You may remember Lane from a previous podcast. He started his real estate investing career in 2009 cash flowing single-family home rentals while maintaining his day job as a Project Engineer and Licensed Professional Civil/Industrial Engineer.
Still working his day job, he’s back to talk about his move to the multifamily realm.
Because of the differences between single-family homes and multifamily, Lane admits there was a bit of a learning curve in the beginning but has built up his portfolio to about 434 units, in 3-4 deals! His strategy is to go after B and C class properties, add value to them, then increasing rent which in turn increases revenue.
as we dive deep into the details of multifamily investing and why he made the move. Plus, we go over the numbers and delve into:
- Differences between non-recourse and recourse loans
- Differences between classes and why he chooses B & C class
- Advice on getting started
- What he doesn’t see changing in real estate investing
Also, find out why Lane thinks that multifamily is an unfair game and so much more!