Friday 6/12/2015: Paul Books was our guest expert that was interviewed on the June edition of the Kyle Malnati Show! Paul started his search for multifamily acquisitions in 2009 while he was studying for his MBA at the University of Denver. From 2009 to 2011, Paul’s approach was to purchase “rehab opportunities,” and he successfully repurposed four older, class-C apartment buildings (a 15-unit, an 18-unit, a 20-unit, and a 26-unit). Most recently, Paul has contributed to positive change in many of Denver’s hottest urban neighborhoods with several new developments (a 60-unit in Uptown, a 72-unit in LoHi, 24 townhomes in Jefferson Park, and 4 mixed use developments in Five Points).
In this YouTube podcast, you will learn about the following:
– Why we are in the Golden Age of Denver’s multifamily market
– Have a disciplined and patient investment approach in the multifamily business
– Paul’s advice: Go against the crowd by purchasing apartment buildings WHEN others aren’t or WHERE others aren’t
– Importance of socially responsible real estate development that fits the neighborhood
– Advice for aspiring real estate investors that want to buy their first apartment building
– Make Change Take Root: Paul/Lacey Books’ charity for Denver high schoolers, Youth Roots (http://www.youth-roots.org/get-involved)
Paul’s Recommended Books:
– “The Legacy Journey” by Dave Ramsey
– “A Short History of Nearly Everything” by Bill Bryson
Quotes from the show:
– Jim Rohn: “Commit yourself to something BIGGER than yourself.”
– Chuck Swindoll: “If you are going to achieve excellence in big things, you develop the habit in little matters. Excellence is not an exception, it is a prevailing attitude.”*
*This quote was selected by our previous podcast guest, Daria Castiglione
Kyle’s gift to Paul:
– The book “Smart Money, Smart Kids” by Dave Ramsey and Rachel Cruse (https://www.smartmoneysmartkids.com/)
The Kyle Malnati Show, Episode 11, Introduction:
“Live from Denver’s Cherry Creek neighborhood, you are watching the Kyle Malnati Show. We are broadcasting from Stewart Title’s Cherry Creek branch, and I’m sitting here with developer, Paul Books. We are thankful to Stewart Title for providing us with the space to record our show today. We hope that our interview topics will be helpful to you, the apartment investor, if you’re either: 1) looking to buy your first apartment building, or 2) if you want to add to your existing rental portfolio in 2015.”
The Kyle Malnati Show, General Information:
The Kyle Malnati Show is currently broadcast monthly on YouTube. The 10-20 minute show is designed to address topics that appeal to both experienced multifamily owners and aspiring real estate investors. Each episode, Kyle offers advice that will help you maximize your rental real estate business, and he also shares his insights on how a favorite quote should relate to multifamily investors’ lives. This video show is designed to share fundamental information about apartment buildings as well as the latest trends in multifamily investments. There are several ways to watch the show. If you SUBSCRIBE on YouTube or if you FOLLOW our blog, you’ll receive an email every month with the video show post. Please share our content on Social Media through Facebook, LinkedIn, Twitter, etc. Thanks for tuning-in, and as Kyle likes to say, “We’ll see you around the neighborhood.”
~Kyle Malnati, Partner/Shareholder
Madison Commercial Properties
Madison & Company Properties
1221 S. Clarkson St. #300, Denver, CO 80210
http://www.MadisonProps.com
http://www.DenverApartmentBuildingsForSale.com