RCRE - Acquiring In Lexington with Ken Silvestri and Robert Jones

Jake and Gino Multifamily Investing Entrepreneurs

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5 • 831 Ratings

🗓️ 24 June 2020

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Taravella interviews Ken Silvestri and Robert Jones of Silvestri Real Estate Team. Key Information: The University of Kentucky, a Toyota plant, and tech companies are contributing to diverse job growth in Lexington. The job growth has brought a lot of demand for housing with limited supply. Buyers are growing an appetite for post value add products. Why being a good resource for investors will help you down the road.. Underwrite quickly for off market deals. Be honest with brokers so they understand what kind of deals they need to bring to you. Brokers want someone who understands the market and who they can count on to close a deal. Expert Pro Tip: “Be Transparent” Contact Information: Office: (859)-263-2300 https://silvestrirealestate.com/multifamily/ To register to invest with us: https://invest.randpartnersllc.com/invexp/accounts/login/ Rand CRE's Facebook: https://www.facebook.com/randcre Rand CRE's Linkedin: https://www.linkedin.com/company/randcre Rand CRE's Instagram: https://www.instagram.com/randcre

Transcript

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0:00.0	Welcome to the RANCRE show, commercial real estate with no stone left unturned.
0:07.0	Hi everyone, welcome to the RANCRE show.
0:12.0	I'm your host Mike Taravella and I'm super excited to have our rock star guest today.
0:19.0	We have Ken Sylvesteri and Robert Jones of the Sylvesteri group. Guys,
0:23.2	how's it going today? Great. Good morning. Wow. Good to see you, Mike. Nice to see you as well.
0:28.3	I'm super excited to have you guys on. The Sylvesteri group is based in Lexington, but they focus on
0:34.9	Louisville, Bowling Green, and Northern Kentucky.
0:40.2	And they're just a phenomenal group to work with.
0:44.1	We met them last year when we're checking out Lexington as a market, very knowledgeable,
0:49.5	great resource, and just a great group of guys and continue the relationship at NMHC.
0:52.6	And just they're doing great things down in Lexington.
0:55.1	So super excited to have you guys on and just would love to hear more about the Sylvester group and what you guys focus in on.
0:59.0	Okay well if it's okay I give you maybe just a little bit of background. Yeah. I started
1:06.0	actually in real estate here in Lexington in 1990. Prior to that I was actually a door-to-door cable TV salesman.
1:14.1	So I knocked on every door in Lexington probably two or three times, got to know that. And
1:20.4	the sales manager said, well, now he wanted to just start installing cable TV after we sold it.
1:26.6	I said, well, forget that.
1:28.2	And I said, listen, and I clicked my pen.
1:30.3	I said, this is the only tool that I know how to use.
1:33.5	And so I gave you my resignation right there, bought a BMW and started selling residential real estate in 1990.
1:41.0	And so in 1995, 1995 made it to number three in the entire United States. It remaxed
1:49.9	out of 41,000 agents. And the secret sauce was just having one massive marketing, knocking on
	...

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