Accelerated Real Estate Investor 259: Chad King on Making the Leap to Commercial Multifamily Real Estate
Even if you’re really, really good at it, residential real estate is a rat race. Whether you rent single-family homes or you’re fixing them up and flipping them, you’re participating in a transactional business–and one that can get exhausting.
Today’s guest, Chad King, knows this well. He’s closed over 450 wholesale fix-and-flip properties and did 168 residential deals in 2019 alone. This experience made him realize that he needed to make a change and pivot into commercial multifamily and syndication. Since making this change, Chad has purchased 635 units of multifamily apartments with no signs of stopping.
In our conversation today, you’ll hear how Chad took the leap, grew his portfolio after purchasing his first 14-unit building, and continues to find great deals today.
We’ll also discuss investing in the time of rampant inflation, why neither of us would have gone to college if presented with the opportunity now, and how to structure your finances to get out of the rat race once and for all so that you can build a portfolio that works for you.
Key Takeaways with Chad King
- How Chad purchased and converted a 21-unit motel into a luxury Airbnb–and how to structure a short-term rental deal.
- Why Chad believes that money actually does grow on trees if you create enough value to attract money with the proper mindset.
- How some failures can be a good thing.
- The value of taking a me-first mentality in dealmaking.
- Why people who are trying to save money are missing out.
- Why schools fail to teach cooperation, and turn out employees instead of entrepreneurs, and ultimately fail to give so many people the education they really need.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/259
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