CP2: How to scale your multifamily portfolio using creative financing with Duc Ong

As a real estate investor, Duc is a partner in 732 units across 6 states. He is a limited partner in a 114 unit apartment complex in Atlanta, GA, a 310 unit community in El Paso, TX, and a 192-unit in Longview, TX. As an active investor, he owns a single-family rental property in Anaheim, CA, 15 units in one JV in Pittsburgh, PA, 52 units with Tri-City Equity Group in Saginaw, MI, and 48 units as a GP in El Paso. He owns a personal residence condominium in Honolulu and is under contract on a new construction condo unit in Kaka’ako. His broad experience as a real estate investor and real estate agent on Oahu allows him to assist the team in various aspects of operations, marketing, and finance. Duc is also a licensed realtor on Oahu, with over $17M in career sales volume. He specializes in working with investors.

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[01:45] How Duc got started on his journey to earn passive income with Real Estate

[03:14]  How Duc decided what route to take

[04:10] Pricing: Multi family property VS Single Family property

[05:22] Why are you trying to build passive income?

[07:38] How did you know what actions to take when you made the jump from Single Family to Multi Family?

[08:59] What are your cashflow goals?

[11:00] Where are you at currently in achieving those goals?

[08:59] What are your cashflow goals?

[12:38] What is the best/most worthwhile investment you’ve made?

[16:18] What is the worst advice you see in the Real Estate Investing World?

[17:40] Partnering: How important is it?

[20:00] Any obstacles that you faced in your journey as an investor? 

[22:20] What advice would you give to your 20 year old self as far as Real Estate Investing? 

[24:00] Any major failures that set you up for success later? 

[26:52] What advice would you have for someone struggling to get started but wants to?

[28:00] What separates successful investors with those that fail?

[29:07] Are there any books you can recommend for those people that are just starting?

[31:20] Do you have any requests for our audience? 

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