Why are partnerships so important in multifamily investing?
In this episode, I sit down with Ryan Morehead and Kevin McCarthy from Westline Equity to talk about their journeys into real estate, how they built their partnership, and what they’ve learned from getting into larger multifamily deals. Ryan brings decades of experience in multifamily property management, brokerage, and family real estate operations, while Kevin started with small single-family and multifamily properties before scaling into larger deals.
We talk about why multifamily is rarely a solo business, how the right partners can help you move faster, and why each person on a team needs to bring a different skill set to the table. Ryan and Kevin share how Westline Equity came together, how they think about underwriting, acquisitions, capital raising, mentorship, and why building a strong team has been one of the biggest keys to their growth.
We also get into their first large multifamily deal, the challenges they faced with lending, operations, seller communication, and investor updates, and the lessons they took from that experience. Toward the end, we discuss why they’re excited about the Dallas-Fort Worth market today, what they’re seeing in current valuations, and what advice they would give to investors who are just getting started.
Timestamp
00:00 Intro
01:05 Meet Ryan Morehead and Kevin McCarthy
02:06 Kevin’s journey from single-family investing to multifamily
04:45 Ryan’s background in multifamily property management
07:24 Why investors do not need to start with 100-unit deals
08:55 Why partnerships matter in multifamily investing
13:48 The role of mentorship in real estate
17:37 Lessons from their first large multifamily deal
21:12 Conservative underwriting and investor communication
25:01 Finding deals and raising capital
28:52 The future of Westline Equity
32:27 Why DFW may be a strong buying opportunity
37:25 Advice for new multifamily investors
What We Cover
- Ryan and Kevin’s different paths into real estate investing
- Scaling from smaller properties into larger multifamily deals
- Why partnerships are critical in commercial real estate
- How Westline Equity was formed
- The value of mentorship and coaching
- Lessons from a difficult first large multifamily acquisition
- Why conservative underwriting matters
- How to think about acquisitions and capital raising
- Current opportunities in the Dallas-Fort Worth multifamily market
Key Takeaways
- Multifamily investing is a team sport
- The best partnerships combine different strengths and skill sets
- Mentorship can help shorten the learning curve and avoid costly mistakes
- Conservative underwriting matters most when challenges show up
- Strong investor communication builds trust during difficult transactions
- Today’s DFW market may offer strong buying opportunities for disciplined investors
Guest Resources
- Check their website: https://westlineequity.com/
- Connect with Ryan Morehead on LinkedIn: https://www.linkedin.com/in/ryan-morehead/
- Contact Ryan: ryan@westlineequity.com
- Contact Kevin: kevin@westlineequity.com
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🌍 Website: https://www.apogeemfc.com/
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