All Forum Posts by: Kyle Mitchell

@Daniel Mendez As with most good markets, competition will always be fierce.  The way we stand out is we do what others are not willing to do.  Whether that is to make calls weekly to every broker in the market, visit that market 3-4 times per month or anything else that separates us from other investors.  You need to show the brokers/sellers that you are a serious buyer and the way to do that is to run your investments like a business (which it is).  You always need to be thinking of the next way to beat out your competition and to make your company better.  You can also team up with others in that market that are already doing what you want to do, you just need to figure out how to add TRUE VALUE to them.

@Willie E Phillips It is never too late!  It sounds like you are doing the right things by educating yourself.  I would suggest going out there and finding someone who is already doing what you want to do, build a relationship with that person and add value to their business.  Then partner or get mentorship from them to help you build your business.  Good luck in your journey!

@Edwin Campos

1. Researched the asset class I was interested in to be sure it was something I wanted to pursue

2. Hired a mentor

3. Educated myself through mentorship, books, podcasts, meetups and conferences

4. Built a 1 and 5 year plan

5. Took massive action!

@Alex Rodriguez For me it was the old fashioned way of saving up and purchasing my first single family rental.  If I had to do it over again I would learn how to use OPM (other peoples money) sooner so I could leverage and scale that faster all while helping others accumulate wealth as well!

@Dominque Echenique . Here is a good list to start with, we also have a YouTube channel with great resources to check out.

Books for Multifamily
-The Perfect Investment by Paul Moore
-The ABC's of Real Estate Investing by Ken McElroy
-Best Ever Apartment Syndication Book by Joe Fairless (This is a very specific niche so this would only be if you're interested in Multifamily Syndication)
-Both Rod Khleif and Michael Blank have free E-books you can download (google it)

Podcasts
-Rod Khleif
-Michael Blank
-Old Capital Podcast
-Joe Fairless - Best Real Estate Investing Advice Ever
-Real Estate New for Investors - Kathy Fettke
-Passive Income through Multifamily Real Estate

@Hanna Ryeng-Pezzillo My advice is stick to the course and you will find the next deal.  It's never easy but the key to success is consistency and perseverance. (and sometimes to take a look at what you can do to switch things up to be more competitive).  Good luck!

@Carson Scott Good for you, there are many of us out there that wished we started that young!  And no, it is never too early to get started.  The key is to educate yourself and align yourself with people who are already in the space you want to be in.  Keep it going and best of luck to you!

@Christopher Chen Here are a list of books that helped me out when I was first getting started, would love to know your thoughts once you read them!

-The Perfect Investment by Paul Moore
-The ABC's of Real Estate Investing by Ken McElroy
-Best Ever Apartment Syndication Book by Joe Fairless (This is a very specific niche so this would only be if you're interested in Multifamily Syndication)
-Both Rod Khleif and Michael Blank have free E-books you can download (google it)

@Shanice Levins Have you looked into ADPI (Active Duty Passive Income)?  They are a great group and they are helping active military do everything from fix & flips, to house hacking to purchasing mobile homes and multifamily.  Definitely connect with @ericupchurch, here is their page https://www.biggerpockets.com/users/EricU5.

@Tim Carlson Agreed with all of the comments above about getting out there meeting new people and networking.  If you do decide to join a mentorship/coaching program I would suggest speaking with 5+ groups and go with the one that YOU feel the most connection with, not the ones who are suggested to you the most.  The purpose of these programs is to push you out of your comfort zone.  All of these programs will teach you the same things as it relates to the basics of multifamily.  So if you end up joining one that you don't necessarily feel comfortable with you will have a difficult time getting out of your comfort zone, where adversely if you feel comfortable you will have a much easier time taking that next step and it is all about getting out of your comfort zone! Good luck on your journey!