Episode #964
One investment property could change your life, especially if you buy the right one. Logan Koch, an investor in Pittsburgh, Pennsylvania, was buying investment properties for one specific goal: To retire his parents. With a $45,000/year cash flow target in mind, Logan and his parents went to work, finding small multifamily rental properties to buy, fix, and increase rents on. But one day, Logan stumbled across a commercial real estate deal that nobody wanted, one with huge signs of opportunity.
In today’s show, Logan lays down step-by-step exactly what he did to find this unwanted and unnoticed commercial real estate investment, how he was able to DOUBLE the cash flow on it, the massive return on investment he’s walking away with, and even how he got the city to lower his property taxes by two-thirds! The best part? None of what Logan did requires expert-level investing knowledge. Anyone, even a complete real estate investing beginner, can follow Logan’s same thought process to find and buy undervalued real estate deals.
Do you want to start building some retirement (or early retirement) cash flow for yourself or your parents? These are the exact types of deals you should be on the lookout for! Stick around as we discuss Logan’s almost unbelievable return on this cheap investment property everyone else was overlooking!
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The Beginners Guide to Investing in Commercial Real Estate:
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The Beginner’s Guide to Finding Undervalued, Off-Market Deals in ANY Market:
https://www.biggerpockets.com/blog/real-estate-781?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Logan:
https://www.biggerpockets.com/users/logank42?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/
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Connect with Henry:
BiggerPockets: https://www.biggerpockets.com/users/henryw22?utm_source=youtube&utm_medium=description&utm_campaign=none
Henry: @thehenrywashington or https://www.instagram.com/thehenrywashington/
Show notes at: https://link.chtbl.com/BPRE
00:00 Intro
01:58 Investing to Retire His Parents
05:50 Small Multifamily, Big Cash Flow
11:42 Finding the Opportunity
19:01 Cutting Property Taxes by 66%
22:22 A 75% Return!?
29:19 The Rental Retirement Plan
