How to Buy Multifamily Real Estate in Expensive Markets | Adit Shah | From Military to Millionaire Podcast

Episode: 155
Adit Shah
Join your host David Pere and Alex Felice in this episode with guest Adit Shah as he throws in his many two cents on the direction California is taking real estate and the lens through which real estate investors should look at investing.
 
From Napoleon Hill's book Think and Grow Rich, Adit recalls a character named Barnes and the story of how Barnes worked his way to learning under someone that he wanted to become like. This character planted in Adit a relentless audacity to go after his ideal self the same way. Later, he shares how this audaciousness got him to where he is now as an investor.
 
In this episode, Adit talks about his picks on life-changing books, views about California's move on its severe housing shortage, his take on tenacity and taking extraordinary steps, the point regarding VA loans, ADUs, and JADUs that he's so adamant about, and why focusing on real estate isn't enough.
 
About Adit Shah:
 
Adit Shah currently leverages a love for service to others that were developed in the Navy to create and deliver high-quality, affordable housing options for San Diegans amidst one of the most severe housing shortages in history. He is passionate about revitalizing distressed homes and creating unique housing products that provide above-standard investment returns.
 
Outline of the episode:
 
[03:47] Adit Shah – I didn't want to be a house flipper
[07:10] Luck only works on those who work
[12:01] Comments on California's passing of SB9 and SB10
[18:55] Adit Shah – What you need to know about ADUs and JADUs
[24:03] Low-interest debt is a privilege
[29:54] There are a ton of mislisted properties on MLS, and it's crazy.
[36:01] Alex Felice – I don't see it as a transaction to trade; I look at it as an investment.
[40:03] To go for financial freedom is not normal!
[46:06] Alex's book club and the book everyone must try reading
[52:54] Adit Shah – the seed Napoleon Hill planted
[58:42] Before education, there was the apprenticeship!
 
Resources:
 
LinkedIn:             link
 
Skin in the Game: Hidden Asymmetries in Daily Life, Book by Nassim Nicholas Taleb:
link
 
Antifragile: Things That Gain from Disorder, Book by Nassim Nicholas Taleb:
link
 
Infinite Jest, Book by David Foster Wallace:
link
 
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My name is David