cover of episode 175: The Power of a Team to Build a Multifamily Real Estate Empire with Mike O’Connor and Matt Wood

175: The Power of a Team to Build a Multifamily Real Estate Empire with Mike O’Connor and Matt Wood

Publish Date: 2016/5/19
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p>Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the <a href="https://www.biggerpockets.com/podcast">BiggerPockets Podcast</a>,where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio (150+ units) in a very short time thanks to the power of a team. You’ll learn why they jumped straight from a single house to an apartment complex and the mindset and strategies needed to pull it off successfully. This highly entertaining show will have you taking notes — and laughing — ’til the very end!</p><p>In This Episode We Cover:</p><ul>
  • The backstory of Mike and Matt’s investing career
  • The cool story on how they started working together
  • The value of analyzing deals
  • “Aunt Jemima” as their first property
  • What Section 8 is and some of its benefits
  • Tips for bringing more people on the team
  • Why their first deal was important
  • How they find the right people for their team
  • How they scored a 32-unit as their second deal
  • How they went from 32 to 100 units through creative financing
  • Tips for having a job while investing
  • WhatsApp and why they use it
  • How they differentiate roles in their company
  • The importance of systemizing and automating to scale their business
  • The Unique Wide Oak Deal
  • Why you should build relationships with your local banks
  • Why confidence matters in this business
  • And SO much more!

    • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “We want to be good landlords, we truly enjoy providing good living conditions to our tenants.” (Tweet This!)
    • “To know that there is something that we can control that is providing us income is huge.” (Tweet This!)
    • “I’d rather have a small percent of a deal than zero percent of the deal.” (Tweet This!)
    • “You have to be ready to pivot based on the deal because not every deal fits in the same box.” (Tweet This!)

    Connect with Mike and Matt

    Learn more about your ad choices. Visit megaphone.fm/adchoices