193 | Thriving in Competitive Real Estate Markets with Chris Stout
51m
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Making Money in Multifamily Real Estate Show
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Chris Stout, the principal at Stout Cap. With two decades of experience in residential construction and over a decade of experience as a multifamily investor, Chris shares his expertise on identifying well-maintained properties and development opportunities, as well as the benefits of a construction background in the industry. Learn valuable insights into his preference for 2000s builds and how staying ahead in real estate acquisition is essential for success.
We discuss various loans available for residential construction and multifamily investment, and the importance of underpromising and overdelivering when it comes to fiduciary responsibility. Chris enlightens us on how fixed rate bridge loans and lines of credit for capital expenditures can help investors stay ahead of the competition. We also delve into the significance of staying in touch with brokers and doubling down on relationships in order to succeed in this competitive market.
Join us as we explore the emotional roller coaster of entrepreneurship and the key to pushing through difficult moments. Chris shares his personal experience of cold feet before closing a deal and the importance of buying the right thing. We also touch on market volatility, the need to stay persistent when making decisions, and how understanding the explanations for various opportunities can help increase the chances of success. Don't miss out on this informative and engaging conversation with the highly experienced Chris Stout!
Highlights:
0:03:37 - Investing in Development and Newer Builds
0:09:55 - Skepticism in Business Decisions
0:17:06 - Staying Ahead in Multifamily Brokerage
0:22:34 - Investing in New Construction Projects
0:25:22 - Proving Yourself Before Securing Investors
0:33:19 - Rules for General Partnership Equity
0:36:16 - Overcoming Fear in Real Estate Deals
0:42:30 - Learning From Past Investment Mistakes
0:47:40 - Pivoting to New Asset Classes
Chris' Website:
StoutCap
*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.
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200 | Thank You
While I have truly enjoyed hosting the show over the last several years. I have found it a good time to stop producing episodes.
As our real estate business develops and changes. I have to be very careful with where I spend my attention and energy. And unfortunately, I think the podcast is one of the things that I don't think I can continue without sacrificing other areas of our business.
I am super, super grateful for what the show has given me over the last several years, including a lot of my own education. A lot of great relationships that I've built.
I hope that in turn, the show has given you some value, whether it's something you learned, someone you ended up reaching out to, whatever it may be.
I'd like to thank you for listening and if we haven't connected and you want to stay in touch be sure to reach me at [email protected] or through our website davidtravis.com.
Thank you
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