This investor is buying Multi family real estate in out of state markets because where he lives in New York the prices are just too high. Meet my friend Welby, he's been in the real estate game since 2004 but he's paid his dues winning and losing just like me. Today we're in Waterbury Connecticut viewing some of his multi family buildings to see how he buys them and what repairs he does to attract quality tenants. We all know the true goal of successful real estate investors is cash flow. You'll see how he adds living space and has done several things that allow him to raise his rents because he ads value to his multi family properties. I'm actually even thinking about looking at investing in this area because there are so many multi family building here.
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00:00- Intro
1:23 - Meet my friend Welby Real Estate Investor from New York, but he invests out of state
3:23 - Why does Webly invest in Waterbury Connecticut
4:35 - What happens when you put your own money into a real estate deal
5:48 - Why do people think they can get 100% financing on real estate deals
9:20 - This is the neighborhood and project that's being torn down
10:25 -Welby converted this from a 3 family to a 4 family multi family property
11:15 - Let's go over the numbers on this property
14:05 - Welby bought this house with private money,
17:17 - This Multi family 3 unit property was purchased at $130k
21:15 - What renovations does Welby do on his rental renovations, let's go inside
27:00 - Why does Welby use electric baseboard heaters
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Follow Welby: @atmybest1975
#multifamilyrealestate, #howtobuymultifamilyapartments, #multifamilyinvestments [ Ссылка ]
