Are you interested in real estate, particularly renting out your property? One of the most common ways when it comes to investing in real estate is to buy rental properties, apartment buildings, or complexes with multiple units also known as multi-family investing.

Viktor welcomes one of the experts in the field of multi-family investing: Stacy Conkey. Together, they talked about the different steps when starting in this field of real estate as well as how net operating income and cap rates affect it. Stacy also shared some success stories of her students who started with buying complexes and apartment buildings. She also reiterated the importance of putting a lot of work into what you do: Because real estate isn’t easy.

Highlights

• What interested and got Stacy into multi-family investing? - 1:22
• Why didn't she invest locally? - 3:28
• The first step when starting with multi-family investing:
• Knowing the difference. - 5:50
• What is net operating income? - 12:10
• Deciding factors if to sell the property or not. - 19:56
• The metrics to look at when thinking about investing in multi-family on a longer-term. - 21:25
• The cap rate. - 23:29
• Coaching people on how to get into multi-family investing. - 31:31
• Real estate isn’t easy, it’s definitely difficult. You have to put in the work. - 37:40
• The best way to connect with Stacy Conkey. - 40:00
  
  
  Episode Resources
• Connect with Viktor Jiracek
• https://www.linkedin.com/in/viktor-jiracek-b8549156/
• https://www.facebook.com/viktor.jiracek.5
• https://www.facebook.com/groups/sixfigureflippers/
• https://viktorjiracek.com/contact
• https://www.sellyourgainesvillehometoday.com/
• Connect with Stacy Conkey
• https://www.facebook.com/WarriorofWealth/
• https://www.linkedin.com/in/leadhershipcoaching
• https://www.youtube.com/channel/UCQ5RiBEzp8wWAAHxcXUkeAw
• https://www.facebook.com/groups/PassiveIncomeRealEstateInvesting/