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👉 START HERE: Poll & Welcome to Our Community! 🎉
Welcome to the #1 Community for aspiring multifamily investors! 👋 This is where aspiring multifamily investors come to buy their first small multifamily deal (2-20 units). Remote. Without having to quit your job. Without risking everything you've saved. Here's exactly what to do in your first 48 hours. 🎯 STEP 1: Introduce yourself. Head to the Introductions category and create a new post. Tell us: - Where you live - Why you want to invest in small multifamily - Ask a question you (or someone like you) would like answered 🎯 STEP 2: Start the 5 Days to Your First Offer challenge in the Classroom. This is the fastest way to go from researching to actually moving. Five videos, one per day. Day 1 you pick your market. Day 2 you build your team. Day 3 you make your first agent calls, and I give you the exact words. Day 4 you learn to run a deal's numbers in about a minute. Day 5 you write your first offer. Every day ends with something to DO. Included. 🎯 STEP 3: Join us for our LIVE weekly training. Thursday at 2:00 PM Eastern. Find it in the Calendar tab. 20 minutes of small multifamily teaching plus live Q&A. 🎯 STEP 4: Check out the tools in the Resources course. Due diligence checklist, team hiring checklist, market shortlist template, broker outreach script, pipeline tracker, criteria checklist, and the rest. Everything we use when we put a deal together. Free in the Classroom. 🎯 STEP 5: When you're ready to get serious and get accelerate, it's time to move to the Inner Circle. For members done researching and ready to close: The complete First Deal Roadmap Course, weekly office hours, and monthly trainings.Cancel anytime, no contract. --- A few community guidelines. - This is a no-fluff community. Specific over vague. Real numbers over hot takes. - Ask questions. Share wins. Share losses. Help each other. - No guru bashing in posts (we have better things to do). No pitching other programs. No "DM me for opportunities." - The team and I are in here daily. Tag posts you want me to see.
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14 members have voted
👉 START HERE: Poll & Welcome to Our Community! 🎉
This Weekend: One Market, One Conversation
Here is your weekend assignment. It takes about 30 minutes and it is the first move in picking your market: choose one market and talk to one person who works in it. Start by picking one market you can see yourself buying in. It does not have to be where you live. Most of us invest where the numbers make sense and manage it from home. If you are still choosing, take the one market from your list that you keep coming back to. Then find one local professional and start a conversation. For a 2 to 4 unit property, that is an investor friendly realtor. For a 5 plus unit property, it is a commercial broker. Ask them one question: what does a deal that works look like in this market right now? You are not committing to anything. You are replacing a research habit with one real conversation. Most people never have it, and it is where a market stops being a spreadsheet. Post in the comments: your market, who you reached out to, and one thing they told you. If you hit a wall finding someone, say so below and we will help you with where to look.
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This Weekend: One Market, One Conversation
Why Stacy Loves Raising Capital Now
A student on Stacy's call today said raising money for a deal makes them nervous because it feels like asking for money. Stacy felt the same way for years, and what she shared with us today is what changed it for her. So let me tell you what happened. In the summer of 2021 she and Jen had $300,000 sitting in savings that needed to go to work, and Stacy had no time to find a deal, with the move to Florida, four kids starting school and the Academy growing fast. Three operators gave her a place in their deals, and she was so relieved that she emailed each of them to say thank you for the opportunity. Nobody was asking her for anything. She was getting a way into real estate she could not have built herself that month. That is what you hand a partner when you bring one into a small multifamily joint venture, and later an investor in a larger building. Plenty of people have capital and no time or knowledge to use it, and you are their way in. Replay is in the classroom: https://www.skool.com/the-first-deal-society/classroom/724478bc?md=57080e7df50348dba6d6ad50560d324b If the capital part is what you have been avoiding, Stacy teaches the joint venture structure in the free Multifamily Investing Kickstart masterclass on Tuesday, October 20th, 3:00 PM PT / 6:00 PM ET. You find and control the deal, your partners fund it, and you split the profits. Register here: https://rmfi.academy/apartments/apartment-investing-kickstart
WHAT’S REALLY STOPPING YOU FROM CLOSING YOUR FIRST PROPERTY DEAL?
Hey everyone. I’m curious to hear from both those working towards their first deal and those who have already been through the journey. If you could overcome ONE obstacle in property investing right now, what would it be? 1. Finding genuinely profitable, below-market-value deals? 2.Getting access to funding or private investors? 3. Finding the right JV partner to work with? 4. Knowing how to analyze a deal and avoid costly mistakes? 5. Having the confidence to take action and close? Sometimes, the biggest challenge isn't finding an opportunity; it's knowing what to do next and having the right people around you. I'd love to hear your honest experiences in the comments. And if you've already closed your first deal, what was the one thing that nearly stopped you, and how did you overcome it? Your answer could help someone else take that next step. Let's share some real experiences, learn from one another, and keep moving forward.
mid level duplex rehab in Indy best suited for LTR strategy
Hey all, I am interested in an off market deal that needs some work. ARV is $200-$250k which is a wide berth. There may be some room to negotiate down from $125k. Is anyone having a background in construction willing to take a look at the listed work done/undone and if it is reasonably doable, partner on it? It is vacant so there will be a period of no income. Oh, I need a money partner as well. Kaycie/Stacy, this is prolly too much for me on a first deal but I am willing to pass it if you feel I should. I would hate for someone else more capable to miss out if this is totally doable. Just thinkin' how can I make some money here.😁
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Close Your First Multifamily
skool.com/the-first-deal-society
For investors who want to find, fund and close their first multifamily deal. You want to buy multifamily, but not sure how? You're in the right place.
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