39: $500 Per Door on Multifamily Properties (During COVID!) with Thomas Tsitouridis
Real Estate Rookie
Shownotes Transcript
**Thomas Tsitouridis **is truly a jack of all trades. As a kid, he was used to helping on the project-management side of his parent’s 64-unit apartment building (taking out the trash, helping with tenants, and so on). He later realized that real estate investing would hold a special place in his future.
Thomas later worked for a construction manager, then chose to start his own construction business, property management business, and **long term **buy-and-hold) business.
Using the experience and cash flow from his construction business, Thomas found that he could amplify his money by buying deals and using his own team to do the construction and rehab.
Now Thomas (and his partner) are buying multifamily deals, fixing them up, and getting sustainable cash flow, so they can retire early. Within his first year as a real estate investor, he has already learnt a lot. Thomas shares some great tips on tenant management), system automations, construction, and even financing so you can get better ROI earlier on!
In This Episode We Cover:
What to look for when partnering up with other investors
The importance of having a **great broker **on your team
Why you need to take action and **lock down your first deal **
How to** facilitate a rent increase** while having empathy for tenants
How to split responsibility between you and your partner
Why **ARM loans **are a great choice for the BRRRR strategy
Managing tenants while controlling your own emotions
Why you need to ask the stupid questions to be smarter later on
How to start **automating everything **in your real estate business
And SO much more!
Links from the Show
Check the full show notes here: https://www.biggerpockets.com/rookie39
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