Kenny Schumacher
Actively seeking passivity.
Active Projects, Past, Investments, Podcasts, Articles & Interviews, Resume
Apartment 1
Sacramento, CA
Purchased at $2,630,000 with my investment being $50,000 (3.68% ownership)
Interesting stuff
This is my fourth real estate investment, however it is the first investment in which I both am investing in an apartment complex and am acting solely as an investor without any influence on operations.
This is an investment in a 12 unit, 3 story multifamily complex where the goal is to renovate the distressed property, increase rents, and exit in 18 months. This investment has an estimated IRR of 30%.
This team of 3 GPs has exited many multifamilies with IRRs ranging from 23% - 55%. The great thing about investing in others’ syndications is that I don’t need to spend time working with banks, while still gaining exposure to real estate. Granted, as this is a flip, it’s completely different from my overall strategy of cash flow when it comes to real estate.