#17 with Serge Shukhat: Come Out of the Other End with a Balance Sheet
Millennial Millionaire Real Estate Podcast
English - April 24, 2020 16:42 - 52 minutes - 48.2 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan interviews Serge Shukhat on his successful journey in Real Estate. Serge has been a huge role model to Jonathan and someone who has helped him take massive action. Serge has built a huge portfolio of 70 single-family homes that have all been sold and over 400 multi-family units. This episode uncovers topics like scaling your Real Estate portfolio, creating a corona game plan, having an acquisition strategy, and more!
Top Takeaways:
Action plan during Corona and best practices in Real Estate:
- Take care of your banking relationships or find them if you don’t have them
- If you don’t have a local community bank, go get them
- Be patient and invest in education and networking
- Identify your market strategy (SFH, multi-family, etc)
- Identify the listing agents on those sales that sold the most in the category you are looking to focus on
- Make sure the listing agents/brokers know your name
- If a property comes up for sale, they should be calling you
- Patience and liquidity
Words of advice:
- Look for equity over cashflow
- Large balance sheet
- Strong broker relationships
How to bring value to Serge:
- Looking for people to check on his properties and make sure everything is running smoothly
Social Links:
- BiggerPockets Profile: https://www.biggerpockets.com/users/sfcgee