Financial Freedom with Real Estate Investing MB465: Behind the Scenes of Nighthawk Equity: How We Run a Multifamily Investment Firm
Welcome to another episode of Financial Freedom with Real Estate Investing! In this special episode, we bring you a deep dive into Nighthawk Equity with all the partners in the house – Garrett Lynch, Drew Kniffin, and our very own Michael Blank. It's been a while since the last team update, which was back in episode 414, where we discussed a deal that we didn't do.
This time, we're pulling back the curtain to share where Nighthawk started, the lessons learned, and what lies ahead in their journey to scale and face market challenges.
On this episode, Michael, Drew, and Garrett discuss everything from the origins of Nighthawk, the trials of joint ventures, the importance of asset management, to mastering the art of raising capital. Learn about their transition to focusing deeper into specific geographies and how they're adapting to today's market conditions.
Key Takeaways:
- A Glimpse into Nighthawk's Origin Story
- How Garrett joined through the Deal Desk with a challenging El Paso deal
- The evolution from joint ventures to focus and scale
- The Importance of Focus and Geography
- The shift from multiple markets to being deeply rooted in Atlanta
- Economies of scale and operational efficiency as major benefits
- Mastering Asset Management
- Why executing the business plan is crucial for financial success
- Enhancing procedures and systems for operational excellence
- Challenges and Innovations in Raising Capital
- Introduction of fund managers with Fund of Funds program
- Experimentation with paid Facebook advertising for scaling capital raise
- The Secret Sauce Behind Partnership Longevity
- Open communication and radical candor as key to sustained collaboration
- Defining roles and respecting decision-making processes
- Market Insights and Future Outlook
- Navigating current economic conditions
- Strategies to seize opportunities in the coming years
Join the Nighthawk team as they reflect on their past, share valuable insights into their operations, and look forward with anticipation to what’s next in real estate investing. If you're ready to take the next steps toward financial freedom, whether actively or passively, they're here to guide you.
Visit thefreedompodcast.com to discover resources customized for your journey. Whether you're looking to find deals as an operator or become a passive investor, this is your starting point.
Catch the energy of this episode, and as always, happy investing!
For more information on achieving financial freedom through real estate investing, visit thefreedompodcast.com.
Let's get you one step closer to financial independence!
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Resources
Access the #1 FREE Apartment Investing Course (Apartments 101)
Schedule a Free Strategy Session with Michael's Team of Advisors
Explore Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Review the Podcast on Apple Podcasts
Get the Book, Financial Freedom with Real Estate Investing by Michael Blank
For full episode show notes visit: https://themichaelblank.com/podcasts/session465/