238. Understanding the Multifamily Real Estate Industry with Taylor Avakian

Are you interested in Multifamily Real Estate? Let’s dive deep into the nitty-gritty of it! From regulatory challenges in LA to tenant-buyout strategies – this episode will be brimming with insider knowledge!

Join us on Average Joe Finances as our guest Taylor Avakian shares his experiences navigating the escalating changes in the market, demystifies some common myths about the California real estate market, and offers invaluable advice for investors.  

In this episode:

• Recognize the opportunities in LA's multifamily market, driven by renter demand, despite the state's strict regulations and high housing costs.
• Learn about the importance of becoming a "value add investor" and building relationships to navigate and thrive within the regulated market.
• View these challenges as opportunities for investors who comprehend the "art and science" of LA's investment market.
• Embrace optimism and creativity in the face of tightening regulations and shifting market trends in LA.
• And so much more!

Key Moments:

00:01:03 Taylor's Journey into Real Estate

00:02:39 Understanding the Multifamily Market in California

00:04:22 Overcoming Challenges in LA's Market

00:08:20 The Impact of COVID-19 on LA's Real Estate Market

00:15:15 Predicting Future Opportunities in LA's Market

00:18:42 Finding Hidden Gems in the Real Estate Market

00:21:13 Taylor's Superpower as a Real Estate Broker

00:24:49 The Unexpected Rise in Property Values

00:25:05 The Importance of Making Educated Projections

00:25:34 The Power of Building Relationships in Real Estate

00:26:17 Overcoming the Challenge of High Interest Rates

00:27:13 Strategies for Landlords in LA for Future Growth

00:27:56 The Art of Controlling the Controllables

00:29:30 The Stoic Approach to Life and Business

00:32:06 The Power of Knowledge and Skills

00:33:23 The Importance of Self-Awareness in Business

00:35:27 The Power of Organization in Business

00:44:14 The Value of Consistency and Discipline

Find Taylor Avakian on:

Website: https://www.matthews.com/

LinkedIn: https://www.linkedin.com/in/tayloravakian/

Instagram: https://www.instagram.com/taylor_avakian/?hl=en

Twitter: https://twitter.com/tayvay_?lang=en

Average Joe Finances®

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Show Notes add-on continued here: https://averagejoefinances.com/show-notes/

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