In this conversation, Ken Gee shares his extensive 26 year journey in the real estate industry, detailing his transition from a CPA at Deloitte to founding KRI Partners, a firm focused on multifamily real estate. He discusses the importance of education, mentorship, and understanding market cycles, particularly the lessons learned from the 2008 financial crisis. Ken emphasizes the significance of maintaining discipline in investing and the necessity of effective communication with investors, especially in today's fluctuating market. In this conversation, Ken Gee discusses the importance of building trust with investors, the critical role of underwriting in real estate, and the necessity of developing a solid business plan. He emphasizes teamwork in real estate partnerships, navigating lender due diligence, and strategic approaches to acquisitions. Ken also highlights the importance of investor education and understanding the business, providing final advice for potential investors to follow four key rules to safeguard their investments.

Chapters

00:00
Ken Gee's Journey into Real Estate

11:58
Lessons from Market Cycles

23:59
Navigating Investor Relationships and Communication

26:34
Building Trust with Investors

28:13
The Importance of Underwriting

30:41
Developing a Business Plan

32:34
The Role of Teamwork in Real Estate

36:00
Navigating Lender Due Diligence

37:10
Strategic Approaches to Acquisitions

41:08
Investor Education and Understanding

49:40
Final Advice for Investors

Takeaways

• Ken Gee transitioned from a CPA to real estate investing.
• He emphasizes the importance of mentorship in learning.
• Ken made half a million dollars on his first real estate deals.
• Understanding debt management is crucial in real estate.
• Discipline in investing is essential for success.
• Investors should follow four key rules for safety.
• Ken's firm focuses on multifamily properties in Florida.
• Effective communication with investors builds trust.
• Market cycles provide valuable lessons for investors.
• Investing in areas where people want to live is strategic. Building trust with investors is crucial for long-term relationships.
• Understanding underwriting is essential for success in real estate.
• A solid business plan tailored to individual strengths is necessary.
• Partnerships should be approached like dating to ensure compatibility.
• Lenders are increasingly focused on the experience of the team.
• Being a strong buyer in the market can set you apart from competitors.
• Investors should take the time to learn about the business before investing.
• Following four key rules can help investors avoid pitfalls.
• Investors should engage in due diligence and research before committing funds.
• Education and understanding of the investment landscape are vital for success.

Connect with Ken Gee:

linkedin.com/in/geekennetha/

kripartners.com