Haverhill, MA · Member since 2009 · 293 posts · 157 votes
One of my goals this year is to buy a larger apartment building (+10 Units). Were refinancing a 7 unit we bought last year and I want to reinvest that into a larger building.
With that, I thought it would be great to set up a group of other investors that are looking to do the same. We could use the meetings to discuss deal sourcing, investment criteria, running pro-forma's on current opportunities etc. I learned a ton on the last purchase and any lessons I can share or advice I can use from other investors on this next purchase would be great.
I don't envision this being a large ordeal just a handful of investors who want to throw ideas and whatnot around.
The only prereq would be that you're in the hunt for larger multi-families.
Haverhill, MA · Member since 2009 · 293 posts · 157 votes
8y
Ok great, looks like there is some solid interest. For those still on the fence, I outlined the purpose and benefits of the meeting/group.
The Purpose
No question about it this groups goal is to help each other in the process of purchasing apartment buildings. This will be done through sharing best practices, case studies, ideas etc.
The Benefits of a Mastermind Group?
Mutual support. Every one of the group shares the same goal. Combining experiences and learning from each other's mistakes will speed up our learning
Differing perspectives. Hearing the different views and ideas from fellow mastermind participants will let you see issues and opportunities you wouldn’t otherwise become aware of –
Resources. Everyone in the group will have access to a different skill set and a network of people.
Accountability. Fellow group members will hold each other accountable to goals we set. In addition, I know for me personally just knowing that I have a regularly scheduled meeting internally drives me to make progress – because I don’t want to be the only person reporting back that I haven’t made an effort to move my projects forward.
From a logistics standpoint, it looks like we should meet somewhere in the city or close by.
If anyone has any ideas on a location that would be great, otherwise I can find something that is right off the highway.
I'm thinking about a tentative date of Tuesday, March 20th.
After researching locations I think Assembly Row in Sommerville would be the best meeting location. It offers free parking & is accessible by public transportation.
The first meeting will be Tuesday, March 20th @6:30PM at Tony C's.
Investor · Boston, MA · Member since 2014 · 232 posts · 165 votes
8y
@Rob L. perfect! Great choice for location. Do you want help setting up a meetme / eventbrite event? May help with marketing the meetup and help track interest / attendance.