Mon, 30 November 2020
What is the key to scaling a real estate investing business? Growing your investor database? Raising more and more capital for deals? Putting together and training a capable team? Yes, all of those things are absolutely necessary. And they all require that you build out systems. Systems that allow the business to run on its own.
Jorge Abreu is the Cofounder and CEO of Elevate Commercial Investment Group, a Dallas real estate firm focused on the acquisition of value-add multifamily assets. In his 15-year career, Jorge has flipped 200-plus houses, wholesaled another 100 properties and done $8M in ground-up construction. Since his introduction to multifamily four years ago, Jorge has built a portfolio of 1,700 units worth $125M.
On this episode of Apartment Building Investing, Jorge joins cohost Garrett Lynch and I to share the challenges of scaling a single family investing business and discuss what inspired his transition to apartment buildings. He weighs in on the value of networking (online and in-person) to forge new partnerships and build a solid team. Listen in for insight on building systems to grow your business and learn why Jorge recommends skipping single family and getting right into multifamily investing!
What inspired Jorge’s interest in real estate
The challenges of scaling a single family business
How Jorge started over in Dallas after 2008
The value of finding a good partnership
The benefits of multifamily investing
How Jorge attracts and retains team members
When to bring property management in house
Why Jorge runs his own construction company
Jorge’s insight on raising capital for multifamily
What Jorge does to market his syndications
How Jorge manages his investor lists
What’s next for Jorge and the Elevate team
What Jorge would tell his younger self
Connect with Jorge Abreu
Mon, 23 November 2020
What is the best way to approach the conversation with potential multifamily investors? How do you communicate the benefits of investing in apartment buildings over other asset classes and assure them that their money is safe with you—even if you’re new to the space?
David Kamara is the Founder and Managing Director of Cape Sierra Capital, a multifamily syndication firm out of Ann Arbor, Michigan. He has 15 years of investing experience in the real estate space, getting his start with a portfolio of residential single family and duplex units before transitioning to apartment buildings and townhome communities. Today, David owns 200-plus units and serves as a mentor on the Michael Blank team.
On this episode of Apartment Building Investing, David joins cohost Drew Whitson and I to explain how he coaches his mentoring students to approach the conversation with potential investors, describing how multifamily isn’t subject to the same risks as single family rentals. He weighs in on what helps aspiring syndicators believe in their ability to succeed, exploring how knowledge helps us visualize what’s possible but action is key in making it real. Listen in for David’s insight on getting your priorities straight and learn how underwriting to cashflow makes multifamily a good investment no matter what’s going on in the world.
What David’s been up to since his last appearance
What helps aspiring multifamily investors believe it’s possible
How COVID changed the way David talks to investors
How COVID has impacted David’s underwriting
David’s advice around market timing
How David coaches his students on talking to investors
Why David invested in the Platform Builder Incubator
David’s plan to produce content consistently
David’s advice for aspiring multifamily syndicators
Connect with David Kamara
Mon, 16 November 2020
A lot of would-be multifamily syndicators get stuck, sometimes out of fear and sometimes because they want to plan every step of the process before they dive in. But that’s not how entrepreneurship works! In fact, the most successful real estate investors are the ones who are willing to put themselves out there and learn by doing—taking consistent, imperfect action.
Matt Brawner is Managing Partner at Minnesota Capital Management and Northwoods Servicing, a real estate investing firm and property management company based in Coon Rapids, Minnesota. Matt and his partners have achieved considerable success turning their $5K investments into a portfolio worth more than $20M, but his greatest passion is teaching. To that end, Matt now serves as a mentor with the Michael Blank organization.
On this episode of Apartment Building Investing, Matt joins cohost Drew Whitson and I to explain how he got into real estate, discussing how he formed a successful partnership with five other investors and what inspired their transition from townhomes to multifamily properties. He introduces us to the idea of setting up debt funds to raise capital and shares the pros and cons of having your own property management company. Listen in for Matt’s insight on scaling a multifamily business and learn how YOU can get unstuck and get into ACTION to become a successful real estate syndicator!
What inspired Matt to become a mentor
How Matt got into real estate
What makes for a good partnership
Matt’s transition from townhomes to multifamily
Why Matt’s team had set up debt funds
Matt’s top lessons learned in real estate investing
The benefits of having a property management company
Matt’s advice on property management for new investors
The traits of a successful multifamily syndicator
Matt’s insight on underwriting post-COVID
What aspiring investors get stuck on
The challenges Matt faces in scaling his business
Connect with Matt Brawner
Mon, 9 November 2020
So, you’ve got some experience in single family rentals. And you KNOW that multifamily investing would help you achieve financial freedom on an accelerated timeline. But you just don’t BELIEVE that you can do it. What can you do to overcome that hurdle and develop the confidence to take on your first deal?
Jeremy LeMere is the Principal at Star Capital Management Group, an equity real estate investment firm based in DePere, Wisconsin. He began his investing career over a decade ago, rehabbing single family and duplex properties. Since then, he has grown his personal portfolio to include multifamily, self-storage and commercial assets. Jeremy recently quit his corporate engineering job to pursue real estate full time, and he also serves as a mentor with the Michael Blank organization.
On this episode of Apartment Building Investing, Jeremy joins me to explain how seeing his net worth drop during the Great Recession inspired his interest in real estate. He walks us through his early investments in single family homes and duplexes, discussing why he made the shift to multifamily to replace his W-2 income much faster. Listen in for Jeremy’s insight on raising capital with an online platform and learn how YOU can leverage mentorship to overcome limiting beliefs and invest in your first multifamily deal!
What inspired Jeremy’s interest in real estate
Jeremy’s initial real estate investing strategy
How Jeremy funded his investments without bank loans
What inspired Jeremy’s shift to multifamily
How Jeremy got started with multifamily
The timeline on Jeremy’s first multifamily deal
The opportunities Jeremy identified in his first deal
Jeremy’s approach to quitting his corporate job
How Jeremy’s life is different as a full-time investor
Jeremy’s decision to add self-storage to his portfolio
How Jeremy raised money for the self-storage opportunity
Why Jeremy is building a platform to raise capital
What Jeremy is working on right now
Connect with Jeremy LeMere
Mon, 2 November 2020
How do you land your first syndication deal without a track record in multifamily? Well, it all starts with networking. Networking with brokers. Networking with potential investors. Networking with other multifamily operators. And if you can get plugged a real estate investing community, you can leverage the knowledge and experience of investors who’ve been where you want to go and fast-track your success!
Barry Flavin is a mentor with the Michael Blank organization and Managing Partner at New Mission Capital, a multifamily investment firm out of Detroit, Michigan. He got his start in real estate eight years ago, building a portfolio of 30 single family rentals before making the shift to multifamily. Barry has a background in software sales and spent six years working as an air traffic controller before discovering real estate, and today, he owns 387 units, leveraging his expertise in investor relations to grow the business.
On this episode of Apartment Building Investing, Barry joins cohost Drew Whitson and I to explain how an air traffic controller ends up in real estate, walking us through his transition from building a portfolio of single family rentals to raising capital for large multifamily deals. He discusses the advantages of focusing his investments in a single market, describing how he found his partner, Josh, and what they do to secure consistent deal flow. Listen in for Barry’s insight on avoiding expensive mistakes with 1:1 mentoring and find out how YOU can accelerate your success through the Michael Blank community.
What inspired Barry’s interest real estate
Barry’s initial real estate investing strategy
How Josh funded his early real estate investments
How Barry and Josh structure their partnership
How Barry raised $2.8M for his first 144-unit deal
Barry’s advice on making a capital raise less stressful
How Barry benefits from focusing on the Detroit market
Barry’s advice for aspiring investors without a track record
The #1 thing new syndicators need to do to be successful
Barry’s insight on having in-house property management
How Barry thinks about adding to his team
Barry’s take on goal setting for multifamily
Barry’s advice to his younger self
Barry’s advice for aspiring multifamily investors
Connect with Barry Flavin