First multifamily purchase advise

[Jeffrey Fawaz]

Hey guys, hope everyone’s doing well this morning. I’d like to get some thoughts and advise from folks that made it from zero in the multifamily world. I’m 28 years old, I’ve been in real estate for the past 6 years; own a brokerage firm in Houston and have been in development (spec homes development ) as well. My partner and I are at a point in our career where we’d like to consolidate and choose the best route for our future where we can start building lifelong wealth and cash flow through multifamily investing and syndicating. Even though we do own a ton of real estate, none are rentals at the moment.

Can you guys give me personalized advise on what the best strategy to start is? We’ve been to Rod Khleif’s 3 day boot camp, listen to a ton of podcasts for quite some time now and network with others in the industry. We also have lots of funds awaiting from investors and people we know. We just need to start finding properties that are not overvalued and where we can add value to and reposition/rebrand etc!

As you all probably know, it’s not easy to find. Would you recommend looking at different markets as well? Do you think having a criteria of no less that 40 doors is a wise decision? We really want to go big.

Any advise you can give me would be very beneficial. I’d like to hear anything and everything you have to say.

Look forward to meeting some of you!

Jeff