Confessions of a Seasoned Broker - Reid Bennett

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Reid Bennet, CCIM serves as National Council Chair of Multifamily Properties for SVN International and a Senior Vice President for SVN - Chicago Commercial. As a licensed managing broker, he focuses primarily on the sale of apartment communities across the midwest and also teams up with members of his council to serve clients across the country in over 150 markets. Reid prides himself on understanding the nuances and analysis of multiple unit apartment dwellings & low-income Section 8 & Section 42 communities.

Things you will learn in this episode:

[00:01 – 04:39] Opening Segment

  • How to get in contact with Reid
  • See the links below
  • Reid talks about his background in real estate
    • Multifamily deals during the Great Recession

[04:40 – 32:30] Confessions of A Seasoned Broker

  • Lessons learned from his first active investment deal
  • How Reid handles concerns in his deals
  • Having enough deals to go around
  • Reid’s current deals and transactions
  • Reid talks about choosing the right deals with the right people
  • Being more credible in Syndication deals
  • Reid talks about off-market deals
  • Reid talks about how people destroy the value of their deals

[32:31 – 41:11] Closing Segment

  • Reid’s words of wisdom for the listeners:
    • Look at enough deals to understand the market
    • Have 4 or 5 sanity checks when you look at a deal
  • Final thoughts

Tweetable Quotes:

“Look at 50 or 100 deals from the one that you buy. Look at enough deals to understand the market.” - Reid Bennet

“The best advice is to have a sanity check. Have 4 or 5 sanity checks when you look at a deal.” - Reid Bennet

Resources Mentioned:

Connect with Reid on LinkedIn. Send him an email at reid.bennet@svn.com

Call 773 251 7342

Learn more about Myers Methods of Multifamily Investing: http://bit.ly/37u6oK3

Register for Myers Methods Multifamily Investing Course: https://bit.ly/37iozkB

Learn more about the Mid-Atlantic Multifamily Conference: https://bit.ly/2V7SlCC

Support the show (https://www.facebook.com/groups/157335752156211/)

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