Self-Study Your Way into Multifamily Syndication Success

Our son was born Christmas Eve. Just something in me clicked. I was like, “Okay, I'm ready. I need to find likeminded individuals. I need to find meetups, or seminars, or something. I need to connect with people, because now I have all this knowledge. I'm ready.” Looked all over the US. I was willing to travel anywhere and there was nothing available, until January. First week of January and it was right here in Tampa, two hours away. That was a seminar that completely changed my life. I mean, I met you there and we had some awesome conversations there. It was not what I expected from a seminar. I went in there thinking, talk about nuts and bolts of getting started and then it started there and then it started going to say a mindset shift and take action and then take massive action and believe in yourself. I connected with some awesome people, so networking I think was the first step. At that event, just getting out of my comfort zone, I'm a little bit shy. I don't know if you can tell or not, but a lot of people would disagree with that statement.

Absolutely. I can say that from that seminar, just three days I connected with so many people that I call mentors. Just getting out there and just connecting. It was incredible to meet with people that had 15,000 units and also connecting with people that hadn't even started yet like me. It was just like, everybody just – it's funny, because we had this perception that, “Man, I can't talk to that guy. He's way up there.” It’s like, “No, he's just another human and willing – wanting to share and teach.” I remember sometime in 2018 watching a YouTube video, saw Vinney Chopra. One of his videos, he mentions at the end, “Text this number if you want to learn more about syndication.” I texted that thing, but I have no idea when it wasn't. Just completely forgot about it. After that seminar in January, I mean, I was hot and heavy, reaching out to brokers. I was underwriting, analyzing deals. I was putting offers and I was negotiating offers. They know how it's going to do it, but I realized man, I just have to take action. Something's going to fall. Something's going to happen. I was networking. I've met over a hundred potential investors raising capital. I’m just getting my story out there and getting them to know me. That's what I literally called massive action. My wife talked about nights and weekends. I go to work, down with the family and then I'm up till midnight on phone calls, or presentations, or just getting out there.

Sometime in February or March, Vinney called me out of the blue, just dropped out of the blue. I think it's law of attraction. I think all this momentum that I was carrying from again, just taking action, just everyday doing something. I have a thing called non-zero day, which means that zero day means I did nothing towards my goal and my goal is to be a passive investor, because that's one of the pieces of advice that I got is get into syndication, become a passive, learn it. Yes, I had non-zero days. No rest. Vinney called me out of the blue and I wanted to get to know me a little bit, talk about my goals and said, “You fit the mold of what I'm looking for in a student, would you allow me to mentor you?” I'm thinking, “Man, coaches are all scams. Coaching programs don't work. It's not for me.” I was like, “No, I'm not interested.” He goes, “All right. Just a heads up. These opportunities, they don’t just pop out of the blue.” I'm like, “You know what? I ain’t got to lose nothing if I did it.” Completely changed my perception. I started getting into that mastermind program, started meeting like-minded people and being able to share the story and learn faster. I think it started accelerating my learning curve. I was presenting deals that I was underwriting and now I'm getting critiqued. I had this conversation with a broker, or I had this conversation with an investor. These are the questions I came up. How do I answer those? I was joking earlier about the story of The Grinch, which his heart grew three times. I think my brain grew three times there in just because of the coaching and mentoring.

Listen to the full episode: https://lifebridgecapital.com/2019/08/ws314-self-study-your-way-into-multifamily-syndication-success-with-duamel-vellon/