Conservative Approach to Syndicated Multi-Family Investing with Bill Zahller and Richard Coyne

Listen to the Episode (24:19)

We’re joined today by Bill Zahller and Richard Coyne from Park Capital Partners,LLC. Based in Asheville, NC, Park Capital Partners, LLC is a real estate investment firm that specializes in Syndicated Multi-Family Properties.

[00:01] – [06:56] Bill, Richard, and Park Capital Partners

Let’s get to know Bill Zahller and Richard Coyne
Richard and Bill talk about their background
- Building wealth through real estate
- Meeting and partnering with each other
The evolution of their partnership and their business
Their current investment portfolio

[06:57] – [19:00] Lessons Learned as you scale

Richard talks about the lessons they learned as they scale their investments
A strategy to build your extended team
Choosing the right property managers and partners for their deals
Things they’d do differently to avoid the mistakes they made along the way
Improving their network and building more connections with their podcast
Dealing with the challenges of networking during Covid
Risk mitigation
Taking the conservative approach to protect investors and manage expectations

[19:01] – [23:56] Final Four Segment

Advice to aspiring investors
Richard – Start Early
Bill – Get educated, continue to get educated, and get involved
How they stay on top of their game
Their way to make the world a better place
How to reach out to Bill and Richard– links below
Final words

Tweetable Quotes:

“At some point, if you want to be in it you just have to move forward, and learn.” – Bill Zahller

“You can find a deal, but if you don’t have the folks that are willing to come on board with you it gets difficult.” – Richard Coyne

“We know that compounding works best when you have a long time frame to continue to compound up money you invested. So the earlier you get on it, the better.” – Richard Coyne

“You have to pull the trigger at some point, you can just stare at the market forever.” – Bill Zahller

Resources Mentioned: