#121: Flipping 600+ Homes, Buying 1200+ Units, Vertical Integration, and Hosting The Multifamily Mentors Show with Terrance Doyle

In this episode, I talk with Terrance Doyle, the founder, and CEO of VareCo, a successful real estate investment company focused on buying and operating value-add multifamily properties. Terrance shares his personal story and how he was able to overcome the challenges of not having a traditional financial background and educate himself in the field of real estate. We discuss the importance of pairing great sales skills and relationship development with operational excellence. Terrance explains how having control over all aspects of the real estate development process — from acquisition to construction to management — has allowed VareCo to be more efficient, cost-effective, and responsive to market conditions. Terrance offers valuable insights and advice for those looking to succeed in the real estate industry, and for anyone who wants to learn more about wealth creation and financial education. Don’t miss this opportunity to learn from one of the best in business!

Terrance Doyle is a full-time multifamily operator focused on heavy-value add deals. Terrance started his career in real estate, flipping homes in 2008 after over 600 single-family flips and building an entire construction team; he saw the opportunity to scale up. Terrance then founded the Value Add Real Estate Company (VareCo) in 2015. Since then, it has grown its portfolio yearly, averaging 10 multifamily acquisitions annually between two markets with deal sizes averaging $10M. Currently managing $250M in assets, VareCo holds 600+ units in Terrance’s hometown of Des Moines, Iowas, and 600+ units in Denver.

Check out the episode I did with The Multifamily Mentors Show to know how to find off-market deals and much more.

Struggling to find good multifamily deals? Looking to close deals with less of your own money? Want to operate like the pros and maximize the cash flow of your assets? Join The Multifamily Wealth Community, where we help multifamily investors start, build, and scale their businesses… specifically, those looking to grow from 1-10 units to 250+ units.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

The importance of educating yourself on the fundamentals of business and money

How to identify when you should "level up" and scale your portfolio

How to edge out the competition by developing relationships

Benefits and risks of a vertically-integrated organization

How to leverage design by knowing your market to add disproportionate value to properties

Connect with Terrance:

Instagram: Terrance Doyle

LinkedIn: Terrance Doyle

Website: thevareco.com

Connect with Axel:

Follow on Instagram

Connect with him on Linkedin

Learn more about Aligned Real Estate Partners