All Forum Posts by: Jeffrey Donis

Great to see that you are making the transition into multi-family from the single family space! My brothers and I made a similar decision last year and it has been going great! We are also chasing the passive/financial freedom that can be obtained at a faster rate in multi-family due to the economies of scale. We started out by talking to different mortgage brokers + lenders. We are syndicating deals therefore we will use OPM to take deals down, and then use these relationships to secure long term debt. This is how we plan on obtaining deals.

Regarding location- we invested in our own backyard- NC! Luckily our market is a great one to be in at the moment. What markets out of state are you considering at the moment?

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Other than viewing news articles on where others think the market is- what do you all use to keep up with where the market currently looks like and where it is going? Are there any tips you would recommend?

Thanks!

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Originally posted by @Justin Goodin:

@Jeffrey Donis Wholesaling is a great way to get started!
Glad to hear you are now focused on multi family. What markets are you focused on?

We are focused on the Raleigh/Durham + Charlotte MSA! How about you?

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Great to hear how you got started Justin!

My brother's and I started wholesaling and doing creative financing. Our first deal came 5 months after cold calling sellers every day. It came from a follow up and it started our real estate journey- it has only been up since then!

We were able to obtain a few rentals while we wholesaled to generate income to fund our marketing- we learned how to run systems and operations, how to generate leads, and how to talk to sellers.

Now we are focused on multi-family! Looking forward to 2021- wish you the best this year!

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Originally posted by @Brian Burke:

@Prolet Miteva thank you for the kind feedback! I explained in the book some of my reasons for writing it, but one reason I didn’t mention is that I felt that there was a real need for it and it hadn’t been done before, at least not to this level of detail. I’m glad you are finding value for it and I appreciate the “review”!

What was your favorite part or favorite “lesson learned”?

Looking forward to reading this! You are spot on in that there are not many resources for our passive investors which is why the content on our platforms is primarily based on educating them on investing in RE, specifically syndication deals.

Thanks!

Jeffrey

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Originally posted by @Roger Covin:

@Jeffrey Donis

Thanks, I’ll def continue my education. I’m in the team building phase right now. Think I’ve found my first money partner! The quest continues...

Yes sir! Wish you the best- looking forward to staying connected!

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Originally posted by @Jaylen Reed:

@Reginald Ross Thanks for the insight, my plan was to do both the steps you mentioned so work both sides.

I hadn't thought about taking a finance class though, that's next on the list just to get as much of an understanding as possible.

@John Todderud That's a very strong point about how the government may impact the ownership of larger properties. I'll make it a point to look into it more in my metros

Thank you!

@Jeffrey Donis Appreciate the books and podcast recommendations! About to add something new to my library.

Thank you!

Of course! Wish you the best!

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Originally posted by @Jaylen Reed:

Hi! My name is Jaylen and I decided to get started with residential and commercial multifamily. What are some things to look at first to decide whether something is a deal or not, instead of spending excess time on it? Would it be a good idea to look at those factors at a different angle using something like creative financing to turn the numbers in your favor?

1. The Best Ever Syndication book by Joe Fairless

2. ABCs of real estate investing

3. The hands-off investor

These were great reads for my partners and I when we first started out- you could also check out different podcasts- The multifamily takeoff podcast, Michael Blank's podcast, The multifamily wealth podcast, etc. There are so many!!

Wish you the best!

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Originally posted by @Roger Covin:

I have been a sfh wholesaler and am moving into the multifamily space. Learning a lot from the Rod Khlief material and am ready to source deals in the Dallas-Fort Worth area. Any suggestions of groups, programs, or ppl that would be helpful to connect with?

I’m going to work my cold calling skills and hope to be a great asset to some pros in the game!

Here are some books that can help you learn the basic terminology and theoretical standpoint on what the syndication process looks like

1. The Best Ever Syndication book by Joe Fairless

2. ABCs of real estate investing

3. The hands-off investor

Hope this helps! Best of luck!

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All Forum Posts by: Jeffrey Donis

Jeffrey Donis has started 15 posts and replied 1176 times.

Post: Who am I and Why Real Estate?

Post: Looking to make multi-family connections

Post: Keeping up with Real Estate market cycles

Post: Are you an entrepreneur or a consumer❓

Post: Are you an entrepreneur or a consumer❓

Post: The Hands-Off Investor - Thank you Brian Burke!

Post: Best mentors/groups to learn large Multifamily

Post: Getting Started in Multifamily

Post: Getting Started in Multifamily

Post: Best mentors/groups to learn large Multifamily