BiggerPockets Real Estate Podcast 383: Finding Your Perfect Partner and the Top 6 Factors When Choosing a Market with Ben Leybovich & Sam Grooms
May 21, 2020
Ben Leybovich, a seasoned real estate investor transitioning to large multifamily deals, teams up with Sam Grooms, a former CPA focusing on financial strategies in syndication. They discuss finding the right investment partner and the six crucial factors for market selection. Leybovich and Grooms share insights on maintaining a reserve fund, navigating the Phoenix market, and their approach to multifamily syndication as a 'long flip.' They also delve into adapting strategies amidst market volatility and the importance of quick decision-making in real estate.
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Sam's Automation Story
- Sam Grooms automated half his CPA work at Deloitte, freeing time for real estate analysis.
- This sparked his passion, leading him and his wife to quit their jobs and pursue flipping houses.
Essential House Flipping Skills
- Flipping houses requires lead-finding and negotiation skills.
- Other skills, like contracting and bookkeeping, can be outsourced.
Scaling to Multifamily
- Transitioning to large multifamily deals requires a different skillset than flipping.
- This often involves learning syndication, which is more complex.
