MB286: The Rocky Transition from Flips to Multifamily – With J Scott

<p><span style="font-weight: 400;">You might think it would be easy for a well-known flipper to transition to multifamily. But the truth is, a successful career in single-family does NOT translate to the world of apartment building investing.</span></p> <p><span style="font-weight: 400;">So, how do you make the leap from single-family rentals and flips to multifamily investor?</span></p> <p><a href="https://www.jscott.com/" target="_blank" rel= "noopener"><span style="font-weight: 400;">J Scott</span></a> <span style="font-weight: 400;">serves as Partner at</span> <a href="https://www.bardowninvestments.com/" target="_blank" rel= "noopener"><span style="font-weight: 400;">Bar Down Investments</span></a><span style="font-weight: 400;">, a multifamily investing firm with a portfolio of 1,000 units. J got his start in single-family real estate and built a reputation in the flipping business, rehabbing 500 properties and authoring</span> <a href="https://www.jscott.com/my-books/" target= "_blank" rel="noopener"><span style="font-weight: 400;">four bestselling books</span></a> <span style="font-weight: 400;">in the BiggerPockets library. And then 18 months ago, J made the transition to multifamily investing.</span></p> <p><span style="font-weight: 400;">On this episode of the podcast, J joins cohost Garrett Lynch and me to share what inspired his move into multifamily and explain why flipping houses is not the path to financial freedom. He opens up about lacking credibility in the multifamily space, offering insight on how to get brokers to trust you if you’re new to the game. Listen in to understand the 3 things you need to get investors to work with you and learn how to build a reputation in the multifamily space—with or without prior real estate experience!</span></p> <h3>Key Takeaways<span style="font-weight: 400;"> </span></h3> <p><span style="font-weight: 400;">How J got into the real estate space</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Work long hours as cor