Single household residence investing at Scale ft. Elaine Stageberg
Dr. Elaine Stageberg has a background as a psychiatrist and health administrator, but also owns Black Swan Real Estate. She developed a passion for real estate when she rented out her single family home after the crash in 2008. When she learned that she was really enjoying working with residents and providing quality housing and services, she partnered with her husband Nick to buy and redevelop her first investment property in Oklahoma City in 2014.
Since then, as a co-owner and principal of Black Swan Real Estate, she has helped investors with limited time or a desire to actively invest in real estate. Since then she has secured seven-digit investment dollars with 100% successful return on capital and interest.
Now let’s look at the five things we discussed in this episode:
- What is the 1% rule?
- Entrances and exits
- The result of long-term holding
- A potential bubble that you see in apartment buildings
- Horizontal and vertical scaling and how this applies to real estate
Here’s a breakdown of how this episode plays out …
We believe the trend of investing in small apartment buildings can be good advice, but we also think there are a lot of dynamics that people should know about.
In single-family houses you only have relatively low operating costs compared to multi-family houses.
When you get a conventional multi-family home loan, there is a very substantial penalty built in just because it is a multi-family home.
However, I think it’s important to think about what other investors are doing. What are other people doing? It is often good to do the opposite of what other people are doing.
There is a clear trend towards vertical scaling. Ever larger apartment complexes are being built.
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