Successful investing in real estate takes knowledge, guts and a leap of faith. How much more is required to invest in long distance multifamily?
If you are my Australian guest Reed Goossens from down under, it starts by moving to New York City and you get to work.
Reed is professionally trained as an engineer, and has worked on several large real estate projects. It was during this work, that he recognized the developers and investors were making terrific money, and he wanted to make some too.
Reed started investing in duplexes in northern New York, but knew he wanted more when a friend taught him about syndication.
Confident he wanted more real estate, Reed got a mentor, and that’s when things really got interesting.
Reed quickly found a 250 unit apartment property and worked with his mentor to raise the capital needed to secure this and two additional properties for a total of 846 units in under two years.
Where did he find these opportunities?