How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the BiggerPockets Podcast, where we sit down once again with Jered Sturm, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of his newest 42-unit apartment complex and the unique “value-add” ideas he discovered that made this property a home run!

In This Episode We Cover:

A quick recap on how Jered got started in this game
What market is he in and how it changed over the last couple of years
Why he moved his investing from Cincinnati to Atlanta
How he uses partnerships to manage different markets
Tips for funding using other people’s money
The goal that led to using syndication
Self-fulfillment rather than just buying more
The importance of figuring out your “why“
How he has the discipline to not spend their quadrupled income
Why you should separate out the “business income”
How he found his 42-unit apartment complex
Tips on managing cold calling
What criteria was he looking for
The advantages of having dedicated water lines for the units
The beauty of adding value to properties
What exactly a resident manager is
Why building structures made the difference in their business
How he financed this multifamily deal
Using the BRRRR strategy on large multifamily
And SO much more!

Links from the Show

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
The Book on Managing Rental Properties by Brandon Turner and Heather Turner
Traction by Gino Wickman
E-Myth Revisited by Michael E. Gerber

Tweetable Topics:

Connect with Jered

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205: Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm