103. Deal deep-dive: Transforming Real estate from Bad to Good Assets with Kyle Root

Westside Investors Network

ABOUT KYLE ROOT

Kyle started buying real estate in 2020. He was able to go from 0-70 units in 2 years without using any type of syndication or joint ventures. At 26 he left his W2 job. Now, at 28, he continues to scale his real estate business and coach others to do the same with little money into it. His goal is to help others understand their full potential. This can be accomplished through many different ventures. For Kyle, it was real estate investing. While Kyle does enjoy talking about real estate most of all he enjoys talking about the importance of daily habits, discipline, overcoming obstacles, and building a life worth living.

THIS TOPIC IN A NUTSHELL:

Kyle’s journey to real estate

Experience in the construction industry

Daily habits to quit W2 job and transition to real estate

Getting into his first deal

House hacking Duplex and metrics

Challenges and biggest lessons learned on this deal

Underwriting and capital expenses

Expenses to consider for deals in the Midwest

Having strong cash reserves

Future projects to add to his portfolio

Selling off Poor assets to Good assets

Catching up with current interest rates

Connect with Kyle

KEY QUOTE:

“If anyone is gonna get started, just know that things are gonna be okay. As long as you hold real estate long enough, it will work out. You get better at analyzing after the first deal. Just know that your first one is going to be the hardest. It gets better after that.”

SUMMARY OF BUSINESS:

Empire Estates, LLC was founded in August 2020. We specialize in long-term single and multi-family rentals, utilizing the simple BRRRR (buy, rehab, rent, refi, repeat) method in the Fox Valley and Green Bay Area. As a growing company, we are looking to partner and/or hire other investors to come to work with us.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH KYLE ROOT:

Website: https://kylejroot.com

Instagram: https://www.instagram.com/kj_root

Facebook: https://www.facebook.com/kyle.root.79

Youtube: @Kyle Root

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network

· Website | https://www.westsideinvestorsnetwork.com/

· Twitter | https://twitter.com/WIN_pdx

· Instagram | @westsideinvestorsnetwork

· LinkedIn | https://www.linkedin.com/groups/13949165/

· Facebook | @WestsideInvestorsNetwork

· Youtube | @WestsideInvestorsNetwork