In today’s episode of Commercial Real Estate Bosses we meet with Jennings Smith to talk about:
- How to get started investing in your first multifamily deal
- How to bring value to your multifamily relationships
- How our investment strategy is changing in 2023
Episode Timeline
04:33 The Challenge of the Changing World
07:45 What it Takes to Get My Million Dollar Profit
13:18 Focus First on Getting the Deal Done : Don't Be Crazy Picky
15:50 My Strategy - How Hungry Am I
18:38 Facing the Challenge of 2023
25:39 The Essence of Building Your Own Community
27:40 Get Good at Something's Hard and Bring Value
Don’t be CRAZY PICKY. Focus on getting the deal done. Get your feet wet and refine. A lot of people never close a deal because they are waiting for Mr. Right to come along and Mr. Right never comes along. Take every opportunity as it comes to you versus just waiting for the perfect deal.
Jennings Smith
My First Million in MultifamilyJennings is the CEO of My First Million in Multifamily, co-creator of the coaching and mentor program The Deal Room and the host of Unlock Your Life Podcast. In 2013, Jennings started to purchase rental real estate, and in 2019 moved into commercial real estate, amassing a portfolio of apartment complexes, self storage, and mobile home parks. In three years, his portfolio has grown to over $60,000,000 in value, comprising over 1500 rental units, with $800,000 a month in rents collected.
