SHOW NOTES
Are you a solo real estate investor looking to scale your business? Do you want to achieve financial freedom faster through multifamily investing?
The secret to success lies in building the right team.
Paula Nichols is the co-founder of Apogee Capital and a multifamily syndicator who has achieved financial freedom. Born and raised in Colombia, Paula moved to the US in 2006 to chase the American Dream.
After meeting her husband Jonathan in college, the couple got started in real estate. But they made the mistake of trying to do everything themselves, limiting their ability to scale.
On this episode of Financial Freedom with Real Estate Investing, Paula joins me to explain the importance of building a team to achieve greatness in multifamily.
She describes the key players you need to find and acquire apartment deals, from brokers and lawyers to lenders and property managers.
Listen in for insight on selecting the right partners for your multifamily team and learn how to leverage other people's skills and experience to accelerate your success in real estate.
Key Takeaways
- The key players in finding multifamily deals
- Build relationships with brokers who have listings
- Work with someone skilled at underwriting
- The people involved in acquiring a property
- Real estate lawyer to draft legal documents
- Lender to fund 70-80% of the deal
- Other partners to bring skills you lack
- Who manages the deal after acquisition
- Property manager handles day-to-day operations
- General contractor executes value-add
- Asset manager ensures business plan is followed
- How to engage the right people for your team
- Look for aligned mission and values
- Vet based on track record and background
- Bring on people whose skills you need now
- Document each person's role and compensation
To learn more or work with Paula Nichols
Connect with Michael Blank
Apartment Investor Network Facebook Group
Email [email protected]
Resources
Access Michael’s Apartments 101 Masterclass
Schedule a Call with Michael’s Team
Explore Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Check Out Michael’s Deal Maker Blueprint
Enroll in Michael’s Deal Maker Mastermind
Review the Podcast on Apple Podcasts
Financial Freedom with Real Estate Investing by Michael Blank
