Juan Vargas is an accredited multifamily investor based out of Houston, TX. He has been involved in all aspects of real estate investing within multifamily since 2016. He has transacted on 1,600+ units valued at over $125M throughout Austin, Dallas, Houston, and Phoenix and he is a JV partner on an additional 500 units throughout Texas and Georgia. In addition, he is a limited partner on over 1,000 units.
Juan heads operations and asset management at Genwealth Capital Group. He is also heavily involved in acquisitions through broker relationships and strategic partnerships.
[00:01 – 05:17] Opening Segment
- We welcome, Juan Vargas!
- Juan how started to learn how to do deals and grew from there
- He says that direct mail is a great way to find deals
[05:18 – 19:21] Direct Mail Is Still A Great Way To Find Deals
- Large institutional players are looking for larger deals
- Saving a broker fee is one reason to work with a direct mail or phone call broker
- Smaller deals are still profitable if done correctly and with the right partners
- The market for larger deals is growing, but owners should be aware that their percentage may be smaller on these deals
- Local multifamily markets have an advantage because of population growth, job growth, and rent growth
[19:22 – 25:52] THE FINAL FOUR
- What's the worst job that you ever had?
- Working at Subway
- What's a book you've read that has given you a paradigm shift?
- “The Slight Edge” by Jeff Olson
- What is a skill or talent that you would like to learn?
- Learn how to play golf
- What does success mean to you?
- Juan Vargas says, “Success to me means, having the freedom and the time and ability to have flexibility in life in general.”
Connect with Juan Vargas:
LinkedIn: Juan Vargas
Twitter: Juan Vargas
Facebook: Juan Vargas
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Tweetable Quotes:
“A lot of the sellers are starting to realize that, the pricing I could have gotten in 2021 is not a reality anymore.” – Juan Vargas
“You want to make sure that you're checking the boxes on any particular deal, but also if you can, and it checks the boxes for you, then don't be afraid to jump in.” – Juan Vargas
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