Ep. 156: Partnering with Your Community for Investments with Kay Kay Singh

As an immigrant from India, Kay Kay Singh believes deeply in a sense of community and taking action to achieve your dreams. He has partnered with many in his community to partner and build multiple businesses. From running gas stations, convenience stores, a laundromat, and 40 SFRs, he turned his attention to multifamily for the tax benefits. Kay Kay is now a limited or general partner in 2,764 units. In this episode, he shares why community is vital to his success, how he vets potential partners, and what you need to know before investing in a syndication.    Partner: Join me at the Best Ever Conference plus 15% discount with 15DEAL   Key Insights After 9/11, he lost his job and became a partner on a gas station Another investor in his community wanted to sell him his 40 single-family homes Bought the 40 single-family homes with no inspection, no financials, and no attorney from an 82-year-old owner Automated processes with online payments, online maintenance submissions, lockboxes, etc. With SFRs, gas stations and laundromat, Kay Kay was paying more in taxes After research, realized multifamily investing would allow him to reduce his taxes Met with an operator for 15 minutes before deciding to invest with him  After investing in multiple deals as a passive investor, became a general partner focusing on investor relations and asset management Created a list of operators from Rod Khleif’s mastermind and researching on BiggerPockets First thing is to look at the syndicator, how many deals they’ve done, how knowledgeable, how honest they are Search markets by rent growth, job growth, population growth and low crime (or crime reducing)  Unless you take action, knowledge means nothing Partner: Download a Free Sample Apartment Deal Package  Bull’s Eye Tips:    Resources: 10X Multifamily Facebook Group   Most Recommended Book: Think and Grow Rich by Napoleon Hill   Rich Dad, Poor Dad by Robert Kiyosaki     Most Recommended Digital/Mobile Resource: EverNote  Social Media MyHabit  Daily Habit: Daily Prayers and Yoga   Advice for Smart, Driven College Students: Invest in Yourself before you invest in real estate   Advice to Ignore: Negative People    Current Curiosity: Economic cycle   Best Place to Grab a Bite in Fort Wayne: Local Thai Restaurant (other than Indian food at home)   Connect with Kay Kay: Website: growrichcapital.com    Leave us a review and rating on Apple Podcasts or Spotify. Be sure to check out more info at TargetMarketInsights.com.