If you feel scared to jump into large multifamily investments, this may be the episode for you!

The average journey of a real estate investor tends to go something like this: buy a house, use profits to reinvest into another house, buy a duplex here and there, and buy another house again. Does this sound like you or someone you know?

For Feras Moussa, stacking singlefamily properties was never the goal, especially after he had to manage his first rental investments. At some point, it becomes too hard to scale and you’re stuck with 30+ units and 30+ tenants all trying to get your attention to fix something. This is how real estate can become more of a job than a business.

Feras knew this so he started venturing into medium/large multifamily investments instead. His first big multifamily deal was a 99unit deal in Atlanta, Georgia. He was able to take a neglected apartment complex and turn it into a cashflowing, highvalue piece of property that he later sold for a sizable multiple. Now, Feras does bigger deals, like a $50M+ apartment complex that his company Disrupt Equity and Open Door Capital are partnering on.

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Episode 488

Show notes at: https://www.biggerpockets.com/show488

00:00 Intro
2:34 Quick Tip
4:47 Welcome Feras!
5:52 Getting a Taste of Multifamily
11:41 Habits of Someone Who Can Take Down Big Deals
15:17 Networking
24:40 Underwriting Multifamily Deals
37:27 Feras's Current Portfolio
38:04 The First BIG Deal
44:40 ValueAdd Opportunities
54:38 Multifamily Red Flags
1:03:50 Partnerships
1:10:06 Feras's Goals
1:13:46 Famous 4