Episode 21 with Brad Hreha
“The approach that I take with my students is I'm going to give you everything I know, but you need to go out there and get beat up a little bit. You need to skin your knees. You need to come back a little bit of bloody to go, ‘OK, that doesn't work.’ Right. I can give you all the information. But until you put yourself through it and you mess up and look like a fool, you don't really learn it. I have to keep trying to get you to understand on your own that, ‘Hey, this is what works. This is what doesn't work. ‘ And a coach is not boom, a straight line to what it is that you want, but It's a much straighter line than just trying to figure it out on your own.”
Join Glenn as he interviews Brad Hreha, a real estate entrepreneur based in New Jersey. Brad started his entrepreneurial journey in the window tinting business but ultimately found his passion in multifamily real estate. He is the CEO of Hreha Investments, a company currently holding a portfolio of 158 units. Brad has written a book on multifamily investment and coaches private lenders and aspiring entrepreneurs wanting to get started in the multifamily investment business.
Glenn and Brad discuss:
- His journey from a window tinting business to multi-family real estate investments
- Using Facebook to make connections to coaches and potential partners
- Pros and cons of the different multi-family real estate classes
- Insurance rates and interest rates in property ownership
- Competing with larger real estate institutions
- The importance of buying right with the right structure
- The importance of underwriting in multi-family investing
- Coaching and accountability in real estate
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