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E46: The Smartest Way to Invest In Real Estate w/ Dr. Harry Nima Zegarra
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Want to learn from a physician who found success through real estate investing?
In this episode, we sit down with Dr. Harry Nima Zegarra, as he shares his journey and provides practical tips for evaluating investment types, selecting reliable partners, and maintaining focus during market challenges.
As an owner of 11 properties in Dallas and partner in over 1000 multifamily units, Harry has navigated it all - from long-term rentals to syndication deals. Whether you're a healthcare professional looking to diversify or simply interested in commercial real estate, this episode is a must-listen for actionable insights from an expert in the field.
Here are some power takeaways from today’s conversation:
00:00 - Introduction
02:18 - Harry's background and medical training
05:36 - Getting started in real estate with long-term rentals
16:31 - Pursuing multifamily investments and larger deals
20:40 - Finding reliable partners and navigating challenges
37:27 - Tips for different real estate investment strategies
Episode Highlights:
[02:18] From Long-Term Rentals to Apartment Syndication
Harry discusses how he got his start in real estate investing with long-term single family rentals prior to the 2008 crash. As the market became more competitive, he explored commercial options like apartment syndication. He currently owns 11 properties in the Dallas area and has interests in over 1000 multifamily units.
[20:40] Navigating Partnerships and Overcoming Challenges
Harry stresses the importance of building relationships over time before large deals. It's crucial to align with those sharing similar work ethics and values. Regular communication during both good and bad times is key, as is having complementary skill sets. Harry maintains a long-term mindset, understanding real estate inherently has ups and downs.
[37:27] Tips for Different Real Estate Investment Strategies
When considering investment types, Harry emphasizes evaluating your goals, resources, and lifestyle. Active investments in single family rentals require more hands-on work managing properties, while syndications offer a more passive approach but come with liquidity constraints as investments are locked in for 5-7 years. Harry emphasizes considering factors like how much time an investor has available, their preferred level of involvement, and understanding the differences between active and passive investments.
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