Sourcing a Deal and Advice for Multifamily Investment Beginners with Nick Fluellen (Ep. 2)
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Sourcing a Deal and Advice for Multifamily Investment Beginners with Nick Fluellen (Ep. 2)
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Very excited to bring you my first interview and guest on the show and someone I've known for awhile now as a friend and colleague and that is Nick Fluellen. Nick is a licensed broker in the state of Texas and is the Executive Managing Director at Marcus & Millichap. He has successfully closed over 600 transactions including 5.1 billion dollars in value and he's just a good dude as well. We discuss a specific deal he recently had, how to source it, what made the property a winner, and much more!
Time Stamps:
(1:15) First Official Interview
(1:30) My Guest Today Nick
(3:21) Why Multi-Family Properties?
(5:05) The SAFE Method
(6:33) Sourcing the Deal
(9:55) What Made This Property a Winner
(13:30) Financing
(16:10) An Inherited Manager
(19:51) One Thing to Change About the Multi-Family Business
(22:17) Advice to Getting Into the Business
(23:53) Where Multi-Family is Going into the Future
(26:31) Buy or Sell Game
(29:05) How to Connect with Nick
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Follow Me on Instagram: https://www.instagram.com/kevparrish/