100+ Units at 25 years old..

[Tyler Rayman]

I just listened to the recently new MultiFamilyMentors YouTube video “100+ Units at 25” with Alessandra Thompson and it inspired me to change. Change some of my thought processes; change some of my actions; change my routines.

Like Alessandra, I too am 25 years old, and in the beginning stages of my career in MFR investing. Unlike Alessandra, I have not yet taken that leap and committed to consistently using social media and real estate forums as a means to communicating with like-minded individuals, providing value to others, and subsequently growing my network as a by-product. But that changes now.

I started my career in MFR a little over 1.5 years ago. While I'd consider it a successful start, I feel like I'm just scratching the surface. My first acquisition was a 20-bed Assisted Living Facility (ACF/ALR), split between 2 different converted single-family homes outside of Denver, CO. I partnered with 2 family members to take that deal down in May of this year. The second addition to my portfolio came in the form of an 88-unit in Wichita Falls, TX that I helped raise money for in exchange for part of GP. Currently I'm working on my 3rd acquisition, with an LOI out on a 37-unit townhome in West Virginia, hoping to get under contract this week.

While I’m proud of what I’ve accomplished thus far, I can’t help but point out some fatal flaws in how I’ve been operating:

1. 1. I’ve never consistently followed through on engaging other investors on forums/sites/groups like BP/etc
2. 2. When I have periodically reached out to others, I’ve been more of a ‘taker’ as opposed to a ‘giver’
3. 3. I’ve used my age and experience-level as excuses, often telling myself “I don’t have anything to offer them

I’m still working through these flaws.. and trying to create actionable steps to help get over those hurdles. Outside of creating specific daily/weekly routines and goals, I’m still a little fuzzy on how I plan to proceed forward. I think a key ingredient is being disciplined with time; making myself set aside the appropriate time to write/read posts, ask/answer questions, and overall engage others. (This alone took an hour to write ha). But let this post be a step in the right direction, and a commitment to myself that the time to change.. to grow.. to evolve.. is today.