Flying W Investments strives to purchase multifamily assets in Midwest markets and creating compelling value-add business plans to deliver asymmetric return compared to risk for the investor. The experienced team has a passion for using multifamily real estate to improve communities and provide financial freedom to its investors.
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Meet the Team
Ben Latusek
Ben Latusek is a real estate investor focusing on commercial multifamily properties in the midwest. Ben grew from 0 to 17 units in 2022 while finishing his Master’s of Business Administration and Mechanical Engineering Degrees from Iowa State University. During Ben’s time at Iowa State University, he also played Power 5 Division 1 college football for the Cyclones. Through his athletic experience, he learned the value of team building, leadership, a powerful vision, perseverance and discipline. From Ben’s MBA experience, he received a finance specialization where he focused on commercial real estate finance. It was at this time where Ben found a passion for commercial real estate and the opportunities for financial freedom that it brings. Today, Ben manages his whole real estate portfolio and has experience in the complete asset management process from acquisition to disposition.
John Latusek
John Latusek is a real estate investor focusing on commercial multifamily properties and farm land management in the midwest. John has been managing farm land in 2 separate states for over 20 years. During this time, John has grown his portfolio, optimized his current holdings, and retained strong relationships with renters. John worked nearly 30 years as a mechanical engineer. Most notably, John worked as a Product Validation and Verification Engineer for John Deere where he collaborated with engineers worldwide to validate John Deere medium and large tractors to meet requirements in different countries. Now, John works closely with Ben as a consultant and mentor where he infuses valuable asset management and property maintenance experience. John has completed extensive property renovations, has a great attention to detail, willingness to drive constant improvements.
Mission Statement
Flying W Investments strives to purchase multifamily assets in Midwest markets and creating compelling value-add business plans to deliver asymmetric return compared to risk for the investor. The experienced team has a passion for using multifamily real estate to improve communities and provide financial freedom to its investors.
Values
-Commitment to People
-Discipline to Deliver
-Alignment of Focus
-Experts in the Field
Meet the Team
Ben Latusek
Ben Latusek is a real estate investor focusing on commercial multifamily properties in the midwest. Ben grew from 0 to 17 units in 2022 while finishing his Master’s of Business Administration and Mechanical Engineering Degrees from Iowa State University. During Ben’s time at Iowa State University, he also played Power 5 Division 1 college football for the Cyclones. Through his athletic experience, he learned the value of team building, leadership, a powerful vision, perseverance and discipline. From Ben’s MBA experience, he received a finance specialization where he focused on commercial real estate finance. It was at this time where Ben found a passion for commercial real estate and the opportunities for financial freedom that it brings. Today, Ben manages his whole real estate portfolio and has experience in the complete asset management process from acquisition to disposition.
John Latusek
John Latusek is a real estate investor focusing on commercial multifamily properties and farm land management in the midwest. John has been managing farm land in 2 separate states for over 20 years. During this time, John has grown his portfolio, optimized his current holdings, and retained strong relationships with renters. John worked nearly 30 years as a mechanical engineer. Most notably, John worked as a Product Validation and Verification Engineer for John Deere where he collaborated with engineers worldwide to validate John Deere medium and large tractors to meet requirements in different countries. Now, John works closely with Ben as a consultant and mentor where he infuses valuable asset management and property maintenance experience. John has completed extensive property renovations, has a great attention to detail, willingness to drive constant improvements.
Portfolio
University Apartments
The University Apartments are a 13 unit, 1924 vintage multifamily property located in the Waveland Neighborhood of Des Moines.
Key Points:
The University Apartments were acquired in 2022 by the team. The property had been mismanaged and allowed for value-add through operations
The property is located in the desirable Waveland neighborhood of Des Moines, Iowa. This neighborhood has some of the most beautiful old homes in the city. The apartments are also located near a shopping center, bus line, and one of the busiest roads in the city.
The property has all 1 bed / 1 bathroom units that are roughly 600 square feet. The team inherited low rents and opportunity to boost income through reducing expenses. The business plan for these apartments that includes a modernization project while keeping fixtures and finishes that match the 1920's structure.
Resources & Appearances
Podcasts:
Engineers That Invest: Ben Latusek, owner of Flying W Investments, was featured in the Engineers That Invest podcast with Propertunity Partners LLC's Nde Nkimbeng. In the podcast, Ben talks about his real estate investing journey, where he is at as of September 2023, his mission and values for investing real estate, and much more! Listen to the podcast below:
Speaking Engagements:
Des Moines Multifamily Monthly Meetup: Ben Latusek, owner of Flying W Investments, spoke at the Des Moines Multifamily Monthly Meetup. In his presentation, Ben pulled from his Finance background and hands-on underwriting experience to present multifamily underwriting and analysis fundamentals. This presentation was catered for passive and active investors in the multifamily space. In this presentation, Ben goes beyond the numbers to give a better understanding of what it means to analyze multifamily real estate and realize the aspects of acquisitions that are harder to quantify. To get a copy of this slide deck, please contact blatusek@flyingwinvestments.com for more details!
Social Media:
Stay ahead in the world of real estate syndications and private equity with exclusive insights and opportunities! Follow Flying W Investments and Ben Latusek on social media for expert analyses, market trends, and exciting investment prospects that could shape your financial future.
Benefits of Syndication
Passive Income:
An investment in our multifamily opportunities create passive income for the investor during the holding period of the proeprty.
Tax Incentives:
After investing in an offering, investors are given a Form K-1, which passes tax losses to investors. Flying W utilizes strategies such as cost segregation studies, accelerated depreciation, and 1031 exchanges.
Diversification:
Flying W allows you to invest in alternative investments. If you have most of your investments in stocks and bonds, the investing in real estate can be great for diversification.
Economies of Scale:
Flying W invests in large multifamily properties which allow for efficiencies through size of operations. A multitude of professional services are used to maintain the property and ensure profitability.
Professional Management:
The Flying W Team has extensive experience in multifamily investing and asset management. The team also consults with legal, accounting, and property management professionals to ensure asymmetric returns when compared to risk.
Invest With Us
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