Chris Lento, our founder, joined the Westside Investors Network (WIN) podcast hosted by Trent Werner to share his journey from aerospace engineering to real estate investing.
Key Highlights:
- Transition from Aerospace to Real Estate:
- Chris spent 17 years in aerospace engineering, working on defense contracts like submarine-launched missile systems.
- Real estate began as a side hustle with his first three-family property in Boston and evolved into a full-time career in 2017 with 30 units under his belt.
- Insights on a Challenging 67-Unit Deal in Kentucky:
- Chris’ first syndicated deal was a 67-unit property with deferred maintenance and management issues.
- Operational hurdles included cycling through five property managers in five years and addressing foundation issues.
- Despite challenges, the property is set to sell for $61,000 per door (originally purchased at $28,000 per door), delivering strong returns for investors.
- Strategic Market Focus:
- EM Capital targets “Goldilocks markets” offering a balance of cash flow and appreciation.
- Chris focuses on major markets with population growth, economic stability, and accessibility, primarily east of the Mississippi
- Leveraging Technology:
- Excited about innovations in AI and real estate tech, Chris sees the industry shifting towards more efficient operations and accessible investment opportunities.
- Building for the Future:
- EM Capital manages 600 units across eight properties valued at $100M, with plans to expand and adapt to market changes while staying investor-focused.
Chris’ journey from engineering to multifamily real estate is a testament to the power of strategic thinking and resilience. As EM Capital continues to grow, its success serves as an inspiration for anyone looking to achieve financial freedom through real estate investing.
Connect with Us:
For more insights, visit our website.
Connect with Chris Lento: LinkedIn.
Listen to the Full Episode: Available on Apple and Spotify.
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