All Forum Posts by: Jeffrey Donis

@Spencer Gray

Yes! I agree, focusing on the investor base is a very important part of the business. An issue we do run into is finding creative ways of attracting these investors- however we are being patient and are focusing on building our foundation correctly while working diligently on building that investor base.

Thanks for the tip!!

@Michael Orlando

Great points!!

3-4 did stand out to me as well- what my partners and I have started doing is designating certain roles to each individual and holding them responsible for reaching those specific goals each week. This was we are not only moving forward but going the right direction as well.

Thanks for the input!!

@Charles Seaman

Love this!!

I have found that splitting up tasks with my partners has allowed each of us to focus on those specific items which makes it more effective and efficient. We are able to become “experts” in it and when we meet we bring what we learned back to the table and share it with each other.

Great advice !! Something that stood out was not forgetting about investor relations- a lot of people in the SFH sector would tell me all the time "a good deal will attract money" however now being in the MF space attracting capital to these types of deals is a lot different. I agree that a lot of people do overlook this aspect of the process which will only make it more difficult to close on a deal once you do have one which can potentially harm your relationships with brokers and other members of your team.

Thanks again!!!

@Rick Martin

Awesome!!

I agree, finding what you enjoy doing makes it more likely that you will get it done and do it well.

Regarding roles, is this something that you find will change over time? As in, 1 month you may have certain tasks and the next you are doing others? Perhaps due to changes in the amount of the deals your team is doing could potentially cause this?

Thanks for the input!!

@Holly Barrett

Great insight!! Thanks for the response.

Do you find that deals on Loopnet are typically ones that have been passed on due to various reason (but good reasons) ?

Thanks!

Hey all!

For any and all who have any advice/input/experience that they feel would help someone who is new to the multi-family space- please share! I personally feel like this is a space that has a high barrier to entry and the knowledge available can be hard to find! Platforms like BP are a great aid- and for all of us on this platform- what is something that you wish you would’ve known starting out? What are somethings you have learned from it/through your multi-family journey?

Thanks!!!

@Jobin V.

Hey Jobin!

Here are a two books I recommend- ABCs of real estate, Best ever book by joe Fairless- taught us a lot about the commercial space!!

Thanks !

@Anthony Torres

Awesome! Best of luck and I look forward to staying connected!

@Basit Siddiqi

Thanks for the input! We understand that it is going to be a time commitment, however unlike wholesaling where it is transactional, we will be making passive income off of the asset. You are right I may have misused the word “passive” - I could have been more clear on that. Thanks for pointing that out!