Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That’s why we had to bring back one of our most popular guests on the BiggerPockets Podcast, Serge Shukhat.

The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with TONS of actionable tips, stories and warnings, this is one episode you are going to want (and need) to listen to over and over again.

In This Episode We Cover:

How Serge got started in real estate
What he’s been up to since his last episode
What value add and value add investors are
What you need to know about commercial lending
How he used seller financing for his 32 units
The 3 components of successfully purchasing multifamily properties
The ins and outs of cap rate and exit cap rate
Why Serge does his own property management
Things to avoid when value add investing
What exactly submetering is
Instances when overlooking things may cause problems later on
Thoughts on using multi-units as vacation rentals
How to train resident managers and tenants
The importance of changing your strategy depending on the market
What you should know about long term 30-year fixed financing
What secondary markets are — and why Serge likes them
How to connect with owners and resident managers
How to keep a competitive advantage
And SO much more!

Links from the Show

BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Forums
Stop Obsessing About All Those Damn “Rules” in Your Real Estate Investing (Blog Post)
LoopNet
BiggerPockets Multi-Family and Apartment Investing Forums

Books Mentioned in this Show

Tweetable Topics:

“If you want to do a syndication, make sure you find a syndicator that is experienced. It’s all about the sponsor.” (Tweet This!)
“Time is not your enemy in real estate, time is your friend.” (Tweet This!)
“Be on a location where people want to be.” (Tweet This!)
“No matter how successful you are, you got to keep moving forward.” (Tweet This!)

Connect with Serge

Serge’s BiggerPockets Profile

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

131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat 01:28:58

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131: Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat