MB 265: Build Relationships, Build a Multifamily Business – With Philippe Schulligen

<p><span style="font-weight: 400;">The beauty of multifamily investing is that you don’t do it alone. If you’re just getting started, you can bring a deal to an experienced operator. And once you’ve built a network of your own, you can flip the script and cosponsor deals with up-and-coming syndicators, leveraging your relationships to raise money for deals and scale your business faster!</span></p> <p><span style="font-weight: 400;">Philippe Schulligen is the Founder of</span> <a href="https://www.555ventures.com/" target= "_blank" rel="noopener"><span style="font-weight: 400;">Five Five Five Ventures</span></a><span style="font-weight: 400;">, a firm dedicated to helping professionals navigate multifamily real estate investments. Philippe is the co-owner of 1,450 multifamily units worth $70M, and he has raised $22M in capital from investors. Philippe spent 20 years in corporate aviation before quitting his 9-to-5 for real estate, and he also serves as a mentor for The Michael Blank organization.</span></p> <p><span style="font-weight: 400;">On this episode of Apartment Building Investing, Philippe joins cohost Garrett Lynch and me to explain how he got his start in multifamily by partnering with an experienced operator. Philippe describes how building relationships with a network allowed him to scale faster and shift from finding deals to becoming a cosponsor and capital raiser. Listen in as Philippe gets real about what he learned when an equity partner bailed on a big deal at the last minute and find out how to start building YOUR multifamily network with the help of a mentor like Philippe!</span></p> <h3>Key Takeaways<span style= "font-weight: 400;"> </span><span style= "font-weight: 400;"> </span></h3> <p><span style="font-weight: 400;">How Philippe got into real estate</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Looking for additional stream of income</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Started with singl