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BiggerPockets Real Estate Podcast

420: Finding the “Sweet Spot” in Multifamily: Scaling to 150+ Units with David Grabiner

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.816.6K Ratings

🗓️ 26 November 2020

⏱️ 81 minutes

🧾️ Download transcript

Summary

David Grabiner takes the term “long distance investor” to the extreme. While he was a hospital administrator in the Democratic Republic of Congo, he was calling real estate agents in Chattanooga, Tennessee trying to scoop up multifamily deals. David started out by partnering up with his father, buying a quadplex that helped him get his initial training in property management. He later scaled up his and his father’s investment portfolio to 24 units, and then, within 3 years, scaled up his own investments to 150+ units! This meant that David had to quit his job and go full-time into real estate investing. He did it, and he isn’t looking back! Now David is a deal-finding machine, buying directly from listing agents and becoming one of the go-to multifamily investors in Chattanooga. Whether you own one single family home, a dozen duplexes, or hundreds of apartment complexes, you’ll take something away from David’s in depth discussion on property management, landlording, and tenant screening. In This Episode We Cover: Finding your “unfair advantage” and how it can help your investing career Approaching different investors with different points of view The importance of networking for off-market deals Why you shouldn’t be scared to be “the owner”, and actually use it to market yourself to others How to find, screen, and keep tenants in place How you can quickly increase a property’s value (simply by being a great property manager) Finding the “sweet spot” in multi-family deals Setting up systems for automated property management (so you can scale!) And SO much more! Links from the Show BiggerPockets Forums David's Instagram Brandon's Instagram BiggerPockets Podcast Buildium Collegedale Credit Union BiggerPockets Podcast 362: Big Goals? Here’s How to Get Your Spouse or Partner on Board with Jay and Wendy Papasan BiggerPockets Podcast 260: The Ultimate Guide to Negotiating (for the Negotiation-Averse) With Former FBI Hostage Negotiator Chris Voss Rent Manager Check the full show notes here: https://www.biggerpockets.com/show420 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the BiggerPockets Podcast Show 420.

0:03.4

I got this crazy opportunity.

0:05.5

I was buying a single family home and the lady happened to have a pocket listing

0:10.4

for 10 duplexes on one street. And I didn't have the money to get it done and before I would have let that limit me

0:17.2

be like oh that would have been an amazing deal if I had the money but then I realize it doesn't matter

0:22.0

how much money I have in my pocket.

0:24.3

How can I get this deal done?

0:25.8

You're listening to Bigger Pocket's Radio,

0:28.8

Simplifying real estate for investors large and small.

0:32.4

If you're here looking to learn about real estate investing

0:35.0

without all the height, you're in the right place.

0:38.0

Stay tuned and be sure to join the millions of others who have benefited from BiggerPockets.com.

0:44.8

Your home for real estate investing online.

0:48.1

What's going on everyone?

0:49.1

It's Brandon Turner, host of the BiggerPockets podcast here with my co-host Mr David Green.

0:54.6

David, it is almost time for the new year.

0:57.3

It's almost 2021, right?

1:00.0

What are your, what's your plans?

1:01.9

You got some big goals in mind?

1:04.0

Yeah, this is the time of year when I actually start planning for the next year

1:08.0

because as we talked about with our guests,

1:09.8

you make it easier on yourself

...

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