• John Casmon

Partnering with Your Community for Investments with Kay Kay Singh, Episode 156


As an immigrant from India, Kay Kay Singh believes deeply in community and taking action to achieve the American dream. He has partnered with many in his community to partner and build multiple businesses. From running gas stations, convenience stores, a laundromat and 40 SFRs, he turned his attention to multifamily for the tax benefits. Kay Kay is now a limited or general partner in 2,764 units. In this episode, he shares why community is vital to his success, how he vets potential partners, and what you need to know before investing in a syndication.

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Key Insights

  • After 9/11, he lost his job and became a partner on a gas station

  • Another investor in his community wanted to sell him his 40 single-family homes

  • Bought the 40 single-family homes with no inspection, no financials, and no attorney from an 82 year-old owner

  • Automated processes with online payments, online maintenance submissions, lock boxes, etc.

  • With SFRs, gas stations and laundromat, Kay Kay was paying more in taxes

  • Discovered that multifamily investing would help him lower his taxes

  • Met with an operator for 15 minutes before deciding to invest with him

  • After investing in multiple deals as a passive investor, became a general partner focusing on investor relations and asset management

  • Created a list of operators from Rod Khleif’s mastermind and researching on BiggerPockets

  • First thing is to look at the syndicator, how many deals they’ve done, how knowledgeable, how honest they are

  • Search markets by rent growth, job growth, population growth and low crime (or crime reducing)

  • Unless you take action, knowledge means nothing

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Bull’s Eye Tips:

Resources:

10X Multifamily Facebook Group

Most Recommended Book:

Think or Grow Rich by Napoleon Hill

Rich Dad, Poor Dad by Robert Kiyosaki

Most Recommended Digital/Mobile Resource:

EverNote

Social Media

MyHabit

Daily Habit:

Daily Prayers and Yoga

Advice for Smart, Driven College Students:

Invest in Yourself before you invest in real estate

Advice to Ignore:

Negative People

Current Curiosity:

Economic cycle

Best Place to Grab a Bite in Fort Wayne:

Local Thai Restaurants (other than Indian food at home)

Connect with Kay Kay:

Website: growrichcapital.com

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