Investing In Value Add Multi-Residential Properties Podcast with Peter Politis

Everyday Investor with Rav Toor

English - December 21, 2019 16:30 - 21 minutes - 14.8 MB - ★★★★★ - 2 ratings
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Previous Episode: Investing in Multi-Units with Nicole Edmonds

Next Episode: Investing in Purpose Built Rentals with Darren Voros

Nicole Edmonds fills in for Rav on today’s episode, and is joined by guest Peter Politis , CEO of Greybrook Realty Partners, to discuss how to make money investing in value-add multi-residential properties.

Episode Highlights:

Greybrook’s strategy with investing in value-add multi-residential properties
The areas of renovations on which they focus
The markets where Greybrook is implementing this strategy
The returns investors are getting back on these, the potential risks, and how everyday investors can get involved

Quotes:

“I’m essentially buying a building that needs a ton of renovations in order to increase the values or the rents, and then we’re still selling that property.”

“There’s not a lot of apartments that are built today that families can live in.”

“This type of housing is actually massively in demand, and it’s really a fixed supply.”

“These buildings have been full for 30 years.”

“We’ll pay you a very appropriate price, because we know we have the ability to increase these rents and increase the value - ultimately make a very good return.”

“The rents have been so low for so long because a lot of times the current owners are just renewing leases.”

“A new building would need way more money in rent in order to make any kind of similar return.”

“We have a very arduous due diligence process.”

“It’s meant to let your money work for you rather than working for your money.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Greybrook Realty Partners homepage: https://realty.greybrook.com/