Vince Gethings, founder of Tri-City Equity Group and a multifamily investor, shares insights from scaling his portfolio to 800 units worth over $100 million. He discusses integrating home services with real estate to enhance cash flow and the importance of effective hiring in business growth. Vince also elaborates on using the EOS framework for operational efficiency and the adaptation of his investment strategy towards higher-quality assets in DFW. A candid tale of a challenging loan retrade uncovers valuable lessons in negotiation and resilience.
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volunteer_activism ADVICE
Use EOS and Delegate Leadership
Use the EOS (Entrepreneurial Operating System) framework to structure and scale multiple companies effectively.
Hire strong GMs or COOs to run daily operations and free up your personal time.
volunteer_activism ADVICE
Optimize Weekly EOS Meetings
Cut chit chat and stick strictly to the agenda in EOS Level 10 meetings to respect everyone's time.
Automate data collection with AI to improve accuracy and spot trends faster in business operations.
question_answer ANECDOTE
Loan Retrade Painful Lesson
Vince experienced a painful loan retrade where terms were changed at closing, increasing his interest rate drastically.
He regrets not standing firm or negotiating more time with the seller to resolve it properly.
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How a Few Companies Make It… and Why the Rest Don’t
Verne Harnish
This book, written by Verne Harnish, provides a comprehensive framework for scaling businesses. It focuses on the four major decision areas every company must get right: People, Strategy, Execution, and Cash. The book includes the updated One-Page Strategic Plan and the Rockefeller Habits Checklist, which have been used by over 40,000 firms to scale successfully. Harnish draws on decades of experience advising CEOs and executives, emphasizing the importance of routines, effective meetings, and clear communication to drive business growth and maintain organizational health[1][3][4].
On this episode of the Best Ever CRE Show, Joe Fairless interviews Vince Gethings, a multifamily investor and founder of Tri-City Equity Group. Vince shares how he's scaled a portfolio of 10 apartment communities totaling 800 units and over $100M in assets under management. He discusses his integration of small business ownership—including a flooring company and home installation franchise—to support his real estate operations and cash flow strategy. Vince also dives into the EOS (Entrepreneurial Operating System) framework that he uses to manage his six companies, how he structures L10 meetings across them, and his evolving investment thesis—shifting from C-class value-add to newer, higher-quality multifamily assets in DFW. A candid story about a painful loan retrade underscores the importance of holding firm at the closing table.
Vince Gethings
Current role: Founder of Tri-City Equity Group; Owner of multiple businesses including flooring and installation companies; Successor to Jake & Gino's Vivo Profits Academy
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