Hello all - multifamily is "Pay to Play" - Which Multifamily GP operator as Mentor?

[Nicole Wang]

I heard the multifamily space is "Pay to Play". What Multifamily GP operators as coach / mentor would you recommend to partner with for hands-on deal experience in the Texas triangle? How can I bring value to them as a new investor.

Me and my partner have purchased, renovated and operated multiplex (triplex) properties in Canada. Now we are looking to purchase our first Multifamily apartment deal. First time syndicator.

At the moment, we are focused on equity raising and deals sourcing, and plan to partner with experienced multifamily operators on a deal in Texas. We have some contact here in Canada who have closed on 100+ unit multifamily deals in the Texas region.

We are focused on 75-200 units, class B+, with 7% go-in cap rate. The plan is to buy it, rehab it, refinance then pull out capital to the next deal one. 

Open to feedback or suggestions. Thank you all!

[Gino Barbaro]

@Brian Burke

It depends upon the education company. It seems as if we're one of the only groups out there that sign up students, and don't pitch them our deals. We don't raise from students, the students are there to learn and use the community to share and partner up.

I find it disingenuous when all educators are lumped together. We aren't all the same, and I've seen more than one market cycle. 

Choose your community wisely. I would not be here without joining mentorship groups back in 08 and learned the business. Joining does not guarantee success. You need to put in the work.

We've got to catch up Brian! Haven't seen you since you spoke at MM4!

Gino