How can strong relationships and strategic planning turn challenging investment conditions into profitable opportunities?

In this episode, Savannah Arroyo, also known as "The Net Worth Nurse," shares her journey into real estate investing and the strategies she employed to turn a challenging 24-unit deal into a lucrative investment. With a background in nursing, Savannah brings a fresh perspective to multifamily syndications, focusing on relationship-building and strategic problem-solving. From overcoming financing hurdles to implementing efficient property management, Savannah walks us through her experience in revitalizing a property plagued by delinquent tenants and deferred maintenance. Her story highlights the power of resilient partnerships, smart underwriting, and adaptability in a rapidly shifting market.

[00:01 - 04:17] Building Wealth as a Nurse

• Discovering real estate while on maternity leave
• Transitioning from single-family to multifamily investments
• Raising capital in uncertain times

[04:18 - 08:29] The 24-Unit Oregon Deal

• Insights on securing and managing a value-add property
• The role of a motivated seller in closing the deal
• Addressing property issues and managing tenant delinquencies

[08:30 - 12:27] Property Management: The Key Partner

• Working with management companies on smaller complexes
• The importance of on-the-ground maintenance teams
• Setting realistic expectations with property managers

[12:28 - 16:53] Financing Multifamily Deals

• Navigating credit union requirements and syndication complexities
• Involving passive investors for GP roles
• Handling challenges with CapEx funding and loan terms

[16:54 - 20:21] The Power of Relationships

• Building long-term broker and property management relationships
• The importance of transparent communication
• Benefits of partnering with local credit unions and management

Key Quotes:

"Relationships are the backbone of successful real estate investing. It’s about being honest, upfront, and clear on what you need."- Savannah Arroyo

"A good property manager doesn’t just follow instructions; they understand the big picture and help you achieve it." - Savannah Arroyo

Connect with Savannah:

LinkedIn: https://www.linkedin.com/in/savannah-arroyo/

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