Submarines To Syndicates RE Property Power Play

Date
2024-06-14

Chris Lento, founder of EM Capital, recently shared his multifamily real estate journey on The Jake and Gino Show. Chris transitioned from working for a defense contractor to building a successful real estate investment portfolio. He emphasizes the importance of education, networking, and strategic thinking in achieving real estate success.

Key Highlights:

  1. Engineering Beginnings:
    • Chris started his career as a mechanical engineer working on defense projects for the US Navy.
    • While living in a Boston three-decker apartment, he recognized the potential of real estate investment.
  2. First Investment:
    • Purchased a three-decker in Boston with an FHA loan, generating positive cash flow from renting out units.
    • Continued to expand his Boston portfolio over the next few years.
  3. Navigating Challenges:
    • The 2008 financial crisis temporarily halted his real estate ambitions, but provided valuable learning opportunities.
    • Managed Boston properties remotely after moving to Washington, D.C., and transitioned to third-party property management.
  4. Discovering Syndication:
    • Discovered the syndication model, allowing him to pool resources from multiple investors.
    • First syndication deal was a 67-unit property in Kentucky, entered as a capital raiser.
  5. Expanding Horizons:
    • Focused on value-add properties in the Carolinas and the greater Atlanta area.
    • Formed strategic partnerships to acquire and improve larger properties, delivering strong returns for investors.
  6. Lessons Learned:
    • Stressed the importance of education, networking, and persistence.
    • Highlighted the need to understand market dynamics, build a reliable team, and adapt to challenges.

 

Chris Lento’s journey underscores the transformative power of real estate investing, driven by vision, perseverance, and strategic planning.

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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