Checking the numbers and doing due diligence will save you in the long run, most of the time. John Azar delves into his journey into multifamily. He talks about his setback during 2008 and his incremental growth to owning over 6000-8000 units. John talks about the doomsday scenario, stress testing, and planning for foreseeable roadblocks. John Azar is the Executive Vice President of MACC Venture Partners.
KEYPOINTS
- No shortcut to growth, growth happens in increments
- Talking with peers in the industry
- Working with investors when starting out in a multifamily investing
SEGMENT TIMESTAMPS
- 01:50 – Off the script: going from deal 1 to 6000 – Getting into multifamily
- 04:20 – Building from the ground up
- 07:25 – The missteps along the way
- 10:00 – Which scenario is the best scenario?
- 17:25 – Under promising and overdelivering
If we always look at the best-case scenarios, we will never account for worse case scenarios. – John Azar
LINKS
John Azar
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