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Who is this man and why is he smiling?

This man is Bijan Gorji, a real estate investor based in Sarasota, FL. Bijan is a special kind of investor though. Bijan invests solely in one asset class–one often overlooked by other real estate investors–residential condos.

Bijan believes that residential condos as an investment asset class have been an unfairly neglected market for too long. Where others see problems, Bijan sees potential… and it is paying off well for him. Since moving to Sarasota from California in 2012, Bijan and his wife have acquired a portfolio of over 35 residential condos with plans to continue investing in more residential condos. This episode, Bijan will discuss why he settled on residential condos as his chosen asset class and why it should appeal to investors from a financial standpoint along with providing a brief overview of Sarasota’s real estate investment market.

• Pros of Investing in Residential Condos
  • Easy property-management compared with single-family
    • Low upkeep costs
    • Ability to self manage properties
  • Tenant profile allows fluid leasing
    • 1-2 bedroom units to working professionals or grad students; no families
    • Tenant turnaround quicker
  • Buy-and-hold investment w/ monthly cashflow
  • Hands-on investing allows oversight over all facets of investment
• Investing Tips
  • Check HOA regulations for condo before investing
  • Find properties within driving distance if self-managing
  • Finding tenants is biggest issue with residential condos: list on Craigslist, Zillow, Hotpads, etc.
• Sarasota Market
  • Huge amounts of construction (Multi-family and Single-family)
  • Rents steadily increasing across all sub-markets
• Inspiration
  • Residential condos offered stable investment asset class
  • Rich Dad, Poor Dad – Robert Kiyosaki

If you think you have an investment deal or if you have more questions about how to make money investing in residential condos, contact Bijan directly by email at bgorji@gorjillc.com

The post Ep. 95 Bijan Gorji: Making Money with Residential Condos appeared first on Real Estate Investing in Florida.