Today we are completing the conversation with Jeff Holst about buying apartments and then without skipping a beat we are transitioning to a conversation with Nancee Tegeder about Syndication - how you put together the money to buy the apartments. Nancee is an attorney with CrowdFunding Lawyers and all they do is securities law.
Jeff Holst is a recovering attorney, real estate investor, YouTube show host (the Old Fashioned Real Estate Show), world traveler, and spreader of joy and happiness. He makes his living owning multi-family properties. We talked about his story and the particulars of buying apartments but ran out of time in the Q&A period. So we finish that today and quickly switch over to Nancee.
Multi-family is one way to retire early from your day-to-day job and it doesn’t take as much money to get started as you might think. And this is coming to you with limited commercial interruption so we can get it all in. Our sponsors thank you for your support!
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Sponsors
American IRA: www.americanIRA.com
The Flipping America Buyers Club bit.ly/flippingamericabuyersclub
Announcements:
- The Flipping America REIA meets every Wednesday from noon to 2 and Thursday from 7-9. You can join the REIA and learn real estate investing from the comfort of your own home, or get together with a few friends and form a chapter in your area. Learn more at flippingamericareia.com.
- Flipping America App is in the app store. You can listen to the show, read the show notes, and the entire catalog of shows is now available to you. It’s a free download and there are no upsells or in-app purchases. Free to download, free to listen. Go ahead and give it a try and drop me a line and let me know what you think.
- FlipCalcs allows you to enter one data set about a property and consider up to six deal possibilities .
- “Real Estate Investing Quick Start” Fifteen lessons to start your real estate investing career. Study from the comfort of your own home. I give you 8 action assignments in lesson 1 and show you how to complete them while holding your feet to the fire over the next 15 lessons. bit.ly/requickstart.
Questions:
- Caitlin, Fort Worth, TX: “Why are you only taking 200 members into the buyers club?”
- Swanson, Milwaukee, WI. “I’m curious about why you are charging a membership fee for the buyers club.”
- Jackie, Villages of Ocala, FL “I don’t know cap rate from my husband's cap size. Do I need a lot of technical knowledge to invest in apartments?”
- Jake, NOT from State Farm, but from Dubuque IA, “I know you are buying properties in other states sight unseen. Help me understand the thought process that allows you to do that. I can’t seem to pull the trigger.”
- Susan from Mobile, AL “Would you ever buy a home that had previously been flooded? If so there is a lot of opportunity around here right now.”
- Joe, Atlanta, GA “If the BOR method is so good, why aren’t more people doing it?”
Motivational Quote:
Progress always involves risk. You can’t steal 2nd base and keep your foot on 1st.– Fred Wilcox
