Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

This place almost made me 🤮#realestateinvestment #propertyinvestment #investing #viralvideo

26 May 2025 · 1 min

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1:02

In this video, real‑estate investor Christian Osgood responds to online critics who called him a slumlord by showcasing a newly acquired, severely dilapidated mixed‑use building in downtown Ephrata, Washington. He walks viewers through the property’s horrendous condition—broken toilets, wrecked bathtubs, burned cabinets, failing electrical and plumbing, and overall slum‑like decay. Osgood then outlines an extensive renovation plan that includes replacing all electrical and plumbing systems, installing new windows, flooring, appliances, vanities, toilets, and showers across six upstairs residential units and three large ground‑floor retail spaces. He also reveals that he owns the adjacent building sharing the parking lot and intends to assemble the two properties, likening the process to a Monopoly game, to create a larger, cohesive development that will improve the city’s downtown area. The video’s purpose is to demonstrate his commitment to turning the slum into an “epic” property and to justify his investment strategy.

Chapters

All right, for all those who heckled me online for being a slumlord, this is a freaking slum. I just bought this and I'm going to turn this building around. Look how nasty this place is. If you walk through the building, I sped this up so we can get all the way through it, but the toilets are gross, bathtubs are wrecked, uh, there's going to be a cabinet in here that you're going to see that's like completely burned out. This is a slummy property that has been run by a slumlord for a very long time, actually run almost all the way into the ground. Replacing the electric, plumbing. We're getting into these units, we're going to make them beautiful. New windows, floors, appliances, vanities, obviously toilets and showers getting replaced. It's 6 units upstairs, and downstairs are 3 very, very large retail spaces on the main part of downtown Ephrata, Washington. We are taking a very beat-up building and we're going to make it epic again. As a bonus, I own the other building that shares a parking lot with this. We're putting together an assemblage. This is like a Monopoly game here. We're adding pieces of the board, and we're making the city a better place for it. Is it a slum today? Abso-freaking-lutely. That's why we bought it. We're going to fix that, though.