WS1548: How to Start A Multifamily Business | Ivan Barratt

Starting a multifamily business, or any business, is not a walk in the park. There are many things to learn, unlearn, and even relearn. There are many hardships and obstacles that will surely come your way. Often, these are called birth pains. But, once you have established your business, there’s no other way but to go up.In the first episode of our three-part series with Ivan Barratt of BAM Companies, he tells us how he began his real estate business and grow it to how it is today. Ivan kicks off by sharing about BAM Companies and how vertically integrated the company is. He then shares that he started the company in his spare bedroom and doing it all at first. He also talks about the importance of having a coach, the people you are working with, and getting your family’s support. Listen now and be inspired by Ivan’s journey!Key Points From This Episode: Ivan talks about BAM companies and how they are vertically integrated.Ivan shares that he started back in 2010 by running his own property management.Why did Ivan start property management first?When did Ivan realize that he can scale his business and do a large apartment building community?Why is building relationships with your clients important?What were the difficulties that Ivan faced when closing his first deal?Ivan shares how he and his wife overcame the struggles of getting their first deal done.What would have Ivan done differently knowing what he knows now?Ivan emphasizes the need of having a good coach.What helps Ivan and his business not fall apart?Tweetables:“We don't go to big institutions, we democratize real estate for the individual investor.”“I've realized that one of the secrets for me (is), this is my journey, everybody's got a different one, but one of the secrets for me was I had to first do what I hate in order to one day get to do what I love.”“I had this idea After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. I'm looking for five men to walk closely with who want to lead well at home and work.  Email me at [email protected] and tell me why you should be one of the five. whitneysewell.com  VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow📝 JOIN THE DISCUSSIONhttps://www.facebook.com/groups/realestatesyndication➡️ FOLLOW UShttps://twitter.com/whitney_sewell https://www.instagram.com/whitneysewell/ https://www.linkedin.com/in/whitney-sewell/ ⭐ Be Our Guest!We are continuously working hard to help our listeners with their journey to real estate syndication. If you think you can add value in any way to our listeners who are in commercial real estate, then we’d love to have you over. Apply here: https://lifebridgecapital.com/join-our-podcast/