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The Rich Somers Report

220 Apartment Units by Age 32 | Christian Osgood E164

The Rich Somers Report

Rich Somers

Business, Investing

5.01K Ratings

🗓️ 21 March 2024

⏱️ 53 minutes

🧾️ Download transcript

Summary

Rich sits down with Christian Osgood – Entrepreneur, CEO of Kenosha Property Management, and COO of Multifamily Strategy. Christian Osgood is a 32-year-old Real Estate Investor with a 200+ unit portfolio of Multifamily and Hospitality properties, based in Washington State and Texas. In 2020, Christian left a 4 year sales career at the Costar group to become a full time investor and with $100,000, utilized creative finance to purchase $24,000,000 in real estate assets. Rich and Christian sta...

Transcript

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0:00.0

But that's why I look real estate investing is like you have not just one method to make income.

0:05.4

You have basically four big lovers.

0:07.0

You got the cash flow, you got the principal pay down, you get the tax benefits, and then you

0:11.8

get the long-term appreciation. That's just four and so you know over time I think if you buy good assets and good locations

0:18.0

You're gonna do well if you can hold these assets long enough

0:21.8

Welcome to the rich summer's Report where we talk real estate, business, and wealth building,

0:26.0

all while keeping it real.

0:28.0

No fluff, no BS.

0:29.0

I hope that you enjoy the show. All right guys, welcome to another episode of the report.

0:38.0

Today we are in the studio and we got a little sunshine outside and I got a busy week ahead of me and the team.

0:44.6

I'm actually flying out to Orlando tomorrow night to speak at my good friend

0:48.9

Tyler Devros, multi-family events with David Goggins going to be out there and a few other big

0:53.8

names so super excited to connect with Tyler and his team and then we got another

0:58.5

closing early next week the Bodega Bay 44 Unit Waterfront Hotel got delayed a little bit.

1:05.2

We found some water damage when we walked the units before closing which was supposed to

1:08.9

happen last week. So we sent our team up there remediation team and sure enough you know seven of their units have some water damage and so we're going to knock another few hundred thousand dollars off the price and looks like we'll be closing next Tuesday and for any of you that are interested in a last chance

1:23.8

investment opportunities we do have a couple spots left. You can check out

1:27.3

Summers Capital.com slash Invest to get in. That's gonna be the last deal on our

1:32.2

funds, so super stoked for it. But I'm even more stoked for a guest today. I got someone who's been investing in real estate, multifamily. He's built up a portfolio of over 200 multifamily units by age 32.

1:44.4

I got my man Christian Osgood.

1:46.1

Christian, welcome to the show.

1:47.2

Dude, thanks for having me on.

...

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