S2EP5: Retire Anytime with Multifamily Real Estate—featuring Chris Salazar
I love my work as an oral and maxillofacial surgeon and have no plans to retire anytime soon.
But there’s something freeing about having the option to go into work on Monday—or not. And that’s why I’m an advocate for building wealth with cashflowing real estate.
So, what does it look like to invest in a multifamily deal? How do experienced operators like my friend Chris Salazar add value to a property and earn significant returns for investors?
Chris is Founder and CEO of Archstone Capital Partners, and he’s back on Dentist Brain Candy to break down an investment we did together, a 52-unit multifamily property in Davenport, Iowa.
Chris explains how he found and negotiated the deal on The Row at 35th, describing why the community was a good fit for his value-add program and how renovating the units is attracting his target tenants.
Chris walks us through the projected returns for investors in The Row, discussing how his team will have created $1M in equity in the deal once it’s stabilized.
Listen in to understand the exit strategies Chris has in mind for The Row and learn how YOU can benefit from partnering with a full-time real estate investor like Chris!
How Chris found and negotiated the deal on The Row at 35th
The benefit of partnering with a full-time real estate investor like Chris
Why The Row was a good fit for Chris’ complete value-add program
How renovating the units at The Row is attracting tenants who respect the property and pay on time
The mix of townhomes and apartments at The Row and why there’s less turnover/vacancy at the community
The projected returns for a $100K investment in The Row
How Chris’ team will have created $1M in equity in the deal once it’s stabilized
The potential exit strategies Chris has in mind for The Row
How a 1031 Exchange allows investors defer taxes on capital gains
How having in-house construction and property management teams benefits Chris’ investors
Connect with Chris Salazar
Connect with Dr. Bryan McLelland
Call (509) 922-2273