791: 40 Rental Units and the “Desperate” Deals That Are Waiting for You w/Nate Shields and Troy Zimmerman
Nate Shields and Troy Zimmerman had a straightforward goal: get to one hundred rental units in ten years. Now, near the halfway mark, Nate and Troy have made almost unbelievable progress in a real estate market most investors perceive as radioactive. With overpriced properties everywhere you look, out-of-whack cash flow, and high mortgage rates, will good deals ever come back? Thankfully for Nate and Troy, finding a deal was never the assignment; making a deal was.
After going through difficult partnerships in the past, Nate and Troy were hesitant to hop in the game together. But after years of getting to know each other’s strengths and weaknesses, it was only natural for them to tackle big deals together instead of small deals apart. Now, with forty rental units under their belt, they’re well on their way to hitting their hundred-unit goal. But this wouldn’t have worked out if they hadn’t made one special phone call.
In this episode, Nate and Troy will review their most recent acquisition, a fourteen-unit apartment complex with tricky financing in northwest Alabama. They’ll also share how calling one desperate listing agent unlocked a deal flow that brought dozens of units directly to them. If you’re struggling to invest in today’s demanding market and don’t think there are any deals worth the effort, this episode could change everything for you.
In This Episode We Cover:
The “desperate” real estate deals that NOBODY is looking at (and where to find them)
Real estate partnerships and why investing together beats going at it alone
Exit strategies and the BIG mistake most partnerships make when getting started
Why you might be just one phone call away from the best real estate deal of your life
Seller financing and how to use it to lower your loan costs and get a tricky deal done
Raising private capital and who you should (and shouldn’t) accept money from
And So Much More!
Links from the Show
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts
Get More Deals Done with The BiggerPockets Investing Tools
Find a BiggerPockets Real Estate Meetup in Your Area
Are You an Agent? Work with Nate to Get More Leads!
Partnerships: What to Do Before You Jump in With Another Investor
Connect with Nate & Troy:
Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-791
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