Jean is one of the few BTR syndicators in town, most BTR developers in Phoenix are Institutions or Private Investors. I hope you enjoy what he had to say on the tpic as much as I did!
Some points of discussion covered include:
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Dreaming to be a lender from a young age
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Using a pool fund to lend from
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Scaling up a BTR fund to do it big
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Why should someone invest in BTR?
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Institutional capital has left Retail and Office to go into BTR
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Renters prefer a yard and SFR’s to rent more than apartments
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Build to Rent vs Build to Sell
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There is a 6 Million home shortage of houses
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You can build BTR, Retn it Now, Sell it Later
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Make sure to individually plat the lots for multiple exit strategies
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Subcontractors will give you a great price when you build in bulk
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Institutions will pay a premium for larger portfolios of BTR
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AZ has a Spec Builder tax that gets voided after two years of holding
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You can pick the ideal time to sell based off future cap rate predictions
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What are the benefits of investing in AZ
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Benefits of Build to Rent
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Capital Raising for Development
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Using Regulation D. 506(c) exemptions
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Hard Money Lending Funds for BTR in AZ
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Investors often have two investment theses that can both be addressed
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Individual mezzanine lenders may not need to be accredited
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How do you lend money in AZ (post lighting round)
Find Jean at klinkloans.com & klinkfunds.com
Check Out InvestNext.com as the preferred investor portal of the show.
Whether you have $5M or $500 million AUM, InvestNext delivers an institution-grade experience to your investors and automates tasks like K-1 distributions with a single click. investnext.com
Book a call with Ruben at calendly.com/rubengreth
If you would like to find out more about Family Office Capital Raising events you can visit familyoffices.com/#
Mention the Capital Raiser Show to get 40% off at FamilyOffices.com