202. Multi Family Deals Education that Works with Anthony Chara

Mar 31, 2022

Today’s amazing guest is Anthony Chara. He will be sharing his experience in the Real Estate space after more than 20 years. Here’s a few things about Anthony:

He started investing in RE in 1993 in Single Family Homes and made the jump to Multi Family in 2004. He has owned over 2000 units since then. He actively has around 320 units now. He has been teaching others how to invest in apartments since 2006.

 

Let’s dive in!

[00:01 - 10:20] Opening Segment

• When Anthony and his wife started in Real Estate
• • How they overcame the barriers
  • Their eyes were opened in 1991
• Where did Anthony buy single family houses
• • how Anthony and his wife handled these properties
• The switch to Multi Family 
• • Anthony and his partner George taught others how to do it
  • Anthony’s area of expertise in teaching 

 

[10:21 - 21:16] Analyzing Deals 101

• Where you can start with
• • Be educated: know all you should know
  • Are you aware of the insurance policies?
• How to solve loan problems
• • Guidelines that people don’t usually follow
  • Non-recourse loans could become recourse loans

 

[21:17 - 34:33] Let’s talk about liabilities

• The striking difference when you are actively and passively investing
• • For limited partners
• A reasonable compensation for those who sign up for loans
• What was the great recession like for Anthony
• • Painful learnings from the mistakes they encountered
  • What Anthony will be doing differently
  • His tips for you to do better

 

[34:34 - 36:13] Closing Segment 

• Final words

 

Call or text him at 303-745-5525

Shoot him an email at [e-mail] and check out his website, www.SuccessClasses.com

 

WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email [e-mail]

 

Visit my website www.luxe-cap.com or my YouTube channel

 

Thanks for tuning in!  

 

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Tweetable Quotes

"Why are we listening to people who have never done it? Why not go and learn from people who have done it.” - Anthony Chara

 

"You want to make sure that you have enough resources, so if something goes sideways, and occasionally will, then you’re not all of a sudden filing bankruptcy or going into foreclosure on somebody’s properties.” - Anthony Chara

 

"You need to be educated. You need to understand the difference between investing in Single Family Homes and investing in Apartment Complexes. Keep in mind that an Apartment complex is multi family, but not all multi families are apartment complexes.” - Anthony Chara

 

Resource Mentioned:

• Wealth Without Risk - Charles Givens