I’ve shared before why I think multifamily real estate syndications are one of the best ways to build passive income today.
One of the reasons it’s so great is because you can build an online platform to attract investors, like we teach in our Platform Builder Workshop. As a young person, you have a great start on how to do that because you already use social media every day!
But there’s one common misconception I keep hearing on social media when it comes to multifamily real estate…the: “I’m too young” mindset.
Maybe it’s because you’re only seeing old guys like us talking about it, people who are further along than you and who have more years of experience under their belt.
But there’s a very good reason for this. When many people first get into real estate, they look at flipping houses.
This can be a good way to build a new revenue stream, but it takes a lot of time to build wealth this way, and it comes at a cost.
When you stop having houses to flip, the money runs out. It’s a VERY active job and I know because I flipped a few dozen houses in the past.
The true path to financial freedom is when you can have cash flow coming in consistently every single month whether you’re closing new deals or not.
That’s why multifamily is so exciting!
And eventually, people figure this out and they switch from single family flips to doing multifamily deals later in their career.
But you don’t have to do it this way… because you’re never too young to get started in multifamily.
In fact, the earlier you can, the better.
Let’s look at a few examples from recent podcast interviews with young people who got started early.
Kyle Marcotte, for example.
At just 20-years-old, Kyle raised $600K and closed on his first deal in the span of 4 months.
Josh Gorokhovsky is another great example of someone who soaked up everything like a sponge at a young age and took massive action.
After graduating from college in 2005, he interned at a private real estate investment firm.
Two years later, he founded his own real estate investment firm, Telos Properties, which focuses on the LA area.
At the time of our interview, Josh had placed over $7M in equity for investors and managed $20M worth of real estate transactions.
So there’s no such thing as being too young for multifamily!
The biggest question is, who will you learn from and what kind of action will you take?
At this year’s Deal Maker Live, you’ll walk away with everything you need to know about growing your multifamily business.
You’ll not only hear from me, but many of the top experts in this space who are doing the work and have the results to show for it.
From scaling and marketing your multifamily business to high-level market insights during these uncertain times… we’re leaving no stone unturned.
Head on over to DealMakerLiveEvent.com to get all the details and reserve your spot.