Midwest Multifamily Development, with Omar Khan

CRE Clarity

Welcome to the CRE Clarity Podcast with Jeremy Goodrich. Today, our guest is commercial real estate investor and developer, Omar Khan. In this insightful conversation, we explore Omar’s career path from investment banking to real estate investing and development, discuss various asset classes for investment, and delve into the specifics of one of his standout deals.

Learn more about Omar and his story at creclarity.com!

“If you don't work hard and you don't manage your affairs in a judicious manner, then everywhere in the world, you are going to run into trouble.“

01:20

Omar grew up in an entrepreneurial family with a strong background in commercial real estate. After working in investment banking, where he gained valuable knowledge about taxes, Omar focused on reducing his tax burden while ensuring financial security for his family. He approached his business with consistency and intelligence.

“If you have good partners with similar shared values, you can go much further in a much shorter period of time with way less effort.”

15:46 Omar shares his insights on limiting tax exposure, even with a W2 job. He recommends getting involved in tax-incentivized industries like oil and gas or real estate and emphasizes the importance of carefully managing your 401(k). As a business owner, he explains, it's easier to limit tax exposure by deferring taxes.

Omar looked into various real estate asset classes, including retail and industrial, but ultimately chose multifamily properties for their generous tax write-offs. He focuses on B and A-class properties. In 2020, he expanded his portfolio to include development, highlighting that strong partnerships were key to his success.

“In our line of work, success is not doing stupid things.”

31:51

He’s eager to grow his leadership team and expand their portfolio. Meanwhile, he keeps a close watch on the industry, making wise decisions in the challenging real estate landscape.

About our Guest, Omar Khan

Omar has advised on $3.7 billion in capital financing and M&A transactions, as well as securing $50+ million in equity from private and institutional capital. He is a graduate from the Rotman School of Business (University of Toronto), and a CFA charter holder with 10+ years of investing experience across real estate and commodities. As the principal of Boardwalk Wealth, Omar is primarily responsible for developing strong relationships with private and institutional investors, brokers, and strategic partners. He has closed on over $450 million of assets across TX, GA, FL, and SD.

Mentioned in the show:

1. His LinkedIn

2. https://www.boardwalkwealth.com/

3. www.shineinsurance.com/

4. The REI Clarity Framework

Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/

Special thanks to Omar Khan for taking the time to share so many great insights with us If you enjoyed this podcast, there’s a couple of things we need you to do right now:

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Until the next time, We truly appreciate you listening.

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Show produced by Eni Horvath