#30: Paying a Preferred Return Without Closing with Kristen Ray - Jerome Myers Cameo!

Bit of a different episode today - Jerome Myers (guest on episode #13) runs a podcast called Multifamily Missteps and we did a podcast swap! This is a great episode where he speaks with Kristen Ray regarding a deal where things went awry.I had the pleasure of speaking with the owner of Vytal Investments, LLC, and co-founder of Vital Investment Partners, Kristen Ray.Let’s dive into Kristen’s story that not giving up, no matter how many times you fail, can eventually lead you to the success that you have been dreaming of.Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.Things you will learn in this episode:[00:01 – 03:07] Opening Segment·        Kristen talks about her background and where her journey began·        Inherited properties from her grandfather and turned them into rentals[03:08 – 14:19] Kristen’s Missteps·        Kristen talks about previous deals she had made·        How she met her business partner·        Kristen talks about the first deal with her new partner·        Quick shoutout to our website myersmethod.com·        Kristen shares her learnings from the failed first deal·        Building and maintaining good business relationships[14:20 – 20:54] Don’t Give Up·        Kristen talks about moving on and the next deal that they made·        The surprises after closing the deal·        Kristen gives powerful words of wisdom that you don’t want to miss!Tweetable Quotes“Don’t give up; just keep doing it. No matter how many times you fail at something you want to do, keep at it, and try to mitigate your risk.” – Kristen RayYou can connect with Kristen on Facebook and Linkedin. You can also send her an email at [email protected] with Axel:Follow him on InstagramConnect with him on LinkedinLearn more about Aligned Real Estate Partners