Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with Bruce Petersen, an investor from the Austin, TX area who started with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to!

In This Episode We Cover:

Bruce’s background
What a syndicator does
Why he started out with a 48-unit deal
Why it’s easier to handle a property with more units
The “deal triangle“
Tips for hosting a meet-up
The class system of properties
When to upgrade a unit
What exactly a preferred return is
How syndicating really works
How he included his daughters in the deal
How he finds deals
And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Events
Brandon’s Twitter Profile
Mindy’s Twitter Profile
Loopnet
Resman
BiggerPockets Webinars

Books Mentioned in this Show

Rich Dad Poor Dad by Robert T. Kiyosaki
Jab, Jab, Jab, Right Hook by Gary V.

Fire Round Questions

Tweetable Topics:

“Don’t ever pay off a piece of real estate ever. Not even your personal residence.” (Tweet This!)
“I’ve always syndicated everything.” (Tweet This!)

Connect with Bruce

Bruce’s BiggerPockets Profile
Bruce’s Website
Bruce’s Email

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263: College Dropout to Owning 900+ Units with Bruce Petersen 01:26:15

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263: College Dropout to Owning 900+ Units with Bruce Petersen