Reed Goossens offers multifamily syndication that produces double-digit returns.
He’s got half a billion dollars worth of assets under management, even though, in the background of the video I’m watching, it looks like he’s slumming it in a sad little apartment.
“I’ve built a portfolio over the last 10 years of large scale, multifamily investments here in the United States,” Reed says. “And I didn’t go to an Ivy League school or marry into money; I had no legs up in the business.”
Reed’s just your average Australian chap.
Grew up on the Sunshine Coast. Ended up getting a degree in structural engineering. Took some time off, traveled the world for a few years – to learn more about himself – then moved to the U.S. to pursue a career as a real estate investor.
Started small. Picked up a humble property in 2012 for $38 Gs. Paid cash.
Kept chipping away. Fast forward to today and he’s got a skirt-lifting $500 million in real estate under his control.
How, Sway?
“I worked my butt off in order to learn everything about this business,” Reed says.
“Remember, I didn’t go to university for real estate education. I’m actually self-educated in this space,” he reminds us.
“And the proof is in the pudding because I’ve made real estate my obsession. There’s no lucky source here, there’s no secrets here, it’s just good old-fashioned hard work.”
“So, in this journey over the last 10 years, people have invested alongside of me. People have invested passively with me – into my deals that I invest in.”
During that time, Reed’s proud to say he’s got a perfect track record. He’s never lost anyone’s money.
Instead, they’ve enjoyed fantastic double-digit returns.
Too good to be true?
I mean, the S&P’s, what, only around 9-10% over the last 30 years?
And single family houses – heck, they’re only good for like 5-6% a year, right?
And don’t even get me started on banks, who give you almost nothing these days to keep all your money with ’em. And whatever do give gets gobbled up by inflation.
Needless to say, compared to traditional investments, an almost guaranteed ROI of more than 10% makes ya skeptical, doesn’t it?
Especially coming from some dude you never heard of before you saw his Facebook ad or whatever, am I right?
Hey, Reed gets it. He’d be a little suspicious, too, if he were you.
But the numbers don’t lie.
Not that long ago, he sold a 388-unit complex that he had held for about two and half years. When the dust settled, his investors pocketed 15% (annualized) on their money.
“And so,” Reed explains, “that’s what we’re trying to do: We’re trying to aim to double investors’ money over about a fix to six year period.”
“Our typical hold periods are between three and seven years.”
“Now. To make this even better, I haven’t even mentioned the awesome tax benefits that come with investing in real estate.”
“Like accelerated appreciation which can help reduce your taxable income as a passive investor in my deals,” he says.
Alright, so what are these investments?
- Apartments in high-growth areas.
- Specifically, complexes that were built in the ’70s, ’80s and ’90s.
- Stuff that’s looking a bit tired, in need of a refresh.
Reed’s team’ll go in, completely renovate the exterior, add some amenities, beautify the pool and the landscaping, et cetera; then, as tenants naturally move out, they’ll pimp the interior, one unit at a time.
As they do all this, obviously, they’ll begin charging more for rent, which increases cash flow, which lifts your return over time.
Book a call with Reed if interested.
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