All Forum Posts by: Adam E.

 See you there!!

📆 Tuesday, May 26th 5:00 PM Pacific

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What if I told you that you were just a few meetings away from changing your life?

The biggest obstacle new investors face when trying to get started in multifamily is the money. How do I meet people who have money, where do I look, what do I say, and why would they invest with me?

Kyle had to face these same questions at 20 years old and, in order to overcome them, he developed a unique system to generate and conduct investor meetings. This system breaks down raising capital into simple daily and weekly actions. Allowing you to stay focused and have confidence that you are moving in the right direction every day.

When we focus only on the end objective of raising hundreds of thousands or even millions of dollars it can be very overwhelming. It's hard for us to wrap our head around such large numbers, so to combat this Kyle breaks down the amount of meetings it will take you to raise your desired amount of capital. Then he teaches you exactly how to get these meetings with daily and weekly action steps.

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WHO IS THIS FOR?

✅ Never Done a Deal - People who have never done a real estate deal and just want to start.

✅ New Multifamily Investors - Have some experience in residential real estate, but want to do a multifamily deal.

✅ Experienced Investors - Have done a multifamily deal and raised capital before, but wants to take it to the next level.

✅ Anyone who wants financial freedom!

LEARN KYLE'S EXACT SCRIPT FOR INVESTOR MEETINGS

✅Focus on Meetings not Millions framework

You will learn exactly how many meetings you need to have in order to do your first million-dollar raise in just 10 weeks.

✅ How to generate Investor meetings

You will learn the exact daily and weekly steps to take so that you can generate investor meetings every week, consistently.

✅ The benefits of multifamily real estate

We will dig into these 4 main benefits: Security, Control, Proven, and Tax Benefits.

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HOW TO OVERCOME THE 7 MONEY OBJECTIONS

1. I don't have any money!

2. I didn't grow up rich!

3. I don't know any wealthy people!

4. I don't know where to begin to look for people with money!

5. Why would they invest with me? (i’m too... young, old, inexperienced, shy, loud)

6. How do I talk to ‘rich’ people?

7. It's going to take me forever form these relationships and raise the money

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ABOUT YOUR PRESENTER

Kyle is an expert at raising capital. He was able to raise over half a million dollars and close his first deal in just 4 months at the age of 20 years old. Since then he has grown his real estate portfolio to over 5.5 million dollars and is taking on students to teach how to do the same.

Kyle helps new investors buy their first deal in under 12 months without using any of their own money. At 20 years old, Kyle was able to raise over 1 million dollars so he has seen all of the obstacles that new investors will face and has developed proven systems to overcome these barriers to be able to do huge deals regardless of age or experience.

While still a student-athlete at UC Davis, Kyle was able to syndicate over 119 units of multifamily real estate, valued at over 5.5 million dollars. Attributing this all to his grit, Kyle’s willingness to share his strategies for success sets him apart from other big investors.

@Ryan Johnson

All very valid points, and they all point to the shared nature of those hindrances. If we look at how Houston is getting hit, it can look rough. If we look at how Houston is getting hit compared to how hard everyone else is getting hit, it looks amazing. I'm jealous you already have roots planted there! lol

@Alex Merkel

Hi Alex! Great to see young people interested in REI. I dropped out of college after 6 months last March, turned 19 last October, and I've been working with a multifamily syndication company since February as part of the marketing team. There are ways to get into real estate without taking the traditional financing route. I'm in this position now because I was able to dedicate a lot of time volunteering at meetups and offering my help on higher and higher level tasks that I saw they could use some help in. I'm not saying there are opportunities like this for everyone, but I want to encourage you to take big steps toward your goals where you can see immediate impact; if your plan is to go to school to find a job unrelated to real estate so you can get a small increase in pay to be able to grow your portfolio a little quicker through the traditional route, I'd have to say it feels like a waste of time. If you hustle, you can find a dozen real ways to learn and make money in real estate now, so you can build experience, knowledge, and capital to get into better and better deals.

Choose one thing to focus on whether it be your schooling or your business and immerse yourself in it fully. It might be tough, but if you force yourself to only work on one, you will leave yourself with no choice but to succeed. 

Houston is BOOMING! I got to watch the replay of the webinar and I'm so glad I did because their new Groplex product looks like an absolutely amazing way to hedge against risk on the exit of the project. So excited to see more from them

@Tim Kaminski

Definitely keep calling lenders and look into helocs too. Look at bankrate and you'll see rates spiked but have come back down. Be patient and consistent and you'll get something good. But go get some liquidity now in case the opportunity goes away again

@Caleb Brown

I don't work anywhere near acquisitions, but I've heard now is a good time to build relationships with brokers and from what you're saying it seems like brokers might be needing some help keeping confidence in the market's long term health. What do you think? Is now a good time to be reaching out or are we in too much trouble?

The syndication company I work for just a couple days ago raised $9m for a $3m raise for a new construction in Houston. It's really appealing because, with the new construction, there won't be cashflow for at least 8 months anyway, so the fears of the pandemic are mitigated, plus it's located fantastically in Houston. If you're focused on the fundamentals and you're underwriting conservatively, a good deal can still be a good deal in times of uncertainty. Your projects will be affected no matter what, but if they can make even a little money in bad times, you'll be better off than having your money sit in the bank or stock market. 

For anyone interested, make sure the project's location fits your metrics for:

1. Population growth

2. Median Household Income

3. Median House or Condo Value

4. Change in Crime Levels

5. 12-Month Job Growth

Then make sure the neighborhood is exactly what you're looking for, and THEN you should start underwriting conservatively.

One of my close buds has done dozens of wholesale deals sight unseen because he lived in the market his whole life. His buyers however would get inspections done and check them out to make sure his estimates worked. Parts of it can be done with a lot of experience, but don't take any unnecessary chances. Good luck!

@Ashley Petersen

BRRR would be my go to for sure. The first steps are going to be to educate yourself on markets and asset management, then you should work hard to get good deal flow. Picking your market based off of real numbers is the most important thing to do. If you look up "Neal Bawa analyze a market" on youtube, you'll find videos of a couple presentations explaining exactly what metrics to look for and follow. The 5 city-based metrics are

1. Population growth

2. Median Household Income

3. Median House or Condo Value

4. Change in Crime Levels

5. 12-Month Job Growth

Once you've picked a city, look into the neighborhood stats, there are several more so it would be best to look into the video. Pretty much all of the data can be found on city-data.com

To learn about asset management, read David Greene's books and start building relationships with managers and deal finders or whoever else you want on your team. Good luck!