
The Multifamily Wealth Podcast #40: From Valeting Cars to Building a Multi-Million Dollar Rental Portfolio (In His Early 20s!) with Zach Hoereth
This episode with Zach Hoereth is a must-listen for investors operating at all levels, we get into topics like taking down your first deal, balancing investing with being a broker, and the power of building long term relationships with sellers and other folks in your market. For the younger investors out there - we talk about how your age is actually an advantage when getting into the market and taking down deals (rather than the opposite)!
Zach is a broker and real estate investor based in Indianapolis, IN, and began his road to investing with single-family properties, later snowballing into just over 35 units in 4 years.
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:
2:54 Zach discusses how he worked his way into the real estate business while attending college in Florida.
5:31 We discuss what Zach learned when he was initially working in the real estate business.
9:15 Zach shares how he started finding deals and started to grow his business in Indianapolis.
13:00 We talk about Zach's deal, how he closed his first multi-family property, and the experience that came with it.
18:40 Zach shares what his portfolio looks like now and how it's managed.
21:46 We discuss how Zach structures his deals and why it is so important to choose who you work with.
29:35 Zach shares how he finds deals in his market and how he uses his age as an advantage.
36:00 We discuss how relationships are when growing deal flow and scaling your business.
39:30 We talk about investing at a young age, and why confidence and education are key to gain momentum and traction.
44:00 Zach shares the advice he would give himself before closing his first deal.
45:42 We discuss what qualities Zach attributes his success to.
46:48 Zach shares his short term goals.
CONNECT WITH ZACH
https://www.linkedin.com/in/zach-hoereth-874896104/
https://www.instagram.com/zach.hoereth/?hl=en
zach@zachhoereth.com
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