66. How to Invest in Apartment Buildings with Pili and Jason Yarusi

Summary

In this episode, Justin Williams talks to Jason and Pili Yarusi about their journey and experiences in the world of commercial real estate investing. The Yarusi's began working in the restaurant and bar industry, moved to house moving and flipping, before venturing into large-scale multifamily investing back in 2016 and have since acquired a significant real estate portfolio. They discuss how to make the transition from single-family homes to apartment buildings and share insights into establishing broker relationships, understanding the difference between active and passive investing, and the importance of mentoring. They also delve into the importance of understanding the dynamics of taking calculated risks, seeking a business-savvy network, and the tax advantages investment properties offer. Furthermore, they delve into the different opportunities available for both accredited and non-accredited investors. To have a successful and thriving real estate business, The Yarusi's emphasize the significance of constantly learning, taking action, building relationships and educating oneself.

Links

https://www.yarusiholdings.com/

https://www.costar.com/

https://cre.moodysanalytics.com/

https://www.yardi.com/products/matrix/

Time Stamp

00:00 Introduction and Background

00:42 Guest Introduction: Jason and Pili Yaroussi

01:47 Journey into Apartment Investing

02:06 Transition from Restaurant Business to Real Estate

04:00 Challenges of Running a Construction Business

04:25 Transition into Real Estate and House Flipping

05:17 Scaling the House Flipping Business

05:58 Venturing into Large Multifamily Investing

08:48 The Power of Networking and Mastermind Groups

14:47 The Benefits of Commercial Investing

17:52 The Process of Finding and Acquiring Properties

19:24 Establishing Contact with Property Owners

19:35 Broker Relationships and Direct Marketing

20:36 The Role of Brokers in Property Acquisition

20:56 Finding Opportunities through Various Channels

22:08 Understanding the Market and Building Broker Relationships

24:12 The Importance of Real Estate Resumes and Mentors

25:05 The Role of Sponsors in Property Acquisition

25:44 Sourcing Deals and Becoming an Acquisition Specialist

26:06 Active vs Passive Partners in Property Investment

26:14 Understanding the Role of Limited and Active Partners

28:45 The Potential of Passive Investing

32:12 Understanding the Concept of Accredited Investors

34:06 The Importance of Building Relationships with Investors

35:42 The Journey to Success in Business and Investing

36:58 The Importance of Planting Your Financial Tree

38:59 Closing Remarks and Future Plans

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