Episode 127: Zero To Over 90 Units While Still Working A W2 With Steven Nguyen - The Apartments Operators Podcast The Apartments Operators podcast

Episode 127: Zero to over 90 units while still working a W2 with Steven Nguyen - The Apartments Operators Podcast

1+ y ago 41:26

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Joseph Gozlan hosts Steven Nguyen on the Apartments Operators Podcast Episode 127 to discuss how Steven grew his portfolio to over 90 units on his own with no partners and while still having a busy W2 job! Steven shares his insights and honestly admits some of the regrets he has from the journey.

Episode 127: Zero to over 90 units while still working a W2 with Steven Nguyen

01:42 House Hacking: I lived in the master bedroom and I had to rent out the other
04:21 There is good debt, bad debt, and really bad debt.
05:04 There's a famous video of Warren Buffett
06:53 the value of apartments is based on the net operating income
10:08 Oklahoma City? It's not a sexy market.
11:02 choose a market first and then try to scramble to find a property manager.
11:49 when you interview 20 property managers, it does one or two things.
17:11 my job is to remove those barriers as fast as possible
17:47 don't worry about committing for too long
22:18 simplicity scales, fancy fails.
24:31 shiny object syndrome
26:15 there's always somebody that represents you
30:42 It was always by the unit.
31:32 That's why I said it's better to be great at one asset class versus be okay at two or three.
32:29 make sure that your property managers give you at least three bids for every project
36:44 get started in real estate earlier
37:36 focus on the process, not the outcome
38:40 writing large checks every month has a psychological burden
39:16 happy medium in the middle where that's a sweet spot

40 episodes

Episode 127: Zero to over 90 units while still working a W2 with Steven Nguyen

01:42 House Hacking: I lived in the master bedroom and I had to rent out the other
04:21 There is good debt, bad debt, and really bad debt.
05:04 There's a famous video of Warren Buffett
06:53 the value of apartments is based on the net operating income
10:08 Oklahoma City? It's not a sexy market.
11:02 choose a market first and then try to scramble to find a property manager.
11:49 when you interview 20 property managers, it does one or two things.
17:11 my job is to remove those barriers as fast as possible
17:47 don't worry about committing for too long
22:18 simplicity scales, fancy fails.
24:31 shiny object syndrome
26:15 there's always somebody that represents you
30:42 It was always by the unit.
31:32 That's why I said it's better to be great at one asset class versus be okay at two or three.
32:29 make sure that your property managers give you at least three bids for every project
36:44 get started in real estate earlier
37:36 focus on the process, not the outcome
38:40 writing large checks every month has a psychological burden
39:16 happy medium in the middle where that's a sweet spot

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Episode 127: Zero to over 90 units while still working a W2 with Steven Nguyen - The Apartments Operators Podcast