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.

39: $500 Per Door on Multifamily Properties (During COVID!) with Thomas Tsitouridis

39: $500 Per Door on Multifamily Properties (During COVID!) with Thomas Tsitouridis

FromReal Estate Rookie


39: $500 Per Door on Multifamily Properties (During COVID!) with Thomas Tsitouridis

FromReal Estate Rookie

ratings:
Length:
56 minutes
Released:
Nov 25, 2020
Format:
Podcast episode

Description

Thomas Tsitouridis is truly a jack of all trades. As a kid, he was used to helping on the project-management side of his parent’s 64-unit apartment building (taking out the trash, helping with tenants, and so on). He later realized that real estate investing would hold a special place in his future.Thomas later worked for a construction manager, then chose to start his own construction business, property management business, and long term buy-and-hold business. Using the experience and cash flow from his construction business, Thomas found that he could amplify his money by buying deals and using his own team to do the construction and rehab.Now Thomas (and his partner) are buying multifamily deals, fixing them up, and getting sustainable cash flow, so they can retire early. Within his first year as a real estate investor, he has already learnt a lot. Thomas shares some great tips on tenant management, system automations, construction, and even financing so you can get better ROI earlier on! In This Episode We Cover:What to look for when partnering up with other investorsThe importance of having a great broker on your teamWhy you need to take action and lock down your first deal How to facilitate a rent increase while having empathy for tenantsHow to split responsibility between you and your partnerWhy ARM loans are a great choice for the BRRRR strategyManaging tenants while controlling your own emotionsWhy you need to ask the stupid questions to be smarter later onHow to start automating everything in your real estate businessAnd SO much more!Links from the ShowReal Estate Rookie Facebook GroupAshley's InstagramTony's InstagramRealtor.comBiggerPockets CalculatorsBiggerPockets InsightsChaseBuildiumTidying Up with Marie KondoCheck the full show notes here: https://www.biggerpockets.com/rookie39See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Nov 25, 2020
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.