Luke Walters

Buying Multifamily Real Estate in Texas and the Midwest

[Luke Walters @LukeAWalters]

@ChrisRamsey60 Unsolicited fun fact from my time working in supply chain: drive in racking can massively increase storage capacity

[Luke Walters @LukeAWalters]

If during the first week of due diligence your inspector uncovers termites. What do you do?

[Luke Walters @LukeAWalters]

@MultifamilyMad This is the only correct response to that question

[Luke Walters @LukeAWalters]

Spot on!

[Two Guys Take on Real Estate @2GuysTake]

How we screen tenants:
1. 680+ credit score
2. Income 3x the monthly rent
3. Clean background check
4. No open housing court cases
5. Landlord reference
6. Employer reference

Anything else you look for?

[Luke Walters @LukeAWalters]

Had our logo updated over the weekend. What do y'all think?

[Luke Walters @LukeAWalters]

Someone just told me: ‘Builders don’t buy lots. They buy deal flow.’ Makes sense—need to focus on a steady pipeline, not just one-off deals.

[NYC Techbro @NYC_techbro]

Bro it’s a Sunday, nobody what’s to hear about your new cold call script

Go touch grass

[Luke Walters @LukeAWalters]

The name of the game is really just how to stay top of mind without being annoying. Such a fine line

[Luke Walters @LukeAWalters]

@N8RealEstate A time AND money saver

[Luke Walters @LukeAWalters]

Squeezing every last dollar from a deal might feel like a win… but at what cost? 🤔 Sure you can get the max profit today but is it really worth it if it potentially burns bridges with brokers, sellers, partners etc? A quick way to kill your pipeline if you ask me

[Luke Walters @LukeAWalters]

@CaseyMericle Terrific idea. Gonna have to try it

[Luke Walters @LukeAWalters]

Nothing makes my day like an unexpectedly large C.O.C.

[Caleb Hancock @CalebMHancock]

Riverbend Townhomes timeline (our first acquisition):
Sep ’23: Cold call owner
Oct -Dec ’23: Tour property multiple times
Jan-Mar ’24: Long back and forth negotiations
April ’24: Under contract
June ‘ 24: CLOSED (LETS GO)

From first contact to close was about 7-8 months, direct to seller takes patience but the deals are great!

[Luke Walters @LukeAWalters]

@dave_hegan Agreed! Was stuck there during a long layover and everything from outlets to restaurants was disappointing.

[Luke Walters @LukeAWalters]

Any GPs out there include buyout clauses when raising funds? Anyone ever bought out an LP? Not something I am currently looking to do but I am interested to hear others experiences

[Luke Walters @LukeAWalters]

Something I am constantly debating in my head: Syndicating larger Multi deals vs. Owning a handful of smaller deals with no investors. Pros and Cons to both. What do you think is the smarter path to wealth?

[Luke Walters @LukeAWalters]

@TannerBuilds That’s awesome. Had to drop a follow to see how it turns out - best of luck!

[Luke Walters @LukeAWalters]

@SammyDeeb I sometimes think this too! But if brokers bought all of the good deals, what would that leave for all of their clients?

[Luke Walters @LukeAWalters]

@MultifamilyMad Automatic Buy