In this episode of the Championship Leadership podcast Kyle Jones talks about Cryotherapy, iCRYO and franchising, the importance of relationships, accepting failure and mistakes as part of success.

In this episode, Kyle Jones of Truepoint Capital walks us through his journey as a corporate sales professional to investing in single-family fix and flip, then to small multifamily and eventually large commercial multifamily deals. He shares some of the challenges he's faced along the way and some strategies he's used to finding success.

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SHOW NOTES:
2:05 - Kyles background in the corporate sales world
4:35 - Why Kyle started to consider getting into real estate while working at his W-2 job
5:30 - How he actually started investing and bought 5 single-family homes
8:25 - Why he decided to push into larger deals and specifically commercial multifamily
11:45 - How he started with small multifamily (12-24 units) and some of the challenges he faced with those
13:45 - Kyle describes the mindset needed to move into multifamily
15:15 - We discuss a 56 unit deal that he had to take to 50% occupancy unexpectedly
18:25 - The markets that Kyle is interested in at this point in time
21:00 - We dive deep into his first larger commercial multifamily deal
23:00 - The importance of broker relationships and how he was able to stand out from all the other investors
25:15 - A big challenge he faced when a large 1031 investor backed out
27:20 - Kyle shares his advice on raising money on your first deal
31:50 - How the 56 unit deal helped him get into larger commercial deals
32:50 - Kyles plans for his business moving forward
34:30 - His biggest mistake so far
35:25 - The biggest win he's had so far
36:30 - What's the best advice he has  for someone just starting

KEY QUOTES:
"If you're really serious about this, get out there, pound the streets and you'll eventually reap the benefits"

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Join me and my co-host, Vince, as we chat with Kyle Jones about how he transitioned from starting out in the single-family space to multifamily real estate. Kyle is the co-founder of TruePoint Capital and the American Grid Company.

50% to 100% Occupancy Rate 

Kyle had an experience with a 56 unit deal where he had to take the occupancy rate down to 50% within the first three months of owning the property. There were a lot of residents at that time that was refusing to pay. The property manager had to remove the bad tenants. With the vacant units, they were struggling to lease them back up. Then, Kyle decided to renovate when the occupancy rate was low. And by month nine, they were able to bring it back to 100% occupied. An excellent performance and achievement by Kyle because he was able to accomplish that in less than a year! This experience shows that he has great leading and management skills.

Staying Connected With Your Property Managers during COVID-19

Human connection has significantly decreased over the past few months. A lot of people are struggling because of the massive changes in how we normally do things. This has impacted almost everybody’s mental health. That is why it is necessary to keep everybody engaged in the business, especially now because of the COVID-19. Staying connected with your property managers will be one of the driving forces that will help your business survive the pandemic, through conducting weekly calls, chats, and meetings. By doing these, you’ll be able to check up and be updated with their current situations. Keeping them aligned and headed towards the same goal or direction, thus holding the property managers accountable for their roles and responsibilities. Furthermore, your small acts of checking up on how they are handling this pandemic will help alleviate their stress, even just a little. 

Outline of the episode:

·        [00:36] Multifamily real estate is the best asset class to start investing in. 

·        [04:14] Successfully building cash flows provide a financial security blanket.

·        [05:40] Transitioning from investing in the single-family space to the multifamily real estate. You can make more money by aiming and going bigger.

·        [07:39] The benefits of having a partner in the real estate industry. Why did Kyle Jones decide to create and build a partnership? 

·        [08:34] The real estate portfolio of Kyle consists of mostly an incredible 100 unit plus buildings. 

·        [10:23] Businesses are slowly rising from the devastating impact of the COVID-19.

·        [11:56] Raising 50% occupancy rate to 100% in a short period.

·        [14:44] It is very important to find the right property managers who will listen and understand your strategies

·        [20:00] The struggle of looking and acquiring new deals during the COVID-19.

·        [24:15] Increasing the net operating income by focusing more on collections and managing your expenses better.

·        [28:46] Staying engaged with all your property managers through having weekly calls.

·        [31:20] What are the key changes that Kyle has made with the underwriting in dealing with this pandemic?

·        [32:39] The Multi-Family Millions by David Lindahl, a book that has helped Kyle the most in learning about the multifamily space.

·        [33:26] Kyle’s superpower is his amazing capability of building rapport quickly.

PodCavern's Spookening Begins!

We are doing a whole month of spooky-themed movies for this month's episodes of Talkin' Tuong! So join Tuong La and Half Ghost-Half Werewolf Kyle Jones, as we watch Martin Freeman take on Zombies (and an Australian accent) in 2017's Cargo (now streaming on Netflix!).

The post Ep 46 – Cargo (2017) with Kyle Jones appeared first on PodCavern.

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PGA Tour Player, Korn Ferry Tour Winner, and All-American Baylor Bear joins the "Better Than I Found It" podcast. Kyle is hot off his first big professional win at the Utah Championship on the Korn Ferry Tour. Kyle's path to the Tour is a unique one. Coach McGraw delves into what separates Kyle as a player and what they have learned from each other.

@KyleJonesGolf

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Music: DriftMaster by Shane Ivers - https://www.silvermansound.com

In today’s episode we welcome back Kyle Jones of 11 Warriors to preview Nebraska's Halloween matchup with the Ohio State.

More from Kyle and Eleven Warriors: Web: https://www.elevenwarriors.com Twitter: @Jones | @11W

Many thanks to our sponsors:

Central Nebraska Buffalo Web: https://www.cnbuffalo.com Twitter: @CentralBuffaloE-Mail: cnbuffao1@gmail.comPhone: 402-694-9866

Monte Rohde, Pinnacle Realty Phone: 402-770-3356 E-Mail: Monty.Rohde@PRGLincoln.com Web: https://www.prglincoln.com/agents/agnt/monty_rohde/

Kyle is a really amazing guest who just wants to relax and tell a good story, either from his own life or through directing. I had a nice chat with him and really learned a few new things.

Kyle's twitter: https://twitter.com/KyleColby

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I've got your 6 info: https://www.imdb.com/title/tt11368380/

Kyle Jones is a co-founder and Key Principal of TruePoint Capital, LLC which currently owns just over 900 units. Kyle is responsible for the company’s strategic planning, investment decisions, asset management, and overseeing all aspects of the company’s financial activities and operations.

TruePoint Capital offers closed-end, private equity funds with attractive, risk-adjusted returns for qualified investors in the private real estate market through diversified investment options. TruePoint Capital’s mission is to create and preserve investor wealth through exclusive alternative investments that offer consistent returns with stability and protection from the volatility of Wall Street.

In addition to TruePoint Capital, Kyle is a Global Sales Leader for a large Fortune 100 technology company and responsible for revenue attainment of over $250M worldwide. Kyle is also a co-founder for a high growth Residential Appraisal Management Company start-up that obtained over $1M in gross revenue in the first 18 months of business and still growing.

Kyle has been in the people business since a very early age, and he has high expectations for the team around him and how people are treated. Love God, and love others!

Thank you so much for listening! WE ARE SO GRATEFUL!!!!

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