86: House Hacking Your Way to 97 Units (While Holding a Full Time Job!) with Cory Binsfield

2014-09-04

Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN.If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance.This show is packed full of valuable tips so make sure...

Today on the BiggerPockets Podcast we sit down with Cory Binsfield, a multifamily rental property investor who comes from Duluth, MN.

If you ever feel like you don’t have enough time to invest in real estate, wait until you hear Cory’s story. He currently owns and manages 97 units himself while still working a full time job. Today he teaches us how he does it and also touches on a variety of topics related to getting started, house hacking, investing in a college town, and being a master of creative finance.

This show is packed full of valuable tips so make sure to grab a pen and paper for notes, and let’s get to it!

In This Show We Cover…

Starting out with an investment that makes your wife cry
How to use a VA Loan
CreativeFinance vs. Conventional Finance
The ins and outs of investing in a college town
The SWAT team that descended on Cory’s property
Mistakes, mistakes and more mistakes!
Why partnering may NOT be a good option after all
How to personally manage over 97 units while working a full time job
How to build a solid team that can put out the fires while you chill on a beach in Mexico
Networking as a “lifestyle”
Owning a frat house
What to look for when buying a multifamily
Why real estate is better than other retirement options
The most helpful technological aid in Cory’s business
And a whole lot more!