#365 FBF: Learn Multi-Family investing from the guy who literally wrote the book on it - with Steve Berges

Today's Flash Back Friday Episode is from Episode #77 that originally aired in July of 2015.

This week we're going to speak with Multi-Family industry expert, Steve Berges. If you've read any books on the topic of Multi-Family investing then you're probably familiar with Steve and his teachings.

Steve has been in this industry for quite some time and has completed more than $250 million in transactions from subdivision developments, to residential construction, single-family rentals, and of course, his favorite - multifamily apartment buildings!

Here are a few things you'll learn in our interview with Steve today:

• How he got his start in the business prior to becoming an owner/operator
• The management advantages of owning multi-family properties versus single-family homes
• Why he feels that self-managing his first few multi-family properties was such a valuable learning experience.
• How he's converting unused garage space into rentable units on an apartment property he's currently acquiring.
• Why he doesn't prefer to do 1031 exchanges upon the exit of a property
• What excites him about the Houston market
• Why he prefers not to put his own money into the syndications he structures
• Why building quality relationships with brokers is a long term game plan that you need to continually invest your time into building upon
• Why he suggests that all new multi-family investors join a local investment club or apartment association
• Why Steve suggests that new investors should seek out a more experienced investor to team up or partner with who specializes in the particular asset type they wish to own
• The various reports and industry resources that he uses in his own business and how you can get most of them for free.
• And much more

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