cover of episode 420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner

420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner

Publish Date: 2020/11/26
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p><strong>David Grabiner</strong> takes the term “<strong>long distance investor</strong>” to the extreme. While he was a hospital administrator in the <strong>Democratic Republic of Congo</strong>, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up <a href="https://www.biggerpockets.com/member-blogs/8266/64085-10-best-ways-to-find-great-multifamily-properties"><strong>multifamily deals</strong></a>.</p><p>David started out by <strong>partnering up</strong> with his father, buying a <strong>quadplex </strong>that helped him get his initial training in <a href="https://www.biggerpockets.com/real-estate-companies/property-management"><strong>property management</strong></a>. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to <strong>150+ units</strong>!</p><p>This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a <strong>deal-finding machine</strong>, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga.</p><p>Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on<strong> property management, landlording, and </strong><a href="https://www.biggerpockets.com/blog/2013-01-27-tenant-screening"><strong>tenant screening</strong></a>.</p><p>In This Episode We Cover:</p><ul>
  • Finding your “unfair advantage” and how it can help your investing career
  • Approaching different investors with different points of view
  • The importance of networking for off-market deals
  • Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others
  • How to find, screen, and keep tenants in place
  • How you can quickly increase a property’s value (simply by being a great property manager)
  • Finding the “sweet spot” in multi-family deals
  • Setting up systems for automated property management (so you can scale!)
  • And SO much more!

    • Links from the Show

    Check the full show notes here: https://www.biggerpockets.com/show420

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