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Updated almost 2 years ago on . Most recent reply
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Our little business is ready to grow up!
FRIENDS, MY REI BUSINESS IS EVOLVING! Long post alert but for those that care, here it is. I am back in class learning how to raise capital, and acquire and structure, multi-family (apt) deals. I have loved real estate since I was old enough to understand what it was. My new 4 awesome mentors are teaching me how to properly structure deals, raise capital, and put the right people in the right seats. Including my own booty. Fortunately, in the past, I got lucky and did 2 (30 unit) apartment complex deals with my wife's help and a very very good attorney that's retired now. So I had somewhat of an understanding of the mechanics of how buying apartments works. This post is actually part of an assignment that forces us out of our comfort zones and opens us up to the engagement. I have been a lone horseman for so long that this (partnering stuff) is really different for me, but necessary for growth and longevity. I have a skill and proven track record of finding amazing, off-market, residential properties that have provided me and other experienced investors with some pretty good returns year over year. The only difference with this is that the buildings will be a little bigger. Ok, A LOT bigger, and the checks we write will have a few more commas at the closing table. Same concept with a few extra people and steps involved, but I have met some amazingly smart people on this journey that are ready for me to take my skills to the next leg of this journey. Thanks to everyone's support that has believed in me/us in the past, has purchased a deal or has sold me a house. We are not leaving behind what we do and love, just adding on some new skills, amazing talent, and incredible partners that have been waiting for our next move. SEE YOU AT THE TOP!.