The perfect multifamily BRRRR deal is hard to come by, which is why it’s so surprising that Kimberly Marie from Red Door Renovation was able to land it as her first multifamily deal. Kimberly didn’t have much multifamily experience and had only dealt with residential flips and single-family rentals. She realized that she was putting in far too much effort to get such little cash flow, hence the move to multifamily.
So how does a newbie like Kimberly get a deal with such a big upside? Well, she credits her success to real estate education, constant networking, and having the follow-through to show brokers you mean business. She was consistently getting sent multifamily deals by her broker that other brokers would send days later. If you’re in multifamily investing, you know how important it is to have an ultra-fast lead funnel.
If you’re thinking of making the move from residential real estate to multifamily, commercial, and beyond, take Kimberly’s advice and get out there, get talking, and get a deal!
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Check out Last Week’s Episode on Cost Segregation and Depreciation:
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Follow Kimberly on Instagram:
@kimberlymarie920 or Kimberly an Email:
kim@reddoorrenovation.com
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How to Take the BRRRR Strategy to the Next Level with a 198-Unit Apartment Building:
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8 Steps to Buying Your First Rental
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Connect with Terrance:
Instagram: @terrancedoyle or
BiggerPockets:
LinkedIn:
Connect with Chris:
Instagram: @chrislopez_co or
BiggerPockets:
LinkedIn:
00:00 Intro
00:53 Seeing the Other Side of Affluence
04:58 Funding College with Flips
08:14 Trading Flip Profits for Cash Flow
13:09 From Single Family to Multifamily
14:26 Getting Your First Deal
21:14 23-Unit BRRRR
31:06 Think Like a Consumer!
Recommended Reading >> bit.ly/32kRpzw
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