Episode 147 - NEVER TOO LATE to buy apartments. A real estate broker becomes an apartment owner.
Rick Stilovich has been a commercial real estate broker for over 30 years. He represented OTHERS in purchasing and selling all types of commercial real estate. He made many of his clients very rich in real estate ownership. After retiring from real estate sales a few years ago, it was NOW time to focus on his own financial goals. Rick wanted to buy apartments for himself and his family. He wanted to buy a much larger apartment building than what his personal balance sheet dictated. He found that syndicating a transaction (raising equity with others) gave him the ability to buy a 64 unit building in Denton, Texas. Rick discusses the journey to get him into the position to buy a building. To contact Rick: NOISEVentures@gmail.com To receive our FREE 15 page WHITE PAPER REPORT on the 2018 FUNDAMENTALS OF MULTIFAMILY FINANCING 101 and to learn more about upcoming events at Old Capital Speaker Series please visit us at OldCapitalPodcast.com Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn about Michael's Real Estate Syndication business with SPI Advisory LLC.