EP140 How The Power of Persistence Helped Them Close on a 144-Unit Apartment Building with Justin Richards and Aaron Lenartz

EP140 How The Power of Persistence Helped Them Close on a 144-Unit Apartment Building with Justin Richards and Aaron Lenartz

By the time you listen to this episode, Justin Richards and Aaron Lenartz will have closed on a 144-unit Class C Apartment Building in Memphis Tennessee. And they'll have raised $1.3 Million from investors to do so. I thought it would be interesting to sit down & talk with them about what they went through to find, inspect, and acquire this property while its fresh in their minds.

What you're about to hear is the nuts & bolts process from two investors and syndicators who have learned a great deal from the experience of closing their first large apartment syndication. We'll talk about the importance of broker relationships, Best & Final offers, what it means to be a lifestyle investor, working with attorneys, and securing a bridge loan to complete necessary repairs.

You'll also learn how Justin and Aaron were able to be taken seriously as investors even though they'd never closed a deal this large. They also share the process they went through to raise $1.3 Million from qualified investors, as well as the amount of their own money they had to put up along the way.

Justin and Aaron host a meetup group every third Wednesday of the month at the Buffalo Wild Wings in Wyoming, MI on 44th Street. Their next meetup is this Wednesday, September 19th, 2018 at 5:45. You can find out more information by going to https://www.meetup.com/Think-Multifamily-Real-Estate-Investing/events/253982654/

And you can contact Justin and Aaron through their website:

https://www.greysoncapitalgroup.com/

Enjoy!

Avsnitt(593)

Why Distressed Office and Retail Could Be the Smartest Real Estate Play of 2026, with Scott Sherman

Why Distressed Office and Retail Could Be the Smartest Real Estate Play of 2026, with Scott Sherman

Billions of dollars in office and retail buildings are trading at deep discounts right now. While most investors see risk, Scott Sherman, Founder and Principal of Torose Equities, sees opportunity. Sc...

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New 1031 Exchange & Bonus Depreciation Updates for 2026: Tax-Smart Real-Estate Strategies with Dave Foster

New 1031 Exchange & Bonus Depreciation Updates for 2026: Tax-Smart Real-Estate Strategies with Dave Foster

It's tax season — and the rules have changed again. With new updates to the 1031 exchange and bonus depreciation, real-estate investors have more ways than ever to defer taxes and build wealth in 2025...

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Building Affordable Homes in Hawaii's Lava Zones: Fuzzy Jardine on Respecting the Land and Creating Generational Wealth

Building Affordable Homes in Hawaii's Lava Zones: Fuzzy Jardine on Respecting the Land and Creating Generational Wealth

Kolaiah "Fuzzy" Jardine, co-founder of HUI Mastermind, joins Brian Hamrick to share how he overcame adversity and built a multimillion-dollar real estate portfolio across Hawaii—developing over 100 af...

26 Jan 30min

Conference Announcement: Midwest Real Estate Investor Conference April 27–28, 2026

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The Midwest Real Estate Investor Conference (MREIC) is back April 27–28, 2026 at DeVos Place in Grand Rapids, Michigan, and this year's theme is Thrive. This quick special announcement features Erika ...

22 Jan 9min

The Truth About Subject-To, Seller Finance, and the Risks Most Investors Miss with Caleb Christopher

The Truth About Subject-To, Seller Finance, and the Risks Most Investors Miss with Caleb Christopher

Creative financing opens amazing doors for real estate investors—but it can also destroy deals when done wrong. In this episode, Caleb Christopher, founder of Creative TC, breaks down how to use Subje...

19 Jan 28min

How Real Estate Investors Can Use AI Right Now: Chatbots, Automation & Smarter Decisions with Clay Lehman

How Real Estate Investors Can Use AI Right Now: Chatbots, Automation & Smarter Decisions with Clay Lehman

Artificial intelligence is transforming every corner of real estate—from how we analyze deals to how we manage tenants, leads, and operations. But most investors still don't know where to start. In th...

12 Jan 34min

What Every New Developer Needs to Know Before the First Shovel Hits the Ground with Steve Achram and Peter Skornia

What Every New Developer Needs to Know Before the First Shovel Hits the Ground with Steve Achram and Peter Skornia

Every successful real estate development starts long before the first shovel hits the ground. From concept and capital stack to design, construction, and operations—understanding the process is key to...

5 Jan 30min

Property Management Secrets: Reducing Delinquencies, Tenant Psychology & Turning Around Underperforming Properties with Craig Marquardo

Property Management Secrets: Reducing Delinquencies, Tenant Psychology & Turning Around Underperforming Properties with Craig Marquardo

Underperforming properties are where the biggest money is made—if you know how to fix them. That's where expert property management comes in. In this episode, Brian speaks with Craig Marquardo, VP of ...

29 Dec 202532min

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