128-Unit East 3434 In Phoenix, AZ With Gary Lipsky, Multifamily Syndication Expert
Running a multifamily apartment complex is just like running a business. You manage a team, review numbers, look for ways to constantly improve, and report to investors. An entrepreneur his whole life, Gary Lipsky naturally gravitated to multifamily syndication, and now, he is an expert in the field and a Managing Partner at APT Capital Group LLC. He sits down with host, Dan Handford, to tell us, along with his story, how he was able to acquire a 128-unit property for 15.15 million in November of 2019 called East 3434 located in Phoenix, Arizona. He takes us into the bidding war that happened, the hard money and financing involved, the due diligence process, and the renovation. Showing you the business aspects of real estate, Gary takes you along to this rollercoaster ride of taking on the deal and seeing it through the finish line in this conversation.