Adam A. Adams, also known in the real estate community as Triple A, has educated...
Adam A. Adams, also known in the real estate community as Triple A, has educated thousands of investors through real estate conferences, radio & podcast interviews, his coaching program, and his thriving Meetup group. In this episode of The Wild West Real Estate Show, Adam sit’s down with Mark to talk about attracting capital, branding, and the pitfalls of investing in high cash-flow markets.
Today Adam is partnered in 7 multifamily syndications with approximately 1,400 doors valued slightly over $100 million. His company, BlueSpruce Holdings, focuses on finding and managing apartment communities to allow passive investors diversification, cash flow, tax benefits, and freedom of time. Adam’s primary role in the company is to attract capital, successfully raising millions of dollars from private investors. He continues to grow his company’s brand as one of the top syndication teams in the United States.
What You’ll Learn In Today’s Episode:
- Adam credits much of his success to persistence, and this is evident from his story. After losing his first multifamily, purchased in the height of the great recession, Adam took a break from multifamily to focus on other aspects of his businesses, but never gave up. After jumping back into multifamily in 2016, he was able to scale his multifamily portfolio and syndication business, none of which would have been possible if he had thrown in the towel. In the words of his parents, “if you start something, you’ve got to finish it.” This persistence is shown in all of his endeavors, from business to podcasts, meetups, and conferences.
- Adam followed his early mentor’s advice to look for high cap, high cash-flowing properties throughout the county. This led him to some tertiary markets that, while delivering good cash flow, did not perform as well overall as properties bought in solid, more established markets. Investing solely for cash flow can lead you to some risky, undesirable places.
- Adam realized that in order to grow his syndication business, you had to get the most amount of people possible to know. His strategy is focused on building his thought leadership platforms, through his podcast, conferences, and top-rated meetup. “If you only know ten people, at most ten people will invest with you.”
Ideas Worth Sharing:
“I never used my degree, I went straight into real estate investing and owning my business.” – Adam Adams
“The best ones [deals] are in solid markets with one million people in the MSA.” – Adam Adams
“How do we get the most amount of people to know us?” – Adam Adams
Resources In Today’s Episode:
Books Mentioned In Today’s Podcast
- Rich Dad, Poor Dad by Robert Kiyosaki
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