The Multifamily Wealth Podcast
#235: Organically Growing a 200+ Unit Portfolio, Direct-To-Seller Strategies, and Focusing on Tertiary Markets with Zach Hoereth
May 28, 2024
Zach Hoereth, an investor specialized in small to midsize multifamily deals in the Midwest, shares his journey to building a 200+ unit portfolio. He discusses effective direct-to-seller strategies, emphasizing the power of persistent follow-up. With anecdotes about navigating market challenges and leveraging single-family homes for wealth, Zach offers insights on conducting due diligence from afar. He also reveals his future goals, including a focus on self-storage facilities, and highlights the importance of collaboration and relationship-building in the industry.
49:11
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Quick takeaways
- Investors can capitalize on disorganized bookkeeping by enhancing property management efficiency, transforming poorly managed assets into profitable investments.
- Direct-to-seller strategies, including targeted marketing and persistent follow-ups, are crucial for securing real estate deals in competitive markets.
Deep dives
Opportunities in Disorganized Operations
The discussion emphasizes that disorganized bookkeeping and operations present valuable opportunities for investors who can streamline and enhance efficiency. Many property owners may struggle with managing their real estate assets effectively, creating a gap where skilled investors can step in and capitalize on improvements. For instance, the podcast highlights how successful investors can optimize a poorly managed property to significantly increase its value. This reflects a broader trend in real estate where adept management can transform chaotic situations into profitable investments.
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