#185 with David Kamara: Scaling to Over 300 Units Between His Personal and Syndicated Properties

Millennial Millionaire Real Estate Podcast

English - March 01, 2021 18:33 - 43 minutes - 79.2 MB - ★★★★★ - 56 ratings
Investing Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: #184 with Jonathan Farber: What's New and What I'm Focused On

Next Episode: #186 with Kyle Mitchell: How to Get Started in Multifamily Investing & Scaling to a 150 Million Dollar Portfolio

In this episode, Jonathan Farber interviews David Kamara on his path from discovering the opportunity in real estate while buying his own home to amassing over 300 units between his personal and syndicated properties. David is a small multifamily investor turned syndicator based in Michigan. In this episode, we delve into topics like: understanding management consulting, finding an area that balances comfort and price, the right way to buy property at auction, and more!

Top Takeaways:

How management consulting could help your business - 12:15 - 15:00

A consultant will bring expertise to advise on a specific business function

They can help you match your processes and systems to the goals you’ve set

The outside perspective of a consultant can be the needed boost to get back on track

Choosing an area that’s both affordable and reliable - 24:30 - 25:45

If you have the hustle to get higher returns early on, you’re going to balance some risk

Wherever you go, if you treat people well you’ll earn their respect

Finding that line between dangerous and cushy can take you a long way

Advice for buying at auction - 26:15 - 28:30

While due diligence won’t look the same as a normal listing, you can still research what you have

The auction holder will release the list of available properties, and you can go examine them