Passive Income Through Multifamily Real Estate

Selling at the bottom of the market in real estate can get you into a lot of trouble, but as long as you have enough reserves to ride things out, you can come out the other end smiling. Today’s guest, Kevin Sharkey, rode out the last downturn and he joins us to talk about house hacking and passive investing in the current one. Kevin is a TV executive who began house hacking in 2003 and is now a partner in two out of state multifamily properties totaling 396 doors. We kick things off chatting to Kevin about his road into real estate beginning when that first value add a property in Philadelphia fell into his lap in 2003. Without knowing what he was getting himself into, Kevin bought a second house hack in Florida at the top of the market in 2006, but he managed to hold onto it right through the downturn. He shares the lessons he learned from this and we talk opportunities for sweeping up deals in downturns and the importance of resisting selling at the bottom of a market. We turn our attention to syndications