Creative Capital Podcast 197: 3 Steps To Rapid Multifamily Success

Creative Capital

Josh Ferrari

Investing, Business

5 • 1.1K Ratings

🗓️ 20 September 2022

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Some people are okay with growing their portfolio slowly or taking 20+ years to retire their jobs and achieve financial freedom...

I am not that person and was able to retire from my day job in just 3 years after making the decision to do multifamily investing.

Today, I'm revealing the top 3 things that I did that ultimately led to my quick success.

Tune in to hear them all!

Transcript

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0:00.0	What's up, everybody? Welcome back to this week's segment of the No Limit Minute. For those
0:11.9	of you that have been following me on social media, you know that I just got off a 10-day
0:17.7	vacation with the family, with my wife, with my parents, with my sisters, with my daughter
0:27.2	going to Disney World in Orlando, Florida, and then traveling down to Jinson Beach to see
0:33.2	our grandfather enjoying some nice rest relaxation beach time. And it was great. We had a good
0:42.4	time. There was a lot of laughs, a lot of money spent. It was not a cheap trip, but it was
0:49.8	well worth it. Getting away from the hustle and bustle of the daily minutia of life and
0:55.2	now trying to get back into the swing of things. Right here, literally today, Monday, the
1:01.3	day, first day back from my vacation. I've already had a plethora of phone calls, emails and
1:07.1	different things to respond to. And one of the things that people have continuously been
1:13.4	asking me, I mean, not even just today, specifically today, but also just in general, is how did
1:20.7	you scale and how did you get into the business, the multifamily syndication business so quickly?
1:27.9	How are you able to see success so quickly, ultimately get to where you are now and retire
1:34.8	from the day job? So today, we're going to talk about what are the first three, what are
1:40.4	the top three things you need to do, the three steps you need to take to see rapid multifamily
1:47.8	success? Now, the first thing you need to do, and you guys heard me talk about this before,
1:52.2	and this is that you need to get crystal clear about what you want. Absolutely crystal clear
2:01.3	about what you want, because life and I, we thought we knew what we wanted. We did. We really
2:07.0	thought we knew. We thought we were going to do the foreplex and then sell that and get an
2:11.1	eight unit, sell that and get a 16 unit and just keep going until we got to the point where we
2:15.0	were going to be successful. But I didn't really think it all through. I was more so just thinking,
2:20.5	I'm going to make money on every deal, doesn't matter what I buy, like I'm just going to make a ton
	...

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