If you’ve ever considered investing in a Large Apartment Rental, then now is a great time to start! Successful Real Estate Investor Rob Rowsell answers your questions about starting out as a real estate investor. If you are looking at adding a large apartment complex to your investments, you can’t miss this video! Learn from a seasoned pro with decades in the property wealth game!
Large Apartment Rental In A Nutshell
One of Rob’s callers expressed interest in breaking into the large apartment rental market. She asked how Rob got started in the business of investing in large apartments.
Rob explained that he started his education from RE Mentor school in 2009. That school passes on the teachings of successful property mogul David Lindahl. After nine years of hard work, Rob earned a spot in RE Mentor’s Hall of Fame.
Even with his education, he still invested in another student’s deal in order to learn the ropes. Rob was still busy with scaling his multi-site auto repair business, so he could not devote 100% of his energy to real estate. Over time, Rob invested in bigger deals, as he prepared to exit the automotive industry and sell his shops. The year 2018 was when he transitioned to focusing on larger properties that would yield passive recurring income.
The caller followed up with a great question: had Rob ever used his equity from a 1031 exchange deal to purchase a larger apartment. After selling a four-plex and a 12-plex, his group bought a 70-plex. Then, he pivoted a 1031 deal into owning one half of another party’s 96 unit complex. The majority of Rob’s 1031 exchange deals have been under others’ deals. Once he explained this, Rob revealed details of some sample deals. Rob expanded on the concept of “Tenant In Common” as it relates to syndication deals.
Join Our Community
Do you own multi-family properties? If not, do you aspire to one day? Then you should consider joining our online discussion group, the ATL Inner Circle Community! Each month, Rob Rowsell will teach you what you must do in order to build wealth in the real estate business. It’s not as easy as it looks! Property taxes, liens, and legal fees can all be hard to navigate, so having a successful guide in your corner like Rob is a must! Sign up today!
