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All Forum Posts by: Jeffrey Donis

Jeffrey Donis has started 15 posts and replied 1176 times.

Post: Releigh and Durham markets

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689
Originally posted by @Jason Malabute:
Originally posted by @Jeffrey Donis:

I live in Durham but very close to Raleigh- about 10 minutes out. It is very competitive here as a lot of buyers have this area on their radar- we have seen prices only increasing and nothing has penciled out as of recent in the area. Not to say you can't find deals, however, keep in mind that you are looking in a very hot market! 

Agree but: 1. competition means you're doing something right 2. you can say that about every other market lol 

 For sure you can- however to say that Raleigh/Durham are as competitive as other secondary and tertiary markets... there is going to be a hard time getting good deals in any desirable area. I don't think you can say "every other market" is as "hot" as Raleigh/Durham. Just being realistic- we still look for deals here so just telling you what we have experienced. Again, you can still find deals here. 

Post: Capital Raising Feedback

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Hey Brian! 

Hope you are doing well. 

What we first did was had a system to keep track of all of our investors. This is a relationship building business so you want to make sure that you are building relationships with all of your investors. You can do that by following up with them which can get a bit hectic after you build a large database. 

We used a CRM to keep track of everyone we talked to and to keep notes on what we discussed. 


The best places to find people who might be interested in investing (opinion) is conferences, networking events, meetups, and your power base. Telling people what you do is a start! 

You have my number so feel free to reach out if there is anything I could do to help.

Thanks!

Post: More Deals than Money Problem!

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Hey Jordan!

Great job with everything you have does thus far in your journey. I agree with what Paul Moore said- being able to attract capital is very important and will help you with your issue. Also, finding people who are willing to to work with you- I recommend bringing them value in some way- this will cut your learning curve while minimizing the amount of unnecessary mistakes you make. 

Best of luck! Let me know fi there is any way I can help you out-

P.S- I was born in Queens!

What's up Hayden! Hope all is well. 

There are lots of mentorship and courses out there. In my opinion, most of the general information is online for free. You can get these through podcasts, books like Joe Fairless's Best Ever Syndication Book, or by networking and getting on calls with people. Building relationships is what what helped me the most. This you can do for free, just find creative ways ton bring valuable people value. 

As we discussed on your podcast, we did join a group. What we got out of it was the network and a mentor who was willing to partner on deals with us. He was there to answer any and all questions and we were able to tap into their network + the network within the group to increase our deal flow as well as ability to close more deals (capital, asset management, KP, EMD, ETC).

The group that will be best for you depends on your situation. You have my number, so feel free to text me if you want to talk more about this. It is a big decision- but I was able to find a group that helped me cut out unnecessary mistakes and I can confidently say that I was able to leap forward with all of the resources and connections I was able to gain from joining. 

Best of luck!

Post: Apartment Syndication - Limited Partner Payout

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

I agree with what Charles said- this will vary deal by deal. When you are building a relationship with a lead sponsor, make sure you are asking them these questions and they should be able to explain it to you in a way that makes sense. There are lots of deal sponsors out there- the most important thing is that you do your due diligence on vetting them and ensuring that they meet your communication and investment expectations. 

Post: Releigh and Durham markets

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

I live in Durham but very close to Raleigh- about 10 minutes out. It is very competitive here as a lot of buyers have this area on their radar- we have seen prices only increasing and nothing has penciled out as of recent in the area. Not to say you can't find deals, however, keep in mind that you are looking in a very hot market! 

Post: What Happened Charlotte NC?

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Are you seeing that on the submarkets outside of the Charlotte area? I live in Durham and we will look at deals that we get from brokers located in Charlotte but typically they are way to expensive. 

Post: Southern Wake County Reboot (Raleigh Area) - August 2021

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

I would be interested!

Post: 76 unit walkthrough. I'm a newbie.

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

Hey @Albertinny Colin. I'd encourage you to attend meetups in your area and build relationships with nearby investors. In person networking will lead you to the best people, and will allow you to build stronger relationships faster. 

As far as building a team for apartment investing, I'd start by identifying what your strengths are. In this situation, you have a deal. So, you might need to find a partner who can raise capital. You also will likely need a partner who has a high net worth that sign off on the loan as a guarantor. 

I am in the Triangle area of NC. I'd love to connect with you.


Good luck, hope the tour goes well!

Post: I'm Losing Faith In Wholesaling

Jeffrey DonisPosted
  • Investor
  • Durham, NC
  • Posts 1,221
  • Votes 689

@Anthony Watkins It's taken some people 2 weeks to get a deal. Others have taken. 2 months, 6 month, 1 year, 2 year...

Wholesaling is tough. But, it's not impossible. You need to be willing to market consistently for months without seeing any profit. 

Delayed gratification is essential for an entrepreneur. Just persist and remain consistent in your marketing efforts.