All Forum Posts by: Jeffrey Donis

Hey @David Gubb 

You should look into attending the Fire Summit with Think Multifamily. It's an event December 3-4, 2021 in Frisco, Texas. The event will have a TON of great and experienced syndicators looking for people like you to connect with. I'm a firm believer in getting to know your sponsors before investing with them, and you'll have plenty of opportunities to get to know sponsors at the event. 

I've been to another Think Multifamily event earlier this year, and I made lots of great connections with syndicators. 

Let me know if you have any questions, or if you'd like to know more about my experience. 

Good luck!

-Jeff

Hey @Lucia Lilac,

Congrats! This sounds like an amazing opportunity to launch your real estate investment career.

If I were you, I'd start by asking yourself how involved you want to be. As a multifamily investor, I'd encourage you to look into apartment syndications. Now, assuming this is what you want to do, you have two options:

1. You can be an active investor. Active investors, aka sponsors, aka general partners, build relationships with commercial brokers, find apartment deals, underwrite them, conduct due diligence, raise capital, manage the asset during the hold period, and communicate with investors along the way :) 

If you're interested in being an active investor, I'd encourage you to find a mentor. A good syndication mentor will partner with you, and you should have DIRECT access to the main mentor (beware coaching programs where the main mentor has "coaches" working under them). My mentor gives me direct access to him, and he partners with me on deals, and allows me to leverage his track record for credibility. That is the TRUE value in a mentor. I'm part of Think Multifamily, with Mark and Tamiel Kenney. 

2. Or, you can be a passive investor. Passive investors provide the equity/capital needed to close on a deal. Passive investors do not have control of the asset, but, depending on the deal, they receive cash flow, tax benefits, depreciation benefits, and a more "hands-off" way of investing in multifamily real estate. Through this, you can also learn the ins and outs of multifamily investing, and ask the lead sponsor questions throughout the deal. Look at it as an educational opportunity to learn as much as you can in real time, while still receiving the many benefits of being a passive investor. You are able to "fly on the airplane before flying the airplane," so to speak. 

Let me know if you have any questions about mentorships, which networking events to attend (look into the FIRE SUMMIT with Think Multifamily), or if you have any questions about the difference between being an active and a passive investor. I'd love to help out in any way.

Best of luck!

-Jeff

Hey Nicolas,

It's nice to connect with you on BP. I'm Jeff. My brothers and I were in similar shoes as you are in now when we were starting out in the multifamily space. I commend you for making a post and putting yourself out there. 

I'd encourage you to start attending networking events, and looking for a mentor who can help guide you. Great mentors can help you cut your learning curve, and expedite your journey to your first deal. 

I joined Think Multifamily, with Mark and Tamiel Kenney, and since joining, we've gotten into multiple apartment syndication deals by partnering with Mark and other members of the group. 

They're having an event in December, called the Fire Summit. There, you can meet syndicators, potential partners, investors, mentors, and just pick the brains of more experienced investors who have been in your shoes. Investing in relationships will have an infinite return, because real estate is all about who you know! 

Let me know if you have any specific questions you'd like to ask about how I got my first deal, syndication in general, or if you want more advice for a newer investor, I'd love to see how I can bring you value. If you have any questions about the group, or the Fire Summit, you can check them out here. https://thinkmultifamily.com/f...

Best of luck, Nicolas! There is an abundance of opportunity in multifamily syndication, if you know where to look :) 

-Jeff

Hey Dave! I live here in Durham, NC so not to far from Winston. I have found that partnering up with my mentor has helped me out tremendously. We target larger multifamily properties but we do look for deals here in NC. If there is any way I can help please let me know. Feel free to PM me if you'd like to chat! 

Hey David! A lot of great recommendations have already been given- one that I really enjoyed was Ken McElroy's ABCs of REI.

Hey Lawrence,

I think there is a lot of value that you gain from joining a group/finding a mentor. I joined Thinkmultifamily and I have really enjoyed it. Feel free to PM me if you want to learn more.

Best of luck with everything!

Hey Gary! Great to hear you are getting started in multifamily. Here are some resources that helped me out a lot-

Best Ever Real Estate Syndication Book by Joe Fairless

ABCs of REI by Ken McElroy

Podcasts: Thinkmultifamily 

The Real Estate Monopoly Podcast (mine)

Michael Blank's Apartment Investing

Multifamily Launchpad

Multifamily Wealth Podcast

Best of luck!

Hey Jonathan! Any way I can help, let me know. I live here in NC and started at a young age as well...PM if you'd like to connect offline. Best of luck!

Hey Tim! I think that would be a great idea. I live here in Durham, NC also so not to far from you!

Sure thing!