CRS287 Jean Kilnkhamer: Build to Rent in Arizona and Using Funds to Syndicate Them

Jean is one of the few BTR syndicators in town, most BTR developers in Phoenix are Institutions or Private Investors. I hope you enjoy what he had to say on the topic as much as I did!

Some points of discussion covered include: 

• Dreaming to be a lender from a young age

• Using a pool fund to lend from

• Scaling up a BTR fund to do it big

• Why should someone invest in BTR?

• Institutional capital has left Retail and Office to go into BTR

• Renters prefer a yard and SFR’s to rent more than apartments

• Build to Rent vs Build to Sell

• There is a 6 Million home shortage of houses 

• You can build BTR, Retn it Now, Sell it Later

• Make sure to individually plat the lots for multiple exit strategies

• Subcontractors will give you a great price when you build in bulk

• Institutions will pay a premium for larger portfolios of BTR

• AZ has a Spec Builder tax that gets voided after two years of holding

• You can pick the ideal time to sell based off future cap rate predictions

• What are the benefits of investing in AZ

• Benefits of Build to Rent

• Capital Raising for Development

• Using Regulation D. 506(c) exemptions 

• Hard Money Lending Funds for BTR in AZ

• Investors often have two investment theses that can both be addressed

• Individual mezzanine lenders may not need to be accredited

• How do you lend money in AZ (post lighting round)

Find Jean at klinkloans.com & klinkfunds.com

 

Check Out InvestNext.com as the preferred investor portal of the show. 

Whether you have $5M or $500 million AUM, InvestNext delivers an institution-grade experience to your investors and automates tasks like K-1 distributions with a single click. investnext.com

 

Book a call with Ruben at calendly.com/rubengreth

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