8. You Don't Need to Invest in Your Own Backyard with Yuri Gomez

11/27/22 • 31 min

Today’s guest is Yuri Gomez — a seasoned investor who offers wisdom to new apartment investors. Yuri explains how he’s bringing massive value to South America investors, the benefits of scaling up in U.S. multifamily apartments, overcoming fears as an apartment investor, and why anyone can succeed in real estate with the right knowledge and effort.

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One of the benefits of apartment investing is that you can invest anywhere when you have property managers who are handling the day-to-day operations. They are local people who know the market and represent the investors.
Yuri specializes in helping his Hispanic audience invest in large multifamily apartments in the United States.
Through education, Yuri strives to eliminate the fear of apartment investing. Understanding the strategy and process is what encourages investors to take action and invest.
Questions to ask about an apartment investment include “What is the break even point?”, “Is it a market with high appreciation?” and “Is there a high population growth in the area?”
When vetting someone to invest with, find out how many deals they have done, have they gone “full cycle” with an investment and if they have invested their own money into the deal.
There are great benefits to investing with someone who belongs to an apartment investing group. Yuri and Matt both belong to “Think Multifamily” which is a group of people who are extremely experienced in multifamily apartment investing. The group provides all the resources to ensure successful investments.

QUOTES
“Define what are the most important next steps and start doing them you know right away."
“One thing I have learned is diversification. Diversify, diversify, diversify. If you have three deals in the same city I recommend your next deal should be in a different city.”
ABOUT YURI GOMEZ
Yuri Gomez is a Real Estate investor, actively involved in small and large multifamily apartments. Yuri is passionate about teaching his experience to others while always learning how to become a better Real Estate investor.
CONNECT WITH YURI
Website: golandscapital.com
@yurialexinvestor on Instagram, YouTube, Facebook and TikTok

CONNECT WITH US
Learn more about passively investing in apartment buildings:
Website: hansenholdings.com
Free Webinar Training: hansenholdings.com/webinar
Schedule Call with Matt: Schedule Intro Call
Facebook, LinkedIn, Instagram

LISTEN FOR THIS

One of the benefits of apartment investing is that you can invest anywhere when you have property managers who are handling the day-to-day operations. They are local people who know the market and represent the investors.
Yuri specializes in helping his Hispanic audience invest in large multifamily apartments in the United States.
Through education, Yuri strives to eliminate the fear of apartment investing. Understanding the strategy and process is what encourages investors to take action and invest.
Questions to ask about an apartment investment include “What is the break even point?”, “Is it a market with high appreciation?” and “Is there a high population growth in the area?”
When vetting someone to invest with, find out how many deals they have done, have they gone “full cycle” with an investment and if they have invested their own money into the deal.
There are great benefits to investing with someone who belongs to an apartment investing group. Yuri and Matt both belong to “Think Multifamily” which is a group of people who are extremely experienced in multifamily apartment investing. The group provides all the resources to ensure successful investments.

Previous Episode

7. The Critical Three P’s in Real Estate Investing with Kunal Dewan

So, how does one become a savvy investor in real estate? In this show, Kunal Dewan shares his real estate investing journey and offers helpful tips for those looking to do the same. He shares how he evaluates and mitigates potential risks.

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As an active and passive investor in real estate, Kunal recommends looking for investment opportunities that create cash flow. If you have a cash flowing asset, like apartment buildings, you're not bound by a time frame to exit. He believes it’s the best way to preserve capital and minimize risk.
When reviewing an investment opportunity, something to consider is the “margin of safety.” This is the gap between what you think can go wrong and what actually happens. Look for the reasons why the deal won’t work and assess the risk of those reasons.
Consider the three P’s in apartment syndications — the people, the property and the plan. Who's the team and their background? Do market research on the property. And know the plan — how is the value being created throughout the investment period.

QUOTES
“I truly believe real estate is the way to actually achieve what you want in your life.”

“Those who focus on returns get the risks and those who focus on risks get their returns.”
ABOUT KUNAL DEWAN
Engineer by education. Entrepreneur by choice. Real Estate Investor by passion.
CONNECT WITH KUNAL
Website: libertycre.com
Kanul Dewan on Facebook & LinkedIn
Get your free Due Diligence Checklist: Click Here https://libertycre.com/due-diligence-checklist/

Next Episode

9. Know Thyself Before Investing…Tips from Pros with Rachel & Dylan Grunn

What type of real estate should you NOT invest in? Get the answer to this question and more as Matt chats with Rachel and Dylan Grunn — experienced active and passive investors in multifamily apartment syndications. They’ll also share why you need to be clear on your investing criteria and goals.

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There is not a lot of advertising that goes on in the space of multifamily investing so a lot of people find out about it through word of mouth.
Rachel made her first passive investment in 2015. When she started to see the returns and the cash flow, she was hooked.
Dylan had a good understanding of stocks, mutual funds and 401ks but didn't really understand there was another path to take that was a lot more lucrative — apartment investing.
Key things to look for when evaluating an apartment investment will not always be the same depending on the investor’s phase of life. However, communication, transparency and market research are key elements to look for in any apartment investment.
A big difference between apartment investing and Real Estate Investment Trusts (REITs) is REITs’ lack of transparency and communication. In a typical apartment investment, your sponsor will answer your questions as soon as possible and be transparent with financials. Also, unlike REITs, with an apartment investment you actually own the real estate and have a lot more control over which properties you’d like to invest in.

QUOTES
“I understand it's a lot of money that you're investing and we've been there before. It's scary at first, but after the first cycle of a deal you're suddenly addicted and there's no rehab out there for you.” :)

“I ask investors what their biggest regret is and it's always that they didn't start earlier. The perfect time to invest was 10 years ago. The second best time is right now and I think to get better returns you really just gotta commit.”

ABOUT RACHEL & DYLAN
Rachel and Dylan Grunn are the co-founders of Third Coast Capital, which is an innovative investment company offering passive investors the opportunity to become co-owners of large multifamily apartment buildings. From Airbnbs, to mobile home parks, to development, and commercial real estate funds, Dylan and Rachel have done it all — but multifamily remains their favorite asset in their portfolio!
CONNECT WITH RACHEL & DYLAN
Website: thirdcoast-capital.com
Podcast: GoodGood Investing

Better Returns: Invest Like a Pro - 8. You Don't Need to Invest in Your Own Backyard with Yuri Gomez

Transcript

Well I'd like to welcome to the show my good friend Yuri Gomez Yuri welcome to the show hello Matt how you doing good good well I'm getting to share a little bit about your background and then we're going to get more deep into that but you're a Savvy real estate investor already you invest in large and small multi-families I know you do a little Airbnb stuff pretty well Diversified in that you're really passionate about helping others learn about investing in apartments specifically and you do