Ep #104: How to Successfully Invest in Multifamily Apartments and Avoid Costly Mistakes – with Marty Cleckler

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 7 March 2016

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our guest for this week’s show is Mulitfamily expert and founder of the National Apartment Investor Group, Marty Cleckler. Marty has experience is all facets of multifamily investing and currently holds positions as a commercial appraiser who specialty lies in multifamily, a licensed real estate broker who’s core focus is apartment buildings, and last but not least as an active multifamily investor who has acted as a lead sponsor on numerous multifamily syndications.

In this show with Marty you’re going to learn:

How Marty got his start in the real estate business as an appraiser and broker before moving on to becoming an active investor.
How he ended up with 22 partners on his first multifamily deal and why he vowed to never have that many investors involved in one single deal ever again.
His experience with outsourcing the management of his multifamily property during a massive rehab project and why he ultimately decided to bring it back in house and do it himself until the rehab was complete and the property stabilized.
Why it’s usually the smallest of investors that cause the biggest problems and headaches during a syndication project.
The huge opportunity that exists from the huge flood of millennials and baby boomers as it pertains to rental housing, specifically multifamily.
The reasons that Marty suggests that buying in in-fill type markets is a much better play than purchasing apartments in markets where there is still large amounts of room for developers to build new apartments.
The reasons to never shop by cap rate and why it really only pertains to the exit of a property.
Why loopnet is considered the graveyard for commercial deals.
Why building a database of properties within your desired your market or markets and getting to know those owners is by far the best way to find the best opportunities.
And much more

Recommended Resources:

Download my free success guide, “7 habits of highly successful multi-family investors” by going to KevinBupp.com/guide
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2
Looking to invest in Mobile Home Parks? Want to JV with me on deals? If so, schedule a call with me and let’s talk. Click here https://www.timetrade.com/book/FGF7S

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.4	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.8	This is the Real Estate Investing for Cashflow podcast.
0:25.2	Now, here's Kevin Buck.
0:29.9	Hey guys, Kevin Bup here with episode number 104 of the Real Estate Investing for Cash
0:35.0	Flow podcast, where mission is to help you build and maintain
0:38.1	massive amounts of cash flow through income-producing real estate investments.
0:43.1	Our guest for this week's show is multi-family expert and founder of the National
0:47.2	Apartment Investor Group, Marty Gleckler.
0:50.1	Marty has experienced in all facets of multifamily investing and currently holds positions as a commercial appraiser whose specialty lies in multifamily.
0:58.2	He's also a licensed real estate broker whose core focus is apartment buildings.
1:02.7	And last but not least, he's an active multifamily investor who has acted as a lead sponsor on numerous multifamily syndications.
1:10.0	It actually conducted this interview with Marty a few months back numerous multifamily syndications. I actually conducted this interview with
1:12.5	Marty a few months back, which you'll notice towards the end of the show, I actually referenced
1:16.9	the movie Back to the Future. Remember, we actually had Back to the Future Day, and I don't remember
1:20.7	the exact date of it, but I did this interview a few months back, and I'm just now getting it released,
1:25.5	and I think you really, really enjoy the show.
1:32.6	I mean, Marty is a wealth of information as it pertains to every aspect of multifamily investing.
1:36.8	And I'm positive that you'll get a ton of value from the interview. And in the show with Marty, you're going to learn the following. You're going to learn how Marty got his start in a real
1:40.2	estate business as an appraiser and broker before moving on to becoming an active investor.
1:46.1	You'll learn how he ended up with 22 partners on his very first multifamily deal and why he
	...

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