144. Texas Multifamily Deal: Why Trusting the Process is Key to Success with Shane Thomas

Westside Investors Network

ABOUT SHANE THOMAS

Shane is a Canadian-born real estate entrepreneur and Co-Founder of Catalyst Equity Partners. He is also a Co-Founder of CEP Construction Services, a multifamily construction and rehab company. Shane leads the acquisitions, financing, asset management, and investor relations efforts at Catalyst. Shane leverages his expertise in large-scale project management, analytics, and process improvement to ensure Catalyst’s processes are best-in-class.

Shane is a Certified Public Accountant (CPA, Illinois) and Chartered Accountant (CA, Canada). Shane has a bachelor of Mathematics degree and a Master of Accounting degree from The University of Waterloo located in Ontario, Canada. Shane resides in Houston, Texas with his wife and three daughters.

THIS TOPIC IN A NUTSHELL:

Shane’s journey to real estate
How Catalyst Equity Partners started
His first real estate investment

Transition from a Passive investor to a General Partner

Connecting with like-minded investors
Finding the right business partner

Getting into the first deal and capital raising

Setting up an In-house Construction Company
About the 125-unit Deal in Texas
What we like about this deal

Challenges and Nuances of this deal

Post-acquisition plan for the deal

What we learned from this deal
Trusting the Process
Connect with Shane

KEY QUOTE:

“One lesson that I learned from the beginning was capitalizing your deals heavily upfront. We had a renovation budget, but many of these contingencies happen in these older deals. Looking back, we would have doubled our contingency bucket.”

SUMMARY OF BUSINESS:

Catalyst Equity Partners is a Texas-based privately held real estate investment firm founded in 2016. Catalyst focuses on the acquisition and management of large value-add multifamily properties in high-growth markets. Catalyst currently has ~1,900+ units and assets under management valued at $300M+.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

#RealEstateInvesting #Multifamily #Consulting #CertifiedPublicAccountant #CPA #LimitedPartner #GeneralPartner #Sponsor #RaisingCapital #Networking #BuildYourNetwork #Construction #VerticallyIntegrated #InHouseConstruction #Vacancy #Occupancy #Acquisition #Tenants #PropertyManagement #TrustTheProcess #RenovationBudget #RentalProperty #ValueAddPlan #Capex #Underwriting #PassiveWealth #WealthBuilder #InvestmentInsights #JoinTheWINpod #WestsideInvestorsNetwork

CONNECT WITH SHANE:

Website: https://catequity.com

LinkedIn: https://www.linkedin.com/in/shanethomas-catequity/
Facebook: facebook.com/catEquity/
Instagram: https://www.instagram.com/catalystequitypartners

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network

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· Twitter | https://twitter.com/WIN_pdx

· Instagram | @westsideinvestorsnetwork

· LinkedIn | https://www.linkedin.com/groups/13949165/

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