#99 with Jason Yarusi: How to Scale to 800 Units & Raising Money Effectively for Deals
Millennial Millionaire Real Estate Podcast
English - October 21, 2020 19:00 - 38 minutes - 71.1 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Jason Yarusi on his road from a simple desire to reclaim his time to managing over 800 units. Jason is a large multifamily syndicator based in New Jersey. In this episode, we get into topics like: scaling from small to large multifamily, difficulties from large multifamily deals, why to focus on select markets, and more!
Top Takeaways:
Transitioning from small to large multifamily - 10:30 - 13:00
Bigger is not necessarily scarier
The bigger the building, the smaller the problem one vacancy becomes
As the property gets bigger, the scale of savings and efficiencies scales as well
The biggest challenges posed by large multifamily real estate - 13:30 - 17:15
The biggest mistake that overwhelms investors is trying to take it all on at once
The more specific you are in your deal search, the better your results will turn out
If you limit your market to a few neighbourhoods, you’ll quickly master that market
The benefits of specializing your team - 18:30 - 20:00
If your team is already established, it can save you enormous headache in finding the right deals
If you’re finding all your deals yourself, you likely don’t have the knowledge across several markets
Even if a market fizzles out, you’ve just proven a process and eliminated a zone from your search
Resources:
milkeninstitute.org/reports/best-performing-cities-2020
Social Links:
biggerpockets.com/users/jasonyarusi
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
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