All Forum Posts by: Jeffrey Donis

I was wondering if anyone knew of any multifamily meetups in the Durham-Raleigh area? I am looking to network with brokers, lenders, and other investors in my area but I can't seem to find one near me.

Thanks!

0 Votes

I live in NC which is a great area filled with great markets- there are areas in SC- Greenville, Charleston, GA- augusta, Savannah, and Fl- Tampa, Ft. Lauderdale, as already mentioned + some others (Fl is filled with great markets). The southeast overall is a great place to invest.

2 Votes

Originally posted by @Shane H.:

@Jackson Babcock @Ben Bolingbroke @Paul B. @Jeffrey Donis @Senate Eskridge @Rick Martin @Rick Novotny @Lee Ripma @Jillian Sidoti @Stanley Huertas

I guess I got overzealous and tagged everyone who responded as you seem to have good input. I had no idea these guys were charging this kind of money to supposedly learn how to syndicate an apartment deal.

I'm kind of the opposite - I dont want to use other's money and think if some of these bozos can do it I can - and if I get successful and someone wants to meet me for lunch I wont charge them $30k - we can go hunting or to the gun range or drive off road somewhere and I'm good. Same thing for the senior living deal - I've had a bunch of people reach out - I'm not an expert but have been in it a bit - but no one has been willing to come meet me where I live and the business is at.

Anyways I've come to the conclusion the apartment deals I'll want to look for I'll be getting Hud or some sort of other non recourse loan and will just do it myself with no one elses money. I personally think there is a sweet spot of deals in the $2m - 8 or 9 mil range where institutional people shy away as it's not big enough and it weeds out a lot of other smaller investors. Im selling some single families and if I can work things right will hopefully buy a small 12 unit deal due to getting a # from an owner 2 years ago - I talked to him yesterday and he shot me a price -seems fair - he told me he's 80 and has others - I'll be meeting with him in a month or two for coffee and see what happens. I get that deal done I'll go get a big one. I messaged the original poster about talking stuff through - would do the same with anyone else.

Wish you the best on that deal! Best of luck

1 Vote

Originally posted by @Mike Zaven:

Hey Jeffrey. Where in NC are you?

I am in the Durham/Raleigh area! Are you open to working in any markets here in NC?

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Hey Hassan,

It's great to see that you are in the pursuit of deals. Have you by any chance started reaching out to brokers personally? This strategy could be more efficient and less passive- they tend to have buyers on their lists already but if you can present yourself as someone who is serious and can close they will more than likely add you as well and keep you in mind when something that fits your criteria comes along.

1 Vote

Hey Ben!

Finding a good partner/mentor can help you a lot by cutting your learning curve tremendously. Depending on what the program offers, they could partner on deals with you, you could leverage their credibility, they can help you get financing on loans you would not be able to qualify for alone, and if the group has a network of people that collaborate you get access to awesome people all working towards similar goals. To me it comes down to the group you choose to go with rather than the price to get in.

1 Vote

Hey Mike!

I would agree with some of the comments above- value-add multifamily syndication are typically producing 10%+. You just want to make sure you work with the right group that meets your criteria and whom you can trust to deliver.

0 Votes

All Forum Posts by: Jeffrey Donis

Jeffrey Donis has started 15 posts and replied 1176 times.

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