220: Student Rentals, Multifamily, & the Silent Cash Flow Killer with Jesse Fragale

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 30 March 2017

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

Many people buy real estate hoping to make great cash flow. But all too often that cash flow is quickly eaten away by a silent but deadly thief. In this episode of the BiggerPockets Podcast, Josh and Brandon sit down with real estate investor Jesse Fragale to hear his story and learn more about how this silent killer can eat away your profits if you don’t analyze a deal right. You’ll also learn how Jesse found a way to invest in a crazy expensive market, as well as tips on using partners, scaling to larger properties, and the worst pickup line Jesse has ever used! In This Episode We Cover: How Jason got into real estate because of a car Why he chose the niche of student rentals 4 ways to earn in real estate Tips for managing student rentals The worst day of Jason’s life (aka why CapEx is important) How much you should prepare for capital expenditures The pros and cons of student rentals Thoughts on jumping into multifamily What you should know about the 50% rule Tips for finding the cap rate in an area How to fund a deals using a partnership A discussion on setting expectations with property managers And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar BP Podcast 182: 674 Multifamily Units in Three Years with Jake & Gino Wheel Barrow Profits Podcast BiggerPockets Analysis Books Mentioned in this Show The Wealthy Renter by Alex Avery Landlording on Auto-Pilot by Mike Butler Getting to Yes by Roger Fisher The Book on Investing with No Money Down by Brandon Turner Tweetable Topics: “The bigger the deal, the easier it is to do.” (Tweet This!) “If you bring people a good deal, I believe that they will take it for what it’s worth.” (Tweet This!) “I think there’s success in every facet of real estate.” (Tweet This!) Connect with Jesse Jesse’s BiggerPockets Profile Jesse’s Company Profile Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pocket's Podcast Show 220.
0:04.0	What I found is that people are afraid or they're a little apprehensive with apartments because they feel
0:10.0	that they're these big deals that they can never do. And I remember early on somebody telling me, the bigger the deal, the easier it is to do.
0:17.0	You're listening to Bigger Pockets Radio,
0:20.0	Simplifying real estate for investors large and small.
0:23.6	If you're here looking to learn about real estate investing
0:26.3	without all the height, you're in the right place.
0:29.5	Stay tuned and be sure to join the millions of others
0:32.4	who have benefited from bigger pockets
0:34.4	dot com your home for real estate investing online. What's going on everybody
0:39.3	this is Josh Dorkin house to the biggerockets podcast here with my co-host the man the myth the
0:46.7	legend in his own mind mr. Brandon Turner does that mean I'm a myth in my own mind
0:52.3	as well you're everything in my own mind as well?
0:53.0	You're everything in your own mind.
0:54.4	That's true.
0:55.4	I'm the man, the myth, the legend, Brandon Turner.
0:58.2	Thank you.
0:58.6	How are you doing, Josh?
1:00.0	I'm okay, man.
1:00.6	Thanks for asking.
1:01.7	You know, you never really do ask me how
1:03.4	I'm doing that's because I don't really care so it's easy I just
	...

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