Fri, 4 October 2024
Today's Flash Back Friday episode is from #516 that originally aired on Nov. 21, 2022. Kyle Stephonson is the president and owner of KRS Holdings, a real estate investment and property management firm that manages more than 4000 units across the commonwealth of Virginia. Kyle’s primary focus on the investment side of his business has always been to generate cash flow with a secondary focus on long-term appreciation. His investment philosophy is to hold a real estate investment through at least one economic cycle. Quote: "I wasn’t confident in my ability to manage properties for others until I started dealing with what I’ll call the trainwrecks."
Highlights: 08:25: Replacing W2 income with real estate investments 10:40: How third party management helped Kyle weather the last recession 15:35: The art of dealing with challenging assets 18:50: Kyle’s big tennant red flag 21:20: Holding assets through one economic cycle 23:50: Shifts in the Virginia market with recent market changes 27:30: Finding investment opportunities in strategic ways Guest Website: https://www.krsholdings.com/
Recommended Resources:
Learn more about Kevin’s investment company and opportunities for Lifetime Cashflow at sunrisecapitalinvestors.com. |