JF1775: Live From Cincinnati | How To Scale A Real Estate Investing Business To 240 Units In A Competitive Market with Gaston Teran

<p><span style="font-weight: 400;">Today’s episode was recorded at the meetup we host in Cincinnati every month (</span><a href= "https://joefairless.com/best-ever-cincy-meetup/"><span style= "font-weight: 400;">bestevercincy.com</span></a><span style= "font-weight: 400;">). Gaston has attended the meetup for years, and we have personally watched his growth as a real estate investor through the years. He’s scaled up to 240 units over the past few years, with no syndications or funds, all of the units are his own, acquired through traditional financing. One huge difference between Gaston’s business and most others that you’ve heard of, he buys bad properties (until he turns them around) in bad areas, which goes against the traditional advice you usually hear to “buy the worst property in the best neighborhood. We’ll hear his story of getting to the level he’s at today, and how he plans on continuing the growth. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!</span></p> <p><strong>Best Ever Tweet:</strong></p> <p><span style="font-weight: 400;">“It had physical occupancy of 90%, but a lot of those people weren’t paying” - Gaston Teran</span></p> <p><strong>Gaston Teran Real Estate Background:</strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">President of GT Apartments</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Started building his multifamily portfolio while working full time as a corporate controller</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Left the accounting world to be a full time real estate investor, currently owns 240 units</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Based in Cincinnati, OH</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">Say hi to him at gteranATyahoo.com</span></li> </ul> <p><span style="font-weight: 400;">Evicting a tenant can be painful, costing as much as $10,000 in court costs and legal fees, and tak