Aiming to purchase my 1st commercial multi-unit complex property

7 Replies

Hello Multi-unit Investors,

I'm seriously thinking of planning to buy my 1st multi-unit complex property in 2020 and came across a lot of good content online and some events to possibly attend. One of the events is called the "Fire Summit" by the "ThinkMultiFamily" team.

https://www.thinkmultifamily.com/fire-summit-2019/

Anyone have any thoughts on if this is a good event to attend and get me going with some specifics steps to execute? I did not want to attend if it's just high-level content and meant to motivate and buy more expensive courses, etc. If not this event, any recommendations on events or ways of getting going?

I'm using the Bigger Pockets "Stack" method of going from residential (single, duplex, 4plex), now to commercial and would really appreciate any good feedback.

Thanks in advance.

TX

@Traolly Xiong I love the opening line “seriously thinking of planning to buy”  

The hardest thing to do in life is decide what it is you really want. Once you figure that out the rest is easy. 

Make a commitment, put your goal in writing and work it backwards. You’ll be there before you know it!

Check out @Joe Fairless event, books and content. No sales pitches just serious content and the best book on apartment syndication out there.

@Traolly Xiong - I try to get to  couple of events every year, more for networking than anything else.  If you're just starting out they can be a good introduction into the space, just leave your credit card at home, there's often plenty of up-selling happening.

I started with one of those $97 two day seminars.  I just took as many notes as possible and started down the rabbit hole from there.  FYI, I have no experience with the event you referenced.

@Traolly Xiong  Hello Traolly congratulations on the hardest part, of making a conscious decision to take action. @Greg Scully , @Greg Dickerson and others out there would recommend just start educating yourself. There is a ton of free content out there to guide you along. These big events are great for networking. Your locals REIA meeting are great. This is a relationship business. If you can remember that then I have no doubt you will be successful. There are several books out there to help, but there is one I believe is the benchmark to success in multifamily investing. You can decide for yourself though. I always say "trust but verify ".

https://joefairless.com/apartment-syndication-school/

Hey @Traolly Xiong ,

The Fire Summit event looks legit although I have no first hand experience.

The only thing I noticed is that the testimonials at thinkmultifamily.com about the event are all videos of people explaining why they came to the event and what they are hoping to get out of it.

I didn't find any of people saying that they had their expectations met or exceeded.

Just an observation.

Originally posted by @Amy Heitner :

Hey @Traolly Xiong ,

The Fire Summit event looks legit although I have no first hand experience.

The only thing I noticed is that the testimonials at thinkmultifamily.com about the event are all videos of people explaining why they came to the event and what they are hoping to get out of it.

I didn't find any of people saying that they had their expectations met or exceeded.

Just an observation.

Nice catch. Great observation. I have seen that technique used quite a bit 

I met the Kenney's at the Best Ever Conference. They are extremely nice and informed and have a lot of experience putting on conference. I looked at the list of speakers and I know most of them. There will be a good combination of detailed advice and strategies as well as more abstract high level motivation to give you that extra push.