For the first episode of our Guide to buying Multifamily Real Estate series, we have the pleasure of having Marc Weisi join us. Marc started investing in Real Estate back in 2016, and has since built a small portfolio of single and multifamily assets. He has also participated in several commercial real estate syndications as a limited partner.

Join us in this episode as we talk and learn about Marc’s view on Market Selection

[00:01 – 05:36] Opening Segment

• I welcome our guest, Marc Weisi
• Marc talks about his background
  • His investments in different markets over the years
• Marc talks about the philosophy of investing in a familiar market

[05:37 – 24:00] Market Selection

• The Maple Capital approach to market selection
  • Take a look at the Population
  • Labor growth
  • Diversity of employment
  • Housing Supply and Demand
• Selecting the right market size
• The importance of specifying your submarket and understanding your neighborhood
• Taking a look at population growth
  • Retention of the population
  • Trend of the population growth compared to the national average
• Resources for market research and analysis
  • Census Bureau
  • Bureau of Labor Statistics
  • Housing and Urban Development
  • CoStar
  • Google Mind Maps
  • Brokers
  • Economic Development Authorities

[24:01 – 29:19] TIME TO TAKE ACTION

• The main takeaway
• Three things to help inspire investors to move forward in their investing careers
  • Choose a market that you can become familiar with
  • Reach out to brokers
  • Talk to other investors in the market
• Connect with Marc online. See the links below.
• Final thoughts

Tweetable Quotes:

“When you’re starting out, get down to one market. Whether it’s your home market or a market you’re familiar with. You want to specialize and become an expert in that market. You want to know exactly what things trade for in different submarkets.” - Marc Weisi

“Real Estate is not a game for generalists, it’s “specificity gets rewarded”, in this particular industry.” - Marc Weisi

Resources Mentioned:

• Maple Capital Partners

Connect with Mark, send him an email at [email protected] or visit their website at https://www.investwithmaple.com/ 

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Visit www.nokacapital.com to learn more about investing in multifamily real estate.

I’d like to connect with you! Send me an email at [email protected].

Book Recommendations:

Rich Dad Poor Dad

Think and Grow Rich

Best Ever Apartment Syndication Book