Feb. 16, 2021

Small Multi Sweet Spot with Georges El Masri

Georges El Masri is a passionate real estate investor who is interested in helping people get over the fear of investing in real estate. 
In this episode, Georges shares how he finds his small multifamily properties in competitive markets – The way he fi...


Georges El Masri is a passionate real estate investor who is interested in helping people get over the fear of investing in real estate. 

In this episode, Georges shares how he finds his small multifamily properties in competitive markets – The way he finds deals is worth paying attention to. He’s got practical tips to quickly grow your deal-flow and real estate business. 

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you’ll learn in just 17 minutes from today’s episode:

  • Find out the main advantages of small multifamily properties 
  • Discover about a unique and less costly way of finding deals 
  • Learn helpful tips to help you grow your real estate portfolio quickly 

Resources/Links:

Topics Covered: 

01:27 – What made him focus on small multifamily properties 

03:17 – What is his advantage against big guys in the industry 

04:35 – Why go for the residential financing and not the commercial 

05:50 – How many units can he qualify for residential financing 

06:31 – On working with joint venture partners 

06:50 – How does he find properties other than from MLS 

07:36 – What is an exclusive listing 

07:54 – Why a seller signs a listing agreement rather than have it in MLS 

08:23 – Other means of finding deals that worked well for him 

08:46 – Which neighborhoods does he send flyers to and how does he send them 

09:26 – How does he make sure the flyer reach the actual owner 

10:24 – Encouraging words for those intending to get started in real estate 

11:42 – Being open to partner with both active and passive investors 

12:27 – Taking a look at how his partnership with joint venture partners work 

13:29 – How does he make his joint venture partners get interested to partner with him 

14:13 – Why did he start a podcast and how does it help his business 

Key Takeaways: 

“I just love the idea that I can have a property even if one person’s not paying, I have three or four other people that are and I won’t have any issues paying the mortgage at the end of the month.” – Georges El Masri 

“You just got to try it and see what works. There are all these different methods that you have to try and, and you find opportunities in different ways.” – Georges El Masri 

“I love looking for off-market opportunities. And part of that is because if you can get them for a bit of a discount, let’s say that you don’t charge commission or whatever and you get it for a discount.”– Georges El Masri 

“With residential financing, it’s easier to qualify, you don’t have to do a phase one. You don’t have to pay for all the broker fees and all that, you’re just getting it through the bank. So, the costs are lower, the learner fees are the same as a typical mortgage. – Georges El Masri 

I can say that the reason that I’ve become this comfortable, or even that I dove into four to six units, is because I hired a coach, and I got help.” – Georges El Masri 

“There’s a bunch of different ways to do it. But I really think that you need help. It’s hard to grow quickly if you’re trying to do everything on your own.”  – Georges El Masri 

“I’m always asking. Anytime that I see somebody who’s interested in investing, but they don’t know how, or they’re afraid, I always bring it up. I follow up with people, so I don’t just ask somebody once. And if they say no, I’ll check in with them again in a couple of months or whatever. Always, always on the lookout, always staying in touch and talking to people.” – Georges El Masri 

“Why I started a podcast? I figured it’s an opportunity to share a good message, and I get to pick people’s brains, which is awesome. So, a lot of people that I probably never would have had an opportunity to sit down with and have a conversation with are open to it when you say I’m recording a podcast.”  – Georges El Masri 

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