• 153: Stabilizing and Refinancing Multifamily Real Estate with Zachary Gray

  • Jul 8 2024
  • Duración: 56 m
  • Podcast

153: Stabilizing and Refinancing Multifamily Real Estate with Zachary Gray

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  • When COVID-19 hit, Zachary Gray’s career as a personal trainer tanked. That’s when he realized he needed a career that was less vulnerable to those kinds of economic factors. On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes Zachary Gray to the show. Zachary is a multifamily real estate investor who started his business about three years ago. He quickly scaled his business through partnerships and strategic investing. His focus is on stabilizing and refinancing multifamily buildings. As their conversation begins, Jonathan and Zachary explore his early exposure to real estate, the impetus for starting his business, and how Zachary began educating himself about real estate. You’ll hear why meetups initially scared him, his first and second property purchases, and why Zachary prefers to add bedrooms over living space in nearly every building purchase. He shares why he looks for tenants with multiple adults in the home who have income streams, how building partnerships has been pivotal to scaling, and the need to use lines of credit and leverage strategically. Finally, Jonathan and Zachary uncover the formula Zachary uses for offers, why he advises building a contractor database, and the value of social media in helping build relationships and partnerships with other investors. Despite his short tenure in real estate investing, Zachary Gray quickly discovered a success formula that continues to pay dividends. In this episode, you will hear: Zachary Gray’s early exposure to real estateThe elements that were at play when he discovered Bigger Pockets and real estate investingThe podcast episodes Zachary focused on as he started educating himselfWhy meetups scared him when he first began attendingHis first property purchase and the second property, which turned out to be a gemZachary’s preference to add bedrooms over living space in nearly every building he buysLooking for tenants with multiple streams of income in the unit instead of just one incomeBuilding partnerships once your capital is dwindling to continue investing and realizing that investing is a team sportStrategically implementing lines of credit and leverageOptimizing each property before moving on to the next oneThe formula Zachary uses for what he’s willing to offer for a propertyBeing prepared to make an offer once you walk a propertyBuilding a contractor database and creating relationships before you even get startedUsing social media to your advantage to build relationships and partnerships with other investors Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/153/ to download it. Supporting Resources: Connect with Zachary Gray on Instagram - www.instagram.com/the1099mindset Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - https://www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
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