41 min
#113 with Collin Schwartz and Chris Pomerleau: How to Scale to 700 Units in Multifamily Investing Millennial Millionaire Real Estate Podcast
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- Investing
In this episode, Jonathan Farber interviews Collin Schwartz and Chris Pomerleau on their endeavors from desk jobs they wanted out of to having closed on over 700 units. Collin and Chris are multifamily investing partners based in Omaha, Nebraska. In this episode, we break down topics like: avoiding the single family fallacy, doing partnerships right, going from W-2 to multifamily investing, and more!
Top Takeaways:
Understanding how to avoid the single family fallacy - 10:30 - 14:00
While the numbers can look like they may make sense on paper, reality often eats that away
Because resources are spread thin, everything is more expensive to take care of
Single family ends up making less in the long term due to the buildup of inefficiency
Doing partnerships the right way - 15:15 - 18:45
People you come across often are likely the ones most likely to work well with you
Your priority consideration in a partner should be if your goals and values align
You have to have trust with your partner to keep the relationship effective
Making the jump from W-2 worker to multifamily investor - 22:30 - 24:00
Partnering with a more experienced investor is tried and true - the more value you add, the better
If you’re looking at bigger properties, partner as an LP to start building your understanding
Everyone has something to offer, your job is to figure out what yours is
How to bring value to Collin Schwartz and Chris Pomerleau:
Bring capital and deal for syndications
Social Links:
biggerpockets.com/users/CollinSchwartz
biggerpockets.com/users/CKP
parkaveinvesting.com
@collinschwartz
@chrispomerleau
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
info@martelturnkey.com
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
In this episode, Jonathan Farber interviews Collin Schwartz and Chris Pomerleau on their endeavors from desk jobs they wanted out of to having closed on over 700 units. Collin and Chris are multifamily investing partners based in Omaha, Nebraska. In this episode, we break down topics like: avoiding the single family fallacy, doing partnerships right, going from W-2 to multifamily investing, and more!
Top Takeaways:
Understanding how to avoid the single family fallacy - 10:30 - 14:00
While the numbers can look like they may make sense on paper, reality often eats that away
Because resources are spread thin, everything is more expensive to take care of
Single family ends up making less in the long term due to the buildup of inefficiency
Doing partnerships the right way - 15:15 - 18:45
People you come across often are likely the ones most likely to work well with you
Your priority consideration in a partner should be if your goals and values align
You have to have trust with your partner to keep the relationship effective
Making the jump from W-2 worker to multifamily investor - 22:30 - 24:00
Partnering with a more experienced investor is tried and true - the more value you add, the better
If you’re looking at bigger properties, partner as an LP to start building your understanding
Everyone has something to offer, your job is to figure out what yours is
How to bring value to Collin Schwartz and Chris Pomerleau:
Bring capital and deal for syndications
Social Links:
biggerpockets.com/users/CollinSchwartz
biggerpockets.com/users/CKP
parkaveinvesting.com
@collinschwartz
@chrispomerleau
Connect With Our Sponsor, MartelTurnkey:
martelturnkey.com
Schedule a Call
info@martelturnkey.com
Connect With The host, Jonathan Farber Here!
LinkedIn: https://www.linkedin.com/in/jonathanfarber1/
Instagram: @jonjfarb
Facebook: https://www.facebook.com/jonathan.farber.9
Facebook Group: Real Estate Mentorship Mastermind
https://www.facebook.com/groups/860025821084224/
BiggerPockets: https://www.biggerpockets.com/users/JonathanF29
Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr
Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA
41 min