5 Talents Podcast - How To Build Wealth Through Real Estate

David Lagat - $300-M Portfolio; From 4-Plex to 4000 Units Without Syndication

January 04, 2021 Abel Pacheco Season 1 Episode 72
5 Talents Podcast - How To Build Wealth Through Real Estate
David Lagat - $300-M Portfolio; From 4-Plex to 4000 Units Without Syndication
Show Notes

Our guest for today is David Lagat, Principal and Chief Executive Officer at Bella Asset Management. He has a broad range of skills including negotiation, accounting, asset management, investment properties, and real estate economics. He started investing in the stock market, but eventually found himself in real estate. He will talk about his jump to real estate that led him to acquire a portfolio now worth $300 million. That portfolio would not have been possible without these savvy and creative investing strategies. 

Let’s dive right in and learn from David how to turn a 4-plex into 4,000 units without syndication!

[00:01 - 08:34] Opening Segment

  • Let’s get to know David Lagat
  • His path to multifamily investing 

[08:35 - 18:13] Equities and Debts 

  • Balancing regular work and real estate investing 
    • A goal is written in a notebook
  • The factors that led him to go full-time in real estate
  • How to leverage equities and debts 

[18:14 - 27:10] 1031 Exchanges 

  • How to leverage 1031 exchanges 
  • The right questions to ask in real estate
  • Are single family and multifamily really different?
    • David explains

[27:11 - 37:27] Recourse and Non-Recourse Loans 

  • The importance of closing your first deal
  • How to leverage recourse and non-recourse loans
  • Don’t miss David’s strategies in real estate!

[37:28 - 46:49] Closing Segment

  • Connect with David - links below 
  • Here’s David’s advice for future investors
  • Final words from David and me


Tweetable Quotes:

“Understanding the seller’s needs will help you frame your questions properly.” -  David Lagat

“You gotta be persistent. Set your goals...take the risks, take action.” -  David Lagat


Resources Mentioned:

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Connect with David on LinkedIn and visit Bella Asset Management and their LinkedIn, Facebook, and Twitter pages to learn more. 

Guest email: David@bellasrealtygroup.com


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