Episodes
#60: From 0 to 68 Rental Units in Just Four Years with Serge Shukhat
Published March 6, 2014
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105 min
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    Today we are pumped to bring you one of the most exciting conversations yet on the BiggerPockets Podcast when we sit down with Serge Shukhat, a real estate investor from the Arizona area who is absolutely crushing it in real estate. Serge started with no rental properties just four years ago but has quickly built up a sizable portfolio with a mix of both single family and multifamily properties using creative finance methods and using the cash flow to quit his job. On this show we cover everything from getting started, choosing single family versus multifamily, tricks for dealing with tenants, increasing the value of your properties, and a ton more. This is definitely a show you’ll want to take some notes, so get ready to have your mind blown! In This Show, We Cover:How Serge got started while working full timeHow an Umbrella Policy can reduce your riskLandlord responsibilities vs. tenant responsibilitiesWhat kind of legal entity Serge usesOvercoming bad deals by “Doubling Down”How a competitive advantage can transform your businessWorking with real estate agents vs. getting your licenseSerge’s unique apartment that he’s bought and sold 4 timesHiring a resident manager to help reduce the loadHow to increase the value of your property by hundreds of thousands of dollars (OMG)And a lot more! Links from the ShowBP Podcast 048: Duplex Investing, Finding Great Properties, and Tips for Managing Tenants with Darren SagerNewbies Take Note: Why You Shouldn’t Buy Houses for $30,000 by Ben LeybovichHomePath.com/Buildium.comBooks Mentioned in the ShowLandlording on Auto-Pilot by Mike ButlerThe Real Book of Real Estate by Robert T. KiyosakiGood to Great by Jim CollinsThe 7 Habits of Highly Effective People by Stephen CoveyTweetable Topics“Real estate never works out how you thought it would when you bought it in paper.” (Tweet This!)“I don’t want to work till I’m 65, sick, or corporate downsized.” (Tweet This!)“My biggest risk was not losing my job- it was not buying enough real estate.” (Tweet This!)“You can go broke buying good deals.” (Tweet This!)“Population, income, and jobs drive real estate.” (Tweet This!)“It doesn’t matter if the first deal is bad… at least you learned.” (Tweet This!)Take what the market gives you and be quick to pivot. (Tweet This!)Connect with PaulSerge’s BiggerPockets Profile
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