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
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
20h •
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.
2d •
This Weekend: One Property, Three Numbers
Here is a five minute assignment for the weekend. Pick one listing, any size from a duplex up to a 20 unit building, and run it through the three numbers we use on every deal. NOI is the rent coming in minus the operating expenses of the building. Cash flow is what is left after all of your expenses and the mortgage payment. DSCR is NOI divided by the mortgage payment, and it is the number a lender looks at to see whether the property can carry its own loan. You do not need a perfect answer. You need one property and three numbers, written down. Most people never get that far, and it is the first step that separates researching from moving. Post what you found in the comments: the listing size, your NOI, your cash flow and your DSCR. If a number came out ugly, post it anyway. That is how the rest of us learn what a bad deal looks like. If you are not sure where to find the inputs, say so below and we will point you to the right place in the Classroom.
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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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