Multifamily real-estate investing strategy: Advantages of syndication - Business Insider

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Bruce Petersen spent 18 years in the retail industry before amassing a real estate portfolio with nearly 1000 units. Here's the investing strategy he's using that's 'head and shoulders better' than a traditional approach.

," knew it was time to throw in the towel on his conventional 9-to-5 career when each day became more and more demoralizing. . "So I did that until I just couldn't do it anymore."

"I hated everything about my life," he said. "I didn't have a girlfriend. I didn't have a wife. I didn't have kids. I didn't even have a pet. I had nothing. And all I was doing was working." "So I said, 'Well, let me figure this thing out,'" he said. "I just did a search for a mentor in central Texas, which is where I live. And I found somebody that would teach me how to do it."

"I converted my Roth IRA, my traditional IRA, and I pocketed it," he said. "Paid the taxes, paid the fee, the penalty and went all in."

 

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