Ep #193: Building a Multifamily Empire with 160,000 doors and More Than $15 Billion in Transactions - with Jerry Fink

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 28 August 2018

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Since being founded in 1996, Bascom has completed over $15.0 billion in multi-family and commercial value-added transactions, including more than 600 multifamily properties and 160,000 units. This ranks Bascom among the top 50 multifamily owners in the U.S.

During Bascom’s early years, the business plan was to acquire and re-position 300 to 500 unit apartment buildings in the midst of the foreclosure and job crisis of the early 1990s in California by creating value-added renovations and community outreach programs. During the late 90's, Jerry Fink and Bascom acquired 52,911 apartment units within 199 redevelopments and 3.1 million square feet of industrial and office properties, totaling in excess of $6 billion in transaction volume.

And to offer some personal insight as to the overall success that I’ve witnessed by Jerry and his group. I interviewed Jerry back in episode #91, which aired October of 2015. At that point, Jerry and his group had owned an estimated 70,000 doors. In just the last 3 years alone, the Bascom Group has more than doubled their multifamily transactional volume to more than 160,000 doors.

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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 Cash Flow podcast.
0:25.2	Now, here's Kevin Buck.
0:30.1	Hey guys, Kevin Buck here and welcome you to another episode of the Real Estate
0:33.4	Investing for Cashflow podcast.
0:35.4	We're missions to help you build and maintain massive amounts
0:38.2	of cash flow through income producing real estate investments. Our guest to this week's show is
0:42.7	multifamily and commercial real estate investment expert and co-founder of the Bascom group,
0:47.5	Jerry Fink. Since being founded in 1996, BASCOM has completed more than 15 billion in multifamily and commercial value-added
0:55.8	transactions, including more than 600 multifamily properties and 160,000 units.
1:01.9	This ranks BASCOM among the top 50 multifamily owners in the United States.
1:06.9	Now, during BASCOM's early years, the business plan was to acquire and reposition 300 to 500
1:12.0	unit apartment buildings in the midst of the foreclosure and jobs crisis of the 1990s in
1:16.7	California by creating value-added renovations and community outreach programs.
1:21.9	During the late 1990s, Jerry Fank and Bascom acquired 52,911 apartment units within 199 redevelopments and 3.1 million
1:31.1	square feet of industrial and office properties, totaling in excess of $6 billion in transactional
1:36.1	volume.
1:37.3	And now, just to offer you guys some personal insight as to the overall success that I've
1:41.8	personally witnessed by Jerry and his group. If you don't recall,
1:44.8	I interviewed Jerry way back on episode number 91, which was, I believe it aired in October 2015.
	...

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