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Multifamily Strategy Community

3.2k members • Free

11 contributions to Multifamily Strategy Community
I'm raising capital for a deal right now—and I want to hear what YOU'RE working on.
Real talk: I've got a solid opportunity in front of me, but capital is the bottleneck. Not because the deal isn't there—it's because finding the right partners who align with your vision takes time. So here's what I'm curious about: What's the ONE thing holding YOU back right now? Is it: - Capital raising? (Yeah, me too) - Finding off-market deals? - Underwriting confidence? - Partner alignment? - Something else? Drop it below. Because here's the thing—someone in this community has solved what you're stuck on. And if you're raising capital, sourcing deals, or building partnerships, let's help each other move. I'm actively looking for JV partners and capital partners on multifamily value-add deals. If that's you or you know someone, let's connect. The deals are out there. The capital is out there. The question is: are we going to connect the dots?
2 likes • 23d
I always had a hard time raising money but getting better at that.
Story Time
Where do I start… I want to share a stupid tax — and a lesson on partners and structure. When we first started, it was simple. Two guys excited about building something. We didn’t overthink it. We didn’t get deep into structure. It was just, “Let’s be 50/50 partners and start sourcing deals.” Then we found our first apartment complex. He made the initial contact. From there, I underwrote the deal, negotiated it, structured it, financed it, and signed on the loan. I told him clearly, “I’ll front the cash to get us started. I’ll carry the financing for now. You operate it. Once we refinance, I’ll bring you in on the loan.” That was the understanding. At first, he made a few phone calls and sat in on some conversations with property management. It felt like progress. But when it came time to actually show up — to go to the property, inspect units, oversee contractors, walk the site, and handle real operations — it faded fast. Within three months of closing, I was managing the entire apartment complex myself. And instead of slowing down and fixing the structure, I compounded the mistake. Two months after buying the apartments — right before I fully stepped in to take over operations — another opportunity came up. A construction company was for sale. I saw the upside. I believed in the growth. And part of my stupid tax? I brought him into that deal too. Same pattern. Minimal operational involvement. Friction with the existing operator. Headaches that I had to step in and resolve. Before long, I was running an apartment complex and a construction company. Fast forward. We put over $100,000 into the apartment complex and stabilized it. It was time to refinance. That’s when reality hit. His credit score was below 600. We literally could not refinance with him on the loan. The structure had to change. He moved to 20%, and I became the majority owner and sole guarantor. Now I was responsible for everything — the acquisition, the underwriting, the financing, the guarantees, the capital improvements, the debt paydown, the operations, the refinance.
0 likes • 23d
@Bob Richie invest in NC live in VA
1 like • 23d
@Virgil Sizemore love the idea but i wouldn't not invest with family and friends one deal goes south so does the relationship.
Book launch is today!
The physical book is out! Full of stories of actual deals with actual numbers! Check it out on the Amazon store - Today is the official launch of my new book! Amazon link- https://amzn.to/4dsiPYQ
Book launch is today!
0 likes • May 25
picked that bad boy up, supporting the ones who got me started
Apparently, My Building is Magnetic Now
“Apartment lesson 2.0: thank God for cameras 😂 Someone hit one of the buildings — like it was optional… Dont worry everything was captured. Got driver info, Insurance paperwork, claim is underway. At this point… nothing surprises me anymore.”
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Apparently, My Building is Magnetic Now
CRM issues
If you're in the mentorship and still don't have access to the CRM for any reason or are having problems, please let us know here.
1 like • Apr 21
No access
1-10 of 11
Corey Shimmel
3
34points to level up
@corey-shimmel-9108
Owner of a 24-unit multifamily portfolio, operate a construction company and business brokerage, actively acquiring and syndicating value-add deals.

Active 23d ago
Joined Dec 18, 2025
Richmond VA
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