Ep #724 - Prepping For The Coming Depression

Lifetime Cash Flow Through Real Estate Investing

Rod Khleif

Passive, Estate, Family, Business, Management, Income, Multifamily, Apartment, Education, Multi, Property, Commercial, Real, Investing, Investor

4.8 • 1.4K Ratings

🗓️ 16 August 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sterling is a multifamily investor specializing in value-add apartments in Indianapolis and other Midwestern markets. With just over a decade of experience in the real estate industry, Sterling was involved with the management of over $10MM in capital, which is deployed across a $16MM real estate portfolio made up of multifamily apartments. He founded Sonder Investment Group through the company he owns just over 500 units. Sterling was featured on the Bigger Pockets Podcast and has been a top contributor since 2014, with over 200 posts on topics ranging from single-family investing and apartment investing to wholesaling and scaling a business online.

Doing What Others Won’t To Be A Success
Where We Are In The Market Currently
Bridge Debt and Cap Rates
Opportunity Is On It’s Way With The Coming Dip
Creating Reach In Multifamily

To find out more about partnering or investing in a multifamily deal: Text Partner to 72345 or email [email protected]

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Transcript

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0:00.0	So I am excited. Why am I excited? Well, in the last year, my partner Scott and I have
0:07.0	only about one asset, a beautiful 296 unit asset in San Antonio that broke even day one
0:13.5	at 59% economically occupied. And of course, it's a lot better than that, even now with
0:18.2	our rent increases. Now, we've been very close on deals. We've been in the best and final
0:23.0	in the bidding process only to be shocked at what they ultimately sold for. So why am I
0:28.4	bringing this up? Well, I'm bringing this up because things have really opened up. Sellers
0:33.1	are being more realistic. And now we've got an incredible B class, beautiful 145 unit
0:38.6	asset and Nashville under contract. See, this thing was built in the mid 90s. The returns
0:43.7	were projecting are just fantastic. So if you're accredited, you should absolutely check
0:48.3	it out. Text the word partner to 72345. And you can watch the webinar we did on it or you
0:54.5	can get on a call with my team. That's a very conservative deal. We're putting new 60%
1:00.6	loan to value debt on it. And it's got long term fixed interest rate. That's right.
1:06.0	You heard me right. Only 60% loan to value. And even with that debt, we're projecting an
1:10.0	8 to 10% cash on cash return a 16 to 19% internal rate of return in 20 to 22% AAR. So if
1:17.7	you've got money sitting there, don't let inflation eat it up. This is a good one. And
1:22.1	an incredible hedge against inflation. So don't wait. It will fully subscribe quickly.
1:26.6	So again, text partner to 72345 or you can go to see our ee capital, create capital.
1:34.0	And we'll talk soon. All right, let's get to it.
1:38.4	Welcome. This is the lifetime cash flow through real estate investing podcast. This is where
1:44.2	you'll learn strategies to help you achieve lifetime financial freedom through real estate
1:48.2	investment. Your host, Rod Cleef, has owned over 2,000 homes in apartments. And he brings
1:54.9	experts in all aspects of real estate investment and management onto the show. Now, here's your
	...

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