Two years ago, Will Harvey thought that only people with millions of dollars could own apartment buildings. And then he started listening to podcasts and reaching out to other entrepreneurs and real estate investors. Their stories broke the ceiling on what he thought was possible, and by the end of 2019, Will was able to quit his W-2 job and pursue multifamily full time.
At just 26 years of age, Will is the Vice President of CEO Capital Partners, a real estate acquisition firm focused on multifamily. A veteran of the residential mortgage business, Will earned National Rookie of the Year honors in 2017 and operated in the top 5% at one of the largest retail lenders in the US. Now, he controls over $1.5M of real estate in Northern Virginia. Will is also the cohost of Wealth Junkies, a podcast dedicated to sharing the stories of successful entrepreneurs and liberating 1,000 people from the rat race.
On this episode of the podcast, Will joins me to talk about how being hell bent on getting OUT of his W-2 job led him to real estate investing. We discuss how Will leveraged multifamily podcasts to turn his car into a mobile university, how he found his joint venture partners, and what steps he took to quit his 9-to-5 at the end of 2019. Listen in for Will’s insight on building the Wealth Junkies platform and get his advice on surrounding yourself with people who’ve done what you want to do.
Key Takeaways
How Will got into real estate investing
- Looking for way out of mortgage business
- Started with house hacking SFHs
How Will got educated around multifamily
- Listening to podcasts (car = mobile university)
- Reach out to dad’s friends in real estate
Will’s initial multifamily strategy
- Wanted to invest locally in Winchester
- Realized pond too small to find good deals
Will’s insight on the value in joint venturing
- Accelerates progress to work together
- Play to strength in building relationships
Will’s first deal through CEO Capital Partners
- Raise capital for experienced operator (cosponsor)
- Afforded team credibility with brokers
The steps Will took to quit his job
- Lived well below means
- Refi one property, increased rent on SFHs
- Passive investment in multifamily
Will’s take on what building a platform does for you
- Position self as thought leader
- Create funnel to capture info
- Raise capital beyond local investor network
What Will would tell his younger self
- Think BIGGER
- Change I can’t to How can I _______?
Why Will recommends listening to podcasts
- Accelerates learning
- Break ceiling of what thought possible
Will’s vision of the next five years
- Expenses covered
- Continue to grow + scale
Will’s advice for aspiring multifamily investors
- Seek advice from qualified people
Connect with Will Harvey
Email [email protected]
Resources
Bigger Pockets Real Estate Podcast
Rich Dad Poor Dad by Robert T. Kiyosaki
Trump: The Art of the Deal by Donald J. Trump with Tony Schwartz
