Episodes
#175: The Power of a Team to Build a Multifamily Real Estate Empire with Mike O’Connor and Matt Wood
Published May 19, 2016
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65 min
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    Building a real estate portfolio can be challenging — but taking others along for the ride can help everyone achieve incredible results. That’s the topic on today’s episode of the BiggerPockets Podcast,where we sit down with Mike O’Connor and Matt Wood, two young investors from the Atlanta area who have built a sizable portfolio (150+ units) in a very short time thanks to the power of a team. You’ll learn why they jumped straight from a single house to an apartment complex and the mindset and strategies needed to pull it off successfully. This highly entertaining show will have you taking notes — and laughing — ’til the very end! In This Episode We Cover:The backstory of Mike and Matt’s investing careerThe cool story on how they started working togetherThe value of analyzing deals“Aunt Jemima” as their first propertyWhat Section 8 is and some of its benefitsTips for bringing more people on the teamWhy their first deal was importantHow they find the right people for their teamHow they scored a 32-unit as their second dealHow they went from 32 to 100 units through creative financingTips for having a job while investingWhatsApp and why they use itHow they differentiate roles in their companyThe importance of systemizing and automating to scale their businessThe Unique Wide Oak DealWhy you should build relationships with your local banksWhy confidence matters in this businessAnd SO much more!Links from the ShowBiggerPockets ForumsGoogle PlayTim Ferris’ PodcastBiggerPockets ContributeEvernoteWhatsAppDropboxThe 5 C’s of a Perfect Loan ProposalBiggerPockets Analysis ToolsBP Podcast 108: Building a $350 Million Real Estate Empire Using the 10X Rule with Grant CardoneBiggerPockets Forums8 Tips For Screening Out Professional Tenants: Your Worst Nightmare! (blog)The Professional Tenant – Just How Painful Can Evicting One Tenant Be? (blog)BiggerPockets Local ConnectBooks Mentioned in this ShowThe Book on Investing with No or Low Money Down by Brandon TurnerThe 4-Hour Workweek by Timothy FerrissTweetable Topics:“We want to be good landlords, we truly enjoy providing good living conditions to our tenants.” (Tweet This!)“To know that there is something that we can control that is providing us income is huge.” (Tweet This!)“I’d rather have a small percent of a deal than zero percent of the deal.” (Tweet This!)“You have to be ready to pivot based on the deal because not every deal fits in the same box.” (Tweet This!)Connect with Mike and MattMike’s BiggerPockets ProfileMatt’s BiggerPockets ProfileAzeez’ BiggerPocketes ProfileKiran’s BiggerPockets ProfileCambridge Investment Group
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