Vet the Property Manager Or Regret - Michael Sampson

Multifamily Missteps Hosted by Christy Keeton

Holding your money too tightly to invest for inspection would be a big mistake. Michael Sampson notes that it's important to work with a good real estate broker and have professional inspections done on your properties to make sure they're in good condition. He also advises patience when growing a real estate portfolio, as successes can take time to build.

[00:00 - 07:13] Lessons Learned from Multifamily Investing

• Spend money upfront for inspection
• Do your research and work with a good real estate broker
• Have an exit plan in place if things go wrong

[07:14 - 10:37] Multifamily Operator Finds Success with New Framework

• Be wary of residents with no presentable references
• Michael shares his tips for getting started in multifamily real estate
• Get educated and build your network through meet-ups

[10:38 - 13:06] Closing Segment

• Get the education you need
• Final words

Tweetable Quote:

“ You just have to go out and do it. It can be frightening at first, but once you get into it, it's almost just like a single-family home. It's just a bigger asset. And then you have to spend some money upfront on an inspection. That's the cost of doing business.” - Michael Sampson

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Are you feeling overwhelmed with Multifamily deal analysis? Are you uncertain about the right investment? Christy is an expert underwriter and mentor and wants help you on your journey! Visit her website at www.ChristyKeeton.com to book a discovery call now.