Mentorship for Multi-Family Investing

[Jessica Lontayo]

Hello everyone!

I am interested in multifamily investing, and am interested in investing in mentorship. Any suggestions? I know Pace Morby seems to be the most popular choice. Would love to hear pros, cons, success stories, etc regarding what mentorship program has worked for you. Thanks! 

[Jeffrey Donis]

Hey Jessica,

We actually are part of Pace’s SubTo Mentorship program, but haven’t been active in it for a while. I do know that Pace has a focus on “subject to” and creative finance properties. He and his students have also done some smaller multifamily, but he’s definitely becoming more involved in the multifamily space. If you’re looking for a mentorship program that will help you learn to structure creative finance deals and with a main focus on single family, I’d say Pace’s program is a great option! I do know they offer multifamily sessions too, but haven’t been on myself.

Now, if you’re looking for a program specifically tailored towards multifamily investing, specifically apartment syndication, then there are a few other programs that will be a better fit in my opinion.

But before you commit to any group, here are some questions you should consider:

- Does the group give you access to other students?

-Do you have direct access to the "Mentor" or are you going to have a “coach” who works under the mentor?

-Does the mentor partner with students, or do they just offer education?

-How many deals is this mentor actually doing?

-What kind of relationship will I have with the mentor?

My brothers and I looked into multiple different apartment investing mentorship programs, and we ended up going with Think Multifamily in early 2022. Before that, we’d done a few wholesale deals and a flip in the single family space.

We decided on Think Multifamily after meeting some of the students, speaking with the founder Mark Kenney, and determining that it was the right fit for us.

Since joining the group, my brothers and I have been partnered on 5 apartment deals and recently closed on our first deal as lead sponsors. I only say this to show you what is possible when you find the right program for you.

Keep in mind that this group (or any group) isn’t for everyone. Some people want direct accountability coaching. Others want a mentor who will partner with them. We chose Think Multifamily because Mark partners with his students. But he doesn’t hold our hand, and any deal we do with him has to meet his criteria. The group has been known to turn people away as well, because it isn’t right for every investor.

Hope this helps you. Good luck!

@Jessica Lontayo