Millennial Moguls: How Three Bros Jumped to 1000 Units in Record Time with Jeff Donis
Tejas Gosai
RE Fund Manager | LVPEFUND.COM | $400MM/3000+ Units Closed | REI.MBA Podcast Host
At just 21 years old, Jeff Donis (JD) has already made significant strides in the real estate industry alongside his brothers. Their journey began as college freshmen, starting with wholesaling properties and eventually transitioning to the multifamily sector. With their hard work and dedication, they have amassed over 1,000 multifamily units across different locations and utilized syndication to raise capital for their investments. JD's story showcases the possibilities and opportunities available in real estate, regardless of age or background. Listen here
Starting Small and Exploring Creative Financing:
Initially focusing on wholesaling, JD and his brothers expanded their knowledge to include creative financing strategies such as subject-to deals and owner financing. These approaches allowed them to acquire their first rental properties and lay the foundation for their investment portfolio. Through continuous education and a willingness to explore new strategies, they gained valuable experience and confidence in their abilities.
Transitioning to Larger Deals and Raising Capital:
As they ventured into larger deals, JD and his brothers faced new challenges. They recognized the importance of continuous education and sought mentors and mastermind groups to guide them through the process of syndicating commercial real estate deals. Building relationships with brokers and assembling a reliable team of professionals, including a key principle partner, insurance broker, debt broker, and attorney, became essential for their business operations.
Leveraging the Co-General Partner Model:
To overcome their limited track record, JD and his brothers embraced the co-general partner (co-GP) model. By providing value to experienced team members within their network, they gained access to deal flow and successfully closed their first multifamily deal. This approach allowed them to establish their capabilities and credibility as real estate investors, paving the way for future growth.
The Motivation and Vision for the Future:
JD's motivation to succeed in real estate stems from his immigrant background and his desire to provide a better life for his family. Their vision extends beyond personal success, as they strive to create generational wealth and financial freedom not only for themselves but also for their loved ones. Their story serves as an inspiration, emphasizing the importance of hard work, continuous learning, and building a strong network within the industry.
Jeff Donis' journey as a young real estate investor showcases the possibilities and opportunities available in the industry. From starting small with wholesaling to transitioning to larger multifamily deals and utilizing syndication, JD and his brothers have achieved remarkable success. Their story serves as an inspiration to aspiring real estate investors, highlighting the importance of continuous education, networking, and perseverance. Despite their young age, JD and his brothers have proven that with determination and a clear vision, anyone can succeed in real estate and create a path to financial freedom.
Click here to listen to Van Sturgeon and Tejas Gosai's discussion as they provide analysis of current real estate trends and forward-thinking perspective on the future of commercial office spaces which can lead you towards achieving your financial goals through smart and strategic real estate investments.
领英推荐
==============================================
The education we provide is sponsored by Lehigh Valley Fund. The fund earns returns through real estate investing and pays inventors an average 10% return with a 12 - 18% target*?
Please subscribe to the Real Estate Investor MBA Podcast on the following platforms:
?? If you like what we are doing and see that we are providing a lot of value, please be sure to leave us a 5-star review and positive comment. In doing so, this helps us continue to attract the highest quality type guests to interview and for you to listen to.
Check us out at our new website at: https://www.rei.mba/