#49 with Logan Freeman: The Path to Syndicating Large Commercial Rehabs

Millennial Millionaire Real Estate Podcast

English - August 12, 2020 19:41 - 1 hour - 128 MB - ★★★★★ - 56 ratings
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Previous Episode: #48 with Jesse Fragale: How to Utilize Social Media to Scale Your Real Estate Business

Next Episode: #50 with Neal Bawa: The Best System for Analyzing Properties and Working with Virtual Assistants

In this episode, Jonathan Farber interviews Logan Freeman on his path from jumping into his first flip to syndicating large multifamily affordable housing projects. Logan is a Kansas City based syndicator who has moved into large scale commercial rehabs. In this episode, we dive into topics like: getting your first deal done, the benefits of commercial real estate, balancing research with execution, and more!

Top Takeaways:

How to break into your first deal - 14:30 - 18:40

Having a little bit saved up is always a good place to start

Get on BiggerPockets and tap into your local network

Find the people that can guide you into a good deal

Do your own vetting and get second and third opinions

The benefits of commercial over single family homes - 24:30 - 28:50

Single family home appraisals are often based largely on comps

When other people have control over your values, you’re in a more difficult spot

Commercial real estate lends itself to creating a business to run it

How to balance research with execution - 29:15 - 38:00

High self-awareness helps you know when you’re ready and where you need help