103. Deal deep-dive: Transforming Real estate from Bad to Good Assets with Kyle Root

ABOUT KYLE ROOT

Kyle started buying real estate in 2020. He was able to go from 0-70 units in 2 years without using any type of syndication or joint ventures. At 26 he left his W2 job. Now, at 28, he continues to scale his real estate business and coach others to do the same with little money into it. His goal is to help others understand their full potential. This can be accomplished through many different ventures. For Kyle, it was real estate investing. While Kyle does enjoy talking about real estate most of all he enjoys talking about the importance of daily habits, discipline, overcoming obstacles, and building a life worth living.  
THIS TOPIC IN A NUTSHELL:             Kyle’s journey to real estate Experience in the construction industryDaily habits to quit W2 job and transition to real estateGetting into his first deal House hacking Duplex and metricsChallenges and biggest lessons learned on this dealUnderwriting and capital expensesExpenses to consider for deals in the MidwestHaving strong cash reservesFuture projects to add to his portfolioSelling off Poor assets to Good assetsCatching up with current interest ratesConnect with Kyle 
 KEY QUOTE:  “If anyone is gonna get started, just know that things are gonna be okay. As long as you hold RE long enough, it will work out. You get better at analyzing after the first deal. Just know that your first one is gonna be the hardest. It gets better after that.” 

 

SUMMARY OF BUSINESS:

Empire Estates, LLC was founded in August 2020. We specialize in long-term single and multi-family rentals, utilizing the simple BRRRR (buy, rehab, rent, refi, repeat) method in the Fox Valley and Green Bay Area. As a growing company, we are looking to partner and/or hire other investors to come to work with us.  
 ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.       #realestateinvesting #RealEstate #REInvestors #RealEstateCoach #cashflow #w2job #transition #tenants #realtor #duplex #househack #underwriting #RealEstatePortfolio #AnalysisParalysis #mortgage #capex #DueDiligence #Midwest #FromBadToGoodAssets #CashReserves #Tenants #Landlord #InterestRates #construction #PassiveWealth #FinancialFreedom #newepisode #podcasting #JointheWINpod #WestsideInvestorsNetwork  
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