Ep #38: Value-Add Multifamily investor and syndicator shares how he built his portfolio to 2,000+ units – with Michal Ballard

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 22 September 2014

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2006, Michal transitioned from single family home investments into buying and syndicating value add multifamily properties in the Southeast U.S, where he has amassed a very impressive portfolio of 2,000+ Multifamily units and is adding on average 500 additional units each year.

Making the leap from single family into multifamily investments is a great way to grow your business and start building massive amounts of passive income. Michal shares with us both the challenges and lessons he has learned through his path to success as a Multifamily REI expert.

Also, Michal walks us through one of his most recent value add multifamily acquisitions and speaks specifically to the step by step process of using Auction.com as a source of acquiring undervalued commercial real estate investments. You're going to love Michal’s story.

In this interview with Michal you’re going to learn:

How he successfully transitioned from single family investments into his first apartment acquisition
Why he loves apartment buildings and stays away from other asset classes
The steps you need to take in order to get investors begging you to invest their money in your deals
Why he thinks that the best opportunities in multi-family are the ones priced within the $4-10 million range
Why he feels it's smart for first timers to buy a smaller 2-6 unit property for your first deal in order to help gain experience and build a track record
How he bases his interest in a market by whether or not Fannie Mae is lending there and why you should do the same
How to find hidden gems in the second tier markets
The details on how his funding structure is setup with his money investors
And much more…

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life
0:06.5	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.
0:21.9	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.4	Hey, guys, Kevin Bup here with episode number 38 of the Real Estate Investing for Cashflow podcast,
0:36.2	where our mission is to help you build and
0:37.6	maintain massive amounts of cash flow through income producing real estate investments.
0:42.3	Our guest for this week's show is Michael Ballard from Seattle, Washington.
0:46.1	Michael is a multifamily investor who specializes in B and C grade value at apartments and has
0:51.0	amassed a current portfolio of 2000 plus multifamily units throughout the
0:55.7	southeastern United States.
0:57.6	The interview you're about to hear with Michael went a little longer than most of our other shows,
1:01.1	but I can promise you that it's jam-packed with tons of real-world advice that Michael
1:05.4	actively practices in his business each and every day.
1:08.6	And here's a little taste of what you're going to learn from our interview with Michael.
1:11.7	You're going to learn how he successfully transitioned from investing in single-family homes
1:15.4	into his first apartment building.
1:17.6	Why he loves apartment buildings and stays away from all the other asset classes of commercial
1:21.7	real estate.
1:22.8	The steps you need to take in order to get investors begging you to invest their money in your
	...

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