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14. Investing for Appreciation, Cash Flow or Both with Kenny Wolfe

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Manage episode 293712213 series 2877202
Content provided by Jim Pfeifer and Left Field Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jim Pfeifer and Left Field Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Kenny Wolfe is the President of Wolfe Investments and has been investing in multifamily since 2010. He currently owns over $250M of commercial real estate with 4500 units in Texas, Louisiana, Oklahoma and Ohio. He also owns commercial retail properties in three states and some ground up development as well. In this episode, Kenny talks about alignment of interest between the syndicator and the investor, investing in downtown metro areas and investing for cash flow, appreciation or both.

Kenny discusses how he bought into two passive deals to learn the ropes in order to be a syndicator and the benefits of using networking to find sponsors and to get started.

Kenny talks about structuring his deals for the long term by aligning interests with his investors by eliminating acquisition and disposition fees and not paying a preferred return. He also mentions how bringing property management in house has given him better control over managing the assets.

Kenny discusses the three different types of assets he investing in:
1. Development focusing on appreciation
2. Existing multi-family properties focusing on cash flow and appreciation and
3. Commercial triple net leases focused on cash flow.
He also has recognized that because of the pandemic, there are great deals to be had in downtown metro areas and has purchased multi-family properties and conversions in downtown Cleveland, Dallas and Atlanta.

Podcast Kenny recommends:

Old Capital Podcast

To connect with Kenny, go to Wolfe Investments or visit him on Youtube.

If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.

Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community.
Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

  continue reading

211 episodes

Artwork
iconShare
 
Manage episode 293712213 series 2877202
Content provided by Jim Pfeifer and Left Field Investors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jim Pfeifer and Left Field Investors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Kenny Wolfe is the President of Wolfe Investments and has been investing in multifamily since 2010. He currently owns over $250M of commercial real estate with 4500 units in Texas, Louisiana, Oklahoma and Ohio. He also owns commercial retail properties in three states and some ground up development as well. In this episode, Kenny talks about alignment of interest between the syndicator and the investor, investing in downtown metro areas and investing for cash flow, appreciation or both.

Kenny discusses how he bought into two passive deals to learn the ropes in order to be a syndicator and the benefits of using networking to find sponsors and to get started.

Kenny talks about structuring his deals for the long term by aligning interests with his investors by eliminating acquisition and disposition fees and not paying a preferred return. He also mentions how bringing property management in house has given him better control over managing the assets.

Kenny discusses the three different types of assets he investing in:
1. Development focusing on appreciation
2. Existing multi-family properties focusing on cash flow and appreciation and
3. Commercial triple net leases focused on cash flow.
He also has recognized that because of the pandemic, there are great deals to be had in downtown metro areas and has purchased multi-family properties and conversions in downtown Cleveland, Dallas and Atlanta.

Podcast Kenny recommends:

Old Capital Podcast

To connect with Kenny, go to Wolfe Investments or visit him on Youtube.

If you would like to contact Jim Pfeifer, you can email him at jim@leftfieldinvestors.com or if you would like to find out more about Left Field Investors go to www.leftfieldinvestors.com.

Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust. Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community.
Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.

  continue reading

211 episodes

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