Real Estate Investor Podcast

Episode #159: Kathryn Schmeltz: Massive Value-Add on 1st Syndication

July 14, 2023 Gary Lipsky Episode 159
Real Estate Investor Podcast
Episode #159: Kathryn Schmeltz: Massive Value-Add on 1st Syndication
Show Notes

Today on the Real Estate Investor Podcast, we are joined by Kathryn Schmeltz, a multifamily investor, deal sponsor, and partner at High Five Multifamily who has been buying distressed assets in the Dallas-Fort Worth area since 2013. To date, she has purchased, rehabbed, and successfully sold over 100 single-family residences and invested in over 700 units. In this episode, Kathryn offers some insight into her very first multifamily syndication deal, a distressed 103-unit in Lubbock, Texas, that she bought at 50% occupancy. Despite discovering a few more “skeletons in the closet” than anticipated, Kathryn and her partner were able to more than double their investors’ money in just a couple of years thanks to their rigorous due diligence process, a high level of communication, and a can-do attitude, all of which she highlights as keys to success. To learn more about how Kathryn achieved a massive value-add on her first syndication, tune in today!

Key Points From This Episode:

  • An overview of Kathryn’s extensive experience in real estate.
  • Insight into her first syndication deal, a distressed 1960s C-class at 50% occupancy.
  • The importance of underwriting correctly and communicating with investors.
  • Ways that Kathryn’s approach to value-add has evolved since that first deal.
  • How giving back to residents and fostering a sense of pride can benefit your bottom line.
  • A look at the types of community events that Kathryn likes to organize.
  • Kathryn’s asset management superpower: building strong relationships!

Links Mentioned in Today’s Episode:

Kathryn Schmeltz on LinkedIn

Kathryn Schmeltz Email

High Five Multifamily

Asset Management Mastery Facebook Group

Break of Day Capital
Break of Day Capital Instagram

Break of Day Capital YouTube

Gary Lipsky on LinkedIn

Joseph Fang on LinkedIn