Property Prophets

11: Building Wealth with Zach Morgan

Travis Wells Season 1 Episode 11

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In this episode of Property Prophets, host Travis Wells interviews guest Zach Morgan, who shares his experience in real estate investing. Zach primarily focuses on long-term rental holds and flips in the small multifamily space. He got started in real estate after working in the insurance industry and attending local real estate meetups. He joined a wholesaling company and quickly transitioned from cold calling to becoming an acquisitions agent. With the help of his mentor, he bought his first property and has since acquired a total of 25 units. Zach emphasizes the importance of networking and building a personal brand in order to attract deals and leverage his network. He also discusses the strategy of using the BRRRR method (buy, renovate, rent, refinance, repeat) and the significance of velocity of money in real estate investing. When asked about advice for new investors, Zach recommends taking action and buying a property, even if it's not a perfect deal, as the learning experience is invaluable. He also suggests exploring different sources of funding, such as partnerships, hard money lenders, or leveraging existing assets. Zach is currently looking to expand into larger multifamily properties and has been making offers, although he acknowledges the challenges of finding deals that meet his criteria in the current market.

Connect with Zach:
https://linktr.ee/zachmorgan

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