From Accidental Landlord to 40+ Apartment Units (While Working Full-Time)

Buying rentals one house at a time works, but what happens when you do the math and realize it’ll take 20 years to change your life? That’s the exact wall today’s guest hit, before pivoting his investment journey towards multifamily. We’ll break down why (and how to) make the move, a new perspective on risk mitigation, and why multifamily isn’t as scary as most rookies think it is!Welcome back to the Real Estate Rookie podcast! Vaibhav Puranik never planned on being a landlord. An abandoned condo in his HOA turned him into an accidental property manager, and a down market turned his own condo into his first rental. When Los Angeles priced him out, he used the BiggerPockets Forums to find an investor-friendly agent and bought out of state. Five single-family rentals later, he hit a ceiling, so he went bigger.Vaibhav explains exactly how real estate syndications work, how he landed his first general partner (the operator) spot with one condition, and how he now owns stakes in multiple apartment buildings across California! You’ll also hear the one money mindset that killed his fear of tenant calls, why understanding CapEx vs. OpEx changed everything, and how he knew it was time to le...