Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

306: How to Go From a Few Units to Over 1,000 with Monick Halm

306: How to Go From a Few Units to Over 1,000 with Monick Halm

FromBiggerPockets Real Estate Podcast


306: How to Go From a Few Units to Over 1,000 with Monick Halm

FromBiggerPockets Real Estate Podcast

ratings:
Length:
89 minutes
Released:
Nov 29, 2018
Format:
Podcast episode

Description

Are you looking to take your investing from casual to serious someday? Have you ever thought about what it would take to own thousands of units without having real estate run your life? Well, you’re in luck! On today’s show, we interview Monick Halm. Monick’s story will blow you away as she shares how she went from house hacking a duplex in L.A. to owning over one thousand units! Monick’s super simple system for finding others to partner with and invest in her deals has allowed her to scale without creating an overwhelming amount of work for herself. You’ll be amazed at Monick’s super simple formula for using the “three Cs” to find partners, her tips for raising private money naturally, and the effortless way she scales her investing. Do NOT miss her seven step criteria for choosing a new market and how to evaluate an area to find where it is in the market cycle (including which point you want to jump in at). Monick’s story is creative, encouraging, and inspiring to investors of all levels. Don’t miss out on this show filled with practical advice today!   In This Episode We Cover: How Monick bought at worst time to get into real estate How she partnered on her first house with a friend and each lived in one side (unique and creative house hacking technique) How she met Robert Helms of the Real Estate Radio podcast and it changed her thinking Her “Three C” system for evaluating potential partners to work with: Character Commitment Capacity Her 7 criteria for choosing a market to invest in: Population growth Job growth Diversified economy Landlord friendly Business friendly In the right part of the market cycle (rising market) Familiarity How she ramped up her business by getting into syndication Why finding “business friendly” markets will help ensure you have a healthy tenant pool The four stages to a market cycle (and which one you want to look for when deciding when to jump in) How she developed land to create an awesome RV park to satisfy a market with massive rental demand And SO much more! Links from the Show BiggerPockets Forums Become a Guest at the BiggerPockets Podcast The Real Estate Guys Radio Flip or Flop (TV Series) Secrets of Successful Syndication
Released:
Nov 29, 2018
Format:
Podcast episode

Titles in the series (100)

Imagine you are friends with hundreds of real estate investors and entrepreneurs. Now imagine you can grab a beer with each of them and casually chat about failures, successes, motivations, and lessons learned. That’s what The BiggerPockets Podcast delivers. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals every week. The show won’t tell you how to “get rich quick” or sell you a course, boot camp, or guru system; instead, the BiggerPockets Podcast will give you real strategies that work for real people. Start listening and join the over one million members who are learning to invest so they need Bigger Pockets! Visit biggerpockets.com, and follow Joshua Dorkin @jrdorkin, Brandon Turner @BrandonAtBP and David Greene @DavidGreene24.