Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.
The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.
In This Episode We Cover:
How Serge got started in real estateWhat he’s been up to since his last episodeWhat value add and value add investors areWhat you need to know about commercial lendingHow he used seller financing for his 32 unitsThe 3 components of successfully purchasing multifamily propertiesThe ins and outs of cap rate and exit cap rateWhy Serge does his own property managementThings to avoid when value add investingWhat exactly submetering isInstances when overlooking things may cause problems later onThoughts on using multi-units as vacation rentalsHow to train resident managers and tenantsThe importance of changing your strategy depending on the marketWhat you should know about long term 30-year fixed financingWhat secondary markets are — and why Serge likes themHow to connect with owners and resident managersHow to keep a competitive advantageAnd SO much more!BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge ShukhatBP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets ForumsStop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post)
LoopNetBiggerPockets Multi-Family and Apartment Investing ForumsBooks Mentioned in this Show
The Magic of Thinking Big by David J. Schwartz
Rich Dad Poor Dad by Robert T. Kiyosaki
Landlording on Auto-Pilot by Mike Butler
The Real Book of Real Estate by Robert T. Kiyosaki
The 7 Habits of Highly Effective People by Stephen Covey
The ABCs of Real Estate Investing by Ken McElroy
The E-Myth Revisited by Michael E. Gerber
The ONE Thing by Gary Keller
How to Win Friends & Influence People by Dale Carnegie
“If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)“Time is not your enemy in real estate, time is your friend.” (Tweet This!)“Be on a location where people want to be.” (Tweet This!)“No matter how successful you are, you got to keep moving forward.” (Tweet This!)Connect with Serge
- Serge’s BiggerPockets Profile
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