315: Tight Geographic Focus Yields Results

In any business, economies of scale result in more efficiency and profitability. Multifamily investing is no different. Instead of operating in multiple markets and managing several different management companies, you can streamline your efforts while reducing risk and generating better returns by focusing just one of a select few markets. Having a presence in fewer markets can also make acquisitions easier as you establish a stronger presence in the local broker community and gain access to more off-market deals. Mike Roeder, Co-founder of Granite Towers Equity Group, has 2500 units mostly in Dallas Ft Worth and more recently Nashville. Mike’s plans for the next couple years are to double down in these growing markets.