Jul 6, 2018
A few years ago, Ed Faukner bought a new house for his growing
family to live in. The day after they moved in…his wife informed
him that she HATED the house and wanted to move. Yikes! Instead of
selling they rented it out. That was his first experience with
owning rental real estate. He was terrified with having someone
else live in their home. After a while, he got comfortable with
owning rental real estate and bought a duplex. He eventually sold
it and realized a large gain. He was hooked. He wanted to buy more
units. Ed wanted to start with small steps in buying rental
property. With a partner, he bought a 10 unit building. He has
learned a lot in a short period of time. His biggest lesson is
BIGGER IS BETTER in MULTIFAMILY. He learned that economies of scale
were important in multifamily. His next transaction was a much
bigger property with 44 units. Ed’s journey is typical of many real
estate investors…he took baby steps from a single family rental ,
then a duplex, to a 10 unit, and now… 44 units. Could you do
this?
To contact Ed Faukner: ED@HZFProperties.com
To receive our FREE 15 page WHITE PAPER REPORT on the 2018
FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about
upcoming events at Old Capital Speaker Series please visit us at
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Are you interested in learning more about how Multifamily
Syndications work? Please visit www.spiadvisory.com to learn about
Michael's Real Estate Syndication business with SPI Advisory
LLC.