
Juan is a multifamily real estate investor and syndicator,
With his first few deals he did single family homes and financed it the traditional way through a bank. When one of his tenants moved out and he struggled to fill the space he realised that with a single family if it’s empty then you’re at 100% vacancy but it this was a 10 unit multi family then he would only be at 10% vacancy. He learned more about the economy of scale by reading books and blogs and got started with multifamily in 2016.
It was hard to get credibility with brokers initially, they liked what he’d done with single family but they didn’t want to let him into the multifamily club. So he reached out to owners directly by finding them through a tax assessors list site and filtering for owners who had owned for 3 years or over. He sent them hand written letters and got a few hits straight away.
Top tips
- Most important habit – staying on top of whats happening in the markets
- Most influential person – wife
- Most important tool – google drive and asana
- Contact – juan@genwealthcapital.com