John Warren owns 154 apartments in the Chicago MSA, and he also manages a total of 189 units. John is the managing broker at Forte Properties, Inc, and he runs a team of four agents that focuses on helping investors buy, sell, and manage their residential investment properties.
We talked to John about the competition in the 12+ units space, deep value-add properties, keys to scaling your portfolio, and much more!
Announcement: Click here to join me and other top real estate investors for the Midwest Real Estate Networking Summit!
[00:01] Opening Segment
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John talks about his background;
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Being an agent and investor at the same time;
[04:45] Buying Criteria and Deep Value-add Properties
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What investing in 1 to 4 units looks like today;
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Competition in return criteria in the 12+ units space;
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John’s buying criteria;
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Deep value-add properties VS. Light to medium value-add properties.
[11:18] Scaling a Portfolio
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Understanding the risks before getting into deep value-add properties;
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Find the right people to work with;
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Keys to scaling your portfolio;
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JV Partnerships and deal structures;
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Advice for new investors;
Announcement: Download Our Sample Deal and Join Our Mailing List
[24:24] Round of Insights
Apparent Failure: A flip he did in 2017.
Digital Resource: Appfolio
Most Recommended Book: How to Make it Big as a Real Estate Agent
Daily Habit: Doing a modified version of the miracle morning.
#1 Insight for Growing a Multifamily Portfolio: Always look out for other people.
Best Place to Grab a Bite in Chicago: Freddies
Contact John:
You can email John by clicking here.
Episode 75 with John Warren
Tweetable Quotes:
“Good deals are made, not purchased.” – John Warren
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