JF1775: Live From Cincinnati | How To Scale A Real Estate Investing Business To 240 Units In A Competitive Market with Gaston Teran

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 13 July 2019

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today’s episode was recorded at the meetup we host in Cincinnati every month (bestevercincy.com). Gaston has attended the meetup for years, and we have personally watched his growth as a real estate investor through the years. He’s scaled up to 240 units over the past few years, with no syndications or funds, all of the units are his own, acquired through traditional financing. One huge difference between Gaston’s business and most others that you’ve heard of, he buys bad properties (until he turns them around) in bad areas, which goes against the traditional advice you usually hear to “buy the worst property in the best neighborhood. We’ll hear his story of getting to the level he’s at today, and how he plans on continuing the growth. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review! Best Ever Tweet: “It had physical occupancy of 90%, but a lot of those people weren’t paying” - Gaston Teran Gaston Teran Real Estate Background: President of GT Apartments Started building his multifamily portfolio while working full time as a corporate controller Left the accounting world to be a full time real estate investor, currently owns 240 units Based in Cincinnati, OH Say hi to him at gteranATyahoo.com Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and take as long as four weeks to complete. TransUnion SmartMove’s online tenant screening solution can help you quickly understand if you’re getting a reliable tenant, which can help you avoid potential problems such as non-payment and evictions. For a limited time, listeners of this podcast are invited to try SmartMove tenant screening for 25% off. Go to tenantscreening.com and enter code FAIRLESS for 25% off your next screening. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Did you know that within a decade women will hold $30 trillion in investable assets?
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1:05.0	Make a good offer.
1:06.0	We get in the contract.
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1:11.0	They don't have any access to the money and then
1:13.7	and that walking away and then sometimes they want to fight to get their
1:16.9	earnest money back even though they headed tight up for a couple of months.
1:19.6	Real quick before the episode I want to give you a gift of 25% off and that gift actually is from
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1:39.6	thousands of landlords have to deal with the headaches of evicting tenants each year.
	...

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