Episode Details
Back to EpisodesB & C-Class Multi-Family Acquisitions, Midwest Market Dynamics, & Unexpected Renovation Challenges ft. Stan Remling
Description
On this episode of the Best Ever CRE Show, Slocomb Reed interviews Stan Remling, co-founder of Follow the Deal Investing. Stan shares his journey from W-2 employee to multifamily investor, focusing on value-add properties in Indiana and Michigan. He explains their strategy of targeting cash-flowing properties from day one, discusses their transition from small multifamily to larger complexes in the 30-70 unit range, and reveals how they've grown to over 700 units since 2020. Stan candidly shares lessons learned from unexpected renovation challenges, including water intrusion and termite damage discovered after purchase, and how they're adjusting their acquisition criteria based on these experiences. He also discusses their financing approach, including returning investor capital through refinancing, their property management company structure, and why they sometimes choose to sell rather than refinance challenging properties.
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