Power of Compounding in Multifamily Investing w/ Beau Beery
The great Albert Einstein once said “Compound interest is the eighth wonder of the world.” If you apply the power of compounding in Real Estate Investing and build a profitable portfolio of properties, the sky is the limit for you. In this episode, Jake and Gino talk with Beau Beery. Beau has been in the commercial real estate business since 1999 and has consistently ranked as the #1 multifamily producer in Florida for the Coldwell Banker Commercial brand. He has authored a book called “Multifamily Investors Who Dominate”.Here are some of the key takeaways:
- As an investor, your goals should not be to earn more profit per unit but to accumulate more and more profitable units and build a vibrant portfolio.
- More than 99% of closings are done via brokers. So, network with great brokers in your markets to get good deals.
- The people who build the biggest real estate portfolios are the ones who come across and analyze a large number of deals every single week. It’s about the deal flow.
- Do not lose sight of the forest for the trees! If a property looks to be a high-potential one, don’t just lose the deal for the finer elements such as minor repairs or other such issues.
Listen to the Podcast to learn more.
Check out Beau’s website: https://www.beaubeery.com/
Check out Beau’s book “Multifamily Investors Who Dominate” on Amazon: https://www.amazon.com/Multifamily-Investors-Who-Dominate-Transact/dp/1735833908
Learn more about Jake & Gino: www.jakeandgino.com
Apply for limited time, complimentary multifamily investing training: https://bityl.co/6v71
Apply for Mentorship: https://bityl.co/6v76