EP 94: What Most People Don’t Talk About with Apartment Building Investing with Krista Testani
So many people are talking about how amazing apartment building investments can be...finding the deal, financing the deal, and so on. But there are so many “un-sexy” aspects of running larger multifamily deals that most people don’t even discuss. On today’s episode, we are excited to sit down with Krista Testani about how she pivoted from flipping to multifamily, creative ways to pay for a mentor, the importance of document management, and how to create the “client experience.”
Krista Testani, obtained her bachelor's at New York University in 1990 and law degree at Brooklyn Law School in 1994. After practicing law for several years her attention was drawn to real estate in 2009. She began her journey by acquiring single family homes on Long Island, NY, and rehabilitating them for resale but then transitioned into multifamily acquisitions in 2012. Her legal background has afforded her the skill set necessary to navigate the host of legal documents and issues that are involved when raising private capital to acquire and manage both single and multifamily properties. Krista has been involved in acquisitions in Ohio, Alabama, Tennessee, Georgia and NY valued over $23 million dollars. Krista joined forces with her partner Christopher Jackson in 2016 and they formed Sharpline Equity Real Estate Investments. Currently, they own and asset manage a 30 single family portfolio in Syracuse NY, and 270 units in Atlanta, GA. Krista is also the co-founder of the real estate networking group “Multifamily Apartment Investing Unveiled” in Garden City, NY. Krista’s primary goal in Multifamily Unveiled is to share her “learning moments” to help better prepare those interested in passive or active investing in Real Estate. Krista resides on Long Island with her husband Louis and her teenage son and daughter.
On today’s episode, we discuss a ton with Krista, including:
· How she pivoted from flipping to multifamily
· Creative ways to pay for a mentor
· The “unsexy” side of acquiring and managing apartment buildings
· Importance of document management
· Creating a process and system for the “client experience”
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