60: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat | Bigger Pockets Podcast

Today we are pumped to bring you one of the most exciting conversations yet on the BiggerPockets Podcast when we sit down with Serge Shukhat, a real estate investor from the Arizona area who is absolutely crushing it in real estate. Serge started with no rental properties just four years ago but has quickly built up a sizable portfolio with a mix of both single family and multifamily properties using creative finance methods and using the cash flow to quit his job.
On this show we cover everything from getting started, choosing single family versus multifamily, tricks for dealing with tenants, increasing the value of your properties, and a ton more. This is definitely a show you’ll want to take some notes, so get ready to have your mind blown!
In This Show, We Cover:

How Serge got started while working full time

How an Umbrella Policy can reduce your risk

Landlord responsibilities vs. tenant responsibilities

What kind of legal entity Serge uses

Overcoming bad deals by “Doubling Down”

How a competitive advantage can transform your business

Working with real estate agents vs. getting your license

Serge’s unique apartment that he’s bought and sold 4 times

Hiring a resident manager to help reduce the load

How to increase the value of your property by hundreds of thousands of dollars (OMG)

And a lot more!

 Links from the Show

BP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren Sager

Newbies Take Note: Why You Shouldn’t Buy Houses for $30,000 by Ben Leybovich

HomePath.com/

Buildium.com

Books Mentioned in the Show

Landlording on Auto-Pilot by Mike Butler

The Real Book of Real Estate by Robert T. Kiyosaki

Good to Great by Jim Collins

The 7 Habits of Highly Effective People by Stephen Covey

Tweetable Topics

“Real estate never works out how you thought it would when you bought it in paper.” (Tweet This!)

“I don’t want to work till I’m 65, sick, or corporate downsized.” (Tweet This!)

“My biggest risk was not losing my job- it was not buying enough real estate.” (Tweet This!)

“You can go broke buying good deals.” (Tweet This!)

“Population, income, and jobs drive real estate.” (Tweet This!)

“It doesn’t matter if the first deal is bad… at least you learned.” (Tweet This!)

Take what the market gives you and be quick to pivot. (Tweet This!)

Connect with Paul
Serge’s BiggerPockets Profile

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