The PROS and CONS of Multi Family Real Estate Investing with Shane Unruh
Control and Compound with Darren Mitchell · Control and Compound Financial | BNV Media
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Show Notes
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On today's episode, Darren is joined by Shane Unruh, Founder and CEO of XS Asset Management, a vertically integrated asset management company that identifies, purchases and manages large scale multifamily apartments. Darren and Shane talk about how Shane got into the multi-family business, how he started his company, the challenges and success stories, as well as where he sees market trends going in Alberta and Canada at large. Tune in now!
Show notes:
00:00 - Introduction to Shane Unruh
1:45 - Current state of the multi family market
3:35 - Average rent in Edmonton
7:20 - Challenges of getting into multi family real estate
9:40 - What does an investment with Shane and his team look like?
13:10 - How much leverage and amortization on a typical property?
14:25 - Breaking down the CMHC
17:15 - Interest rates comparison
17:50 - Shane's approach to managing properties
20:00 - Multi family real estate trends
22:25 - Upcoming niche markets
26:35 - Success stories from Shane
29:15 - Advice for new multi family real estate investors
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WEBSITE: https://xsassetmanagement.com/home/
INSTAGRAM: https://www.instagram.com/shaneunruh_/