All roads lead to multi-family. It seems that no matter how you get your start in real estate, the vast majority of investors come to the same conclusion: For passive, everlasting cashflow, multi-family is the way to go.

Jack Bosch came to the United States from Germany in 1997 to finish his college degree. He worked in the corporate world for several years, but soon found that it did not afford the life he wanted. His visa was dependent upon keeping his job, yet the company that was struggling, so Jack was inspired to start a company of his own.

Attracted to real estate because of its cash flow potential, Jack got his start flipping land. Over the course of three years, he developed a system that allowed him to do 3,800-plus deals, and he achieved financial freedom in a short time. Jack eventually moved into the single-family space, developing a portfolio of rental properties, and he finally graduated to multi-family in the last year. Today he shares the specifics of his transition to multi-family, his experience raising money for the first time, and his advice for investors who dismiss apartment buildings as an advanced strategy. Listen as he explains why he would have liked to get into multi-family sooner, and how you can get started in the space with no prior experience.

Jack Bosch – Key Takeaways

[2:12] How Jack got involved in real estate

[4:00] Jack’s start in flipping land

[5:36] How Jack defines a transaction

  1. One-time cash deals (flip house, get paid once)
  2. Temporary cash (give loan, receive interest)
  3. Monthly payments (flip land for seller financing, receive down payment + monthly installments for six to eight years until paid off)
  4. Forever cash (passive, everlasting income via multi-family)

[8:47] Jack’s transition to multi-family

[12:52] Jack’s advice around the multi-family learning curve

[18:10] Jack’s experience with raising money

[21:01] Jack’s conclusions about multi-family

[22:48] Why Jack would have liked to start multi-family sooner

[28:20] Jack’s advice for investors who dismiss multi-family as an advanced strategy

[30:26] What Jack is excited about

Connect with Jack

Jack on Facebook

JackBosch.com

JackBosch.com/apartments

JackBosch.com/land

Mastermind for Business Owners

Resources

TheMichaelBlank.com

Michael’s Products

Free eBook: The Secret to Raising Money to Buy Your First Apartment Building

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