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6 contributions to multifamily
If you can't make move in q4, when will you?
Q4 isn’t just “another 3 months.” It’s the season of opportunity — when people spend more, buy faster, and look for solutions harder than any other time of year. If you’ve ever wanted to test a side hustle, launch a digital offer, or start your first online business, this is literally the best time to do it. But here’s the truth, only those who act now will see results by December. No new course needed. No perfect setup. Just start with what you already know and turn it into something valuable. 💡 What are you currently working on this Q4? Or better yet — what skill do you want to turn into income before the year ends? Let’s get some momentum rolling in here 👇 Let's share ideas!!!
definitively acting to acquire our first multifamily @Ogundiran Femi how about you ?
New here and looking forward to connecting!
Hey! Just joined the community and wanted to introduce myself. I'm Garret, originally from the east coast but now living in Southern California with my wife, 4 kids and a zoo of pets. Excited to connect with others here who are raising capital and scaling in real estate. A little about me... I've always had an interest in real estate. At 16, I worked for a gold buyer in Philly (who also owned real estate) and learned the precious metals business. Around the same time, I read Rich Dad, Poor Dad and realized owning assets, real estate and businesses was the path to freedom, however at the time it felt like it was out of reach. So I wound up going into the fitness industry. Built my own fitness business, ran it for over a decade and grew it to 6-figures. Between the pressure of always staying in tip top shape, missing out on family time, and realizing my kids weren't going to take over the business, I knew I needed to pivot into something that would outlast me and leave a legacy. That shift led me into multifamily syndications. Today I run a multifamily syndication company with a couple of partners. Together we manage $200M+ AUM< over 1100 doors, and nearly 3 decades of combined experience in acquisitions and operations. Excited to be here and always open to connected with motivated people. Let's connect!
you read all the right books @Garret Rumbea I love that you have a beautiful family and a bunch of pets , we have 5 cats and love them so much , 2 human boys , ha !!
We Almost closed on an $18M Deal — here's why we walked away.
It was the end of August. We spent about 6 months working on a deal. Got it under contract. It looked like a home-run. $18M purchase price. 104 doors. Great submarket in Phoenix. Numbers lined up. We toured the property in person, walked every building.  Everything looked good. But during due diligence, we found out the roofs the seller said were "brand new" weren't.  They were shot. Full replacement needed. That changed everything. We went back to the seller and asked for a credit to cover the cost. They said no.  We tried to make it work, but at the end of the day, it just didn't make sense. Moving forward would've meant putting our investors' capital at risk and hoping we could make up the difference later. That's not how we operate. So we walked away. Was a tough pill to swallow.  We'd spent hundreds of hours on that deal and paid for all the third-party reports.  But it was the right call.  Sometimes protecting capital means walking away from a deal you really wanted. Here's what that experience reminded me of: - Don't fall in love with a deal. Fall in love with your standards. - Due diligence isn't just paperwork. It's how you protect your people. - And when in doubt, choose discipline over emotion. We lost some time and money on that one, but honestly it made us sharper. Our process is tighter, our team's stronger, and our conviction in what we stand for is even clearer. Sometimes the best deals are the ones you don't close.
@Garret Rumbea I m surprised a 2023 roof was shot !!
Why 70s Vintage Product Requires More Scrutiny
After three years in multifamily operations and underwriting over $250M in potential acquisitions, I wanted to share some of my observations and perspectives. I am not claiming to know everything about this stuff, because I certainly do not. I’m still learning every day, but I hope these insights prove useful and spark conversation about important topics in the multifamily world. Here is the thought I will be unpacking today: There is often a noticeable pricing and cap rate gap between 1970s vintage product and late 80s / early 90s vintage assets, even when they sit in the same submarket. For seasoned investors this may seem obvious, but I think it’s worth breaking down the underlying reasons. If you feel I missed anything feel free to comment and let me know. Below are some of the biggest reasons I believe this gap exists, along with a few things I personally look for when underwriting and touring these types of assets. TLDR: 1970s multifamily properties often trade at higher cap rates because they carry more operational and capital risk. Aging/out-dated plumbing, environmental considerations, insurance friction, and dated layouts all contribute to the discount compared to late-80s or early-90s product. But with careful diligence and the right business plan, that discount can also create opportunity. --- Why the market discounts 1970s product 1. Major systems are closer to the end of their life Many 1970s properties are approaching replacement cycles on multiple systems at once: Roofs Plumbing Electrical panels Parking lots HVAC systems When several of these items hit their replacement window at the same time, buyers must underwrite meaningful near-term CapEx. That risk gets priced directly into the purchase price. This can be the case with 80’s and 90’s product as well, but you may be going on even ANOTHER replacement cycle for some of these systems. 2. Plumbing systems and repipe risk One of the biggest dividing lines between vintages is plumbing materials.
Thanks for this @Isaac Holtz I wonder what is your experience with 1983 garden style apartments , I recently toured a complex and found it in pretty good shape on the outside , no leaks , no rot , good drainage away from buildings but we have to inspect plumbing , roofs and electrical ( panels look 15 to 18 y of age ) Roofs eventhough no leaks will have to be replaced within 3 years ( 16 y of age now ) ... also all these inspections carry a cost , what would an estimate on that be ?
REI Accelerator course
Signing up this course has gotten me broke. Unforeseen circumstances. If you do not have extra funds to invest monthly, please be careful. There is no refund.
I m sorry to hear that Jimee , their contract stipulate they will extend until you get your first deal , you should hold them accountable and ask for them to provide you with the contract if you do not have it . You are not the only one complaining , I believe there was talk of a lawsuit as well but I do not know much more then that . They have onboarded way too many people for the coaches and time they have to give and if you are unable to add funds for their events or their special higher group , you do not have as many opportunities to get in front of investors who can deploy for funding . I know it's sad that a group that professes Faith in Jesus has some misleading advertisement of what they really provide , nevertheless there is some good learning materials to watch in classes and it is worth having Thomas and Dan on the team for deal analyzing check . Have you been asked to stay longer for a small fee or did they tell you nothing of sort ? @Jimee Choi
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Mickael ,Barbara and Filip B
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@mickael-and-barbara-b-2237
We are glad to be part of a Believers Business Community Our buy box is FL. GA. SC. AL. and TN cell number is 775 287 1383

Active 1d ago
Joined Oct 4, 2025
SW FL
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