Pinned
May 25 •
👉 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.
Poll
14 members have voted
8h •
This Week: Three Numbers, One Deal
A quick look at what is happening in our community this week, so you can plan around it. Thursday at 2pm ET is First Deal Live. Stacy walks through the three numbers we run on every deal, NOI, cash flow and DSCR, on one property from start to finish. It is about 30 minutes of teaching and then Q&A, so bring your questions. The replay goes up in the classroom if you cannot make it live. If you want to get ahead of it, here is a five minute warm up. Pick one listing, any size from a duplex up to a 20 unit building, and write down the rent coming in and the operating expenses. That gives you NOI. You do not need the other two numbers yet. Thursday covers them. Then this weekend there is a new assignment, one market and one conversation, so keep your list of markets handy. One small thing to do today: reply here with the size of property you are looking at, 2 to 4 units or 5 plus. It helps us make the examples fit the people in the room. New here? Start with the Start Here post at the top of the feed, and say hello in Introductions.
11d •
What Lenders Look For, Then Merrill Chandler at 6:30pm ET
Stacy is live at 2pm ET for First Deal Live, and this week she is teaching what lenders look for when you want to get your deal funded. If a lender has ever gone quiet on you, or come back with terms you did not expect, this is the call to be on. She takes questions at the end, so bring yours. Tonight at 3:30pm PT / 6:30pm ET, Merrill Chandler picks up where Stacy leaves off with his Six-Figure Business Credit Line Approvals Workshop, free for our community. Merrill runs Get Fundable, Stacy has been a client of his, and he is covering what lenders look at besides your credit score, how banks decide who gets a six-figure line, and what changes when your business is real estate. He says his community has been approved for more than $300 million in financing using this process. If you own rentals and want to buy bigger, the funding side is the piece to get ready now, months before a building is under contract. First Deal LIVE with @Stacy Conkey, 2pm ET: https://www.skool.com/the-first-deal-society/calendar Merrill's workshop, 6:30pm ET (registration required): https://apprvls.com/rmfia-workshop
1d •
Intro
- My name is Matthew - I'm from PA, grew up in FL, lived in GA/TX now International in Indonesia currently.. - The market I'm watching is Miami or FL. - My biggest stall point right now is What to do with existing rental... Ice Breakers: - What's the city you'd love to invest in FL, because of a paid mentorship i signed up for. - What's the first property type you want to close on - fourplex Hopefully. - What's one thing you've researched to death but haven't acted on yet, still researching everything.. - What was the moment you decided "this is the year I close my first deal"? Getting to that age where I need to get moving....
3d •
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.
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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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