Stabilize, Syndicate, Succeed: Garrett Terrell’s Secrets to Scaling MHPs - podcast episode cover

Stabilize, Syndicate, Succeed: Garrett Terrell’s Secrets to Scaling MHPs

Apr 08, 202535 minEp. 63
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Episode description

Episode 63 - Garrett Terrell

"I kind of hit a home run on my first deal. And so I thought I knew everything. And I'm like, 'Nah, I just want to keep this lean and mean.' Like, I want to pay this park off and just have one park to deal with and all that stuff. And I don't know if anything necessarily just changed, but I think the more deals that we were looking at, and underwriting, and getting direct to seller on, these were like no brainer opportunities. And I didn't have multiple six figures of my own cash to just dump into these deals and manage myself. These are no brainer deals. And so I'm like, 'Man, I got to find the money for this.'"


Join me as I interview returning guest Garrett Terrell, the CEO and founder of Rocket Capital Fund.  As a real estate agent, Garrett began his journey focused on flipping houses. During our last interview, Garrett was in the process of transitioning out of residential into strictly multi-family real estate. Garrett shares his accomplishments and projects over the last year. Today, Garrett owns a portfolio valued at over $10,000,000 with over 100 units.


Garrett and I discuss:

  • His rapid growth since his first 33-unit MHP
  • Wholesaling and direct-to-seller strategies
  • Financing options and insurance in the multifamily space
  • His recent acquisitions and challenges
  • Benefits of investor partnerships
  • Syndication and portfolio management
  • The importance of stabilizing before adding more projects
  • Cost-effective ways to transform MHPs
  • Facebook Marketplace: a surprise for sales success
  • Streamlining systems and operations
  • Transitioning old tenants into new systems
  • Wholesaling vs. owning MHPs

Episode Links:


X (formerly Twitter):@GarrettTerrell

Instagram: @Garrett_Terrell

Facebook: @garrett.terrell.5

LinkedIn: @garrett-terrell-6b3b2718b

YouTube: @GarrettTerrell

 

https://rocketcapital.fund/

 

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LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney

Podcast Management by Kelly Carlson Creative Services

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