All Forum Posts by: Elijah Vo

Hi @Juan Pablo Murillo! I wouldn't say that there's a set number of passive investments that you need to complete before you sponsor/syndicate your first deal.  You just have to educate yourself and find the right partners who compliment your weaknesses.  Education and partnering will help you level up and find & close deals.

Also, I agree with @Chihiro Kurokawa 100%.  Mark and Tami of Think Multifamily are phenomenal mentors, partners and friends!  I am a TMF member and I closed my first deal last year and I'm under contract to close my second next month.  

They have a syndicator's event called the Fire Event on March 30-31st.  It is an excellent point to network and learn.  You can also reach out to me and I would be happy to share my journey with you!

Good luck my friend! 

Hi Pramond!  I agree with @Luke Miller and others here...continue with the education and one of the best conferences (my opinion) is Think Multifamily's (TMF) Fire Summit, in Dallas, TX which is coming up March 30-31st.  I'll be there and you'll be able to network with other syndicators and other industry professionals. 

TMF is ran by Mark and Tamiel Kenney and they have done a great job building a close-knit group of "family syndicators," which seems like something you're looking for based on your comments.  They're very open, so I would recommend you reach out to them as you're comparing groups, conferences, etc.

Also, I started about 2yrs ago and I've closed a 2 bigger deals.  To be honest, the 2nd deal will close next month, but I've just started my journey and wouldn't mind sharing with you. 

I hope to hear from you! If not, good luck my friend!!!

Hi Gregory, like everyone else I wanted to say good job and welcome to REI!

About 2yrs ago, I transitioned into multifamily with the first year of that purely education...so, I dig what you and everyone on this post is saying about your education.  It looks like you've spent a year educating (and you already have the ambition), so it looks like you're on the edge of committing yourself...awesome!  Education is an ongoing process...however, you'll never have 100% of the information, so don't over educate.  Trust your numbers and your gut and jump in!

Anyways, in the last 12mos I've closed a 114 unit apartment complex and I'm under contract for another 212, which should close at the end of Feb, early Mar.  There are tons of lessons and tips/tricks that I could write all day about, but one of the biggest factors that helped me was joining an investing/mentoring group called Think Multifamily, which is ran by Mark and Tamiel Kenney out of Dallas, TX. 

I like what others have said about finding REI groups, Meetups, etc. to surround yourself with like-minded people. This has been key to help me bounce ideas, overcome obstacles, and hold me accountable. Anyhow, if you want some insight into the MF space, how I started, how I structured the deals, etc. let's connect!

Otherwise, good job and good luck my friend! 

@Ryan Tuck, I don't know about Cardone Capital, but we syndicated our first 114 unit apartment deal back in July and we're working on another currently, so I can speak on syndications.  I would say it's very possible to invest $30k into a syndication, but there are a some things I would consider:

1. Are the sponsors professional, trustworthy and ethical?

2. What are your goals? Syndications are great if you don't have the time to hunt down deals, actively manage a property (or property mgt. company), etc.  But, if you do have the time and you want more control, then you may consider being a sponsor/GP. In fact, I worked full time while we closed our deal. It wasn't easy by any stretch, but it can be done! 

However, passively investing is also a good way to learn the ropes to become a sponsor/GP.  

3. What is your risk tolerance? You should understand the risks involved in the deal and the sponsor's business plan, but typically, when you invest passively, you don't have to bare the same burden's as the sponsors.  

I could go on, but if you want to know more about syndications, passively investing, or how we structured our last deal, please PM me and we can talk more!       

@Ashwani K., first I wanted to say thanks to @Omar Khan for the shoutout!  But, he's correct...we run a we a local multifamily Meetup in Plano and Grapevine.  If you're interested, you're more than welcome to attend!

@Hoa Nguyen, I agree with many of these posts that it's important to educate yourself and critical to know the syndicators you're passively investing in.  Mark and @Tamiel Kenney would be great contacts for you both of these.  They run a multifamily investing group out of Dallas called Think Multifamily; you can contact them directly or go to their website for more information. I've been working with them for over a year now and I consider them great partners and good friends. 

Anyways, I also co-host a Meetup in Grapevine for them and they also have one in Plano as well, which you're welcome to attend at no cost.

Good luck and let me know if you need anything!

Armando, first I want to say congrats and welcome to the investing world...good for you! 

Second, I'll have to agree with the others that your education is key. However, try not to fall into the common trap of over educating/analyzing. Remember, education leads to action!

Third, you can do what we did and find a mentor and join a local investing group. These people help you grow through education, support, eventually JV with you, etc. We joined a group called, Think Multifamily. It's ran by a couple named Mark and Tami Kenney out of Dallas. They own about 1900 units and are down to earth. You could reach out to them or I could help connect you, if you like. They actually have a two-day training event in Oct that focuses on apartment investing and syndication...my wife and I are attending, so hopefully we'll see you there!

If you are in the Dallas-Fort Worth area and have a desire to invest in apartments, then you owe it to yourself to become educated and surround yourself with like-minded people.

Have you always wanted to invest in Real Estate, or wanted to transition from Single Family Real Estate to Multifamily Real Estate Investing? Come and learn from some of the industry's best. We want to meet you! We are more than happy to answer any questions you may have. Come ready to learn and to network with some really great people!

Mark and Tami Kenney are invested in over 1900 Multifamily units and continuing to grow their portfolio.

Bring a friend...Heck, bring lots of friends and you can all learn together!

The very best investors have a great team and mentors around them, and they network with other like-minded individuals. Come share your thoughts, ideas, and questions with us and learn how to be financially free.

Please visit our website...thinkmultifamily.com

Want to register for our two day event?

@Steve Shedd absolutely, we can meetup for dinner or drinks when I get back. I'm also apart of an investing/mentoring group called, Think Multifamily; it's ran by Mark Kenney and @Tamiel Kenney in Dallas.  They're a great couple and are full of knowledge and advice.  We're always here, so good luck and I hope to hear from you!     

@Kevin Dam, Welcome to BP and the Dallas market!  My wife and I are investors in DFW and have recently teamed up with a couple named, Mark and Tamiel Kenney; they run an investing/mentoring group out of Dallas called Think Multifamily. We consider them excellent friends and would recommend them if you're looking to expand into the DFW area.  You can PM me anytime for more details or contact them directly through BP...I'm sure they would love to hear from you!   Anyways, I hope to hear from you soon and good luck!