Guest:
Corri Golden
A full-time real estate investor with a diverse portfolio of single-family and small multifamily properties across Tennessee and Kentucky. Corri is also a general partner in over 500 units in multifamily apartments across Tennessee, Kentucky, and North Carolina, with a portfolio value exceeding $50 million. His real estate journey began in 2004 as a commercial real estate affiliate broker while earning his degree in business and real estate urban development.

Episode Title:
From Property Management Company Employee to Multifamily Apartment Syndicator with Corri Golden

Episode Highlights:

Introduction and Corri's Background:

• Corri’s transition from a property management company employee to a full-time multifamily apartment syndicator. 🏢→🏠
• The unique path Corri took into real estate investing, including his early interest in becoming a tennis player and the impact of Rich Dad Poor Dad. 🎾📚
• Experience working as a commercial real estate affiliate broker during the 2008 crash and later transitioning into real estate investing. 💼

Balancing a W-2 Job and Real Estate:

• Corri discusses continuing to work as a property manager while beginning his real estate investment journey, including using the 3.5% owner-occupied strategy to purchase properties. 🕒🏢
• The importance of time management and leveraging time for learning and networking in real estate while still employed full-time. 📚🎧
• Insights on working with direct-to-owner deals and the advantages of eliminating brokers to achieve better value. 💼🤝

Real Estate Transaction Discussed During the Show: Take Notes and Learn:

• A detailed account of a multifamily property deal in Murfreesboro, Tennessee, where Corri utilized economies of scale for better returns. 🏗️
• The significance of building relationships with brokers to secure deals and successfully closing on multiple properties. 🤝🏠
• Challenges faced during a capital raise, particularly in a high-interest-rate market, and how expanding their investor network helped overcome these obstacles. 💼💰

Moonlight Coaching Questions Asked and Answered:

• New Investor Tips: Ensure you thoroughly vet the operator before investing in syndications. Speak to multiple references and ask tough questions about their past deals. 📊💡
• Balancing Business and Life: Corri emphasizes the importance of defining your ideal life and being efficient with your time, sharing a technique of using 15-minute timers to stay focused and productive. ⏰👨‍👩‍👧‍👦
• Starting with Limited Time: Leverage other people’s strengths and make efficient use of your time by focusing on education, networking, and finding opportunities that align with your goals. 📚🎧
• Starting with Little Cash: Educate yourself, build a network, and consider offering sweat equity to gain experience and income. 🏠💪
• Knowing Your Numbers: Understand and analyze expenses and income to ensure your real estate investments are profitable. 📈🔍

Book Recommendation:
Love is the Killer App by Tim Sanders: A guide to doing business the right way, with a focus on connecting people and providing value. ❤️📘

Connect with Corri Golden:
[email protected]