All Forum Posts by: Wan-Yi Sweeting

@John Burg good connecting with you the other day! Let's make it happen with another Tulsa deal!

Thank you! 

Thank you! Shoot me a private message with your contact and we can set something up! 

Hi BiggerPockets community! 

I have great news to share that will hopefully inspire any newbies out there looking to invest in your first multifamily property! Like many of you, my fiancé and I are motivated to strive for financial freedom within the next five years, which is why got into real estate investing in the first place. We knew that multifamily is the way to go, especially if we're looking to scale and aggressively achieve our goals.

Within two months of setting our intentions, we can now say that we have achieved our first goal of owning a 25 unit property in Tulsa, which we closed on New Year's Eve last year! 

In summary, here's a little bit more about me and my partner and the milestones we took to achieve our first goal:

Intro: We're based in Los Angeles and have a SFH home here, and we're looking to convert our garage into an ADU this year. But that's about it and we didn't own any MFH homes prior to this Tulsa deal. My fiancé (Evan Rosenblum - look him up) is an amazing residential realtor, and I have a full time W2 job at an advertising agency. We don't have any kids, but do have a fur baby named Thor! We were initially all about doing SFH investing (BRRRR, flips, etc.) but after attending a Grant Cardone conference in the summer of last year, we caught the MFH bug and you can say the rest is history!

Milestones:

- September 2021: We spent a lot of time studying, reading books, attending conferences, and listening to podcasts/YouTube to fully immerse ourselves into the multifamily territory. Highly recommend the books Wheelbarrow Profits by Jake & Gino and Financial Freedom Real Estate Investing by Michael Blank as they give a great fundamental overview of MFH investing. The education never stops...

- October 2021: We knew MFH is a team sport and couldn't do it alone, so we decided to join the Jake & Gino coaching program. We did our research and checked out a few others, but we can confidently say that it was the best decision we made going with the J&G program! The community is very giving and supportive, and we seriously couldn't have achieved our first goal without the mentors and network of amazing individuals that we've met from this program. If you have any questions about it, please don't hesitate to reach out. I have nothing but good things to say about the Jake & Gino family!

- November 2021: We went to a Finance Right bootcamp in Atlanta hosted by Jake & Gino and that's where we did a lot of learning and networking. That's also where we met the core team who found the Tulsa deal and needed some help with marketing, raising capital and investor relations, so we jumped right into the opportunity! While we were hustling on this deal, we were still continuing our education, analyzing other deals, and looking to build more connections with brokers, property managers, etc.

- December 2021: After raising the capital we needed, the 25 unit deal closed on the last day of the year, woohoo! This is a joint-venture partnership so everyone is playing an active role in managing the asset. We meet with the property manager twice a month to keep things on track as we look to add value to the property and increase the rents to market level. Now the fun begins as we continue to work on this deal and identify more deals out there.....

We're now heavily focused on Phoenix and Tucson areas in Arizona. Our next goal is to close three more MFH deals this year! Please reach out if you'd like to connect, pick our brains, partner up on the next deal, and/or need our help in any way. Now let's make it happen! 

Check out pictures of our 25 unit in Tulsa, OK: 

Congrats Yosef! This is really inspiring and motivating! You mentioned mentorship program, may I ask which one you joined? Do you believe in investing in $30k mentorship programs to help get your first major MF deal done? 

Hi BiggerPockets friends,

I'm an investor looking to flip homes in Oklahoma. Can anyone recommend a good agent, contractor and property management companies in OK? Appreciate the help!

Thanks!

Thanks so much this is helpful! Appreciate you offering to take a look at properties I find in those areas. Last question, what do you think of Inglewood, Hawthorne and Gardena areas? 

Thanks Rachel!! May I ask which neighborhood you’re in? I’m not originally from LA so this is all quite new for me. I’m currently in the process of getting pre-approved so I’ll know budget later this week. In the meantime, I’ve been looking at the Valley, NoHo, Torrance, El Segundo, etc. Would love to hear where you consider B or C areas. I’d say safety and a good location (i.e close to shops, restaurants and/or public transportation) are important to me. As a young female, I want to be able to feel safe to walk out alone in the neighborhood! 

I’m curious to hear who in this BiggerPockets community has housed hacked in LA? And which areas would you recommend looking into that’s not the “ghetto”?

Hi I'm a newbie investor in Los Angeles and would like to learn more about turnkey properties out of state. I've spoken to a couple of companies, but curious to hear which turnkey companies you would recommend? And what are your general thoughts on turnkey properties for a first time investor?