Jumping Right into Mid-Sized Multifamily with Alan Hill
Alan Hill - the co-founder of Crystal Coast Capital, and mid-sized multifamily investor, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Alan Hill talks about his start in leveraging assets for income from a young age and how he jumped right into investing in mid-sized multifamily with childhood friend Jimmy Johner as Crystal Coast Capital.
Key Lessons Learned: Don’t let no stop you. In almost every real estate transaction there are going to be times someone tells you no. That’s an opportunity to use your problem solving skills to find a way around that obstacle. If it’s a good deal, find a way to push through rather than giving up and going back to watch Netflix.
How did they acquire their knowledge or what knowledge did they need to acquire? Learning to underwrite deals was the key piece of knowledge he had to learn in order to be successful.
How much money did it take to get started? Alan and his partner got into the deal for about $2,400 a piece because their investor put up most of the capital to purchase the deal.
How much time does it take now? He puts in about 10 to 15 hours a week on his real estate endeavors.
Could they do this strategy from anywhere in the world? Not really right now. They are focused on purchasing properties in their local market.