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Episode 65 – How to start investing in apartments
Enjoy this week’s Real Estate Success Podcast, with special guest, Anthony Chara, as we discuss how to grow start investing in apartments. Anthony has coached many investors on how to find apartment deals, fund apartments deals and manage them the right way for lasting cash flow and value-add equity opportunities.
“Investing in apartments can help you scale your portfolio quickly”
Investing in apartments:
- How to find apartment deals starting with key relationships
- How to add value, increase net cash flow and equity
- How to finance your apartment deals
- 3 Keys to due diligence and what to be careful with
- Why investing in apartment complex’s help you scale your portfolio quickly
References:
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About our guest: Anthony Chara
Anthony Chara is a seasoned Real Estate investor that has successful investing and property management experience dating back to 1993. After 16 years working for a fortune 500 company and traveling extensively it was time for a change. Mr. Chara gave up his lucrative Area Manager position in which he managed 35 electronic technicians in 7 states and a $3M budget so he could spend less time traveling and more time creating wealth for his family. He started and sold several service oriented companies until turning to Real Estate investing full time in 2001.
Presently, he’s managing partner of Apartment Mentors, LLC and founder of Success Classes, LLC. He has owned or managed several successful multi-million dollar companies during the last 20+ years. Mr. Chara owns properties in Arizona, Colorado, Florida, Indiana, Iowa, Louisiana, Mississippi, Nevada, Ohio, Oklahoma and Texas.
He has mentored several thousand aspiring RE investors. Mr. Chara also volunteers and supports several worthy charities such as the American Red Cross, Denver Rescue Mission, Habitat for Humanity and the Wounded Warrior Project.
Mr. Chara turned to Apartments full time in 2004. He owns and/or has syndicated approximately 1600 apartment units around the country. These units range from 14 units in 1 complex in Oklahoma to 179 units in Indianapolis. His most recent acquisitions include a 4-complex package totaling 410 units in Indianapolis, IN (December, 2012), 3 complexes totaling 120 units in Dayton, OH (August, 2013), a 100 unit complex in Longview, TX (April, 2015) and a 31 unit complex outside of Philadelphia, PA (January, 2016).
In 2005, Mr. Chara decided to capitalize on recent RE market trends to offer superior technical training to RE Investors specifically targeting commercial investing with an emphasis on Apartment complexes. Mr. Chara’s techniques teach people how to become wealthy ‘deliberately’ using Apartments to generate massive cash flow and ‘forced’ appreciation.
Having reviewed several other gurus in the marketplace that specialize in Apartments, he set out to design and implement the best quality Apartment Investing training class in the market today. He taught his first class in September, 2006. Now, over 10 years later, he believes very strongly, based on the testimonials that he’s received, that he has achieved this goal.
Along with teaching students how to purchase Apartments on their own, Mr. Chara also realized that many of these same students either wouldn’t have the time to find and purchase Apartments or would still be afraid to pull the trigger. Therefore, he has created several investment groups and raised over 11 million dollars used to fund the acquisition of many of the aforementioned properties.
Even though Mr. Chara has been managing his own single family renters since 1993, he realized that he would not have the time to manage all of these Apartment units around the country and has subsequently hired professional management companies to oversee all of his holdings. His focus is to manage the property managers that oversee these properties while continuing to teach more students how to become just as, or more successful than himself, and purchase additional complexes with these students and other investors alike.
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