The term ‘overnight success’ no doubt makes many of us green with envy. But is that expression even true? While we may see the fruits of someone’s labor, we don’t witness the hard work and constant sacrifices these people made to reach the top. Our guest today, William Walker, knows all about this sweat equity. When he left his W-2, he spent eight months putting in the hard work, building relationships, networking, and living off of ramen and peanut butter and honey sandwiches.
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While this ultimately led him to his first large syndication of 160-units, he does not sugarcoat the work it took to get him there. In this episode, we learn more about William’s journey from being a CPA to a full-time real estate junkie. He also shares the pivotal role that relationships have played in his success and how joining a networking group gave him the courage to pursue syndication full-time. He had seen what raising capital was like from an institutional perspective, but seeing it done by people with boots on the ground really inspired him. We also learn more about a recent deal that his firm was involved in, the importance of grit and perseverance, and much more. Be sure to tune in today!
Key Points from This Episode:
- Learn about William’s background and his transition from his W-2 to full-time syndication.
- The details of William’s first large syndication and how he met his partner.
- How joining a networking group gave William confidence he needed to pursue syndication.
- The evolution of William’s role at 4M REI since joining the company.
- Learn more about the details of a recent multifamily deal that 4M REI closed in Georgia.
- What delayed the close of the deal and what kept the momentum going the whole time.
- Why William is not too concerned with bridge loan debt in light of the predicted correction.
- The hardest part of syndication, preparation for the downturn, and the biggest contributor to Will’s success.
[bctt tweet=”The more deals you underwrite, the more likely you are going to start seeing trends. — William Walker” username=”whitney_sewell”]
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About William Walker
William is a CPA in the state of TN and a registered appraiser in GA. He has obtained diverse experience in portfolio and single-asset valuation, transaction due diligence, valuation review, quality of earnings analysis, construction, and property management, through his work as a consultant with Ernst & Young in their Transaction Real Estate Practice, and as a Managing Partner with 4M REI in the private equity sector.
While with EY, William worked on large transactions such as the acquisition of Post Properties by MAA, a 25,000-unit portfolio purchase. Since 2017 while working in the private sector, William has been a general partner on over $55 million of multifamily acquisitions.
Additionally, he has acquired management and new construction experience through his portfolio in Nashville, TN. William’s real estate valuation, accounting, and auditing background provides focused, applicable experience and support during acquisition, and throughout the life of the investment.
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