373: Building a $275M+ Portfolio with Grit, Persistence and Fearlessness with Craig Berger
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Purchasing any property comes with a certain amount of risk. And that’s undoubtedly true with multifamily real estate investing. But if you never take any risk, you’re not growing your portfolio or your business. And if you spent 10 years working on Wall Street like today’s guest, you’d understand investment risk very well and how to manage it.
Craig Berger is the Founder of Avid Realty Partners and has been an active real estate investor for over 15 years. He oversees deal sourcing, underwriting, fundraising, capital markets, operations, and asset management. Since 2015, Avid Realty has grown its portfolio with approximately 2,000 multifamily units worth more than $275M.
Prior to founding Avid Realty Partners, he worked for over 10 years as a highly acclaimed semiconductor equity research analyst at Smith Barney Citigroup and FBR Capital Markets, among others. With his expertise, he’s guided Avid Realty through 6 exits with zero realized loss and a 33% average IRR.
In our conversation, Craig shares what it takes to have incredible success as a real estate investor. In his words, it takes persistence, grit, determination, and being able to analyze deals to minimize risk while being willing to go all in and be willing to fail. If you find yourself getting caught up in the headlines and fears about inflation, you’ll miss out on opportunities that are available.
Key Takeaways with Craig Berger
- Why fears about inflation should be nearing the end and why there will be great opportunities in the next 12 months.
- Why Craig has focused on building his portfolio in Texas and how state laws factor into those decisions.
- How real estate investors need to have grit and determination to be truly successful.
- Taking risks is essential in real estate investing, but minimizing risk helps to ensure a successful outcome.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/373
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