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S01E09: Active Investing Into Commercial and Multifamily Real Estate /Boris Sanchez

Apartment Investor's Club Podcast

Release Date: 10/26/2022

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Boris Sanchez is an accomplished and active commercial real estate investor, broker, lender, and educator. He has personally owned over 800 multifamily units and actively buys and sells commercial RE every month.

"I always think that active investments are going to outperform passive investments or syndication any moment, not that one of them is more correct than the other. You should be diversified in both"

Boris has been a broker and a lender in over $1 billion worth of commercial real estate transactions in his 8-year career so far. Along with his Sanmore Investments team, he plans on acquiring another $20 million worth of commercial real estate this year. Boris also personally mentors investors looking to enter the CRE arena as well as experienced investors looking to expand or diversify their real estate portfolio.

In Episode 9, we discuss investing in commercial and multifamily real-estate; explore the concept of "hard money" investing; give an overview of active investing into RE and we also go over some tips for beginner investors looking to get into the game.

In this episode, you will learn the following:

  1. How Boris has been able to buy and sell commercial real estate without using syndication, by utilising hard money loans.
  2. How Boris has been able to build wealth by owning small to medium sized apartment complexes.
  3. How to start out in active investing when you are just a beginner.

Key points

(01:39) What is the current state of the market for multifamily RE?
(03:38) Has Boris been able to retrade deals lately?
(05:27) Boris shares his current strategy for getting deals done
(07:18) People seem to be more risk averse and willing to take a small loss in the current market
(08:29) Active investing - what is it exactly?
(10:36) How on earth is one supposed to buy an apartment building if one has no money?
(12:20) What types of lenders are willing to cover 100% of the financing of the purchase and cost of renovation?
(15:47) Dealing with balance sheet issues
(19:52) How to determine the cost of renovating an apartment complex if you are not an engineer, contractor etc yourself?
(24:46) Boris walks us through a practical example of recent deal he made
(29:03) How much was Boris able to raise the rents after renovating the complex?
(30:04) What type of areas does Boris buy in?
(31:08) How to keep adding extra value to the property the higher you go in the value chain
(32:37) Changing the use of the building from hotel to multifamily or similar
(34:33) Advice for people just starting out
(36:00) How to reach out to Boris


Reach out to
Boris Sanchez
Email:  [email protected]
https://www.linkedin.com/in/borissanchezmba


Reach out to
Jonathan Twombly
LinkedIn: https://www.linkedin.com/in/jonathandtwombly

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