#198 with Matt Whitermore & Daniel Odabashian: Creating a High-Equity Portfolio of Over 75 Properties
Millennial Millionaire Real Estate Podcast
English - March 22, 2021 23:24 - 45 minutes - 84 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Matt Whitermore and partner Dan Odabashian on their journey from their separate but similar starts as small time investors to creating a high-equity portfolio of over 75 properties. Matt and Dan are a multifamily investor group based in Albany, New York. In this episode, we dig into topics like: when to get started in multifamily, creating a foundation for rapid growth, keeping investors interested after first contact, and more!
Top Takeaways:
How early you should start into multifamily - 14:30 - 17:30
Think bigger earlier and grow as fast as you can
The scale of multifamily operations is the single biggest gain you can make
You don’t have to jump straight in, though - you can establish a track record first
Laying out your strategy for rapid growth - 18:30 - 23:00
If you set a goal it becomes clear what path you need to take to meet that
Even in the beginning, marketing and systems infrastructure can get started that will keep helping
Always be telling people about your business, no one will invest if they don’t know you’re investing
Keeping potential investors on the hook after they’ve shown interest - 26:45 - 29:30
Quite literally anyone you encounter could become an investor with you
Anything you can do to help solve someone’s problem or show your expertise is great
Once you have the record for it, you can get soft commits for any deal you may find
Resources:
Book by Hunter Thompson: Raising Capital for Real Estate
Social Links:
biggerpockets.com/users/mswhitermore
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Youtube: https://www.youtube.com/channel/UCB8BJ8K5ILXdfOnsDWamVqw
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
Cracking Superhost course: https://classes.milliondollarrenter.com/courses/cracking-superhost