193 | Thriving in Competitive Real Estate Markets with Chris Stout

Chris Stout, the principal at Stout Cap. With two decades of experience in residential construction and over a decade of experience as a multifamily investor, Chris shares his expertise on identifying well-maintained properties and development opportunities, as well as the benefits of a construction background in the industry. Learn valuable insights into his preference for 2000s builds and how staying ahead in real estate acquisition is essential for success. We discuss various loans available for residential construction and multifamily investment, and the importance of underpromising and overdelivering when it comes to fiduciary responsibility. Chris enlightens us on how fixed rate bridge loans and lines of credit for capital expenditures can help investors stay ahead of the competition. We also delve into the significance of staying in touch with brokers and doubling down on relationships in order to succeed in this competitive market. Join us as we explore the emotional roller coaster of entrepreneurship and the key to pushing through difficult moments. Chris shares his personal experience of cold feet before closing a deal and the importance of buying the right thing. We also touch on market volatility, the need to stay persistent when making decisions, and how understanding the explanations for various opportunities can help increase the chances of success. Don't miss out on this informative and engaging conversation with the highly experienced Chris Stout! Highlights: 0:03:37 - Investing in Development and Newer Builds 0:09:55 - Skepticism in Business Decisions 0:17:06 - Staying Ahead in Multifamily Brokerage 0:22:34 - Investing in New Construction Projects 0:25:22 - Proving Yourself Before Securing Investors 0:33:19 - Rules for General Partnership Equity 0:36:16 - Overcoming Fear in Real Estate Deals 0:42:30 - Learning From Past Investment Mistakes 0:47:40 - Pivoting to New Asset Classes Chris' Website: StoutCap

*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.