REIA 55 Josh Sterling: Portfolio Growth and Property Management Innovation
Beginning with one single-family home in 2009 Josh Sterling has grown his portfolio to over 900 units today. He also founded Epic Property Management in 2012 and has used that experience to innovate and create a new standard in the property management industry.
Main Points:
· -After starting down the path of college, career, buy a personal residence as the "American Dream" I was forced to make a complete 180 and began investing in real estate in an effort to create something I could depend on.
· -I began purchasing single family homes in 2009 using creative finance (zero percent credit cards, unsecured lines of credit, etc.) and was able to build scale by discovering how to extract the equity from single family homes.
· -Using the equity I pulled out of single family properties I was able to move into larger multi-family properties and began to build a snowball effect of cashflow.
· -After gaining experience in larger multi-family properties I began syndicating deals in 2016 when my personal liquidity wasn't available instead of turning them down as I had done in the past.
· -Time, snowballing cashflow, recurring liquidity events and syndication have allowed me to grow my portfolio to over 900 units.
· -Building a portfolio to that size made it necessary to build a property management company and innovate in that industry in order to achieve the best return on investment for my portfolio.
Connect with Josh:
www.epicpropertymanagement.com
josh@epicpropertymanagement.com
josh@epicpm.com