Hello am dike am new on this community

I’ve been a CRE agent for about four years. Glad to be here.

I am new to the investment side of things; my focus has been on the contracting side.

The advice from an apartment investor with 250 to 280 doors split with a partner was... Make 2 calls a day, 5 days a week to Multifamily building owners close enough to you to go have coffee/quick meet ups. Not to ask them to sell you their building, but to learn. Maybe this inquiry finds you a deal partner, money, or a road map, warnings and direction. I suppose that my list of questions could be very long, so I want to think about my questions ahead of time. Have your goals clearly defined and share the goals. Maybe this contact causes your phone to ring later with deal leads that the owner you met with hears about or gets offered and they are not for them, but thet fit the goals you shared.(My thought now is to put it on a flyer you leave with them, and I suppose you could email them an updated version as you progress and then follow up with a call). My realtor promo flyers I would make in "Canva for free" and it would include my business card, stapled on or printed right on the paper- it would show what is am offering as service or for sale. Or in this case it would be what I want to buy or whatever other value I knew of that could help the owner. That youtube investor only did his early deals with VTB at 3 to 4% interest. He used money partners to fund the deals and 2 of his biggest mistakes were: #1. not getting more money up front for a deal to reno/reposition the whole building to higher rents all at once. He would have been ahead another Million 3 years later if he had enough to do all the suites. #2. offering a doubling of money in 5 years or less. Instead of a graduated repayment. ie 100% gain over 5 years could have been 20% per year. When he refinanced the apartment building after 11 months, he paid out the 100% profit to the investor to keep his word. He kicks himself for that one. He ended up opening/building a property managment company and I imagine it helped that he already knew local owners. It crossed my mind that a great question for the owners I contact would be: "are you happy with your current property management arrangement? What do they charge you?(OR; Do they charge you the typical 10% of gross rents.. or whatever is in your area). Maybe they self manage?

I have chosen to be unemployed :) I have not had a job in 40 years. I love working from home and the commute is amazing :) I love real estate. I got stuck in the comfortable rut of serving my residential retail home buy/sell clients in Western Canada for 36 years as licensed real estate agent. I hated going to the office where all those agents had their coffee clubs :) I took a lot of courses on How To Do Commercial Real Estate deals, but never broke away from my love of serving customers and executing residential real estate for them. Major life change brought us to central Florida in 2023 where I’d like to finally do larger deals to fund my passions, provide legacy for family and create a team? Are you open to join strengths and do more in less time and have more fun? Let me tell you :) You have to be tenacious to survive as a Realtor for 36 years. In residential home sales, I feel I have seen it all, rode the market wave up and over the top and down 4 significant times - what they like to call housing bubbles. . I did some commercial too. The last memorable sale was I listed and sold a 4 acre lumberyard, huge hardware store with tool rental side HOME HARDWARE bought it for a few million. Numbers , contracts and negotiations are the simple stuff to me. I was never a great nurturer of past clients. I always went out and did 95% new clients = make it happen activities, rather than wait for it to happen. I had agent friends do the love and nuture way of building repeat business. If you didn’t call me back in 5 years to list your house when making a change, I was ok with that. I did not enjoy maintaining a list and following up manually. I like automating nurturing and don’t care if it’s not as personalized as Susie who did 95% referral by talking to 10 or 30 future prospects per day from her sphere list. So having a nurturer to work with would add value to me and them. You can have the database :) I can see how this was a weakness of mine when it comes to finding hard money or whatever source would be needed for a deal, well previously I was too satisfied/comfortable to pursue lender relationships. Maybe someone else has already nurtured those and knows the best ones to get closed deals funded hassle free from = no drama lenders?