What States to Avoid When Investing with Kyle & Lelita Mitchell

Gary Lipsky is a Managing Partner of APT Capital Group, which buys opportunistic value-add B & C class properties. Gary has been a real estate investor since 2002 and has invested in over 1700 units with $17MM AUM. Gary is Real Estate Financial Modeling Certified and has been a successful business operator for over 30 years.

Prior to forming APT Capital Group, Gary was the President and Founder of Break of Day Capital. Gary was also the Founder/Co-President of arc, a company he grew to over $12 million in revenue and over 700 employees while positively affecting over 9,000 students daily throughout Southern California. Additionally, he is one of the founding Board Members of the non-profit CORE Educational Services.

Gary hosts 3 meetup groups, educational webinars, and co-hosts the podcast Asset Management Fridays.

Lalita Mitchell is a Managing Partner of APT Capital Group who’s passion is in helping others and making a difference in any way she can while striving to make a memorable impact on others. With a focus on raising capital and investor relations, Lalita has been investing in income producing real estate since 2017 and currently has $17MM in multifamily assets in the Arizona markets.

Prior to forming APT Capital Group, Lalita was a Managing Partner and Co-Founder of Limitless Estates. Lalita is also currently a General Manager and Regional Sales Director for a golf management company where she oversees 50+ employees and $5MM+ in revenue on a daily basis.

Lalita hosts 2 meetup groups and is the co-host of the Passive Income through Multifamily Real Estate podcast.

On This Episode:

• Kyle shares the incredible difficulty he experienced with the California landlord laws.
• Hear why Kyle prefers multi-family to single-family.
• Learn what states to avoid when investing.

Key Takeaways:

1. Avoid investing in states that ignore contract law. 
2. Invest with the tenant in mind.
3. Lock up your long-term debt so that if there is a downturn you can ride it out.

Tweetable Quotes:

• “If you work with tenants instead of against them, it could work out to your benefit.”

Limitless Estates:

https://www.aptcapitalgroup.com/

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