Building a Dream Multifamily Team with Whitney Sewell, Episode 121

John Casmon

5 years ago

Whitney Sewell began his investing career in 2009 and has since invested in 900 doors valued at over $120 million. He hosts a daily podcast, the Real Estate Syndication show. He also owns and operates Life Bridge Capital with a purpose of creating passive returns and using a portion of the profits to help families seeking adoption. Today, he shares more about his passion for adoption, his target market, and building a dream team that has allowed him to grow his portfolio and run a daily podcast.

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Key Market Insights

Passionate about adoption but the process is a roller coaster and expensive
Cost is $40k-$60k to adopt a child
50% of Life Bridge Capital’s profits go to helping adoption families
Real estate focus is on value-add multifamily
Target market is Colorado Springs, 100+ units, value-add properties
Seeking stable property 80-85% occupied, not seeking massive renovation
Value-add: raising rents, lowering expenses, management issues
Colorado Springs: Steady growth and diverse jobs
Had dinner a few nights in a row with his partner to get to know him
Liked what he heard about him outside of real estate – who he was as a partner
Had numerous Zoom calls with both wives to get to know each other
Building a strong team has allowed for the production of lots of content
What would Whitney change if he could start over: track all the steps and incorporate a task management system
Understand the cost involved to produce as many shows and understanding how VAs work and how to find the right VAs