40+ Years Of Real Estate Investing Knowledge With Arn Cenedella

Passive Real Estate Strategies

Are you interested in moving from a single-family home deal to a multi-family home deal? In this episode, Arn shares his journey from selling single family properties across the country to transitioning his portfolio into multi-family investments and managing a portfolio just shy of a hundred million dollars. He also dives into his experience self-managing his single family portfolio and why he decided to transition out of it. Arna also encourages passive investors to think long-term, adopt a dollar cost averaging approach and pay attention to the market they are investing in.

Listen and enjoy!

Key Highlights:

[00:00 - 07:07] Four Decades of Real Estate Experience: Arn Shares His Journey from Single Family to Multi-Family Investing

• Arn has over four decades of experience in the real estate industry

• He transitioned his single family portfolio into multi-family properties and currently manages a portfolio just shy of a hundred million dollars

• He started buying single family homes in the Bay Area in the late 70s/early 80s

• He was able to self manage most of his properties, but hired third party management for those across the country

[07:08 - 14:11] Investing in Multi-Family Properties: Tips for Vetting Operators and Maximizing Returns

• Return on equity is an opportunity cost to not sell a property

• Invested in 800-1000 units in the southeast, mountain west, and other regions

• Pick a sponsor with a track record in the type of property they're trying to fund

• Rely on life experience and intuition when vetting operators

• Don't go all in with one operator on first deal

[14:12 - 20:45] Navigating Real Estate Investing: A Long-Term Perspective for Successful Returns

• Different classes of apartments, business plans, and tenants require different operators

• Real estate cycles typically follow a 5-6 year upswing, slight downturn, and 1-2 years of flat

• Don't focus on timing the market, but rather time in the market

• Long-term investors don't need to worry about downturns as they can still rent properties out and cash flow
[20:45 - 26:42] Unlocking the Secrets of Passive Real Estate Investing with Spark Investment Group

• Preserving capital for own deals is best way to compete in this space

• Buyers with cash and ability to move quickly will be in a better position to win deals

• Dollar cost averaging is a good model to follow for real estate investments

• Investing $50,000 a year over 10 years can create significant wealth and cash flow

• Invest in strong markets with population growth and multiple sectors of employment

Key Quotes:

"So have a long-term focus and don't be too distracted by the little momentary up and down and turbulence." - Arn Cenedella

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