205: Snowballing from Single Family Houses to Apartment Complexes with Jered Sturm

<p>How does one transition from doing simple houses to more complex deals? That’s the topic on today’s episode of the&nbsp;<a href="https://www.biggerpockets.com/podcast" target="_blank">BiggerPockets Podcast</a>, where we sit down once again with&nbsp;<strong>Jered Sturm</strong>, a real estate investor from the Midwest who’s made the transition from doing all his own work on single family houses to purchasing larger properties. In this episode, we dig in deep on the purchase of&nbsp;<strong>his newest 42-unit apartment complex</strong>&nbsp;and the unique “value-add” ideas he discovered that made this property a home run!</p><p>In This Episode We Cover:</p><ul><li>A quick recap on how Jered&nbsp;<strong>got started</strong>&nbsp;in this game</li><li>What&nbsp;<strong>market</strong>&nbsp;is he in and how it changed over the last couple of years</li><li>Why he moved his investing from&nbsp;<strong>Cincinnati to Atlanta</strong></li><li>How he uses&nbsp;<strong>partnerships</strong>&nbsp;to manage different markets</li><li>Tips for funding using&nbsp;<strong>other people’s money</strong></li><li>The&nbsp;goal that led to using&nbsp;<strong>syndication</strong></li><li><strong>Self-fulfillment</strong>&nbsp;rather than just buying more</li><li>The importance of figuring&nbsp;out your “<strong>why</strong>“</li><li>How he has&nbsp;the discipline to not spend their&nbsp;<strong>quadrupled income</strong></li><li>Why you should separate out&nbsp;the “<strong>business income</strong>”</li><li>How he found his&nbsp;<strong>42-unit</strong>&nbsp;apartment complex</li><li>Tips on managing&nbsp;<strong>cold calling&nbsp;</strong></li><li>What&nbsp;<strong>criteria</strong>&nbsp;was he looking for</li><li>The advantages of having dedicated&nbsp;<strong>water lines</strong>&nbsp;for the&nbsp;units</li><li>The beauty of&nbsp;<strong>adding value</strong>&nbsp;to properties</li><li>What exactly a&nbsp;<strong>resident manager</strong>&nbsp;is</li><li>Why&nbsp;<strong>building structures</strong>&nbsp;made the differe