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Making Money in Deep Value-Add Properties with John Warren, Ep. 482
Multifamily Insights
English - February 28, 2023 11:00 - 31 minutes - 43 MB - ★★★★★ - 207 ratingsInvesting Business Marketing apartments cashflow apartmentinvesting buyingapartmentbuildings buyingrealestate learningtobuyrealestate marketing multifamily realestateinvesting Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
John Warren owns 154 apartments in the Chicago MSA, and he also manages a total of 189 units. John is the managing broker at Forte Properties, Inc, and he runs a team of four agents that focuses on helping investors buy, sell, and manage their residential investment properties.
We talked to John about the competition in the 12+ units space, deep value-add properties, keys to scaling your portfolio, and much more!
Announcement: Click here to join me and other top real estate investors for the Midwest Real Estate Networking Summit!
[00:01] Opening Segment
John talks about his background;
Being an agent and investor at the same time;
[04:45] Buying Criteria and Deep Value-add Properties
What investing in 1 to 4 units looks like today;
Competition in return criteria in the 12+ units space;
John’s buying criteria;
Deep value-add properties VS. Light to medium value-add properties.
[11:18] Scaling a Portfolio
Understanding the risks before getting into deep value-add properties;
Find the right people to work with;
Keys to scaling your portfolio;
JV Partnerships and deal structures;
Advice for new investors;
Announcement: Download Our Sample Deal and Join Our Mailing List
[24:24] Round of Insights
Apparent Failure: A flip he did in 2017.
Digital Resource: Appfolio
Most Recommended Book: How to Make it Big as a Real Estate Agent
Daily Habit: Doing a modified version of the miracle morning.
#1 Insight for Growing a Multifamily Portfolio: Always look out for other people.
Best Place to Grab a Bite in Chicago: Freddies
Contact John:
You can email John by clicking here.
Episode 75 with John Warren
Tweetable Quotes:
“Good deals are made, not purchased.” - John Warren
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