#63 with Antoine Martel: Scaling to 15M in Multifamily Assets & 100 Flips a Year by Age 25

Millennial Millionaire Real Estate Podcast

English - September 01, 2020 19:32 - 43 minutes - 80.3 MB - ★★★★★ - 56 ratings
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Previous Episode: #62 with Leanna Haakons: How You Can Become Financially Free Investing Outside of Real Estate

Next Episode: #64 with Tyler Jensen: Scaling to 40 Flips a Year with Incredible Processes

In this episode, Jonathan Farber interviews Antoine Martel on his path from his first flip on a hard budget of $40,000 to controlling $15 million in multifamily assets and doing 100 flips a year. Antoine is a multifamily and turnkey flipper from Los Angeles. In this episode, we dive into topics like real estate growth strategies, why to start with turnkey real estate, scaling into new markets, and more!

Top Takeaways:

Antoine’s main strategies for growth - 9:00 - 10:15

Primary strategy with a small portfolio is BRRRR - 1 to 10 houses

Buy, Rehab, Rent, Refinance, Repeat

The primary strategy for outside investors is turnkey investments

Turnkey delivers a property already up and running as an investment to a client

Rehab a fixer-upper, rent it, install a property manager, and sell

Why is turnkey a great place to start - 10:45 - 15:00

New investors often overestimate their ability to add value from a distance

Anyone with relatively small capital will fare better in a turnkey property

Everything is already set up for you and can get a feel for the process without the extra effort

Scaling up and choosing markets - 15:30 - 18:00