How to Get Rich Buying Small Apartments | JD Schmerge E297

The Rich Somers Report

Rich Somers

Business, Entrepreneurship, Investing

5 • 910 Ratings

🗓️ 21 January 2025

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

How do you get started in real estate investing and scale your portfolio over time? In this episode of The Rich Somers Report, Rich sits down with JD Schmerge, a multifamily broker and co-owner of Sabre Group, to discuss the strategies that have led countless investors to success. JD shares how he helped Rich close his first multifamily deal in Cincinnati—a pivotal step that set the foundation for his $80 million portfolio.They dive into:-The power of taking action, even on smaller deals, to ...

Transcript

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0:00.0	Don't feel you've got to hit a home run on your first purchase.
0:03.2	There's nothing wrong with hitting a single in gaining that experience and track record.
0:06.8	So if you wait around forever trying to hit a home run, you could have hit 10 or 20 singles by that time.
0:13.6	Welcome to the Rich Summers Report where we talk real estate, business, and wealth building all while keeping it real.
0:19.1	No fluff, no BS.
0:22.0	I hope that you enjoy the show.
0:32.3	All right, guys, welcome to another episode of The Report. Today, I got a special guest. I got someone who goes way back. We met back in 2019 when I was first getting my start in real estate investing.
0:39.5	And he helped me buy not one, but two multifamily deals, my first ever real estate deal, 11 units in Cincinnati.
0:47.8	He's a multifamily broker. He is a partner and owns a brokerage, a Sabre Group out in Cincinnati.
0:53.9	And I got my man, J.D. Smurgy.
0:56.3	J.D., welcome to the show.
0:57.5	Thanks, Rich.
0:58.3	Appreciate you having me on.
0:59.5	Yeah, man.
1:00.4	It's been a little bit, but we go freaking way back.
1:05.0	Met back in 2019.
1:06.5	You helped me close and acquire my first ever commercial real estate deal 11 units out there in
1:12.8	norwood still owned today but that deal got me in the freaking game man yeah pretty sure uh you
1:19.5	found that on loop net remember that first message like yesterday could feel the enthusiasm
1:24.7	through that first email and uh ended up buying it sight unseen.
1:28.9	Yeah.
1:29.8	It's crazy because like when I look back at everything since then, you know, that that one deal for me at that time was like scary for me.
	...

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