My real estate mentor Tariq Sattar
January 27, 2021
I tell my kids that it’s important to find the smartest, caring people to mentor them, throughout their lives, whether it be a parent, teacher, boss, colleague or advisor. I’ve been blessed to have many exceptional advisors in my career.
One of them is Tariq Sattar.
Tariq owns a portfolio of 200 homes and has invested passively in over 4000, raising $40 million+ in equity in past 7 years. Like me, he worked in management consulting prior to real estate and also in engineering.
In this episode, Tariq shares why he is all-in on multi-family workforce housing, including these great insights:
The affordability gap and the housing shortage that has continued to persist in the United States are factors Tariq considered in making investment decisions, making it absolutely crucial to understand your market
Tariq notes that the financing that is available to the multi family acquisitions was not available in any other commercial space he was looking at making that another unique aspect he thought about, but he recommends diving right into multi family real estate as long as the mentorship is there and the individual has a strong interest in it
When Tariq was doing a single family his goal was to have at least a couple hundred houses because you need to ensure you have a large enough scale to be successful because whatever budget or whatever you assume going into work will be wrong every time, so expect and welcome surprises
Tariq’s bio: https://www.linkedin.com/in/tariq-sattar-7073a08/,
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#10Cs #saneng #skytiancapital #multifamily #realestate #TariqSattar