Episode Summary:
At the IMN Single Family Rental forum, hosts Craig Fuhr and Jack BeVier interview Real Estate Investor Alex Hemani. Not only does Alex discuss his career journey from SFR investor to Founder of Ninety9 Capital, an investment fund that acquires SFR assets with a mission of building generational wealth, but he also shares insights into the fund’s launch in May 2023, which enables smaller investors and families to participate in the real estate space. Additionally, the group discusses acquisition strategies, yield vs. appreciation investment models, asset classes, and forecasts for the next year.Learn more about Alex at https://ninety9capital.com/
Overview of Episode 25
At the IMN Single Family Rental Forum, Craig Fuhr and Jack BeVier, hosts of Real Investor Radio, discuss single family rental investments with investor Alex Hemani. They highlight key market shifts and strategies to adapt to current conditions.
Hemani’s Journey into Single Family Rental Investments
Alex Hemani shares his journey, which began in 2006 with his first rental purchase. Although initially unplanned, his entry into real estate was driven by market opportunities. After that, Hemani expanded his portfolio during the 2008 financial crisis, eventually growing to 300 properties.
Building Generational Wealth through Single Family Rentals
Hemani discusses his mission to make real estate accessible for building generational wealth. He founded Ninety9 Capital to allow non-accredited investors to participate in single family rental investments. This approach, he explains, provides both equity and a pathway for long-term growth.
Current Market Trends and Investment Opportunities
Craig and Jack note recent shifts in the single family rental market, especially in Dallas. With high interest rates, competition has eased, presenting new opportunities for buying at discounted prices. Hemani emphasizes Dallas as a market with potential for appreciation, driven by strong population growth.
Fund Management and Strategy
Ninety9 Capital’s investment strategy focuses on acquiring single family homes in high-demand areas. Hemani’s team, structured with acquisitions, construction, and property management divisions, ensures properties are well-maintained and strategically positioned for appreciation.
Predictions for 2024 in Single Family Rental Investments
Looking to 2024, Hemani predicts stable interest rates and increased opportunities in the single family rental market. He believes that experienced operators with established platforms will be well-positioned to expand portfolios as more properties become available.
Conclusion
In summary, the podcast offers valuable insights on navigating single family rental investments. For those seeking to build generational wealth, Hemani’s model and market insights provide a roadmap to success in today’s real estate landscape.
