Celebrating the closing of the Rainbow Cove Apartments (42-units) in Corpus Christi, TX, here with the former owner, his wife and the property manager. We joked when we met the owner at the property, telling him to look for the "No Trespassing" sign, since he is no longer the owner. Blessings to you all !!!

Hi all, I've requested an EMD extension but don't have a guarantee on that. We're at the point where we either find a partner who can help with the EMD in exchange for equity or the deal is dead since our inspection period ends tomorrow. Attached is the deal overview and numbers. Let us know if you're our angel investor! Contact: kspivey2099@gmail.com | bprsison@gmail.com https://docs.google.com/document/d/1aYMlQjHucay9juRv75J9EsPn-AM0Kpov_bwstaTbRgc/edit?usp=sharing

Following up now that we have the P&L as well as the inspection report in for the property. I think we have a good deal on our hands, if we can make it happen fast! The deal is a true, partner focused JV. My business partner Brenden and I are hoping to truly leverage the strategy of $0 down since we're new to MFS. A crucial detail is that our $10k earnest money lender only lends through inspection which is up on the 6th of December so we have to move quickly. We're looking for 2-3 capital partners who can come in at ~$50k or $100k to seal the Earnest money and down payment, secured by equity and preferred 8% returns as well as a 70/30 split after refinance. For our $670k Purchase Price, if someone came in with $50k, that would be $4k for the first phase and $8-12k (depending on number of partners) after refinance. Early partners who can help save our deal will get more negotiating power and even better return offers. Would partnering with us on this deal be something you're interested in?

We just went under contract on a $670,000 deal and are in the study period until Dec 6th. The property cash flows roughly $1,550/month on conservative numbers, and we’ve already received a 75% LTV DSCR loan. We’re looking for 2-3 strong capital partners, with early commitments receiving preferred returns. If you want to review the underwriting or explore a partnership role, reach out here or email us at kspivey2099@gmail.com or bprsison@gmail.com

I joined Multifamily Strategy in Q3 of 2022. Prior to year's end I purchased my first 14 units with 2 other partners, owner financed. In Dec of 2024 I bought a single family and empty lot, intending to flip. When the sell didn't go through, I pivoted to turn it into a rental and easily cash flowed. In January, I went full time self employed. I run my own engineering company and real estate. In March I bought a 6 plex. As of yesterday, I closed on a 5 plex with no money out of pocket. Currently buying a 38 unit Motel to convert into efficiency units. I've got another 25 unit apartment complex the owner is ready to sell to me, but I'm running out of capacity and liquid cash. Lessons Learned 1) Real Estate has easy concepts, but it's hard work. "Passive Income" is more like front-loading all the work. One day it may be fairly passive, but it takes a bunch of work to get there. 2) Take time to review. We know the why must be strong, but sometimes the day to day can obfuscate the why. I always appreciated the intentionality in this mentorship to choose a strong enough why. Mine is to own my time so that I can spend more time with family/friends/church. But what good is my time if I burn all the friendships as I try to pursue this goal? Going out on my own gave me a large chunk of my time back to me so that I can ensure I'm meeting the needs of those around me. 3)Double everything! Everything takes more money and time than what's expected. Bring more reserves than you think are needed so that you don't have to sweat as much when things don't go right. I'm in OKC, if you are close by, I'd love to grab a coffee.