Host: Casey Silveria
Guest: Senate Eskridge
Summary:
Senate Eskridge, a real estate investor from Idaho, shares his journey from investing in single-family homes to multifamily apartments. He found that owning single-family homes was not generating the income he wanted, so he shifted to commercial real estate. Senate explains the benefits of investing in multifamily properties, which are valued based on net operating income(NOI) rather than comparative sales like single-family homes. He gives an example of how they are forcing appreciation in a 33-unit property by providing internet to the entire complex, which will save tenants money and increase the property’s income. Senate also highlights how investing in multifamily properties can be a win-win-win situation for the community, tenants, and investors. Senate joined the Jake and Gino mentorship program and Raise Masters group to improve his knowledge and become a professional capital raiser.
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