How to Build a 1000+ Unit Real Estate Portfolio While Working Full Time Ep19

Описание: In this episode of the Path to Passive Podcast, host Steven Arita interviews Chris Lento, founder of EM Capital, on how he went from a mechanical engineering W2 to building and scaling a multifamily portfolio of roughly 1,000 units through disciplined underwriting, operational systems, and investor-first communication. Chris breaks down his early “house hacking” start in Boston, the long ramp from small residential assets to a 24-unit out-of-state proof point, and why he ultimately left his job once commercial acquisitions demanded business-hour intensity. The conversation dives into EM Capital’s focus on B-class-and-above value-add deals in the $15M–$60M range, the key underwriting “levers” (rent growth, renovation premium, and especially exit cap rate), and how the team stress-tests assumptions with sensitivity analyses. Chris also explains why EM Capital prefers fewer, more sophisticated LP relationships emphasizing transparency around projections, alignment through preferred returns, and consistent post-close reporting while highlighting the economies of scale that come with larger assets and on-site operations.

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•Website: https://emcapitalgroup.com/
•Connect with Chris Lento:   / christopherlento  
•Connect with Steven Arita:   / aritasteven  
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