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MNS - 200 Units at 23 with Peter Pratti

MNS - 200 Units at 23 with Peter Pratti

FromJake and Gino Multifamily Investing Entrepreneurs


MNS - 200 Units at 23 with Peter Pratti

FromJake and Gino Multifamily Investing Entrepreneurs

ratings:
Length:
27 minutes
Released:
Aug 25, 2020
Format:
Podcast episode

Description

Topics Covered Include: Why Peter switched from a career in the medical field to real estate. The importance of having the right peer group. How education was the key to scaling at such a young age   Peter’s Bio: Peter is originally from Long Island, New York and has been living in Knoxville Tennessee which is also where he is doing all of his investing.  Peter has been in real estate for over three years.  Halfway into college, he discovered real estate and began wholesaling houses to build up capital.  Peter did this in unison to attending college.    While wholesaling Peter and his partner began looking into multi-family acquisitions and began making offers on small apartment complexes.  They started off with a 7 unit, a 6 unit, followed shortly after by a 35 unit building.  All three were bought by using their own as well as our investors capital along with acquiring bank debt.   They tacked on another 20 units and within about 14 months we had a portfolio worth 4.5 to 5 million dollars.    Peter also just recently purchased a portfolio of mobile home parks (174 lots total) for 4.5 million.  He hopes to hold this property for many years.
Released:
Aug 25, 2020
Format:
Podcast episode

Titles in the series (100)

What started out as a conversation between friends exploded into a thriving real estate investment business that continues its growth and profit. Jake and Gino are both experts in multifamily real estate investing and have achieved, by hands-on doing, the sort of financial freedom they've always wanted but were unsure was attainable. If you’re interested in multifamily strategies, syndication, increasing cash flow or just some good old fashion “make it happen” attitude, then this show is for you!