Sam Talks with one of the Top Multi-Family Brokers in the Country...
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The video features a guest, Ben Margowski, who works with a brokerage called Marcus and Millichap, which specializes in commercial real estate, with a focus on multi-housing assets. The host and Ben discuss real estate investing, specifically multi-family, and the importance of building relationships in the market. Ben spends a lot of time and effort building relationships with owners in the market and learning who is buying, holding, or exploring the option of selling. He makes cold calls to apartment owners to understand where they are in the process with their asset and whether they are ready to sell. The guest explains that multi-family properties are valued based on the income they produce, which is calculated by subtracting expenses from total income. The capitalization rate (cap rate) is a value that is found by dividing the net operating income by the sale price. The guest emphasizes the importance of due diligence, understanding the market, and having an exit strategy. The video also discusses the 1031 tax exchange and its current form, the tax reform law that increases the capital gains tax, and advice for someone wanting to get into multi-family investing. The speakers emphasize the importance of not getting too caught up on something that may change in the future and having a diversified portfolio.
The video features a guest, Ben Margowski, who works with a brokerage called Marcus and Millichap, w