118: Condos, Multifamily, and Dealing with Management with Himanshu Jain

The links to third-party products and services on this page are affiliate links, meaning that BiggerPockets may earn a commission (at no additional cost to you) if you click through and make a purchase. When getting started, should you go BIG or go small? On this episode of the BiggerPockets Podcast, learn how Himanshu Jain got started investing in real estate by buying BOTH a condo and a 20-unit apartment complex. Discover the lessons Himanshu learned in the process, as well as the pros and cons of each. Additionally, the discussion on property management is going to blow you away — especially when you learn why Himanshu uses not one but THREE different property managers to look after his portfolio. Whether you want to diversify your real estate portfolio or you’re just interested in different forms of investing, check out this fascinating, innovative episode! In This Episode We Cover:How Himanshu got started with real estate investingThe pros and cons of getting a vacation rental as a first propertyHow he branched out into condo unitsWhat exactly corporate housing isOpinions on Homeowners AssociationsHow he made the big jump to multifamilyHow to use another business to finance your next dealWhy exit strategy matters to HimanshuThe ins and outs of having multiple property managersTips on marketing multifamily unitsHow Himanshu finds propertiesHow he dealt with “unusual activity” in his multifamily unitWhy he became a real estate agentAnd SO much more!Links from the Show:VRBOHomeAwayFlipKeyHomeSearch (sponsor)Podio (sponsor)Books Mentioned in this ShowRich Dad Poor Dad by Robert T. KiyosakiBlue Ocean Strategy by W. Chan KimThe 10X Rule by Grant CardoneTweetable Topics:“Buy with the end in mind.” (Tweet This!)“Nobody will ever take as good a care when it comes to properties as yourself.” (Tweet This!)Connect with HimanshuHimanshu’s WebsiteHimanshu’s BiggerPockets Profile