Episode 48: Lt Col Retires into Multifamily Investing with Rey Reyes

<p>This week we put the spotlight on Rey Reyes, who unlocks a treasure of information for us in this special episode. The story of how he transitioned from single family to multifamily investing will inspire you.</p> <p><strong>In this episode, we explore:</strong></p> <ul> <li>So you’ve bought a new property, now what?<br> </li> <li>Implementing an FHA loan (3%)<br> </li> <li>How to transition from single family to multifamily based on scalability<br> </li> <li>Acquiring connections at events in addition to taking in new information<br> </li> <li>Where to find good properties<br> </li> <li>The difference between sophisticated investors and accredited investors<br> </li> <li>Why we should stress test our properties to at least 70%<br> </li> <li>What it takes to be competitive during the Pandemic<br> </li> </ul> <p><strong>About Rey Reyes:</strong></p> <p>Rey has&nbsp;been actively investing in residential real estate since 2005, focusing on multifamily since 2016.&nbsp; He's led MI Real Estate in investing in several properties totaling 382 units and valued at over $24 million.</p> <p>Rey also provides independent consulting to multifamily investors and is the author of a #1 Amazon Real Estate New Release titled BLUF: The Bottom Line Up Front about Passively Investing in Multi-family Properties.</p> <p>Rey retired as a Lieutenant Colonel in the US Army, with over 28 years of service.&nbsp; He culminated his career as a Foreign Area Officer, where he provided politico-military advice on Latin American Affairs&nbsp;to Department of Defense Senior Leadership and other U.S interagency partners.&nbsp;Rey received an MBA from Columbia Southern University, is fluent in Spanish, and speaks some Portuguese.</p> <p><strong>Snapshot:&nbsp;</strong></p> <p>&nbsp;1. What is your number one failure in real estate?<br> </p> <p>The biggest failure was waiting too long to get into the multifamily space and thinking that I had to invest where I lived. Once I got out of that mindset, it was a lot better.</p> <p>&nbsp;