All Forum Posts by: Jeffrey Donis

Hey Ben!

Hope all is well- what I would do is try to find someone who is doing what you want to do and has more experience and try to find a way to bring them value. You could run their SM pages, you could underwrite deals for them, literally anything they could find value in. The key is to bring it to them with out asking what you can do to help. Instead, bring up different things that you are ready to do and then commit to doing it with no intention other than the ability to rub shoulders/learn. Bring value to valuable people!

Hey Mitch,

Finding a mentor can be tricky. We found one that has helped us scale our multifamily business and I cannot stress how big of a role they played in helping us. Feel free to PM me and I can answer any questions you may have! Wish you the best. 

Great break down of the process!!! 

Hey Corvez!

I recommend finding out what exactly it is that you are looking for. The multifamily education space is very crowded so you want to find a mentor that will suit your needs. If you are looking to do smaller deals vs larger deals, it will be a different mentor depending on what you want to do. Feel free to PM me if you want to have a further discussion on how to pick a group that is going to be the best fit, would love to help. 

We buy for cash flow. Appreciation is more speculative than buying based on what cash flow a property will produce, so we never bank on a property appreciating. That is just a bonus. 

Glad to hear it!! It was a great read- I also recommend checking out ABCs of REI by Ken McElroy! Hope you have been doing well.

Yes, I will be there!

100% possible! 

I live here in NC and have not been able to find a deal where I live but I have been able to work on deals in other states here in the Southeast. As mentioned up above, it is not so much where you are but what skillsets you can bring to your partners. If they already have someone that is going to be the boots on the ground, maybe you can help with other aspects that will be another form of value!

As already mentioned, networking with wholesalers + agents is one of the best ways we have find smaller deals. We found 1 off market opportunity in Miami awhile back that came from an agent I had networking with- deals are still out. The more people you know that are looking for deals on your behalf, the more chances you have of getting one! 

Hey Wes,

I would come up with some goals that you have for yourself first and then figure out which niche will help you reach your goals the quickest. 

If you are looking to start in larger MF deals, the best two ways to do so (in my opinion) are by either investing in a deal as an LP or investing in a coach/mentor. 

If you are looking to start in smaller MF, you could find your own deals and get your feet wet that way. 

If you don't have enough time to do either due to your W2, then I would suggest looking into the first option - investing as an LP or in a mentor. Certain groups have lots of their members join deals very quickly. 

Let me know if there is any way I can help!

Best of luck!