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Making Money in Deep Value-Add Properties with John Warren, Ep. 482

John Warren owns 154 apartments in the Chicago MSA, and he also manages a total of 189 units. John is the managing broker at Forte Properties, Inc, and he runs a team of four agents that focuses on helping investors buy, sell, and manage their residential investment properties.

We talked to John about the competition in the 12+ units space, deep value-add properties, keys to scaling your portfolio, and much more!


Announcement: Click here to join me and other top real estate investors for the Midwest Real Estate Networking Summit!

[00:01] Opening Segment 

  • John talks about his background; 

  • Being an agent and investor at the same time; 

[04:45] Buying Criteria and Deep Value-add Properties

  • What investing in 1 to 4 units looks like today;

  • Competition in return criteria in the 12+ units space;

  • John’s buying criteria;

  • Deep value-add properties VS. Light to medium value-add properties.  

[11:18] Scaling a Portfolio

  • Understanding the risks before getting into deep value-add properties;

  • Find the right people to work with;

  • Keys to scaling your portfolio;

  • JV Partnerships and deal structures;

  • Advice for new investors;  

Announcement: Download Our Sample Deal and Join Our Mailing List

[24:24] Round of Insights

Apparent Failure: A flip he did in 2017.

Digital Resource: Appfolio

Most Recommended Book: How to Make it Big as a Real Estate Agent

Daily Habit: Doing a modified version of the miracle morning.

#1 Insight for Growing a Multifamily Portfolio: Always look out for other people.

Best Place to Grab a Bite in Chicago: Freddies

Contact John:

You can email John by clicking here.

Episode 75 with John Warren

Tweetable Quotes:

“Good deals are made, not purchased.” – John Warren

Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

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