71. Why You Should Invest Out of State with Christopher Levarek

Westside Investors Network

English - November 09, 2022 19:00 - 35 minutes - 48.7 MB - ★★★★★ - 83 ratings
Investing Business Education Self-Improvement real estate investing syndication property investment Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: 70. Deal deep-dive: Getting our First Syndication Deal with Ashton Levarek

Next Episode: 72. Deal deep-dive: Creative financing for a Street-Smart Investor with Lou Brown

ABOUT CHRISTOPHER LEVAREK

Christopher is the Operations Manager for Valkere Investment Group. He is a former firefighter in the United States Airforce, a graduate of Arizona State University, holds an Information Technology leadership role in the Banking industry, and is a full-time real estate investor as well as co-founder of Valkere Investment Group. His experience includes single-family residential acquisitions, private lender loans, joint ventures, and multifamily real estate syndications. He lives in Phoenix, Arizona with his wife, Jamie, and two sons Christopher and Julien, where he enjoys playing the guitar, spending time with family, and reading in his spare time.

THIS TOPIC IN A NUTSHELL:

[01:33] Chris’s background and Valkere’s investment portfolio

[03:48] Transition from SFH to large multifamily

[04:52] First few deals

[05:30] What they bring to the partnership

[09:50] Process of vetting partners

[11:51] Communication with partners

[12:23] Structure of partnerships and documentation

[13:58] Why do they prefer to invest out-of-state?

[17:50] Learning curve on managing the managers

[19:35] Project management tools they use

[23:47] How they manage Property managers from out of state

[25:07] Working with Lloyd jones Property Management

[27:56] Advice to his 25-year-old self

[28:38] First Entrepreneurial endeavor

[30:00] Formal and Informal training that shaped his journey

[31:12] Biggest mistake and what he learned from it-

[34:08] How to reach out to Christopher Levarek

KEY QUOTE:

[15:09] "If you take away that option you actually become a better investor because you’re forcing yourself to create a system and process and more importantly, you’re depending on partners. So, you get really good at evaluating partnerships."

[15:23] "Most of us started in real estate because we want to be passive, we want financial freedom and more time, it does not make sense for me to create another job, so I force myself to outsource all these pieces of investment. When you do that in another state, you’re forced to. There’s really no option, you can’t just fly out there every weekend. We wanted to ensure that we are building a business and systems around it."

SUMMARY OF BUSINESS:

Valkere Investment Group is a Real estate investment group providing reliable and productive investment opportunities through a private lender and equity investment in multi-family properties.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

#realestate #realestateinvesting #passiveincome #passiveinvesting #realestateinvestor #realestateinvestment #REinvesting #multifamily #apartmentsyndication #airbnb #shorttermrentals #apartmentinvesting #cashflow #OutOfStateInvesting #underwriting #multifamily #projectmanagement #VettingPartners #bootsontheground #PartnershipStructure #LearningCurve #Partnerships #newepisode #podcasting #passivewealth #assetcreation #RoadToFinancialFreedom #WIN #JointheWINpod #WestsideInvestorsNetwork

CONNECT WITH CHRISTOPHER LEVAREK:

Website: https://valkeregroup.com

Instagram: @valkereinvestmentgroup

Facebook: @valkereinvestmentgroup

Twitter: @ValkereGroup

LinkedIn: @valkere-investment-group

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com