In this Podcast, Mr. Prashant Kumar CCIM, on behalf of My Realty Gains, invites Edward Modzel to guide us through- “Step by Step Buy First Apartment Complex and Syndication”

Edward and his wife, Pilar, started investing in real estate in 1981. They have rehabbed and managed all of our properties except for the four multifamilies currently owned. They sold off all the smaller properties to focus on larger multifamilies. They have an equity position in 834 units across 5 properties. Their acquisition strategy is to acquire class B/C multifamily apartment complexes in emerging markets that include a value-add component. They focus on population and job growth markets where they can reposition the asset through physical and operational improvements. They intend to use a reputable third party property management on new acquisitions. Mr. Modzel is a retired Chief Engineer for an Emmy Award-winning TV Show and was part of the US Navy from 1973 to 1979.

(00:00 – 03:52) Opening Segment- Introduction

(03:52 – 21:53) Steps to buy first apartment

(21:53 – 49:40) Syndication Steps

(49:43 – 54:13) Conclusion