{"id":84345,"date":"2016-12-15T00:02:32","date_gmt":"2016-12-15T07:02:32","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=84345"},"modified":"2023-04-14T01:43:27","modified_gmt":"2023-04-14T07:43:27","slug":"bp-podcast-205snowballing-single-family-houses-apartment-complexes-jered-sturm","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/bp-podcast-205snowballing-single-family-houses-apartment-complexes-jered-sturm","title":{"rendered":"Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm"},"content":{"rendered":"<p>How does one transition from doing simple houses to more complex deals? That\u2019s the topic on today\u2019s episode of the <a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\">BiggerPockets Podcast<\/a>, where we sit down once again with <strong>Jered Sturm<\/strong>, a real estate investor from the Midwest who\u2019s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of <strong>his newest 42-unit apartment complex<\/strong> and the unique \u201cvalue-add\u201d ideas he discovered that made this property a home run!<\/p>\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\" frameborder=\"0\" height=\"200\" scrolling=\"no\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC7470214026&#038;light=false\" width=\"100%\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm | BP Podcast 205\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/HTRjnyCiaSY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/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>This Show Sponsored By<\/h2>\n<p>We just wa<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-66280 no-display appear\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2014\/11\/RealtyShares.png\" alt=\"RealtyShares\" width=\"283\" height=\"60\" title=\"\">nted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> RealtyShares<\/strong>. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!<\/p>\n<p>Learn more by visiting\u00a0<a href=\"https:\/\/www.realtyshares.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">RealtyShares.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round\u00a0Sponsor<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-74647 size-gallery-block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/08\/freshlogo-214x140.png\" alt=\"freshlogo\" width=\"214\" height=\"140\" title=\"\">A huge thanks as well to our Fire Round sponsor FreshBooks.<br \/>\nFreshBooks customers spend less time on paperwork, freeing up <span class=\"tooltips\">2 days per month<\/span> to focus on the work they love. What would you do with that extra time?<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.freshbooks.com\/pages\/biggerpockets?ref=11568&amp;utm_source=bigger-pockets&amp;utm_medium=podcast&amp;utm_campaign=2015\" target=\"_blank\" rel=\"noopener noreferrer\">FreshBooks<\/a>.<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<ul>\n<li>A quick recap on how Jered <strong>got started<\/strong> in this game<\/li>\n<li>What <strong>market<\/strong> is he in and how it changed over the last couple of years<\/li>\n<li>Why he moved his investing from <strong>Cincinnati to Atlanta<\/strong><\/li>\n<li>How he uses\u00a0<strong>partnerships<\/strong> to manage different markets<\/li>\n<li>Tips for funding using\u00a0<strong>other people\u2019s money<\/strong><\/li>\n<li>The\u00a0goal that led to using <strong>syndication<\/strong><\/li>\n<li><strong>Self-fulfillment<\/strong> rather than just buying more<\/li>\n<li>The importance of figuring\u00a0out your &#8220;<strong>why<\/strong>&#8220;<\/li>\n<li>How he has\u00a0the discipline to not spend their <strong>quadrupled income<\/strong><\/li>\n<li>Why you should separate out\u00a0the \u201c<strong>business income<\/strong>\u201d<\/li>\n<li>How he found his <strong>42-unit<\/strong> apartment complex<\/li>\n<li>Tips on managing <strong>cold calling\u00a0<\/strong><\/li>\n<li>What <strong>criteria<\/strong> was he looking for<\/li>\n<li>The advantages of having dedicated <strong>water lines<\/strong> for the\u00a0units<\/li>\n<li>The beauty of <strong>adding value<\/strong> to properties<\/li>\n<li>What exactly a <strong>resident manager<\/strong> is<\/li>\n<li>Why <strong>building structures<\/strong> made the difference in their business<\/li>\n<li>How he <strong>financed<\/strong> this multifamily deal<\/li>\n<li>Using the <strong>BRRRR strategy<\/strong> on large multifamily<\/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\/2015\/05\/28\/bp-podcast-124-building-real-estate-empire-at-young-age-with-jered-sturm\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 124: Building a Real Estate Empire At a Young Age with Jered Sturm<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/webinar?main_track_only=true\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Webinar<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/podcast\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Podcast<\/a><\/li>\n<li><a href=\"\/renewsblog\/sets-successful-real-estate-investors-failquitstarted\/\" target=\"_blank\" rel=\"noopener noreferrer\">What Sets Apart Successful Real Estate Investors From Those Who Fail, Quit, or Never Get Started?<\/a>\u00a0(blog)<\/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=\"\/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=\"http:\/\/www.jdoqocy.com\/click-8537200-12733662\" target=\"_blank\" rel=\"noopener noreferrer\">Buildium<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/bookstore\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Bookstore<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><i><a href=\"https:\/\/www.biggerpockets.com\/rentalbook\" target=\"_blank\" rel=\"noopener noreferrer\">The Book on Rental Property Investing<\/a>\u00a0<\/i> by Brandon Turner<\/li>\n<li><em><a href=\"https:\/\/www.biggerpockets.com\/rentalbook\" target=\"_blank\" rel=\"noopener noreferrer\"> The Book on Managing Rental Properties<\/a>\u00a0<\/em>by Brandon Turner and Heather Turner<\/li>\n<li><a href=\"http:\/\/amzn.to\/2hFnQlN\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Traction<\/em><\/a> by\u00a0Gino Wickman<\/li>\n<li><a href=\"http:\/\/amzn.to\/2gLoFIi\" target=\"_blank\" rel=\"noopener noreferrer\"><em>E-Myth Revisited<\/em><\/a> by Michael E. Gerber<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;Self fulfillment is how can you be the best you can be while also helping others be the best they can be.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Self%20fulfillment%20is%20how%20can%20you%20be%20the%20best%20you%20can%20be%20while%20also%20helping%20others%20be%20the%20best%20they%20can%20be.%22%20biggerpockets.com\/show205\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;We\u2019ve over prepared for the future, and even though we\u2019re still pretty small, we\u2019re running like a large company.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22We%E2%80%99ve%20over%20prepared%20for%20the%20future%20and%20even%20though%20we%E2%80%99re%20still%20pretty%20small,%20we%E2%80%99re%20running%20like%20a%20large%20company.%22%20biggerpockets.com\/show205\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Management makes or break the investment.&#8221; (<a href=\"https:\/\/twitter.com\/home?status=%22Management%20makes%20or%20break%20the%20investment.%22%20BP%20Podcast%20205%20biggerpockets.com\/show205%20%40biggerpockets\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with\u00a0Jered<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/jstur2008\" target=\"_blank\" rel=\"noopener noreferrer\">Jered&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"\/renewsblog\/author\/jeredsturm\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jered&#8217;s BiggerPockets Author Profile<\/a><\/li>\n<li><a href=\"http:\/\/snscapitalgroup.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Jered&#8217;s Company Website<\/a><\/li>\n<\/ul>\n<h2>Show Preview<\/h2>\n<p><iframe loading=\"lazy\" title=\"Podcast 205 Preview: Real estate investing is very possible for everyone...\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/OnA3pU0v6kc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How does one transition from doing simple houses to more complex deals? That\u2019s the topic on today\u2019s episode of the BiggerPockets Podcast, where we sit down once again with Jered [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":118636,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-84345","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\/84345","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=84345"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/84345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/118636"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=84345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=84345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=84345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}