60 | Having Confidence In Your Market To Make An Offer with Mo Karney

Published: May 7, 2020, 10 a.m.

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Mo's Background:

  • Mo was formally in the financial services/wealth management area before pivoting to real estate full time.\\xa0
  • He spent 5 years building his portfolio with small 2-4 unit deals and now has transitioned to 50+ unit deals.\\xa0
  • Has nearly 200 units and another 171 under contract.\\xa0
  • He focuses on making sure his projects have some form of value-add component along with cash flowing from day one

In this episode we cover:

  • 76 unit deal deep dive on a site unseen property found over Loopnet
  • How to get Loopnet to work for you instead of assuming it's where deals 'go to die'
  • Pricing effects in Midwest markets vs 'Major Metros'
  • How COVID-19 allowed him to save on his debt through local lending
  • Managing due diligence and managing risk during COVID-19
  • Leveraging relationships with Insurance Brokers to help find the right policy for your property
  • How the property has fared under his acquisition during this turbulent economic period

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*****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.

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