#365 FBF: Learn Multi-Family investing from the guy who literally wrote the book on it - with Steve Berges

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By Kevin Bupp. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Today's Flash Back Friday Episode is from Episode #77 that originally aired in July of 2015.

This week we're going to speak with Multi-Family industry expert, Steve Berges. If you've read any books on the topic of Multi-Family investing then you're probably familiar with Steve and his teachings.

Steve has been in this industry for quite some time and has completed more than $250 million in transactions from subdivision developments, to residential construction, single-family rentals, and of course, his favorite - multifamily apartment buildings!

Here are a few things you’ll learn in our interview with Steve today:

  • How he got his start in the business prior to becoming an owner/operator
  • The management advantages of owning multi-family properties versus single-family homes
  • Why he feels that self-managing his first few multi-family properties was such a valuable learning experience.
  • How he's converting unused garage space into rentable units on an apartment property he's currently acquiring.
  • Why he doesn't prefer to do 1031 exchanges upon the exit of a property
  • What excites him about the Houston market
  • Why he prefers not to put his own money into the syndications he structures
  • Why building quality relationships with brokers is a long term game plan that you need to continually invest your time into building upon
  • Why he suggests that all new multi-family investors join a local investment club or apartment association
  • Why Steve suggests that new investors should seek out a more experienced investor to team up or partner with who specializes in the particular asset type they wish to own
  • The various reports and industry resources that he uses in his own business and how you can get most of them for free.
  • And much more

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Recommended Resources:

  • Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
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