AIJ064: Turning $20k Into a 3 Million Dollar Multifamily Portfolio - with Ryan Short
The Lead Sponsor - Real Estate Investing Through Syndications and Funds
English - August 03, 2020 06:00 - 38 minutes - 26.4 MB - ★★★★★ - 55 ratingsInvesting Business Entrepreneurship david robinson real estate investing apartment investing multifamily investing apartment syndication multi-family syndication cashflow investing multifamily apartments Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Ryan Short shares how he turned $20,000 into a 3 million dollar multifamily portfolio in just a few short years all while working in full time in the family business.
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ABOUT OUR GUEST:
I started investing in real estate In 2015. I am the owner and co-founder of Title Town Acquisitions. We Specialize in the acquisition, rehab, and management of multi-family real estate in Massachusetts and Rhode Island. I own over $3 million in real estate.
KEY POINTS:
2:10 what Ryan was doing before real estate
3:02 how he was inspired by his grandparents who bought an investment property
4:27 how he transitioned from the construction world into real estate investing
5:25 how he house hacked his first 4 unit
6:50 why he focused on multifamily versus single family
7:25 how he found his first deal
10:03 who he refinanced the deal within 7 months and then bought another property
15:42 why he decided to focus on commercial real estate moving forward
17:20 how he found and financed a 7-unit commercial property on his 3rd deal.
20:30 how he renovated the property
24:00 how he refinanced, pulled out over 100k and the property still cash-flows
25:00 what he's focused on today
27:03 what kept him from focusing on commercial earlier on
28.12 how he finds investors to partner with
29:54 how far he is willing to travel for his deals
31:05 what's the biggest mistake you've made
32:02 what's the biggest win you had?
Quote: Seeing the check in my hand for $105,000 was really exciting!
Quote: You make your money when you buy...always be conservative with your underwriting
Quick clip: 26:35 - Why didn't you focus on commercial earlier?
CONNECT WITH OUR GUEST:
Instagram: @Titletownacquisitions
website: https://www.titletownacquisitions.com/
Phone: 774-219-7466
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