Relationships and Networking 💥

[Jorge Abreu]

When it comes to finding deals in real estate, particularly in the multifamily sector, it's not as straightforward as browsing online listings. It calls for a more traditional approach. Investors who work with large brokers benefit from their crucial role in the acquisition process and their ability to access off-market deals. It's worth mentioning that these deals are not consistently listed online or in real-time.
To succeed in this field, it's crucial to build strong relationships with brokers and ensure that you are always on their radar. From my own experience, brokers have proven to be invaluable sources of industry insights and connections. They stay well-informed and have access to exclusive information that may not be readily available to others. 📄

My journey in real estate started with a hands-on approach, where I actively reached out to property owners. We obtained lists of owners in the desired locations and began reaching out to them via phone. By taking a proactive approach, we were able to successfully close our first two deals and establish a solid track record. Consequently, our company began attracting a greater number of potential customers.
When it comes to market selection, making wise choices is crucial. It would be wise to concentrate on three markets simultaneously and thoroughly assess their population and job growth. With a market boasting a population of over 100,000 and a track record of consistent growth, there is a sense of stability when it comes to investment opportunities.

One of the errors I made in the beginning was allowing emotions to influence my decision-making. Finding profitable opportunities in my hometown of Dallas proved to be quite challenging due to the exorbitant prices. By prioritizing the data and broadening my search to different markets, I managed to achieve success. It is essential to prioritize data over emotions when analyzing deals, just like an investor would.
When it comes to the real estate business, many people tend to let their emotions cloud their judgment and underestimate the importance of building strong relationships. It is crucial to set aside emotions and concentrate on the numbers. In addition, it is crucial to establish strong connections with brokers. They serve as your trusted advisors, offering valuable insights and exclusive investment opportunities.
If you're looking to find developers who specialize in building and selling, I suggest utilizing platforms such as LinkedIn, reaching out to them directly, or contacting their respective companies. Often, smaller developers who are not owner-operators miss out on potential value, and establishing connections with them can open up profitable opportunities.

Looking back, I can confidently state that relationships and networking have played a crucial role in my achievements. Working closely with brokers, vendors, and partners has given me access to exclusive off-market opportunities and invaluable industry knowledge that I couldn't have obtained elsewhere. In this industry, establishing strong connections is crucial for success. Building relationships will give you a competitive edge.

Establishing strong connections with brokers is essential. We are their top choice when it comes to sealing a deal. Seems to be a priority for you, huh? These brokers are likely present in various circles, serving as your reliable sources of information.🙌