175: The Power of a Team to Build a Multifamily Real Estate Empire with Mike O’Connor and Matt Wood | Bigger Pockets Podcast
Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the BiggerPockets Podcast,where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio (150+ units) in a very short time thanks to the power of a team. You’ll learn why they jumped straight from a single house to an apartment complex and the mindset and strategies needed to pull it off successfully. This highly entertaining show will have you taking notes — and laughing — ’til the very end!
In This Episode We Cover:
The backstory of Mike and Matt’s investing career
The cool story on how they started working together
The value of analyzing deals
“Aunt Jemima” as their first property
What Section 8 is and some of its benefits
Tips for bringing more people on the team
Why their first deal was important
How they find the right people for their team
How they scored a 32-unit as their second deal
How they went from 32 to 100 units through creative financing
Tips for having a job while investing
WhatsApp and why they use it
How they differentiate roles in their company
The importance of systemizing and automating to scale their business
The Unique Wide Oak Deal
Why you should build relationships with your local banks
Why confidence matters in this business
And SO much more!
Links from the Show
BiggerPockets Forums
Google Play
Tim Ferris’ Podcast
BiggerPockets Contribute
Evernote
Dropbox
The 5 C’s of a Perfect Loan Proposal
BiggerPockets Analysis Tools
BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone
BiggerPockets Forums
8 Tips For Screening Out Professional Tenants: Your Worst Nightmare! (blog)
The Professional Tenant – Just How Painful Can Evicting One Tenant Be? (blog)
BiggerPockets Local Connect
Books Mentioned in this Show
The Book on Investing with No or Low Money Down by Brandon Turner
The 4-Hour Workweek by Timothy Ferriss
Tweetable Topics:
“We want to be good landlords, we truly enjoy providing good living conditions to our tenants.” (Tweet This!)
“To know that there is something that we can control that is providing us income is huge.” (Tweet This!)
“I’d rather have a small percent of a deal than zero percent of the deal.” (Tweet This!)
“You have to be ready to pivot based on the deal because not every deal fits in the same box.” (Tweet This!)
Connect with Mike and Matt
Mike’s BiggerPockets Profile
Matt’s BiggerPockets Profile
Azeez’ BiggerPocketes Profile
Kiran’s BiggerPockets Profile
Cambridge Investment Group
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