#161 with Shiloh Lundahl: Scaling to 150 Units With Single Family, Multifamily, and Mobile Homes

Millennial Millionaire Real Estate Podcast

English - January 25, 2021 18:39 - 49 minutes - 90.1 MB - ★★★★★ - 56 ratings
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Previous Episode: #160 with Jonathan Farber: The Value of Being Part of a Mastermind & How to Help More People

Next Episode: #162 with Scott Choppin: How to Get into Land Development From Start to Finish

In this episode, Jonathan Farber interviews Shiloh Lundahl on his journey from getting his first rental after the 2008 crash to accumulating over 150 units across single family, multifamily, and mobile homes. Shiloh is a family therapist with a real estate side hustle based in Mesa, Arizona. In this episode, we dive into topics like: why to avoid the MLS, finding off market deals, sorting deals as you see them, and more!

Top Takeaways:

Why you shouldn’t buy off the MLS - 13:15 - 16:30

The MLS lends itself to the traditional investment model, which isn’t the most effective

The less you need out of pocket the more accessible the deals get

The key is to find off market deals that sell for below market value

How to find off market deals - 16:45 - 20:00

With the majority of buyers looking on the MLS, good deals are harder to find

You can also contact owners directly to offer them a sale

Wholesalers are another source of below-market properties, who do the marketing for you

Determining your investment criteria - 20:30 - 24:00

Start by checking if any of the deals you get are where you want to buy

Then filter out anything that has a price below the median for that market