Residential Investor Turned Highly Successful CRE Developer - Multifamily, Senior Living, and Student Housing

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 7 January 2020

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our guests for this week’s show is Real Developer and founder of Rooney Properties, Jim Rooney

Rooney Properties is a Wisconsin-based development and management firm, specializing in multifamily, senior housing and student housing projects. Over the last 25 years, the team has been responsible for the development of hundreds of millions worth of projects.

What You’ll Learn:

How Jim got started initially in the sales side of residential real estate prior to moving into the investment side of the business.
How to leverage an entry level position with a property management company to get firsthand experience in the operations and management side of whatever asset type you are seeking to own.
How Jim was able to make it through the 2008 downturn even though he had a significant amount of undeveloped land, which was a major liability.
The importance of establishing local banking relationships and how these key relationships helped provide funding to Jim’s business during very critical times, more specifically, the great recession.
What criteria Jim used to determine demand when seeking a new market to development multifamily in. It’s a very simple, yet powerful formula.
How to properly budget the necessary timeframe during the construction and lease-up phase when developing multifamily
In-house construction company or outsourcing to a general contractor, which Jim prefers on his new developments and why
His involvement in the student housing business and senior living and why he’s equally as excited about these assets as he is multifamily.
And much, much more…

Recommended Resources:

Check out our company and our investment opportunity by visiting SunriseCapitalInvestors.com
Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals!
Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them Click Here
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.6	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real Estate
0:34.1	Investing for Cashflow podcast.
0:36.0	Our mission is to help you build and maintain massive amounts of cash flow through income producing real estate investments.
0:42.6	Now, our guest for this week's show is a real estate developer and founder of Rooney
0:46.4	property's Jim Rooney. Now, Rooney Properties is a Wisconsin-based development and management
0:51.3	firm, specializing in multifamily, senior housing, and student
0:54.9	housing projects.
0:56.2	Now, over the last 25 years, the team has been responsible for the development of hundreds
1:00.4	of millions of dollars worth of projects.
1:02.3	Now, here's what you're going to learn in our show today with Jim.
1:05.0	You're going to learn how Jim got started initially in the sales side of residential real estate
1:08.7	prior to moving into the investment side of the business.
1:12.1	Even more interesting than that, he was a pipeline laborer prior to getting into real estate.
1:17.9	You learn how to leverage an entry-level position with a property management company
1:22.2	to get firsthand experience in the operations and management side of whatever asset type you're seeking to own.
1:28.1	For example, if you want to own multifamily apartment complexes, then go get a job as a leasing
1:32.9	agent at a large apartment complex. We're going to talk about that in the show as well.
	...

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