#112 with Michael Desrosiers: How to Scale to 600 Units Through Syndication

Millennial Millionaire Real Estate Podcast

English - November 09, 2020 19:13 - 35 minutes - 65.5 MB - ★★★★★ - 56 ratings
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Previous Episode: #111 with Ashley Wilson: Scaling to 600 Doors & Best Practices to Working with Contractors

Next Episode: #113 with Collin Schwartz and Chris Pomerleau: How to Scale to 700 Units in Multifamily Investing

In this episode, Jonathan Farber interviews Michael Desrosiers on his journey from doing a rental or two at a time for decades to closing nearly 500, going on 600 units as a syndicator. Michael is a syndicating investor and serial entrepreneur based in San Francisco, California. In this episode, we dig into topics like: getting started as a multifamily syndicator, the right way to raise syndication capital, connecting with a syndication mentor, and more!

Top Takeaways:

Breaking into multifamily syndication - 11:00 - 14:00

The main thing standing between you and closing is knowing your stuff

The more you understand about the process, the more comfortably and capably you’ll execute

While asking people for money may sound bad, most people with money want more

Raising syndication capital the smart way - 15:00 - 17:45

It may seem like a scary sales job but really that’s the wrong approach

What you’re offering isn’t a product, it’s an opportunity to make someone more money

The best angle is asking if they know anyone who would be interested, instead of direct

Finding a mentor in the syndication world - 18:30 - 24:00

Once you know the industry, you have the knowledge to tell who’s really operating effectively

At this point it’s time to start growing your network and learning other people’s backgrounds

The more introductions you can make and the more you can be part of, the faster you’ll grow

Resources:

Book by Michael Hyatt: Free to Focus

Social Links:

https://www.facebook.com/mike.desrosiers.509/photos

[email protected]

Connect With The host, Jonathan Farber Here!

LinkedIn: https://www.linkedin.com/in/jonathanfarber1/

Instagram: @jonjfarb

Facebook: https://www.facebook.com/jonathan.farber.9

Facebook Group: Real Estate Mentorship Mastermind

https://www.facebook.com/groups/860025821084224/

BiggerPockets: https://www.biggerpockets.com/users/JonathanF29

Schedule a time to talk: https://calendly.com/jonathan-farber/1-on-1-with-jonathan-farber-mmtr

Apply to be a guest on the podcast here: https://forms.gle/YNmALHUvDvuMWVVFA