135: Raising Money to Buy 1,000 Apartment Units with Brian Adams

How does someone shift from buying single family houses to buying hundred+ unit apartment complexes? That’s the topic we’re diving into today on the BiggerPockets Podcast with real estate investor and former CPA Brian Adams. This show is packed to the brim with actionable tips and advice for anyone looking to expand their real estate business, quit their job, raise private capital, and work less while enjoying life more. You’ll be inspired and motivated by interview, so don’t miss a moment of it! In This Episode We Cover: The important perspectives Brain gained from his grandfather and football coach How he bought a rental property with a CPA background The impetus he used to change how things were going with his life How to plan and implement a journey to real estate investing The process of partnering with a group Things Brian would’ve done better if he started all over again How to pick your partner’s brain when making deals Brian’s 98-unit deal — that ended up folding What to do when your investors back out on a deal What you should know about exit strategies How he gets paid with kind of deals he does How he plays matchmaker for investors and buyers The importance of the “ABM” (Always Be Marketing) strategy And SO much more! Links from the Show Listen to BiggerPockets Podcast on Stitcher BiggerPockets Webinar BiggerPockets Forums Marcus & Millichap IRR Costar LoopNet Multifamily and Apartment Investing Forums I quit my CPA Job to buy Large Apartment Buildings (Forum Thread) Books Mentioned in this Show The 7 Habits of Highly Effective People by Stephen Covey 80/20 Sales and Marketing by Perry Marshall Emerging Real Estate Markets by David Lindahl It’s a Whole New Business by Gene Trowbridge Keep It!: Advanced Tax Strategies for IRAs by Joe O Luby III Getting Things Done by David Allen The E-Myth Revisited by Michael E. Gerber Think and Grow Rich by Napoleon Hill No B.S. Marketing to the Affluent by Dan S. Kennedy Never Check E-Mail In the Morning by Julie Morgenstern Tweetable Topics: “Education and the books are fine, but you got to get out there and take some risk.” ( Tweet This! ) “Let’s follow those who are smart, those who have done this before.” ( Tweet This! ) “5 percent of a great deal is better than a 100 percent of no deal.” ( Tweet This! ) Connect with Brian Brian’s BiggerPockets Profile Brian’s Company Website Learn more about your ad choices. Visit megaphone.fm/adchoices