Omar has advised on $3.7 billion in capital financing and M&A transactions, as well as securing $50+ million in equity from private and institutional capital. He is a graduate from the Rotman School of Business (University of Toronto), and a CFA charter holder with 10+ years of investing experience across real estate and commodities. As the principal of Boardwalk Wealth, Omar is primarily responsible for developing strong relationships with private and institutional investors, brokers, and strategic partners. He has closed on over $250 million of assets across TX, GA, FL, and SD.
Jonathan and Omar go over some key aspects of gathering data for successful real-estate deals in the multifamily sector; discuss some key things to look for in any given area to make sure your deals are successful and also go over the day-to-day details of managing a team and hiring people to work in property management.
Reach out to Omar Khan
https://www.linkedin.com/in/omark1
Key points:
01:49 Given Omar’s multi-generational experience, what is his view on the current state of the multifamily market
03:22 Which markets are safe, based on demographics
04:50 Attractive markets in the Southeast
05:28 Omar’s submarket buybox
08:09 How to source real-estate data
10:23 How to keep track of the “soft data”
15:01 Omar’s data repository
16:25 What can we tell about an area by looking at the businesses that operate there
18:12 Omar’s indicators for an ideal real estate deal
20:42 Defining an absentee owner
24:33 What to look for to make sure your property managers are doing a good job
26:28 Omar’s company, business management style, when to delegate
29:46 What type of payment structure to offer to your partners
30:18 Omar’s hiring process for finding the best people for his business
33:34 The daily process of managing people and running a business, how to keep your people on target
34:45 How to cover the risk of something happening to the main asset manager
31:10 Omar’s key advice for multifamily investors
39:01 Closing thoughts & how to reach out to Omar
