317: Building a $300MM Real Estate Empire from Scratch with Multifamily Investor Chad Doty

Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets? Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units! Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits. Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now! In This Episode We Cover:How Chad got into multifamilyWhat evergreen isTwo real estate mythsWhat comes first: deal or moneyThe market he invests in and whyHis success metricsThe four components of any successful businessRaising money to fund an apartment buildingIncrease rent vs. decrease expensesWhat does his team look like managing thousands of propertiesRules of thumb for communicating with property managementHis thoughts on the future of today’s marketAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarReal Estate GlossaryGrant Cardone on Multifamily Investing and Why You Should Never Buy a House! (podcast)BiggerPockets Podcast 316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan (podcast)BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (podcast)Books Mentioned in this ShowThe Speed of Trust by Stephen CoveyThe Millionaire Real Estate Investor by Gary KellerThe Goal by Eliyahu M. GoldrattTweetable Topics:“Money flows to competency not to good deals.” (Tweet This!)“Capital formation is the ultimate entrepreneurial skill.” (Tweet This!)“If emotions are going to be out there, use it to your benefit.” (Tweet This!)“Embrace the suck required to get good. But once you do that, the world is your oyster.” (Tweet This!)“Hospitals are 24-hour blue collar job factories.” (Tweet This!)Connect with ChadChad’s Personal WebsiteFree Report for Evidenced Based Investing

Episode 317 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "317: Building a $300MM Real Estate Empire from Scratch with Multifamily Investor Chad Doty" was published on February 14, 2019 and runs 83 minutes.

February 14, 2019 ·83m · BiggerPockets Real Estate Podcast

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Summary

Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets? Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units! Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits. Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now! In This Episode We Cover: How Chad got into multifamily What evergreen is Two real estate myths What comes first: deal or money The market he invests in and why His success metrics The four components of any successful business Raising money to fund an apartment building Increase rent vs. decrease expenses What does his team look like managing thousands of properties Rules of thumb for communicating with property management His thoughts on the future of today’s market And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Real Estate Glossary Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! (podcast) BiggerPockets Podcast 316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan (podcast) BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (podcast) Books Mentioned in this Show The Speed of Trust by Stephen Covey The Millionaire Real Estate Investor by Gary Keller The Goal by Eliyahu M. Goldratt Tweetable Topics: “Money flows to competency not to good deals.” (Tweet This!) “Capital formation is the ultimate entrepreneurial skill.” (Tweet This!) “If emotions are going to be out there, use it to your benefit.” (Tweet This!) “Embrace the suck required to get good. But once you do that, the world is your oyster.” (Tweet This!) “Hospitals are 24-hour blue collar job factories.” (Tweet This!) Connect with Chad Chad’s Personal Website Free Report for Evidenced Based Investing Learn more about your ad choices. Visit megaphone.fm/adchoices

Episode Description

Ever dreamed of being a successful multifamily investor who owns millions of dollars in real estate while others manage your assets? Well, today’s guest is doing just that! Brandon and David sit down with Chad Doty, a one-time businessman who ditched corporate life and moved on to real estate, now owning 3,000 units! Chad shares TONS of meaty insight, including what he looks for when choosing a market, where he’s currently investing (and avoiding), and four rules of thumb for building a multifamily business. Chad gives great advice regarding overcoming high barriers to entry, getting brokers to take you seriously (even as a newbie), and adding value to properties in order to generate big profits. Plus, you DO NOT want to miss Chad’s take on finding deals others are missing, the order in which you should build your team, and how he would invest his grandmother’s last 100K! If you’re looking for an episode with so much value you’ll feel guilty you didn’t have to pay for it, download this one now! In This Episode We Cover: How Chad got into multifamily What evergreen is Two real estate myths What comes first: deal or money The market he invests in and why His success metrics The four components of any successful business Raising money to fund an apartment building Increase rent vs. decrease expenses What does his team look like managing thousands of properties Rules of thumb for communicating with property management His thoughts on the future of today’s market And SO much more! Links from the Show BiggerPockets Forums BiggerPockets Webinar Real Estate Glossary Grant Cardone on Multifamily Investing and Why You Should Never Buy a House! (podcast) BiggerPockets Podcast 316: How to Become a Millionaire Through Real Estate by 26 with Graham Stephan (podcast) BiggerPockets Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan (podcast) Books Mentioned in this Show The Speed of Trust by Stephen Covey The Millionaire Real Estate Investor by Gary Keller The Goal by Eliyahu M. Goldratt Tweetable Topics: “Money flows to competency not to good deals.” (Tweet This!) “Capital formation is the ultimate entrepreneurial skill.” (Tweet This!) “If emotions are going to be out there, use it to your benefit.” (Tweet This!) “Embrace the suck required to get good. But once you do that, the world is your oyster.” (Tweet This!) “Hospitals are 24-hour blue collar job factories.” (Tweet This!) Connect with Chad Chad’s Personal Website Free Report for Evidenced Based Investing Learn more about your ad choices. Visit megaphone.fm/adchoices