Grant\u2019s Background:
Grant started his real estate career in 2004 with some single family housing. Didn't really go exactly as planned. He kind of bounced out of that after a little while, but then in 2014 he began investing more heavily along with his new wife, Monika. And pretty much in line with most real estate investors, the business was growing, but definitely not as fast as Grant and Monika and wanted to, so he kind of is speeding up that process. And they're looking to target higher unit size properties and commercial multi family, which before that was really more residential, multi family, and some smaller commercial. And then fast forward to last year; they just closed on a 20 unit complex. During this whole process, Grant had quit his job of 23 years and became a Director of Operations for Epic Property Management. Then decided to quit that job, and now he's a realtor in down river area in southeast Michigan.
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In this episode we cover:
\xb7\xa0 \xa0 \xa0 Grant\u2019s history in RE, covering property management, brokerage, and acquisition
\xb7\xa0 \xa0 \xa0 The lessons he learned from his first couple single family deals
\xb7\xa0 \xa0 \xa0 How you can be \u2018the friendly landlord\u2019 and still not be a pushover
\xb7\xa0 \xa0 \xa0 Shifting mentalities to propel success in this or any business
\xb7\xa0 \xa0 \xa0 Balancing a business partnership with a spouse
\xb7\xa0 \xa0 \xa0 The importance of letting everyone know what you\u2019re looking for \u2013 you\u2019ll never know where you\u2019ll get help!
\xb7\xa0 \xa0 \xa0 Seller financing and the passive income benefits that the seller has been really enjoying
\xb7\xa0 \xa0 \xa0 All of the extra work that goes into cleaning up a mom and pop operation to run at a more professional level
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Connect with Grant:
\xb7\xa0 \xa0 \xa0 https://warringtoncapital.com/
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Connect with Dave:
\xb7\xa0 \xa0 \xa0 https://www.lvare.com/
\xb7\xa0 \xa0 \xa0 dave.morgia@longviewacquisitions.com
*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.