Moving up to the “big deals” is the goal of everyone who plays Robert Kiyosaki’s Cash Flow game, just like going from little green houses to big red hotels is the path to riches in Parker Brothers’ Monopoly. The bigger the property, the more profit potential there is.
In the real world, the natural progression for real estate investors is to go from single family houses to apartment buildings. But the real world also means real money, which can be scary in a tenuous economy.
So what’s happening in today’s apartment market and how do you make the transition to the big leagues?
To find out, The Real Estate Guys™ invited a long time investor, CPA and real estate broker to share his pearls of real world wisdom.
Behind the microphones, diving deep into the depths of real estate experience:
- Your host and daring pearl diver of diction, Robert Helms
- Co-host and peerless puller of precious pearls, Russell Gray
- The Godfather of Real Estate, Bob Helms
- Special guest, seasoned investor, CPA, CCIM real estate broker, and really smart dude, Steve Fithian
This episode has a few facets to interest you.
First, Steve has an interesting history as a conservative, corporate CPA turned swash buckling real estate investor, broker and entrepreneur. Well, swash buckling compared to being a corporate CPA. But he gave up the “security” of the corporate grind to get on the rocky road to real estate riches. Along the way, he’s used his education and training to survive a couple of market downturns, so there’s some valuable lessons right there.
Also, Steve’s evolution from small property investor to big apartment investor has more important lessons – especially when making the transition in an uncertain market. He has strong opinions about how to do it in a safe and sane way.
And of course, Steve’s insights as a commercial real estate broker and property manager in one of the best apartment markets in the nation adds a whole other valuable dimension to this broadcast. Even more so because he isn’t native to his market. He chose it strategically and has the unique perspective of looking at the market as both an insider and an outsider. Steve took our mantra “Live where you want to live, but invest where the numbers make sense” to the next level: “Find our where the numbers make sense and move there.”!
We think it makes sense to listen to an educated, street smart, seasoned professional when it comes to understanding market cycles and the apartment investing opportunities in today’s market. So tune in to the conversation and prepare to pull some precious pearls of wisdom of your own from this podcast!
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The Real Estate Guys™ Radio Show and podcast provides real estate investing news, education, training and resources to helps real estate investors succeed.