EP 99: Catch Hefty Returns with Triple Net Investments (NNN) with Kenny Wolfe
Get ready for an engaging episode of our podcast as we sit down with the knowledgeable Kenny Wolfe. He's here to share his insights on how you can earn some sweet mailbox money from triple net (NNN) funds. Kenny will guide us through the basics and delve into why investors are flocking to NNN leases as well as the possible drawbacks.
But fear not, Kenny isn't just sharing the challenges – he's also here to provide solutions. He reveals the key to achieving hefty returns with NNN investments. Plus, he opens up about the hurdles of raising capital during his transition from multifamily. As we delve deeper, Kenny explores strategies to mitigate tenant risks and emphasizes the importance of clean and legal NNN leases. We'll also hear about a growing wave of investors who are seeking stability in real estate as they become weary of the stock market and cryptocurrency volatility. Despite the growing interest in NNN funds, Kenny passionately explains why he continues to invest in multifamily properties.
💥💥 Remember, this is your MBA. Have a notepad handy, and get ready to take some 📝 notes!
Key Points from This Episode:
Introduction to Kenny Wolfe.
How to earn mailbox money through triple net (NNN) funds.
Why investors want to invest in NNN funds.
The downside to NNN leases.
The key to hitting 8%-10% cash-on-cash returns with NNN funds.
The challenges of raising capital after shifting from multifamily to NNN funds.
How to hedge against the risk of losing tenants.
How to keep NNN leases clean and legal.
More investors who are getting fatigued at the stock market and crypto seek stability in real estate.
Why does Kenny still invest in multifamily?
Tweetables:
“An investor really buys those (triple net leases) because they want monthly income with very limited headaches.” –Kenny Wolfe
“That first fund for anything, whether you're starting off or starting into a new different asset class is going to be harder because folks just need to see proven results.” –Kenny Wolfe
“We don't have a preferred return on any of our offerings. For multifamily and triple net, there's no upfront fees, there's no preferred return. It's just a split of cash flow.” –Kenny Wolfe
“There's a lot of folks who are getting fatigued at the stock market, they're fatigued at crypto, and they just want to rebalance their portfolio which is always smart to do.” –Kenny Wolfe
“If you sit on the sidelines, you're gonna miss out.” –Kenny Wolfe
Resources
Ep 44: REI MBA: Joint Venture vs Syndication - Do You Know the Difference and When to Use Which?
About Kenny Wolfe
Kenny Wolfe is an experienced multifamily syndicator, the founder and CEO of Wolfe Investments, and published author of “Investing in the Dream: How to Acquire Multifamily Real Estate and Attain Total Financial Freedom”. He invested in his first multifamily property in 2010 and instantly saw the potential for real estate to transform his life – giving him the opportunity to quit his day job and start a company. Kenny is passionate about helping others attain financial freedom through real estate investing. He believes in the power of passive income (making money while you sleep) and encourages others to think beyond traditional investments to grow their wealth. Kenny has been involved in over $450 million worth of commercial real estate transactions nationwide and is a principal in 5,032 units (7,088 units all-time). He holds a BBA from Baylor University and an MBA from the University of Texas at Arlington. Kenny currently resides in Plano, Texas with his wife, daughter, and son. When he’s not scouring the market for new deals, he enjoys discovering new vegan restaurants and rooting for the Broncos.
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The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*
Click here to book Fund Manager Tejas Gosai.
Contact Jerna Bentilanon to schedule a visit to our offices or a tour of one of our properties: j.b@lvpefund.com, 610-230-7777
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