Meet Eric Chadderdon, a serial entrepreneur whose passion and drive for real estate has led him to impressive heights in the field.
Making a significant switch from running a solar company to becoming a key player in the multifamily investment space, Eric has made strides to fulfil his mission to find a better way to build wealth in real estate.
Testament to his dedication, Eric has successfully scaled his portfolio to over 1300 doors and counting, all within a short span of two years.
In this episode,we cover:
👉How to pivot from a previous career into multi-family real estate
👉The ins and outs of running a large business with your family members
👉 The importance of team-work and well defined roles within the business
👉 The importance of social media and why you shouldn’t wait to get yourself out there as soon as possible
About Eric Chadderdon
Eric Chadderdon is one of the Co-Founders and Managing Partners with Gibby’s Capital Investments, a real estate investment firm headquartered in Houston, Texas
Having grown up in and around real estate in Oregon, primarily in single-family, he later saw the transition to multi-family investments being the way of the future for him and his family
Eric has a Bachelor of Science in Health Science Studies and also General Business from Boise State University (Go Broncos!).
He spent over a decade in direct sales and management before making the transition full time to multi-family real estate. He’s made some of the strongest partnerships with other fast-moving, calculated, and successful real estate investment entrepreneurs. In the last two years he has gone from 0-1143 doors as a GP, owning just over $124MM of Multifamily Real Estate.
As the head of Investor Relations Eric provides investors strategic opportunities to diversify their portfolios with multifamily properties. He provides insights on market activity, cost segregation, bonus depreciation, property performance, and manages quarterly earnings as well as annual K1 reports.
Some key points:
(00:28) Eric’s background in solar and sales
(02:46) Why Eric got into multifamily real estate
(04:13) Getting the first deals and realising you need help running a business
(08:23) Jumping into business with family members
(09:25) Division of labour inside the business
(10:15) Start getting on social media sooner rather than later
(15:30) Relationships often make the deal
(19:56) Real-estate is a good business because it’s relatable (not not easy)
(25:13) The future for Eric and Gibby’s Capital Investments
(27:16) Do you need to have a background in the business before you get into multifamily?
(31:46) Closing thoughts & how to reach out to Eric
🌎Reach out to Eric Chadderdon
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🎤 Podcast post-production EZPZ Productions