135: Raising Money to Buy 1,000 Apartment Units with Brian Adams | Bigger Pockets Podcast
How does someone shift from buying single family houses to buying hundred+ unit apartment complexes? That’s the topic we’re diving into today on the BiggerPockets Podcast with real estate investor and former CPA Brian Adams. This show is packed to the brim with actionable tips and advice for anyone looking to expand their real estate business, quit their job, raise private capital, and work less while enjoying life more. You’ll be inspired and motivated by interview, so don’t miss a moment of it!
In This Episode We Cover:
The important perspectives Brain gained from his grandfather and football coach
How he bought a rental property with a CPA background
The impetus he used to change how things were going with his life
How to plan and implement a journey to real estate investing
The process of partnering with a group
Things Brian would’ve done better if he started all over again
How to pick your partner’s brain when making deals
Brian’s 98-unit deal — that ended up folding
What to do when your investors back out on a deal
What you should know about exit strategies
How he gets paid with kind of deals he does
How he plays matchmaker for investors and buyers
The importance of the “ABM” (Always Be Marketing) strategy
And SO much more!
Links from the Show
Listen to BiggerPockets Podcast on Stitcher
BiggerPockets Webinar
BiggerPockets Forums
Marcus & Millichap
IRR
Costar
LoopNet
Multifamily and Apartment Investing Forums
I quit my CPA Job to buy Large Apartment Buildings (Forum Thread)
Books Mentioned in this Show
The 7 Habits of Highly Effective People by Stephen Covey
80/20 Sales and Marketing by Perry Marshall
Emerging Real Estate Markets by David Lindahl
It’s a Whole New Business by Gene Trowbridge
Keep It!: Advanced Tax Strategies for IRAs by Joe O Luby III
Getting Things Done by David Allen
The E-Myth Revisited by Michael E. Gerber
Think and Grow Rich by Napoleon Hill
No B.S. Marketing to the Affluent by Dan S. Kennedy
Never Check E-Mail In the Morning by Julie Morgenstern
Tweetable Topics:
“Education and the books are fine, but you got to get out there and take some risk.” (Tweet This!)
“Let’s follow those who are smart, those who have done this before.” (Tweet This!)
“5 percent of a great deal is better than a 100 percent of no deal.” (Tweet This!)
Connect with Brian
Brian’s BiggerPockets Profile
Brian’s Company Website
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