and Investing Partners. Stay tuned to learn Mark's business plan, best practices, and tips for cash flow through real estate investing… 125 TIPS, to be exact, are revealed in this 3-part episode. THIS EPISODE'S GUEST: Mark Kenney https://thinkmultifamily.com

Mark Kenney is a seasoned real estate investor, entrepreneur and founder of Think Multifamily. Mark started his real estate career over 25 years ago and has extensive experience in property valuation, acquisition, and operations.     Quote:  Seller expectations have changed a lot. They are much more likely to negotiate and work with us in today's market.   Highlights:   09:40: What Mark's business looks like in the current market 22:00: The current demand for rental properties 24:10: The adjustment of seller and investor expectations 26:00: Changes to the number of interested properties in multi-family deals 28:20: Readjusting hold periods to adapt to current market conditions 35:05: Mark's advice for limited partners and what they should expect from a syndicator   Guest Website: https://thinkmultifamily.com/   Recommended Resources:  Accredited Investors, you're invited to Join the Cashflow Investor Club to learn how you can partner with Kevin Bupp on current and upcoming opportunities to create passive cash flow and build wealth. Join the Club! If you're a high net worth investor with capital to deploy in the next 12 months and you want to build passive income and wealth with a trusted partner, go to InvestWithKB.com for opportunities to invest in real estate projects alongside Kevin and his team.  Looking for the ultimate guide to passive investing? Grab a copy of my latest book, The Cash Flow Investor at KevinBupp.com.  Tap into a wealth of free information on Commercial Real Estate Investing by listening to past podcast episodes at KevinBupp.com/Podcast. Learn more about Kevin's investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com.

Welcome back investors. We're back to answer your multifamily investing questions in this episode of Ask Mark Anything. We believe earning passive income through Multifamily Investing is the absolute best path to financial freedom over time. BUT…It is not without some challenges, especially for the more novice investor. With that said, solid advice from an experienced multifamily mentor can help you reduce your learning curve & avoid some of the obstacles. So, today, apartment investing veteran, Mark Kenney addresses your biggest investing challenges with his 30 years of Multifamily experience.   THIS EPISODE'S GUEST: Mark Kenney https://thinkmultifamily.com

Welcome back investors. We're back to answer your multifamily investing questions in this episode of Ask Mark Anything. We believe earning passive income through Multifamily Investing is the absolute best path to financial freedom over time. BUT…It is not without some challenges, especially for the more novice investor. With that said, solid advice from an experienced multifamily mentor can help you reduce your learning curve & avoid some of the obstacles. So, today, apartment investing veteran, Mark Kenney addresses your biggest investing challenges with his 30 years of Multifamily experience.   THIS EPISODE'S GUEST: Mark Kenney https://thinkmultifamily.com

Hey investors! Welcome back to another episode of “Ask Mark Anything”, in which we will have the pleasure of asking the founder and CEO of Think Multifamily questions about real estate investing. So, grab a notebook, and stay tuned for this Q&A session with your host and expert multifamily investor Mark Kenney. THIS EPISODE'S GUEST: Mark Kenneythinkmultifamily.com

How Multifamily/Apartment syndication works and how to invest on it with Mark Kenney!   HABLEMOS DE REAL ESTATE "EL SHOW" MISION:⠀ ⠀ La mayoría de personas que quieren invertir en Real Estate no saben por dónde empezar por esa razón muchos nunca lo hacen, en Hablemos de Real Estate proveemos cursos y mentorías de como invertir fácilmente y lograr la libertad financiera.⠀   #hablemosderealestate #carlosamaya #realtorlife #realestate #PODCAST #Casamericateam #podcastlatino #PODCASTESPAÑOL #bienesraíces #agenteinmobiliario #realtor #inversion #ventas #consejosdevida #exito #inversionistaslatinos #realestateinvesting #latino⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ #finanzas #crecimientopersonal #newyorkhomes #newjerseyhomes #ShortSale #Foreclosure #Multifamily #cashflow #Dejardeserempleado #trabajarmenos #millonario #inversionista #MattFaircloth #BiggerPockets #RaisingPrivateCapital #TMF #FSG #Markkenney #Multifamily

In this Topical Tuesday's episode, I spoke with Mark Kenney who is the Co-Founder of Think Multifamily, where he provides exceptional value to investors, and has invested in over 4,000 units. Be sure to tune in if you're interested in learning about: What the typical progression looks like for someone to go from no experience to multifamily sponsor What the most critical skills are to be developed to become a multifamily sponsor Tips and tricks for aspiring multifamily sponsors to learn and scale rapidly Common pitfalls for new sponsors attempting to scale too quickly The critical importance of relationships in partnerships when starting out as a deal sponsor To your success, Tyler Lyons Interested in investing in ATMs? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Many people jump into real estate investments without doing enough due diligence, weighing the risk versus the reward, don't have the long-term view and are just hoping to make easy money. All of the abovementioned habits and mindset are potentially dangerous. One thing that aspiring Limited Partners should do first is to educate themselves more about the world of real estate before risking their hard-earned money.In today's podcast episode, we interview our guest Mark Kenney, CPA and Co-Founder of Think Multifamily. Today's topic is focused on Mark's useful tips for aspiring Limited Partners, the importance of due diligence before jumping into a real estate investment, and the significance of knowing capitalization (cap) rates.Read the FULL PODCAST EPISODE SUMMARY HERE!

Hey Investors. Higher rates and cut proceeds are causing a lot of strife in our beloved apartment investing industry. Mark Kenney talks about the hits his investments are taking and the obstacles he's encountering as of late. Find out how the market is being economically impacted, what to expect from Multifamily lending, and how to roll with the punches. Is the sky REALLY falling? Stay tuned.   THIS EPISODE'S GUEST: Mark KenneyThinkmultifamily.com

Welcome back Investors. Property Insurance - you HAVE to have it. So, naturally, we turned to the guy WE use EXCLUSIVELY for our investment property insurance needs here at Think Multifamily. Today, host Mark Kenney, is joined by Chief Insurance Officer and Risk Specialist, Matt Sutika, to discuss the most relevant factors involved when insuring apartment complexes in today's market. Which geographic areas are the toughest to insure? What do lenders now require for coverage on Multifamily properties? When and how to push back in order to speed up the process and get the best rate? All these questions and more answered in just a moment.   THIS EPISODE'S GUEST: Matt SutikaMatthew@obierisk.com 312-877-2692ObieRisk.com

Welcome back investors. Ever wish you could pick the brains of active, successful Multifamily Investors? Maybe you've been considering an apartment investing coaching program, but you can't quite envision your place in one. Then, stay tuned for a rare opportunity to sit in on a real training call with Multifamily Mentor, Mark Kenney. Today, we're granting you exclusive access to a Think Multifamily group coaching call in this never-before-aired training session on Asset Management. Join Mark and the Family Syndication Group as they discuss buttons to push and landmines to avoid when it comes to multifamily asset management.   THIS EPISODE'S GUEST:   Mark KenneyFamily Syndication Group

Welcome back investors. Ever wish you could pick the brains of active, successful Multifamily Investors? Maybe you've been considering an apartment investing coaching program, but you can't quite envision your place in one. Then, stay tuned for a rare opportunity to sit in on a real training call with Multifamily Mentor, Mark Kenney. Today, we're granting you exclusive access to a Think Multifamily group coaching call in this never-before-aired training session on Asset Management. Join Mark and the Family Syndication Group as they discuss buttons to push and landmines to avoid when it comes to multifamily asset management.   THIS EPISODE'S GUEST:   Mark KenneyFamily Syndication Group

Getting the attention of a broker in any market is both an art and a science. Honing a good relationship with them is crucial as working with a broker is an essential step to secure a successful deal in real estate. Today, we look back at our conversations with seasoned real estate entrepreneurs Mark Kenney and Alex Olson. They give valuable tips on how you can build a good relationship with brokers and at the same time, get their attention even in a hot market.Mark emphasizes the importance of building relationships and being kind and fair to those you work with. Meanwhile, Alex digs deep into the complex relationship between investors and brokers and vice versa. Click the play button now and start honing a good relationship with your broker today!

Welcome back investors. You're tuning into part 2 of the, “Multifamily Secrets from Best-in-Class Operators” series. Join Think Multifamily's, Mark Kenney and fellow apartment investors, in this panel discussion on getting started and going BIG investing in apartment complexes, and best practices for operating such investments.   THIS EPISODE'S GUEST: Mark Kenney Bronson Hill Kyle Mitchell Reed Goossens

Welcome back investors. With no crystal ball to tell us what the future holds for Multifamily Investing, the best predictions come from those who are practicing multifamily operators. Today you'll hear from Think Multifamily's founder, Mark Kenney, in this webinar replay of panel experts including Bronson Hill, Kyle Mitchell and Reed Goossens. Join the guys in this exclusive session covering everything apartment investing from best practices and interest rates to current trends and inflation impact.   THIS EPISODE'S GUEST:   Mark Kenney Bronson Hill Kyle Mitchell Reed Goossens

This week's guest Mark Kenney shares his bad beats story. It all started by working with a partner he had done deals with before, syndicating the deal and raising capital from other people. Tune into this week's episode and learn from Mark's mistakes in sniffing out a con artist. When these deals go south it is generally not a problem with the property but with the people involved.

Brent Kawakami is the VP of Acquisitions for Think Multifamily, a Multifamily Investment company that provides opportunities to invest in B & C class apartment buildings in Cash Flowing markets. Brent's role encompasses a plethora of responsibilities, ranging from asset management, to investor relations, and marketing. In this episode, Brent details his journey from corporate America to full-time multifamily investing. He also dives into how he met his current partner, Mark Kenney. In this episode, you'll learn about the benefits of real estate over other asset classes, why Brent likes multifamily over single family, how he approaches “conservative underwriting,” and the economies of scale of multifamily real estate. This is an episode you won't want to miss!Contact Brent:Brent@thinkmultifamily.com

Mark Kenney More than 25 Years of Experience in Real Estate investments Today Dr. Allen chats with Mark Kenney, a seasoned real estate investors and the co-founder with his wife Tamiel of Think Multifamily, a leading Multifamily Acquisition & Education company that prides itself on a family-oriented approach to business. Mark and Tamiel have invested in 10000+ apartment units, providing clients with the opportunity to invest with confidence through syndication at a reduced risk, and steady returns. Mark started his real estate career over 25 years ago and has a passion for helping others succeed in the multifamily arena. He has built a dynamic organization that provides both educational resources and investing opportunities to meet every investor's needs at each stage of their investing journey. In today's chat, listen to Mark's inspiring and successful journey of a real estate investor. Mark stands firmly behind a business model promoting integrity, authenticity, family values, and servant leadership. 3 Key Points from the episode: 1. Real estate investment provides you significant amount of tax advantages. 2. Real estate investment provides you the opportunity to exponentially increase your net worth. 3. Pick only those deals that suit you and fills your basic criteria. Connect with Mark: www.thinkmultifamily.com/ mark@thinkmultifamily.com