{"id":73910,"date":"2015-07-15T00:02:50","date_gmt":"2015-07-15T06:02:50","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=73910"},"modified":"2023-04-12T06:30:33","modified_gmt":"2023-04-12T12:30:33","slug":"2015-07-15-bp-podcast-131-investing-in-multifamily-properties-in-a-hot-real-estate-market-with-serge-shukat","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2015-07-15-bp-podcast-131-investing-in-multifamily-properties-in-a-hot-real-estate-market-with-serge-shukat","title":{"rendered":"Investing in Multifamily Properties in a HOT Real Estate Market with Serge Shukhat"},"content":{"rendered":"<p>Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That\u2019s why we had to bring back one of our most popular guests on the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a>, <strong>Serge Shukhat<\/strong>.<\/p>\n<p>The last time we talked with Serge back in episode 60, Serge told us how he built up a massive portfolio in just a few years. But if you were impressed then, this show is going to blow you away. Filled with <strong>TONS of actionable tips, stories and warnings<\/strong>, this is one episode you are going to want (and need) to listen to over and over again.<\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp131-serge-shukhat-podcast-transcript-investing-in-multifamily-properties-in-a-hot-market\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC3505009168&amp;light=false\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-41804\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/04\/BiggerPockets-Podcast-Cover-300-300.jpeg\" alt=\"BiggerPockets-Podcast-Cover 300 300\" width=\"150\" height=\"150\" title=\"\"><\/a><\/p>\n<ul>\n<li>How Serge <strong>got started<\/strong> in real estate<\/li>\n<li>What he&#8217;s been up to since his last episode<\/li>\n<li>What <strong>value add<\/strong>\u00a0and\u00a0value add investors are<\/li>\n<li>What you need to know about\u00a0<strong>commercial lending<\/strong><\/li>\n<li>How he used <strong>seller financing<\/strong> for\u00a0his 32 units<\/li>\n<li>The 3 components of successfully purchasing <strong>multifamily<\/strong>\u00a0properties<\/li>\n<li>The ins and outs of <strong>cap rate<\/strong> and exit cap rate<\/li>\n<li>Why Serge does\u00a0his own <strong>property management<\/strong><\/li>\n<li>Things to avoid when value add investing<\/li>\n<li>What exactly <strong>submetering<\/strong> is<\/li>\n<li>Instances when overlooking things may cause problems later on<\/li>\n<li>Thoughts on using multi-units as <strong>vacation rentals<\/strong><\/li>\n<li>How to train resident managers and tenants<\/li>\n<li>The importance of changing your<strong> strategy<\/strong> depending on the market<\/li>\n<li>What you should know about\u00a0long term 30-year fixed<strong> financing<\/strong><\/li>\n<li>What <strong>secondary markets<\/strong> are &#8212; and why Serge likes them<\/li>\n<li>How to connect with owners and resident managers<\/li>\n<li>How to keep a\u00a0<strong>competitive advantage<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"\/renewsblog\/2014\/03\/06\/bp-podcast-060-serge-shukhat\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 060: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/02\/05\/bp-podcast-108owning-350-million-real-estate-10x-rule-grant-cardone\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant Cardone<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"\/renewsblog\/2013\/11\/12\/damn-rules\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stop Obsessing About All Those Damn \u201cRules\u201d in Your Real Estate Investing<\/a> (Blog Post)<\/li>\n<li><a href=\"http:\/\/www.loopnet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">LoopNet<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\/432-multi-family-and-apartment-investing\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets\u00a0Multi-Family and Apartment Investing Forums<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><a href=\"http:\/\/amzn.to\/2aeXaAC\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Magic of Thinking Big<\/em><\/a> by\u00a0David J. Schwartz<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aroG14\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Rich Dad Poor Dad<\/em><\/a> by\u00a0Robert T. Kiyosaki<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2a5qD5C\" target=\"_blank\" rel=\"noopener noreferrer\">Landlording on Auto-Pilot<\/a><\/em> by Mike Butler<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2aIn8lR\" target=\"_blank\" rel=\"noopener noreferrer\">The Real Book of Real Estate<\/a><\/em> by Robert T. Kiyosaki<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/1cD81PB\" target=\"_blank\" rel=\"noopener noreferrer\">The 7 Habits of Highly Effective People<\/a><\/em> by Stephen Covey<\/li>\n<li><a href=\"http:\/\/amzn.to\/29T6T4d\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The ABCs of Real Estate Investing<\/em><\/a> by\u00a0Ken McElroy<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2an5sZr\" target=\"_blank\" rel=\"noopener noreferrer\">The E-Myth Revisited<\/a><\/em> by Michael E. Gerber<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2aeYmUH\" target=\"_blank\" rel=\"noopener noreferrer\">The ONE Thing<\/a><\/em> by\u00a0Gary Keller<\/li>\n<li><a href=\"http:\/\/amzn.to\/2anWoqI\" target=\"_blank\" rel=\"noopener noreferrer\"><em>How to Win Friends &amp; Influence People<\/em><\/a> by Dale Carnegie<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>\u201cIf you want to do a syndication, make sure you find a syndicator that is experienced. It\u2019s all about the sponsor.\u201d\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%E2%80%9CIf%20you%20want%20to%20do%20a%20syndication%20make%20sure%20you%20find%20a%20syndicator%20that%20is%20experienced.%20It%E2%80%99s%20all%20about%20the%20sponsor.%E2%80%9D%20http:\/\/bit.ly\/1M9I2Vh\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Time is not your enemy in real estate, time is your friend.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Time%20is%20not%20your%20enemy%20in%20real%20estate,%20time%20is%20your%20friend.%22%20%40BiggerPockets%20Podcast%20131%20http:\/\/bit.ly\/1M9I2Vh\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Be on a location where people want to be.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Be%20on%20a%20location%20where%20people%20want%20to%20be.%22%20%40BiggerPockets%20Podcast%20131%20http:\/\/bit.ly\/1M9I2Vh\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<li>&#8220;No matter how successful you are, you got to keep moving forward.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22No%20matter%20how%20successful%20you%20are,%20you%20got%20to%20keep%20moving%20forward.%22%20%40BiggerPockets%20Podcast%20131%20http:\/\/bit.ly\/1M9I2Vh\" target=\"_blank\" rel=\"noopener noreferrer\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Serge<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/sfcgee\" target=\"_blank\" rel=\"noopener noreferrer\">Serge&#8217;s BiggerPockets Profile<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Everyone wants to invest in multifamily properties. (Well, almost everyone.) But with the market heating up around the country, great deals are becoming incredibly difficult to find. That\u2019s why we [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-73910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/73910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=73910"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/73910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119066"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=73910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=73910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=73910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}