JF2607: From the Music Industry to Multifamily with Rich Frierson

<p><span style="font-weight: 400;">With a background in music producing, Rich Frierson decided to go into real estate when he saw the profits he was capable of earning. Now, he’s the go-to for many others in the music industry. Rich is discussing how he balances his relationships with lenders and owners alike, how he is able to buy these properties on short sales, and his expectations for what the multifamily market might bring in 2022. </span></p> <p> </p> <p><strong>Richard Frierson</strong> <strong>Real Estate Background:</strong></p> <ul> <li><span style="font-weight: 400;">Full time career as a music publisher</span></li> <li><span style="font-weight: 400;">Currently focused on multifamily units in the Bronx and Mt. Vernon areas of New York</span></li> <li><span style="font-weight: 400;">Current properties acquired through short sales and negotiated for 65% of ARV</span></li> <li><span style="font-weight: 400;">Developed a screening process to deliver consistently good tenants</span></li> <li><span style="font-weight: 400;">Based in Washington, DC</span></li> <li><strong><span style="font-weight: 400;">Say hi to him at:</span> <a href= "https://nam10.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.10flipcommandments.com%2F&data=04%7C01%7CLadi%40joefairless.com%7C0daa0a61381f43b0314608d9925b7d72%7Ceb07e501da1c41a4a3828b364bdf2bdc%7C0%7C0%7C637701743950591345%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=bjJddHlOmv3PXVwTjz30m5QQ5IRzwemLFRmIu6k6gAE%3D&reserved=0"> <span style= "font-weight: 400;">https://www.10flipcommandments.com</span></a></strong></li> <li> <p><span style="font-weight: 400;">Best Ever Book:</span> <a href= "https://www.amazon.com/gp/product/0857088254/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=0857088254&linkCode=as2&tag=joefair-20&linkId=1fb02488f5ba0a654f6f3ad8e856ea05"> <em><span style= "font-weight: 400;">Oversubscribed</span></em></a></p> </li> </ul> <p><strong>Click here to know more about our sponsors:</s