Apr 21, 2020
An almost $2MM rebuild of a
single-family home pushed Kristine Jefferson to transition into
multifamily. The only problem was she knew that she wanted a
partner to compliment her skillset. She found her partner at a
meetup and focused on building a strong partnership that has led to
a portfolio of 1400 units.
Her firm, Mission Bay Capital
Partners, specializes in multifamily acquisitions and syndications.
In this episode, Kristine shares what she learned from those
single-family deals and how the skills transitioned into
multifamily, how to build strong partnerships, and how they scaled
their portfolio of 1,400 units.
Partner: Get Multifamily
and Marketing Consultation through the Capital Impact
- Kristine started in single-family fix flips,
raising money primarily through private funds.
an almost $2MM tear-down and rebuild of a single-family property
pushed Kristine into Multifamily: “Why am I going through this for
one door when I could be doing multiple doors?”
Kristine made the leap from single-family to multifamily. Her
journey included: Going to meetups, a mentor, educational programs
and a lot of drive.
Kristine felt it was important to get a partner for her multifamily
qualities to look for when searching out the perfect
to form a strong partnership. Tip: Do a deal together before making
the partnership formal.
to build a solid business foundation to enable growth.
- Target Markets: Georgia, North Carolina, South
Carolina. Most off-market acquisitions. Focus on secondary and
to look for and what to avoid when investing in smaller
practices when talking to investors and raising capital (investors
are more concerned about the market vs. the
- Analyzing metro markets and their sub-markets:
Sometimes you have to take a microscopic look to ensure a good
advice on raising capital: Know the deal inside and out and
remember raising money starts before you have the
it’s important to focus on the opportunity that you are creating
our Sample Deal Package
Tear down rebuild/monster:
pushed her to MF - time & money suck
Investor Deal Room (online
Most Recommended Book:
Morning routine: Lunch for the
kids, a walk for the dog, gym, reading, and prioritizing
Wish I Knew When I Was Starting Out:
Wish she started when she was
Advice for Smart, Driven College Student:
It’s hard work: You get out of
it what you put into it. Stay true to yourself.
Best Place to Grab a Bite in Northern Virginia Fairfax
Teddy & The Bully Bar