Multifamily Advisor | Performance Coach | Commercial Real Estate I Problem Solver | Board Director
I wore a bulletproof vest to a property tour! Well, at least I needed one…It was a war zone. But, it ended up being a great deal story: - I initially sold it for $1,800,000. - 4 years later? It sold for $5.1M. - & 4 years after that? $9M+. 2 lessons you can steal: 1) Stick to the same property type & business plan - For me: private capital multifamily, 20-250 units 2) Stick to the same market - For me: I started in Hampton Roads, VA in 2012. But, I shifted roles 5 years into my career. That shift was costly. Today, I’m fully focused on Columbus, OH. The fundamentals win in the long run. And, consistency is key. Stay focused on a property type, submarket and stay close to the hoop. P.S. What’s your favorite deal story?
I’ve got to say your story is a testament to how real estate can transform rough neighborhoods over time if you're willing to get in there and see the potential. Anyone who’s spent time in this business, especially in spots that have seen their share of hard knocks, knows that the path to big gains isn’t always a smooth one. Thanks for sharing that. Good luck in Columbus, OH too, it's a hot market.
Reminds me of my days as a General Contractor in Chicago!
They didn’t teach that in “new agent training!” Love the story and willingness to what most others won’t. 💪
I didn't wear a vest yet, but I've had an armed bodyguard before, for a property tour.
Love this, these videos are done very well.
Terrific message. The shiny object (or something like it) will probably be there after you've built your success with your focused approach.
Great points in any sector. Don’t get overwhelmed with the amount of product or handling all the markets/submarkets at once but rather create your focus and start building a list of buildings you know really well that have value add potential.
Long-term success comes from staying focused and consistent. Matthew E. Drane
Respect. Love seeing the fundamentals still win out in the end
I used to have to clear property with my gun drawn before a prospect would arrive… I would also shout into the building an offer $50 for anyone that was there to leave.