#119: Living in an Expensive Market and Investing out of State + Quickly Building a Personally Owned Portfolio of 70+ Units with Phil MacArthur

The Multifamily Wealth Podcast

Do you live in an expensive area but still want to acquire income-producing real estate? In this week’s episode, Phil discusses why he picked New Hampshire to start his investing career and how the competitive landscape in rural areas makes it easier to find great deals. Phil’s experience will ring true with those who are living in an expensive area and want to invest in a different market. Additionally, listening to Phil’s insight on why/how being in real estate full-time helped him in his investments and networking.

While attending college in Boston, Phil began to pursue his real estate career. At 19, he quickly
became a top rental agent in Boston with Warren Residential. By graduation, Phil had built a
successful business helping buyers and sellers achieve their real estate goals in Downtown Boston. In addition to his success as a real estate agent, Phil began investing in small multi-family properties in 2016. Today, Phil has built a portfolio of 70+ multifamily units in New Hampshire, a market that Phil strongly believes has the greatest upside in the northeast.

Are you a new multifamily investor looking to grow your portfolio but don't know where to start? Are you an existing multifamily investor looking to scale your business and master advanced topics such as capital structure, finding off-market deals, and establishing JV partnerships? Click here to learn more about 7-Day Multifamily, a program in which I teach investors the foundational skills they need to start and scale a multifamily portfolio rapidly.

Are you looking to invest in real estate but don't want to deal with the hassle of finding great deals, signing on debt, and managing tenants? Aligned Real Estate Partners partners with passive investors looking for the returns, stability, and tax benefits investing in real estate offers, but not the work - join our investor club to be notified of future investment opportunities.

Show Notes:

Phil talks about his background and how he began his career in real estate.

Phil shares his first deal, his mindset at the time, and what drew him to it.

We discuss what drew Phil to invest in multifamily property and why it’s a powerful strategy.

Phil talks about what his first investment turned into.

Phil explains how he used the 1031 exchange strategy to level up his portfolio.

We talk about his thought process on deciding where to invest and what markets to explore.

We consider the lessons Phil learned from self-managing his properties and the benefit of outsourcing property management.

We explain how being in real estate full-time helps you invest and network.

We discuss our expectations for the residential and multifamily markets

Phil shares his investment goals for 2023.

Phil talks about where and what types of properties his company, Windrift Real Estate, is
brokering.

Connect with Phil:

Instagram - @windriftrealestate

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Learn more about Aligned Real Estate Partners