The Most Underrated Metric in Multifamily (Not Cap Rate/Cash Flow) w/Joe Root

One key metric could tell you immediately whether a multifamily real estate investment is worth buying—but most people ignore it. It's not cash flow, it's not cap rate, and it's probably something you've overlooked dozens of times. Joe Root helped grow his family's multifamily portfolio and manages over 100 properties using this metric.

Joe left the glitz of a corporate Wall Street career when he realized his family's apartment portfolio was better than the big city life. Multifamily management quickly became his new obsession. During the Great Financial Crisis of 2008, Joe stepped in to manage (and buy) foreclosed properties that were barely staying afloat. 

Through 20 years of multifamily experience, he's pinpointed the most overlooked markets in the country, how to dodge rent control and get your own city government to actively fight against it, and the #1 mistake you can make when screening tenants. He's sharing it all, plus his key multifamily metric, in this episode. 

Insights from today's episode:

The one screening metric Joe uses to determine if a multifamily investment is worth it
What to do when one of your tenants turns your building into a rave venue 
An underrated area of the country that multifamily investors shouldn't ignore 
A sign that you're managing your portfolio inefficiently (and it could cost you)
Why Joe's team is moving into new development for even greater returns 

 

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Connect with Joe on LinkedIn

 

East Superior Real Estate Partners

 

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