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#241: Growing a 4,000 Unit Portfolio with NO Investors + A Masterclass On Multifamily Operations with Logan Rankin
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In this episode, we chat with Logan Rankin, a highly successful multifamily investor who has built a portfolio of over 4,000 units with no partners or investors over the last 10+ years. Logan's background includes a decade at Target Corporation, where he held various leadership roles overseeing large P&Ls. He transitioned to real estate in 2013, starting with a single-family house and scaling up to 4,086 units.
Logan's unique approach involves focusing on operational excellence, managing everything in-house, and developing a construction arm and property management company to support his portfolio growth. Logan also shares some insights on selling properties versus holding forever, his criteria for property acquisitions, and the operational strategies behind managing a large multifamily portfolio.
Here are some of the topics we covered:
- The strategies he used to build his portfolio with his own capital
- The pros and cons of selling properties versus holding them forever
- How he manages all his properties in-house and the importance of building a strong management infrastructure
- His entire value-add process, including how he turns units in just 72 hours
- The KPIs he tracks and the importance of operational efficiency
- How he hires and develops his team, including a unique approach to training and certifying his staff
Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly.
Are you looking to invest in real estate, but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners provides investment opportunities to passive investors looking for the returns, stability, and tax benefits multifamily real estate offers, but without the work - join our investor club to be notified of future investment opportunities.
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Connect with Logan:
Follow him on Instagram
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Visit him on X (formerly Twitter)
Check out his website
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