Zero to over 90 units while still working a W2 with Steven Nguyen ep127 Apartments Operators Podcast

Joseph Gozlan hosts Steven Nguyen on the Apartments Operators Podcast Episode 127 to discuss how Steven grew his portfolio to over 90 units on his own with no partners and while still having a busy W2 job!
Steven shares his insights and honestly admits some of the regrets he has from the journey.Show more

Episode 127: Zero to over 90 units while still working a W2 with Steven Nguyen

00:00
01:42 House Hacking: I lived in the master bedroom and I had to rent out the other
04:21 There is good debt, bad debt, and really bad debt.
05:04 There's a famous video of Warren Buffett
06:53 the value of apartments is based on the net operating income
10:08 Oklahoma City? It's not a sexy market.
11:02 choose a market first and then try to scramble to find a property manager.
11:49 when you interview 20 property managers, it does one or two things.
17:11 my job is to remove those barriers as fast as possible
17:47 don't worry about committing for too long
22:18 simplicity scales, fancy fails.
24:31 shiny object syndrome
26:15 there's always somebody that represents you
30:42 It was always by the unit.
31:32 That's why I said it's better to be great at one asset class versus be okay at two or three.
32:29 make sure that your property managers give you at least three bids for every project
36:44 get started in real estate earlier
37:36 focus on the process, not the outcome
38:40 writing large checks every month has a psychological burden
39:16 happy medium in the middle where that's a sweet spot

Steven Nguyen's website: https://linktr.ee/makingmultifamilymoney
Episode 127 Show Notes: https://aptopr.com/episode-127-zero-to-over-90-units-while-still-working-a-w2-with-steven-nguyen-the-apartments-operators-podcast/

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This is an episode of The Apartments Operators Podcast where you can learn from experienced operators what it really means to be apartments operators.
No fluff, no sugar coating, just the raw unfiltered truth of the ups and down of operating multifamily communities.
Our host, Joseph Gozlan, is an experienced owner/operator and a multifamily broker living in Texas. We gathered a phenomenal group of operators for you that share not only the upside of a multifamily operator but also the downside, the challenges and the surprises this business keeps coming up with.
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