263: College Dropout to Owning 900+ Units with Bruce Petersen

<p>Many people have dreams of owning large multifamily properties—but fail to get beyond small deals. Not today’s guest! Today, we sit down with&nbsp;<strong>Bruce Petersen</strong>, an investor from the Austin, TX area who&nbsp;<em>started</em>&nbsp;with a 48-unit syndication deal and hasn’t looked back! Bruce has some incredible stories and lessons from his time in the business, so if you ever plan to buy an apartment complex, this is one episode you need to pay close attention to!</p><p>In This Episode We Cover:</p><ul><li>Bruce’s&nbsp;<strong>background</strong></li><li>What a&nbsp;<strong>syndicator</strong>&nbsp;does</li><li>Why he started out with a&nbsp;<strong>48-unit deal</strong></li><li>Why it’s&nbsp;<strong>easier to handle</strong>&nbsp;a property with more units</li><li>The “<strong>deal triangle</strong>“</li><li>Tips for&nbsp;<strong>hosting a meet-up</strong></li><li>The&nbsp;<strong>class system</strong>&nbsp;of properties</li><li>When to&nbsp;<strong>upgrade</strong>&nbsp;a unit</li><li>What exactly a&nbsp;<strong>preferred return</strong>&nbsp;is</li><li>How&nbsp;<strong>syndicating</strong>&nbsp;really works</li><li>How he included his&nbsp;<strong>daughters</strong>&nbsp;in the deal</li><li>How he&nbsp;<strong>finds deals</strong></li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="http://biggerpockets.com/events" target="_blank">BiggerPockets Events</a></li><li><a href="https://twitter.com/brandonatbp" target="_blank">Brandon’s Twitter Profile</a></li><li><a href="https://twitter.com/mindyatbp" target="_blank">Mindy’s Twitter Profile</a></li><li><a href="http://www.loopnet.com/" target="_blank">Loopnet</a></li><li><a href="https://myresman.com/" target="_blank">Resman</a></li><li><a href="https://www.biggerpockets.com/webinar?main_track_only=true" target="_blank">BiggerPockets Webinars</a></li></ul><p>Books Mentioned in this Show</p><ul><li><a href=