The Importance of Real Estate Investing Education with Kenneth Gee

Nov 20, 2023

How can real estate investors avoid common mistakes and find true success in multifamily syndications?

 

Angel Williams sits down with fellow real estate investor Kenneth Gee to discuss their journeys into multifamily syndication and passive investing. They share how they each found real estate as a way to gain more freedom and spend time with family, while still earning strong returns. The conversation then dives into the importance of education, choosing the right partners, and truly understanding the business of real estate. Kenneth emphasizes that with the right knowledge, systems and expertise, real estate investors can achieve financial success without unnecessary risk.

 

Kenneth is the founder and managing partner of KRI Partners and the KRI group of companies. He has more than 24 years of significant real estate, banking, private equity transaction, and principal investing experience. Throughout his career, he has been involved in transactions valued at more than $2.0 billion, much of which has included the acquisition, management, and financing of various multi-family real estate projects. 

 

 

[00:01:00 - 00:04:00] Getting Started in Real Estate Investing

• Angel and Kenneth share their origin stories of getting started in real estate investing.
• They were both seeking more freedom and flexibility to spend time with family.
• Real estate provided the ability to build wealth while setting their own schedules.

 

[00:04:00 - 00:08:00] The Problem with Coaching Programs

• Many new coaching programs promise passive income but don't deliver.
• The coaches often lack real multifamily investing experience.
• This sets investors up for failure when they try to raise money.

 

[00:08:00 - 00:12:00] The Keys to Multifamily Success

• Education should teach you "what, how and why" to properly run the business.
• Having an experienced mentor by your side is invaluable.
• Underwriting is critical and needs to be a living, breathing document.

 

[00:12:00 - 00:16:00] The Importance of Choosing the Right Partners

• Kenneth structures programs to ensure students' success in real estate.
• He shares his systems, spreadsheets and hard-won knowledge.
• You must know how to choose the right people - management, maintenance, etc.

 

[00:16:00 - 00:18:00] Mistakes to Avoid as a New Investor

• Many want GP participation but LP responsibility. Realize it's an active business.
• Multifamily is far more complex than residential - it's not just adding zeros.
• Take time to learn the fundamentals before raising money.

 

Quotes:

"We've been at it since 1997. So I went through a way to, and I, I mean, we've gone through a lot, you know?" - Kenneth Gee

"I'm going to tell you what to do, but way more important. I'm going to tell you exactly how to do it. I'm gonna tell you why you got to do it." - Kenneth Gee

 

Connect with Kenneth:

Website: https://www.kripartners.com/

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Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.