383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam Grooms

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 21 May 2020

⏱️ 129 minutes

🔗️ Recording | iTunes | RSS

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Summary

Interested in someday making the leap to bigger investments? Don't miss this one! Ben Leybovich and Sam Grooms join us for a high-level conversation about how they transitioned from flips and smaller assets to 100-plus-unit, value-add multifamily deals. Since the first part of this show was recorded pre-coronavirus, we brought the guys back on to hear their thoughts on today's market and get an update on how their business is doing amid the volatility (spoiler: pretty well!). In This Episode We Cover: Finding the perfect partner for you The 6 factors they look at when analyzing a market Why Sam & Ben keep such a large reserve fund Why investors sometimes overvalue cash flow Why they like the Phoenix market How to establish a competitive edge in real estate investing How they look at multifamily syndication as "a long flip" Why equity protects you Buying insurance against interest rate increases Hiring their own construction team How they're adjusting to COVID-19 And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Bookstore BiggerPockets Podcast BiggerPockets Calculators BiggerPockets Podcast 382: No Money Down BRRRR Investing with Josiah Smelser (Part 1, Recorded Pre-Coronavirus) BiggerPockets Podcast 382.5: Surviving When the BRRRR Hits the Fan with Josiah Smelser (Part 2, Post-Coronavirus) Deloitte BiggerPockets Conference 2020 BiggerPockets Podcast 356: 30+ Rentals (in a Pricy Market) Through BRRRR and Section 8 with Joe Asamoah Open Door Capital BiggerPockets Podcast 313: How to Be Happy AND Grow a Massive Business with Entrepreneur Jesse Itzler (and Josh!) Check the full show notes here: http://biggerpockets.com/show383 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the BiggerPockets Podcast Show 383.
0:04.0	Warren Buffett says diversification is protection against ignorance.
0:08.0	I say growth and equity is protection against ignorance in income producing assets because income comes in,
0:18.4	income goes out. But if you have an exit and you can make money by exiting,
0:23.7	then at least you are not losing money.
0:27.8	You're listening to Bigger Pockets Radio,
0:30.4	simplifying real estate for investors large and small.
0:34.0	If you're here looking to learn about real estate investing without all the height,
0:38.0	you're in the right place.
0:40.0	Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:45.6	Your home for real estate investing online.
0:48.8	What's going on everyone?
0:49.8	It's Brandon Turner, hosted the Bigger Pockets podcast here with a very cool
0:53.0	different type of show and a very long show here with my good friend and co-host
0:58.5	Mr David Green. David Green, how's it going man? It's going great we just had
1:02.2	Mother's Day yesterday got to go see my mom and have dinner with her at a good day. Did you guys celebrate with Heather? No, we don't celebrate Mother's Day. I think it's a card Hallmark factory holiday and we don't believe in supporting big business.
1:15.6	Well frankly I think mothers get way too much credit as it is in society.
1:18.6	We are way, we just cater to them so much and we're way too appreciative.
1:22.4	I know so much. I mean what did they
1:24.4	really do I mean really like that's exactly what I'm saying I mean do we really
1:27.7	need moms at all I think we'd be fine if we didn't have them yeah I agree there's
1:32.2	like 12 people who just like are so angry right now
	...

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