MB 238: Plug into a Multifamily Network & Fast-Track Your Success – With Barry Flavin

<p>How do you land your first syndication deal without a track record in multifamily? Well, it all starts with networking. Networking with brokers. Networking with potential investors. Networking with other multifamily operators. And if you can get plugged a real estate investing community, you can leverage the knowledge and experience of investors who’ve been where you want to go and fast-track your success!</p> <p>Barry Flavin is a <a href="https://themichaelblank.com/mentor/" target="_blank" rel="noopener noreferrer">mentor with the Michael Blank organization</a> and Managing Partner at <a href= "http://newmissioncapital.com/" target="_blank" rel= "noopener noreferrer">New Mission Capital</a>, a multifamily investment firm out of Detroit, Michigan. He got his start in real estate eight years ago, building a portfolio of 30 single family rentals before making the shift to multifamily. Barry has a background in software sales and spent six years working as an air traffic controller before discovering real estate, and today, he owns 387 units, leveraging his expertise in investor relations to grow the business.</p> <p>On this episode of Apartment Building Investing, Barry joins cohost Drew Whitson and I to explain how an air traffic controller ends up in real estate, walking us through his transition from building a portfolio of single family rentals to raising capital for large multifamily deals. He discusses the advantages of focusing his investments in a single market, describing how he found his partner, Josh, and what they do to secure consistent deal flow. Listen in for Barry’s insight on avoiding expensive mistakes with 1:1 mentoring and find out how YOU can accelerate your success through the Michael Blank community.</p> <h3>Key Takeaways</h3> <p>What inspired Barry’s interest real estate</p> <ul> <li>Looking to supplement government pension</li> <li>Desire to travel in retirement</li> </ul> <p>Barry’s initial real estate investing strategy</p> <ul> <li>Fix up and sell personal residences</li> <li>BRRRR m