Ep #32 - Peter MacKercher started in real estate as an investor in July of 2003 during the summer of his junior year of college. He found a four-unit property that required a full gut to fix up and jumped in, living and managing at the property. The next

Peter started in real estate as an investor in July of 2003 during the summer of his junior year of college. He found a four-unit property that required a full gut to fix up and jumped in, living and managing at the property. The next year he graduated with a degree in business and, diploma in hand, he eventually started his management and renovation companies. Since that time Peter has owned more than 100 rental units and founded Mogul Realty in St. Louis MO offering real estate, construction, and property management services.  

Here’s some of what you will learn:

• The traits real estate investors need to be successful.
• Why it’s crucial to use mentors in real estate investing.
• The benefits of using realtors in your deals.
• The biggest benefits of living on-site at your multi-family property.
• The Pros and Cons of REI (Real Estate Investor) Groups.
• What happens at a REI (Real Estate Investor) Group? (You may learn more after the meeting ends).
• Networking recommendation: Meetup.com search for REI (Real Estate Investor) Groups.
• The “Burn The Ship” Strategy.
• Book recommendation: Three Feet From Gold, Turn Your Obstacles Into Opportunities! by Greg S. Reid and Sharon Lechter
• Do NOT buy in “war zones.”
• Look for “C properties” in “B locations.”
• A $10,000 investment that made a $80,000 return in one year.
• The two ways to improve value of a multi-family property.

 Our Guest

You can learn more about Peter MacKercher and Mogul Realty at: http://www.stlmogul.com/

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Recommended Resource

• Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://meetme.so/RodKhleif

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