How to Invest in Multifamily Real Estate

Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!This episode with Dr. Julius Omi and Leslie Awasom was powerful! Julius and Leslie started off investing in single family homes separately. They met one another at work and after not having much success with single family homes, they decided to get into multifamily investing with a 3rd partner, Tenny Tolofari. When they decided on their target market, Tenny moved his family and sold his home so that he could start building a team. The team has grown their portfolio to hundreds of units across the Southeast and has over $100 million in assets under management. In this episode we broke down how large multifamily deals work, the importance of our community getting into this space, future plans and more. Highlights1) A strong team is a necessity when you get into large multifamily real estate. due to the complexity. The team you choose can make or break your investment.2) Educating your community is a great way to increase their knowledge and also to create a pool of investors you need to close a large multifamily real estate deal 3) Large multifamily properties are not appraised based on the value of similar properties sold. They are appraised largely based on the revenue it generates. How to find themIG- @xsitecapital Website- https://xsitecapital.com/Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Join the waitlist for my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/yourfirsttenant Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy