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Home > BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets > 205: Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm
Podcast: BiggerPockets Podcast : Real Estate Investing and Wealth Building to Help You Get Bigger Pockets
Episode:

205: Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm
Category: Business
Duration: 01:02:23
Publish Date: 2016-12-15 01:00:00
Description:

How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!

In This Episode We Cover:

  • A quick recap on how Jered got started in this game
  • What market is he in and how it changed over the last couple of years
  • Why he moved his investing from Cincinnati to Atlanta
  • How he uses partnerships to manage different markets
  • Tips for funding using other people’s money
  • The goal that led to using syndication
  • Self-fulfillment rather than just buying more
  • The importance of figuring out your “why“
  • How he has the discipline to not spend their quadrupled income
  • Why you should separate out the “business income”
  • How he found his 42-unit apartment complex
  • Tips on managing cold calling 
  • What criteria was he looking for
  • The advantages of having dedicated water lines for the units
  • The beauty of adding value to properties
  • What exactly a resident manager is
  • Why building structures made the difference in their business
  • How he financed this multifamily deal
  • Using the BRRRR strategy on large multifamily
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “Self fulfillment is how can you be the best you can be while also helping others be the best they can be.” (Tweet This!)
  • “We’ve over prepared for the future, and even though we’re still pretty small, we’re running like a large company.” (Tweet This!)
  • “Management makes or break the investment.” (Tweet This!)

Connect with Jered
Total Play: 0

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