#62: Why You Should Choose Multifamily Investing with Chris Grenzig

podcast Jul 08, 2020

Chris started his real estate investing journey in Jan of 2016 by trying to flip houses on Long Island NY, but ultimately failed to flip a single house despite spending tens of thousands of dollars and several months trying.

Chris and his team tried pivoting to purchasing tax deed properties in Philadelphia, but quickly realized it wasn't for them. From there Chris started to learn about multifamily and started by investing passively in an 8-unit property, then Joint Venturing on another 100 units worth over $4.5 mil. From there Chris quit his full-time job in finance and joined the Toro team full time in Aug 2016.

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Why Multifamily - not single family flipping - Works for this 28 Year Old Investor!

While Chris had tried flipping houses and even purchasing tax deeds, he found his greatest success in the Multifamily Investing space. However, Multifamily Investing never came easy to Chris, but he didn't want to give up and wanted to learn as much as he could. 

Chris tried a joint venture partnership which ultimately lead him to meeting John Cohen. Chris continued to network like crazy, went to events and REIA's. He had a ton of people tell him 'no,' but he kept banging down doors which eventually lead to Chris's success and leaving his job to join the Toro team full time!

In this episode you'll learn:  

  • The different criteria to look for when purchasing a property 
  • What type of locations to purchase a property in
  • How to sell a property to a group of investors 
  • Why Chris doesn't take a split until he gives investors an 8% return 
  • The changes that are taking place in the housing industry 

Connect with Chris

Toro REP

Chris's Podcast

Chris's Instagram

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