Creative Capital Podcast 5: How to Keep More of the Equity While Still Using Other People's Money!

Creative Capital

Josh Ferrari

Business, Investing

4.9 • 62 Ratings

🗓️ 19 May 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we've got engineer, entrepreneur, real estate investor, realtor, martial arts fighter, and musician, Reggie Ross with us! Reggie is a chemical engineer working in the oil and gas industry who also owns over 25 single-family homes from only 3 years of investing in real estate.

Reggie is an out-of-the-box thinker. Typically you would think that he acquired these assets one-by-one since they are single-family homes, but you'd be wrong. Reggie found a way to syndicate a portfolio of single-family homes in order to catapult his success exponentially. I'm gonna be honest, I had never really thought about this strategy until he told me this was his niche. It opened up a very interesting conversation, of which, we are sharing with you today.

Not only is his primary method of syndication different, but he also structures the deal in a way that he's able to keep 100% of the equity! That's insane! I must learn more.

So, today we will be discussing, which is better, single family syndication or multifamily syndication? We'll talk about the differences, the pros, the cons, how you can do your own syndication, where you can find these portfolio opportunities, how are we able to keep more of the equity, and more.

For the full episode transcript, visit our website @ https://www.ferraricapital.com/podcast/episode5

Transcript

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0:00.0	You're listening to the Creative Capital Podcast.
0:08.0	You're dying to learn about how you can create wealth through real estate investing,
0:11.0	then you can come to the right place.
0:13.0	Join in every week as we go over the ends and outs of real estate
0:17.2	investing and learn how you two can become financially free.
0:21.0	He said something that really resonated with me and I've incorporated it and everything that I've done since,
0:30.0	but he said, look, if the deal's good, get it under contract, and you can find the money.
0:35.0	What's going on everybody? This is Josh Ferrari, host of the Creative Capital Podcast.
0:41.0	And man, do we have something in store for you today. Today we have a
0:45.1	Mr Reggie Ross here locally from Mobile, Alabama joining us on the show today.
0:50.4	He's a full-time chemical engineer working mainly in the oil and gas industry and is also
0:56.6	the founder of Ross Residential LLC.
0:59.1	Let's see, he's been an active real estate investor since 2017 and currently owns 25 single family properties.
1:06.5	He's also about to get his Alabama real estate license.
1:09.5	He's just got recently engaged and has a 21 yearyear-old daughter, what he calls two bonus babies, and is expecting a son in June.
1:18.5	His hobbies include playing bass with his band Strongfold, enjoying gourmet cooking, health and fitness, spending time with family,
1:25.8	traveling, and Brazilian Jiu-Jitsu.
1:28.9	So needless to say, this guy has loads of experience, loads of knowledge, tons of golden nuggets for us to learn from today in this episode.
1:38.0	So mainly what we're going to be going over today, this man has bought a 21 unit portfolio of single family
1:47.6	residential properties.
1:49.7	And he did so by syndicating them.
1:51.8	So I know we're used to the idea of multifamily syndications, but this guy literally did the exact same thing on a different scale and so we kind of go over how that works, what all that entails, kind of what the advantages
	...

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