Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

Shannon on Finding The Perfect Deal and Partner

13 Aug 2024 · 1 min

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In this interview excerpt, Shannon explains the two primary goals she set when joining a multifamily investment strategy: first, to find a partner she likens to a "Cody," and second, to identify a deal with clear upside. She describes how Alex’s pitch aligned with these goals, highlighting the potential to double rents, straightforward underwriting, and attractive property features such as a metal roof, brick veneer exterior, and prime location. Shannon also praises Alex’s strong numerical skills, negotiation ability, and work ethic, which together convinced her to move forward with the investment.

Chapters

What is it that you're seeing in this deal, Shannon, where you're like, this is the one, this is the deal that I want to invest in, this is the partner that I think I want to have going into this deal? When I joined the multifamily strategy, I had two specific goals. Number one, I wanted to find my Cody. Alex pitched this deal on the Tuesday calls and everything lined up. There was an opportunity to double rents. So the upside potential, I could see it knowing how to do the math. And so Alex and I connected. He was very smart with the numbers. I love the negotiating. And to your point, also the property from the exterior looks beautiful. A metal roof, brick veneer exterior, and an exceptional location. So the things that I could quickly underwrite, it interests me. And then the more that I learned about Alex and his work ethic, it made me want to do the deal.