EP034 Infinite Returns through Multi Family Investing, Starting your own Management Company and Turning Around a 24 Unit with 42% Occupancy with Josh Sterling

EP034 Infinite Returns through Multi Family Investing, Starting your own Management Company and Turning Around a 24 Unit with 42% Occupancy with Josh Sterling

Last week I spoke with Josh Sterling about his Single Family Rental Investments and the plateaus he's overcome while building his portfolio from 1 to 160 units.

This week, in part two of our conversation, Josh and I discuss the 24 Unit Apartment Community he purchased on Land Contract that had a 42% occupancy rate and how he managed to turn that around. Josh shares how he improved the occupancy to near 100%, and cash-out refinanced all of the money he originally invested.

We discuss the "Infinite Return" he's created by no longer having any of his own money in the investment, while still cash-flowing $5,400 a month. This is the Holy Grail of real estate investing, and Josh is going to tell us how he did it.

We'll also talk about the 53-unit Josh purchased next, how he built his team at Epic Property Management, the systems and property management software he put in place to help build his portfolio, as well as new construction projects he's undertaken recently.

This episode is bursting with great information for novice & seasoned investors. Be ready to take lots of notes!

http://epicpropertymanagement.com/

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EP421 How Real Estate Investor Rod Khleif Recovered from a $50 Million Loss During the Great Recession

EP421 How Real Estate Investor Rod Khleif Recovered from a $50 Million Loss During the Great Recession

Rod Khleif is back on the show today. For those of you who don't know Rod, he owns multiple businesses, he's a philanthropist, and he's passionate about multifamily real estate, business, high perform...

22 Jan 202435min

RPOA Special Speaker Announcement – Adrian Smude

RPOA Special Speaker Announcement – Adrian Smude

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the Devos Place confe...

18 Jan 20244min

EP420 Multifamily, NLP, and Joint Ventures vs. Syndications with Jen and Stacy Conkey

EP420 Multifamily, NLP, and Joint Ventures vs. Syndications with Jen and Stacy Conkey

My guests today have developed their own unique systems and formulas for investing in multifamily, and today they're going to discuss joint ventures vs. syndications, the three core roles of multifami...

15 Jan 202434min

RPOA Special Speaker Announcement – Alex Jarbo

RPOA Special Speaker Announcement – Alex Jarbo

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd here in Grand Rapids, Michigan at the DeVos Place confe...

11 Jan 20244min

EP419 How He Helped His Dad Retire with Fix and Flips with Mike Mannino

EP419 How He Helped His Dad Retire with Fix and Flips with Mike Mannino

Over the past nine years Mike Mannino has built a business that flipped over 80 houses. By the age of 30, Mike had built a portfolio of over 60 rentals. He's also created multiple companies that gener...

8 Jan 202431min

RPOA Special Speaker Announcement – Anthony Chara

RPOA Special Speaker Announcement – Anthony Chara

We have a special speaker announcement for our 2024 Midwest Real Estate Investor Conference, which is being held this February 22nd through 23rd in Grand Rapids, Michigan at DeVos Place. Anthony Chara...

4 Jan 20245min

EP418 Special New Year's Announcement:  2024 Midwest Real Estate Investor Conference

EP418 Special New Year's Announcement: 2024 Midwest Real Estate Investor Conference

Happy New Year everyone! It's January 1st and we have a huge announcement to make about the RPOA's 2024 Midwest Real Estate Investor Conference. Just like in past years it will take place this Februar...

1 Jan 202416min

EP417 How to Become the CEO of Your Own Wealth Building Company with Scott Royal Smith

EP417 How to Become the CEO of Your Own Wealth Building Company with Scott Royal Smith

No one ever wants or expects to find themselves in a lawsuit, but when you're a real estate investor, it's always something you need to protect yourself against. My guest today is a real estate invest...

25 Dec 202335min

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