Episode 14: Faulty Water Pipelines Could Leave You in Deep Water
Kay Kay began flipping houses after he bought a 40-property portfolio from a retiring landlord. Flooding in the basement of one of his properties ended up being a $2 fix. That $2 fix in one of his previous properties turned out to be an unexpected $50,000 fix on one building in a multifamily community he acquired. Listen in to hear the full story and Kay Kay's suggestion to reduce the chance of you ending up in deep water on your next multifamily deal.
About Kay Kay Singh:
Kay Kay Singh is the CEO of Grow Rich Capital, a multifamily and single-family real estate investment company. He has more than 30 years of business experience and owns real estate in both the United States and abroad. In the State of Indiana, he owns 8 gas stations, a high-tech Laundromat, and 40 Single-family rental properties. Additionally, has partnered on many apartment building deals representing more than 2,700 units under management. Kay Kay is highly active on social media where he engages with people by sharing his wealth of investment knowledge, tips, and strategies.
Dion Huey is a Co-founder at Delta Bridge Capital LLC which is a multifamily real estate investment company that invests in value-add apartment communities in the United States. He earned a master's degree in finance at Northeastern University in 2017 and worked on multiple business syndications as a financial analyst for Boston-based Plateau Asset Management which is a private equity search fund that has $30 million AUM. In 2017, Dion was an analyst on a deal team that advised Citic Investment Bank's Hong Kong private equity division on the syndication of a $1.5 billion acquisition of a hotel in New York. He is currently the host of The Multifamily Investor Situation Room Podcast.
In 2010 he co-founded Rocky Mountain Education and Technology Group which is a Beijing-based education services company that has serviced more than 5,000 clients. In his spare time, Dion enjoys reading, martial arts, lifting, and learning foreign languages. Contact the author at email@example.com.