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EP46: Converting a Partially Finished Mixed-Use Building to Multifamily Apartments with Larry Kolster
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Larry Kolster joins us in today’s episode to discuss the importance of open-mindedness and adaptability in real estate investing. He’ll also emphasize the significance of exercising caution and skillfully executing strategies when shifting gears in the real estate business to achieve success. Tune in to learn how a property can be a profitable venture!
Key takeaways to listen for
- Differences between a joint venture and syndication
- Challenges in converting a mixed-use property to multifamily
- Importance of understanding real estate deal flow
- How long does it usually take to break even after buying a property?
- Best practices to rapidly grow in the real estate space
Resources mentioned in this episode
- RE Mentor Mentorship Community
- Never Eat Alone, Expanded and Updated by Keith Ferrazzi and Tahl Raz | Kindle and Hardcover
- Relationship Marketing by Regis Mckenna | Paperback and Hardcover
- ReIndicator
- Never Split the Difference by Chris Voss and Tahl Raz | Kindle, Paperback, and Hardcover
- Secrets of the Millionaire Mind by T. Harv Eker | Kindle, Paperback, and Hardcover
About Larry Kolster
Larry is working in commercial real estate, focusing on apartment complexes. He participates in acquiring class C apartment buildings (built in the 1970s and 1980s) with a value add opportunity. They purchase underperforming units at a substantial discount and provide superior property management and updates to maximize value. Then, they resell the properties after 3-7 years of hold. He and his team allow passive investors to partner with them by creating syndications enabling tremendous returns for those who invest with them.
Connect with Larry
- Website: QMJ Properties
- LinkedIn: Larry Kolster
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