Beginning with a $200,000 2nd mortgage on their father’s home in 2006, the Worcester family started flipping houses and quickly moved into buying duplexes, triplexes, and apartment buildings. Today Worcester Investments owns and operates 3,000+ multifamily units in the greater Kansas City Metro area valued at $150,000,000. The Worcester family is 1/3 of the way to their goal of owning 10,000 multifamily units.
Here’s some of what you will learn:
- Bootstrapping 101
- Starting with 3 brothers and their father in a 100 sq. ft. office, in 7 years Worcester Investments has grown to 120 employees located in a 10,000 sq. ft. corporate office in a prime location.
- Scaling your business.
- Progressing from single family to duplexes, triplexes, 60 units, to 96 units.
- A lesson in persistence.
- Don’t stop until the problem is solved.
- Expanding your investor base.
- Developing your team members.
- The importance of having a clear vision in your head.
- Why you should have a BHAG! (Big Hairy Audacious Goal!)
- Book recommendation: Rich Dad Poor Dad by Robert Kiyosaki
Our Guest
You can learn more about Paul Worcester at:
http://www.worcesterinvestments.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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