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488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary”

488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary”

FromBiggerPockets Real Estate Podcast


488: From 4 Units to 2,000 and Why Large Multifamily “Isn’t So Scary”

FromBiggerPockets Real Estate Podcast

ratings:
Length:
85 minutes
Released:
Jul 22, 2021
Format:
Podcast episode

Description

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?For Feras Moussa, stacking single-family properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99-unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cash-flowing, high-value piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.If you feel too scared to jump (or even dip your toe) into bigger multifamily investments, hear out Feras. He shows it’s a lot less scary than most people think.In This Episode We Cover:How to scale your real estate investment portfolio with medium/large multifamilyThe habits that a successful multifamily investor developsNetworking and being more than just the “business card” personWhy masterminds are a HUGE source of deals, partners, and friendsUnderwriting and how it differs from basic deal analysisUsing “value-add” to increase the value of a property and cash flowThe red flags you should look for when buying multifamily properties And SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets CalculatorsBiggerPockets Youtube ChannelGoBundanceBrandon's BooksBest Ever ConferenceBlackstoneCheck the full show notes here: https://biggerpockets.com/show488See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jul 22, 2021
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.