Episode from the podcastMillennial Millionaire Real Estate Podcast

#120 with Sterling Anderson: How to Scale from Wholesaling Single Family Properties to Syndicating Hundred Unit Multifamily Properties

Released Thursday, 19th November 2020
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In this episode, Jonathan Farber interviews Sterling Anderson on his journey from wholesaling single family properties to syndicating multi-hundred-unit multifamily properties. Sterling is a syndicator and flipper based in Omaha, Nebraska. In this episode, we get into topics like: choosing between flipping and wholesaling, building a deal flow through marketing, getting started with multifamily, and more!

Top Takeaways:

Flipping vs. Wholesaling - 8:30 - 9:30

  • With the benefit of hindsight, wholesaling multifamily probably would have been a great start

  • Wholesaling is a good way to start making money, plus it gives you a ton of industry experience

  • Flipping provides very useful development experience, but can be one huge headache



Starting a marketing campaign for deal flow - 10:15 - 11:15

  • Tell everyone what you’re doing - social media is free and it can generate huge traffic

  • Driving for dollars doesn’t require any expensive apps - take your notepad and a pen

  • You can handwrite mailers to properties from skip tracing or the county assessor



Putting together a multifamily starter kit - 15:15 - 16:15

  • Relationships with brokers are a reliable way to find deals, so nurture those

  • Many of your same investors from when you were doing single family will want to scale with you

  • Even if those investors can’t fund the whole deal, they can vouch for you to new partners



How to bring value to Sterling Anderson:

  • Looking for equity investors for syndications



Resources:

fastpeoplesearch.com

propstream.com

Book by Michael Blank: Financial Freedom with Real Estate Investing

themichaelblank.com/syndicated-deal-analyzer…

Social Links:

biggerpockets.com/users/SimpleKeyHomes

sterlingcapitalomaha.com

linkedin.com/in/sterlingvision

@realestatesterling

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martelturnkey.com

Schedule a Call

info@martelturnkey.com

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LinkedIn: https://www.linkedin.com/in/jonathanfarber1/…

Instagram: @jonjfarb

Facebook: https://www.facebook.com/jonathan.farber.9

Facebook Group: Real Estate Mentorship Mastermind

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Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-…