with Ken Gee
Multifamily Trap is Springing Now
ABOUT THE EPISODE
Multifamily investing is where I’m watching the next round of trouble build right now, and the fault line runs straight through how the 2021 and 2022 deals got financed. Ken Gee has worked three seats in this business — CPA, commercial lender, and the operator now writing checks into apartments while a lot of capital sits frozen between fear and FOMO.
The paper bought on short-term and bridge debt is coming due, and the business plans underneath a chunk of it have already slipped. Ken came through the last crisis with investor capital intact, and he walked out with a read on which of these deals survive the reset and which ones land on my desk as a note in trouble.
We get into why larger multifamily holds up differently than office, retail, and industrial when the market tightens, why “never sell” can quietly turn into the most expensive advice you ever took on an aging asset, and how the debt terms you sign today decide whether a slipped business plan is a bruise or a wipeout.
Ken is all-in on multifamily investing right now. I spend my days on what happens when these deals stop working. The distance between those two seats is the whole conversation and where he’s putting his own money next is what you’ll want to hear from him.
About Our Guest:
Ken is the Founder and Managing Member of KRI Partners, a real estate private equity and investor education firm. As a CPA, licensed broker in two states, and former commercial lender, he’s guided more than $2 billion in transactions, largely in the acquisition, management, and financing of multifamily projects. Connect further with Ken on LinkedIn.
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What Our Listeners Are Saying
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Great insights!
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Packed with real world advice
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I always pick up tips from this show. I like that Bill uses real world examples and experiences to get his point across. Guests are also top notch.
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Fun, entertaining and very useful - deserves a prominent spot in your rotation! Treasure trove of real estate tips, market trends, and investment strategies. Magnetic chemistry between the host and his guests.