605: More Problems, More Money & Why Investors Should Search for Fresh Headaches
How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.
Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.
Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.
In This Episode We Cover
The “fish hauling and shipbuilding” of a perfect real estate partnership
Why entrepreneurs and investors alike should search out new problems to solve
Financing large deals using OPM (other people’s money) and raising capital the right way
How to find any off-market property owner simply by using Google Maps
The biggest mistake you can make when raising money from private investors
Relationship marketing and how it can open you up to phenomenal real estate deals
And So Much More!
Links from the show
81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis
Connect with Christian:
Cody and Christian's YouTube Channel
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605
Learn more about your ad choices. Visit megaphone.fm/adchoices
More description
How many rental units do you want? Depending on who you ask, the number of rental properties can differ dramatically. A young investor may be looking to scale their portfolio quickly, eyeing ten, fifteen, or even one-hundred units. But, for a veteran real estate investor, who may already have a three or four-figure portfolio, the optimal rental unit count could be none at all—they may purely want passive income.
Christian Osgood knows this all too well, and it’s how he’s grown a seventy-one-unit portfolio in such a short amount of time. As half of a dynamic investing duo, Christian and his partner Cody Davis know that the first place to look for a deal is within someone’s goals. Unlike most off-market deal hunters, Christian and Cody don’t blatantly ask a seller if they’re willing to part ways with their property. They do something much different and a bit unorthodox.
Christian and Cody have grown a massive multifamily portfolio in an impressive amount of time. Christian walks through the reasons why this partnership works, how they divvy up their roles, and why new investors should learn to love new problems, not cower in fear over potential pit-stops on their wealth-building journey.
In This Episode We Cover
The “fish hauling and shipbuilding” of a perfect real estate partnership
Why entrepreneurs and investors alike should search out new problems to solve
Financing large deals using OPM (other people’s money) and raising capital the right way
How to find any off-market property owner simply by using Google Maps
The biggest mistake you can make when raising money from private investors
Relationship marketing and how it can open you up to phenomenal real estate deals
And So Much More!
Links from the show
81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis
Connect with Christian:
Cody and Christian's YouTube Channel
Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-605
Learn more about your ad choices. Visit megaphone.fm/adchoices
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