Buying My First Apartment Complex! | Q&A [Episode 3]
👀 WATCH THIS NEXT: Why I stopped buying single family real estate (& started playing pickleball!)
It's finally time! I'm answering all your questions about the 33 unit complex I found using a BallPoint Marketing direct mail campaign! I'll tell you how I found the lead, how I negotiated the deal, and more!
The rest of the episodes in this series:
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READ THESE MULTIFAMILY BOOKS!
Multifamily Millionaire Part One (Small MF 1-4 units):
Multifamily Millionaire Part Two (Large MF 5+ units):
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Really inspirational seeing your whole journey from wholesale to a apartments! Especially to someone pulling the trigger on their first brrrr and in your same town. Makes the road ahead feel less overwhelming!
Go, Lili, go, go. So proud of you. Do your thing.
Amen
I’m so happy for you. Congrats Lili! A 33-unit apartment complex off of 400 letters is unreal! Anyone who does direct-to-seller marketing knows that you’re a beast at working your leads.
shout out to you Ryan 🙂 those letters are dope!
Just catching up on all the videos on the channel. Yesterday I watched last years, “I’m thinking about quitting” and today it’s the first multi-million dollar property. I hope everyone see’s and watches this. EVERYONE feels like quitting and gets demoralized sometimes, but if you just keep pushing every time, you can find great success!
Thank you for always being so open, honest and sharing your journey Lili!
Time flies and things get better! Thanks for the support Justise!
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This is so well done Ms. Thompson. I was locked in, the visual was perfect and the information was easily understood. Well done, I appreciate the effort you put into your productions.
That’s amazing! I’ve been binge watching your videos for a month now and am now under contract for my 2nd investment property. Thanks for the inspiration!
Way to go, Alexandra! Maybe you should start a YouTube channel to document your journey too!
Congrats!
How did your first contract go?
@Wanesha Wright-Smith closing is on 2/18 so negotiations are still under way as we’re aware of repairs that will need to be made
@Wanesha Wright-Smith I’m house hacking my first property and the negotiations were smooth as I bought it with a conventional loan with 20% down 3 years ago, so before the madness that is the current housing market
You are so blessed Lili, thanks for always coming plain and simple to make everyone understand real estate deals. In my study note 📝 book.. I have a separate column for your videos. You are a star ⭐️! Flying to your town someday !
I can’t even tell you how happy I am for you. You are a good person it comes thru in your videos and I know for a fact this is just the tip of the iceberg for you.
My prediction: you will be able to get a similar deal once every quarter for the rest of 2022 and by this time next year you’ll have 150 units in your apartment complex portfolio. Go Lili!
That’s love ❤️
Facts go girl!!!!!
I’m so happy for you. I remember taking a pic of the followers you had on your videos to see how it and your business would grow cause I knew you’d be here one day. Congratulations I’m literally proud of your consistency to be here. And I’m more than confident that you’ll grow your business 10x one day soon! This also inspires me! Much love ✊🏾
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I love the channel, marketing, and your transparency!! Lili congrats on your success and not giving up while going through the failures. God bless you and your family!!
Thank you!
I’ve been a real estate investor for over six years and study much like you do. THIS ONE VIDEO gave me the clearest understanding of a commercial multi unit deal (I have only done warehouses in the commercial space) over ALL other videos I’ve seen. Thank you for the work you put into this, your content it the easiest to digest I have come across in over 6 years. Lets get it!
Thanks so much! Glad it was helpful
@Lili Thompson can you be my mentor?
Some advice if you aren’t already planning this: schedule all inspections on the same day and call out your contractors to write out quotes for you right on the spot.
It’ll be a crazy day but you’ll end up saving so time in the long haul, and estimates will be far more accurate.
Also, i would invite the seller to come by. Just for transparency. I was able to get a 1.7m deal at a 30% discount with no arguments just because I had the seller present during inspection
Also also… HUUUUUGE FUCKING CONGRATULATIONS!
Spot on advice
Great advice.
Nice advice beybe
Good tip here^
Idsoxxf0l
You go Lilli, that’s so good you’re moving on up! This is inspiring! You put a smile on my face! 😁 I’m so happy for you!!!
I can’t imagine anyone watching one of your videos and not coming away totally motivated to take action in whatever excites them. I love watching you do your thing.
Wow, thank you!!!
Lili!! I’m 48 years old and started real estate full time in the middle of the pandemic in 2020 and I can’t wait to witness your success in the next 5 years. YOU ROCK.
Thank you!
Young lady, you are a true inspiration to many people. Good for you that you’ve raised yourself to a massively successful level with initiative and grit!
Quick correction: as a multifamily agent myself, the commissions are usually lower %. For properties $2-10M, the total between both sides would probably be 4%. $10-25M is likely 2% for both sides. $25-40M is maybe 1.5%, and after that it is usually a flat fee. This is for the exact reason you mentioned: no investor wants to shell out $6M on a $100M sale.
From one black woman to another, from a realtor to an investor I am so proud of you, continue letting your black girl magic shine. I love watching what you are doing.
Do you realize how racist you sound? Girl has magic, why does race have to be involved?
You’re being racist watch. If someone said from one white woman to another white woman, I am so proud of you. Continue letting your white girl magic shine you think that blacks would be ok with that??
@@mikel2385 I don’t care what whites women are doing and I wish they would stop care about what I’m doing. Racism isn’t about color, racism is about economic and violence. So until I can get in a position where I can hinder the economic growth of white women I can’t be racist. I can on be prejudice which is my God given right to do so. To prefer 1 things over another. There are a lot of problems going on in the world and this is the best use of your time to try and control what 1 black women is saying to another black women. How is that effecting your finances or your safety. Stay in your lane because no one talking to you.
@@mikel2385yes bc it’s not racism in any way lol
@@gianna1843 ur dumb frfr
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