61. Level up your portfolio with Todd Locker

Description

ABOUT TODD LOCKER

Todd Locker is a Multifamily Investment Broker at Washington First Properties. Todd's extensive real estate skill-set encompasses a multitude of disciplines including, investment sales, asset management, development, valuation, and investment consulting. Todd has successfully managed over ten thousand apartment homes located in Washington, Idaho, and Oregon. He is currently a licensed real estate broker in both Washington and Oregon.

THIS TOPIC IN A NUTSHELL:

[01:19] Todd's career background

[02:43] Buying a triplex with family as a first investment

[04:00] Buying the next multifamily units

[06:02] Three powers that you need to buy real estate

[09:32] How to handle projected rents/proforma?

[12:47] Going sabbatical

[13:56] Challenges in property management

[17:05] Refinancing the properties bought

[22:17] Venture into condos with land

[24:16] Repeating the same business model

[27:16] Funding reserves and HOA

[28:40] RUBS implementation

[31:20] Housing loans and tax credits

[32:34] Turnkey investing

[35:00] Advice to his 25-year-old self

[37:08] First entrepreneurial endeavor

[38:19] Formal and informal training that shaped his journey

[41:22] Biggest mistake and what did he learn from it

[47:50] How to reach out to Todd Locker

KEY QUOTE:

[35:05] Advice to his 25-year-old self:

“I would be more aggressive about buying my own portfolio, I would probably start buying and selling more stuff sooner to build up more. Instead of worrying about people’s stuff, it’s better to work for yourself and just start now. “

[36:12] “I tell my manager that whatever you do with your duplex, triplex, or your house it’s the same stuff, we use the same vendors and maintenance guys, you know the work that needs to be done. The principles are all there and you understand it, so just do it. “

SUMMARY OF BUSINESS:

Oregon First, Realtors was established in 1994, adding Washington First Properties in 2006. We're a homegrown, independent Pacific NW
brokerage with around 250 agents.

We've earned our strong reputation by concentrating on what’s
really important, both to our brokers and their clients. Our business, like the
business of real estate itself, is about long-term gains earned through hard
work, professionalism, and careful attention to our fiduciary duty to our
clients.

ABOUT THE WESTSIDE INVESTORS NETWORK

TheWestside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH TODD LOCKER:

Phone: 503-750-1812

Email: todd.locker@yahoo.com

Website: https://www.oregonfirst.com/

LinkedIn: https://www.linkedin.com/in/todd-o-locker-ccim-cpm%C2%AE-484b3015/

Facebook: https://www.facebook.com/todd.locker1

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com