How To Vet Sponsors & Deals In 2023 With Catherine Munaco

Passive Real Estate Strategies

Discover the secrets of successful real estate investing in this captivating episode featuring Catherine Munaco, the founder and managing partner at One Street Capital. From learning the ropes to becoming a seasoned investor, Catherine shares her insights on syndication and passive investments. Witness how technology has revolutionized the accessibility of real estate, allowing fractional investments in diverse properties across states. Explore the ever-changing market conditions and the strategies that have stood the test of time. Education is key, and Catherine emphasizes the importance of seeking mentors, joining networks, and attending conferences to expand your knowledge. Learn about crucial performance indicators before investing your hard-earned money. Uncover the qualities of a trustworthy operator, including their dedication to asset management, investor presentations, underwriting, and rental analysis. Get ready to embark on a journey of profitable real estate investments by tuning in to this episode packed with expert tips and advice.

Let's dive in! ​​​​​​​

Key Highlights:

[00:00 - 05:21] Unlocking Alternative Investing Through Real Estate

• Catherine started investing in real estate by accident while working as a management consultant

• Real estate market has changed drastically in the past 24 months

• Investing now requires more than just rent divided by cap rate or NOI divided by cap rate

[05:22 - 10:26] Investing in Real Estate Syndications

• She invested passively first to learn from a good operator

• Look for an operator with integrity, polish, professionalism, and systems in place

[10:27 - 15:49] What to Look for in an Operator

• Commitment to asset management is important

• Focus on asset management: scaffolding, agenda, KPIs

[15:50 - 21:56] Uncovering the Process of Asset Management

• Ask about the asset management process and sample reports/agendas

• Be prepared to step in in the face of headwinds

• Track trends across portfolio to have pulse of what's going on

Key Quotes:

"Tenants are gonna be a lot less able to pay if rents continue to go up." - Catherine Munaco

“You do need to have a minimum amount of education as to what some of the KPIs will be.” - Catherine Munaco

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