Mastering Real Estate

Episode 18 - The Portfolio Deal (Part 1)

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Deal Details

  • Addresses: 46 Houses throughout Birmingham...
    • Ultimately cut down to 43
    • Type: Mostly all tenant-occupied rentals
    • Average Year Built: 1966
    • Average SF: 1,607
    • Average Mix: 3 / 1.5
    • Year: Summer 2019
    • Timeline: 2 months
    • Purchase Price: $2.52M
      • Down Payment = $630,000 (20%)
      • 2 x 1031 Exchanged Flips = $130,000
      • Raised $500K from private investors

        • Portfolio Deals

        • Single-family (SF) portfolio deals are a less competitive niche in the real estate space because most investors focus on SF houses or apartment complexes
        • This can be a good way to scale your portfolio quickly
        • You must find a bank willing to put together an unconventional loan product to fund these deals

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          Key Takeaways:

          1. Single-family portfolio deals are a great secret niche
          2. Emotions matter just as much as the numbers in negotiations
          3. Fake it ‘till you make it
             

            4. Episode Resources: 

            • Slideshow Link

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                  Mastering Real EstateBy Maura McGraw
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