JF3715: Doubling to 800 Units, Bringing Management In-House, and Navigating $1.65M Renovation Challenges ft. Ross McArthur

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7 • 996 Ratings

🗓️ 5 November 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

Joe Cornwell interviews Ross McArthur, owner of Follow the Deal Investments, who shares insights on his journey in real estate over the past year. Ross discusses the strategic decision to bring property management in-house, the challenges and successes of scaling his portfolio, and the evolution of his investment philosophy towards newer vintage properties. He reflects on lessons learned from past deals, including both successes and challenges, and emphasizes the importance of location and property condition in investment decisions. The conversation concludes with Ross's book recommendation and thoughts on future goals in the real estate market. Ross McArthur | Real Estate Background Follow the Deal Investments Based in: Indiana Say hi to him at: linkedin.com/in/rossmcarthur www.followthedeal.com Sponsors: Altra Running Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Quick disclaimer, the views and opinions expressed in this podcast are provided for informational
0:04.8	purposes only and should not be construed as an offer to buy or sell any securities or to make
0:10.6	or consider any investment or course of action. For more information, go to bestever show.com.
0:17.0	We should have went a much larger line of credit from the bank on that, along with the larger
0:22.0	reserves.
0:23.2	So this is one of the many projects that were like, what kind of project do you want to buy?
0:27.9	You want one with the hair on it that you might be able to hit a home run on?
0:31.5	Or do you want one with very soft value add to hit a double, maybe a triple on?
0:35.9	Welcome to the best ever CRE show, the world longest running daily commercial real estate
0:40.2	podcast.
0:41.2	If you want real stories behind the good, the bad, and the worst-ever deals, plus insights
0:45.0	into what really goes on into commercial real estate investing, you're in the right place.
0:49.1	Our host interview commercial real estate experts every day to uncover secrets and strategies
0:52.9	you can use to become a
0:54.8	better, more informed investor. This is the best ever CRE show. Best ever listeners, welcome to the
1:00.6	best ever CRE podcast. I am your host, Joe Cornwell, and today I'm joined by Ross McArthur.
1:06.8	Ross is the owner of Follow the Deal investments. They have over 800 units under management.
1:12.8	They have been doing multifamily redevelopments.
1:16.0	He's been on the show before.
1:17.1	It's been about a year.
1:18.1	So welcome back.
1:18.9	Ross, how are you today?
	...

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