417: Buy At The Right Price And Manage Everything In-House

Buying properties in satellite markets within short driving distance to secondary or even tertiary markets can produce alpha returns, especially when buying them from older owners. Often times, these owners aren’t current on what their properties are worth, and their rents are significantly under market. To make money on these properties, however, you still need to buy them at a discounted price. Farris Gosea, Founder and CEO of Farris Gosea Capital, has amassed an impressive portfolio of multifamily apartment buildings in Northwest Indiana, a market that has become a commuter market of Chicago. Farris has a vertically integrated company that controls all aspects of maintenance, construction, and leasing.