The Capitalizing Your Life Podcast

Episode 63 - Garrett Terrell
"I kind of hit a home run on my first deal. And so I thought I knew everything. And I'm like, 'Nah, I just want to keep this lean and mean.' Like, I want to pay this park off and just have one park to deal with and all that stuff. And I don't know if anything necessarily just changed, but I think the more deals that we were looking at, and underwriting, and getting direct to seller on, these were like no brainer opportunities. And I didn't have multiple six figures of my own cash to just dump into these deals and manage myself. These are no brainer deals. And so I'm like, 'Man, I got to find the money for this.'"

Join me as I interview returning guest Garrett Terrell, the CEO and founder of Rocket Capital Fund.  As a real estate agent, Garrett began his journey focused on flipping houses. During our last interview, Garrett was in the process of transitioning out of residential into strictly multi-family real estate. Garrett shares his accomplishments and projects over the last year. Today, Garrett owns a portfolio valued at over $10,000,000 with over 100 units.

Garrett and I discuss:
  • His rapid growth since his first 33-unit MHP
  • Wholesaling and direct-to-seller strategies
  • Financing options and insurance in the multifamily space
  • His recent acquisitions and challenges
  • Benefits of investor partnerships
  • Syndication and portfolio management
  • The importance of stabilizing before adding more projects
  • Cost-effective ways to transform MHPs
  • Facebook Marketplace: a surprise for sales success
  • Streamlining systems and operations
  • Transitioning old tenants into new systems
  • Wholesaling vs. owning MHPs

Episode Links:

X (formerly Twitter):@GarrettTerrell
Instagram: @Garrett_Terrell
Facebook: @garrett.terrell.5
LinkedIn: @garrett-terrell-6b3b2718b
YouTube: @GarrettTerrell
 
https://rocketcapital.fund/
 
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LinkedIn: @glennyaney
X (formerly Twitter): @glennyaney

Podcast Management by Kelly Carlson Creative Services

What is The Capitalizing Your Life Podcast?

Welcome to Capitalizing Your Life—the podcast that shows you how to take control of your money, build lasting wealth, and create financial freedom using the Infinite Banking Concept. If you're ready to make your cash flow work for you instead of someone else… you’re in the right place.