Keys to Rapid Growth in Multifamily Investing with Corey Peterson

Published: Aug. 1, 2023, 7 a.m.

b'Do you want to learn how to transition from Wall Street to amassing over 230 million in real estate assets?\\xa0\\n\\xa0\\nJoin us for an episode with Corey Peterson, a successful real estate investor with over 230 million assets and ten active multifamily projects. In this episode, he shares the key lessons he\'s learned from his 18-year journey from Wall Street to becoming a real estate mogul, including tough lessons from failed business partnerships and how he fired all third-party property managers and started in-house property management. He emphasizes the importance of understanding wealth, investing differently from what people do in the stock market, and controlling investments. Hear about his experiences learning the business, raising other people\'s money, and buying his first apartment building.\\xa0\\n\\xa0\\nTune into this enlightening episode to gain valuable insights about real estate investing!\\n\\xa0\\n[00:01 - 07:48] Opening Segment\\nIntroducing Corey to the show\\nHis journey to success and the tough lessons he learned along the way\\n\\xa0\\n[07:49 - 16:44] Know Thy Partner: Lessons Learned from a Life-Changing Real Estate Deal\\nHow Corey pursued real estate investing full timeHe started as a wholesaler and started raising other people\'s money\\xa0\\nBought first apartment building in Greenville, SC, and sold it for 8.8 million\\n\\nBig lesson: know thy partner and the operating agreement\\n\\xa0\\n[16:45 - 24:58] Being Vertically Integrated and In-house Management\\nCorey takes over the property management of all his assets\\nYou have culture at your properties, and it\'s probably the culture of a third-party manager\\nFocusing on profit and loss affects culture\\n\\xa0\\n[24:59 - 28:46] Closing Segment\\nBest investment: Corey\'s wife\\nWorst investment: bitcoin\\nThe most important lesson learned: not being afraid to fail\\n\\nQuotes:\\n\\xa0\\n"There is no control. We give the illusion that we are actually under control. The reality is, it is a rollercoaster. No one knows when that roller coaster jumps off the tracks." - Corey Peterson\\n\\xa0\\n"A good deal solves all problems." - Corey Peterson\\n\\nConnect with Corey!\\nPodcast: https://podcasts.apple.com/gb/podcast/multifamily-legacy-podcast/id1286705016\\xa0\\n\\xa0\\nGet Corey\'s book, Copy Your Way to Success, by texting "BOOK" to 480 500 1127.\\n\\nInvest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/\\n\\xa0\\nTrack your rental property\'s finances with Stessa. Go to www.escapingwallstreet.com.\\n\\xa0\\nJoin our Passive Investor Club to access passive commercial real estate investment opportunities.\\n\\xa0\\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or clicking here to listen to our previous episodes.'